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<br /> ' . payments may no inager be tequi�ed,at the opbon of Lendec.if martgage ins�rance oov�age(In the aannimt aad fos the peiiod , . .
<br /> ` � thai Leader requues)Provided by an in.seuer appmved by Lender agaia becmmes ava�7able and is obtained.Bosrowei shall pay the �� .�
<br /> _ • . , , premiutas rc4ui�ed ta maintain martgage insu�ance in effect,ar Eo provide a to�resetve.uatil tS�e ieq�ement for mo� � • �: ' ` , . '�"
<br /> r �..� in.nuance e�ds in accordance with any wrivan a,�e�neat betweea Bonower and L�en�or applicable law. I.ender shaU give 1 . ; . .
<br /> _ 9.Inspedion. Lender or iLs agent may make reasonable snuies upon and ' �ctions of We PraPe�tY• ,,
<br /> . �:,t� Bonower noti.ce at�he[nne of or prior�a an inspecaon spec�g reasonable caase for the mspection. � V .
<br /> 10.Coademnation. 1h�proceeds of any award or clanm for damages.direct or conseqaeutial,in canneaion aith ar►y'�'S �
<br />_z `��.� : ''; condeannation or otha taking of any past of thc Paope�ty,or for conveyance w lien of wndemnation,are hereby assig�►ed and� :
<br /> ; . � shaU be paid w lettdet. 4° -°:
<br /> " In tfle evr�s of a wtal�►g of the Pmperty,the piaceads shall be apPlied Lo the smas seraued by tliis Seauity instrument,� .'�`= ` -
<br /> . whether or not then due,with any exc�ss paid to Bo:mw�r.In the event of a pertial taking of the Pmpeity in which the fair m�ket� :. °�� ,
<br />;;i - value of tDe Propeacy immediatety 6efoie the taking is equal to or�than the amo�t of the snms seca�ed by this Sec�uiiy � . .
<br /> p ty _.
<br /> � ' Instrumeni immediaietY before the takmg. imless Bormwe.r and L�endar oiherwise agree in wriUnB,the soms secured by this -° .:,,:-
<br /> . Security Instrument shall be redaced by the amount of the praceeds maitiphed 6y the foMwing fiaction(a)the mral auio�mt of � ::� .
<br /> rmmediatcly before the ••^-": •
<br /> " � ' the snms sec�ed 'unmediafeIy 6efare the takmg,divided bY(b)the fair market vaI�e of the Pmp�ty� '_._-,
<br /> �-' ' .� talcing.Any balance shail be paid w Bosower.ln the eve�t of a pardal�sking of the Propea�y in which tlie fair ma�rket walue of the �:
<br /> • P,roperty immediaiely before the taking is iess tban the amount of the sums secared immediately hefore the ta�ng, anless .
<br /> _ . . Bormwe,r and Leada othecwise agree in writing or�mless applicable taw othera►ise provides,the pmceeds shall be applied oo the . � _ __-
<br /> ��-• sums se�red by Wis S�►Ins�trume,nt arhed�or aot the sums are th�dnc. • ".,Y._-
<br />°zs.; � ; .
<br /> If the Pcoperty is abandoned by Boaower,or i�after noace hy Le,ndear t�Banowa that the candemnor affers to make an . ``._
<br />_�`` . "- award or seute a claim for damages.Hormwe,r fa�s w respnnd w Leuder widun 30 days after,the date the notice is give,n.Lender _;,.�'�':=
<br /> i,f`�.. � at its o on,eathea w reswrauon or repaQ of the ProPertY or w the snms seraued .. �. -
<br /> is authorized to coltect aad apply the p:oceeds, Pti -.:�':'°.,
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<br /> � �- by this Seauity Insbumeut,whe,iha or not Ihen due. _-
<br /> _ � Unt�ss I.endea and Borrowei oUterwise agree in wripn8,anY ePPlication of gmceeds to principal shall not ea�tacd or posqwne � '$�~'=-
<br /> . nt ss ti:.:.i;.t:.
<br /> �; . . .... the dae date of tLe monthlY PaYmeuts refeaed m in paragcapbs 1 and 2 or change the a�aonat of snch payuteats. ` �� ..•-,_.
<br /> .�,,y�.:�
<br /> �j;; �.� • 1L Borrower Not Reteased,Forbearance By I.e�der Not a�Vaiver. BxtEnsioa of ihe time for payrn�t or mad'�CCation _ �
<br /> �` � of amort�tion of the sums seatted by this Saucity 1ns�ument granted by L�der to any successor in int�aest of Borrower shall ��� ;;,��:
<br /> r�, . not operaie Lo rclease the liab�ity of We originat Barmwet or Boimwer's successais in mmrest Lcnder shali rtot be nequiced ta .: .'-�;�::__
<br />':�� �� ' comm�ce pmceedings against any saccessor in mt�est or ref�se tn e�d wne for paymeat ur othezwise modify amoi67ation of : .j'.-=�-:
<br /> ,° • the sums secared by tl�is Sec�uity Ias�ument by ceason of any demand made by the original BvIIOwes or Bmmwer's succe.csors `�""s"
<br /> �`` � in interest Any forbeazance by I.endea in exercising any right or cemedy shall not be a waiver of or preclude the eaercise of any •` �r''"""�,
<br /> .. � � . rightor remedy, ' ,':�,�
<br /> Y,�s .. . -
<br /> - • 12.�acccasors and Asstgos Boandt doint and Sav�al Lia6�tty;Co-signeas.The covenants and agreements of this
<br /> Security lnstruraeat sha11 bind and benefit the successors and assigas of Leuder and Borrower, subject w ttte provisions of . .. ��°�.
<br /> - �' Paragtaph 17. Boimwer's coveaants and agreements sha11 be joint and severdl. Any Sorrowa who co�signs this Se�uit5► .'y`�;'' -
<br /> ra �.,,�'_
<br /> � � � � Instn�ment but does not execate the Note: (a)is co-signin8 tius Security Instnu°ent only w mortgage.grant and convey tbat � ...-
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<br /> `' Bmmwer's intere.st in the Propecty und�the�of this Security Instrumen� (b)is noi personaliy obligated tn pay the sums '' ';!��i:`:
<br /> � ' ._ � secured by this Sec�uity Insa�umeaix and(c)a�ees that L,emder and any other Boimw�may agtee w e�tend,modify.forbear or ... ::�Y��
<br /> '� make�y accommadarions with regard w the te�ms of this Security Instrumait or the Note without that Bormwec's consent _ .
<br /> 13.Loaa C6arBea If the toan sec�ed by t1�is Securiry Instnunent is subje�x w a law which seta maximum toau charges, . :�
<br /> . � aad that law is fu�ally inte�preted so that the inte�est or ofher loan d�ar8es wllected or to be coiiected in connection with thc loan � :`��
<br /> ea
<br /> '''� ' � excee�the peamiued limits.then:(a)any such toan charge shatl be reduced by the amoaat necessary w m,duce the cfiarge to the .--,�—�,:
<br /> `,' . . �.�� petmiued limix and(b)any s�nns a}ready coll�xed fivm Borrowea which exceeded p�ed limits ari116c refisnded tn Borrower. . . �-
<br /> '� . � . � I.ender may choose w make this refand by redacing the principal owed undea thc Note or by making a direct yayment w .
<br /> _ � . �, Bormwer.If a refund reduces principal.the reducaon will be veated a9 a partial prepayment without any prepayment charge
<br /> $ under tlie Note. . , . .
<br /> � 14.Notices. Any noGce w Boaower provided for u�ihis Seamty Instrament shall be given by delivering it or by mailing it
<br /> by frrst class mail un1ess�APlicable law requires�se oi another method'Il�e notios shaIl be directed w the Propeaty Address or
<br /> � � any other address Bonower designates by notice to Lender.My noticc to Lendea s�all be given by first cl�bss maii to Lender's `.. . . .
<br /> address stated herein or any other a�'siress L�ender designates by notice to Bormwer.Any noticc provided for in this Security
<br /> - � Instrumcnt shall be deemed to have been given to Borrower or Leacdca when given ag provided ia this parag�aph. � ,.
<br /> ` ��` IS.Goveming Law;Severa6ility. This Security Insuument shall be govemecl by federal Iaw and the law of the .
<br /> � . jurlsdictton��which the Properiy is lacated.In the event that any provision or clause of this Security Inswment or ihe Note • . .
<br /> • � conflicts with applicable law.such conflict shall not affect other provisions of t�is Security Insuument or ihe Note which can be
<br /> given effect without the contlicting provision.To this end the provisions of this Secmrity Instrument and the Note are declared to . :. . .
<br /> � � • be scverable. : �
<br /> - ' � . Form 3028 9/90 . '
<br /> j c ��eR(NE)csz�2t.o� .
<br /> Papo 4 019 Initlale:
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