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<br /> 96- �031.'�'�
<br /> paYmenls nmy nc�Ic�tycr b2 ret�uiral,at the uption af L,ende�,if nxirtgngc iasurwkc�o�•rragr!in tl►a un►cwiit arxl for thr.peria! -
<br /> tlu►t l.ender reyuiresl pruvi�{�xl hv an insurzr appr.�rai by l.c�xlcr ag:iin becumes uvaitabte arxl is obt;►i�xrl. 6urntw•ec studl �wy --
<br /> t1►e prcmiwi��n,yuiml t�mainuin nx�rt��� insur.uuc in cffeet,or ta provide a luss rcserve,until�he reyuir�n�ent tor mangagc =
<br /> i�uurunce en:ls in arrn�d:u�cc with:uiy u•ritten ugrecn�ent bctwocn!]orroucr aixl Leixier"r:►ppli:able law. `
<br /> 9. I��rUa�. Il.etxk�or itc�grnt mzy nu1:e rwsa�wlile entrics upon�uxl insp:.ctiuns of the Property. l.eixier shalt �ive
<br /> ��'��:�.:��r::1.:�_.wV v.1'y..r�nr tn wn incMi`ri�u.cnArifying re�:i�le eauu f�r the i�w�ectwn. _
<br /> l0. Condemnaiton.The pnxrtils vF any awar� or claim for dunagcs, dirae ar consc�uenti�l, in cannection witFi ;►ny -
<br /> co�xtemtiatiaa or other takin�of any pan ot the Propeny, or f'ur canveyatue in lieu of co�xienuiation, arc heroby asri�n�l �xJ =
<br /> si�ll be paiQ w Lender. -
<br /> In the evcnt of a tot�l tal:in�of the Property, the pre�ceeds chall be appliai to the sum�sccured by this Sccurity Instn►ntent, —
<br /> wt►ether ar not then due, w•ith any ezcess paid ta Borrawer. In the cvent of a pnrtial takin�af the Property in which lhe fair
<br /> markct value os the Property inunediately before tho toking is cqual to or greatcr than the a�nount af thc sunu sccurcd by this v
<br /> Security Luuun�ent inunediately before the taking,unl:ss Borrawer uncl Lender otherwise agrec in writing,the sunu secured by
<br /> this Security Itutrument slwll be r,xlucexl by tlie amaunt of'the proceeds multiptiod by tl�e fallowing froc:tion: (a) the total
<br /> amount of the sunu secured inunediately before the taking, dividal by (b) thc fuir market vulue of the Pr�peny in�mediately
<br /> before the taj:ing. Any balance si�all be paid ta Borrower. In tho event of a panial taking of thc Propeny in which the fair
<br /> market valuc of the Property inunediately before thc taking is less than the anuwnt of the sums securod immcdiacely before the
<br /> taking, unless Borrower and Leitider otherwise agree in writing or unless applicable law otherwisc provides, the proceeds shall
<br /> ba applied to the sums securod by this Secunty lactrument whether or not the sums arn tbe:u Ju�.
<br /> If the F'roperty is abuxio»ed 6y Borrower,or if. after notice by I.ender to Barrowcr that the condcmnor offers to make un
<br /> �ward or settle a clzun for damages. Borrower f�ils to te.epond to Lender witt►in 30 days after the ciate ase notice is givea�,
<br /> Ler►der is authorized to rnllect and apply the proccxds, at its aption,eidier to rzstoration or re�air of the Psti�rty or to the sums
<br /> sa.u�a�by i,tiis Sec�rity Insirument,whether or nat then due. -
<br /> Unless L.ender and Borrower otherwise agc'ee in writing. any application of pr�eeeu� s.�principal chall twt exG:nd or
<br /> postpone the due date of the rtwnthly payments raferred to in paragraphs 1 and 2 or change the amount of su�:�payments.
<br /> 11.Borrow•er Not Released;Forbepsstnce By l.eoder Not a Walver.Extension of the time for pacu�:su or malification
<br /> of amortization of the sums secured by this Security lnctrument granted by l.etuler to any successor in intemst of Bonower shall
<br /> , not oper.ite to release the liability of the original Borrower ur Borrower's successors in interest. Lender shali not be required to
<br /> cortunenc�e ptnccedings against�ny wcoessor in interest or refuse to extend time for payment or otherwise nwdify amortization
<br /> of the surw, secured by this Secwity Instivn�ent by reason of any demand made by the original BoROwer or Borruwer's
<br /> successors in inurest. Any iorbearance by L.ender in eze:cising any right or remedy shaU not be a waiver of or preclude the
<br /> exacise of any righi or remedy.
<br /> : 12, S�sorc and Assi�ns Bouad; Joint apd Several Liability; Co-siguers. Thc covenants and agr�nu of this -
<br /> Security Iastrumert sl�ll bind and bet�efit the successors and assigns of I.ender and Bormu�er, subject to the provisicuu of
<br /> paragnph 17. Borrower's covenant.s and agreements shall be joint and several. Any Bocrow•er who co-signs this Security
<br /> in�c �.,,r�� but does not exeeute the Note: (a) is co-signing this Sacurity Instnunent only to mongage,graiu and convey that
<br /> Borrowcr's inierest in the Property under the terms of ttiis Securiry Instrument: (b)is not personally obligated to pay the sumc
<br /> �s . 50.'NtOY i1�t Uui Ja:Yltiy ii�Sii'wir:iu.itiN�tCj�a.w u�oi jw',i.i i.i wiw'�w:.f v.,�7..T a�i.u:T'a::::SYr..>$a^S�I^L".».':`�. ^«.`.�lfj.fi'i�.`��_...•I.l�i. ....... . .-
<br /> m�ic,e any a000mirwdations with regud to the terms of this Security Inurument or the Nott without that 9orrower's rnnsent. -
<br /> 13.�.oan Chasges.If the to�o secured by this Securiry Inswment is subject to a!aw which sets maximum loan charges,
<br /> . and that law is finally interpreted so that the interest or other loan charges collected or to be�ollected in a�nnettion with the
<br /> loan exceed the pernutud limits. then: (�)any yuch toan charge sh�ll be reduced by the amount necsssa�y to reduce the charge
<br /> _: to the permitted limit;and (b)any sums already collected from Borrower whiefi ezcczded pemutted limiu will be refunded to
<br /> . Borrowu. I.ender m�y choose to make this refund by r�ducing the principal owod w�der the Note or by making a direct
<br /> . payment to Banowu. If a nfund sndrsoes principal, the red�n will be ueatod as a partiai prepayment witIso�u any
<br /> _,s prcpaymeni chuge uc�der the Not�.
<br /> 14.Notias.Any notice to Borrowu provided fur in this Socurity Insttument shall be given by deliveting it or by maiGng .
<br /> : it by fint cl�s mail unless applicable Izw requires a�e of another mett►od. The notice shall be dire¢tal to tfu Propei�y Addr�ss
<br /> '�" or any other address Borcowu daigrt�tes by notice to L..nder. Any notice tu Le+�der sh�ll be given by first cius maii to °
<br /> �. Larler's add�ress stated herein or any other address I.ettider designates by nodce to Borrower. Any notice provi�ecl for in this
<br /> Socurity lnstnunent shall be deemed to have been given to Borrower or Lender whe�given as provided in this paragraph.
<br /> 15.Goveining Iaw; Severxbility. This Securiry Instnunent sf►all be govemod by federal law and the law of t!�
<br /> ' jurisdxaion in whicb the Property is located. In the event that any provision or clause of this Secwity Instrumeni or the Note
<br /> oonflicts with applicable law,such conflict shall not affect other provisions of this Soeurity Instrument or the Note which can be
<br /> given offcet without she cont7icting Fmvision.To this end the provisions of this Socuriry Instniasens and the Notc are d�clared
<br /> . . w be scvenble. �
<br /> 16.Borrower's Copy.Borrow•er s':all be�iveo ox conforuxd copy of the Note and of this Security Instrument.
<br /> _, Form 30?8 9190
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