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<br /> payments may no I.nnser be requ{red.at tiho option of Lender,if mortgage insurance covemgc(in the umount and far the period
<br /> that I.ender requires)pru�ideci by an insurer upprovcd by I.ender again becomes uvuiluble fu►d is obuilned. 8orro�vcr shnll pay
<br /> the premlums required to muinwin mortgage insarance in effect,or to provide n losa reservo,until the requirement for mortgage
<br /> ins�irance ends In accordance�vIth any wr�tten a�reement between Bormwer und Lender or npplicuble law.
<br /> 9.Inspection. [,ender or its asent may make reasanable enules upon and inspectiuna o€the Property. I.ender shnll�ive ,
<br /> Honower nottce at�the time of or pdar ta an inspection specifying re,asonnble caure for the insPectton.
<br /> 10.Condetttnatian.Tha•proeceds of any awurd or alnim for diun�ges.direct or conssquenttnl, in cannectfon with nny I
<br /> condemnation oT pther taking of any purt af the Property,ar for conveyunce in licu af condemnation, uro hereby ussi�ned and
<br /> shall be paid to t.endor. ,
<br />' ln the event of a totnl tulcing of the Proparty.the proceeds shull be upplied ta the sums secured by this Securiry Instcument.
<br /> whtther ar not then due.with nny excess paid to Borrawcr. In the event af u punial taicing of tlte�'ropc�rty in which the falr —
<br /> anarket vWue af the!*roperty immediutely b�fore the tnking ix equal ta ar grcatcr thun the amount of ths sums rccurcd by thiK
<br /> Scxurity Instniment immedfately befare thc taking.unlesa Barrower nnd I.ender atherwise ngree in writing.the s�ums seacurad by
<br /> this Security instrument shnll be reJuc�d by the umnunt of the proceecly multiplied by the following i'ractinn: (n) the tc�iul
<br /> ' amount af tho sums�ecurcd immcdiatcty hcfarc thc tuking.dividcd by(b) tho fuir niurkct vuluc of the Praperty imni¢diutcly
<br /> before the taking. Any b;ilnncc Khall be puid to Borrowcr. In tha ovsnt uf u partial tukin�i�f the PropcRy in which tha fair
<br /> murkct v:ilua ai'the Pre�perty imsnedintcly beforo thc tuking is les�lhun thc anount�f th�rumy hecurcG immediuYCly befare tho
<br /> taking.unless Borrawcr und l.endcr othcrwise agrcx in wrlting or unless u�plicnble luw athcrwinc pravidcs.thc procecds Fhuil
<br /> be apptiecl to thc sums sccured by th�x Securlty lr�tn�ment whe�her or rtot�he sums are then due. _
<br /> If tht�Property is ubandonai by Borcowcr.or if,t�tter noticc by l.ender to Horrower thut the condemnor offere to make un
<br /> award or settle a cluirn for dumagos. Borrower fnils to respond to L.ender within 30 dsys after the date the nodce is Biven,
<br /> Le�ufer is authodzed ta caUect and apply the procceds,at tts opiion.either to mstoration or repair uf the Pmpercy or to the sums
<br /> secured by this Securlty Tnstrument.whcther or not then due. lication of rocee�s w princtpal shall not extend or
<br /> Unless I.ender and Borrower otherwfse agree in wr�ting, uny app p
<br /> postpone the due date of the monthly payments refened to in psuagraphs 1 and 2 or chnnge the amount of such payments.
<br /> il. Borrower Not Retaxisedi Forbearance By Lender Not a Wuiver.Extension of the ttme fur puy�nent or modIflcation
<br /> of umortjzation of the sums secured by thls Securiry Instrument gr3nted by Lender to any successor in lnterest of Bflrrowcr shall
<br />. �t a�r�se ta rel�e�h�liabll�sy�f the�ri�[nal Borrowcr or Borrower's sucressors in interest.I,ender shall not be�quired to :
<br /> oommence proceedtngs ugainst any successor in lnterest or refuse to extend time for payment or otherwise modity amortizacion
<br /> of the sums secured by this Securiry Instrument by reason of any demand made by the ari�inal Bomower or Hosower's
<br /> . sucoessors in lnterest. Any furbeare��ce by [xnder in exercising any right or remedy shell not be a waiver of or precl}�de tha
<br /> exerdse of any dght or remedy.
<br /> 12. Successors and Assigus 8aund; Jaint and Severnl Liabiltty; Co-slgners. The wvenants and ugreements of this
<br /> Security Instruinent shall¢ind and benefit the successors and assigns of [.ender a�nd Borrower. subject to the pmvisIons of
<br /> paragraph 17. Barrower's wvenants and agretnients shall be Joint and severul. Any Borrower who co-s1�ns this Security
<br /> Insuvment but daes not execute the Note: (a) is casigntng this Secvrity Inst�vment onty to mortgage, grant and co a ee�t
<br /> Fiorrower's interest in the Property under the terms uf this Setudry Instrument;(b) is ciot personally obligated u►�p�y.
<br /> secured by this Security Instrument;and(c)agree.v lhat Lender and�ny otl:er Borrower may agree to e�ctead,moit�fy,forbear or
<br /> make any accommodadons with regard to the t�rms of this Security Instniment or the Note without that�ocrower's consent.
<br /> 13. Loan Charges.If the loan secureci by this Security Insuument is subjett to s law which sets maximum loan charges,
<br /> and that tuw !s finally interpreted so that the interest or other loan chnrges collected or to be collected in connecrion with the
<br /> !oan exceat the permitted limtts.then: (a)any such lo�a charga shall be roduoed by the r.rnount rtecessary to tecluce the charge
<br /> W the pexmittad limit;and (b)any sums already colteGod from Horrower which exceeded permitted limits wai�9 he refunded to
<br /> Borrower. I.ender rrtay ch�ose to make this refund by reducing the p�lncipa! owed under the Note or by making a direct
<br /> payment to Borrower. If a retimd reducea pdncipa�, the reduction wiil be treated as a partial prepayment without any
<br /> prepaymert churge under the Note.
<br /> 14.Nottces.Any notice ta Borrower provided for in this Security Instrument shall be given by delivering it or byA��g
<br /> . it by first class mail unless applicAble law requjres use of another method. '19�e notice shall be dlreceed ta tAe Pmperty
<br /> or any other eddress Borcower designutes by notice to L.ender. Any n�ttce to Lender ahaii be givcn by flrst class mait to
<br /> Lender's addr�ess stated hereln or uny other address L.ender designutes by nottcc to Borrower. Any notice pmvtded for in this
<br /> Securiry Instrument shall be deemed to hsve been given to Borrower or Lender when given as provided in this para$rnph.
<br /> IS.Govcrning i.aw; Severabil[ty. This Secudty Instrument shalt be govemed by federal law and the taw of the
<br /> jucisdietion in which the Property is located. In the avent that nny provision or clauso of this Seeudty Instrument or the Note
<br /> oonfltcts with applicubie law,such conflEdt shall not affect other provisions of this Security instrument or the Note which can be
<br /> givan effect without the conflictjng provistan.To this end the provisions of this Security instrumarrt and the Note are declared
<br /> to be severable.
<br /> 16.Borrower's Capy.Borrower shall be giveii une conformod copy of the Nose and of this Security Instrumant.
<br /> Form 8028 9/80
<br /> � PppO 4 ot 6
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