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<br /> pxyment�niry �x� lun�er t�e requicecl,at thr apdan of Lender,if n�ortgAge iasurwtice coverAge(jn the aauuuut ancl for the pedod
<br /> tbxt l.encler reyulres) �ruvlQetl hy xn insurer xpproved by lxnder ags►ia becowey avuilable acul i�obe�inecl. Borrower shYll puy
<br /> the pnmi►una seyulreil to maintain mortgage insurance in effect,or to provicle a las�nserve,undl tln reyuinment for mortg+�ge
<br /> tnsui7uwe e�xla�b►uccorci�ux:e wIt��uy writteu a�lreeiuent hen*�een Dorro�ver a.nd Leader or applicab)r,Inw. �_
<br /> 9.I�pectlon, Lender or i�9 agent may ra�ke[r�sonable entrIes upoa and inspecdons of ihe Property. Lender shall give
<br /> Borcowcr nodae at the time af or pdor to aa iaspecdoa specifyiag nasouable cause for the ins�ectlon.
<br /> 10. Condemnttion. 1'he proceeds of stny award or claim foc damages, ctirect or consequeadal, In wnaecdon wlth AaY
<br /> conQemuadon or other wking of any purt of the Property,or for waveyance In lteu of wndemnation, are henby�cigaed and
<br /> sLall be paId to Lender.
<br /> In the eveut of a total tu�dng of the Property,the proceeds sball be applied to the sums sxu2d Ay this Security Insuument.�
<br /> whether or not then due, wlth any�acess paid to Boaower. Ia t4e event of a partlal txlcing of the Property In whieh the fair'�1
<br /> murket value of ttte Property im�nediacely before the taldng I9 equal to or greater thau the nmount of the svms secur�d by this �
<br /> Securlty Insmtment Immedlauly befon tbe taking.wiless Bonower and Lender otherwise agree in wrIting, tlie sums sawrd by�.
<br /> tWs Security Insuument sball be redueed by the amount of the proceeds muldplied by the foUowIng fracdon: (a�the total �
<br /> unouttt of thc sums sxured imaiediately before the taldng, dividal by(b)the fi�ir mruket value of the Property la�iatelY�
<br /> befoce the taldng.Any babwce sball be patd W Borrower. In the event of a putial t�1dn8 of�he Property ln which the fAir�
<br /> market value of the Property Iwmalixtely before the taking is less than the waount of the suu�se�:►ued UawediatelY befc�re tha�
<br /> taldng,wiiess Bqrrower and I.ender othetwlse agree in wddng or unless applicable law othenvlse provides� tha procads sha11�
<br /> be applied to the sums secured by this Security Insmimeut whether or not tbe�ns are thea due.
<br /> If the Property is wbandoned by Barrower,or if.after nodce by Lender to Bonower Wat diee coudemnor offera to make an
<br /> award or scttle a claim for damages, Bocrowcr fails to respond w Lender within 30 days atter tlie date We nodce is given,
<br /> Lender�S Authorized to collxt and apply t6e proceeds,at its opdon,eltl�er to restoradon or repair of the Property or to the sums
<br /> secured by this Securlty Instrument,whether or not then due.
<br /> Unless Lender and Horrower othenvtse agree in wddng. any spplicadon of proceeds w principal sl�ll mt extend or
<br /> postpone tl�a due d�te of the monthly paymeats referred to in paragraphs 1 aad 2 or change the amount of such paym�nte.
<br /> 11.Borrowa Not RelcaSed;Forbarance By La�der Not n Watver.Bxtenston of the dn�e for pxym�nt or modificudan
<br /> of amorpzAdon of the sums secured by this Secuctty Instiument granced by Lender to eny suceessor in interest of Borrower s�U
<br /> ppt opetllte to reldlse t11e IiAblllty of tite origiaal Borcower or Bormwer'a suu:c�is iD iii�i�s.L.�."'�''..:sh:ll uoi��quit'ed SS1!!
<br /> commence procndiaga ngainst aay succes�or in Intenst or refuse w extend dme for pnymeat a othe�vv�se madify u�wrtizadon
<br /> of the svms secund by this SecurIry I�uvment by reasoa of Any demand mxde by the odgintl Bormwer or Borcower's
<br /> successors in lntenst.Any forbearance 6y Lxncter in exercising any right or nmedy shall not be i w�tver of or predude the
<br /> eaerciae of wy rig6t or reaxdy.
<br /> 12. Suca�on�nd Aasipa Bow�di Joint and Sevaal Li�btlity= Co-si�ers. The coven�ats aad �greemena of thia
<br /> Securlry Instnunent slu�ll biad�nd benefit the sucassore wd asslgac of Lencler xnd Borrov�et, subject to the provlsinm of
<br /> par�raph 17. Bocrower's coveaAnts and agrxmenta sl�xll be jolnt and severAl. Any Bormwer who co-s1Qas thia Secuclty
<br /> Ia4tcumeat but doea nat exxute the Nate: (a)is co-�aigaipg thia Sxurity Instnuaent ouly tu mort�e.�rwat�tnd eomey ttu�t
<br /> Borrower'e Iaxrest[n the Pmperty w�der the tecros of thia Securlty Inatn�meat;(b)b uot personally obU�+�ta!to pay�dt wmr
<br /> exuted by this Saurlty InSttvmeut:�nd(c)YQc+as thxt I.ender and any other Aorrower may a�rx W extead,malify, fotbau or
<br /> m�ke any�ccommaJadot�v wlth re�ud to the tern�s of this Securlty lasuuaient or tLe Note wttlaatt tlut Borrower•t oomeat.
<br /> 13.Lo�p Clwr�a.If the law secutal by this Security Incuwnent Lv subjoct tn�4w wLktx sets muLnum loata et+atQea,
<br /> wd thxt 4w le fiwlly interpntal so th�t the interest or other lwa chuQas collxted or to be ooUated ia connecdon with tl�e
<br /> lo�n excad the pe�miaed Umits, then: (i)auy such loan charge siu�ll be reduced by the amount neassa�y w raluce the ch�r�e
<br /> to the pecmittal Uwit;and(b)any sums�iraidy collectal from Borrower which w�oxded peimitted limits w111 6e refunded w
<br /> ' Borrower. Lender may choose to maice this refund by reduciag the principal owed uader th� Noto or by m�ldng a direct
<br /> psyment w Bonower. If a refuad reduces principul, the reducdon will be ueated as a P� P�Y��wtthout any
<br /> prepayment cbArge wider the Note.
<br /> 14.Notice�.Any nodce to Borrower pmvlded for ia this Securtty Insuument shall be gaven by delivecin�it or by maiUng
<br /> It by fust class mail unless applicable law requires use of another method.The notice shaU be dtrected ro the Property AcWc�es�
<br /> or any other addcess Bonower deslguaus by nodce to Lender. Any nodce to Leader shall be given by first clacs mall to
<br /> Lender's acidnss sGated herein or any other addnss Lender designAtes by notice to Borrower.Any nodce providal for in tt�is
<br /> � SecurIty Inshvmcnt sluill be deemed w l�ve been given to Borrower or i.ender when gtven�s provided in this par�graph.
<br /> ls.Govcrntn� i.aw; Severabil[q. This Securtty Iasuvment sLall be govemed by federal law and the law of tve
<br /> jurjscliction in w�ich the Pcoperty is locatecl.In the event Wat any pmvIsion or clause of this SeeuRty Iasuwneat ar the Note
<br /> conflicts with AppUcable law,such coatlict shall not affect oth�r pmvisions of this Securlty Inswmeat or the Note wlilch can ba
<br /> glven effect w;thout the caatUcdng provision To thts end the provisions of this Sceurlty Insm�ment and the Note are declaral _
<br /> to be severable.
<br /> 16.Borrower's Copy. Borcower sbaU be given one conformed copy of the Note and of this Saurlry Instrumvment.
<br /> Form 3026 8/90
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