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<br /> payments may no longer be tequired.ut the opdon of Lender.if mortgage insurance coverage(in the amount artd for the�edod
<br /> that Lxnder mquires)pmvided by an insurer npproved by l.ender again becomes avuitable and is obtalned. Borrower shall puy
<br /> the premiums required to maintain mortgage insurance In effect,or to provlde a loss reserve,until the requirement for mortgage
<br /> insu�nce endx in acccirdunce with eny wrltten agreement between Borrower and I.ender or appllcabte law. i"
<br /> 9.Inspectfon. Lender or its agent may mske reasonnble entdes upon and inspecttons of the Pmperty.Landur shnll give
<br /> Borrower notice at the tlme of or prlor ta an inspectian specifying reasonnble cuuse for the inspectfqn.
<br /> 10. Condemnation. The proceeds of any award or claim for damaIIcs. direct or coni:eqquntl;tl. in connection wIth An�
<br /> cortdemnntian or other taking of any pait oF the Property.ur for canvcyunce in lieu of condemnstlon. �uY heceby essiIIned nnd �
<br /> shall bc patd ta L.ender. �
<br /> In the event.oL u tat�l taking of the Property.the prc�ceods ahall be applial to the sums secured by thix Sccurity instrumont.
<br /> whethcr ur not thtn due, with nny excess paid to Borrawcr. In�thE event of n paniui tuking of the Property in which thc falr
<br /> �nurkct vnlue of the Aroperty immcdiately befom thc tuking i�;equul ta or grcater than the nmuunt of the�ums sccurcd by this
<br /> Sccurity lnstrument immediutcly bcfare the tuking.unless Barn►wer und L,ender oiherwi�e agree in wrltinQ. the sums secured by
<br /> thiw Sec�►rity Inslrumcnt shull be rc�duced by the umount uP the prciccais multiplied by the failawing fractian: (a) the totul
<br /> umaunt oi the xum.g secured immediatcly bef�re thc taking, divlded by(b1 the fuir market vulue af the Property immediately
<br /> bef�re thc taking. Any balAncc shull bc paid to 8orn►wcr. In the event af a pnrtiut tuking of tha RmpBrty in which the falr
<br /> morket vnlue af the Propecty immediately before the taking IA Icss than the nmount of the sumn saoun.sd immediately befo�thR
<br /> taking,unl�s&nrower and i.ender othenvise ngrce in writing or unless appHcuble law atbsrwias provides.the proceedA shall;
<br /> be applied to the sums secured bs+thts Secur�ty Insuument whether or eot the sums are thsn,due.
<br /> If the Property is abandoned by Borrower.or if.aRer notice by Lender to Borro�uer tltnt the condemnor offers to make an
<br /> award or settle u claim for damages, Barrower fails to respond to I.endor within 3Q days atter the date the nodce ia siven.
<br /> Lender is authorized to collect and apply the proceeds,at iYs aptian,eithgr to restoratian or repalr of the Property or to the sums _
<br /> secured by this Securlry Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in v�ritang. any a�plication of pnocxeda to priacipal ahn1U npt extend or
<br /> postpone[he dae date of the monthiy payuaents referred to iu p�a�agraphs I and 2 or chan$e tha emount of suchpuym�nis.
<br /> 11.Boreower Not Released;Forbear�ce BY Lender Not a W�ir-�a.Extension oE the tima f��payment or modificaaoa
<br /> of amortizadon of the swns secured by this SECUrity Instnunent granted b� txnder to any successur in iateresc of Borrower shal!
<br /> not operate to release the liability of the ori�inal Borrower or Borrower s successors in•int�rest.1�'shall not be require�co
<br /> cammence proceedings against any suocessor In interest ar refuse to exterr.d�.me for Fayment or otherwtse modify amortization
<br /> of the sums secured by this 5ecurity Insuucnent by c+eason of any d.eacrnnd msde by the original Bormwer or Borrowet's
<br /> successors in inte�st. Any forbeazance by Lender in exerc[aing any �g1�2 or remedy shall not be a watver of or preclude ihe
<br /> exercise of any rig'ht or remedy.
<br /> IZ, Su�►�a aad �SSig�.s Bauad;Jai�! sss� Ses��s! ���;l'.�...ctgne.rn. The covenants and a�'eements of this
<br /> Security Insuiiment shall bind and benefit the suocessois end assigns of Lender and Borro�rer. subject to the pravlaions af _
<br /> }►tt7agraph iT. Bornower's oovenants and a�eemenu shall be joint and several. Any Borrower who co-sigas this Securlty
<br /> InstYument b�at does not execute the Note: (a)is co-signing this Serudty Instrnmer►t only W mortgage.grant and comey thaC •
<br /> Borrower's iaierest in the Property under th¢terms of this 5ecuriry Inst�ment;@)is not personaily obligatsd to pay the sums.
<br /> secumd by this`3caurity Instrument:end(c)�Tces that Lender and any orBer Borrowec may agree to�xtead,modify.forbear o�
<br /> make any accommodations with re�ard to the terms af this Secarity Insm►ment or th.e Note wlthout that Borrower's rnnsent.
<br /> 13.Loan Cfs�rges.If the loan secured by this Security Instcument Is subject to a law which sets maximum Loan charges,
<br /> and that lavr is,•�6nally interpreted so that t��interest or other loan cliarges collected or to be ooAected in oonnection�vith the
<br /> loan excead th�perntitted limits.then.(�).any such loan charge shall be�educed by the amount necessary to reduce the charg¢ �,
<br /> to the permitted Iimit;aad(b)any sums a�reatiy collected from Bomower which exc�ed9d permitted limits will be refunded'tvi :
<br /> , . .
<br /> Bornower. Lender may choose to make this refund by reducing the principal owed nnder the Note or by maldpg a datFct.
<br /> paymeat to Borrower. If a refuad reduccs prisc�A�l• tlse ceductton wil! lse tceatect as a parHal PreQaYme� ivithuut e�a�t
<br /> pregayment ch�cge under the Note. . , .�, ,. . .
<br /> 14.Na�kic�s,�Any•nodoe to Borrower:provided for jn this Security qmstrument shall be givea by deliverjn,g it or by mailiti��
<br /> it by first class�mail u�iless applicable law�reguires use of another a�thocl.The notice shall be directed w the Propercy Addre9� . :.
<br /> or any other address Borrower designates by nonce to Lender. My nodce to Leader shall be given by first class mail to'' .
<br /> Lender's address stated hcmin or su►y other address Lertder designates by notice to Barrower. Amr notice providod for in ttus _.
<br /> Security InsteuQnent shall be deemed to have been gtven to Bornower or Leader when given as provided in this paragraph. _
<br /> 1S.Go�� Law; SevecabilIty. This Security Instnuncut,shaU be govereed by federal law end the law of tI��;:
<br /> � jurisdiction.�ti which the Property is located. In tlte event thut aay provision or clause of this Sectuity Inst�ument or the Nari�, ",
<br /> oontlicts with;applicable law.such conflict shall not affect other p�ovisions of this Security InsUVment or the Note which can ti� .'
<br /> given effect Vi�lthout the conflicting provision.To this end the pmvisions of this Secartty Instrument and the Note an declared
<br /> to be sever^�b2e. •
<br /> 16.Borav►rver's Copy.Borrower shal!be given one conforn�od eopy of the Note and of thSs Securlry Instrument.
<br /> � Fotm 8028 9I90
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