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<br /> • 9. Protection ot Lender's Righta tn fi�s PPO�erly. tt earrower racs w aenorm tne cov6nants ano a�reem�ns `_°, ;`�';:�4;-;Y': .:
<br /> • conta�ed tn this SBCUr3Y Nstrmnen�ot there Ls a iegal Droceed4►9 thffi muY sTgr►ifleanul►eflect LenQefs r(ghta in Me PtoSeR!/(such as �`,:`�``<.`. ;;•°`;.,`:=
<br /> r•.- .�� . -��+'� - a DmcFeding 1n 08niwP�Y.Probate.Por conQemnatlon or torfe4u�or to�toree faws or cegutatlonsl.then Lendsr may do end Day(or .. .. :�.-.'2� �,��
<br /> ' � -• ' whatever fs necessacq to protect the vade ol the ProPertf►and�endefs rfgAts �Me ProDeKY• Lender's ae8ons may tnctuds paying ��: . :.;,�.� . �..,_
<br /> , • any sums securad by a U� wh�h pas O��Y over this Secur3f►tnsbwnen�eAP�9�cauA.PaY�g reasonab�ettomey'S feas and ; .-.
<br /> ''` ' entemg on the ProPerh to maka reAa�s. NMough Lender may talce actian under this paraSraPn 7.Lender Qoes not have to do 80. ` � �`�
<br /> , • My amounts d�sbursed by Lender und� tt�1s pareBraDh� shall beeome add�tonal deDt ot Borrower seeused by this Seeur�► : ', �
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<br /> " tnsuument Un�ss 8orto�rer end tsnder agree to other terms ot paymen� these amowrts shaU bear inte�est¢om tho Qate ot :
<br /> � �� disbursement at the Nate rete end sRall be GgYebfe.w3h tntecest.uPon noUee trom lender t�Bartawer re4��g 9af�ent � , "<<�(",',.�;
<br /> A.'. ' 8. Mortgage Insura�c� If Lender re4utred martgage insurance as a cond�ton af makin9 the[osn s�ured Dy tAis Sseu�y ' •
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<br /> �,° ` �� �� Insuument, Borrawet sha0 Pay tt�e p[emiums ratNheA to maintetn fhs mortg88a 6tsur8rtca tn,etfect It.tor en!► re9sart.the mortgage . .
<br /> `�,:=-:,�`,^ ins�,ranee ee,rerage�equRed by Lender tepses ar eeases W be iA eHeet.Borrower shad pay the P��s tequtred to obtaln covarage � � • ��
<br /> ,;.``"°':. `--�� substa�atN eQ�tvaler►t to the mortga88 fisurance P��►i n e ft e c t.a t a c o s t s u b s t a n U a Q Y e Q u t�a t a n t t o t h e c o s f t o B o r ro w e r o f th0 .
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<br /> -- mortg�e insurance prsvt�sty t�eAe�l.kom en aRemate rrartgsge �suret ePAroved E�► Lender. U substantiaIIY equ�nt m°RS°Sa _`' _
<br /> � . \ i r � insuranee cme�aSe is not a v a II a b t e. Bortower sha0 pa y to Lender each month a sum equsl to onatwetfth of the yeaM mortgaga _ � t` ,; •
<br /> . insurance Premium being patd by Borrower when the(nsuranca cavataSe t�sed or eeased to ba In effect. tar�der wID ecoePL use end � � .,` , .:t `.
<br /> ` retatn these PaY++�eets as a loss resanre in Geu of moRSaBe Usurance. Loss reserve pallments maY no longer be re4Uhed.at the
<br /> _ m . aption at Lender. rt mor�a9� insrmance covera9e (tn the emount and for the Oedod that L�sder requkes) Pror(ded bY an insurer � . _: 4 :,w,l,
<br /> _ apprpved by Lender e9a6� becomes avaitabie end ts obtatne0. 8orrower sAall 08Y the P�� �eQ�iced to maintatn maRgags `,�° ._: -y;.�.
<br /> insurance in eflect, or to previde a toss reserve. unt7 the requhement far mortgage insurance ends in accordsnce w8h any wr�ten V�. �',-,
<br /> ' � � � ;� agreement beiwean Borrower artd Lendet or appilcabls�aw. -�-�'
<br /> ' ' 9. Ins�ectton. Lsnder or�s a9eM maY make reasonabie entries upon and tnspectlons of the PropeKf►. lender shaA 9t+re .'`. :'` -�;��:a-; :
<br /> Borrower notice at the tUne ot or prtor to an InspecUon specnyln9 reasonabt�cause for tne inspecUon• ' _�
<br /> 10. Condemnatton. The proceeds of sny award or ciatm for clema8es. direct or consequenUai, tn conn�ctton wBh 8ny
<br /> � . condemnatton or other taking ot any part oT the Property.ar for canveyance tn Ifeu of condemnaUon,ere hereby ass�ned er�d sha0 be
<br /> _ paid to LenQer. ', - _
<br /> .� ,�.�,. � - tn th@ event o!a toffi1 tek6ig of the Property.th0 proCeeds she11 be 8pp�ed W the sums seCUted by thLS S�u�!► ��me� ..�:"... --
<br /> whether or not th�due,wftb any excess PaW to Bolrower. In Ne avent of a paRfal taking of the Pmperty in whtah the fatr maAcet :', ,...�i, _
<br /> • _� " -' vaNe ot the PropertY immediatery before the taking ts equal W or greater than the amount of tha sums secwed by thts Secur�Ty -...., ..�-..--
<br /> , . . r`zy.:- instrumant fmmedtatety 6etore the mkU�9.un�ss Bocrower end tender othecwtse e9ree tn wrdln8. the sums se�u�ed Ey thts S�ur@y �, .:-...g.,�-_-
<br /> ' Instrument sha0 be reduted by the amount of the proceeds muftipGed by the foUowtng tractlorr. (a)th9 tofai emount o4 thA sums r„'
<br /> secured immediatery 6etore the takfig, divided by(b)ths fah market value of the Property tmmediatey bstare Me talcing•AnY balence �,a -
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<br /> ' shail be patd to Boaower. In the event of a partfal teWnB at the Property in whtch the fatr maAcet vatue of tt►e Property immedFately . "F;`� •;-.
<br /> • � pefore the tetdng is fess than the amount ot the sums se�ured fmrt►edlatety betore the taking,unless Borrower and LenQer otherwl5e , • � J'^�_
<br /> "_ . .� . � agree tn vm'ting or untess apPiicabte ffix► othervvtse provides, the proceeds st�aU be apPUed fo tha sums secured by tAis Secur�Ty .— ��i
<br /> ' � � instrument whether or not th9 sums are then due. u.'` �� -�--—'
<br /> • if the Properry is ebandoned Oy Bartower.or ff,after notke by Lender to Bortowet that the condemnor oHers to make an award or „•����-,,=��
<br /> F �' ., settte a ciaim for demages.Borrower ta�Ts to cespond to Lender wfthin 30 days after the date the notice!S given.Lender ts suthari�d ._ _ � -
<br /> . . • • to coitect and apPty the proceeds.at tts npUon.eRher to�toration or reAatr of the Property or to the sums seCUred by this Secur�lr ��'��"• +>_ --
<br /> �'`� ' Instrument,whether or not then due. � '�'"
<br /> � ' Untess LenQer and Borrower othenvise agree(n wriUng,any applkatton ot proeeads to prfnclpa!shell not extond or postpone the ` ,ra� �:.�—.
<br /> � due date ot the monthry DaYments�eferred to fn para�apfis 1 and 2 or change the amount of such payments. • ���'-`
<br /> ' � � .��; 11. Borrower Nat Reteased: Forbearance By Lender Not a Wa[ver. Extension oi u�e s�ne ror payment or `� ' ;<�
<br /> � � modificatton ot amoRaaUon o t t h e sums s e c u r e d b y this Secur i ry tnsbument granted by Lender to any successor(n tnterest ot Boaower ; "„,:.�::..;__�
<br /> � �-�- '' sha0 not operat9 to release the Habitity ot the odgfnel Borrower or Borrowets suCCessors in fnterest. Lendor shaU not be ce�Ued to _:.�°��
<br /> ' ` commence proceedings agafist anY successor in fnterest ar retuse to extend ttme for payment or otherwise mod'dy emortimttan of th9 • ' . ��r_:
<br /> _ ��_� .
<br /> sums secured by this SacuritY Insuument by reason of any damand made by the origtnal Borrower or Borrowers successors in �:.��,
<br /> ' interes� My focbearance by Lender in exercising any right or remeQy shall not be a walver of or precA�de the exercise of Bny righi ot '� �.���_�_.
<br /> , ' . remedy. . .�-
<br /> � �� 12. Successors and Assigas Bound; JoJnt and Several Ltab9lity;Caslgnera ine cavenan�s ena . •�.�;:
<br /> '� . agreements of this Secufity Ins�trument sAetl bind anA benefit tflo suceessors en0 essh�+s ot Lender an0 Borrower. subject ta the
<br /> ....�
<br /> ' � • provlslons of paragraph 1�. BoROwers covenents and agreements sha0 be Joint end several. AnY Bonower wha Co-stgns thts Securtty ;,x:
<br /> Inswment but Qoes aot execute the Note: (a) is co-slgnEng this Secu�yr tnsAvment ony to mortgage, 8raet, an0 convey that . ,f
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<br /> � ' �� 8orrowers interest In the Property unQer the tertns of tAis Security tnstrument;(b)is not personally obllgated to pay the sums secured .._:...�
<br /> `'= � � - by tAt� SrCUrih/ inslrttmsnt pnn tr,�agrees that Lender ana any other Bortower may agteB to extenA, moday.toi0ear or make any � .
<br /> • '. ,�`; accommodaUons wfth regard to terms oi thi�Securiry Instrument cr the Note without that BoROwers cansent
<br /> . 13. Loan Chargea H tho toen seCUred by thTs SeCUrityr InsWment Is subjeCt to 8 law whiCA S6ts meximum toen Chatges,
<br /> •• and that taw is finaly mterpreted so that the interest or other loan charges collected or to be coitected N cannectton wRA the loan �.,. .' _
<br /> ' � ���� exceed the pertnRted Itmits, then; (a)any such loan charges shalf be reQuced by the emount necessary to reduce the charge to the :
<br /> � s permilted Qmi� an0(b�eny sums a4ready colfecte0lrom Bortower whlch excsede0 permitted limtts will be�efunded to Borrower. Lender • . „
<br /> � � may choose to make thts refund by reduclrtg the principal owed under the IVOfo or by makin9 a dUect payment to Botrower. If a
<br /> � " reiun0 reduees pMclpal,the reQuctlon wlil ba treated ss e pe�tia�prepayment w8hout any prepaymsnt cAarge un der t he Note. . �
<br /> ' 14. Noticea My notice to Borrower provided tor in thls Securiry Instrument shall be gl+ren by dellvertng it or by meIMB ft by � - � � .
<br /> " lirst class maJ untess applicabie law requUes use of enother method. The not�e shall be Cir�eeted to the Property AQdress or any . • � •-
<br /> � , . other adQrsss Borrower designates by notice to Lender. My notice to Lertder shatl ba given by f�5t ciass mail to lender's address
<br /> � stated herein or any othcr address Lender 0eslgnates by notice to Bortower. My notke provided for fn ihis Security instrument shell ..
<br /> • be tleemed to have 6een given to Bonower or Lender when givan as provlded In this peragrapA. ' .,
<br /> 15. Governing Law; Severability. This Secu(�ty (nsttument sh&0 be ¢OVemed by fedei8l fsw 9nd the Isw 0! tt�9
<br /> • jurisdiction in whkh the Pmperty is tocated. In the event that any provi9ion o�clausa of this Security tnsUument or the tJote eonflbts
<br /> � • with applicable law. such conflict shall not attect other provlstons of this Securily tnsVumant or the Note wh�h can be gtven eNect
<br /> � .� wrthout the contlkting provision. To this end the provislons ot this SeCUrity Insbument and the Note are deciared t0 be severabt9. . .
<br /> � 16. Borrower's Copy. Bortower sha0 be given one conformed copy o1 the Note and of this SeCUtity tnstrument. �r :
<br /> � t7.Tr�nster of the Property or a Beneticlal Interest In Borrower. n an or any part ot �ne aroDerty or any
<br /> interest N it Is sotd or transterred (or H a benefkial interest In 8onower Is sotd or Vansterted and 8orrovrer Ls not a natural Derson)
<br /> ' without LendePs prlor writtan consent,Lender may,et its option,requUS Unmedlate payment N full of alt sums secursd by th(s 8eeurityr �
<br /> � • � Instrument. However,this optlon sna�l not be exercised by lender d euerciSe Is prohbit80 by tederal(aw as of the date of this Security _ ;
<br /> Instrument.
<br /> �� I II lender exerCises this option. Lender shall givo Hortower notiCe of aCCeteratlon. The nottce st�atl Drovide a period of no! tess - •�
<br /> I than 30 days trom the date the notice is dstivered or maite0 wfthin which the BorcoL�ar must pay ell sums secured by this Securiry • •
<br /> j InsUument. If Borrower tails fo pay these sums prior to the expUation of this period.Lender may invoke any remedles permitted by this
<br /> � � i Fo�m 3028 8/80 � � ' .
<br /> • � � � Security Instrument without(urther notice or demand on Bonower.
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