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<br /> t th�o tion uf L.endcr, if maitgagc insunuicc covcragc(in thc amount and fWer shallrtui
<br /> payments may no longer be required,u P
<br /> that L.cndc„s rc�u�i s�P�n���Y a����v��r��purnnc�in effe ta or to providc� lo�s rc`scrl`a�u nl hc r1equireBnicnt far mortgnge [ 1.
<br /> the pre.m�u q
<br /> insurunce ends in accardunce with any written agr�k��i�abl�ent�r'�es�upon a Lin�pections of the Property• Lender shall give
<br /> g, ��spec�(un, Lcnder or its agent may
<br /> Borrower notice at the time of or prior to un inspection spoclfying reusonable cause for the inspection.
<br /> 10. Candemnxt�on. The pra�rt pf he Froperty,or iforf coiv eyu c e�in lieu of cond�nut an, are hereby a signed and
<br /> condemn�tion or other taking of rany p
<br /> shall be paid to Lender.
<br /> I�f the event of n totai taking of the Property, the proceeds shall be applied to the sums secured by this Sec:urity nst�umcn,
<br /> whether or not then��e, rti►h,�y�ately before the aking is equul to or greu pr th nt►hen mou t of the�.ums securad�by his
<br /> murket vnlue of the pe Y
<br /> 5ecuriry Instrume�n elnt�shalltbe reduced by the uamauntBofrtheeprt1oceed mEUltiplied�byathe foUmvingg racttonm(a�hco tal
<br /> this Security In
<br /> amount of the"umsAsecu�r��mm��l��p a�a�oW�eg'I► thee e c nt of tu part�al�k ngV f the P opertyp n which t�he fa�
<br /> beforc the tak g y
<br /> market value of the Praperty immediatelY befare the taki°S���ess than the nmount of the sums secured immediatcly before t e
<br /> taking, unless Borrowcr and Lendcr otherwise agree in writing or unless anplicable law othenvisc provides, the proceecis shull
<br /> be eppliod to the sums sesured by this Sccurity Instrument whether or not the sums are then duc.
<br /> If the Property is abandoned by Barr�wer,or if, after notice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a claim for damages. Bor�o`Her fails to respond to l..ender within 30 days after the date the notice is given.
<br /> T..e�xler is authoriz.ed to collect and npp�Y the Proce�s,at its option,either to restoration or repajr of the Property or to the sums
<br /> secured by this 5ecurity Instrumene��*+hether or not then due. a lication of proceeds to principal shall not extend or
<br /> Unless l..ender and Borrower otherwise agrce in writing, �Y h PP�2 or change the amount of such payments.
<br /> postpone the due date of the monthly payments referred ta in ParaB P
<br /> 11.Borrowei'Not Released+F°rbe��ran�By l.ender Not s Waiver.Extension of the time for payment or modiGcation
<br /> of amortization of the sums secural by this�ecuriry in�i�u,iic�i g:a�tt:��; r Pn.IPr to any successor in interest of Borrower shnll
<br /> not operate to t:clease the liability of the c�xig�nal Borrow'er or Bocrower's successors in intemst. Lendcr shall not be rcquited to
<br /> commec►ce pr+�ceed�ngs against any successor in interest or refuse to exiend time for payment or otherwise modifY un►ortizstion
<br /> of the sums secured by this Security Insaument by reason of uny rd hmaa � bsliallcnot'be a�er of orrprx�lude the
<br /> suc c e s s o r s in interest. Any forbeamnce bY�.ender in exercising any 8 Y
<br /> exercise of any right or remedy.
<br /> 12. Succe�� a� p��g�Bound; Joint and Several Lis�btlity; Co-signers• 7'he covenants and agroements of th�s
<br /> Securiry Instrument shall bind and benefit the successors and aointn and sevedra�r. Any��owerS h,o cu-s gns phis`Secuiity
<br /> paraBraph 17. Borrower's covenants and agreEmenGS shall be j
<br /> 'lnstrument but does not execute the Notc: (a)is co-signing this Security Inatnimcnt only to mcrtgage,grant and convey thnt
<br /> Borcower's interest in the Property under the terms of this Security Instrucnent;(b)is not pecsanal�y obligated to pay the sums
<br /> securod by this Security instcument: and Gc)agrees that I..ender and any other Borrower mny agroe to extend. modity.forbear or
<br /> make any accommoda�ians with regard to the terms of this�Instrument is subject roNa law which tlsets maxjmum loan cbarges,
<br /> 13. I.oan CharBes• If the loan secured by this Securiry
<br /> and that law is finally interpreted so that�e�such loan charge shall besrednood�6y�the amoun�nec ssary ta raluce chc harge
<br /> Ioan exceod ahe permittai limits,then: (a)any ,
<br /> to the pezmiated limit�and(b) anY sums already collected from Borrower which excecxfed permitted limits will be refundod to
<br /> Bonower. L,ender may choose to matce this re ncd�Y�h�°r�uct on pwill tbe treateduas ca part al tprepaymsntkw houdiroc�
<br /> paymcnt to Bonower. If u refund reduces p P
<br /> � prepayment charge under the Note.
<br /> 14.Notices. Any notice to Borrower provided for in this Security Instmmcnt shall be given by delivering it or by u►g
<br /> it by first C4ass mail unless applirable��w requires use of another n�ethcxl.The notice shall be directed ro the PropertY Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to L,cnder shall bc: givcn by fitst class mail to
<br /> Ixnder's address stated herein or any other address Lcnder dcsignates by notice to Borrower. Any notice provided for in this
<br /> Security Instrament shall be decmesi to have bccn given to Bo��nt rsh Ild bc �ove.m'cd by pfedcral lawhancla i e�aw of the
<br /> I5.Governietg I.aw'; Sererability. This Security
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of th+s Security Instrument or the Note
<br /> cov n�effec w holutathe conflicting prov�ision�To thisf nd the prorvi�ions of thi�s Secur iy Instrumenttandtthe Not a,re declarod
<br /> B
<br /> to be severablc.
<br /> 16.Borrower's Copy.Borro«er shall be given one conformed copy of thc Note and of this Secu�iry Inst�mt3018 9�90
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