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<br /> paymetus mAy no longsr bc rcqidrcd,at the a�tian of I�cnder. if cnoag�ge iqauta�i�e�±+e�u�e�(In the umiount anQ Tor3tre�pa�
<br /> - that Lcudcr �'eWuit'cs)�a•uvlded hy nn insurcr npprovc:d by I.ender egnin be�ome.4 avalt�.:iCi'!t�and Is abtai�3.°.%ttowcr shaii pay '
<br /> tt►c premtums rcquired tn mtdnt�dn n�►rtgagC in+uranre in�effect,or to pravld�,u l�as res�rVc,unt#!,tlt��t�qu�rement fuY nw►•tg�ge
<br /> 9ctcsurancro ende in eccordanco wilh n�iy wriite�agceenxnt 6etween 13orrowcr��d�.,cndar.ur•aj,yaii�t,lt�.1p'::.
<br /> 9.Inspection.I.e�xlcv or ity a�snt tnay mnke reasonable antdes upon:��aud:;i�9pe�tlbfl�.of!h�'�'�operry. Lender shalt give
<br /> Sorrower nut8ce at thc tfine af�u pdar ta an ins�tcdan spxlfying reasanable caus�•for.��his:iaspcctian.
<br /> 10.CondentnAtlnn.The proceo�x of any awurd or slaim for damag�i;d�recC-pr���sWu�aa1, in connection witl�pny
<br /> cottdemnntlnn ar oti�e��tukli�g�f any part of ihe Praperty,or fnr cunveyanca:in Neu of condernnation, are hercby t�.ssigctod tutd
<br /> shall bc puid w L.ender. , : •'� .
<br /> In the evcnt af u total tuking of the Propeny,thc proceecis ahall be app!'ied to_the�fi�ims se�.ui&i by this Securlty Tnstruaxnt,
<br /> whcther ar not then due,with uny oxcess putd to Botrawer. In thc event of�a parEia_i..:ta�Cing af�He i'rapertyr in whtch thc fair
<br /> matket vntuo of the Froperty imr�iediutely bcforc the tnking is e�ual to ae"g�eater�:tyio umaunt of the sums securtd by tfifa
<br /> Securlty lnstmment immediatcly beforc thc tuking,unless Borrower and I.ender olherwip$agree.�il:aYdtinq,the sumx se�ured by
<br /> this Security Insu�ument shall bo reduced by the ainount of the proceeds multiplted by the•fsiilow�n�fracilan: (a) �he total
<br /> arnount of the sums secarcd Gnmc,�liatcly before tho taking, dlvtded by (b} �he fair..m.ahket v�lie�dt'ihe Property immodiatety
<br /> before the tnking. Any balance shull be paid to Borrower. In the event of a parti�:�tuklhg' af t�is.Property in which the falr
<br /> market vulue of the Property immedistely beForo the wking ts tess than the amount.pf�t�e sums'secursd immediately before the
<br /> `� taking.unless Borrow�r and I.tndcr othcrwisc ugrcc in wrltiaA or unless applicabt�Iaw othenv�se,prov�des,die procecds shalt
<br /> '.}.:�� be npplicd to the suma secured by thla SccurIty Iastrument whether or not the sums are�tea due;'„ .•,.;
<br /> �• If the Property is ctbandoned by Bartowcr.or If,after nodce by Lender to Rdrrower ths�►t th�:capdemnor offe�ra to make an
<br /> "�� award ot sett(e a clalm for damages, Borrower faits ta responJ to Le►►der wiiY�in•3b elays nftci tlie d�te the n�tice is givea.
<br /> L.ender Is authorized to collect and apply the pr+oceeds,at its uptlon,either to restornt�an or repair of,the Property ar to the sums
<br /> secured by thls 5ecudry Inst�ument,whether or not then due. �. ":•
<br /> Unless Lender and Honower otherwise agrcc in writing, any application of pmce�ds.�o..prinv3pal shall noi extend or
<br /> postpone the due dacc of the monthly puyments referred to in para�phs 1 and 2 or.¢ht►itge the uitiount of such payments.
<br /> "'+ il.Borrawer Not Relea.s�ed;Forbearance Ay I.ender Not a Waiver. Extenslon of the time For payment or mndlfication
<br /> of wnortizatlon of the sums secured by th{s Security Instrument�ranted by Lender ta�any sacceasor in interest of Borrower shall
<br /> r�.�:„� �.. � not operate ta release the liabiUty of the ocisinal Borrower or Borrowec's succesaors in lnter�$t:�:ender ahall not be required to
<br /> �� � commence procecdings against any succeasor in inter�eest ar refuse ro extend time for payment dr athdrwise modify umorti7atlon
<br /> .S-�>-.����''`` �f the sums secured by this Securiry Instrument by rcusan of uny demand made by the oilglnal Horrawer or Borrower's
<br /> ;�''>>•���`�'i'+;;°',''i successors in interest. Any forbearnnce by Lender in exercising nny right ar remedy shsU not be a waiver of or preclude tha
<br /> ' ^�;'� exercise of any right or remcdy.
<br /> �`�"� '`` "`'`'''r'�'`• 12. Successors and As.glgns Bound; Joint and Severat Uabltity; Casigaers. The covenants anil agrecmenu of thia
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<br /> �'"V� � � " `' Securiry Instrument ah�lf bind nnd bcnefit the succe�sor�and a.ssigns of Lender and Iiorrawer, "subJect fo the provislons of
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<br /> ;.''r ' '� ' �"'�;''��'' ara ra h 17. Borrower's covennnts and agreements shall be joint �d several. Any Boaower•who caslgns this Security
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<br /> �".:� ,�,," .,.`��;.... }-•h,. Instrument but does not execute the Note: (a) is ca•sisning thls Security Instrument only to mortgage.grant and convey ths►t
<br /> '• ' ' ` � '' "'' Borrower's interest in the Property undcr the terms of thiw Saurity Insuumenr. (b)js not personally obligated to pay the sums
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<br /> „�,;�,,;.,�,,;•,�;��st;;'� secured by Yhis Securlty Instrument;und(c)agrees that Lendcrund uny other Borrower may agree to axtend.modi , o or
<br /> v�r°a-���x•�'�>'..: � make any accommadations with re�erd to the terms of thi�;Security Instrument or the Note withouEathat Borrower'c consent.
<br /> y=��•�''"«-' "�����+� 13.Loan Charges.If the loan secuced by this Security Instrument Is subject to a law which sets maximum loan charges,
<br /> � � � "' ��- and that luw is finally interpreted so that the interest or other loun churges collecte�or to be callected in ws�necdon with the
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<br /> ���,o�. .,.,,.`:,,;,- loan exceed the germitted limits,then: (u) any such loun charge shull !�e reduced by the amount neceasary to reduce the charge
<br /> �:,�.i...n:4+..�.�-. to the permitted limtt: and(b)any sums already collccted from Bnrmwer which exceeded permieted limlts wiD be refunde�l to
<br /> - ° � - �: � Borrower. Lender may choos� ta mnke this refund by reducing the pdncipal owed under the Note or by making a direct
<br /> . �• � payment ta Borrower. If a refund reduces principut, the nxfuction wlll be treated as a psutial prepayment without any
<br /> °. . , pr�payment charge under the Note.
<br /> •• . 14.Noitces.Any nottce to Borrower provided for in this Security Instrument shalt be gtven by delivering It or by mailing
<br /> �r . it by first class matl unless applicable luw requires usc of unother method. Thc notics:shall be dIrected to the Praperty Address
<br /> �'. ,h' � , or any other uddress Bonower designates by notice to I.endcr. Any noticc to Lcndcr shall be given by first cless mail to
<br /> ,:;;••�.�'- Lender's address stated herein or any other address Lendcr dcsi}�nutcs by nntice to Borrower. Any notice prc�vided for in thls
<br /> � Securiry Instrument shalt bc deemed to have been given ta B��rmwcr��r I.cndcr when�{ven us provided in this parngraph.
<br /> �-�� �� 1S. Govern[ng Law; Severability. '1'his Sewrity instrument shull bc �uvcrned by federal law and the law of the
<br /> �•��=".�� . ,jurisdiction in which the Propeny is locnted, In thc evcnt thut uny pn►vision or rlausc of this Security Instrument or the Note
<br /> ��'� " ��; conflicts with appHcable iaw,such conflict shall nnt affe.ut��il�cr provi�tons of this Security Instrument or the Note which cun be
<br /> � given effect without the conflicttn�provision. To this end thc provi+iuns af this Securtty lnstrument und the Note are declared ��
<br /> ` � to be severuble. ��
<br /> ��; 16.Borrower's Copy.Borrowcr shall bc givcn one conforcneJ cupy c�i'tNc Nute und of this Security Instrument. •
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<br /> Form 3028 9/80
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