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<br /> ' . ' ` ,' payments may no tongEr be reqnired,ai thr option of Lender.�mortgage iasurance co�retage('m the amount and for the period . � . .
<br /> _ that I.euder reqnires)Pmvided by an insurer approved by I�ender again beoomes available and is obrained.Borr�ower shall pay the . . . .=..
<br /> ` � - premiums requimd tn waiataia mortgage ias�uaace in effecK.or to pmvide a toss reserve. unril tt►e cequicement for mortgage . . . . ��= .
<br /> • -F;�'".] insurgnoe ends m accaidance with any written agreement beiween Boicowe,r aud Leadea or applicab2e taw. _ -.
<br /> : ,_--,__ ns of thc Leades shall give --�_ --�- �=` -�-.
<br /> � ` 9 Inspecbton. I�euder ar as ageat may mage�onabte eatries upon and�ar° �Y• . . ; >
<br /> • ' . Bomoaer notice az the wne of or prior to an�pec�ion specifYmS�easonable cause for the iaspecrinn �..`-` ,
<br /> � IO.Condemnatfea. 'Ihe pmceeds of�y award a�r claim for damages.d i r e c t or conseq�e a ti a l,�c o n n e c ti n n w i r L�n y . .
<br /> � � :. coade�ation ar other takmg of aay part of the Propesty,or far oonveyance in lieu of condemna�on,are heieby assigned and . , .F � . ,'
<br /> � • shaD be paid to I.ender. ' .` 4�.
<br /> " < ` Tn the event of a wtal tal�g of the Prnpeity.the grnceeds shatl be applied w the sums secured by this Se�auiry Insuumeut, �• �,'` `. .,
<br /> . . `�,- whether or aot th�due,with a�►Y excess paid w Bormwer.In the eve�t of a panial takmg of the Property in w6ich the�anr marlcet . -
<br /> � • value of the PropeRy immediately before ihe taIdng is eqnal ro or greater than the amount of the sams sesured by this Seca�ity � ..:�;<��,;::
<br /> � ' I�rament im�nediaiely before the�Cing,untess Boaowea and I.end�otheawise agree in writing,the sams sec�red by this , -•.---
<br /> . _ . . :'�r��F.'.,.
<br /> g¢cauicy Iastrumeut sdaU be reduced by the amount of the graoeeds mnitiplied by the foItowing fi�tion:(a)the rotal ffinoont of - - :�,�-_.:
<br /> : :,�_.
<br /> the sums sec�aed immediately beforc the�aking,divided by(b)the fa'a m�lces vaIue of We Property immediately befoie the _
<br /> talting,Any balance shaU 6e paid tfl Barmwer.En the event of a pa�dal hal�ng of the Propeaty in wdich the feior market valne of ths . �--
<br /> . - � Pcopecty unmediaiely 6efore the taking is less d�an the amo�mt of the sum�secared immediately before the taking, aaless ;'.:.'�'�
<br /> . . << Boaoa��d ia.�3e�othetarise a8ree in writing ar untess a�pluxble 1aw other�rrise paovides,the procee�s shall be applied to the � , �- ` •a-_=
<br /> °�;.-�._�
<br /> . '-' smas secur�ed fi'tfis SecuretY Instr�ment wheth�or not die swns are thea due. ; .... .,� �-�`
<br /> ' If the Propaty is abandoned by Borcower,or if,afrer notice by Lender to Brnmwer tt�at the candemaor o�eas w make an ,--;--- � .�...
<br /> - � . '.�, aR�ard or setue a c1a�for damages.Borrower fa�s to respoBd w Lender within 30 days aft�the date the notice is given,Lender � "- ,�•l�,-
<br /> is aatharized to caUect and agply the pmcced.s,at its oprion,eithea to resw:ation or repaa of the Property or to the sums secared '•., .' �,..,-�:-r;;:
<br /> ', - ' bq this Security Instrument,whethea or not thea dae. . . '_�;•,,,;,�-..:
<br /> �......._.-
<br /> ''�' Unless Lea�da mid Bosrowa oihawise agnee in writing,anY aPPlication of proceeds w principal s1�aD noi extend ar postpoae - • " �,"�-.•�
<br /> . � the due date of the awnthly payments referred w iu paragiaphs I and 2 or change the amoant of such payments. �,;:�,
<br /> ` 1L Borrower Not Released;For6earance By Lender Not a Waiver. E�sinn of the time for paymeat ar modi��tion ,_ :•� �'���a�.i'°
<br /> '� ', .�f��.
<br /> � ;�. of amo�ration of�the sams s�by this Secarity Imtrument gr�ted by Lendea w any successar ia intec�st of Bormwer shall `�.,�,*.�_
<br /> ,# not operate oo zelease the liab�iry of thc orig"mal Borrnwer ar Bormwea's successors in intesesE.Lender shatl not be requaed w '�;=r
<br /> commsnce Pmceedu►Ss against anY sascessor in intr�est or refase to exta►d mne for payaaeat mr otherwise madify amaz�arion of ;,�a;
<br /> e ta►
<br /> ! the svms secured by this Secarity Insuument by reason of any detnand made by We original Bormwer or Borrower's successors .'�;:;�`.� ,%. �r,��:
<br /> • ;. in iaterest.Any forbearaz►ce by Lender in exerci�S�►y right or remedy shail not be a waiver of or precinde the exeacise of any . ; '-��"
<br /> �'�''r:-
<br /> right or zemedy. =��?��.:
<br /> � IZ.Suece�ors and Assigos Bound;Jofnt and Sev�al Liability;Co-stgnera. The covenants and a� of dus . • - •�.
<br /> • Setaairy Insaament shall bind and benefit the successois and assigas of Lender and $oaower. snbject to the prnvisians of �• :: ' .'.. �'`�`-_
<br /> ' pa�agra�h 17. Borrower's covenants and agreemenis shaU be joint and several. Any Bonower who co-signs this Sa�uity "'r �
<br /> ;L �_
<br /> Instrument but does not execute the Note: (a) is co-signing thic Sec�uity Insuuwent only to mortgage,grant aud coavey that , • �K>
<br /> � Bormwa's inteaest in the Pioperty under the tPrms of this Security Insmunen�(b)is not pasonally obligated to pay the sams ,':����';
<br /> � sec�ued by this Secaairy insuument;and(c)ag�ces that Lender and any other Bonowea may a�ee W ext�end,modify,forbear or . . .:�;�:-
<br /> malce any accommodaaons with regard to the terms of this Security Insuume�nt or the Note withont that Borrower's consen� ..,� ' .-
<br /> � � 13.Loan Chargea If the toan seGUed by this Sec�uity Instrument is subjeci to a laa►which sets maximum loan charges. . '` ���.
<br /> � '�� and that 1aw is finalIy inteapreted so ihat the interest or other toan charges collected or to be collectcd�conneqion ari t h t he loan .. . ° , .
<br /> ,. �. •� cxceed the permiued timits.then:(a)anY such loan charge shaU bc mduced by the amount necess�y to rrduce the charge w the ... � ;� ., � ,,
<br /> . � pem�itted limi�and(b)any sums already collected from Borrowea which eaoeeded peamitted limits will be refunded to Barrowea. . .
<br /> • � .� Lendea may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to .. ; •
<br /> Horrowear. If a refnnd reduces principal,the reduction wiU be treated as a parrial prepayment arithout any prepayazenc charge
<br /> • • , � under the Note. • •
<br /> 14.Naticea Any noticc to Borrowcr provided for in this Security InsGrsment shall be given by delivering it or by mailing it
<br /> ,.. . 7 by first class mail unless appllcab2e law requires use of anothcr method.The notice shall be directed to the Property Address or � �
<br /> . 1 any other address Bonower designates by notice w l.ender.My nodce to Lender shall be given by first class mail to Lender a .�
<br /> . • � address stated herein or any other address Lender designates by notice w Borrower.Any notice pravided for�this Security
<br /> � Inswment shall be deemed to have been given to Borrower or Leader when given as provided in this paragra�h.
<br /> ; �5.Governing Law;Severabi9ity. This Security lnstrument shall be govemed by fedcral 1aw and the law of the
<br /> � jurisdiaron in which the Property is tacatcd. In the event that any previ�ion or clause of this Sec�ity lnstrument or the Note : ; . •
<br /> ' • ' confticts with applicable law.such conflict shall not ai[ect other provisions of this Securiry Instrument or the NoLe which can be ,
<br /> ,�` ' + given effect without the coniticting provision.To this end the provisions of this Securiry Insuument and the Note ace declared w �
<br /> . ;� be severable. • •.
<br /> . . i
<br /> Form 8028 9/90
<br /> • �•8N(NE�192t2).of Papes ot A �niUau: �
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