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<br /> � payments may no longcr bc required.at thc opdon of Lcndcr, if mortgugc inruruncc cavcrugc(in thc amrnmt und fur thc{�cri�xl •• . ; �y:_
<br /> that L,cndcr rcquires)pmvided by an Insurcr approvcd by L.ender again bccamcs avuilablc and is c�bl:dnal.Ilnrrawcr shuU p;ry thc � � , . ,�„
<br /> premiums required ta meintain mortgage insurance in effect. or to pravide a lass ra�ervc, undl tha rcyuirement for mortguge� I -r,��r.�,:��
<br /> insurancc ends in eccordance with u�►y written agreemcnt Uctween Bono�ver and Lender or npplicnNle Inw.
<br /> _�„�..;� 9.Inspection. Lender or its agent may meka reasonuble entries upon und inspectians af the Property. l.ender sh�dl givC,� �,t��, �
<br /> `t`�°ii:� -
<br /> � ' . Bonower notice at the dme of or pdor to an inspection specifying rea.sc�nnble cause for the inspocdon. .�
<br /> . ,.''� � ..�� ,
<br /> 10.Condemnatioa. 7be proceeds of any awurd or claim for damaga4, dircct or conscquential, in cnnnecuon with uny �.vsrse: -
<br /> condemnation or other taking of any part af thc Praperty,or for convcynnce in licu af condcmnndon,ura hcrcby a4signed nnd �r�
<br /> r __
<br /> i shaU bc paid to Lcndcr. Y-'__
<br /> I •f'r• --
<br /> � In the evcnt of a total taking of thc Property,thc procccds shail be applicd to the surtis sccurccl hy this Sccurity Insuumcnt, _�,Y__ _
<br /> � whcthcr or not thcn due,with any cxccss paid to Sorrowcr.In tha avcnt of a p�l tnking of thc Prapcny!n which thc f�ir mnrket i,;��_.
<br /> value of the Property immcdiately bcfare thc tuking is equal to or greater then thc emount of tho suma sccurcd by�his Scx:uriry
<br /> ,�,j Instrument imrnediately before the taking,unlcss Bonower and Lcnder oth�rwise a�{rce in wrldng, tt;e sums sccured by this _ .• -
<br /> � Securiry Instrument shall be reducr,d by the amount of the proceeds multiplied by the Collowing fracUon: (a) the to►nl arnount af � •
<br /> the sums secured immediately beforc the taking, dividcd by (b) the falr mnrket value of thc Praperty immediatcly bcfarc the ;_��
<br /> taking.My b�lancc shall bc paid to Barrowcr.In the cvcnt of a partiul tnking of thc Property in which thc fair markct voluc of thc •-L ,__
<br /> ';� Property immediately befora the taking is Ie.ss than the emount af ihe sums sccurexl iinmecliatcly bcforc the tulcing, unlcsy . ;-�-Y
<br /> �+.r Borrowea and l.endcr othenvisc agree in writin8 or unlcss applicablc luw othcrwise providcs,thc procccds shnll bc appticd to lhc .A��;E;=
<br /> � � sums secured by this Securiry Inslrument whether or not thc sums are thcn due. -
<br /> r� i
<br /> ,�;, If the Prope�ty is abandoncd by Borrower,or if,aftcr nodce by Lendcr to Bortower that the candcmnor o[fcrs to make an
<br /> award or seule a claim for damages.Borrower fails to respond to Lender within 30 days ufl�cr thc date the noUce is given,L.ender
<br /> � is authorizcd to wllect und apply the proce�ds,at its opdon,cithcr to restarution or repair of the Praperty or to thc sums sccurai _
<br /> �• by this Secwity Instrumcnt,whether or nat ihcn duc. ,: .
<br /> Unless Lendcr and Borrower othenvise agrce in wddng,any appllcation of procceds to principnl shall not extcnd or postpone
<br /> ,� the duc datc of the monihly gaymcnts referred to irt paragraphs 1 and 2 or change thc nmount of such paymcn�s. ;---
<br /> 11.Borrower Not Released;Forbenrance By Lender Not a Waiver. Extcnsion of thc dmc for payment or madi�cadon F::_
<br /> of amortization of the sums secured by this Securiry Ins�rument granted by L.ender to eny succ:eswr in interest of Borrower shall t
<br /> � not opecate eo release the liability of the ongmel �iorrower or Borrc�wcr'�suci.�sac�in i�i�crcoG l.eisdcr shsl! ne!�+'s r�nyirc�l tn ----
<br /> � commence proceedin8s against any successor in interest or refuse to extend dme for payment or otherwjse modify amortu.aUon of � °
<br /> ;, thc sums sec�scd by this Sccurity Ins�umcnt by rcason of any dcmand madc by thc original Bonowcr or BorrowcPs succcssocs L
<br /> �i in intcres� My forbcarancc by Lcndcr in cxcrcising any right or rcmcdy shsilt not bc a waivcr of or prccludc thc excrcirc of eny �-_
<br /> right or rcmcdy.
<br /> � 12.Successors and Aasigns Bound; Joint and Several LiabiUty;Co•signers. The covenanGg nnd s�grecmcnts of this :
<br /> Security Instrument shaU bind end benefit tho successors and assjg►►s of l.ender and Barr�wer, subject to the provisiona of ;.
<br /> - paragraph 17. Botrower's covcnants and agreemcnts shall bc joint and sevcral. Any Bonowcr who co-signs Ihis Sccurity
<br /> Insdrument but does not ezecute the Note: (a) is co-signing this Security Instrument anly to m�ngage,grent and convey t�at p-;�
<br /> Bonower's interest in thc Property under thc terms of this Scciuity Instrument;(b) i.c nat personally obligaLcd co pay the sums � ___
<br /> , secured by this Security Insuument;and (c)agrees that i..ender and any other Borrowcr may agree to extend. modify.forbear or �•
<br /> make any accommodadons with regard to ihe terms of this Securiry Inswment or the Note without that Borrower'x consenG � _ _
<br /> 13.Loan Charges. If the loan sccured by this Sccurity Instrument is subJcct to a lnw which scts mnx�mum losui chargcs, �-
<br /> • stnd that law is Cmally interpreted so that the interest or other loan charges collected or to be collected in connecdon with the loan
<br /> exceed the permicted limits,then:(a)any such loan chargc shall bc reduccd by thc amount ncccssary to rcducc thc chargc to thc ��.:`__
<br /> permitted limit;and(b)any sums already collected from Bonower which exccecicd permllted limits will be rofunded to Bonower. --
<br /> .. L.ender may choose to make this refund by reducing the principal owetl under the Note or by making a dirat payment to
<br /> �'' Borrowcr. lf a refund reduces principal.the reducdon will be Ircalcd as a partial prcpaymcnt without eny prepaymcnt chtugc ��`�
<br /> _ _,._ _. .. _� undcr thc Note. �
<br /> 14.Notices. Any nouce ta Borrower provided for in this Sccuriry inswn�ud shall bc given by dclivering it or by mailing It =
<br /> • by first class mnil unless applicable law requims use of another method.The notice shall be directed to the Pcopeny Address or _
<br /> any other addras Borrower designates by nopce to Lender. Any nodce to I.ender shull be given by first cl:�.s,s mail to Lender's __—,_,Y
<br /> address stated hcrcin or any othcr address Lendcr designatcs by notice to Borrowcr. Any not�cc providccf for in this Sc�urity ��-_
<br /> Instrument shall be dcemcd to havc bccn given to Borrower or Lcndcr whcn given as providcd in this pnrugraph. � , :,'.v�'�"`T
<br /> '�'��:'
<br /> 15.Governing Law;Severability. '!t►is Securiry Instrument shall bc govemcd by fedcrnl luw und thc luw oi the '���.4 �_;�.
<br /> j jurisdiction in which thc Propcny is locatcd. In thc cvent that nny provision or cluusc of this Sccurity Instrumcnt or thc Noto ;.��"
<br /> a conflicts with applicablc law,such conflict shall not affcct oihcr provisions of this Sccurity Inswmcnt or 1hc Nntc which cun b�, '•�,.� `-�
<br /> � given effect without the conflic6ng provision.To this end the provisions of this Security Inswment and the Note cre declared to
<br /> 1� bc scverablc. '
<br /> Form 3028 9r90 +
<br /> I �•QR(NE)lot�2l.o� Paqe<ot8 imuau �
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