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<br /> p�Ye�nu qqy no lonser be[equirod.�t�he option of Lo�der,if mort�a�e inwranoc oovera=e(in the mount aad for We paiod
<br /> dw L,e�der roquira)Pn�vidad by�n inwr+er�pproved by I.�nder r,�in bocoma wdl�blt�rd i�obWned.Barrow►ar rMll P�Y
<br /> the pnosium�roquind w mdaWa mort�e Inwnr�oe In effect,or w provide a la�r�aerve,until the roquiroma»ta m�o�ti�iQ
<br /> iurunna ad�in�eeoe+d�rce with�ny wdttea aRcan�a�t betwam Borrawer ond l,st�der or applicable Itw.
<br /> f. Ia�prctba.Let�der ar iu a�ent may m�ke re�aoiuble enirka� upon u�d in�pectlom of the Propaty. 1.ad�'�hall�ive
<br /> Horrower notloe s�t tho time of or pdor to an lnspectjon spocifyina re�wmbte cau�e far the ltupection.
<br /> ��, Cq�danpq{o�, The proceed�of my �ward or claim for darn�a, dlrect o�oomcquential, in connoctlon with tny
<br /> °- ""` °�" _"' vondrmnatiun ur u�fKr t�fcinY of�ny wut of the Property,or for conveynnc�e in fltu af crnnkmn�tion,ere herd�y�igned�nd
<br /> �lull be paid to L.ender.
<br /> in the event of�toW�3lcing of the Propecty�the proca�ds ehe��be�PP�led to the wma securad by this Savrity Inetrument,
<br /> whether or not ttkn dtu, with any excat piid to Borrower.In tlx event of a putial takin�of the Property In which the fair
<br /> m�rket value af the Property imtr�odiately befo�+e the taking ir oq�wl to or groater than the arnount of the wmi sxured by this
<br /> Security Irutrument inunedi�tely before the t�ng,�nlexs Horrower and Lender otherwise agree in writing,the sums acurod bp
<br /> ° � thi�c Sa:urity inxtrument slwll be roducod by the amount of the proceeds multiplIed by thc following fraction: (x)the total
<br /> Amount of the wmc aecured immodiAtely before the wking. dividcd by(b) the foir muku vatue of the Property immediately
<br /> befoce the takinQ. Any balance shall be paid to Borrower. In the event�f a partial taking of the Property in which thc fair
<br /> rtuuket value of the Property immedi�tely befure the taking is less th�n the amount of the sums securod immediately before the
<br /> tahing,unlcss Borrower ud Lendcr otherwise agree in writing or unless applicable law othcrwise provides, the procoods shnll
<br /> bo appliod to the aums securod by this Securiry Instnimeat whether or not the sums are then due.
<br /> If the Property'is abandoned by Borrower.or if,after not�ce by Lender to Borrower that the condemnor offers to m�ke an
<br />- - awwrd or setdc a claim for damages, Borrower fails to respond to I.ender within 30 days after the date thc notice is givcn,
<br /> ��.� Lender is authorized ta wllect and apply the proc.ceds,et ics option,either to rcstoratian or repair of ihe Property or to the sums
<br /> = secured by this Scxurity Instrument.whether ar�wt then due.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to princip�l shatt not extend or
<br /> postpone the due date of the monthiy payments referred to in parag�phs 1 and 2 or ch:uige the amount of such payments.
<br /> . Il.Borrower Not Released;Forbearance By I.ender Not a Waiver.Extensio�i of the time for payment or mali fication
<br /> of amorti�atian of the sumx sccured by this Serurity lnstrument granted by Lender to any successor in interest of Borrower shall
<br /> not aperate to relca.ce the liability�f the originul Borrower or Borrower's successors In interest. l.ender shall not be required to
<br /> . � � � ' commence proceedings ngainst any succeswr in interest or refuse to extend time for payment or otherwise madify amortization
<br /> ' �n�;'�� �� of the sums secttred by this Security Inctrument by reason of any demund made by the originul Barcower or Borrower's
<br /> . � .,.,�.. _�.,.•.
<br /> ., r.•:� successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> - •�.-:�;,,,. .��.;, exercise of any right or rcmcdy.
<br /> „ , 12. Successo�Y and Assigns Bound;Joint and Severrd Lt�btlity; Co-stgners. The covenants and •r@reemenG� af this
<br /> ' • Securiry Instrument shall bind anci benefit the successon and assigns of l.ender und �nower, subject to the provisions of
<br /> paragraph 17. Borrower's cavenants und agrecments sheil be joint and �,everal. Any Borrower who co-signs thic Security
<br /> . • � - Instrument but dces not execute the Note: (a) i,ro-�ignin�this Securiry Intitrument only to mortgage,grant and convey that
<br /> ' Bonower's interest in the Propeny under the tcnn.nf this Sccuriry Instrumcnr. (b) is not personally obligat� to pay the sums
<br /> • ,�;.. ,. „ . secured by thiti Security Instrument:and(c)agrecs that C.ender und any uther Borrower may agree to extend, modify,forbear or
<br /> make any accomnu�dations with regurd to the trrm� uf this Security Instn�ment or the Notr without that BoROwer's consent.
<br /> • � 13. Loan Clwi��. If the loan s.:wred by thi,Seruricy Intitrumcnt i+�ubject tn a law which�ts maximum loan charges,
<br /> i und that law is finally interpretrd�u that the interctit ur ather I��un charge+cutlected or to be cnllecteci in connectian with the
<br /> = ' loan cxcccd thc permitted limit�. thrn: (a) any �uch luun chargc�hall bc reduccd by thc amount nccessary to rcduce the charge
<br /> .►� '�'""" to the permitted limit; and (h)any tiums ulready ci�IlcctcJ t'rum E3nrrc�wcr whirh exceeded permittrd limits will he refunded to
<br /> " ' Bo�rower. l.ender muy chcw.c tu niake this refund hy rrdurin�±thc princip•rl o«�cd wider the Note or by making a di�ect
<br /> . payment to Borrowcr. If u rcfund reducc� princip•rl, th� r�duction will hc trcatcd a� a partial prepayment withaut any
<br /> prepayment chargc under thc Notr.
<br /> �� � 14. Noticcs.Any nuticr tu Burro��•cr pr���•iJc.i for in this Scrurity In�trumcnt .hall hc givcn by delivcring it�r by muiling
<br /> �. it by first clus+mail unleti,applirable law� reyuir�ti u�e uf anuther mrthal. Thc uutice�hall tx dirrcted to thc Pmperty Address
<br /> �• or any othcr addre.ti &�rru���cr dr�ignatrti hy nutic� to L�nd�r_ Any n��tirr tu l.endrr shall bc givcn by first cla+s mril to
<br /> . Lender'y •rddre�� �tatrd hrrein or any ath�r uJJre.�[.enJer Jr.i�natc.hy nutir�t�� R��rrua•rr. Any ne�tice provid��i for in this
<br /> .. ;, , Security Instrumrnt shall lx dccmcJ tu havc hcrn p i�•cn a�Barruv�cr��r Lendcr w•hen givrn a,pruvidcd in thi s paragruph.
<br /> � � IS. Govcrnin� I.aw; kvcrubilit}•. Thi� Sccurity In�trurnent �hall tk gu�•rrncd hy tcdcral law u►xi thc luw of thc
<br /> . '-�'.�` jurisdiction in which the Pruprrt�• iti lcx•rted. In thr c��cnt that an�pruvi.i�m ar rlaux ot�thiti Srruriry (n+trument ur the Note
<br /> � amflict�with aprlicable law.,ueh runflirt�hull ni.t aftcrt i�thrr�r���•i�iunti ot'thi.Scrur:tr In+trumcnt��r thc Ncnr which can be
<br /> , � given effert witl�wt thc c�mtlictin� pruvi,iun. Tn thi� cnJ thc pro�i�iun�ul thi.Scrurit�� Intitrument:►nd the Ni�te are declared
<br /> � to be ycvcrablc.
<br /> .l � � 16.Borma�er's Copc.Borru�cer tihall he gi��n une ru�iturnicJ r.�p� ��f the\��tc ai�d ut thi�S�rurit��lnstrunKnt.
<br /> Fam 3028 9l80
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