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<br /> pAyments may no langer t►c requlred,�t tha op�lon of Lender, if mortgAge Insurancc coverage(in thc amount and for th�period
<br /> ttut l.ender requirc�)provlded hy�n liisurcr �pprovai by L.endet again becomes available and ig o6taincd. Bon•ower shall pay
<br /> ihc premiumi requlrocl to mdnuln mon�A{e insuru►cc in effect,or to providc a loss rescrvc, untfl thc requlrement for mortgage
<br /> Insurance endi in accord�na wl�h�ny w�inen�grcematn beiween Borrower and Lender or appllcablc law.
<br /> �. In�pectlaa� L.tttder nr Ita A�ent m�y make re�son�ble cntrles u{xin and inspectione of Ihc Property. Lender shall give
<br /> Borrower notice xt the time af or prior to�n inspec:tian apecifying reasonable causc for the inspection.
<br /> 10. Condemtuitlon. The praceeda af any nwArd or claEm for detr,ages, direct or con.requential, in connection with any
<br /> condemnatlun or other twking of�ny p�►rt of the Propeny,ar for conveyance in Ueu of con�iemnetion,are hereby wsigned and
<br />� shall be p�id to L,ender. �
<br /> in the event of�tot�l�akin�of Ihe Propeny, the proceeds ah�ll be applled to the sum�sccurod by tbis 5ecuricy lnstrun�cnt,
<br /> whether or not then due,with u►y exce��paid to Rorrower, In the event of a puUal tRlcing of thr Pmpeny in which the fafr
<br /> �narket value of thc Property immediuely bcforc the taking in equal to�r graater Ihan the amount of the sums sexurcd by this
<br /> Securiry In�trument immedi�tely be[orc the taking,unless Borrower anJ l.ender atherwfsc�grec in writing,the su�ns secured by
<br /> thfe Security instrument shall be reduced by the unount af the proceede multiplied by the toUowir�g fraction: (a) the total
<br /> amount of the sums stcured immediuely bsfore the taking, dividod by (b) the feir market valua of thc Property immediately
<br /> txfore the uking. Any b�lu►ce shall be p�id to Borcower. 1� thc e��cnt of a partial taking of the Property in whici� Qic falr
<br /> muket valuc of the Propeny immedi�tely before the taking is less thu►the amount of the sums secured immaliatcly before thc
<br /> taking, unlesa Uunower and Lencler otherwlse agree in wrlting or unless appliceble law otherwise provide�, the prcexds shall
<br />- be applfed to the sums secured by thie Security Instrument whether or not thc sums are then due.
<br /> If the Propeny is abandoned by Borrower,or if, after notia by L�ender to Borrower that the condemnor nffers ta make an
<br /> awazd or settle a claim [or damagoa,Bortower fails to cespond to Lender within 30 days after the date the notice is given,
<br /> Lendar is authorixt�!to collect and apply�he proceeds,at its option,oithcr to restoration or repair of the Property or to the sumc
<br />' socural by thi�Sccurity Instrucnent. whother or not then due.
<br /> Unloss Lander and Borrower ahenvise agra in writing, �u►y �pplication �f procecd� to principal shdl not axtend or
<br />= postpone the due date of the monthly payments referred to in parugraphs l and 2 or change the Amount of such payments.
<br /> 11.Aaruwer Not Rdewed; Forbairance �y I.tnder IVot�Wdvar. Extension of the time for payment or modification
<br />- uf amortiz�tion of the sums secured by Chis Securiry Instrument grantcxl by l.ender to any successor in lnterest of Borrower shall
<br /> not operete to relesse the liabiliry of Ihe odgitul Bocrower or Borrower's suecessaro in Interest. Lender shall�at be required lo
<br /> commence procadings agunst any successor in iaterest or refuse to extend time for payment or otherwise nwdify amortizuion
<br />- of the sums sxured by this Security Instrument by reason of any d�mand made by the original Borrowcr or fiormwcr's
<br /> successor� in interest. Any forbeazance by l.ender in eaercising any right or rcmody�hall not be A waiver of or praclude the
<br /> exercise of any cight or remody. .
<br /> 12. Suce�csors aed Asdens Bound; Joint pnd SeverAl Llabilit�; Co-siRners. The covenants and agreements of this
<br /> Security [nsuument sl�all bind and benefit the successors and assigns of Lender and Borrower, subj�ct to the pro��isiona of
<br /> paragraph 17. Borrower's covenants and agreements shall be Joint u�d several. Any Borrower who co-signs this Securiry
<br /> Insuument but das noi ea�cute the Note: (a)is co-signing this Securiry Instrurt�ent only to rtartgage, gruit and convey tlut
<br /> Borrower's intercst i.�the Propeny under the[enns of this Security Instrument;(b)is not personally obligueri to p�y the sums
<br /> se�;urrxl by this Security lnstrument;and(c) agrees that I..ender and any other Borrower may agra to eatend, modify,forbeu or
<br /> make any accommodations with regard to�he terms of this Securiry Instniment or the Note without that Borrower's consent.
<br /> !3.I.o�n CbAr�ew.If the loan secucod by this Securiry Instrument is subject to a law which sets mwcimum loan chuges,
<br /> and that law is finally inte�pntod so that the interest or oth�r loan cbarges colloctod or to be coUectod in connection with tlx
<br /> loan exc,exd the�ermitted limits,thrn: (a)any such loan chuge shAll be roduced by the art�ount necessaq+to redua the charge
<br /> to tha pe�mittaf limit; and(b)any sums�Iz-eady collected from Borrower which excaded permittal limits wiU be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under tht Note or by mafcing a direct
<br /> payment to Borrower. If a rcfund r�educes principal, the raluctiun will be tnated as a partial prepaymrnt without any
<br /> prepayment charge under the Note.
<br /> 14.Notka.My notic�e to�orrower providal for in this Security Insaument shall bo given by delivering it or by muling
<br /> it by first class mail unless applicable law requires use uf another method.The notia shall be directed to the Propeny Address
<br /> or any other address Borrower d�signata by nntice to Lender. Any notice to lxnder shall be given by ficst class mnil to
<br /> Lender's address statal herein or any other addreas Lender designates by notice to k3orrower. Any notia providod for in this
<br /> Security Inswment shall be deemed to hnvc been given to Borrower or I.�ender when geven as provided in this puagraph.
<br /> 15.Governin� I.nw; Severabllity, This Securiry Jnstrurnent shall be governed by fcderal law and the law of 1he
<br /> jurisdiction in which the Property is loc�ted.In the evcnt that any provision or clause of this 5cxudty In�trument or the Note
<br /> conflicts with applicable law,such conflict shall not affect othar provisians of this Security Instrument or the Note which can be
<br /> given effect without the conflicting provision.To this end the provisions of this Security 1�istrument and ihe Note are declared
<br /> to be severable.
<br /> 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 9(90
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