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<br /> pnymants miry no langer be requircd.nt the aptian of Lender,if mortgnge Insurnnce cuverage�i�the amo��u'n�ex�or Te perlod
<br /> t1�nt i.cndcr rcquires)provfAcs! by nn iiis�irer npproved�y i.endcr abaiii bccom�s avnilablc And is obtained.Barrowcr shnll pay
<br /> the prcmiums rcquired to mafntuin mort�ugc insur�ncc in effttt, or to providc u losc rescrvc,u�itil the requirement for martgr�gc
<br /> insum�uc ends in ar.wrdmicc wirh u��y w�]►t���u��cai�2cnt b:.rr'w:s 9orro:��er ar.�L4ndPr or nnplirablc law. _
<br /> g, Qi;,�-ctioa, l.eader or its ngcnt nt�y mnke reasostaEle cn►ri�s upon nnd inspections of the Praperty. Lcndcr shzdl givc
<br /> uorruwcr�IviiC�,di 2i�C i.�.:.:.�%�i^`�'���•"•�•^•`-`r-"�-tinn c�rrlfylna retLton3blC CaUSC f0T thC Ii�spCCt�oil.
<br /> 10. Condemnatlon. The procceds of;uiy a�vard or claim for damages, direct or consequentinl, in connection with any
<br /> condemnatiun or other tnking of any part of the Propeny. or far conveyanca in licu of condemnation. are here�y ussigned nnd
<br /> shnU�c paid ta Lendcr.
<br /> In the eveni uf n totnl taking of the Property.the procecd4 shnll be npplicd to the sums secured by this Security Instrument,
<br /> wt�etl�er ar not th�n due, with any excess paid to Borrower.Ie�the event of u purtinl tal:ing of the Property in which the fair
<br /> market vulue uf the Property immedintcly befare thc taking is equal to or greater than the amoi►nt of the sums secured by this
<br /> Sccuriry I�strument iminedintcly before thc taking,unless Horrower suid L.ender othen�•isc agrcc in wriNng.the sums sccured by
<br /> tt�ls Security Inslcument shnU l�c reduced by the amount of the procceds multiplied by the followi�ig fractian: (u) the eotal
<br /> umount of the sums secured immcdiatety before the tukin�,dividcd by (b) the fair market value of the Property immediately
<br /> before the taking. Any balnnce shall be paid to Borrower,In the event of a partial tnking of the Properly in which ehe falr
<br /> mrsrket valuc of the Praperty immediately before the taking ia less than tbc umount of the sums secured immeclintely before the
<br /> tukinF,uuless Borrower ttnd l.ender othenvisc agree in wrilin� or unless applicuble tuw oihen�ise prov�des,the proceetls shap -_
<br /> be applied to the sums sccured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borro�ver,or if, after natice by Lender to Borro�ver that the condemnor offers to malce nn
<br /> uward or settle a clsim for damages,Borrower fails to respond to �.ender within 30 days after the date the nntice is given,
<br /> Lender is authorized to collect and apply the proceeds.at itsoption, either to restoration or repair of the Property or to the sums
<br /> secured by Uus Security Instrument.whether or not then due.
<br /> Unlcss I.ender and Borrawer othenvise agrce in writins, any epplication of proceeds to principal shall not extend or
<br /> postpone ths due date of the monthly payments referred to in parngraphs 1 and 2 ar change the amount of such payments.
<br /> 11.Borrower Not Released; Forbearance By I.ender Ivot e VVaiver. Extension of the time for pavment or modification
<br /> of umortizatian of the sums secured by this 5ecurity Instnsment sranted�y Lender to any successor in interest of Borrower shall
<br /> not operate to rclease the liability of the original Borrower or Bonower's successars in interest. L.ender shall not be rec{uired to
<br /> commence proceedings ugainsc any Su�LC��ui ii iiicicat vY aial"a",iv Cn2:.A�2titi�far p»�mrs:L`!QL�2?_!'`.'!I�'!]?�ifv AnI01'[178t�0I1
<br /> of the sums secured by this Sccuriry Instrument by reason of any demund made by the originat Bunawer or �orrower's
<br /> successors in intei�est. Any farbeurance by I.ender in ex�rcising any right nr remedy shall not be a waiver of or preclude the
<br /> exercisc of any right or remaiy.
<br /> 12. 5uccessors and A�signs Boua►d; Joint und Sereral Llabll(ty; Co-slgners. The covenents und agreements of th3s
<br /> Sccurity Instniment shall bind nnd benefit the successors end assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrowcr's covena�iu and agreements shall be jonnt and several. Any Borrower who co-sibns this Securiry
<br /> Inswment but does not execute the Note: (a) is co-signing this Security Instrument only to mongage, grant und convey that
<br /> Borrower's interest in the Property under the terms of dais Secudty Instnunent; (b)is not personally obligutcd to pay th�sums
<br /> secured by this Security Instiument;and(c)agrees that I..ender and any other Bonowcr may ngree to extenJ,modify,forbcar nr
<br /> make any:icwmmodatlons with regard to the terms of thi s Security Instcument or the Note without that Bortow�r's consent.
<br /> 13.Loan Charges. If the loan secured by this 5ecuriry Instrument Is subject to a law which set�maximum loun charges,
<br /> a�id diat law is Cnally interpreted so that the interest or other loan charges col(ected or to be collected in cannection with the
<br /> loan exceed the pemutted limits,then: (u)any such loan chu•ge shall be reduced by thc amoune necessary to rcduce the chazge
<br /> to 4he permitted limit;nnd(b)any swns:�Iready collected from Borrowcr which exceeded permitted limits will b�refunded to
<br /> Bonower. L.ender may �lioose to maSce this refund by reducing the principal owed undsr the Note or by making a direct
<br /> payment to Barrower. If a refund reduces principal, the reduction will be treated as a pa�tial prepayment without �.hy
<br /> prepayment charge under thc Note.
<br /> 14.Natices.Any notice to Borrower provided for in this 5ecurity i��,i�u���eni st�aSl bc�[v;,r.��de:::�e:iag it or 6;mailino
<br /> ic by first class mail unless applicable law requires use of another method.The noticc shall be directed to the Properry Address
<br /> ar any other address Borrower designates by notice to Ltnder. Any notice ta Lender snall be given by first class muil to
<br /> Lender's Address stated herei�n or:ury other address Lender designutes by notice to Bonower. Any notice provided for in this
<br /> Securiry Instcument shall be deemed to have been givcn to Bonawer or L.ender when given as provided in this paragraph.
<br /> 15.Govcrn(ng Law; Severabllity. This Secudty Instniment shall bc �overnai by fecicral Is�v 1nd the I�w of the
<br /> jurisdiction in which the Property is locatcd. In the evern ihat nny provisioa or clausc of this Security Instrument or the Note
<br /> canflicts with app(icabl�Iaw, such conflict shall not nifect other provisious of this Security Insuvment or the Note whicli can be
<br /> given effect without the conflicting provision. To this end tlie p:ovisions of this Security Instrumsnt and the Note ure declared
<br /> to be severable.
<br /> 16.Borrower's Copy.Borcower shnll be given one rnnformed copy af the Note nnd af this Security Instrument.
<br /> Form 3028 9/80
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