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<br /> -- payments muy na langcr be requircd,at tl�c option�f I.c:ndcr, if mortgagc insurnncc covcragc(in thc umount und for thc pericxl
<br /> that L.cndcr requires)providcd by un insurcr approvcd by I..�ndcr uguin becrnncs avuilublc nnd i�;obtoined. Barruwer shall pay
<br /> — the prciniums required to maintain monguge insursnce in effcct,Qi IO PiOV1QC U I095 fC5CNC,until the requirement for mortguge
<br /> insurunce ends in accordunce with any wriuen agreement between Borrower and l.ender or nppliciiUlc li�w. �
<br />-- — 9. Inspectlon. L.cndcr ar i[s agent mny rnnkc reasonnblc cntrics upon und inspectiuns of the Property. I.endcr shull give� �
<br />--� Borrower notice ut the time of or prior tu un inspection specif��ing reasonable c.tnse fnr thc inspection.
<br /> -----� 10. Condemnntlon. The proce.�ds of any awurd or cluim for damages, direct or conseyuentiul, in connectian with any�
<br /> condemnadan c�r ather tuking of any part of thc Pmperty,ar for cunvcyance in licu of cundemnution, are hcreby ussignul and�
<br /> shall bc paid ta l.endcr.
<br /> In the event of a totul taking of the Pmperty,the proceeds shall be applicd ta the sums sccurcd by this Securiry Instrument,
<br /> wheiher or nat then duc, with any exccss paid to Borrower. In the evcnt of a purtial taking of thc Property in which the fai
<br /> .� market value of the Propeny immediately before the taking is u�ual to or grcater thnn the nmount of the sums secured by thi�
<br /> Security Instrument immedintely before the taking, unless Borrower and Lender othenvise ugree'sn writing,the sums secured by
<br /> • this Security Instrument shalt be reduccd by thc amount of thc proceeds multiplied by [l�e followin� fraction: (a) thc total
<br /> amount of the sums secured immediately before the taking, divided by (b)the fAir murket value of the Property immediatcly
<br /> before the t�king. Any balunce shall be puid to Borrower. In thc event of a partial taking of the Property in which the fAir
<br /> market vulue of the Property immediately before the taking is less than the amount of the sums secured immedlately before thc
<br /> _ _ taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwlse provides, the proceeds shaU `
<br /> be applied to the sums secured by this Security Instrument whether or nat the sums are thcn duc.
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the co�idemnor offers to make an
<br /> - nward or settle a claim for damages, Borrower fails to respond to L.ender within 30 days ufter the date the notice is givsn,
<br /> Lender is zuthorized ta callect and apply the proceecls,at its optian,either to restoration or repair of the Property or to the sums
<br /> � secured by this Security Instntment.whethcr or not then due.
<br /> linless Lender nnd Bonower otherwise agree in writing. any application of proceeds to principal shaU not extend or
<br /> postpone tbe duc date of the monthly payments referred to in paragraphs 1 and 2 or chnnge the iunount of such payments.
<br /> 11.Borrower Not Released; Forbearance By I.ender Not a Waiver.Extension of the time for payment or modification
<br /> of amortization of the sums secuted by this Security Instntment granted by Lender to any successor in interest of Borrowcr shall
<br /> y not operate ro release the liability of the original Borrower or Borrower's successors in interest. I,ender shall not be required to
<br /> commence proceedings against any succcssor in lnterest or refuse to extend time for papm�ht or otherwise�nodify amortization
<br /> of the sums secured by this Security Instrument by reason of any demand made by ti�c u�igi�iai �orrowe� ��r Bar.:>ucr's
<br /> -- successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be n waiver of or preclude the
<br /> exercise oi'any right or remedy.
<br /> 12. Successors and Assigns Bound; Jolnt and Several Lisbllity;Co-signers. The covcnants and agrcements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subje.ct to the provistons of
<br /> paragraph 17. Borrower's covenants and agreements shnll be joint and several. Any Borrower who co-signs this Security
<br /> Instrumcnt but does not cxecute the Notc: (a) is cu-signing this Security Instrument only to mortgage, grant and convey that
<br /> Borrower's interest in the Property under the terms of this Security Instrumcnt;(b)is not personally obligated to pay the sums
<br /> secured by this Securiry Tnstrument;and(c)agrees that I.ender and any other Borrower may ugree to cxtend, modify, forbeur or
<br /> � make any accommodations with regard to thc terms of this Security instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> _ � and thut law is finally interpreted so that the interest or other ioan charges collected or to be collected in connection with the
<br /> loan exeeeci the pecmitted limits, then: (u) uny such loan charge shall be reduceci by tlie amount necessury to reduce the charge
<br /> to the permittcd limit;and(b)uny surns already collected from Borrower which excecded permitted limits will be refunded to
<br /> Borrower. Lc;nder muy choose to make this refund by rcducing the principal owed under the Note or by making a direct
<br /> _— payment to Borrower. If a refund reduces principul, the reduction will be treated as a panial prepaymcnt without nny
<br /> — _ prepayment charge under the Note.
<br />---- 14.NoNces. Any notice to Borrower provided for in this Security Instrument shuU be given by delivering it or by mailing
<br /> it by first class mail unlcss a�plirable law requires use of another mcthod.The notice shall be directed to the Property Address
<br />-,_�� or any other address Borrower designates by notice to Lendcr. Any notice to Lender shall be givcn by first class mail to
<br /> —==-'� Lender's address stated herein or any other address Lender designates by notice to Borro�ver. Any notice provided for in this
<br />=��-*"�_� Security Instrument shall be deemed to have been given to Borrower or Lender when given as provideci in this paragraplt.
<br /> :";•, � ' 15.Governing Law; SeveitinbU(ty. This Securiry Instrumcnt shnll be govemed by fcderul law and the law of the
<br />-�=g; ,, jurisdiction in which the Prope�Yy is locuted. In the evcnt thut any provision or clausc of this Security Instrument or thc Note
<br />.__�-_L conflicts with applicable law,such conflict shull not affect other provisions of this Security Instrument or the Note which can be _
<br /> -`';i,�:'?� given cffect without thc conflicting provision. To this cnd the provisivns of this Sccurity Instrumcnt nnd thc Notc arc declured
<br /> ' to be severable.
<br /> • � 16.$orrower's Copy.Borrower shali be givc��one conformed copy of the Note and of this 3ecurity Instrument.
<br /> ' Form 3028 9/90
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