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<br /> a ments mo no lon er be rc ulred�at thc o tian af Lender,if mort u e�nsurance cavcrn e(i��moujund foi th�e�' riod
<br /> P Y Y 8 �l S� B 8 8 P�
<br /> thnt Lender requires)provided by nn insurer upproved by [.ender a�afn becames available and in obt�ined.Borrower sh�ll pay
<br /> the pPemi�an�.g rcquirai to maintain mortguge insurnnre in effect.or to provide�a tass rc�erv�,unt{1 tha��uire��terii fur nwriguga �
<br /> insumnce ends in aceordance whh uny w:itten agreement betwcen Horrawer und Lender or upplicuble law.
<br /> 9.Inspectlon.L.ender nr 1t:s agent mny mnke reason�ble ent�ies upon und inspections of the Property. I.ender shnll g(vo
<br /> Borrdwer notice at the timc oF or prlar ta an inspection specitying reusanuble cuusc for tha inspcction.
<br /> 10. Condrmnation. The procexds of uny awurd ar claim for damAges,direct ar consequentist. in connection with any
<br /> condemnnsfan or other talcing of any part of the Praperty, or for rnnveyance in lien of condemnatien,are hereby assigned and ,_
<br /> shnil ba paid ta l.ender.
<br /> In tha event of a towl takin�G of tho Property,the procecds shall be appiial to the suma secured by this Securlty Inst�ument,
<br /> whether or not then due. with nny excess paid to Bonower. IR tho event of a partial taking of the Properry fn which the fnir
<br /> murket•►ulue of the Property immaitately beforc the takin�is equul to or greater than thc emount of the sums secured by this
<br /> Securlry Instrument immediately before the takjng,unless Borrower and Lender otherwise ugrec in writing.the sums secured by
<br /> this Secu�3ty Instsument shall be reduc�d by the emount of the proceeds mul►ip13eA by the foilowing fmction: (a) the totai
<br /> Antount nf the sums secured in�medfately before the taktn�.divided by (b)the fair matket value of the Property immediately
<br /> before the tnkin�. Any b�lance shall be paid to Borrower. In the event of a partial taking of the Property in whtch the fair
<br /> market value of thcs Property Immediataly before the taking ie less than the amount of the sums secured lmmediately before the
<br /> taking,unless Barrower and Lender otherwise ngre,e in writing or unless app!{cable law othenvise provides,the proceeds shaU
<br /> be applled to the sums secured by this Security Instrument whether ar not tho sums are then due.
<br /> If the!'roperty Is abandoned by Borrower.or if,after notice by I.ender to Borrower that the condemnor offers to make an
<br /> award or settte a cteim for damuges. Bonower fuits to respond to Lender within 30 days aRer the date the nuttc;e i�givet�� -
<br /> Lender is authorized to collact and apply the proceeds,at its option,eit8�er to restoratiun or repaic c�f tha Property or to the sunns
<br /> suured b}th3.�:Secur�ty[nstrument.whether ar aot then dus,
<br /> � [1n{�sx �.ender and �r�ower otherwise ag� ln �vriting, tuty Application uf proc�eds ta p�ldcipal �hull not extead;ar �_
<br /> pastpane the due date of th$sr�onthly payments nfeited to��patagr&pl�s 1 aad 2 or ohange the amou�t of sucb�}�ayments: --
<br /> Il.Barro�ve�Not R�rnnsed;Forbeuraace By I.ender Nat a.�'alver.Sxtensian af tbe time �'or payment ar modiRc�tian �` :�
<br /> � of ilmortizutian of ths suma secured by this Seeu�ity Insuument grunted by L.ender ta any successor�In interest of Bor:rower s��ll —
<br /> not operate to relea.ce the liabiiity of the original Borrower or Borrower's euceessors ln interest. Lender shall not be required W =
<br /> commence proceedG�gs ageinst any successor in interest or refl►se ta extend tirae for payment or otherwise modify amortizntton
<br /> of the sums secured by this Security Instn�ment bx rcason of any demaad made by the original Barrower or Hortower's
<br /> suco�sors In interest. Any forbearanoa by L.ender In exercisin�any right or remedy shail not be a watver of or preclude the
<br /> exercise of any right or remedy. °
<br /> IZ. Suet�.ssors and AsslgaA Isound;doint and Several Liab9llty; Co-signers. The coven�ants artd ag�eements of this
<br /> Security lnstrument shull bind and benefit the successora tu�d assigna of Lender sind Aorrower. subJect to the provislons of
<br /> paragraph t7. Bornnwer'x covenantR nnd agrcemcnt� shnll be joint und several. Any Borrower who co-signs this Secudty
<br /> lnstrument but dues nut execute the Note: (u) is co•signing thia Securlty Instrument anty to mortgr,ge, grant nnd convey thnt
<br /> Borrower'R intcrest in the Prnperty u��der the terms of this Security Instrunxnt: (b)is nai penconully abligatad to puy the sums
<br /> securod by this Securlty Instrument;and(c1 ngrces that Lender tsnd uny whcr Borrower muy ttgrcc to extend.modify.forbear or
<br /> make m�y uccomrttadations with regurd to the tern�s of this Secue�ity Instcument ar thc Note withos�t tt�at Borrower'a consent.
<br /> 13. Loan Clwrqes.If the loun secured by this Security InstNment is subject to a Inw wNich sets maxlmum loun cbacges.
<br /> and that law ia finaUy inteipreted r�that the interest or other laun charges coltected or to be collected in aannectlon with the
<br /> toan cxcecd the pennitted Iimit�. thon:(a)any such loun cl9urge Fhnit be reduc�d by the umount neoessary to�uce the chargc
<br /> to the permitted limit;And(b)any aums alreudy coliccted from Bornower which exceeded permitted ILmits will be refunded to
<br /> Borrower. L.ender may choose to make this refund by reducjng the principul owed under the Note ur by mnkIng a direct
<br /> payment w Borrower. If e refund rcduces principal. the rcduotion wip be treated as a partial prepayment without ttny
<br /> pr�epayment charge under the Note.
<br /> 14.Notices.Any notice to Horrower pmvided fnr tn thls Secudty Insuument sh�tl be given by defivedng it or by mailing
<br /> it by flrst class mail unless applicable law requires use of artother method. The noHce shall be directod to the Pmperty Address
<br /> or uny other uddress Borrower destgnutes by notice to I.cnder. Any noticc to Lender shull be given by firxt class mai! w
<br /> Lender's address stated herefn or any other uddress Lender designates by notice to Hormwer.Any notioe provided for in this
<br /> Securlty Instrument shail be deemed tn have been g�tven to Borrower or Lznder when given as provided�n thie paragraph.
<br /> 1S.Gove�ing Law; Severnbltity. This Security Instrument sh�ll be governed by federal Iaw and the law of the
<br /> jurisdiction in whfich the Property is located. In the event thut any provisian or clnuse of this Secudty Instrument or the Note
<br /> c�nflicts with applicable law.such conflict shal2 not affect ather provisjons of this Secucity Instrument or the iJote which can be �
<br /> given effect without the contitcting provision. To this end the provjsfons of this Securiry Instrumeat and the Note are declared
<br /> w be severable.
<br /> 16.Barrower's Copy.Bornower Fha1l be�Iven one cnnformed copy of the Note and of thle Secudry Iqstrument.
<br /> Form 3028 8/80
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