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<br /> 9�w ��::1���9� -_..-.--- _ �._ -
<br />.,f payments may no longer be required.at the option nf l.ender.if murtgage insurdnce coveragc�in the amuunt and fo�the period � :�"'
<br />'�•i that Len�ler requ�resl provided by an iacurer approvecl by Lender again hecumes available a[►d is obtained. Borrower shall pay , c`o��i
<br /> � the prem�ums requiml tu mainta'sn mortgagc in�urance in effect.or to pro�•ide a lo�,reserve,until the requirement for mortgage . , :j-
<br /> ia�urance ends in accordance with any wntten agreement between Born�wer and Lender or applicable lau. . , , < ^.,fi--
<br /> 9. (nspection. Lender or it+agent ma}• make rt:sti.mable rntrie+upun and ia+pe�.Kioa�of the Property. Lender�ha!!give ; - , �'�
<br /> �5 Borrower noiice at the time of ur prior to an ins{m�-tiun.pecifying rea,onable cause for the in.epectivn. . • � ; ,-�
<br /> ; 10. Condemnation. 'Y'he proceed.+ of any aaani ��r claim for damage�. direct or consequenti:il. in connection with any , �. . , _
<br /> � � condemnation or other taking of any part uf the Propert}.c�r for ronveyance in lieu of condemnation,are hereby aasigned and • _
<br />'=�? sha!!be paid to L.endet. -. - - —--`-�----��
<br />` ! In thc event uf a total tak►ng of the Propeny,the proreed+shaU be applied to the sums aecured by thi5 Security Instrument, . _
<br /> � vrhether or not then due, with any exc�s paid to Borrower. [n the event of a partial taking vf the Property in which the fair ,'`.:.
<br /> market value of the Property immediately before the taking is equal to or greater than the amuunt of the sums aecured by this .,;. .
<br /> '� Security Irtstrument immediately before the taking,unless Borcower and Lender otherwise agree in writing.the sums secured by _ --` =
<br /> Y , _�_=-;`:_
<br /> = this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the tctal _ _ _ :_._ . .
<br /> ` amount of the sums secured immediately before!he taking. divided by (b)the fair market value of the Propeny immediately i$• " . ;..
<br /> �� befare the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair � _��
<br /> : , •- � .. -
<br /> � market value of the Property immediate{y before the taking is less than the ar��ount of the sums secured immediately before the ;: � �
<br /> ' � taking, ustless Borrower and Lender otherwise agree in writing or unless applicable law othenvise provides. the pmceeds shall . ��a,_�•._�
<br />�. � be applied to the sums secured by this Security Instrument whether or not the sums are then due. , � � r,;-�"�
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to r,iake an '��. ;�
<br /> •� award or settle a claim for damages. Borrower fails to resp�nd to Lender within 30 days atter the date the notice is given, r �� . . .
<br /> Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Praperty or to the sums ,,,,.:.. �-..-
<br /> , • �r,,._
<br /> • secured by this Security Instrument,whether or noi then due. � .� _ ' � ,.,�``,
<br /> -- Unless Lender and Borrower otherwise agree in writing, any appliration of proceecls to principal shall not extend or •-�--•• _ .
<br />, ::7 postpone the due date of the monthly pay►nenGs referred to in paragraphs I and 2 or change the amount of such payments. . � '�_� �`'°'
<br /> �-�_ -
<br /> 11.Borrower Not Reteased;Farbearance By Lender Not a Waiver.Extensian of the time for payment or modification • ::,_�,-�
<br />:�'�� of amortiiation of the sums secureA by this Security Instntment granted by Lender to any successor in interest of Sorrower shall � . �:�� s��
<br /> ` ��� .,:
<br />' not aperate to releas:the liability of the original Borrower or Borrower's successors in interest. L.ender shall not 6e required to � ` :f'+-�`•''�1�`,��:.
<br /> _.__."."_�';`�`'..:
<br /> � commence proceec:.�s against any successor in interest or refuse to extem�time for payment ur otherwise modify amortization ���_�, .� ,
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's ;.' � .�x.�t•
<br /> successors in interest. Any fo�o�a-ance by Lender in exercising any right or remedy ssaall not be a waiver of or preclude the :� ,?s;i� '�"
<br /> . �_.
<br /> exercise of any right or remedy. '''� ' � ��� ��`'`
<br /> IZ. Succ�sors and Assigns Bound; Joint and Several Liab8lity: Co-signers. The covenants and agreements of this �'�`+�aa��::'�«"r.
<br /> . ���;',
<br /> Secvrity Instrument shall bind and benefit the successars and assigns of Lender and Borrower, subject to the provisions of • ._ ��= '
<br /> paragraph 17. Borrower's covenants and agreements shall be joini and several. Any Borrower who co-signs this Seturity ',�; ,1`'?_t:�'� ` ;
<br /> Instrument but daes not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that ; '' d •�
<br />' Borrower's interest in the Properry under the terms of this Security Instrument: (b) i�not personally obligated to pay the sums _J' '�;�;���'
<br /> secured by this S�urity Instrument:and(c)agrees that L.ender and any other Borrower may agrce to extend,modify, forbear or ""' " � ,��n;s�'"i";,:-
<br /> u
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without t1�at Borrower's consent. '��'• �•'z► �'
<br /> ' 13. Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan chazges. � � �:�.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be wllected 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 charge
<br /> :��.'� .
<br /> to tfie permitted timit; and (b)any sums already colleeted from Borrower which exceeded permitted limits will be refunded to :�I': � =
<br /> . �;;�.,�.,,^� `
<br /> Borrower. L.ender may choose to make th+s reS'und by reducing the principal owed under the Note or by making a direct ::�„�r�,�:
<br />,._ pa}�rnent to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any ��°'�""�;
<br /> ??.�±��:._,
<br /> prepayment charge under the Note. --_;=:"��°_�—
<br /> 14.Notices.Any notice to Borrower provided for in this Security Ins[rument shall be given by delivering it or�y mailing ,�
<br /> ' it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address �" `` �
<br /> �'.S • or any other add,ess Barrower designates by notice to L.ender. Any n�tice to Lender shall be �iven by first class mail to sa, .._
<br /> YY. .
<br /> ;:�.;1� Lender's address s:ated herein or any other address Lender designates b} notice to Borrower. Any r.otice provided for in this • �-
<br /> •'.•�� Security Tnstrument shall be d�saed to have been given to Borrower or L.ender when given as provided in this paragraph. , ;„�`.,�
<br /> :-��� ''. --:.
<br /> � 15.Governing Law; Severability. This Securi ty Instrument sh�ll be goverr�atl 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 Securi instrument or the Note � �,;"`�"'.'=�` '�`'•':x
<br /> ry `�!���:�*�S':.��.
<br /> • :•�; conflicts with applipble law,such conflict shall not affert other pravisions of this Security Instrumen2 or the Note which can be •��_*..�,,���':
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared �*°f'�'�O°"�"'�`•���
<br /> to be severable. ��. ��'
<br /> .: 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument. ��K�
<br /> •.r:<w.�
<br /> form 3028 9/90 :'�'�. ���.�"�"�
<br /> , Page 4 01 6 I .• �.µ •V•;�:—
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