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<br /> _ . ' ` , payments may no loager be reqvired,at the option of Lender,if mortgage iusurance coverage(in the amount and for the period •
<br /> � that i.ender requires)provided hy an insurcr approved by L,cnder again becomes available and is obtained.Borrower shall pay . :`��.;.. .
<br /> . � the premiums required to maintaia mortgage insvraace in effect.or to pmvide a lass reserve,until the requiremeat for mortgage �:�'... .
<br /> ' • � �-
<br /> ', . '� insurance ends in accordance with any written ageement between Borrower and L.ender or applicable law. �der shall give _ •-- 4.;�
<br /> ` . g.t�pection.L�nder or its ag�t may make reasoaable entries upon and inspeccions of the Propesty _—._ �..-_,��
<br /> �" ` :. -�f� Borrower aodce at the time of or prior to an inspection specifying reasonable cause for the inspeccion. ` " ..
<br /> ` • 10.CoudemnaBoa.'Ihe proceeds of aay award or claim.for damages,direct or wnsequeatial,ia connection with any
<br /> ��� : ' coademnatioa or other raidng of any pan of the Property, or for conveyance in l i eu o f co a d emna tion,a r e hereb y assi g n e d and _
<br />,,�"�. _ �� shall be paid to L.eader. - ` � �
<br /> �`, , , In the eveut of a tota!tatcing of the Property.[he praceeds shall be applied tq the sums secured by this Securiry Insavment, ;. �.'..�:;
<br /> R�; � ' whether or not then due,with any excess paid to Barrower.In the eveat of a partial taking of the Property in which the fair , _
<br /> � market value of the Property immediatety befoic t6e taking is equal to or greater than the amount of the sums secured by this � ., .
<br />=��, Serurity insuument immediately before the tat�ng,unless Boirower aad Lender otherwise agree in arciting,the sums sec�red by {�`_ , -
<br /> `: � �6is gecuriry Instnunent shali be re�tuced by the amouat of the proceeds mWtiplied by the following fraction. ta)�e total
<br /> "'' amouni of the swns secured immediatelY before the takiag,divlded by N)the fair market value of the Property immediately • -�v
<br /> f, . _
<br /> `_�r: � ' before the taking. Aay balance sbaU be paid to Bosmwer. In the event of a partial takiag of the Property in wl�idi the fair •
<br /> �; . , •` � . market value of the Property immediately before the taldag is tess tban the amount of the sums secured immediately before the �
<br /> takin8,unless Borrower and I.ender othetarise agree ia writing or unless applicable law otherarise pmvides.the pzaceeds shall . --
<br /> _'` , be applied to the sums secured by this Security Iasaument whether or not the sums are then due. _` __
<br /> ��`` • � - If the Pro p erty is abandoned by Borrower.or if,after nouce by Lender to Borrower tl�at the candemnor offers to make aa ___ _ __
<br /> award or settle a claim for daa�ages, Borrower fails to respond to Lender ari t h i n 3 0 d ays a f ter t h e d a t e t h e n o t i c e i s g i v e n, _ ,�.,
<br />.`Y;;� ' � '. � l.ender is authorized to collect and apply the pmceeds,at iu option,either to restoration or repair of the Property or to the sums -.`;<�^_
<br /> secuced by this Security Insuument,whether or not thea due. , }��z,`:
<br /> �, ' • Unless I.ender aad Botrawet otherwise agree in wridnS, anY aPP�ication of proceeds.to Qrincipal sha11 not eatend or '_��:=:
<br /> :.: �...,,..�.j..� -;_._-
<br /> �.. ' , postp�ne the due date of the monthly payments refetred to in paragiaphs 1 and 2 or change the amou�t of such payments• �.:�.. ,�-
<br /> ", ' ' 11.Bomowcx Not Reteased;Forbearance By Lcnder Not a Waiver.F.xtension of the time for pa}mlent or modificazion
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<br /> of amoiti�tion of the sums secured by this Secwlty Insaument 8canted bY I.ender�o�nY���r��erest of Borrower shall : *,�,�,
<br /> -'�'. not opeiate to release the liability of the odgtaal Borrower or Borrower's successors in iaterest.ixnder shaU not be required to
<br /> _ ;:) . , . wmmeace proceedfings against Y `..1f:���'
<br /> an succe.csor in interest or�efuse to extend time for paymeat or othernise uwdify amurtizatfon � ;
<br /> � ' � ' of the sums secured by this Security inswment by reason of any demand made by the original Borrower or Boaower's . , , '� ':
<br /> succ�surs in inte�est. Any forbeazance by I.euder in exercising any right or remedy shali not be a waiver of or pteclude the . . -;•:-�;•�� �
<br /> � , �. exercise of any right or nmedy. .. :'�;�'�.n
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<br /> . 12. Sacce�ois and Asstgns Bound;doirt and Sevwal Liability; Co-stgners."fhe cavenants and agreements of this . .:•..,�..
<br /> Ig s ..���;f`t . '•: '
<br /> ' : Security Insuument shall bind and benefit the successors and assigns of Lender and Borrower, subject ro the pmvisions of . ,`��^_
<br /> � paragcaph 17. Borrower's coveuants and agreeinents shall be joint and several. Aay Bnrrower who co-signs tliis Security �__
<br /> " Insuument but does not execute the Note:(a)is co-signin8 this SecuritN Instrument°nly t°mortgage, grant and convey that :':.'•�--:
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<br /> Eorrower's interest in the Pmperry under the terms of thls Secauity Instrument;(b)is not personalty obligated to pay the sums , µ.:,.
<br /> ;.. _
<br /> __- . -.- � secured by thts Security instrument;and(c)agrees that 1.ender aad any other Borrower may agree to extend,modify,farbear or ..:• .._._. ,,.,��_,
<br /> ?,r�: ' ' raake arryy accommodations witb regard to the tera�s of this Securiry lnstrument or the Note without that Borrower's oaasent. -_
<br /> ' • 13.Loaa Charge9.If the loaa secured by this Securiry Insaument is subject to a law which sets maximum toan charges. ' . '-"o`�.
<br /> � • ':.' i and that law is tinaliy iaterpreted so that the interest or other loan charges coltected or to be collected in connect3on with the �_
<br />- • � � loan eaceed the permitted limiu,then: (a)any such loan charge shall be reduced by the amouat necRSSary to teduce the charge ,`'� �-
<br /> ` to the permitted limit; and(b)anY sums alreadN�°�tected from Boaower which exceeded permitt0�timits will be refunded to
<br /> � . �. � �i Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dlrece . .
<br /> • � � payment to Boaower. ]f a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> '�.;,':. � � prepayment charge under the Note. . :..
<br /> � " ' � ; 14.Notices.My notice to Borrower provided for in this Securiry Instrument shall be given by delivering it or by mailing
<br /> � '. � it by first class mail unless applicable law requires ase ot another method.The notice shaU be directed to the Properry Address , . ..
<br /> ' or any other addtess Borrower designates by notice to Lender. Any noNce to Lender shall be glven by first class mail to
<br />" ' � � Lender's address stated herein or any ather address L,ender designates by notice to Borrower. My notice provided for in this :_�
<br /> . � , . S¢curlty Insuument shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. .
<br /> � 15.Governing Law; Severability. This Secnrity Instrument shall be govemed by federal law and the taw of the
<br /> � • . jurisdiction in which the Property is located. In the event that any provision or ciause of this Sece:riry Instrument or the Note • _
<br /> '' ��` • contlicts with applicable law,such confllct shall not affect other provisions of this Security Instrument or the Note which can be ,
<br /> . � given effect without the conflicting provision.To this end the provisions of this Sesuriry Instrument and ihe Note are detlared .
<br /> , � , to be severable.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument. _
<br /> .:. Form 3028 9/90 �
<br /> , . �0 6VtNEl�sz�a�.oi Pag9 A ot 8 ��wwars��,_ ' . .
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