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<br /> �� payments mny no longer be requited,at the optian of Lender, if mortgage insurance coverage(in the amount and for the pedod � ,
<br /> ' that Ixader requlres)provided by an lnsw+er approved by Lendet again becomes avatlable and is obtained. Borrower shall pay � .._
<br /> the premiums rzquited to mainta{n mortgaBe insurnnce in effect,or to providc a loss nserve.until the requiremcnt for mort�a�e � '
<br /> " insurouce ends tn nccordance with uny wdtten agreement bPtween Barrower and Lender or applicable law. � �,
<br /> ° 9. Inspection. l.ender ar its ageat may malce reasonuble entrIes upon and insgectlons of the Property. L.ender sdall gtve �f
<br /> Borrowor aoticc at the time af or prtor to an iaspection sRectfytag reasonable cuuse for the Inapection. __
<br /> _ . - 10. CondemnAtlon.The proceeds of any aviard or cluim far damages, dIrect or consequential, in ccfnnection with any
<br /> condemnation or other taking of Any part of the Ptaperty.or for conveytu�ce in lieu of condemnaUon,ar�heroby useigned aad „
<br /> � v
<br /> .:;��� shall be�aid to Lender. __
<br /> �����•�' In the event of a tatnl takinB of che Praperry,the procceds sbutl be applled to the swns secw�ed by tbis Security Instrumenc. _
<br /> ~' 'd`� whether or not tben due,with nny excess paid to Borrower. In tne avent of n ptu�tinl taking of the Propetry in wh{ch the fnir _
<br /> � � marhet vnlue of the Property immedintely before the tnking ia equal to or gec,�►tcr than the umount of the sums serured by this
<br /> Secudty InRttumcnt immediatoty bofore the taking,unlesa Borrawer and Lcnder otherwise ogcee in writing.tho sums secured by _
<br /> . �hiA Securlty inatrument eh�ll be mduced by the nmount oP the procecdx multiplted by tho following fraccion: (n) the totui
<br /> � amount c�f tho suma eeourcd immcdiutely bcforo ths taking,divtdcd by(b) tho fai�murket vnluo of thc Property immediutcty
<br /> 6�foro ttie tttking. Any bnicuice Ahntl be pnid to Bvrrawer. in the event of n pnnial tAtcinp of the Property in which tho fuir
<br /> market vnluo of the Praperty inimedintely before the tc�cing ia less than thc Amount of thc sums secured Immedintely before the , ,�
<br /> �' ' takieg�unlesa Barrotver und Londer othecwiso Agree in wdting or unlcsa upplicnblc Inw otherwise Qrovides,the procecds ehnit _
<br /> � �� �� ix3 npplted to the sutna secured by this Secudty Inauument whether or not the euma un:then due. -
<br /> " " '� (f the Fraporcy is abandoncd by Borroerer.or lf,after notice by��ender u►Borrower thut the condemnor offers to m�lce csn `R
<br /> b
<br /> �, award or settle a clnim for dnmagea. Borrower fatla to respoad to Leader within 30 days after the date the notice is given. �'-
<br /> Lender ls nuthodzed to collect and apply the proceeds,at ita optton.eithor to restoration or repair of the Praperty�r to th�sums
<br /> � ,'� secured by tttia Security Instrument,whether or not then due. � "
<br /> ��� L1Ness Lcnder end Borrower othenvtse agree in wrltln8, anY applicatiop of proceeda to prtncipal ehall not extend or �
<br /> • '.,, postpone the due date of the montlilly paymenta referred to ia paragraphs 1 aad 2 or change the a�aount of such payments.
<br /> ' 11.Borrower IVot Releas�di ForDearnnce By Leader Not a WNver.Extenaton of the time for payment or malification
<br /> of a�no�on of tha sums secun.d by Wis Securiry Ic�stxument Branted by Lender to aay successor in latcrest of Borrower shall
<br /> aot operate to release the liability of the original Borno�ver or Horrower's succeasors in lnterest. Lender ahall not be required to
<br /> � comrueace proccediaga against any successor In interest or refuse to extend time for payment or othenvise modify acaortization
<br /> , ,�; of the sums secured by this Security Instrument by reasoa of eny Qemand made by the odginal Boaower ar Borrower's
<br /> ,.' , �,:_, o�Qp}Q}Q��m.�. �; f�rt+r�ance by Lender ia exerciaintc eny riAht or remedy shall pot bts a walver of or preclude the
<br /> =:}r',. �,' `, exerciae of any right or rea.ecly.
<br /> '���``' �''"' � 12. Suoccssors and Asstgas Houn�l; Jofnt ar►d Several Liability; Casig�ners.The covenants and agreenteata of tinla
<br />?�+,� ..:� `+,.;v.,
<br /> '� �''�"``�`'`' Security Insuument shall biad and benefl4 the sucxessors and assigne of Lendor and Borrow�r,subject W the proviaiona of
<br />_., �,�, :.,,t�;,:;,�,� ,
<br /> ;'�"M;'.''"'�r'7��i�r; paragraph 17. Horcower's covenaats and �ments shall be joiat and aeveral. Any Borro�ver who co•signs this Securi�
<br /> t{' ,.:;:�"`'� Insuument but doea Qot eaecute the Note: (A) is ca•slgaing thls Securiry Inamunettt only w mortgago, grant tuid convey tta�t
<br /> ����'� `' Bormwer's Wterest ia the Property undcr the terms of tfiis Securlty Inatrument;(b)is aot�ersonelly obligated to pay tb.e suma
<br />-���"'''� ';, , ' stxured by thts Securtty Insuumenr.aad(c)asrees that Y..ender and any other Borrower may agree to extend,modify,forbear or
<br />�F,'"••:.,ajv..;
<br />� .,,y,r��;.<. � make uny eocommod�tioas with regurd to the tern�s uf tbis Security Iasuument or tho Nota without that�oreower's coasent.
<br /> ,�. ,h
<br />-'::,v�1..:,:,;�'+:, : 13.Loan Charges.If the loan secureci by this Securlty Insuument ia subject to a law which seta raaximum loaa charges,
<br /> �,:.. ,,.. .,�. �
<br />-u,y,�` ,�:,.s � and that taw ia finFilly intecpreted so that the interesc or other loan chnrges collected or to be caliected in wnnection with the _
<br />- ' � loan exceeii tho peronitted limits.then:(a)aay such loan charge ehall be reduced by the amount aecessary co ceduce the charge
<br />�,.�-.-"''�*_.� i to the ptrmitted{imit: and(b)any aums already collocted from Borrowor whlch exceeded perwitted limito wlll be reit�nded w i�,��
<br /> ..���°��`�:l��;i`;r� ' Bomsveer. L.ender mny choose w make this reflrad by ceducing the princlpal owed under t�he Note or by making a direct -
<br /> - _-��'�'�'"'!�` ' pay�aent to Borrower. If a rePoad reduces principal. the reductton wtll be treated acs u partlal prepayment w(thout any ` -
<br /> w. �,�yt�� . -
<br />�r:; ��•. prepuyment chetga under the Nate. ,
<br />-` � ��` 14.Nailces.Aay notice to Borrower providzd for ia this Securlty Iasuument ahall be giv0n by delivering it or by naailing
<br /> a:_�3b.' ..:, —
<br />��--`--- it by first clnss mail uNoss applicable law requiras use of another meWod. The notice shall be dlre�eed to the Property Addresa _
<br />�'�` '�}• or an other addc+eas Borrower designates by aatice to l.ender. Any nottce to Lender shalt be given by tirst closs atail to _
<br />_�,;.�.}"�,,;:,�� , Y
<br /> �;�;::!� I.ender's uddress stated herein or any oti�er nddrsss Lendcr designAtes by notice w Borrawer. Aay notice provided for in this
<br /> --- ;�.�.
<br /> �="�-�_� �curli;I�tr!ment shal!L+e�!e?m�t�o have ts�en given to Borrower or Lender when given as pxovided ia this paragraph.
<br /> '""""'°'"°"-`'" '- 2S.Cav°t�!� �.awi �4Y���Y• ���` �"���}' �natn�ment ehall bB aoverned bv fiAerat iaw and tUc Iaw of chc �
<br /> _ „�,,..:..
<br />'���`'""{`•'t �•� t,� jurisdiction in which Wo Progerty la lxated. In the event that uny pmvlsioa or clause of thta Seciuiry Instrument or the Note
<br /> -,:::wn.,,};,�,, -
<br />_ti�,_.��!�*����r�, ` coaflicts with applicable taw.suah conflict ahall not affert other proviatons of this Security Instrument or the Note wdlch can be _
<br />,,-, , „ ; � Stvon effect without the conftictiag provision.To this end the provisions of thts�ecurity Inamunent end the Note are declared
<br /> Y�... �. '� . , s to be soverable. `�",•
<br /> ., 16.Iiarrower's Copy.�orrower shall be gtven ono confornted copy of the Note nnd of this Securiry inauvment. ���,;�.
<br /> . � ' `;=,
<br /> Form 30x8 9/80 `�
<br /> _ .���).: �� pope 4 of 8 INUaII: _
<br /> �-BRINE)�es�si.a ��
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