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<br /> 95_ 104681
<br /> pAymenta niay no langer be required,at the option af Lender.if mnAguge insurnnce covemge(in the nmaunt and for the period
<br /> that I.ender requires)pravlded by un lnsurer sppmvod by Lender aguin becomes nvuil�ble and ts obtnined.Sorrower shup puy
<br /> tha premiums required to majnwin mortgage insurance in effect.or to provide a laag resecve.until the cequirement for mortgugo
<br /> insurance ends in accordance with any written agreement between Bonawer nnd Lender ar applicable Inw. r
<br /> 9. Ias�ection. Lender or its�gent may make teasonable entrt�upan und inspecdons of the Pruperty. i.ender s�aU�ive
<br /> �arrower notice at the dme of or prior to an inspectian gpe�ifying ra+sonuble cuuse for the inspection.
<br /> 10. Conde�nnatton.The pmceeds of+u�y award or claim for dsunages. diroct or consequential. in cunrtectian with any
<br /> condemnudon or other taking of any part of the Property.or far canveyance in Neu of wndemnution,are hereby s�slgned and
<br /> shall be pald to Lender.
<br /> In the event of a total taking of the PropeRy,the proceeds shall be applied to the sums securcd by this Securlty Instniment.
<br /> whether or not then due. with aay excess pald to Borrower. In the event of a panial taking of the Property in which the fair
<br /> mnrket vAlue of the Property iaunediatety before the taking is equal to or Sreater than the amaunt of tho sums securod by this
<br /> 3ecurtty Instn►ment immedtately before the teking,unless Borrower a�id l.ender otherwise agrce in writins.the sums stcured by
<br /> this Securiry Instrument shall be reduced by the amount of the proceeds multiplied by the following fracti�n: ia��t�tal
<br /> amount of the sums secwed immodiately before the teking, divided by(b)the fa�x market vulue of the PropeRy
<br /> before the taking. Any balatece shall be paid to Borrower. In the event of a partial Wking of the Properry In which the fair
<br /> mnrket vatue of t��e Propercy immediatcly bcfore the taking�S less than the t�� law o erwisa�ides.hiete1roc�cis sh l
<br /> taking.unless Borrower and Lender otherwlse agreE in writing or unless++pp P P
<br /> be applied to the sums secured by this Securiry Inatrument whether or not the sums are then due.
<br /> If the Property is abandoned by Bornower.ar if,afte�notice by Lender to Borrower that the condemnor offers to make an
<br /> award or setde a claim for damages.Horrower fails to respond to Lender withln 30 days aRer the date the noor o the sVUms
<br /> Lender ia authorized to callect and apply the proceeds.at its optlon.etther to restoration or npalr of thc Property
<br /> secuced by thfa Securiry Instrument.whether or not then due.
<br /> Unless L.ender end Bormwer otherwise agree in writing. any application of proaeeds to principal ahall not ex[end or
<br /> postpon�a the due date of the monthly payrrtents c�eferred to in paragruphs 1 und 2 or change the amount of such payments.
<br /> 11.Borrower Not Reteased;Forbearance By Lender Not a Wuiver.Extension of the time for payment or rrtodificatlon
<br /> of amoruwtioq oP the sums secured by this Security Instrument granted by I.ender to any suxessor in Interest of}locrower shall
<br /> noi v�rata to r�te�as�tlic 11ability af tlse origina!BonowQr�r 1�c+*n►aer's successors in iaterest. Lender shall not bo requfrod to
<br /> commenee proceedings against any successor in interest or refuse to extend tima for payment or otherwise modify umorti7atfon
<br /> of the suras secured by this Security lnstrument by reason of nny demund made by the original Borrower or Borrower's
<br /> successors in interest.Any forbearance by I.ender in eaerciafng any right or mmedy shall not be a waiver of or preclude tAe
<br /> exercise of any ri$ht or remedy.
<br /> 12.Suocessors and Ass➢gns Buund;3oint and Several LiablUty; Co-sigaers.Tha covenanu and agreements of this
<br /> Security Insaument shali bind and benefit the successors and assigns of Lender and Horrower, subject to the provislons of
<br /> paragmph 17. Borrower's covenants and agreements shall'qe jolnt and several. Any Borrower who co-signs this Secudty
<br /> Iustcumsnt but does not execute the Note: (a) is co-signing this Security.Insmiment only to mortgage. gctu►t and oonveSr thut
<br /> Borrower's interest in che Property under t�e terms of this Secudry Insuucuent:(b) is not personally obligated to pay the sums
<br /> secu�rd by this Secudty Instntment;and(c)agrePS that I.ender and any other Borrower roay agree to extend.modify.forbear or
<br /> make any acoommodadons wtth re�ard to thc terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.Loan Cbarges.If the tonn secured by th�s Secudty Inswment is subject to a law which sets mnximum loan charges,
<br /> and that law is fiituilly interpreced so that the interest or other loan charges rnllected or to be rnll� in connectlon with the
<br /> loan exceed the permitted ltmtts. then: (a)any such loan charge shall be reduced by d�e amount necessary to reduce the chatge
<br /> to the permitt�d limit; and(b)any sums already collected from Borrower which exc�ded permiued(imits wi11 be refunded to
<br /> Borrower. Lender muy chuose to make thla refund by reducing the principal owed under the Note �r by maldng a ditect
<br /> payn�eni to B�rrower. If a refoud reduces pr�rtcipal, the reduction witl He tmatcd as a partlal prepayment w[thout any
<br /> prepayment charge under the Note.
<br /> 14.lVottces.Any notice to Borrower provided for in thjs Secudty lnsuucrtent shali bcs given by delivedng it or by mailing
<br /> ' it by firat ciass mait m�l�s applicabie iaw reyuii�ur�uf wtother methad.Tha notice sha31 bc dim.ctcd to the PropeRy Addrese
<br /> or any other address Born.�+er designutes by notice to I.ender. Any notice to i.ender shall be glven by first class mail to
<br /> Lender's address stated herein or any other address Lender designates by notioe to Borcower. Any notice provilied for In th�s
<br /> Secudty Instrumeni ahall be deemed to have been given to Borrower or I.onder when�given as pmvided in thfs puregraph.
<br /> IS.Governing I.aw; Severability. This Securtry Instcument shell be governed by federtt] law and the law of the
<br /> jurisdictIon i� which the Properry ia located. in the event thut any pmvision or clsuse of this Security Insirument or the Note
<br /> conflicts with a�pltcable law,tsuch conflict ehall not uffect other pmvisions of this Secudty Insmiment or the Note whlch can be
<br /> given effect without the mnflicting prov[sion.To this end the provistons of this Secudty Insuument and the Note are daelared
<br /> , to be severable.
<br /> 16.BorrOwer's Copy.Borrower shall be given one conformed rnpy of the Note and of this Securiiy tnstrument.
<br /> Fprm 3028 9/80
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