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<br /> ` n�lon er be at the opuon of Lender.if mongage insurance coverage tin tt►e amount and for the petiad _�.• . ; ,
<br /> ;- �.�; �: PaYments may g �1�� v ,
<br /> � tt�at Lender requires)provided b3+an instuer approved by i.endes agaen becomes available and is obtained. Borrower shall pay :`•}.'; ,'-
<br /> , ' _ � , the premiu�s required to maintain mortgage insurar►ce in effect,or[o pmvide a loss reserve,untii the requirement for mortgas� .
<br /> . �°'" ` i��ce����ordance wrth auy written agrcement 6eiween Borrower and Lender or applicable law. ;;:< .�',. _`' � ��
<br /> ; . .. .- 9.Inspedaon.Lender or its agent may make reasonable enuies upon and inspediona of the Property. L.eader�hall giv� _ _
<br /> -._ �-""�`.- Borrower nouce at the time of or prior to an inspertion specifying reasonable cause for the inspeaion. � : „ • . :,:
<br /> -..-�:-... •= es.direct or consequential, in wnnectian with any� f '.1 �,
<br /> - - lp. Conde�nuat�on.The procceds of any award or claim far damag _`., _ °
<br /> ' condemnation or other taking of any part af the ProPertY•or for conveyance in tieu of wndemnation,ar+e het+eby assi„ctecl and� z ;, ,
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<br /> , -�+ shall be gssid to Lender. ,• ti:`.�<
<br /> . ` -� tn thc event of a totat taking of the Property,the proceeds shall be applied to the sums securer!by this 5e�urity Instrument,� <<��'„r c,��r..
<br /> . -�-- - - whether or not then due,with anY eace.ss paid Eo Borrower. In the event of a partial taking of the Properry in wluch the fai� z ° , ,.=�• ' ':
<br /> ' ' u a l t o o r r than the amount of the sums serurad bX thi9� '`�•-�'-`'",•���
<br /> . .` mar�cet valae of the Property imm e d iate ly be fore i h e t a l c u►S� e�N 8� `;:',::. .,-`:
<br /> ••f �-
<br /> � <.::;,` Security Instniment immediately before the talting.unless Borrower and Lender otherwise agree in wriring.the sums secw�ed bY '�:.'•>'•?,_.
<br /> • . this Security Instrument shall be reduced by the amannt of the proceeds muluplied by the foltowing fiaction: (a)the total �«-.,
<br /> .., _�,�,� .
<br /> - amount of the sums secured immediately before the taking.divided by(b)the fair market value of the Pcape�ty immediatelY ,- ,..� : _.
<br /> � before the taking. Any balance shaU be p�id to Barrower. In the event of a partial taking of ihe Property in wluch the fair __
<br /> markei value of the Property immediately before the tatcing is less than the ama�t of the sums secured immediately before the �. > _-�
<br /> ' � ,s. taking�unless Borrower and I.ender otherwise�'en whether o not the umsjare th�due Se���des,the proceeds shall _
<br /> �,, . ;� `<• be applied to the sums sewred by this Security Instnun ---- - .--
<br />� • 1f the Property is abandoned by Borrower,or if,after nodce by i.ender to Borrower that the condemnor offecs to make an I
<br />' � , award or settte a claim for damages. Borrower fails to respond to Lender within 30 days�the date p e n�i���e sums � � --
<br /> T - -°-,'-�`'� Lender is authorized to collecc and a�p1Y the praceeds.at its option,either to restoration or r r of the Pro erty � ___
<br /> , - secured hy this Security Inguvment,whether or not then due. �=* _..-
<br /> ... • ?;;� Unless Lender and Borrower otherwise agree in writing. a►ry aPPlication of proce.eds to principai shall not extend or
<br /> 1 � postpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of such paymenu. '�°�_�
<br /> - `� � - l l.Borrower Not Release�;Forbearance By Lende�'Not a Waiver.Extension of the rime for payment or madification ,;_T -�;�;
<br /> � ' `�, '- of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Bonower shalt �;�'
<br /> . . , - � not operate to release the liabiliry of the original Borrower or Borrower's successors in interest. Lender shall not be required to :__�
<br /> � ' commence proceedings against any successor in interest or refuse to extend time for payment or othenvise modify amortization �
<br /> ., � of the sums secured by this Security Instrument �ay reason of any demand made by the original Borrawer or Borrower s ; �._�.
<br />. , successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the . -_ __
<br /> � ' . ': exercise uf any right or remedy. . . .,.�,.;�----
<br /> } � • ., u� guccessnis and Assigns Bound;Joint and Several Llability; �o-signe�s• 'fhe covenants and agreemenu of this .,;..•
<br /> ,.�.. ,�'
<br /> � • .. Security [nstrument shall bind and benefit the successors and assigas of Lender and Barrower. subject to the provisions of ::1�-_
<br /> ;�-s—.
<br /> - ; . paragraph 17. Borrawer's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security ._ _
<br /> � lnstrument but does not execute the Nate: (a) is co-signing this Securiry lnstrument on►y to martgage. grant and convey that �;;.�,_;�
<br /> .� •`:-�=r---
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<br /> Borrower's interest in the Property under the terms of this Security (nstrument: (b)is not personally obligated to pay the surtis � f+�..y__
<br /> , . secured by this Security Instrumen4 und(c)agrces that Lender and any other Bor�o�ver may agree to extend.modify.farbear or ;�-..
<br /> • . make any acwmmodations with regard to the terms of this Security Instrument or the Note without that Banower's consent. : ��
<br /> � l3.Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, __
<br /> y., ' and that law is finally interpreted so that the interest or other loan charges caliected or to be coltected in connection with the �;a�
<br /> . � . • loan exceed the permitted limi�s,then: (a)any such loan charge shall be reduced by the amount necessary ta reduce the aharge ��L
<br /> � ta the permitted limit;and(b>any sums already wllected from Borrower which excecded permitted limits wili be refunded to �_.
<br /> �� � Borrower. Lender may choose to maice this refund by reducing the principal owed under the Note or by making a direct .` .,
<br /> . payment to Sorrower. If a refund reduces principal, the reiluction will be treated as u partial pt�paymettt�without any . �!.T.;•
<br /> • �. . prepayment charge under the Note. . �
<br /> ' 14.Nottces.Any notice to Barrower provided for in this Security Instrument shall be given by delivering it or by mailing ,
<br /> . � .. . it by first class mail unless applicablc law requires use of anoth�er method. The notice shalt be dirccted to the Property Addr�s ,
<br /> � or any other address Borrower designates by notice to Lender. Any notice ta Lender shall be given by first class mail Un
<br /> � Lender's address statcd herein ar any other uddtess l.cnder designates by noticc to Borcower. Any notice providr.d for in this .
<br /> � . � � Security Instrumcnt shall be deemed to have been given to Borrower or Lender when given ac pravided in this paragraph.
<br /> , 15.Govemin� Law; Severubility. This Security lmtrument shall be governcd by fecieral law anJ the law of the �•� .
<br /> • . jurisdiction in�vhich the Property is located. In the event that any provision or clau�e of this Security Instrument or the Note ,
<br /> conflicts with applicable law,such conilict shall nat affect other provisions of this Security Instrument or the Note which ean be ,
<br /> • . . . �iven effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> ' ' to be severable. .
<br /> 16.Borro�ser'�Capy.Borrowcr shall be given ane conformed copy of the TVotc and of this Sccurity lnstrument. , .
<br /> � Form 3028 9f90 .
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