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.� � r� . � q�.....,,::.:ia�:- . . „ .. :ic•. , ._. � . ..... , . . ��a.7•+y.�...,q�,. - I � -- � . _ .. :r,..:'.-r x�..•.... .. - .. ' ._...,_.__��-�..__..... _—___ , -..� . . .,_...._.o . ........ . .. �,� .�__ -___ _ . '_ _—_'_' y�� payments muy no longer be required.at thc optton of Lcnder.if mortgage lnaurnnce cuvemgo(in tl�a ramount end for the podod that Lcnder requircs)pmvfdai by an insurer appmved by Lender again becomcs c��ailublo und is obtntned. Bonower sh�ll pay the prrcmiuma required to maintain martguge insuruace!n effect,or to provlde n los9 reserv�e.t�rttil the requimment 4or nwrt�e�e _. lnsurunce ends in accordance wlth uny wrttten agreement between Horrower and Ixnder ar applicabld taw. 9.Inspectfon. Lendor or it�agent may make reasanablc entrles upon and inspections af the Property.l.ender shali glv4 Honower notice at the time of or pdar to un inspection epecifying reasonuble cuuse fnr the inspection. 10.ConderanAtton. Ttie procceds of any award or etuim for damages. dirert or rnnsequentiul. 1n connection wUth any wuuvuumiivu uf uiiiet iitaiug�i nu�}�n►i�i uic�av��iy.oi i�+i.::,;�.:;�a�;N��i�cu��i a+ndemnaUon. are hereby as�igned ar►d shali be paid to Lender. Irt the event of n total wking of the Propecty.the pmcads shall be appliod to the sums secured by this Securlty Instrutnent, whether or nat then ciue, with any exc�ess pafd to Borrower. In tho event of u partinl talcing of the Properry in whieh the fair merket value af the Propeny immediately before the taking is equal w or greuter than the amount of the aums securcd by this Securiity Instrument immediately before the talcing�unlesa Borrower und Lender othenvtso agree in wrtting.the sums secured by this Secarlty I�strument ahall be raducal by the amount of the ptoca�ds multIplied by tha folbwing fractlon: (a) the total amount of tha sums socured Immediately before the teking.divtded by(b)the fa�r marktt value of tho Property Imrnediauly before the taking. Any bafance shail be paid to Borrower. In the event of u pare3al taking of the Pcoperty in whi�6 thc fuir market value of the Property irtunediauly before thc taking is less than the amount of tho sums secumd inunediately before the taking.unless Borrower end Lender otherwlse agcce in writing or unless applicable lsw otherwisR provides,the pmce�ds shall be appQed ta the sums secured by this Security Instrument whether or not the sums are then duo. If the Property is abandoned by Borrower.or if.after noNce by I.ender to 9orrower that the conde.nttor offera to make azr award or settle a cla�m for demages, Borrower fails w respond to Lender within 30 days after the date the notictt is given. I.ender is aushorized to cotlect end apply the proceeds.at ita opt�on,either to restoratfan or repair of the Property or to the sums , securrd by this Securlty Instn�ment.whethxr or aot then due. Unlesg Lender and Borrower otherwise agree in wrIting, any application of prooeeds to princIpal ahall not extend or postpone the due dau of the monthty payments refemed w in paragraphs 1 aad 2 or change the amount of such paymenta. 11.8orrower Not Released;ForbeKr�nce lly Lender Not a Waiver.Bxtenslon af the t�me for payment or modification _ oi amocaza[ion of the sums�xurai by thia Security Ina��t gnuitai t�y I.e,i�cs tv iuiy at��sut!iy itit�fcst vf Bar�wer shet! - aot operate to celease th�liability of the arlginal Borrower.or Borrower's successors In lnterest. Lender ahall not bo roquirOd to cammence prooeedings against any successor in interest or refuss to e�tend tlmc for payment or otherwtse modify amortizatioa of tho sums secured by thia Sec�rity Instrument by reason of any demand made by the original Borrower or Borrower's� successors in interest. My forbearance by Lender in exerc[si�g any riaht or remedy shaU not be a waiver of or preciude the eaerclse of any dght or remedy: � 12. Suecessors und Axslgus Bound;JoSnt and Several Limbility;Co-signers. The covenants and agreemaats of tlus Sceurlty Insttvment shaU bind and beneft the successors aad assigqs of Lenderand Borrower, subject to tha pruvisions of pareSraph 17. Bonower's cavenants end agreemcats shall be joint and several. Aay &srmwer who oo•sigas chis Socurity Instrument but das not execute the Note:(a)is co-signing this S�curlty Insmiment only to moxtgage.grant and convey that Bornower's interest in the Property uader the terms of thfs SecurEry Instnunent;(b)is not personally obligated to pay the stam� secured by this Securiry Insuument;and(c)agnes that I.cndcr and any other Borrowex may agnx to axtend.modify,forbear ar make any aocommodadons with regard to the terms of this SocurIty Insm►ment or the Note witbout tlwt Horrower's consent. 13.Loan C6arges.It'tfie lo�nn sewKd by this Securtry Instcument,ta qubject to a law whtefi sets nsaximum loan eharges, and that luw is finaliy interpreted so that the Interest or other loan char,ges coltected or to be wllected in wnnscdon with tho loan eaceod the permitted limits,then: (a)aay such loan charge ehaU be reduced by the amount axessary ro reduca the chargo to th�permittcd limit;and(b)any sums etready coUated from Bor�+ower whlch e�coee�dcd permitted limlts wIU be refuadal to .��3oiTOwer. Lender may chaose to make this retLrni by reducing the �tr�neipal owed:w�der the Note or by making a cliroct papment to Bonower. IP a refund reduces pdncipal. the rcdnction will be treated es a partiel prepayment widwut eny pnpayment charge under t;�e Note. 14.No�tcc.w.Arry not(ce to Borrower pinvided for in thls Securlty Instrumeqt shall be given by delivedng it or by malling 9t by first class mail unless eppticable!aw requires use of another method.The notice shall be directed to the Pmperty Address � or any other addness Borrower designates by notice to Lender. Any notice to Lender shell be given by first class mail to Lender's address swted herein or any other addness Lender designaces by notice to Borrower. My nndce prov3ded for in this. Sa•ur�ty Instcumerrt shaii be deemcd tu have heen given to Borrower or I.ender when given as provided in thia paragreph. 15.Governing La�w; SeverabWty. This Securiry Insuvment ahall be govemsd by federal lew ar►d tbe law of t3�o� judsdictton in wMlch the Property is locatal. In the event that any prov�sIon or clause of thia Secur3ty instrument or tha Note � conflicta with applicxible law.such oonfliM shali not affect other provistons of thls Security Instrnment or the Note whlch can be given effect wlthout the conflicdng pmvtslon.To this end tha pmvisions of thia Secur[ty Instrument and the Note an+declared M be severable. . 16.Bor�+ower's Copy.Borrower shall be given one confo�copy of the Note and of this Stxudty Instrument. � Form 3028 8/80 P��ofB '