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<br /> _ ±�:: d'irr'�d.l��ntii1 ..
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<br /> ,•r'a .,a�•�• ., paYments rtwy na Inngcr be rcquircd. at the aption nf'Lender, if martgagc inwurAncc cnverogc(in thc am�.unt and for the per�ad
<br /> • that Lendcr rcqulres)provided by on insurcr approvcd by I.ender uguin becomer avuiluble aod is abtaineJ. Borrowcr eholl pay ��°`—
<br /> '":.'�"",'�"''��•�` tl►o pnemfum.c rr.quirod to maintain rtxmgage iasurance in eifect.or to provide a lasa reserve,until the rcquirement for monQua�o �' �-�`'--
<br /> � ,�..,I-; ..,,'_ inwrance end,s in uccardonce with ony wnnen agrcement tx:twcen Borrowcr und Lender or applicuble luw. �_-__-
<br /> f� ° •e�x_�-=-�•�i4" �� �� 9.I�pectlon. Lendcr or its agcnt mny mukc maumablr cntrier up�m und inspcxtions uf the Prupcny. Lcndcr shall�ive �°�-�
<br /> __ �-� s� .. ' . Borrower noticc at thc Nme:af ar prior ta un inspcc�ion�pccifying rcusonablc causc for thc in.r•pccti�m. �` _ _^
<br /> � .��.r�;� 10.Condetqtwtlon� Tho pmceeds of nny uward or clai�n for dumages.direct or rnnxequentiul, in cunnectinn with any - __
<br /> �__�_ . �=
<br /> - - • �- conJcmnatiun ar ather wkina ot nny part ai the Prupr�ty, or i�a cunveyunce in lieu oi candemnation,are hercby assigned und
<br /> h,�`� . " dwll be paid to Lcndcr. :,.-,�,--- ' '
<br /> _� " _� In thc event of A tatal taking of thc Property,thc prcxcedx shall be upplied to Ihe su ms secured by thi+Security Instrument,
<br /> �°� whether or not then duc,with any excess paid to Barrower. 1�the event of a panial taking oP the Property in which Ihe fair ��-����•'°
<br /> � 9 markct voluc of Ihe Prapeny immcdiatrly beforc Ihe taking is equal to or grcutcr than tfie umount uf the sums s�.•curcd by this `.'�":�—�
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<br /> �• Security Instn�ment imn�ediately before the tuking,unfess Burrower end l.�nder otherwise r ree in writin the sums securod b • �'��"�"'���'
<br /> R �• Y � �:r�.::.�_-_.
<br /> ° this Secudry Inslrument shull 6e�•duced by the umount of the procecdx multiplied by the following iraction: (a) the lota! •,.�:�-i.r'�•T.�,s�M��__
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<br /> emount of the sums secured immediately beforc thc tAking,diviJcd by (b) the fair market vuluc of thc Pro�x:rty immcdiately �,��.;4`��Cs�
<br /> � .. before the taking, Any balAnce shull t►e paid to Borrower. In the evcnt of a partiAl taking of the Pmperty in which the fair !��=�=='
<br /> �:
<br /> .. � . tnarket value af thc Property immcdiAtely before the taking is less than the amaunt oi the sums secured immcdiatcly befure thc ����:�_
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<br /> •• ' �aking. unless Barrower and Lendcr othcrwisc agrec in wriling ar unless applicable Inw dhenvise pravides, the proceeds shall r �"'::.�=�
<br /> ., be applied eo the sums secured by this Securily Instrument whether or not the sums are then due. �"�� �
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<br /> „ � If thc Property is abandanal hy Barrowcr, or if, ufter notice by Lender �a Borrowcr that thc condemnor offers to imke an ��`';�;-F^�--�
<br /> ^ i;le�s��.. --
<br /> . •• - award or senle a claim for damages, BOROwer fuils tu respc�nd lo l.�:mler within 30 �iays After the date the notice is given. ..��,��,.-;.:: „�,;,;:�-•
<br /> ��' Lender is authorized tu collect and apply�he prcxeeds,at its optian,either to restoration ur repair of the Propeny or w the sums t., ;�,i��:,;,;===='�
<br /> . secured by this Security Instrument. whether or not then due. � 1 �''1�"��+
<br /> Unless Lcnder and BoROwcr cuhcrwisc agree in wri�ing, any applicution of prcxccds to principal .r•hall not extcnd or �' � ''- -,,
<br /> " �� postpone the due date of the monthly pnyments rcfcrced to in parugruphx I und 2 or change the umount of such paymems.
<br /> �::�;i�c'=�, - .
<br /> • 11.Borrower Nat Released;Fotbea�unce Ry Lender Not a Waiver. Extensiun of the timc for paymcnt or mudiGcution , , , :'""`.
<br /> . . • of amoni�ation of the sums secured by this Security Ins�rument grnnted by Lender to any succexso�in interext of Borrower shall � - -_ -
<br /> " not operate to rcicusc thc liubility of Ihc original Borrowcr or Borrawcr's succezsors in intcrest. Lendcr shall not bc required to •� -- - �" ""�
<br /> commence prac:eedings ugainst any succexxur in interest or rcfusc to cxtend time for payment or iKhenvise malii'y +unortization •' 3�' �
<br /> ' ., oP the sums secured by this Security Inun�ment ay rcawn of uny demand mudc by �hc originul Borrowcr or Borrower's
<br /> successors in interest. Any ii�rbearance by Lender in exercising uny right or rcnxdy sholl not be a waivc�of or preclude the - �,�,::.. �
<br /> ---_-•. - ,— . CXtiC{�J�dfij% ���ii Oi iCiilCd3. w.,�.'`:'��F�
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<br /> : � 12.Succescors and Assigns Bound; J�int and tieveral Uabilfty; Co-slgners. Thc c��venan�s und agrcemcnts ut' this �:.;�-=�'-=`��� `
<br /> • Securiry Instrument shall bind pnJ Ixncfi� the sucresuvs anJ assign� of l.ender anJ Borrower, subject to the provitiions of : •
<br /> � . pnragraph 17. Borrower's covcnants and ugreements shAll be joint nnd s�vernl. Any &�rrower who co-�igns tbis Security � ��° ��:
<br /> ., ,:... '_:.
<br /> � � Instrument but doe� nrn exe�ute thc Note: (al is co-signing thi�Securiry Instrumem only to murtgage, grunl und comey thet .' '
<br /> Borruwer's intercst in the Propcny undcr�he tcrniti��f�hi.Seruriry Imtrument: (b) ic nnt pcnonolly obliguted w p•ry the�ums �
<br /> sccurcd by this Security Ins�rumcnt: and Icl agrcc,thu�l.cnJrr unJ uny�uhcr&irrowcr may ugrcc to cxtcnd, modify, fi►rbcar or . - ... .. , s
<br /> makc any accommcxia�ions with rcgurd to the tcrm.uf thi,Scrurity Intitrument or the N�ec withcwt that &►rmwer's consent. ""�ti`"'N'�'•"���
<br /> � 13.Loan Char�es. If thc loan��rurcd b�•thiti Sccurity Intitrunxnt ir.ut►jcct tu u law which �c�, muximum I�►an churgcs, � _
<br /> - ' and thut luw is finully intcrpret��J,�i thn�thc imrre.t ��r athcr loun�hurFe. cullectrJ or to fx collectal in ronncction with 1he � ��� . ' � -__�-
<br /> ' ' loan exceed the pern�ineJ limits,then: lu)uny such luan charge tih•rll Ix reJuceJ b}•Ihc untuunt necestiury to reduce thc charge ��..�.,
<br /> • to the permitted limit:und Ib) uny sumy ulrcady cull�ct�wl fram Burrower whinc�xca:dcJ Fx:rn�iurJ limits will bc:refunded to '� �i•`�"'''
<br /> '��'��;:•-
<br /> �• . � Borrowcr. l.cndcr may cha�sc to m•rkc thi� rcl'und b�• reJuring thc principal �►wcJ undcr thc Nutc or hy making a dircct �.•�•.�`�' "===---
<br /> a ment to Borcowcr. It' u refund redurc+ rinci al thc rcduction will bc trea�cd a. a anial re a ment without an . ;.;�;;`��
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<br /> prepayment chvrgc undcr thc N�Hc. �t•'>;��
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<br /> ' � � • 14.Natices. Any noticc ti�&�rc�►u•cr proviJcd liir in thi.Scrurity Imtrumcnt ,hal l hc givcn by dclivcring it or by muiling 'i-:.�-----�
<br /> _..�-��,',�j.-.
<br /> " • � it by first class mail unless•rpplicablc luw reyuirc�u+c��f'anuthcr nmthixl.Thc nuticc.Iwll lx Jircr[eJ to�hc Propcny Address r .. .
<br /> ' or any other �ddress &�rmwcr dcsignnlc. by nutirr to LcnJrr. Any nu�icc ta L.enJ�r�hall hc givcn hy tint cla�, m•ril to ` �..
<br /> . L.r.nder's address stutc.�J herein or uny �ithcr uddresti l.ender Jc.�gnatr+b�•nutirc tu &�RUwcr. Any m�tice providcd tiir in this _ _
<br /> . •• Security Inslrument xh•rll tk decmrd ta huvc hren givrn to Barmw�r or I.�ndcr whcn given a,pruviJ�wi in thi�puragraph. ' � �=�
<br /> � • �• 15.Governing Law;SeverAbilit�•. Thi� Sccuriq• Imtrumcnt �h•rll h� g�►vcrn�d by fedcrul I�w anJ thc law of the "°�� �
<br /> : ' .� jurisdiction in which thc Property is IncuteJ. In�hc evcnt that any provi+iiin��r rlau�� nf this Sccuriry Imtrumrm or thc Nutc ,
<br /> ! , !�:� cnntlicts with applic•rblc I�w, such r�mflict tihall nut ul'fcrt othcr pruvi,iun.�►I thi.Sc.0 rin In<ti umem iir thr Notc which�un 1►e
<br /> � , • given effect witM�ut tlx canflicting pnwixi�m. Tu thi.end the pr�,ri,ion+ot ihi.ticcuritq In,rrumrnt•rnd thr Nute ure declared
<br /> ' � • to bc xvcrable.
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<br /> �`� � 16.Botrower's Cop�.Burruwcr,hull Ix�n•cn un��unti�rokd�upy ul the N�KC and ul'Ihi,Scrurity In�trumcnt.
<br /> � � Fotm 3028 8/90
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