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<br /> paymcnts may no lang�r be rcquirecl,at the aptiun of'Lerxier. if mongagc insurancc covcrege(in�h moueit Rnd tiir the perial
<br /> thc!1•ce��-�r rr.nrires) prnvide�l hy nn in,!irer r.nprovesl by Ln�xler enain F�ecomes nvi�ilal�lc and Is =►bml�xcl. Aorniwer shall rx�y
<br /> th�premiums requircd ta rnaintain nwrtgage insurance In effect,or to pravfdc n loss reservc, until thc requirenxnt for mortgage
<br /> insurnncc enJs in occotYlance with uny written ugreeme�tit between Bc�rrower und Lxrxler or app8cflbie Inw.
<br /> 9.Inspectton, l.eixlcr ur its agent may make reascjnable entries u}x�n ar�d inspections oi thc Propc�ty. Lt►xier shull give
<br /> Borcowcr notico at the dme of or prior to an inspection spocifying reasonable cause f�r the inspatian.
<br /> 10. Contkmn�t[on. The procee�is of nny awurd or claim tor daraiages, d's�ect or consequenti�l, in cont�ection with uny
<br /> condemn�tion or other tnking of any part of�he �'roperty,or for co�iveyance in licu of condemnation, are hcreby wsignai and
<br /> shal!be paid to Leixicr.
<br /> In the event af a total taking of the Propei�ty,the proceeds st►all be applied to the sums scxured by this Secucfty Instrur►xnt,
<br /> whether or not then due, with any excess paid to Bomower. In the event of a partial taking of ttir.Property in which the fair
<br /> market value of tho Property immediately befarc the taking is equal to or greater than the amount of the sums secured by this
<br /> Security Instrurnent im►nediately before the taking.untess 13orrower and Lendcr otherwise agrce in writing, thc sums securod by
<br /> this Security Instrument shall be reduced by the amount of the proceods multipliod by the following fnrctior�: (a) the tow!
<br /> amount uf ii�e sumy scx:uiui iuwkxiiatciy fxfure f�te taiang, diviu�;by (6) ti�e fxir�nurket value uf tl►e fi.�jk�iy iitiiu�;iuiely ,
<br /> before tlie taking. Any balance shali be paid to Bonower. In the event of a partiul talang of the Property in which Ihe fuir
<br /> markclt value of the Ptoperty imme�iately befarc the taking is less than thc amaunt of tha Fums se�ured immediately bCforc the
<br /> takina, unless Borrowcr und I.ender otherwisc agree in writing ur unless applicable law otl�erwise provides. the procecds shall
<br /> be applied to the sums socured by this Security Instmrnent whethcr or not thc sums are then due.
<br /> If the Property is abandoned by Barrower,or if,after notice by Lender to Borc�ower that the c,��xlk.�mnor offers to mai:e an
<br /> nwa��t or settle a claim for damages, Borrawer fails to rcs�wnd to Lender within 30 days after the date the notic� is given,
<br /> Lenc�ea'is authoriz�d to collect and.�ply the proceeds,at its o��c'sun,either to restmadon or repair af the Properry or to the sums
<br /> secured by thfs Se:.urity Instrumenc.whether ox not thcn duc.
<br /> Unlcss Lcnder aand Borrower otherwise a��e in wdting, any application of proceeds ro priqcipa{ shalt not extend or
<br /> postpone the dua dl'r�af the monthly�yment�►r•�erred to in paragraphs 1 oud 2 or change the ar.:�unt t;f such payments.
<br /> �i.a°i'vtiviici��oi ncic'w8cu'' i cwiwTii.c n"icTia�icr a�Tan i ii�wi� .ii'ntc'ilSl'vif Gi• ''�' -
<br /> i J c 2iBic f�i �ij�ii�c�v7 nNU►i�u'iti3i
<br /> of a�ry,�iaation of the sums seturai by this Sa:urity Instrument granted by Lender to any qa�cessor in interest of Bom�Mrtr siull
<br /> not o�er,ite to release the liability of the original Borrower or Borrower's successors in tL;;crst.Le�rier shall not be:xquira!to
<br /> ,.cc►minGnci:proaeclings against any successor ba?untsrest or_refusc to extend time for payment or othe►wix modify anwrti»tion
<br /> . of the��yums securod by this Security Instruna�n� �Dy res�son of any dem� made by the origiml�c�tower or Borrowar's
<br /> � succxs�ii�➢n interat. Any farbear3nce by [.ender in exemis6.r,g any right ar remedy st�7�,1:R+ot be a wa:,�:ix•of or pnecludc d►s
<br /> exerGis�o:i►f any dght or remedy. ' � � � �
<br /> 12. Successor� and Assigns Uound; aoi�e �a s���,��.IabUity; Co-signers. TAe covenants cnct agroements of shis
<br /> trrnnty inctn�ment�►�An h�r,� :�nA Iwnrfit t�tP succeasors and assigns of i.ender and Borrower, subject to the provision: u:
<br /> paragrapb I7. Sorr�,uer's wve�u�uts a�xi agranxnts shall be joint end several. Any Borrower who co-signs this Sccusity
<br /> Instru��nt but does not execute the Note: (a) is co-signing this Security Insttutr�nt only to mcrtgage,grant and uonvey thu
<br /> Borrower's interest in ihe Propeny und�r the term.o of this Securiry Instn�mant;(b)is not personally obligatal to piy the a�um
<br /> securod by this Security instrument;and(c)agrecs that Lender and any other Borrower may agrte to extend,modity,forbear or
<br /> make any accommodations with regsud to the temts of thi�Security Iiutrument or the fdotc wit�►out tlwt$xrower.'s constnt.
<br /> 13.I.osn Cb�es.If the loan secur«3 b}ch:is Security Instrument is subject to a law which setc �ximum loxn ch�rg�s.
<br /> and that law is finalty interpreta!so ttu�t the e�tare,51 or other!oan charges:eollcctod or to be collecte�Sn•coru�ection with the
<br /> loa�excoat the petmatted limits.then: (a)any such loan chat,�e shall be reduced by the�mount rxtxssary Lo toduct rt�t►e eharge
<br /> to tfie pei�nitted'limit; and(t+)a�ry sums already collected frarri�orrower which exceedxl�mureed iimits wlll be rd�'unded to
<br /> Borrower, ixnder may choase to malce this refund by redua��g the pr�z�cipal awed :i�es- the Note. �or by making a di�ect
<br /> payrrxnt to Bomvw�er. If u refund roduces principal. the reducdon wall s}x ���� � a putia! �z5payment wtthout any
<br /> prcpayment charge xridcr the Note. . . ,
<br /> l,i.�Ndias. Any notice to Lbr►�wer provided for in this Spcurity Instrume�t s6alt tar�,��ven by�f�ivering 9t c�t�u mailing
<br /> it by first clus mail unless eppliu-�tb��a law requires use of anor.'�er methad.Ttie notice sf�uld:hie directed,�to ttu Pro�s�i,'�'ty.'Add�+ess
<br /> or any otht.r add�as Borrowcr 4'lsj�iates by notice to Leixier. Any notice to Lender �s?iall be gi►•w�by fint cl�.ss m�ll to
<br /> Lender's addras stated hercin or any c>ther�dw•r�ss Lender d�ignates by notia to Horrowor.Any�:xuce providod for in this '
<br />- Socurity Instrumont shaU be deemed to have Gc�f,�iven to Aorrower or Lcnder when givenas providod i•n this paragraPh.
<br />= 1lS.Governt� I.wK; SeverAbOity. This Security LLStnrment Ehall be governec�. Gr;y federal !aw and the +1aw of the
<br />� jnris�4xion in which the Property:s located. in ths event that any provision or cIaase ofih3s Securiry Insizt►mene c�r�the Note
<br />" contlicrs with applicable(aw.such eonflict shall nnt affect other provisions of this Security Instturtient or the Note which can 1�
<br /> given effoct without the conilicting provisian. To this end the provisions of this Socurity Instiument ard the Naxe aro dec!•,�ral
<br /> to be sevcrable. �
<br />?� '' ' 16.Bormwer's Copy.BanoWer shall be given one conforme�copy of the Note and of this 5c.curity tnstiument.
<br /> Form 3028 9l90
<br /> v.n.so�s
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