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<br /> _ payn�ents may na longcr bc required,nt thc aption of Lcnder,if mongage insurauc�r.aven�e(in the nmo�ut and for tl�c period
<br />,_�;a,;,:;;.;�� thnt Lcnder rcqulres)provtded by nn insarcr approvc�l by LcnAer again becomes nvnilnble and is obtnined. I3arrower sh�ll pay _
<br />- _- thc prcmiums rcyuirwl w mnintuin mortgogc insu►u��cc in cffcct,or to ptavi�c a loss rescrve,until the reqi�i►•ement for mort�age ,
<br /> insuruncc encls in ucecrd�nce with nny written agreemcnt bctwcen Borro�ver and Lcnder or upplic.lbie lnw. _
<br /> -=�� 4. Ins�tlen. Lcndev ar its nscnt may make rcasonable entries upon nnd inspcctians of tha Property. I.ender shalt give
<br /> __� Borruwer notice l�t Ihe tim�af or pri��r to nn inspectiun specifying reasonablc cause for the inspectiun.
<br /> ____ 10. Ccuidemnuttan, The proceeds of any award or claim for dama5es, direct or consequential. in connectian wiih nny
<br /> -�q11e;�� condemnuti�n or othcr taking of any part of the Property,or for convey�nce in lieu of zondemnation, are hercby assigncxl and �
<br /> -- ----�— shail bc paid ta�.cndcr.
<br />__,o�;�� In the event of a total taking of the Property,the proceeds shall be applicd to the sums secured by this Securiry lnstntment,
<br /> �_��� whether ar not then due,with any exccss paid to Borrawer. In thz evc;nt of u pariial taking of the Properry in which E�e t:�ix
<br /> •-=-�m�R=� market valuc of the Property immediately before the taking is equal ta or gre�ter than the amount of the sums sccurad ��•�::�is
<br /> =��� Security Instrument immcdiately before the tuking, unless Bonawer und I.ender othenvise agrec in writing,the sums secured+b}�'
<br /> --- this Security Instrument shall be reduced by th� amount of the proceecls multiplied by the following fraction: (a)the total � .
<br /> --- amaunt of the sums sccured immediatcly before the tukin�, divided by (�i)thc fair markct value of thc Property imn�ediateiy
<br />__�;��;.��� before thc taking. Any balance shall be paid to Horrower. In the event of a partial taking of the�roperiy in whicD uie fair
<br /> --- market value of the Property immediately bcfore the taking is less than the nmount of the sums secu�ed immediately Geft�re.t�i���
<br />':'_f���`� taking, unless Borrower and Lender othenvise a�ree in writing or unless applicablc;law othcnvise provides, the procr.,eds shs��
<br /> .___�'� be npp li c d to t he r�ums secur e d by t his Securi ry Ins trum�n t a h e d i e r o r n o t t h e s u m s a r e t h e n d u e. --
<br /> --� � TC N��O.,.n...�.. :.-..A�n.lnnwl h�.{�n��naarnr nr i� a�Flnr nntira h�t pn���r.,w,n�wcr thnt the umdemnor oflers to cttnlc�•an __
<br /> }`�"�AS�"'�`� awurd or scttle a claim for damnges, Borrower fails to respond to Lendc�within 3Q days aftcr the date the nutice is givEn.
<br />=-?�-� L.ender is nuthorized to collcct und apply thc proceeds,at its option, either ta restoration or repair of thc Property or to the su�tla
<br />�;:;�,��r��.,' secured by this Security Inserument,whether ur not then due. � _.
<br />- a,: Unless Lender and Borrower �therwise agrec in writing, any applicati�n of procceds to principnl shali not extend or
<br /> -��R.�Y �_.
<br /> :�=�_� postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chunge the amount of such pAyments. ___
<br />".?:';9. . IA.Borro�ver Not RcicASed;Torbet�runce By Lender Not a Wuiver.Extension of thc timc for payment or mafification ,
<br /> ;;F� a�G of amorti�ation of the sums secured by this secunty Instrument granted by Lender co any susceavor in intcrc�t u;8�iiuwci sficu�
<br /> .,�,,,.,;Fa��� not operate to rclease thc liability of the original Borro�ver or Horrower's successors in intaest. L.ender shall not be required tn�-
<br /> �� ;:� ,. cnntmcnce proc�edings aguinst any successor in interest ar refuse to extend time for payment or utl�erwise modify umostization
<br /> � ` '�' of the sums secured by this Security instrument by reuson of any demand mnde by thc origina! Dorrower or Borrower's
<br /> `';'n,':!��Q�'• success�n in interest. Any forbea��tnce by Lender in exercising any right or remedy shall not be u waiver ot'or preclude the
<br /> '='`� 'S�'`�� exercise of an ri ht or rcmed
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<br /> '� L�•�- l2. Successnrs und Assigns I3ound; Joint nncl Severnl Llubility; Co-slgners. Thc covenants and :i,rcemenGS of this
<br />;fu���. Security Instrument shall bind and benefit the successors an� assigns of l.ender and HoROw�r, subject to the provisions of
<br /> --"°�� parngraph l7. Borrower's covenants and asreements shall be joint and sevcral. Any Borco�ver who co-signs this Security
<br />_r;::<;.-,�k��
<br /> • Instrument but does not execute the Note: (a) is co-signing tl�is Security Instrument only to mortgage, �rant and convey that
<br /> .. :�"�`�'�� � Bonower's interest in thc Propeny under the terms of this Security Instrum:nt;(b)is►iot personally obligated to pay the sums
<br /> . .,: , .
<br /> .' �'`�"�' sccured b thiy Securit Instrument;and(c)u rees that Lendcr�nd an other Borrower ma 1 ree to extend, modif forbeur or
<br /> :c�"ivaa.k� Y Y � Y Y�B Y•
<br />, -,�:.�;L4�� make uny accommodations with regard to the terms of this Securiry Instrument or the Note�vithout that Borrower's consent.
<br /> �_�y-Xi�t�, , 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law wnich sets maximum laan charges.
<br />':;:�r1�r und that law is Cnally interpreted so thut the interest or other loan charges collected or to be coqecteci in connection with the ---
<br />`�.;�€c:+?c loan excee� the permitte.�i limits, then: (n) any such lonn charge shall be reduced by the amount necessary to reclucc die ch�rge
<br /> " to thc pem�incd limir, and (b)any sunu already collected from Borrower which cxccedcd permitted limits will bc refundzd tu _
<br /> Borrower. L.ender may choose to muke this refund by reducing the principal owed undcr the Notc or by mxking a direM ��•�
<br /> �::�
<br /> � ? pavment to Borrower. If a refund reduccs principal, thc reduction will be trc;ited as a partial prepayment withuut any ���,,°
<br /> �� • prepaymcnt charge under thc Note. -;:=
<br /> 14.Notices.Any notice to Borrower pruvided for in this Security Instrument shnll be given by dclivering it or by mailin� ":'
<br /> .••�`.•.••'°� it by first class mail unless applicnblc law requires use of another methoJ. The notice.hall be directed to the Propeny Address
<br />`-=~�': � ."�'�'3 or any other address Borrower designates by noticr to Lender. Any notice to [.ender shall be given by first class mail to
<br /> �� .M1� Lc:nder's address stated herein or any other address L.ender designates by notice to Bottower. Any nutice pravidui•for in this '`
<br /> : . ' Security Instrument shall be deemul to huvc:been givcn ro Borrower or Lendcr�vhen given as pravidai in this puragr;�ph. `
<br /> ', ; ';:� 15.Governing Li�w; Sever.tbility. 'I'liis Sccurity Instniment shall be governui by federal law and the law of the `
<br /> ; ,� jurisdictiun in which thc Property is luc:�ted. in the event that any provision or clause��f this Security Instrument or th�Nute
<br /> • conFlicts�vith uppliraNle law, such cunFlict shall not affect other provisions of this Security Instn►ment or the Note which ran he
<br /> � •- �` eiven effect �vithout the conflicting provision. To this end the provisions of this Security Instrument and the Note are declarcd
<br /> ' `"� to bc sevcrablc.
<br /> � �r 1G.D�rrcnver's Copy.9ormwcr shall be given onc conformed ropy of thc Notc und of this Security Instrum�nt.
<br /> ' � • Form 3028 9I80
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