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<br />, c;� paymentg may ao tanger be required,at the option of Leader,if mortgage insuraRce wverage(in thc amaunt and fos the period � _
<br /> � that Leader requires�Pmvided by an insurer approved by I.endcr again becomes availabie and is obtained Horrower shall pay ttic , ' " :' � �`r
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<br /> .. ' premiums cequired w maintain mortgage ins�a�ance in effeci.or w provide a loss reserve, uutil We mquiremeut for mortgage _ _ :{
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<br /> .,� � insurance ends in accordance with any written agreement�etweeu Bonower and Leuder or appliable hw. ' .
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<br /> � �.��--~--" 9.IospecUoa Lender or ics ageat may make reasonable entries upon and inspections of the Properry. Lender shall give .. '<4
<br /> ��`�.�1� Boaower notice at the time of or prior to an mspection specifying reasonab le cause for t h e i n s�s e c don- - ' r. ��•'
<br /> . .. � 10.Coudemnatton. The proceeds of any award or claim for damages,daect c�r consequeatial.in connection with any : `"
<br /> ' . _ � ":� condemnarion or other taking of any pan of the Pmperty,or for convey�ce m Iieu of oondemnation,are hereby assigned and ;
<br /> . � shall be paid to Leader. . ;
<br /> .. : In die eve�t ef a tQrdl taking of the Property,the pmceetLS shail be app&ed to the sums secared 6y this Seauity Instnm�ent �
<br /> - ` whether or nat then due.wwityh any excess Paid to Bairower.Ia the eveut of a par6al taking of the Pmpe.rty in which the fair ma�cet • - -:`��; �� `;.: .,:� "
<br /> �,r watue of rhe Pr�rty immediately before the takiug is eq�at w or g*eater than the amount of ihe s�ms secuted by this Security �'
<br /> , �. � �.' Insaument unmediatel3+6efore the taking, anless Borrower and L,a�der otheiwlse agree in writing, the sums secured by this �.. ��;
<br /> ` Security InsOn�ment shall be reduced by the amount of the proceeds mulpplied by the following&ac6on(a)the total amounc of - s �, • : ,.:�.
<br /> .� � .� ; � '` '
<br /> ihe sums secured iminediatety before thc taking,divided by(b}the fair market value of the Properiy immediatcly before the
<br /> ., � talang.Any ba]ance shall be paid ta Bonower.!n the event of a paztial taking af the Property in wbich itce fair market valus of the .` . - A
<br /> '� . . piraperty immediatety beforc thc ta�ing is less lhan thc amount of thc sums st;curcd immediaiely betore the taking, unless ` .° `` �
<br /> � ::� Borrawcr and l.cadcr athcnvise agrce in writins or anlcss applicablc taw othcrwise pmvidcs.thc proceeds sha11 be aPPficd w�hc
<br /> • " ' - • sums secured by this Scxuriry Ins�ument whcthcr or not�he sams arc then duc. �°
<br /> �
<br /> !i U�c Property is abandoncd by Hortowcr,ar if.attcr notice by Lcicdcr ta Borrowcr tt�wtihe condcmaor offcrs to makc an , `�` ,4=4._.==-
<br /> ' award or seWe a c1.Nm for damages.Barmwer f�its eo respond tn Lender withtn 30 days afcer U►e date the nQticc is givca,Lender _,. ._ - --
<br /> ' is suthorized to collect and uppiy the proceeds,at its opdan.either to restnration or repair of the Propcxty or to the sums secured ' '
<br /> � ` ;.� by this Security Instnuncn�wheihcr or not thcn duc.
<br /> • ' ' Unlcss Lender and Bortower othcrwisc agree in writing,any application of procecds to priacipa!shall not actend or po.gtpoae _
<br /> .. �'_. the due datc of the monthly paymeuts referred to in pasagcapbs 1 and 2 or change the amount of such pay�nents. - -
<br /> - � ' I1.Borsower Not Refeaswl;For6esrance By Lender Noi a Waiver. Factension of the time for payment or mo 'd�fcc�tion �,_:��'��
<br /> ' of amoro�ation of the sums seAUCd by Uiis Securiry Insuumeat granced by l.ender to any successor in interese of B�nnower shaU
<br /> � . � retease the liabili of the original Boaower or Bo�rawer's successors in interest.Lender shall not be cequired to ' .� Y��_
<br /> not opcaate w �Y = �
<br /> � � • commpue proceedings against any suc�cessor in interest or refuse w extend time for payment or otherwise modify amortization of �� ���
<br /> � ' � the sums scx�rcd by this Sccurity Insuument by reason af any demand made by the original Borrower ar Borrower's suecessoss �:• :V -
<br /> �.. . , in inteaest.Any forbeatance by Lender in exeacising any right or remedy shall not be a waiver of or preclade the exercise of any . __ __
<br /> � .� right ar rentedy. � T _."T„-
<br /> �.;'i, 12.Snccessors and Assigns Bound;Jobt and Several LiabWty;Co-signers.The coveaants aad agreements of [his �,� , -__T
<br /> ' Securi4y Instrament shaU bind and benef�t the successors and assigas of Lender and Bouower,subject W the provisions of -�- --:- -
<br /> y _.
<br /> _ . .... � . `', paragraph 17. Borrower's wveaants and agreements shall be joint and several. Any So�rower who co-sigas this Seauity . - _ _ ..:�__e-
<br /> " ' � InsOrument but does not execute the Note:(a) is co-signmg this Security Inswment only to mortgage,grant and canvey that �._
<br /> .� Borrower's interest in the Pmperty under the terms of this Security Instrumcnt;(b)is not personally oblig�ated tc�pay the sums "� '•==
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<br /> ' ��'� secured by this Securiry Instrument;and(c)agrees that Lender and any other Bormwer may agree to eatend,modify,forbear ar ' . � '+�i��
<br /> . � make any accommodalions with regard to the terms of this Secarity Insuament or the Note without that Bonower's consent .. ���'��
<br /> � �. = 13.Loan C6arges. If the loan secured by this Security Instrument is subjece co a law whicb sets ma�cimuin loan charges, ' ,. �••T�
<br /> and that law is finally inte�preted s�o that the interest or other loan chazges coitected or to be collected in connecdon with the loan ,; .�
<br /> . . • ' ' � cacced the permiued limits.then:(a)any such toan charge sbatl bc rcduced by the amount neccssary to reduce ihe charge to the .,. :�: ., ,, ��.�,;
<br /> � , � , permitted limit;and(b)anY svms already collected from Borrower which excc�ded permitted limits will be refunded to Borrower. �,_ �-
<br /> . ' " Lender may choose to make this refund by reducing the principal owed undes the Note or by mals�g a direct paYma►t to ,
<br /> ....-,.r.,,
<br /> � � � �orrower. If a rcfund reduces principal,the reducrion will be ueated as a partial prcpayment without any prepaymcnt charge , .
<br /> ' under ihe Note. � ' �-
<br /> ' . . • 1�8.Noticxs. Any notice w Bonower provided for in this Security Insuument shall be given by deliverin�it or by mailing it • •
<br /> � by fust ctass mail unless applicable law requires use of another method.'I7ie notice shaU be directed to the Property Address or . .
<br /> � any ather address Borrowcr designates by notice to Lender.Any notice to Lender shall be given by first ctass mail to L.ender's . .
<br /> ' � address statcd hcrein or a.�y othcr address Lcndcr dcsigna[cs by noticc to Borrower. Any noticc provided for in this Stxarity , ,
<br /> • lnsuumcnt shall be decmcd to have been given to Boaowcr or Lender when givcn as provided in this paragaph. '','
<br /> 15.Governing Law;Severability. This Securiry Jnsttumcnt shall bc govemed by fedcral law and thc law of thc • • • .
<br /> . � jurisdiction in which ihC Property is lacated. In the event that any provision or clause of tdis Security lnsuument or the Note �
<br /> � c:ontlicls with applicable law.such conflict shall not atfect other provisions of this Security lnstrument or the Note which can be _. ..
<br /> given effect without the conflicting provision.To this end the provisions of this Security Inswment arid lhe Note are declared w , .
<br /> be severabla . . • � .
<br /> .� Form 3028 9/90 : •
<br /> ' � � � � Q�' -'8R(NE)192t21.o: Papeaoie inroais: �� '.
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