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<br /> � .paymcnts muy no longcr bc required,at ihe opdon of Lcndcr,if mortgege insurancc covcragc(in thc amount and for tho per�od
<br /> • thuc l.endcr rcquires)proeidcd by an insurcr approved by Lendcr ageln becomes available and Is obtaincd.Borrowcr shall pay thc
<br /> premiums rcquircd to mnlntnin mortgagc insurancc in cffect, or to provide a lass rescrve,undl tho requircmant for mortgege
<br /> insurartce ends in accordnnce wIth any wrltten agreement between aonower nnd L.ender or uppltcublo law.
<br /> 9.InspecNon. Lcndcr or Its ugcnt may makc rcasonabla enMes upan and lnspecdon9 of the Property. I.cndcr shNl give
<br /> Bonower nodce at Iha dme oE or prlor to an Inspecdon specifying reasonable cause for the inspecdon.
<br /> 10.Condemnatioa. The proceeds of any award or clalm for demnges� dlrect or consequendal, in conner.tlan with any
<br /> condcmnation or other taking of any part nf the Property,or for convcyanca in lleu of condemnatIon,are hereby as�igned and
<br /> shall be puld to I.ender.
<br /> In tho event of a total taking of the Prop�;rty,�}ia Uroce�ds shell bu applEcd w the sums secured by th�s Security Instrument, _
<br /> whether or not then duc,with eny exccss psiid to Borrower.In dzc evcnt of a partial takinB of the Property!n which the falr market
<br /> valuo of thc Property immediately beforo the taking ts equal to or grr,ater then the amaunt of the aums secured by this Sxurity
<br /> Instrument immedlately before �he taking. unless Boaower and Lender othawise agrec in wridng,tha aums secured by this
<br /> Security Instrument shall ba rcduced by the amount of�he proceuls mulNplied by tho following fracdon: (u)the total amount of
<br /> the sums sccurcd immedlately before the taking,divIded by (b)the fair market value of the Propecty immcdtacely before the
<br /> taking.Any balancc shall be paid to Borrower.In tha cvent of a pardal teking of thc Property{n which the fair market value af the
<br /> Property immediatcly before the taking is Icss than thcs amount of ihe sums secured immedistely before thc takL�g, unless
<br /> Borrower and Lender othcrwise ugree in writlnK or unless appllcable law otherwise provides,the procecds shall be applled to the
<br /> aums secured by this Securlty Instrument whether or not the sums are then duc.
<br /> If the Property is abandoned by Borrowcr,or if,aftcr noace by Lender to Bonawcr that the condemnor offers to make an
<br /> award or seule a claim for damages.Bortower fails to respand to Lendu withln 30 days after the date the nodce is glven,Lender
<br /> is suthorized w coUect and apply the proceeds,at its opdon,etther to restoradon or repair of the Property or to the sums sesured
<br /> by this Securiry Instrument,whether�r not then due.
<br /> Unlcss I.ender and Borrowa otherw3sez agrce in writtng,any epplicadon of proceeds to princlpal shaU not exund or postpone
<br /> the due date of the monthly payments refened to in paragraphs 1 and 2 ar change the amount of such payments.
<br /> 11.Bonowcr Not Released;Forbearaace By Lender Not a Watver. Extension of the timc for payment or modificapon
<br /> of amartlzatton of the sums secured by this SecurIry Instrument granted by Lender to any successor in�nterest of Borrower shall
<br /> not operace to releace tha liabiliry of the odg{nal Borrower or Borrowu's successors in interes�I.ender shaU not be requ�red co
<br /> commence praceed3ngs against any successor In interest or refuse to extend dme for payment or otherwise modify amortizadon of
<br /> the sums secured by this Securiry Instrument by m,ason of any demand made by the original Boirower or Borrower's successors
<br /> jrt interesG Any forbearance by Lender in exercising any dght or remedy shaU not be a waiver of or p�reclude the exercise of any
<br /> right or remedy.
<br /> 12.Successors And Ass[gns Bound;Jotnt and Several Ltabllity;Co-slgners.The covenants and agreements of this
<br /> Security Instrument shall bind and bene�t the successors and assigns of Lender and Borrower, subjeci to iha p�vvuioiu vf
<br /> paregraph 17. Bonower's covenants and agreements shall bc jaint and several. Any Borrower who casig�s this Security
<br /> Insaument but das not execute the Note: (a) is co-sigr.ing this Security Instrument only to mortgage� grant aad convey that
<br /> Borrower's interest ia the Property under the terms of thls SecurIry Instrumen�(b)is not personaUy obllgated to pay the sums
<br /> secured by this Security Instrument;and(c)agree.v that L.ender and any other Boaower may egree to extond,modify,forbear or
<br /> make any accomr�odadons with regard to the terms of this Securiry Insuument or the Note without that Borrower's consenG
<br /> 13.Loan Charges. If the loan secured by ihLs Security Instrument is subject to a law which sets maximum loen charges,
<br /> and that law is finally interpreted so that the tn[emst or other loan charges wllected or to be collected in connecHon wIth the loan
<br /> exceed the permitted limits,then:(a)any such loan charge shall be reducetl by the amount necessary co reduca the charge to the
<br /> permiued limit;and(b)any sums tilrready collected from Borrower which exaeded permitted limits v�111 be refunded w Borrowa.
<br /> L.ender may choose to make thls refund by reducing the principal owed under the Note or by malcing a eiirxt payment to
<br /> Borcowu. If a refund reduces principal, the reducdon will be treated es a pardal PrePayment without eny prepayment charge
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<br /> under the Note.
<br /> 14.Notices. My noHce co Borrower provided for in this Security Instr�ment ahall be given by delivedng it or by malltng it
<br /> by first class mail unless applicablc law requires use of another method.'1T►e nodce shall be dirocted w tha Aroperty Address cr
<br /> any other address Boaower designates by nodce to Lender.Any not[ce to Lender shaU be given by fust class mail w Lender's
<br /> address staud hecein or eny otl�er address I.ender designates by nodce to Borrowsr. Any notice provided for in thjs Sxuriry
<br /> Instnunent shall be deemed to have been given to Boaower or Lender when given as provided in this paragraph.
<br /> 15.Goveraing Law;Severablltty. 'Itiis Securiry Insuument shall be govemed by federal law and the law of the
<br /> jurisdicdon in wh[ch the Property is located.In the event that aay provislon or clause of this Security Instrument or the Nou
<br /> conflicts with appllcable law,such conflIct shall not affect other prov;sions of this Sec�uity Insuument or the Note which can be
<br /> given effect without the conflicdng provision.To this end the provisions of this Secudty Inshument and the Nou are declared w
<br /> be sevecablc.
<br /> Form S02S 0/90
<br /> f�-OR(NE)c9z�s�.oS Pap�4 016 Initlatt:
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