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<br /> payments mAy no longer be required,at the opdon o!Lertder,if mortgnge insurunce covert�qe(in the umount and for the period ,. �
<br /> that l.ender rcquires)providcd by un insurcr upprovcd by l.cnder agnie�becomes nv�ilutsle�nd is obtsslned.Horrowcr shall pay thc
<br /> l prcmiums rcqui�ed ta mainiain mortgagc insurance in effcct, or to providc a loss ressrve,until thc rcquircment for mortguge ; -
<br /> f lnsurnnce ends in acccrdunce with any written ngreement be�veen Dorrowcr and l.cndcr or appli�;nblc law.
<br /> 9.�nspection. l.cndcr or its agcnt may make rcasonable cntrir.� upcm a�id 'uispc;cuo�►s uf tiie P�ope�ty. Lender si�all give
<br /> � Borrower n�tice at tho dme of or prior to an inspection specifying reasonable cau.so for the lnspocflon. �
<br /> - . .I 10.Con�demn4tbn. 71ie proceeds of any award or claim for dsu�ages, direct �r consequentiaal, in connection with any
<br /> condemnaslon or othcr tnking of uny pttrt of thc Property,or for convcyunce ir►IIeu of condemnatIon,are hcrchy assigncd and
<br /> ' I shel!6e paid to Lcndcr. . � , •_
<br /> 1 1n tha event of n totul taking of the Property,the procccds shsll bc appUcd to thc sams sccured by this Securlty Instrument,
<br /> whether or not then due,with eny excess paid to Borrower.In the event of a partiul tnking of U►e Froperty Li wl►ich the fair meeket
<br /> value of tha Prop�ty immediately before Ihe taking is equal to or greater than the�nount of the sums socured by this Sauriry �
<br /> Instrument immsdlat°ly before the tel�ng,tuiless Borrower and Leader otherwlse agrec in wr�ting, the sums secured by tlus .
<br /> ' Securi¢y Instrument shall be rednced by the amount of t�o proceeds muldplied by the following fracdon:(a)Ihe total nmount of �� ._-`""°''�"
<br /> ' the sums secured immediately before the taking, divide,cl by (b)the fair mazke►value of the Property immediatx:ly beforo thc ''•'••;";�"�`
<br /> ' ':f'Pra..�.�ic�'��.
<br /> . taking.My batance shell be paid w Dorrc�wer.In the event of a partisil taking af the Property In wirich the fuir market value of the : .��;:--�-_�
<br /> Property immediatcly �efore the taik6►g is less than dic amount of thc sums secured immedlately before U�e taking, unless � �• �
<br /> "' . Boaower and Lender otherwise agree In writing or unless applicable law othenvise provides,the proceeds shall be npplied w the =_ _
<br /> , sums secured by ti�is Security Instruument whether ur not the sums are then due. • . __
<br /> , If thE Propeaty is abandoned by Borrower,or if,after notice by Leaider w Borrower that the condemnor offers to mnkc an �`�°
<br /> ' awatd or setile a claim for damages.Borrowcr faiLs to respond W Lender wlthin 30 days after the date the nntis;e is givcn,Lender ;;�� �'
<br /> is authorized to caAect end s3pply the prot;eeds.at its opdon,cither to restoration or repair of die Property or to the swns secured _---_ _
<br /> . f by d�Ls Sccurity Instrument,whether arnotthen due.
<br /> Unless I.ender and Sonower athcrnise agree ir writins,nny appli�cadon of proceeds to principal shall not extend or postpnne •��a�
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<br /> • the due date of the monthly payments referred w in paragraphs Il and 2 or change the amount of such payments. � 5 �-: _
<br /> ��' il.Borrowu Not Rekused;Forbwrance By x.ender Not o Waiver. Extenalon of the tima for payment or moditicsti�n ;' `�'�
<br /> ' ` of amor�ation of the sums secured by this Security Instmment granted by Lender w any successor in interest of Borrowu shall �
<br /> �_ not operate w release the liability of the original Borrower or Borrower's succrssors in interes�I.endcr shall nat be required to ��_,+�. �
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<br /> '' commenco pmceedings against any successor in intemst or refuse to extend pme fur payment or otherwise rnodiFy�noKizadon of �
<br /> w ihe sums secured by this Security Instcument by reaspn of any demand made by the original Borrower or Bozrower's successors .,
<br />' � in interes�Any forbearance by Lender in exercising Fu►y right or remedy shall not be n waiver of or preclude tha eacrcise of any '�"
<br /> �.. dght or remedy.
<br /> '��• 12.Sucecc.csors and Assigns Bound;Joint and Several Liabii[ty;Castgners. 'Ihe covenants and agreements of this •
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<br /> . �':.r;'';;"` Security Instrurnent shall bind and benefit Une succe.ssors and assigns of Lender and k3nrrower, subject to tha provisions of ' � t
<br /> • � paragaph 17. Botrower's covenan4s ercd agreements shall be joint and several. Any Borrower who co-signs this Se�urity
<br /> In�,:ment but daes not eaecuu the Note: (a) is co-signing this Security Instnunent only w mortgnge,grant and convey that 4 �,
<br />'�- Borrowu's inurest in the Propaty ander the tr�rms of this Security Instnunen�(b)is not personally obligated w pay rha sums
<br />-� secured by Ihis Securi�y Instrwneat;and (c)agrees thai Lender and any other Borrowe.r may agree t�extead.rnodffy,forbear or r._ '
<br /> ° make any accommodations with regard to thc terms of ti�is Securiry Instrumcru ar tha Note without that Bonowei's consent _;,Y;;=
<br /> ��" ' 13.Lflun Charges. If the loan sccurcd by this Security Instrument is subject to a law which sets maaimum loan charges, `
<br />;�;�; � - and that law is finatly inte.tpreted so that the interest or other loan charges oollected or to be oollected in connecdon wid�the k�ar► �`•.�'
<br />?�•r r -���; exc.eed the pumiued limits.then:(a)eny such loan charge shall be reduced by the s�ount noce,ssary to reduce the charge w the 1''
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<br /> ' , �miued limit;and(b)any swns already eollected fmm Borrawer which exceedod pemiiued li�nits wlll be refunded w Borrow�r. �;:
<br /> . Lender may c,�nose W mafce this ref�nd by reducing the principal owe<D under the Note or by making a direct payment io -
<br />- H�aower. If a rofund reduces principal, the redaction vrill be treated as a p�lydal prepaymertt without eny prepayment charge —_
<br /> _'" undar the Note. -..--�--------
<br /> � .. � �'�` 14.Notices. My nodce to Horrower provided for a�this Socurity Instrument shall be�iven by delivering it or by mailing it
<br /> --- , � by first cla�s mail unless eppllcable law rcquires use of another method.The nodccs shall be directed to the Prqpe�ty Address or -
<br /> _ ,,, any atficr address Bonrowe,r designates by notice to I.ender.My notice to I.ender shsrll be givcn by fust class mail w Lcnder's ' �--•
<br /> � address stated hecein or any other adMe,s Y.ender designates by nodce to Borrow2r. My nodce provtded for in this Security -___ "
<br />��l,~. � �• � Insuument shall be dee�ne�l¢o?�ave been given to Borro�ver or Lender when given as provided in this patag�aph. .��.:��:�-,
<br />=- ' 15.Governin�Law;�verability. 'Itiis Security Insmmzent shall be govemed by fedcrel law and the law of the fr`�:.:
<br /> � � jurisdiction in which the Property is located. In the event that nny grovision or clnuse of this Security Instrument or theNmie ����• �: -�i°-��
<br /> � .. conflicts witi�o Ucable luw,such conflict shall not af�ect other rovisions of this Sec�ui Insuument or the Nota which can be �r"`��
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<br /> �� given effect without the conflicting provision.To this end�he provisions of this Security Insuument and the Noiu are declared to s�;�.r��;�;;,�
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<br /> be sovstable. ,,::;a;:�;•.. _
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<br /> ° Form S02!0/90 °
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