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<br /> pnym:rdy m;iy no lm��cr bc requi�ui,�it thc uptiun uf l..cndcr, if mojtgngc insurancc wvcragc(in ihc ur�naimt nnd f'or thc Nzdud i-:
<br /> that l.endcr rcquires)prc�vid�ci by un fnsur�r approvcd by I.endcr ngain bccomes avallaUlc und fs obtnincJ. Horrowcr shaU puy
<br /> zt�e prciniums reyulrcd ta maintaim m�rtgu�c insurnnce in effect,or to pravide u luss reserve,until the reyuirement for mortgnge j
<br /> insurn�icc cnds in accordancc wlth.uiy wrlucn iigrecmcnt hctwecn Eiarrawcr and Lcndcr or applicnblc law.
<br /> 9.l�u�xctlan. Lendcr ue its agcnt muy make rcusanablc cntriea�upon and inspcctions of tho Property. l.cnder shall give ,
<br /> Dorrawer notice at die time of or prior to un ius�ecdun specifying rensnnnble cause far the inspecti�n.
<br /> :n, r�;;.t.,....���,,.„, �p�„� �,rM,.,vta n�'nny nwHrd ar clnitta f�r tlnntuecs, direct ur cousequcntiut. in conncction wjth nny
<br /> rnn�emnatian or ather taking�f i�ny piirt of tlte PraTseny, or for conveyanee ia lltu of condemnution, nre hereby assigneci and
<br /> shall be paid to Lcndc�.
<br /> In thc event of u totul taking of thc Pro�x:rty,dte pr�x:ceda shnll lse a�plied to thc sums sccured by this Sccurity Instrament,
<br /> whcthcr or not tiien due, with any exccss p�id to Borrower. In thc event of u partia! taking of thc Property in whi�h thc fnir
<br /> murket vulue of the Property immediatcly bcforc thc taking is eyuul ta ar arentcr than thc umount af thc sunLS securcd by ti�is
<br /> Security Instrument immediately beforo the tnking,unless Borrowcr and Lcndcr�therwise agrcc ln writing, thc sums secured b� -
<br /> thls Security Instnm�ent shall be reduced by the amaunt of the praceeds multiplied by the follawing fraction: (a) thc total
<br /> mnount of the sums secueed fmmediatcly 6efore the taking, dividcd by (b)thc falr mnrket vulue of the Propeny immediutcly
<br /> before the taking. Any balancc shall be paid to Borrower. in the event of n partia! tuking of the Propeny in wUich the fuir
<br /> murket value of the Property immediatcfy before the taking is less thmi tlic amount of the sums secured immediately befora the
<br /> taking, unless aarrower and Lender otherwise ngrce in writing�r unless npplicablc law otherwist:provides,the procecds shall
<br /> b�applied to the sums securecl by this Security Insuvment whcther or not thc sums are then due.
<br /> Yf the Property is abandoned by Bonnwer,or if,ufter notice by L.ender to Borrower thut the cand�mnor oftiers to muke an
<br /> uward or settle a clnim for damages, Borrower falls to respond to Lender wlthin 30 days after the date the not{ce is �iven,
<br /> l.ender ie authorized to collect and apply the�roceeds,at it�option,either to resto��ation or repair of the Prnperty or to the swns
<br /> secured by this Security Instrument,whoti�er or not then due.
<br /> Unless I.ender and Boirower othcrwise ugree in writing, nny npplicution of praccecls to principal shall nat extend or
<br /> postponc the duc date of the monthly puyments referred to in paragraphs I and 2 or cl�nnge the amount of such payment�.
<br /> il.Horrower Not Released;Forbeatance By Lend�r Not w�VAIWer.Extension of the tiine for payment or modification
<br /> of amortiaation of the sums secured by this Security Instrument grttnted by I.ender to nny successor in interest of Borrawer shall '
<br /> �nat operate to rclease thc liability of the original Aorrowcr or Borrower's successars in interest.Lender shall not be rcquired to
<br /> commence�rocee�iings Against uny successor in interest or refuse to extend time for payment or otherwise modify amortizatIon
<br /> �F r�P ��s,� �urM1 My �I,i� �c�rity Ins�rument by rcason af nny dcmand n�ade by thc ori�inal Borrower ar Borrowcr's
<br /> successors in interest. Any farbearance by Lender in exercising any right or remedy shall nut be n waiver of or preclude the
<br /> cxercise of any right or remedy.
<br /> !2. Succes�rs and Assigns Bound;Jolnt and Several Lfabit[ty; Co-signers. The covc,nants and agreements of thi�
<br /> Secudty Instn�ment shall bind and benefit the successors and ussigns of I.ender and Honower. subject to du provisions ofF
<br /> paragraph 17. Barrower's covenants and agnxments shall be joint and several. Any Borrower who co-signs this Socurity
<br /> Instcument but dces not execute the Note: (a) Is co-signing this Security Instcument only to rtbrtgage. grant und convey that
<br /> Borrower's irtterest in thc Property under the terms of this Securlry Instrument; (b)is not personally obligated to pay the oums
<br /> sesured by tl�is Socurity instn�ment;and(c)�►grees that Lender and any other Borrower may agrx to exics:,mcdify,forb�r or
<br /> makt any acco�titinodcmions with regard to the terms of this Sexurity Instrument or the Note witl�out that Borrower's consent.
<br /> X3.I.wn Clu►rges. If the laan secured by this Security[nstrument is subjeu to a law which sets maximum loan c�arges,
<br /> nnd that law is finally interpreted so that the Interest ar other loan charges collecteci or to be collectod in conncction with the
<br /> loan excad the permitted limits,then: (a)any such loan charge shall be raluced by the arcrount n�cessary tn roduco the chugo
<br /> to the permittal limit;and(b)any sums already collected f'rom Borrower which exceedal permittetl ii�nits wiU be refundod to
<br /> Aorrauvtr. L.ender may choose so make this refund by roducing the principal owtd under the 1Vote or by making a diroct
<br /> payment ta Borcower. If a cefund reduces princIpal. thc rcduction will be treatod as u partial prepayment without any
<br /> ' prepnyment charge under tl►e Note.
<br /> 14.Notkes.Any notice to Borrower providcd for in this Security insuumcnt shall be given by delivering it or by mailing
<br /> ir py tirst c'tuss maii unless a�licahle!aw rec�uires usc of unothcr methuii.ThC�wti��iinil i,e J��a:tcxi W iia?.�pc;iy r'.ddrws
<br /> or any other address Borrower designate.g by nntice to Lender. Any notice to I.ender sh•all be giveu by first class mail to
<br /> [.enct�r's address statod lierein or any other address I.ender desi�nates by notice to Borrower. Any notice provided for in thes
<br /> Security Instcument shall be dcemed to have bcen given to Banower or Lender when given as providod in this pxragraph.
<br /> 15.Governing Ia►w; Severabllity. 7'his Security Instrument shall be govemcd by federal luw and thc law of thc
<br /> ; jurisdiction in wbich the Property is lacated. In the cvent that any provision or clause of this Security Instrument or the Noto �
<br /> conflicts with appliczsblc law, such conflict shall not affect other provisior�s of this Se�:urity Instcument or the Note which can be �
<br /> , given cffe�:t without tl�e conflicting provision. To t1ils cnd the pnwisions of this Secur.iry Instrument znd thc notc nrc declared �
<br /> to be scverable.
<br /> : 16.Borrowcr's Copy.Borrowcr s6;ill be givcn one conformcd copy of the Note and of this Seeijrity Instrumeat. �
<br /> Form 3028 9l90 �
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