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<br /> ' . paymcnts muy na longcr bc rcquircd,ut thc up�ion ol'Lcndcr, if mongugc insuruncc covcrugc (in thc amount tmd for thc perioci
<br /> � thut Lcndcr rcquires)prowdcd by iu�insurcr uppruv.:d�y I.�ndcr a�;ain buumcs avuilahlc an�is o6taincd.Aorrowcr shall pay thc _
<br /> ' prcmiums rcquircd w mumwin mortgugc rosuruncc in cflc�t, or tc�providc u luss rescrvc,unul thc rcquucmcns for mortgabc ___
<br /> , � msuruncc cnds m uccorduncc with uny wnttcn ugn.cmcn�bciwc�n Bortowcr und Lcndcr or upplicab� luw. _
<br /> 9.lnspection. Lcndcr or ils ugcnt muy muku rcationuhlc cntrics u{x�n und inspccti�ns�f�he Properry. Lcndcr shull givc
<br /> Borrowcr noucc ut thc umc af ar prior to un inspccuon spc;cifying rcusonablc cuusc for thc inspec:uon. : • .
<br /> ' 10.L'ondemnattun. Thc praccds of su�y uward Ur cluim for damagcs, dircct or conscqucnusil, in canncc:uan with unY �_:
<br /> candcmnauon ar athcr uilcing of uny purt of thc Praperty,or for convcyancc in licu of condcrnnar.ion, arc h�rcby acsigned and _
<br /> shuU bc paid ta L.endcr. ' -
<br /> [n thc cvcnt of a towl wking of thc Property,thc procceds sh:ill bc upplicd ta thc sums sccurcd by this Sccurity Instrumcnt,
<br /> whcthcr or not then duc,with any cxccss puid to Barrawcr.In thc cvcnt of a paruul wking of Ihc Propcny in which thc fair markct .0
<br /> valuc of thc Propcny immcdiutcly bcforc thc tuking is cquul to oi grcutcr than thc wnaunt of thc sums sccured by this Sccuriry ,;,�
<br /> Instrument immcdiutely bcfore thc taking, unlcss Borrowcr und l.cndcr othcrwisc agrcc in writing,the sums sccurcd by this .,;
<br /> Sceuriry Inswmcnt shall bc rcduccd by thc umount of thc prcxcads muluplicd by thc following fracuon: (u) thc touil umount of ;�`
<br /> the sums secured immediutcly 6efare �he tnking, div�led by (b) thc Cair market vuluc of�hc Pruperty immediatcly bcfore thc �
<br /> wking.Any baluncc shull bc puid to Borrowcr.ln thc cvent oC a purual tukinb of thc Property in which thc fuir rn�rkct vuluc of thc . _•
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<br /> Property immcciiutcly bcti�rc thc wkmg �s lcss than thc iunount of thc sums scc:urcd immcdiotcly bcforc �he taking, unlcss y.:-
<br /> • Sarrowcr and Lcndcr athcrwisc ugrcc in writing or unlcss upplicuhlc luw othcrwi�c providcs,thc procceds shall bc applicci to thc � .x�'--
<br /> � sums sccured by ihis Sccurity Insirumcnt whcthcr or not thc sums arc�hcn duc. ---- _
<br /> , If thc Prapeny is abandoned by Borrowcr,or i!,uRcr noticc by Lcndcr to Borrawcr that thc condcmnor offcrs w mfilce an ; _
<br /> �'�' award ar sctde a claim for dFUnagcs.Bonowcr fuils to respond to Lcndcr within 30 days nfter thc datc the nolicc is givcn,Lendcr
<br /> ' is authorixcd to collcct and upply thc pracceds,ut its option,ci�hcr to restoration or rcpair of thc Praperty or ta thc sums sccurcd
<br /> by this Sccurity Insuument,whcthcr or not thcn duc. +
<br /> � Unlcss I.cndcr and Boaower othcrwise agrcc in writing,u��y applicapon o[proceeds to principal shall not cxtend or postponc .�.
<br /> the due date of thc monthly puyments refcrred to in puragruphs 1 tsnd 2 or change the amount of such payments.
<br /> - 11.Borrnwer Not Retea.sed:N'orbearance i�y Lender ivui u i�'aivcr. Ext�r�s�3n of thc iiww for payment nr modificauon =–
<br /> ' of umoniruUOn of thc sums securcd by this Sccurity Instrument gramcd by Lcndcr to srrr►y succcssor in intcrest of Borrowcr shall -_
<br /> ', not operatc to rcic�sc thc liubiliry of thc originul Bortowcr or Borrowcr's succcssars in intcres4 Lcnder sh:ill not bc rcqu'ucd to —
<br /> .� cammence praeedings uguinst any successor in mterest ar refuse to extend ume for payment or ahenvise modify amortizauon of _ -
<br /> �!� the sums sccured by this Security lnstrumcnt by resuon of any dcmend made by thc original Barowcr or Borrower's successors ���;_- __
<br /> ,, in interesG Any forbcarance by Lcnder in cxercising�ny right or remcdy shall not be a wniver of or precludc ihe cxcrcisc af any – __
<br /> ,�. right or remedy.
<br /> • 12.Successors and Assigns Bound;Joint and Several Lfability; Co•slgners. Thc covenants and agrcemcnts of this
<br /> ^ Sccurity Instrument shall bind and bencCt thc successors and itssigns of Lendcr and Borrowcr. subject to ihe provisions of
<br /> ; paragraph 17. Bonowcr's covenantti and agrccmcn�s shall bc joinl and sevcrnl. Any Bonower who co-signs ihis Sccurity _
<br /> Insirument but does not execute the Note: (a) is co•sibning this Security Insuument only to mortgage, grant und convey that
<br /> ' � Borrowcr's interest in thc Propeny undcr thc terms of this Sccurity Insuument; (b) is not persas�illy obligutcd to pay thc sums -
<br /> sceured by this Security lnstrumcnt;and(c)agrccs tha� Lcndcr and uny othcr Borrowcr may agrcc to extend,modi[y,furbear or = __
<br /> makc any accommodauons with rcgtud to thc tcrms of�his Scc:urity Insuumcnt or thc Notc without that Bonowcr's conscnG
<br /> ' 13.Laan Charges. If thc loan sccurcci by lhis Sccurity lnsvumcnt is subjcct w a law which sets maximum lonn churgcs, ____
<br /> + und that luw is finally intcrprctcd so that thc intcrest or other loun ch�urgcs collcc:tcd or to bc collcctcd in connccuan with Qic loan �;;-�
<br /> y�r exceeti the permitted limits,then:(u)any such loun churge shall be reduceci by the umount necasary to reduce the charge to the - __
<br /> • permittcd limit;und(b)any sums alrcady collcctcci from IIorrowcr which cxcccdcd permittcd limi4s will bc rcfundcd ro Boaowcr. a -
<br /> � L.cndcr may choosc to mukc this rcfund by rcciucing thc principal owcd undcr thc Notc or by muking a dircct paymcnt to _
<br /> � IIorrowcr. If a rcfund reduccs principal, thc rcciucuon wiU bc trc��cd us u partial prcpaymcn�without any prepaymcnt chargc --- _ .�
<br /> undcr thc Notc, � �' ~��
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<br /> , 14.Notices. Any natice to Borrower provided for in this Security Instrument shull be given by delivering it or by mailing it �'_, - �'t,.
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<br /> .� by first closs muil unlcss upplicublc law rcquires usc of'anothcr mc�hod.Thc noticc shall bc dircctcd to thc Property Address or �°,_ . ,.���r,
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<br /> ;uiy othcr address Borrowcr dcsignates by noucc to Lcndcr. Any nuucc to Lcndcr shsill bc givcn by Cirst cl.us muil to Lcndcr's ''�=`��::;��.;��n �
<br /> ; uddress statcci hcrcin or any othcr address l.cndcr dcsignalcs by noticc to Borrowcr. Any noticc providcd for in this Sccuriry ''��e;
<br /> ' j Instrumcnt shall bc dccmcd to havc bccn givcn to Borrowcr or Lcndcr whcn givcn as prov idcd in ihis paragraph. .• r .
<br /> ' lS.Uoverning Lui�•:Severabiltty. This Sc:eunry Insuumem yhull lx: govcrncd by fcdcr�►I law und the law of thc �
<br /> ` �urisdicUOn in which thc ('roperty is locatui. !n thc cvcnt that any provision or clausc of this Sccuriry Insvumcnt or �hc Notc
<br /> conilic4�with applicablc law, such eontlict shull not al'1'ect othcr pruvisiuns of this Sccueiry Inslrumcnt or thc Notc which can bc
<br /> givcn cffcct without thc conClicung provision.To thi,cnd thc provizions oi'this Scc:urity Instrumcnt and thc Notc arc dcclurcci w
<br /> bc scvcrablc. •
<br /> Form 3028 9/90
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