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<br /> puyments muy no longer be requircd, ut the option of l.endcr, if martgugc insuruncc covcruge(in the umount and for the period
<br /> that l.endcr rcquii�esy provid�by an insurcr oppravcd by l.endcr again lxcomes avnilablc und iti obtuincd. Bonower shall puy
<br /> the premiun�.y required ta maintuin mortgnge insurance in effcct.or to pravidc u luss rescrvc,until the requiremcnt for mortgage
<br /> insurnnce ends in accordance with�ny written ugreement br:tween Borrower and l.ender ar applicuble law.
<br /> 9. Inspectlon. l.ender or its a�ent muy mnke rea�sonable entrles upon +md intipecti�ns of the Praperty. L.ender shall give
<br /> Barrawer n�tice at the time of or priar ta an inspectian spocifying reLSOnabie cuuse for the inspection.
<br /> l0. Condemnatlo��. The praeedg of uny uwurd or cluim for damuges, dircct ar conscquential. in cannection with any
<br /> ca�demnation or othcr tuking of uny pnrt of the Property,or for canvcynnce In licu af condemnation. are hcreby assigned and
<br /> shnll bc pAid to Lender.
<br /> In the evcnt of a total tuking of the Property,the procceds shall be nppiied ta the s►►ms secured by this Security Instrument,
<br /> whcther ar nat then due, with ttny cxcess paid to Horrawcr. In the event of a partial taking of the Property in which the fair
<br /> murket vulue of the Property immediately before the tuking is equnl to or grcater thnn the nmount of the sums secu►�ed by this
<br /> Securlty instrument immediately before the tuking.unlcss Borrower and Lender othcrwise agrec in writing.the sums secured by
<br /> thls Secu�ity Instcument shall be reduccd by the amount af the praceals �nultiplted by the following fraction: (a) the total
<br /> amount of the sums secured imrnedtately before the taking, divided by(b) the fulr murket value of the Property immediately
<br /> bcfore the taking. Any bulance shall be ps�d to Bonower. In the event af a partinl wking of the Property in which the fair
<br /> murket value of tl►e Property irruncdiately before the utking is less than the umount of the sums secured immediately before the
<br /> takiny, unless Barrowcr and Lender othenvise agree in wi�iting or unless applicable low otherwisc provtdes,the proceeds shall
<br /> bc applicd to thc sums secured by thts Security Instrument whether or nat the sums arc then due.
<br /> If the Property is abandoned by Bonower,or if,after notIce by l.ender to Borrower that the co»demnor offers to malce an
<br /> swurd or settle a claim far dan�ages.Borrower falls to respond to Lender within 30 days after the date the notice is given,
<br /> Lender is authorized to collect and upply the proceeds,ut its option.elther to restoration or repair of the Property or to the sums
<br /> securod by this Security In:,trurreent,whether or not then due.
<br /> Unless Lender and Borrower othenvtse agrec in writ�ng, any applicatton of proceeds to principal shall not extend or
<br /> postponc the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payment�.
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Watver.Extension of the time for payment or modification
<br /> of amortization of the sums secured by this Secudty Instniment granted by Lender to any successor in interest of Borrower shell
<br /> not operate to rtlease the liability of the original Horrower or Borrower's successors in tnterest. Lender shall not be requlred to
<br /> cam�scsssx�:�ino s°o�'ut�nY�u`-'�°"-`-or In�mpTP`r or refi,�e co extend dme for payment or otherwlse modlfy amortization
<br /> of the sums secured by this Seturiry Instrument by reason of any demand made by the orlginal Barrower or Honower's
<br /> suc�cessors in interest. My forbearence by Lender in exercising any right or remedy shaU not be a waiver of or Nreclude the
<br /> exer+cise of any right or remedy.
<br /> 12.Suatissors and Assigm Bound; Jolnt and Several UAbility; Co-stgnere. The covenaannts and agreemeats of this
<br /> Socurity InstNment shall bind and benefit tho successors and assigns of Lender and Borrower, subJxt to the provisions of
<br /> paragragh 17. Barrower's covenants and sgteements shall be joint and several. Any Borrower who co-signs this Securiry
<br /> Instrument but does not execute the Note: (a) ls casigning this Securiry Insuument only to mortgage, grent and convey that
<br /> Boaower's intemst[n thr, property under the terms of this Secudry Instnunent; (b)is not personally obligatal to pay Nx sums
<br /> securod by this Security Instcumenc; and(c)agrees thut Lender und any other Borrower may agroe to extend,modifj�,f�rbrar or
<br /> make any accommodations with regard to the terms of this Securlty Instrument or the Note without that Borrawer's consent.
<br /> 13.Loan Ch�rges. If the loan secured by this Security Instcument is subject to a law which sets maalmum Iwn cherges,
<br /> and that law is finally int�rprcted so that the l�nterest or other loan charges collectod or to be collected in corukction with the
<br /> loan excced the permitted llmits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> ta the permittod limit;and(b) any sums alm,�dy collected from Borrower which excoeded permitted limits will be nfundal to
<br /> Borrower. L.ender may choose to malce tt»s refund by reductng tha principal owed under the Note or by making a diroct
<br /> payment to 9o.rrower. If a refund reduces principal. the reductian wlll be treatal as a partW p�p�ymac witl�a►t anY
<br /> prepayrmnt charge under the Note.
<br /> 14.Notke9.Any nottce to Borrower providal for in this Security Instrument shall be g[ven by dellvering it or by nwiling
<br /> it by tirat class mail unless applicable law requires use of uno�her method. The netice shall be directed to the Propercy Addra+s
<br /> or eny other address Borrower designates by notice to I.ender. Any notice to L,ender shall be given by first class mail to
<br /> Lender's address stated henin or any other eddress Lender designates by nottce to Borrower. Any notice providai for in this
<br /> Security Instrument shall be deenxd to have bcen given to Borrovier or Lender when given as provided in this parugtaph.
<br /> 15.Governing I.aw; Severability. '1'his Security Instrument shall be governod by federal law and the law of the .
<br /> jurisdiction in which th� Propeny is located. In the event that any pmvision or clause of this 5ecurity Instrusnent or the Note
<br /> conflicts with applicuble law,such conflict shall not affect other provisions of this Securiry instrument or the Note which can be
<br /> given effxt without the conflictins proviston.To this end the provisions of this Security Instrument and the Note are declared
<br /> to be severable.
<br /> 16.Borruwer's Copy.Borrower shull be g[ven one conformed copy of the Nate and of this Security Instrument.
<br /> form 3028 8I90
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