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<br /> t�Y�=nts us3y aa Yonger be�uitmd,tu tIl�opuon oF Leadet..if martgage insurance roverage(in the amouat end fo�t the�od —
<br /> that E�ader �uires)Provided by an tnsurer�ssproved b�r Leader c�gain�eana�s uvaiUsbte s�rtd is obmiaed.Snrrocmer s6all pfly , .
<br /> . the prsmiums cequir�d to maint�it�atartg�qe insurance In�'ect.,or co provide a loss res�rve.�ntil the�equirement for rao�ge
<br /> 6nsur,�nc�ertds in.�reor9ance with aisy�vrittea agree�rtent b�+een BotmMer amd Lender or upplica6le 1aw
<br /> 4�.f�.�.Lt�lcr ar its agtat ai�y�tta�e c��bl�eniries u�n and iasp�stion�c of tbe Pmperty-Ie�der shall giv� _
<br /> Sorrourer nati�e at the ticne o€or prior to aa is�sgectiva s}s�rifying�asonabt�cause far the ins�inn.
<br /> . 10. GoadtmfnatCou.=�he pmceeds af any awar6 ar claim for dam�es,dirQCt or ca�quentiat. in aonrcectioa svida aoY •
<br /> _- mndeasnation or other ta�g of aay part of the Pr¢perty.or far coaveyanse ih tieu of oondeau�ztion,are herebY assig�d� ,
<br /> �shali be paid ta l�ecWer. . .
<br /> . ' � t�th�event of a wn!t�ng of the.Ptnperty.the prooeeds shaU be applied to the sums secured by ttis Security Instr�ent,
<br /> � aheiher oz not theu sWe,witYr uny'exoess p�id to�orrower. In the eve�of a panial taS3n�of the Properry in w1uc6 the Esir
<br /> ` markei vaIue of the Property immediately befo�ihe taking is equal w ur�ater tham the a�nouat of Ne sums s�rad bY this
<br /> Secvrity Insaament imm�diaieiy before the tuking.ta�l�ss Bnsr�wer and Latder othezwise agree in writing.the sut�c s�+ed by
<br /> this Se�wsity IostiumQnt s�all be r.duced by tlte aanoum of the pmo�ds mnitiplied 6y the following fiactioa: (a) the taml
<br /> s�aonnt of the suads sacured imatediate3y befost tt:�talrin�,divided Ay(b)the fair market va2as of tE�Property��iely.
<br /> before the taiQng. My�alaaoe shal!be Qaid to Boirawer..In the event of s partia! tak'sn$of t�e property in whicl�tDte fair
<br /> � m��valne of ttl�Pcagerty immediate'fY�efore�the ta�dng is less th�the�nant of the sums s�xaimd inunediately hefare die ,
<br /> � mYing.unless.Bonawer and Lrender othenQrise agiere in writing�sr unless appli�3e taw otherwise pmvMe.v._th�proce�ds st�li,<
<br /> � �a�pli�to the sstms sea�t�d tsy this S�wsity Iasuament wheiher or not the sums are then dnQ. � � �
<br /> : . . I8 the Property is a�andoned fsy Borrower:or if:after so�oe by i�to Borrewer-tltat the oundemaor offets to make an .. .
<br /> award o;settte a�laim for dannases,Borroaer fails to�oad to I.eader withia 30 days aRei t�e dste t�e Qotice is give�.
<br /> ' Leadzr is anthor?�zed to wllect tmd�pply the prnoe�ds.at its option,eiiher to resto�ion or sr.pais af fhe,P�roperty'oz.w t�e sams
<br /> � secvred by this Secmiry instr�ment,whEther ar nat theii dae. '
<br /> ' � ' Unless E.eader aad BoYiower othem�ise agt�ta writimg. aaY aPPiicatian of pmceeds to pr�nci�al shaU:nni extead or.
<br /> . Qostpoae the dne clate of the monthiy paymeats iefemed to in�arag�phs 1 and 2 or ctean$e the amonnt of sud►paymeats. .
<br /> . 11.�mower l�ot R�;For4�raaaaoe By Le��Na!a Waiver.Extensicen of the timc for payatent oi madif�rion. .
<br /> � of amortizadon of ttte sums serured by tbis Secarity Insht�ent gratued by Lerder to arry suooessur in ia6°rest of$oyrawer�11 � .
<br /> • . nai operate to retease the lia�ility of the original Bormwer or Borrower's successa�s in iuterest.Lead�r shall not be i�qaired w ' .. _
<br /> oammeace prooeedings agaiast aay sacce.ssur in interest or refiue to exteud time for gayment or o�r�cviss modify amorC�atio�
<br /> � ,of th$ sums secared by t�s ��curIty Instsum�t by reason of anyr demand made Iry the orig'a�at �ormwer or Eorrowzr's • '
<br /> sucoessois in iAtet�st Any f��aran�by.Lender in exercising any right�or�asedy shaU ttot be a waiver of oa�clude the , �
<br /> �exercise of any right or r�medy. � '
<br /> I2. St�a�s aad AssIg�ss Bouad;doint and Severnt Unbfl�t�y;C�sigiaeers- TBe oov�ants and agreemenss�of this �
<br /> Se�curity Instium�a shall bind and benefit the sacces�a�azW assigns of Lendet and Borcower, snbjeci.to the paovlsions of
<br /> paragr2ph l7: Borrower's oovenants and agrEemenis shall be juim e�cl several. Any Bamswer afin co-sigs; this Secarity
<br /> Insa�.��but dces aot exea�tt�e AIote: (a)-is vo-signing this Security Insttument aa3y�to tnartgage,g�ant and aintrey that
<br /> Saaower's i�t in the Pru�sty under the terms of tbis SecurIry Insuuu�eat;(b)fs adt Personplly abligaaze�to p�y the sar�ss
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<br /> , setared by this S�CUrity In�,ment;aad(c)agt�s tflat l.ender and anyr oiher$orrower may agree to este,nd.�no3Ty�fdfie�or --
<br /> . m�ce enY a¢ooIIlmodstions wrth[egard to tll2lw�ms of tfis Serurity Tn „** nt ar the Note withaut CLat Borivwer's oanseat�
<br /> 13.I.o�(�ttuges.if tI�e toaa sac��r this Seciuity Ia�uumea�t is suble�t to a 1aw whiti�r�ts maximum loan c�. .
<br /> 'aad that law is finaAy�interpreted so that We intcrest o1r�qt6er[oan chatges ooitertai or to 6e collecie�in co�ion with tPra . •
<br /> loan exce�the permitted limi�¢s,thyn: (a)eny sech loan c�e shaU be rednced 6y,the amouat a�essary to redaoe tve charge
<br /> w thc penniae�ti�.^ut;and(6��ny sums alrrady collected€cam Borrower which exeeeded pemuaed limits will be iefhnded.ta
<br /> . Borrower. LecY'�'�may r,�oose to make chis refunsf by szducing the'�cipat bwed m�rder the.Note or by maldqg,a dirax� . �
<br /> �. yaymem to Sot�ti+v�er. If a aefund re�tuees princip�l, the reducxina a�iD be t�rr�i�d as a paRial gs�payoteat witltont any '
<br /> �,przpayment cLarge under��'ate. .� - .
<br /> ::�d4:NotFae�.Any aotioe'it�;Boaowei�toviQod fos iiz�tf��S�riry Tnsttumeu�Flm�i�,f�e given b�r Qetiveting it ar by mailiag
<br /> ii iry.first'class mail untess r�,ltr,a�le taav�,3ires use o�r anather rne,t�od.The notiar si�:li be dir�cted w the Qroperty Addc�ss .
<br /> or any other`oddcesa$orrawer d+�si�,tiy'nootce to Lender. Any rmtioe tfl Lender shaU be�tven lry fi�st c}ass mail w
<br /> Lent".er's address stated herein or any at��i�dress Lemler designates 6y natice to BomowQr. My notioe provided for id this
<br /> Security Instrument shall be d�mesi to have been given to Borrower or Leader when given as prmrlded in this�ragraph.
<br /> 15.Gaverning i.awi �ve�sabllity. '�his Security (nsaument sha11 b� governeA try fedetal�laa� and tice taq+ of the
<br /> jurisd➢ction in atdcb the Arop�rcy ts t�ed•Yn the event that anyr.pravision as cla,�.,a of this Se�+uity Insanm�ent or the Noie
<br /> oQnfltcts cvitb ug�licab2e law,such aonf2lct shall not affest ather'provisions of this Serurity Instrument or the Note whicD ran be .'
<br /> given effect�viffia�¢the canfliccin�provision. 'fo tiris end the provislotts of this Security Insttument and the Note�declatad.�
<br />-. to be s�v2rable:�,,.
<br /> . . i6,Sorra�er's Ca�q.E3ecnuwer shall be given ame oonformed ca�}r of the Note aad af tiris Seiuriry Instrument.
<br /> . • . Fo�m 30Z8 9l90
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