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<br /> ... . . � � � 9�- ��,�s�� � t� : �
<br /> . : .:. . . . .
<br /> � • ' } paymenls may no longcr be required,ai thc opUan of L.ender.ii mortgage insuiance wverage(in thts amount and for the period . `,
<br /> . . • s that[.euder cequires)proviQed by aa insur�r approved by Lender agam beaomes avaitable aad is obtaiaed.Borrower shall pay the �. C ., .•.v.�
<br /> Y�. , < .� pnRniums req�eired to maintain mongage inswance in cffect.or tn provide a loss ieserve, unn7 thc rrquirement for mortgage . �_ '
<br /> '; � insurancc endS in accordance aritti any wriueu agrecment betaeen Bor�uwer and Lender or applicable law. _
<br />:, � . ,' `� 9.Inspection. i.ender or its agent may make reamnabie enpries upon and inspecdoas of the Property. Leader shall give � '
<br /> : i p �y
<br /> - - Bonower notice at the time of ar piior ro an inspe,ctiou speeitying reasonable c�use for the inspecaon. � - - -
<br /> 10.Condemnation. 'ihe pmcceds of any award or claim for damages. d'uect or consequenrial.in coanecuon with any �" �. ' • •�
<br /> , � � condemaation or other taking of any part of the Property,or for conveyance in Geu of condemnation.are hereby assigned and � . � ;.� ` `
<br /> � + shall be paid tn Leuder. � ' ,. " . ,'% t••
<br />- ` � .� in the eveat of a mtal taking af the Propeny,the pmceeds shall be app}ied w the sums sec�tred by this Securicy lnswment, � � `�`� •:
<br /> �.�.:
<br /> ..i wheiher or not then due,with any eacess paid to Borrow�.In the e�rent of a partial taking of We Property in which the fair marlcet r .
<br /> ' ' � value of the Propeny immcdiaieiy before the takiug is equal w or greater than the amount of the snms secured by this Securiry : y,`•• `�
<br /> ::� ,�.. <,.,;,.:��. :.:
<br />�;:�: � Insuument immediatcly before the taIdng,unIess Bomower and Lender atherwise agrce in wriling, We sums secured by tdis k .. ` ' .:__.
<br />:}�t , Security Inst�umeat si�aIl be reduced by the amount of the proceeds multiplied by the foflowing fracuon:(a)the total amount of . "
<br /> �>° � the sums secured immediately before the tatang,divided bY(b)the fair m�lcet value of the Propexty immediately before the . ,...,�.�:
<br />�:s..
<br /> - , ta�ing.Any balance shall be paid to Bonower.In the event of a partial taldng of the Propeity in which the fair markei walue of We .
<br /> �:':. • ,. Property immediateSy before the tsldng is less t6aa ttie aaiount of the sums secured immediatcly before ttce ta�g, un2ess • ,
<br />:'�.� Brnmwer and Ir�der otherwise agree in writing ar unless applicab2e 1aw otherwise provides,the praceeds shall be applied to We ' ,,, --
<br />'•'� sums sec:ured by this Security InsTrument whethec or not the sums are then dae. ' � •-'
<br /> � .4�.—:
<br />��� . If the Property is abandoned by Borroaea,or if.after notice by Lerid�tn Bom�wer that ths condemnor offers w make aa , �=i
<br /> �; � ' award or settle a claim for damages,Bonower fa7s w cespond to Lender withui 30 days after tde date the notice is given,Lendra ` `° �—
<br /> is author'r�ed to collect and apply the proceeds,ai its option,eithec w restosauoa or repair of the Anperty or w the sums secured � '�.�r` :'. "°
<br /> %._ , by this Secnrity Ins�me.nt,wheth�or not ihen due. . . �T�-
<br /> U n I e s s L.�d e a a n d B o i r o w e r o t h e r v v i s e a g r e e i n w r i ri n g,a n y a p p li c a t i o n a f p m o e�d s t n p r i n c i p a l s h a ll n o t e x t e n d or p o s t p on e , .��.:•-��`Y=
<br /> � e :_..
<br /> _��'- . .� the due date of the monthly payments refeiced tn in paragraphs 1 and 2 or change the amount of suc6 paymaus. _ .:�_ ��---�-�`
<br />..-.A� - '!' : r- , •_�r—.
<br /> . li.Borrower Not Reteased;For6earance By Lender 1Vai a Waiver. Ext�.sion of the time for payment or modifi�rion _-_--
<br /> ''._; of amordzadon of the swns secured by thi�Security In.4uument�aated by Lender w any sucressar ia intrrest of Boirow�shall • '`:M�:��
<br />,.:... , , .
<br /> • .�`.���i��;,.
<br />;���; • ' � nai opezate to retease the liability of the original Borrowa or Borrower's successors in inteaest.Lender shall not he ieqnued to .,.,,.,�,�. .
<br /> .:�� '" cosnmence praceediags against aay successor in interest e�r refi�se to extend time far payment or othernise modify amor6Tation of ''�='�"-4=
<br /> ?� � ' -
<br /> the sums secured by this Security lnsoniment by reason�f any demand made by the original Bormwer or Borrower's successors �'�;,. --,�.
<br /> .. �:-
<br /> ., � in interest.Any forbearance by i.endea in exercising any right or remedy shall not be a waiver of or preclude 1he exescue of any � �. ::.'.�;�=
<br /> � right or remedy. . ' " ;-.:a;�$`
<br /> � � 1Z.Successors aad Assigaa Botmd;loini and Severa!Liab�7itq;Casigners.The covea�ants and agreemeats of this • ' - ---
<br /> � � Security Insuument shall bind and benefu the successors and assignc of Lender and Brnmwer,subject to the provisioas of ,�'` ��
<br /> ' . � paragraph 17. Bormwer's covenants and agreements shaU be joint and seveial. Any Borrowa who co-signs this Security ., . ':��:1
<br /> Inswment 6ut does not execut� the Note:(a) is co-signing this Security Instrument only m mor[gage,g�ant and coavey tteat ' ,:��=,_
<br /> <;; . � Bosower's interest in the Property under the t�rns of this Securiry Insaumen�(b) is not pasonally obligated W pay the sums . . �.:��.
<br /> •� s�cured by this Sec�u�ity Instrumenx and(�)agrees that L.ender and any other Bonower may agree w eatend,modify,forbear or . � °_
<br /> • � • • malce arry accommodations with regaM to the teams of this Scxurity Instrument or t�e Nate arithout ihat BoTrower's consent . . � .-'� '"
<br /> ;�: . ��ra�•,�
<br /> -•�° 13.Loan Charges. If the loan seciued by�is Se�rity Instrument is subject to a law which sets maxim�un loan charges,
<br />�;;�F and that 1aw is finally interpreted so that the mterest or e�er toan charges coUected os to be collected in connection with the ioan . � �~�'=
<br /> • exccxd the pe:mitted limits,then:(a)any such toan charge shall be redaced by the amaunt necessary to reduce the charge w the � ';.• �` '�-•
<br /> �.}: • :. permitted limi�and(b)any sums already collected from Borrower which exceexled permitted limits will 6e refunded to Borrower. .
<br /> . � Lender may choose [o make this refund by reducing tl�e principal oaed under the Noie or by maldng a� paymeni to '• .
<br /> . Borrower. If a refund red�ces principal,the reductioa R;ll be trcat�d as a partial prepaymcnt without any prepayment charge ,' .
<br /> ' , � .� undet thc Notc.
<br /> . 14.Natices. My notice to Horrower pcovided for in this Security Instrument shall be given by detivering it or by mailing it , . �
<br /> . .. by fust ctass mail unless applicable law requires use of another method.'Ihe nouce shall be directed to the Property Addcess or • . - �
<br /> " any other address Borrower designates by notice to Lc::der.Any notice to L.ender shall he given by first ctass mail to I.cnder's . ': �
<br /> ��.:. ' addmss stated heaein or an�other address Lender de��ates by notice tn Borrower. Any notice provided fc-in this Security �
<br /> Instrument shall be deemed w have been given to Borrowcr or l.ender when given as�mvidcd in this paragraph. � • •
<br /> . . . � IS.Goveming Law;Severability. 7tiis Scxuriry Inswment shall be govemed by fedcral law and thc law of thc . � �
<br /> i jurisdiction in which the Property is Iocated. In the event that any prevision or clause of�his Security Inswment or the Na^ .,
<br /> � conflicts with applicabte law.such conflict shall no1 affect other provisions of this Securiry Inswment or the Note which can Tae
<br /> , given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Nd*�zte declared to � . '
<br /> � bc scvcrablc. �
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<br />`�� ±�' � Form 3028 9/90 �
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