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<br /> ' 1 •' R�.•�V��1i �0�iv�v er is o�e r,L +._
<br /> S payments may no longer be required,at d►e oprion of Leader.if mongage insurance wverage(ia the amount ar.d for the geriod �
<br /> - 1Lat Lender r�quires)pmvided by an insarer aPProved by Lender a�ain becomes available aad is obtaa►ed.Borrower sS�all pay t6e � ,
<br /> P�nmc req�red to maintain moztgage insurance in effect.or tn provide a toss mserve,until the requirec►►ent for mortgage #. ' •, , _.
<br /> insurance ends in accordance�vith any written agreemenc be�arcea Bortowa and Lencler or applicable law. � ,
<br /> 9.In�on. Lender or its ageut may make reasonable ea�tries upon and inspections of the Property. I.ender shall give -
<br />� Borrower notice at the time of or prior to an�un sp�ifyu►g reasonable cause for the inspectinn. s
<br /> 10.Condemnation. 'I�e proceeds of any award or claim for damages,direct or consequeatial,in connecaon v�ith any i;
<br /> condemnation or other talring of any part of the Propeaty,or fos�onveyance in lien of condemnation,are hereby assigned and � . ' ,
<br /> �
<br /> shall be paid to L,enda. . .. .
<br /> In the eveut of a total ta�ing of the Propeaty,the Pmc�eeds s�.aIl be applisd ro the sums secured by this Security Instrumeat, E . ,
<br /> m�eeds
<br /> wh��not then due,with any eAV:.�paid to Borrower.In ti�e e1rnt of a partial ta�ng of the Property in which the fair mazket r ,
<br /> ' val�e.t�te Properiy immediately C��e the taking is eqaal w oi�tham the amount of tt►z smns secured by t�is Security ._ _:.
<br /> Insuom�t immediately before the�g, unless Borrowea and Lender otherwise agree in wriimg, the sums s�by this . .' ,
<br /> • gecurity Instrument�Il be rednced by the amount of the pmceeds multiplied by the followumg fraaion(a)the wtal amount of • . . :�
<br />' the sums secured im--+��atply�ole th6 i2ki11$,divided by N) the fair market value of the Fcoperty immediately before the : < < �..,:-�:�,;,.'�:_�
<br /> talring.Any halance shall be paid to Boirower.In the eveat of a�al taking of the Property in which the f�marlcet value of the . << ._�:f�,-,r�:_:::,_.
<br /> :.� . : . • ..:s;.
<br /> ` Pmpercc �ediately before the taking is less than the a�eant of the sams seaued immediately before the tal�g, nnless _;,-. :,:°' • ;'.:�
<br /> Borrowex aad L.aidez cxhe:wise agcea in writing��.kss app'�le law othe�+ise pmvides,the pmceeds s�+atl be apg�i�the _ ,. _;,T,s-:-,�:-r,
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<br /> � sams sec�ued by t�s S�sity Instn�meut whether es:�t the sums are thea di:,:._ • ,.,�<<;:: . '-;;;'=�:�::
<br /> �a _ .
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<br /> If the Property is a'�ndoned by Bozrower,or ff after notic�by L�ender to Borrower thai the condeffinar affe�s tfl malce an � . ,��.�f.`:".� i�,=..
<br /> award or settte a claim for damages,Borrower fails w respond w Lende�r withu►30 days aft�the date the notice is��,Lendes :;,.: •: f�.;�::-
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<br /> OI t0 the�..'"".y5�Cd ' '=4�;••` � !�_
<br /> ' is authe�to collect and apply the proceeds,at its optian,eithrs w msroration or repair of the ProP�S' ,,j;s••. - ��: '
<br /> . by this Securitp Insuumeat,wGethea or not then due. . .. .� �;Y
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<br /> . Unless Lender and Boirowear otheawise agree in writing,anY apPlication of proceeds to princiPal shall not extEnd ar gastpone • , �; .
<br /> the due date of ths mo��lY payments ref�red to in paragrapl�s 1 and 2 or change the amount of such payments. �- a t'
<br /> Il,�gorrowWr rlo4 Reteaset"1;Forbearanc¢By Lender Not a Wai�er. FxGansion of t&e time for paymeait or mndi�cation ' • �tr'•�'�•
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<br /> .. of amrrt;,,.=r.nn of th.s sums sec,�'ey this Security Instrncuent�ranted by I.eader w any saccessor in intere.st of Ba�ovrea shaU �. .��r:,��f�' �: :_'�'•:;.
<br /> � not o�to nle�t�:,liab�lity o.�he original Borrow�ar�rower's successors in interesl.I.ender shall aot be r�nired w � ,���5;��.
<br /> :� commeuce pmceed'u=3��,`ainst aay successor m ffitrrest or refi�:to extra�d time for paymeru or otheiwise amdifY amoiuzation of .-;a^�•. .,.��;:,-
<br /> fi,�
<br /> t h e sums seaued b y t�is SesuritY Insuument by c�n of any d�mand made by the ariginal B6rrowea oz Buaower's successois . �. "-
<br /> ' in inteaest Any foibeaJance by Lendea in exeacisu�g any rigLt oz remedy sha11 not be a waivea of or pru tu de t he eae�ise o f any � � l;� �- ,
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<br /> Ilgylt OZ tCIDCdy. ���:t.•.g
<br /> 12.Saocessors and Assjgns Bouad;Joint and Severa!L���ity. Co-signers. The wvenants and agreements of ttis :.e�f. �1l ;:
<br /> gemrity Insuumeut shall bind and benefit the soccessors and asssigns of LRnder and Borrower.subject w the pmvisions of --:• .:
<br /> a �j
<br /> parag�apb 17. Boimwer's coveaants and agre�mznts shall be jomt aad severaL Any �orrowa who co-signs this Seattity .'. _ [: . .�
<br /> " Instmment but dces not execute the Nots: (a) is co-signing this Sec�aicy i.ui�wu�id only to r a ortgage.�an t a n d c o n v ey t h a i -'�"^�^"�';'�
<br /> Botrower's interest in the Prop�ty under the trams of this Se�uity instr�nsax(b)is not peasonally obligated to pay the sums �p ay�
<br /> ' secured by rhis S�uity Ynstrumea�and(c)ag�ees that Lead�and any other Bmrawer may agtee to ext�d,modify.foz�ear or - ,^- ���t°_,,,"�
<br /> ' make any accommoda�ons with regard w the terms o�this S�'lnsuuraent or the Not�witts�pt that Borrower's conseni :.;;n?;;�-;
<br /> , 13.Laan Charges. If the laan secured by�ris Se�nrity Iasm�ment is snblect w a law,�Ihich set�mnximum la�c�arges. ..�t�*�.LL-�- -
<br /> ' and that law is finaUy inte.rpreted so that the mt�est or othea taan charges colleaed or to be co4e�1 ia oaQmeaian wi�the toan . _ _
<br /> exceed the p�mittsd I�its.then:(a)any sncb loan charge sha�be rednced by the amaunt n$cessary ta ceduce the c�.�w the :''•�;�.7,� _
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<br /> ' pe�miued limi�and(b)anY snms alreadY collected fiom Borrawer wtuch exceeded p�miffe�limits a r i l l b e re f u n d e d w�s�r oaea. . ,:,,s;�,;:v.:�
<br /> ��:•+40;, .s
<br /> Lender may choase tfl make this�fund by reducing the principal owed �mde,r the Note or by malang a d'uect payment to ' .:•:�.,.�,��,,,�--�
<br /> � Boirower. If a refund reduces prmcipal.the reduction will be ueated as a pactial PrePaYment without�y prepayment ch�ge ,.,... �—_
<br /> undet the Note. :`;'��`�
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<br /> � 14.Notloes. Any notice w Boaower provided for in this Sxurity Insavment shall be given by delivering it or by mailing it ,. r
<br /> '. by first class mail untess applicab2e taw requires use of anoti�raethod.The aoflce shalt be directed to the PraPertS+Adldress or '. .••.
<br /> • - any other address Bmrower designates by notice w I.ender.Any notice tn I.ender sha11 be given by fnst class mail to T.ea�der's �':t N.:..,.�.�!'�':
<br /> ` addresy stated hercin or any othea sddress Lende�designates by notice w Borrower. My notice provided for in this Security • �� y� . _
<br /> Instrument shall be deemed ro have been given tn Bomawer or Lender when given as provided in this paragraph. ... -
<br /> 15.Goveming Law;Severabilitq. 'Ihis Security Ins�r�t shall be govemed by fede�ral 1aw and the law of the , . . . � _
<br /> � � • es locared. In the event th�s any provision or clause of this Security Insaument or the Note ';�';:, . .
<br /> jius..c�nc�an ui which the Property ' . .
<br /> � canfti�':s with applicable 1aw�such a'�nflict shall not affect othe�r provisions of this Security Inson�ment or the Note wttilc�can be �. ::� �; ..
<br /> . given effect arithaue e,':e canflicdng pmvision.To this end the pravisions of this Security Insuumxnt aad tt►e Note are dectared w .. . , • •
<br /> � be severable. � � . �
<br /> Form EU28 9/90 ��
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