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<br /> �°-�--°--�°-------- et tha o�tion of �ndor, it mortsa�qe insurance coveraga (in the amount and for the period that I.ender requires) --
<br /> ".��`�' pr�vtded hy�n ineurGr approvcd by Lender egain t�ecc�mes available and fs obtained.Horroaer shell pay the premiome -�---
<br /> ko.,.� .tik,.,Y.rrn. — —� --.._
<br /> eequieed to maintain mart�aga inouranco In eiteat,or to provida a loas reserva,until the requtrement for mortgaga �'=-y���=-}���' ` ��-
<br /> �-� inaurance ends in accordtnce with any wdtten ogreement between Borrower end Lender or applIcable law. _-- -__ ---
<br /> _ _ _ 9.Iaap�eetiaA.I.end�r or ite�gent msy meko rcasonsble entrIes upon and inspeotIons of tha Property.Lender shall -� --
<br /> ��� � ve BorroNCr notice�t the timo ot or rlot to en i on f In reasonable causa ior tho ins `�-��---= l
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<br /> 'a'. . ... (i� P ��� �Y S peati�n. .�� t --�
<br /> �. 10. Condemn�tion.'Phe proea�de of any aaatd or oleim for damagea�direat or consequential,In connectton wtth ��
<br /> - -- - `� 8��y cuademnalIun or othet tak in�o f�ny paet oi the Peoperty,or far canvayance In tieu oi condern►nation,are hereby � -- _
<br /> .,:a��:N:'.�c nssi�ned enA ehnit he�idtel.ender. ?��-'��a-���~'___: , �_-�.
<br /> ; �.Y.�.+�a.s.� . __.....
<br /> -�+ . In the ovent at a wul ukin$af the Property,the praceeds ahal!be applied to the eums secured by this 3ecudty •r:t��-._-_�
<br /> ��`__�:_=__
<br /> - ��?:=�� . Inetrument,whetho�cn nAt thon due,with any excesa paid to Borrower.In the avcnt oi a partiel taking of the Property�n ��:.; �
<br /> ':�.;:.•.'..'•.��,: � whtah the fatc mukot v�tue ot the Prnparty immediately befora the taking is equel to or greater than the amount oithe ' '���`��'`�'�
<br /> � .. .��:•,: . .,�"�:; '-��_
<br /> ���;��,` , , � sums aoonred by this 8eourity(netrument immodlately before the taking,unlesa Borrowor and Lender otherwise agree •.. r.�,�,��,L-:;
<br /> ` ��''' ` 9n aeidn ,tho aums e�oauted b thie Seour�t Instrumant shall be teduced b the amount of the roce�la multi lied b `
<br /> � '�.r�.� . ,; � 8 Y Y Y P P Y � t:�:;.''::.
<br /> MY� � �=�-. �• +� �r�� � the tallowing traotlon;(sl the total amaunt of tha suma seoured immedtataly be�fore the taking,dlvided by(b)the iair ° � � - �- __
<br /> � ,�. �. . .. .
<br /> � � � � �° markat value af the Propony�mmediauly bafore tha taking.Any balance shall be pald to Bonower.In the ever�4 of a , '� °
<br /> `� �� artlal takin oi the Pro tty in whioh the fair market value�f tha Pro rt immediatsl before the takin ia less than � � � �' '-@._
<br /> �i:'��' '�. . : "' P � P� Pe Y Y �
<br /> JJ - �. • � the amount of the aurna secured immedletely lxforo the taking,unlesa Borrower and Lender atherwlse agree in wrIting . , � �
<br /> r . or unless appltoable law otherwiQe providea. the proceeds ahall ba applied to the aume se�ured by thla Seaurity �_
<br /> ; „ Instrument whether or nat the eums aro thon due, , � --M__
<br /> � � " Ii tha Proparty ie abendoned by Borrower�ot if,atter aotice by Lender to Borrower that the condemnor oifera to � ,f��•�
<br /> �. � �z ' make an ewerd or sattle a alatm for demegea� aorrower fails w re�spond to Lendar within 30 days atter the dats the ��F--�-
<br /> j� ' " .� nntice�e givcm,I.ender is authoti�ed to culteut und appty the proceeda,at its opti�n,either�o restoratton or repair of the : �-��'.a'" -
<br /> -. ;=•--_� Psop�rty oi'i8 th"v sii�:SS se�.uia3 by this o-�7ui ity Ifl6tfu�iioid,whniiior w uui ilic�a dun. _'- _- , - _
<br /> ; ' , Unless L.ender and Borrowor otherwise agreei in wrtting,any appltcat4on of proceeds to prtncipal shall aot extend or •� "� � _
<br /> poatpone the dua dats ot tha monthly payments raferred to tn paragraphs 1 and 2 or change the amount of suah • • ., ~-
<br /> ., . , Paymente. • ., ; .r�;�4 _
<br /> 11. Borrower Nat Reloasod; Forbearance Sy I.eader Not a Waivor. Ertenaion oI tha time for payment or � I
<br /> � ' modtitcation ot emortizat�on of tha eums seaured by th�s 3ecurlty Instrument granted by Lender to any auccessor in ` �,
<br /> �, ' interest of Bonower shall not oporate to release ths Iiabl(ity ot the orlginal Borrower or Barcower's successore in . .�`,,`.�="�'�
<br /> interest. Lendar shell not be�equfred to commanca praceedtnge against any successor in interest or rsfuse to extend ,' A���- -
<br /> ttme�or payment or otherwise modffy amottlzatton aP the aume secured by thia Security Inetrument by reason of any � �►.:,�; -
<br /> � demand made b y the ort gtnel Aorrower or aurtowor's auccessors In interest.Any torbeerance by Len der in exerciaing `� '
<br /> any rlght or temedy ahall not be a walver Af or preclude tha exeraIsa of any right or remedy. �_
<br /> -` --�--- — I2.Successors sAd A881$I18 BQUAd;ioint�na 8everal Li�biilty;Co-aignere.'!rie covenanta and agreaments �---� --� �. ---
<br /> of thIs Security Inatcument shall bind and benafit tha successc�rs and esstgne of I.ender and Bonower, aubject to the ' ,
<br /> provtaions of peragreph 17.Horrower's cavenanta and ngreementA shall be joint and saverel. Any Borrower who co-signs �
<br /> � thia Securtty instrument but does not executa the Note: (a) is co-aigning thie Security Instrument only to mortgage, '
<br /> . gcant and conve,y that Horrower's intereat In the Arapnrty under tha terms of thia Security Instrument; (b) is not � ��. ��1�
<br /> � personally abligated to pay the aums secured by thie T�ecurity lnotrument;and (c) agrees that Lender and any other � ' ��,��
<br />- -�-� --� -•--- Borroaer may agrea to extend,modify,forbear or maka any accommodetione with regard to the terms oi this Secudty t �`'-�F�-�'" �
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<br /> . Inatrument ar the Note without that Horrower's ranxent. �� '�
<br />_ 13. I.osn Ch�rgea. It the loan secured by thie Security InRtrument ie aubject to a law which sete maximum loan u�
<br /> eharges, and that 1aw is tinally intorpreted sa that the intereAt nr other lonn charges collected or to be collected in
<br /> -� . w: conneotion with tho loan axceeci tha permitted limtta, thnn: (e) a�y such loan charge shall be reduced by the amount �,.,,, �,Q
<br /> necessery to reduce tha charge to the permitted limit; and (b) nny Rums already collected from Borrower which ' - ,�
<br /> ° t, exceeded permttted limtta wi11 be refunded to Horru�v�r. i.vnddr moy chaose to make this re4und by reducing the �°;%'��
<br /> � ,, prinoipal owed under the Note or by making a di�ect paym�nt to linrrower.If a refund reduces principal,the reduction t'�'�`�� - :�
<br /> , M1 will ba treated ae a partial prepayment without any prtlpaymnnt chergtl under the Note. �,
<br /> :, 14. Noticea.Any notice to Aorrower provldeJ tur in thi�Security InRtrumentshall be given by dalivering it or by � ::,
<br /> mailiug it by �irest cinav mail unirx�appticabJe tuw rcquires uxa u!another mothod.The notice shait be directed to the I ' �_
<br /> Propetty Address or any othar address Anrnnver de.vignute9 by nntice tn Ixnder. Any notice to I,ender shall be given by , � �
<br /> � tirst cless mail to Lendrr's aciciresy stetrd herein or any uther addre� I.endet designates by notice to Borrower. Any � -'�
<br /> notice provided 4or in this Security Inatrument shaU br denmrd t��hava beea given to$orrower or Lender when given � � , �:�:
<br /> • as provided�n thie peragraph.
<br /> I3. Goveraiag Law; Severabitity.This Security lnvtrumcnt Hhal) be governed by federal law and the law of the ,
<br /> jurisdiction in which the Property is located.In the event that ony pr�wiRicm or clause of this Security Inatrument or the ; y
<br /> .. Note conilicta with appticable law,such conflict ehall nc�t eftect uth�r pr�►visicros of this Security Inatrument or the Note :
<br /> which can ba given eflect without the contlicting prc�viKi�m.'f�►thiN end the pr<�viwinng ot this Security Instrument and -'
<br /> • the Note are declared to be severeble. + ,�
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<br /> _ �-6R(NHI�o+aa4o� Form SOYB 9/80 ;
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