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<br /> p�ymcnts may na langcr be required,at the option of Lcndcr, if mangage insurancc cavcrage(in thc wnaunt nnd for thc period
<br /> that l,ender requires)provided by nn insurer approvcd by l.cnder asuin becomes avnilnblc und i�obtaincd. Borrower shwll pay
<br /> the premium�rcauirsd to maintain mortgage insuruncc in cliect,or to pravide c�loss��scrve.ui�til thc r..quireinent for mostgenc
<br /> insurance ends in accurdnnce with nny wri[ten ugreenxnt between Borrower and Lender ar upplicable law.
<br /> 9. lnspectiun. IxnJer ur its ageut nwy makc r�asonablc cnteics upan and inspectians of the Propeny. Lcnder shnll fiivc
<br /> Borrower notice at the time of or prior to an inspectian spaffying reasonable cause for the inspection.
<br /> 10. Gandemrwtlon. The proceeds of any awarl or claim for damuges, direct or consequential. in connection with any
<br /> candemnation or other taking of any part of the Property,or for conveyance in Ileu of condemnation. urc hereby ussigned and
<br /> shall bc paid to Letwer.
<br /> ln the event of a total taking of the Property, the proceeds shnll be applied to the sums secured by this Securit,y Instrument,
<br /> whether or nat then due, with any exc;ess paid to Iiorrower. In thc event of u partlal taking of the Property in which the fuir
<br /> market value of the Propeny immedintcly befon the taking is cqual to or greater thr+n the amount of the sums secured by this
<br /> Security Instrument imcnediately before the taking, unless Barrawer and Lender otherwisc agree in writing, the sums secured by
<br /> this Security Instrument shadl be reduced by the amount of the proceeds multlplicd by the following fraction: (a) the total
<br /> ucnount of the sums secured immediately before the taking, divided by (b) the fair market vnluc of the Prnperty immediately
<br /> btfore the taking. Any balance shall be paid to Rorrower. In the event of a partjal taking of the Property in which the falr
<br /> maricct value of the Property immediately befon the taking is !ess than the amount of che sums secured immediately beforo the
<br /> taking,unless&,rrower and Le:nder otherwise agree in v��riting or untess appiicable 6��z•atherwise pwvides,the proceeds shall
<br /> be appliod to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower,or if,after notice by l.ender to Borcower that the condemnor offers to mnke an
<br /> award or settle a claim for damages, Iiorrower fails to respond to L.ender within 3tD days aher the date the notice is given,
<br /> Lender is authorized to collect and npply the proceeds,at its option,either to restorati�mm or repair of the Property or to the sums
<br /> secureA by this Security Instrument,whether or not then due.
<br /> Unless I.ender and Borrower othenvise agree in writing, any application of procexds to priaciFal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such puyments.
<br /> 11.Borrower Not ltdeased;Forbearance By Lender Not a Wttiver.Extension of the time for payment or modification
<br /> of amonization of the sutns secured by thls Security Instrun�ent granted by i,ender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the original Barrower or Borrower's successars in interest. Lender shall not be requirod to
<br /> commence proceedings ugainst any successor in interest ot retuse to extena dme for paymri�i u,i,tt-ic;wise ii�in�l�j 81720T2::,.::�;,
<br /> of the sums secured by this Security Instrument by reason of any demnnd made by the originul Borcower or Borrower's
<br /> successors in intemst. Any forbearance by I.ender in exercisin$ any right or remedy shnll not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Suocessors and Assigcos Bound; Joint and Seveml Llabllity; Co-signers. The covenants and agreements of this
<br /> Securiry Insttument shall bind and benefit the successors and assigns of Lender and Bonnwer, subjact to the provisions of
<br /> patagraph 17. Borrower's covenants and agrcements shall be,joint anJ several. Any Borrower who co-signs this Security
<br /> In.stn�ment but does not execute the Note: (a)is co•si�ning chis Security Instrument only to mortgage,grant and convey that
<br /> Borrower's inter�st in the Property under the terms of this 5ccurity Instrument;(b)is not personally obligated to pay the sums
<br /> secured by this Security Instnime•nt;and(c)agrees that L.ender and any other Borrower may agra ro extend.modify,farbear or
<br /> make ony accomniodations with regard to the terms of this Security Instrumcnt or the Note without that Borrower's consent.
<br /> 13. Loaa Charges.If the laan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finully interpreted so that the interest or other loan charE..s collected or to be wllected in connection with the
<br /> loan excoed the permitted(imits, ihen: (Q)any such loan charge shall be reduced by the amount necessary to redcce the charge
<br /> to the permitta!limlt; and(b)any sums already collected from Borrower which exceecled permittad limits will be refundod to
<br /> Borrower. I.endor inay choose to make this refund by reducin� the principal oweal vnder the Note or by making a direct
<br /> payment to 9orrower. If a refund reduces principal. the reducdon will be treated as a partial prepayment without any
<br /> prepayment chsurge under the Note.
<br /> lA.Notkes.Any notice to Horrower provided for in this Security Ir�strument shall be given by delivering it or by muiling
<br /> it by first class mail unless applicable law requires use of another method. The notice shull bc directed to the Properry Address
<br /> or any other nddress Borrawer designates by notia to Lender. Any notice to Lendcr shall be given by first class mail to
<br /> Lender's address stated hereln or any other address Lendcr designates by noticc to Borrower. Any notice provided for in this
<br /> Security Inshvment shall be deemed t�n have been given ta Borrower or Lender when given as pmvidcd in this paragraph.
<br /> I5.Govern(ng I.aw; Severability. This Security Instrument shall be govemal by falcral law and the law of thc
<br /> j�:isdiction in which d�e Property is located. In the event that any provision or clnuee of this Securlty Tnstmment or the A1ote
<br /> conilicts with applicabio law,such conflict shall not affect other provisiais of this Sxudty Instrument or the Note which can be
<br /> given effeet wit�out the conflicting provision.To this end the provisions of this 5ccurity Insttument and the Note are declarad ,
<br /> to be sevcrable.
<br /> 16.Anrrower's Copy.Borrower shall be given one coa�formed copy of the Note and of this Security instrument.
<br /> Form 3028 9/90
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