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<br /> � .( $ insivance cov e(In the amount and for the pciiad � ;`, ,
<br /> • � s � payments may no loager be reqnaed.ai the option of Lend�,if moitgage �8 . .
<br /> _ `. �I �t Leuder reiiuiaes)Prnvided lsp an iasvrer ap�oved by Lender�in becames available and is obtaiaed.Bormwer s6a11 pay the (� �._ .:.. . • . 4 �
<br /> • . � <�' � P���l�d to mamtain mortBaBe a�uance in e.�ect,a�r w pm�►ide a loss reseave,unal the requscmem far mnng,age .A� . � .
<br /> . . � insuzanse ends�accurdaace with any writi�a agrecme�t hetweea Bosower and Ltnder or applicable law. .�. .
<br /> �
<br /> 9.Inspectlon Lxnder or its ageat enay make reasanabte eatries upon and�*+�-^-*+=of the Propeaty.L.eader shall gine � r<: : . '
<br /> �.;-._.,.T�• Botmwer norice at the pme of or priar w an inspecdon sp�if5'in8 reasonab2e canse for the u�ecaon.
<br /> -- -,'-. -- t0.Co�deasm�t�n. '!he pzaoeedc of any a�d or claim for,damages.dire�or coacequential,ia wnn�tioa with any ��t..._-:`-.' ;�-_,.
<br /> . . �t, condemnation or othea tatring of any part of the Property,or for wnveyaaoe in tiw of condemnation,are hereby assigned and � �z-
<br /> - � . � s shall be paid oo Le�der. � ,�.. ..
<br /> . . Ia the event of a rotal taking of the Property,the praceeds shall be applied w the sums sec�ued by this Seanrity Instnune�t, .
<br /> ,. . ,:1 whether a�not theo due,a+ii6 any exoess paid to Haaowar.Ia the event of a partial taking of the FmPertY in whicb the fair market
<br /> . . .`.� valae of the Pc+operty immediately before the tal�ng is equal w or greater dran the mmonnt of the s�ms secared by this Security - . -
<br /> � .. . �• � Insuumeat 6�nmediatclY befare the ta�ing,anless Borrower aad l�ender otherwise agree in wri�ng, tke s�ms sec�ed by this
<br /> . � <<�:i Sec�uity Insdument shall be redaced try the amoant of the�oceeds mWtiplied by the foBowing&actian:(a)the mtai amount of �. .N u
<br /> ° .. :r.i the sums seaued immediately bdoie the�king>divided by N)the faa m�icet valae of the Pmperty immediatety before tLe ,
<br /> �."�:=-=_:
<br /> .. � ' tal�tg.Any 6a1�ce shall be paid�a Barrower.In the event of a parrial takmg of the Propercy ui wl�ich the fair market value of the _ , ___-
<br />- � ��, ' - praperiy i�med'r�tetyr before the r�king is less tban the amount of the sums s� immediatetY befar�the tzking, �Wess --
<br /> � : Bomnwea and Lemdea otheawise agree in writmg or unless applicable law otheiwise provides,the pmceeds sLall be a�plied tn the . 4. �.
<br /> `. '� I* sams seca�cl by this Sewcit�►L�smtment whether or not the sums are tt�d�e. �_ . -:-_
<br /> �, , . If the ProPeaty'is abanduned by Borrowea.os ff,afta natice by Lender to Banower that the coudemnor offers to wake� : '''__-.
<br /> ea
<br /> :';�. awazd ar seule a claim fnr damagcv.Bom�wes fa�s m respond w I�der within 30 days after the date the natice is givca�,I.endea `` :��
<br /> .. � . �r . � _.
<br /> . . is authorized w collect aad a�pty the proceeds,at its option,eithea to resroratinn or repair of the Properry or w the swns se�ed -- . �
<br />•�� by this Seauity Tnspnm�nt,whath�or noL then due. • �-
<br /> n lic�tion of ceeds tn prmcipal shall not exteud or pnstpone .�-
<br /> Untess Leudea aad Boaow�otheawise agne in writing,�Y aPP P� . � �r-�'�`
<br /> � . ` •• the dae date of the monthty paymaits referred w in Patagrapbs 1 and 2 or ct�ange the amount o f sa c h payments.
<br /> - �t :,
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<br />_ . .'.� 1L Borrawtr Not Ret�sed:Forbearance By I.eader Not a Watver. Fate�asion of the time for payment or modifcation .._..:�`�''''`-�--.�°'•`
<br /> :r. ' � of amotti�ation of the sums sea�ed by this Security Inst�ument granied by Lender m�►y successor�intraest of Borrower shall , �:: :�'��
<br /> not ape�ate ro retease the liab�lity of the original Borrower or Bo:mwer's succe$sots in intexest.Ix�dea shaU not be requued to ,. ..,:;,,.—=-
<br /> Ix dea
<br /> .�:k<�.,�,.'
<br /> � . comme,nce pmceEdinSs agamst any successor in interest or cefase w extead time for payment or otheawise modify amort�zation of `�:t':'. �f�'
<br /> ' ' the smns secmred t+Y this SecaritY I�soramenL by reason of any demand made by the original Bormwea or Botmwds suocessors ...., „�.:
<br /> � in�temst.Any forbearance by L.ender na exexciss�nng any right or remedy sLaII a�ot be a waiver of or ps+eclu+de the eaeacise of aay • ��"�`°
<br /> i an '�:�
<br />_ .. . right or remedy. � " ; �?,:-,
<br /> ,"..:�� ..
<br /> 12.Saccessors and A�sig�s Boaud;Joint and Several LiabiHty;Co-stgne�s.The coveaants and agreeam�ts af this .` :,a•.; . �,�_
<br /> A s _—_
<br /> - � ge�ity Inswmeat shaII bind and benefit the succes.sors and a5signs of Lendear and Bonower,subject to the gravisions of ".:�. :•' ;�.:
<br /> ;,, �: ...
<br /> - �. paragraph 17. Bonawer's cove�ants aad agreements st�all be joint and sevaml. Aay Bmrowex who co-siSas this Secvrity • _
<br /> , ll .
<br />. • "� Instnuneut but does not execute the Note: (a)is co-sigaing this Seauity Insuument only w mortgage,Brant and convey that :'�:_
<br /> ,,, �A.
<br /> Boaawer's interest in the Property urider the teams of this 5ecurity Instrumen�(b)iv not peirrsonally obligated tn pay the sums . .�:;;�`-�,.
<br /> � secured iry this Seauity Instmmen�and(c)agiees that Lended and any other Borrowea may a�ee to extc�cd,fnodify,forbear or • . . { ..�;�_
<br /> . . "r
<br /> make any accommodatioas with regard w the terms of this Secavity Instsument ar the Note without that Bamnwer's consen� .•.r�__
<br /> -- .. - 13.Loan Charges. If the loan sec�ued by this Secutity Iasuument is subject w a law which sets maaimum toffi►chh�ges, - �,
<br /> and that law is t'maity inte�preted so that the interest or other Ioan charges callected or to 6e collccted in oonnecaon with the toan . '�� :
<br /> - . . .. exceed the penniued limits.thea:(a)anY such Io�charge shall 6e reduced by the amomf:necessary w mduce the cdarge to thc .. ,°'•��_
<br /> � . pennitted limi�and(b)any sums already wllected fiom Boaower which eaceeded peamitted limiis aiU be refmided to Borrowed.
<br /> � �:�•�....._.
<br /> _��.�; � I,ender may choose to make this refiuld by reducing the pm�cipal owed under the Note ar by making a direct pa}rment tfl :. ,`
<br /> � Bomnwer. If a refund reduces prinapal,the redncdon will be treated as a paitial pre�ayment a+ithwt any prepayment c,harge .
<br /> : � � � under the Note.
<br /> :`'t . 14.Nodcea Any notice to Borrow�provided[or in ihis Security Insuument shall be given by delivering it or by mailing it . _ •
<br /> . � by fust ctaSS mail unless applicabte taw requires use of another met�wd.The notice shall be d'uected w the Properiy Address o: � .
<br /> . . any other address Borrawe�r designates by rtotice w Lender.Any notice w Lender shall be given by fust class mail to Lender's "- . .
<br /> . � address stated he�ein or any ather address Leader designates by notice w Bormwer.Any nodce provided for in th�s Security ��. � .�
<br /> ' Inswment shall be deemed m have been given w Borrow�or Leader whcn given av Drovided in this paragcaph. . .
<br /> �� ' I5.Goveming Law;Severability. 'It�is Secvrity Inswment shall be govcmed by federal taw and thc law of the �' �. ' :.
<br /> •. `� ' jurisdicdon ln which the Property is located.In the event that any provision or clause of this Seauiry Insaument or the Note .
<br /> � conilicts with applicable law.such conflict shaU not affect o�her provisions of this Security Instrument or the Note which can be
<br /> . given effect without the conflicting provision.To this end the provisions of this Saauity Inswment and the Note are dec l a r e d to � .
<br /> `: - be sevcrable.
<br /> , .
<br /> , Fo�m 3028 9/90 •
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