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<br /> pAytnent�ttwy no IonQor bc requlrod,wt the aptian uf L.cnder.if'mort�a�c insurnncc wvcrage(ln the omcwnt and far Ihe period
<br /> that Lcttdcr requires)providod by an insurer approvod by L.ender r�oin becames uv�iloble w�d f�obtainoJ. Barrower ciwll pny
<br /> � Y � tho prcmlums roquired to n�intrin nartQogc in�urancc m ettect,or to provide w ioxs rescrva,uoiii 1{��cyui�cuic�►t fv�ow�1�{t►yu `
<br /> incurance end�In accordanee wiU�any written pgroement hetwcen Barrower und l.e�uler or applicAble luw.
<br /> 9. Inrpectbn.Lender or Its a�ent may makc re�sonuble ent�les upon und inspectiona oF thc P�opeAy. 1..�:rnler Rlwll �ivc
<br />__ _.._
<br /> Barcower notice ot thc tin�o of or prior to an inspcction specifyfng reavonable cause far�he inxpection.
<br /> ' !0. Cond�mnatlon. The prc►ceeds of ony awani or clnim i'or dwiwgea.dirc�:i��r eon�eyuenliul, in runnea:�ian w 1 any
<br /> rnademnedon or other takin� af any parl of the Property,or for wnveyance in Ifeu uf condemnadan, arc hercby AsriQned w�d
<br /> -- ttwll bo paid ta L.eader.
<br /> _ In 1he event�f a lotel lnking�f the Pmperty,the pmceedR shell bc applied ta the swns serured by thie Security Instrument,
<br />-- — whether or not then due. with any excess puid to Rorrower. In the event of A partial taking af the Property In which the f�ir
<br /> market volue of the Property i�wnediwtely before the taking is equal to or greater then the amount of the sums secured by this
<br />_- -- - - Securlty Instrument immeQiately beforc the t�lcing.unlesa Borrower and Lender otherwise agree in wrlting,Uie sums secured by
<br /> --------�--- thia Securiry Instrument xhaU be reduced by the amount of the procoeds multiplied by the following frection: (n) the tota!
<br /> ._�_ amount of the suma secured imnedietet3 before thc taking, divided by (b)the fair markct value of the Property immediately
<br /> before the taking. Any balance shall be paid to Borrower. !n the event of a partial wking of the Property in which the fair
<br /> market value of the Property immedlately before the takia;{s less than thc amount of the sums secured immediutely before the
<br /> taking, unless Horrower and Ixnder otherwise agrce in wdting or unless applicable law otherwise provides. the praceeds ahall
<br /> ------ be wpplied to the sums secured by thl�Security Instrument whether or not the sums are then due.
<br /> .... _ _ ____
<br />�--==-����� If the Property Is abandoned by Borrower,or If,after notice by Lender to Borrower that the condemnar offers��make an
<br /> .r�� award or settle a cleim for damages, Horrower fails to respond to l.endcr within 30 days after the date the notice is given.
<br /> - -;, N.:>,: L.ender is authorized to collect and apply the proceeds,at its option,either to restoration ar repair of ttie Pmperty or tu the sums
<br />�'�`�`���^''.'_=-u� secured by this Security lnstrument.whether or not then due.
<br />�`,'`���" �Y'�� Unless l.ender and Borrower atherwise a ree in writin an a I�cation of roceeds to rfnci al shall not extend ar
<br />,y�'',''`.,:y';,;•:r�r,.•�� 8 8� Y PP� P P P
<br /> .:�aii;,..�;a;;;`� ' postponc thc duc datc af thc moathly payments referred to in parAgrapha 1 and 2 or chenge the amount of such paymenls.
<br /> �-..�.-�.:., •",+ 11.Barrower Not Reles�sed; Fotbearance By Lender Not a Weiver.Extension of the time for payment or madification
<br /> •�'?"a�'°��1f of amortization of the sums secured by this Security Instrument�rnnted by I.encler to any successor in interest of Borrower shall
<br /> �"•r not operate to release the liabilily of the original BoROwer or Borrower's successors in interest. L.ender shell not be required to
<br /> .�'�mi,�`�;" "' commence proceedinga against any successor in interest or refuse to extend time for payment or utherwise malify amorlization
<br /> �'�"�`"-'�` of the suma securc�i by this Secudty Instrument by rcusan af any demand nwde by the ariginal Borrower or Barrower's
<br /> �'�e�74� successors in intcrest. An forbeurance b L.ender in eaercisin an ri ht or remed ahall not be q wuiver of or rerlude the
<br /> ;.�..,,,.�.;,, Y Y 8 Y B Y P
<br /> ... ,,;w :_ , '' ezercise of any rlght or rcmedy.
<br /> �"�°"�""E�""'"" 12. Successonr pnd As.�ipa� Bound; Joint un� Severol l,labllllyi Co-slRnen�. The c�wenunts und ugrcemcnts; of this
<br /> . ���'N�1j.� .
<br /> �•~ '."' Security lnstrument shall binJ anci bcnefit the succexru�rh und ussignn uf L.cnder uixi sorrowcr, subject to thc provixionx of
<br /> ,,,,�,•,•,.;: paragraph 17. Borrower'� cavcna�its unJ agrecments xhull hc joint uml xeverul. Any &�rcower whu cn-signti �his S�xuriry
<br /> �.�..r Inswment but Jues nut ex�ute the Nute: (a) ir ca•,igning thiti Security Instrument only to monguge, grunt mid c�mey that
<br /> '• -.•� ::� Borruwer's interest in thc Prup�rty undcr thc tcrms uf thiti S��urity Instrumen�; Ib1 iH not perwnally obliguted tu pay thc sum,
<br /> .�+u+qa`.. �• . ' .
<br /> �3!+'i'�",° • secured by this Security Instrurnent;und(c)ugrees thul L.ender anJ un��other&�rrower muy ugrec tu extcnd, modify,forbeur or
<br /> ::, `�°n�." `. •�. • m�tke c►ny arcommadations with resurd to the termx of this Security Inslrumem or the Note without dt�t Borcower's consent.
<br /> �`" 13.Loan ChArge.s.If the loan secured by this Security Inrtrument is Qubject to u luw which sets muximum loan charges,
<br /> ��;p!:�';:'°.i�� and that law is finully in�erpretal sn that the intere�t or other loan charges cullect�or to be callectecl in connection with the
<br /> ' ' loan exceed the perniitted limits,then: (u)any such loan churgc shull bc reduced by the umount necessary to reduce the churge
<br /> �M�i�-.;.•;=�c-" to the pertnitted limit;and(b)any sums ulreudy collected from eorrowcr which exce«ieJ permitted limi�s will be refunded to
<br />_�,�;y�.,,_ .,- � Borrower. l.ender muy choose w nmke this refund by reJucing thc prinripal oweJ under the N��te ur by msrking u Jirect
<br /> •�,�' payment to Borrowcr. IP a rcfund reduces principul, thc re<luction will be treuted as u purtial prepayment without ony
<br /> . t�'a'1t���� .. ,,,„
<br /> .,,.,:.., ., .,.,� prepayment charge under the Nde.
<br /> '"' °"'�' l4.Notice.s. Any notice to Bc�rtower pn�vided for in this Security Instrumcnt shall be given by delivering it or by mailing
<br />. w.
<br />`: '�'� ' • it by first clnss muil unless npplicable luw requir�.s use oF anrnher metlxxi. The notice tihall be directed to the Property Address
<br /> ��JU-�: .;: .;,,..: or any other nddress Borrower dcsignates by notice to L.cndcr. Any notice to Lcnder shull be givcn by tirst clusx mnil to
<br /> ��""�"' � L.ender's Address stated hercin or any other uddresx Lender designute.by n�xice to Borrower. Any notice provided for in this
<br /> x��- " Security Instrument shnll be deemeci w have been given t�i B�xruwcr ar Lender when given u�provided in this par�graph.
<br /> �`r`�"� '��.�• •°- 15.Governin Lgw; Seversibflit 'I'his Securit In,trument shull bc uvcrneJ b federal luw und the law of the
<br /> �y„w. : � Y• Y 8 Y
<br /> � , jurisdiction in which the Pru�x:ny is locatcci. In the cvent thut uny pmvixion or cluuxc of Ihi�Security Instrument or the Note
<br /> „ -- "� �, conflicts wilh upplicablc luw, such c�xtflict tihall ni►t uffcct othcr provisionti of Ihi�Scrurity Instrumcnt�ir thc Notc which can Nc -
<br /> ��_:,�,;.. •; given efl'ect withnut the rontlictin�prrni�ion, To thix end the provisions��I'�his Serurity Instrument and the Nute ure declarod -
<br /> • to be severnble.
<br /> ''�°' . 16.Borrower's Copy.Borrower shull be given imc conti�rnn�l rnpy uf Ihc No1c and uf this Security Instrumcnt.
<br /> Form 3028 9/80
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