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<br /> ~�^-- paymcnt9 msy no longer ho rcquired, at tha opdon of L.cndcr,if mortgage insurancc covcragc(in Ihe amount and for tha period
<br /> _ that Lcndcr�cquires)pravidcd by an i�surcr epprovcd by Lcndcr agaln bccomcs availablc and is obtaincd.Borrowcr shaU pay thc `-
<br /> ---- premiums cequired to mainteln mortgago inswenca in effect, ar to provide a bss teserve. undl the requirement for mortgage
<br /> � insuranca cnds in accordancc with uny wriuen agrccmcnt bctwccn Borrowcr and Lcndcr or applicablo law.
<br />�`��°'`' 9.Inapection. Lender or lts ageni may makc res�sonablu cnMes upon and inspcxdons of thc Propecty. Lcndcr shall give
<br />�'�:;;'� Bort�owu nodca st the ttmc of or pdor to an inspectIan spxifying reasonablc cause fa thc lnspecdon.
<br /> -���� 10.Gandemnation. 'It�e procecds of ony awerd or c1alm for demages,d'uat or consequentlal,in connecdon with any _
<br />��----�'�� condemnaUon or othcr taking of any pa�t of Ihe Property,or for convcyance in lieu of condcmnation,arc hercby assigned and
<br /> ''�-� shall be paid to Lendcr.
<br /> Ia the event of a totai taking of the Propeny.thc proceeds shaU be applied co the sums secnred by this Socuriry Instra+mcnt,
<br />-�� whether or not thcn duc.with any excess pald to Borrower.In the evcnt of a panial talcing of tho Property ln which the fair madcct —
<br /> :-� valua of the Property immcdiately before the taking Is cqusil to or grcaur than Ihe amount of thc sums sccured by this Se�urity
<br /> — I�str�mcnt immediately bcfora tha tuicing,unless Horrowcr and Lcnder othuwiso agrx jn wrldng, the sums secured by this
<br /> - � Security Instrument shall be rednccd by the amount of the proceeds mnldplled by the following fracti�n: (a)the total amount of
<br /> thc sums socured immediatety bcfore the talcing. divtdcd by (b) the fair market velue of the Property immediately before the
<br /> .�T� ' taking,pny balance�shall be paid to Borrowcr.In the cvent of a pardal takIng attheProperty in whkh the fair market value of the
<br /> "- Property immediatcly before the taking is less that► the amount of the surns saured immcdiately before the taking, unless
<br /> Bomower and I.endu atherwlse ag[ee in wridng or nnlcss appUcahla law otherwlse provides.�he procoeds sha11 Uc aPPlied to the
<br /> `a=�='� sums secured by thi�Sccurlty Insuument whether or not the sums are thcn due.
<br /> � . If it�e R�operiy is abandoned by Hortowcr,or if,after noUc�by Lender to Bortowcr that the condemnor offers W make an
<br /> ' awacd or settle a claim for damages,Rorrowu feils to respond to I.ender wlthin 30 dnys after the date the nodce is given,Lender
<br />"'a°�`'�' 1s authorizai w cciUect and apply the proceeds,ac its opdon,eithu w restoration or r�pair of Ihe Property or to the sums secured
<br /> by this Security Instrument,whcther or not then due.
<br /> Unless Lendu end Borrower otherwisc egroe in wrltinng,eny applicadon of procceds to principal shaU not extend or postpone
<br /> = ilxs dtt�daiC of iltt sssosstttli P�3 snes�L°rEfe�to in�-I'�c 1 an�l?�r c.hange the arrtount of such payments.
<br /> 4 11.Borrower Not Rekased;Forbepr�nce By Lender Not a WAiver. Exteasbn of the tune for payment or madification
<br /> of amortizatjon of thc sums se�ured hy this Socurlty Insaument granted by L.cnder a any succe�sor in interest of Borrower shall
<br /> •, not operate to relcase the liabllity of thc orlginel Bocrower or Borrower's suacssas �n int�erest Lendec shall not be reyaired w
<br /> � commencc procadings against any suc�cssor in Iruerest or refuse w extend tiime for payment or otl�wise madify emortlzeulon of
<br /> tha sums secored by th�s Socuriry Instrument by reason of any demand made by the original Borrowu or Borrower's successora
<br /> in Interes�Any forbearance by i.ender in exerclsing any r�ght or remedy shall n�t 6e a waiver of a procluda tho exercise of any
<br /> .j right or remedy.
<br /> — .; 12.Successora end Asslgne Bound;Joint And Several Liability; Co-signers.'the covcnants and egroements of this
<br /> ._ � Security Inswment shall bind and bcnefit the successors end assigns of I.ender and Borrower,subject to tho provisions of
<br /> •: paragicaph 17. Borrower's covenants and agroements shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrument but does not executa the Note: (a)is ca•signing thls Securiry Insuumeat only W mor�age. grant and convey ttiat
<br /> garpwcr�s interest in the Pmperty under the tcrms of this Securiry InstrumenG (b)is not personally obligetcd to pay the suma
<br /> secwod by this Securiry Instrument;and(c)agrecs that LenJer and eny mher Borrower may agree to extend,modlfy.fortxar a
<br /> make any accammadations with ngard to the tcrms of this Sociuity Instrumcnt a tt�eNote without that Borrowu's conaen�
<br /> -- 13.Lwn Clar�es. If the loan secund by thls Socurlry Instrument is subject to a law which sets maxLnum loan chu8es�
<br /> and that Iaw is 4"mally interpretcd so that the interest or other loan cdazges coUceted or W be coqected in connecdon with tlw ban
<br /> -- �� � eacad the pecmitted limits�then:(a)any such ban chazge shall be reduced by tha amount nocessacy to roduce the charge to tho
<br /> -- permival limit;and(b)any sums already collected from Borrower which exceeded per�mitted limits will be refundod to Bo:rower.
<br /> Lendu may choosc to make this refund by reducing ttwc principal owed undes the Note or by making a direct payment W
<br /> Borrower. If a refund reduces pdncipal, thc reducbon will be ttcated as a partial prepayment without anY P�Y�t chargo
<br /> under the Note.
<br />-�—__ 14.Nutkes. Any nopce w Bomnwer prnvidetl for in Ihis Sccurity Instrumcnt ahall bc given by delivering it or by mailing it
<br />- by C�rst clags mail unless appllcable law cCquires use of another meshod.'Ihe notia shell be dlrected to the Pruperiy Addnss a
<br /> =�e;� ' any other address Borrower designates by nWicc W L.ender.Any noUce to L.ender shall be given by first class mail m L.ender's
<br />=r �_..� address steted herein or any othcr address Lender destgnates by nodce to Bomowcr. Any noticc psovided for in this Sxurity
<br /> :k=�� Insuument shall bc decmed to hava becn given tn Borrower or i.cnder when given a�nrovided In this paragraph.
<br /> �i`�'�,;. 15.Governing LAw;SeverabNity. 'Ihis Secutity Instrumcnt shall be govcmed by fedc;ral law and the law of tlic
<br /> :�,'.''i•� jurisdktion in which the Property is locatod.In the event that any provision or clause of this Security Instrument or the Notc
<br /> � contllets with applicable law,such conflict shall not affect other provisions ot this Security Instrum�nt or the Note which can 6e -
<br /> • given effect without the contlicting provision.To this end the provisions of this Sccurity Insaument and the Note are declered w
<br /> � � be sevcrablc.
<br /> - Form�0��!/90
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