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<br /> ' ' �� payments may no longer he required.ut the opdon of Lender.it mortgnge ix�surance covernge(in thc emovnt and for the period �:
<br /> =�--"?� thai I�Qar reqnirea)Pmvided by nn ivaurer appmved by Lr.nder agaiu becames nvnilable arad is obiaiaed.Borrower shall pay 4
<br /> �.p the pnmiums required to maintnin mortgage lnsurunce in effect.or to pmvide a loss resezve,until the requireinent for m�ortgage "
<br /> � �b insurauce enda ta accordaace with any written Ag[�eunnt between Bomower und Lender or npplicable Iaw.
<br /> � 9. Inspection.i.euder or Its agent muy mnite reasonable entries upon azed lnsspectlons of We Property. Lender shall give 6
<br /> 1
<br /> ��' '�'� Borrower nodce at tke tl�of or prlor to an iaspection specltj►ing nasoaable cause for the ta�spcction. _
<br /> 10. �na�.kna��taa 'I�s proce�ds of uny m��tud ar c1�im for�amnggs, direct or consequendal, in connection with any �
<br /> �• oondemnation or other ttking of any part of tha Frqpertyr�or for conveyanr,e In lieu oi candemnation,are hereby assigned and
<br />_. �. shaU bo paid to Lender.
<br /> ;�� In the event of a total taktna of tho Prope:ty.tba procesds shaU be applied to th�aums secured by this Secudty Instrumern,
<br />�. .:,,�� whether or noi then due,wich any excess p�id to Bonm�ver. Ia the event oY a pa�tial taldng of the Pragerty in which the fair
<br /> _- ,�_�� market valuo of the Pcoperty ia�medintely before tbe utking is equal to or greater than the amounc of the sums secured by this
<br /> _ Securlry Insuument immsdiately 6efore the taking,unl�ss Borrower and Lender othenvise agree in writing,the sums secured by _
<br /> tbis Security Insuument shaU bo teduced by [be ammtnt of the proceeds mWtiplied by the followjng fracdon: (�t2te total
<br /> ;,�Y:"�= amouat of the sums secured immediutely beforc tbo tp�sf�g, divtded by(b�tb.e fair maxioet value of the Property immediately
<br />=_�5.= . before the mking. Any balance shall be paid m Burmwer. Ia ttce eveat of a partiel taking of the Prap�ty in which the fair
<br />:�;��:�' market value of the Property immediatoly before tbe taking is less than the anxouat of the sums secumd�nnn�edlately bsfore the
<br />-��� taldng,unless Borrower and Lsader oihB�agree In wrItlag or unless applicabla law athenvise provIdes.the praceeds shall
<br />__ be applied to the sums saured by thIa SecurIry L�at�uuBnt ahether or not the sums am thr.,n due.
<br />µ�;`�"� U t�e laraperty is abaudouett by Sor:ower,ar i€��r notice hy Lcnder to Borrower tbat�he coQdra�vr offers to m,atoa aa -
<br />--= award ar seute a claim for dmrmges. Bon+oaver fuile to.tespoad to i.eudtr wIthia 30 aays after th�date the natice is g�ven,
<br /> -���:� Lender is authorized to collect aad apply the piqceede.at its option,either to mstoratioa or repalr of tha Pmperty or to the sums
<br /> J^�:r_ secured by this Security Insnument.wbetuor or net theu due.
<br />;f;a.-;;�� Unless Leader and Bonewet othe�te agnee ln•arciting, any opPIic�ion of procxeds to priacIpal shaU noi extend or
<br /> _ :��.1��� postpone the due date of the monthly paymenca refened w in paragraphs 1 and 2 or change the amouat of sucb payraents.
<br />••-�;..�. il.Borenwer Not ReleasedR�lnthearartce By Leader Not a Watvea.B�ctension of the time for.payment or modificatlon
<br /> -'�-`���� of amortizadoa of the sums secund by ttila Securlty Iusuument granted by Lsnder to any succxssor Ia�interest of Borrower shall
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<br />���? uot operate to nlease the liabiltty of the origl�qal Botmwer or Borrower's successors ia iaurest. L.ender shall not be required to
<br />--__-_ — commaace pmcxodings aga�nat any successo�in Interest or reRua to extend tlme for payment or otherwise modify aiuortjzation
<br /> -- of the s�ms secured by this Securlry Inflt�ument by r�n of any demand made by the original Bonower or Bomower's
<br />_--°°- _ ��.Q��;��. �; g��p t��•t.�ndn£�n p;q��cir�o any right or temedy sttall not be a wafver of or preclude the .
<br /> _.°�.—�.� exercise of any rtght or nmedy. . °-
<br /> �_ —= 12. Suoc�ssors itrtd Asslgns Souau�:Jotrt �nd Sereral LiabWtY. Co-stgnere. 1]►e coveaants aad agrEemeats of this .
<br /> Securiry Instc�ment sball b�ad and banefiG the suocessars and assigas of Lender and Hotrower. subjoct to the pmvisiou.g.of
<br />_—_ _— pi�raph 17. Borrower's covennnte ajtd agrcemeuts aba41 be joint and several. Any Borrower who co-sigus tbis.Security
<br />. _ :9nstcument but dues not executa tlis Nate:(a)is po-signing ehis S�ty Insuument only to raortgage. grant and codW�y;Uast
<br /> •�irrower's inurest ia tha Ftvperty�:undctr tht tanns of tltis Sec�r�ry Insaumentt(b) is not personally obligated to pay�:tl�sums�
<br /> sec�nd by this Securlty IuEm�meatG oad(c)a,�rees that Lender aad aay othtr Borrower may agrce to extend,modify,fort�eas or. �
<br /> � mako any aecommodutlant�wtth ngard to the urms of this Security lnsuument or th�Nou without�tha�x�Borrower's'�onsen�, �,
<br /> 13.Loan Cl�urges.If tfto loaa secttred by this Securlty Insuumeat Is subjett to a law whicb sets maximura la�chazges.
<br /> anc(that law is fiaaUy intorq�r�ted so tbai the inurest or olher losn chasrges collceted or-to l�e coilected in wnnec,tion with the
<br /> loan exceed the permittcd iintits.dten:(a)any such losn chazge shaA bt teduced by the amouat nxessary to reduce the charge
<br /> to the permitted lim[t;atid(b)any sums already coll�from Borrower which exaeded permitted Itmits will be rcfunded�to',.
<br /> gormwer, I,ender mny choose to malce tLis refund by crducing the principal owal under @te Note or by making a direct �
<br /> payment to BoaonrQr. Iff a re�nd reduas principal, the reduction will be ueated as a partlal prepayment witheut aay
<br /> pR�ipnymant charge undar tlte Nou. �
<br /> ':,: 14.Notices.Aay�otice w Borrower pmvtdod foa ia this Securlty Insuumeni shatl be given by deliveru�it orby caailing
<br /> -.---_ ._—.....: �,. it by flrst cless mnil nNess applieable la.v�+d nse of eaother method. 'Ihe aotice sha11 be directed�to the Praperty Address
<br /> _= ' or any other address Borrower designates by nofla to I.ender. Any notia w Lender shall be given by flrst class mail to
<br /> � �nder's addrsss stated hereiu or an}r other address Lender designates by aotice to Borrower. Any�aotice provtded for in this
<br /> �, Secvrity Insceumeni shall be damcd w have been givea to Bomower or Lendar when glven as provided ia this ParagrapQ.
<br />_ ... 15.Governi»g Lawi Severability. This Saurity�Iasttument shall be govemed by federal law aad ttie law of the
<br /> — 'jitilsdic.tiioa i{t.which the Propeity is located. Ia the event that nny pmvtsion or clause of this Security Instrument or the Note
<br /> oqs�tfets witD npplicablo law,such conflia shall not affe�x oiher pmvisions of this Securiry Insnwnent or the Note which can be
<br /> , �vgn effect�'vitiiout the conflictiag pmvision.To i�is end the pmvisions of this Security Instniment aad the Nou an declaced
<br /> .-�� • �to:gu atvarable. .
<br /> --- . : 16.Borrower's Copy.Bonower shaU be givrat one oonforaQed copy of che Note aad of this Sxuriry Insprument.
<br />�--�--��.^� . . Frnat 3028 8J80
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