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<br /> p�ymenta tnay no longer be required,at the option of Lender, if cnortgage insurance coverage(in the amount and for the periad
<br /> that Lender requlras)provided by an ineurer approved 6y l.tnder again becumes available and is obtalned, Borrower shall pay
<br /> the premtum�required to maintein mortgage insurance in offcct,or to provide a loss reserve,until the requiremcnt for mortgage
<br /> inwrance ends in�ccordancc with�ny written agreement b�tween Borrower and Lender or appUcAble law.
<br /> 9� Inspectbn.l.onder•ar its�gent may make rexsonable entrles upon and lnspection�of the Propeny. l.cnder shall give
<br /> Borrower notico u tho time of or prior to an dnepection specifying reasonehle cause for the inspectian.
<br /> 10. CoadaanRtlon.The proceeds of su►y awetd or claim for damages, dirxt or consequentfal, in connection with any
<br /> condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, aro hereby assignod and
<br /> shell be pAid to Lender. �
<br /> In the event of�total taking of tho Property,the proceeds shall be appllai to the suma secured by this Saurity[nstn►ment,
<br /> whether or not then due, with any exass paid to Borrower. In the evcnt of a partlal taking of the Property in which the fair
<br /> market value of the Propsrty icr,maiiately b�fore the taking is equal to or greater than the amount of the sums secured by this
<br /> Security[nsttument immediately before thc taking, unlcss Borrower and Lender otherwisc agra in writing,the sums securcd by
<br /> this Security Instrument shall be reduced by the :unount of the pr�x:eeds multipliai by the following fraction: (a) the total
<br /> anwunt of the sums secured immed�ately before tht ta3cing, divided by (b)the fair market value of the Property immediately
<br /> before the uking. My b�lana shall be paid to Borrower. In tho evant of a partial taking of the Property in which the fair
<br /> m�uket value of the Prc►perty immediately before the taking is less Ihan the amount of the sums s�cured immediately bsfon the
<br /> taking,unlas Borrawec and i.ender otherwise agra in writing or unless applicable law otherwise provides. the proceecis shall
<br /> be applied tu the surne secured by thia Security Instrument whether or not the sums art then due.
<br /> If the Property Is abandona!by Bonower. or if,after notice by I.ender to Borrower that the condemnor offer9 to make an
<br /> award or settle a cldm for damagea, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> I.ender is authorizod to collxt and apply the prc�cxds,ac its option,either to restoration or repair of the Propeny or to the sums
<br /> secured by this Socurity Ir,strument,whether or not then due.
<br /> Unless Lendor and Borrower otherwise agra in writing, s�►y application of procecds ta pdncipal shall not eztend or
<br /> postpone the due dau of the monthly payments nfernd to in paragraphs 1 and 2 or change the amount uf such paymente.
<br /> 11. Bonrower Not Relea�ed; Forbearwnce By Lender Not w Woiver.Extension of the time for payment or modific�tion
<br /> of amortization of the sums securcd by this Security Instrument granted by Lender to any successor in interest of Borrawer shall
<br /> not operate to release the liability of thc origlnal Borrower or Aonower's successors in interest. I.ender shull not be required to
<br /> commence procadings aguntt any successor in tntetest or refuse to extend time for peyment or otherwise modify unorti�tion
<br /> of the eums secured by this Security Instrument by reason of any domand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> exerciee of any rigt�t or rcmody.
<br /> � �_. � •i..4.e�u... ��,�i.+ •.�r 'j'�P rnyr_.nantc and aQreements of[tlls
<br />- 1L. .�YCClJYOn vlla 1'►ssigns lwunui ruitii 11YU ac�$i«. anw.....yr �- .�'»�• -
<br /> Security Instrument shall bind and benefit the successors and assiqns of l.ender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Bonower who co-signs this Security
<br /> Instcument but does not exxute the Note: (a) is co•signing this Security Instrument only to mortgage, grant and eonvey that
<br /> Borrower's interest in the Property under the terms o£this Security Instrument; (b)is not personally obligated to pay the sums
<br /> sceured by thia 5ecudty Instrument;and(c)agras that Lcnder and any other Borrower may agree to extend. modify,forbtar or
<br /> m�lco any accommodations with iYgard to the terms of this Security Instrument or the Note wichout that Borrower's consent.
<br /> 13. Loan Chnr�es.If the loan secured by this Security Instrument is subject to a law which xts maximum loan chugea,
<br /> and thu law is finaliy interpnted so thai the interest or other loan charges collected or to be wllxtod in connectlon with the
<br /> lo�n excood the permitted limita, then: (a)any such ban charge shall be reduced by the amount necessary to reduce the churge
<br /> to the permttted limit; and (b)any sums already collxted from Sorrower which excadal permitted limits wili be refunded to
<br /> Borrowtr. L.enAer may choose to makc this refund by reducing the principal owed under the tJote or by making a direct
<br /> payment to Borrower. If a refunci xeduces prinetpal, the reduction will be treated as a partial prepayment without any
<br /> prepayment chazge uader the Note.
<br /> 14. Notke�. My notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address
<br /> or any other addrtss Borrower designates by notice to Lender. My notice to Lender shall be given by first clau mail to
<br /> Lender's address stued herein or any other addresa T..ender designates by notice to Borcower. Any notice provided for in this
<br /> Security Inatrument shall be deemed to have been given to Burrower or i.ender when givcn as providal in this pazagraph.
<br /> 1S.Governin� I.�w; Severabli(ty. This Security Instrument shall be govemed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or�lause of this Security InstNment or the Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Socurity Instcument or the Note whlch can be
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note arc dcelazed ,
<br /> to be severable.
<br /> 16. Borrower's Copy.8orrower shall be given one confonned copy of the Note and of this Security Instn►rnent,
<br /> Fam 3028 9/80
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