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<br /> " � paymcnt9 may no longcr txs rcyuircd,at thc opdon of Lcndcr,if mangagc insuruncc crncrngc(in thc tunount and for�hc peric�d
<br /> that Lcndcr�cqulrc9)providc4 by wi insurcr upprovcd by L.cndcr aguin bcxomcs ovailabla und is obtaincd.Borrowcr shnll pay thc
<br /> �� prcmlums requircd w maintaln mortgagc inourancc fn cffcct, or to providc a loss rescrvo, unU! tho rcquircment for mortgaga �
<br /> insurancc cndv in ar,cordancc with any wrlttcn agrccmcnt bctwccn 8orrowcr und Lcndcr or upplicablc luw.
<br /> , , 9•Inapection. L.cndcr or its agcnt may makc rcasonablc cntrics upon enrJ inspcctlons of thc Property.Lendcr shall givc ��"�
<br /> ��� Borrowcr nodca at thc tlmc of or prior w an inspcclion spACifying rcasonabla causo for 1hc inspcctlon. '"'-=
<br /> ,,�,,,,,,,,,r� 10.CondemnAtbn. Thc procccds of any awerd or claim for damagcs,dlrcct or canscqucntial, in connccuon with any •.'��-�
<br /> candcmnadon or other laking of eny pan of thG Property,or for convcyancc In licu of condcmnation,erc hcrcby assigncd and ���=
<br /> shall bc paid to Lcndcr. =_"
<br /> In�hc cvcnt of a total taking of thc Propcny.thc praccccis shall bc appllod w thc sums sccnrcd by this SccurIry Instrumcnt, -
<br /> whethcr or not thcn duc,with any excess paid to Horrowcr.In thu cvc�t of u partial taking of thc Peoperty in which the fair merkct ---
<br /> velue of the Property immediatcly before tha taking is equel to or grcatcr than Ihe amount of thc sums secured by this Security ----
<br /> Insdument immedlately beforc the taking, unless Borrowcr and Lcnder othcnvfsc agrcc in wr�ting, thc sums sccurcd by this -
<br /> � Sccurity Inswmcnt shall bc rcduccd by thc emount of thc procccds multlpltcd by the followIng fracdon: (a)thc wtal amou�t of
<br /> ;� thc sums securcd immcdiately bcforc tha taking, dividcd by (U) the feir markct valuc of thc Property immcdiauly befar�e thc t;;=--
<br /> takir�g.Any balancc shall bc paid w Borrowcr.In thc cvcnt of a pa.-tial taking of thc Property In which thc fair markct valua of thc -
<br /> . Pcopaty immediately before the taking is less than the amount of the sums Scc.ure�l immedIetely before the tnkic�g, unlcss -
<br /> ii Borrower and Lender othcrwise agree in wridng or unless appllcablc law otherwisc providcs,the procccds shall be applled to thc --
<br /> siuns secured by this Sccurlty Insaument whether or not the sums are then due. ';�_-_
<br /> If the Property is abandoncd by Bonowcr,or iI,aft�r nodce by Lender to Bonower that thc condemnor offcrs to make an
<br /> � awerd or seule a claim for damages,Horrower fails w respond to Lender within 30 days after the dato the nodce is given,I.eader -
<br /> is authorized to collect and apply the prdceeds,at its opdon,either to restoration or repair of the Property or ro che sums secared -
<br /> by this Seciuity Instrumetit,whed�u or not then due, E;.`
<br /> Unless I.ender and Borrower othcrwisc ce in wriqn ,an `-<
<br /> a8� g y anplicatlon of prc�ceeds w pdncipal shall not extend or posipone —
<br /> � the due dat�of the monthly payments referred to in paragraphs 1 and 2 or chenge the amount of such payments. -•-
<br /> 11.Borrower Not�tekased;Forbearance By Lender Not A WAiver, Sxtension of the time for payment or modificadon =•
<br /> � of emortizadon of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall --
<br /> __ � _ not opetate co release thc liabiUty of the original Aorrowcr or Borcower's successors in interc.a�1.ende.r��at�nQi b�rt��ired to '
<br />- ' comm�nce proctxdings against any successor In interest or refuse to oxtend tlme for payment or otherwise modlfy emortization of
<br /> the sums secured by thls Security Insm�ment by reason of any demand rnade by tl�e orlginal Borrower or Borrower's successors
<br /> . in interes�Any forbcarance by Lender in exe�cising any right or remedy shall not be a waiver of or preclude the exercise of any
<br /> ' dght or remedy. -•
<br /> � 12.5ucces,wrs And Assigns Bound;Joint And Several Li�bility; Co•signers. The covenants and agrecments of this f�
<br /> Security Instrument shall bind ar� benefit the successors and asslgns of Londer and Borrower, subject to the provisions of �'`
<br />_ paregraph 17. Bonower's covenants and agnsments shall be joint and seve�al. Any Borrower who co-signs this Security
<br /> • Instrument but does not execute the Note: (a) is w•signing this Security Instrument only W mortgage,grant and comcy that �_�
<br /> . Borrower's Interest in thc P.roperty undcr the terms of this Secwiry Instrument;(b) is not personally obligated to pay the sums �`--
<br />_. sccurcd by this Socurity Instrument;and(c)agrees that Lcndcr and any�ther Borrower may agrcc to cxtend,modify,forbear or �`
<br /> � make tiny accommodations with regard to the terms of this Security Instrument or tha IYote without that Borrower's con.senG =-
<br />- ..� 13.Loan ChArges. If the loan secuxed by this Security Instrument is subject w a Inw which sets maximum loan charges, F-_
<br /> end thAt law is finally inteipreted so that the interest or other loan charges collected or to be collecced in connecdon with tho loan r'�_
<br />- . excoed the permitted Wnits, then: (a)any such loan charge shell be reduced by the amount nocessary co reduca the charge w the
<br />_ pemtiued limIt;and(b)t�ny sums alrc�dy collected from Borrower whIch exceeded permitted limits will be refunded to Borrower. = -
<br />— .., I..ender may choose to make this rofund by reducing U�e principal owed under the Note or by making a direct payment to �'-
<br /> _ Borrowcr. If a refund reduces principal, thc reducdon will lr trcatsd as a pardal prepayment without eny prepayment chsuge �'�``-
<br /> _ _ undcr thc Nou;.
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<br /> - 14.Notkes. Any nodce to Borrower provided for in this Security Inswment shall be given by delivering it or by mailing it ���
<br /> by C�rst class m�il unlcss applicable law rcquires usc of another method.Thc nodcc shall bc directcd to the proporty pddress or -
<br /> any athcr address Borrower designetes by nopce to I.ender.Any noGce to Lender shnll be give��by first class mail to Lender's
<br /> address atated hcrcin or any other address Lender dcsignates by nodce to Borrower. Any nadce provided for in this Sccurity r��-�=
<br />- • Inswmcnt shall bc dcemcd co have bccn givcn to Borrowcr or Lendcr when givcn as provided in this paragraph. ``—
<br />- 15.Gove�ning Law;Sieverabtlity. This Sccuriry Ynstrument shall be governed by federul law and the law of the �`���
<br /> jurisdiction in which the Propc�cy is located. In tha event that any provisiun or clausc of this Security Instrument or the Notc
<br /> conflicts wiUi applicuble law.such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> I given effect without the conflicring provision.To this end the provisions of this Security Instrument and the Note are declared to
<br /> - bc scvcrable.
<br /> ' Fo�m 3028 9/90
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