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<br /> . `` ' •J • ���s ���1.I�ip . � t ,' .
<br /> _ ; t payments may no longer be required,at the oprion of Lender. if mortgage insusance coverage(in the amnunt aad for the periad �
<br /> �� that Lender requires)pmvided by an insurer appmved by Lender again becomes ava�able and is obtained. Borrower shatl pay . ; " . . � ' '
<br /> ' -•� the premiums required to maintain mongage;++��*�nce in effect.or to provide a loss reserve.until the requirement for mortgage , =-- - - -- . .
<br /> _ --__. ' insurance ends in acwrdaa�wirh any wriuen agreement betweea Borrower and Lender or appGcable law. . ��.-.��..�'. `�... .-.�
<br /> ... ^;_;� r-. —;---:,—.._ •
<br /> 9. InspedFon.Lender or iu agent may make rzawnable entries upon and inspe�xions of the Property.Lender shall give , 4 ..
<br /> ; Borrower notice at the time of or prior to an inspection specifying�easonable cause for the inspection. . , � . , .
<br /> ' � 10. Condemnatton.The proceeds of any award or claim for damages, direct or consequential,in connectioa with any - -
<br /> � �� i condemaation or other taking of any part of the P�aperty,or for conveyanoe in lieu of condeamation,are hereby assigned and ; ` •- • ;
<br /> # shall be paid to I.En�r. �
<br /> . � _ In the event of a total taldng of the Pmperty,the pmceeds sl�all be applied to the sums secured by this Secarity Ins�ument, , �;<<�.�,�
<br /> •• • � whether or not then due.witL any excess paid to Borrower. In the event of a pactial raking af the Pmperty in which the fair - �``i�
<br /> • market value of the Froperty immediatety before the[aking is equal to or greater than the amount of the sums secured by this ' .. • �'''� ,:= - �,
<br /> -. .���-
<br /> ' Securiry Instrument immerliately before the taking.nnless Bormwer and Lender otherwise agree in writiag,the snms secured by . _ ..
<br /> . . ` this Securiry Insuument shall be reduced by the amouat of We praceeds multiplied by the following fraaion: (a)the total . '.��•���°
<br /> �� amount of the sums secured immediateJy before the taking, divided by(b)the fair muket value of the Properry immediasely �I J
<br /> - befose the taking. Any balance shall be paid to Borrower. In the event of a partial taldng of the Property in wtuch the fair • :-�-���'�."�"
<br /> . � � market value of the property+immediately before the taking is less thaa the amount of the sums secvred immediasely befoie the :. �.� '��-_�>-
<br />.. . . . taking,unless Bomower and Lender othecarise agree in wri[ing or unless applicable law othetwise pmvides,the proceeds shall ,_�.-•
<br /> - � � . be lied to the sums secuted b this Securi Insuument whether or not the sums are then due. �� '�
<br /> • , aPP Y tY -., s,�sm'.,.
<br /> ''� . If the Property is abandoned by Borrower,or if,after notice by Leader ta Borrower that the condemnor offers to make an ;;.;�-g=-
<br /> award or settle a claim for damages, Bonower fails to respond to Lender within 30 days after the daze the notice is given, -. " ��'°
<br /> � .� Lender is auWorized to collcxx and 1 the mceeds,at iu o tion,either to restoration or r air of the Pro e or to the sums ';�..`'�
<br /> , sec�ned hy this Security Insavmem,vvhether or nat then dae. P eP P rtY , 1 �.:.��,�,
<br /> .u.,�_�
<br /> _ • :�*�-.�d
<br /> : Unless l.cnder and Borrower otherwise agree in writing, any application of pmceeds to principal shall not extend or -,'�:�'
<br /> postpone the due date of the montWy paymcnts referred to in par�graphs 1 and 2 or change the amount of such payments. �:�y �:.•�','_;�"�_
<br /> � 11.Borrower Not Yteteased;Forbearaace By Leader Not a i�Vaiver.Facteasion of the time for paymeat or modiScation . ' �--
<br /> . of amortization of the sums secured by this Security Inswment granted by Leuder to any successor ia interest of Bormwer shall �(°` !.�{'`��"e'
<br /> ' : not operate to release the liabiliry of the origiaal Bo�aower ar Borrower's successors in intecest.Lender shaL1�t be reguired to "' _
<br /> .. commence pmoee�iings against any successor in interest or refuse to eatend time for payment or othernrise wrodify amostization `: �::-;.:-:;�-
<br /> - . � of the sums secured by this Security Insorument by reason of aay demaad made by the orlgInal Bonower or Barrower's � . • ;;��._
<br /> � � . successors in interest.An}r fosbearance by Lender in ezercising aay right or remedy shall not be a waiver of or preclu�e the � •
<br /> � ��.
<br />._t . e�cercise of any righc or remedy. ` '==�Q--
<br /> . 12. Successois a��Assignv Bound; Jotnt and Severa!LlabiUty; Co-signers. The covenants and agreemenu of tlris � • ,--'-�c�"
<br /> CCG S
<br /> •� . � � Securiry Instrument sha31 bind and ben�t the successots and assigns of Lender and Borrower, subject to the provisions of � � �,``�
<br /> • �::;.�
<br /> ' � paragraph 17. Borrower's covenauts and agreements shall be joint and several. Au}+ Borrower who co-signs this Securiry � � ,
<br /> � Instrument but does not execute the Noce: (a)is oo-signing this Securiry Instrument only to mortgage, grant and wnvey Wat • � ';.: ��
<br /> � Borrower's iaterest in the Froperry under the terms of this Security Insuvmenr.(b)is not personally obligated to pay the snms . � �.R-..
<br /> ;:-, secured by this Securiry Instrument;and(c)agrees that Lender and any other Borrower may agree to eatead,modifjt,forbear or ,,� " :=�ts:�.
<br /> • make any accomraadatioas with regard to the terms of this Security Instrument or the Note without that Borrower's wnsent. � ;��
<br /> 13.Loan Charges.If the loan secumd by this Seturiry Instnuaent is subject to a law which sets maximum loan charges. ' '�`=°�`
<br /> � - and that law ls finally interpreted so that the interest or other loan charges collected or to be collected in connection with the � . � '�. -"�
<br /> °`" . loan exceed the permitted limits.then: (a)any such loan charge shall be reduced by the amount necessary to reduce the chazge � �. `"�'`
<br /> ' • to the pemutted limit;and(b)anY sums already wllected from Borrower which exceeded permitted limiu will be refunded to _ ` ' � �
<br /> _ • .,s••...•�
<br /> , ,. , Borrower. I.eader may c�oose co make this refund by reducing the principal owed under the Note or by making a direct .... .
<br /> " • � � • paymenc to Borrower. If a refund reduces principal, the reduction will be treated as a panial prepayment without any • •
<br /> , � prepayment charge under the Note. � :
<br /> t 14.Nofice�.My notice to Boaower provided for in this Security lnstrument shall be given by delivering it or by mailing : �
<br /> �i� � �� it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Propetty Address • ..
<br /> or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> I Lender's address stated herein or any other address Lender designates by notice to Eorrower.My notice provided for in this ,
<br /> Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph.
<br /> --- 1 15.Governing Law; Severability. This Se�urity lnstrument shall be governed by federal law and the law of the
<br /> ',', „ ! jurisdiction in which the Property is located. In the event that any provision or clause of this Security lnstrument or the Note �
<br /> � conflicts with applicable law,such wnflict shall not affect other provisions of this Security Insttument or the Note which can be . . � { .
<br /> , i given effect without the conflicting provision.To this end tBe provisions of this Security Instnunent and the Note aze declared
<br /> � to be severable.
<br /> 16.Borrower's Copy.Bonower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> � . Form 30 9/90 ,
<br /> �-6R(NE)�ez�si.o� Pag34of 6 ��mau� �
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