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<br />_ . _ _. . � � . �. � � , . �- _ � 94-it�0� : _ � � ��
<br /> rq.e�.w.�aa joo�a be�eq�rba.at�a�ii,.a�L�d�.if�c�e;�rr.soe ooMx�e ci�'t�e�wo�t..a Ta t6e pa�o�d .:.
<br /> ''���� �)P9�+��b3►���PP�`��►p I�Idet�ie bareome�arail�6ie�ed i�Pb�.Honoywt i�l pq► . '-
<br /> : _ . Iie��yai�ed ed m�tiaaia mocts�e�uwr�noe ie el�e,p�!�Pro'vide a 1or�aec+r�mtil dic nqMine�eat for�eoei� . '
<br /> � .imur�oce eed�iu a000id�nx�rit6�ajr wtitten a�teemeot be�iMeeo Haceo�et aed i.e�ade�ar appiic�6la la�v. . , .
<br /> . !.i�efiM.Lader ur its�m�y n�tr,rou�bk e�tria qwn ied ie�ctioei at the Pmpe;tY;l�eader�iyl!pre .
<br /> Botrewer aotia at tbe gme af or prior to an iropeet�on ipqcifjrinE rieaoo�bk cyuse tat tbe�trpeaion. � - . � . .
<br /> � 1!.GIM�■�.TUe po�eds of,�ny a+v�d or dipine fa d�e�,dit�ecE ot oonraquaKiat.in oomation�h ae�r .
<br /> oondena�ioa or at6er t�lciag of any�ut of We Pevpaty.or for oonvey�noe�in liat of aoad�on.a�ce Mdy a�si�ed ad
<br /> ` si�be pid to t.aader. - , = �
<br /> � hrthe eveat of s toW�of t[ie Pt�opetty,tbe p�000eds sh�ii be+�ppliod to tbe wms 3ecuted by this Seattiry I�ttumeot._:-_ --
<br /> �etAei a aot d�a4 d�.ivitb any exass pid to 8ono�er.Jn tLe eveat of a pittia!nitinE of t6t Propecty in whicA di�f�ir
<br /> mutret val�e of the Property immedt�teig befote d�e niceua is eqwl W or g�ter tlnm d�e amount of tbe soms�aa�tad bY�is ,
<br /> .Seatity Ia�t in�medi�tdy befun the h1�g.aideas Botto�vet aed l.eader ad�ec�rlte aaroe in��itL�,t6esoms eecc�trd ly
<br /> d�is Sa�ariry Imt�uaxat shtll ba teducad by the amonnt of t�e pr+000eds muitiptied try the foibwio6 fiactioa: (a)tht toW
<br /> atnuot of t6e wms sautnd immedia�dy 6efae tbe t�tioa,divided by(b)the fiiir m�dcst value of the Pmpvty i�edi�tel!►
<br /> 6efoie t6e tatina. My b�l�are sh�ll be pud to Borrowa. In die avent of a patti�i t�icing a!t6e Propecty in Mhici�tbe fair
<br /> m�rkd vatue of tl�e Pmpaty immediateiy befor�the t�idng is teu thm the amount of the s�seaned immediateiy 6efonF tbe
<br /> 1�Itl$s UOIEf�f BOt[n1YE[iDd L�COf1C[Of�1R�Y1SC!g1lE�II WfII�D$O�UO�CSS i�1pblC IiN O�bETWlSE pfbH�C3.fI1C j1f0�00dS BMII
<br /> bE 7�lOd t0 t�C S�II4 SlQII��t�115$EC{Ifll31 jllSti11111CD1 W�l!l�ICf Of tIOL l�1E SU1lIS�iLCO dYC.
<br /> �U1C pIO�G[Ljl.lS�Ol��80[lOWCf.Q�Ifs��f OOh17C�l ZR�Cf f�BORbWK��!C OOII�QMOi OffCIS W IDf�C�
<br /> �1Y7[I�'Of`�C t C�pll��9$�Ss BO[tOWC[�.430 t�01fd tQ T.lOtfCr Wltbl��dAJIS�Cf tf1E�i[E t�1C QOqCC 19�iVgl.
<br /> I.ender is suthorized ta oollact ard ypply thepinaeds,at its aptiun,eitber w resw�atioa or n�tir of t6t PraQerty or w t6e s� •
<br /> �bY��Y�.wbdher or oot thea dat. .
<br /> � Udeas I�der snd Bortower otimvise agroe in writinE, �nY �PP��P�w princip�l shall not extmd a '
<br /> �. poatpone the dae date of tbe maxhlY PaYments nf�ned oo in paragrnph�1 and Z or cl�oge tLe�nto�pt 4f such paymens. . .
<br /> . , 11.Eormwer Not Relea�ed;For6aeaooe By Lender Not a Waiver.Exteasion of the time fos payma�t�i�odification
<br /> of amortir�ion of tbe�sax�nod by tLis Security Insduqnent�ranted by Lendar to auy su�ooessor in intenst of Ho�awer st�all
<br /> .. mC opaate to ntase thc Uabt�ity of tlie origlaal B'omnwer or Bomowu's svooessois ia iatae�st.I�nder ah�ll not be t+equind to
<br /> commence pmaedings againu any sucaessor in intenst ar nfuse to e�ctend time for payman or ottkrwise modify amoRiTatioa
<br /> of the sumc saunxf by this Securiry Insuument by nason of any demabd made by tbe original Borrower or Bomuwer':
<br /> auce.csors in irae�.�My fo�fiearance by Lendet in exacising any rigM or remedy shaU not be a waiva of or�oclude the
<br /> ex��f�ay right or i�y_�:.. • . :. -
<br /> 12�. Soocea�ots asd A��Bo�d;Joint and Sever�l Liabaity, C,o-�oers-Tt�e coveaants and age�of this •
<br /> Savriry Instrument s5a1 Ei�d az�benefit the successors anc! assigns of Lender aad Borrower.sub�er�t to the g.,rovisions of
<br /> puagraph 17:Bara�a�is s eoceaantig and agr�ents shall be jaint uid several. Any Borrower wfia co-signs this 5ewrity
<br /> , Insttument 6ut do�r��f execuse[he Note: (a) is co-signing this Sa:uriry Isuwment only to tnortgage.grant aa�oonvey tl�at
<br /> Borro�ver's iatecr5t in t�e Propeny ander the terms pf this 3atiuity ins�nent; tb)is not�ersonalty obtigatal to p�y�the sums
<br /> sauiod by this Security Instrumen�and(c)agrces that Lender and any other Borrower may agree to extend,modify,forbear or
<br /> make any accommodations with regard to the terms of this Securiry Instrument or the Note without that Borrower's coasem.
<br /> 13. La�n Charges.If the toan secured by this Securiry lnstn�ment is subject to a law which sets maximum loan chargas, '
<br /> and that law is fu�alty interpreted so that the interest or other loan charges coliected or to be collxted in connection with tl�e
<br /> toan eaoaed the permitted limits.then: (a)any such loan charge shall be reduced by the au�nt nacessary tb redua the charge
<br /> to the peamittod timit;and(b)any sums already collected from Borrower which eaceede�pemuttod limits will be refunded to -
<br /> Borro��;Lender may chaose ta make this refund by reducing the prineipa! owed'under the Note or by making a direct -
<br /> payment to Borrower. If a refund reduces principal, the reduction wil� be trea�ed as a partial p:epayment without any �`
<br /> , prepayment charge u�er the Note. • -
<br /> 14.Notices.Any notice to Barrower provided for in th;s SECUrity Instrument shaii 6e�iven by delivering it or by mailing i'
<br /> it by first tlass mail u�Iess appPar2.�le Jaw requires use of anati:er method.The notice sha9C be directed to the�roperty Address �
<br /> or any other address Bonower designates by notife to Lender. Any notice to Lender shall be given by first class mail to t�;
<br /> , l.ender's address s¢aeed herein or any other address l.ender designates by r.atice to Bonower. Any notice provided for in this �-
<br /> . Security Instrument sCta11 be deemed to have been given to Borrower or Ixn�e�when gi��en as provided in this paragraph.
<br /> 1S.Governing l,aw; Severability. This Security Instrument shati be go�•e*s.ad by federal law and the law of the �,
<br />• jurisdi�ion in which the Prope�r'rs lacatod. In the event that any provisic�n or cta;ase oS c':is Security instrument o�the Note
<br /> �.;
<br /> wnflic�with applicable iaw.s;c�ronflict shall not affect other provisions of th=_s 5ecur.:y ?nstruraem or the Note which can be p
<br /> given effect without the confli�¢:rg provision.•To this end the provisions of this 5ecurity instrument a�s�the Note are declared r,
<br /> to be severable. ' '�
<br /> 16.Borrower's Copy.So�ower shall be given one wnformed copy oF��:e`ote aRd of this Seccr.ry Instrument. f
<br /> iam 3028 9/90
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