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<br /> 9�����QIfIP � . , f :r��.=.
<br /> payments may no longr.r be req�ired,at We npti+on of Lcnder,it mortgage insusance coveragc(in the amount and for thc paicd •� --
<br /> that Lender mquires)provided by an insvrer approved by Lender again beC°mes available and is obtained.Borrowcr shall pay the .�
<br /> . p�miums required to rnaintain mortgage insurance in effect, or t�provide a loss reser+e.until the requirement for mortgage . .`
<br /> insurance ends in acxardance witl�any.vritten agreement between Borrower and Ixnder or applicable law. : _
<br /> ' 9.Inspectton. Lender or its agent may make reasonable eauies upon and inspections of the Propecty. Lcnder sha}l 6hve . .
<br />- Borrowra notise at the ti�ue of or prior w an inspecaon specifying reasonable cause for the inspecoifln. , _
<br /> IU.CondeYanflBon. Ths praceeds of any award or claim for damages. direct or wnsequendal. in connection with any ; •. ,
<br /> a
<br /> • condenmation or other takir►g af any part of the Prop�rty,or for conveyance in lieu of condemnauon,ase hereby assigned and i'� _ �•
<br /> shall be paid to Lendet. � � .
<br /> In the eveut of a total taking of the Propeaty,the P�c�ds shall he applie:i w the sums secamd by this Security Instrumen� .. *__
<br />� whether or nat ihen due,with any eacces�paid ta Boarower.In tfie event of a partial taking of t2ie Property in which the fair market �... : . . -
<br /> • value of the Pr�operty immediateh+befoze the talring is equal to or greater tt�a�a the amount of the sums secured by this Security i � _
<br /> • � Insmunent immediatelY before the taking, unless Bonower and Lender otherwise agree in writing, the sums sec�red by this
<br /> ; Se�uity Instnunenc shall be reduced by the amaunt of the proceeels enultiPlied by the following fiaction:(a)the total amount of . , � _ � ' -'
<br /> the sums sec�red immediatrly befoie the raking,divided by N) the fair market value of the Property immediately before the _�..
<br /> ' talong.pny balance sdall be paid to Borrower.Ia�the event of a partial talcing of the Property in which the fair m a�i cet v a lue o f t he . -- �"'
<br /> ,. `i prop�y immediately Lefore the sakin8 is less than the amQUUt of the sums secared immediately before the talriz�B,unless • r:�;
<br /> .�..
<br /> Botrowea and L.endea otha�vise agree in writing or unless a��r?sable law othawise Provides.the proceeds st�aU be applied tn the i=--F ' ::'�,Yr'!
<br /> sums secu�ed by this Security Ins�unent whether or not the sums are then due. • ' • : ;
<br /> ' If the Propeaty is abandoned by Bormwa.or if,after notice by Le�►der to Borrower that the condemnor offeas to make an ' . - �. �.�s:
<br /> " award or settte a claim for dataages,Bormwer fa�s to respond tn I.ender witl►in 30 days aftEr the date the notice is givea,Lender � _ -3,�K .�
<br /> � is awhoiized to coIIect and apply the praceeds,at its opuon,either w resroration or repair Qf the Property or tn the sums secured �, . � b'�=-
<br /> by Lhis Security InswmenL whether oT not then due. , �r
<br /> Unless Lead�and Borrowea otherwise agee in writin ,any application of to principal skall not extend or postpone � '��'�- ---
<br /> .� ti g P�
<br /> `� ; the due date of the monthlY payments refeaed to in paragraphs 1 and 2 or change the amouuc of sach payments. � � �_;, ? '`�`�:?�,;.;
<br /> � 11.BorraweT lelo4 Released;L�vz6Parance By Lender Not a Waiver. Extension of�e dme for payment or modificarion ,
<br /> of amorti�ation of the sums secu�at!`Jy this Secauity Instrument g�ac►�by Lendea to any scxessor m uuerest of Borrow�shall ..A � '' �
<br /> g an
<br /> aot o p e t a t e to release the liabiliry�t�e original Bormwea or Borrower's snccessors in�:t�esL Lender shall not be required to !�#='i _. , .
<br /> ��pi�pnpce�dmgs against any successor�a�teresc or refuse w extend tiane for payment or oiher�v�,.�modify amoitizauon o f . . . � `. __
<br /> ai
<br /> . the sums sec�ued by d�is Sec�rity Instrument by reason of any demand rn�z�ay the oagmal Borrowec ur Bo:rower's succes.srors tr:' ; ��
<br /> in interest,Any forbearance by Lender in exercising any right or remedy shali not be a waiver of or preclude the exercise of any � ��� �'•.,�� �
<br /> , right or remedy. ' �� � '���.;�� .'
<br /> . 12.Sacce�ssars and Assigns�3annd;Joint and 5everal Liability;Co-sigaers."IE� CDYEilalli3 and agree�ents of this •�-���'� •� .. —
<br /> cc sa :�;,�,;,..: .
<br /> ,,,�; ;;:
<br /> . Se�rity Iacuument shall b�d and benefit the successo�s and assigns af I�aader and Borrower,subject to the provisions of •' '4 '�. ., �
<br /> paragraph 17. Bo�wer's covenants and agreements shall be jaint and szv�al. Any Borrower who co-signs this Security '-:.�- •�r-
<br /> � gre m ;
<br /> ' Inswment but does aot e�ecute the Note: (a) is co-sigain8 this Seciuitl'II�s�ment only to mortgage,�ant and convey that ;, ._, '��;���. ,�
<br /> � Botrowei's inteaest m d►e Progzaay under the tem�s of this Seauity Insuum��(b)is r�a�ecsonally obligated to pay the sums ''`r'� �'
<br /> •,,�.f . �
<br /> secured by this Seca�riry Instiume�y an d(c)agrees t h a t L,e n�r�d an y othex Borrowes��?a g cee to extend,mmdifY,fa�ur ,;�,�;�, �;,�;�'m.�',
<br /> malce any accommodarions with regard to the te�ms of this Sec�ity Insuu��t csr the Note without thai Botrower's consent , ``�
<br /> ' 13.Loan Char�.�s. 1f the toan sec�a�ed my�TM.is Seca�rity Insuwnent;s�:bje�t to a law which sas�aximum loan charges� : ..��
<br /> ' and that law is finalty mteapreted so that the inteaest or other loan c h a rges c+;is x t e d or w b e co ll e c t e d in c u n n e c ti o n w i t h t h e l o a n �;�1��:.=.�,��'._
<br /> exceed the pesmiued limits,the�:d�?�Y such loan charge shaU be reduced by the ama��ne�essary to rednce the charge t4 the ��«�},�`j f: • z:�,°•
<br /> - permiued limit;and @)anY su�".:s aCs°,.ady collected from Botrower which exceeded pvr��limits will be refunded w Bonower. �.s;;,:; ..v --; —
<br /> :�ti:;•, .
<br /> Lendea may choose �make this refund by redusting the principal owed under the ��r.e or by makin� a direct payment to --�„�„_�;�.i�-!
<br /> Bormwer.If a refun�reduces principal,the reduction will be ueated as a partial prepayment without any prepayment charge . ...-i� �:
<br /> , under the Note. �. �'�'_..
<br /> 14.Aiotice�. My nodce tn�raower�roiaded for in this Securiry Insuument shaIl 6r given by delivering it or by mailing it • �• • • :�� �
<br /> by first class mail uNess applicab::law requires nse of aaothea method.'14�e nouce shall�directed to the Property+Address or =�.,
<br /> ' any other address Borrowa designates by r.�rice to Lender.Any notice to Lender shall be given by first class mail�Ler►der's �"�"'-"
<br /> ad&ess stated herein or any othea address L�cl�r designates by notice to Borrower.Any noflce p�-,r.�ed for in this Security ' • i_ ,;..; __
<br /> ,.r• -.
<br />. Instrument shall be deemed to have been given 2o Boimwer or Lender whea�given as providrd in this�apb. �•. . �+e�'a;�a=�--.
<br /> 15.Governing Law;Severab�ity. 'il�is Security Instivment shall be goveaned by federal 1aw and the law of the � �
<br /> . juri3diction i.� whic6 the propeaty is located. In the event that any provision ar clause of this Seeurity Instrument or the Note r;�,--;.°•�,;�:::,:-
<br /> contticts with applica6le law,such conflict shall not affect other provisions of this Security Insuument or the Note which can be � .
<br /> given effect without the conflicting provision.To this end the provisions of this Security Inshument and the Norc are declared w ` � . ..
<br /> � be severable. � , —
<br /> Form SU28 �/90 ' • � �
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