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<br /> Ipaymcnts may no longcr bc required,ut thc opuan oP L,cndcr,it mongugc insuruncc covcrugc (in thc u ount' ar c nod -
<br /> � ih$t l.cndcr rcquires)providcd by an insurcr appraved by l.cndcr nguin bctomcs nvuiluhlc nnd is ohtained.sarrawer shull puy�hc
<br /> premiums rcyuircd to maintnin mortgugc insurnncc in cffcct, or to provfdc u lass rescrvc, unul �hc rcquircment for mnrtgagc ,�-
<br /> insuruncc cnds in accordancc with ar►y writtcn agrecmcnt hc�wccn Barrowcr und l.cndcr c�r upplicuhlc luw. �:
<br /> 9.Inspectiun. I.cndcr or i4s agcnt may mukc rcustmablc cnuics upon und inspcc:tions of thc Property. l�:ndcr shall givc � ..
<br /> Bonawcr nnpcc at Ihc timc of or priar ta un in.r•pccaon spccifying rca.�onUldc cuusc for thc inspectian.
<br /> 10.CundemnAtfon. Thc procccds of uny awur d or c luim fnr d u m a g e s, d i r c c t a r c o n s c q ucnuul, in connccuon wi�h uny
<br /> condcmnuuo�i or nthcr taking of nny part of thc Property,ar far convcyancc in licu af condemnauon,�urc hcrchy ussignecl ancl � __
<br /> shall bc paid to L.cndcr. �
<br /> In thc evcnt af a total taking of thc Praperty,Qtc procccds shttll bc uppliccf to thc sums scc:urcd by U�i,Scc:urity In.uumcnt, f
<br /> whethcr ar not ihen duc,with any cxcass paid ta Banowcr,ln thc evcnt of a parti�l tnking of thc Praperty in which thc fair market � ,_
<br /> � valuc of the Property immcdiatcly bcforc thc ttilcing is cquai ta or grcater than thc amount of thc sums sccurcd by this Security �
<br /> ' Insuument immediatcly beforc thc taking, unless Borrawer and I.ender othcnvisc agrec in writing, thc sums securcd by this I . _
<br /> Security Instrument shall bc reduced by the sunount of the procecds mulpplied by ihe following fraction: (u)the total amount of I „
<br /> thc sums securcd immediately bcfore the ts�king, divided by (b) thc fair markct valuc of the Propeny immcdiatcly bcforc�hc � . , '
<br /> ' taking.Any balancc shall Uc paid to Bonowcr.In thc cvcnt of a partial taking of thc Property in which thc fair markct valuc af thc ,'�y`:.
<br /> i Properiy immeciiatcly bcfore thc taking is less than chc a�nount of thc sums sccurcd immediatcly bcforc the taking, unlcss . . ;.�
<br /> Borrowcr und Lcndcr othcrwise agrcc in wridng or unless applicable law othcrwise provides,thc procceds shall bc applicd to ihc __
<br /> 1 sums sccured by this Security Instrument whether or not the sums are then due. ---
<br /> � If thc Property is abandoncd by Bonowcr,ar if,aft,er noticc by Lcndcr to Baaowcr that thc condcmnor offcrs to makc an .?i�_'.�� ------
<br /> � l award or sculc a claim for damages,Borrower fails to respond to I.endcr within 30 days aftcr thc datc thc notice is given,L.cndcr
<br /> is authori�.eci w collect and apply ihe proceeds,at its option,either to reswration or repair of the Property or to the sums secured
<br /> 1 by this Securiry Insuument,whether or not thcn duc.
<br /> Unless I.ender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone
<br /> thc duc datc of thc monthly paymcnu rcfcned to in paragraphs 1 and 2 or changc lhc amount of such paymcnts. --
<br /> 1 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modif'ication
<br /> � of amortization of the sums securcd by this Securiry Instrumcnt grantcd by L.endcr to any successor in interest of Borrower shall
<br /> � , not operate to relcasc the liability of thc original Bonower or Boaowcr's succcssors in intcresG I.cndcr shall not bc rcquired to ,
<br /> commencc procecdings against any successor in interest or refuse to extend time for paymcnt or otherwise modify amorti�.ation of
<br /> the sums secured bY this Sec;urity Instrument by reason of any demand made by the original Bonower or Borrower's successors
<br /> ; in interesG Any forbearance by L.ender in exercising any right or remedy shull not be a waiver of or preclude the exercise of eny
<br /> . . right or remedy. � .
<br /> = 12.�uCte�oso astd Ass[gos R2imd;,�oint and Several Liability; Co•sig�ers. The covcnants and agreements of ihis
<br /> '', Security Inswment shall bind and benefit thc successors and assigns of Lender and Bonower, subject to ihc provisions of y`
<br /> ' •'.� paragraph 17. Borrower's covenants and agrccmcnts shall bc joint and se��cral. Any Bonowcr who co-signs this Sccurity _.,.,,
<br /> � Instrumcnt but does not execute the Note: (a) is co-sisning this Security Instrument only to mortgage, grant and convey that �
<br /> ( Borrower's interest in thc Propeny under the terms of this Sccurity Inswmcnt; (b) is not personally obligated to pay thc sums :: ;.
<br /> � secured by ihis Security Instrument;and(c)agrces that Lcnder and any othcr Borrower may agree to cxtend,modify,forbear or '�s;. �•�
<br /> # make any accommodations with regard to the terms of this Security Instrument or the Note without ihat Bonower's consent� ���� �,
<br /> 13.Loan Charges. If thc loan secured by this Security Instrument is subject to a law which sets maximum loan charges, ,
<br /> and that law is finally interpretcd so that the interest or other loan charges collccted or to be collected in connecdon with thc loan ,�'`��-�__
<br /> exceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the cherge to the .�,.,,,, ,.�
<br /> permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits wi11 be refunded to Borrower. n��"'__
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<br /> • I.cndcr may choosc to makc this rcfund by rcducing thc principal owecl undcr thc Notc or by making a ducct payment to ;.. .
<br /> Boaower. If a refund reduces principal, the reduction will be treated as a partial Prepayment without any prepayment charge �'� ,
<br /> undcr thc Notc. �����
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<br /> 14.Notices. Any notice to Bonower provided for in this Security Instrument shall be given by delivering it or by mailing it . ..
<br /> by Cast class mail unless applicablc law requires usc of anothcr method.Thc noucc shall bc d'ucetcd to thc Properiy Address or • ._.;: �
<br /> h � any other address Borrower designates by notice to L.ender.Any notice to Lender shall be given by Cast class mail to L.ender's ' R�
<br /> address statcd hcrcin or any othcr address Lcndcr dcsignatcs by nodce to Borrowcr. Any nouce providcd for in this Security � �:.^.� ,.,�;x
<br /> Inswment shall bc decmcd to have bcen givcn to Borrowcr or Lendcr when givcn as provided in this paragraph. �",;�-�- -
<br /> 15.Governing Law;Severability. This Security Instrument shali bc govcrned by fcdcral law and thc law of thc �,,;�-_.-,�
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<br /> jurisdicuon in which thc Property is Iceated. In thc evcnt that any provision or clause of this Security Instrument or the Note " '•rk.yc.--.,, Y,
<br /> conflicts with applicable law,such conflict shall not affect other provision�of this Security Instrument or the Note which cen be � �..
<br /> � , given etfect without the conDicting provision.To ihis end the provisions of this Security Insirument and the Note are declared to
<br /> bc scverable.
<br />- ' Form 3028 9/90 �
<br />_ � �•8R(NE)(ez�zl.o+ aageaois inn�aic �
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