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<br /> f'!"
<br /> payments may no longcr be required,ut tite uption of Lender,if mortsage insurance covcrage(in the mnount tu��fur dic period =
<br /> that L.endcr requires)provicicd'oy an insurcr nppruvu;f;y L,c��c;��agufn���a:7�s avsilsble Pstd i�obtn�nc� anrroti��er sti�ll pay
<br /> tfie pmmiums rcquirul to mi►inuiin mort�age insurance in effcct,or to provide a loss rescrve,until tho re��+irement Far�clartga�e
<br /> Insurance ends in accordance w►th nny written agrecment betwcen Borrower and i.cndcr ar nppUwblo Imv.
<br /> 9.inspecttos�. Lendcr or its agent may muke reasonable entries upon and inspcctions of the Praprrty. L.esidc�r shull give
<br /> B[�rtower notice at thc ttmc of or prior ta an inspection speciiyins reasonabte cuuse fur the ius��ectiun. �
<br /> 10. Condcmn�tlon. Thc prctcceds af nny nwurd or cluim for dmm�gcs, dircct oe conscqucntiul, in c�nn�ctinn�A�ith any
<br /> co�tdemnation or other tuking of miy pan of the Praperty, or for canvcynnce in licu��f condcntnldnn, liro I�crcl�y ius!�ned nnd
<br /> shall bc paid to Lcndcr.
<br /> In die evcut of'a totul taking of'thc Pm�+cety,Uic pmcccds shnll bc nR�licd to thc sumv sccurc�d by tlils Scs:urity In�tn�mcnt,
<br /> whether ur nnt then due, wUh cmy excess paid to 13oreower. In the event af u pnnial tukfng of'thc Pr�per�y In which the fn{r
<br /> nzurkct v�duc uf thc I'roperty imm�Ylintcly bcfnrc thc tnking is cquul tu or grciitcr�huii d�c umuunt of d�o tiums scrurcd by this -
<br /> Security Ins�rument iiSim�.�liatcly befure�he tuking,unless F3urr�wer�md l.ender otlierwise i�sree in wrltlnF;,thn su�t�x secured by
<br /> �hiw Sccurity Instrun�rnt shall hc rcduccd t�y thc nmount oF thc praceds multiplfcd by thc fnlluwinE imctirnu (nl thc total
<br /> umuunt�tif'thc sumti sccurc�l imnH,cliutely bcForc thc tuking,divided by (b)ttie fnir murkct vuluc of thp Prope�ty immYdln!cly
<br /> bcfi�rc thc takin�. ��ny balcincc shull bc pufd to Horrowcr. In thc evcnt of a partial taking of th� Pmprrty in wy�ir.ly.t)ao 9'uir
<br /> m»rket vutue uf thc Property i�nmecflntGly t►eforo the tukiRg is less thun the nmuunt of tlie sums securcd imm•slintc�l��befi�n;che
<br /> ti��ing, u�►tcss Borrower and Lender utherwlse ogree in writing or untess applicnble Inw otherwise pmvides, t}it�pmcec�shall
<br /> hc anplied to thc susus sccurai by tl�is Security instrument whethcr or not the sums arc then due.
<br /> If the Propeny is nbundoned by Aorrawcr. or if.after notice by Lcndcr to Borrower that th�condemnar offors to make an
<br /> awnrd or s�ttic a slaim Poe damnfics, Borrower fnils to respor►d to I.ender within 30 days nfter the de:t�tha notice is given,
<br /> L.ender is authorixed ta collect and apply the proctxxls,at its option.cither to restoration or repair of tha Propeny or to the sums
<br /> si:cured by this Security Instrument,whcther or not then due.
<br /> fJnless Lender and Borrower otherwisa agree jn writins, uny applicution of proceeds ta principul s1�s11 nat extend c,r
<br /> postpona ehc duc dute af th�monthly paymenGs referred to in paragraphs 1 and 2 or change the nmount of sucsi pnybnents.
<br /> 11.Borcower Not Released;Forbearaace By Lender Not a Wefver.Extension of the tim.^•for paym�ut or rnodificntian
<br /> of�nonization of the sums secured by this Security Instru�nent granted by Lender to any successor in intomst of•floROwer shall
<br /> �cot eperate to release the liability of the orlginal Borrower oe�orrawer's successors in interest. Lender sha.lt npt•k►a rcquired to
<br /> cornmence proceeclin�s uy;ainst wiy successor in interest oe refi�se to extend time for pay►nent or othaxwise mndlfy nmorti7.acion
<br /> of the sums secured by this Security Inst�unent by reason of uny demiuid mude by the ori�inul Bnn•o�v�rc or lBurrower's
<br /> successurs in interPst. Any forbearance by Lender in exercising any right or remody shall not be u tuaives crf'or preclude the
<br /> excn:•se of any right or remedy.
<br /> 4�. Successors ond Assl�us Bound; Joint and Sevc�� Liability; Co-signers. The covenunts ao�d aflresmer,ts of tl�is
<br /> Scc��ity Xnstrumcnt ahall bind uac� benefit the successorr;anca assigns of Lender a�id Horrower, subJtxt ta thn prmvislons of
<br /> paragraph 17. Borrower's covenants and agreements sl�ult b�joint nnd several. Any Borrower wha ro•�igns this Security
<br /> Jnstcument but dces not execute the Note: (a) is co-siIIning thia Se,curity Instrument only to mortgag�, gtw�t and convey that
<br /> Borrower's intcres�in thc Progerty under thc terms of thio''.,ecurity Instrument;(b)Is not per�,onally obligntol to pay the sum.q
<br /> secuced by this Securiry Instrument;and(c)ngrees tliut L,eiider nnd any othee Sorro�ver muy agree to extc��xi.mnAff,y,.f�rbear or
<br /> mahe any accommodations wlth regard to the terms of tlur�Security Instniment or dic Note wiihaut that Borroti�er's consent.
<br /> � 13. Loan Ctu�rges.If the loan secum.cl by tl�is Securlty Instrument is subject to n law which sets�nwtimum loan charges,
<br /> • and that law is finally interpreted so that Ihe�nterest or ather loan charges collected or to be wlle+ctc�d in�connectlon with the
<br /> ' loan exceed the permittaf limits,then: (a)uny such loun charge shall bc rede�cecl by the amouni n�ce.5�u�}r to rodua the charge
<br /> to the pormitted limit;and(Is)any sums tilrendy coltCCted trom t3orrower wnich eaceeded permis[ed i�miis wiii oe�c:o�N�:.� `
<br /> Borrua�er. I.ender may choose ia make this ��efand by reducing the principAl owai undtr th� Nute ar by in�king a direct
<br /> ' payment to Iiorrower. If a refund reciuces �principnl, the f�eduction will be treatecl tis a paniel E�npay���eut �viflioui uuy
<br /> prepuymens churge under d7e Note.
<br /> 14.Notlas.Any notice ta Borruwer pmvided far in diis Security Iostwnent shall b�e give;i by 4elivetin¢it or bp mailing
<br /> it by first class mail unless applicable law requires uso of anott�er mcthod.The notice shull b�direc2od to the Properiy Address
<br /> or ur.y other address t3orrower designates by noticc to Lender. Any noticc to Lendcr shall be giv�.m by fir�t clnss mail so
<br /> Lender's address stnted herein or any od�er address Len�ler designntes by notice to Borrower. A.ny i:otice provided for In this
<br /> S�:curity Instrument shall be dcemed to have been gi�•en to Bonower or Lcnder when given as prov�cicrl in this par�►greph.
<br /> 15.Coverning Law; Severability. This 5ecurity Instrument shull be governed by fc�d�val la�v and t}rr, law of thc
<br /> jurisd.ictton in whfch the Property is locatcd. In die evont th�tt nny provislon or clause of this Socutfry lnstn�mc�t or the Note
<br /> cont7icts with upplicab(e law,such conflict shall nut c�ffect other pibvisions of this Security lnstium:nt or the Note ti��hich can be
<br /> given efCect widiout the conflictinB provision. To thia end the provisions of this Socurity InstrumR:nt and che Note are declxred
<br /> to be severable.
<br /> � 16.Borrower's Co�y.Bon•ower shall be givcn one conformod copy of the Note nnci of this Security Instn�ment.
<br /> Farm 3028 9I80
<br /> ' Pepe�ot�
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