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<br /> pay�xnts m�y nc�longer be reyuired,ut the option of I.eixler.if martgagc insurance cavcrage(in th�amr,unt und 1'or ihe period
<br /> that L.cnJcr reys�ires) provided by en insurcr •rNpruval by l.e�dcr ugain becorr�.s rrvailublc und is obtninai. Eic�rrower shuU pay
<br /> tho premiums rcquirod io maintain martgage insurance in effect,or to provide a loss re�erv�. untel thc requirement for nwrtgage
<br /> in�ura�x:e erxls in:�ecesrdance�vith ar�Y��•ritten ngreement hetween &irrower nnd l.�nder or upplic:ablc law.
<br /> q, Impectbn. I.encicr or its agent may make reasonable entries upon und inspections of thc Propeny. L.cndcr shall give
<br /> Borrower notice at the time of or prior to an inspection specifyfng rcaumablc causc tor the inspection.
<br /> 10. Condesntuition. '1�e proccxds of any oward or claim sor danwges. dire;ct ar mnsequential. in cannec:tiun wiQi uny
<br /> condemnutian or other ta{:ing of any part af the Property,or for conveyance in lieu of condemnation.e�rc hereby ussignal and
<br /> shall be paid to Lender.
<br /> in the event of a tatal taking of the Property, the praeeds shall be appli��d to the sums secured by this Security Inwrument.
<br /> whether or not then due, with any excess paid to Borrow�er. In thc event of a partinl tnking of the Property in whir.h the fuir
<br /> msvket value af the Property immediutely before the taking is equal to or greatcr than the amount of thc sums securod by thiF
<br /> Socurity Instrument immacliacoly before the taking, unless Borrower and I.ender othcrvvise agrce in writing,the sums suured by
<br /> this Secarity instNn�nt shall be reduced by the amount of the procceds multiplied by the following fraction: (a) the total
<br /> amonnt of tht sums securod immediatcly before the taking. dividod by (b) thc fair market value of ihe PropeRy immcdintcly
<br /> before the taking.Any balance shall be paid to Barrower. In the cvent of a partiel taking of the Property in which the fair
<br /> market value of the Property immediately before U�e�aking is Icss than the:emount of the sums Socured immediately befo�the
<br /> taking. unless Borrower and Lender otherwise agnoe in writing or u�dess applicuble law otherwisc pmvides. the proceods shall
<br /> be appliod ta the sums secured hy this Sccurity Instcument whether or not the sums ere thcn duo.
<br /> If the Prupetcy is abandoned by Dnimwer,ar if, after noticc by Lendcr to Borrower that the condemnor offers to mako an
<br /> award or settla a clsim for damages, BoROwer fails to respond to [.ender within 30 days after►he data the notioe is given.
<br /> Lender is authoriud ta collxt and apply the proce.eds. at its aption,eithe�to nstoration or rcpair of the PropeRy or to d�e sums
<br /> securcd by thls Saurity Instrument.whether or nc�t die�due.
<br /> Unless L.ende�• and Borrowcr otherwise egrce in writing. any application of proceeds t,o principal shall not extend or
<br /> postpone the due due of the monthly payments rcferred ro in paivgrnphs 1 and 2 or change the axnount of such payrnents.
<br /> 11.Borr�wK Nol ltela�sed;Forbrnrance By Lender Not a Waiver. Fxtension of tlk time for payment or modiFcadon
<br /> of amortization of the rums secured by this Security Instmment granted by L.ender to any successor in intecest of Bomower slwll
<br /> not operace to reiease�nc iiabiliry oi ihe o�igi-�i :�rrcu�r�r P.�rro::�ei's sts!'C"-c�nra in interest. Le�rdcc sh�ll not be toqui[ed to
<br /> oommence procadin$s against any suoccssor in inurest or rcfuse to extend tinx for payment ur otherwise mcidify amonizetion
<br /> of the �ums secured by d�is Security Insuument by rcason of nny denwnd made by tho original Borrower or Borrower's
<br /> successora in interest.Any forbearance by Lender in exercising any right or rertkAy shall not be a wsi'sver of or preclude the
<br /> exercise of any right ar remedy.
<br /> 1�� ��s�nel,4ssiqns Bound; Joint pnel Severel Llabiltty; CasigiKrs. The covenants and agrc:emenu of this
<br /> Socurity Instrument shall bind and benefit the succ�sso�s ancl assigns of L.ender and Borrower, subject to the provisions of
<br /> pAragraph l7. Borcower's cavenants and agreements shall be joint end several.Any Bomower who casigns chis Security
<br /> Insteument but does not execute the Note: (a)is casigntng this Security Instcutnent only to mortgage. grant and convey that
<br /> Borrower's intenst in the Pnop�rty under ths terms of this Securiry Insuument; (b)is not personally obligated ta pay the sum9
<br /> secured by this Securiry Instrument;und(c)agtces that Lerzdtr and any other Borrower may agree to extend,modify. foifiar or
<br /> rtwlc�any aceorctmodations with regard to the terms of this Security Instcument or the Note without that$orrower's consent.
<br /> 13.Lusn Char`es.If the loan secured by this Sexurity instrument is subjoct ro a law which sets ma�cimum loan chxrges,
<br /> and th�►t law is finally interpretod so tl�at the interest or other lonn charges wllected or tu be oollocted in connation wn�le the
<br /> loan excoed tht perrnittad limits, then: (a)any such loan charge shall be rcduced by the wnouM necessary co reduce the clwr8e
<br /> to the permitted limir,and(b)any sums already �ll�ened from Borrowcr which exceeded pennitted limits will 6e refundod tu.
<br /> �$orrow�r. Lender may choose to make this refund by reducing the principal owed under the Note or by moking a diroct
<br /> , paymant to Bortower. If a refund reduces principal, thc reducxtion will be treatod as a panial prepaYment withoat any
<br /> pnpayment charge under the Note.
<br /> 14.PIotices.Any notice to Borrower provided f4r in this Securiry Instn�ment shatl be given by dslivering it or by mailing
<br /> it by first class mail unl�tas applicable lnw requires use of anocher method. Ttie:r�otice shall be directod to the Propeety Address
<br /> ur any otl�er address Bnrrower designates by noticG to Lender. Any notia ta Lender shell be given by first class m�il to
<br /> Lender's acklress stated tierein ar any vther address Lend�r designates by notice to Borto�+ver. Any notia providal for in this
<br /> 5ecuriry Instrument shall be dcemed to have been given to Borrower or Lender whrn given as�rovided in this par�graph-
<br /> 15. Governtng Iaaw; Severability. This Sccurity Instniment shall be gov�rned by federal law and the law of the
<br /> jurisdiction in which the Propecry is located.[n tho event that eny provision or clause of this Security Instntmcnt or the Note
<br /> confli�KS with applirable law,such wnflict shall not affat other provisions of this 5ecurity Instrument or the Note which can be
<br /> given effes�without the confliceing provision.To this end the provisions of this Security In�rrument and the Nde an doelared
<br /> to bc scver�ble.
<br /> 16.Borrower's Copy.Borrower shall be given one conforn�ed copy of the Note and of chis Security Instrument.
<br /> Fam 3028 9/90
<br /> pp�40f 8
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