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<br /> � . payments may no tonger be�eqoired,at the option of Leader,if maitgage m_�_�cw�e�age(in the amount aad for the period ' , :< �
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<br /> �� , tDat Leader re4uires)Fm v i d e d by aa i a s u r c r a p p rov e d b l►Leader a��mes ava�able and is obtamed.Bosower shaII PaY thc .. . r .
<br />-_ �. pmani�mns reqs�ed au maintain mostgage msvrance in effect,��Frovide a loss reselve,antil the requfreaient for mortgag� - .
<br /> . insa�anoe�ds m acoordance with anY wriur�ag�e�►ent betweea Bairower and Lend�r ar app}icable law. � _ .
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<br /> � � 9.Inspec�on. Iender or its ageat may make reasflnabie enuies upon ead inspeaioas of the Prope�cy.Lender shall give�
<br /> ' - .. . Boirower n�ice at the time of ar prior oo an inspection specifYing�°able c�se far the inspecaon. y� _:_c. , ;__
<br /> = -- --- :=- !8.Coad�n�attoa. The pmoeeds of any award or clsim for damaBes.direcc or conse4uenti�al. in conne�aon with any� ----- --`_,_
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<br /> � • vondcm�rarioA os other�g of any part of the pivpeity.ar for conveyance in lieu of candemaation.are heccby a�igned xad� , °,�� �
<br /> � st�all be paid to I.ea�der. ���plied w the sums secured by tdis Secmity Inswment� .
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<br /> {" ' In the eveat of a w1a1 taking of the Pmpeaty,the psoceeds m vvbicb the fair markeh► - . ,
<br /> ' wheth�or�t theA due.withb anY excess Pa�d t�Bormwa U the eveat of a partial taking of the Prapeny� .
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<br /> <`� � � value of the Propetty;mmP�t�ately befo�e tlte teking is equ21 to or gte2L�r d�eu the amouui of the sums sectued by this Secutity .. ." '
<br /> . . InsVUment immediatetY befoie the tatcmg,anless Bonowea and L,ender othe�arise agree in writ�n8+�smas s�bY� �` ?'�,:
<br /> Se,cariiy Insaramsnt shall6e redaced by the aaaovnt of the pmce�ds multipli�by the following&action:(a)the wtal�rnmmt of •. � :.
<br /> fair market value of the Praperty immecIiaDe1Y 6efore the � �"'-'.;�
<br />.�<� , ' � the smns sec�ed immrdiat�Y before the taYmg.divided by(b)d►e .��' ;;_ •
<br /> . . - �g.Any balauce sball be paid m B�rowea.In the event of a pa�ial takin8 of the Prageny in which the fa'a market value of the ,, � �;;_�.�-�_
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<br /> . pmperty ImmediatetY before the taking �s less thm►the amoimt of the sum4 secared immediately before the taking. unless , ';,'.'
<br /> ``'' Bormw�aud Lendea otheavvise ag�ee. the sUall be applied ro the , �
<br /> ' m writing or unless applicable 1aw adtetwise pmvides. P� �",-
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<br /> �'"� � `- sams seaaed bI►this Seauit}►Insaameut whethel ar noi the sums are the.n due. r_�,
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<br /> ,, . If ihe picopertY is ahandoned by Borrower,or if,aftra notice by Le,ndea tn Boirow�that the condemnor offeas to malae aa _ ' �`_
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<br /> ��: . . aw�d or senle a ciaim for damagc9,Borrower fa�s to respoad w I�ended within 30 days aft�r the date the aotice is givea.I.eadea : .i--
<br /> , is suthari�d oo calIect aad apply the pmceeda.at its aption,eishei w r�ation or rapaa of the Prnperty or m the anms sewred .�-�. � :��_
<br /> Ia�ment,w h e Wea or not tben dne. �:� ' �,�-
<br /> � � � by this SeauitY hcatiaa of pcoceEds to princiapal s1�aD not extend ar posqtone -�`
<br /> Unless Lemdea and Boimwer othernise agcee ia wriung,any app' 1 xten
<br /> 1 and 2 or chanBe the araoimt of sac6l�Y��� �,•�;�`.'`"
<br /> - , the dae date of the montWY PaYm�s refe�ed to m parag�aphs ,�• . �:a�.i,�":
<br /> _ ;..:- .. . ..., u.Borrower Nat Reteased;Forbcasance Bp I.eader Not a Waiver. E�cteasion of the time for paymeni ar modi&carion •-�;;
<br /> �'`�`: - b this Seauity Iastrumeat�anted by Le�der W any successor a►interest of Bormwer shaD - , ;�_
<br /> h..:, � , ' of amnrd�atiun of the sums sec�ed Y �R;
<br /> noi opeaate w ret�e the liab�i�y of the origival Bouower or Bor�ower's saccessois ai interest.Ix�der shall not be requued to ; , „r,,--
<br /> ``:,� comme,ace Pmce�inSs a�s��►Y S°��r m mteaest or refuse w extend dme for payme,nt or oiherarise modify amo�oa of �f�t-.,_� '
<br /> '',` � the smros sec�'��d by this Seauity Instmraent by reason of any demand made by the original Barmwer ar Bmmwer's successoYS ' ��_-.
<br /> � Leadec in exerasia8�Y ri8ht or rcmedy shaII uot be a waiver of ar preclude the exea�cise of aay +,,;,T.-,
<br /> . � � , m�niere.st.AnY forbe�ance bY ,- . _ - ,�-
<br /> ,.. , rightorremedy. e�'ite covenants and agreements of this . ,° �-
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<br /> !Z.Sacoe�ors and A�g�Bo�d;Joint aad Several Liabi6ty;Co-signe
<br /> � 5eauiry Iustrument shall biud aad b�r+e�t the sac�ssors and ass�gns of LRnde�and Baaowea, sub�ect to the pmvisioas of � _,�'
<br /> � � • para�ph 17. Bo�we�'s wve�t4 attd ag�ments shall be joint and sev�al. Any Boirower who co-signs this Security Y� :
<br /> Instrwnent but daes not execute the Not� (a)is c.o-si8ai�►8 this Se�usiry Instrument oNy to�nortgage.Srant and c�AVey t�t . .
<br /> - . Batmwei's interesc in the prepeRy t+nAer the trxms af this SecuritY Inso�amen�(b}is not Qeisonally obligdted to pay the sums ;� �,
<br />_ . � sec�ued by this Semrity Ias�umea�and(c)a8te�that I�euder and any other Ba�ower may agree w extead,modifY,forUear ar . ..,..:�,, _
<br /> ' ��y�mmpdalions arith regard to the terms of this Se�uriry Ins�umentor the Note without tLat Boaowea's cunsent "�-:',:_::��_
<br /> � 13.Losn C b a r ges. 1f the loan seamed by this Secaairy Insuument is subject to a taw which sets maaimum loan charges, : , c r�sy.-
<br /> ' , and t0at taw is fma11Y mterpreud so that the interest or other loan charges collected or w be coueaed in connec6on witt►the loan ,• _�
<br /> ;�`� . �• � ' cxceed the peamitted limits.thea:(a)anY sucb inan charge shaD be tednced by the amonnt necessar5r to redace the cLarge w the � , `;;.��'a"_.
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<br /> • . penaitted llmi�and(b)�Y�atready collectcd from Botrower whicb exceEded�nniued limits wU be refunded tu Boirawer. �: . . . .
<br /> '��.'. Lendet may choose w maIce this refa�d by reducing the princlpa�owed �mder L'�e Note or by making a direct payment w ...,.. .
<br /> . . Bomnwer. If a refnnd reQuces princi�21.the reduqio°w�l be ueated as a par�al prepaymwt without any prepayment ch�ge .
<br /> � undea the Note. . .
<br /> 14.Noidcea. Any ncace tn Bolmwer provlded for in this Sec�uity Instnunent shall be given by delivcaing it or by maSl�g it , ' , :
<br /> . � by first class mail nnles.s�pficable Iaw requires ase of another method.The notice shall be directed to the Property Address or . .,
<br /> ' any othea address Honower desi�ates by notice w Lender.Any notice to Lender shall be given by first class mail w Lender's,_':
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<br /> `� � r address staicd haein ar any othet address Lender designates by noticc to Borrower. Any notice provided for in this Security..� .. .
<br /> : � Instrwnent shall be deemed w have been given w Bo�rower or Lendea when given as provided in this patag�aph. . _ . .
<br /> `.�?:`.° � 1S.Governiug Law;Severebility. This Security Insuament shall bc govemed by federnl iaw and the 1aw of the . .
<br /> �� jurisdicdpn�which ihe Property is lacated. In the event that any pmvision or ctause of this Security Insuument or the Note :.,,
<br /> • conflicty with applicable 1aw.such conflict shall not affect other�rovisions of this Security Insuument or the Note which can be ,
<br /> given effect arithout the conflicdng provision.To this end the provisions of this Security lnstnunent and the Note are declared to
<br /> ._. be sevcrable. � . .
<br /> •. Fo�m 8028 9/90 `� ,
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