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<br /> - ' _ RFR�RaEO ��° ���t11 98— ��s'�3 �" ��.���Y�_ �r
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<br />_ . � ' . Fa�ats maY g at[he opdon of Lender.if mon e insw�aace mvera e Ein[he amovat aad far ttcr period ��_;;°,:...:.,�:.
<br /> ao tan er be requiied. �S 8 :;s��<::1}
<br /> ' �� t!►at lrnder requires}pmvide�byr aa insuier approved by L,ender again becomes a`rai�te aad is obtained.Borrow�er sltall pay ' ` .:.w:�, :.
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<br /> . .'� x ' � w maintain mort�age iasuraaoe in effect.or to provide a tass reserve.wnu'1 t8e req„*+��+,t for mflatgage �� `�".'�`�
<br /> piemuums�quued ' --
<br /> ' f � ` insuraaqe�ds ia acoorc�ce with aay writt�agteem�t between Bornuwer aad Len�er or appiieabie taw. - -
<br /> '. ''� �, .I 4- I�s�nm-L.ender crr i�s ageat may make reasora�te entries upon aad inspections oF t�e Propecry.Lender sha:l gi�e - - _'.r:� -,:.
<br /> .:,.I:•:;;�;. ; :
<br /> . j Borrower notice at the dme of or prios w an iaspection specifging reasonable cause for the inspeetion. '� ':, ;:'�, ,:_
<br /> :' y ..� Ilf �ond�tHon.'tT�e pmceeds of auy award or cIaim for daa�ges. dirert or ao a s a q u e a t i a t, in oonaecaon ari t h any ;
<br /> - :-,� condemnation or otBer takiag of aay part of the Ptog�ty.ot foF Coavey2uCC in iieu oY WAdomnatien,arc hereby assigaed aa� , - -
<br /> .::� ° � s9a�l.be paid to ixader. �� u�`,�J
<br /> • . : Z�_. + In the event of a toral taI�g of t�Ce Propeny,the pmceeds shalt be agplied to the sums secured By�his Secufiry in �+r . , -----,, �
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<br /> -.- - __. •. _ w5etfier or not then due,witlt aay ex�paid ta�arrawes. in the�rent of a partiat ta2cing of the Propectg in wbicb t�Fair �;._.��__;x.z.
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<br /> ,E masket vaIue of the Frvperty immediately befcue the rat�is equal w or grzater tIlaa the aznouut of tfle sums secured by t�is
<br /> %" � Senttity Instrument iffimedi�Iy befare the taldng,unt�Bar�oouer and Ixnder otherwise agtee ia wEi�ng,tM sua�s s�h}i
<br /> `-, �. , this Secariry Instrnment shall be�educed by the aa�of the praceeels muttiplied flg t�e follawiag frastion: (a)the wtaI '..; ":..:. _' .
<br /> - _ . atgon�of the sums secuted im�iately 6efoze the raI�ring,divi�d by(b)the fair mar�c vaIue eE c$e Ptnperty�� � ,�;��'r
<br /> , �?����, . b��e dte taIdng.Auy Dala�e shall be paid w Borrntiver. Ia the event of a paitiai taTQng of ti��coperty in.wflicD che fas ,_..�t o, ,.--
<br /> •�S'"�; ` �value of the Pcapeat�i�e�; ••ty 6efare the tai�g is less than the aata�mt of the susns seruced i�eL�6efore tSe ,, .:,..'�'',•.`
<br /> ;� ` ;�'. � !i=:;�•�:,y��s,,....
<br /> . � `: :�g,�mless 8ormwer aad I.ender otYterwise agree ia writing or unIess agpiica6�.�aw'otflecwise pmvides,tR��Sraceeds shalZ ;,r�3�'�f`�.}'-`�.'::"
<br /> ;,. '`;:� . Fi�a�Plied w the s�uns securea by tt►is Sece��Inst�umeat whether or aot the sums aie�en d�e. �: �:� r --
<br /> � '� � ' ihe P� ertY is abandoned b Bo .ai i�after notice by}�endec to�oxzoac�that tke cmW�tnnos oS�ass to make aa „ �
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<br /> �,rli�..� �:� ' a��d or sente a claim for damages, B�•f3i:s e��spaad to Ixn�ier wi3�m 313 d�ys'after the date the,�?+ve is given, , . ^ .
<br /> ��°,,�cf.• • :•. . ED�t�is amhorized to collect and apply the�+re�,�'r•i1�apiioa,either w�oi:�rrepair of ti�z Pmge�s�r�os to the snms _
<br /> ��1���� � �� �'by�es��curitY Insuument,whether ar nos fa�n st+,�: � .: . ..;,•`� ' ' � .
<br /> ���r:,, '. y` : , . . � c�c+£' aceeds to mtcipal sball aot exte,t��ar ; ;.-—
<br /> ; . 2 s ' .:.�"L..�ss�der and Borrower other�'.�agree in v�rFting, �=:�cari ' ' pz F :.
<br /> ���r -_�t�,� pa3tg������ate of the moatlily pay.�referred to in pazagra��'I.xx�.2 ai ct�ge the amnnntof sush paym�ts. ' ,,,�,-.
<br /> ����.. i�,.B;n��ver Not Retea�ed;�orDwzsutce By Lead�Not s Wati+er.E�t�ns?un of[�e time.for paym�u or modifiea�}a�. . ; �
<br /> •. �- �:�mOrtiZa[�ou vf tlte Sums secured By this Secxstity lnctmm grantai by Lenc�r�c�anY'sucoessor in unere�a��Borrower sUali f��o�,�r
<br /> � . '..''' �- nc�upeiate w release the liabiliry of the originai Borrower or Borrolver's saccesspis�In interest.L.ender sbali x�t be to '�,�'�;==-
<br /> ,, an successor in interest or refiue w eatend time f�or payarent or e�tw9se s�odify aamrtization �t';f`"`�
<br /> . - ��;:�' commence praceedtngs against Y --_=�--
<br /> -_ .. �' ' .��:.���.�: of"tke sums secured'by this Security inmament b S► reason o f aay•d�m a n d m a d e b y t b e a ri�:B o z r a w e r o r B o m n w e r's `��-.
<br /> • • � �uc�ssois in intecest. Aay fo:bea�ance by Leader in execcising any rip,ht or remedy shall not be a waiver of or preclude the �, :��='
<br /> . � e�e:rise of any right or mmedy. �� .`. . w -.=-—.
<br /> . �• `� 12.3uccessois and Asslgas Bmvnd; Jaici aa�S�trai Liat�llity:Co-�n!c,s�• The covenants au�.�ements of this
<br /> . _ .,..'}��'��� Sec�city lnst�ament shall bind aad benefit the successq���a'i3 a��af I��r-�:d Borrower.suUject to tl�-pmvis�ans of �'�:.. _—
<br /> � F��Ph 1Z.�Saanwer's cavenants aad� s�a]1`De�s9�a¢�:severaT:Aay BorroweQ who ca-signs t�is Seau�: --
<br /> .;•��: :.g Iasuu�nent buc does aot execute t6e Nore:Q4?-is c�-si�en8 this �y Insmc�eat.only to ma�tgage.graat and conve�?.2't� ,.. .�.�_
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<br /> . . _`'�� �Bmssmwer's interest in the Pvageity uadcr s�e��znns a`'s,z�3s Secarity Insuument:(b')is not personally o6ligated to pay the su�` �:
<br /> . . - .- >; %;., s�ured by tiiis Secarity Ins[rument;aad t�)agre�s ccat�R�der aad any other Borrawer may agcee[o extettd.modifY.forbeaz os ��...+=,-
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<br /> � -r--_—�'=::s=- . malce aay accommodations with regar�m the terc�o��.is Security Iastrument or the Note without thae Boaawer's conser.t. .. _ _-
<br /> � ' 13.Los�a Charge9.If the toan seciu�d by tlus Sec�uiry Iasuument is sub}ect to a law wtticib secs maximum loan e�atig�, .!�'� . _
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<br />- - -�l - _°��T- and that Iaa+is fiaally interpreted sa that the interest or other toaa cbarges wIIected or to be coliec,ied in waaeetioa�r`.��e :r-�- -
<br /> '�f 9,�:-.". ° �I�� • I�aaa exceed the pecmitted limits.then:(a)a�r sucl�tea�,charge sball be reduced by the amount necessary to�educe the diarge ' - �_
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<br />:; :,.,.�,{,,�;•,:,:.,�.'..,;��;L� .. , .��the peemitted limit;and N)any sums aiready co�from Bflrmwer which eaoeeded permiaed limits wia be refuaded ta .,�'::.:
<br /> '{ 1 �.�xrower. LeAder may choose to make this ref�utr�.��ceciucin�t�e principat nwed tmder the Note or by;acias,'mg a ditect
<br /> �tiif�;� : a`+r�,` . ��ymeat om.18c�"c�wer. If a refuaA red�sces priacipal, the reducti�nr�'au�1 be treated a4 a partial prepaymx�i.�aritltuiu sus�► � ._
<br /> `�ii�� ;:�4��� �, ��meni.z�;eunderthe Note._ . �:�. . �' .,`' .
<br /> :aus`H .: ••14.Nottces.Any notise to Borrua��mvided for in this Secun'�'`Bnstn�i sha11 be givea by delivenn,�it or by ma�ti�g . , � �
<br /> _ "� '�;;3y fiist class mail unless applicable la�v tequites use of aaother mathod.The�a:shall be dire�ted m the��ty Address {� :�
<br /> ti'v
<br /> �Iass ma�to `�'° -
<br /> .. . ' or any other address Bomower desigr�s by nouce to l.ender. My notice to i.ender shail be giv�lsy��t� ' � .
<br /> � i� Lender's address stated herein or.aay o�address Lender designa;e&by notIce to Borrower. Aay nottoe pmvid�A for ia this ' Y
<br /> . � ��;-' SecuritS►InspUment shall be dePmeA to have been givea to Borrower ir��'.:eader when given as provided fin this paragraph. , �.'�__,---.
<br />- I5.Gove�ing l.aw; SeverebWty. '!'6�s Security Inswpaeifs'a:�ail be govemed by federal law and the law o�ihe. �
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<br /> : �diaion ia which tfie Properry is located.In the e��t�that affy'provision os clause of this Sea�rIry insutW.,,eat or the Note �._
<br />- � : � •``' tosillicts witL applicable law.such conflict sha11 noe�other provisions of this Secvrlty Iastrument or th�:�fc�:�which can be '
<br />�i. . - ��•,; given effect without the conflicting pr+ovIslon.To ttt�:s�°a d the prd4�5�s of this Secuti ty Iasuument and the Nbte arc ided,a�l.� --.:;:=��=�;-'
<br /> i • . to be severable. � �. ,: �
<br /> '=-•- � . -• ib.Borrower's Copy.Borrower sha11 be givea.�r,��e�mfor.��?�^y of the Note aad of this SeciuIty InstntmeAt.
<br /> . ' 'Fasm 8028 9/90 '"�=
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