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<br /> . . ` • Paymeats may ao[anger 6e required.ai tt�„op�ion of Leadea,if mort�age insarance coverage(u�the amowu and for tke period � ' . •
<br /> - that Lendcr rcquires)Provide�by ao ira�t�r appsoved by Lender again becames available and is obtained.Bosower shall�ay the ,
<br /> .: p�nmc�q�ed m maintain mortfi�gt�c�� e�ect.or to provide a loss resenre.until tlie cequaement for mongage ,
<br /> insu�anc$ends in aocordance with any e4ittr,�agrcc�neat betweea Boimwex aad L.ender ar applirdbte law. .
<br /> c�� 9.Insp�tEon. Lcnder or its agrAi may make reasona6te enuies iipon and inspections of the Property.Lender shall give ' - :
<br /> =� ,� � BoROwer notice at the time of nr prior to an inspac:tion specifymg ieasonable calise for the inspection. .
<br /> �� 10.Con�cmnatfan. The p:aoee�3s of any award or claim for damaSes,di�or canse�uential,in wnnection with any : ,
<br /> �_ � � condemnfltion m ather�g of arty patt of the Pmperty.ar for conveyance iu liea of conde�nnarioa,are hereby assigned and � , _ .
<br /> �,.� ; shall be paid to I.end�. + .
<br /> 1n tha evem of a mtal talaing of t1�Prape�ty.die Piooe�ds shall be applied tn the sums sacured by this Saauity Ljsaament, "s.
<br /> �:. + .
<br />-�' . ; whethea ar nM thea due,wit6 any exoess paid to Bonow�.In ti�e ev�c ot a partial tak�g of the Pcogeaty in witich tfse fanr ma� }..
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<br /> �r value af thc Pmperry iuunc�iately 6efo�e t�tzking is equai w or gr�r-s tLan the arnount of the sos s�by this S�ii}� � _
<br /> v� Insaumcnt immedIatelY hetore the raking. �..�..S.r ss Bormwea and Lcuder othcawise ag�ee m a�i�.g,the sums se�ured by t�rir• .
<br /> _3� `.. . ..
<br /> �. Secutity Insuament slmll 6e reduced by ths amnunt of the proceeds muttiplied by c6:�fenowrs:;fiaction:(a)the tntal amount cc s
<br /> ,;; ..` the 5vms secured immediatety hefore the[aking,divided by (b)the fa'v markec r��cP u e�pe.rt}r uamcdiately before che �':,3:,=.'' � ..:
<br /> �.- mkmg.Aay 6aiarue shail be gaid to Bo�toa,�.In the eve�t of a partial takin8 of t�-,����«f�h the fair market value of tine :.,i;;;;:;•
<br /> a- Property immediatcly 6efore the tatdng is less d�an the amount of the sums s�r��. im�ec`.�ely befnre the taldng,uaf� . .�' ``
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<br /> Bomnver and Le�tder athe�arise agree in w�ising or�s applicable laa otherwise��des,the proceeds shall be apptied to tiie
<br /> `= ° sums seca�by this Se�a�rity Insuument whether or an!�e surns are then dae. � . __ ;.�,
<br /> 'r� If tha Propeat5►is ahandoned by Bffirowea,or if,aft�c notice by Leader to�a�er tdat the condemnar offels ro make an . .:
<br /> .� award or setitcs a claim for damages,Bc�rower fails to respond m Len�wittun 3Q Lays after the dais the norice is�van,l.�r'� � . �`;Ki;�
<br /> ;r . �� ,
<br /> s� i�authomed w coUect and apply the p�uoeeds.at iLS opdon.ei�er w c�*aiion or repair of thc L�tepenY or to tde sutas�3 � . . ;,__�-__
<br /> aoeeds �
<br /> ='', . by ittiis Seauity Insunmcnt,whetha oi r�L'�due. I .. _ `'.�"1':
<br /> . Unless Lsader and Bauawer otherwzse agree in ariting,anY aAPlic�on of�aoaads to princiPal shall not e�nd or post�ane 1 �� . � �`.�T::.,°
<br /> � .r .:3.1�': .
<br /> ' the due date of tha mantl�ly payments refe,rred w in pazagraphs t and 2 or ctiange��:.m�unt of such payments. �..', , :,-.;:, .
<br /> � ' il.Borr�ver Not Released;�aa6¢�nce BY Leude''ldmQ s WaIver. Exte��of the�e for paym�t or modification r�' , �
<br /> ����;,�• � f�`�rf.�:
<br /> - of sutortipatian of the swas sec�ued h-y t�s Sec�mty Instrumen t g i a n r e d b y L.e A d e r t a a n y s u�a r�i n t�e s t o f Bmmwer stra� �:�: � �<'F.w �
<br /> ! .` not apesate to release the liab�lity of ttr�aRiginal Bomawea or Borrower's suocessars in interest Leader stmll not be requises�� r �.-2;�i,,,
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<br /> �:`:2�. eammence pioceedi�8s against anY sucoessor in intearest or refuse to extend time fi��.,ayment or othe�nvise modify amortiza.��cf .� �. ` •h,''t'?��:::
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<br /> r,ti�:i:;: the soms secumd by this Secarity�nsbu.�n°,�t by reaso�o`any deanand made @}��e��iginal Borrower or Boc�v��'s successais ;;', •. .`�' ,�s.
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<br /> z'<;;:�', � in inteaest.Any forbearance by Lender in e�cercising a..-�ri,�hE or re.�.eWy sha'.b mat 1�a waiver of or preclude dr�exercise Qf any r_ �. '.:�a_,<
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<br /> = `�'' • rigttt m remedy. �,(,�<.
<br /> 12.Su�sors ant9 Assige�s Bonndi Joint and Sevepael.ia6iti4y��o-stguers.The covcnants and agree�nents af �ris ,nS�=
<br /> ;,;'j, . SeaQity Insnument shall bind and bea�fu the successors and assigns of Lender and Borrow�, subject to the provisions of '..,'
<br /> �)`yJ�i� ' .
<br /> ::�t P�Ph l7. Banower's covenants an� agreements shalt be joi�t and several. My Bomaw� aho co-signs this Sec�uity • �- ���
<br /> � Insttuma►t 6ut does not exacute the Note: (a)is co-signin8 this Se�uiry Insunment only to mortgage,gmnt and canvey that ,; <�
<br /> �.,�? � � Homawcr's intaest in the Property urndu the tams of this Security Insaument;N)is not personaUy obligatcd w pay t he sums . .�.,r.,.
<br /> ' <<.;.,,:
<br /> � socumd by this Secucity Inst�umen�anA(c)aSrees thac Lender and any othea Borrower may agF�w extend,modify,forbear or � .��'"Er�t.:
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<br /> m�Ce sny accommadations with re�d ta the teans of this Securiry Inswment or the Note witha¢t ri�at Boaower's wnsent � ,
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<br /> 13.Lonn Chat�es. If ihe toan seaued by this Secuaity Instrument is subjecx r�a taw w:ac�sets maxi��m Ioan charges, � . , ,
<br />°T ` ' and that taw is finaliy intapreted so thai the int�rest aa ad�er toan charges coll�ms�:o be co�,ect�in casae�au,�with the loan . ., - '�.�„',
<br />:;��; ozoeed the pertniuod limits.then:(a)a�►Y sucb loaa charge shall be c�uced by�:zmount n�sy w redcr���e charge ro ihe �.;,.;
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<br /> •_, , pe�rittt+d Hmix and(b)anY sams aIreadY oollccted from Borrowea cN:�i�exceeded pe�rniued L'-m,�s wiU be tefonded w Borr��r. . :.:r��:�,,
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<br /> >•� • L�x+der may chaosc to meke this refu�'l by mducing thc princi�d owed under tlie Notc or by malting a direct paymesc w . :.,;,JI�Y�'•;
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<br /> :����-� . Hmrocver. If a refund reduces pmicipal.the reduction will be ueated as a pzccFat g:e�ayment without any prepayment charge . _
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<br /> . under the Nace. ,:
<br />°;"��°,; 14.Notioea My noticce w Bo�roami provided for in t�ns Securiry Instrumcr.z s::all be giv�►by delivering it or by mailing it '� ..` ,
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<br /> `.°.�: by Pust cla�s maii untess applicabte 1aa�requires use of another method.The notice shall be�ed to thc Prope,rty Address or
<br /> - eny othcr address Bomower dcsignates by notice to Lcrtder.Any nodce to Lender shall be g�:�;by fust ctass mail to Lenda's ' .
<br /> s �.� addtoss staied hecein or any otha address Lender designaa;s by notice w Bon�w•�. Any n�pmvided for in this Security �
<br /> i;:.- � �
<br />-:.:E::.� : Insm�ment st�aU be deemed w have been given to Botrower or Le,ndca when giva��provided i^.tltis paragraph. • .
<br />--�"-;' 16.Goveming Lavv;Severabilitp. 7t�is Socurity Instrument shall be go.�ned by fed�al law ar�� the law of the f''• � ' �.
<br /> '�;;`.� JuriEdiettnn in which the Property is 1oca�ed. In the event tP�at anp�w•sion or clsuse of this�uriry lnstrument or the Note , � �:,�'i:.,.
<br /> � " aontticts with appllcable law,such conflict shali not affect other ym�ar�.,'�.'s of tl�is Sequiry Instrur.:ent or ihe Note which can 6e ••�}��ti�;.�''•
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<br /> _�-�-�:: givoa�affoct wlthout the caMlcdng provision.To this ead the provi��s of ritis�lirity Instrament and the Note are declared w .:., :.• . . .
<br /> - ba sav�aUls. j�+,: .
<br /> ����;y .r�'-,. 'F,�,,.,
<br /> y • .' Form 8028 9l90 �: , ;;� `�`:.
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