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<br /> �� �. � �r PaY��Y uo 2onger 6e reguiral,at the op�on of Lentler,if mortgage iasuranoe co�,�age(m the amotmt and for the pe�iod � ° -`�;�, �
<br /> __.��.+,'' , �` ° . �.f;. � tItat Let�der requires)Provided bp aa iasaier appmved by Iender again becames avaelable�d is obtained.Bonower shall pay :'-�. . P ..
<br /> — • ' �, the preminms�eqoised w maintaia mortgage insuraace ia effect,or to provide a loss ieserve,�mril the requirement for mongage . ' `�--
<br /> ---�-: �<-• `,�r �-�::� insnraaee e�ds in aocotdaatx witb�y written agreement betwe�Bormwer and Lender or agplicable law. �'_¢"`"•. -
<br /> . ; � �;
<br /> .:5. �r..� _ 9.Inspection.Leader or its ageat may make reasonable enuies upoa and'mspe�dons of the Proparty. Ixader shaU give °� �: -;�,:;.
<br />--�a_�:,-• .,r _ : ::}�T c.� BoA+ower aotice at the tlme of or prior w an inspecdon specii�riag zeasonab2e canse for the inspection. � �S..: � :. _..-
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<br /> '�� ..� <��:; . " �- 10.Condemnation.The pmceeds of any award or claim for damages, direct or cons�quenrial. in connection with any .sl . , :�� :; .
<br /> `. , . <.3; �,,.�:f�t - -`-
<br /> -. . ceademnadon os other taking of aay part of the Ptoperty,or for conveyaace ia liw of caademnation, aze hereby assi�gned and � ,� `�`�
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<br /> _�,.:'° . �r-J--'�,-• lu the eveat of a total taldng of the PmpertY,the proceeds shall be appliai to the sums seciued isy this Secvrity Insav�uent, � j_ ` _ •,
<br /> '°` � �-r`�T^° ' wh�lter or nut then�e.with aay excess paid to Borrower.In the eveat of a partial taking of the Pmperry m whic�the fair "
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<br /> `�� �- � market valt�of the Prnperty immediatelY before the taking is eqnal w or gceatec thaa the amount of the sams s�bY ttus � ,J
<br /> ._�:_� � ., . . . °
<br /> -- � - - •- - " S�ry Insuome��me�tateiy before the taking,�mtess Bormwec and ir,nder othe�wise agree in writiag,tfle sums secuted bY '
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<br /> `�'� _. '� t1�Is Seca�ty Insdt�meut shaU be tedaced hy the amouat of the procceds�nitiplied by the followmg fraction: (a)the total � ��
<br /> _� . �.� .':� ,
<br /> � �`'—f` . , amo�mt of tlie sarns saxued immediate�Y before the taking,divided by fb)dne fair ma:ket va2ne of the Fcoperty immc�tciy _ -;� `.
<br /> � � � .�
<br /> `f ' befo:e the tat�ng. Arnr balance s6aU be patd w Bomuwer. In the eveat of a partial taking of the Prapeny in whic�h the fair � ;.: °,,.< <,
<br /> �: � ,
<br /> �, market watue of the Property immediasely before the taldng is less thaA the amount of the swnc s�immediately 6efo:e the ;�:Y,
<br /> �:.'�: � : taking.untess Bonower aad Lender otherwise agrce in writing or ualess appli c a b le l a w o t h e i w i s e provi des,t De pm o e e d s s h a ll _ r,_ , �.,�:
<br /> � .�=r :� � ` be applied ta tl�sums secund by this Security Instmmeat whether or not the smns are thcn due. �":t°
<br /> � � -� � If the Ptoperty is ahandoned by Bomnwer.or if,after nodce by Leader to Boirower that the condemnor offers to make an `` A .�`�.
<br /> �-"� '`_. � awazd ar seule a claim for daznages,Botrower fa�s to respond to Lcnder within 30 days atter the date the notice is given, �' .
<br /> ' `'` t Leader is autharl�d w collect and apply the proceeds,at its option,either to restoraHon or:epair of the Property or w the sums `=_ `. :,' -
<br /> �' �4 .,.�' whethec or not then due. ep ., ' r �. .�
<br /> s+ecu�l hy this Seauiry Iasocament,
<br /> .�, � � Unless l,emder aud Borrower otheiwbse agree in writing, aaY aPPlic�tioa of pmceeds to griacipat shall not extead or •w -�
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<br /> - f'_'•� -. ` ' . ' u postpane the due date of the tnonthlY PaYmeau Tefecred w ia paragrapLs 1 and 2 or change the amoant of such PaYmenis• _. . . `
<br /> - �� :• - - -' ,.,-....
<br /> �.. ._ : . �.�;.. _ 11.Borrowes Not Ret�sed:Forbeaiance By Lender Not a Wafv�.ExtEasidn of the time for payment or modifscation :- ,r
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<br /> �; - : oY amort�on of the sums secured by thLs Security Insttnment granted by l�endec to aoy saccassar in intecest oC�rnuwai�tait -
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<br /> ,�`-.�. �,., �,c.�-: not operate w nelease the liability of the original Bosmwer or Borrawer's successo:s ia interest. Lender shall not be iequired w � �,
<br /> . �:�r . . ,' ,i ; comm�ce pmc�gs agaiast any saccessor in interest or refuse w extead time for paymeat or otheza�ise modify amortiration ' ' �-
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<br /> ,�; �-��,.:..: of dte s� sea�red by tbis Secarity Insaument by reason of a�r demand made by the original Bosrower or Borrower's �,�' ,. �•1+-'a Y-
<br /> or shaU aot be a waiver of or rectude the l �" '�
<br /> � sttccessors tn intecest.A�►foififiearanse b}►Lender in eaerclsiag anY�F� ��Y p „- `
<br /> � . , eRer�ise of aay right or�y. _.•
<br /> ` ' � . :� 12. 3aeoessors and Assigav Bound:Jo1ffi and Several Lia6II[ty; Co-siguers. 'Fhe wveaaats and agceemeau of this :i .'-`
<br /> :;��,;:.� '� .
<br /> :`��,;:a . " . Seauity Insuumeat shall bind and benefit the successors and assigns of lxnder aad Borrower. subject to the provisions of .`.:�::�.'
<br /> , r .. . •.'� paragraph 17. Borrower's covenants aad agreemeats shall be joint aad several. Any Borrower who co-signs tbis Setariry ;
<br /> ...�t4--:..,�L' . Inst:ament but dces not exetvte t he Note: (a)i s s o-s i g u i n S t h i s S e a u i ry I a s u o m e n t o n l y t o m o r t g a g e.g r a a t a n d w a v e y t h a t { .
<br /> 4..,n..,;�.•;: �• . Bormwet's Interest m the Property under the terms of this Secu:ity Iastrument.(b)is not pers o n a i ly o b l i g a t e d t o pay t h e s u m s -3 •-
<br /> -:j;. .; � � �' s�by this 3ecuiity �+*, t;and(c)aScees that Lender and any othe:Bormwer may ag�ee to entend,modif�►.fotbe�or - :
<br /> '.:��:: ;,.� .` ' • '.;� make any acxommadations arlth regard to the terms of this Securiry Insuament or the l�tote witkout that Borrower's consent. °�
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<br /> � .,:::.:, ; : . 13.Loan C6a!ges.If the loan seaued by this Serurity Insnvu�eat is subject to a law ahich seis maaimum loan charges, -. . -
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<br /> �F' r- � • • =� and that law is finally interpreted so that the iaterest or other loan charges collected or to he collected iu wnnecHoa with the
<br /> �'• ;`� , , �, .�``� loan exceed the permitt�limits,then:(a)any snch loan char e shall be redaced by the amouni n�essaz7►to�educe the charge � �
<br /> ,. � 8 ` �:�. � .. �u.t.,'.
<br /> '= �" � � ` to the permitted liwit;and(by a�►Y snms alreadY wltected from Borrower wi�ich exceeded peimitted limits wDl be refuaded to _ ,,,.
<br /> •� -- `i -- gomnwer. L,euder may choose to anake this refuad by reduciag the princtpal owed uader the Note or by making a dire�t �•
<br /> .' paymeut�to Bonower. If a refuad ieduces priacipal, the reductioa arill be aeated as a p�tiat prepayment withoat aay .F .:•,
<br /> � -. �
<br /> ` prepayment chazge vnder the Note. -
<br /> ��.� �;;' ± •
<br /> .�. ..:_ . =� . !4.Nottcea.Any notIce to Borrower prnvIded for in this Securiry Instrument shall be given by deliveziag it or by mailiag •
<br /> -���= "�� it b &st class mail anless a licabte law requires use of anothe:method.The notice shaU be directed to the Property Address • , _
<br /> ....�,.,.:• . y pn
<br /> `� .:':'', '� �� or any other address Bormwer des'Uaaates by nottce to Lender. Any notice to Lender shaU be given by first class mail to � . - ,
<br /> �'=•r � � Lender's addcess stated herein or aay ottiet address Lender designates try nasice to BorroweY. My notice provided for in this � :
<br /> ``'�� �� ` Security Iustniment shall be deemed to hsve been ven co Borrowes or Lender when given as pmvided ia tbis paragraph.
<br /> '�T:''✓��:. ' • . = 8� • , '
<br /> - '� `. • , ` l5.Governing Law; Severabithp. 'fhis Securlty lasuumeut shall be govemed by federal ]aw and the law of the _ .
<br /> ..`�•:,�;�.., � . �, . " jurisdicaon in which the Property is located. in the event ttsat any provision or clause of Wis Security lnsuument or the Note : .'�;
<br /> .:�;..'::;: • . , conflicts with applicable law.such conflict shall not affect other ptovisians of this Security Inswment or the Note which caa be
<br /> ' � given effect withaut the cunilicting provision.To this end the provisions of this Securiry Instrument and the Note aze deciared .
<br /> `�.,�'.; .
<br /> 3: ,.•, , to be severabte. � �
<br /> �'� ��:�' 16.Borrowec's Copy.Borrower shall be given one conformed copy nf the Note and of this Securiry lnsuument• � :
<br /> � :• � ' • . Form 3028 8/90 1 . ;
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