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<br /> ,,_ ;. .. ,_, .., . Payments may no toager be required,at We option of L•ender.if mort�e inswanoe wveta�e�(in the sunmust aAi1 for the petlQd ' , __-----
<br /> � . . that L,ender requiies)provided by an insurer appraved by Lender agaip 6ecomes ava�'lable and is obtainzd. Borrower sh�lt pay ---=----
<br />...� • ! . .., ' . _ _
<br /> � the premiums re�uired ta mairttairt mort�age'insur.�c�in effect.ar to pmvide a lass reserve.until the requiremeatfar m�rtgage --_____-_ -
<br /> ` ,. .�..�• insurance ends in accordaa►fie with any written ugreement betwetn Borrower and Lender or applicable law. :y�_,:�y�
<br /> 1 : --, - , 9.Inspectton.L.endet or its agent may�nake r�asonabie entcies apon and inspe�tions of the ProFerty.Lender shail give -��� - �
<br /> . Borrower notice at the time of or paoY ro un iaspection s�secifying reasona6te cause for tl�iaspection. . ' _ -----
<br /> -`-` �` � �� 10. Coade�atton: The proceeds of any awazd or elaim for damages. direct or consequentiril. in connection with any
<br /> r.:..":.�T-��;:
<br />_'�..w,_;:_,�,.;..'�. condemnarion or other taking of airy part of the Progerty.or fos coavey�ance in lieu of coademnatian,are 6ereby assi�aad.. ---------
<br /> ' ` y�� ` � . shali be paid to Lender. __..
<br /> s •
<br /> • In the event of a tatal tatang of the ProFerty.the procee�s shall be applied to the stuns secured by ttus Security rn�,*n m„
<br /> � '�' •��;=�t • wheth�r or not then due, arith any exsxss paid to Borrawer. In thc event of a partial taking of the Property in whicb the fair
<br /> � '��� '�"•```'.s:•. -�� - enarket vatue.of the Pro e _
<br /> p rty immedi�ely before the talang is equa!to or greater thaa the amount of the sums s�ured by this _—_
<br /> -� . • - •3ecurity Iast:umeni immediately before the taking.dnless Barmwer and Lender atherwise agree in writing, the sums secured by ���
<br /> ' : ��'.;;, . this 3ecurity Instiument shall be reduced 6y the�amannt af the proczeds multipGed hy the following fracsion: (a) the total �=��-=_-_-
<br /> - <' � amonnt of tfle sums sec�red immediately bsfore the taking, divided by(b)the fair mazket vaiue of the Properry ir�iately �
<br /> .�.���;,t';.` ;�� before thc taking. Any balance shall be paid to Borrower. In the event of a pacrial ta�ng af the Property in whioh the fair -
<br /> , market vaiue of the Property immediately before the taking is less than the amount of the sums secured i�mnediately before the
<br /> . ' � • taidng.uuless Borrower and I.ender athenvise agee in writing or unless applicable taw oihera»se provides,tlte proa�ads shall. -=_
<br /> �:__-
<br /> =.---- be applied to the sums se�,vred by this Security Ias�rument whether or not the sums are then due. -
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<br /> • • ---------- -�-•-�-- -�- ---�--- --........ ----�----------- -------� --- �--
<br /> � • �° � If tiie,Piopeity is a�tiancfonea�y�orrower,or if,after notice by Ixnder to Borrower that the candemnor offers to make an �
<br /> _ award or settte a claim for damages. Borrower fails to�respond to Lender.within 3U�ays after the date the notice is given. �
<br /> •. Leader is authorized to callect and appty the proceeds.at iu option.either to restoration or repair of the Property or to the surn� �;.�.';-
<br />� . �� secured by this Sec�rity Instmment,whelher or not then due. ``i�-
<br /> ---_= '��=-'• ,�,_
<br /> • Unless Lender and Borrowet otherwiise agree in�vriring, airy application of proceeds to principal shal! not extend ar '
<br /> � • . � pastpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of s¢ch payments. g�
<br /> ,'g�s3'e;.
<br /> � � , 11.Borrower Not Reteased;Fo�6earance By Lender Not a�Yalver.Extension of the time Por payment or modifccatian ���"`TM=
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<br /> , . of amosu�tion of the sums secured by this Security Instinment granted by Lender to any successor in interest of Boao�ver shall ��'��-.
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<br /> • . � ". not operate to release the liability of tbe orignal Borrower or Bormwer's successors in interest. Lender shall nnt be required to �:i��
<br /> � � L `• commence proceed�ngs against any suc,cessos in interest or refuse to extend time for�ayment or otherwise modify amortization ;�r�;_
<br /> of r�e sums secured by this �ecurity Inswment by r�on af any demand made �� the original Borrower cc Borrower's . 5•^`
<br /> ';`"`°`, : successors in interest. An fo�t*�zaraace b Lender in ec�.r.�sin an ri t or rem���shall not be a waiver of c- reclude the. �#��
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<br /> ., . � exercise of any right or remedy. . � ;�• '
<br /> . • , .� 1Z. Succesccorrs and Assigns Bound; Joint and Several Liah�eg; Co-sigaeis. The covenancs and agreemenu of tfiis ���'- '"�� �'
<br /> .•• � es . . �
<br />_ • Secvrity Inswment shall bind and benefit the successors and assigns of I.ender and Borrower, subject to the provisions of ` r
<br />`'Hx�����::, � puragraph l7. Bornower's wvenants and agreements shall be joiat and several. Any Borrower who co-sigru this SecuiYty
<br />-- ''';'��^'" Instrument but dces not execute the Note: (a)is co-signing this Security Instrument only w mortgage. grant and convey that � ., '
<br /> f' ' ','j�'�� Borrower's interest in the Praperty under the te�ms of this Securiry lnstrumeni: (b)is not personaUy obligated ta pay the sums '�
<br />-.�Y:::�'.���t_"�'�.?',:-� � N —
<br /> - _� �: -: secured b this Secori Instrument:and(c)�rees that Lender and an other Borrower �sr'�'
<br /> _ � Y tY y a ree to extend,modif .forbear or a.•
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<br /> make an acwmmada6ons with re ard to the terms of this Securi Instrument or the Note without that Borrower's consent. �:.� �:,^
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<br /> �' "�"�`�'' ' 13.Loan C h a i g e s.I f t h e t o a n s e c u r e d b y t h i s S e c uri ty Ins v u men t is su bject t o a iaw w hic h sets ma�cimum loan c harges, •'•�+1�����
<br /> .�:: a��,.>•• •.
<br />�� �'��='���'��� ��� anr!that�aw is finully interpr��so that the interest ar at+er toan charges collectetif cr to be coltected in conr�ction with the " - T��
<br /> _�','�i_Y•�r=y'_.•:. . ''F:•; . .s
<br /> , loan e.xceed the permiued limits,then:(a)any such loan char�e shall be reduced by che amount necessary to reduce the charge ' . ;,;:>:•.: '• �
<br /> . � to the pemutted limit;and(b)any sums already collected from BorroRec which exceeded permitted limits�vill be refunded t� : E�>�- , '�-'
<br /> - . . Borrower. L.ender may choose to make this refund by reducing the�rinciDal owed under the Note or by making a direct � ''"•`'�� .=.=�
<br /> �•. . .
<br />- ' . . : paym�n� to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any ' ��'- v�
<br /> ' . pr�yayment charge under the Note. . � " , ' � ;'�-
<br /> - � 14.Not[ces.Any notice to Boaower provided for in this Security Instrument sha116e given by delivering it or by mailing � `
<br />- it by Srst class�rr,ail untess applicable law requires use of another methad.The notice shall be directed to the Property Address . ' •� • ;r•
<br /> =�;,�;`• ,;....� . oe any other a�dr�ss Borrower daignates by.notice to I.ender. Any noticc to Lender shall be giver� by first class mail to ' ' � �� s
<br /> '"�' ° f"' � l.ender's address stated herein or any other address Lender designates by notice to IIorrower. Any notice procid�l for in this �
<br /> ��''�S�`� , ; Sea�rity Instrument shal!be�remed to have been given to Borrower or Lender when j,ir en as provided in this F:r.:;raph. ,t' ' ��'
<br /> . ' ;'.' :: ' IS.Governing Law; Severabflity. This Security Instrument shall be governed by federel iaw and thc law of the �� - •�
<br />-��`•�,,;;: ��'�•c �`� jurisdiction in�rfiich the Property is located.In the event that any pravision or clause of this Security Instrument or the Note . � ' '
<br /> ��'�.�:=-,�- ���- ' conflic*s with�l'scable law,such conflict shal!not affect other provisi�r�s of this Security Instrument or the Note which can G: •
<br /> ^ '��?�-;,=��:.:.. . given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Ne*�are declared ' '.�. .
<br /> a.�=.�: � to 6e severabte. , '�:'�
<br /> � � � �� 16.Borrower's Copy.Borrower shall be given one cunformed copy of the Note and of this Security Instniment. � ' � �'_
<br /> .�_'., ,
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<br /> -..��#�`..��;��, Form 3028 9/80 � �
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