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<br /> payments mey no tongcr bc rcquircd, at thc opuon o!l.endcr,if mortgagc insurnncc covcragc(in thc amount und for tlic period ' '�--
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<br /> that l.cnder rcquires)provi�cd by an insurcr upprovcd by Lcndcr again bccomes availnblc and is abtained.Barrower shall pay[he �;:,
<br /> premlums requlred to maintain mortgage insurance in effect,or to provide a loss reserve, unpl the requirement for mortgnge , "�'f ;•;
<br /> ' insurancc cncls in accorclancc with any writtcn ngrccmcnt bctwccn Horrowcr and Lcndcr or applicablc law. t"'9 � �
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<br /> 9.Inspection. i.ender or its agent mey make reasonable entries upon end inspecpons of the Praperty. I.cnder shall givc �� � ����
<br /> Borrowcr noucc at thc umc of or prior to an inspecuon spccifying rcasonablc causc for thc inspccUon. ( � _,:`•�_:�.
<br /> 10.Condemnation. The procce•,ds of any award or claim for darnages, d'uect or consequenpal, in connecuon with any ;,,ti.:_'-�
<br /> condemnauon or other taking of any part of th�Property,or for conveyance in lieu of condemnauon,are hereby assigned and � � �'���
<br /> shali bc paid to I.cndcr. p ° -
<br /> In the cvent of a total taking of the Property,thc procceds shell be applied to thc sums sccurcd by this Security Inswmcnt, � _ - -�- -
<br /> whether or not thcn due,with any cxcess paid to Borrowcr.In thc cvent of a partial taking of thc Property in which the fair marret N
<br /> value of the Property immediatcly before the taking is equal to or greater than the amaunt of the sums secured by this Security C� �
<br /> � Instrument immediatcly beforc thc takin�,unlcss Borrowcr and Lender otherwise agrcc in writing, thc sums secured by this
<br /> Security Instrument shall bc roduced by thc amount of the proceeds multiplied by thc following frACtion:(a)the total amount of
<br /> the sums securcd immediately before the taking, divided by (b) the fair market value of the Property immediately before thc
<br /> taking.Any balance shall be paid to Borrower. In the event of a partial taking of the Propeny in wtuch the fair market value of the '_'`
<br /> Property immuGately before the taking is less than the amount of the sums secureci immeciiately betore the taking, unless j -
<br /> Borrowcr and Lender otherwise agrcc in wridng or unlcss applicablc law otherwisc providcs.the procceds shall bc applicd to the I .
<br /> sums secured by this Security Instrument whether or not the sums are then due,
<br /> If the Property is abandoned by Borrower,or if,after notic;c;by Lender to Borrower that the condcmnor offers to make an � �
<br /> � award or seule a claim for damages,Borrower fails to respond to I.ender within 30 days after the date the nodce is given,L.ender `_
<br /> is authorized to collect arid apply thc procecds,at its opuon,cithcr to restorauon or rcpair of thc Property or to ihc sums sccured I �:;S-_
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<br /> � by this Security Instrument,whether or not dicn due. �`" -
<br /> Unless Lender and Barrower otherwise agree in writing,any applicapon of proceeds to principal shall not extend or postpone •tt��:�
<br /> the duc date of the monthly payments refeacd to in paragraphs 1 and 2 or chunge the amount of such payments. _ ��
<br /> � 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the timc for payment or madificution •"� •�,
<br /> � of tunortizadon of the sums secured by this Security Inshument�ranted by Lender W any successor in interest of Borrower shall �,--
<br /> nat aperate,ta rel�, il��Iiabilit-y of tfi�arigina��orrow�r or�arrov;er's succe,ssors is intcr��Lend�r shaU aat ix,r�uir�tt io -_'-_ —_ ��-"°�
<br /> �. commence proceedin�s against any successor in interest or refuse to extend dme for payment or othenvise modify amonuadon of � ".�'
<br /> � the sums secured by thLs Security Inswment by reason of any demand made by the original Boaower or Boaower's successors . �, '��.
<br /> in interest. Any forbearanca by I,ender in �xercising any right or remedy shall not be a waiver of or preclude the exercise of any ��'. .
<br /> � right or remedy. �"�;'`
<br /> i 12.Successors and Assigns Bound;Jolnt and Several Llabitity; Co-signers. 'fhe covenants and agrecments of this ��
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Aonower, subject to the provisions of ;,
<br /> paragraph 17. Bonower's covenants and agreemenls shaU be joint and sevcral. Any Bonower who co-signs ihis Security
<br /> Instrument but does not execute the Note:(a) is co-si nin Ihis Securit Instrument onl to mort a e, rant and conve that �'��� �. -
<br /> b B Y Y B b' 8 Y ��•�wir:• :�•a
<br /> Borrower's interest in the Property under ihe terms of this Sccurity Inswment; (b)is not personally obligateci to pay thc sums i��• �
<br /> � secured by this Security Instrument;and(c)agrecs that Lender and any other Boaower muy agree to extend,modify,forbear or •�'�!+:�-�`:L:
<br /> make any accommodadons with regard to the terms of this Security Insirument or the Note without that Boaower's consenG �
<br /> i 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, ��,�;;a- _
<br /> � and thut law is Cuially inte.rpreted so that the interrst or other loan charges collected or to be coliected in connecdon with thc loan ;�-.��_�• _
<br /> � exceed tl�e permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the •�';�'°.__
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<br /> permiued limit;and(b)any sums already collectcd from Borrowcr which cxcccdcd permitted limits will bc refundcd to Borrower. .,;...r� ;~
<br /> 1 Lender may choose to make this refund by reducing the principal owed under the Note or by meking a d'uect paymer.t to �"��,�'
<br /> Bonower. If a refund reduces principal, thc reducpon will be ueated as a partial prepayment without any prepayment cha�•ge '-T���=�
<br /> � undcr thc Notc. .''"
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<br /> 14.Notices. Any noticc to Borrawer provided for in this Sccurity Instrument shall be given by deliverin�it or by mailing it . ' �,�.
<br /> by first class mail unlrss applicable law rcquires usc of another method.The noticc shall be d'uccted to the Property Address or , � � ,�,.
<br /> any othcr address Bonower designates by nodcc to Lender. Any noticc to Lcndcr shall bc given by first class mail to Lcnder's , � �
<br /> adciress stated hcrein or any othcr address Lcndcr designates by notice to Borrower. Any notice provided for in this Security •
<br /> i Instrument shull be deemed to have becn givcn to Borrower or Lcnder when given as providcci in this paragraph.
<br /> � 15.Governing Law;Severability. Triis Security Instrumcnt shall bc govcmed by fedcral law and thc law of thc
<br /> � jurisdicpon in which the F'roperty is located. In the event that any provision or clause of this Security Instrument or the Note
<br /> , conflicis with app!icable law, such conllict shall not affect other provisions of this Security Instrument or the Note which can be f
<br /> � given effect without the conflicting provision. 1'o this end the provisions of this Security Instrument and the Note are declared to �
<br /> � bc severable. �
<br /> Form 3028 9/90
<br /> �O•eV(NE)tez�z�.o� Pnga 4 0l B Imi�a16: ..
<br /> 793-4
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