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<br /> .� '� °:t�<<:'s��. ' . PaY�ents may no tonger 6e raquired.at ttte option of Leader,if mongage iasurance coveiage(in the amount nnd for th�Perind ;�r"
<br /> 4; that Lender reqnires)Provided bY aa ias�uer approved hy I.ender again becomes available and is obtained. Borrower sball pay :;..5 � .;�,. :
<br /> -- :;�„r;-�c . >,'.,[ the ptemiwna mquired to maintain tuortp,�e im7uance ia efPect,or to pmvide a loss cesecve.until the requiremeat for mortgage '.' :.. , � " * `
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<br /> __ ..r;, insura�as mds in accoNaure with any asiuea agreement between Bottower aad I.endu or applicable law. � f::r� ` ;h,,::
<br /> �` � ' 9.Inspection.L.eader ar its ageat maY make�easonable entries upon aud inspeaions of the ProPenY- Lender shall give
<br /> � -. +��;� ` z, Boirower aotece at the time uf or prior to aa itispecoion sAecif}rinS reaso�ble ca�se for the inspection. � .�';, �
<br /> 4 . '
<br /> t .�� `` 10.Condemnation.'ihe pmceeds df auy award or claim far damages. di�ect or consegueatial, in oonnection wii6 any � .._ _�_
<br /> �.: �r :
<br /> �,t � . ., �` .� ooade�aation ar other taking of any part of the Pmperty.or for conveyanse in tieu of cvndesunation,are�emby assigued and � .;
<br /> � _ � " shall 6e paid co l.ender. � r`"
<br /> ,�=�• � , ;�„�,: Ia the event of a tatal[aking of the Property.the pmceeds shall hc apptied to the sarns secured by this Seauity instrument, db `° � :•., _'
<br /> ` �=�^^�:`: w4ether or not then due.with aay excess paid to Borrower.In the cveat of a panial taldng of the Praperty in which the fair � _ ,
<br /> -�s��'�° `��- ;:`� mack�vatue of tLe Propeny immediatety before the taking is equal to or�than the amount of the sums secuied by this � �.;` t ° c•.
<br /> � r S�nriry Insuunaeat i n n m e d i a t e 1y b e fare the t a i d n g,unles�Boaowec and Ixnder otheiwise agree in writing.the sumz secured by � , r� � ��
<br /> �,� ':1 - 4 tLis Se�vrity Insunment shall be red�ced by the amount of the pmce�ds multiplied hy the following frasaoa: (a) the toral < `
<br /> � _ ' °� amount of the sums seaued immwiiatelY befon the ta�ng,d i v i d e d b Y(b)t h e fair m a r k e t v a luc o t t h�P�o p e r t y i m m e d i a t e l y _ .` -
<br /> � � � 6efore the tatong. Atry balance shall be paid to Eo:mwer. la the eveut of a paraal talcing of the Property in which the fais •: h ti ,-
<br /> , .� market valne of the Property immediateIy before the taking is le�a th�n tTse amouat of the snms secured immediately 6efo�e the ';�,` �,� �.
<br /> � � , .� � .
<br /> - � - .;.-�.. taldng.ualess Borsower and l�eader othe�wise agree in writing or unless applicable taw oihecwise provides.the pmceeds shall . °� °� o-�
<br /> .'f,��. .� h:�r:'':�:,z.'-?•n.c-:
<br /> be applied w the sums secuned by this Secaciry Insuwnent wh�ther or not the sums aze then due. ,<<: � .::.•�:,
<br /> ��,,�°� � ; If the Prupecty is abandone�by Borrower,or i�after notice by L.�de�to Botrower that the condcmnor offecs co make an , � z.,•4,.,
<br /> '•4 � :1 award or s�tte a claim for danaages, Borrower fails so cespoad w l.e n d e r ari t h i n 3 0 days a f t e r�h e d a t e t t►e a fl a c�i s g iv e u. f =
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<br /> , :.;�`�., . . .g lxader is authori�ed w collea and apply the pmceeds.at its op[ion,eitUer to restoratioa or ze{►air of ihe Pmpeny or to the sums ,". .,••� ..:.;':--
<br /> 'F�T } ':� .* secured b this Security Insaument,whether or not then due. :- � �
<br /> ;.,. ..,_. . .•.:.�, �,•,� Unless Lender and Borrowu atheiwise ag�ee in writing, m►Y apgticazion of pmceeds to principal shaU not extend or `� ' � -
<br /> � ' . .:.; pastpone the dtie date of the moadilY Payrueats refe�ed to in paragraphs 1 aad 2 or chaage the amouat of suctt paymeats. ;� r 'n -
<br /> - - -� - Y�-,,; �
<br /> - ;;:V � ' ,,`�:;_,;:: 11.Borrower Not Refeased:Farbearaace By Lender Not a Waiver.Extmaion of the time for payaeeat or modifcc�tion ` -
<br /> b I.ender to successor In interest of Botrower shall ,,,. �.;. ;.�'
<br /> �:.•.. ' . ..�• of amortQation of the sums secured by this Se�uriry Iastr�ment graated Y �Y •. ..,_,
<br /> ,�' ')." .. . � . .'..'.':'.• 4�••�.. � .
<br />--` �..., - r-,::;_,:.:o.#°' aot operate to release the liabitity of the origbnal Bosower or Borrower's successors ia interest.Leuder shall aot 6e required to P�. ;}:___
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<br /> �. �`'';°` �..:;: oommeace Pnnceedin8s a8ainsi anY��or in interest or cefuse to e�rtd time fot payaietu or otheiwise modify amortizadon =� y � .
<br /> � `�` t . ,� of the sou�a secured by this Securiry instri**�s.°^+ by reasoa of azry demand made by ttce original Bormwer or Borrower's
<br /> �., ` �� ; �= successors ia interest. Aay focbearancc by Lxn der in exercisiag aaY ri g h t ar r e m e d y a b a l l n o x 6 e s w a i v e r o f o r pceclude the �.� a '-
<br /> �' . ��r exencb,e of a�r right or cemedy. �`�� .. ;
<br /> � '=. � �.` :` " eis.The ooveaaats aad of this ' ""
<br /> . , �. •. LZ. 3awessors and Asl�Boaad: dotnt aad Several LIabIHty:Co-sign s � '`:�. ��=`"°
<br /> �' �„ �" ,. Se�auity lastniment shall bind aad benefit the sucsessors and a5signs of Lender and Borrnwer, sub ect to the rovisioas of , • • �-s�,r,.
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<br /> , .. .. ' puagapb IT. Bortawer's covenants and agreements s6aU be joint and sweral. Any Borrower who ca-signs this Seaui33► ": �;
<br /> � � . Y I m�t r u m e u i 6at does not execute dte Nute: (a)�S co-signing this SecuriEy insaumeut only to mortgage,gzant and coavey that '.. r .
<br /> _; :, ; * Borrower's iuteresc in the Propeity under the tecros of this Security Instrument:N)is not pers o n a l ly o b}igat e d to pay t he s o m s ' _
<br /> � seauett by this 5ecurity Insuument:and(e)agrces thai Ixa�ter and any other Botrower may agree to exteud,modify.forbear or ',��, • °��- <
<br /> � S wake azsy accammodations with:egard to the terms oY this Securiry Instcument or the Note without that Borrower's coasent. '. ` _.
<br /> • � •.•� 13.Loaa C6arges.If the loau secuced by this Se�vrity Insaument is snb}ea to a laa►wtuch sets maximum to�cbarges, ' �`;,
<br /> and ihat law is fmalty inteipteced so that the interes[or other loan charges collected or to be coltected ia conneaioa with tlic ,. r: ."-:
<br />- '';� . , � loan e�ceed the permitted limits.then: (a)a�+such toan charge shall be teduoed by the amounc necessary to reducc the charge - ::�
<br /> ace �;,�� .
<br /> .' ' � to the permitted limit:and @)aaY sums already collected frora Borrower which excceded permiued limits aill be refwided to � . 4
<br /> Bormwer. Lender may choose to malce tbis refand by reducing the psincipal awed�nder the Note or by maIcing a direcc ; • •> _�
<br />_ ', .`°r�'�:. p a y m a u to Borraa+er. If a refund reduces principal. the reducaon will be tre�ed as a partial prepayment witho�t azry ; ._��.��
<br />_ �.z^ ° � .. •.. P�PaYment chazge under the Note. . : �_�'=
<br /> ' s.��.:';: t4.Notices.Aay noace[o Borrawer provided for in this Securiry Instrument shaU be givea by delivermg it m by mailmg _
<br /> `��,:: :,� ��. it by fitst ctass maii iutless applicable law requires use of another method.The notice shall be direct�to the Propem�Address � •: :;°`
<br /> .: `.� or amr othes addtess Borrower designates by aotice to Lender. My aodce to Leader shall be g'rven by fissc class mail to ,.�! �
<br /> '-.. a...:'.,
<br /> � ' Leadcr's address staced herein or any other address Lender desigaates by aotice to�orrower. Any notice pravided for in this
<br /> : +.;,. , .'. :�. ;':•: Security lnstnzment shal!be deemed to have 6een given to Boaower or Lender when�iven as provided in this paragrapb. .
<br /> ;�.�_,`. •, .' l5.Gove�dng 1aw: SevernbilIty. This Secwity lnstrumeat shall be gavemed by federal law and ihe law oY the . .
<br /> ed
<br /> '' �; . • jurisdiction in which the Propercy is located.In the event that any provision or clause of�his Seeurity lastcument or the Note . -
<br /> '�''�, � ` • confllcta with applicable law,such cotri]ict shall not affect ottter provisions of this Security I nstrument or t he Note w L i c h c a n b e
<br /> '�'r°�'' �-•� ,�'' �: � ' � given efteci without the conflicting provision.To this end the pravisions of this Securiry Insttument and the Note are detl�ed _ .
<br /> ���" '�� � to be severabte. � '
<br /> •��•�:''''. ' 16.Borrower's Copy.Borrower shall be given one wnformed copy of the Hoee aad of this Securiry Instrument. : �
<br /> ;•�- :: � •
<br /> •;�„ ' .. � . Form 3028 9/90 . .
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