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<br /> 97- ���096 ' . '. � � "�
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<br /> paymentti may no longer be t�uirc�i.at the opuop nf Lxndec, if mongage insuran�e cavera�r(in the amuunt and for the perind � � _"
<br /> ' that Lender tequites)provided bY an insure�aPProved by ixnJer again hecumr.::av�ilahle and i�ubtained. Bormwer ahall pay ' .. _
<br /> ; x�
<br /> � �
<br /> � �e p��ms required to maintain moagage insvrance in effec:t,or[o provide a lou reserve, until the requirement for mortgage � , _
<br /> : insurance ends in ac:cordance with anY written agreement hetween Borrower and Ixnder or appGcable law. � . . __
<br />,� 9, Insp�tion. Lender or its agent may make�ea�onable entries upon and in,pecteons of the Property. txnder�hall give 1
<br /> Borrower norice at the sime of or prior to an insEsecdon spec►fYinB rea�anable causC for thr inspection. �
<br />-' 10. Comtienusation. The pmceeds of any award or claim for damaaes. dim:e or consequential, in connecdon with any
<br /> � condemnadon or other taldng of any part of che Property,or for c:onveyance in lieu uf condemnatiou.are herebY as�Sned and � _..__ .- . - - _
<br /> ' shall be paid to l.ender. . • ,: `•
<br /> � - ;
<br /> In the event of a total talcing af the Propetty.che proce�ds sha11 be applied to the sums secured bY this SecuntY�n�ru�ent,
<br /> !
<br /> whether or not then due, with any e�cess Paid to Borrower. In dte event of a pardal taldn�of the Property in which the fair � .;r;,,•-- .,,,
<br /> � market value af the Froperty immediately before the ta3dng is equal to ot greater than the asnount of the sums securecl by ti�is :`r-�;.-,—
<br /> " g�nty jnsaument immediately before the talring,unless Borrower and I.ender othervvise agree in writing.the�wns secure�l by •.�rs_.i_,:;�;,.�;,
<br /> this Secnrity Instrament shall be reduced by the amount of the proceeds multiplied bp the foilowing ftaaias (a) the total �°�;;r:_°.''�`_—
<br /> �• _.� ���.....�
<br /> amoant of[he sums secured immediately before the taking, divided bY (b)the fair ma�k�t value of the Pro n�imm��i
<br /> a befote the talang. Any balance sha1�be paid to Borrower. In the event of a partial �atti�ng of the Propecty ' ` � �•"'` -
<br /> a
<br /> � marke[value of the Propercy immediately before the taldag is less t6an the amonnt of the sums secured immediately befon the , ,�:'��:•_
<br /> �:�:•-
<br /> taking,unless Borrower and i.ender otherarise agree in writing or anless applicable law othetwise provides,the prnceeds shall � � _ _�-=-
<br /> be applied to the sums secured by this Se�lty�nsuument whether or not the sums am then due. ! . : '��
<br /> If the PropertY is abandoned by Borrower,or if,after notice by Lender to Horrower that tiae condemnor offets to malse an f
<br /> aarard or setde a claim for damages. Bonower fails to res�ond to Lender within 30 days after the date the notice is given, ' �^..����;
<br /> � Lender is anthorized w coriect and app1Y the Praceeds.at its option.either to r�stondon or reQair of the Property or to che sums t i�.:_,�_�
<br /> } R,�s,.�..—
<br /> sec,-ared by this SecuYity InstrtTment,whether or not then due. � ' �:-'
<br /> Unless L.ender and Bormwer atheiwise agree in wtitinS, �Y aPP��aon of proceeds to principal sha11 not extend or . �'��r�--.
<br /> ,� postpone the due date of the montWy paymenu referred to in paragra�hs 1 and 2 or change the amount of such payments. � . � "+4'.;,.:p�'
<br /> 11.Borrowec Not Released;Farbearance S3'I.ender Not a Waiver.Exteasion of the time for payment or modification • ;�,:i_ ..4�;_
<br /> ,�� Instnunent granted b I.ender w any successor in interest of Borrower shall - `` •:�++ - '`_
<br /> �: of amort'uation of the sums secured by this Security Y . :�'�'. �T
<br /> not opeiate to release the liability of the original Borrower or Borrower's successars in interesc- Lender shall not be requi�l to i , ��,: _-
<br /> k • �.�' .
<br /> j commence proceedings againti-t any saccessoI in interest or refuse to extend time for payment or othetwise madify amortization , � .. •, �,,... � _
<br /> 'n
<br /> :4 of the soms secured by this Securiry [nstrument by reason of any demand made by the original Boicower or Borrower's : •�;:. �•-
<br /> '� successors in interest. Any forbea�'ance by Lender in exer�ising any ri g ht or rem e dy s h a l l n o t b e a w a i v e r o f o r p r z tlude the =�T -.�..S�-'•� .�-�
<br /> ! exercise of any right or remedy .
<br /> } 12. Successors and Assigac Bnund; Joint and Several Liability; Co-signer�. 'fhe covenanis and agreements of this .. ;•; '
<br /> � Security Instcument shall bind amd benefit the successors and assigns of Lender and Borrawer, subject to the pmvisions of , t�� ,.,
<br /> :; paragtaph 17. Borrower's covenants and agreements shall be joint and several. My Borrower who co-sigos this Security .: " ' „�. €;
<br /> Insuument but does not execute the Note: (a) is co-signing this SecuritY Instrume°t only to mortgage.g�ant and com�eY t1�at . , a� ;`y�
<br /> • Borrowsr's interest in the Properry under the terms of tlus Security lnstrument: (b)is not personally obligated to pay the sums � .. , ._ . ..
<br /> � ...;. •:�-. •
<br /> secured by this Sec�uity Instcamen�aud(c)a�rees[hat Lender and any other Borrower may agree co extend,modify,forbear or ..;..,,� _ '"� ��
<br />.. make any accommodadons with regard to the terms of this Security Instmment or the Nore withont that Borrower s consenG �.:�f�. �
<br /> • 's Securi In.mament is subject to a law wtuch sets maximum loan charges. "`=� �-�• -^-'
<br /> . 13.Loan Charges.lf the loan secured by thi tY ':'•
<br /> S * . ..
<br /> and that law is finally interpreced so that the interest or other loan charges collected ar to be wllected in canvection with t�ae :.:,�::., 4.:
<br /> � loan exceed the permitted limits.then: (a)any such loan charge shall be reduced by che amount necessary to reduce the charge ';;%'-'; �:_
<br /> .� `�.'°r' ° _`�'�
<br />• ; to the pem�itted limit:and(b)anY sums already c°llected fmm Borrower which exceeded permitted limits w�ll be refunded to ...__ ..�-�-
<br /> .:;�es.q:.
<br /> • ' Borrower. Lendet may choose to make this refund hy reducing the principal owed under the Note or by making a direct �� ' ° c•• .. _
<br /> � payment to Borrower. If a refund reduces principal. the reducdon will be veated as a partial prepayment withont any
<br /> ` �,,.• ���.� �:
<br /> �} prepayment charge under the Note. �-����
<br /> � 1 4.N o t i c e g.A n y nodce to Boaower provided for in this Security Insvument shall be given by delivering it or by mailing :� .,�,..,..-
<br /> ; it by 5rst class tnail unless applicable law requires use of ano t her me t ho d.T f ae no rice s h a l l b e d i r e c t e d t o t h e P r o p e rt y A d d c e s s . . ,�;.�
<br /> • or any other address Borrower designates by nodce to L.ender. Any notice to Lender shall be given by fiist class tnail to �'��. _��::;___
<br /> Ixnder's address stated herein or any other address I-ender designates ry nocice to Bonower. Any notice provided far in this ._ • � �lii�.• �
<br /> Security Instrumenc shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. . �..�-:;
<br /> 15,Coverning Law; Seoerability. This Security Iostrument shall be govemed by federal law and the law of the . i�
<br /> juri�dicaon in which the Property is located. ln the event that any provision ar clause of this Security lnsaument or the Note . , �:
<br /> conflicu with applicable law,such conflict shall not affect other provisions of this Security Insuument or the Note which can be . . �.
<br /> given effect without the wnflicting ptovision.Ta this end the provisions of this Securiry ]nsuument and the Note are declared . _-
<br /> to be severable. . ' • -
<br /> • l6.Borrower's Copy.Borrower shall he given one conformed capy of the Note and of this Security Instzument. , �:
<br /> ; Form 3028 /90 �
<br /> . � �m 6RINE1�ssis�.o� vaya a oe e iNt�da• � • . ,�'''-"
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