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<br /> . ` . payments may no tonger be required.at the option of Lcnder,if�seongagc�mu�suran aceilaCOble and u obtained.Botrower�shall pay�he � �`..�`,` .`
<br /> . . tkat Lender re�uires)Provi d c d b y a n u L C U r e s a P i u oved b y Lender again .
<br /> ' ' pcemiums cequired w maintain mongage insuraac�in etfecb or to provide a loss reserve.anW the requinment for mo rt g a g e . ;.",-�
<br /> =:,4 �-", insivance ends m accorcfance with any written agceemeat 6etween Borrower and Lender or applicable law. Leader shall give � , _ .
<br /> r an
<br /> � 9.Inspection Leuder or its agent may malce reasonab2e enuies upon and inspectioas of the FropertY• �� .
<br /> � Borrower notice at tt►e time of or pr.iar to an inspe�tion sPecit}'i�g�OD�te c�se for the inspection.
<br /> . . 10.Condemnasion. The pmceeds af any award or claim for darnages.direct or consequenrial, in connection with any _ ;. ,
<br /> , coademnarion or other taking of any part of the PmpeitY,or for conveyance in lieu of condemnation.are hercby assigned and _ : ,� .,
<br /> ' ` sdall be paid tfl I.ender. ' ,'`,'.; .
<br /> . •, : hed to ihe sums secured by this Seauity Instrument, . ;• ,, .�, ,..
<br /> °.� ', In the event of a wtal taking of the Propeny,the pmceeds shall be app' m wtuch the fair marlcec •; �,.:: ,.
<br /> � � whether or not thea due,with any excess paid to Borrower.Ia the event of a�paitial��°i f th o�sec�l bY this Sec�rity 4;.'. ,�;� ..ti;-�, --
<br /> � value of the Property immediatetY before the taku►g is equal to ar greaier .; .; �,� --
<br /> ,;:.,-�.:_-.,
<br /> Insaiiment irnmediiatelY before the takuig,wdess Borrower and Lender o t herwise agree in writu►g,ihe sums seciued by this '` ;, �� ",�. i.
<br /> • .•L v__'
<br /> . r : ��urity Insprument shall be reduced by the amount of the pcoceeds muldPlied bY the following iracdon:(a)the total befa�the '>,-,'= � .-���;;a`=,�
<br /> ., � '�� the smns seccued immediately befose the taking,divided by (b)the fair maricet vatue of the Property imme�iatetY .
<br /> � �ing•pnY halance shall be paid to Borrower.In the event of a pardal talang of the Property in whic6 the fair market value of the ' :`�`__
<br /> � . ,- pu�per�y immediately before the wkinS is tess than the amount of the sums secured immediately bef������ �;,',f..;;.•:�-.:
<br /> ' Borrower and L,ender otherwise agree in wriUng or unless aPPiicable law otherajise provides,the proceeds ..�•,a�..�.
<br /> . soms secured bY this SecuriiY IasFrumeat whether or nnt the sums are tfien due. _.. . •����
<br /> � � . If the Property is abandoned by Borro�ver,or if,after no6ce by L.eudcr to Borrower that the candemnm offers w make aa __ _. .
<br /> . : . • , award or settle a claim for damages,Bonower fa�s to respond to Lender within 30 days after the��e oi��e�sums ecured ..� ' "-�=
<br /> d a 1 the roc�ds,a��s oprian,either w reswration or repa�r of the operty . :.�-;�t,:_
<br /> is sutYtorizsd w colle�t an PP Y P r�:: ,•�,
<br /> � by this Security ins�ument,whether or not then due. v `� .
<br /> - Uatess L.ender and Borrower otherwise ap�eee in writing,anY ePPUcadon of pmceeds to principal shaU not ea�tend or postpone � ''° ' :v
<br /> . �
<br /> � ` t6e due date of the monthly payments re fen e d to in para S c a Pl�s 1 and 2 or chaage the amount of such payments• ,4
<br /> . -'�•'.A. � •,.��.
<br /> � '� ' 11.Bor�ower Not Reieased;Forbearance By Lender Not a VNaiver. Fa�teasion of the time for payment or modiHcatifln .. • ��l,�- .y
<br /> � . .; , af amoruzation of the sums secused by this Security Insuumeat�anted by L.ender to any successor in II►tcsest of Bormwer shall .�-:,.
<br /> ' � ��'t not operate w release tite liability of the original Barrower or Borro�rer's successors in intcdest.Leader shall not be required to � E� �_
<br /> .,�
<br /> ' •,,�.. cammeace proceedinSs aSainst aay successor in intere.st or refuse to extead time far payment or otherwise modifY amortization of � � ,r�.,.:.
<br />` `''' the sums se�+ued by this Security Instrument by aeasan of any demand made by the original Barrower ar Borrower's successors . :�=:
<br /> . -�t;�+r�:-�.
<br /> in intemst,Any farbearance by L.ender in exerclsinB anY ngt►t or ranedy shaU nat be a waiver of or preclude the eacercise of any . �,�_,
<br /> . . . right or remedY• . ; �
<br /> . . ors and Ass'sgns Boand;Joint and Several Lia6�ity;Co�signRers.'I�e covenants and ageements of this . ` �_
<br /> � 12.Success S`g . a:r`
<br /> ` � gecurity Instmment shall bind and benefit the successors an d assi g n s o f I.e n d e r an d B o s r o w e r,s u b j e c t t o t h e i s r ovisions of .::��_,
<br /> . _ .._ r:-�_
<br /> ' • paragraph 17. Borrowec's covenants and ageemenis shall be joint and several. My Barrower who co-signs this Se��uity . ... �;�-.-
<br /> '—r.,��..:;
<br /> ' � Insaument but daes noi eaecute the Not�: (a) is co-signing ihis Securiry Insuumeat only to mortgage.grant and wnvey that �.�-,-„
<br /> Horrower's interzst in�hc Praperty uader the terms of�his Security Instrument;(b)is not pe�sonally obligated w pay the sums e�,-
<br /> -- . . secured by this Secwiiy insuumcni;pnd(c)ag�ees thai Lendcr and any other Borrower may agree to extend.a►udifY.forbeaz or . __:.�,:��.
<br /> � make any accommodations with regard tn the terms of this Se�uricy lnstrument or the Note without that Banower's consea� .;�';��,�;:
<br /> ' -.� � 13.Loan C6argea If the loan scxured by this Security Insuument is subject to a law which sets maximwn loan charges. �;:
<br /> ar
<br /> , . .:. ,. Nt-_
<br /> ., and that law is finally interpreted so that the mterest or other loan chasges collected or to be coltected in connection with the loan . . j
<br /> � _• � exceed ihe permitted limits.then:(a)any such loan charB�sh��w�h excecded perrtiitted tun� be refuttded to Boaower. � . ` _" ;
<br />� . • p e r m i tt e d li m i�a n d(b)a n Y s u m s a l r e a d y c o l l e�t e d , : ,. •
<br />•� � � � � I,ender may chaose to make thLs refund by rcducing the principal owcd under thc Note ar by m a k i n g u d i r c�t 's�Y��ge , _�._.
<br /> �� � . Borrowe�. It a refund reduces principal,the reducdon will be ueated as a partial Arcpayment without any prepaym _ � ,, ;
<br /> under the Note.
<br /> ' ' 14.NotIces. My nouce to Borrower providcd for in this Security Insirument shall bc given by deliverin�it or b A�gor . •
<br /> � � by fust class mail uniess applica ble law requires use of another method.The notice shall be d'uected to the Propeaty . , .
<br /> � � any ot�er address Borrower designates by natice to Lender.Any notice to 1.endes shaU be givcn by fust class mail to l.ender's . .
<br /> � address stated herein or any othcr address Lcnder dcsigcrates by noticc to Borrower. Any notice provided for in this Security .
<br /> Instiument shaU bc decmcd to have bcen givcn to Borrower or Lendcr when givcn as provided in t1�is paragraPh• , �:
<br /> . � - 15.Gvverning Law;Severability. 't'his Security lnsvumcnt shall be govemed by fcderal law and the law af thc -:
<br /> ' jurisdiction in which the Property is loqted. In ihe event that any provision or clause of this Securiry Inswment ar�he Nate `...
<br /> conflicts with apPlicable law,such can�lict shall not affect other provisians of this Security Insuument ot the Note which can be .
<br /> : ' � given cffect without thc conDicdng provision.To this end the provisions of this Security Inswment and thc Notc are dcclarcd to . •
<br /> .. i bc severable. . � - .
<br /> � � Form 3028 9/90 � ,
<br /> . . � �n�naie: . . ..
<br /> • : • � �•eR(NE�iez�2i.o� aagoao�s .
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