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<br /> . '" paymeats may no longer be requiied,at the option of l.ender,if mostg�ge insurancc coverage('m the amoaut aud for dce period ��, � �
<br /> . • that I.�der requu�es)Provided by an m�a approved by Lend�agaa►6ecomes available and is o6tained.Borrower shall pay the �'` :: '.
<br /> . .�_;��� premiums requir�ed to mau►rain mortgage ias�uaace m effect,or tn pmvide a loss reserve.�mt1 the requiremeat for martgage , .
<br /> : •<. .- ins�a�ce eads m aw:ordaace with any written agreement 6etween Bom�w�and Leader or applicable law. -------- -- - --
<br />_ . --- -- - 9.I�oa. Letedea os its ag�t may rnake reasonable enories etgon aad �nspectiuQas of ihe Pra�cty.Lender slaall�ive ---.-----__ -
<br /> . , ' Bo2rawer aotice at the time of or pzior to aa iaspection s�a£ying rrasonahle cause for the inspecxion _ ",. .
<br /> � 10.Cond�on 1he praceeds of aay award m claim foi damag�ss.dire�t or con�tial. m connearoa with any
<br /> < : candemnaiion or othea tal�g of any part of the Property.or far conveyance m iieu of condemnatinn,ace hereby assi�aed and . . ••
<br /> � ' � sbaII 6e paid tn Leadrr. '
<br /> ' .. In the ev�i of a total ta�ng af the Fmpeaty,We praceeds shall be applied to the svms secared by t4is Seauity Instrume,nt, ' ' �
<br /> - . . . whether or not tt�u dne.with any excess paid w Bomower.In the event of a parual taking of the Pwpeny in afiich tbe fair marget - . . .' �
<br />_ . . . valae af the Propeny imraediately befare the ta�ug is e�qnal w or greater tt�an the amount of the snms seaaed Isy this Secarit}r '- ,4• . ••�".�'`
<br /> ' � � Insoarmeat immediaiety before the taking,antess Bosrow� and I.ender oW�avise agtee In writ�g,the sums sea�ced by tbis • `�"=�„�-,
<br /> " _ Sec�ity Ia.�um�t sbari be reduced by dte amaimt af the pmceeds multiptied by tLe follnw�g fiaction:(a)the mtal ama�t of • � � —
<br /> - the sams se�aued '�ety before the ta�mg,divided by(b) the faa mazket value of the Fmge�ty �anediatcly befoie the �,. �.< <:.,,'.�`
<br />,. . taking.Arry balance suaA be pard w Bomowea.ln the event of a partial taking of the Prop�r in whicb the fair marlcet value of the ' . �,• ��.
<br /> '- . Pca�erty immediatety before the ta2ang is less than the amount of the sums secured immediateiy before the taldng,un2ess : 4' � _
<br /> . . . ••, ^
<br /> < , • i Borrower ead I�ender otherarise a�+ae ia wr;ring or unIess applic�ble law othera+ise provi�es,the gmceeds shall 6e applied ro the . ��;,. . .�,'::._
<br /> . . '_� sams�b this S . � .
<br /> _. Y �Y�whethea or not the sums are the�due. �..,`s°:�:
<br /> - If the Ymparty is al�doaed by Bormwer,ar if,after aorioe by I.endea Lo Banowa tl�ai dte condemaaz offas w make an �-�-----f s�
<br /> aw�d or seuIe a cla�for damagcc,Baaowa�7s tn iespond tn I.ender withm 30 dayrs aftca the date the notice is giv�,l.ffider �' "���'`'�-
<br /> : . ...�� .-1' ;��_
<br /> is authorized w coltect and apply t6e pruceeds,at its optio0.eather w restoraiion or►�pair of the Pmpeaty or to the smns secured , �`,:-�.::�
<br /> • by this Seanrity Inst�ument,whether or aot then due. �`�'
<br /> _ � .� -. Untess I.eudea and Borroa�cr arDe�wise agree i�a a+ritiag,aaY aPPfir�stioa of pra�eeds em priacipal shall uot exte�d or postpone .. .__. _�`�°`
<br /> � the due daL�of tt�e montLly paymenLc mf�red to in paragraphs 1 aad 2 or change the amo�mt of such paymeats. ' �• ' •�',`s'�`s`�
<br /> 11.Bosrowes No!�ieieased;For6earance By Lender Not a Watver. �an of the time for paymeat or modi�cation :����;:;�,,'
<br />,'• . of amoltization of the swns seciued by this Security 1r�suument g�antcd by Leaider to any successor in interest of Bomnw�shall - ' <�,.–,,;R_.
<br /> -. � not operate to r�te;a�e the liab�ity of the original Bomnwea or Bomowe�'s snccessora in ifl�sest.I.ender shaU noi be reqnired to _. �•������� '
<br /> �.: � . commmce Pmceed'm8s against any successar in u►teaiest or rcfuse tn ext�nd tinme for payment or atheawise madify amortization of . �:'G`:
<br /> ' the sums secured by this Se�auity Imsmunea�t by reason of any dcanand made by the origmal Botrow�or Boirowa's successaia • .='7��p"-
<br /> ' � iu mt�st.Any forbearance by Leadea in exerci�g any right or remedy shall not bea waiver of or p�ectnde the eaeacise of aay ' :. ;. �'�.=::�:':i
<br /> � tightotremedy. ' �'::., �';.�h=�
<br /> . � 12.Saocegors aud A�igas Bo�d:J�int and Several L�a6Ility;Co�signets. 1he covenants aud agreemeau of this ;�';;>^. -s`^°}`^-
<br /> . .•.�:��
<br /> ' Security Instnunent shall bind and benefit the successors and assigns of L.ender aad Bamuwer,subjeci w the provisions of �;:f�'`.�' ,-� ;w;-:
<br /> pazagraph 17. Borrower's covenants and agreements shall be joint and sevetal_My Bomnwer who co-signs this Secacity �. -,` :. ��.;_:.
<br /> Instmment but does nut execute the Note: (a)is co-signing this Seauity Insmuneat only w mortgage,grant and convey Wat � � ��.�#_:"
<br /> , Bormwer's intsrest in the Properry under the terims of this Securit�r L�suumenx(b)is aot personally obligated tn pay the sums - . . �'�
<br /> ; ' sec�ned�y thic Seciuity Inswma►�and(c)agrecs that Leader and any other Borrower may agree to extead.modify,forbe�ar � , � . ' '``�-
<br /> �` � � mahe any accommodarions with re�ard to the terms of this Secnriry Inswment or the Note cvithout that Boisower's conSent ' ;:;-�
<br /> en
<br /> . . " '. 13.Loan Chargea Jf the toan seca�ed by this Sec�uity Instrument is subject to s 1aw whlch setq maxLmun loan cbarges. � ..
<br /> . _ � ' � .� and tbat tacv is finaUy intetpmaed so tbat the mt�erest or otlier loar�charges w�tected or to be coltected in cannection with the loan . . .. ..' : y
<br /> exceed the p�niued limits.then:(a)any such loan chargo shall be reduced by the amoimt necessary to reduce the charge to the
<br /> . � . peimi u e d l i m i t;an d(b)any swns a l r c a dy co llec t e d f r om B oaower w h i c h ex c,e e d a d pe�mi tt e d li m i t s w il l be re fi m d e d w Bormwa. .. .
<br /> ' , Lendea may choose w make this refund by reducing tho principal owed under the Note or by making a direct payraent w �
<br /> - r _ Borrower.If a refund reduces principal,the reduciion will be treated as a pamal yrepayment without any preDaymeat cdarge . � •` ' .
<br /> ' . under the Note. � � _ �
<br />-- 14.Nat�cea Any notice to Barrower provided for in this Secnrity Inswment shaU be given by delivering it or by ma�7ing it � � •
<br /> � by first class mail�uilcss applicable Iaw rcqulres nse of another method.The notice shaU be directed w the Prop�t}r Address or .. . �
<br /> any other address Borrowar designates by notice tn Lcnder.Any notice w Lender shall be given by fust class mail to Lender's
<br /> . � i address stated herein or any other address Lender designates by notice w Borrowa.My notice providrd for in this Secvriry ,.,� • '
<br /> � � ! Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. �
<br /> • � l5.Coverning Law;Severability. This Securiry InsWmcnt shaU be govemed by federal law and the lnw of the `
<br /> ... jurisdiction in which the Propeny is tacated.In the cvent that any provision or clause of this Sesurity Instrument ar the Note •
<br /> .� wnflicts with applicable 1aw,such conflict shall nat affect other provisions of tlils Seauity Instrument or the Note which can be � . .
<br /> given effect without the conflicting provision.To this end the provisions of this Secutity Instrument and the Note ate declared tn -- --
<br /> ' � � be severable. � •
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<br /> �. � Form 8028 9/90 ' � �
<br /> i •�-6R(NE)1e2+2).0� vapo�of e inwsia: � .
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