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<br /> payments muy no longer be requirod,at the option of Lender,if mortgage�nsurnnce coveruge 1in�hn u���vw�.a�z.i f3�t,'�a�rlc� •-
<br /> that I.endcr requires)providcd by un insurer approved by I.ender ngain becames uvailable and is obtuined. sorrower shall pay
<br /> the premiums required to maintain mortguge inaurnnce in effect.ar to provide a loss reservc.until the requlrement for mortgage
<br /> insurance ends in accordance with any wdtten agreement between Borruwer nnd I.ender or upplicuble tutiv. �
<br /> 9.Yaspection. I.ender ar tts agent may muke masonable entries upon and inspections of the Property. [.ender�hall give
<br /> Borrower notice at the tirne of or prior to an inspecdon specifying m.ubonable cause for the inspection.
<br /> 10.Condemnatton. The pmceeds of eny award or zlatm for dama�es, direct or consequendal. in connection with any
<br /> condemnation or other t�king of any p�t of the Property,or for conveyance in tieu af condemnation.nre nereby assi8aed and
<br /> shal�be paia co i.emier.
<br /> In the event of a toutl taking of the Property.the proceeds ahall be applied to the sums secured by thls Secur�ty Insuument,
<br /> whether or not thea due, with any excess gatd to Borrawer. In the event of a parti�l taking of the Ptoperty In which the fair
<br /> market value of the Prope�t,r immetliately before the taking ls equal to or greuter then the amount of the sums secu�+ed by this
<br /> Secudty Instnunent immedtarely before the taking,unless Borrower and Ler•der othenvise agree ir�wrtting,the sums secured by
<br />, this Sec�uity Instrument shall be mduced by the amount of Rhe praceeds mulUptied by the following fraction: (a) the totel
<br /> amount of the sums secured immediately before the tektng,divlded by(b)the fair m�rket value of the Property fmmediately
<br /> before the tnking. Aay balance shall bo paid to Borrower. In the event of a pactIal taking of the Property in which the fair
<br /> market value of the Property imme�iately before the takln�is less than the umount of the swns sscured immediately before the
<br /> wkIns. unless Barrower and Lender otherwlse agree in writing or unless applicable law othenvise pmvides,tha Pmoeeds shall
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> if the Property is abandoned by Horrower.or if.after noticfl by Lender to Bormwer that the condemnor offers to make an
<br /> award or cettle u claim for dnmages, Borrower fails to respond to Leader within 30 days after the date zhe rtotice la given,
<br /> Lender is autharized to collext and apply the proc�ds.at Its opHon.either to restorndon or repair nf the Property or to the suma
<br /> secured by this Securlty Inst�ument.whether or not then due.
<br /> Unless Lender and Borrower otherwlse agree ln wrlting, any application af proceeds to principnl shall uot extend or
<br /> pastpone the due date of the monthly payments teferred to jn pasagraphs 1 end 2 or change the ataount of such payraents.
<br /> 1 i.Borrower Not Released;Forbearance By Lender Not a Weiver.Extension of the time for payment or moditicadon
<br /> of aznorti7atlon of the sums secureci by this Secwity(nstcument granted by Lender to any successor in Interest of Borro�ver shall
<br /> not operate to relcase the liability of the or��inal Borrower or Bomower's suocessors in intemst. I.ender shait not be c�quir�ci fn
<br /> commence proce�[ngs agaiast any successor in interest or refuse to extend d�ne for payment or oih�rwise modify amortixation
<br /> of the sums socured by chis Security Insuvment by re,ason of any demand made by the original Barcawer or Borra`trer's
<br /> suocessors in interest.Any forbe�rance by Lender ia exenising any r�ght or remedy shall not be a waiver of or preclude the
<br /> exercise of any right or�emedy.
<br /> 12. Successors and Asslgns Bouad;Joint und Severel LtabiUty; Co-signere. The covenants and agreements of thia
<br /> Secudty Insmsment shall bind and benefit the successors and assigns of Lender and Bonrawer. subjecx to tht� provislons of
<br /> paiagraph !7. Borrower's covenants and agreementa shal! be joint and several. My Borruwer who co-sigrw this SecurIty
<br /> Insmiment but dces not execute tha Note: (a) is�-signing this Secudty Instntment only to mortgage.grent aud oonvey tl�at
<br /> Hotrower's interest in the Property under the terms of tl�iis Security Tnsaument;(b)is not persoaally obligatod to pay the sums
<br /> secured by this Securiry dnsuument;und(c)agrees that I.ender and any othec Borrower may agr�e to extend.�aodify.facbear or
<br /> makp any accommodadona with regard to the terms of this Securicy Instrument or the Note without that Barmwer's consent.
<br /> 13.�.oan Charges.If the loan socurod by thls Secudty Insnument is subject to a law which sets maximum loar►char8es.
<br /> and thaf 18w ia finapy intespreted so that the interest or other toan charges colie�or to be colle�ted in oonnectlon with trits
<br /> toan exoaed the permitted limiu.then:(a)any such loan r.hurge shs�ll be reduced by the amount neoessary to reduce the charge , ;
<br /> to the permitted limit;and (b)anY sums already collxted fram Sorrower which excaadod permitted limits wiil be refl►nded to � '
<br /> Sorrower. Lender cqay choose to make thls refund by reducing the principal'owed undcr the Note or.py mKking a direct
<br /> payment to Borrower. If a refund tetluces principal. the re�uction will be tt+eated us a partfal pnpayment a+ithout airy
<br /> pnepayment char�e axler the Notc.
<br /> 14.Nottces.Any not'sce w Borrower provtded for in thia Security Insuument shssil be given by delivering it or by mailiag
<br /> it by first class mail uniess applicnbl�law requires use o;another method.The notice sholl bo directed W the P�+operty Address
<br /> � or any other adde+ess Horrower designates by notice to Lender. Any notice to Lender shall be given by first class�ntait to
<br /> I,ender's uddress staud herein or any other address Lender desig�sates by notice to Borrower. Any nottoe providod far in th3s
<br /> Security Instrument shull be deEmad to have been given to Borrower or I.ender wnen gjven as providal in t4us paragraph.
<br />— 15.Governing I.aw; Severabfltty. This Securiry Iaswment shall be govemed by federal law and the luw of the �
<br /> judsdlctfon in which the P'roperty is located. In the event that any provision or clause of this Secudty lnstnunent or the IJot�
<br /> conflicts with appltcablc I�w.such canflict shall not affect other pmvislons of tbis Secudry Instrument•oT the Note which can be
<br /> given effect without;he confltcting provisioa. To this er�d the provisions of this Security Inswment and the Note sre declarod
<br /> to be severabte.
<br /> 16.Borrower's Copy.Borrower ahall be given one confor�ned copy of the Note and of this 5ecurity Insavment.
<br /> Fcrm 30Y8 9l80
<br /> Page A oT 8
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