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<br /> 97�. �00�'S : �:� . . - _
<br /> _ paymenu may no longer be required.at the optian of Lender, if mortga�:e insursnce cuv�rage tin the amount and for the period `_ ______ __�_`_—
<br /> that Lender requirc.�s1 provided by an iatiurer approved by Lender again become,available and i�obtained. Borrower shali pay _ __Jy `'' ='� y
<br /> the premiums required to maintain mortgage insurance in effect,or to provide a lass resen•e, until the requirement for[nortgage � "
<br /> , =�.. -
<br /> insurance ends in aceord:�nce with any written agreement bet�yeen 8orrow•er and Lender ur appiicable law. • ;
<br />• 9. Inspection. Lender or it�agent may make reasonable entries upon and inspections of the Propeny. Lender shall give • � ., �
<br /> Borrower notice at the time of or Frior to an inspection s�ecifying rra,onable�use for the mspec[ion. '`_-`,-':���.i.�
<br /> 18. CuademaatFon.The proceeds of any award or claim for damageti. dircct or�ronseyuential. in connection with any �•� ,s- ` '
<br /> eq
<br /> �5 T' ,a�-.h.�+�ai�Y�'-t.
<br /> rnndemnation or other takin�of any part of the Property,or for com•ey:u�ce in lieu of condemnxtion, are hereby assigned and .s,•�._
<br /> ,<�«:r:�'�
<br /> shall be paid to C.ender_ � � "'� .�a, ,E�. ..
<br /> In the event of a tatal taking of the Property,the proceeds shall be applied to tht swns secured by this Security Instrument, "•'��• i�`"-r��"�
<br /> whether or not then due, with any excess paid to Bortower. In the event of a partial taking of the Peoperty in which the fair :_'�rs'':.�:''�C��'—�I''fT'
<br /> `;;r,��=,....,�__
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums secared by this .r ---
<br /> Securiry Insmiment immediately before the[aking, unles�Eorrower and Lender athern ise agree in writing,the sums secured by _'��_`'��-
<br /> ��-:��.:-----
<br /> this Security Instrument shall be redviced by [he arnount of the proceeds multiplied by the foitowing fraction: (a) the tatal '..;�;�sr:,�,. x� : -
<br /> M•c�t�r—�iii``-`.-_-
<br /> amount of the sums secured immediately before the taking,divided by (b) the fair market value of Ute Pcogerty immediately -�:+�;•.:._.�-- - --
<br /> .. .. ,,..,�����___
<br /> ' before the takin An balance shall be atd to Borrower. In the event of a artial of the Pro m which the fair ' ''� �`'• � •
<br /> g• Y P � P � PertY � "•..f?a�iv�i-.�__.:__.
<br />- maricet value of the Properry immediately before the taking is less than the amount of t�r surns se�ured immediatety before the :`�'�:�::�...�-.�;---
<br /> takin ,unless Borrower and Leader otherwise a ee in writin or unless a licable law otherwise rovides,the roceeds shall "�'�`�%�'�e��-`-�
<br /> S 8�' g PP P P ��.., �
<br /> be appiied to t6e sums secured by this Security Instrument whether or not the sums are then due. �,?��"'�"";�a
<br /> If the Property is abandoned by Borrower_er if,a�er notice by Lender to Borrower that the coademnor offers to make an `=; _ "
<br /> award or settle a claim for damages. Borrower C�ils to respond to Lender within 30 days after the date the notice is given, '' ' � �����,�
<br /> = LeuSrx is authorized to r,ollect and apply the proc�ds,at iu option,either to restoration or repair of the Property or to the sums �;5�_.�
<br /> secured by this Security Instrument,whether or noi then due. � "'',
<br /> Unless Lender and Borrower otherwise �ee in wriUng, any application of proceads to princri�al shall not extend or =•. � �..,
<br /> �f� postpone the due date of the monthly payment�m�erred to in paragraphs I and 2 or change the amount of such paymenu. �_. ��:�`," ��:
<br />,`;"�� 11.Borrawer Not Released;Forbeara¢�e 8y Len�ler Not a Walver. Extension of the time for payment or modification """�' � •
<br /> " i of amorti7auon of the sums secured by this Security Insuument granted by L�nder to any successar in interest of Borrower shall ` f:p,"., Q rI��`..�
<br /> . , ,•, i�°� ...�, -_'�.; :
<br /> :. not operate to release the liability of the original Borrower or Borrower's successors in�erest.Lender shali not be�equired to a`s�� •� • •.
<br /> ,.�';.,�:�.,
<br /> commence roceedin s a ainst an successor:.a:nterest or refuse to extend time for a ment ar otherwise modi ainortizarion �`''" ���� •:�•��%�� ;'.,
<br />',�.�'... P S 8 Y P Y fl' , ' '..rrw�,�,�„
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<br /> ;•;�ti>� of the sums secured by this Security [nsaum�t by reason of any demand made by the original Iiorrower or Borrower's r',h�t;•P;,;:• _'
<br /> t':, ,. '
<br />�i,.'•;�., successors in interest. Any forbeaiance by Leer�r in exercising any right or remedy shall not be a w�ver of or preciude the ,t��{,.';;t ,.
<br /> ' ez:�.ise of any right or remedy. - ,,'f��;;.
<br /> ' �. Successors and Asslgns Bound; Joint and Several Liabiltty; Co-sigr►ers. The covenants and agrcen�'s of this ,
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, s.w;�ct to the provisions of '.��_ ����.�.
<br /> ��h�`: paragraph 17. Borrower's covenants and a�a:-aements shall be joint and several. Any Borrower ��� co-signs this Security '��i'
<br /> Instrument but does not execute the Note: (�) is co-signing this Security (nstrument only to mortg.:s=�.. grant and convey that "'%�f ���_
<br /> Borrower's interest in the Property under the tecros of this Security InsUument;(b)is r_c:t pzrsonally obligated to pay the sutns --�"'"'-��°-
<br /> :•� secured by this Security Instrume.2:and(c)agrees that Lender and any other Borrower*nay agree to extend,modify,forbear or �'�` `
<br /> : ; .�,
<br /> { make any accommodauons with n�ard to t�e terms of this Security Instrument or the Note without that Sorrower's wnsent. ��'>;'' .'::
<br /> �S �. 13. Loan Charges.If tfie loan secured�o_o this Security Insttument is subject to a law which sets r.�aximum loan charges. �'`s` �'�"•:=`
<br /> -"�^ ,;;�r/;;:'',
<br /> and that law is finally interpreted so that�-e_:terest or other laan char�es collected or to be callected in connection with the «; . s�����„�_
<br /> toar�e�ceed the permitted limits,then:(a)x.zy such loan charge shall be:educed by the amount necessary to reduce the charge �;�:�_
<br /> , ,,.
<br /> to�e permitted limit;and(b)sr�•sums already collected fea:w Borro�er which eaceeded permitted limits v�ill be T�:`�ndad to �•~•�,;;.�}' "
<br /> • �. Borrowar. Lender �^ay choat�^� :nake this refund by re��a.g tl:z�r-�cipal owed under the Note or by making a direct �- �.��"
<br /> �S,'
<br /> .:`�;: payment to Borro:.:r. If a refund reduc� �rincipal, the reduction �:' be treated as a partial psepayment without any „ �����
<br /> . !�;;, prepayment charge urtder the Note. ___,. .��'t4��
<br /> '�' 14.Notices.An notice to Borrower rovided for in this Securit Instrument shall be rven b deliverin it or b mailin -��.-
<br /> Y P Y E Y S Y g . . .�s,:,:• .
<br /> it by first class mail unless applicable Iaw reyuires use of another method.The notice shall be directed to the Properry Address '� _-�3.�,,.n���,:.:__._,-,.
<br /> , or any other address 8orrowet designates by notice to Lender. Any notice to Lender sha!! be gi�•en by first class mail to _ _
<br /> Lender's address stated herein or any other address Lertder designates by n�tice to Borrower. Any n�:ce provided for in this '=""'=,�-�'�"�'�`.�`�P'``
<br /> � '• Securiry Instrument shall be deemed to have been given to Borrower or I��rrcer when given as provided in this paragraph. � .�: . =
<br /> �,_._,
<br /> 15.Governing Law; Severability. This Security Instrument shall be govern� by federal law and the taw of the �_-
<br /> • � '. . .
<br /> . jur.",s;�:sxion in w i�ic h t he Property is locat e d. In t he event t hat any provision or c tause o f t his S e c uriry Instru�nen�or t he Note ' .-��� �
<br /> s
<br /> coniicts with applipble law,sueh conflict shall not affeet other provisions of this Secu:ity Instrument or the Note wl�ich can be ��°�" -
<br /> given effect without the conflictin�provision. To this end the provisions of this Security Instrument and the Nate are declared ------�:
<br /> :�i• . to be severable. ' _ '�Y":;_
<br /> . 16.Borroaser's Copy. So:rower shall be given one conformed copy of the Note and of this Secarity Instrument. .�!�;;;
<br /> Fortn 3028 9/90 ` `
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