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<br /> `�F �rt'`. .PaYmentg may ao longer be requiied,ai ttie option af l.ead�r.if r�ar[�age insunanae oovera,�e Cm the n�aunt c�nd for t�p�riad �.-
<br />--- �_�:'� tiiat[.eader requiresj Pra,aided by�n iosiuer approv�d by 1.tmder again beoomes avaitahle aad[S obtaiaed.��mnvrer sha�paY . -___.-.
<br /> -=_=��'����i;r_. '
<br /> _,-�.�� `ihe p�m3ums sequir�to maintain mortgage insuaance in effe�.or w provide a toss c�serv�.urnit th_requis�emzn�for�ortgsge ,
<br /> �,.�.��_�.;.
<br /> r:�fi< ���?�--� insnranoe�nds in accordunre with aay written ageement bet+xcen Bona�ver ancl Leader or appHcable 1anr: �. , �
<br />--a 4 � �• ` . `� . �.� 4.�s�tton.Lender or its ageat may'q�e reason24sle�c►tries upma amc!insgeaiat�s of t�e Pmg�rty.i.eIIder s1�all�ive `, •----
<br />:=�` .... .. . .< , .
<br /> �-"r ..�:- • t <:`" • goirower aotioe at the tiirte of or prior,to an iaspection sp�ifying rrasaaable cause fvr the inspec�ian_ .
<br />'"=� . °'; ;;�,;,'° � ld. Caa�esm,IDai�on. '!'[ie praoeeds of any award or claim froz da�ages. dir�t or w�:nrial,iw con�ection with any.
<br /> - -= condemnatian�ot ather rakin�of a�r�rt of the Pmg�rty.or for crn►veytauce in lneo of coarie�auan,axe he�b3r assi�aad --- ---
<br /> z��' ��, . •° .'. shall be paid to Le�nder. . � •
<br />`.:w.,:�.�,_�=--�:.``__ In the evem of a total taking of ihe Fmgsny.rihe pmoeeds sLall be applied to t�e sams s:cared try ti�is SecuritY thsirument, �
<br /> ' � ' . �i:.r�' t"- 4'. ` �
<br /> _�=._�-�•� � whether or aat then due.with any excess paid to Borrower.In the eveni of a gartial ta&ing o�the�eRy in wlrici�the fais
<br /> --�:=�-��:�•:..;,;:...-•
<br /> mar�cet value of the P4+npecty immediatety befor�the taking is equal to ar greater tl�aia the anwnni of the sums sgcared by this
<br /> __==�;`n�;�, .:a�,_`,-, Security InstrameQt i�ediately befare the taking,unles.s Bormsver and�ndez othemise agree in cvsidng,she sunos secur�by
<br /> ``"`.F�� • this 5eaui Instmment shalt be reduced b ti�amaunt of the mce�ds muiti ued b the foAowiug fra�tian: (a)the tatai
<br /> :`r"' ;�-��� tS' Y P P� Y
<br /> �. : .•. . `� • amount of the sams secured immediately 6efare the talang,divided 6y(!�)the fair market value of tliee Praperty immed9ately
<br />:i-��;�;�`'::'.-.{::-,� . 1�2fore tk€taldng. A�ry balance shai! be paid W Boao�er. 1n.the eveat of a partial taking of tfre Pmgcrty in�rhicfi the fai¢
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<br />`.�'�`�' ` - .i: markei walue of the Property immediately 6efore the taking is less tlian tliee aznoemt o�F the saras s�cureQ i�iatety before e �
<br />.f�:.-'..`.:.�;'_�.'.�`,. ta�g.unless Boxrower and p.en�der othenvise agree in writing.or unless applicable law otherarise prnvades.the prooeeds sbal! '
<br /> � :• � E_��'' ' be applied to the sums secvred by this Security lnst*ument whether or nnt t�e s�s are then dae. � ,
<br /> -- • ' •,,; _,� � If the Property is abartdoned by Borrower.or if.efter notice bq Lender to Bomnwer that the wndemaor affers to make an
<br /> .�.•�` ' ' ' ' award or settle a claim for damages. Borrower faiLs to respond to[.ender within 30 days aRer ti�date Ehe uotice•is giveA, �
<br /> -„ �,.. .
<br />;�Y ' .-. °.':'`:-- Leader is authotized to eoltect aad apply the proce�s:at its optian.eithQr to cestordiion ar regair of�4te Ptoperty o�W the sums
<br /> �_ ..,�.-~••..
<br /> .�s� . � �� � secured by this Security Instruatent,whetlter or nnt then due.•
<br /> •-..F'.: :. �• ::;7�;f. . Unless I.e�der and Borrower otherarise agree in writing. any appliqtinn of prac�to principal st�aj9'.aat extend ar
<br /> ' "`'�"• Postp Y P P S�P S �3�°�-
<br /> : ��: one t6e da�e date of the monthl ayments referred to in ara hs 1 and 2 or chan e the amount oF'sur's � .
<br /> . . ;����`,; .
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<br /> 11.Bounn�Noi Released;Forhearance�q Lender Not��dT�ver.F.�ctcrosio»of the tiuse for payme�t or modif�catioa
<br /> —:___---•
<br /> -- . - � �-�- — of amorti7ation vf the sums seaired by this S�urity Instniment graute��y Lendee tu any successn:is�inicrest af'3atro�er ---_
<br /> .� , , not operate to release the liability of the original Borrower or Borcower's successors in intenest.I.ender shall nat be reqaired ta
<br /> �. , � . `� . commence proceedings against aay successor in interest or refuse to extend time for payma►t or otiienvise modify amortizat[on •
<br /> � of the sums secared by this Security F.�=_wment by reason of a:ry dem2nd made by the or��1.:a1 Bnaawer or Bo�rowec's
<br /> � • . � ,.,:�� successors in interest. Any forbearana:�.»Lender in exercising siry right or remedy shall aot C�a waiver of or preclude the
<br />,.. �-;� •� ". . �:�_��;�,�., exercise of any right or remedy.
<br /> .�� �,�' 1Z. Successors aad �sigis Bauud;�oint aad�everal L�ability; Co-signers. The cov�nanu and a�reements of this
<br /> s.f,t���,� , ,�•.
<br /> '����� • � �'i-xurity tnswment shalI L'-i��i and benefit the succes��cs.:�„�assigns of Lender and Botrower, subject tg �s provisions of
<br /> ,� r,�'r�., ; ti�:�5ri
<br /> ,/:d er•F. ,.. .G;�,.,1s.>..r:� p�agraPh f7. Bosrowei s cbvenants a�.a�reements sira.:Ee�air.rt�nd several. Any Borrower aho ca-signs this Securiry
<br /> `'�f,;��. � , �'• ' ' Irlstrument B-,�does not execute the.Nat�:(a)is co-sigaing this 5i�;x�,y Inspvment only to martgege,grant and oonvey,ttfat �
<br /> i_ti��,�,;.•: . � Borrower's interest in the Progerty under the temu of this Security L.m�ument;(b)is not perscc�lly obligated to pay the sums
<br /> =St�,�:'` � secured by this Securiry Ir,�t:ument:and(c)agrees that Lender and ary other Bor�,:ser may agree to extend.modify.forbear or __
<br />-'Sr6.�;,;`- . , malce any accom�nodadors W i.h regard to the terms of this Security Tnstrument or t£�e'Vote without that Boriuwer's consent. �
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<br />� �� 4J:1.: ' .. .—__
<br /> _:?��� 13.Loan Chnrges.If the loan sec�red by this Sea�rity Instrumem is st�bject to a law w�ch sets maximum toan chstges,
<br /> :;,.. .�; ' • --.-
<br /> • .. . and tUat iaw is finally intetpreted so that the interest or ather loan charges collected or to be a:&_uted in canneaion wicb the __
<br />_��'::=��� ?`�-• '- : • loan exceed the permitted limics,then: (a)any such loan charge shall be re�iuced by the amourr�xessary to reduce the charge —
<br />���;��:f,f,s=� `�' '':� co the pemutted limit;uad�b)any sums already collected from Horrower which exceedcA permitted limits u.�J be refunded to _--�
<br /> •1 ,�s;!' '• '. . ... Bbrrower. Lender may drnnse to make this refund tn redncing the principal owed under the No;e ar l�y��aking a direct '-:`
<br /> «:,, •
<br /> • ": . payment to a:vaower, If a refund reduces principal. the reducaoa will be treated as a partial prepay�ent without any , '`''-=_
<br /> �� �� • � prepayment c��under tf:e Note. � . �
<br /> ::,�-�-
<br /> �-`',.;: : '` 14.No"trr��es.Any notice to Borroncrprovided for in this 5ecur.ty Inswment shall6e given by delivering it orby mai<i*g "'�:=•
<br /> ���„�..,._ .�• • .;-_
<br /> �_ �;�+f . it by first class mail unless:t{mlicable Iaw reqaires usc of another method.7'he notice shall be directed to the Property Address . _
<br />,;,;�+•;,��;:•• '' . or any other address BorcGV;er designa*.es by notice to l.ender. Any notice to L.ender shall be given by first class mail to , �'�i :
<br /> - � Lender's address stated herein or any et�-er xddress Lender designates by notice to 8onower. Any notice provided for in ttus "���
<br /> �� ' Securiry Instrument sRall be deemed to t-.�.e been given to Borrower or Lender when Eiven as p:�.aded in this paragraph. , ' i'
<br />= �. ,� ' � Iy.GoverNag.Law; Sevet�ability. This Security Instrument shaDl be govemed by Cc�:ral law and the law of�.e
<br />°='� . . jurisdiction in which the Property is located.In the event that any provision m clause of this Security Instrument or the Note
<br /> • contiicts with appticabte law.such conflict shall not affect ather provisions of this Security Instrument or El::P�utc which can be �
<br /> _ � � given effed without the wnflicting provision.To this end the provisions of this Security lnstrrlment and th�Note are declared '
<br /> . •• to be severable. .
<br />_ -'�=f-..�• • 16.Borrower's Copy.Borrower shafl be given one confortnod copy of the Nate and of th±s Security Instrumen�
<br /> '."�,. ' •. . _. . Form 3028 9l90
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