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<br /> —=-= payments m�y rt�o loa►ger b�R+equired,ut the optian af i.ertdsr.lf nwng�se insurance oovexage(in the amaunt and for the period
<br /> --_-�.u.�-� tk,�t I.end2r raquires)provided by an insurer appraved by[.ertder t�ain bocom�s nva8lable arct Is obsuir�xd. Borrower shai!p�y _
<br /> the pmminms rcq�+ired to tnaintein mortgngo insurana in cffect,os to pravlde n loss�serve.until the crquirement for mor���Cm
<br /> —___ ___.�.- fnsurnncc end�la accardunoe�Yith any written ngreement between�k►m►�v¢r and Lenderor appl�able IAw.
<br /> -- -----__,_-= 9. I��ctlan.l.cnd:r or ft�agcnt ttssy msl:e ressonsbls esetc':2s e�pon nnd in.cpeulan.g of the Propecty.Lender sha!!gn�e �_ _
<br /> �� Borrower not�ee nt the time of ar prlor to nn inspoction specifying reasonaBle caus�[or the inspection.
<br /> -- 10. Condemnat�on. The proceeds of any award or cluim for damages,direct or cons,ecjuential. in eonnaction with nny
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<br /> T��� ��� oonden�nadon or otlnr taking of ariy pa�2 af the�'�+c►p�aty.or for conveynnce in lie��of mr:dEmn�ti�n, are hereby ussigaed and �------- . :.-
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<br /> -�:'u" ' shcill be paid ta Ixnder.
<br /> �"�`'�` in the event of u total wki� of thc Pm PP �Y
<br /> ,�,y��•:y�- 8 perty.the pros�eds shall be u lied to the sums s�cured by this Securi Instzument. -
<br /> .7.,�..
<br /> --�-���;�:: �vhether or noi then due, with any exoess paid ta Bormwer. In the evem of a paniai takIag of the Pmperty in which the fate
<br /> =_ �- -:• �•v- ' mnrket vatus of the Property imrt�e�tiately befarc the talcFng is e�ua!in or gr�ater tl�ai�the amount of the swns s�cured by d�is �-� °
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<br /> ,.._.. :: _�. .. ��:;�� Security instrument immediately bafom the takins. unless Bono�ver and Lender otherwlse agroe in writing.the sums s�t�ed by
<br /> `� "°' ' thjs Secu�ity [nstrument shall bc�educed by ths amount of the proc�eeds multipfied by the following fraction: (a) the totel
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<br /> s� '. - aunount of the sums secured immedlately before the wking.divided by (b) the f�ir market value of ths Praperty immediately
<br /> � . befo�the takin�. Any balance shall be paid to Borrower. In the event of a partial u►king of t►te Propeety in which the fair
<br /> ` , � , markq value af the Property unmr�diaiely befor�e the taking is less than the amount of d�e stuns s�red im�¢r.cadiately befon the �_
<br /> talcing. unless Borrower a�d ln�adee ott�,erwise agree en v✓ritizr�or unless applicable tacv otLte�ise pmei.des.tfir�praaads slsall
<br /> be applEod co che svmc secairod 4y eteis Saxurity In�rua.nenE c�rtte�Itgr or not the sums are thc�due. ------
<br /> ' '"'-,`• ' � If cLte�eapeety is abandoned by Borrower.�r if,after covtice by Lender to Bomower that¢he voa�temrrQ�o('fers to maJxe a.�, =__
<br /> " �� • �� award or se�tle a c[airn f�r damages. Borrower ffa�ils co r�es�avmd to i.ertder within 30 days after the a�Cte eiz�iiotive is gir��, --
<br /> Lezeder is aut4eorized to catlect and apply the prooee�s,at nu Qptia�,either to restorazion or repair of the Fa+c�erty or to the s�s '- - __
<br /> securodl by¢Fens S�+curi¢� lnstrument,whether or rtot then due. �,�.
<br /> <, LFr.less Leieder and Bcirrower othenvise agree in writin,. aaq application of prooeeds to principal shall not extesod o�r �-,se�
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<br /> � postpone the due date of the monthly payments referred to in parng��rhs 1 aced 2 or change the amoant of such payments. �'�"-
<br /> • �� 11.B�tv+m�e¢r 7�2 Re�eased;Forbearance By Latder Not a�'1'afia¢�.Exacncion of the time for payment or madificatfiom �'��
<br /> � of amortdmeion o8 th�sums secwed by this SECUriry Instrument granted b� Lea�er to any suaxssor in interest of Bornower shald �-__-
<br /> ' •�"'"°- not operrte to releavr[he liability af the odgina! Borrower or Borrower's sncoessors in intenst.I.ender shall not be raquirr�tm , :�,���,;_
<br /> ��, �c' - �'--
<br /> � commemce�roceedings against an} sumessor in interest or refuse to extend tirree for pay�mY c�rotherwise modify amartizat6om ,,�6,��
<br /> ' , � of the sums secured bp this Sec�neit� Instrument by reason of any demand made by the ariginul Borrower or Borrower s : a,i.;f�';'•"•'`=`
<br /> .. ' suoassors ia interest. Ama� forbearanre by I.ender in exercising any right or remedy shall not be a wai�•er of or preclude the ��_
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<br /> exerc�s�ot any nght or c�eunedy. ° 'c`;R;�.Y
<br /> � l�. Suocessors and A�si�s �aeae�d; .IoinII and Several LisbIlity; Co-sigaers. Th� coti•eroanu aRd agreemenu off tfiis «�c-=-
<br /> Securitv Dn�crument shall bind and benefit the successors ared a.�e�ns of L,ender and Bornoaer. subjeet to the pmvisic�ns of M
<br /> • paragra�9� i°. Borrow•er s covenants and agreerreents shall be j4urr,c and several. Any Borrower who co-signs this Sarurity - 'wv�
<br /> Instrument Q�ut does nat execute the Note: (a)is rc►-signing this Security Instrument only to mortgage,grant and convey that ��'�-;
<br /> . Borrower'+interest in the E'rop�rrty under the term�of this Secttrity Instrument; �b►is not personally oblir;aaed to pay the sums ,;. ,
<br /> , secure�b� this Sec�irity lnsrrument;artd(c)agrees that Lender and any other Borrower may ag�ee to exten:{_ ±r..vdifj.forbear or .'�_
<br /> ,ia.•- make ana a��commodations with re�arJ iu the term�of this Scxurity Instrument or the Note�a�utn�ut that�orr<<:i•zr's consent. � =-
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<br /> _ 13. I.oan Charges. If the loan s;�;ured b��this Sxurity Instrument is�ubject to a la�+ ►.,�h�,�`� sets m�ximum loan charges. • ,�!`—
<br /> and that law is finalty interpreted +a that the interest or other loan charges collected or to be c�lie��ted in 4-amnection with the �"-=-
<br /> ' � loan exceed the permitted limit�,then: (a)sny tiuch 1�►an charge�hall be rcduced by the amuunt necessary¢a►reduce the charge �`'t'�"~
<br /> to the pertnitted limit:and(h)any sums alre:idy rnllected from Borroaer a�hich exceedexi permitted limits will be refunded to t �=:
<br /> ,• , BorroW�er. lxnder may choose tu m;ike thit reFund b� reciucing the principal ow•ed under the Note or by making a direet .�;
<br /> payment �4n 13�rrow•er. If a refund r�xiucr. prinripsl. the reduction will be trexte�d a� e a*ertial prepayment withi�c siay ' � "`"
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<br /> prepayment charge under the Note. _
<br /> 14.Nottees.An► :r:,sice to&�rrc�wer prrn�ided for in thiti Security In�trumrr.t�hall be gi�•en by delivering it or by mailing -
<br /> it by fint class mail�nlc>.•applic3ble lax reyuireti u�e of anotr::r ��.ah��d. Thr r.���ire tihsll be directed to th:Property Address „f,._ �•
<br /> . or any other addre�� �rn�wer de�i..n�te. b� nutire to l.cnd:;. '�-} natice t<r Lsnder ,3:xll !+e gicen bti tirst cla.�� maii to . r •�;;�,�. .
<br /> Lender's address �tated herein or.ac� �iher addre��L.ender de>i,c:a:e+b� notice to &�rrc��.�.r �T.� notice provided for in this � ',;j'(s:i,`;`::
<br /> „ Security Instrument tihall he deerr,e�!tu���atic becn given t�� &�rcu��er c�r�ender wficn giecn a.�pr:�ided in t!:i�paragraph. �y'
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<br /> jur+sdiction in�•hict�utr: Aropem i.I�xat��i. In tht e�ent that am pro�i�i�m���r rl�u.c��f thi. Se�unty Ir..:,-ument or the Note � �
<br /> wnflicts aith applicable IsN.wnc�unflirt�h�ll ne,t�fTect uthrr rr���•i.i�m+of thi,Sr�urit� ln.trumem or the Note��hich can he
<br /> � gicen et6�,�witht�ut the c<milirting pro�i.iun.Tu thi.enai thc�r���:�i��nti��f thi.Sc�unn In�trument snd the tiixe arc declared
<br /> to be se�r.arle. ��
<br /> Ib.Borror�r'.a��N}. B��rru�+cr.hall tk gi�rn�+ne.:�mfurnn�i r��p� ��f thr lutr anJ uf th�.S��.urit� In+trument.
<br /> � Form 3028 9�90 �
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