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<br /> - L�� mcn9a ma no lon es ix�reqairu4,at IUs ogtl6n af x.ender��if fAt41i$Q�$0$l3YIf�1SiCC CAYGt�'d(►11�il�nma:Tnt�:.t!f�s it►7(Fie�r�d
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<br /> �, that iraflcr re�,uira::j pcavldr.d by tu�i.n�urer�QrcZVed by I.�ent3�r ng�in bccomes Avt�iilabk attd is obtaittir,ll.Horia�wec�Il pay th�
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<br /> "«_'�.,�,�. ' Pi'C111�Uf'��IG(�Ulfi.i� tA[I48IR141i�i1 i;1G'rii�:�s=%��s�3w.�.!n affcc!, Qr c°►�r�v#a:��[c►��s�escr�ro. u�.�l f�o rcqui�cancnt Par ant�c��o �'.,,.,�;';
<br />- _-- --- �` insur�cc snds dn aacard�uico wltb any writtai s�cen►cnt I�tw�w+Baarower And Lc�s,�apq►flctbZa G�vr. `=`"-_
<br /> �,�.:��.:;.�;,�`��..�.. Le.�ndcs shall glYe _-•_
<br /> ' � �°..4 9.Iaspeclfnn. Lerutct•or its egr,�t may msko rea.wnablki rauic� upon and inspo�tlans mf Itw Pr�gcit'�• ;, -
<br /> �'�:�'.�,r,� Borrov�rr notico ac ihe timo of or pcior W an inspa�tlon 3�ocitYfng aeatonabin causc foe tha insptxtton. �. "��;:
<br /> . �s6'� l0.�oedzm�xtbn. 'ilie procc�^�ds of sny awa�d or clatm for demagcs,diro;;t or cansaZuential+1n con►�ectkxi wIth any �LL n:,.
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<br />; '"�� ,- �= ` condemnatian or oll►u taki�g of sny Part of the Pioperty.or far convcyence in Le�af co�demnution�am hercby assigneQ „�:;_
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<br />_ � :.;.,...:- stralt bo pald to Leada. �-..=-.....
<br /> -.;`" �.�-.`,�:�'� � In tho event of a total taking of tiw iroperty.the prac�ds shall 6o appikd[o tho ettma aecurcd by�his Sasuxity Instrumu►t. =.-
<br /> -=':v :�: tuking of�he Pe+�pcioy in whl,ch the�aie merBcet c.;-.-.-�-:
<br /> ';., whether or nat Ihen dua.with eny excess paid w BcKrower.In the evcnt of a partie! �_--_-_
<br /> ,�,"'" � �`� � valuo af the Property immediat�ly i�fnre the taking is e9usi11 to or grcater than�ito�rwunt of the sums cet;ursd by�his Se�urity �:ti=
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<br />`�'`;� � ..;�: Insuume,nt immeciisst�lY before the tal�ln8,unless Borrower and Lender othenvise ugn�e in wdting, tb� surn�sxurai by this e:t.w,,.
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<br /> �. .;,�+.-� Securicy I�stra��nent shall be reduced by tl�e amount of the proceeds multip7led by thcs folk�wing ftacttam:(e)ehe Weal mnount of a
<br /> — , ','�•� �. ehe ssym9 securod immediately 6efort the taldng,Nvided by (b) tlw Calr market valua of�he Propaty im�stediately b�foro Nso �....._
<br /> � '� '�� m�ing.Any bal�nce ahall lx paid to Borrower.In the event of a pariial takiYig mY i,5a F:�--ry in:i::i:,h st�F1��l Y�!t�!�of tpse ��;�.,,..
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<br /> `—_. '�=i,�-t;:� -��t Propect}► �nmediately 6efare tha taldng !s less than the amount af the swns cecnrcd immediauly hefore U�o taldng� unlcss ����-�_
<br />--.- Bonowca and 1Gender othenvlse agrea in writing or unloss ap�llc�bl�luw otherv�lse pmvitks.�ho pmceeds shafl ba spplied in the � _
<br /> �:::�,,^�,�__ sums sacured by this Stcurity 1ns�u::ent whether or nat the sums aro then due. �='�'���
<br /> -- .. If the Property is abandoned by bnnower�ar u,afcer�wuw��t�•�;i:�';a 8�.:..r w th°:t»�-_�_^.�!�±!±�!!�*affc�cn maka an
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<br /> � award or seatic a claim for damages.Barmwer fails t�respond to I.ender wi'�hin 30 dnys after the date tho notice is given,Lender �;_ :
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<br /> is author�zed to sAllect a�►d apply the proceeds,at its opdnn.eit�er ro restorsmion or rcpaiir of the Peoperty or to tt�e sums sec�ued �,�,
<br /> a by this Security Irsirument,whether or not then due.
<br /> ` '' ' ' �'�� Unless Lendcr aad Bonower oWerwisa�ree�n writfinB.anY dPPU�on of pmceeds to prtncioal shall not ext�nd�r�tpQne �'"�.;:;
<br />-_ �,.;'i the due dats of the montl�y payments referced to in paraSraPhs 1 and 2 or ct�nge dic amount of such payments. f�':�;'�:
<br /> - _. ___� .. .,_,__�u...D.➢__.._a.er,�..�..._.,•R����a..w�o WBiver. Bxtension of ltie tune for payment or modiCr�ca�ion � ._;=.
<br /> . „ ._._....i 11•DVt�V�/c� �.v��n�.�rww..��v.v.w�w+...�J..w....�'_'_ .w e v o Pcou i�niinciaiu atalUWQ 1SII$ll t -:
<br /> of aznoiti�ndon of the sums secured by this aec+�riry Tnsuumeni�►zwwd��L,,.-zd.�tc..n,..�._..�----- --_.
<br />- nat ap�rnte to velease ttfe llnbuity�f the ori�inai Sorrower ox Bonowrr's successors in interest Lender shall not be rec(uirad co �_ �
<br /> „ ' commenca pr o c e e d i n g s a g a i nst an y saccessor in interest or refi�se to eatend Hme for payment or oth�wise modif'Y an►o�t'°n of ��.�J�
<br />- � .�,:'r;�i�;;>: ', t h e s wns secured b y tb�3ecurity Instnament by reason of any demaad mude by ttie original Surrowrs or Borrower's successors r,�Y"
<br /> • � � . ' ia interest Any foibe�aru►ce by I,ender in eacercisi°g a�►y ri8ht ar rem e dy s h n 1 1 no t b e a w n i v�r o f o r p r e c l u d e t h e e x e r c i s e u f�n y
<br />.n,' right or remedy. ��.-
<br /> • 12,guccessors pnd Assigns Bflund;Joiat and Severel Uiability; Co�stgners. 'lbe covonants and �eememts of this ��
<br />_ , Security.�nsawnent shaU bind and i�enefit �he successoss and assigns of Lender and Dosrower,snb}ect m tha provLs3ons of ►�
<br /> , ' ' Pvt►gr►pYa 17. Borrower's covenants and agroementa she11 be .loint and sevet�aL Any Borrower who �-st rtad canvEC thai f f,;;,
<br /> ' insuument bat d�es�not execuce the lvote: {n) is co-signing this Scxudry Instnu►►ent only to msttgaga.�Sran Y
<br />� � Bomnwer's intcrest in the Pcoperty under the temis of this Securiry Instniment;(b)!s not personally obli�tad to pay the sums
<br /> � secured by this Ss�urity Instrumen�end(c)egi�ecs thae Lcnder and any oth�r Bomower may ngree cp exteat�,modify►farbcar or
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<br /> �-� � � . make ony accommodations with regard to the terms of th;s Securtty Iaiswment or the Note without that Boimwer's consen�
<br /> �. � 13.Lo�Char�es. If the lo�r►secured by thls Secu�rI�Y Insuument is su6ject w a lsw which sYts m�imucn loan charAes, .`
<br /> _ _T,� and that law is finsillly interpreted so thai thc intesest or other loan charges wllected or to bo collected in cunnection wi�h the laan
<br /> : _� ���e p c�m it�d 1�mits�then:(a)eny such laan charge shaU be reduced by�he amount necessary co recIvc�the charg�s to the
<br /> �.:.. pemiitted limit;and(b)anY sun�s�Iready collectcd from Borrower which eaceesled pemii c t e d 1 1 m itv w i ll b e c e f u n d e d e o B o r ro w e r.
<br /> ' �' L e nd e r ma y choosa w mnice this refund by reducing the principal owrd �nder ��Na ment w�t hout�o n y p r e p a Y m e u�t C c h a c B
<br /> - :�$ � Borcower. If a rsfund reduces principnl,thP reducdon wiil bc:ucated as a p a x�s il p P Y .
<br /> �, .... undcrthallote.
<br /> 14.NoY3c�s. Any notice ta Borrowet provided for in this Security Insunvnent shall be givr,n by delivGriag it cr by mailing it
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<br />� � by first class mail unless apPlicsble law requires usa of another method.The nodce shau be directed w l�e Propecty Address ox
<br /> -- �u�y other address Borrower desi};nates by nodce to Lender.My notice to Lender shall be given by 6rst cl3ss mui!W�der's
<br /> - ' addres� stated hcrcin or tu�y other address Lender designates by notice to Borrowec. Any notir,e provided for in this�ecurity
<br /> � ' Instnunent shall bc dccmed to have becn givan to Borrower or Lender when given as provided in th3s parn�raPh•
<br />� 1S.Govt�rning i.�wi Severa6iifty. This Security Iasuument shall be govemed by federal law and the 1aw of the
<br /> jurisdiction in whi�h the Propefty is Eocated.In the event that any provision or clausc of this Securiry Iastcument or the Note
<br /> � � canflicis with appllcablo law.sucti wnflict sha11 not af�'ect other provisions of this Securlty Instrum�nt or tha Noto wluch c�n bo
<br /> :� ` „ giveu e�:fect��ithout the Eonflicting p�nvision.To this end the prvvisions of this Securcty Insuumcnt and the Note are declared to
<br />— bo sovctubls.
<br /> ' '� FOIm 3048 9/80 •
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