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<br /> • �` � VaYmentg may no longer be requir�.at the option o�Leader.if mortgage insuzanoe wveiage(in the amouat and for the period � :s:. �. .
<br /> � _, that Leader requires)Provided try an msiuer apgmved by Lender again becomes availab2e and is obtained.Bonower shall pay the .
<br /> .-.:•� . P���1�w maintain moitgage insw�anse in effed.or to provide a loss resecve,uatil tha requircmeat for mortgage � • � , , r
<br /> ` - - —'�= �ce eads in axo�daace wiih any aritten ag�m�t between Bormwer�td Latdea or applisable law. ( ,:__ �
<br /> � � • . � 9.I�s pertIon. L�endea or its ageut may make�onable eeuies apon and'mspections of the Pmperty.Lend�r sbatl give E=�: ``.-
<br /> Boaawer natice at the time of or priar tn an inspection speafyin8 reasonable cause far the inspec6on. '...
<br /> , ', :. 10.Condemnatfon. 'ltie praceeds of aay award or claim for damages,d'uect or�onsequential, ia connect�on with any '' � ' �. �"=
<br /> • � • = � oondednnaaon or other ta&ing of any part of die PrnPe�tY,or for wnveyaacc m lieu of condemnaiio0.��Y��� . ` ` -_
<br /> `. . shaD be paid m I.ender. � ' � "
<br /> . : �. � 1a the evwt of a totai�►g of the Propeity,the Pmce�s shall be applied oo the svms seca�ed by t6is Security Tnsaument, ` _}
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<br /> `: 5 � whether or not theA dne.wbh any eucess paid w Boao w e r.I n t h e e v e n t o f a pactial t a g i n g o f t he p r o p e n Y in w6ich the fair marke:t �-•: _.
<br /> : � ' ;, � dian the amount of the sums secaaed by this Security • -T�'
<br /> valae of the Ptopeity immediatelY before the ta�mg is eqoal m or gmater
<br /> lnstzwne.nt immediatety 6efose the talting,unless Bormwea and Leader othawise agree in writin&the sunns secaued by this --
<br /> s,', � . Sec:urity Insarument s6all be zedQCed by the amom►t of the pracee�matdplied by the foliowmg fiac;don:(a)tde total ainouat of ". , , ' —
<br /> . • the sums sec�ed immediately before the taking,divided by @)the faa mazicet vaIue of the Propaty immediately 6efare the .���y�:, .,;.:�
<br /> � qkiag.AnY balaace sl�all be paid m Borrower.In the event of a partial takmg of the Prop�ty in wtuich the fair market value of the ';_ ',:- .y,+.-
<br /> s`' � . . , �P�Y��Y before the tabag is te�s than the ama�t of the sums secuied 'un,n iately befOle the falc[t!$, �mt�ss .�.e.,�
<br /> - ` Barsowea and I.e�d�oiheawise ag�c in writmg ur nnless aPPlicxb2e 1aw otherwisa provides.ihe pr+nceeds shall be applied to the •'�-_;�,�—
<br /> .. . _ s�nus secured by this Sea�ritY Inst�uraent whether or notthe sums are the�a due. _"' -- .
<br /> ;:. If the Pcapeaty is ahandoned by Baauwer.or if,after natice by I.ende�r w Bormwer that the condeawor offeas ta make an `_=�
<br />� • ' �`=' � award ar seule a claim far damages.Borruwer fa�1s tn respond to Leader within 30 days aRer iha dare the notice is given,Lemdea ; �..-�:-=
<br /> ...,, _ � is authum.ed w collect and apply the gnoceeds,ai its option,e i t her m�on or r�o f t h e P m p e ri y o r t o t h e s a m s s e c u r e d ��r�':'`F-
<br /> .< . �^'�_
<br /> bq this Securily In�ume�i,whethea or aot th�due. .�- �'�T
<br /> • � ' Unte,cs Lend�and Batmwer othe.rwise agcee in wridng.anY aPPlic�On of pmc.eec)s to prfr►cipal shall noi extei►d or pasq�one :;�P �=�`
<br /> ;` `� the dae date of the monthty payments refeazed to in pa�a�aphs i and 2 ar change the amo�t of such payments. :�_�
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<br /> }. 11.Borrow�Aat Reteased;Forbearance By Leader Nat a Waiver. Extencioa of the time far payanent or modifiratian -
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<br /> � ; . • of amort�tion of the sam4�by dris Seciurty Insuu�me�t granted by I.e�der ro amf successor in interest of Horrower shall --
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<br /> � � not operate tn release the lisb�'scY of the original Borrower ar Bomower's successors in iaterest L.�der sha11 not be required tn ; _
<br /> . . ` cummence pmceedin8s agains��Y successor in interest or n�fuse to extend time for payment or otherarise modify amarti�atinn of ;;Fl„; . °.-�.--,•
<br /> � ` the y�ms se�d by this Serurity�uuument by reason of any de,mand made by the origmal Borrower or Bosower's saccessors . ;.�
<br /> '•��= • • in inte�st.Any forbearance by Leader in exercising any right or remedy shall not be a waiver of or pr�lude the eaercise of any � `-:l+,�.
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<br />_,:;�-:•. .. rigbt or rra°edy . ,;"�`�
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<br /> 12.Sncceseors and Assigns Bo�d;Joint and Several Ltability;Co-siguers.'Ibe oovenaz►ts and agreameais of this .�,_.
<br /> � �� Seamijr Insuument shall bi�d and benefit the saccessors and assigns of Lender and Borrower. subject tu the provisions of ; . ',,y�-=-
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<br /> � P�Pb 17. Bonower's cove�ants and agreemeats sl�aall be joint aad seveial. Any Borrower who ca-si�s this Seaaity � �.ID.,.,-
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<br /> • ' Instiume�tt but does noi exewte the Nat� (a)is co-si8ning t�i� Secu�ity Insmunean only�o martgagc.grant and cunvey that : �-
<br /> ' Borrower's inter�s in the Propesty und�the terms of this Seciuity Inswmenx(b)is not peasonaliy obligated w pay the snms ��.:.'��
<br /> '' . ' ' secaretl by d�is S�atitY I�wmen�an d���agrees t b a t L e n der an d a ny o t h e r Bomawer tna y a g r e e w extend,modify,fosbear or . . . '' ;*�
<br /> ` • make any sccummadations with regard to the terms of this Security Insuument or the Note wiWout that Boaower's consen�. . ..;,;��;:
<br /> . • . � 13.Loan Chargea If the toan secured by this Serurity Instrument is subject w a 1aw which sets ma�wnum toan charges, . z�
<br /> .. . ,' and that law is finally intapieted so that the mtcrest or other toan charges oaltected or to be col�ected�conneqion with the loan . .
<br /> ' exc�ed the p¢�niue�limits,then:(a)any such loan ch�ge sha11 be reduced by the amoimt necessary to reduce the cl�arge w the � •
<br /> � � permitted limit;and(b)anY sv�ns alreadY wllected from Borrow�which exceeded penniued 1�its wU be refiwded to Botrowe,r. , �•� �;.. : �.
<br /> �.:, :' � Leadea may chaose tn make this refund by reduc�g il►e principal owed under the Note or by n�g a direct payment w � � �
<br /> ,. . .. Bom�wer. 1f a refund reduces principai,fhe reduction will be treatcd as a parual PrePayment without any prepayment cl�arge .
<br /> � under the Note. '.
<br /> ' � 14.Nottcea Aay notice tn Borrower prnvided for in this 5ecwity Instrument shall be g,iven by detivering it or by mailing it �
<br /> � by fust class mail unless applicable law requires nse of another method.77ie notice shall be directed to the Property Address or
<br /> � a-ny othe�address Borrower designates by nodce tn l.eatdc�.My notice to I.ende,r shall be given by first clasv mail W Lender's � ..
<br /> '� � � address staicd haein or any other address L.endcr dcsignates by norice to Bmrower.Any notice provided for in this Seauity . . .
<br /> ' Insuument shaU be deen:ed w have been given to Borrower or Lender when given as provided in this para�rapb. . . �
<br /> ' � IS.Governi�g Law;Severability. 7hLs Secnrity Inswmcnt shal! be govemed by federal law and thc law of the . � ,
<br /> -• ._ ( j�r�sdic6on in which the Properiy is Iacated.ln the event c.5at any provision or ctause of this Security Inswment ar the Note . : ,�
<br /> cu;iflicts with applicai�2e 1aw,such wntlict shall not affect other p�nvisions of this Securiry Inswment or ihe Nore which can be
<br /> .�. given eHect wirhout ihe wnflicting provision.To this end the pravisions of this Security Inswment and the Note are declared to
<br /> : ' • � be sevcrablc. •
<br /> .� � � Form 3028 O/90 ... .
<br /> � �_ �j �-eR(NE)tsz+z).oi aageaoie �n�tiaie:
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