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<br /> � � � � payments muy no longer 6e requirea,at the aptian of Lender.if mortgage insuranoe coverage(in[he amnunt and for the periad • � '
<br /> .4 . ,.. . '"'� �' .
<br /> ` ` �1�at Lender rcquires)provided by an iasurer appmved by Lettder again becames ava�7able and'u o6rained.Bormwer�hall pay the � f
<br /> , � ' pr�miums required to ataiuutai�t martgage insu�ancc in effeq,or ro provide a Ioss re�enre.unt�7 the requuem�t for mortgage� ' .
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<br /> . � iasurencc ends in aanrdance with any wriuen agre�meat between Brnrower and Lender aa applicsble 1aw.
<br />_ .. -- 9.InspecHon. I.ender or i1s ageut may maT�e r�asonable entries upon and inspecdons of the Pcopeaty.Lemder shall give� ' � ..
<br /> � :� T'---:- Boirower notice at the tinme of or pdor w an iaspectioa spacifying�easonable cause for the inspection. � . ' .
<br /> e �
<br /> ' �---{--`=`:� IU.Conufem�atkta. 'Ihe pcoceet3s vf aay award or etaim for dasnages.duect or consequential.in connection aiW aay;� - - _;}=.--
<br /> • ; � condemnarion or other taking of any pan of the Property,or for canveyanoe in lieu of wnderanation.are heieby azsigned and� .. . _ .�; • '"
<br /> � , sb,aU be paid tn Lemder. :.: �
<br />: < . . . In We event of a total taki�g of the Propeity.the pzoceeds shaD be applied w the sums secured by this Seauity Insu�nment,� . _ ���
<br /> . . whelher or not thea due,with aay excess paid w Barmwer.In the eveat of a partial takmg of the Pmperry in which the faa marketN ,. , - _
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<br /> ���' • -• value of the Propeaty immedia�ely before the taking is e�ual tfl or greatea than the amount of the svms se�rred by this Ser�uity ' `.�.,,`
<br /> � . •: � Inslrament immediau:ty befoie the taking, unless Bolrower and L�ader atheswise agree ia wiiting,the sums s�d by Wis '"="'�;'
<br /> � Security Insuument shaU be reduced hy the amouni of ihe pmceeds mWtiplieed by the follnwing fracxion:(a)We wtal a�nount of ,�;,�.-- �
<br /> • � �' � the suais secured immediately 6efore the tatm►g.divided by N)the fair mazket value of the Pmpeity unmediatety before the _- -
<br /> _ • ' `� - taking.My balmice shall be paid m Baaower.In the ev�t of a partial�ng of the ProperiY in which the fais marlcet valne of the � —_
<br /> . Propeccy immediately 6efore the ta�dng is tess than the�o�mt of the swns secured immediatety be�are the taking, �less �
<br /> . , Basrower and Leader otherwise agree ia writing or unles5 applic�ble law othe�wise provides.the gmceeds shall be applied to the . _
<br />`�` � sums secured by this Secmity Insnurnau whether or not the sunns an thea due. � . " ���:
<br /> `' ff the Property is abandoned by Bomswer.or if,after norice by I.�der to Borrow�thai the condemnor offeds w make an `, �/ -
<br />:; .;• '. . p,_
<br />=;i� ., _ . award ar settle a claim for damages.Bonower fa�7s to respond m Lendea within 30 days aftea the da�the¢�c:�e is givea,Leade� ._._ -
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<br /> �- is anthorized w callect and appTy the gtoce�d.�,ai irs oytian,etthex m r�o�cr repair of the Prnpedty�m the sums secuied . _
<br /> . • by tbis ge�rriq,Insuument�whedter ar uot then dne. �
<br />, ' Ualess Lend�and Borrower othetwise agree in ariting,aay application of pmceeds w priaapal s6a11 not extend or postpone .•, �',,T-=-
<br />: , � . .' the due date of the monthlq Pa3+meats refe�red to in paragraphs i and 2 oi change the amouni of sach paymenis. : lf,`•f=� ;
<br /> "` ° 11.Boreower Kot lteteased;Forbearance By l.euder Noa a Wa;ver. Fat�sion of the tnme for paync�t or m�difi�oa
<br />�`;',f . � ' of amorbr,�uion of the siuns seaued by this Seauity Iaquument giaated by Le�tder w aay saccessor in ir;terest of Bomnwer shall , '� 'X-''�"°:
<br /> `�' not operate W:etease the liab�lity of ihe origiaal Borcower or Bomawea's successots in�teazs3.Lendea shari not 6e:eq�ed tn �' '_'-�_
<br /> ';,'' ' . coma�ea�ce PmceedmF,s agair��t anY saccessor in iu�a�est or refuse ts extend time far payment ea otheca+ise mad�y amort��an of , . `?-x�'�.
<br /> '. , . . the svms secured by this SecArity In.ct�imieut 6y reasor�of any de�d made by the original Bormwea or Bormwer's saxessors . -�_
<br /> in interest Any forbe�ance by Lender in e�eccisiag any aght or reinedy shall not be a waiver of ar preclude the eaercise of any . • �w-
<br />';f�Y. rightorremedy. • •:"�"'-
<br /> •�• 12.Snca�ssors and As�igas Bound;Joint and Severa!Liab�ity;Co�sigae�s.The coveaants aud agree�nents of this �� ��� �^��
<br /> Securiiy InstRament shalt b�td and beneSt the successors and assigns of Lcnder and Bosrowea. subject to the�provislons of �� ' `'m"'
<br /> ' �';�
<br /> •. . parag�aph 17. Boirower's wvenaats and agreements s6all be jomt and sever�l. My Borrower aho co-signs tlus Sec�uity ;�.�-__
<br /> � ' ' InsTrament but does aat enecutc the Note: (a)is co-signing this Security InsLnunent only to martgage.grant and convey that :. . �;.�;-��
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<br /> is aot o obti w the sams '�'`
<br /> . . � Borrower's interest in the Property under die teams of this Securiry Insuument;(b) P� �5+ 8� PaY . =�__
<br /> � . secure4 by lhis Securiry Inswinenx and(c)a�ees that Lender and any od�Borrower may ag�ee w eactaid,modify.forbear or :�: � '�-�r.'*'�-`_"
<br /> ,. , malse any accammodadons with regard m the tams of this Security Tnstrument or the Note without that Borrower's consean4. � ��-��
<br />_ 13.Loan C6argea If the loan sc,aured by this Security Insuument is subject tn a taw which sets maximum toan charges, � :a r
<br /> ' ' ,, and that 1aw is fmalty interpreted so that the interest or other loan charges collected or to be colle�xed in co�e�aon wit}�the loan . .�'Y`.
<br /> �' :i. eaceed the pemiitted limits,thc�:(a)any such loan charge sha116e reduced by the amount neces�sary w reduce the charge w the . ..��*�;,_
<br /> • � . , , pe.nniued l�i�and�b)any swns already collected fram Bormwa wtuch exoeeded peamiued limits will be refunded w Bonower. - - _:
<br /> . Lender may chaose to make this refund by reducing the principal owed wadei the Note ar by making a dire�t yayment W r '`"
<br /> Boimwer. If a refund reduces prmcipal.the reducuon wiU be treated as a partial prepayment wi[hout any yreyayment charge • � .
<br /> c °„,:
<br /> ,. . �ucder the Note. , .
<br />• • 14.Nottces. My notice w Bonower pmvided for in this Securiry Instrument shall be grven by dclive�ing it or by mailing it
<br /> ; � • by first class mail unless applicable law requires use of another method.7Tie aodce shaU be directed to the Propealy AQdress or �.. �� . "
<br /> � any other address Borrowar designates by no6ce w Lender.My nottce to Lendcr shall be given by first class mail w L,ender's �� •
<br /> . � address stated here�or any oth�r address Lender desigaates by norice tn Borrower. My notice pmvided for in this Security . .
<br /> � �. • inswment shall be decmcd to have beer►given to Borrower or Lcndcr whcn given as provided in this paragrdph. • . . ' :
<br /> ' l5.Qoverning Law;Severability. 1'his Sccurity Instrument shaU be gove,med by federal law and thc law of the . � - ,• • '
<br /> � ''. � j u r i c d i c t i o n i n w h i c h t h e P r o p e rt y i s l o c a t e d.I n t h e e v e n t t h a t a n y p ro v i s i o n o r c l a u s e o f t h i s S e c u r i ry I n s tr u m e n t o r t h e Note :'"° �� .
<br /> conflicts with applicable law.such conflict shail not affect other provisions of this Securiry Irestrument or the Note which can be : .
<br /> � .. given effect without the conllicting provision.To this end the provisions of this Securiry Ins��:ment and the Note are declared to . � , '
<br />.� . be severabie. •-
<br /> .' Form 3028 9/90 •
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