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<br /> payments m�y no longer be cequired..at U►e option of Lender.if mortgage insur-ance covcsage(in tt�e amount and for the peliod E " `
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<br /> , that(,c�der requims)pmvided by an insurer appruved by Ixndea again tecames available and is obtained.Horrower shall pay the f . _
<br /> prcm�ums re�uired to maintain mortgage insw'ance in effect.or to provide a loss reserve.until the requirement for mortgage • ,
<br />� � insuranse ends in ar.cordance with any wriuen agreemeut between Boirower and Lender or applicabie law. � . -
<br /> -.; 9.ins�eciion. Le�dea or its a�eat may make reasonable eatries wpon and inspaaons of the Property.Lender shall give � r - - _
<br /> -' Borrower notice az the ame of or prior co an insstection specifYing re�asanable cause[or the inspec�on. .. . �
<br /> 10.Condemnatioa The proc�eds of any award or claim for damages. direct or consequentiai, in conne�ion with any � � � _
<br /> condemnatian or orher taking of any part of the Prop�ty.or for canveyance in lien of coadeau�ation,aze hereby assigned and � . : .
<br /> . shall be paid to I.eudea. ' . . . �;�.�-
<br /> In the esrent of a wtai taking of the Property,the proce�ds shall be applied tn the sums secared by this Security L�strumeat, " - ;r°�:.: :.. _
<br /> whethet oa noi the.n due,witb any exeesss paid to Bonower.In the event of a partial Ialcing of the Property in which the fair maricet � =M}=�
<br /> ; - �_-_—
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<br /> .,�._�
<br /> valus of the Prupeity unmedi3tely befoie die talang is equal to or greai�r t h a n t he amoun t o f t he su�ns s e c u r e d b y t h i s S e c u r i t y • • .. �=�R-�
<br /> .- Instrumeat immediately befose the tslcing, unless Botrower and Lendei othe�vvise agree in v�riting,the sums secaued by�his � � � .-. � _ .
<br /> � See�uity Instrument sd�all be seduoed by the amouni of the pmceeds multiplied by the foltowing fracaon:(a)the wtal acnount of �. , �:'= V
<br /> .....�.•_> *
<br /> the svms seaued'unmediat�ty bef�re the taYing,divide� bY N) tfie fair martcet value of the Pmpe�ty immediately before the i ` °--.,_,
<br /> talmag.Any 6alauce shall be paiiti to Boirowez In the event of a pa�ial faking of t6e Property in which the fai�marlcet value af We � __
<br /> a , '�'�.� -
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<br /> � Prope,r�y immediatel}+ befare the taking is less than the amount of the suras se�aued imtnediately 6efore the taking, unless �� , .. <<�- ° -� -
<br /> , . Bonower and I.ended otherwise agree in writing or unless applicab2e law o�erwise provides,the pmceeds shall be applied to the r��' ,.��� _
<br /> • sums sec�ed by t6is Security Insaument whether or not the sums are then dae. � . � �� �- '
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<br /> -� If the Pr+o�ty is abaudoned by Borrawer,or if;aftea notice by Lender to Bor,rower diat the condemuor offers to make an �. ��__
<br /> award or�le a claim for dama8es,genower faiLs tn iespond tn Lendes vrithin 30 days afts tlre date the notice is givon,Lender � . • :.;,��-
<br /> �,� is author�w collect and apply t�ce proceeds,at iis opuon,either to restoration or repair of�te Propeaty or w the swns secured . " "
<br /> �' by t6is Security Ynsuumr�s,whethea or not then� .'.:��;:.:,,
<br /> Unless Lendra�lffc-.:rrower otherwise agree in wri�ng,anY BPPlication of pmce�ds to principal shall not e�ctend or postpone —
<br /> ' the due d�r�e�f d:e tr.ea3;ly payments referred w in pacag�apl�s I and 2 or change the amount of suc9�payments. . - -
<br /> 11.t�sm�Wer Na Lteka�ed;Forbeuance By Lender Not a Waiver. E�cteasion of the tirae for payment or madi�Cation � _; . .
<br /> of amar��''�a of t�s sua�s sec�ued by this Secarity Insuumeat granted by Lee�tn any successor in interest of Borrower shall . ; � ,. ;
<br /> � not operate to ret��liabiliry of the ori�inal IDacr�swea or Bosmwea's sucr.,�.ars in inteaest I.ender shall not be required tn '
<br /> �
<br /> �ommence pmcee��,�{'��'msc anY successor in i�r�t or refiue w eatend wae fcea payment or otheawice madify amortization of �.
<br /> the sams�ed by th:s Security Insuument by reason of any demand made by the ariginal Borrower or$�sowe�'s successors ',: .�<<• •,.''•`'i.��''
<br /> ���� •
<br /> . in int�¢si.-�ny forbearance by Le��exercismg any rigi�t or remedy st�all not be a wsi��of or preclude the eaceacise of any ir;., . <� • —
<br /> rk:��' � � �i
<br /> rigtu ar��dy. '.� �
<br /> �.Successoss au�Assigns Bonnd;Joint r.�Several Liab�7ity;Co-sig�eas.T6c ����ar►LS and agreements of this _�J•, • _'+ -
<br /> -- � Se�rrity 1nsm�ment�.iZ bind and benefit the s�a.essois and assigns of lC�'�aad Borrower,subject to the provisians of -� .., .: '.
<br /> � p�agrapl� E c. Berrowea's oovenants and a�reements shall be joint and se1�. �y &Q:rowea who co-sigas ihis SECUrity -�_ -.���:
<br /> Instn��u:��:t does not eacecute the Note: (a) cs co-sigaing this Sec�uity Inst�=��..nt o�&y�+mortgage, 8rant and co�tPy that ���. .
<br /> -��� ��_-
<br /> BorrowFr's mt�rest in the Prope�ty undea the teams of this Seanrit�+Insaumer.�(b)is no3 personally obligated w pay the swns . � �.:-.'"'•
<br /> � sec{ued by this Sec�r�g Instiumeax and(c)agrees that Lender and any other t��wea may agree to eactend,modi�y,forbear or � ,�..=.
<br /> make an accommada��ns with re to the terms of this Securiry Instrument c�:5e Note aithout that Borrowea's oonsent .-`���'''�
<br /> y gaYd �'�'=�
<br /> , 13.Loan Charges. If ihe toan sec�sed by this Sec�iry Insorument is subject to a 1aw which sets maximum loan charges, ,�_
<br />' and that 1aw is finally inte�preted�tfl�t�ee interest oz other loan charges collected or to be cellected'm connection with the loan . � ��,.,
<br /> . ;' .t:; _
<br /> exceed the iued limits.then:(31��-�svch loan charge shall 6e reduced by the amoant mszssary to reduce the charge W the ��. �::.�'�-^�:_', a
<br /> PC[in �.;�._::z :
<br />� pamitted limit;and(b)any sums aL-ea�iy coLaz�fmm Borroaer which exceeded peamitted limits w71 be refunded W Bosower.
<br /> L�de�may chaose W make this red�md by red�cing the principal owed ��thc Note or by makir; a dicect payment w y�'�^'�=
<br /> �1 Botrower. If a refiutd reduces ,��,
<br /> principal, ihe reducdon will be t�eated as a�2.'�1 prepayment without any prepayment charge � :�_-°�.-•
<br /> � uader the Note. _�' - � ^-�•:
<br /> 14.Notkes. Any!�otice W Borrower provided for in this Sec�rity Inswment shall be given by delivering it or C;��-:�g it • • r-`',- :
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<br /> . by first class mail rr�i:.�applicable taw r�quires r..:a;of another method.The nouce shall be daected to the�percy Address or . - ::-•����,�,.��'�
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<br /> any oth�address&m�a�ea designates by notice to Lendet.Any notice w Lr�a shall be given 6y firs�rL•�mail to Lender's ��:,,,
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<br /> address stated herein or any other address Lender designates by notice w Boirower.Any nodce provided for in this Security � :-••4��"�:``
<br /> Instrument st�all be deemed to tiave�een given w Borrower or Lend�when given es provided in this paragraph. `.�'�'�<.;�:'�:; .
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<br /> 1S.Governfng Lawi�veral��9. '�� Sec�uity Instrun:�nt shall be governed by federal !aw and Qce 1�1v of the :",.;':: .- ^--=---
<br /> jutisdiction in which the Fropaty i;3ocated. Iin�he event that any provision or clause of lhis Security Instrument��.�e Note '.,'°;=:'`:•. �+�"`•'
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<br />. • wMicts with appiicabte law.such contlict shalj�3t affect mher pmvjsions of this Security Instrument or t3ia Note which can be �. ��'.�;. ••.: . ..;:.:..
<br /> given effect withou2 t��e cont�icdng provisian.To this end the provisions o€tfi��s Securiry Inswment and�?3�Nat�ace dxlaced W �. � , �i,�;�'�'�;;'
<br /> be sevetab2e. . � .
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<br /> Fo►m 2�28 9/90 � —
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