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<br /> payments may rw lon�er be requlred,et the option of Lender,if mongage insurance coverAge(in the xmount and for the period
<br /> that Lender rcquires) pravfded by an insurar appro��ed by L.ender again becomes availsblo and is obtalned, Barrower shali pay
<br /> the ptomlum�required�o mtint�ln mortgage insurana in effect,�r to provide a loss reserve, until the requiremcnt for martgage
<br /> insurance ends in accordance with any written agreement between Borrower and l.ender or applicable law.
<br /> 9, Inepectlon. l.cndcr or its agent may mako reasonable entries upon and lnspections of the Propeny. l.ender shall glve
<br /> Borrower notics at thc tlme of or prior ta an inspection specifying rensonablc cause for thc lnspcction.
<br /> !0. Condemnation. The proceeds of any awarcl or claim for damages, dlra.t or coi�sequential, in connection wi►h any
<br /> condcmnadon or other taking of any part of the F'ropeny,or for conveyance in lieu of conciemnatlon, nre hereby assigned and �
<br /> ahali be paid to Lender.
<br /> [n the event of a total taking of the Property, the proceeds shall be applied to the sunu secured by this Security Instcument,
<br /> whether or not then due, wi[h any eacess paid to Borrowcr. In thc event of a partial taking of the Praperty in which the fair
<br /> market value of the Property immedlatcly before the taking is equal to or greater than the amount af the sums secured by this
<br /> Security Inst�ument immcdiately before the taking, unless Borrower and Lendcr otherwise agrce in writing,the sums secured by
<br /> this Security Instn�ment shall be reduced by the amount of the prceeods multiplicd by the following fcaccion: ta) the tatal
<br /> amount of the sums secured immediately before the taking. divided by(b) the fair�narket valua af the Property imme�iately
<br /> before Ihe taking. My balance shall be paid to Bonower. In the event of a partial taking of thc Property in which the falr
<br /> market valuc of tl�e Property immediately before the taking is less than the amount of the sums secured immedtetoly before the
<br /> taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the procads shall
<br /> be applied to the sums secured by this Security Instrumen[whether or not the sums are then due.
<br /> If tbe Property is abandoned by Bonowcr,or if, after notice by L,ender to Borrower that the condemnor offers to malce an
<br />' award or seule a claim for damagcs, Borcower fails to respond to I,end�r within 30 days after the date the notice is given,
<br /> Lender is authariyed to collxt and apply the proceeds, at Its option,either to restoration or repair of the Property or to the sums
<br /> secund by this Security Instrument,whether or not then due.
<br /> Unless L.ender and Bonower otherwise agree in wciting, aay applicatiun of proceeds to principal shall not extend or
<br /> postpone the due date of tha monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> il,Borrower Not Released;Forba�mace By Lender Not a Wa(ver. Extension of tl�e time for paymcnt or modification
<br /> of amortization of thc sums secured by this Security Instrument granted by I.ender to any successor in interest of Borrower stt�ll
<br /> nat operate to release the liability of the original Borrower or Borrower's successors in intenst. Lender shall not be requiitid to
<br /> comimnce proceedings against any successor in interest or xefuse to extend time for paymPnt or otherwise modify amortize�tion
<br /> of the sums secured by this Secur[ry Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> successors in interast.My forbearance by Lrnder in exercising any right or remedy shall not be a waiver of or preclude the
<br /> e�.e;�i�;.of w;y ri;tit or ztx�;.
<br /> 12. Succeseors�nd AasiBn�Bound; Joint �nd Several LlAbility; Co-stgners.The covenu►ts and �ramtnts oi chis
<br /> Security Imtninxnt shall bind and benefit the successors and assigns of L,tnder and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be Joint and sevetal. My Borrower who co-signs this Securily
<br /> lnstrumeat but does not eaxute the Note: (a)is co•signing this Security Instrument only to mortgage, grant and conv�y thAt
<br /> Borrower's intenst in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> sa:ured by this Secudry Instrumcnt;and(a)agrees that Lender and any other Borrower may agra ro extend,modify,forbau or
<br /> make any accomnx�duions with regard to the terms of this Securiry Instrument ar the Note without that Borrower's cons�nt.
<br /> 13.Los�n Ch�r��s.If the loan securixl by this Security Instrument is subject to a law which sets maximum�oan char8�s.
<br /> and that law is finally interpnta!so that the intenst or other loan charges collxted or to be wllxted in connection witb the
<br /> loan excad the permitted limits, then: (a)any such loan chazge shall be reducod by the anwwit nerxssary to reduce the chuge
<br /> to the permi[tod limit;and (b)any sums already collected from Borrower which axcaded pernutted 1[auts will be refundod to
<br /> Boaower. Lender may choose to make tbis refund by ceducing the principal owed unsler the Note or by m�lcing a direct
<br /> payment to Borrower. If a refund reduces principal, the raduction will be treated as a partial PrepaYment w9�hout any
<br /> pc�epayment chazgc under the Note.
<br /> 14.Notice9. Any notice to Borrower provided for in this aecurity Instrument shall be given by delivering it or by mailing
<br /> it by fir�t class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to I.ender shall be given by first clau mail to
<br /> Lender's address statod herein or any other address Lender designates by notice to Borrower. My notice provided for in this
<br /> Secur[ty Instrument shall be deemed to have been given to Borrower or Lendcr when given as provided in thia pu�g�aph•
<br /> 15.Goveroing I.aw; Severobility. This Secudty Instrument shall be govemed by fateral law and the law of the
<br />— jurisdiction in which the Property is lceated. [n the event that any provision or clause of this Securlty Lnstrument or the Note
<br /> conflicts witl►applicible law,such conflict shall not affect other pmvisions of this Sccurity[nstrument or the Note which can be
<br />= given effcet without the conflicting provision.To this ead the provisions of this Securiry Instrument and the Note an 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 90 ,/
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