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<br /> .,.,.,.._a. RE•RECOR����°°�.��a���� _
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<br /> . ��r •� payments may a�long�r ba required,ut the option of fi.endcr,if rtwrt��gc ipsuaunoo coverago(in thc n�ftaunt���fo�iHe�efiod
<br /> that Lender requires)pmvided by an Inaurar approved by Lendsr agratn becomss availablo nnd ta ohtnined. Bortower ehall p�y
<br /> � w � the pnmiums required to muintain mort�tage insumnce ln elflat.or to pmvid:a lo�+reserve.nntil the requircment for martgage `
<br /> : . �,�; insuceace ends in accordancx with any writtan egroemc�nt betwee�9ormw¢r end l.cnder or nppUaable law. `
<br /> . �, � 9. Inspectlon.Lendex or ita ugent may moIco r�r,�ot��ble+eattiea upan nnd inapccttona of the Property. Lendcr shall aive
<br /> , '"r� Bonov�er notica at tha time oY or prior to an tnspectio�a sp�cifyimg masonable c�use far tho tnspection. =
<br /> 10. C�ndeiematton. 'The proceeda of any nward or cir,i�a for damages.direct or conaequentiut, in conn�ction aith dny =.
<br />';��^_•�,•� rondemnation or other takiag of any part of the Pmperty. or for conveyaacc in tieu of condcmnation,nre hereby asalga�mid
<br /> ahall be paid to Lender. r�
<br />--��_� In the event of a total taking of ehe Pcoperty�che pmcecds abait be uppNr,d co the suma secnreA by this Securlry instnimc�►t, �
<br />-��' whether or not then due,with any ea�cess paid to Borcowcr.In thc event of a paniai takisig nf the Property ia wbich the fair
<br />--_��ii,� market vatue of ttee Property immediately befare ttt�t�lkiqg ta equal to ar greater thaa the amouat of the st�ms secured by this =
<br />:"'�""'"� Serudry Inaicument immodiauly before the t�ing„uMess 8arm�vor and Lender oti�ere�se agrea in wdttng.th�suma secund by
<br /> . :_�� th3s Securlry Iastrament ahail be reduse� by ttt� am�aunt ot t�pmceeds multipNed by We foUowing fraction: (a)the totul
<br /> �unount of the sums secured Immtdiata3y btfara thm tAkit�,diN1�2�by (b)the fair murket v�lue of the Property immedit►tely
<br /> ':•�`".' befon the taking. Ai►y baltace ehall br pa�d ta Ban�awec.ln.th�eve,�t of a partiel taking of the Pt�operty in wbich tha fair �
<br /> '�:�;``_:ti'� raarket vnlue of the Propwrty�ittsmediate�y befara dta t�g ia.laso tti�a tlte amount of the awas securcd immetttately before the
<br /> �:,•:�''"��t taking,unless Borrower and�i,e�de�oth�n�vise qgree tA wr3tiags or�w�tlsss applicabla law otheiwisa pmvides.We pmooeds shall
<br /> :;:•1::, • be applied w the sums secuta!by this Sa�vlty Instst►m�at,►br,eE�t¢�c�t,not the ewns ere then due.
<br />_"'-�::�?�;;'+ If the Property is abandoned by Bormwe�,or.If, afl�aptiCR�Y I.ender co Borrower that tbe condemaor offers to make an
<br />�=�='_'=�°�H' award or settle a clalm for dazu�ges,Born►wa�fatls.ta r�spio�n�to Lender wItbin 30 days after the date the aades is gtven,
<br />=���'��'� Lendsr!s euthorizM to collf�ct an4 1 tltp prsmeeds�,�t:it�;opt�on.EIthCI[O iCStOiBtIQA OT aIr of the Pro �
<br />,=,,;;;�,�.-:�� �PP Y �F P�rtY or to the sums
<br /> �.�a��-.,f,� secur�d by this Security Instnument� w4qt�s or,aat�th¢�.t�G��.
<br /> --^'":"° UNess Lender and Borrowcr otlt�v3sa agrae iai�wriNn . anY apPlicat�on of mooeds to rinci al shaU not extend or
<br />_;^:.���. ffi P P P
<br /> �����"sS_� postpone the dua daus of the monthly�pa,y,m�6a3s,mf�cta�9•ta in paragraphs 1 and 2 or chaage the amauat of such paymenta.
<br /> — -- Il.Borrnwer Not Relasal;Forbai�pfteEe$y�•D,c�d�Not a Woiver.F.xtena[on of tha tirae for payment or modificarioa
<br />"_^�� of amo�tion of the suats_secuuod by this�s�n�Tn�miment granted by Lender to any suocessor in interest of Borrower shaU
<br /> ..--� nQt operaus to release the 1fabUIty of the origia�]��rnrower oc Borrower's suocxssors in interest.Lsnder shaU ttot be raquircd to
<br /> _ commonce proceedings aga4nst any.su�ssor•in interest or refuse to extend time for pt�yyment or othenvise modify aznorti�ation
<br /> ---_�r� of the sums secvrcd by this Sea►dry�Insnua�ent by nason of any demand made by the orIgival Borrower or Borrower's
<br /> ___�� susoes,gora in intere,at. Auy forbcaranae by L.ender ia exercisIng aay rIght or reaudy ahali aot be a waiver of or precIude the
<br /> exercIse of any dght or remrdy.
<br />.��a IZ. S�sors aarl �Igav Bound;Joint ea�i,SevezW IdabWty; Co�si�ners.The covenants and.agreementa of this
<br />'��w•�� Securiry Insaument shall �ind and benefit tlte sucflesr�ore and assigas of Lender artd Bonnoover. subject to the pmvisions of
<br /> -=__';� Pazagraph 1T. Bormwer's covenante and agzeements shall be joiat and several. Any Borrower who casigns this Securtty
<br /> -���� Insuumant but does aot ear,tatte the Note: (a) is oo-s�gaing this Seauity Insuumeat only to mortgage.grant and convty that
<br /> -- --�-�.:� 8orcowtr's interest ia tlz� under the terms of thia Sxuri Insuument;(b)is not
<br /> — �P�Y tY Personally obUgatod to pay the suaas
<br /> _--_�— 'secund by this SecvrIty tns�ument:aad(c)agrees tbas Lender and any othez Bor�wQr may a�ee to extead,modit�,forbear or
<br /> — ' rnaice any eccommadations a+Ith regard to the oerms of�tis Saurlry Tnst�ument or¢hu Note withaut that Borrpw-er's consent.
<br /> _----=- ��.''�' � 13.Loan Cbarges.If tha loan sxurod by this Security Inst�ment is subjeet to a law wlaich sets maxiuiiim loan charges.
<br /> ----;:�:��:'. and that law is fiaally interpreted so thai the interest orother loen charges coAected or.to be.callectod ia connectfon wIth the
<br /> ------�{ loan exceed the parmitted limits.then: (a)any such loan charge shall be reduced by ahe amoiint neoessary to reduce the charge
<br />'""— ----- '.�:'to the petmiuod limit; aad(b)any sums already collected �rom Borrower wbich exceeded porrttittai limits vv�U be refundod to
<br /> ;� $on+owex. I.ender may chaose w malce this refwtd by t�educing the princ3pal oqE¢imder tlte Nou or by maldng a direct
<br /> y-- ,:�. •�payment to Borrower. If.a refimd red�cxs principal, the reduction will be t�rated as a P� P�P�t without any .
<br /> ..._<�;.�,. ; ��prepayment ch8t�e.widOr tha Note.
<br /> "'�'� . 14.Nottets.Aby.notice to Bosrower provided for ia tbis Security Insuument sbaU be given by delivering it or by matliag -
<br /> :' it.'by fass.cli�vs m�ll iutteas applicable law requires us�of another method.The not[ck shall be directed to tho pmperry Address --
<br /> � or,any other,aqdi+ass�onawer designates by noHce to Y.endeT. Any nodce to �Lec�der shall be given by first class mait to �'°
<br /> _ __ Ixnder's address stated herein or any other addc+ess�nder designates hy aoti� ¢o Bomower. Any notioe pTOvided for in this •�°,`=
<br /> --- Secudry Ias�t shall be deemed to have beea given ro Bomower or I.ender ahen given as.pnwided in tLis paragraph.
<br /> 15.Ga'v.c�ing I.aw; 3�aa6Wty. This Sccudty Instrument ehaU be governod by �ederel law and the law of the
<br /> jutisdIction in which the Property is located. In tit�evaqt that any provision or clm�af thls Sdcudty Instnimeat or the Nou
<br /> confIicts with applicable 1�+,snch oontiict ahall not a�f'e�other provlstons of this Securlty Ins�t or the 1!ioce�which can be
<br /> :: given effax without the oonflleting provision. To this�end the pmv�sions of this Savriry Insttum,ent and the Note are daclared
<br /> . — w be severable. � �
<br /> 16.Bon+ower's Copy.Borrowa shall be given one ooffiormed copy of the Note and of this Security Inst�ument. �
<br /> - ., Form 3f028 J/80
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