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<br /> paymcntti may no lungcn c�rcquired. ut thc��ptiun uf I.xndcr,it murt�;ngc in,urancc covcragc I in th�nmi�um imd fi�r thc periud
<br /> thut l.cudeP rcquires)providcJ by un insurcr upprovcd by l.cndcr iip.:iin beclmicti irvailuhlc and is uhtaincd. 13arruwcr ,hull��ny
<br /> thc prcrniums rcquired to tnaintain mortgagc insurancc in cffcct.�ir tu pruvidc a Inss rcycrvc.until thc rcquiremcnt for moi-tgugc �'
<br /> insurancc cnds in urrcttduncc with any �vrittcn ugrccment bctwc�n Burruu�i•and l.cndcr or applicahlr I,nv. �
<br /> � �� 9. lns�x�ctton. I.cndcr or it.agent nwy raakc rcusonablc c�stric+ upun ai►d inspectic�ns uf thc Property. I.cndcr shnll givc —
<br /> Borrowcr noticc at thc timc of or prior to an intiperti�m r:pccifying rca�+�nablc cuuac fur thc inspcction.
<br /> fi l0. Condenuiatlon. Thc pracccds of uny �iwnrd or claim fbr �famugc,, dire�t nr cunticyucntial, in a�nncction with nny
<br /> cundcmnation or othcr taking of uny pan of ttic Property.ur for cnnvcyuncc in licu of rundcmnati��n. .ire lurcby ussigncd iuid
<br /> :. shall be paid to Lendcr. _
<br /> , �, ln the c��ent of a total taking uf thc Prnpcny, tlie pnxeeds shull bc applicd to thc,u►ns+ccured by this Scrurity Instniment, _
<br /> whethcr or not then due, with any exccss pAid to Borrrnver. In thc evcnt of u partiul tuking af thc Property in which Uic fuir
<br /> ' �. markct value of thc PropeiKy immediately before the taking is equal to or grcuter than thc amount of thc sums secured by this __
<br /> ' ��' Security [nstrument immediatcly bcforc the taking, unless Borrawer und Lender��therwisc agree in �vriting,tNe sums securcd by �
<br /> '� this Security lnstrument shall be reduced by the umount of the proceeds multiplied by the following fraction: (u) the total _
<br /> � amount of the sums securcd immcdiatcly bcfore the taking. dividcd by(b)thc fair mdrket value of the Property immcdiately
<br /> bcfore the taking. Any balance shall bc paid to Borrower. In thc event of a partial tal:ing of the Propeny in which the fair L
<br /> ` markct valuc of the Property immediaeely before thc tuking is less than the a�nount of the sums secureci immeciiutely befurc tlie =
<br /> � talcing, unless Borrowcr and Lendcr othenvise agree in�vriting or unless applicablc law otherwise pravidcs, the procecds shall —
<br /> ' • be applied to the sums secured by this Security Instrument whether or not the sums are then due. �
<br /> :-- "'�'*� � [f the Property is abandoned by Bonower,or if, after notice by Lender to Borrower that thc wndemnor offers to make an
<br /> ' award or settle a claim for damages, Horrower fails to respond to Lender within 30 duys after the dute the notice is given,
<br /> ''"-'�-:�'.a� L.ender is authorized to e•�Ilect and apply the proceeds, at its option,either to resroration or repair of the Property or t�the sums —
<br /> �;�w,�,� secured by this Security Instrument, whether or not then due.
<br /> ` Unless l.ender and Borrower otherwise agree in tivriting, uny application of proceeds to principal shull not extend or
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<br /> �. r..b_ postpone the due dute of the monthly payments referrcd to in paragraphs 1 and 2 or change the amount of such payments.
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<br /> �� :. e I1.Borrower Not Reletued; Forbearunce By Lender Not A W�+iver.F.xtension of the time for payment or modification
<br />'°���� `� of amoni�ntion of the sums secured by this Security Instrument granted by i.ender to any successor in interest of Bonower shall
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<br /> . not operate to reiease the liability of the originul Barrower or eonower's successors in in[eresc.i.c;noer snaii�wt uc ir,�jui�ai to
<br />,. •�- y' commence procee�iings against any successor in interest or refuse to extend time for payment or otherwise modify amortiwtion
<br />:=r��r:��'_:, of the sums secured by this Security Instrument by reason of any demand made by thc original Borrower or Bonower's
<br /> '�°'�"� - successon in interest. Any forbearance by Lender in exercisins any right or remedy sha�l not be a waiver of or preclude the
<br />-_:+��� exercise of any right or remedy.
<br /> f�'�"'�"��" 12. 5uccessors and Asslsns Bound; Joint und Several Liubillty; Co-signers. The covenants and agreements af this
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<br /> =iq�,�� Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions o
<br /> ---;� pnrngruph 17. Borrower's covenunts und agreements shall be joint und several. Any Borrower who co-signs this Security
<br /> ---=-�-�� Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> - ' — lBorrower's interest in the Property under the terms of this Securiry Instrument; (b) is not personally obligateci to pay the sums
<br /> secured by this Security Instrument; and(c)ngrces that Lcndcr and any other Bonower may agrce to extend,modify, forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Chat�es. If the loan secured by this Security Instrument is subject to a law which sets maximum loan churges,
<br /> and that Inw is finally interpreted so that the interest or other loan churges collectecl or ta be collected in connection with the
<br /> lonn exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the churge
<br /> _____ - to the permitted limit: and (b)any sums ulready eollectecl from Bonower which r.xceecled permitte�l limits will be refunded to
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<br /> �- Bonower. Lender may choose to make this refund by re;ducing the principal owed under �he Note or by making a �rect
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<br /> — � payment ro Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without ttny _
<br /> � prepayment charge under the Note.
<br /> 14.No!(ces. Any notice to Borrower provided for in this 5ecurity Instrument shall be given by delivering it or by mniling
<br /> °-----_`�" it by first class mail unless applicable law requires use of anotl�er method.The notice shal{be directed to the Property Address
<br /> _____,_� or uny other nddress Borrower dcsignatcs by notice to Lendcr. Any noticc to Lender shall be �iven by first c:ass mail to
<br /> ==—° Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice provided for in this
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<br />�:'��;�,� Security Instrument shall be dcemcd to have been given to Borrower or Lcndcr when given as provided in this paragraph. ;'_
<br />�_..,�;_,r,��+f. 15.Governing Law; SeverebiUty. This 3ccurity Instrument shall be govcrned by fcderal law and the law of the
<br />-`.?��;�"� jurisdiction in which the Property is located. In the event that uny provision or clause of this Security Instrument or the Note
<br />;;,-.'� "'�,.;i conflicts with upplicable law, such conflict shall not affect other provisiuns of this Sccurity Instrument or the Note which can be 1
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<br /> - •:�:'�;' given effect without the conflicting provision. To this end the provisions of this Sccurity Instrument and the Note are declared
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<br /> to bc sevcrablc.
<br /> �yG�•_��'..,.; 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> -'<'�`�'= • Form 302f! 8/90
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