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<br /> �;�--�i,�O'!�� �. ' • ' .' ' A,,y_-
<br /> e insurauce coverage(in the amoauit and far me peaiod , •-'�"
<br /> PaY�eats may no longer be requised,at the option of Lendea,if mortgag , T -.
<br /> thai Leader requires)Provided by an insurea apProved bY I.ender again be�omes available and is o��ed Botrowea shall PaY the . , ,�,:�,
<br /> � pm,a►iams recl� tn maintain manga8e ins�uance in effect. or m grovide a loss res�ave.until the recluirement for mortgage . �-
<br /> insurance ends in arcordance cvith aay cvritten agreement tsetween Borrower and I.ender or app�c�ble law.
<br /> 4.Ins�nn. Leader or its agent may make reasonable enuies upon and inspe�ions o€tha Property.I.endea shall give . .
<br /> �•, �
<br /> Boaower notice at[he wne of ar prior w an inspaction sge�fYu'&�nable rause for the inspection - • . - ',_ � - .
<br /> 10.Condena�s4laa 'I�e pmceads of any awmrtl or claim for damaSes,d'uect or consequential,in connection with any ,�� ., , .
<br />^� condemnation or other tal�ng of any pact of tbe Property,or for conveyance in lieu of condemnation,are hereby assigne�and . . •: . .: . �,�_
<br /> shall be paid to Lcudea. � �'�
<br /> a w the sums secured by thi4 Secu¢lty Instcumea�
<br /> In the event of a total tajdag of the ProPartY•the proceeds shall ite applied m whicd the faa t�aticet . �:..-. ?�
<br /> ahetha os not thrae dne.with any exccss paid Lo�oaowea.In t�e evea►t af a pacdal ta1dng of the Prop�rty' • _ .' -
<br /> • vatue of the PmpestY imm�y before the tsidng is equal w�r�.�:�than the amount of the snms secured by this Seauity . ..r � �`-• --
<br /> � ;�'-�f _
<br /> Insnmment uamediatelY before the �iag,untess Boaowa 2�ed Lea�. �thecwise agt�ae in vniring, tbe sams sec�red bY . . ,_.�'�-��:.�:.
<br /> Ins m � i�d by the fe�llowing fraerion:(a)the tnial amount of _-,--:
<br /> Security Instrument sball he reduced by the amouat of the pn�.s nitiP� before the ` -'�:�-�. _
<br /> the sums secured immediatelY before the taYing,divided by N)the fair market value of thti Property immedisielY .. '�
<br /> talc�g.Any balance shall be paid w Bormwea.In the event of a paatial taking of the Propeaty in which�he fair macicet value of the � ,:=�--
<br /> l� �y�.:..:
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<br /> Piopeny immediatelY before the �lCing is less than ihe amaunt of ti�e s�s secuzed immediately 6efore the taking, unless . ;; �,�:�=: -
<br /> B�owu and I.eadea othe,rn+ise agree in wriu°8 ar unless�PPlicable law�7�rwiss provides,the pmceeds shatl be applied w the , . ,... }
<br /> ��, �-
<br /> sa^`°s sacuted by this SecuritY Instrumemt whethea or not the s:�s are theia e�h:.�. �. �*•; `�--.°
<br /> �£�e Prop�ty►is abandoned by Boaower.or if,after navx by Len�a m Borrowea that the condemnar offers to make an `;•�'�_�'-� -
<br />' aaard or settle a claim for damages,Bonowea fa7s ro respoud r�Lender with�3U days after the daie the notioe is given,Lender ' . ::,�., -_-i
<br /> the ai its option,eitha w resta�non or re�air of the Propeaty or w the siuns secaued :. �'�- . .': :��-'�; -` :`
<br /> is autharized tn collect and aPP1Y P��• '�---
<br /> � by this Seauity Instrumee�t,whether ar noL then dne. : '-�-� <
<br /> Unless Lender and Baaowea oth�wise ag�ee in writing,a�'aPPlication of pcoceeds to principal shall not extead or posqx�ne .,r��r.;,.��
<br /> refemd w in�s�and 2 or ci�ge the a�.^�ant of such PaYa►ea�ts. � `;'�y�`,R�;..;.� � • : _
<br /> the due date of the monW1Y P�� - -
<br /> 11.Borrower Noi Itc�sed;Forhearance By LeadEr:��i a Waiver. Exteasion af the time for paym$ut or modifcranion �;r,�ts}�.�. . ,, .�."-,.
<br />. .`� .•r,-�..h;: .
<br /> t b Lender to any sitocessor in interest of Bormwer sball , 1,,r�� ,,; .
<br /> � of amazGZZauon of the sums seaued by this Sea3sity�� 8�� Y .`.''�,.r, ' `'� ,'. '
<br /> z a' in interest.Leuder sLall aot 6e requued to •. ''��
<br /> ` � noi opeaate to reiease the Iiability of the origin�d fBQra�ares ar Bouowe�s successois :.'-.•,��';� � '; -
<br /> , camm�ce praceedm8s agams�a�►Y suocessor m inter��rdr.�s tn extend omne for payment or otheiwise modify amarti�ation of ,,f;;�;T• �`,';,_.� '��'
<br /> b this Secasi Insunmeat b r�ap�as��mand made by the origiaal Barrowea or Barrov�er's successfl�s 1���x'.`;�:-. ''�';�.::� `--
<br /> , dr:s¢ms secured Y rY 7' '-�/Y„�Y�;;;'. !�; --
<br /> in in�Any foibearance by Lendca m eac e r c l s�g aa9 r r,�:+�remed y shatl not be a weivea of or pseclude the eaceacise of anY •1Y� ;,,.• 54. ::....�
<br /> �;�� n8�°aremedy' . .t..�: , �i,�,�,�•�� _
<br /> 12.Sgoae�rs aad Asslgns Bouad,Jousk�1 Sga�L�b�t4yt C�ners. 1l:e covenaatv and agreea�►eats of this ,;�, �-:
<br /> •�s subject w the pmvisions of �;-.
<br /> S2�ity L�sunmsat shall bmd aad benefit the successa�s;us��agsigas of I.wdar aud Brnrowa, � :� .___
<br /> V.� p��pb 17. Boiroweac's ooveaants aad agrecmenis sna� be joint and seve�al. Any Ba�maea who co-signs this Security _ ��. i;�`�:, i
<br /> e .
<br /> this S�it}�Insuument anly w mort�ge.b�ra°t and convey tbat
<br /> �-`� Iw�m?�nc b+�i+!!�:s ru►t execvice the Not� (a)is co-sig�►8 obli w ti,e s�s � •_,�-;•
<br /> under the trams of this Ser�uity InsuumeuC N)�not peasonalll► S�ed PaY . �.,_-:_,i ,
<br /> ;'; Bosrower's int�esi in 1he PrnP�Y -
<br /> ,,;::f sactued by this Secnzity Instcamen�and(c)agcees that Lendex and any ottter BnYmwet tnay ag[ee to ex�d,modifY.forbear or ; ,,•��-:n�'.�.Y{ .w_.
<br /> r.�Ye at►y accAmmodarions with rPgard to the trrms of this Se�uriry Instrunaent or the Note without that Boaower's conse�i .�.:.s.
<br /> � ' 13.Loan Charges. If the loan seraaed by this Securiry Ins�ament is subject w a]aw which sets maximum inau charSes. _ _
<br /> � ��at law is fu�ally interpretod so that the�t or othes loaa cGarges wllecxed or to be coIIected in aonnecdon arith the toaa .��.-�,,,; ,:
<br />' '<:�� eaceed the pac�ted limits.then:(a)any svs�4 toar,charge shaU be reduced by the amoant nocessa�Y w reduca the charge to tLe -"
<br /> �°;h �mitted 1imi�and(b)a�►Y sums a}ready co�r;�tmm Borrower whi��ia�ded pe.�aiued limits a�l be refimded w Bwrowa. -- - --_
<br /> • .;._,�„ .--:._.
<br /> Isi�+r may choose w make this nfund by ce�Y:sBng t� �+r;napal�r:,�i���ndez the Nat�e or by caai�wg a d'ue�t paYment to �
<br />� �. �4 B�rower.ff a refund reduces prL►c�pal.che mdur.�a:t�i3I ise 7reated as a pa�ial pre,paYmea�t without any�aymeat charge " t _ --
<br /> ro �u �'-
<br /> � unQer the Note. .,_.�,.�—
<br /> �.:;• 14.Nottce�. Any notioe w Bmrower provided for nn��is Secusiry Instrument shatl be�iven by deliveliag it or by cr�7ing it ;�� ����Y �° .,
<br /> by fast class mail uailess applicable law requ'ues�se of another method.Tha notice shall be directed to the Propeaty Address or �s,�
<br /> any oth�address�orrowea designates by noticce to Lettder.Any notice�Lemder shall be givex�by 6zst etacg mail to Lemda's ��;�_„1.:.�:�;^�'. �.,°..
<br /> e
<br /> '�.tr' �ss stated heaein or any other address Lendei de��by norice w Borrower.Aay notice provided for in tLis Security �� '' ;�,-�,�:
<br />' �I..:��eat sha11 be dee�ed w have been given to Borra�ucr�sn Lender when given ag provIded�this paragrnph. . '.�_:: . ._-'
<br /> 15.Ga�rssmg Law;Severability. 'It�i9 Seauity Is�suument shall be gov�ned by federel law and ttte law of the ' ;+.:.,,�,;..: .. r,--
<br /> �?.., j��n���ich the prope�ty is tflcated.In tha event tLat any pravision or clause of this Securlty Instrument or the Note �:,��.-;a—
<br /> ,;:,Y�. .
<br /> oar:lL.cts arith applicable 1aw.such conflict shall not af�'ea ather grovi�cm�mf this Security Inst�ument or the Note which can be :;'����'
<br /> �rr,!�::�r.,.�,_{.n,
<br /> ��m effect withaut the co�flicting provision.To this ead ti�e provisia�s aF this Secu�i�+inst�wment and the Note are decla�d to :r� �;::.._.�a
<br /> :i�:: �_ --..
<br /> be s�verable. .;;,; . . �. �
<br /> Form 5028 9/80 ,�re —
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