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<br /> ---- p�ym��ma�r nu longerl�4 r�quit�•at the optton of i�ender,if mo�goge iusur�noe�ove�e(i�t�e amttunt-a�t r
<br /> tbist L�der: r�qu�res)provWed by at�iasuter ePPmved.b�y Leuder e�t beoomes avall�o and ts o�teined.�+or[otvor€tiiilt�ay � .
<br /> = -- -- —: - '�--t8s.ss�er11�'.t�&�m. fs►�
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<br /> the pre�nit�sieqai�tamau►u��:gaga i�-ur�.nw�n�€€�#�'�• � ���---- �- —
<br /> - ` instt�nce eads ia arcor�de�taa wlth aay vrritten ugcee�ner�t beiweea B`vit�tret�d I:eAder at appl�abie luar. ,
<br /> - _ � 9.Ya�tton.Leades or Its age�t may.maka.reasopable entttes.upon ead[nspaxiQns of t1�e Prnperiy. Lender shall give ,
<br /> � Snsmwer not�ce at.the time of or priar m.sa.�nsy�Ctton specit3'in8 reasonable cuuse for the�nspectioa �,
<br /> __ - -- . � .l0.Coadema�attoa.The praoeeds of as�y awatd�or c1aIm far danmges.dire�or`consequeudal. Ia oo�an witD c�ay _.
<br /> — � caadesu�ation or other takir.g of�sny.{rait.of�the Pmpezty,m'for oonvayanoe ia fieu of co�emnarion,me heseby assigasd ead � � .
<br /> �t— - sball be paid w l.euder. ' ' '
<br />-� In the event of a toral mklr�of the.Pmperty,tha prooeeds sLall be app�ied to ehe sums secured by�his Se�ity Iasuument,'
<br /> �"'� --- - - -' �--- - -vvLether or-aot fhea dize,wit��any��exce:ss.paid.to Smlmwer.-In th�event of a parNat taicing of the Frapen�r-�-whtch-the-fa� � --:- -_
<br />-" markei value of the Prope�t}t�amznedlately•before the tat�ng is�nat w or gceater than the.amauat of the sum4 sea►red 6y tbia .
<br />�=. Soairit�r�immodiatel,Y befora the ta&ing,unless Barrower ead[�eQder otherwise agcee in writing,the snms secured:by,. --_-�-
<br /> - this Searity 7astmment sl�1:�raduoed�y.the aacQpnt of the pruoeeds multiplied by the foltowing�fret�ian ta)�t&�:tata}' —___-_-
<br />� aamuntoftix�,sym�s�i�dirx�r;lt.efo�tt��� cUvid�d,bx,N),d��t�t'y�•offi��r`�a't�a�. ---
<br /> n �� �� �a�;P�� �t�o�CixY�t�.
<br />-"` z;,�'� 6efore t���tz.�4g:� Anq baI�e�s�1:8r:�,�Ev II3orr�awer lt��e��i.� �. �� ��?� . - --
<br />-�� �" � •;' �vaic��agthe�rap�s,i iitimEdi���be'fufc�the:3�t'a�c;ns.lte�c�'t�et�t�����im�aDeIy 6efa�the
<br />�:�� � ,� � catdng,autess Barrowet��.eader othernrise ag�+ae in writing or ua[�s agpt�ca��e`law othenvise provides, tbe pmoeEds shall
<br /> . - � be applied w tfle sumc secured by ttds Secvcity Insdum�nt whether or not We sums are then dae. . --
<br /> If tha Pcoperty�is abaadoaed by Bmmwer,or if,after notice by I.ender to Borrower tbat the coademnor offeis to make en
<br />-" ' ��= � �' award or settle a claim far damages.Bomnwer fails to respoad to Leader within 30 days efter the date tiie notine is given.
<br /> L.e�er is authorized to oollecc and apply the pmoeeds.at its option.eitker to reswration or c+epair of the PropeAy or co the sums
<br /> ��°.'' ,�-:°��'=:,' secured by thls Security Instntment.whcther or not then due. _
<br />__ �:`�'-�����` .'�.� Uniess Lender and eorrower uthetwis�s agr�e in writi�. enY appftcation of procceds w priasip�!ah�ll nat entend or --
<br /> �¢`'s� �`•4,�l�R�• S ne tiie due date of the monthi a ments rofemed to in aragmphs 1 atFd 2 or change tho nmflunt af such payments.
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<br /> • 11.Borrower Not Retensedt Forbemm�ca By Lendev Not n Wufrer. 8xtension of tho time for payment or mQdiiication
<br /> - " � nf nmartizatfon of the sums�ccural by this Sccuriry Instament granted by Lender to any 6uaccssor ia interest of Buero�ver ehall
<br />- . rtot ope�utc to releasc the Ifabllity of the originul Surrowcr or Borrower's sucoessors in interest. Lender shall nut 6e requirea to
<br /> • � - commence proceediags against any suscessor in interest or miLse to eatend time for payment or otherwis�modlt�r amortimt�on
<br /> �-„ k . � . ' of the sums secured by this Serutity tnstrument by reason of any demand made by the original Borrower or Borrower's
<br /> . ' ' sacoessors jn interest. Any forl�enutce by Lender in eaercising eny right oe remody shaU not be a waiver of or pm�tude the
<br /> . " . �'.".. exercise of any right or remedy.
<br /> �' �•,y-� ".�,.,,;;; 12. Sacccssore arid Assigns Bound; Joint and Sevesal L[abWty;Ca�tgneis. T7te ooveaants and ag�ements of this =
<br /> . ... ,}�':�, Security Insuument shali bind and benefit the suocessois and assigns of Lender and Borrower. subject to the provisions of
<br />- . paragraph 17. Borrower's covenants and agreements st�all be jaint and several. Any Borrower who co-sigus this Security
<br /> �. Inshument but does not execute the Note: (a)is co-signing this Security InsAUment only to mortgage, g�ant and cunvey that �.�_�
<br /> ;�' ` ' - Horcower's interest in the Ptoperty under the teimg of this Security Inmiunent:(b)is.not personally obligated to pay the sums =_- _ _
<br /> � ::;_��._.. � ' � ' � secured by this Security Inswment;and(c)agrees that I.ender and eny other Horrower may agree to extend. madify,fo�ear or �"v"`:__:__-
<br /> �r,�i1y . . ��--_=_ �
<br /> • p i � • ;�,; make any accom�n a dationswi i h reg a t d to t he term4 o f t h is S e curi ry Ins u u m e n t o r t h e N o t e w i t h o u t t h a t B o r ro w e r's c o n s e n t. :4;����---
<br /> � 13.I.oan Cha�ges.If the toan serured by this Securiry Insuument is subject to a law which sets maximum toan charges, -''� �
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<br /> , ��;:` ,,. _ .:;�3�:�s,", aFCd thzt taw is finally inte�reted so that the interes[or ather Ican charges rnlfected or to be collected in connection wet�s the :;.;,;k��};4'�
<br /> L ,v, �: ���'��• �tran er.ceasl the permitted limiu, then:(a)any such loan charge shall be mduced by the amount necessary to reduce the charge f�s _-
<br /> �� ����: � to the permitted limit:and(b)any sums already collected from Borrower which exceeded pemritted limits will be refunded to '�•^*
<br /> = ''���'�� � • H�rtower. Lender may choose to make this refund by reducing tNe principal au�ed under the Note or by making a direct _ '� ,:...•":;,�
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<br /> : �:;:;;. , � payment to Borrower. If a refnad reduces principal. the reduction wili be treated �s a partial prepayment without any •_•,`�::'•;-•;�.,��:
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<br /> - .3 ��Y_ • prepaymenc charge ander the Nate. ���� ,< ,-
<br /> ' �;� <,;_•. � . 14.Notices.Any notice to Borro�ver provided for in this Security Instrument shall be given by delivering it or by mailing r�ti' ,
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<br /> '•'' it by first class mail unl�s applieable law requires use af nnother method.The notice shall be directed to the Property Address . :._ :
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<br /> n ;�-. •. . ".� , � or any other address Borrower designates by natice to Lender. Any notice to Lender shaU be given by first class mail to ,;�. � ;�_
<br /> ...,�. � • Lendei s address stated herein or any other address l.cnder designates by notice to Bottower. Any notice provided for in this _ . 7'.� r ::
<br /> -�'� , � � � Securiry[nscrument shall be deemed to have been given to Harrower or Lender when given as provided in this paragraph. ;:,��1?�'��l .,..ti�;:
<br /> >> ' ' • 15.Governing I.evr; Severabflity. This 5ecuriry instrument shalt be govemed by federal law and thc law o f the ... ����1 ;. -
<br /> �%� '"-���� • `, judsdiction in which the Praperty is tocated. In the event that any provision or clause of this Securiry Instrument ot the Note �' •, . ;,^,���,:.�t.,•, ; :�.
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<br /> • canflicts with applicable law,such conflict shali not affect ather provisions of thiy Security Instrument or the Note which can be �,,
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<br /> � given effect without the conflicting provision.Ta this end the provisions of thi�Security tnstrument and the Note are declared :,�.��.�,.
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<br /> �`�' C�}>,��.� . to be severabie. �.;�.i.,:'. .
<br /> � �,:•�.;' � �'"� � " 16.Borrower's Cupy.Borrnwer shall be given one canformed copy uf the Notc and of this Securiry Instrument. �
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<br /> , 3:�k'� Form 3028 9/80 .
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