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<br /> pa5'nxnts n�y�w�lonber be reyuictxf,at the c��tiw�;�f l.e�xkr. if nk�ngyge ituur�u�c r�wcr.�ge�he:uixw�u�xl fur thc peria!
<br /> ch.t L��kk:e �cyui�is) �uo��i3�by an i��.w��r u�r.,c�;3 h}� I�r�r��;n b.cank:a�•aitabl�a�d is c�ainc:l. tjarraucr s;h;.11 p;�p _
<br /> the rremiumc rcyui��d to maintain nx�rtgagc in�urxixe in eff�rc,or tn praviili a lo�c rewnre, until thr n�y�ircnx�u fur�iwrt�:�c
<br /> inwr�uxr cixl�in arwrJ:uk�c wiQ►:u�y writtrn�rxu��+t Iktw.x�u&�ri'uw�r:uxl t.�ixler ur:y>pli�•able Ir�v. _
<br /> 9. Iuc��ectlou, Lcnder or its arent nuy�ruke rcaK�nat�te cntrie.� u�n �uxi iac�.ctioae of th:: E'n�crty.l,�ndcr�hai[�ive
<br /> &uraw�er�xuicc at the tinx of oc p�ior w:►n insF-�c�tion s��cifyinL reasc�nablr r:wse far the iacpe�tiun.
<br /> 10. COiili@ii�i7aa�ii. 'i'I�e pi�k�1� of tuiy pward or�i;ilm f.i��i�ge3, dirc�i or aHti.c�uci�iirl, in �u�uk�tiun witt�ar�y
<br /> corxlemnatioa or othtr�elit�af aav vart af the Protxrtx,t�r for rtx�vGYitx'e it1 li�u af�Y+ix�avta!iw�, iU'C 11CfCby' a��ly1K'�1;�Iril -
<br /> �{.�1{u.n..��.n t^w�i��. :
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<br /> In the e�•ent of a twal taf;ing of the Property,the praceed.v sltiall be applied to tlx suths�ecuracl b�•t`,is Sccurity Incttunxnt, _
<br /> whether or nai then due,with any excess pa:d to Iiomiwer. In the event of•r p;utial t•rking oE th�: Property in which the f;►ir
<br /> mlrlet value of the Property imnuxii�tely before the ta�:iag is eyual to or greater than the:u�wunt of tt�e sunu secured by this -
<br /> Security Inuroment inunediately before the whing. unles.e Banuwer and Lender othenvise agree in writin�, the wn�s securcxl by
<br /> this Securny lastrument shall t+e r�iuced by the amount of the procc�ds m�ltiplied by the following Praction: (a) the rotal
<br /> amount of the �ums secured imnwdi�tely before thc taking, dividod by (b) the f�ir m�rket value of the Property inmiadiateiy
<br /> befom. the ta�:ing. Any balance shall be paid to Borrow2r. In the event of a pani�l tul;ing of the Propeny in which the fair
<br /> mari:et value of the Property inunecli�tely before thc taking is tess than the anwunt of the sums securat imn�ediately befo:e the
<br /> taking, untess Banower and Lendcr otherwise agrce in writing or unless a�plicable taw otherwise Qrovides,the proceeds sha!!
<br /> be applied to the sunis secured by thic Securiry Inurument whether or not the sums are then due.
<br /> If the Property ic�buidoned by Borrow�er, or if,after notire by I.ender to Borrower that tbe candenuwr offers to mzke an
<br /> awurd or settle a clai►n fo� cl�rnages,Borrawer fails to respond to Lender within 30 days after the date the notice is given,
<br /> Le�der is auti�uri�:a wa�ro. �ct and:..�pl� the pr� �Is,ut its option.either to restoration or repaic of the Property or to the sums
<br /> secured by this Securi.}�Instiument. whether or not then due.
<br /> Ucdess I.ender and Borrower otherwise agree in writing, any applicatioa of proceeds to principal stiall not extend or
<br /> . postpone c°�e due date of the monthly paymentc referred to in paragr�phs 1 and 2 or chv►ge the arnount of such payments.
<br /> 11.Borrower Not Released;ForbexrAnce By Lender 1`ot a Walver. Exten;ian of the time for payment or modification
<br /> of amortization of the aunu secured by this Security Instrument granted by Lender to any successor in int�rest of Borrower shall
<br /> not operate to release tt�e liability of the original Sorrower or Borrower's successors in interest. l.ender shall not be req�ired to
<br /> commence proceedings against any suocessor in interest or refw�e to extend time for payment or otherwise modify arnortizaaon
<br /> of the sums secured by this Stxurity Insaurnent by reason oi'any demand made by the original Borrower or Borrower's
<br /> successon in interest. Any forbezr.uwe by Lender in exercisi�any right or remedy shall noi be a waiver of or preclude the
<br /> exercisr of any right or reme�iy.
<br /> 12. S�ecessorc aad Assigas Bound;.loint and Sever�! I.iabilIty; Caslgners. The coven�nts and agrecments af this
<br /> Securitv taurument shall bind an,� Dznefit the successors aix3 ssigac of Lender and Borrower, subject to the provisions of
<br /> paragr.�rLt 17. Borrower's coven�:�and agreemenu shall be juint and several. Any Burrower who co-signs this Sxurity
<br /> Itutrume�t but does uot execute the Note: (a) is co-signing Wis Sec�rity Iastrument only to mortg:�ge,gr�ant and convey that
<br /> Borrower's intercst ive the Property under the tcrms of this Socurity Instrumeat;(b)is not personally obligatod to pay the siunc
<br /> securod by this Suurity instiument:and(c)agrecs d�at i.ender�sd any other Borrower may agree to extend,modify,forbear or
<br /> malce ar►y-xcommodatioas with recard to the temu of this Security Instwnent or the Note wittwut tt�at Borrowu's consent.
<br /> �- � -�13.Loae CI�rYes.if the loan serured by this Security Iostrum�nt is subjcct to a!aw which sets maximum 1QSn charges,
<br /> and that law is finally interpreted so that the interest or othtr loan charges collxted or to be wllected in cotuuction with tht
<br /> loan exceed the pertnitted limiu. then: (a)�ny such loan charge shall be reduced by the amoant necesszry to raiva the charge
<br /> to the permitted limit: and(b)any sutr�s alteady collected from Borrower which exceeded pemtitted limits will be refunded to
<br /> Bomower. Ltnder may choose to m�lte this refund by reducing the principal owod under the Note or by making a diro�x
<br /> paymrnc to Borrower. If a refund roduces princl�al, the reduction will be treated as a partial prepnymeat withoui aay
<br /> ptep�yment chutge under the Nou.
<br /> 14.Noticrs.My notice to Borrower providod for in this Security Itutniment sh�ll be given by delivering it or by mailing
<br /> it by 6rst class mail unless zpplicable taw reqeires use of another meihod.77�notice sf�ll be directed to the Property Address
<br /> or any ott�er address Barrower designates by notice to Ixnder. Any notice to I.ender shall be given by fint class mail W
<br /> I.ender's�ddress siated hercin or any oti�er address Leatider designates by notice ta Borrawer. Any notice provided far in this
<br /> 5ecuaty Inu�umptt shall be deemed to have been given to Borrower or Lender when given as provided in this puagraph.
<br /> 15.Governiug Law; Sevaability. This Security Instrumtnt shall be governed b;� federal law and the law ofthe
<br /> jurisdiction in which the Property is located. 1n the event that any provision or clause of this Security Insirum�nt or the Note
<br /> conflicts with applicable lzw,such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> given effect without the wnflictic,g provision.To this end the�rovisionc of this Security Instrument�d the Nou�re doclund
<br /> to be severabie.
<br /> 16.Batower's Copy. Bonower shall be given one oonformod copy of the Note and of this Security Iristrument.
<br /> Fatm 3028 8J90
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