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<br /> ` � �1 payments may no tonger be requi�etl.ai the option of Leada.if mortgage ins�uaace caveqge('m the amount and for the paiod `. .' G ,g-`
<br /> `., t6at I.ender requines)Pmvided 6Y an i�us�e A P m v e d by L e a d e r a�n becomes ava�7able and is obtained.Boaawer shall pay the '� :,•. �>�:.C, ,�
<br /> , < �-' i p�iums requised to maumtain mortgage ins�uance m effect,or m Pmvide a toss resesve,wnu7 the req�ent for mortgage � : � �
<br /> ' � ` ; �uance ends in accordaace wiih any written a�emeat betweeu Boaowca and Lender ar applica6le law. . , <<
<br /> � 9.InspecNoa Leader ar it�ageat may make reasonable en�ie.s upoa and 'mspectians of the Praperty.Leader shall�ve , ��
<br /> ;} Boaowea notice az the dme of or pii�r to an inspectioa specifS+ing r�asanab2e cause for t h e inspecsion. -, .
<br /> — . 10.Condemnatinn. 'tiie proceeds of any award or dai� for damages.d�Ct as�u�,iB sonn� with any �'- `-
<br /> � condem�ion or oiher t�lang of any patt of the Propezty,or for conveyance m lieu of condemnation,are heieby assigned and : �1 <<..c�
<br /> , � • shall be paid w Iruder. . .
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<br /> ' � In the eveat of a tntal takiaS of the Piropeaty,the praceeds sdall be applied w the sums sec�red by this Seaaity Insuument, .•�' ' ' ' .
<br /> ` ' whed�ea or not then due,with anY excess Paid to Borrowea.In the eveut of a parpal taking of the Praperty m which t�e fair market _ . .
<br /> ' . watae of the Propaty immedi�ely before ihe hal�ng is equal to ar g�r�t6aa the amo�mt of the sums sec�aed by d�is Sec�uity . .
<br />- - � • Instr�meat iminediarely 6efore the qkmg,antess Baaawer and Leaider othera+ise agree in writing,the snms secuied by this ,:�:Y,`
<br /> . se�uity Instrameut shaII be reduced by the amount of the pmceeifs mufup�by We foltowing fcactioa(a)die tniat amnuat of , �,` �.`,:':.-
<br /> . . the sa�ns sec�ued�nediaoely befare the taking,divided by(b)ttie fa�mazket value of the Pmpeaty immediately 6efore the s, ,��'-`' �' ._ --
<br /> , ., . talang.Aay batance shall be paid w Borrower.In the event of a partial tatdng of due Pmpeity in which the fsa market vaWe of the - �_'_
<br /> ' . . • �P�Y ��Y 6efore the taking is Iess than the amo�mt of the sums s�aed imruediatelY befine the takrog,unless -
<br /> Bormwer ancl Lender o�erwise agree in writing or imtess applicable law otheawise pmvides.the pmceeds shall be applied to the .
<br /> . . - sums se�tued by Ihis Securiry Insuument whether or nnt tDe sams ac+e then dae. . ' .--
<br /> � � � 1f the Propeaty is abaadoned by Bamrower,or if,aftea notice by L.e�er to Bortowea that the cond�nor offeas to make an • ..,:�,�.
<br />- , ' . :' awaN oz settte a ctaim for damages,Bormwea fails w�espond to l�uder within 30 days after ti�e date the notice is given,Ieuder �..,`�;,�.._
<br /> " is authorized to collect and agply the proceeds,at its opdon,eith�to restorarion or repair of the Fropeity or w the sums sec�ued . . `,-r;-`:_
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<br /> '• by tl�is Sec�ity Iasaument,wheihet or aat thea due. � _�
<br /> � ',`�. Uniess Lendea and B�rower othe�wise agree in wrii�8,anY aPPUcarion of psoceeds to principal shall not exteud or Po�e _..__
<br /> . a the dne date of the moathiY paymeuis referred to ia paiagrap5s 1 and 2 or c6ange dte amount of sach payments. • . --=W,-
<br /> .�_ . . ._��� 1L B�smwer Not Reieased,ForDearance By Leuder Not a Waiver. Extensiun of the time for payment ar mod�aiion • .�=: :y.---
<br /> ;� ,` of amartization of the sums secured by this Seauity Insa�um�t grauted by I.caider to any sac�cessor in mtraest of Boirowes shall , . ., . _n
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<br /> � not opeaate to release the liab�7ity of the original Borrower or Borrower's successms in interest.I�der s�+aII not be requ�to . • . ;, .-�
<br />:,�;, _ � . commence praceedings aSainst anY suoce�or in inteaest or r�efuse w extead tiome fos payment ar oihe�arise modify amorti�ation of � Y_ ---
<br /> • the sums secured by this Secarity Insocament by reason of any deaaand made by t he o r i g i n a l Bosmwed oz Bormwer's sa c c e s s o r s •�.,.;t;�,�
<br /> •' ui inteaest Any forbearance by Lender in exeacismg any ri8ht or remedy shall not be a waiver of or psectude the eacercise of any � ''�:..--_
<br /> �, right or remedy. . . ���:•_<':
<br /> � � � lZ.Successors and Asdgns Boand;JoiQt end Several LlabNty;Co-signcsa 7he covenants and agreements of this � :-sF�
<br /> � ' Seaaity Instrument shaII bind and benefit the successors and assigns of Lender and Borrawer, subject to the provisinns of � � . �:��•_
<br /> °�'� p�agraph 17. Borrower's covenants aad agceements shall be joiat and several. My Sorrowcr w�o co-signs d� Secatity ' � . ..,:�£
<br /> ' Instrument but does not eaecute the Note: (a)is co-signing tbis Security Insnument only to mortgage,gtant and convey that " . "� � y
<br /> .� Borrowcr's interest in the Properry undea the teams of this Security lnstrument;(6)is not personally obtigated ro pay the sums . ��.����
<br /> � � secared by this Sec�uity Instrumen�and(c)a�s that Lender and any othec Boirower may agcee ta extcnd,modify.fo�or • ' .:,�,;.
<br /> � � matce any accommadations with regard w the temis of this Security Insuument or the Note without thai Banower's coasent :. . � ::��=
<br /> I3.Laan Cbarges. If the loan secared by this Security Insuument is subject to a Iaw ahich sets masimum laan charges. . ..�`-�
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<br /> ,., I and that Iaw is fu�ally inte�pretrd so that the interest or other loan charges coltect,ed or W be colleMed in cannection with the toan .
<br /> l e�cced the pamituA limits.then:(a)any such loan charge shall be reduced hy the aawvnt necessary to reduce the charge to the _.�_•��.
<br /> . s Dermitted limit;and(b)any sums already wllected from Borrower which eacceeded pqmiued limits will be ref�mded tn Bormwea. . :'° ,: .
<br /> � 't Lender may choose w make [his refund by reducing the principal owed under the Note or by malting a direct payment w .
<br /> �f} •i Borrower. It a refund reduces principal,the mduction will be veated as a partial prepayment withaut any prepayment charge . ',
<br /> ' % undea thc Not�. � ' . ...
<br /> � . � ' j 14.Not�ce�. My notice to Borrower provided for in U�is Securiry Inswment shall be given by delivering it or by mailing it . • � .
<br /> _ . • a by fust ctass mail unless appticable taa+requires use of another method.The notice shall be d'uected w the Pmpeary Address or .
<br /> ' r_ � �� any othea address Borrower designares by nodce to Lender.Any notI�ce to Lendea shall be given by first ctass mail to LerMer's ,;, .
<br /> address staced herein or any other address Lender designates by notice to Bormwer. My notice prm+ided for in this 5ecurity
<br /> .. : . � . 1 Instrumcnt shall be deemed to have been given w Borrower or Lender when givcn a9 provided in�his paragraph. �:, . -
<br /> . � � 15.Governing Law;Severa6ility. 'Ifiis Security Insuument shall be goveaned by federal 1aw and tlio law of the
<br />. � .. � :t jurisdiction in wluch the Property is lacated.In the event that any provision or ctause of this Secusity Instrument or the Nat� . .
<br /> � ' � � oonflicts with applicable 1aw,such conflict shall not affcct other provisions of this Securiry Inswment or the Note whlcd can be � .
<br /> . . � given effect without the conflicting provision.To this end the pmvisions af this Security lnstrument and the Note are dectared to .
<br /> '. bc severabla •
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<br /> �. . • Form 3048 9/90 • . �
<br /> . . u�'�-8R(N�tsztzt.o, Pago�ole �naiate: C '. .
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