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<br /> ' ' `•J� PaY����Y no longer 6e�equired,at tt�c opuoa of LeAder,if mortgage iasurance cov�age(in the amonnt and for the p�iod 4 . .
<br /> :1 that i�ender requues)pmvcded by an�appmved by Leader agaia becomes ava�able aad is obtained Bormwer shall pay the
<br /> premiums reqnired to maintain mortgage iasurance m effect,or w provide a Ioss resea've,unt�ihe reqnacmeut for mortgage �
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<br /> � � ir►c�,.an�euds in aocasdartce witL any writt�agreement bemreea Bosmwea and Leuder or applicable taw. ,
<br />- _ - ' - - 'l 9.Inspection Ixand�r or its ageat may make rea.sonab2e en�irs upon aad inspections of the Pmperty.Lender shall give � - -----. -
<br /> � . � Banower notice at the dme of or piior to an inspection specifying reasona6le cause for ahe mspection. �' . " - `
<br /> , . . 10.Coademnation. The pmceebs of any awazd or ctaim for damages,daect or coaseqaeatial,in oonnectian with aay ' - � .
<br /> � coademnatinn or ather takmg of any part of tLe Propexty,or for canveyance ia lieu of candemnation,are hereby assigned and � `�� � .'
<br /> sha116e paid tn I.ender. . ' : �:��. •r:
<br />�,� , � • In the evwt af a wtaal taiting of the Pmperry, t6e proceeds s6aI1 be apptied oo the sums secured by tiris Seauity lnstrament, � ,:� :�: `'
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<br /> .' • ` whet�er or not then due,wit6 any eacess paid to Bormwer.Tn t�e eveat of a jra�tial takiag of the Pmperty in wbich tbe fau market ..�.
<br /> � �� valae of the Property immediately before the takpng is equal tn or g�ztea than the amo�mt af the sums sec^_�by ttus Security �:,,.i:,�<._
<br /> �, ; �...`:
<br /> :;` � ' �. Instrumenl immediately befoie the tattir►g.watess Borrower and Lended otherwise agree m writing,the susns seaued by this ' '�=� ,�
<br /> z ` � ' S�Instrumeai sitaD be reduced by tbe smount of the pnoceecls multiplied by We foIIowing fiaction:(a)the tntal amount of � . ��r;g.�-
<br /> � -
<br /> -; ' the sums secured immediately before the�ig, divided bY N)che fair market value of the l�eny�mediately before the '_- .• �",
<br />.:; . . • takmg.Any balance shaI�be paid to Borrnvrer.In the event of a pattial ta�g of the Pmperty m w9�icb the faa market wdtue of she .�.=.,�'�:;
<br /> :� • '� P r o P e�t p i p�m e d i a t e l y h e f ffi e t h e t a t�g i s l e s s t L a n t h e a r coant of the sums secvred i��;�'P�•6efore the ta�ing, nntess ;t. .. �. `,`.•L��::
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<br /> • ` Bmrower and Lender otheaarise agr�ee in wcitn►g or untess appficxble law oth�rise provides,tha pmeeeds shall be appHed tn the �, ��';�-.-=
<br />'`.� ` ,a sums sec�ed by this Seauity 1ASaumeat whethea or not the sums are then due. f , . : • `��;-
<br /> If the Properiy is abandoned ty Borrower.or i�aftea aotice by Lender to Bmrower t6at t�e condemnor offers w malce an '..'-.r'- =�,�>�'-
<br />}' - award or seule a claim for damages.Bormwer faiLs to respond w Le�dea with�30 days after the date the notice is given,Leader r' ���.
<br />_ � is suthorized w coUect and apply the proc.eeds,at its option,either w reswralioa or repair of the Propeaty or w the som9 sec�ued , . . °;;;:��'�::�-�
<br />_•� ,. � . . � by this Security Instrument,whether or not thea duc. ` . ;���`:'�-;`
<br /> . Unless I.endea and Bomnwer othecaise agree m writimg,any application of pmceeds w prmcipal shall noi extead ar postpone '' .� `. �.�.�:
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<br /> ., the due date of the momhiy paymeats refecred w in hs 1 and 2 or chan e the amoant of sz+ch paymeats. �. �,�_ �
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<br /> �*�:;.'• il.Borr�awer l�tot R�leased;Forbearance Sy Lender Not a V�siver. Fa�teasion of the i+me for paymeat or modificapnn • ` •?�n�eR•
<br /> ` of amortv�UOn of the sams sec�ed by this Seca�rity Insuument gtanted by Lendea to any successur in interest of Borrowea shaU � 1'•.'�•.'`
<br /> , �, �,,, :
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<br /> , • not ope�ate co teIeass the liab�7ity af the original Borrmuer or Borrower's successois in inteaest.Le�eder shall not b�requacd to
<br /> � . � commence pmceedings against any snooessor in�terest or refnse to extend tnme for gayment or atherwise modify amorti�a6on of � ,�_F%-'
<br /> ' • the snms se�ed by this Security Instrument by reawn of any demand made by the original Bmrowex or Borrower's successors ,.';;:;`'-:.
<br /> lJ � .�V�t�,fi�.
<br /> < � in interest My forbeaiance by Leader in cacercising any right or remedy shall not be a waiver of or preclude the exacise of any - : �a,_,;
<br />_-"", ' right or remedY• ..,'._F 1�' ::==
<br /> • IZ.Sacce�ssms aud A�3gus Banad;Joint aad Several Liab�7'�ty;Casigners. The cavenants and agree�neats of this =;�;��.`�
<br /> . . Seandty Tns�ument shall bind and benefit the successors and assigns of Lender and Bomnwer, subject to the pIavisions of . � `'"-
<br /> ;•• paiagraph 17. Barrower's covenant�and agreements shall be joint and sevecal. My Borrowea who co-si�s this Securiry • �`,..
<br /> � r, Insuument but does not eaecute the Not� (a)is co-signing this Seauiry Ingb�ument only to mortgage,g�ant and canvey that _ �+.�_
<br /> • � ' Borrawer's interest in the Propaty under the tenns of thiv Security Instrumeax(b)is not pe�sonalty obligated to pay the sums ,...� . =
<br /> - .. . ' secured by this SecUriry I�strumea�and(c)agrees U�at Lcnder and any other Borrower may agee w eate,nd,modify,forbear or i� _==
<br />: . . � � maice any accommodations with regard co the terms af this Securiry Instrument or the Note without that Borrower's consen� .. , . .�,���
<br /> 13.Loan Charges. If the loan sac�ued by dtis Secnriry Instrument Ls subject to a law which sets maaimum loan charges. .�"�:` =-
<br /> .,;�. �� and ihat law is fmally interpreted so that the iate�rst or other toan charges oollected or to be collected ln connecaon arith the loan : -.t ' .
<br /> :3 exceed the penniued limitg.then:(a)any such loan chsuge shall be mduced by the amount necessary w reduce the charge to the . . .
<br /> • �� peirniued limit;and(b)any sums already oollected from Borrower which exceeded permitted limits wiU be refunded to Borrower. .
<br /> . Lender may choose w make this Yefund by reducing the principa]owed ander the Note or by maku�g a direct payment w : � �
<br /> -. Barrower.If a relnnd reduces principal,the reduaion will be treated as a yarr�al piepayment without any prepayment charge '
<br /> . under the Note. ` ��.. ,
<br /> •�.�_ 14.Notta�. Arry notice to Borrowet provideA for in this Security Insttument shall be given by delivering it or by mailing it � ', _
<br />� by first ctass mail unless applicable law requires use of another method.7t►e nouce shall be directed tn the propeaty Address or .
<br /> , any other address Bo�rower designates by nodce to Lcnda. Any notice w Lender shall be given by fust class mail to Lender's - � .: �
<br /> � .' address stated herein or any other address Lender designates by nodce w Boaowcr.Any notice pmvided for�this Security • .
<br /> lnstrument shall be decmed to have been given to Boaower or Lendcr when givcn as provided in this paragraph. � . .
<br /> IS.Goveroing Law;SeveraDilitq. 'Ihis Security Instrument shall be govemed by federal law and thc law of the . �.
<br /> ' � ,� jurisdicdon in which tha Property is located.tn thc cvent that any provision or cla�se ot this Sec�uiry Instrument or the Note
<br /> conflicts with applicable taw,such conftict shaU not affect other provlsions of this Sectulty lnsuument or the Note ahich can be
<br />:� ; g�ven effect without the conflicting provision.To this end the provisions of this Security lnswment and the Nate are declared to , •
<br /> j bc severablc.
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<br /> ,�.� • Form 302D 9/90 �
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