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<br /> . . a tion f Lsuder.if murt insureace coveiage(in the�amount�for tne od . -
<br /> ' � P��Y no toager be ceqwreA.at ttte p o 88� : . ..
<br /> ` �' that Leader ceqai�es)PmviQe��y aa Insttter apProved M►1.sode�agaia becoracs avaitable ffi►d ia obtained.@a�rower eIIall pay ,, `ra`::
<br /> ., � � � tbe premiums requita!to m�3.atalrt mortgage insuraaee tn effect.or to provIde a toss resetve.�til the requirement for mottgage .
<br /> .�F. �:'�. iasuranse ends in asoordanse arith aay written�meat t�ween Borrowe:and Lender or epplicaDte taw. ..
<br /> 9.Iaspe�t+�a.Lcadet or its agent map make teas�nable entdes upon and Inspecdons of the FropertY. �.eada sha11 g�ve
<br /> "`�".`^'�, Bonawer uodee as tts time oP ar priar to an iasgcpi�s�iE�S�2e c�use for the insp�cdon. � ;_•
<br /> 1�.Cand�oa.7he pTaeeeda of a�ry awan!ot ela�m far damages.dirax or consequential.in oaaaectIoa wItP►a�►Y �
<br /> ooademnatioa or ather takfng of aay part ot the Pc�operty.or fc►s oonveyance in tieu of oonde�anadon.ace h�AY ass�g�a� -
<br /> � shali bs paid to 1.Ender. , ,�.
<br /> ... ;�-"_ In ehe event of a total taYing of tbe Pmperty,the pmce�ds shall be agplied w the sams seaued by this Semrity Insuument, �.�.��°,
<br /> � whcther or aot then due,with aay excess pald w Boaaarer.Ia the event of a gar8at taking of the pmperty ia which the bir `,�,.=
<br /> .i., :
<br /> �t '' wa�walue of ttte Propeny immediazelY be�oie tHe takiag Is eqnal w or gnater than the amauat of the snms seaued by tlus _;_-`:4_,.
<br /> �;. S�riry tas�umeat immediazely befo�e the takiag,aaIess Sorcawer aad Lender oth�rwise agree in wiiting,the snms secund by r ':��_
<br />':'`��;� , .,���`� � this Securi t y Insaument sIla1i De reduoed by tAe amount of the piaceeds�itiplied by the folioaring frac�oa: (a)the o�tal
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<br /> - .. 4� amount of the sums seca�ed Ia�mediatelY before the taldng,d i v i d e d by(b)t b e f a i r m a r&e t v a t n e o f t h e P c o p e r t y i m m e�i a t e l Y
<br /> :�. t.'`� befare the taking. Aay balanc:e shall be paid to Boaawer.In the ev�s of a pattial talring of the FmpertY ia ahic�the Fair
<br /> marhet value of tIIe Pcoperty ffimediatetY 6efom the taking is less thaa the amount of the sums s e c�u�d I m m e d i a t�tY 6 e�o r e t h e `:.
<br /> f,.' '�' tak�g,unless Bosm�ver aud Lender othe�wise agree in wciting or ualess appllcable ta�otl�auise pravides,ths pros�aeds shall
<br /> ��::���•.:
<br /> . , be apPlial w the sums secured by thia Security Tnsunmeat wLether or not the sums are then due.
<br /> _ _:. _;, �._,: � If the Propraty is abandoned by Bonuwed�os ig.aRer natioe by Isnder to Bomower that the aomdemnor offeis w make aa
<br /> ° ;�%. awatd br settie a claim for da�.Baau�r fa�s to�spaad to t.c�der withia 30 days a#�er t�e date the nodoe i�given. _
<br /> -"�..."� ��, Lender is mnhorized m coIIett aud app2Y the pmc�ds.at its option,eitLer to iestoration or repair og tl�e Pcogeriy or w the swns
<br /> ' ` �� sec�ed by this SecurIty Iasnument,wLethet or not thein dae. � ,
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<br /> f Unless LEnder aad Bosawer otheswise agree ia wridng,an3► aPPlic�an of pra�eds to pr�cipa�shall not extend or
<br /> nde
<br /> --__.,;:._--.,...T the due date of the�1S►FaYments r�f�d w in pazagrapbs 1 ana 2 ar chaage the amount of such paysaentg. �_ ::..
<br /> . `�.,a �g�11 Borcawer Nat Reteased3 FoeDearauoe By Leader Not a Waiver.F.xten.�ion of the time for paymeat or modiflcatitaa =
<br /> '.. , of amortir�Ian of the sums seruced 6Y tbis S�an�ity Inswmeut�anted bi►I.�der to any succe.gsar ia intere.st of�orrower sball —
<br />;;�,°,.,.; ,;,:..` �. '-� uot ogeiate to release the ltabiliry af the o�lginat Bo:mwer or Bonawer•s sua�ssoia ia tntexest.I.ender shaU nat be iequired w ;;�`
<br />_`;��,•'-�;.. � •' commence pmceedings ag,atast any suoces�ar ia iaterest or refi�se w e�uead t�ne for pay��t or otheswise modify amosdzat�oa � _
<br /> . :..,; of the sums seaued by this Seco�iry Iastrument by�eason of aay demand made�y the orIgi�at Bosmwer or Boirower's ;.-
<br /> ' r:.;� :�i successors ia interest. Anp forbeaeance by lxnder ia exe�g aay tlght or neme�iy sLall not be a waiver of or precinde the :�,;`
<br /> -, �:':� eaercise of auy right or remedy. -
<br /> -- '� ;` `` �` • .= 12. Sacr�ore aad Assigns Bou�d;dotnt and Sevssl L�fl€i9: Co�signeis.The covenaats aad agteements of tt�is :.:;�---
<br /> , . � , .
<br /> --z gecocity Instrument sbali biud mul beaefit the successois and assigns of Leader and Sorrower, sabject to the prnvislons of
<br /> '_ _':'. _ -:� paragraph 17. Bormwer's ¢ovenants�d agm�ments ahaU be joint aad several. A�r Bomewer who co-signs this Se�iry _
<br /> ",� �_j,:+ �i � Instcnment but does nos execnte the Note:ta)is co-slgnin8 this Seaairy tasau�nt onty to nto;agage.graat aad convey aLat `:
<br /> � � �k Eormwer's inter�st in the Propertl'nnder the te�ms of tLis SeauIry Iasaumen�(b}is aot pe:sonally obligated to pay the sams
<br /> _�,�•:,,`�.� ;� s�tsed 6p this S�uit3►iasnument;and(�)a�s that l.ender aad any other Bomawer may agree w exteud.modify,farbear or l�_.-
<br /> � ':; ��y���{o�y with regard co the tecros of this Securiry 1usa�nm�at or the Note without that Bommwer's consent. � __
<br /> �.� 13.Loan C6aig�.If the loan seear�by this Seauiry Iasu�aent is subject to a 1aw whirb sets ma�dmnm to�cfiarges.
<br /> C6 ig E �'�
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<br /> ,''��.Y :5�: ffi�tb3L�3W�S��Il}f�Df�L�I�SO t�t t�C�.^SCI23T OI 02hCr 102II Cn3i$CS OD1 ZOCt�OT t0 b C OO��O d$1 CO�OD W�1b thC
<br /> , limits.then:(a)anY sucb loan cbarge aball te ceduced by the amomu aeo�y►to ncduce tbe cbarBe �.___
<br /> :�:-i��: ;;;;� loaa exaecd the� .
<br /> � � to the permIttod li�:aad(b)zzY sums aIreadY wlleaed from Bormwes e�hich exo�ded permi u a 3 1 1 m ita w l l t t be r e f m i d e d ca �,-`
<br /> _. ;%�` Borro�aer. Lender c�p�ocs�t� make this refand bY reducln& �4�-�D�owed under tDe Note or by ma�nng a direct . ;�y�=
<br /> '''��� ' � Payment to Bornor�er. if a �`uud teduoes principal. the reduaion � be treated as a partial prepay�e�t arithont aay c--i:;"
<br /> . i -' •?�; �ta�
<br /> . greQayment c�ar��r�Kote. "=
<br /> ;� : 14.Notlee�.A.ry nor:se co Boirawer pmvIded for ia t9is Secutity L+�`�'nment shall be g[ven by dellvering it or by mailing
<br /> .. .i it by first class�anle�s a�',��cable taw requires vss of aaot�er method:The notice shaU be dtrert�to the Property Address
<br /> : ` ot any other Eddress Botra�designates by notice w Leader. Any uotiee to L�rr'�zr s�all be givea��yr fust class mail to _.•,t4m.
<br /> . { Lender's aQdress stated berein or any other addtess Lender deslgaates by notice ta 13��wer.llny natice P��ed for in this �:
<br />— _ ' a Sean�iry ins�cs s6all 6e deemed to have been given to Bormwer or I.ender when "�as provided ln this parag�raph. ����`�
<br />_ .�41 �. � 15.Gov� Lawt Seveis6iiity. 77�s Securiry tasuument shail be gove�ed b�y federPl law and the law of the ,
<br /> jurisdiaion in��c�e Fmpe�ry is lacated.In the event thaz enY pmvisian os clause of this Se�nry taswmeut or che Note 'L7t�,
<br /> � canil�cts aritL apg�i�?c ta�.sich oonflicx sha11 not affect otherpmvls�oas of tbis Sec�.:riry tasuument or the Note whicL caa be'' �,�i,,;,,
<br /> •i � given eNect witLer.�t t�e coaflieHng pmvlsioa.To this end the provisions of tbis Securlty Iasuument and tbe Note are declared •;��::;.
<br /> � � . � to Oe s�verable. ' ''�
<br /> � � 16.Borro�ver's Copy.Borrawer shaU be given one oonfotmed copy of the Note and of Ws Seewity Iasuumeat.
<br />= '. ' � Form 8928 9/90
<br />_ � ��BRtNE)i9s�ti.os vassao+e wua+:
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