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<br /> F ,; . .t.�� �?'.� �OE�S t f � `. �
<br /> 'e'' '`-° .,;<`w°','' T.RPO2act[on a4 Lendor's Rig1tiffi In the PtAp�dy. if eo�rawer tai�s to Pedorm tt+e�covenanis and egreemenss :4 ``V:`�•,::, �:°
<br /> =.- . -,,�;`� comafned in thta SecvTity InsUUmem,cr there b e t�gei Praeeed'ing tha!maY si�idranthl afted Letdei's rights In the RropaLY(sach es "°.•_
<br /> ` , �obat�tor arndemnaUon ar fode�re or tu e[torce taws or regulations).then Leeder maY do and pay tor ? 4 r`
<br /> � ,•tt �<. e proceec4n8 tn 6anivuptAl.D and Lendda dghts In the ProperiY. Lende�s acdons maY Indude P a y t n9 .°. `
<br /> ``: �4` what�ver is rtecessarY m Protaet tAe veiue o1 the PtoD�Y , :`�
<br /> :`�..�' , tnsWment.ePP�9(n cauR.paY1n9�easortaale attomey's tees and . �`` � <' �
<br /> reas
<br /> :, .; .. -; �• eny sums sewred by a Uen whieb has pdortlyy over this Seeurdy fi T.lendes does nat have to do so. "�r�'. _
<br /> r
<br /> er►terUtg on the PropeRy to maka rePatis. Atthough Lender maY take sedon under this para�aP
<br /> �. .i ` �, pny amount9 �sbiused by Lender under this P�9�Ph 7 shaD beceme add'�t[aeaF debt at Bortower sewred by thts Sewrlry
<br /> . � ,• � . , tnsR�hnec�t. tlntess Borrower and LeRder agree to other tertns ot payment. these amourRs sh�il bear Nterest fram the date of . : .4_<� _i
<br /> disDursement el the IVofe rate end sh�D be payabia,witt►irteresi.nAan notice hom Lender to Bartower requesUn9 P�� < :_.:
<br /> " 4�Y ' :
<br /> F:�' �� 8.M 0�4 g8 g A If18Nfil1iC9. It Lender requhed moRgafla tnsuran�e as a cand3lon of maWn9 the ioan seaued by this Sewrtc�l . ,,. t-°�
<br /> r trts�vrt�n. :..._^^"'�aneA oay the P�mg��m malntata the moRaaga tnsuranee f n e ft e c t I f. t e r an y reasan.the mortgaSe , -
<br /> � •. �, re LO obre:rl ccvera9c
<br /> 4 �,��,� insura�ce eoverage required by Lender taps�s or eeasw to be tn eftact,Boaower sfiaD paY the P��s��cosl to 8onower ai the ._ _--'.
<br /> subst�0a1N equlvalent to the martgage insuranee preuiously fi e8ect.at a cos!substantla►hr eWh►a► . ivaicmt moRgage �
<br /> rrwrtgage tnsurance previouaty In effect. fiom an attemate moRga9e trisurer ePPrwed by Lender. N su5stantialty�H�+ moR e � ." ` .�
<br /> - insurance eaverage fs not avaUabie, Barrower sfiall Pay to Lender each �stantk a sum equal to onetwelN► ot the yeady �e Bd -��- �,.
<br /> • ` fisurence premium betng Paid 6y Bortower when the insuranee caverage Iapsed or ceased to be in eftect. Lertder will aceeA� � . �.;�`•'�
<br /> . ,; retafn these paymeMs as a Ia�ss reserve in Ueu ot moRgage Insurance. Loss tesenre paymerrts �►�aY no IonQer be requlred.at the ` ` .,
<br /> � ' ., �V.r.
<br /> I � , '4 .,f: <. oyUon af Ler.der, tt mortgage Insurance coverage pn the amount and for ihe pertod ihat lendec re4uiresl P�otdemaintein ma�4a90 ;��, " ---
<br /> � ,., , . apptaved by Len d e r a g a i n b e e omes sveitabta and is abtained Bortovrer shaD pay the premiums re�ired y�;p ,:._
<br /> _ � '•, insurance in eftec� or to.provtde a toss [esenre. urnil the requirement tor modgage tnsurance ends tn ea�rdance w i t h arry wrilter► - �
<br /> -- — e�eem�t betweea Bouar:cr snd l�der or appUcable taw. l�cd�sheQ.give. � _ —
<br /> - 8.tnSp e C t tan. Len der.or(i s a g e n t m a y m a t c e r e a s o n a b t e e n tr l e s.u p o n a no U i s pecdorrs oi the RopeRy. � ` -
<br /> Borrower nottce at the Ume ot ar prior w en inspedion spedytng reasonabte causs tar the inspectlo�. _�. _--..
<br /> 10. Cond9mnatiot�. �8 p art of ine�Property.or tor�eYance n ll�� ��an,are�e�bY assi��end sha7 bs `-_"
<br /> , : .` condertmaHon or other leking e►ry P ;\
<br /> . } '. pald to Lender. �8 proceeds shall be apPlied to the sums secured by U►is Securfty tnstrument,
<br />- � �..::;# * tn the evein of a toml tatdng af the Propc�ty, in which the fafr r►�(cet . :' -
<br /> . ..�'`-� whelher or not ttisn due.�r3.h anY access Pafd to Borrower. !n the everR of a parttal teldng of the ProperlY • - ;'
<br /> ,. vaiue ot the ProPerty►����► befote tho taking is equal to or greai�than the emourtt of the sums seta�red by this Seeutlty �" .'_4,�:;,:,
<br /> �-,r ' i-,�.� tnsC'urt[ent i�im�erllatelY be�a the taldng. pntesa 8ortow2r a�d lender athenvfse agtee in wrfUng�the sums secured by this Securfty �
<br /> . K,� . InsWmeM shaU be reduced by tP►e amo�mt of the praceeds mnitiptied by tho foQawing ttactIon: (a) the totai amourR af the sums � _ -
<br /> . • sea�red tmmedtatety before the taWng, di+rlded by(b)the taU macket vatue of the Properl5►immediatdy hefore the taidng.My batance ;" ,, v„ -
<br /> • fi whtch the fair matket vatue of tfie Properly Umnediateiy • ,`
<br /> � shaSl be patd to Bortcwer. In tAe'evenl of a parHat teldng of the Properiy ;.:,`.r�
<br /> ` b e t o re t h e t a l d n g i s less than tha emount of tfie sums secured fmmed(atery before tha�Jdng. unless BoROwer end LenQer othe�wfse (`;,� �
<br /> '' `: '` , ��61e law othervvise provldes. t he proee e d s s h a 0 b e e P A l i e d t o t h e s u m s s e e u r e d b y thls Seeurfty - • , ,��
<br />- ..�-� .°°.�,,• agnee in wiiting or un.ess app erv s . .__.._. . _
<br /> � ' �• ' I n s tr u m e n t w h e t h e r o r n o t t h a s u m s are then d�ce. , �
<br /> . ',.�`l �. . ' H the PcapeRY(s abandoned by Bortower.or if.after nolice by lender to Borrower t h a t t h e c o n d e m n o r o f t e r s t o m a k e a n a w a r d or �..':.�c_�.��„s,�
<br /> ' � � settte a ciaim ior damages.Botrower t a i l s to respond to LenQer within 30•day�a��8�e o ��e umsvseaued by thfs Secufilyl �i�j~::�
<br /> t s ,.,.._3:-- - -_
<br /> .. to co�ed an0 ePPN�e Prr.�eds.at fts option.either to reatoration or repair ot the PropertY �'�s r.�;_-_•
<br /> `. . r o
<br /> ' ' � Instrumem.whether or not tt�en dua $ry��ut extend or poatpone the ��'=�`'--'� _
<br /> -5 ..`� . . Untess Lender and Bortower otheivuise agree in wr�ng,enY aPPQ�tion ot proceeds tc P�� �:,xs.�:--r---
<br /> � p�+� erRs referted to fn para�aDha 1 end 2 cr e`�ange ffie amourn of such paymeMs• ' :�. ----
<br /> . . .. ��•.>' ent or
<br /> ,,:ar!•;., due Qate c��.,_monthA►p� . �':�,...
<br /> . �:����s-'' 11.�s�a�ver Not Releasot'!s('rarbearance By I.�nde��tot a Waivlertd�eniy sua�ssor in tnterest oP 8 rrower • - ' -
<br /> - f''� �modiflcatton ot emoAfzaUon ot the sums secured by this Seauit�►InsWmEnt graMe Y -
<br /> she0 not ope�ate to release the liabifdy of the odg[nat Borrower or Borrowers suceessors in Interest. Lender shaU not be requUed ta -- -
<br /> apmmence proceedings againsl eny successar in fnterest a refuse to extend Ume tor paymerrt or otherwise mod'�tY amort�atlon o!the � :,�
<br /> . � �
<br /> . . � . . �, sums secured by this 3ecurity �s�n��fia�y�ght o�remedy aha11 not bete watver of or precleude the�Rexero(e e1 anY d9M or , -,A�_R,
<br /> ... �. . Urteres� My forbearance bY Le . �::�°.
<br /> .. � � remedy. -,,... � —
<br /> ' ' �2, guccessors and Assigets Bound; Joint and Severa!Liabtlity; Castgners. The covenents and
<br /> �: r,.:
<br /> e�reemer►ts of this Secwr�yr insWment shatl bfnd and benefif tfie sueee.9sors and assigns of Lender end Bortower. subject to the • ���!�• �.'-:_ �'
<br /> . �rit
<br /> . ` ' provlsions o1 paragraph 17. BoROwer's covenants and agreements shaU be Jotnt and severai. My Borrower who co-slgns tflis Secarity _
<br /> (nswment Lut does not execute the Hate: (a) Is co-signing tt�ts Secu+ity Instrument onty to moRga9e. �ant, e�d com�el► �t F _
<br /> Bomor�er's irtterest in the Property und�:-'.�terms ot thts Secuctty Ln..��menk (b)is not personally e�i9ated to pay the sums secured t � . ____
<br /> � by this Seeudty tnstrumenh anQ(c) agrees that Lendv and eny other Borrower may a�ee to exi°nd,rtrod'i(fr. torbear or�make sny ` _,., _�,
<br /> --�-�....�e-y.-
<br /> -,�,---:
<br /> ' accommadaUons witb regard to tertns of tfiis Securtly 9r'.�'.'ament or the I�tote withoui tAat Borrower's eonsen� � 'r� __ -
<br /> . . 13, Loan Chargea 11 the toan secured bY t���8ecudtY�nstrument Is subject to a taw which sets m�dmum �aan chazges. � -.
<br /> and that law Is finaliy Interpreted so that the interest or other loan charges callected or to be coSlected 1n,connection wHh the loan •
<br /> exceed tha pertnttted limits,then: (a) e.�such loan charges shall be reduced by the amourR necessary to redttce the char8e to the �: : . `:.,,:•
<br /> , permftted Bmi�and @)any sums eUeady coflected irom Borcower whiah exceeded pertnitted Omits witi be ratund�to o �o ower�If a ., . ' _� �
<br /> ' ' � may choose to make this refund by reducing the pdncipal owed under the Note ar by maW�9 nt cfi ge unC2r the Nota. . "� ��
<br /> :':.,. : . ent wfthout eny prePaYm .
<br /> � ' refund reduces pdncipab the reduction will be VeateO as a partlal PrePaYm '� .
<br /> � ' t4.NottCee. My notice to Bortower prouided for in this Securily Instrumenl shall be given by defbrering it or by ma�ing it by
<br /> '�,`,' ' tirst ctass mail unless applicabte Iaw requires use o1 anolher metho0. The noUce shell be directed t4 the Property Address or any _ _
<br /> �� ' othei address Borrower designates by r.c5ce to Lender. My noUce to Lendar shall be gNen by frr'3 ctass ma11 to Lenders address
<br /> � � stated hereln or eny othet address Lender designates tsy noUce to Borrower. My notice provided�or in thls Secudty tnstrument ahali
<br /> � be deemed to have been gtven to Borrower or lerder w'he�91ve�es Drovided in this paragraph• ' � ',.
<br /> • � 15. �overntng Law;SeVBiBbility. Th:s Searlty Instrument shall be govemed by tederal law �:d the Iaw o1 the , .
<br /> � jurisdiction In which the P�ropeRy is located. tn the evenl that any provislon or clause ollhis Secur.ry Instrument or the Note conNcts
<br /> wrih apRticab�e law, such contilct shal rat aftect other provlsions ot this Securriy InsVUment or tha Note which can be given eNect ` .°
<br /> �. • � •� � vlrthout the contlicting provisfan. To this end the provisions o1 thts Secu�ily Instrument and the Note are dectared to be severabte. .
<br /> � � 16.�orrowePs Copy. HoROwer shall 6e glven one coniormed copy o!the Note and a1 this Seeufl o1��OpeRy or eny � •
<br /> - � 17.Transter of the Property ar a Beneficlal Interest In Borrativer. !t eu or enY P� .. • .
<br /> � interest in it is sotd or transferred (or il a beneticlal Interest in Bortower Is sotd or transterred end Bortower Is not a natural person) .
<br /> . .. , . , without Lendv's pdor v i9 0���on shall not be exe oised by Ltender H uexercise Is'proh btted by fede,raf�as t the da e of th4s S cu ry : " . '
<br /> � . (nsUumeM. Ffowever,th p
<br /> �' . . . Instrument. � _
<br /> � � � If Lender exerdses thie opUon, lender shaU give Bortower noGce o1 aceeleraUon. The noUce shall provide a pedod of not less
<br /> � � ' than 30 days irom the dato the noUce is detivered or maited within which the Borrower must pay a�sums secured by thts Sewrity •. _ . ,
<br /> tnstrument. 8 Bortower faits to pay these sums pdor to ihe e�iraUon ollhis pedad.Lender may invoke any remedies pertnftted by this
<br /> Form 3028 9/90 •
<br /> Security Instrument without turther notice or demartd on Bortower. '� �
<br /> , . . � - F1029.LM0(�Ofin Page 3 ot 5 . - , �
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