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<br /> :}` ' ''�� paymems nuiy no lo��gcr bc rcquircd,ut thc optiun��f I.cndcr, if martgagc insurancc rovcrugc (in thc itmaunt und ror thc pericxl
<br /> . � that LenJer rca,uires)providcd t+y an insurer appmved hy Lender ebain hecomec availahle and is c�btained. Bnrrower shall pay �
<br /> , the premiums required to maintuin mortgiige insurance in cfFect,or to provide u loss reserve,until thc requirement tor m�mguge
<br /> °n;,.y�� iu.wu�«c��id.i�i u«�ndan�c�ritti ui�y writtcn agrccmcnt bet�ccen 13orrotir•cr and i.cndcr or applicablc law.
<br /> _ 'n='..,:.- 9, Inspeciion. L.ender or its agcnt mny mukc rcasonablc entrics upon and inspectiuns of the Property. Lcndcr shaU givc
<br /> Borruwer notice nt die time af or prior to an inspectian specifying reusonuble cuuse for the inspection.
<br /> 'y�� IU. Candemnntton. The proceeds of any nward or cluim for damages, dircet or consequential, in connection with any
<br /> r'^ ' condemnation or other taking of any part of the Praperty, or for conveyance in lieu of condemnation, ure hereby assigned and �:
<br /> ,'. shall bc paid to Lcndcr.
<br /> ,� • ". In tfie event of a total taking of the Property,the proceeds shall be appliecl to the sums secured by this Security Insteument,
<br /> whether or not then due, with any excess paid to 8onowec In the event of a partial taking of the Properry in which the fair _
<br /> ' � ����`?� markct value af thc Property immediatcly before the talcing is equal to or greater thun the amount of the sums secured by this
<br /> -�r-��-� ��.�v'� Securit{�Instrument immediatel�/before the takin�} unless BaROwer and Lender otherwise agree in writing,the sums secured by _
<br />:.�.F�l.���� ! ! O• _
<br /> :;"�i��}•ti:9T, this Security Instnrment shall be reduced by the cunount of the proceeds multiplied by the foUowing fraction: (a) the total _
<br /> •:�~-,r ,_,-,, amount of[he sums secured immediately bcforc the taking, diviJed by (by the fair market valuc of the Pmpeny immediately _
<br /> �°��Y�y��;�r�c before the taking. Any balance shall be paid to Borrower. [n the event of a partial taking of the Pro�erty in which the fair °
<br />��t-� .:" } •� market value of the Property immediatcly before the taking is less than the amount uf the sums secured immediately beforc the _
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<br /> ---�.r-:�,t;�• taking, unless Borrower und Lender othenvise agree in writing or unless applicable law othcrwise provides, the procceas shall �
<br />_�'�`� be applicd to the sums secured by this Security Instrument whether or not thc sums are then due. �;
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<br /> _�,�� If ehe Property is abandoned by Borrower, or if, after notice by L.ender to Borrower that the condemnor offers to make an ;._
<br /> `` '+�` award or settle a cluim for damages. Borro�ver fails to respond to Lender within 30 days after the dute the notice is given,
<br /> v,,.l.��,#c::'a� __
<br /> .,y,.,�j-_,-,-9� Lender is authorizrd ro collect and apply the proceeds,nt its option,either to restoration ur repair nf the Propeny or to the sums _
<br /> -=��TM��� secured by this Security Instrument,whether or not then due.
<br /> '�'°"`�''-`"� Unless Lender and Bunower othenvise agree in writing, any application of proceeds to principal shall not extend or
<br /> --`"��T3:e nr.'f�
<br /> f{q� postpone the due date of the monthly payments referred to in parufiraphs 1 and 2 or change the amount of such payments.
<br /> �li�i4�'.T�T,51� s a__ar_ sfr ul�..;�m� vmn t n► nro}
<br /> _ - ii.nurrower ivui Feeie�u;ed; iuri�urnucr Dy u�iur� �.ui A ..ai.2.-.E::t���si:.r af . f�:�s,.. n m�i� !an
<br /> -=�b�'`°� of amortization of the sums sccured by this Security Tnstrument granted by Lender to uny successor in intcrest of Horrower shall
<br /> ��"�_��°:� not operate to release the liability of the original Bonower or Borrower's successors in interest.L�nder shall nat be required to
<br /> ��:=:�e�. commence proceedings against any successor in interest or refus�e to extend time for payment or atherwise modify amortization _
<br /> - - of the sums secured by this 5ecurity Instrument by reasan of any demand made by the original Borrawer or Borrnwer's -
<br /> __--_ .' successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> --"--"— exercise of any right or remedy.
<br /> -_ --_� 12. Successors nud Asslgns Boand; Joint and Several L,iabillty; Co-signers. The covenants and agrcemen�s of this _
<br /> — Security Instrument shnll bind and benefit the successors and assigns of Lender and Banower, subject to the provisiuns of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Securiry
<br /> -- • Instrument but does not execute the Hote: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> T3orrowcr's interest in the Praperty under the terms of this Security Instrument; (b) is not personally obligated to pay the sums
<br /> securcd by this Security Instrument;and(c)agrees that Lender and any otlier Borrower may agree to extend,modify,forbear or
<br /> -� make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> -- . 13.Loan Cl�arges.If the loan secured by this Security lnstrument is subject to a law�vhich sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or other loa�i charges collected or to be coflected iii connection with the
<br /> l�an excee�the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the chnrge
<br /> .T T co the permitted limit; and (b)any sums already collected from Dorrower which cxcecded permitted limits will be rcfunded to
<br /> `� � Burrower. I.ender may choose to make this refund by reducing the principal owcd under the Note or by making a direct
<br /> payment to Bonower. If a refund reduces principal, the reduction wiU be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> .— 14,ldoi�ces.Any noticc to Bonowcr provided fQr in this Security Instrument shull be given by delivcring it ur by malling
<br /> "� it by�rst class mail unless applicable law requires use of another method. The notice:shall be directed to the Property Address
<br /> or any other address Borrower designutes by notice to C.ender. Any notice to Lender shall be given by first class rnail to
<br /> = Lender's address stated h�rcin or any other address Lender designates by notice to Borrower. Any notice providod for in this
<br /> ____� Sccurity Instrument shaU be deemcd to have been given to Borro�ver or Lendcr when given as providcd in this parngraph.
<br /> - ----- 15.Governing Lu►v; 5cverabi!]iy. This Security Instrument sh3ll bc govemcd by fccleral law and the law of thc
<br /> _--—= jurisdiction in which the Property is lacated. In the event that any pmvision or clause of this Security Instrument or th�Note
<br /> -�"�i�! � conflicts with applicable law,such conflict shall not affect other provisions of tiiis Security Instrument or the Note which �n be
<br /> �-��� given effect without the conflicting provision. To this end the provisions of this Security Instrument und the Note are declared -
<br /> -�,�� to be severable.
<br /> "'=_x�t!1`'•��� 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security lnstrument.
<br /> --- ��`� Form 3028 �J/80
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