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<br /> psymenta mxy no longer be requirod,�t the option of Lender,tf mortgage insuronce cuverage(!n the wnount and for tlx pc�iad
<br /> thu Lcnder roquires)providal by an iruurcr approvad by l.endcr w�ain lxconxs uvaila6le ax1!c oMajnod. Bortawer sh�ll pay
<br /> - Ihe p�u►iwu��ryuf�cxt tu iiwiiiw(n�iwrtgabc insurrncc in cffcrt,ar to pmvfde u loss rexerve,until tf�e nx�uinement for mortgage �_
<br /> -- inwrance ends in accordAnce with uny written�grcement betwan Borrower a�xl Lender or xpplicabte law.
<br /> i�� 9.Ipspectba. Lender or 1tx agent may m�kc re�sonable entries upcm and irupections of the P�upeRy. Lender slwll�fve
<br /> `� Bortower notice at the time of or priur to�n inspoction spocifyinQ re�.constble cause for the inspoctian.
<br /> �; 10.Condemaadon. The prcxaciti uf uny awant ur cl�im for dumuge.s. dircxt or con.ceyuential, in cunnectian with any
<br /> : ,.�^��. .: condemnatinn or attur takin� of any part of tlu Property,or for conveyance in lieu of condemn�tion, Are hereby�ssi�ned and
<br /> . _��;,;;.,� - sQ►�II�c paid to Lcnde�. �—
<br /> ,' in the cvent of a total taking of thc Praperty,the proceeds shall be applied to the sums securod by this Sccurity Insttument,
<br /> ;•�a--::�_� whether or not then due, with�ny excess puid to Borrower. In the event af a partiul taking of the Praperty in which the fair
<br /> �•"� �� rmrket valuc of the Property immedi�tely before the takins is equal ta��r greater than the amaunt of the wms sccurect by this
<br />��� Secudty lnctrument immaliately t+efore the talcing,unless Borrower and l.endcr otherwise agree in writing,thc sums securod by
<br /> '���,�5i;.;�;f this Security Instrument shall be reduced by the amount of the proce�s multiplied by the follawing frnction: ta) the total
<br /> ��!�Y��;;;�_,•=^;�,._ � amount of the sums secured immediately 6efore the tuking, divid�xl by(b)the fair market valuc of thc Property immediately -
<br /> � . . ' ' before the taking. Any balance shall be pai�i ta Borrower. ln the event af a partinl taking of the Property in which the fair _
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<br /> `;'..,. , market v�lue of the Property immediately before the taking is less than the amount of the sums sccured immediately before the
<br /> _ ' ` taking. unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides.the proceeds shall
<br /> - ��''�'f''"'�"`�``°'�' �� be applied to the sums secured by this Security Instrument whether or not the sums ure then due. —
<br />-�. �";; • � -. h;' 'ti If the Property is abandoned by Borrower,or if,after notice by Lender to Bonower that the condemnor offers to m�ke an �
<br />, d: ��� . . . award or settle a claim for damages, Horrower fails to respond to Lender within 30 days after the date the notice is given, _
<br /> ' i � • L.ender is authorized to collect and apply the proceais,at its option,either to restoration or repair of the Property or to the sums =
<br /> i � .. • '•• � secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Bonower otherwise agree in writing, any application of proceeds to principal siu►Il not extend or r
<br /> • postpone the due date of the manthly payments refened to in paragraphs I and 2 or change the amount of such payments. -`
<br /> ' ' 11.Borrower Not Released; Forbearance By I,ender Not at Waiver.Extension of thc time for payment or modificatian
<br /> '.. of umortizution of the sums secured by this Securiry Instrument granted by I.ender ta uny successor in interest of Borrower shall --
<br /> _.� . not operate to release the liability of the original Borrower or Borrower's successors in interest. I.ender shull not be required to
<br /> , j commence proceeclingti aguinst uny successor in interest or refuse to extend time for payment or otherwise madify amonization
<br /> • � • of thc sums securod by this Security Instrument by reasc�n of any demand made by the originul Borrower or Borrower's
<br /> � � ',`�'" successors in interest. Any forbearance by Lender i�exercising any right or remedy shull not be a waiver af or preclude the —
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<br /> __ ____ ":"�•_�__ exercisc of any right or remedy. -
<br /> �� � 12. Successors and Assigns &wnd: Joint and Several I.iabiUty; Co-sl�nerc. 'I'he covenants and agreements of this =
<br /> ' Security instrument �hall bind and beneCt the successots and assigm of Lender and &,rrower, subject ta the provisions of
<br /> :�;,....,.. _ . par�graph 17. E3orrower's covenants and agreements shall be joint and several. Any Borrower who co-signs thi� Security
<br /> Instrument but does not cxccutc the Note: (a) is co-signin� thix Sccurity Imtrument only ta mortgage, grant and canvey that _
<br /> ,;ti ,. Bc�rrower's interest in the Pr��perty under the terms of this Security[nstrument:(b)is not per�nally ubligated to pay the sums "
<br /> �, • . .� secured by this Security Instrument;and(c>agree�that I.ender anJ any other Borcower may agree ta extend,modify, forbear or
<br /> make any uccammodations with regnrd to the ternis of thi,Se:curity Instrument or the Note without that Borrower's consent.
<br /> � , 13.I.aan Chatxes. If the loan secured by thiti Security Instrumcnt is xubject to a law which set�maxintum loan charges, �-
<br /> ,; and that law is flnnlly interpreted u�thut the intcrest e�r othe�tuan chargec mllected c>r to be collecteci in connection with the
<br /> ';► '� , to•rn exceed the permitted limitti, [hcn: (al any .uch loan churgc�hall bc reduccd by the amount ncce�wry to reduce the charge -
<br /> �t t ', to the permitted limit;anJ(h)any tiutns ulreaJ�� Lollccted from Bo�rowcr which exceeded permitted limits will be refunded to `�=
<br /> Borrower. Lender may chnosc to mukc thi. rcfund by reducing thc principal owcJ undcr du N�xc or by rnaking a direct �
<br /> : payment to Borrower. If a refund reduces prinripul, thr rcduction will be treuted as u p•rrtial prepayment without any �
<br /> � � prepayment charge under thc Ni�tc.
<br /> :• • 14.Notices.Any notice tu&xrower pr<wided tirr in thi.Security Instrument shall he givcn by dclivering it or by mailing E
<br /> i � .��'�' it by first class muil unlcsti appliruble law rcyuim.u+c uf anuthrr method.Thc notice shall be direc[ed to the Propeny Address �
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<br /> or any other addre�� Borrowcr drzignatcs b� noticr to Lcndcr. Any nuticr to LenJer sh;�ll tx given by first class mail to
<br /> • Lender's addresti stated hercin or any ��thrr udJre�s tAndcr dc+ignatc+by noticc ta B�rrower. Any noticc provided for in this -
<br /> " ; •'' . Securiry Instrument shall bc dcemed to hav�hcen given to&�rrowcr or L.cndcr whcn given a.+provided in this paragraph. _
<br /> � I5.C.overnin� Law; Severabilit�•. Thi. Security In�trumcnt tihall be g�wernc�i by feder:�l law and thc law of thc
<br /> �;•• �. h� „ jurisdirtion in which the Prupcny is Icxatrd. In tl�r cvent that any pruvi�i�in ��r rlau.c of this Sccurity Instnimcnt or the Note �,
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<br /> � t. , '.¢�"'. :., conflicts with applicuble law, such contiict�hall not aff'cct other pruvi�ianti of thi. Security]nstrument or the Note which can be ;�
<br /> ' "+ •, �"" siven cffect without the conflicting provi,ion. To thia enJ the prcwi.ions of this Security Instrument and the Note ure declarcd '
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<br /> ry�` .A• .�-:. . to be�:verable. _
<br /> , e I6.Bormwer's Capy.Bonower.hull be given one conforttxd copy of'thc Nutr und�.f thi,Serurity Instrument. f-
<br /> " �� Form 3028 8/80
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