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<br /> . � '��:, � e�c,�w��e�('m�9 amo�mt ana for the p�iad �< V.: '
<br /> . , payment�ffiay ao tonger be�equued,ai the opaon af I.ender, mortgag e� .
<br /> ' . � ` tLat L.�der reQ�I�es)Provided b!+an ins�u�aPProved by Lenda ag�u►becomes awa9lable and is obtaiaed.Borrowu s6all pay the , •
<br /> ' � pie.mivms requued ro mamtaui mortgage insuranc$in effect,or to provide a ioss resavc,gat�the requaemeat for moitga8e .
<br /> � � msurance ends ia accordanoe with any wriueo�t betwcen Boaower and Leader ar applirable taw. "
<br /> . . 9.Ia5padIon 1�3er or itss agent may matce reasunable eauies upon and insper�ions of the Pcorpaty.I.endea shall give ' L .�
<br /> -- - � - Borrowet norice at the time of or ptior to an inspection specifying reasonabie c�se for t6e mspec6nn. � `.. .
<br /> °- , 1�.Cvndemnadnn. 'Ihe piooaetLc of any award or claim for damagea,dire� ar consequeatial, iu cannecaan wirh any . s: ,::: .:..r-. .-:.-.:
<br /> - -- - � condemnafion or othar takmg of any part of We Property.or for wavepance in Heu of candemnation,are hereby assi�ed and - _ - -
<br /> , shall be paid w Le.rtder. . : -
<br /> � 1n the eveat of a wtal taTting of the Propeny,the pmceeds shaU be applied m the smns secured by t8is Secarity InsorumenL , . . . •
<br /> ' � whether ar aot ttiea dae,with any excess paid w Boaower.In the eveat of a partial taking af the Propaty ia wbich the faa market .�' _ :t.
<br /> value of the Raperty imme�+�are�y before the taking is equal to or greater tl�an tDe amomrt of ahe sums seuued by tbis Seaairy �- •.. . _
<br /> . In�umeat immediately 6efore me takiug,untess Borrowea and I�ender otheawise agce�in wriiiiing,dee s�s secured by this �- � ,�� �
<br /> � ,' Secarity Instrnment shari 6e ceduced by the amouni of the proceeds muiti�lied by the foUowing&ac6nn:(a)the Wtal amonnt oE �..:�,,- :".-�
<br /> " the sum4 secuced �media�IY before the taking,dcvided by @)1he fair market vai8e of the Property ima�ediately 6efore t6e . • •-.,.��;
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<br /> • taIdng.Any balauce shaII be paid tn Bouower.In the eveat of a par�ial talcmg of the Propeily m whic6 the fair m a r ket v a lQe o f We . :�:_�;�,��:.
<br /> � , _ Prope�riy immeQiaiely 6efore the mldng is tess than the amonnt of the su�as se�a�red 'unme�afely befare the�g, anless
<br /> ` � Baaawa and I.e�der oi�emise agtee m writing ar unless applicabte Iaw othera�ise pravide.s,the proceeds shaU be applieed to the _ _ _
<br /> ' snms ses�aed by this Sec�iry�nstnunent whethca or not the snms aze tl�due. ' e_
<br /> � If the Propaty is a�doned by Baimwer.or i�aftra no�oe by Lender to Bamnwer that the candcannor offers to make an ; �� . _.
<br /> . • awaN or seule a claim far d a m a ges,Barmwea f a�s m respo n d t o I m d e r w i t h m 3 0 d a y s a f t e r t h�d a t e d i e a a t i c e i s g i v e n,L a t d e r ,+�';��'•r : -
<br /> � of the ar m ihe sams seaued . ,`:�. ,;-,�,�
<br /> . . . • is aurhosized m coIleCC and a�pty the p�ds,u rts oprinn,either co iesraiario�or repair Pioperc3► ,.�<-. ` ?_ �-�r�°
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<br /> by this Secarity Insorument,whet�ea or not then due. �- :',� '� �=;
<br /> . LTnte�Ixader aad Boaower otherwise agree in writing,anY apPlication of pmceeds tn�al shaII not eatead or postpone �,.,�'.�r s:�..• -,;,�,
<br /> � ;.��-
<br /> � t6e dae dare of the montblY PaYments refedred w in para�apfis 1 and�or chauge the amom►t of sach paymwts. � ,,,;..'.j, ,�:��M�r!
<br /> � � 4 ' . 11.Borrawer Not Release�;Forbearance By I.ender 1►Jo!a Waiver. Ext�ion of the wne f�payment or modificarion _. ����, �
<br /> . _ of amo�on of the sams seaaed by[his Secvray Ins�mment g�anted by Le,nd�w any successar in iaterest of Sorrowea sLall � . - � �•_�•�
<br /> . ' • ` �� not apeiafe m release the liab�ity of the origina4�ormwea ar Bosrower's suxessurs in intraest Lendes shall not be reqnued W ���''
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<br /> .. commence pmceedin&s against anY succ�aI m intexest or ref�se w exta�d time for paymeat or otheiwLse mndify amortimtion of �. ... ..„��.
<br /> . � , the saras s�cared by this S�ariry Insuame�t b reason of any demand a�ade by tLe original Bomnwa ar Bo�wa's saccesso�a � �f•.
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<br /> in interest.Any farbe2arance by I.endea II►e�cercisu►g aay right or remody shall not 6e a waiver of ar pre�Lide the cacercise of any . _
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<br /> .(... � , ilght OJ ICmCdy. Ks'.�:;
<br /> ` , 12.Sncceasors an�9 Asti�igns Bonud;Joini aad Several Liab�Ity;Co-sign�rs.'Ihe covenants and agreancnts of this . , .`��;,��.:
<br /> . � ' - � Seaaity Iast�ument shaU bind and beae6t the successors and assigns of I.�ded and Bomuwer,snbj�x to ihe Iuuvisions of . � '���'':
<br /> .. , paragtaph i7. Barrower'a coveaants and agreema►ts shall be jo�t and seveaal. Any Honower who co�signs this Secutiry ; ��!,�`
<br /> ,- - ' Insbrament bnt daes not e�c�the Note: (a)is co-si�ing dils Security Insaameat only to mortgage,�rent and arnvey that �`-'=".-
<br /> • ' SnaowePs int�sl.in the Piopeny undex the u�rms of this Seauiry Insuumenfi N)is not p�sonaIIy obligated w pay the s�uns .,_�'�'!��_
<br /> . ' seaucd by this Se�auity Iastrumenx and(c)agrees that L�ender and any other Barrower may a�ee tn e�ct�d,modify.fo�ar or .''.:'�" ',� -�-
<br /> .. �.� make any accommvdaiioas wiib re8ard W the tenns af this Security InYaument ar the Note without that Borrowea's cons�t , :, ,;�`�"
<br /> 13.Loan Charg�. If We loan secured by this Security Insmiment is sabject to a law which sets maxim�toan charges, .; .� � �'�g:
<br />. .. � �..ti and that 1aw is finally intapreted so that the interest or mhe.r loan charges collected or to be collected in connecoivn witb the 2oan ,
<br /> � , exceed the pe�miued timits,th�:(a)any such toan charge shall be reduced by the amount nece.ssary to aeduce the charge w the . �-
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<br /> � � -� peamiued�rnit;and(bp a�►Y sums atready cullectEd from Barrower which exceefled permttted timita will�Se�efuaded w Bonawa. � ., .. ::.�,
<br /> �., . , '�� Lender may choose to make d�is refuud by reducing the pcincipal owed undea the Note or by makimg a direct payment W .. '.:. �:,F:_-
<br /> Borrowe.r. If a refaud re4nces pm�cipal,the reducdon will be tteated a4 a partial prcyayment witttout any pre�paytnent ch�ge ''-f
<br /> • . .; under the Noto. • . _
<br /> � � 14.Aloticea Any notice w Borrowex provided for in this Seauiry lnstrument shaU be given by delivexing it or by mailing it ;: .
<br /> ; . � , � by fust class mail�applicable 1aw requires use of another method.The notice shall be directed to the Pr�opeay Addre�ar .
<br /> . any other address Bor.oarer designates by notice w Lender.My notIce w Lersde,r shaU be givea�by fust class mail w Lender's .
<br /> � � �� address sateA herein or any other address Lcnder designates by notice to Bonower.My naticc provided for in tbi�Secuihy _ :
<br /> � Instrumer+t shall be deemed tn have bee.n given to Borrower or Lender when glven as provided in this paragraph. '�_
<br /> : i: � ..1 15.Governing Law;Severabitity. 7tris Security lnstrument shall be govemed by federal law and the law of the � ;. :
<br /> f , jurisdicticn in whicb che Property is Iocated.In the event that any provLsion or clause of this Security Insuument or the Note
<br /> � ' conflicts with applicable taw,such contlict shaU not affect other provisions cf this Security Instrument or the Notc which can be - .
<br /> � given effect vrithout the conflicting provision.To this end the provisions of this Seauiry Insuument and the Note are declared to ..
<br /> � bc severable. � . � . .
<br /> � � Form 8028 9/80 .
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