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<br /> payiui:ntti nr.ry nn lunlcr Ite rcquircd,nt thc o���ion of L.�'ndcr, if mortgugc insurance cnvcruZ;c(in die amow�t and for the pr.rfod ..�_
<br /> dmt Lcndcr rcquires)pr�vidcd hy un insurcr upprovcd by l.cndcr��guin bccu�ncs uvailahlc and i:;obYaincd. l3arr���rc:r sliall p:ey ��_
<br /> t!�e pr_�!nit��»�required w maintnin mortgage insurunce in efi'cc;t.or to pravidc u losr res:rve, until thc requircment f'or mnrt�;n�c —
<br /> in;uran�c cnds in r.ccorduncc with nny writtcii agrcemcnt bctwccn�urrowcr uud i.::r�d�r ar applic�hlc lnw.
<br /> 9, insy�ectiun. L.endcr or its ngcnt may make r4asnn.ible entrics up�m und inspections of thc Properry. L,ender shall �ivc
<br /> Qurr��wer no�ice at the thne of ur prior to un inspr.cdon specifying reas��m�ble cause fur the inxp::ction.
<br /> 10. Co►i�3�����tattot�. Thc pmcceds �rP c+ny awnrd or claim for�amabcs, dircct or conscqur,ntiul, in cnnncction with nny
<br /> candcmnntion nr oUier t:iking of any part of tli�Property, or Por cunveyancc in licu of condcmnation, an hcrc;by u:�,igned and
<br /> shall bc puid ta I.cndcr.
<br /> In the event of n tatal tnking of the Prope��ty.the proceeds shall be appiied to the sums secured by this Securiry Instrument,
<br /> �vhettur or not thcn duc, with nny excess paid to Horrower. In thc event of a purtial taking of the Property in whieh the fair
<br /> markct vuluc of thr.Propr.rty immcdiiitcly before the tnking is cqual to or greuter than the umount of the sums sccured by this
<br /> Sccun ity Instrumcnt immc;diately before the tllcing.unless Borrower and Lender otherwise agree in writing,die sums secured by
<br /> dus Sceurity Lnstniment shall t�e rccluced by tl�c amount of the procecds multiplicd by the fallowing fraction: (�) t(ie to4a1
<br /> nmount of the sums sccured immediately before the tak►ng. divided by (b) the fnir murket value of the Prope�ty immediately
<br /> beforc.the taken3. Any balance shall be paid to Borrau••rr. In thc cvent of a paiKial takin� of the Praperty in which d�c fair
<br /> markct value of the Pro�rrty immedincely b:Sorc the tal�i�,�;is less tit;i3�the umount of thc sums securcd immediately before the _
<br /> tak3ng, unless Barrower and[.endcr othcrwise agrce in�criting or�►!^.tess applicablc Inw ntherwise provides, thc procceds sitn►.f _
<br /> be upplied to the sams secured by this Security Instrument n�hether or nat the sums are then due. __
<br /> If the Property is abandoned by IIorrower,or if,after notice by Ixnder Ro�c+nvwer that the condemnor offers to n�ake an _�.:
<br /> award or settle a claim for damuges, Harrower fails to respond to I.cnder withit� 30 days aFter the date th� notice is given, ,,,c_:
<br /> Lender is authorized ro collect and upply the proceeds,at its option,either to restoration or re�psur of the Property or to the sums �
<br /> secured by tt►is Security Instrument,whcther or not tlicn duc.
<br /> Unless Lender nnd Borrov�cr otherwise agtce in�vriting, uny c►pplication of proceeds to principal shAll not extend or
<br /> pos4pmie the due date of the monthly paymcnts refcrrcd Yo in paragrnplis 1 and 2 ar change the amount of sucli payments.
<br /> 11. Boerower Not Released;Forbearance By Lender Not a Waiver.Extcnsion of the time for payment or modification
<br /> of arr'.orti�ltion of thc sums secured by this Security Instrument granted by Lender to any successor in interest of Bottower shell
<br /> not operatc to rcicase the liability of tiie original Borrower or Bonower's successors in interest. Lender sh.►II not be rcquired to
<br /> commerice proct:edings against any successor in interest ar refuse to extend time for payment or otherwise modify a�nortiuition
<br /> of the sums secured by this Securiry lnstniment by reuson °f nnv r cht oe rc�mcly�1lnllenot 6e a'wai er of o rp�lude the
<br /> successors in interest. i►ny iorow�:�i�e v� .•..n�:�'.+.�•,-r_4_ino
<br />�� exercise of uny right or remedy.
<br />= 12. SuccessQrs ar►d Ass+gns B�ow�z3+ �Jflint anal �evernl Uabil{ty; Co-signers. Th� covenants and agreements of this
<br /> • Security Instrument shnll bind and benefit the successors and assigns of I.ender und Borrower, subject to the provisions of
<br /> � paragraph l7. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this S�curity
<br /> lnstrumcnt but does not execute the Note: (u} is co-sig:lin�tlii�Security Instrument only to mortgage. grant nnd convey that
<br /> Borrowcr's intemst in tlie Property under the tcrms of this Securiry Instrument;(b)is not personaliy obli�ated to pay the sums
<br /> secured by this Security Instrument;and(c)agrees that L.�nder and any other Barrower mny agree�o extend,modify,farhear ot
<br /> mnke any uccommodations with regard to the t�rms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.T.oan Churges.If the ioan secured by this Security Instrument is subject to a I�w which sets mnxiinum loan cliarges,
<br /> and that law is finally interpreted so that�he interest or other loan chntges collected or to be coll�ted in connectlon with tho
<br /> loat�exceed the ncrmitted limits,then: (a)any such loan chargo shall be reduced by the amount necessary to reduce the chusg�
<br /> to Nie permittcd Ilmit;and(b)any sums alreAdy coilected f'rom Borrowcr which exoeeded permitted limits will be refunded 10.
<br /> . .....�e .r,;� rPf��n�i hy reducin¢ thc principnl owcd undcr the Nota or by muking a direct
<br /> Borrowet. i.ender muy ..�«,aa;, cc ...».... ...--
<br /> _ paymer.t to Borrawer. If a refund ra���ces princiPal, the reduction will be tmAted ns u parun� �,repaymn:i� wii«��. a��y
<br /> prepayment charge undcr the Note. `°�',
<br /> 14.N�t4�es.Ar+y natice to 8orm�v.er provided for in this Security Instrument shull bc given by dclivzriYrg i[or by mailing
<br />° it by first cless mail unlnss upplicable 2aw requires use of another mediod. The notice shall be di�ected to the Property Adflrrss
<br /> or any othex uddmss Bormwer designutes by notice to I.ender. Any notico to Lendcr shall be given by 4irst class mail to
<br /> Lemler's addmss stuted herein o�any other address Lender desig�ates by notice to Bonower. Any nottce provided f�r in this
<br /> Security Instrument shafl be�lecmed to have bcen given to Borrower or Lec►dcr whe�given os providcd in this parngraph.
<br /> 15.C•c�v�rning Law; Severnbllety. This Security Instrument sBall be �s�vcined by fcdeml Itiw s�nd the fuw of the
<br /> ju.risdiction in which the Property is locntai. In tha event that any provision or clause of this Security Insirument or the Note
<br /> conflicts with applicable law, such cunflict shall not affect other provisions of this Security Instrument or the Note which o�n be
<br /> given cffect without 4he contlicting provislon. To this end the provisions of t3us Security Instrument and t{ia Nutc ure dccland
<br /> to be sevcrable.
<br /> 1G.C3orrower's Cupy.Borrowar sha!!be given one conformed cony of tl�e Note and of tnis Security Ins�rument.
<br /> Form 3028 J.'80
<br /> , Pago 6 ot 6
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