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. • �.. . _..a,,,:�. �.1.;..:. "_ -- _ . , � g�� --�—_� . . _ ___ -S -'�.i*'b`.'L�e,?�3]F i`�!'I + �'i�ff 1vT �:n;-' .'.�-. --— _ — — --- — .r yJ _ — -- =.ecnr'...eae..�.°°"— 9T- Z�5�1e6 payment5 nwy rx�ianger t►e required,at the apifon af I.c��der, if n�ortgage insurance covern�e(in tho amnuni and fa�t'tne period that Lender rcquires)providai by an insurcr eppruved by l.ender again becomes svailabin ancl is aht��ina1. Borrowe.r s1w11 pay �he prcmiums required to mrintain mortgiqe insurance in effect,ar to provide a lass reserve,u�til tha re:quirement far rnangage � insurw�co eixls in occordAnc�e with uny written egrcertunt betwan Bonower a�x1 l.ender or applicahlo It�w. � 9. In�pectlan. Le�nder or its ugent may make reasonable emries upan and inspoctions of dtn Pr.�perty. l.crKte�st�all give �orro��ter notice at tlhe timc of ar prior to an inspection sjncifyine reasonable causc for the inspectinn. 10. Condemnation. The pra:acis of any awud or cl�im for da�nages, direct or consequantiul, in connoctton H�ith any condemnation or ather taking of any pan of the Propeny,or for mnveyancc in lieu of condeumntion, nra hereby assigr►ed and shall be paid to Lender. In the event of a total taking of the Prapeny.the praceods shall be applied to thc sums secured by this Security lnst�ument, whether or not then due, with any excess paid to Borrower. In ttie event of a partial tuking of tho Propeny in whict�the fair market value of the Propeny immediately before the taking is equal to or g►rater than the amat�nt of thc sums sccurc�f by this Secudty xnstrument immaliately before the talcing,unlcss Borrower and l.ender otherwisa agreG in writeng,ehe sunu socured by this Security Instrur�xnt shall be reduced by the amount of the praaeds multipliad by tho fullowing fraction: (a) the total amount of the sums securod immuiiat�ly t►efore the taking. dividcd by(b)the fair market vailuc of the Property inunediately before thc taking. Any balaix,-e shall Ix paid to Borrow�r. In tho evcnt af a partial rnking of tha P�roperty in whict� the ftir rnarka value of the ProCseny ir►�maiiately beforc the taking is lacs than tho amount of th�sumr securod immediatcly heforc thc taking, unless Bormwer and Lender othenvise ag�a in writing or unless applicabla law athenviss provides. the proc�oods s?udl be applied to the sums stcured by this Security Instniment wixther or tat the sums are then dua. If the Properry is abandunod by Borrower,or if,after noticc by I.cnder to Borrower that the�bndemnor offers to m�lce an award or settle e rlaim for damages, Borrower fails to respond to Lendor withtn 30 days aftcr the date the notire is given, Lender is au�horiud to rnllect end apply the procads.at its option,either to resto�ttiore or rcpAir of the Propeety or ta 3lae sunu Securcd by this Secvrity Instntment,whether or not then duc. Unless Lender �nd Borrower ott�etwise ogxec in writing. any application of procads to principal shall not axtend of. postpone the due date of the monlhly payr��ts referrod to in paragraphs 1 and 2 or cflange tha umount of such payments. Il.Borrower Not 8dewxd; Forbarance By I.en�kr Not a Waiver.Extension of thn time for payment or modification of amorti�sdon of the sums secured by this Security Instrument grru►ted by I.ender to any succosscir in interest of Bonower sh�Jl not operate to release thc liability of the original Borrowet or Borrower's successors in interest. Lender shall not ba roquirod to oommence procealengs ag�in�t any succ�ssor in interest or rofuse ro extend time fnr payment�ar athe�rDse modify amartization of�he sums savraa by this aocuriry instrumes�c by reason oi any acmand maao by tne ang�nAl Harowcr or Borrower's sucoessors in interest.Any fod+earance by I.ender i�exercising any right or nemody sbalh nut bo a waiver oB or p.n,;.ludo the cxe�ncisc of any right or remedy. 12. S+�aeaeo�s u�d AseFgns Bound; Jdnt and Several Li�billty; Caslgm�rs. Thc covenants and agrot�ttils of this Sexurity Instruracn[ shx8 bird and benefit tho successors and assigru of Lender anc� Bormwer. subjat to the µ^ovisions of �r�ph 17. Rorrower's oovemnts and agroements sh�ll be joint.and sevornl. Any Barrower who co-signs �iis Sa�urity Instrument but doea rat exxute tt�s Note: (a)is co-signing this Socurity Insttument aily to mortgagc.grant a�ac!c�nvey tlut 8orrower's interest in the Propaty ander the ternu of this Securiry Insuumrnt:(b) is not personally obligatod ta pa3�ttx sums secured by this Security Insttument;ard(c)agtxs that Lendcr and u�y other Barcower may agroe to extend.nwdit'y,farbair a maice any sceommodations with regard to tht terms of this Security Instn►rn�nt or the Note without rhat $eaower's consent. _ 13.Lo�n Charses.If the loan securocl by this Security In9tnuixnt is subjxt to a Is�w which sets rr�uim�un Iwn chnges, ar�d thu IAw is finally inte�pretod so that the interest or other loan clwges colloctod or to be collocted in connoeti►iu with tha losn exceod the permitud limits.then: (a)any such loan ch�rge s!►�ll be reduoed by tho amaunt neoessary to reduce the charge ° to the pe�mitted limit and(b)any sums alrady copectod Gam Borrower which excoedal permittod limits will be nfunded to � Borrower. Lender may choose to make this erfund by reducing the principal owod undar tho Note or by making a direct , - paymrnt to Bomower. If a rcfund reciuc�s principal, the roduction will be treatod as a partial pnpayment withaut any prepayment charge under the Note. - 14.Notices.Any notice to Borrower provided for in this Security insttument shall6o given by delivering it o�by mailing it by,�tst cless miil unkss applicable Isw requircs usc of another method. The notia shall be di�tod to the Propecty Address or any other address Borrower designates by ncxia to Le�xler. My notix to L.endar sh�ll be given by first class mail to - Ltixler's addnss stated herein or any other address Lender designates by notia to Barrower. Any nsc+c,ix provided for in this j Sewrity lnstrument sh�ll be deemed to have ban given to Boirower or Lender when given as provided in this paragraph. 15.Governiog I.�w; Severpbillty. This Security Instrument shall be govemod by fodcral law and the law of the - jurisdiction in which the Propeny is located.In the event that any provision or clauso of this Security Insuuttu�at o.� the Note ! conflicts with applicable law, such conflict shall not affect other provisions of this Secarity Instnunent orthe Noce�►t:��;,h enn br s given effect without ihe conflicting pra•ris:cn,Ta this cr�d.:�;,N;��bioa�.,t ti,;��,n�iy u„civa�ni:�;1 lix:;:uce a�c�eclarai � to be sVverable. • 16.&►rrower's Capy.BorrocvEr shall be given one wnformed copy of the�Note and of this Security[nstruzmxi:. , Foren 3028 9/90 � Pap�t o�6