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<br />. 97'� ���'7�`7 � -
<br /> payments ma}•no longer br reyuirc�.at the option ut Lender,if murtgaFr m�urancr rucerage 1 in thr:unuunt an ur e prreud •
<br /> that L.endzr require.) provided b}an insurer approved by Lendcr again becumcw av:ulable and iti obtained. Borra«er.hal: pay , . .
<br /> the premiums reyuired to mainta�n mortgage in,uranre in effect, ur w pru�•ide a la++re+en•e,until the rryuircmcm fur mi�ngage ' '. � _
<br /> � insurance ends in accorciance with;uiy written agreement between Bott�«•er;u►d Lendcr or applieablc lau�. ' � ' -
<br /> � 9. Inspection. [.end�r or i�+agent may make re:uunahlc entne. upon and in�p�rti��m��f thc Pruperty. lxnJrr+hali gi�•e ' _ , .
<br /> Borrower notice at the time of or prior w an in�peruon�pecifyiag rra.unable cau+e fi�r thr�n+pectiun. � � `• � .' .`
<br /> - 10. Condemeuzt�on. The proceeds uf any aw•ard o��laim for damages. dire��t vr cun.+eyucntial, in�Y�uuertiun wid► :my --- , :- . �
<br />� rondemnation or other taking of any pan of the Property.or for conveyance in lieu uf condemnation, are hcreby a.+.�igned and � ", ` .
<br /> � shall be paid to Lender. .
<br /> , In the event uf a total taking of the Prope�ty.the pro�ti•ed��hall be applied to the sums secured by this Security lnstrument. ' • �; ��
<br /> -- - whether or nat then due. �sith any excess paid to Borrower. [n the e�•ent of a partial taking of the Pmpeny in which the fair _ � : _
<br /> market vaiue of t6e Praperty immediately before the taking i,equal to or greater than the amount of the sums securrd 6y this � _' -'�_"'= �-
<br /> Security Instrument immediately before the taking, unless Borrower and Lender othenvise agree in writing,the sums secumd by • • �___ - -
<br /> � this Security Instrument �fhall be reduced by the amount of the proceeds muhiplied by the following ftaction: lal the total �,,���_,^<-�
<br /> amount of the sum.s+�cured immediately before the taking, divided by (b) the fair market value of the Property immediately '.r �� r-
<br /> before the taking. Any balance shall be paid tn Borrower. In the event of a panial taking nf the Pn�ert}• in whirh t1i� fair � "���*
<br /> market value of the Property immedia[ely before thc wking i�le�s than thc:un�unt��f thr tium�utiurul immrJi:ttel� 6efure the � ' ��_ , _,
<br /> taking, unless Barrower and Lender othenviae agree in writing or unle+ti appli�:able law uthcrwi,e pri�videa, the pmceedr,hall � �°�€ +c�•-':- -"
<br /> be applied to the sums seturetl by this Security Instrument whether ar not the sums are then due. , :� �•,�
<br /> ', ff the Properry is abandoned by Borrower.or if,after notice by Lxnder to Barrower that the condemnor offen to ma6ce an � -'"'"`� _
<br /> • award or settle a claim for damages. Borrower fails [o respond to L.ender within 30 days after the date the nou:.e is given. —_---'�'��
<br /> .� Lender is authorized to coltect and apply the proceeds,at its option,either to restoration or repair of the Property or to the surru � - j
<br /> secured by this Security Instnunent,whether or not then due. �Aµ���--
<br /> ••q [lniess Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not euend ar �
<br /> ' postpo;�the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. '��.��: ��
<br /> , l l.Borrower Not Releaced;For6earance By Lender Not a Waiver.Extension of the time for payment or modification _ � '"`
<br /> of amortization of the sums secured by this Security Ins[rument granted by Lender to any successor in interest af Borrower shall �,�.��e
<br />, , not operate to release the liabitity of the original Borrower or Borrower's successors in inter�t. Lender shall not be required to `+r.f'�� :.;� {,:'"
<br /> . commence proc.eedings against any successor in interest or�efuse to extend time for payment or otherwise modify amonization �-.�.,. �` �' -
<br />. ' � of the sums secured by this Securie} Instrument by reason of any demand made by the original Borrower or Borrower's -
<br /> � successoas in interest. Any forbeararse by Lender in exercisin` any right or remedy shajl not be a waiver of or preclude the . '• . ; - �
<br /> exercise of any right or remedy. .x:; . ,, '
<br /> . Th ov ts d �reements of this ' .�./'���^
<br /> 1Z. Successors and Assigns Boand; Joint and Several Llability; Co-signers. e c enan an a=, :�,.
<br /> Security Instrument shall bind and benefit the su:.cessors and assigns of Lender and Borrower, subject to the provisions of ;:�� -'�
<br /> - a paragra�h� 17. Bonower's covenanu and agreements shall be joint and several. Any Borrower who co-signs this S„acurity =: � . .�,g, �� _
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, gran[and convey that •"•''• �
<br /> Borrower's interest in the Prapeny under the temis of this Security Instrumenr,(b)is not personally obligated to pay the sums ._�._
<br /> ' � secured by this Security Instrument;and(c)agrees that Lender and any other�ottower may agree to extend. modify,forbear or R° "
<br /> ";? .._:•. *• �.�_r
<br /> E make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consen►. �;• •��•
<br /> t 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan eharges, ��
<br /> ' .;• and thai law is finally interpreted so that[he inrerest or other loan charges collected or to be collected in connection with the =��—�--- ��-
<br /> � loan exceed the permitted limics, then: (a)any such loan charge shall be reduced by the amaunt necessary to reduce the c"�arge � � �.
<br /> .. to the permitted limit: and(b)any sums already collected fram Barrower which exceeded permitted limits will he refunded to � �"�'`�:j�;,;�{
<br /> � Borrower. l.eader may choose to make this refund by reducang the principal o�ved under the Note or by making a direct '�'���,��
<br /> �. �•_--_-_- --
<br /> paymert ta Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment withc;:t any �.,„„r;�='_ �;.
<br /> ' ' prepayment charge under the Note. _•� _r;�
<br /> . l4.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing -="'��°
<br /> it b first class mail unless a licable law r uires use of another method. The notice shall be directed to the Pro ert Address T"�""
<br /> Y PP �I P Y �:-:�...�,�.•.-,..
<br /> � �� or any other address Borrower designates by notice to Lender. Any notice to l.ender shall be given by first class mail to � ., �;�•_ �
<br /> Lender's address stated herein or any other address L.ender desi�nates by notice to Borrower. Any notice provided for in this -�`;•.:-��--.
<br /> 5ecuri [nstrument shall be deenzeo ta have been rven to Borrc.:ver or Lender when ivert as rovided in this ara ra h. ' �- ��-
<br /> ri s� S P P g P ria • r:•
<br /> 15.Goveming Law; Severa�ility. This Security Instr�c�ent shall be governed by fcderal law and the la� of the '-.;,,y��,,,��•..•.�•'
<br /> jurisdiction in which the Property is located. In the event that any provision or dause of this Security Instniment or the Nate : ,_,,,;x,. ;.:.,
<br /> conflicts with applicable law,such conflict shall not affect ott�er provisions of this Security Instrument or the Note which can be • n�,�,�;;,;..
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared • ��• ��
<br /> aa,;s.t
<br /> to be severable. � u���.��'.:;
<br /> 16.Borrower's Copy.Bor.ov��r shall be given one conformed copy of the Note and�f this Security Instrument. - � —
<br />. . �.�ar:a�er.�..�:r:;•
<br /> , Form 3028 9/90 � . �
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