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. .-- — _ �_ .Y,_�r�,�^�.;�;;,� _ _ - --- --__-- .. -. —.,: - _ _ �'-- � . � �.�,�:�..�,-�:..:�� 98— �,c;�39 paymcnts may no langcr lx required. at thc option of I.,cnder, if inongugc insuruixc:c<�veragc(in thc untount und for thc peri�xl that I.ender requircs)providai by un Insurcr appmvcJ by Lender uguin bcromcs uvuilublc und is ohtaincd.Horrower shali pay thc premiums required tc►mulntain mongagc insurance in effect,or to provide u loss rc;crvc,unUl the rcquirement far mc�rtgage insurauce ciuls in accordance with nny written agreetnent bettiveen Bnrrower nnd l.ender or�ipplicable liiw. _ 9. Irappctlon. Lxrxfer or its agent mey rnake reusanable entries upon and inspections oF thc Yr��perty. L.eixler shull give Barmwer notice at the time of or prfor to an insptction spa:ifying reasanable cause for the inspertfon. 10. CondemnANon. The pnxceds of any award or claim for dau��ges, direct or con,equcntial, in cunncctiun with uny condemnation or other taking uf u�ry pa�i uf tr�e i r.�r�.:ty,or.or.otiv.y�n;�izi lieu of condemnatiaei, are hereby;��sioncxl and shall be paid to I.ender. In the event of a totul taking of the Property,tho proceeds shall be applis�d to the swns secured by this Security Instrument, whether or not then due, with uny excess �id to Barrowcr. In the event Af a partial taking of the Property in which the fsir market vnlue of the Property immediatcly beforo the taking is equal to or greater than the an�ount of the sums secured by this Security Instn►ment immediately bef�ro thc taksng, unlese Hc�rtwwcr and I..ender otherwise agree in writing,thc sums sccured by this Sexurity Instrument shall be reduced by tht :nnount of tlte proceecls multiplied by the following fraction: (a) the total amount of the sums secured immediately btfora the taking, divided by (b) thc fair market value of the Propeny immedietely beforc the taking. Any balance shall be puid to Boaower. Tn the event of a partial taking of the Property in which the fair market valuo of the Property im[nedintely before the taking is Ie�s Q�an tlie amount of tho sums sccurcd imm�iiatcly before the wking, unless Aorrower and Lender othtrwise agree in writi�g or unless npplicable law othcrwisc providcs, the proceeds shall , t►e applied to tl►e sums secured by this Securiry Instrument�:hether or not the sums nre rhen doe. If the Property i�Abandoned by Borrower,or if,after notice by Lender tc�sorrower that the condem�wr offers to make an award or settle a clsim far damages,Bonower fails to respond to Lender witl�in 30 days after the dato the notice is given, Lender is authorized to collect and apply theproce�ds,at its option,either to restoration ar repair of the Pro�erty or to the sums . secured by this Security Instrument, whether or not then due. U�nlGSe Lender and Borrower otherwise agree in writing, uny application of proceeds to principal shall nut extend or postpone the due datc of thc monthly payments referred to in paragrephs 1 anc12 or change the amount of such payments. 11. Boreower Not Rekased;Forbeanr_ce By Lender Not p W�iver. 8xtension of the time for paryment or modification of amc�rti�alfon of the sums secured by this Security Instn►mcnt granted by LenQes to any successor in interest of Borrower shall not operato to release[he iiabiiity oC ii�c�rigiiiui S�iiJiy2P vi;urr�wcr's aucc;,�sars in ini�r�st.Ixntier�a!! n�t!+e re;�!i�wl rn cammence proceodings against any successor in interest or refuse to extend time far payment or otherwise�m�dify amortiuUion of the sums sxured by this Security Instn�nnent by rcason of any demand made by the original Borrower or Borrower's suoce�soce(n interest. Any fortxmrance by Lendar in exercising any right or remedy shall not be a waiver of or preclude the oxeroise of any•right or remedy. 12. Suoces,sors pnd Assigns Bound;Jolnt and Several Llubil(ty; Co-slgners. The cavenants and agraments of this Sxurity. Instrument shall bind and benefit the successors and assigns of Lender and Bon•ower, subject to the provisions of . .�pxrpgrap�,17: Borrower's covenants and egreements shall be,joint and several. Any Bonower who co-signs this Security Insaunicnt,but�ducs not excxute thc Note:(a) is co-signing this Security insnvment only to mortgage, grant snd convey that Bntrowtr'S intanst in the Propeny under the terms of this Security Instrument:(b)is not personally oblignted to pay the sums � • sxut�ed by thiF�Security Instrument; and(c)agrees that Lender and any ather Borcower may agree to extend, modify,forbea�or make xnp�q�commodations with regard to the terms of this Security Instrument or the Note withaut that Borrower's consent. 13.Lo4n Chuges. If the loan secured by this Security Infitn►ment is subject to a luw whlch sets ma�cimum loan charges, ' sinnd that law is finally inte�preted so that the interest or other loan charges callected or to ba callected in connect[on with the Ioun exceal the permitted limits,then.(a)any such loan ch�rge shull be reduced by the amount necessary to reduce the charge to the permittal limit: end(b)any sums already collected from Botrower which excxdod pertnitted limits will be refunded to Borrower. I.ender may choose to make this refund by reducing the principal owai under tha Note or by making a diroct payrrknt to Borrower. If a refund reduces princips�l, the reduction will be treatal as a pertial prepayment withoul any P�►Y�M��Se under the Note. , . 14.NotkYS. Any noti;e to Bonower providai for in this Security Instrument shall be given by delivering it.or�by 1�iling it by Crst class mail unless applicable law roquires use of another method.Tlie notia shall be directed to the Property`Addcrss � or any athcr address Borrower dcsignates by notia to Lcndcr. Any notice to I..ender shall be given by first class mail ta �. Lender's a�Wress stated heroin or any other address L.ender dcsignatrs by notics to Borrowcr. Any notia providod for in this n Security Instratnent shall be dcemed to have been givon to Borrower or Lendcr when given as provided in this paragraph. �� 1S.Governtng I.aw; Severabllity. This Security Instrument shall be governod by falcral law and the law of tlie Jurisdiction in which the Property is locatod. In the event that any provision or clause of this Security Instrument or the Note � conflicts with applicable law. such conflict shall not affect other provisions of this Security Inst�ument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security lnstrument end the Note are declared � to be severable. � 16.Borrower's Ce�;.Ponower shall be given one confotmed copy of th�Note an;l of this Security instrument. Fam 3028 9/80 � Pp��01B � � •