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<br /> paymenta may no langer bc rcquircd,ut tl�c uptian of I.cnc�cr,if mortgage insurc�mc covcrugc(in thc umaunt und for thc period �
<br /> thut Lendcr rcquires)pravided by ar�insurcr uppmved by l.ender again becames avuilablc und is obtained. Aurr��wer shall puy '�
<br /> Ghe prcmtums rcquircd to mnintain mortgage intiurancc in cffect,ur ro providc u �oss rescrvc,until thc rcyuiremcnt fiir nwn�u�Ce �_,
<br /> insumnce ends in nccordance with uny wdtten ugreement between Borr��wes und l.mder ur upplicable luw.
<br /> 9.Ingpecttun. Lendcr ar its ugent muy make rcu.sanuble cntricw upon and inspcctions of the Nr��perty. Lcndcr tihtdt give ���;.
<br /> Bonower natice at the time af ur prlar to an in�+pectton specifying�cusonuble cuuu fc�r the inspectiun.
<br /> 10.Condemnntion.7'he proceeds uf uny uwu►•d ur claim Far damages. dirccQ ^r ronkyucntial, in connectiun wtth uny ��".:`
<br /> condemnatton or other tuhing af any part of the Propeny.or for conveyance in Iku af cundemnution,ure hemby usrigned und ��,
<br /> shall be pnid to l.cnder. °�'`"-'`
<br /> In the oveni of n towl tuking of the Property,the praceeds shall be upplicd ta the sums�:ecurcd by this Security instrument. -_�
<br /> whether or not then duc. with nny excess paid to Barrowcr. In tho event af u partial tuking uf the Pmperty in which thc falr �;,;_,
<br /> market value af the Property imme�iately before the takin�is equal ta ar grcater tQ�un thc umount of the sums scrumd by this �_:_
<br /> Security Instrument immediately before the taking,unless Barro��rer iutd L,endGr aherwise ugrce in writing,the nums secured by –
<br /> this Security Iustrument shali be reduced by the nmount of the prace�ds multlplied by the follawing fructlon: (a) the totnl
<br /> amount of the sums r,ecured immediatety before the takin�, divtded by(b)the feir market value of the Property immediutcly _
<br /> before the taking. Any bulance shall be pald to Horc'awer. In the event of a putiul taking af th�e Property in which the fuir __-
<br /> market vulue of the Properry immediately bet'ore the talcin$is tess than the amount ot thc sums secured immedinsely beforc the
<br /> takin$,unless Borrower and Lender otherwise a�ree in writing or unless applicable Iaw atherwise provides, the pracceds shall
<br /> be sppliai to the sums secured by this Secudty Instcument whether or not the sums are then due. —
<br /> If the Property is abandoned by Bonower,or if.after nottce by L.ender tu Bor•rower that the condemnor offers to mnke an
<br /> av�ard or settl�a claim for demaBes. Borrower fails to respond to Lender wit�in 30 days after the dute the notice is given.
<br /> Lender is authorized to collect and apply the proceeds.at its optlon.either to restora�tion or repair of the Property or to the sums __
<br /> secure�by this Securlry Instrument.whether or not then due. �;�tion of roceeds to principal shall not extend or
<br /> Unless Lender and Borrower otherwise agree tn writing. any�PP�d 2 or change the amount of such payments.
<br /> postpone the due date of the montt►ly paymenu referred ta in paragrap
<br /> � Il.Horrower Not Released;Forbeara�ace BY Lender No!u Waiver.Eatenslon of the time for payment or modificatton
<br /> of amoitlzation of ihe sums secured by this Security Instrument granced bY I.ende<<°enY successor In interest of Borrower shall
<br /> aot operate to release the Hability of the origii►ai Borrower ur Boerower's successors in interest.Lender ghall not be required to
<br /> caaunence proceedin8g aga�nst any successor in interest or refuse to extend tirne for payment or otherwise modify amortization
<br /> of the aums secured bY th�g Se�urlty Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> successors in inte*es�• Any forbearance bY t.ender in exercisi��g aay ri8l�t ar mtt�dY st'.e!! n�►t hP a waiver of or preclude the , _
<br /> exercise of any dglu or remedy.
<br /> 1Z. Successore and Assl�ns Bounc� Jo1nt and Several LiabiUty;Co3lgners. The covenants and agreements of this
<br /> Seca�rity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreEments shatl be,foint and several. Any Bonower �vho co-st�a S e�a
<br /> Instrnment but does not execute the Note: (a) is co-signing this Security Instnunent only to mort�age, gcan Y
<br /> Borrower's interest ln the PropertY under the terms of this Security Instrument(b)is not personally obligated to pay ehe sums
<br /> s���y�i��u��,��ument�and(c)agrees that L.ender and any other Barower may agree co extend.modify,forbear or
<br /> �nak�any accommodations with reSard�°the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. �an G�&�•If the loan secured by this Security Insmiment ia subjxt co a Iaw which sets maxlmum loan charges,
<br /> and that law is finatly interpreted so thai the interest or other loan charges cdlecud or to be collected ia wnnection with tlie
<br /> loan exceed�e P��ittec(►Lniu,thea:(a)any such loan charge shall be reduad by the amount necessary to reduce the charge
<br /> to the perniitted limit: and(b)anY sums alreadY cc�lle�ted from Borrower which exceede8 permitted limits will be refunded to
<br /> Borrower. Lender may choose to malce th�s refund by reducing the princip� owe� under the Note or by making a direct
<br /> payment w Borrower. If a refund reduces princlpal. the reduction wlll ix treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> 1�. Ndtices.AnY norice to Borrower provide�for in tMs Secudty Instcument shall be given by delivering it or by mailing
<br /> i2 by first class ma�1 nnless aPPl�et►ble law requires use of another method.T'�e notice shall be dfrecte�to the ProPertY Address
<br /> or any oiher address Borrower d�ignates by noiice to Lender. My notice w Lender sha11 be giver+ by first ctess mail to
<br /> Lender's address state�herein or any other addmss Lender designates bY notke to Borrow'er. Any notice provided for in this
<br /> Securiry Instrument shatl be deemed to have been given to Borrower or Lenderwhen given as providad'u►this ParagraPh•
<br /> 15. Governing Law+ Se�et�b�t3'• T�g ���3' I��ent shall be governed by federal law and the law of the
<br /> jurisdiction in which the PropertY is located• u►We event that any provision or cIausa of this Security Insuument or the Note
<br /> conflfcts with applicable law.such contlict shail not affect ather provisions of this Security Instrument or the Note w�ich can Ue
<br /> gtven effect without the contlicting provision.To this end the provisions of tAis Securlty instrument and the Note are declared
<br /> to be severable. -
<br /> — 16.Borrower's CopY•Bon°Wer shall be given one conformed c�pY of t�e Note and of this Securiry Insmiment.
<br /> Form 3028 8/80
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