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<br /> paymenu may no tonger be requirecl.at the option of L.endQr.if mortgage insumnce coverage(in the mnount�td fot tke peri°d � ' `--�-ry� `
<br /> ' .,�t �•� that Lender nquires)provided by an inswer approve�by Lender again becomes availabte and is ol�tained.Borcower sha!!pay F „ °•.�t
<br /> . �' ' �e p�u�required to maintain mortgage insutanse in effect.ur to provide a loss reserve.untit the requiiement for mortgage�
<br /> :�;,`f;.,•�.::
<br /> . . �, insuranoe ends in accordance with any written agreement between Borrower and LRnder or applicable law. � • ;� , . ; �"
<br /> Lender shall give `..`���' '
<br /> `� �;, ,: �. ,,�.. .`�.: t
<br /> � g,�Spedton. l�der or its agent may ma�se reasanab�e entries upan and inspections of the Property- �
<br /> . • f Horrower nouce at the time of or prior to an inspecrion specify►ng ceasamble rause for the inspection. � `"��,� �;;,t(,� .
<br /> - - `:��:= ��` 10.Condemnation.The pmceeds of any award or claim for damages.direct or cansequzntial. in ca�ection with azry �•,:t�r. .: .;, ,
<br /> ' . �`"°' condemnauon o�other taking of any part of ihe ProPe�Y•or for wnveyance in lieu of rnndemnation,are herebY a5s�8ned and� ;"
<br /> ��� � � f
<br /> sha11 be paid to I.ender.
<br /> - - ---':_i:=-�' in the event of a tot�!taking of the Propercy.the pmceeds shall be apglied to the sums secured by this Security Instrumen�� 4
<br /> �1� whether or not the�i due. with a�ry e�cc.ess Paid to Borrower. In the event of a partial talsing of the Praperty in which the fairj�,1 -:;; ;.
<br /> ��.,.4�. . e1 `' :° �. '��t.•.. r.
<br /> • ' , . market value of tAe Ptopetty immediately before the taking is equa�to or greater t�an the amount of the sums secured by tl�is � .�� •.
<br /> • . Securiry Insuument immediately before the taking.unless Borrower and Lender otherwise agree in wMing,the s�ums secured by °. ,. �,:�: ': ''
<br /> 4 =` .'�'� �: t6is SewritY Instniment shatl be redaced by the amount of the proce�s multiplied by the following fiaction: (a)the tatai '•'.'• `a'. .�,.,. ;.-
<br /> � .._�,;�f;_;,...
<br /> .'..�w amount of the sums secure�immediately before tt�e taking.divided by(b)the fair market value of the Pcu�w���i :.:'�"��:�
<br /> �-t An balance shall be paid to Borrower. In the event of a partial taking of the Properry ' '*-r"=-�,'
<br /> � �, 6efore the taking. y before the --- ��
<br /> ` market value of the Properey immediately before the taldng is tess than the ainn�nt of the sums secured immediately `4.��:.'-
<br /> ' taking�untess Borrawer and L.ender otherwise agree in writing or unless applicable law othenvise provides, the proceeds shall _ __
<br />. . .��.�';` 6e appGed to the sums secured by this Security Insmtment whether or not the sums are then due. � : .. .
<br /> . - . .� If the Prope�ty is abandoned by Borrower,or if,afser notice by Lender to Borrower that the coademnor offers to make an ���,;,.:' . `_��
<br /> ' � award or settle a claim for damages. Borrower fa�7s to respo�to Lender wittun 30 days after the date the n or o th esums
<br /> • .. ��' L,ender is authorized to collect and apply the proceeds,at iu oprion,either w restoration or repair of the ProFertY . _
<br />- � . ,. "'`� secured by this Security Inswment,whether ar not then due. �l�uon of roceeds to rinci al sBall not eatend or - . �:_.�; °'--
<br />- Uniess Lender and Borrower otherwise agree in writing, anY aPP� P P P :��F
<br /> � --�----_ postpone the due date of the monttily paymeats referred to in parag�aphs 1 and 2 or change the amoanc of such payments. ., - __
<br /> � 1 L Bo r r aw e r Not Rdeased.Forheasaave BY Lenties Not a Waiver.Exteasion of the time for payment or modifccation `..,,;,�_
<br /> ". of amonization of the swns secured by this Security Instrument granted by I.ender to auy saccessor in inte�est o f Borrower s h a l l '`,�,:-,��,:
<br /> • • not operate to release the liability of the original Borrowes or�orrower's successors in interest•Lender shaU not be requited to .�,•,..,: _�.:�•._-�.
<br /> : ,��T:
<br /> �-�•7•• ����pt�ipgs against any snccessor in interest ar refuse to e�ctend time for payment or otherarise raodify amorti7ation �_ �. _
<br />- ' � ' of the.sums sec,ured by this Security Instrument by reason of any demand made by the original Horrower or Borrower's — _ _
<br /> - �" sucaessors in interest. Any forbearance by Lender in ezercising any right or remedy shall not be a waiver of or preclude the _ _
<br /> . . exercise af any right or remedy. ��-��_'=_�:
<br />: � .,`�` : 12. Succes�ors and Assigos Bound, Jaint aad Several Uabiltty; Co-signeis. The covenants and agreements of this -
<br /> :",.�:�� � . � ,�` Security Instrument shall bind and benefit the successors and assiSns of Lender and Borrower. subject to the provisioas af _ -_
<br /> ' ,���° paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower a•ho��t and nv�that ��-
<br /> � - - "T� Instrument ba[does not execute the Note: (a) is co-signing this Security Inswment only to mo:��,e,gran e5' •-�_,.
<br /> � ' • - Borrower's tnterest in the Property ander the ternu of this Securiry Inswment:(b)�s not persona:;y obligated to pay the sums � �__
<br /> s e c u r e d b y t h i s S e c uri ty Insavment;and(c)agrees that I.ender and any other Borrower may agee to extend,modify,forbear or �_
<br /> . �e�y a�c o s n�o d a f i o n s with r e gard to the terms of this Security Instrument or t he No te wi t ho u t t h a t B o r r o w e r's c o n s e m• �,�_=
<br /> ' • .13,Loap Charg¢s.If the toan secured by this Security Insuument is su bject to a law w hic h s e t s m a x i m u m l a a n�h a r S e s� _ •. �-,,., __
<br /> '' � • •� ', and that law is finally_imecpreted so that the interest or other loan charges callected or to be collected in connection with the :.::�.:;�„�
<br /> . '�.�.;'
<br /> � � lo:.nn exceed the perniitted limits.then: (a)any suc6loan charge shall be reduced by the amount necessary w reduce the charge
<br />. �. , to the permitted limit:and(b)any sums already collected from Borrower which exceeded permiued limits will be refuade� to ___ _ �
<br /> �r "' Borrower. Lender may choose to make this refund by reQucing the principal owed under the Note or by making a direct �
<br /> ' • • -• payment to Borrower. If a refund reduces psincipal, the reduction will be treated as a partial prepayment without any �n
<br /> y � prepayraent charge under the Note. .��--�
<br /> , . 14.Nottceg. Any noticc to Borroa�er provided for in this Security insuument shall be given by delivering it or by mailing ,- ..�.;��,-
<br /> � "" �����- it by first class mail unless applicable law requires use of another method.The notice sha11 be directed to the Property Address _ '"� ; ���_
<br /> � '" �' , or any other address Borrower desig�ates by nouce to Lender. Any notice to I.ender shall be given by first class mail to �. _
<br /> � Lender's address stated herein or any other address I.ender designates by notice to Borrower. Any aotice provided for in this r, --r
<br /> � ' � Security Inssaa:ment shall be deemed to�ati•e been given to Borrower or Lender when given as provided in this paragraph. . : ;_
<br /> : ��,Go�•erning La�v; Severabitun. This Securiry Instrument shall be govemed by federal law and the law of the _ � _
<br /> . , jurisdiction in whicfi the Property is lc,�ated. In the event that any provision or clause of this Security Instrument or the Note
<br /> � : ��` wnflicts with applicable law,such conflict shall not affeet other provisions of ihis Securiry lnstrument ar the Note which ean be 1
<br /> � � , ", given effect without the canflicting provision.To this end the provisions of this Security Instrument and the Note are declazed _
<br /> �•� to be severable. .
<br /> ,� , 16.Borro�ver's Copy.Borrower shall be given one confartned copy of the Note and of tFis Sxurity Instrament. .
<br /> , Form 3028 9/90
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