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<br /> ; payments m�y no longer t�e requireZ, at th�option of l.ende�, if mortga�e insurance coverag,,(in the amount and for the period
<br /> thae L,ender requires)provi�c�3 by an insnrer approved by Lender again becom�available and is obtv�ned. Barmwer shaii pay
<br /> the premiums required to maintain mortgage insurance in effect, or to provide a foss reserve,until the requireinent fo�mortgage
<br /> insura�ce ends in accordance with any writcen agreement between F3orrower and L.ender or appiicabie law.
<br /> 9. [nspection. L.�nder or its agent may make reasnnabie entries upon and inspectians of the Property. Lender shall give
<br /> Eorrower notice at the time cf or prior to an inspection speci;ying reasonable cause for the ins�ction.
<br /> 10. Londemnstirzn. 'I'h� proceeds .�f any award or claim for-dama�es, direct er consequential, in connPCt'ron viith any
<br /> condemnation or other taking of any part af the Property, or for rnnveyance in lieu of condemnation, are hereby s;signed and
<br /> shall be paid to ixnder.
<br /> In thc e��crit��C a t<�tai taking of the F'ropert}�, the proceds sha{l be applic:d to,the sums secured by this Security instnxmert,
<br /> ��vhether or not then due, with any exces; pai� to Bormwer. In the ev�nt of a partial taking of the Property in which the fair
<br /> m�r',cet value of the Prop�rty immediatel�� before the taking is equal to or greater tfian the amount of tt4e sams secured by this
<br /> Se:.u,ity Instrument immediately before Uue talcing,unless Bocrower and.L.ender otherwise agree in writing, thc sums securtd by
<br /> this Security Instrun�ent shal! be reduce,i by the amounc of the proceeds multip]ied by dtie following fraction: (al:the t��tal
<br /> amocnt of ihe sums secured immediatel� before the taking, divided by (b) the fair markei value of the Property immediatr:ly
<br /> before the taking. Any traJance sh�ll be pa�d to Borrower. In th� event of a partial taking of the Property in which the fair
<br /> market value of the Property immediatel� bef:,re the taking is less than the amount of:he sums secured immediatelv before the
<br /> taking, unless Borrower and I.ender othc rwise agree in writing or unless applicable 1aw othenvise p;avidts, the proceeds shail
<br /> be applied to the sums sccured by this Sa�uriry Instrument whether�r not the sums are then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by L,ender to Borro�ver that the condemnor offers to make an Q
<br /> awa;d or s�ttle a claim for damages, Bc,rrower fai(s to respond to Lender within 30 days after the date the notice is given, s�
<br /> Lender is authorized to collect and appiy the proreecis,at its option, either to restoration or r�pair ef the Property or to the sums
<br /> secured by Ehis Security Instrument, whe:her or not then due. �,i
<br /> Unless Lender and Borrower otherwise agree in writing, any appfiqt'son of proceeds to principal shall not extend or Q
<br /> poctpon�the duc date of the monthly pa}ments referred to in paragraphs I and 2 or change the amount of such pay►aents. �
<br /> 11. �orro�F�er Not Released; Forb�earance By Lender Not a Waever. Eztension of the time for payment or maiification �
<br /> of amortization of cne s�ms secured Sy this Security Tnsttument granted by Lender to any successor in interest of Borrower shall �
<br /> not operate to rclease the liability of the original $orrower or Borrower's successors in interest. Lenoer shall not be required to
<br /> commence pmceedings against any succ�:ssor in iAterest e�refuse to extend tim@ for payment or otherwise rncxiify amortization
<br /> of the sumc secored by this Security lnstrument by ieason of any demand mede by the original Sorro�ver or Borrowc�'s
<br /> successors in interest. Any forbearance by I.ender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Succcssors and Assigns Boai,�d; Joi�t anr� Severai Liability; Co-sign�rs. The covenants and a�reements of this
<br /> Security Instrument shal! bind and benefit the successors and assigns of Lender and Borcawer, subject to the provi�ions of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrowe r who co-signs this Security
<br /> Instrument but cfc�es not execute the Ncte: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> Borcowcr's interest in the Property undr.r the terms of this Security Instrument (b) is not personaliy obiigated to pay the sums
<br /> secure,�by this Security Instrument; and (c)agrees that L.ender and any other Borrower may agree to extend, modify, forbear or
<br /> make any accommadatians with regard ro the terms of this Security Instrument or the Note without that Bonower's consent.
<br /> 13. Loan Charges. If the loan sec ured by this Security tns[rument is subject ro a law which sets maximum loan charges,
<br /> and t�iat law is finally interpretecl so th�it the interest or other ioan charges ecTlfected or to be collected in connection with the
<br /> loan exceed the permitted limits, then: �;;a) any such loan charge shall be reduced by the amouni necessary to reduce the charge
<br /> to the permitted limit; and (b) any sums already collected from Borrower rvhich exceeded permitted iimits will be refunded to
<br /> Borrower. Lender may choose to make th�s refund by reducing tlte prencipal awed ❑nder the Note or by makin� a direct
<br /> payment ro Borrower: If a refund re;�uces principal, the redaction will be [reated as a partial prepayment without any
<br /> prepayment charge under the Note. .
<br /> 14. Notices. Any notice to Bonower provided for in diis Security Instrurrzent shall be give�� by deliveririg it or b;r mailing
<br /> it by first class mai; unless applicable i��w requires use of another method. The notice shal! be direcied to the Property Address
<br /> ' or any oiher address Iiorrowe: �esignrtes by notice to L.ender. riny notice to Lender shalt be given by first class mail io
<br /> r Lender's address stated herein or any c ther address Lender designates by notice to Barrower. Any notice provided for ir. this
<br /> Security Instrument shall be deemed to have been given to Borrower nr Lender when given as provided in this paragraph.
<br /> 15. Governing Law; Severabilily. This Security Instrument shall be governea by Federa! law and the law of the
<br /> jurisdiction in which the Properiy is locsted. In the event that any provision or clause of this Sec�rity [nstrument or the Note
<br /> conflicts with applicabie law, such conflict shall not affect other provisions of this Security Instrument or the Note whi;;h can Ix
<br /> given effect without the canflicting provision. To this end the provisions of chis Securiey Instrument and the Note are declare;d
<br /> to be severable.
<br /> 16. Borrow�er`s Copy. Borrower s hall be given one conformed copy of She Note and of this Security Instrument.
<br /> Form 3028 9/90
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