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<br /> greyments may ao tonger be required,ai the option of Leuder.if mortgage insurance coverage(in the amount and foi the period j.
<br /> -. . . ��,� tbat Lendea�eqvaes)Pmvide�by an iasurer approved by Leader again becomes availablc and is obtained.Borrower shall pay the �_ ` -�
<br /> ' _ j premiums required tn maintain mortgage insnrance in effect.or w provide a lo�s reserve. unn7 the req�rirement for mortgage � � � .
<br /> , ;`: � incnrancc ends in accordan;e arith any wrii�n agrcement between Bormwer and Lender or applicabte 1aw. E ,' . .` . =
<br /> — 9.Inspectlon Lender or itg age�t may make reasonable enuies upon and inspexdons of the Proprary.L.ender shall give i .-----_`-�-
<br /> : , �,.. • � Boaower notice at We time of or prior to an inspec�on speafyu�g reasonabie cause for the inspecaon. ; ' ��`
<br /> 10.Condemnattoa 'Ihe proceeds of any award or claun for damages,direct or consequenpal,in connection with any f . � - �;-«.
<br /> . . ` wndemnatiaa or other taldng of any part of the Propeny,or for coaveyance in tieu of condemnadon,ar�e hereby assigned and , . �r.
<br /> � � shall be paid to I.ettder. Y
<br />- . , 1n the evr�t of a total takin of the Pra ,the shall be lied tn the swns secured b dus Ser�i L�st�nent, � �` `` �r '. �.��.:'
<br /> _ g P��l+ P� aPP Y �Y t .;. ,..
<br /> • wheihea or not then due,arit9�any excc�paid tn Boirower.In the event of a partial taking of the Pcopaty in�uhich the fair masket • =
<br /> �. value of the Pr+ape,rty immediately befine the tatang is equal w or greatea d�an the antouat of the sums s�by this Seca�rity ,: , ,'�,r�
<br /> ; � . Insuument immediarely before t6e tal�g,untess Botrowear and Lead�otheiwise agsee in wri6ng.the snms secared by this . ��f�r:'.:�.;�..
<br /> S�ray lnsaume�t shall be reduced by the amount of the praceeds m�Itiplied by We following fiacdon:(a)the total amo�mt of . :�.�=__
<br /> • ' the suais saaued immediaiely before the taku�g,divided by (b)the fair mazket vaLce of die Progeny unme�tiateiy before the ' ��'r:--'._
<br /> . � taking.Any balance st�all be paid to Bormwez.In the eveut of a partial taTsing of the Pcoperty m which the fa'a markei value of the
<br /> � Pragerty imm�iaiely 6efore the tatdn� is te�s tvan the amouat of the sums sepued immediately 6efore the tak�►g, unless . ":.•. ;.' .-°-°.,
<br /> ' Bomnwer and Leader oth�wise agree in writing or unless applicah2e taw otherovise provides,the praceeds shall be ayplied to the � . -=_
<br /> sums secured by thi4 Seattity lnstrum�t whethea or not the snms are then due.
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<br /> • ` ,.�..� If the Property is abandoned by Boirower ar if,after natice 6y I.ender tn Bm�ower that the candemnor offas tfl make an ---- ---�;`�
<br /> , . award�settle a claim for damages,Bormwer fails to respond to I.eada within 30 days after the dare the nodce is given,I,euda =
<br /> - � is antharized to colIect and 1 the , '� � ��-�
<br /> , app y proceeds at its option,either w reswration or repa"v of the Piropeacty or w the sums secuned ` ': •�.
<br /> ' � ��• by this Secu�ity Ins�ument,whethea or not Wen due. `��":. :;%-
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<br /> . _.. Untess Leader and Boaower otheswise a�eee in wridng,aay application of praceeds to p�inapal shall not ext�d or�one _ s.,•�,. . ,., -
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<br /> � , the dae date of tf�e monthty payments referred to in parag�aphs 1 and 2 or change the amount of sucb payments. �'� ' :`- ,A
<br /> il.Bnsrawer Not Reteased;Forbeareace By Leader Not a Waives. Eatension of the time for payment or modific�tion . " � "'°��.;".
<br /> ��':•,,•-_�::-.
<br /> . of amo�on of the sums secured by this Secauiry Insorumeat gcannted by l.ender to any saccessor u►i�terest of Borrower shaIl � ' -u-�-
<br /> �a �r�s�:
<br /> uat opeiate oo release the liab�ity of the original Borrowea or Borrower's successors in interesr.I.ender shall noi be required to . `' ar:y;:.�,,,
<br /> � cemmence pmceediags agaiast any successor in intaest or refuse w ea[end pme for : � . ',`''r�'�'•'�
<br /> FdYraent or otheawise modify amorti�on of - �L-�:
<br /> the spms secured by this Seauity Iasuument by reacon of any de�and made by the arigmat Boaowa or Boirowea's snccessois -. ;=-�:',ii ':
<br /> ; a. ,,:
<br /> , . in interest My forbeazance by L.enda in exercising any right or reanedy shall not be a waiver of or preclade the eaear.ise of any :_.Q;�;,,�-
<br /> . . i ng6t or remedY• • ;_�,_
<br /> 12.Successors aad A�tgos Bound;Joint and Several Liab�7ity;Co-signeis. 'Ihe covea�aats and agree�ieats of this •��r
<br /> ,. � -- . . .- , ,�.:
<br /> Security Instrument shall bind and beaefit the successors and ascigas of Lendea aad Borrowea, sub1ect to the provisions of ��� °°:':��•
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<br /> • patagraph 17. Bozrowea's wvenants and agcee�centv shall be joint and seveial. Any Sozrower who co-stignc this Sepurity ��'�•�;�__�
<br /> } ` ; Instrument but dces not e�cecute the Not� (a) is co-signing this Security Insuument oniy tn mortgage,graut and convey that . :� : ,;.rr--�
<br /> • j Bomowea's�terest in the Property und�the tams of this Security Inswmenx(b)is not peasonally obligated to pay the sums � �: �. -�,
<br /> ` . � 1 sec�ue�by dvs Security Insdumen�and(c)agrees that Leader aad any olher Bonawer may agree w e�uend,modify.forbear or '��.
<br /> • make any ar,commadafions wiil�regard tn the uams of this Security Instrumeait or the Note withont ihat Borrower's consent ' ,. �;-��'�
<br /> . 33.Loan Cbarga. If the toan�by this ScaIIity Instrument is subject ro a law whIch sets maximum loan charges, ` '��� �
<br /> � and that law is fmally interpreted so thac the interest or oth�toan charges collectcd or to be collected in ca�ection witb the loan � . � � _���•'�
<br /> � , :� � exeRed the perrrniaed lunits,theA:(a)any sucb loan charge shaU be reduced by the amo�mt necesgary to reduce the charge ta the ` . - . "�
<br /> . permitted limix and(b)any sums already coltected from Bonower which eaceeded pe�rniued limits wiU be refimded w Bosrowea. .. :-�`•-'�
<br /> � . Lender may choose co malce this refund by reducing the prficipal owed nnder the Note or by making a direct payment to � `� � , . �
<br /> +� Bomower. If a refund reduces principal,thc reduction will be treatcd as a partial prepayment withont any prepayment charge
<br /> under the Note.
<br /> 1 14.��tices. Any notice to Borrower provided for in this Security InstNmea�t shall be given by delivering it or by mailing it � .•
<br /> iby t'ust cL1ss mail untess applipble law requ'ues use of another method.'IUe notice shall be directed to the Prope�ty Address or . , ' , .'
<br /> i any o�her address Borrower designates by nouce w I.ender.Any notice to Lender shall be given by first class mail to Lender's
<br /> . ;
<br /> address stated heaein ar any othea address L�endea designatcs by notice w Boaower. Any nodce ptovided for in this Sec�rity : � .
<br /> � Inswment shall be decmcd tn have been givcn tn Bmrowcr or Lendcr when given as provided in ihis paragreph. . .'
<br />-__ ' 15.Goveming Law;Severa63lity. 7l�is Sccurity Instrument sha!? !� oovemed by federal law and the la�v of !he . � .
<br /> � ' jurisdiction in which the Pmperty is located. In the event that any pmvision or clause of this Security Inswment or the Note �
<br /> ; conflicis with apDlicable law,such cont]ict shall not af[ect other provisions of this Security lnstrument or the Note which can be �' ; . � �.
<br /> - � . given effcct without the conflicting pmvision.?o this end the provisions of this Sec�rity instrument and the Note are declared to � .
<br /> . � •be severabte. � '
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<br /> � Form 5028 9/90 � .
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