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<br />°�' �'� n'�!` • puyments mnyy no longer be reguired,at the optioa of Lender.if martgage inauranr.e coveeuge(in the scnount und for the geriod [�_
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<br /> r, thnt Lender requires)provided by nn tasurar spproved by l.ender uIIttiu becomea avnitabte und ls obtalaed.Barrower ehull pay _
<br /> ` t1�p premiums tcsqulr¢A to maintn�n mortguge fnaurauce iu effect.or to provide a loss reseeve�until tlie requireaienc for mortgage
<br /> �,,,, `� inaucance enda in accordance with eny ovrlt4en ngreetaent benveen�oaower t+nd L.ender or appticable luw. v
<br /> :��::� . 9.Inspectton.Lender or f te ageat mny analce reasonable enMes upon and inapections of the Properry. Lender shall give
<br /> „•�"' l�flreower aottce at the time of or prlar to an iASpECtion apecit'y+inII reasonable cause for the iaspECtioa�. �.�
<br />:�^�,',_e�� 10.Candea�aatlon.The proc.eeda o�P any av�ard er claim for damages,direct or consequenti�l, in eonnection w1tII�aay �
<br />-��T`��' condemaatlon or other taldag of any part of the Pcoperty.or for conveyaace la lieu of wad$mnation,are hereby essigned and
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<br /> �:°`�� shult be paid w L$nfler. -
<br /> In the event of a total taking of the Progerty.the Pmceeda shall ba applied to the sums secured by this Securlry Iasuumeat.
<br />-_- whether or not then due�wtth tury eacess paid to Borrower. In the event of a gartlal tak3ag of the Propecty iu wbich ttie fair
<br /> ;...;•. •�.:- ma.�;seL vnlue of tha Pmperty i�iately before the ealcing is equal to or greater than the amount of the awna s e c u r e d by this -
<br />::-'��`.'�1 Se�u�Ry Insuumeat itxtmediately before the tskiag,uatess�orrower and Lender otherwise agcee ln wrlting.the sums secured by -
<br />';1��=y��. this S�cudty Iastnuuent shaU be reduced by the amount of the preceeds mul�iplied by the fallowin� &action: (a)the total
<br /> --.,,;.��;�, immediatel
<br />�.,.��;,,•„� ,, amouat of ths c�aaQ.s securetl immodiately before the taktng,divlded by(b)the fair market value of the Properry Y
<br />=-�.44•5�:�.t�_, befot�e the ta[s�. �y balaace aha�l be pt�d to Borrower. Ia the event of a partial taking of thc Property in wttich the fair
<br />--n�u.�,��� mazket value o8 t?�.�Progeity�.n�tDiately before the caking is less than the emnunt of the sums secured immediately before ths
<br />;����_�, taking,uatess Borrowe:av�I.�es othciwlse agrEe in�vrltin$or ualess fsppUcable law otheswIse pmvides�ehe prooeeds shall
<br />--:u'`�:s�''. � t,^,applied to tlas suma s�erefl�y ttais Sect33!ty InsuumsnY whether or not the sums are then due.
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<br /> -"-`�-'�%�. Yf the Pc�pe�ty is abandnned by Bosx+ower.or if.after notloe by Lender to Borrower that ttee 6ondemnor offer�to make au
<br /> award or settle a claim for damsges� Borrower fails w respond w E�cnder wlthiu 30 days after 4�se d�te t�e r.00r to the sYiuns
<br /> --=�_��� Lender is autharL�d to collect and apply the pmceeds.at its optlon�eis�er to reswreuion or rEpair caff r��Sl�roperty .
<br /> J�� secural by this Securlty Insuument,wheWer or aot than due. licadon of roceeds to pxlnai al shall seoi eatend Or
<br /> YJniess Lender aad Bomower otheiwise agree ira ivriting, aaY aPP P P
<br /> .�. postpone thc c�,`uix date of the monthly paymeats referred m in paragcaPha 1 aad 2 or ahaage the amount of sucti puy�ncnts• °,
<br /> il.Be�mav�'Not Relwsed� ForbeArance BY Leud�n'Not e Watver.�teasion of the tim�for payment or modiScatiQn
<br /> - of amordzatiola af the�ums secuced by�is Securlty Insuutt�nt Branted by Lenaler w any success�r in interest of�orrowei shu�l•
<br /> not operate to releasa the liabiliiy of tt�a crlginal Borrower or Borrower's suxessors in interest r othernvis'�e�tu�difY au�orti�attnn
<br /> _� cammence pmcadings aga�ast anY sucn�ssor in iaterest or refuse w extead dme for P�
<br /> — �f cne eumv secured by this 5�,vr1tY II�nsm�aient by reason of aay demand madQ by the ori8inal Borcower or Bomower's
<br /> suer�ssors in inteiest. Any forbearanee by Lender ia sxereIsing any right or remedy c�all noi oe a w�vc;�f ur pree3sstlt i�
<br /> �.,� exercise of aay rtgbt or ce�edy. �as.The covenants and ag�cemeasa of this
<br /> 12. Soc�ssois and 1�tgns Bouad3 Joint ead Several I.1abWtyi Co-siga
<br /> �ritl+Insteument shali min�!aad 6�eneSt the successo�►and assigns of Leader Fu►cl Bozrower, subject to the pmvisiana of
<br /> - paragraph 17. Borrower's coven�nts aad agreements shaU be joint aad several. AaY Bomoarex who oo-signs this Saudty
<br />_ _�-- tnst�uu�t i:,d�aat elsccuie the Note:(a)is co-signIng tWs SecuritY Instrumeut only to ciortgege.gramt aad coavey that
<br /> - , Boxc+awer's intkxest in tha Pruperty under the te:ms of thia Securlty Insuuraeat:(b)LS uot pt�ici,�dy m3Sl�g�W p�y Le aums
<br /> -_-- saurdd by thia Scxurity Iss.,�.m�eas:and(c)�thet Lender and nny aiher Bomower may agree ao�c3�nd, modify.forbear nr
<br /> - make a�►aeco�osflations w34h regard w the ternas of this Security Insaument or the Nate wlthout�At�wer's conseiu.
<br /> .� 13.�tr Q�Saeges.If the toan sxured by tbis Sewrity Insicument is s¢bjeci s�a law which sets maxiadum loan char8es�
<br /> and that law da 13aally iate�reted so that the ieteresc or other loan charges�ollected'dY to be�3lected in connection wlth the ,
<br /> Ioan exoeed the peimitted limits�shw:(a)anY such loan cbazge sha11 be i+educed lry the amo�m3 II[eCtssa�Y ta reduce the Charge
<br /> to the permitoed limit:and N)anY sums e1�mdY oollected fcom Bosrower ahich exee�led Fermitted limits wlll bs c�efuaded;w
<br /> Bornower. I�ender may choosa to make this rtsfaad by reducing the prii►ciPal aa+�d under the Note or by makin8 a dlrect
<br /> PaYment to Borrower. If a cef�nd reduces principai. the reduction wW b$ treated as a partlal prepayment witttout any .
<br /> prepaymeat charge wider the Note. �
<br /> 14.NMlas.Any t�otica to Bomower.�mmvided for ia this Secustry Insuument sha111�e Siven by dellveting it or by aaail'ax�g
<br /> � it by first class mail unless appIIeable lav�.zequires nse of another mahod.The aotice shall be d'sr�ct�to ttte Pc+opert�► Addcsss
<br /> or any odur address Boirower designates bY notioa to LEader. A�aotice to Leader shall be given by fust class mail [o
<br /> Leader's add¢ess statetl merein or any othcr add�ess Lender designates by notice w Bonower.A�qy aoflre�Omvtded foP ia tLis
<br /> Sxwd1Y Ir�at shal!L+e damed to have been given to Borrower or Lender when given as provided in this p�ph.
<br /> 15.Cova�uing I.aw; SeverabilIty. 'Chis Security Insu�mae� ahali be govemed by fenlc�al iaw and the law of¢La
<br /> iu
<br /> �' jutisdic�tion In whicb�the I'mpercy is loc�tcd.ia the eveni that enY'Provisioa or clause of this 5�udty Instturaent or the a�te
<br /> oo�icts with applicable�a,auch oonflia shall aot affect other provisiona of this Securlty Iusuumeat or the Note w6ich can bo
<br />- __----=� �ie��n eff�t i�IthaRr the confltcdng Pmv3sion.To tliia end the pmvisions of tbis SecuritY Iasuument aad tlte Note am deciared
<br /> - - io oa sa-veratr4e.
<br />--------- 16.Borrnwer•a Copy.Bomower shall be given one conforme�capy of the Note and of this�.rsty lastcumem.
<br /> -.._„�. Fomn So28 9/80
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