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<br /> 9$- 11��56 �-
<br /> payment�may no longer be rec�uircd,at the option of L,cnder, if mongage in�urancc r,ovcrage(in the amount and for the period �
<br /> that Lcnder requires)provlded by an inaurer approved by Ltnder ngaln becomes available and Is obtained, Borrower shall pay =
<br /> thc premium�required to maintaln mortgage inaurance in effect,ot to providc a loss reserve,untU thc requlrement for mortgage f:.:
<br /> ineurana enda in accordana with any wdtten agrament betwan Bonowcr and L.ender or applicable la��r.
<br /> 9, in��ction. L.endct or ite agent may mnke rcasoneble entries upon nnd Inspecdons of the Propeny. Lendcr shull give �
<br /> Bon�wer notice at the time of or prior to sn inspection specitying reasonable cause for the inspec�ion.
<br /> 10. Condemnatlon. Ti�e proceais of any award or cla9m for damage�, direct or consequential, !n connection with any -
<br /> condcmnadon or ather taking of any part of the Property,or for conveyance in Ileu of condemnation, are hcroby assigned and —
<br /> shall bc paid to Lender.
<br /> In the event of a total taking of the Property,the nrocads shall bc applied to thc sums secured by this Security Instrumcnt,
<br /> whether or not then due, wlth any ezcess paid to Bonawer. In the event of a partial taking of thc Property in which the fair
<br /> matket value of thc Property Immedlately before the taking is cqusl to or gnater than thc amount of the sums secured by this
<br /> Security Instrument immediately before the taking,unlcss Bonower and Lender otherwlsc agree in wrlting,the sums sceured by
<br /> thia Security Instrument shall be reduced by the amount of the proceeds multlplicd by the following fraction: (a) the total
<br /> amount of thc sums sccurcd immcdiately before the taking, dlvided by (b) �he fair markct value of the Property immediatcly
<br /> before the taking. Any balance ahall be paid to Bonower, In the cvent of a partial taking of the Property in which the fair
<br /> market value of the Property immediately before tho taking is leas than the amount of the sums secured immediately before the
<br /> taking, uuless�orrower and Lender othcrwisc agrca in writiz�g or ualess spplicable law otherwise pravid�s, the proceeds shAll
<br /> be applied to the sums aceured by this Security Instrument whether or not the sums are thcn due.
<br /> If the Property ls abandoned by Bonower,or if,after natice by I.�nder to Borrower that the condemnor offers to make an
<br /> award or settle a claim for damages, Borrower fails to respond to I.ender within 30 days after the date tha natia is given,
<br /> Lender ls nuthorized to callxt and apply the proceeds,at ita option,either to restocatfon or repair�f the Property or to the sums _
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Bonower otherwise agree i� writing, any application of proceeds to principal shall not extend or
<br /> postpone the due dete of the monthly payments referted to in paragraphs 1 and 2 or change the amount of auch payments.
<br /> 11.Borrower Not Rele�sed; Forbearance By Lender Not w Weiver.Bxtension of the time for payment or modification
<br />- of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not optrate to nlease the liability of the original Banowet or Bonower's successors in interest. Lender shall not be requind to
<br /> . r,o^�me^.:c grcc_,.^�3ir.;s«o«.�SLt«°.R� t�1rrwcg��it!jntrmct �r r�fner to extend lime for paymcnt or otherwise modifV aznortizatioA
<br /> of the sums secured by thls Secudty Instrument by reason of any dcmand made by the original Borrower or Borrower's
<br /> successors in intenst. Any forbearance by Lender in exercising eny right or remedy shall not be a waiver of ur preclude the
<br /> , exercise of u�y right or nmedy.
<br /> 12. Successors s►nd Assignv Bound; Joint Rnd Several Llability; Casigners. The covenants and agreements of this
<br /> Security Ins[rument shall bind and benefit the succtssors and assigns of Lender and Bonower, subject to the pnovisions of
<br /> paragraph 17. Bonower's covenants and agreements shall be jo(nt and several. Any Bonower who co-signs this Security
<br /> Instrument but das not axxute the Note: (a) is co•signing this Security Instrument only to mortgage, grant and convey that
<br /> Bonower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums
<br /> securtd by thls Security Instrument;and(c)agrees that Lender and ar►y other Aonower may agree to extend, modify,forbear or
<br /> make any accommodations with regard to the terms of this Security[nstrument or the Note without that Borrower's consant.
<br /> . 13.I.oan CharQes. If the loan secured by this Security Instrument is subject to a law which sets maximum luan charges, _
<br /> and that law is finally [ntecpreted so that the interest or other loan charges collxted or to be collocted in con�iation with the
<br /> loa�i excad the pemuttal llmits, then: (a)any such loan chazge saall be reduced by the amount necessary to raluce the charge
<br /> to the permitted limit; and(b)any sums already collected from Botrower which exceeded pemuttod liinita wlll be refundtd to
<br /> Borrower. [.endcr may choose to make this refund by reducing the princlpal owed under the Note or by making a d(rect
<br /> payment to Borrower. If a nfund reduas principal. the reduction will be treat�d as a partial prepayment without az►y
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instcument shall be given by delivering it or by maiting
<br /> {c by first class mail unless appl[cable law requins use of another method. The notice shxll be directeci to the Propeny Address
<br /> or any other address Bonower designates by noticc to Lccidcr. Any notia to Lx.nder shall be given by first class mall to
<br /> Lender's address stated herein or any other uddress Lender designates by notice to IIorrower. Any notice provided for in this
<br /> Security Instn►ment shall be damed to have been given to Borrower or Lender when given as provided in this paragraph.
<br /> 15.Governing Luw; Severabll[ty. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Propeny is lecated. In the event that any provision or clause of this Security Instrament or the Note
<br /> ' conflicts with applicable law. such conflict shall not affect od�er provisions of thls Security Instrument or the Note which can be
<br /> given efYect wtthout the conflicting provision. Tu this end the provisions of this Security Instrument and the Note are declared
<br /> to bc severable.
<br /> 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrament.
<br /> Form 302H 9/90
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