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<br /> � ,� .'.� paymeats may ao ionger be required.a[the option of Iender,if mortgage insurance coveiage('w the amount and far the pc�iod � . `. -
<br /> that l.euder requ'sies)provided by aa i¢SUrer appmved by Leader again becomes ava�abte and is obtairtod.Bormwer shaU pay the � _ , �
<br /> . preminms req�aed w maintain maTtgage +*+�,�++ce m effea.or to provide a foss reserve,until the cequirement far mortgage � .
<br /> - ._ .;•�c insurance eads in ar.cordance wiih any tvrivEn agn�ment beiareea Boaower and Leadea or applirable law. . � -
<br /> � — 9.Inspectton. Lender ar its ageat may make reasanable entries�on and inspeaions of Me Froperty.I.ender shall give� . ..�___u _�: :�
<br /> • Boirower aotice at the rime of or prior to an insPecdon sPecefying reasonable cause for the inspec�ion. — �-'-- — '-, •"
<br />: 10 Coademna4ton. 'Ihe of att award or ciaim for : 4� "
<br /> Pt'oceeds Y damages.d"aect or oonsequentiaj, in conuectinn with any� .�'�
<br /> � c�nd�natinn or oth�raking of any pan of the Prope�ty.or for conveyance in tieu of condemnation,are hraeby a�sigAed and • . �
<br /> � shall be paid w I.eader. 1� _ : .
<br /> , . � In ttte event of a wtal taIang of the Pcoperty,the pmcecds shall be applied m the snms secured hy this Seauity Instiument, ' •�t*
<br /> - . . whqher or not then due,with m�y ea�cess paid ro Bormwer.In the eve.nt of a patrial taking of the Property in wliich d�e fair market � �-' �" �;-
<br /> IC �
<br /> :'.L.' ��(" ':-,.
<br /> , v a Iae o f t he P r o p�rly iaim e d i a t e l y b e fore t h e t a t d ng is equat to or greaser t1�an the amo�t of the snms seaued by t6is S�r � -. -�.-•�.,`•
<br /> - Inswmeut immediatrdy before the talting, unless Borrowe�and I.�der otherwise agzee in wrimig,the svms secured by tbis � ' . . , .��• -.`�
<br /> . , � . Seauity inswment shalt be reduced by the amount of Ihe proceeds mWtipl'red 6y the follow�g 6aaron:(a)the total amo�mt of . - ' -���-=
<br /> � the sams sec�ed immediateIy before the takmg,divided by(b)the fair market valae of the pirop�ty immediaieIy before the —
<br /> � _ ` tat�►g.Any balance shaU be paid w Bormwei.ln the eve�t of a p�tial�Icing of the Propeny in w6ich dte fair mmrkct value of ti�e ' ����
<br /> �� . � y. Pmperty immediat,ely befoce the taIong is less tban the amoimt of the sums secured immediately before the takmg, antess . - --
<br /> . ,' .� Bormwer�sd Lender oikerwise agree in writing or�aie,ss appticabie iaw otheawise provides,the piaceeds shall be applied w the ___._
<br /> � � ,_:� swns sec�tted by this Se�ity tnswmea�t whethea or nat the sums are thea due. ` .
<br />. . - If tke Property is ab�doued lry Borrawer,or if,after notice by Leader to Bmiuwex t6at the wademnor offe�s tn make an '`� ' _: ���i
<br /> award or seule a ctaim for damages.Bormwea faiLs tn respond to Lender wittin 30 days after the date the notice is given.L,enda '••'� ��
<br /> • �' is author�ed w colIect and apply the proc�eeds,at iis option,either ro zesmration or rep3ir of the Propeny ar w the swn4 secared ; , ;.��-��"..�
<br /> , :, by this Se�rity Instrument,whethes or noi then due. �'� .' �' ��'���
<br /> G�,
<br /> _ �, . . Untess Lender and Bnnower othera�ise agree in writing.anY xPP��ion of pmceeds w pra��ipal shall not extend or postpone �,. �`��_'��
<br /> �• the due datc of the monthty payments iefeared to in hs i and 2 m chan e d�e a�rnount of sach ��''.'��`�`
<br /> Ef P�S�P S Pa3'�eats. � �,,,:
<br /> ' 11.Borrower Noi Released;Porbearance By l.ender Not a Walver. �on of the qme far payment or mo�fr�on � �`��'*�`-�"
<br /> { . •. .�`;��,i�;;:
<br /> i � of amortir�na of We surns secwred by ttus Se�rity InsEa�t granted by Leader rn any succes�or in intere.st of Bo:mwer shaD .
<br />_ ' not aperate to retease the liability of the original Bmrowzr or Bouowe.r's successots in intrdest L.ender shaU not be reqnired w � :;';=�f�=.
<br /> _ commeuce proczedings against any saccessor in interest or ref�se to ext�d tfrne for payment or otheiavise madify amoidzation of ^���`•
<br /> ' . .1 . �_..�`��Y'.
<br /> , � the sums secured by this Se�urity Insorument by reason of any dwnand made by the original Borrowea or Bormwer's successors • - ;��:�.:-
<br /> , in iat�rest My forbearance by Lend�in exeacising any right or remedy shall not be a waiver of ar preciude the ea�ise of any •,�� '�. ���r ��'
<br /> ' . righs or remedy. � . .�.•��� �,,
<br /> ;�<<;; �
<br /> . 1Z.Snccesso�and Bound;Jotnt and Seveea!Liabili ,Co-s' era 1he covenants aad .:::-��� .•'�.�:.� ''���"
<br /> �� tY' � agreernents of this ..�
<br /> � • . Security Ins�ment shaIl bind and bene6t the succe.csors and assigns of Lea�der and Bomnwer,su6ject to the pmvisions of . . �` �=::
<br /> . paragraph 17. Borrower's covenants and agceements shall be joint and several. Any Borrower who co-signs this Security �. ' ."` �'=+�=
<br /> _• Inswment but does not execute the Note: (a)is co-signmg Wis Securiry Insdrument only w mortgage,grant and convey that . � � � ,�y";r�
<br /> Borro�rer's intcaest in the Aropeaty undea the terims of this Secauiry Instrumenfi @)is not peasonally obligated to pay the sums . � • ��•„�,=
<br /> `� secured by this Secu�iry Instrumen�and(c)agrees that Lemder and any other Borrower may agree to extend.madify,forbear or � � , x�"`
<br /> � � make any accommadations with regard w the t�ms of this Security Insu�unent or the Note withont that Boirowe,r's consent .. ..`�`
<br /> , 13.Loan C6argea 1f the loan seared by thiv Secnriry 1nsOrumenl is subject w a law which setv maxLnam Ioan chazges, . :. � ��
<br /> ' and that taw is finaUy interpreted so that the interest or other loan charges coUected or to be collected in cannecdon with the laan , --
<br /> . exceed the permiued liinitv,then:(a)any such toan charge shall be reduced by the amount necessary to reduce the charge w the � • ` ' .
<br /> pennived liruifi end(b)any snms alre2dy co]2ected fmm Boaower which eaceeded peraniae411mits will be refiuided w Borrower. � .
<br /> • ' Lender may chaose to make ttus refund by reducing the principal owed urtder the Note or by malcing a direct payment to � • ' . � ��--
<br /> � . Borrower.If a refund reduces principal,the reductlon will be treated as a parrial prepayment without any prepayment charge �
<br /> undea the Note. � �
<br /> � � 14.NotIces. Any no8ce w Borrower provided for in thi�Security Instrument shall he glven by delivcaing it or bp mailing it � �.
<br />- � by fast class mai!unless applicabte taw requires nse of another method.T4�e notice shall be directed to the Pmperty Address or ' �
<br /> : .{ any other address Horraw�designatcs by nodce to Lender.An}+notice w Lender shall be given by t"irst class mai7 to Lender's . : „. ,.,:. .;.,
<br /> + address stated herein or any other addcess Lender designates by notice to Borrower. My aodcc provided for in this Security
<br /> ��� . Instrument shaU be deemed w have been given w Borrower or Lcndet when given av provided in this paragraph. • .
<br /> 15.Governing I.aw;Severabllity. 71�is Secarity Instnnnent shall be govemed by federal 1aw and the law of the ,
<br /> . � jarisdiction in which the Property ls located.In the event that any provisian rn clause of thls Sec�uity Instrument or the Note . �
<br /> conflicts arith applicable law,such conflict shall not afiect other pmvisions of this Security Instrument or the Note which can be
<br /> given eifect without the conflicting prorision.To this end the provisions of this Security Inswment and Ihe Note are declared to � �
<br /> : be scverable. . � • '.
<br /> � Form 8028 9l90
<br /> . � �•88�N�)(sz�xl.o+ vagaame � . .
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