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<br /> ± �"' payments may no Iunger 6e required.at the optlon of lxnder.if�rtga�e insuraaoe coverage(in the amoum and for the period . ;
<br /> � t�at Lender reqnires)provided by an ia5urer appmved by Lender again bevumes availatsle and is obtained.Borrowes shail Qay
<br /> � � � the premiums reqtuted to maintain mortgage insivance in effect.or to provide a loss resen+e.nnti!the requirement far mortgage
<br /> _. �` '".., � iasnranoe ends in aa:ordanre with any aritten agreement betw+een Borrower and Lender or applicable law. � .�;;.
<br /> -°`"�'' 9.Easpe�Qa Lender or its agent may make reasonable enuies upon and inspe�tions of the Propeny 1.ender shail give „
<br /> ..:,:,:.,. ,.�:•
<br /> ;,,r�,� Borrower norioe at the tune of or prior to an inspection specifying reosonable cause for the inspection.
<br /> 'r�'� � 14. Conde�watton.The prnoeeds of any award or claim for damages,direct or consequentiai. 1A MAAEC[lUA Wlt�i 81�Y
<br /> � �1 f;«�i�t���°t condemnation or oth$r taking of any part of the Property,or for coaveyance in lieu of condemnation.are hereby assigned and . V
<br /> , s;�'� . shail be paid to Lender. �,:
<br /> '-;"'E':t;�°';_`.�• y. In the event of a total taking of the Property.the pmoeeds shatl6e applied to the snms secured by this Security tnswment.
<br /> �': arhether ar not then due,with any e�ccess Faid to Borrower. In the event of a partial taking of the PmPertY in which the fair
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<br /> market value of the ProPe*ty immed��y befoie the taking is equal to or greater than the amaunt of the suumss sewied by tlus �, _
<br /> �� ;� .` :.,� :�.;;: Sesurity Instrum�nt�mediately�-�the taidng.unless Borrawer and Lender otherarise agr�ee in writing,the sams secared by ;°.
<br /> �,..:.�:.
<br /> �.�:;��;. :�;`. ;,;; t&is Security Insuumeat shall 6e reduced by tL�e aznoum of the pcncee�is multiplied by the foltowing &actiun: (a)the total .'''.
<br /> .`� am�nt of the sums sea�red immediately before t�.*a ' Q.d�rided by(6)the fair market value of the Property immediatelY ,r;t:
<br /> ` . ` . befote me taking.Any 6alance shall be paid to Borrac�er. IIn the event of a pazdal ta�ng of the Properry in wiuch the fair --.�-`:
<br /> `.., ' �':u �� `'`,�;�:
<br /> -• . .;•.,�.°:-.- marlc�valn�of the PrapertY immediatelY 6efore t,...ta�g is�s thaa the aruount of the sums seeuc�d immediate[};lseeforc the
<br /> .<< ' .
<br /> ' ` ,-- � taking,unless Boaower and Lender otherwiss ag�e in writing or unless a}3plicabte law otherarise p;ovides,tlie p�ce�s sha11 ' '
<br /> -- :. :._ . be appli�to the su�s secured by this Seattit�Iasnrument whether or not t�e sums are theu due. ':,_`�,
<br /> :`' If the Ptopen}ss abandoneci by Bomovrer;or if,after notice 6y Leude�w Bvrrower that the oonde�mor offers to make su ��
<br />.• .�_L'rJ��:r�?:�t�-, ,.-.:1�. award or seule a claim for dautig�.Bomnwer fa�7s to respond to L.ender within 30 days after the date the notice is given. __
<br /> `���:rr;�x;��:'�;:.,}�.,; Lender is suthorized to oollea a�d agply the praceeds.at its option,either to�estoradon orrepait of the Property or to the sums . ('�,;_
<br /> �(e�{p4't°a� � ,,.. . . -_.
<br /> ,,•-�o-�� .s;� secared by tius S�xy t�str�ent,wh�her ar nat then due. --
<br /> ��:,..,`'�f`�r`•. ;•,`.,-` ltnless�ex-m�3 Borrow�at�serwise�agree in writing. anY aPPlication of p;aceeds to princ�Oa! shall not eatend os � .�<'
<br /> , � � ,;.<. � -
<br /> �'���5 ' postpc+�.°r,�e di:�d�e of tfle momhIy payments refer�ed w in patageaphs 1 and 2 or diange the amoant of st�c6 payments. n
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<br /> :.t;�'.:����:���;.�;..:�,� fl�_�nr�swcr Not Rel��Forbeasance By Leuder Not a Waiver.Exiensiou of d�e time for paym�s er rno�ificatioa
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<br />- •,t.::�`y`;•:::.�, ;�:; of amo�arion ofthe sunas secared by this Seauity Insuument granted by Lender w any suooessor in xnterest of Bormwer shall e,�:���
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<br /> �,y:<<};,,;.,:t�;,:..:;:,- not operate to relea�e the liability of the original Borrower or Bosrower's successors in interest.Ix,aides sinalt not 6e r�quired to = __
<br /> ,. •: .,, commeace proce�dings against any successor m interest or refuse to exten�dme for payment or othe�se modlfY amortiration _
<br /> • � of the sums secured by this Security Instrumeat by reason of any demand made hy the original Borrower or Hormwer's � �•
<br />- � � successoTS in intwest. Any forbeazance by Lcmder in ezercising any sight or remedy shall not be a waiver of or preclude the �__�
<br /> • eaercise of any right or remedy. = -
<br /> � � ly. Succ�ors and A�igas Boand;Joint and Several t.labiUty; Co�signets. '17�e wvenanu aud ag�eements of this. �;:.�
<br /> - ��-� Security Instrun�eut shal� bind aztd l��t the successors and assi�s of Lender and�orrower. subject to the provisions of �
<br /> - � _ paragraph 17. Borrower's cavenants and agreements shalt Ue joint and several. AnY S�sm':'er �lh° c�s�g�'��e that
<br /> � � Instcument but does not eaecute the 1Vote: (a)is co-sigain�this Secudty Insuumem onty to mortgage.gmn y --
<br />_ •. Sorrower's imerest in the Property under the terms of this Securiry Instrument;(b)is not pe�sonally o b ligat e d to pay t h e sutns �____
<br /> = . �. �. .� secuced by this Sec�riry Instrument;aud(c)agces that Lender and any other Bonower may agrce to eatend,madify.fo r b e,3 r or �
<br /> � � make any aaommodations with regard to the tenns of this Security�nsnun'lent o:the Note without thai Borrower's conSent.
<br /> 13.I,oaa C6arges.If tiie loan secured by this Security Instrument is subject to a�aw whicb sets maximum loan cdarges. -
<br /> and that law is finally interpretod so that the interest or other loan charges colletKed or to be coltected in oonnection with ttte _ __
<br /> ' toan exceed the permttted limiu,thea: (a)any such toan charge s1�a11 be reduced by the amount necessary to reduce the drarge �
<br /> . . ' � ' ��e p����t:artd(b)anY sums already wltectod from Borrower which exceeded pem�itted limits will be refunded w � ,
<br /> � Bonower. Lender may cfioose to make this refund by reducing the principal owed under the Nate or by malcing a dired _
<br /> � ° payment to Boaower. If a refund reduces principal. the redu�ion will be treated os a partial prepayment wIthout eny � --
<br /> _ �. •� prepaymeat charge under the Note. �`'
<br /> � . 14.Notices�Any natice to Bonower provided for in this Security insuument shall be given by delivering it or by mailing _.•,:-
<br /> �. -
<br /> - ` _ , . �.. it by first ctass mail unless applicable law requires use of anotiter method.The notice shal!be directed to the Propetty Address __ _
<br /> � � or any other address Bonower @esignates by notice to Lender. My notice to l.cnder shall be given by fitst class mail to �'_�:
<br /> � • Lender's address stated herein or any other address Lender designates by notice w Boaower.My nouce provided for in thia ��'�:
<br /> Sea�dty lnstrument shtill be deemed to have been given to Boaower or Ger.der when given as provided in thia paragraph. �.:';�
<br /> � � 1�.Goveeniag Law; Seve�611Ity. This Security Instrument shall be govem� by federal law and the law of the �__
<br /> �� . jurisdiction in which the Property is lacated•In the event that any pme�sion or clause of this Securlty Insmsment or�he Noto - ..
<br /> � conflicts with applicable law.such conflict shall not affect other provisions of this Secnrity instrument or the Note which can 6E -
<br /> . givea effect without the conflicting provision.To this end the provisions of this 5ecurity Instmment and the Note are dectared �
<br /> � to be severable. '
<br /> -. . . 16.Boreowes's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument•
<br /> � • � Form 3028 9/90 ' .
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