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<br /> paymcnts ir�.�y no lun��cr bc rcquircd.at thc uptiun uf I.cndcr, ii nwrt�tul;c iosurancc�:ovc►'age m tiic t�muunt nnd fcir ihc pzrind `- ' ,_
<br /> 'x that l.c�E�lcr rcquires)pfovidcA by an iresurcr.ipproved by l.cndcr aguin bccumcti crvailc�blc nnd is ubr,�incd. lli�rruwcr s{iall pay -.=---...^-_
<br /> a;�-::;�-,.:-'_-- . .
<br /> � • . _ the preiniums require d ti�ma i n t u i n mort�;n ge insurnnce in efFect,or to provide n loss rescrve, until the rcyuirement fiu mort�a�c ��u���.____.
<br /> :r.. ' . , --�------- ---
<br /> - insurancc cnds in uccordancc�vith any writtcn u�rccnu:nt bcnvccn Rorrower and Lendcr or npplicablc la�v, _�Y^ -
<br />-�..,_, , . J. li�spc�tlon. Lendcr or its ugcnt may i��akc rcasonablc cntrics upon and inspections ��f the Praperty. L.cnder shall�ive �,�.�;�_�yl�__-.�:
<br /> ,��-':�;,r•'-:';.:_.
<br /> • Borrowcr noticc iu thc timc uf or prior to.m inspection spccifying rcxsonnblc causc for thc inspcctiun
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<br /> _.*_. , � 1a. Cundcmnatlan. Thc prncced�: uf any award or claim for ciamagcs, dircct or�onscyucntial, in comicetirn�wit �iny —�-
<br />=_��:�''� ��' condemna[i�n or�ther taking c�f any part of the Prapeny,or for eonveyanee in lieu of candemnutiun.ure hc��:by u,siFned and �'�'"
<br /> � shall be paid to Lc:ndcr. """•-----
<br /> � (n the event af a toml taking of the Properry,tlie proceeds shall be applieci to the sums secured by this Securiry Instrument, �;�y�__��
<br /> • � �vhcthcr or not thcn due, with any cxcess paid eo E3orrowcr. In the evcnt of a purtial taking of thc Property in which the fair �-_v =_�_
<br /> • • m3rkct v,duc of the Property immediately bcfbrc the takinE is cqual to or greatcr than thc amount c�f the sums secured by tMis �-_�r�_V��
<br /> . Security Instrument inuucdiatcly hefore thc taking, unlcss Borrowcr and L�'nder otherwise u�rce in writing, rhe sums securcci by ��.�=_�-- W
<br /> � this Security Instrument shall be reduced by the amount of ihe proceeds multiplied by the follo�vii�g f�•action: (a) the tntal �':1==u•=��---==-- --
<br /> ° amount of tl�e sums sccured immcdiately before the taking, divideci by (b) the fair market vulue of the Property immcdiutely ���
<br /> � � bet'orc the taking. Any balancc shall bc pc►id co Borro�vcr. in thc event o( a partial taking nf the Property in whicl� tlie fair �_���_____—
<br /> ., markct vuluc of the Property imme dia te ly b c fore thc takin g is Icss than thc amount of the sums securcd immcdiatcly beforc the ��,,,,,m,�1efe1�K
<br /> �' taking, unless Borrower and L.ender otherwise agrcr in writing or unless applicable law othenvise provides,the proceeds shall �g:;`�':_a:=----
<br /> .4 be appl icd to thc swns secured by this Security Instrument whcUicr or not the sums ure:then due. ___
<br /> If the Property is abandonul by I�orcowcr, or if.after notice hy I.cndcr ro Borrower thnt the condemnor offcrs to make an �_.�
<br /> R . award or scttle a claim for damages. Borrower fails to rcspond to Lender within 3Q days after the date thc notice is given. �,__:
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<br /> • Lender is authorized to collect and apply the procceds.�n its option,either to restoratian or repair of the Property ar to the sums _
<br /> � . sccureei by this Security Inscrumcnt,whcther or not then due. �;,;�`"°""
<br /> ' Unlcss Lcndcr and Bon�ower othera•isc agrec in writing, any application of proceeds to p�'incipal shall not extend or —_
<br /> � postpooe the due date of thc monthly puymems rcfcrred to in parugraphs I ar�d Z or changc thc:unount of such paymcnts. �L;���_._��
<br /> 11.I3��rm�vcr Nat Relensedy ForbeuruncQ By Lrnder Not u�Vaivcr. Extcnsion of thc timc for payment or moditiaition 8�
<br /> • of amonization of the �ums secured by this Securiry lnstrument�.r.+ntecf by Lcnder to any succctisor in interesc of Barrowcr shull
<br /> ��,_:�-—
<br /> -� not operUe to rele:uc Ihc liability of ttie uriginal Borrowcr ur Rorro��cr's surccssors in intcrest. Lcnder shall not be requircd to ..r-���,_;---.--
<br /> commence proceedin_s against any�ucces,or in interetit or refuse to extend time for payment or otherwise modify amonization
<br /> �:���,�
<br /> ' of the swns sccured hy this Sccuriry Instrument by reasc►n af any dem.uid madc bY the original Borrowcr or Borrower's �
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<br /> � �___„._„�,.. �,�,.,.��� ��, rrrr�•icin�. ;my rieht or rentedy shall not he a waiver of or preclude the ,�� _ _
<br /> . _- - . . SUCCCSSOfti in intcres�. :.uy wiin��w�n..,.•� •• - . -
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<br /> � cxcrcisc of any right or remcdy.
<br /> 12. Succe.�.surs and Asainns Bound; .loint und tievcrnl I.iubllity; Co-si�nen. The covcnants and agrcements of this ;,F9R _
<br /> Securiry Instrument shall binJ .ind benefit the successors a�id assigns uf l.ender anS f3nrrower. �ubjcet to the provisions of �
<br /> pamgr.iph 17. Botto�ver's ccrvenants and agrcemcnts shall he joint and xeveral. Any Burrower �vho co-signs this Security ��•
<br /> Insm�ment but does not exe.utc the Note: la) is ru-signing thiti Security Instrutnent unly lo nu�rt�age, grant and comey that ��:-,
<br /> Bormwer's interest in the Property undcr the tcrms of this Securiry Instrumenu (b) is not personally ubligated to pay the sums ,.�+ ,
<br /> � securcd by this Sccurity Intitrumcnt;and(cl agrccs that L�:nder und uny othcr Borro�vcr may agree tci extend, modify, forbear or ,,,,,, °•;,j
<br /> _ • make any uccmnmodutions with regara.i to the icrm��,f this Scrurity Instrument ur the Nute without that Bonower's consent. `,.
<br /> 13.Lonn Char�;e�+. [f the loan�ecured by this Security Instrument i� subject to a law which �et,muximum loan charges, � • :,�;
<br /> und that law is finally interpretal�n that �he intcre�t ur��ther loan diarge� cullCCtcd or ti� be collccted in connection with the �; :5 �
<br /> � l o a n e x c e e d the permitted limit>, then:la)any such luan rhargc shuU be rcduced by Qic amount nccessary to reduce the charge i `��
<br /> � tn the permiued limit: and (h).uiy+ums a lrea dy cu l lcc te d 1'rn m Eiurrowcr which excee de d p�rmit te J lim i ts w i l l b e r e f u n d e d t o : � '=_
<br /> • Borr�nvcr. L.cndcr may chuusc to m:�kc this rcfttnd hy reJuring thc principal awcd undcr thc Notc ur hy makin6 a dircct . •;�.,•,.,, -�� �
<br /> . payment to Borrower. If a ret'und reduccs principul. the rcdurtiun will br treated as a partial prepayment without any u> ' -
<br /> - prcpayment rharge under thc Notc.
<br /> 14. Nodc�s. Any notice tu Borro�ver provided ti�r in this S�tiuriry Instrument�hall he given by delivering it or by mailin� �':ti
<br /> i�
<br /> „ it by first �lass muil unle�r applicablc law rcyuircs uae of anochcr nuihixl. Thc nutire shall be ciirer�rd to[hc Propeny Address
<br /> or any othcr address Bi�rrowcr dcsignates by nuticc to Lcndcr. Any noticc to l.cndcr shall bc givcn by first cl.�s. mail to r__
<br /> � Lcndcr's address statcd hcrcin��r any othcr address l.�ndcr dcsignatcti b}• rn�ci�c tu Burruwcr. Any noticc provided for in this • '��� �;��
<br /> _ 9 ' t'�.�
<br /> Sccu rity Instrumcnt shall bc dcemcJ to h.ivc bcr.n�iven tu Borrowcr ur l.ender whcn givcn a�provided iti this paragraph. � � ,.� + �
<br /> '. . . .. ` . 15. Governin� Ln�r•; Se�•erubilit}•. Thiti Sccuriry In.trumcnt tihall hc g�.rvemcd hy i�ederal law and the la�v ul'the i . c, ,;
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<br />-i ,. , jurisdictiun in which the Property is located. In th� rvcnt that any pruvision ur rlau,r i�f thiti Sr�urity Imtrument or thc Nc�tc I , . �
<br /> .. conflicts with applicablc la�v, wch cemtlict,hall ni�t.d�lcct uthcr provisions of this Security Intitruntent or thr Notc�vhich ran he
<br /> � givcn cffc�t�vithuut thc contlirting�rovirion. To this cnd thc provisiunti uf this Scrurity Intitrwi�rnt and thr Ncitc:trc Je�lural ,
<br /> � to hc�evcrablc. �
<br /> �` .. 16. Rnrro�ver's Copy.Burrowcr�hall hc givcn unc runfornted rop}�uf thc Notc and uf thi,S��uriry In�trument.
<br /> Form 30?.8 9l90 � ,
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