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<br /> . �''`Ts' paymenu may no tpn8er 6e r8qui�f.at tAe aptioa nf Lender.if mnrtgage tnsurance wvcrage(�tAe amuunt anQ for the penad,
<br /> :�;,�_�':,'� ., t6at Lender rEquires)provided 6y en Insurer approved by Lender egain b�cames availabte and LS o6tained.Borrower shatl pay
<br /> � • the premiums tec�uirad to mai�tain m�rtgage insuranoe in effect,or to provide a t�ss r,e�rve.until the teqnirement far mortgs+ge '
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<br /> � �- - ;' ,,; insutance ends In accordance wiN any writteo ageetnent betweet�Borrawer iutd[.ender or appllcabte law. .
<br /> 9.Ia�on�I�nder or its agent may m�tce rc�soaabte enMes upoA and enspections of the Prope�iy.Lender shaU give
<br /> � � . Borrowtr nntioe at the time of or prior to un inspeetion specttyin$reason�bte cause for the inspection. � '
<br /> "" ` � ld.Coademuatton.Ti�e rooe�.ds of an award or ctaim for dama
<br /> '�-��� \ condemnation or othe�takin�uf aoy part of the P.roperty.or fos oonveya ce tn I�i�of wnd�emna�a,are hereby�assigaed and
<br /> `�;.:�'- shall be paid ta i.ender. .
<br /> ;, _ In the eveat of a wtal t�king of the Property,the pracee�s ahalt 6e applied to the su�►s secwred by dus Security Insteument.
<br /> � t : whett�er or not"then due,with any excess paid to Borrower. In the event af a partia!takiag of the Praperty in wi�C6 t6e fair
<br /> • ' '� market vaIue of the Fcopecty immediatety,before tlie ta�ing is equal to or�eazer than the amom�t of the sums secared by this
<br /> ',�'„ '`..��,. Sewrity Insanrneat i�n�'iateiy 6efors ihe taking,tmless Sormwer and Lender otherwise agree w writing,the sunas sectu+ed by _
<br /> _ � ' = this,Security Ytutr+�ment shall 6c reduced by the amount of tiie proceeds multiplied 6y the following,frai,Kion: (aj die tota!
<br /> ��•�>�: aaaount of the suri�s secured immediatety before the tatdng,divided by(b)the fair market value of We Property�+++m +a�Ply
<br />'_��','::•� "x:.;�z: 6efoze the ta�dng, Anyr.balanoe shal! 6e paid to$arrower. In the event of a partial talang of the Froperty in wtrich the'fais
<br />: .,,:e:.: mairket valae of the�mpeny immediatety 6efore ihe tairing is[ess t6ac►the amount uf the sums seca�d immedia�ety befoie We� '
<br /> . �: J taking,unless Bomawer and L�nder othera+ise agree 3n writing or antesg applic�able law otheiwisc provides;the pivicee�s shall –
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<br /> .. �, �:4•� 6e applied w the sums secumai by this Serurity instrumem wF�sr or aot the sams are then due. � . .
<br /> � ; � �, If the Pcoperty is aba�do�d by Borrower.or if,after norice by Ixnd'er w Borrower that the conderanoz offeix w make aa
<br /> "��t' ' award or sedte a claim for daa�ages, Borrower fails to respond to i.ender within 30 days after the date the nolice is given, � �
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<br /> ° . � `� :.,``� �r is anthorized to coll�cE and appty the pmaa�s.at iu optFon,eiU�er to resto�ation or�pair of the Property pr w the,sa�as
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<br /> -• .. - - , secured hy this Securiry instniment,wheth�r or nnt then das. '. _
<br /> � • Un2ess Lender a� Borrower other�+Lse agree in writing, any applicadon of prbeeeds'to princigal shall not extend or . �
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<br /> _ .f��.,,.'.�• .. F��Pone the due date of the montlilY PaYments referred t4 in paragrapba 1 and 2,or change the amouni of such Qayrrients. �
<br /> :,� � li.Boitower Not Released;For6eara�e By I�atder Noi a Waive�EatensIan of the time for Qayraent or modificattoh
<br /> :-:4-'--� of aznortizatton of the sums sesured 63►titis Security Insuume�grenfed 6y Lend�r to any successor ia interest of Bomnwer_shall --
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<br /> nat operate to celease the tiability of tSte original Borrowgr or Borrowea''s saccessors in iMesest.Lender shall aat be reqnired to ,
<br /> , commence proceedinge agaiast any saccessar in i�ersst or.refuse to extend time for payment or.othe�vise madify amoriiration
<br /> ��' '� ;� �` of d� sums secu�ed b this Secun Instrument r�ason of demand made�b the ori nal Borrower os Horrower's
<br /> ,•.L�'.. , y :' � y � � � y $�
<br /> - . ` �`� suooessara iu�interest.Any forbeazan�ee by Lender in exercising arry cight or remedy sbali not 6e a araiver of or.preciude the
<br /> •:�.,�..�� �': . • .
<br /> "" '' ��� �exercise of any right or remedy. . � . _
<br /> ' ;' ��''' �°: 1Z. Suooessors and Assigus Bonnd;Joim aail Seve�al Liability, Co�stguera. The wvenants asd agree�nts of this
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<br />:r,r:,.�� ..�,: , '; �eauity Insuuraent shall bind and benefit the saccessors and assigns of Lender and Bormwer, sub,ject to tbe pmvtsions of -
<br /> . ��Y paiagraph 17. Borcower's covenams aad agreemeats shall b,e.doiut�aad several. Any &umwer who co-signs this Se�urlty
<br /> _ - �'�'`:;��� Inshvment but does not eaecute the Note: (a).is co�siguing t�is Security Instrument ont�r���;mortgage,grant aad oomeyr thr►t
<br /> � � ; Bomower's interest iA the Propeny uader the tem�s of this Secwrety Instrument;(b}is not personally oblIgated to pay ohe sams . -
<br /> . , .��;. secured by dus Security Insbwnent;and(c)ag�ees that l.eader a�any other Borrower may agree to extend,modify,forbear�sr . .
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<br /> � �•; •�; make any accommodauons with regard W the terms of this Seca:���nstrument or the Note without ihat BomuweYs oonsent. , . -
<br /> � � • 13.Loan Chargas If the toan secnred by this Securiay F�.�ment is sub}ect to a law ahich seis maximnm loain,d�rges,
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<br /> ::'���; .::. . �. and tdaR law is�umlly interpreted so that the imerest or othet�:�i charges coUected or to be coltectal iti conAectIon adth the .
<br /> ". `:.'.`; •`; � ioan•exceed the permitted limits.then: (a)any s.�..ioan chazge shall be reduoed by the emount aecessary to reduce the charge
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<br /> _'`"`b'.' � �'k :,.i to thc pertnitted limit;�d(b)any sums alread};�aiected from Banower whic4 ex�permitted limifs will be;efuaded to
<br /> -}%`•' ,-`:._'�� Boaower. Lendes may choose to q�ake this refiutd by red��ug the principal owed under the Note or by�maldng a direct •
<br /> '�%,r�'�'�r�':• � payment to Harrower. If a refar.r� reduces principal,.the ra�stion wiU�be treate�9 as a partial pre�ay�rtent without any
<br /> . �¢`�',��� �� prepaYment charge�nder the Note. . • ' '
<br /> � � ld.Nollces.My notice to Borrowet provideA for in tI�s Security I�sstr�ment shall be given by delivering it or by mailing
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<br /> ' � '`� . ' it by first ciass mail uniess appl�cable law requires use of another methad.The notice shall be dincte�d to the Propertx Address
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<br /> ;..,,��. ar any other addrESS Horrower desi,�ates by notIce to �.ender. My notice to Lender ahall 6e given by first class mail to
<br /> '`� '�h���-�� `� Lender's address stated herein or any other address Lender�esi�aates by'notice to Borrower. Any notice provided for in this ' ,
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<br /> -`',;;�;�s��.:;`: .'; •; SecurIry Insttument shall be deemcd tu have been given w Borrawer or Lender wbea given as provided i�e Wi�patagraph. , _
<br /> ; `} 15.Goveraing Laa; Severa6ltity. 'This Security Instmment sdall 6e govemed by.feaera! law and tha law of the � —
<br /> � . ;:,�::• jurisdiciion in which the Property is tocated.Io t@Ee cvent that any pro+risian or clause of this Secueity.4nstn�mentor the Note , , --
<br /> contticts with applicaDle law,such wnflict shai!�at affeet other pmvisions of this Secutity tnsuurnent or the Note whicb can be
<br /> �;';n;,,� �.�'" .� ' � . ,given effect without the conflicting provision.To this end the provisions of tbis Secudty InsRtimeat and the Note are�eclated
<br /> ,'��<�Y. . .. •` . � j to be s�verable. . --
<br /> � _ ..�• '# 16.Borrower's Cogy.Borrower sha11 be given one conformed copy of the Note end of tfiis Securoty InsummeM. —
<br /> f Form 5028 9l90 • •
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