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• : ' � , " ..' ' . . �e,lr.� _ __ <br /> ..�_..�.... �.�... . <br /> 7►aianca....�e __. :...,. " _"" ' . . � JL:_��.i�'c:�..iZ�_�'.3'.ia'.�.�?""rt -,_. <br /> _ _ __ <br /> . . 98- ss�sso <br /> paymeats nney no loager�e required,zt the option of L,ender,if mortgage insurance coveruge(in the umount and for the per;od <br /> that I.ender requires)provided by an insurer approved by 1.endcr again becomes uvailable and is obtained.Borrower shall pay <br /> thcpremiumercquiredto maiutainmortgagoinsurancCin effect,or to provide a loss reszrve,until therequiramcntfor mortgagc <br /> inaurance ends in accordance with any written agsement between Borrowcr and l.ender or a�plicable law. <br /> 9. In�pection. Lendcr or its agent may make reasonahleentrics upon and inspcctions of thc Property.LcnderFhall qive <br /> Borrower notice at the time of or prior to an inspection�speciPpng r�asonablo cuuse for thc inspcction. <br /> 10. CoodemaxUoa. The proceeds af any awacd ar r.laim for damages,direct ar consequential,in connection with any <br /> condemnationor other taking of any part of the Property,or for conveyance in lieu of condemnation,rnc herCby assip,ned and <br /> shall bc paid to l.,cnder. - <br /> Ia tbc cveat of a total teking of the Property,the proceedsshall bc applied to thc sums s�curcdby this Security Instrument, <br /> whether or not thea due,with uny exccss paid to Borrower.In the evcnt of a partial taking of the Property in which the fair <br /> raarket value of the Property immediately before the taking is equal to or gteater than thc amount of the sums secured by this <br /> Sccurity Inattumentimmediatelybeforethe taking,unless Borrower and Lcnder otherwisc agree in writing, tht sums sccuredby <br /> this Seeurity Instcument shall be reduced by the amuunt of the proceeds multiplied by the follawing fraction: (a)the total <br /> umount of the sums secured immedi�tely'hcfore the taking, dividcd by (b)the fair markct valoe of thC Property immed'w•tcly <br /> before the taking. Any balance shall be paid to Borrower.In the event of a partial taking of thc Property in which the fair <br /> markot value of the Property immectiately before tht taking is less than thc amount of the sums secured immeciiatelybefore thc <br /> taking, unless Borrower and Lender otherwise agrec in writing or unlcss applicable law othcrwise provides, tho proceeds shall <br /> be applied to the sums secuted by this Security Instxument whether or not the sums are thcn due. <br /> If the Property is abaadonedby Borrawer,or if, after notice by I..eadcr to Borrower that the condemnoraffers to make an <br /> award or sotde a claim for damages,Borrowex fails to respond to L.cnder within 3Q days after thc date the notice is given, <br /> Lenderis authoriztdto collect and apply tlie proceeds,at its aprion,cithcr to restorationor repair of the Propctty or to the sumF <br /> secured by this Security Instrument,whether or not then due. <br /> Unless Lender and Borrower otherwise agcee in �vriting, any application of proceeds to prinupal shall not oxtend or <br /> postpone the due date of the monthly payments referrcd to in parag�aphs 1 and 2,or change tha amount of such payments. <br /> il. BorrmNer Not Relwsed;Forbear�dce By Lender Not a Wdver. Extonsion of the time for payment or modification <br /> of amortizationof thesums securedby tbis Security Instrum.entgrantedby Lenderto any successorin interestof BonowershaU <br /> not operate to release thc GabiGty of the original Aorrower or Borrower's succassors in interest.I.ender shall not be requiredto <br /> commenceproceedings against any successor in intarest or refuse to extend time for payment or otherwise modity amortization <br /> of the sums secured by this Security InsUumcnt by reason of any dcmand made by the original Borrower or Borrower's <br /> successors itt interest.Any forbearanceby Lender in exercising auy right or remedy shall not be a waiver of or preclude the <br /> exercise of any right or remedy. <br /> �. Siieiza8uia�iasu i+a"o"'�:.a .°+8i3G2�.'� ,ir�:::»�� �LJ-;»I i��1+iH_hr� f n-gio�n�r�, Thr cnvenants and a¢reementsof [his <br /> Security Instrument sball bind and bcnefit the successors and assigns of Lender and Borrower, subject to the provisions of <br /> paragraph 17. Borrower's covenants and agreementsshall be joint and several. Aay Borrowcr who co•si�ns tLia Security <br /> Instrumentbut does not execute the Note:(a)is c�-signing this Security Instrumentonly to mortgage,grant and convey that <br /> Borrower's int�rost in the Property under the terms of this Security Instrumcnt;(b)is not personally obligated to pay the sums <br /> securedby this Seeurity Instrument;and(c)agrees that I..ender and any other Horrower may agree t�extend,modify,forbear or <br /> make any accommodations with regard to the terms of this Security Instrument or the Note without that Bonower's consent. <br /> 13. LoAn Chat�es. If the loan socured by tlus Security Instrumentis subject to a law.vhich sets maxia►um loan chargea, <br /> and that law is finally interpretedso that the interest or other loan charges collected or to be wllected in conn�etioa with the <br /> loan exceed the pamittedlimits, then:(a)any such loan ahazge shall be reducedby the amountneassary to redua the charge <br /> to the permittedlimih and(b)any sums already collected from Borrower which exaeded permittedlimits will be retunded to <br /> Borrower. Lender may choose to make tlus refund by reducing the principal owed under the Note or by making a direct <br /> payment to Borrowcr. If a refund reduccs principal, [he reduction will be treated�s a partial prcpayment without uny <br /> prepayment charge under the Note. <br /> 14. Noticea.Any notice to Borrowerprovided for in this Security Instrumentshall be given by dolivering it or by mailing <br /> it by first class mail unless applicable law requues use oF another method.The notice shall be diretted to the Property Address <br /> or any other address Borrower designates by notice to Lender.Any natice to Lender shall be given by first class mail to <br /> Lender's address stated herein or any other address I.ender designetes by notice to Borrower.Any notice providcd for in Wis <br /> Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. <br /> 15. Gorerning I.aw; Severability. This Security Inatrumcnt sha11 be govemed by federal law and the law of the <br /> jurisdiction in which the Property is located.In the event that any provision or clause of this 5ecurity Inatrumentor the Note <br /> contlicts with applicable law, such conilict shall not affect other provisions of this Security Instrumentor the Note whicl►can be <br /> given effect without the conflicting provision. To this end the provisions of this Security Instrumentand the Note are declared <br /> to be sevorable. <br /> 16� Borrower's Copy. $oriowershall be given one conformedcopy of the Note and of this Security Instrument. <br /> form 3028 9/90 <br /> �•BRINE)�o2i2i.o2 Pp�4 o+e wur•:�_ <br /> m C <br /> J� <br />�° 3028�.hm f2/G9 <br />