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<br /> � , �.: payments may no tongec 6e requaed.at the opuon of Lender,ff mortgage�s�nance wvecage('m the amount and for the period ; • . ..�.,. ..
<br /> ` d�at I�der r e qnires)P m v i d e d bY aa�aPPcoved by Leader again becomes ava��lable aud is obmined.Bormwe�r sha11 FaY tke . '` ' , ._<_ °:
<br /> , . p r e m inins requaed to mamtain morEgage insarance in eff'ecx.or oo P m v i d e a I o s s reserve,u a n 7 t he r e q u n e n a�t f o r m o r t g a g e� f`
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<br /> ms�ance ends in aa;ordance with any wriVeo ag�ecmwt betweea Bouaw e r a n d Lendsr or a p pticable 1aw. `�� :�
<br /> � 9.Insp�tion. Lender or it4 ageat may make masanab2e eatricg v�on aad inspections of tne Pmperty.Leader slmII give � ,:-� , ;
<br /> �" ` Borrower notice at the time of or prior w ga inspection spaCifying�sanable caase for the�n- _�
<br />-. ."_.-`--T 10.Condemnatton. 11ie psoceeds of�y award or claim for damaSes,direct or vonsequeaitial. in connedion with any � _.: - � •.:�
<br /> ' �F� ' ,-;:� - condemaation or other taIdng of any part of the Propeny,or for conveyanoe ui tiea of conde�nation,are hereby assigaed�d -'*.`- �`- �, ,
<br /> shaII be paid m L.ender. � . `� .
<br /> " ' .. . • -, ( In the evcnt of a mtal talang of the Propeaty,t h e p s o c e e d s s h f il l b e app l i e d t o t h e s n m s s e c a r e d b y t h i s S e c u�i c Y l n s t c u m e a t,�
<br /> - � whethe.r or Qot theu due.with�y excess paid tn Bormwa.In the event of a par�al taldng of the 1'mp�ty in wdirh the faa market � __:
<br /> - � � I ` � � _
<br /> value of the Pcopeity immediazely before the takiag is e�aal tn or gieater thaa the amount of the sams sepnreQ by this Securiry ��=s
<br /> • •' :t Insuumeat imme�9ately before the taking,imiess Bortowa and Lender otheawi.se agrea in wciting,the sums s�aued hy tbis �_�':,.
<br /> � ' �'>.� Seauity Inswment shall be red�ced by the amount of the p:oceecls mnitiplied by the foltowmg 6actinn:(a)the tntal aAwuat of � ..� ;;,�`";.`���.
<br /> � � the sums sacured imme�iatelY befoie the r�Cing,divided h3r(b) the fair m�kket value of the Pmpercy nnmcdiately 6efore the - _•. ��
<br /> . . � taking.Any balance s6a11 be paid to Bamnwer.ln the event of a partial taldng of the Pmperty in which the fair marIcet value of the -;.;_`__
<br /> ' , property irn�nediately before the ta�ing is less than.the amoimt of the sums s�d irnmediately before the taking, �mless �••`� :��`-
<br /> Hoimwer and Ianda othsr9vise agree in writiag or untess applicable taw oti�ecwise grovides.die pracceds shall be applied tQ the
<br /> . . ,�' : s�s secured by thic Seauity Inswmeat whether or no2 the suma are t6en due. . -
<br /> .� ;� If tke Pcopelty is abandoaed by Bomnwer.or if.af�notir�e by Leuder to Horrower that the conde�nor offers to make an °
<br /> t; .
<br /> , �� r �`�� award or seute a claim for da�mages.Bomnwa faiL4 to rc�pand to Lender within 30 days aftca the date the natice is given,L�endea ,. � _--
<br /> ..` y`'`,u` is amhorized m coIIect and apply the proceeds,at its opaon,enher w reswiation or repair of�he Properiy or to the sums secured �. _�,
<br /> -� � -----
<br /> by this Seauity Instrument,whether or not thw due. -�
<br /> I UaIess Lender and Bormwer atherwisc agee in writing,any application of proceeds to prmapal shaI!nat exteud or possyone , ;` --
<br /> ,� `�y� the dae date of the m� �refeamd to in paragrapt�s 1 aad 2 or change the amount of such payments. �, "�
<br /> . �6tY PaYm ..: ��::_-�:��+v
<br /> � � 11.Barmwer Not Reieaswl;Fosbearance By Lender Not a Waiver. F�on of!he tune for payment ar modification ,r. • ��
<br /> r • '�` of amnr�asion of the sums secured by this Seauity Insuum�t�anted by Lender to any successor in interest of Bormwea shari , , -��
<br /> . ::,. � �__— ...
<br /> _ � . not opeaate co release the tiab�lity of the original Borrower or Bormw�r's successors�int�st.I.ender shaU not be required to _ .�._--_
<br /> : � ��:� wm�aence proce�iags against any suocessor in II►tetest or refnse w extend time for payment or otheawise modify am�tion of :. .;`��f
<br /> tbe sums s�cured by this Security Inswment by reason of any demand made by the original Bonower or Bmrower's successors • � � ��'
<br /> .. • ��'.I in interest.Any forbearance by Lender in exercicing any right or remedy shaU not be a aaiver of or preclade the exercise of any ._'' -,;.—:�_
<br /> � • : , �� j right ar remedy. • ::�'..
<br /> • IZ.Saccessors and A�igns Boand;lofnt aad Several Liab�itp;Ca-signers. 'I'he covenants and agreements of this � •.
<br /> - ' Secarity Iuso�wment shaU bind and benefit the successars and assigns of Lendar and Borrower.subjecc w the pmvisions of , :,��'�'
<br /> �` .. . paragraph 17. Bosrower's covenants and ag�eements shall be joint and several. Any Bosower who co-signs this Serurity ;:.�r;:':3.,.
<br /> - - -. Inswment but does not execate the Note: (a)is co-siSning thi4 Securiry Insa�ment only m mo�age,gcant and oanvey that , .�,,.ti�:�=-
<br /> . , . p �s not easonall obll w the sums ��� ':�:`z�"
<br /> • Borrower s inu�sest in the Pro erty ander the tcnns of thic Seauity Insuument;(b)� P Y � PaY ��s�;-�.
<br /> se�aued by this Seanrity Insuumea�and(c)agcees that Lendea and any other Bomnwer may agree w eatend,modify,forbear or ,.., :='�::,��;..
<br /> • � make an accommadations wit�regard to the tenns of tlus Securiry Instrument or We Note without tLat Borrower's cansent � ��:,
<br /> ` . �. 13.Loan CUarges. If the loan secured by this Security Insonunent is subject to a 1aw which sets maaimum loan charges, � ' . , .�'$``7
<br /> and that 1aw is fmaUy interpreted so tLat the inteaest or other loan charges collected or to be wllected in connection wlth the loan :;��:
<br /> exceed the permiued limits.then:(a)any such loan charge shall be reduced by the amount ner,essaty to reQuce the charge w ihe .
<br /> . ` :') permiued limit;and(b)anY sums already collecteA from Borrower which eaceeded pem�itted limits wili be refimded to Borrowcr. • : ':�,
<br /> '• . Lender may choose w makc this rcfund by mducing the pm►cipal owed under the Note or by maI�ng a direct payment w .
<br /> !:• . . Borrower.If a refund mduccs principal,the reduction will be trcated aq a par6al prepayment arithout any prepayment charge . .
<br /> • . under thc Note. • � ' .
<br /> . . 14.1Voticea Any notice to Bonower provided for in tIDis Security Instrument shall be givcn by detivering it or by mailing it , , .
<br /> ` . ; by t7rst class mail nnless applicabte iaw requires use af anothea method.The nodce shall be direcxed to the Property Address or .�. ' . . .
<br /> . any otha address Sosrower designates by notice w Lender. My notice w Lender shall be givea by first class mail w Lender's , • .
<br /> address stated herein or any other address l.ender designates by notice to Borrower.My nodce provided for in this Security � • ...
<br /> ' Inswment shall be deemed to have been given w Borrowcr or Lender when given as provided in this paragraph. • �
<br /> � . l5.Governing Law;Severa6ility. This Sccurity Instrument shall be govemed by federal law and thc law of 1he ��. .
<br /> . � jurisdicdon in which thc Property is located.In the event that any provision or clause of this Security Insuumcnt or the Note �� , �•
<br /> . conflicts with applicable law.such conflict shall not affect othcr provisions of this Security Inswment or the Nqte which can be . ' ,.
<br /> given effect without the conflicting provision.To this end the provisions of this Seciuity Inswment and the Note are dectared to . . .
<br /> . be sevcrable. •
<br /> � Form 3028 9/90 �
<br /> � �-8R(NE7(9212l.Oi Page4of8 Innlals: _ ` '
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