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<br /> ' � PaYmeats may no longer be requim�,at the optiQn of Lender,if mortgage insucance caverage(in the amosu�t and for the periad k
<br /> � . �,_�� that Lender ce4uues)Provided by an insurcr apProved by Lender ag�in be�omes avaitable and is obtained.Bo:rower shall pay the • '
<br /> . : � p r e m i u m s r e 4used to mainmia mortgage insurance m effea,or to provide a tass reserve,unti![he requirement for mortgage i
<br /> � ent betweeu Boaower and I.endra or applicable law. �`,, ..
<br /> . � in.�aance�tds m accordance with any wriuen agreem Le�tder shali givc •
<br /> . .� 4.InspecYion I.ender or its agent may malce reasonabie enuies uPon and inspections of the Ptaperty. - :
<br /> Borrower aotice at�he time of or prior to an insPec.tiun sPc�ifYing r�s°�1��for the uispecdon. �
<br /> - ' � 10.Condemnation. The procseeds of any award or etaim for damages.direct or consequential, in connection with any -•-- -
<br /> , � !� .-,-
<br /> . ' condeumauon or oiher taldng of any part of the Property,or for conveyance in lieu of vondemnauon,are haeby assigned and . .-
<br /> � shall be paid to I,ender. � �
<br /> In the event of a�otal takiag of the Pcoperty,the proceeds sl�a11 be applied w the s�ms s�by this Secauity Instmment, .. s. :._ �__. . ,.
<br /> whether ar not thea due,with aay excess paid to Bonower.In the eva►t of a partial�g of the Property m wtrich the fav market ..� .: , .-
<br /> , value of the Pmgeaty immediaFelY before the tal�ng is equal w or greater thaa the amount of the sums secured by this Security � . . � _;:
<br /> ;-�:< ..
<br /> Iastrument unmediately before ihe�tCinB. �ess Bmmwer and L�en�ler othe�wise agcee iu writing,the sums secwred by dus . . ., . : .�`
<br /> P�� �� Y g E . �. .:,�,,. `.
<br /> . Seauity Inst�ument shall be reduced by the amount of the mnI' hed b the followin f�action:(a)the wtal amount of I. � . . .
<br /> � ` We sums secvred immediatelY i�efore the taking,divided by (b)the fair market value of the PropeRy immediateIy before the ,;"..�,°�;-
<br /> � taku►g.Any balance shall be paid to Borrower.Ia the event of a paitial taking of the propeatY ia whic6 the fair market walue of the ':,�:�^
<br /> ' of the smns �nred immediately before the taldng> vnless �"� -_-
<br /> pr�Pert}' immediatelY before the takmg is less than the amount lied W the
<br /> Bosrower aad Lender othervvise agtee in writing_or nnless applicable 1aw othera+ise pmvidas.the proceeds shari be app , 'y,.
<br /> s u m s suured b y this Se�uity IastNraeat wheth�or not the sums are thea due. ;::�;�;�:
<br /> . If the Propeity is abandoned by Boriower.or if,aftez nodce by Lender to Boirower t b a t t he ooa d e m nor o ff�s f o m a k e a n .. , ::�.:_.
<br /> � :•.,r�x,.
<br /> . award or settle a claim for darnages,Bonower fa�s to respond to Lendea arithin 30 days aftea the date the notice is given,Lender :� . , � �5,, ,..,-�.
<br /> • - is authorized to coltect and a�ply the pmceeds,at its option.eith�to re�storation or repair of the Property or to the soms ssecured . � " �;:
<br /> cu �
<br /> , . by this Se�auity Ins�rument,whether or aot then due. �
<br /> �'#'`�a:�...
<br /> � � Unless Lender and Bonowa ntheaa+ise agc+ee in writing.anY aFPlication of proceeds w principal sLall not extend or pastpone �►":::�:,�w=,
<br /> . .;:.y�.s�:J
<br /> � the due date of ihe monthip payme,nts referied to i�F�S�P�1 and 2 or chauge the amount of such payments. • +.� .. . F;-
<br /> e ied ��.�. t;.; _
<br /> '" � • il.Borrower Not Reteased;Forbearance By l.ender Not a Watver. Ext��sion of the time for payment or modifcc�tion •,•�,;;,:_
<br /> :�« �
<br /> ' � of amortizatian of the sums sect�red by this Secvrity Insuument granted by Lender w any suvicessor in interest of BoTrower st�all -�:'�r- .�.;�^fsa
<br /> ' not operate to release the liab�ity of the original Bomower or Borrower's successors in int�est,.Lender shall not be requaed m ,,.. . `�..,�r j�,,
<br /> ' cammence proceedings agai�st any successor ai interest or refuse w extend 6me for payment or otheawise madify amortization of r . =.-x�`�"'', �;t
<br /> ' � the sutas secured by tlris Seauiry Instmment by reason of any demand madc by the original Boirower or Borrower's successors .��:':�'_'.
<br /> ' in interest.Any foibearance 6y Lendes in eaercising any right or remedy shall noi be a waiver of or preclude ihe exacise of any ,� . +,_v�#�}�
<br /> . � � right or remedy. �_ '-'�`r*+�
<br /> � iZ.Saccessors aad Assigos Bouad;Jamt and Several LiaBilitq; Co-siguers. 'The covenants and agreements of this t:.,;, • .
<br /> Sc+�uity Instrument shall bmd and benef t the successors and assigns of Lender and Bormwer. subject to the provisions of �':; ..`�'��.' •
<br /> . , ;' �
<br /> �, �• paragraph 17. Borrower's covenants and agreements shall be joint and seveial. Any Borrower who co-signs tt�is Security }�-"`
<br /> i,- ^.
<br /> • Instrument but does not execute the Note:(a) is co-signing this SecuritY Iast�ment only w mortgage,grant and convey that �•��*=--
<br /> :,��•-.
<br /> � . Sorrower's interest in the Froperty under the trams of this Securiry Insuument;@)is not personaUy obligated to pay the sums . ' ''�''`-
<br /> .��•.:';%
<br /> � secured by this Sec�uity Instwnent;and(c)agrees that Lender and any other Bosrower may agree to extend,modifY,forbear or �� •r..��~...
<br /> ' make any accammodarions with regard m ihe tenns of this Security Instrument or the Note without that Borrower's consenL . . ; _+.,+.�_,
<br /> ' 13.Loan C6arges. If the Ioan secured by this Security Instrument is subject to a law which sets maximum loan charges, . ..:_.;,
<br /> ` and that law is fmally intecpreted so that the interest ar other toan charges coltected or to be collected in wnnection with the taan . �•���
<br /> '�,..
<br /> � exceed the pennitted W�tiu.then.(a)anY such loan cbarge shall be rednced by the amount necessaryr to reduce the charge to the � , ' ��_•
<br /> '� ,�i pamitted limit;and(b)anY sums already collected from BoTrower which ea�ceeded permitted timits will be refunded to Bonower. ' .
<br /> Lender may choose to make this refnnd by reducing the principal owed under �he Note or by making a direct payment to - -- . . ::..�, �-.
<br /> _ • Bonower. If a refund reduces principal, the reduc[ion wiil be ueated as a partial prepaymcnt without any prepayment charge '"i�
<br /> undea the Note. , '
<br /> 14.1Votices. Any nodce to Borcower provided for in this Security Instrument shall be givcn by delivering it or by mailing it .
<br /> � by first class mail unless applicable law requires use of another method.The notice shall be d'uected to the Property Address ur � ^
<br /> . any other address Borrower designates by notice to Lendcr.Any notice to I.ender shall be given by first class raail w Lender's . . .
<br /> address stated herein or any other address Lender designates by notice to Borrower.Any notice provided for in this Security •• ; •
<br /> Instnunent sha11 be deemed w havc becn given to Borrower or Lcnder when given as provided in this paragraph. •
<br /> ' � IS.Goveraing Law;Severabillty. This Sccurity Instrument shall bc govemed by fedcral taw and thc law of the �•� �
<br /> �' � � � jurisdiction in which the Property is locatcd. In the cvent that any provision or clause of this Securiry Insuument or the Note ,
<br /> ' conflicts aritb applicable law,such conflict shall not affect other provisions of this Security InsUUment or the Note which can be � .
<br /> . . � given effect without the conflieting provision.To this end the provisions of this Security Instrument and the Note are declared to � � .
<br /> ,. be severable. '
<br /> � Form 8028 9l90 �
<br /> � �-eR(NE���s+2�.o+ Pagesol8 �n�t�a�a: .
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