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<br />� 96- �.0��.36 � --.
<br /> payments may no longer be c�quired.at che optian of Lender.if mortgage insurance rnverage Ein the amount artd fur the period � ���,
<br /> � that Lender requir�}provided by an in,urer approved by Lender again becomes available and is obtained.Borrower shall pay ':�:'•�' '��`��
<br />; i the precaiiums required ta mauitain mongage insurance in effect.or to provide a lass reserve,until tlie requirement for mortgage �� °
<br /> � insurance ertds in accordance with any written agreement between Eorrower and Lender or applicable law. �-..� s;.��'
<br /> �� 9. Ins�ecttoa. Le�er or its agent may make reasonablc entries npon arad inspections of the Property. Lender sh�ll give � •E � �
<br /> Borrower aotire at the time of or prior to an inspertion specifying reasonable cause for tt�e inspection. ` � •
<br />� 10. Coademnattora. The procerds of any award or claim for damages, direct or rnnsequential. in cannecrion with any - , ..
<br /> wademnation or other taking of any part of the Property.or for conveyance in lieu of condemnation. are herefsy assigncd and .�:::<<::,
<br /> -•� shall be paid to Lender. '"
<br /> In the event of a total takins of the Propeny,the proceeds shall be applied to the sums secured by this 3ecurity Instrument. �� ��.����� ;
<br /> — vrhether or not then due, with any exoesy paiJ ta Borrower. In the event of a partial taking of the Frope�ty ia w�hich Ehe fair °..�. �`�```�`�-'--'
<br /> � �_-.�.s� ----�..
<br /> mar;cet value of the Propecty immediatcly before the taking is equal to or greater than the amount of the sums secured by this �"'�!'�,z �
<br /> S�curity Instniment immediutely before the taking.unless IIorcower and Lender otherwise agee in wriong,the sums secured by �
<br /> this Secur_+ty Iasnumeni shall be reduced by the amount of the prry�..,�e3s multiplied by the f�Jb_;.ving fraction: (a) the total �• .�"�"
<br /> ..ir":?���:
<br /> amount of the sams secured immediately befaIIe the taking. dividei;�:x%'�) the fair market v�,:��:i the Prape..Y immediaz�d-4 � , .s,':
<br /> }�•,.
<br /> I�e:^re the tasiag. Any balutce shall be paid to�erro�kt�. L un•�,•�:of a parria� •3ki�g es�;�Q Pioaerty II. w'�sch the ::�- "�'•�"%�.%.,`�'�
<br /> � ,•..
<br /> �mte'sa;.:.-.s.�°.�:�Property ir�nmediately befare�tz r..�j;iTit'3�'15 1��55 51�._+iZi 2tliC�.t�l`�i?��'.iliL�j1:..'ti.'s�IIiIIR�IIc�'f�2fCa�..(L'Y� •�1�1J 1 ti=
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<br /> �;ss,, --�;r�,uci;rss T�..�::wer��.ender othe�.r�ag.roe 2 u--2!i-�,,�,:r:���.t,.�l:�:e L:��e�ras�.:p�vides. t�:rr���:�*l�`. .< ��`'`i��;�,:_
<br /> ' ;x:�12d rn�6e�s=.-��.�5y��,is s�.V�.m..�:F'��r 6r m�>r�s.�s.�.�-�i:r���a:c. ��`�,;:� �'�r
<br /> If the Property is a���d by Sorrower.or e€, rr....
<br /> `f� ati:�.--:,rice by Lender to tis���e-''_�t c.�e�:r±tiemr�r:aas��:.��lc.z.+.Q ��'•� "
<br /> au�•.rrd or settle a claim fac damages. Borrower faiis t� r3-pond to Lender wi8un��ays after the date dL� m�;,e is given.
<br />_-- �der is authorized to coltezt and apply[he pruceeds,at iu opiion,either to iestoration or repair of ths PropeY�y or to the sums '�',�: _
<br /> secured by this Security Insnvment,whether or not thea due. � �'�'y �
<br /> � Unless Lender and Sorrower othenvise agrce in writing, any application af proceeds to principal shalf not extead or ' � �
<br /> :'� postQone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of suci�payments. ;,,,1,,���-;'� °
<br /> 11.Borrower Not Released;Fatbearance By Lender NoY a Waiver.Extension of the time for payment or modification ° ��:=''_- _
<br /> �,� of amortiiation of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shull - -
<br /> •'� not operate to release the liability of the original Borrawer or B�rro�ver's successors in intere+t. Leader shall not be requir�d ta ``�•`� "`.
<br /> rnmmence praceedings against any successor in ii►terest ar refu�ta extend time for payment or othenvise modify amotiization '.�_
<br /> � of the sums secureA by this Security Irutrument by reason of any demand made by the original Barrower or �orrower's
<br /> succcssars in interest. Any forbearance by lxndcr in exercising any right or mmedy shall not be a waieer of ot ptcclude the �,•�-'
<br />� exercise of s�ny right or remedy. �.,�.
<br />. 12. Snccrssors aad Assl�ns Bmand; doint and Several Liability: Co-sl�ners. The wvenants and agrexment5 af this �� :,„,.�.,.,�_
<br /> Securiry Insuument shnll bind and benefit the successors and assigns of Lender and Borrower, subject to tha gmvisions of �_„'�'��
<br />` pFUagraph 17. Sorrou��r's covenants and agreementa shall be joint and several. Any Borrower who co-signs this Security �! �'�"��-
<br /> ' In�ment but does not executct the Note: (a) is co-signi�g this Securiry Iastcument only to mongage. grant and convey that r+ -
<br /> � Boaower's interest dn thu Praperty under the terms of this Security Instrument;(b)is not persanally obligated to pay the sums ��,�� _
<br /> • � secumd by this Securiry Insuument;and(c)agrees that Lender and any other Borrowec may agree to extend,modify.forbear or —___-
<br /> make any accommadations with regard to the temts of thi�Securiry Instrument or the Note without that Borroaer's consent. r�-. �'�^��~�°
<br /> 13.Loan Charg�.If the loan secured by this Securiry Insnvment is subj�to a law which sets maximum toan charges, ,._,. ...•
<br /> an�d that law is finally inte�:ted so that the interest a6 other loan charges colf�or to be collected in cann�ction with the :Ht ,,��w�_
<br /> � loan exceed the permitted t�m�a'rts.then: (a)any such Ioa��charge shall be reduced 1��:i�tie amount necessary t�c+r�.�lce the charge ,._..,:•.
<br /> i? from Borrower which ec�e�ed limits will be refunded to ��y.
<br /> . to che pemutted lurut:and(b}any sums�tready co �3 per�mtted ����
<br /> Borrower. Lender may chaose to make ttais refu.^_d ty reducing the principal ow„d under t�.+�fvote or by making a direrd
<br /> • �ayment to Bonower. If � refund reduces princi�s:_ �e reduction will be tn�ted as a partial prepagr.aurnt without any • --•. �,=
<br /> �:�ayment charge under i"rv iYote. ��;:: • ' •
<br /> 14.PJotices.Any noiice to Borrower provided for in this Security Instnur,eu shall be given by deliverir.g it or by mailing �,�•��- �`
<br /> it by first c:tu�mail unless applicable law requires use of another r.�echod.The notice shal!be directed to the Property Ac'�t�s [�
<br /> or any c�x�r:�;dress Borrower designatrs by notice to Lender. A:y notice to i.ender shall be given by first dass m�pi.n .�,?"`��,`.-
<br /> Lender's address stated 6erein or any other address Lender dcsignates by notia°,to Bflrrower. Any notice prdvided for in�.`.;s =-_��
<br /> ' S�ecuriry Instrument shall be deemed to have been given ta Borrower or Lertder�'hen�iven as provided in this�c,�graph. sf''�"`
<br /> . 1S.Goveming Law; Severability. This Security Instrument shall be govemed by federal law and the law of the �` ���'
<br /> . jurisdiction in which the Property is lopted. In the event that any�rovision or clause of this�.,urity Instrument or the P:cte ��„_
<br /> , eonflicts with applicabte law,sach conflict shull not affect other provisions of this Security instn:ment or the Nate which can be _-_ ---
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Nate are declared —""
<br /> � � tobeseverable. ��"'��`�
<br /> • 16.Borra�rer's Copy.Borrower shall be given one conformed copy of the Note and of thIs Secvriry Instrument. �__ , __--
<br /> • Form 3028 9/90 ���!..-±�:-
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