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<br /> puyments muy no lon�er t►�reyuireci,ut the optiun��f I.ender,if mortpu�olnsurunce crnerugc lin the iimount i�nd for the�SCriod
<br /> that l.ender requireK)providcd by un Insurer approvcd by l.endcr agais�Dcc��meti irvnilublc und is otsta�ined. Borrower shull puy
<br /> thc prcmiumv rcquircd�u mnintuin nu�rtgu�{o in�,urc�nre in eCCcct,ur to p ruvldc n 1•mx rescrvc,until tl�e reyuircntent f�r mnrtgAgc
<br /> inxurunce ends in i�crurdunce wlth uny written u�reemcnt betwcen Burru�ror crir�l.,�ndcr or upplicu6le liiw. -
<br /> ° 9. Inv�cr9tnn. L.ender��r itx�tQent muy muke rcus�mi�ble eo4rlcs a�pan iiml intiprctinns af the F'r��perty. l.endcr shull �ive
<br /> . ° "• Bonowcr noHcc nt Uic�Inic��f ur prinr ta an inwpccti�,n s�u;cifyfuls rcnu►�i�bic cau�c for ihc inspectinn.
<br /> .. 10. t'on�entnttQiun. 'I��a procecd�of imy awnrd ��r clrihn fi�r du nuln-�.dircr� ��r r�m�cquentiid, in'c�mnrctiun with i�ny =
<br /> ,�, candemnntion ur otlicr tnking��f ciny paa��f the Property,��r G�r runv�ymr�In licu ai cundemniuluu,i�re I�erchy i�.r•tiigneJ nnd
<br /> � shull bc pnid to l.cndcr.
<br /> ;;;;;�:�1� bi thc evcm uf u totul tnking uf thc Property,thc pr��cecdn shull be appl ial tt��he aun�x nccun.�i by thic Sccurty lnstrument.
<br /> .. .,:�� . whcther or not then duc, with uny exrrss puid to Harrowcr. In¢he evcai of a partiul takinB �tif thc Pmpi:n� �n which the falr
<br /> market vuluo of tho Pcopeny immecliately befon the tuking ia equul t� ar�eeater than the umount of the sumx secured by this -
<br /> ° Securiry Iastrument immedintcly befon the teking.unless Bonower und Lendcr rnherwise agree jn writing,tho sums secured by
<br /> this Secudty Instrument shull be reducect by the amaunt af thc proc�eds rnultiplied by the folfowing fmction: (u) the totul
<br /> amuunt of'the sums secured immediately bcforc the taking.divided by @) the fulr mnrket value of the Pmperty immediately
<br /> ;, before thc tukinII. Any bulance shall be paid ro Barrowcr. In the cve n�of u purtial takin� of thc Praperty in which tha fair �
<br /> • �• "' mntkct vulue of the Property immodiately before the tnking is less thun U�c ramount of the sums secured immediutely before the
<br /> tul:ing. unless Borrower und L.endcr otherwlse agrec in writing or unlessnpplicublc law othcrwise pravldes,the proccxds shall �
<br /> , . .•,�' be npplied to the sums secuced by this Sccurity Instrument whether or nat the sums ure then due.
<br /> � ff thc I'raperty is abandoncd by Botrawcr,or if,aftcr noticc by Lsadcr to Borcowcr that thc candcmnar offcr�to make an �
<br /> . " � uwarrd or settle a claim for dAma�es, Borrower f�ils to respond to Lender �vithin 30 duys after ihe dute the notice is�iven,
<br /> •�"� �� �,' i.ender is authorized to coltcxt und apply the proccxds,ut its option,eitlher to r�toretjun or rcpair of the Property or to the sums �
<br /> secured by this Securiry Instrumcnt,whether or not then due.
<br /> -• .�.--';�� Unless i.ender and Borrower othenvise a�ree in writing. any applicaaon of proceeds to principal shall not extend or W
<br /> " post�one the due date of tPee rr�onthly paymenis nferred to in parasraph�I�red 2 or chenge the omount of such pnyments. �
<br /> 1i" '�,, . 11.Barrower Not 13efepsed; Tarbeurance By Leader Not a Wai�•er. Extension of the time for payment or malificAtion
<br /> ; •, _ of amortizntion of the sumR secured by thls Security Instrument�rantedl bp Lender to any successor in interest of Borrower sh;�El
<br /> � not operate to relcasc the ilability af the original Borrower or Borrower'ssucassors in interest. I.ender shaU not be required rta
<br /> - �,�` .;�' �� cammeace proceedings a�ainst any successor in interest or ref�se to ex tea�t dimc for payment or otherwise modify nmortimtion
<br /> " � of the sums secured by this Securiry Instrument by rc;►son of any demand mztde by thc ori�inel Borrower or B�orrower's
<br />``'- ;�� -��°•. ss.�tce�.�uzs ir.fnter�t. :1n;forbesrsnce b; Lend�r in ezerczsing assy r=_g�!•Vrremed; �ha!!mx be u �a�e�r af ar prxlusl�thP
<br /> � � � exerclsc of uny right or remedy.
<br />_"�"�+'�'�'••� 12. 3neees.cors und Assigns B�und; Jotnt and Severnl Llablliq; Casi�aers. The covenants and agreementx of tfi�is
<br /> �
<br /> '���''�:,;'%'sti. SecurIty Instrumc�tt shatl t+ind and benefit the successors and assigns af Lender and Borrower,subject to the provisIons of
<br />�+,:��!'T:y�r'.' pa�'pgraph 17. Bonower's covenanta und agreements shnll be joint aud,cveral. Any Borrower who co-signs this Security
<br />_���,1`'•`;:,,•;t;': IInstrument but does not execute the Note: (a)is casignin�this Securiry Instniment only td mortsuge, �rnnt nnd canvey that
<br /> '','�`"`3"';rN`�` Borrower`s inte�st in the Property under the terms of this Security Instnmcnt; (b)ls not personally oblignted to pay the sums
<br /> =:._.Sw.::n1u.
<br />=F;°'.;. ;�.f� secured by this Securlty Instrument;nnd(c)a�rces that Lender and any dher Borrower may agree to extend,modify. forbour or
<br /> --vfR�WN'S
<br /> _____ _ _ ','� make any acoommodutions with regard to the terms of this Security Inst iumentor the Note without that Barrower's wnsent.
<br /> `���;��='��' 13.I.oun Chur�es. If the loan securod by this Secudiy Instrumentis subject to n Ic�w whtch sets maxin►um loan chargex.
<br /> '�`'"�`4'`�`�+�'� and thut law is finnll inte reted so that the interest or other loan ch
<br /> _,��;_�_r¢�, y rp arges callected or to be collected in connection with the
<br /> _______-_�•�: lonn exceed the permitted Iimits,then: (a)any sucf�loan charge ahall be reduad by the funount necessary to reduce the charge
<br /> �,����,�_ to the permittecI limit:artd(b)any sums nlready collected from Borrowa which exceeded ge:rma¢ted limits wlll be refunded to
<br />—.--��,r�' Barrawer. I.ender mny choose to makc this refund by rcducin� the p�ncip�l owed under thc Note or by rnaktn�u dire,�t
<br />?_�L��� payment to Borrower. Iff a refund reduce� principat, the reductlon will be treated as a partial prepayment without any
<br /> _____ _ ' prepayment charge under ahe Note.
<br /> ___��; 14.Notices.Any natiee to Borrowcr provlded for in this Secudty iastavment shnll be given by deliverin�it or by tt�ultinII
<br /> _- -=___ it by first class mail�.�nless applicable law requires use of nnother mettsad.'F'he notice shnll be directed to tlie Praperty Address
<br /> �—',.:���: or nny other�ddmss Borrower d�ig�ates by notice to Lender. Any notice to ..ender sMll !se�iven by first cla�s mail to
<br />=:�..��.�.,a��
<br /> _ - - — L.ender's eddress stated hemtn or nny other uddres.+I.endcr desf�nates br nalce to Bormwer. Any aotice provided for in this
<br /> _-_---__ Sca�rity Instrument shalt i�e deemed tu liavr be�u giva.n tu Bouuwer er Lcnderwhcn given as provideti in thls para�raph.
<br />-_=�.�i 1S.Govcrning I.�w; SevernDilily. This Security Ituctrument shdl be governe� by federai !nw and the lnw oftho
<br /> ==`=:�;`-�;ti: jurlsdIction in which the�propc�ty ls lora►ted. In the event that any provhion ar clnus��f thia Securiry Instrument or the?�ote
<br /> =.u��'�('j��'��� oonflicts with applicable law,such conflict shull not affect other provlsiam of this Secudty Instrument or the Note whtch cAn be
<br /> ��,'`;=u�t;;... � givcn effe:ct without the cant]icting provision.To thia end the provisiomof this Securiry Instrument nnd the Note str�e declured
<br /> -`_=���: i to be severnble.
<br />___ ":^�I i 16.�orrower's Copy.Borrower shull be given one mnformesf mpyof the Note and of this Secu�ity Instrument.
<br />- , ir;. � Fotm 80a'3 �J/80
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