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<br /> payments may no longer be requtred,at the opxion of Lender,if mortgage insurance wverege(in the amcunt and for the pedod
<br /> �� that Leader requlres)provlded by un lnsurer approved by Lender again Iw.coraes aveUable and is obtained.Borrower shall pay "
<br /> ,. , the premiuma req�ired to m�iptuin martga�e insurauce in efiecc.or to provide n loss nserve,until ttie reyuirement for mortgage
<br /> � insurance ends in eccordnnce with uny written agreecrtent between Borroever and L.eader or applicable law. �O
<br /> ' 9. inspectlon. Lender ot it�agent may make rcnsonable entries upoa aad lnspectjoas of We Property. Lender shall give �
<br /> , Borrower notice at the time of ar priur to an inspectioA specitying reasonable cause for the iaspection. � �
<br /> _ 10. Condemnatlon. The pr+ocxeds of any award or claim for damages,dlrect or consequential, in conuection wIth aay
<br /> � condemnation or other tnkins of any part of the Property. or for conveyeace ln lieu of condemnatton,are hereby assigaed and �
<br /> '; s�tall bc pafd to Len@sr.
<br /> � 1 in the event of a total taking of tde Property,the proceeda shall be appiied to the swns secured by this Security Insuument, � -
<br /> " �, .� ` whether or aot than duo, wlth eny eacess paid to Borrower.ln the event of a partiat takiag of the Pmperty in which the fair � 4
<br />_ �; market valuo of the Propecty immediately before ttte taking is equal to or greater then the amonnt of the suma secured by this '_`�
<br /> �- � � Securlty lnstrument immedIately before the taking,uniess Botrower and Lender othenvise agree in wriqasg,the sums secured by `
<br /> this Security Instiument ehnli be reduced by the azuouni of the pmceeGa multiplied by the followin�•. fractioa: (a) tde total -
<br /> amauat of the sums s�ecured itpmedlately before the taking�divided by @) the fair market value oF thcs Property immediately F
<br /> before the taking. Any balance shall be paid to Borrower. la the event of a partiai taldng of the Proparty in whtch the fair �_
<br /> „ � caarket value of the Property immediately before the talcing is less tben the amount of the sums secured immediately before the
<br /> ;�► taking,unless Borrower and l.ender othenvIse agree in wrIting or ualess a�plicable law othelwise pmvides,the proceeds shaU =
<br /> .. �. be appAed to the sums secured by this Secw�ity Insuument whether or not the sums arc then due.
<br /> If the Praperty is abandoned by Borrower.or if,after notice by Leriider to Borrower that the candBmnor offers to make an
<br /> B
<br /> , aweM or seule a claim for da�nages. Borrower falls to respond to Lender wItliln 30 days after the date the notIce Is given, ---
<br /> . �. Lender is authorized to oolte�t aad apply the proceeds.at its option.either to restoration or repair of the Property or to the sums --�
<br /> � secured by t6is Security Instcument,whether or not then due.
<br /> Untess I.ender and Borrower otherwise agree in wrlting, any applIcadon of proceeds to principat shall not eatend or
<br /> . „ postpone the duQ dete of the tnontbly paymeats tpfemed to in paragraphs 1 end 2 or cLange the amount of such payments.
<br /> ' 11. Fomower Not lteleased;Forbearacce By Lemder Not a Waiver. Bxtensioa of the tIme for payment or raodjfication --
<br /> _ _ „. of amortization of the sums secured by this Seruriry Inswment granted by I.ender to aaX auccessor in iaterest of Borrower shaU
<br /> ' aot operate w release the iiability of the or�ginai Borcower or Bornower's successors iu interest.Leader shaU not be required to �.-_.:_
<br /> oommencc pmoeed[ags egainst eny suocessor in ittterest or refuse to extend time f�s p�yment or otherwise modify amordzaKou �""
<br /> � ° of the aums secured by this ScevrIty Insuument by reason of aay demand made by the original Borrower or Bomnwer's --
<br /> - , - �° successors in incerest. Any forbe�atartce by I.ender in exercising any dght or remedy ahall not be a waiver of or preclude the -
<br />_ � ..:'' exercise of any rlght or rematY• e,,.-
<br /> . ��.�. ..-:; . ° iZ. Suocesois ana Assigns bouad;8oiat and�everAl i.ia�iiity► �o�Igae�s. 7'be covenants and agmements of this
<br /> - � SecurIty Iasuument shaU biad and beaeht the suxessors and assigns of I.ender and Bomnwer, subject to the pmvIaions of �
<br /> - �=�� . :� Paragraph 17. Bozrower's covenants and agreements shaU be joint and several. My Borrower who caslgas thia SecurIty .
<br /> =-r".�:'�=�:'".\ Instrument but doea aot execute the Note: (a) is co-sianinR this S�curitv r��n+P*+tanlvi ce mortaave. mam and onr►vev chat
<br /> �:��;,?;..�,'�' — Borrowe�'s intenst in the Property ander the terms of this SecurIry Instcument:(b) ls aot personally obligated w pay the sums -
<br /> �_�-�=�, secwred by tl�is Security Inspument:and(c)agrees that I.ender and any other Borrower may agree to extend.modify.fbrbear or
<br /> .�,��r�,
<br /> -.:�1..:��:r make any acoommodations with regard w the terms of th9s Securlty Insmimeat or the Nate without that Borrower's consent.
<br /> ''�'"�'.F �:``"T 13. Loan Chsu�gcv.If ttte loan secured by thia Securlty Insuument is subject w a law which sets maximum loan charges.
<br /> =c'"�::c:r�
<br /> " ---��•- and tl�at law is fwally iateipreted so that the interest or other loan c6arges coAected or W be wllected in ao�ection wIth the
<br /> -;��•+���ufi loaa ezoeed the pe�mitted llmits,then: (a)any such loan charge shali be reduced by the amount nocesaary to rcduce the charge
<br /> ==y='- `�� ta tltc ge-miKed limir, and(b)any snms already ra!lccted from Bormw.^.r which cxeoeded permitted 16�iu wi�t be cefunded to
<br /> --�s�.,'"~. Borrower. Leader ma choose to make this refund roducin the by making a direct
<br /> y by g principal owed imder the Note or
<br />�;�:`°_'�'`�_N� payment to Borrower. If a refuad reduces princIpal. the reduction will be treated as a partial prepayment without any
<br /> :'�}:-'��'��� pz'ePayment char8e uader We Note.
<br /> =-;:�="'�"� I4. i�Tottces.Any notice w Borrower provided for in this Serurity Insuument shail be given by deliverIng it ar by mailing
<br /> -w''` it by first class mail unless applicable Iaw requires use of aaother method.The notice shall be direceed to the Pm�erty Add�+ess
<br /> ��` � '�''"�• or an other addtess Bornower desi b notice to Lender. An nodce to Lender shall be
<br /> Y �� Y Y givea by firat Cless mail w. F
<br /> =- Leader's address stated herein or azry otDer addness L�der desigaates by notice to Bonrower.Any notice provIded for in this�,. -
<br /> _=,i.-_---�
<br /> �•��, Secudty Instrument shall be deetaed to have been given w Borrower or Lender whea given as provided in tWs paragraph. "�
<br /> -=-:_:�;r 1S.Goveraing Law; Severabllfty. This Security Instrument ahall be govemed by federal law and the law of the �,�
<br /> =_--�•�� juriscticdon in which the Property is located.In the event that any provlstoa or clauae of this Securtty Instrument or the Note`r�
<br />=�..��M-� ' oonflicr�w[th a�plicable law�such oonfllct shall not affax other provisions of this Security Ln,suument or tLe I�Tote wi�ch caa be±�w+ _
<br /> - ---- . ' given effect without the conflicting pmvision.To this end the pmvisions of tbis SecurIty Iasuumeat and the Note a�e�declared =__-
<br /> - �`�'�: to be severable.
<br /> '-r. :�.�'�:..
<br /> ._.r�. ;
<br /> � . 16.Borrmwer's Copy.Borrower shaU be�iven one conformed capsy of ihe Noie and of this Securiry Insmiment.
<br />- � � form SO2e 9�80
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