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<br /> p�yA►ent�rruy no lon�er bo roquirod,�t�he option of I.ender.if mort�a�e inwn�ncc cover�e(in�nount� `. �'� od
<br /> t1W Lendar requires)provldad by an ln�wrcr approvai by L.cnder�ain bec�meR av�fl�ble�ud is obtninod.Borrower+hall paY
<br /> Ihp p�cu�ipms roquired w miintain moR�e inwrance in effoct.or a provlde a lo�s reservo.umil�he requlrcment for mo�a
<br /> iasurw�oe end�in axordonce wlth wny wrinen a�roement betwan Borcower snd Lender or�pplicable law.
<br /> !.ieapectloe. I.,eeder ar its a�ent may nwlce reawnable entdea upon and inspectiona of the Proporty. I.ender�iull �ive
<br /> QarCaw�er.noUce at the timo of or p�or W an inspection�pociWin�r�eaeonoblo ca�uso for the inspoctioo,
<br /> Ip� Cund�mp�tlqn, The proceeds cf any awwtd or claim for danwges.diroct or wnsoquentistl. in wnr�eclion with usy
<br /> mndemn�tfon or other tokin�of ony part of the PropeAy.or for conveyance in lieu of wndemnation.arc hereby assignad a�d
<br /> �b►�II�bo p�id to Lender.
<br /> In tho event of a total laking of the PropeAy,the pracaed�ahall be applied to the rums serurcd by this Securiry Inctrurna�t.
<br /> whetiicr ar not then due, with any exce4s paid to Borrower. In thc event of a partial taking of the Property in which the fair
<br /> muk�et value of Ihe Properly immodiately before the taking is equal to or greater than tho amount of the�ums cecurnd by this
<br /> Soct��ity instniment immaliately beforc the taking.unlas Borrower and Lender otherwise agra in writing.the suma cxurcd by
<br /> this Seeurity Inauvment shall be reduced by the amount of the proceeds multiplied by the fallowMg f'raction: (a)the Wt�l
<br /> anraunt of the sumR secured immodietely bcforc the taking.divided by(b)the feir market value of U►e Praperty immediately
<br /> beParo tha taking. Any balence shall bc paid to Borrower. ln the cvent of a partial taking of thc Property in which the fair
<br /> market vnlue of the Property immediately before the taking ia less than�he amount of the sums secured lmmedietely before the
<br /> taking,unlesa Borrower and I.ender otherwise agree in writing or unless applicable law otherwise providec, the proceods ehall
<br /> � bo sippllod to the sums socured by this Secudty Instrument whether or not the sums are then due.
<br /> . x ,....,,_
<br /> IP the Property is abandoned by Borrower,or if. After notice by l..ender to Borrower that the condemnor offens to mske an
<br /> . � �4`g'''� " award ar seule a cluim for damages, Borrower fails to respond to Lender within 30 days after the date the notice ia given.
<br /> � i.2Ye�.i a.-.�—�:•
<br /> ,; e � I.ender is authorized to collect and apply the proceeds.at its option,either to restoradon ar repair of the Pmparty or to the wma
<br /> t;fij h;.'�:��;,:`.''. -'''::�` socured by this Security Instrument.whether or nat then due.
<br /> . fr�?' ' 'r��..•: �
<br /> � Unless l.ender and Borrower otherwise agree in writing, any application of praceedc to principal shall not eatend ar
<br /> , • ` w:;�:.:::,�'� ': ' ;.� pastponc the due dute of the momhiy payments refcrred to in paragraphs I and 2 or change the amaunt of such payments.
<br /> �;;�.
<br /> ,.,,,; , 11.Borrower Not Relea.sed;Forbearnnce By I.ender Not a Waiver. Extension oi the time far payment or madific�ion
<br /> 1;���•�:i.;�` ' � • � '� af amc►nizalian of 1he sums secured by this Security Instrument granted by Lender to any successor in Inte�est of Horrower shall
<br /> "�'•; ' � � � � � not oparnte to rclease the liability of the original Borrower or Borrower's successors in interest. l.ender shall not be required to
<br /> ��• •.• ',- commmnce praceedings against any successor in interest or refuse la extend time for payment or otherwise modify amartiz�tion
<br /> r � �"•'� �� � of thv sums secured by this Securiry Insttument by rea.son of any demand made by the original Borrower or Borrower's
<br /> , , ,._,�:.:... .
<br /> ''�'�' �. ` " successonc in intea�t. Any forbearnnce by I.ender in exercising any right or remedy shell not be a weiver af or preclude tho
<br /> __ ezucise of any�ight or remedy.
<br /> � 12. Successors and Asvigns Baund; Joint and Seve�l I.labflity; Co-stgnen�. The covenants ond agreemen�n of this
<br /> • Securily In�lrument ,hall bind nnd t+enefit �hc ruccc.K►r+� unJ u�xigns uf I.endcr unJ &irrowcr, s,ubjcct w tho pr�vihions oP
<br /> purugruph 17. b��rrowcr's covenunt� ond agrccnunt.r �hull Ix ji�int u�u1 xcvcrul. Any &muwcr whn co•sign.r thin Scc�urity
<br /> Inr��rumcnt hut J�xr M�I cxccwc ilk Notc: lul i,co-,ignin�t�hi� Sccurily In�trument unly tu mungugc, gmnt anJ«�nvcy Ihat
<br /> � Ek�rruwer'�iMcrc�� in�hc Pr�ipcny unJ�r thc icrmr�if�hi. S��urity in.�rumem; Ibl i�txN perWnwlly iibligu��d N�pny�hc �um�.
<br /> � ' r�tcunvl hy Ihi�5��uri�y In.lrum�nt: :�ixl irl agrcr��hut I.�ndcr und uny uUrer li���rowcr muy u�trc�pi rx�c�xl, m�dil'y. f��rhuu ur
<br /> k. nwke uny urcomnuklutium with re�tu�J lu dir Icrnu ul'Ihi+tierurity In,lnmknt ur ihc Nate wilhnul lhut&�rrow•cr'.cunwnt.
<br /> li. I.�wn Chwr{<<�. 11'�hr I��uu xtur��J hy Ihi.tirruriry In,trumrnt i.tiuhjcrt tu a luw which w��nwximum laun rhurge�.
<br /> �»� unJ thut luw i�linally intcrprct��l �u Ihui thr intrrc�t nr uthcr loan rh.ugc. c��Ucrt��l�►�tu hc cnllcct��l in c�mnec�iun with the
<br /> � * I�wn excreJ Ihe prrniilteJ limil.,thcn: �ul any�urh luun rhargr,hull tx� r�rluccd by�h�umount n��:c.wry���reduce�he charge
<br /> :�• to th�:permiu��l limit:und IMI uny ,um�ulreaJy roll�wted 1'rom &�rruwer which exrceJcJ {xrn�iucd limit.will be refunded ta
<br /> / Burrower. I.ender muy ch�w.c w mak� thiti refwiJ by r�Klucing Ihe prinrip•rl uwed undcr the Nute ur My making u direct
<br /> � ! pnyment �o &ircowcr. 11' a rel'und r�iuces principal, ihc reJuction will t►e �reateJ a.. u paniul prepayment wi�hout uny
<br /> � � prepuyment chArge under thc Notc. �.1
<br /> � . !4.Notic�.Any rnnicc ta&�rraw•rr pruvid��J iitt in this Sccurity In.trumrnt .hull lx�givcn by dclivering it cir by moiling
<br /> it by firsl class mail unle+.upplicablc law•rcyuirc.u.e uf an��ther meth�xl.Thr nuticc shall lx JirecteJ a►�he Prapeny Addre�;s
<br /> or uny uthcr address &�rrowcr Jc,ignatc+ by n���irc t.� I.cixlcr. Any nutic� tu LcnJcr .h•rll lx givcn by tint cluss moil to
<br /> l.endcr's uJJrc.. �tated hercin iir uny uthcr addre.� LcnJrr Jr�ignatc,by nourc�u B��rr�nvcr. Any nuticr pruvideJ fiir in this �,•..T
<br /> Security Imtrunn:nt shall lx Jcemcd tu havc Ixen Ei�•en tu Barri►W cr ur Lrnder ahen giv►n u,pro�•idrd in�his parc�gniph.
<br /> I5.Cnvcrn�nR I.aw•; Severability. Thi. Serurit}• In+lrument shull hr g�+vem��f b�• 1'eJrr•rl law and the IuW� af the
<br /> t� - ' jurivdirtinn in whirh Ihr Propeny i.lucui�til. In the c��cn� th•ri any provi.i��n or rlau.c al'ihi.Sc�urity In+lrumem ur the Ncne
<br /> , aontlirt�with upplic�Mr law..urh r�mllirt�hall nu�alfrrl uthrr pro��i�ion,ol'thi,Sccurily In.trunun�or Uir N�►tc which wn tx
<br /> . given effcri H•iihout �he ronllirting pruvi.ion. Tu thi,cnJ the prm•itiiom ol'thi.Srrurily Imtrument and�he Nutc urc Jcclured
<br /> . ' ,, w ix ticverablr.
<br /> ( ': ` � 16.Borrnwer's Cnp�.Bur�ower�hull tx givcn onr r.�nli�nn��l cup�•�if thr Nute anJ ut'thi.Security Intitrument. •
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<br /> Form 3028 9/80 ,
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