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<br /> payments muy no fonger l�e required,ut the optian of Lender, if murtgugc insuratuc covcrugc(in thc amount and for thc pericxl
<br /> that L.ender requires)provided by an insurer approved by L.cixler ugain bccomcs uvuilubic unci is obtuincd. L�orrawcr shull pny
<br /> the premiums rcquired to muintain mortgage insurancc in cffcct,or to providc u li�ss rescrvc, until thc requii•cn�ent for mortgAgc
<br /> insurancc cnds in accordance with uny writtcn aibrcement between&srroucr aixl l.eixtcr ur;ipplirublc L•iw.
<br /> 9. Inspectlon. I.encler or its agent may make rcasonable entrieti up�m mui ins{xctions ol'the Pru�x:ny.I.ender shull give
<br /> Barrower�x�tice at the time of oc prior to un inspection s�,ecifj�ing rea.u�n�ble c�►use fi�r Ihc imExcti��n.
<br /> 10. C+►ndem►wUon. The proccecls of any award ur claim for da�u�ges, direct or cuiitiequential. in connectii�n wuh any
<br /> condemnatian or other taking of uny p:►rt ai the Propeny,nr for conveyanee in lieu of cuixlcnuiatiun, urc hereby assigned and
<br /> shall be paid to Lender.
<br /> ln the event uf a to�ul tuking uf Ih�1'ruperiy,th�procee.cis shall be appfied to the Sum��ecured by thi� Security Inctrument.
<br /> whether or nnt then due, with uny exccss paid to&�rrower. in the event of a panial taking of ih� Property in which the fair
<br /> market value af the 4'roperty immecliately lxf��re the taking is equal to or greater than the amount of tltie sums secured by th�s
<br /> Security Instrument imnxdixtely befure the taking,unless Eiorrower and Lender otherwise abree in writing, the sums sec►:recf by
<br /> this Securiry Instrurnent shall be reduced by the anwunt of the procecds multiplied by the following fraction: (a) the total
<br /> amount of the sums securecl immediate.ly l�efore the taking. divided by(b)[he fair market value nf thc Prapeny immediately
<br /> bcfore the tuking. A�ay balance shall be paid to Borrawcr. In the event of a partia� taking of the Pn�perty in which thc fair
<br /> market value of��he Property immediately before the taking is less thaa ihe amount of the sums secured immeciiatoly btfore the
<br /> taking,unless Bortower and L.ender ottierwise agree in writing or unless applicable law utherwise Rrovides,thc procee.�ds shall
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Properiy is abandotx�J by Borrower,or if,after notice by Lcnder to Borrower that the conciemnor offers to make an
<br /> award or settle a claim for damages, Borrower fai15 to responci to Lender within 30 days aRer the date the notice is given,
<br /> Lender is authorizai to collect and apply the proceecis,at its option,either to restoration or repair uf the PropeRy or to the sums
<br /> secured by this Security Instrument,whether ur not then due.
<br /> Unl�ss Lender and Borruwer otherwise agree in writing, any application of proceeds to principal stu�ll not extend or
<br /> postpone the due date of the manthly payments referred to in paragraphs I a�x12 or change the amount of such payments.
<br /> 11. Borrorrer Not Rdeased;ForbeAr�nce B�Lender Not a Wal►'er.Extension of the time for payn�ent or niociificati.�n
<br /> of amorti�ation of the sums secured by tl»s Security Instrument granted by l.ender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the uriginal Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> commence psoceeciings against any successor in interest or refuse to extend time for payment or otherwise modify amorti�•rtiort
<br /> of the sums secured by this Security Instrument by reawn of any demand made by the original Borrower or Borruwer's
<br /> successors in interest. Any forbearance by Lender in exercising �ny right or remedy shall not be a waiver of or preclude the
<br /> exereise of any right or rcmecly.
<br /> iZ, Suc�rssors and Assigns Bound;Joint and Several Li�bility; Co-slgners. The covenants ancf agreements of this
<br /> Seeurity Inswment shall bind and benet�t tne successors :uxi aa�ig�za i,i i.ciwcC �si�u +°�f3T."'l.�:.:. �::jr=: :�e�.n �niyicinnc nf
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. ,�ny Borrower who casigns this Security
<br /> Instrument but does not execute the Nae:(a) is co-signing this Security Instrument only to mortgage. granc a►xi convey that
<br /> Borrower's interest in the Property uncfer the tertns of this Securiry Inurument;(b) is not penonally abtigated to pay the sums
<br /> secured by this Security irsteument;and{c)agrees that Lender�x1 any other Borrower nuy agree to extend,madify,forbear or
<br /> maks any accomrnoclaeions with regard to the temu of[his Security Insttunxnt or the Note without that Borrower's consent.
<br /> 13. Losn Char(�es. If the toan secured by this Security[nstrument is subject to a law which sets maaimum loan charges.
<br /> ar►3 that law is finally interpreted so that the interest or other lavi chvbes collected oe•to be r.ollected in connection with the
<br /> loan ezceed the permitted limits, then: (a)any such loan eh:trge sfull be reduc:ed by the amount necessary to reduce the ch:uge
<br /> to the permitted [imit;dnc!(bl any sums already cullected from Borrow�er which exceeded permitted limits wili be refunded to
<br /> Borruwer. Lender rt�ay ehoose to mzlce this refund by reducing the princip:il owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be tre�ted as a parti;►t prepayment without :my
<br /> prCpayment charge under the Note.
<br /> 14.Notica.Any notice to Borrower provideci for in this Security Instrument shall be given by de[ivering it or by mailing
<br /> it by first c[ass mvE unless applicable taw r�uire� use of aixnher methai."Ihe notice shall be directed to the Property Address
<br /> or any other address Bocrower designates by nocice to Lender. Any notice to I.ender sh:ill be gicen. by first class mait ta
<br /> Ixnder's address state�l herein or any other address Lender Jesegnates by notice to Borrower. Any notice provided for in this
<br /> Security [nstrument shall be d�emed to have been�ive�t W Burruwer or Lender when given:is provideci ett d�is paragraph.
<br /> IS.Governing Law; Severability. This Security [nstrument sh:ill be governed by feder;il law and the [aw of the
<br /> jurisdiction in which the Property is laat�i. in the event that any provision or clausr of this Security I�istru►nent or the Note
<br /> conflicts with applicable taw•,such conflict sh:ill not affect other provisions uf chis Security Instrument or the Nate which can be
<br /> given effect without the confticting provision. To this end the provisions of this Security Instrument and the Note are declareci
<br /> tc be severable.
<br /> l6.Borrower's Cupy. Borruwer shall be given one conforrneei copy of the fYote:uld of this Security[nstcument.
<br /> fo�m 3Q28 9J90
<br /> Paye d oh 6
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