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<br /> . payments may ao longer be reqoired,ai the option of Leuder,if martgage insurauce caveiage(in the amount aud for the period•..., � � . . , •
<br /> .`� " . that Ieader reciu�+es)Provided by an ins�ue.r aPPmved by Lendar again 6ecomes ava�abte snd u obtaiaed.Bo:rower shall pay the ,: .. ` .
<br /> �. � . p�requued to ma�staim m�rtgsSe i�aance in effect.or tn provide a toss�ve.unt�the requiremeat for mort� �.
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<br /> , ins�uance e�ds in a�co�dance aith ar►Y writteu agceement betweea Borrower mW Le,nda ar appW�bble taw. Lender sb.all g►ve� 4` � , . ` •
<br /> ' : :;.2`--.� 9.InspecNon. Lce�d�t or its agent may make reasonable enuie.s upon and inspections of the Ympeity �� ` , •
<br /> ` - Bosmwa uotice at the wme of or prior to an inspectian specifYinB reasoaabte cause far the iasFection. _. .- _ �
<br /> -_ - _. _ 10.Condemna8on. 'i'he proceeds of any ar�d or r.laun for damaSes,direct or wnsequeati�al.in wnnection with an� t`,.,, .
<br /> . � � - condemnatlon or other taking of aay part of the Propeity,or for conveyance in lieu of oondernnadon,are heaeby assigned an4� . � , `t .:
<br /> �...� .
<br /> � s h a 1 1 f s e p a i d m I.c�der. •�. . ,
<br /> shall be a�lied w thc sums s e a�r e d by t h i s S e c u r i t y I u s w raen A
<br /> . , . �'>'� ,. ` In the event of a mtal takmg of the Prope�ty,the Proceeds m which the fais market� ' •- . -.. .
<br /> � w h e t h�o r n o t t i�d u e,w i t b a n Y eacess F a i d to Bormwer.In the eveat of a pa�tial�kiug of the pivpenY.
<br /> �� value of the PcapratY immed�aselY before the taking is alnal to ar greater thaa the amount of the s�mos s�by t h i s Security ,
<br /> � � Instmmeat immediatclY befare the tak�g,untes�Bormwer and Lender otheiwise agaree i�w�it�g,the snms seciued iry dris � ., _ -
<br /> • .` • ge�aity,Instmmeat shall be�ednced by the amount of the pmceeds mWdP��7►the foIIowing fraction:(a)the mtal amouat of �.: ; -.4:..-
<br /> ��.. : . unmediately before the . .
<br /> . , the smms sec�aed immediately Uefore the takmg,divided by(b)the fair markei vatue of thm whicb�e fair mtuket value of the .
<br /> tak�g.Any balaace sdali be paid to Bmmwea.ln the ev�t of a gartial tat�g of the Pmpeay� befare the tak�g, unl�ss ._�`�� ,� -=—
<br /> pmpeaty �mmediazeYy isefaie the takmg is Iess tban the amaunt of the su�ns secaced imm�1Y ���lied w the . �� _.-.
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<br /> • ' Boaowa and Leasded otl�wise agree�watinS or unless agplicabte law othawise provides,the gmce,eds .. .
<br /> <. . , � . ` sums sean�ed by this S�aait5►Iastrameat whedier or not the snms are thea dae.
<br /> • � �'; If the PtaFeat�'is abandoned by Boaowra.or i�aft�nmice by Lemder oo Boirowea tLai thc caudemaor offers to make an `(.� �, .
<br /> � aara:d ar satle a ciaun for dama8es,Bosmwer fa�7.c w respond tfl Lende,r withit►30 days aftea the dase the aotice is given,I.ender ,.
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<br />:: 4`, . . at its option,eitha w�estnrdrion os m,pair of ilie Property ar ro the snms s� _ .
<br /> • . � is anthoriud w coIlect and appiy the piocee�ls, _ -
<br /> � ' � by d�is Secanrity Iast�umemt,wheth�a or not th�dae. shall nat eatend or post�one •'�-
<br /> �' Unless Leud�and Borrower othawise agree m writing.anY aPPlication of praceeds tn priacipal .�•�_��'�
<br /> . •. ': � the dae dat,e of the monthlY PaYm�s tefeared m in pata�aphs 1 and 2 or cdange the amouni of such payments. . __M__
<br /> - . -• • �'';`•:� iL Borrower Not Reieascd,Forbeasaace By Leader No!a Waiver. Eat�ation of the time for paymeat or modifiratioa '! ^ �,�„-
<br /> . . of amortir.abon af t6e sums secrmed by this Secwity Inso�umeut granted by Lende,r to any successor ia int�est of Boaower shall ;: . _ ` ,
<br />,-;; . . , not opc�ate w retease the liab�i c y of t�e ori g i n a l Banrower or Bom�we�s successa�s in intraest Lend�shali not be req�red to . .:.,`r.��Y:
<br /> �''::�. c�mm�ce Pmcced'm8s�sinst a°Y successor in mterest or refuse w ext�d riane far payme�t or otherarise madify amart�don of .—
<br /> ;:. . � the suras secured by tLis Security Insuum�t by reason of any demand rpade by the original Borrower or Bonower's successors . `,---:
<br /> ' • in int�r�.Any farhearaacc by Lenda in exercis7n8 a�►7►nF,ht oI remedY�not be a waiva of or pleclade the acercise of any , .�.q,
<br /> � . ' � ,� right or remedS►• of this .� %,�.�`.:
<br /> - � � 1Z.3acce�ors and AssiSna Bonnd,lo9nt and Several Liabilitg:Co-signess.'[he cove�aats and agreements ��.•_ . •: .i x�,'
<br /> -� .� Seauity Ia�mea�t shalt bind and benefit the saccessass and a�siSns of I�dea and Boaower,subject to the pmvisions of , .,,a.__
<br /> '�. ; ' : pa�raph 17. Bmmwer's covc�ants and agrecments shail be jomt and several.Any Borrowear who co-signs this Seciuity :��.�,,_;
<br /> . Insu�unent bnt daes not ea�ecute the Note: (a)is co-signing tLis Secmrity Insuumeat only w mortgage,8rant and oonvey that `�"A�:'-.
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<br /> . . � Borrower's int�est in the Pmperty under the teams of this Sec�u►ly Insuumenfi N)is not peasonaUY obligatcd to pay the sams .' �;.r_,.s,
<br /> seaaed by this SecAritY Insnvmen�and(a)a�ees thac Lender and any oth�r Bormwca may agree to e�ccend,madify,forbear or . ,. ' ;�-�,�
<br /> :�. ' � ��, maxe any accommodasions with regard to the terrns of this Security Insuument ar the Note arithout tLat Borrower's conse�t . .:.::��-`
<br /> l3.Laan Cbarges. If the loan seaued by this Seauity Instrument is subject w a taw wtuch sets maximum Ioan ctrdtges, . ::�
<br /> � so that the intaest or other loan charges colleated or m be collecxed in connecdon with the loan ; -,�.._
<br /> ;; 4�:. � . a n d t b a t law is finall y inteaprcted °� �'��
<br /> .. . exceed the pa�►iued limits,then:{a)ffi►y such ioan ct�arge sha11 be reduced by the amount necesgary w r e dnce ffie c h a r g e t o t h e . ` "_
<br /> .� � Y� peamiaed limi�and(b)aay sums atready col2ected fcom Borrower w h lc h ea c e e d e d p e r m iued limits w�l be refunded to Borrower. - �..�;
<br /> . � : t lxader may choose to make ihis refund by reducing the princlpal awed under the Note ar by malang a direct paymeat tn :, '. •.`.(::
<br /> . . � Borrower.If a refnnd roduces piis►cipal.the redacdon will be ueated as a pa:tial prepaY�nent without any prepayment charge
<br /> - - ' .._�� undertheNote. _ - -=-----
<br />- .- •- - -- - 14.Notices. My notice w Boaower provided for in this Sacurity Instrument shall be givea by de3ivcr�g it ar by ms'slina it ---_-----1
<br /> • � by first class mail untess aPPlicable law requires use of another method.'I4ie notice sha11 be directcd to the Yropercy Address or . ,
<br /> ' any other address Bonawer designates by notice w Lendsr.My notice to Lender shall be g'�ven by first c2ass ma7 to l�ender's`.,;
<br /> . � � addmsg stated heaein or any other address Lend�designates by notice to BoTrower.My no6ce provided for in this Sectuiry� ' ,,..� .
<br /> .. '. � i instrument shall be deemed to h ave G e e n given w Borrower or L.ender when given as pmvided in this paragaPh. . , ; .
<br /> � • "� IS.Governing Law;Severabifiity. This Securiry Inswment shall be govemed by federal law aad the law of the �` .
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<br /> . • jurisdiction ln which the Pcoperty is locateJ.In the event that any provision or clause of this Security Ins�ument or the Note �„9 . .
<br /> confllcts with appllcabte]aw.such conflict shall not affect other provisluns of this Security Instnunent or the Note wMch can be � ��
<br /> ' ' � given effect without tne conflict�g provision.To this end the provisions of this Saauiry Tnstiument and the Note are declared to - �
<br /> ��'� bc scverable. �
<br /> Form 8028 9/90 '
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