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<br /> ` � payments may no longer be required,at the opdon of Leuder,if mortgage infwance coverage(in the amount and for the period � � �� k�^� �.'s`_
<br /> , . :� .. �� .
<br /> . � `, � that Lender requires?provided b�an insurer appn�ved by l.ender aguin beoomes availabte and is obtained. Bormwet sl�all pay .. . .
<br /> the premiums required to maintain mortgage insurance in effect,or to provide a loss reserve,unal the requirement far mortgage
<br /> - � � insurance ends in accordance with any writtea agreement between Borrower and I.ender or applicable law. ;
<br /> �``, ` ' 9.Inspection.Lender or its agent may make reasonabfe entries upon and inspections of fie Property. I.ender shatl give .
<br /> - Borrower noace at the dme of or ptior to an inspection specifying reasonable cause for the inspection. ` t• • ,`.,.E� . •
<br /> �;�_�," - --- 10. Cond�natIon. The proceeds of any awanl or claim for damages, direct or coriseqaenteal, in cosu�ection with aay ' '`
<br /> --- - �� rnndemnation or otfier tatdng of aay part of the Pmperty.or for conveyance in lieu of oondemnation,ar�e hereby assigned and ' - - --
<br /> �?`" shaU be paid to Lender. . • . � " •
<br /> � �; In the event of a totaf tatcing of the Prnperty,the proceeds shall be applied to the sums securcd by this Sec�ity Imtivment, ,
<br /> . � , :� whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in whicd the fair _ �, ;�� _
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<br /> - `- � :�`� market value of the Property immediately before the taking is equal to or grrater than the amount of the sums secured by this ____,
<br /> � - �°�- �' � Securi Insuumerrt immediatel befoTe the takin unless Borrower and L.ender otherarise in writin .the sums secumd b =_-?:�:.
<br /> � �Y Y g. �$� g Y rN._ _
<br /> '�: ' .; this Security ���+�+�t sha11 be red�ced by the amo�nt of the praceeds mulaplied by the following fra�ion: (a)the total � ,w:;_._
<br /> ,"� arnount of the sums secured immediately before We taking, divided by (b)the fair market value of the Property immediatety . � � .` __
<br /> 2 ' before the taking. Any balance shall be paid to Borrower. In the evertt of a partial taking of the Property in which the fair , '_ ..._,,_
<br /> � �� ` -� marb�value of the Property immediately before the taking is less than the amount of the sums secured immediately befoie the ` Y �'� T -
<br /> ,� � ; ': ta€cing.unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides,the procceds shaU `; .' .' �' _
<br /> ' � ` be applied to the sums secured by this Security Instrument whether br not the sums are then due. •'•�'``
<br /> - '�. ', :�, : #..�-' '—
<br /> - ,r:� : .:.�: � If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the rnndemnnr affers to make an •�, ,.:•, :�
<br /> ;: �` � award or settle a claim for damages, Bornower fails to respond to Lender within 30 days after the date the notiae is givea, ':. '-=-
<br />_...�>:��`.� .-• =- I.ender is authorized tQ collect and apply the proceeds.at its aption.either to r�swration or repair of the Property or to the snms . :.,f.�' ,:`�
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<br /> secured by this Security Insmunent,whether or not then due. � :'��, `;� `�-
<br /> � , - Unless Leuder and Borrower otherwise agree in wridng. any apptirarion of proceeds to principal shall not exiend or ;�:�==_
<br /> � postpone the due date of the monttily payments referred to in patagraphs 1 and 2 or change the amount of such payments.
<br /> �:�.,; C:::fg•-.
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<br /> 11.Borrower Not Released;Forbeasance By Leuder Not a Waiver.Extension of the time for payment or modification .�,;;_
<br /> �� - -�-� of amortiTadon of the sums secured by this Securiry Insiramerrt granted by Lender to any successor in inu�t of Borrower shall .. ' ��'-�-"-`
<br />��. �• 1 . . �- ,�;—���
<br /> � , not aperate to retease the liability of the originai Borrower or Borrower's successors in interest.Lender shall not be required to � ��.._---=
<br /> - . �' �, --. cominence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization • � ��-��
<br /> ":. of the sums secured by this Secairity I�strument by reasan of any demand made by the original Borrower or Borrower's '•`---�= �_
<br /> � • • successoss in inte�st. Any forbearance by I.ender in exercising any right or remedy shaU not be a waiver of or preclude ti�e f�� � ��+��
<br /> exercise of any right or remedy. �� ;.r�`„_.. _.
<br /> ��..-; +��
<br /> � �, , 1Z. Successais and Assigns Bound; doiat and Several Llability; Co-signecs. The covenanu and agreements of this . '`� ", �'=��-.�-
<br /> � Security Instrument shall bind and benefit the successQrs and assigns of I.ender and Borrower. subject to the provisions of � , :: �-��--
<br /> • �, • paragraph 17. Bonower's covenants and agreements shall be joint arid several. My Bonower who co-sigas this Serurity G �• ' � `��-
<br /> '' . ��.w.-;--:.
<br /> �;:,_ ._'�,".-�--"'-� Inst�ument but daes not execute the Note: (a)is co-signing this Security Instrument only to mortgage.grant and convey that '`
<br /> - - ' � Borrower's interest in the Property under the terms of t}us Security instrument: (b)is not personally obligated to pay the surns • . � ,���
<br /> • , secured by this Se,curity Insmiment:and(c)agrees that Lender and any other Borrower may agttie to extend,modify.forbear or • � � �����-
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<br /> . „ ��. ... make any accommodations with regard to the terms of this Security lnslrument or the Nate without that Borrower's consent. ' . .. .. . ___-
<br /> � • ' i3.I.oan Cha�ges.If the loan secured by this Secnrity Instrument is subject to a law which sets maximum!oan charges, � . __
<br /> � � • and that law is finally interpreted so that the incerest or other laan charges collecxed or to be oollected in connection with the .� • ---�°�
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to redace the charge � - _
<br /> ; � to ttae permitted limit:and(b)any sums already wllected from Borrower which excaaded permitted limits will be refunded to '�� ~ - __
<br />", - •�.`" Borrower. Lender may chaose to malce this refund by reducing the principal owed under the Note or by making a direci _ -:=3;�
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treateii as a partial prepayment without any �' �,, "+��_.::--:. -
<br /> � . prepayment charge under the Note. � ;."'�-'
<br /> ` la.Notices.Any notice to Borrower provided for in t:�.is Security Insuument shall be given by delivering it or by mailing . .
<br /> _•��:� � � it by€irst class mail unless applicable taw requires use of another method. The notice shall be directed to the Property Address ����'�:
<br /> � � �-- or any other address Borrower designates by rtatice ta I.ender. Any notice to Lender shall be given by first class mail to � '
<br /> , i.ender's address statcd herein or any other address Lender designates by notice to Horrawer. Any notic�provided for in this . ^�-���-;�;•'-
<br /> •., ,. , Securiry Instrument shall be deemed to have been given to Bonower or I.ender when given as provided in this paragraph. � �" ' ".
<br /> ,�... 15.Governing Law; 5everability. This Securiry (nstrument sha0 be govemed by federal law and the law af the ' �� .
<br /> , . � jurisdiction in which the Praperty is located.In the event that any provision or clause of this 5ecurity Instrument or the Note . ..
<br /> . conflicts with applicable law,such conflict shall not affect other provisions of this Secvrity instrument or the Note which can be � . .
<br /> ' : given effect without the conHicting provision. To this end the provisions of this Security Instrument and the Note are declared .
<br /> to be severable. � . '.
<br /> #;: 16.Borro�rer's Copy.Bonower shall be given one conformed copy of the Note and of this Security Instrument. ,
<br /> � . Form 3028 9/90 . � � '
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