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<br /> paymentR mny nn longer bc requjmd.ut thc uptiun oP l.cnder.if mortguge insumrtce cavcrag�(in thc umount and for the period
<br /> thnt i.cnder requfres)prov►ded by un lnsurer approved by l.cndcr uguin become�uvuiluble und iK abtainad.Barrower Fhnll pay
<br /> the premiums rcquired to muintain ma�tguge insuatncc in effect.or to prnvjde u la�ss ceserve.until the requirement for mortgage
<br /> i�sumr►ce en,is in accord�rtce with any writte�nsree�nent 6etween Born�wer nnd l.eitder ur applicnblc law.
<br /> 9.itrspectlon.Lendcr ar itx ugent muy make�eusonable entries upon and inspectiuns af the Property. Ixnder shall give -
<br /> Borrower natica at the time nf nr pdar to nn inspectian specifying re,asonnble cause for the inspection.
<br /> 10. Condemruttion.The pruceed.r of any uwurd or claim for damuges. direct or conr,equentinl, in connectian wlth any
<br /> condemnution or ott�er talcing uf nny purt of the Property.ar for conveynnce in IIeu of�andemnAtion.are hereby assigned and
<br /> shall be paid to Lender.
<br /> In the event of a total t�+licing of the Property.the procceds shall be applied to the sums secured by this Security Instrument,
<br /> whether or nat then due.with any excess patd to Borrawer. In the event of a partial taking af the Pmperty in which the fair
<br /> market v�lue of the Prr�perty immediute[y before the taki�g is equal co or greater than thc amount of the sums secured by tdis
<br /> Secudty Inswment immediately before the tekin�.unless Bornower and Lender ath$nvise agoee in wtiting,the sums secured by
<br /> this Secudty lnstrument shult be reduced by the amouiit of the proceeds multiplied by the following fraction: (a) the totel
<br /> amsunt of the sums secured immedi�tely before the tnking. div�ded by(b)the fair market value of the Prnperty immediately
<br /> beforc the taicing. Any balance shull be patd to Borrower. ln the event of u partIal takMg of the Property in which the feir
<br /> market v�lue of�he Prop�rty imrncdiarely bcfore the t�tcing is Iess than the arnount of the sums secured immedlately before the
<br /> takIng,unless Borrower and Lender otherwise asree in wrIting or unless applirable law atherwise provides,the proce�ds shell
<br /> be apptiecl to thc sums secvred by this Securit}r Instrument whether or not the sums t�ne then due.
<br /> If the Property is abandaned by Borrawer.ar if.after notice by Lender to Borrower that the condemnor offers to make aa
<br /> awand or settte a clnim for dumages. Borrower fails to respond to L.ender within 30 days after the date the notice js gi:�en.
<br /> ►.eader is authorlted to colle�t and apply the proceeds.at its opdon. either to restoration or repair of the Property or to the sums
<br /> secumd by this Secudry Instrument,whether or not then due.
<br /> Unless l.ender and Borrower otherwise agrce fn writing, any appltcation of pra�s to principal shall nat extend or
<br /> postpone the due date of the monthly payments referred ta in paragraphs 1 aad 2 or change the amount of such payments.
<br /> Il.Borrower Not Reteased;Forbearaace By Lender Not a Waiver.Extension of the time for Qayment or modification
<br /> of amortl7ation of the sums secured by thts Secudty inswment grante�by I.ender to eny successar in interest of Borrower shaU
<br /> nr�t�perste tQ r�lesre th�l3sb1llt�of she or�;fr3a1 Borru�ar or Borrawer'e s�suss in interESt. Ixnder slza!!n�t!�t�3sir�si t�
<br /> commenee proceodings against any successor in interest or refuse to extend time for payment or otherwise arodiFy amortizatIoa
<br /> of the sums secured by this Security Instntment by reason of any demand made by the orEginal Horrowes ar Borrower's
<br /> successors in jntec�est.Any forbearance by Lender in exer�eising any rtght or remedy shall not be u waiver of dr preciude the
<br /> exentise of any right or remedy. � �
<br /> 12. Sticcesors end Asstgns Bound;Joint and Severnl LiablUty; Co-st�ners. The rnvenants and agreemeats of this
<br /> Securiry Instrument shali bind and benefit the successo�s and essi�ns of Lender and Borrower, subject to the provisIoris;of
<br /> paragcaph 17. Bormwer's rnvenants and agreements shall be joint and several. Any Borrower who co-sIgns tLIs Seeurity
<br /> Instrument but does not execute the Note: (a) is cn-slsning this Security Instrument only to mortgage,grant and convey that -
<br /> Borrower's interest in the Property under the terms of this Secudty Insttument;(b)is not personally obligated to pay the sums
<br /> setured by this Security Instrument;and(c)agrces that Lender end any other Borrower may Agree to extead,modify,forbear or
<br /> make any acoommodatians wlth regurd ro the terms of this Secudty Instrumeai or the Note without that 8orrower's consent.
<br /> 13.Loan Charges.If the loun secured by this Secudty Instnuaent is subject tq a law which sets mfurimum loan charges.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be coll�In aoru�ection wlth the
<br /> laan exceed the permitted lia►its. then:(a)any such loan charge shall be reduced by ihe amount necessary to reduce the charge
<br /> to the percnntted 13mit;and(b)any sums alrea�dy callected from Borrower which exceeded permitted limits will be refi�nded to
<br /> Burrower. I..ender may choose to make this refund by reducing the pdncipnl owed under the•Note or by making a di'recL'
<br /> payment to Borrower. It' a refund raluces principal, the c�luction witl bc treated as a partial prepayment whhout �ny
<br /> prepayment charge under the Note.
<br /> 14.Noilces.Any netice to Rormwer�+mvided for in this Securiry instmment sha!!be�iven by dellveziag 3t ar by sn�tiag
<br /> it by iirst class mail untess applicab(e!aw requires use of anodter method.The nntice shall be directe�i w the Property Address
<br /> or eny other address Borrower designates by notice to I.ender. Any notice to L.ender shell be given by first clacs mail to
<br /> Lender's nddress stated herein or nny other address Leader designates by notice to Barrower. Any notice ps�vided for in thts ,
<br /> 5ecudty Instrument shall bc dcxmed to have been given to Borrower or Gender when given as pmv[ded in tlsis.pfuagreph.
<br /> 15.Govemla� Law; Severability. This 5ecurity Instrument sliaq be govemed by fedcral law and'the law of the
<br /> jurisdictton in whlch the Property is located. In the event that any provision or clause of this Security Insttument or the Note
<br /> conflicts with a}�19cable luw.such conflict shall not affect other provisions of this Serurity Instrnment or the Nute which can be
<br /> given effeet without the cr�ntlicting pmvtsion. To this end the provisions of this Sec�rtty Instrument and the Note are declar�
<br /> to ba severabte.
<br /> , 16.Bortnwer's Copy.Borrower shall be given one conformed wpy of the Note and of this Security Instrument.
<br /> Form 3028 9/80
<br /> Pogo 4 of 8
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