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<br />— ';.�}".,,.�� .. - pe�,maits may no longu bo nqui�ed,at tha opdon of La�da.if mo�ge insutance covcnage(in the aaiount�nd for the perbd
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<br /> — w�.�:��� � t1�t Lsada reqwlrrs)Pmvided by an insuru approved by Lender again�CCOmes availeblo and�a obtained Barrowar ehatl pay tAe
<br /> . � , s:q P���4ufr�ed w metateSn mort�aga�sur�ce in effect� or w provide a losa resava undl the requir��►t for rt�rt�ga
<br /> �. Ina�u�aoe aida in vocorduice with any wrIUen ag�eement betwee�t Basrowar and Leada or�ppliable Few.
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<br /> � y..:° 9.Ie��gectton. r�eader or its agent may mske reasonable enorias upon end L�spocdana of the Piup�ty.LcnQer shall glva
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<br /> . !�:»;;:='.;,:.;�`�.,::;, Bo�roa�r rwdcs�t d►c t�ue of or prior w aa inspxdon specifying ceasonaLla cause for U�e inspecdon. � - ---� -
<br /> t =- 10.Coade�mtian. 'lbe pmc�eds of any sward or claim for aamages�diroct or cnnsequendel.in connocdon wtth any
<br /> �� c�ndeaineflon or odta takln8 of any part of tho Prnperty.or for conveyance ln ltw of condemnadon,ara hereby avaigaed and � -
<br /> . . sdall be paW to I�uder. �--�`
<br /> Cf rv-
<br /> � . ; Ia the eveat of a wtal taidng of tha Preperty�the proceeda shall be applied w the sums se�ured by tbis Secudty Inswment,
<br /> . ,„ . aheaher or aot thea due.wItb eny excess paid w Bosower.In Woevent of a patdal ta?dng of the Properiy in which tbe fair marlcet �y�,- --
<br /> , value of the Pr�periy immediately before the takutg is equal to or greatet lhan the a�ttount of the sums socured by this Sx u t i t y °=.:-� _
<br /> lastrument imaeedfately befora the taking�unless Borrower and Lender oWerwfse agree in wrlting�tha aums secured by thfs =__
<br /> �l ' Socurity Instiwrtent shall be reduced by the ataount of tbe proceeda muldplled by the foUowing ftacdon:(a)the wtel amovrtt of --
<br /> n' the mims secured immedletely before the taldng, divlded by (b)the fatr market value of dte Property Lnmedistely befora the
<br /> � � taking.Aay balaaca shall bs paid w Bomower.In the eveat of a pacdal taking of the Propeaty in which the fair madcet value of the _
<br /> Propaty immediately before the takinq is less thntt the amount of the suans securet! immediately before the tal�ing. waess -�-
<br /> _ -� -.=---..--.-- .._-.-. _ L�o�o4ter etx!L�'otlter�t4se soten f�t wtl4�ng or unle,vs appllt�ble law othetw3se pmvides.the Dtaceeds shall be ePPlled to the
<br /> �� . sums secured by this Secudty Iastrument ahethe�or not the sums are then due. ��°--- -- -
<br /> If the Pmperty Is abandoned by Bomower,or if,after notice by Lender ta Bon�ower tdat the condemnar offas W make an s„__._
<br /> awerd or seule a cleim for dameges�Borrower fails to respond to Lender within 30 days after the date the nodce is given�I.eade,r
<br /> is sutlwrized w coUect and apply the proceeds.at its opdon,either to restoradoa or repair of the Pcoperty or to the swna saciu�d �-',_-
<br /> '. by this Securlty Iasuument,whethes or not then due. k'^�'�'
<br /> Unlaas Lend�and Borrower othecwise egree in wrldng,eny agpiication of praceeds w principal sbaU nat extend or postpone '
<br /> .. ' tha due date of tho monthly payments referred to in paragraphs 1 aad 2 or change the amount of euch payments. '�`_L^��""°�
<br /> 11.Borrower Not Reteasedi Forbearance By Lender Not a R+aiver. E�ctenaion of the dme for payment or mod3fcation ,fi�--
<br /> of amordzation of the aums secured by this Se�urlty Ins�ument granted by Lender w any successor in interest of Borrower sdall :���
<br /> ' not operate w reloas8 the liabllity of the orlginal Bomnwer or Bomower's successors in int�eresG I.er►der sheU not be req�ired to ��`"`—
<br /> _�:..�
<br /> - -------- -- ---- C'uFi�ri�1;.��'�,i.=�b..�tt?t°Ry"��!'^PO�nr in i�tAmar n�mfuaa tn a:trnd Hme f�r tu�vmeatt ot otherwise mOdifY AmOtd�8d0A Of - -�-�-<.' '�-
<br /> th�sums secured by ihis Security Instrument by reason of any demend made by the odginal Borrower or Borrower's successora .. ''; �.__
<br /> �yA in inta+est.Aay focbearanca by Lender in exercising any dght or remedy shall not be a waiver of or preclude the exercise of any ��..V:,y=:�
<br /> right or remedy. .:'----
<br /> 12.Suocessors and Asslgns Boundi Joint and Several l�iabllity;Casignera The covenants end agreeanents of this �„�.�
<br /> Security Instrument shail bind and benefit the successors end assigns of Lender and Borrower. subject to the provisions of '?�r`
<br /> patag►aph 17. Bon+ower's covenants and egreements shall be Joint and severai. Any Borrowea who co-signs this Security �• __
<br /> Inswmeat but dces not eacecute the Note: (a)is co-stgning this Securlry Instrument only w mortgage,grant end convey that --
<br /> Boaower's inte�est in the Property under the tc�ms of this Socurity Insuumenk(b) is not personally obligated w pay the sums ��''
<br /> secured by this Securlty Instrument;and(c)agrees that Lender and any other Bonower may egree to extend.modify.forbear or • _;_
<br /> � mako any mccocnmodations with regard to the tecros of this Securiry Instrument or the Note without that Borrower's wnsen� �;z_
<br /> • 13.Loan Charges. If the loan secured by this Securlty Insavment is subject to a law which sets maximum loan charges. ,. '��;,;�,
<br /> '� end that law la fuiaUy interpreted so that the interest or other loan charges coQected or to be coUected in connecdon with the loan , � ;,}��,,-,_
<br /> exceed the pennitte�Wnits,then:(a)any such loan charge shall be mduced by the amount necessary to reduce the chatge to the � ��^�
<br /> - permiued limit; and(b)any sums already collected from Borrower which exceeded permitted Wnits wW be mfunded to Bo�ower. .
<br /> ' I.ender may choc�e to make this refund by reducing the princ[pal owed under the Note or by making a die+ecc payment to I �
<br /> Borrower. If e �efund reduces principal,the reducdon will be veated as a pardat prepayment without any prepayment charge •
<br /> under the Note. i
<br /> 14.Notices. Any nodce to Borrower provided for in this Security Instrument shall be given by delivering it or by maWng it ;
<br /> by first ciass mail unless appHcable law requires use of enother method.The nodce shaU be dinxted to the Property Address or �
<br /> any other address Borrower designates by nodce to L.ender.Any nodce to I.ender shaU be given by first cless mail w I.ender's � `
<br /> address stat�ed herein or any other address Lender designatcs by nodce to Borrower. My nodce provided for in this Sccur[ty
<br /> Insuument shall be deemed to havc bcen given to Borrowcr or Lcnder when given as providcd in thi�paragraph. I
<br /> IS.Governiag I.aw;Severability. 'it�is Security Instrument shall be governed by federal law and the law of the �
<br /> , jurLsdictIon in which the Property is located. In the event that eny provision or ciause of this Security Instrument or the Note
<br /> � confUcts with applicable law,such wnflict shall not affect other provisions of this S�urity Insvument or thc Note which can be �
<br /> 'i given effect wtthout tho conflicting provision.To this end the provisions of this Scxurity Inswment and the Note are dc�lered to
<br /> � be severable.
<br /> • Fotm 302 9I80
<br /> • �•8R(NE)ce�ool CFC(9192) Page�ot 8 m�t i �—
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