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<br /> � - paymcnta may no lon�er be roquirod,at thc oplion of Lendcr,if ma�t���e Insurw�ce rnvers�e(in tho anwuat and for the period
<br /> -_- �-- — ttw Lender roquirc�)Provided by an incurer approvad by Lcn�br ng�fn baomes pv�ilable�nd lo obtainod.Hormwer�II py
<br />--—_-- --_ — ihc premtums s�gaired to maintnln nt�age l�aaurance 4n effect.or tn p►rwide a Inxa rr_aerve,uruii �hs requirnmnt fer modea� _
<br /> inruro�ue encls in accor�ds�nce with any writreo a�reement betwan Bormwcr u�d L.cnder or applicable law.
<br /> 9. inopectioa. Lendcr or ils Agent may make rcasonnble r.ntrics upon and inspacNans of thc PropeRy. L.ender ahall Qive
<br /> Borrow�r notice at thc time af or prior to an inspaction cpocifyiny�reaconabic cause for the incpoction. •
<br /> � .. _ 10. Candanaatbn.The proceods oP any uward or rlaim fbr danwpea�. direct or co�sequential. in coru�octlon wlth pu►y
<br /> :�R: condemnation cx other wking af any part of the Property,or for conveyonca in liw of condcmnwtion. arc hercby et�i�nod siad �
<br /> .. ' �lwll be paid to Ixnder.
<br /> . !n the event of a rotal uiking af the Property,the proceeds shall be AppiieJ to tne sums secured by ihis Securlry Instrument.
<br /> - - ----��� whether ar not Ihen due, with any excess paid to Borrawer. !n thc event ot A part�ul tnking of the Propcny in which the fair -
<br /> -��""�����s market value of the Property immediutely bcfore the tuking is equal to or greAter thnn the amount af the sums securod by thio
<br /> , --�.�a�-��4�4.°�
<br />_. , Socurity lnstrument immedlotely before the ta�ing.unless Borrower s�nd I.ender otherwlse agree in writing,the sums securcd by
<br /> -"—=-� this Security Instrument shell be reducod by the umount of 1he proceeds multiplied by the following frection: (a) 1h�total -
<br /> -�-.�� amount of the sums secured immecifutely before the taking. divided by (b) the fair market value of the Property immedlntely
<br /> ----�'_�.,Y„
<br /> --- °'�' bcfore the taking. Any bdance shull be paid to Borrower. In the event ot a purtial taking of the Propeny in which the fair
<br /> ��'`",� market value of the Propedy irnmediutcly before the taking is less than the arnount of the sums securcd immediately beforo the
<br /> --tlx�,�.:y;� taking, unless Borrower and Lender atherwise agree in wrlting or unlesa applicuble law otherwise provldcs, �he procad�shall
<br /> .�ar��:.c.� be applied to tha sums secured by this Security Instrume�t whether or not the sums ure then due.
<br /> I"����"'�� 1f the Praperry ia abandoned by Borrowcr.or if,aftcr noticc by Lcndcr to Borrower tlwt thc rnndemnor offers to malce en -
<br /> _ �:s r���.•,:�x:_.nw
<br /> ° award or settle u claim for damages, Borrower fails ta respond to I.ender within 30 days nfter the date the notice is giver.,
<br /> '" LxnJer is autiw�i•r�xl lo cullcxt w�l H 1 th� r.xeeds,at its tioi�, aUher to restoretion or air af the Pr rt or to the sums -
<br /> `+ �i;+�;:=cj;�:=,;;o��'�; PP Y p oP �P � Y
<br /> _, ;.,.,;,..-�. ,.,,,,� secured by this Security Insltument.whether or not then due.
<br /> `. 7 �,����. : ��;.*ti• Unless L.ender and Borcower otherwise ugree in writing. any application �f prace.eds to principal shall not extend or
<br /> = *' •� postpone the due dute of the monthly payments referred to in parAgraphs I and 2 or change the amount of such payments.
<br /> � '.•�•. .��.�, 11.&�rrower Nat Releuscd; Forbearance By Lender Not e Woiver. Extension of thc time fo�payment or rnodiflrntion
<br /> V ; ;:-,;'�+ .�;,��• of amonizedon of the sums secured by this Security Instrument granted by I.endcr to any successor in irNerest of Borrower shall
<br /> •��-��' � not operate to mlcase the 8ubi liry of the originul Borrower or Borrower's successors in intercst.Lender shall not be rcquired to
<br /> _ � :��� .�<;`. ':� .;
<br />- - ` commence proceedings Against uny successor in interes[or refuse to eatend time for payment or otherwise modify amorti7ation
<br />';�, p ��� _ of the sums secured by this Sccurity Instrument by resison of any demand made by the o�iginal Borrower or Borrower's
<br /> � `� ' } �� � successc�r.s in 4ntere�t. Any forbearanct b}� Lender in e�ercising sn�� ridht or rertxdy she!!not bt a welver�f�r �►rexl��de the _
<br /> .,,�_.� .sdc�J..:ic�:,7�'._
<br /> , - ,-.-�:�".'•:.;e-:;k:� eaercir,e of any right or remedy.
<br /> '� m h`- ' `•• 12. Successons And Assigns Bound; Joint and Sevcral Llabllity;Casigners. 7'he covenants und agreements of this
<br /> � ," , Securiry Instrument shall bind and bencfit the successc�rs and nssigns of l.ender nnd B�rrower. subject to the provisians of
<br /> M ;� � • parngrnph 17. Borc�wer's covenants unJ Agreements shull be jaint and severul. Any Borrower who ca-signs thiK Securiry
<br /> Instrument but dces not cxecutc the Nute: (u) is c��-signing this Securiry Instn�ment only ta murtgage,grunt and convey thut
<br /> � `` '.�"' ' Borrower's interest in thc Propeny undcr thc terms of this Security Instrument;(b)is nnt personully obliguted to pay thc sums
<br /> �' ° ' • � , secured by this Security instrument;und(c)ugrees thut C.ender und uny other Borrower may u�ree to extend, modify,forbear or
<br /> `• � ' ;.��: make uny accomrnalations with regurd t�i�he terms of thi,Securiry Instrument or the Nate without thnt Borrawer's consent.
<br /> �• � . � . p•: 13. l.oan Charg�. If the loan sccurcd by this Scrurity Instrumcnt ix subject to u law wBich sets muximum loan chargcs,
<br /> �,: . --•_- �: :"�F; :�nd di�t I�w is finuliy irnerpr�teJ �u�ha�ihe iutei�.t ur uthcr laan �h;�rge,cullcct��J ur tu bc: �ollected ir�conncction with the -
<br /> , :._...,,� �• _ , .y;, luan exceed the permiued limits,then: (u)uny such loan churge shull be rcduced by the urnount necessury to reduce the charge
<br /> �. . •":';'�=��='��' � - to the permitted limir und(b) any sumY already collected from Borrower which exceeded permitted limits will be refunded to
<br /> .,'� - ,�+�,�-rir_x++�c.•••;�rr+� Borrower. l.erxler may chaise to mukc this refund by rcducing the prinrip•rl �iw�•ci under the Note or by �rwking u dtrect
<br /> " -�•;�. � payment to Borrower. If u refund reduces principal, thc rcduction will hc treutecl us a puhiul prepayment without any
<br /> ,� , �`• � ' prepayment chs►rge under the Notc.
<br /> .�'�a'�-� , . 14.Notices.Any notice to Burrowcr providal 1'or in thiti Securiry Imtrunxnt,h�ll Ik given by dclivering it or by nmiling
<br /> ' ' _ . it by first class mail unle�.ti applicuhle It�w reyuire�use��i'anuthrr mrthcxl.The n�ticr .hull be dirc�ted to the Property Address
<br /> v�`-
<br /> or nny other address Borrower designates by notice tii LenJcr. Any �xHicc a� l.endcr �hull he givcn by tirst clutis mail to
<br />��.� '=�. ' - , L.ender's nddress stntcd hcrcin or uny�ither s�ddrexs Lender dcsi�znute+ by nutice ti►Bo�rowcr. Any noticc provid�:d for in this
<br /> � '`-' "�� Securfty Instrument shall Ix Jeenx:d tn huve been given to Bonower ar Lender whcn given as proviJed in this purogruph.
<br /> . ` , ' . " 1, 1S.Governin�G Law; kversibility. 'Chis Sccurity Ins�rument .hall hc guvcrncJ by tedcral luw and the law uf the
<br /> �.•` �r,"° _ jurisdiction in which the Propeny is Icxuted. In tlu e�rnt thal uny �ruvi+i�m ��r rluus�of lhix Srrurity Inslrument or the Note
<br /> • -•._- - -. ., contlicts with upplicublc luw, tiuch canflirt�hull noi affect ulhcr provi+iun+ot'thi�Seruriry Instrument�ir the Nate whinc�an be
<br /> ' . • ,. given effect without thr cnnflicling pruvitiiun. To thi�e�xl the pruvisinn�nf thiti 5ecurily Intitrument and thr NMe ure declured
<br /> �
<br /> , � „ to be tieveruhle.
<br /> 16.Borrower'R Copy.Borrowcr shull Bc givcn onc conti�rnicd cu�y uf thc Notc and of this Sccuriry Instrumcnt. -
<br /> ` � Fam 3028 9I90 `
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