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<br /> � 92- l00040
<br /> - cun�kmnwion or u�hcr�nkin�of wny pnrt ui'thc Rrop�:tty.�r fur�;�►qveyiwx�c in licu of cnndemnalion.are hereby ur�i�ned and _
<br /> � chdl be pald to l.ender.
<br /> �--- In the cvcnt �f a �wal tc�king oC tho Prupcny. thu pntcc.�►w hhull t+e upplicd io dx� Kumw �ecured by this Secu�ity
<br /> � In.t�umenl,whcther ix na ihen duc,wilh an,y cxcetiy puid 1u�oftciwcr. In Ihc event oP u paNiul taking of thc Propeny in
<br /> -`�`" which thc fuir market v�luc uf�hc Pn�p�rly immcJiutcly Ix+i'un ih�t�ukin� ir cyual to��r grcutrr�hun thc um�wm of thc sum.r•
<br /> - M�curcd by�his Security Insuumcn�imnxdia�ely bufurc tha wkinr�.unle�� Borrawcr+►n�f Lcnder otherwi,r ugrec in writing.
<br /> _��•:� �he �ums rcrurcd by Ihis Sccurity In,Irunknt�.hall b►�n�du4cd bY �he umuunt of ihe pnxeed+mul�iplied by thr following L
<br /> -- - frardan: le1 �he tcNal amoum of tho�umx r,�cur��i immediutcly huii�rc th�: rd:ing,divWcd by lt►1 thr i�►ir rnarke�value of Ihe
<br /> Pmpeny immeJiately befc►m tbe wkin�. Any b�luncc .hull ba puiJ to Bormwcr. In �he evcnt ot'n paAiul laking of the
<br /> -- I'roperty in whirh Ihe fuir muclet value of the Piru�xny immcdinlely before tlx cuking ir Icss thun thc unu�un��f�he�um�
<br /> _�� necured immediutely brfure the tnkinR, unless tiarmwer un�f G�uJc�' �tlknr i.w agrer in writing or unlec, upplicuble luw
<br /> z"""`� rnherwine providez,lhe pnxccds shul)be applied to thu�um�+erured hy ihis Security Instrument whether or na�he sums ane
<br /> - --�„� Ihen due.
<br /> __ �-_-_ _=��_p�� If thc Propcny is ab•rndoncd by Bortower.or if.Afisr nrni4c by Leuder to Borrower lhut�he ccx�demnor uffe��o make —
<br /> u�oward a se�tle u cluim for dumugc.. Bnirower fuih to rc�p�md to Lender wiihin 30 duy+ut'tcr the date the nwire is�iven,
<br /> - - =--= e_:� Lender ix outhoriaed�o callect und upply�h�pracecdti•ut uti o��ion.ehhe�ta re+torutian or repuir of the Propeny or to the
<br /> ���. . Rumx securcd by thic Secu�ity lnstrumen�,whett�er or nat Ihan dqe.
<br /> __��� Unl:ss Lender nnd Barower mhenrise c+�eree �n wrning,+uiy uE►�Ifc++�lon aP procecds ta principal shull nu± ex�end or
<br /> __ __� postpone�he due dute of the monthly paymen45,Rf�rred to in p:�r+�gruphg� und-'or chunge the umount of xuch payments.
<br /> �_ .-a:� I1. Borrower Not Released; �orbear�ncc By LendRP N� o �iver. Extension of the time for payment or _
<br /> =�, - modification of c+monizution of ihe+umx sec:ured by thln Secunty Ins[rument gmnted by Lender lo uny successo�in intercst
<br /> - -16- _����-: • of Burrowcr shull not opernte to rekusr the liahility of�ha originul Borrower or Borrawcr's,ucceswn in imerest.Lender �
<br /> �'�:,��, :, shu�� not be reyuircd to commence pnxeedin,�+ uguin�t :u�y succeasur in interest or rctiuse to extend time for puyment ur �
<br /> ��,�-:;�'� otherwise modify nmortizution of the�um�+ecured by Ihih Sec+�riry Intitrumem by rea+on of any demund inade by the original =
<br /> =T�'�;�,�,4;;� °. Borrower ar Bortower's xucceswr.in inter��t. Any farbe�n�nce by Lender in exenising uny�ight or remedy sh�ll not be a
<br /> �•=-= waiver of ar preclude the exercise of uny rigM�r remedv. _.,,.
<br /> r,�,�;r;.;'"�� ; Co-si ners. The covenants and agr+eements oF this
<br /> -- _ ; �'� ... 12. Succes.�rs and As.ci�ns Bound:Jo�nt aod Seve�s�!LWbllity: g
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<br /> -=-� �� Security Instrument shall bind and benetit th�r wcre�san an�assigm of Leader and Burrowe�,subject to the provisions of _
<br /> �--.�•r-�.;:: • pnrugmph(7.Barrowers covenuntx and ugrcements s hn l l b q jaint un d sev e r v l. A n y Borrower who co-si gns this Security
<br /> �^�� �'° Instrument but Joes na execute the Note: lul iy co-sigoing thls Securiiy Instniment only�o mortga�P,grunt und convey�hut -
<br /> -- •__�. � Borrower�s interest in thc Propedy undrr�hc Icmts of'�hia Securiry Intitniment: (b)is not penonully obli�uced to pny Ihe�ums
<br /> ___;::,:_�.. -. secured by thix Securiry Ins�niment:und(cl�g�e��hat L4nde,r and any other Horrower may ugree to extend.madify.forbenr
<br /> ���•�-;� or make any occommodo�ions with regard to �he tcrma of �hix Sc�:uriry Inslrument or the Ndc wi�hout that Borrower's __
<br /> --_�+!�-•• • consent. -
<br /> `- --�..,•ik,-��, ' 13. I.a�a�horges. ii if� tor►i x�:.rd !�y thi� Sr.:tuity lmtru!w�nt i..uh�ect to u law which tiets muximum loan
<br /> � chsuges,and that luw is finnlly interpreted.a thut�hu int�retit or uther loan churgeti collected or to be collected in connection
<br /> ���'�,,s�,�� with the loun exceed the permitted limus.�hen: (ul lu�y yuch loun ch•rrgc .hall bc reduced by Ihe amoun� necessary to reduce _
<br /> =_=--+,���;�;;;��, .,- the churge to Ihe pem�itted limi�and(bl un� wms uln:udy colketed from Barrower which exeeeded perrnilted limi�e will be
<br />_�'` '������;��`�"�� refunded to Borrower. Lender muy choo�e ui muke lhia Rfund by reducing the principal owed under the Note or by mukin�a
<br />`�,r�� ,r'"''�'.t. ' direct puyment to Borrawer. lf u refund�eJurr�principul..the reductiun will he trented as A partiul prcpuyment without uny
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<br /> ,T=�f�;` ":°:=*":�� , prepayment rlu►rge undcr the Notc. -
<br /> - �=•' 14. Nollces. Any natice to Borrower pr�►vidcd ti�r in this Sccurimy In.trument shnll be given by deliverin�it or by
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<br /> ;�,�"' n� .� . mailing it by firr+t clu+s mail unle�s upplicabk luw requircy usr of unather method.Thc notice zhull be direcled to the perty
<br /> -- i,,;•��,•,:.�,�:,� .�� Addresg a nny othcr uddress Born�wcr de�igniues hy notir,e to Lcndcr. Any notice to Lender shull be given by fint cluss c.;
<br /> `��� - • mail to Lender's addreti..�ated Ix:rcin or uny othcr adJrc�+I.rnder designutes by no�icr to Borrower. Any wtice provided for �_
<br />--.. r .�•.�'�_„ in Ihi+ Security Instrumem �hull i►� dccmed to huvc ix:en given to Borrower or Lcnder when given as provided in �his
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<br /> _._ �,. .F o• p g15 GoverninR L�w; SeverubUity. Thir Securitv L��Irumrnt .hall tx govcmcJ by federul luw und the luw of the
<br />-=,r:± ,' � :•µ•.'°" juriuiiction in which�Ix Pmpc:ny is I�xui�v!• In�hc�vrnt rhut uny pnwitii��n or clau.e of Ihi.Security In.�mment or the Note =_.
<br /> � ,;• i:��.} `, conflicts with npplicuble law,,uch cantlicl shall nu�afl'r�:t uthcr provisiom ol'thi,Securi�y ln.trument or thr Note which enn �,
<br />-'=-�•; �.'`i° ;~-�', be given effect wilhou� �h e can t lic�in�pr�►vi.io n. T n t h i�e n d t h e p m v i ti i o n�o t'thi.Securit y Instrument and the Note are _
<br />�_...�.; jttir .< —
<br /> , declared b lx sevcruble.
<br />'_�'�".. �� J:�':� 16. BoITOwer's Copy. Born�wrr+h,ill Ix giv.:n�mr confonned cop�•n1'dM No�r unJ of�hiti Serurity Inx[rument. •�-
<br />= •`'.'f•��'- �.:.•°t:- . l7. TroosPer oP the Property or u Heneficiut In�erest in Burruwer. IF ull or uny part of Ihe 1'raperty or any interest in __
<br /> � ;.:...=�o�,
<br /> � it is sold or hanyferrcd lor ii'u F►rnclicial interc.t in ldvrrmvcr i.+old or irun+ferreJ �nd Borrowcr is not a natural penon)
<br />-.�•�`'� 1' � '-�' ° without Lender's riur wriucn conunt.Lender mnp.ul it.��ption.myuire immediute puyment in full of aU�ums cecured by �
<br />'�.� � �' � � this Security Instniment. Howev�r,lhi,�ry�tiun�ludl out bc cxrrciud by LenJer it'exerci.e is prohibi�ed by federal luw as of
<br />_ �,,,.�._ _
<br /> � -��� � V. Ihe date of this Securily Inslrumm�t. -
<br />'m' .G�."_;`� _,�`.. . It'Lender exerci,es this opti�m.Lrndr�.hall uivc Bain�wer natice�,f uccelerution. The nu�irr shull provide a period of--
<br /> ' . . not leti�thun�ll duys fmm ihr Julc thc nwirr i�dclivcr�d�ir muilyd�viihin whirh Hurruwcr muxt pay all tiums tiecured by this �;
<br /> '.,��';: � , .. Security Instrument. li�Borrowcr fuil,lu pay Ihc�e +um. prii�r u� tlx cxpiralion nt'thi. Exriod. Lander may invoke any _
<br /> � . • remedie.�nnit�ed by�hi.tircurity In.tnmirn�wiih�►w funhrr notice ur demund on Burtuwrr. �
<br /> :;:•.�a��-"..,,,..;� l8. Borrower's Ri�ht tu Retn�tule. It' B��rrc�w�cr mr�h ccrtain rnndition.. Burrowrr .hull havr Ihc right to havc F.�
<br /> . .��..,r.:, :' . ' enforcement of thi,Securily lnstnunrnt di.cuniinucd:n any tinm priar to ihr c;irli�r ut': lal S Joys I��r,uch iHher period•r, =
<br /> , ' ., ' tim�rk F:umly ..tannk�1wNFheddk 11uc U�IFOli�f IN�I'Kt�1fE117•-l4Nlurm l'u�rn:ml, 9/90 qwea•�,�f��Iwx�'�l '�
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