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<br /> . ,� . ��—tti�`am�l�n�d'for the period • �
<br /> ,. pay,��a�may ao longer be req�umd,ai the ogtiOn of Le�dea,if mo�tgage�su�nc�covexage�m o
<br /> � that Leader cequims)pmvi+ded by aa insluer approved by Leader again h�comes ava�uble and is obtained.Hacrower sball pay t� . - ,
<br /> . ' premi�s raiuired w a�aintaim m�rt�ge ms�nrance in effed,or to provide a loss reserve, �mtil rhe requiremeat for mongage ,, . .^.
<br /> . ; insuzance ends ia ac�dance wit�any wriven a�cnt betweea Bosower and Ltader or applicabte law. �` `. .
<br /> � � 9.Ias�ecHon. Leader or its agent may make reasonable.entrie.c upon aad iaspectioas of the Property. Lenda shall give � . �• -. . ,. .
<br /> Bomswer notice ai the rime of or prior w an inspaciion specifying reasona6Ie cause for t h e inspecrion , .•� ��
<br />- - -- -���-;�; 1 0.C ou d�a n a t i a n. T h e g m o e a l s o f a n y a w az d o r c l a i m f o r d a m a g e s,d'uect or oo n s e quential, nu connecdon wiW aay+
<br /> . � condeamation or other taking of any part of the Prope�ty,or for coaveyaace in lieu of co��pmnatinn,are heceby a�signed and �'` -' . :-- --�:-'S.,�.
<br /> shall be paid to Leader. � • � , � `.
<br /> � In the event of a mtal taking of tde Pmpeny,the praceeds sLall be applied w the snms s�by this Sesaaity Insnnimeat, � ;
<br /> � arhether or not then due,with any excess paid w Boaowea.In the event of a paroal�aking of the PropertY ia which the fair market , -.� s
<br /> . 4E value of the Pmgeaty immediately before the taking is equal w or greatsr ttr�the amount of the sums s�by tliis Sec�ity . . �i
<br />- Insuumeat immediateiY before tha �ng,un1��s Borc�wer aad Lc.nder otherwise agree in writmg,the sums secvmd by tlris ?
<br /> • . ' i. gerauity lnstrument s6al!be redaced by the amouat of the proceeds mWtiPlied by the foltowmg 5action:(a)the total ainouat of ; • '` ,�,`
<br /> . ,� 1ns um ' .. :,.. .--:
<br /> . '; the sums secared'uamediately before the takmg.divided by(b)the fair mm�tcet value of the PmpenY imme fAfP�y before ths . . _ :
<br /> , . . takmg.Any balance sl�all be paid to Borrower.Ia the eve�t of a paitial tatsing of the ProFeatY in wluch the f a i r m a r k e t v a l�e o f t he .�,:::�,s.;.:
<br /> � ' pmperty immediately 6efore the tak�g is lesg than the amouat of the s�ums secared 'unmeAiately before the takinB, anless .y , .-�. .
<br /> edia ly
<br /> Boaower and Lendec otherwise ag�ee in writmg or untess applicable law otheaarise provides.the praceeds shaD 6e applied to the — _
<br /> .. � r sams s�by this S�t}►Insmun�t whethea or not the sums are dien dae. . :,L::��'.�
<br /> � . If the PmyertY is abandoned by Baaower,or if,after no�ce by Lender tfl Borrowea that the condemuor offers tn make an . .. . �_=
<br /> ,,,.—�,-
<br /> aw�d or seule a claim for damages.Bmmwes fa�7s to respoad to I.aada within 30 days aftcr the dute the notice is given.L,endear � , _
<br /> . . ' is autho�ized to collect aad apply the procezds,ai its option,eit�t�Lo resb�tion or repair of the P�opercy or t�the s�uns secured - ::.__- ''.�,-
<br /> £ by this Sec�ity Instrument,whether or not thea due. •�' ..--
<br /> v�?"��
<br /> Unless Lender and Bmmwer oW�arise a�ee in wminS,anY aPPlicarion of praoeeds to principal shall not e�ct�d or postpone �'�.�".`
<br /> � �.sv�:.==..
<br /> � ..� the due daze of the montLlY PaYments refened w in paragraphs 1 and 2 or change the amount of such payments. ' ; ..r....:.:.�.,._-,
<br /> � • •u !L Bosrawes Not Belease�f;Forb�rance 8�I.euder Not a WaIver. Exte�sion of the time far t or madific�tion � �--� ��'�•`�
<br /> � �� , ;��:_;
<br /> af arnomzation of the soms secnre�i by this Seco�rity InstrameAi granted by Lemder w any successar in int�st of Bomnwea s6a11 ._.:.._,h.�:":
<br /> •�:<;
<br /> . . not aperate tn release the liab�ity of tlie original Boa�wec or Borrower's saccessoss m 1ntErest Leader shall e�oi be reqnired ta �� 'j,:����
<br /> - . comme�ce pmceedings against any successor in inta�est or:efuse to�d 6me for paymeut or otheawise modify amam�ation of ta=_,—;.�"
<br /> the sums s�ared by this Secucity Instrument by reason of any demand made by the origival Borrower or Boirower's successors . Y!`M1�_
<br /> '; � in inteiest.Any forbearaace tiy Lender m eatersising any right ar rauedy shall not be a vwaiv�of or preciude the exacise of any ;. . . - �..
<br /> G � A�{L0?TPAIC�y. . ry.j��.,"
<br /> r.� � '�'�::�T t':':
<br />- .5 12.Snccessars and Asgigns Boand;.Toint aad Sever�al Lia63ltty;Castgners. 'Ihe covwautc and agreemeras of this ' '�;.;_�v
<br /> ; .! Se�arFty Instiume,nt shall bind and bemefit d�e smocessors and assigns of L�dea and Brnmwer. subject to the provisions of . : .•.1��"
<br /> � paiag�aph 17. Bosower's coveaants and agr�em�is shail be joint and se��aL Any Bmmwec who co-signs tLis Security �
<br /> t and wm�.y that ',`1-�T'�
<br /> � Jnstrament but daes not ea�ecut�the Note:(a)is co-signing this Security Tnswma►t onty to mortgege,g�an '° �::;
<br /> g an
<br /> . _:�.,
<br /> • Bonowea's inLeaest in the Anpeaty under the team4 of this Secwiry Insommeax(b)is not personally obligated to pay t�a sums . • � .,.;��
<br /> . . secured by this Secwrity Ins�ument;and(c)a�ees that L.ender and any other Barrower may agree to extend,modify,faa�bear ar . , ;;'--..
<br /> make any acoommodations arith regard w the tams of this Secmrity Instnuneat or the Notc without ihai Boma�ser's consent :•';,,,��:.',"
<br /> ' . � 13.Loan Charges. If the loan sesvred by thig Security Insaument is snbject w a law which sets maaimwn loan cdarges. . ;,.j=-.
<br /> �' . and that�w is fmally inteapreted so that the mterest or other loan cdarges wllected os to be collected�connection with the ioan � : ;•..;:.;
<br /> . exceed the peRniued limits,then:(a)any svch loan charge s5a11 be reduced by the amount necessary to redace ohe charge w the . . . '. :"'"
<br /> .: . pemiiued limix and(b)any sums atready coltected from Soirower which excee4ed pemuaed Tunits will be refimded w Bonowe,r. � �:;=�_.
<br /> � Leaider may chnose tn make this refund by reducing the principal owed ander the Note or by makiAg a direct payment to - . . .-���
<br /> � � Le • .:
<br /> Bmrower. If a refund reduces ps�apal,the reduc6on wiU be treated as a pattial prepayment without any prepayment charge �: "���
<br /> ' � under the NotE. • �
<br /> , # 14.Notices. My natice w Borrower provided for in this Security Inswment shaU be given by delivering it or by ma�ing it
<br /> by t'irst ciass rna�untess applicab2e law requires use of anothe.r methad.'Ihe notice shall be directed to the Proyerty Address or
<br /> . . j any athea address Borrower designates by nodce to Lender.My notice to Lender shall be given by fust class mail w Lea�der's , '. �
<br /> 1 address sttued herein or any othe�r address L.ender designatcs by notice w Borrower. Any norice pmvided for�this Security . .
<br /> $ Insuument shall be deemed to have been given w Bonower or Lender when given as provided in Ihis parag�aph. .�. ,
<br /> �;,: l5.Governing Law;Severabe'1�.'iy. This Security InsGume,nc shall be goveaned 6c� federal law and the law of the . . • . � ,.; .
<br /> �� `; � � jurisdiction in which the Property is tocated.In the event that any provision or claose af this Security Instrument or the Notc �•
<br /> • contllcts with applicab2e law,such contlict shall not affect other provisions of this Seciuiry Instrument or the Note which can be :
<br /> ' � glven effect arithout the conflicting provision.To this end the pmvisions of this Socurity Insuument and the Note are doclazed tn �
<br /> ; � � be severable. •.
<br /> ; �
<br /> • Form 5048 9l90 .
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