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<br /> payments�nay uo la��ger be eequireci,at the apt'son nf�.ettd�j•,if nioitgage i�suranr.e c�vcrabe(in Qte amnun!ar�l for the prrtuc! y
<br /> that l.ender requires)pro��ided by an insilrer upprnveJ by Gender xgain becnmes nvoilabl�ancf i�obtnir►al. Flnrruvrer nhnll pay
<br /> the preniiwns require.cl to maintain mortga�e insuranGC In effcct,or to pravide a loss re�erv�,�ntil tl�c rcquirement Por rxx►rtgegt
<br /> insurunce e�xls in accar+iat�t with eny written agrameni between BorrowEr anat L.erxler ar upplicabte law. '
<br /> 4.I:�s�.tlon. Lcnder or its ngent may makc rensonable entries upon and inspectiot�s of the Propcny. l.cnder shalt give _
<br /> Borrower notics nt tl�e time of or prlor to an insp�ction specifying reasonable cause iur ii�e+n���ec[iu;�.
<br /> 11).ICondemnallun. '�he procecds of any awurd or elnim for dnmages, direct or consequential, in connretlon wdtli any
<br /> condcmnatian or uther taking nf nny pan of thc Propecty, ar for conveyanca in lieu of conclemEiation, a►c licreby assignCd a»d
<br /> shaU b$p�id ro[�n�ter. _
<br /> in die evcnt of a total taking of the Property,Qie procceds shall bc�pplied to the sums sccured by ti�i,Su;�uiy I;�st�a��i��ic, --
<br /> whether or not then due, with any excess paid to Borrower. In ti�e evcnt of n partia! tuking of tlie Propeity �n which thc fair
<br /> market value o€the Pn�peRy immediately beforr the taking is equal to or grc,atsr tl�an the zm�uuu'c uf the sums secur:,d by this - -
<br /> Security Instrument Imimediatel�befor�the taking,unless Horrower sind I.ender otherwise agree in wrixing, the sums secured by
<br /> this Security [nstrument shall be rulueed by the �unount of the praceeds multiplied by the following fraction: (A) th� tota!
<br /> antount of-the sums sccured immc�li�tely before the taking,divided by (b) the fair market valuc of th�Property immediately
<br /> befote the taking. Any balance shAll b�Raid ta Borrower. In the event of a gartial taking a'F the Property in which the fafr
<br /> market �aluc of the Property immcdiately before thc taking is less than the amount of thc sums secured immedintely l�efure tlie
<br /> • ttticin$. unless Rorrower and Lender athenvise a�eree in wtiting ar unless applicable law othenvisc provides, the procecds sh�ll —
<br /> be applied eo the sums sr,�:urcd by this Sccuriry[astniment�vhether or not the sums ate then due.
<br /> lf ttie ?r�,;.�:y i�aban�oned by&anotyer,or if,ufter notice by I_eac�er m Rnrr����r that th::c�ndenmor offers to make un �
<br /> a;�a:� �r s;.ttic s clYim for 4rm�oes, A^ri�wer feilc tU irsp�nd r�i�nder within 30 days after the date the nutice is f:iven, ___
<br /> I.ender is authQrized to coilect and npply the proceecis,at its option,either to restoration or rcpair of the Property or to the sums �_
<br /> sccured by this Securit}r;lnstrument,whether or nat then due. -
<br /> Uniess Lender and Barrower othenvise agree in writing. any application of proceeds to prinr,ipal shall not extend or
<br /> po�tpone the due dnte of the monthly payments refe�rcd to in paragraphs 1 nnd 2 ur ch<mge the nmount of such payments.
<br /> 11.Borrower Not Releaseci;Farbeuronce By Lender Not a Wuiver. Extension ot thc tunr for paymcn[or nwuiucatiuu ==-
<br /> of amorti•ration of the sums secured by this Security Instrument grantecl by L.e,ider to any successor in interest of Borrower shall
<br /> not operate to reiease the]iability of the originnl Borrower or Borrawer's successors in interest. Lender shall not be required to
<br /> commence proceedines a.ainst as�y successor in interest or refuse to extend time for payment ur othenvise modify amortization
<br /> of the sums secured by this Securiry instrument by reason of :my demand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lendcr in exercising uny right or remedy shaU not be a waiver of or prec:lude the
<br /> exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound; Joint und Severul Liability; Casi�ners. Thc covcnants and agreements of this
<br /> Security instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of �
<br /> paragsaph 17. Bonower's cove�ants and agreements shall be jui�t and several. Any Ha•rawer �vho co-si�ns this Securiry �+
<br /> Instrument but does not execute the Note: (u) is co-signins this Security Instrument only to mortgege,grant and convey that -
<br /> Bonowcr's interest in thc Property under die terms of this Security Instrument; (b)is not personally obligated to pay the sums ____
<br /> securcd by this Sccurity Instrument;And(c)agrees that Lender and uny othcr Borro�ver may agrec to extend,modify, forbear or ;.--._
<br /> make�ny accommoclations with regard to the terms of this Securiry Instrument or the Note without that Borro�ver's consent. _-=
<br /> 13,Loun Chorges. If the loan secured by this 5ecurity Instrument is subject to a law which"sets maximum loan charges, __-_
<br /> und that law is final:y interpreted xo that the interest or other laan charges collected ar ta be collectu! in connection �vith the ---
<br /> loan exceed the permitted limits, then: (a) any tiuch loan charge sha:l be reduceci by the amount necessary to reduce the charge "�"`�"
<br /> to the permitted limit;and(b)uny sums alraady collected from Borrower which exceeded permitted limits will be refunded to �"�"`
<br /> IIorrower. Lcnder may choose to makc this rcfund by ruiucing the principal owed under the Note ar by making a direct =-
<br /> payment to Borrower. if a refund reduces principal, the reduction will be treated us a partial prepaymenc without any �
<br /> prcpaymcnt charge under the Note. ���_
<br /> 14.Notlets. Any notice to Borrorver provided for in this Security instrumeitit shall be given by delivering it or by mailing ����.^
<br /> it by fint clnss mail unless applicablc law requires use of another method. The notice shall be directed to the Property Address ��`�-��?�`
<br />_ or any other address Borrower dcsignatcs by notice to Lender. Any noticc to Lcnder shall be given by first class mail to
<br />- L,ender's address stated hercin or any other address Lcndcr desisnatcs by notice to Bormwer. Any noticc providccl f�r in this "' '
<br /> Security Instrumcnt shall be deemed to have becn givcn to Horrower or Lcndcr when givcn as providal in this paragraph. `
<br /> IS.Govcrning I.aw; Severability. This Security Instrument shall bc govcrncd by federal la�v anJ the law of tlie ,,.
<br />_ jurisdiction in which the Property is located. In the event that any provision or clause ot'this Security Instrumcnt or thc Note
<br />- canflicts with applicable law, such conflict shall not affcct other provisions of this Security Instrument or the Nute which can Ne
<br /> given effect without the conflicting provision. To this end the pmvisions of this Security [nstrument and the P�ote are declared
<br /> to be sevcrable.
<br /> 16.liorro�ser's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 9/80
<br /> Pr.fla 4 of 0
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