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<br /> , . � payments may no longer be required.at the aption of L.ender,if martgage insurance coverage(in ihe amount and or e od . _
<br /> U�at Lcader requucs)Provided by an insur+er approved by Lcndcr again becomes available and is obtained.Bo:rower shall pay the , .
<br /> . .`_• premiums required w maintain mortgage insu�an��n ct'fect,ar to provide a toss reserve, until the rcquirement for mortgage . . t
<br /> " ias�rance eads in acxordance with any wriucn agrcemeat betwcen Boaower and Lender or applicable law. " S, :
<br /> . �-^?,-"' 9.Ir�ectWa. l.ender or its agent may make reasonable enuies upon and inspections of the Property.Lender shall give -.., °-..-- .
<br /> Ir _.:.
<br /> _ � -.�-.- Borrower notice at We wne af or prinr[o au ias�Ctioa s�ecifying reasonabte cavse for the inspection. ---'--_�-�,
<br /> l0.Condemnatian. 'Ihe pmceeds of any award or claim for danaages,direct or consequeatial, in connecaon with any ` -�_.:. _ .
<br /> condenmaaon or otner talring of any part of tbe Property,or for conveyanee in lieu of eondetnnation,a:e hereby assigned and ;,. �. '.t� �::; F
<br /> , . . shall be paid to Leitdea. . ,
<br /> �`.�. � In the evec�t of a total takiag of the Froperty,the proceeds shall be apptied to the sums secared by this Security Insuume�t, . ..
<br /> i_� . whether or not then due,with aay excess Paid to Borrower.In the event of a partial ffiking of the PropercY in p+hicb!he fair marke� •�:��F`,�"�
<br /> � value of the Property immediately befare the taldng is equal to or greater than the amount of the sums secured by thiS Security .:,,_. '`��
<br /> . ` InsYrument immediately before the taking, untess Borrower and i.ender othetwise agcee in wriling, the sums sec�ued 6y this - •-..�.i:;,;".,.�;:,:-
<br /> ._ � . . Se,curity Inswment shall be reduced by she amount of the procceds muldplied by the[ollowing fiaction:(a)tbe total amount of . ;. �, _.
<br />_ - : the sivas secured inunediately before the taking,dividcd by (b) the fair market value of the PropenY immediately before the .,. �', ��� c-5._,-
<br /> . .. , • taking.qny tralarcce shall be paid w Borrawcr.In ihe event of a parual taidng of the Property in whict►the fair market walue of the _ - _._!,`-
<br /> • larc ' —"
<br />`4 " • pmpertY immediately before the taking is less than the a�mount of ihe sums secured immediatelY before the taking, anless .. :.
<br /> .,.ti. .�
<br /> � ' . Bamower and Lender othervrise agree in writing or untess applicable law othcrwise provides,the proceeAs st�all be appl'sed to[he � �. _
<br /> . - ' ` sams secure�by this Security Instrument whether or not[he sums ace[hen due. . � ' —
<br />,�-,. � . . If the propetty is abandoned by Boaow�r,or if,after notice by Lender w Borrower that the candemnor offecs to make an ..
<br /> , . award or seule a claim for damages,Bonower fails co respond[o Lender within 30 days afcer the date 1he notice is giveu,Lender __. • ;- .
<br /> � is suthorized to collect and apply the pmceeds.at its option,either to restoration or repair of the Pcoperty or w the sums secured , �.�:-�
<br /> -. , . � b y t his Sec u r i ty Insmiment,whether or nai then due. •. ��,��
<br /> ��• Unless Lender and Borrower otherwise agrce in wridng,any aPPiication of praceeds to princiP a l s h a ll not exten d or po s t p o a e �,:;:,{.:;-.;.:�=
<br /> .� , � ' " the due date of the monWty payments refcrred to in paragraphs 1 and 2 or change tlie arnount of such payments. ' •� �`'�"�=�
<br /> a .�:�.�.,.5,_:--
<br /> ' `,'t� 11.Borrower Noi Released;Forbearance By Lender Not a Waives. Factension of ihe dme for payment or mqdification , , ;.._�•;
<br /> � ' of amorti�ation of the sums secured by this Security Instrument granted by Lender to any successor in interest of•Borrower shail • _;:�
<br />_ �.. . ._ _-
<br />"� �� � not op�atc to release the liability of the original Bo:rower ar Boaower's successors in��erest.l-endcr shall not be required to .;:..::.;�,;,,;".
<br /> ,; . ' commeace proceedings against aay succ�ssor in interest or refuse W eactend time far payme�t or otheiwwise modify amor6�ation of ,, <<.:;;.;.�,a�
<br /> `�r . . . •;. �:�,•..;,---.
<br /> :,,: the sums secUred by[his Security Instrument by reason of any demand made by the original Borrower or Brnrower's successo:s �';,4._._,,�_.'----
<br /> . in intere.�t.Any forbearance by Lender in exercising anY right or remedy shall nat be a waiver of or preclude the exercise of any ;:_�r:�
<br /> � � � . right ar remedy. .
<br /> `;;,.�:.� . _ _ -
<br /> 1�.S�ccessars aad Asstgns Boand;Joint and Several Liab�ity;Co-signees. The covenants and agreements of this ' ,���._-
<br /> - .. • . Security Instmment shall busd aud bene6t the successors and assigns of Lender and Borrower. subjert to the provisions of . . ��;��
<br />- . . paragraph 17: Bonower's covenants and agreements shall be joinc and several. Any Borrower who co-signs this SecuiitY `: f,����;
<br /> , ����-
<br /> • - Insuumcnt but does not eacxute the Note: (a) is ccrsigning this Security Insuument only w mortgage,grant and convey tAat . �,,.�;:-
<br /> . .. • Boaower's interest in the Praperty under the terms af this Security Insuumen�(b)is not personally obliga;ted to pay the sums ; � : . ,�'.,�; °
<br /> '�:-,
<br /> s�cured by this Security instrument;and(c)agrees that Lender and any aher Horrower may agree to extend R►fld�Y•forbear or � :: e_
<br /> • make any accommadaaons with regard eo the terms of this Security Inswment ar the Note without that Borrower's consenG . `
<br /> ' ' 13.Loan Ctiarges. lf the loan secured by this Security Inswment is subject to a law which sets ma�cimum loan charges, '_�:r'
<br /> and that law is finaliy inteNreted so that the interest or other toan charges collected or w be collected in connecdon with the loan � _
<br /> � eaceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the char�e to the ° �
<br /> � permitted timi�and(b)any sums already collecud from Borrower ahich exceeded permittcd limits will be refnnded w Botrower. • f .�"
<br /> � Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment w <. •"'" .
<br /> . � Borrower. If a refund reduces principal. the reduction wi11 be treated as a partial prepayment without any ptepayment charge , .
<br /> under the Note. ,' . '
<br /> - 14.Notices. My notice to Boaowcr providcd for in this Sccurity Instrument shap bc given by delivering it or by mailing it . • :
<br /> � by first class mail unlc�s applicable law requires usc of anathcr methad.The notice shall be d'uected to the Property Address or
<br /> � any other address Borrowcr de�;atcs by noticc to Lcndcr.Any noticc to Lcndcr shaU bc�ivcn by first class mail w Lcnder's
<br />. � � address stated herein or any otfier address Lendcr dcsignatcs by notice to Borrowcr.Any notice provided for in this Seciuity
<br /> � insuument shall be dcemed to I�ave been given to Borrower or Lcnder when given as provided in this paragraph• _
<br /> ` ' � 15.Governing Law;Severabllity. This Sccurity lnsuumcnt shall be govemcd by fedcral Eaw and ihc law of thc .
<br /> , junsd:cuon in which the Property is lacated• !n ihe event that any provision or cluuse of this Security Inswment or the Note �
<br /> car.fi�cts with appGcable law,szch contlict shall not affect other provisions of this 5ecury lr.s•.rument or the Note which can be
<br /> � " given effect without the wnllicting provision.To this end the provisions of this Security Instnsment and the Note are Zeclared to �'•'� � ,
<br /> bc scvcrablc. �
<br /> • Form 3028 9/90 .
<br /> �- ' � ' �•6R(NE)(9ztz).o� Pag000te �mua�e: .
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