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<br /> payrncnts may na longer bc required.ut the opttan of Lender. if mortgage insurnnce coverage(in the cunount and for the period
<br /> tlut Lendcr requires)provided by un insurer apptaved by Lender agutn becomcw ttvuilable ured ie abtained.l3orrAwer shall pay
<br /> tho pmmiums required to mnintnin mortgoge insurance in effect,ar to provide a loss reserve.until the requimment for martgage
<br /> insurnnce ends in uccords►nce�vith uny written esrcement betwcen Borrower nnd Lender or appilcable law.
<br /> 9. Iflspectton. Lend�r ar its ngent may make reasonable entdes upon and inspections of the Property. Lender shall give
<br /> Borrowet natice ut the time of or prior to an inspection specifying reasorwble cause for the inspection.
<br /> 10. Cnndemnadon. The proceeds of any award or claim far damages. dlrect or cancequenNal,in connecuoa with nny
<br /> cortdemnatfon ar other taking af any part of the Property.or for conveyance in lieu of condemnatton.are het+eby nssigned and
<br /> ahal l be paid to Ixnder.
<br /> In the event of u total taking af the Property.the procads shalf be applied to the sums secured by thjs Security Instrument,
<br /> whether or not then due. with any excess grsid to Horrower. In tho event of a partial taking of the Property in which the fair -
<br /> merket value of the Property immediataly befare the taking is�equel to or greater than the amount of the sums secured by thts
<br /> Security Instrument immediately before the takin�,unless Borrower and I.ender otherwise ngree In wrlting.the sum9 secured by
<br /> this Secur�ry Instrument shall be reduced by the amaunt of the pracrxds muldplied by the followiag fractIon: (a) the tota!
<br /> wuount of the sun�a sccured immediately before the taking, divided by(b)the fe�r market value of the Properry immediately
<br /> befom the takIng. Any balance shali be paid to Borrower. In the event of a prutial talcing uf the Property in whlGh die fair _
<br /> murket value of the Property imme�iately 6efare the taking is less than the amount of the swns serured imznediately before thc
<br /> taking,unless eorrower aad L.ender otherwiae agree in writIng or unless applicable law otherwise provldes,the pru�cls shal!
<br /> be applIc�i to the Rurr�s secured by this Security Instn�ment whether or not thc sums are then duc.
<br /> If the Property is abandonad by Homower.or if.aRer nodce by Lender to Borrower that the condemnor offers to,meke an
<br /> award or settle a claim for damages. Borrower fails to respund to I.�nder within 3U days after the date the notice is given,
<br /> Lender is authorized tu coilect and apply the praceeds,at its option,eithar to restoration or repair of thc Property ar to the sums
<br /> securod by this Securfty Instrument,whether or not then due.
<br /> Unless Lender and Borruwer otherwis�a�rec in writ�ng, any applicution of proceeds to pdncipal shall not extend or
<br /> postpone the dua date of the monthly payments referred to in paragraphs 1 and 2 or change the umount of such payments.
<br /> 11.liorrower Not Releaxed;Forbearance By Lender Not a Waiver.Extension of the dme for payment or nwdiftcatlon
<br /> of amorti.ncion of the sums secured by th9s SecurIty instrument ttrartted by I.ender to any sua:essor ia intemst af Botrower shall
<br /> not operate to release the 1[ability of the origina(Borroweror Borrower's successors in interest. Lender ehall not be required to
<br /> wmmance procerdings ag�inst any successar ln irtterest or refusa to extend time for payment or utharwlse modify amortization
<br /> . of the sums secured by this Secudty Insuument by reasoa of any demand made by the or��inF►I Naaower or Borrower's
<br /> succ.cssors!n Interest. Any forbearance by I.ender in exercisin�eny dght or remedy shall not be a waiver of or preclude the
<br /> exenise of any r�ght or remedy.
<br /> 12. Sacxessors end Asstgns Bound; Jofnt and Several LiabfUty; Co-stgneets. The covenants nnd agreements of ihis
<br /> Serurity Insuument shall bind und benefit thc successors and assigns of Lender and Borrower. subJect w the provisions of
<br /> paragraph 17. Borrower's cavenants and agreemente shdl t�e jolnt and seve�al. Any Botro�ver who oo-slbma thIs Secu�ty
<br /> Instiument but does not execute the Note: (n) is co-signing this Secudty Instrument only to mortgage, �rant and convciy that
<br /> Borrower's interest in the Proparty under the terms of this Security Instrument;(b)is nat personelly obligateci to pay the swns
<br /> soeured by thIs Secudty Instrument;and(c)agrees that Lender and uny other Borrower may agree to extend,modify,forbear or
<br /> malce any aocommodations with regtud to tho terms of this Securlry Inottument az the Note withaut that Bornower's wnsent.
<br /> 13.Lnan Chxrges.If the lonn secured by this Securir,�Instrument is subject ta a law whlch sets maximum loan charges,
<br /> � end that law is tinally inteipreted so thnt the interest or other loan charges collected or tu be cailected in connactlon wlth the
<br /> loan exceed the permitted limits.then: (a)nny snch loun charge shutl be reduced by the amount ncxessary to reduce the charge
<br /> w thc Qermitted limit;and(b)any sums�Iready wllected from Borrower which exce�ded permitted limits wjll be refunde�w
<br /> Borrower. I.endor may choosa co matce this refund by reducing the principal owed uader the Note ar by ms►king a direci
<br /> payment to Bonawer. If a refund reduces principal. the reducrion will be t�ttal as a partial prepayment wlthout any
<br /> prepayment chorge under the Note.
<br /> 14.Notices.Any notice to Rorrower provided for in this Security lnstwnent shell be given by delivering it or by molling
<br /> it by first class mait unless appticabte luw requires use of another method.The notice shal!be dinected to the Property Address
<br /> or any other address Borrower desi�nates by nouce to I.ender. Any r.otice to I.ender shall be glven by first cIass mail to
<br /> Lender's address stated herein or uay other uddress [.ender designriites by notice to Borcower. Any notice pinvIded for in this
<br /> Security Instrument shali be deemed to have been gtven to Borrower or Lender when given u4 provided in this paragruph.
<br /> iS.Go�erning Law; Severab111ty. Thia Security Instrument shull be goveme� by federal law and the law of the
<br /> jurisdiction in which the Property is locased.In the event that any proviston or clause of this Securlty Insuument or the Note
<br /> conflicts with npplicable law,such conflIct stiall not affect other pmvisions of thia Security Instrument or tha Note which can be
<br /> given effect without the conflicting provisiun.To this end the pmvisions of this Security Instrument and the Note are declared
<br /> to be severuble.
<br /> 16.Bormwer's Copy.Borrower shall be given one wnfornxcl copy of the Note and nf this Security Instrument.
<br /> Form 3028 8/80
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