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<br /> payments may no l�mger be required, ut du option of L.cndcr, if mortgugc insuru�xc covcragc(in the ucnount und for the periai
<br /> that Lendcr requires)provideci by un insurer:�ppraved by Lendcr ngain bc�omes nvuilnblc and is obtained,Borrowcr shall puy
<br /> the premiums rtquirtd to maintai�mortguge insurnnce iiz effect,ar to providc u luss re��ve, uutil the i�quirc�ncnt fur n:astgage -
<br /> insuruna:ends in accordance wlth nny wrftten Agrcement between Bottower and Ixnder or applicuble law.
<br /> 9.[ngpectlon. Lender or its agent n�ay make reusanable entrIes upon and inspections of the Property. Lender shall giva
<br /> Borrower notice at the time of or prior to un inspection specifying reasonable cause for the inspection.
<br /> 10. Condemnation. T6e proceecls af uny award or claim for damages, dimct or consequcntial, in connection with uny
<br /> condemnatiun or other taking of any part of the Property,or for conveyance in lieu of wndemnation, are hereby assigncxi and
<br /> shall be paid to Lender.
<br /> In the event of u total taking of the Property,the pracceds shall�e npplied to the sums secured by this Security Instrument,
<br /> whcther or itot then due, with nny excess paid to Borrower. In the event of a partial taking of the Propeny in which the fair
<br /> murket value of the Praperty immediately befare the tuking is equai to or gceater than d�c amount of die sums sc�cured by this
<br /> Security Instrument immedlately before the taking,unless Borrower und L.endcr otherwise agree in writing,the sums secured by
<br /> this Sc�curity Instniment shall be raluced by the amount of the proceecls multipliod by the following fraction: (a) the total
<br /> amomtt of thr cums secured inunediately beforc Ihe taking, dividal by(b) the fair market value of the Property imtnodiately
<br /> before the taking. Any balance shall be paid to Borrower. In the evcnt of a partial tnking of the Property in which the Fair
<br /> market value of the Property immediately befure the taking is less than the amount of the sums secured immediately before the
<br /> taking, unless Bonower and L.ender otherwise agree in writing or unless applicable law othenvise provides, the proceeds shall
<br /> be applied to ttk sums secured by this Security Instrumcnt whcther or not the sums are then due.
<br /> [f the Froperty is abandoned by Borrower,or if,after notice by Lender to Bonower that ihe condemnor offers to make an
<br /> uward o� settle a claim for damages. Borrower fails to respond to L.ender within 30 days after the date the notice is given,
<br /> Lender is authorized to collect and apply�he proceeds,at its option,either to restoration or napa�r of the Property or t�the sums
<br /> secural by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due dato of the monthly payments rcfcrred to in paragraphs 1 and 2 or chunge the amaunt of such payments.
<br /> 11.Borrower Not Released:Forbprrtnce By Lender Not a Waiver.F.xtension of the time for payment or modificatiori
<br /> ' of amonization of the sums secured by this Security Instrument granted by L,ender to any successor in interest of Born►wer shall
<br /> not operate to rctease the liability of the original Borrower or Bormwer's successors in interest. Lender shall not be required to �
<br /> � rnmmena proceedings against any successor in inU:rest or refuse to exte�xl time for payment or�therwise motiify amoreizadon
<br /> , of the sums securod by this Security Instniment by reason of any demand made by the origenal Borrower or Borrower's
<br /> ,� successors in ine:rest. Any forbearance by Lender in exercising any right or remedy s6all not be n waiver of or proclude the
<br /> ! exercise of any right or nmedy.
<br /> � 12, Suoa�onq and �ssign9 Bound;Joint And Severxl Uabilit�; Co-stg��ers. ihe covenants and agraments of this
<br /> Securiry Insfrument shall bind and benefit the successors and assigns af Lender and Borrower. subjcxt to the provisions of
<br /> _' puag�aph 17. Ebrrower's covenants and agraments shall be joint and several. Any Borrower who co-signs this Securtty
<br /> ;r Insuunxnt but dces not execute the Note:(a) is casigning this Security Instrument only to mortgage, grant and convey tt�t
<br />=� Horrower's interest in the Property under the terms of this Secwrity Instniment;(b) is not personally obligated to pay thc sums
<br />:� securod by this Security Insuumenr,and(c)agrces that Lender and any other Borrower may agree to extend,modify,foci�ear or
<br /> make 3ny accommodations with naard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> a 13.Loan Clurqes.If the loan secured by this Security Instrument is suhj.ct to a law which sets maximum loan charges,
<br /> � and that law ia fi»ally interpreted so that the intorest or other loan charges colfected or to be collected in connection with the
<br /> . loan eaceed the permitted limits. then: (a)any such loan charge sh�ll be reducc:d by the amount necessary to raluce the charge
<br /> to the permiVtd limit; and(b)any sums already collected from Bormwer which exceeded pertnitted limits wiQ be rafundod to
<br /> Borrower. C.ender may choose to make this refund by reducing the pri►icipal owed umler tha Note or by making a direct
<br /> � payment to Borcower. If a refund reduces principal, the reduction will be trcatod as a partial prepayment without any
<br /> : prcpayment chuge undcr the Note.
<br /> 14.Notias. Any notia to Borrower pmvided for in this Security Instntment shall be given by delivering it or by mailing
<br /> ' it by first class mail unless applicable law requires use of another method. The notice shall be directal to the Propeny Address
<br /> t or any other addr�s Borrower dGSignates by not'ice to I.endcr. Any notice to Lender shall bc givcn by first class mail to
<br /> ! Lendcr's address stated herein or any other address Lender designates by notice to Borrower. Any noticc providal for in this
<br /> Securiry Instn�ment shall be dcerm�to have been given to Borrower or Lender when given as providad in this paragraph.
<br /> � 15.Governiug I.aw; Severability. This Security Instr�ment shall be governed by fcdcral law and the law of the
<br /> ; jurisdiction in which the Property is located. In the event that nny provision or clause of this Security Instrument or the Note
<br /> ; conflicts with applieable law,such conflict shall not affect other provisions of this Security Instrument a•the Note which can be
<br /> ` given effeci without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> � to be sevcrable.
<br /> ; 16.Bor►rower's Copy.Borrower shall be given oue conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 9/90
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