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<br /> � ;� r�;� , .°�:,.� . 7.Protecttan o!LenQer's Rt�Atr� M t� �eoperey. K aamwer m�s co a9►eorm ma co� eH� affiecu,�en�s = ,_,. :::
<br /> ,f°:,' .`..• . .• cs�st�3tned tn thts 5ewrd7l mstrum�tn4.or tteere I$��gs1 pro�that maY�►�+tlY at4ect Lend�a�ts�tAe PropeRy(suah as °t.. `�: .,
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<br /> , ...�-,,a." r r.�•s� e pro�eedfng tn benkmptCy.pro0ate.tor eand0rrmai[on ae foRoRure ot to ss��4otce t�xrs of regufE�itOns).tlsen Lendar may do artd pay for �': '�`� ::`�r
<br /> • vfia�s+�b n�:essarY to Pratecl the vaQao ot t!►e ProO�lt and Les►drfs r[g�ta tn the ProO�Y. tenQers acttons_may B�cA�ds DaY�B • t �`
<br /> �;.. . : `�, ' 6ny eums eesurod by a Ik�n VrDicA�as prFOtGy ovSt thts&acttr$y insbumznt,895�8.8t coury DaYlnB reasonabia sK+omayra tc�s enA .
<br /> ' entaring on dro ProAErty.W malm ra�6airs- ARhougA LenQet maY�ectlan undar Nta ps�aAA�.Lender do6s not have to do sa . .;`.
<br /> b,�,�,:,` �` My amoants dlsD�used Gy Lendar undar this Oeragre9h 7 sha0 beeams adddtmr�l dsb! ot Borrouvsr sscured hy tAES 9scur3y . .
<br /> : tnstrumen` Un�ss BoctoHter end l.mtdar�e to oUtor�rtrts ot p8yftrsnt. thssm BmOtmts shaD bofsr t�tera:,4 irom the Qete at 4 •�� `�� ,3} .
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<br /> . ,�� .'�,;s.` QisDursecnent e!th9 Hote mte and shaU 6e DaY��.wBh tn�uDon notiee tram Len�to Bartower�asBnB pBY�ent . �`•s ., ,' ��'',�
<br /> y:< ` 8.14�01t$dl$8 IRSUfBl1�@. It L�en4sr�Quked martgags 6isurancD cts e cond�ton o4 mak6re tho taan securod by tAls Securtty ,_
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<br /> " � Mstrumsn�Bortorra shafi pay tAe premt�ma requUed to mab�ffiTn the mortgage tnsuranee in eNeet. I�tar anY reasan.thn m�rtgage `.•�
<br /> �, �--"��;� insuranee coveraga reqsi�sd bY LenEer�sos m eeasos to tre tn effect,Horrower shaU psy the premiums raQuhea to ob�eover� � �� , Y��=.
<br /> substanti�r�qutuatent u the martgase Insuranca Ptevtoust�b�ofteey at a eose subs�►equNatent t�tne cost w emra�yzir ot ttie
<br /> mortgago insuraru� Dreviousry In� fiom an a3emate mar�go tnsures apOroved by Len�r It su0smntla6�►e4uNak3nt mc�tgege , - � �
<br /> - Ins�uanee oovereg0 Es aot avai�bb� 8orrowar she0 pay ta i�der eaoh �norrth a swn equsl to onatvvetitl� of the yesrty maKgage - 4T;:.•` �
<br /> • tnsuranee gremium betn9 Dald by Borrawes when the insurenco covarego ta$sea or cease�i to be tn eft�L L8tiQ8f YlID HCC6D�U58 8110 �c`�`...:..• '-.
<br /> ` �, ` ,-• '�`: ', �tnese PeYmenis as a tosa resenre Id��at mortgage �suranca Loss resenre D�ymeMS araY rto �rtge►be raQus'e4 et the _`•-.G •-
<br /> �� ' opttan of Lender. U martgage 6�surertce covsrs8a (in tha gmount an4 fOr fAe pertod thal Len6er re�tres) P�ad ti1►8n tnsuret ' ���"" --
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<br /> ; ;�•..<.:" sRArouad'by lBnQet � DeCOma4 avaPab� and ts obta�ed. Bartowe�r shall D9Y ths Drert�Htms�NVed to ma6iffiin rr�ttgage --:-
<br /> .. 6isurana in eft� cr m provida e toss raseiva,untD the requ6e�n9nt fos maRgage 6uurence ends tn accordance wflA eny wfdte� , _
<br />_ ' a�eam¢nt 4et�asen Borronrer end I.ender or eppIICa6�taw . s_ �
<br /> � .• `�' �.�,,.', 9.IftSylBCttOR. Lender or 9s agent maY make reasanabi�entrlas uDan a�M 1psDections of tAe PropeRy. tsndei sha0 ghre .--
<br /> � .'. Barrower notice ei fhe thr+a oi or pdor to an Inspecttop spec3ytnA rsasoneb�ceuse tor the tnsA��- T�._
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<br /> '�, .`�� • �a0. Condemna4lon. TAe proeeeds of any av+ard m C� for demages, dtieCt or conseQuenttaf, in eonnect[an w8h�eny �_�"'_�
<br /> ., ', ..•V a� :� conde�nnauon or ofher takU�g of eny part ot che ProPeny.or for convapance tn Qau of eonCsmnatfon.aro eaceDy ess�gned end sha0 be = _
<br /> ' :... pate to LenOett
<br />. ;� '�', tn thA event ot a toml taktn@ oi tAs Woperty.the procee�s shaD be eppIIed to the sums secuced by Nis SeamTy Ir�strtimart4 -
<br />,{,,' - . r � whether ot not th� due.w�atty e�ocess paf0 to Honawar. In the evertt at a perttal tahtng of the Ptop8rt71 tn whbA the fair markei _ •r-��-
<br /> :: ``'-'_:' vatue ot tha PreP�Sr �M befora Na takb� t9 e�af to or graates tAan tt� amount ot the sums secured tiy Ws Sean3y , �`�: -_.-- - -
<br /> • �. Instrument immedfatety before tAe tBkinB. un�sS BOtroar�r en0 LendOr optenif�e agt$e tn v�rfttn9,the SucnB secured;by thL� SeCUfdf/� �
<br /> s"; mstrument shetl be re�ced by the emaunt ot the proeeeQs murttplied by fhe tallqw�f8 tracUom. (a)the toffiI amount ot the sums � _-_.
<br /> secure0 6ransdiatsry befo�the taking. dtutded bY lb)the faEr madcet vaNe o(the Property 6nme�ateb before tho fakUi9.Any batanca ---
<br /> � I shel!6a peld to Bor�ptvR. tn tha event ot a psrtiaF taktng of the Propertri n whbh tRe tah ma�ket vahie ot the Proparty 6rtmsQtate�t �. --
<br /> ., �,..`�:f::" . beioce tha ta&�g is tess tnan ttia amaunt of the swns seatred 6mrte01ate1�►beiare the fatdn8�untsss Borrower end Lendec othervv(Se ' ".
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<br />� :: agrea In wr36ig ar unfess eOPUcable faw othemise pravlQ�. the proce9as s�BD D0 appIIed to the sums secu�e0 tiy tAts Secufd�t = "
<br /> ��"�.'� mstrument wheMer or aot the sums are then dua =
<br /> � � . � r tf tAe Propeny ts abandaned by Bor►ower.or H.efter no8ee by Lander to Borrower that the condemnor ofters to maice an award or K=—
<br /> t ,. � sett�a ctalm tor damages, Bortower tat�s to respond to Lender wtth6i 30�ys et�r the�te trts nottce ts gl+ren.I�nder ts authaH�ad � - ___--
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<br /> ta cotfect and appry Ne prooeeds.at$a optian.eSher to restaraticn ar�aEr of Ne Property or to the Sums SeCUred by tnis SecurR�t ;.----:=_
<br /> � � Instrument,whetNer or not then Qua �
<br /> ... . � UnFass Lender and Barrowar•othenr+tse a�ee fi writb►g,tu�y eppQcaBon of praceeds ta D��P�ahatl not e�der+A or postponc+�he ����:?J--
<br /> . . Que dete ot the monthry payments referted ro tn paragcaptu t end 2 or changa the amount of such payrrtents. . . �v,::.:`.
<br /> - . �•-.,.�; 1f. Barrewer Not Rete�sec4: For6�ea�re 8y Lender Not a Waiver. �ns�on o: me srma [or oayment nr -' ``._-�
<br /> ' . � :•i: modiFir,elton ot emort�aUon of the sums secured by this Security teatrument grante0 by LenQer to en]►successo►fn intetsst o!Bomower . '��''�,",{. -
<br /> - : •. t, � '�: shall not operats to retaase the OaD�ty►af Ne or�Inet Bortower or 8orrowats snccessors in lnterest L�det sha7 nof be reQu�ed to .;���'`
<br /> � � � �" =� commence proceeQtrtgs agat�st any suecessor tn Interest or refuss to�Gmid ttrne fdr paymant or othenvtse mad�t amoRf�atton of the '?����-� �:
<br />. _ _ ` ,i'j '"�.:r•
<br /> ; sums secured by this Security InsVument by resson of erry damand mada by the ar�lna► 8orrov�er ar Bortowers successOrs tn "�"""•"'�'�"�
<br /> • '� interest. My forbearance by Lender in oxercfsbfg eny right or remedy shall not be a waiver of or prect�da the w�ereise ot eey ri�ht or ����-�`��`�'
<br /> '. �:; re►n�dY. � �_� �
<br /> .. • t2.Success�rs ana Assig� Bound; Jotnt and 3�e�a1 Lia�ility; Co-stgn�ra 'rne covenanss end y �.�- �
<br /> , •� "• `'�. � ' agneements of thb Securityr Instrument snaU bind and benefit the successars and assigns.of LenCet attd Barrawer, subjec¢to the �e'�=`
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<br /> � . , pravtsPons ol paragrapb 17. Bocrowets cavanenis en�egreements ahaD 6a Jomt and severaL My Borrawer wtio co-signs thts Securriy —_,__
<br /> °. ` '� � tnstrument but does nat eaeeute the Note: (a) � crsignfng lhis SEeuriry fnsWment onty to mortgaQ�, 8ranf. end comrey. that ���"'�`-""_
<br /> � � - �� � Bonower's interast in the Propertyr unQer the terms of thi�Securityr Insbumang(bj Is not personatiy oCligated to�ay the sums secured ` �`'__
<br /> F .... � , . :; , ,. ._
<br />_ by this Securdy Inst�ymen� end (o)agrees that Lender end any other Bonower may agree to e�Rend. mod'dy.torbear or malce eny �y � ,:
<br /> ' .. ,�' ;+ accommodattons wftA regard to terms o!th19 Security(nstrurtrent or the Note wkhout tAat BOrroww's cOn$gnb . �•;=;�f�."_
<br /> • �f� 43. L0�1 ChBf$88. If the toan secured by this Securdy Insfiumant is subjeat to a taw whbh sets mex'mum toan charges. _
<br /> . srrd tAae taw is finaRy interpreted so that the Interest or other toan oherges co�ZCted or to 6e coltected in cc�s:meetton wRh the tnan
<br /> � �- ��• . exceed Me permitted�un�s, then; (a)any suctf t0an charges 9ha0 de redueed by the emount nec6SSery to te�^e9 the charge to tAe '� '
<br /> � . • - per►r.:�.�lim�and(b)anY sums a0ready co�ected ftbm Borrower w!iiCA waceeQed pertrt�ted Qmfts wi�be refunded to Bamower. lender � " "
<br /> � �,_1; may c*�ose to make this retund by reductr►g the pBnclpai ovred w^�det tAe Note or by making a dUect payment to 8ortu�. If&
<br /> • � reflin0 reQuces prinolpaf,the reducNon wlll be heatEd as a perttal prepayment wBhout any prepaymant charge under the Note. � -
<br /> �., ' 14. NO3iC88. My notice to Borrovrer pror.u�A for b�this Securiry tas7ument shaU be glven by delkeMg it or by ma�ng R by � � `
<br /> • ' first ctass mail unlQSS appficable taw requtres usa ct artotha�method. The notice shaU be dtrected to the Prq�rty AQQress ar any • •
<br /> rr• � . � : other address Bortower Qesignete9 by noUce to Lender. My notMa to Lender sha0 be given by ttrst otasa ma0 to Lendars address �
<br /> ' � . • stazed Aerein or eny other eddress Lert�r designates by notice to Borrower. MY notice pravlded tor in Mis SeCUriry tnstrument shall .' .
<br /> ;�.��, • De Qeemed to hava 6een given to Bortower or Lender when gNen as provlQed in thi9 paragraDh. . � �
<br /> � 18. Qoverning Lew;Severa�itity. Th� Securlty In5Wm9nt sna�i ne sovemed cr reeara� �aw and er,e 13w of the '.
<br /> • Jurlsdktlon m whkh M.o PropeAy ts Iocs2eA. In the eveM that any prwlsfon or ctause of thls Seeurfty Instrurt�r•s a the Note contlicfs
<br /> � : . with applicabTe law, such conflbt ShaU not affect other provistons of Nis 8ecurKyr Instrument or thA(Vote vfiich Cen Ee gNSn etteCt '
<br /> � .. wfthout the conflicting provision. To this end the prwlslons of th19 S�urBy tnstrument end the Hote are deCtared to 6e sera��:e. .
<br />��..�;: . 18. Bono�ver's Copy. Borrowe►shaD be gAren one conformed Copy of the 1Vot8 and of this Securlry InsUumant • �
<br /> � 17. Transter of the Property or a Beneti�lai Interest in Bonower. If a0 or any part ot the Prapedy or eny
<br /> Interest in R is so1Q or transterted (or N a beneflcmt h►tarest in Borrower is Sotd or Vensterred and Borrower is not a n8tr�ral person) .
<br /> ' • • wfthout Lendars prior wrrtten consent,Lender may,at fts optlon. requtre imrnediatg paymant In fuil o}ail sums secured by tAis Secur�y . � � '
<br /> • ` ' InsUument. However,thi9 option shall not be exeraised by Lender if exercise is prohibited by federal law as ot fhe date of this BeCUrRp • .;
<br /> - . Instrumfnt
<br /> � 11 Lender exerc[sss thts optlon,!ender shall give Bortower noUce ot acceieraUOn. 7ha not�e ShaA provide a pehoC o1 rtot�ss - .
<br /> � ' than 30 deys irom t�e date the notke Is defivered or maL'ed wiNfn whbh the Borrowe�must pay ell sums secured by Nts Secufrtyr � ,
<br /> . . Insbument. If Borrower kaiits to pay these sums prior to the explraUon ol this perioA,LenQer may tnvoke any remeQ�s permitted Dy Mis . ,
<br /> ��,: ' � Security fnstrument without fuMer notice or Eemand on Borrower. rorm aczs eno � '.
<br /> ' � � ft�28.LM0(l0/87) Pdpo 3 0l 5 ', ' "�.
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