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<br /> . �. . insurance uavera ('����nt��and for die peIIOa �;:`� . - ,
<br /> • gay�m„�nts may no tongcs be required,at t�e option of L,�nder.�f mortgag� 8e y. . � :
<br /> ,� that I:ender re4nires)P�vided by an ins�uer appmved by I.ender agaia becomes awa�ab2e ansl is obmined. Boaower sball gay .
<br /> . � tTte Pl�iums Ieq�to maintnin ntortg8ge�sm�liCe iA e�Cl.op W Pmvide a loss teserve.utul the lequiteIDeIIt for mortgage
<br />. � t . �.:::ends in axorctance weth a�written a�aeai betwe�n Bormwer aad Lender or applisable law. , . ,
<br /> . _.- 9.Iasped3on. L�uder or its agau may make reasonable entdes�on and�nsPecdons of the PmPertY.Leader sha118i�ie -_ . , .
<br /> �, -�..�-=-�' reasonable cause for tl�ee inspection.
<br /> F�'=, • • i. Bormwar nntioe at the time of or priarta an i�on spectfqing u►conneaion with aay
<br /> < 10. Condemnation.The pmoeeds of any award or claim for damages, d'irect or coase�nential. ' .
<br /> ` condemnarion or other ta�nS of az►Y Part of the Pmpen3►•or for comreys�uce in lien of condemna�on, are here6y assign�d and .
<br /> :' � . shall be paid w Lender. - � .
<br /> S�_ " ' , , . In the event of a total talting of the Property.die Pmceeds s�aaII be app}ied tn the sams s�hy th'ss Se�arin►Instcnment, .
<br /> � � . wh�her or not then dae, widi az►Y eac�Pa�to Boaower.In tbe event of a pa�a1 heInng of the Pm�perty in wluch the fair �
<br /> of the sams secated by das '„,
<br /> � marI�et walue of t�e Progerty immediatelY be6oie the�inS is eqnal to or g�aier than the amoant. S�b _
<br /> ` . � � Sec�ritS+Instromea��iatelY befote ti�e takinS,untess Bomnwer and Lendsr othetvvise agree in writinS,the sams Y .• (:
<br /> ' ' sha11 be i+educed by the amonni of the pioceeds mmltipfied by the followmg fraction (a) the tntal
<br /> _ ' t 5 i s S�a r i t y Ir�ament vatue of the Pm i i n m e d i a t e 1 Y . ::�..�..:.
<br /> � amonnt af the sams sec�l imm�ediatety before the taldnS,dividad by N)ti�fair market wluch the fair :-_ '
<br /> �?; . � 6efaie the�n g• An 9 balance shaD be paid to Boaower. In the eve�ni of a partial taT�nB of thc Property� _.��: ��.�:
<br /> I' �mmediately before the talunS is l�.ss thaa the amoimt of the svms s e c a�e d i m m e d i a L e ly be f oie the . —
<br /> market vatne of the PmPertY� or licable law ot�ezwise Provides+the Pmceeds sba11 . —
<br /> :`"� ` ta�ng,�Iess Boaower and Lender otheiwise aScee in wLtinB anless apP '�
<br /> , �`'� —
<br /> `� _ � be apptied to the sams secuied bY tl�is Sec�ity Iasdn�ment vvbether os nnt the st�s a�then dae. 4`
<br /> �, . . c r offezs to make an
<br />-- � , ff the PmpertY is ahandoned by Boaower,or i�after nottce bp Lender m Boaower tl�aat the conde�no ,,_��
<br /> - . -- awazd or seWe a claim for damages.Bouovver faiLs W respoad ro Lender wit6in 30 days afte.r the date die nndce is given, . '�_•-.-
<br /> ` ' '' Lender is authorized W collect and app1Y the Pmceeds.at its npuon,either to reswradon or�epair of the Pmperty or w th�sams �,�i.
<br /> <+i.. : �� y�p�ment,whether or not theu due. ��:ar`
<br /> ;;. . . sewred by this Secanty w writiag. anY aPPlic�on of pmceeds to principal shaU not eatend or `�'
<br /> IINess I�en�er and Bonower othe:wise agree � �
<br /> �W in ara 1 and 2 or cd�ange the amoont of sach payments. •.._�;. �;'�;;
<br />_ .._ . ., postpone the dne date of the monthly payments P B�N� . .�_._._ .-
<br /> ii.Borrawer Not ateteased;For6ea�aa�BY�a�'Not a Waiver.Exten�on of the wme for payment or mod'�ation
<br /> -�a: . ,,.
<br /> Y
<br /> 1• of amortiratioa of the sams seaued Dq t b i s Se�ri ty I n�c a m e n t g i a n t e d b y L e n d e r w a n y s u c c�sor ia interest of Boaower shaD •'�..�'
<br /> T.,�x
<br /> � not operate w release the liability of the original Basmwer or Boimwer's saccessozs ia interest.Ixnder shall not be reqatrea tn .
<br /> : L `- commence Prac�din8g���Y suocessor ia interest or refose w extend time for payment oz otheiwtse madiify amostizat�on ;� ' �
<br /> °�� � of the sams secared by this Secariry Inspnunent by reason of aay demand made by the original Borroarer or Bormwer's ;,:�
<br /> .. . s¢ccessora ia interest.Aup forbeatance bq Lender in exencising auY riSht or mmedY shall aot be a waiver of or prec�nde the - �,-
<br /> :�_
<br /> � exercise of anp right or remedy. The covenauts and a�enm of this . ;;� ` :.�=-.-•
<br /> . , � l2. Successois aad Assigas Boimd;Joint aad Severa4 IdabiHtyi �• . . � -�.;-
<br /> - ' � � - Secluit}► Inst�ent shall bind and benefit the saccessors and assigos•of Lender and Borrower. subject W the provision4 of • .`:,�
<br /> . ' paragtaph 17. Borrower's cavenatus and agreements shall be joint and several. Any Borrower who cw-signs tmis Security ' ,�
<br /> ' I n stnmie n t b n t d o e s n o t e x e c n t e t he Note: (a)is co-si g n i n g tbis Secarity Inmomeat onlp to mortgage,Sraut and wmey that . '�, _;,�
<br /> ' Bormwer's interest in the Property�der the tem�s of this Security Insuument:(b)is not personally obligated W pay t h e sums . • _
<br /> � . " secvred by this Secaricy Iastmmenfi anli(c)agrees t1�at Lender aad any other Borcower may agree ro extencl.maclify►.forbear or • . ,s,,,
<br /> c?; . . , wake any accammodations with regard to the terms of this Security In.suument or the Note withont ttiat Eorrower's coaseiu. ��'. ' _-_
<br /> � 13.Loan C6arges.If the loan secured bY this Security Insaument is subjert to a law which sets maaimum loan charges. . ..
<br /> and that law is Snally inte�eted so that the intecest or other toaa charges collected or to be collected in conneco�oa with the 'i;:
<br /> - • toan exceed the pesmiued limits. then: (a)anY such loan charge shall be reduced by the amonnt neces.4arY to redace the chasge .. : •,.E?,'�
<br /> • to the permiued limit;and(b)anY sums a�dY collected from Borrower which exceeded pemoiued timits will be refaaded W : > :. • .
<br /> • Bonawer. Lender way choose to make this refund by ieducing ttie prtncipal awed nnder the Na�te or hy maldng a direct . .
<br /> � payment to Borrower. If a refand reduces principai, the reduc6on will be ueated as a partial preAayment without any .
<br /> �. , prepaymeai chuge under the Note. ..
<br /> � 14.Noticea.Any noace to Bocrower provided for in tlus Secutity Inswu►ent sLall be�iven by delivering it or by mailin8
<br /> �• . it by fitst class mail unless applicable law requires use of another method.The aotice sha111rz diaected to the Property Address . _ •
<br /> ' ' or any other address Borrower designates by nodce to I.ender. Any aodce to Lender shall be given 6y t'irst class mail to
<br /> � Lender's addc�ess stated herein or any other address Lender designates by nodce to Borrower. Any notice provided foi in this .
<br /> � Security Insaumeat shall be deemed to have been pven to Borrower or Leader when given as pmvided in tbis paza�rapl�. ' �
<br /> . 15.Governimg 1.aw, Severabflity. This Setvrity Insavment shall be govemed by fedetal law and the 1aw of the � �
<br /> jurisdicdon in wluch the Property is located. ln the event that any provision or clause of this Security Insuument or the Note
<br /> conflicts with applicab2e law.such conflict sball not affect other provisioas of this Securiry lnsuument or the Note which can be
<br /> given effect withont the conflicting provlsion.To Wis end the prwlsions of this Security lnstn�ment and the Note aze declared
<br /> . to be severabte. �
<br /> � � 16.Bosrower's Copy.Bosrower shall be given one confonned copy of the Note and of tbis Security lnswment• : .
<br /> • Fotm 3028 9/90 •
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