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<br /> p�ymenti troy no lon�cr bo requlred,tt 1he�clon oP i.cndcr,If mon��e insur�nce cuvera�c(in�he amaunt wnd for the periad
<br /> tfut L.cndcr rcquire�)provlded by an inRUrcr�ppruvcd by Lender again becomc�availablc and ia obtair►ed. Aarrower du�ll pay thc _
<br /> ptemiuma rcqulred to malntain mortyAge tnsurnncc in effect, or to ptovide a toa� reiorve, until Q�e �•equiea�nent far mortga�{c �
<br /> tn�urxnce end�in auordancc with any wdtton agreement betwcen Borrower and Lcn�ler ar appllcable law.
<br /> 9.Inapecdon. Lendar or tu agent m�y make reaaonablc entrles upon and inspecdons of the Property. I.ender nhall givo
<br /> Bonower nodce at ihe dme af or prlor ta an inspecdon epeci[ying reaaotu�ble cxuae for the inapection.
<br /> 10.Condemmtbn. 'Ibe proceeda of any award or c1alm for damages, direct or consequeatial, in connectlon wlth tu►y _
<br /> cond=mn�►tion or ot�er taking of any psut of the Property. or for conveyance in lieu of condemnado�i,are hereby aeslgtxd and
<br /> ahall be paid to L.eader. . `
<br /> In the event ot a total tai�inng af the Propeny. the proceeds sl�all be applted to the aums aecwed by thie Securlry Instrumenc.
<br /> whether or not thesn due,with any exaas paid to Borrowcr.In the cvent of a partial taking of the Properry in wh[ck�the fair market
<br /> value of the Prope�ry iminrdfately befora the taking is equal to or greater than the amount of the aum�secured by thia Securiry
<br /> ' Ittsuuannt immcdfotely before thc taking, unleas 8onower and Lender othcrwlse agree in wridng, the sums secured by this
<br /> Securlry Ipahumtnt sh�ll be reduced by the anwunt of the proceeds muldplled by the followiag fraction: (a)the total amount of
<br /> the aums aecund lmmediauly beforc the taldng. divided by(b)the fair market value of tbc Property Immediately before the
<br /> . taldng.Any balancc ahaU be paid to Borrower.Ia the evcat of a pardal taking of the I'roperty in which the fair market value of We `
<br /> Property Immediauly before tt►e taldng is less than the amount of tbe suuu secured lmroediately before the taking, unlese
<br /> Borrower and I.�nder otherwlse agrec ia wrlting or unless applicable law otheerwise p�mvides.the proceeds shall be applicd to the
<br /> sums aecured by tbfe Securtty Insnvment whether or aot tlu sumc are¢t+en due.
<br /> If the Property is abandoncd by Bonower,or if, after nodce by l,Ender to Borrower that the condemnor offers to make an
<br /> award or settl�a cl�n for damages.Bonow�r faila to respond to Lender withib 30 dAya after the dau the notice is given,L.epder
<br /> � is suthorized eo collect and apply the proceeds,at its opdon.either w testanNon or repair of the Properry ar to thc sums sacured
<br /> by this SecurIty Inswment.whether or not then due.
<br /> • Unlese I.eade:u�d Borrower otherwiee agree in wrldng,any appllcAdon of procaeds to princlpal ahall not cxtend or postponc
<br /> the due dau of the monthly paymenta referred w in paragraptu 1 and 2 or cbange the amount of such p�ymunts.
<br /> � 11.Borrower Not Relsased;Forbearance Sy Lender Not a Wuivcr. Extcasion of the time for ps�y3rnent or modification _
<br /> � of auartizAdon of t6e sums secured by thia Securiry uismiment granud by Lender to any succcsaor in lnutcst ot tsorrower saa�i _
<br /> not oporau to releue the liabiliry of the odginal Borrower or Borrower's aucr,essors in inurest.Lender shall not be requir�oQ to
<br /> wmmence proceedlags against a�ry successor in interest or retUae w eaund dme for paymeat or otherwioe modify atnortizuion af
<br /> : tl�a sums secured by thie SecurIty Insuumeat by reuon of aay dem�nd made by the orlgiaal Borrower or Boaower's aucceasars
<br /> in inunat.Any farbcarance by Lender in exercising any dght or remedy shall not be a waiver of or precludc the exercise of any
<br /> ' tlght or remedy.
<br /> . 12.Succa�on ond Ms[pu Bonnd;Jotnt�nd SeverAl l,tability; Co-eignera. The covenante and a�reemeata of thit —
<br /> � Secnriry Imtcumen sl�all btnd and benefit the succesaora and usigm of Lender ond Borrower, aubJect to the provuioas of
<br /> ' ' puagnph 17. Bortower'e covenanta and agnernen[e ahall be jolnt �nd sever�l. My Bottower who casiga� this Socuriry
<br /> Luavmeat but doa noc exceute the Nou: (a)ia co-sigaing thii Security Insmunenc only to mortgage. grant aAd ew►vay ttuit
<br /> � 8orrower'e inarea�in tbt Property uader the urxas of thti Securtry Iwavment;(b)Is oot persotully obli�ated to p�y tlte swns
<br /> secured by thii Seauity Insuumeat;uxl(c)ayrea�hat Lender a�ad any othcr Bonower may agra to extend,Awdity. forbeu or
<br /> • • nuke iny accommodations with regazd to the terau of chis Sceurlty Insmunent or the Note without thu Bonower'►ccmtent.
<br /> 13.I.am Char�ea. If the losn�ecured by thla Sxurity Instnunent i�aubJxt to a law which seta maaimum loan charga,
<br /> and tlut law is fimlly interpreted so that thee interat or other loan chugea collated or to be collectcd in conuecdon with tLe loan
<br /> �excad the permiaed lim[ts.theu: (a)any auch loaa chuge ahall be reduced by the aroount necesauy to reduce the charge to tbe
<br /> permitted limit;and(b)any aums already collected ftom Bonower whic6 cxc�eded penpitted Umita will be refi�pded w Borrower.
<br /> Lender auy choou to rnake tlila refund by reducing the principal owed under tt�e Nou or by m�icing a dlrect payment w
<br /> '� Borrower. If a refund ceducea principal, the reducdon wlll be treated as a partial ptepayment without any prepayment charge
<br /> + under tLe Note.
<br /> • 14.Notka. My aotice to Bonower provided for in[tila Security Iasuument ahaU bc given by deIIveriug it or by muling It
<br /> by firat claas mail unl=se applicable law requirea use of another axthod. 'Ilie notice shall be directed to the Pmperry Address or
<br /> any otber address Borrower deaignatas by nodce to Lender. My aotice to Lender shaU be given by firat claaa mail to I.ender's
<br /> address staud herdn or any othcr address Lender deaignates by nodce to Bonower. My notia pmvided for in tliis Secudty
<br /> Iastrument shall be doemed to tuve been given w Borr.�wer or Lender when given as provided In Wis pazagraph.
<br /> 1S.Governir�Law;Severability. This Socurlty Tnsuument shall be governed by federal law and the law of the
<br /> jurisdicaon in which tl�e Property ia locatcd. 1n Uie event that any provision or clause of this Secudry Instrument or the Note
<br /> conftictn with applicAble law,such coMiot ahall nat affect other provistons of this Sceuriry Instrument or the Note which can bc
<br />_ given effect witbcwt the conflicdng prmision. To thla end the provisions of this Securlry Insuument and the Note are dcelateQ to _
<br /> be aeverable.
<br /> Form 3028 9/90
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