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<br /> 98- 112'735
<br /> payments may na longer be required, at the opt�on of I.�nder. if rrsongage insurance coverage(in the a►nount and for the period
<br /> that L.ender requirca)provided by an insurer approved by l.endcr again bccomes available and is obtained, I3orr�wer shall pay
<br /> th�prcmlums requlred to tnain[ain mongage Insurance in effec6 or io provide a lass reservc, until the requiremcnt for mangage
<br /> insurance ends in accardance with any written agreement betwan Borrawer and I.ender or applicable law.
<br /> 9. In.+pection. Ler.der or its agent may make reasonable entries upon and inspections of the Property. Lender shall givc
<br /> Iiorrower nolice at the time of or prlor to an Inspoction specifying reuonable cause fox the inspection.
<br /> 10, Condemnwtlon. The prceads of any award or claim for damagcs, direct or consequentlal, in connec►ion with any
<br /> condcmnation or other taking of a��y part of the Property, or for conveya�ice in llcu of condcmnation, are hereby assigned and ___
<br /> shall be patd to Lendcr,
<br /> In the event of a total taking of the Property,the proceeda shall be applled to the sums secured by thic Security Instrument,
<br /> whethcr or nat then duc, with any excess peid ta f3nrrower. In tl�e event of a partial taking of the Pr�pcny in which thc fair
<br /> market value of the P�openy inlmediately before the taking is equil to or greater than the amount nf thc sums secured by this
<br /> Security Instrument immediatcly bcfore the teking, unless Borrowerand Lender otherwise agrec in writing, the sums secured by
<br /> thls Security instrurnen[ shall be reduced by the amount of�he procecds multiplied by the following fraction: (a) the total
<br /> amount of the sums secured immediatcly before the taking, divided by(b)the fair market value of thc Property immediately
<br /> before the taking, Any balance shall be paid to Borrower. In tt�e event of a partial taking of[he Property in which the fair
<br /> markct value of the Propeny immediately before thc taking is less�han the amount of the sums secured immediately before thc
<br /> taking, unlcss Borrower and l.ender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall
<br /> be applied to the sums secured by this Security Instrument whe�her or not[he surns aze then due.
<br /> [f the Property is abandoned by Borrowcr,or if, after notice by Lendcr to Borrower that the condemnor offers to makc an
<br /> award or settle a claim for damages, Borrower fails to respond co Lender within 30 days aAer tl�e date the notice is given, -
<br /> I.ender is authorizod to collect and apply the proceeds,at its option,either to restoration or repair of the Prnperty or to the sums
<br /> sccured by this Socurity[nst�ument,whether or not tl�en due.
<br /> Unlesa L,ender and Bortower otherwise agree in writing, any a(�plication of proceeds to principal shall not extcnd or
<br /> postpone ihc due date of the monthly payments referrcd to!n paragcaphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Relmsed;ForbeArnnre By Lender Not p Waiver.Extension of thc time for payment or modification
<br /> of amortization of the sums secured by this Security Instrument gr�nted by Lender to any successor in interest of Bortower shall
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. L.ender shell not be requircd to
<br /> commence procecdings against any sucGOSSOr in interest or rcfuse to extend timc for payment or otherwise modify amortization
<br /> of tbe sums secured by this Se..urity Instcument by reason of any den,and made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> exercise of any right or remaiy.
<br /> 12. Successors and Ascigns Bound;Joint and Sever�l I,bbility; Co-signers. 'fhe covenants and agretiments of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Horrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agraments shall be joine and several, Any Barrower who co-signs this Security
<br /> Instrurmnt but das not.execute the Note:(a) is co-signing this Sccuriry Instrument only to mortgage, gran[and convey that
<br /> Borrower's interest in the Propeny under the tenns of this Security lnstrument; (b) is not personally obligated to pay the sums
<br /> sceuced by this Security Insicuraent; and(c)agrees tha[Lender and any other 13orrower may agree to extend,modify, forbear or
<br /> make any accommodations with regard to the terms of this Security Instniment or the Note without that Borrower's consent
<br /> 13.Loan Charges. If the loan secured by this Security Instmment is subjat to a law which sets maximum loan chazges,
<br /> and that law is finally inte�preted so that the int�rest or other lo�n chazges collected or lo be collected in wnnxtion with the
<br /> loan cxceed che permittai Nmits,then: (a)uly such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit; and(b) any sums already collxted from Borrower which excaded permitted liniits will be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owod under the Note or by making a dircet
<br /> paym�ent to Borrower. If a refund reduces principal, the reduction will be treated as a partiel prepayment without any
<br /> prepaymen[charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided far in this Saurity Instn�ment shall be given by delivering it or by mailing
<br /> it by �rst class mail unless applicable law requires use of anothermethod.The notit:e shall be dirated to the Property Address
<br /> or any other address Borrower designat�s by notice to L.endcr,Any notice to Lender shall be given by first class mail to
<br /> Lender's address stated herein or any ocher address I,ender designates by notice to Bonower. Any notice provided for in this
<br /> - Securiry Instiucnent shall be dcemed to have been given to f3orcower or Lender when given as providai in this paragraph.
<br /> 15.Governing Iaw; Severabtlity. This Security Instrunxnt shall be governed by federal law and the law of the
<br /> - jurisdiction in which the Propeny is loca.ted. In the event that any provision or clause of this Security Instrument or the Notr,
<br /> conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrurnent or the Note which can be
<br /> _ given effect without thz conflicting provision. To this end the provisions of this Security Instrument and the Note are dxlazal
<br /> _ ' to be severable.
<br /> . 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of[his Security Instrument.
<br /> - Form 3028 9/90
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