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<br /> � Leader will accept,nse ond ntain these paya►ents as a loss reserve in 8eu of mortgage insurauce. Luss nserve '.�'s'�:��:=�-
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<br /> p�yments may no loagcr be requind,at the opdon of Lender,if mortgtge insarance coveragc(in the amount wd ��,-'=_-
<br /> � for thc period ttut Lender requira)proviaed by an insurer approved by I.ender again becomes nvxilable and is � ._�::;,`�::;�_
<br /> obained. Bomower shall pay the pmmiums requlnd to maintata mortgage insurance in cffxt,or w provide a loss �� '�• ••__
<br /> reserve, until the requimnent for mortgage insurance eads in accordance with any written agnement between �.��.�^
<br /> Bonrower wd Lender or applicabk law. ��..���
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<br /> 9,Insptcilon. Lender or its agent may make reasonabk entries upon and inspecdons of the Property. �•;'�si:.;
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<br /> Lender sball give Borrower notico at the time of or prlor to sw inspecdon specifyiag reasonAbk cause for the � ��y;. .
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<br /> 10. Condsmaxtlon. TUe proceed.4 of Any award or claim far damxges, dinct or consequendal, u► ':;;j:_�-•
<br /> connection witL any condemnatioa or othcr t�ldng of nny psut of the Property, or for conveyance in lieu of ;�.- -
<br /> � 'v et.i,��
<br /> wade�mnation,are bereby assigned and shall be paid to Leader. �'.;!��t'-..
<br /> In the event of a total taiang of the Pcoperty,the procads shaU be appliGd to the sums secured by this '' �•�.4:;';_
<br /> Sx�ty Instnunent,whed�cr or n�ot then due,with nay cxcess paid to Borrower. In thc event of a partial taldng of ,��fa�;.-_
<br /> � the�n(�ert5'in which t3�e fair market valoe of the Propc�ty immaliately befon the t�ldng is equtl to or greater ttuvt � 'f��;;
<br /> the amouac of the evnos secund by this Securiry Iastcument immociiately before the taldng,unless Borrower aad .�Yr�"
<br /> Leader othenvise agroe�t writing.the sums secund by thfs Security Insttument shall be teduced by thc amount of ���:`.:;
<br /> d�e pnooeecls muldpliod by the foUowing fracdon:(a)the total amount of the sums secured immedi�tely before the —_
<br /> talrin8�divided by(b)the fair macket v�luc of the Pcoperty immediately before tht taldng. Aay balance shall b� # `�'��
<br /> alrin ����'.=
<br /> paid to Aorrower. In 1Le eveat of A p�rtial t�lciag of the Property ia which the f�ir m�rlcec v�lue of the Property =
<br /> immediately before the taldng is kss tt�an the amount of the sums eecured immedlately before the taking,unless . ;'
<br /> , . ° &�iuw��d L�aG,-r�.wr3sc:.gne ia���ising ar itnless�pgl�abl�t.w od�erwise omvides=the pmceeds shall be `
<br /> applied to tt�c sums secured by this Secudty Instcument wluther or aot the sums u�e ttsca due. � -
<br /> � If We Pmperty is abandoaed by Borrower.or if.aRer notice by I.eader w Honower d�at tl�e condemnor RL��—
<br /> ogers q mai�e an iwa=d or sealo a clanm fot d�mages�Borrower f�iLc to respo n d to L e n dcr within 30 days tfter thc �-
<br /> date the nodce is given,Lender is autLorized w collect and apply the procads.at its opdon,either to reswradon =
<br /> . ot!ep�ir of the Pro�rty or w tbe sums secutrd by t6is Securiry Insuument,whethet or not dka due.
<br /> � UNacs Lmcler ond BOCrowcr otherwise sgtee in wtiaa8,�Y APPlicaaon of procads w priacipal shall not =_--- ---
<br /> ' � exoend or postpone the due dAte of the monthly psyments referrat to in pan8r+phs 1 and 2 or cL�nge thc amouat
<br /> of such payments, r
<br /> 11.Bor�vw�er Not Rekased:Eb�beuance�y Leader Nut a Wafrar.BxOension of the time for ptymenc —
<br /> � or moditication of uaotdntion of tho sums secured by this Socurity Inst�uument ganoed by I�endet a any successor __
<br />`- ia inurest of Borrower shall not operato to celease We Wbility of the odgiiul Botrower or Bomower's successo�s
<br /> . "°•' . in inureaG Lender sl�tl not be cequiced oo commenee pmeadings against any sneeessor in iatecest or nfiue w _
<br /> �, ex�ead time for pnymeat or othe�wi.x modity unortiadon of tho sums socured by this Secu�icy Instcuaient by rason _
<br />-�. . of any demand made by the origioal Boimwer or Bocrower's successors in inteces� Any focbearance by Leader F=_
<br /> . in eaercisiag any dght or rcmWy sball uot be a waiver of or praludo th�exerciso of any right or remedy. �;
<br /> 12. 5uaeasoc� and Assl�ns Bouad:Joiut�ad Several UabWty: Co-sl�sers. The covenmts and —
<br /> _ . agc�eemeats of t6is Sccurity Insuument shall biad and beaefit the successors u►d assi�gns of I.ender and Borrower. �"°
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<br /> , subject oo tde provisions of peragmph 17. Borrow�er's covenants and agreemeaa shill be joinc and sevcN. Any �'..
<br />__ � Bonower who co-signs this Secuclty Instzwnent but does not exxux the Note: (a)ia co•signing this Securlry
<br />�� ' ' Insm�ment oNy w inortgage, gtant�nd convey thtt Borrowet's inurest in tLe Propetty uader the tecros of this
<br />�'�`�..:: Security Iastrument. (b)is not person�lly obligtted to pay We sums aecural by this Security Instntmeat;and(c) -
<br /> _—.` ,gras anc I.eaaer ma�ny olher Bomo�er may ag�oe q ea�owa,m«lifr,forbear or mtke my accommoaadons with
<br /> ' regard to the utma of this Securiry Instivment or tbe Nou without dvt Borrower's consen� .
<br /> . � 13. Lau►Cb�r�CS. If dn lont secu�ed by this Sa�uity Iastnimaot u subja:t to�law which sets maximum •��=--i�-1_
<br /> baa c.harges�aad duit l�w is fianally intecpretod so that the interest or other loaa charges collecoed or to be co�lected
<br />-. in connecdon with the loan excad the permiued limits. the�n: (a)aay such ban charge sl�ll be reducal by the --------
<br /> amouat necessary to raluce the charge w the pecmiaed limit;and(b)aaY sums alreadY collecoed from Borrou�er '��;;�'
<br /> which exceeded pe�itrod limits wilt be nfluided q Bormwer. L.ender may choose to m�ak�Wis refund by reducing r�--�°°
<br /> � the rinci 1 owed under tt►e Note or f� makin a dic+ect eat to Borrower. If a retund � �
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<br /> Form 30Za W90 �rr�.j;b: ,,_-
<br /> L�wrpoa(nq�Y ONWe Mom�won SeMnas Cav. DE�30-6.0697 Wap�6 of d ";;�-1
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