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<br /> payn�ents may iw longer be required, ut lhc optian of�.cncier, if mortgagc Insurunce covcrngc(in tlfe anx�unt and far the period
<br /> that Lender requircs)provided by nn insurer npprovecl by I.ender agatn be;comes uvnilable uncl is obtained. Borrowcr shall pay
<br /> the premiums reyuirixi to i�urintuin iuurtguge insu�aince iu�ffc:ct,ur tu provide u lu,s re,rrvc,uotil t{ie��eyuireuieut Fur i�xntgnge
<br /> insurance encis in accordance with any written ngreement between Borrower and Lendor or applicable law.
<br /> 9.InspecNon. [.endcr or its agent may make rcASUnablc entries upon unA inspcctions of thc Propcny. Lender shull give
<br /> Borrower notfce at the time of or prior to an inspection specifyinp reasonnble cUUr,e far thc inspection.
<br /> 10. CanderntutNon. The proceeds af any award or claim for damages. direct or cansequential, in connection with amy
<br /> condemnation or other taking of any part of the Prapeny, or far comeyunce in lieu of condemnation, a�e hereby ussigned and
<br /> shall be paid to L.ender.
<br /> In the event of a total taking of the Property,the proceals shuU be appliui to the sums securai by this Security Instrument, � i
<br /> whether or not then due, with any excess paid to Borrower. In tlto event of a partial taking of the Property in wtilch the fair
<br /> market value of the Property immediatcly before the taking is cqual to or greatcr than the ar�ount of the sums secured by this
<br /> Security Instrument imme�iately before the taking,unless Bonowcr and L,endr.r uthcrwise agrec in writing,d�e sums secured by
<br /> this Security Instrument shall be raluced by the amount of the procceds multiplied by the following fraciion: (a) the total
<br /> amount of the su�ns secured immcdiately before the taking,divided by(b)the fair market value af the Property inunediately
<br /> before the takin�.Any balance shall �e paid to Borrower. In the event of a panial taking of the Property in which the fair
<br /> market value of the F'�xaperty imrnediately bcfore the taking is less than the amount of the sums secured immediately before thc
<br /> , taking, unless Borro�ver and Lender otherwise a�rcc in�vriting or unlc�s fipplicable law otherwise provac�es, the proceeds shall
<br /> be applied to the sums serured by this Security Inst�ument whetlier or not the sums are then due.
<br />' di the Property is abartdoned by 8orrower, or if,after notice by Lendcr to Borrower thnt the condemnor offers to muke an
<br /> award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the dute tlie notice is given,
<br /> I.ender is authoriud to collect and apply the pmceccls,at its optiun,either to restoration or repair of the Property or to the sums
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Bonower othenvis�agree in writing. any applicntion of prcxceds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Nat Released;Forbwrpnce By Lender Not a Wplver.Extension of thc time for payment or modific�tion
<br /> - of amortization of the sums securod by this Security Instrument granted by Lender to any succcssor in intcrest of Bortower shall
<br /> not operate to releuc du liability of the origlnal Bonowcr ar Burrower'r succcssars in interest. Lender shall not be roquired to
<br /> � commence proceedings against any succcssor in interest or refur;e to extend time ior payment ar atherwise mcxiify amortization
<br /> of the sums Fecured by this 5ecurity lnstrument by reason of any dcmund mAde by the original Borrower or Borrower's
<br /> ! successors in intere.ct. Any forbearance by Lender in ex�rcising any rlght or rtmedy shall not be a waivcr of or preclude the
<br /> exerciso of any right or renxdy.
<br /> j12. Suocessots and Aesigno Bound; Jofni and Sever�l LiAWlfty; Co-slgners. The wvenants and agrecments of this
<br /> � Securlty Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br />=fi paragraph 17. Bortower's covenants and agraments shall bcs joint und several. Any Barrower who co•signs this Security
<br />+� Instrument bat daes not execute the Note: (a)is co-slgning this Securiry [nstrument only to mortgage, grant and convey that
<br /> Borcower's interest in the Property under the tenns of this Security Instrument;(b)is not personally obligated to pay the sums
<br />'f secured by this Secur;ty instrument and(c) agrees that Lender and any other Borrower may agree to extend,modify,forbear or
<br />:r
<br /> i malce any accomnwdations with regard to the terms of this Securiry Instrument or the Note without that Borrower's consent.
<br /> i 13.Loan Ch�uges.If the loan securcd by this Security instcument is subject to a law which seYs maaimum loan charges,
<br /> ' and that law is Fnally interpreted so that the interest or other hoan chnrges collected or to be collected in connection with the
<br /> ' loan exaed the permitted limlts, then: (a)any such loan charge shall be reducal by the amount necessary to reduce the charge
<br /> �; to the permitted limii;wxl (b)any sums alreAdy collected from Borrower which excc�eded permittod limits will be refunded to
<br /> � Borrower. Lender mny choose to make this refund by reducing the principal owed under the Note or by making a diroct
<br /> . paymcnt to Bnrrower. If a refund reciuces principal,,the reduction will be trcated as a partial prepayment without any
<br /> ��xpayrrient charge under the Notc.
<br /> ' 14.Notias.Any notiee to Borrower providecl for in this Sc:enrity Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of nnother method. The notice sball be directed to the Propeny Address
<br /> or any other address Borcower designates by notice to Lender. Any notice to Lender shall be given by first class maii to
<br /> Lender's address stated herein or any other address Lender designAtes by noticc to Borrower. Any notice provided far in this
<br /> Socurity Instcument shall be dcemcd to havc bccn givcn ro Botro�vcr or Lcnder when given as provided in this parasraph.
<br /> 15.Goveraing Lww; SeverabElity.•This Sccurity Instrument shnll be governed by federal law and the law of the
<br /> jurisdiction in which the Pruperty is located. In the event thAt�ny provisian or clause of this Security Instniment or the Note
<br /> eont�icts with applicable law,sueh conflict shall not affect other provisions of tl�is Security Instrument or the Note whieh can be
<br /> given effect withaut the conflicting provision.To this end the provfsians of this Security Instrument und the Note are declared
<br /> to be stverabla
<br /> � 16.Borrower's Copy. 6orrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 9/80
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