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<br /> � ;, 3 f_ z. Qayments may no longer be requimd.at the uption of Lender.if mortgage inswance caverags(in the aznount and for the period ,
<br /> �`�.`� ` '•�;�:�':`.: that Lender requi�.c)g�rovided by an insurer approved by Ixnder a_Qain becomes avaiiable and is obtained Borrower sdaFt pay �.s•. � <<.,�
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<br /> �.�'.'`�c 4 ``'�° � t the premiuuQS requi�ed w maiatain mortgaSe insucance in effect.or to ptovide a loss reserve.tutW t6e requiremenl for mottgage :.` "' :rt; _°
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<br /> _ .^ ���_�: insuianse eads in aocordanoe arith any writtea agreenaent between Bomower and I.ender or applicable law. � � '-"�;:
<br /> < 9.LLSpedlon.L.�oder or its ag�t may ma&e reasonable enn�ies upo�and inspeccions of the Propeity. I.ender shall give r ..
<br /> .t? a ..� Boncswer notice at the time of or prior to an ins{�tion specifying�easonable cause for the inspectioa ,, � + �`�`•
<br /> ��<� �' 10.Coudemnaitan.The proceeds of az►y award or ctaim for damages. di�ect or rnnsequential. in conneRion with anY �a�' � ��` �
<br /> -"°��o-�f;°.�": �� oondemnation or at6er talcing of any part of the Pruperty.ur for conveyance en ii�of oondemnation.are herehy assigned and � �� y{�, .
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<br /> ,� <<,-:; sha[t be paid w Lendec. `'
<br /> {:•� _ . ..- £ .. In thc evem af a total taldng of the ProQerty.tt�e praoeetts shall be applied W the sums secured by this Sec�rity insYrument, . . f �r S,
<br /> ;r=`- -- :� whether or not then due,witb any exceys paid W Bormwer. Ib the event af a partial taking of the Property in wtuch the fair t�.{ ' L
<br /> �.�-�. � �
<br /> _ .- `:'•., 1:t� macket ve2ue of the Property innuediatelY befare the taking is eqaa{to or g�tes thau the a�seount of the sums s�ecvred by this l-z= -_ ..
<br />-� _ Y �-,; Seruriry Inswment immediatetY befare the tat�►g.nr►less Bomower and Ixuder otherwise agcee in writiag.the sums secured by y:,� `R: y:
<br /> '' , .�' 4 = th'ss Secnriry[astrmne�t shali be reduced by the ammim of the proceeds mntriplied by the following fraction: (a) the total ,J c ,-- •'
<br /> �}�° -.';'-: '.:�.,,:: amownt of the sums secured iinm�ately befoce ti�taking.divided by N)the fair market value of the P�+operty immediately < °k.
<br /> '�:.`>``; - -•.�":�_. `: hefore the taldag. Aay balance shatl be paid to Bar�owet. In the event af a partia]taking of the Propaty in which the fair :'--._..,-', ..•
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<br /> markd value of the Pr+operty immediately 6efo�e the talang is less tha�the amount of the swns secured immediately before tiie ,,.u. 4 . -
<br /> � �.°°� .�`"``° tatang. uniess Bomow�aad i.eader othemise agree in writing or nntess appHrable law otherwise pmvide�.the proceeds s6all � �- `^•_%�°.
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<br /> '� '� be applied to she sam�secared by ttus Secariry inst�umeut whether or not the surns are then due. � _ ,,w� _:
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<br /> �, � If the Property is abandoned by Borrower,or if.atter notice by Le.nder w Bomower ti�at the wndemnor offers to make an �,
<br /> • - awaFd or seule a claim for damages, Borrower fails to respond to Leader within 30 days after the date the aadce is given. � '=�.�y
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<br /> •f --- - ..=- I.eader is anthorized to catlect aad apply the pmceeds,at iss option,either w restocation or repair of the Pmperty or to the sua� _. � ,_.__
<br /> ` ` t ` Secu�ed tiy this Security lnstmment,whether or not then due. � �'• -� a-
<br /> � Uniess Leadea and Borrawer othetwise agree in writiug.anY �PP�an af procceds to principal s b a ll t�oi eat e a d or . '�,� �
<br /> �,�_ �" ,r. Posnwae the d�te date of the momhiY PaYmeats refemed w in paragraphs 1 and 2 ar change the amoant of such payments. � '`� } ,,•; +-
<br /> �=�`=� -<�r . 11.B�rrower l�t ot R�l e a s e d;Fo r be�ance By I.e a d e s N o t o W a i v e s.E x t e r L S i o n a f t h e t i m e f o r p a y m e n t o r m n d i fi c a t i o n ;�� �; __
<br /> � �� . af amortization of the sums secured hy this Sea�rity Inmument gianted by I.ender w any sacces4or in interest of Barrower shall � �,:�'i�-:
<br />-'� -,f:••`.�,:_ „• _ . '�_.
<br /> -,,,_,`' ''-_r'k not ape�ate to retease the liability of tIie original Horrower or Borroaer's successors in interest.L.eoder shall not be requiied w �<' , ..:�,-_-
<br /> �; couunen�e pmceedings agaiast any suoces�or in mterest or refose w eatead time for payment or ot4erwise modify amortnation � ' _—
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<br />-- _'- ._.._._us:._.,,: of the sna�s secured by tbis'Securiry Iastrament�by reason of any demand made by the original Borrower ar Bonower's . _�_��
<br /> ::,.h_._ ;j� snc�ssors in inte►�est_ My forbearance by Lender in exercising aay right or renredy shait not be a waiver of ar preclnde t�e ,- A :-
<br /> � eacercise of aay right or rer�dy. ``�' ��_"-
<br /> ` �' I2.Sao�rs and A�S Boand;Joint and Sevecal ldabil�ty, Co-Rigae�s. 1�e covenants aad agceements of this :
<br /> � �� � ''• ', Seauity Msuamem straU biad and benefit the sacce.ssors a»d assigas of Lender and Borrower. subject to the provisioas of '' � �--
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<br /> .,;•' r i, P�S�Ph 17. Borrower's wvenants aad agreements shall be joint and several. Ao}r Borrower who co-signs dris Secur►ry :-- ' `" _--
<br /> Instmment but does not execnte tlie Nwe:(a)is casigning this Security Instrument orily to mortgage.graiu and convey that ;,: k �:�
<br /> ��" Bosower's interest in the Property ander the terms of this Security Instmment:(b)is not personally obligated to pay the sums :;�';:
<br /> � ' � � .: secured by Wis Security Inst�umen�and(c)ag�es t1�at i..ender and any other Borrower may agree w extend.madify,forbear or _ �
<br /> f make any sccommodarions aith regard to the terms of ihis Security Inst�vment or the Note without that Borrower's consent. ,, << � r:�;
<br /> � _ � i.•`:
<br /> H .;. _� �' -r =�•-= 13.Loau Charges.If the toan secuted by this Security Insuument is subject to a law which sets maximum loan charges, ;_ _
<br /> , , and that law is finally interpreted so that the interest or other loan charges collerted or to be collecxed in connection witb the : ��Aj ;
<br /> `� • laan exceed the permitted limits.then:(a)any such laan charge shall be reduced by the amount necessFUy ta r�uce the charge • .,•. '
<br />`�•�"�:`: -:,� to the pertnitted limit:and(b)any sums alnady coltected t'rom Borrower which exceeded peemitted limits will be refunded to � ` , -
<br /> � .; � Borrower. Lender may choose w make this refund by r�ctacing the principal owed under the Niote or by makiAg a direct � �
<br /> .�;r . • payment to Borrawer. If a refund reduces principal. the reduction will be aeated as a partial PrepaYment withoat any . �` {,_"�':.
<br /> ��� '` . • prepaymeat charge under the Note. � �•
<br /> - ._ . .. . - t4.Notie�.Aay natice to Borrower provided for in this Securiry Instn�ment shall be given by delivering it or by mailing - - - -
<br /> _--�"� ' ��' 'F it by flrst class ma�7 unless applicable law requires use of anather method.The notice shall be directed to the Prapeiiy Address �. „�:_:,_ �f-'
<br /> . .: ,.��. :;.,:=.
<br />_ . - or any other addnss Borrower designate,c by notice to Lender. Any �otice to l.ender shall be given by first ciass mail to •' ''�'�< : �
<br /> � . l,eader's address stated herein or any other address Leader designates bv notice to Borrower.Amr notice provided for in this `�� � �.: ..
<br /> ' �:{;= . � Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this parag�aph. •'��:�°•�•.
<br /> ,` �;;:� �� � 15.Gorernfag Law; Severabll�t3'• 'fh�s Sec�rity lnstrument shull be govemed by federal iaw and the law of the , '�;�:. :'
<br /> ' � jurisdiction in which the Property is lacated. ln the event that any provision ot clause of this Security Insttument or the Nota • . "�:
<br /> :i1-.;,.=;` �:� �... _ :.� confiicts with appl�caale la�v.such conflict shall not affect other provisions o(this Securiry Instrument or the Note which can be �`c•;:��:'��'� ;'`�•"
<br /> �i:'. '.' -, ° . t�' ' given effect without the confticpng provision. To this end the provisions of this Security Instrusnent and the Note are declared
<br /> ��'`' � ' � ' to be severable. �
<br /> ^s_�,:._..
<br /> � 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security lnstniment. ��• {'`#:'';
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<br /> �� � �� .. Form 3028 9/80 _�q`� :';
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