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<br /> payments may no longer be required,at the option of Lendor, if martgage insuranct caverage(in the amount and for the period
<br /> that I,o�,Jer requires)provided by an irsurer apptovcd by I.ender again becomes avaitabl�and is obtained. Borrower shall pay
<br /> the premiums required to maintain mortgage insurance in effect,or to provide a loss r4serve,unti!the rYquiremcnt for mortgage
<br /> insuranu:rnds in accaYdance with any writtea ag:eement betwcen Bormwer and Lender or appiirable law.
<br /> 9. Inspection. Lender or its:ao,ent may make reasonabl-entrics vpon and insgections of the Property. Lender shali give
<br /> Borrower notire st the timc of or prior ro an inspection specifytng ra�sonable cause for the inspection. �
<br /> 10. Con�emnation. The prac�e�eds of any �u+azd or daim foc damages, direce or consequrntial, in connectioa with any
<br /> co�demnation or oehcr taking of any part of the Progexty, or for rAnveyanca in lieu of�ondemnation, are hereby azsignod and
<br /> s6a11 be paid to Ixnder. �
<br /> In the event of a rotal taking af the Pcoperty,the proceeds shall be apnlied to the sums secured by this Secnriry instrument,
<br /> whether cx nnt then due, wich any excess paid to Borrower. In the event of a paxtial taking of the F'to�erty in which ehe fair
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this
<br /> Security Instrument immediately before the takin$,unlcss Borrower and Leatier otherwise agree in writing, the sums secured by
<br /> this Securicy Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the rotal
<br /> unount of the sucns secured immediately before the taking, divided by (b) ihe tair market value of the Property immediately
<br /> before the taking. Any b�la�tcc shall be paid to Borrower. In the event of a partial taking of the PropeRy in which the fair
<br /> mazktt ealue of the Property �mmediate!y before the taking is less than the amount of the sums secured immediatelv bcfore the
<br /> t�lcing,unless Sorrowzr and Ixndcr otherwise agree 9n writing or unless applicabie law otherwise provides, the proceeds shall
<br /> be applied to the sums secured by this Sec,vrity Instrument�vhether or not the sums are then due.
<br /> li the Property is a�andoned by Borrower,or if, a8er notice by L,ender to Bortower that tht condemnor offers to make an
<br /> awazd or settle a claim for damag�, Borrower fails to respond to L.ender within 30 days after the date the notice is given,
<br /> L,ender is aiithorized to coliect and apply the proceeds,at its opixon,either to resroration or repair of the Yroperty or'ro the sums ,
<br /> secured by this Sec.urity Instrument,whether or 5�ot then due.
<br /> uniess i,w�der and Bonower other;vise agree in writing, 2�iy applicaaion of procecds to princi�al shall not eztend or �
<br /> postpone tha due date of the niontt,ly payments re€erred to in paragrapt�s 1 and 2 or change the amount of such payments. ,
<br /> 11.Borrower Mot Released;Forbearanee By Lendcr Not a Wa[vcr. Eztension of the time for gayment or modification
<br /> of amortization of the�ums secured by this Security Instniment granted by I.ender ta any successor in interest of Borrower shall
<br /> not operate to relcase thc liability of the original Bvnower or Borrower's successors in in�erest. L.ender shalf not be require�to
<br /> commenc�pra:.,.^��±en�s aRainst any successor in interest or refuse to eztend time for payment or othenvise m�dify amortization
<br /> of the sv;ns secured by this Securiiy ;,^,str!meot by reason of any demand made by the original Borrower a: f3orrower's
<br /> successors in interest. Any foebearance by Lender in ezercising any right or remedy shall not be a waiver of or preclude the
<br /> ezercise of ar.y right or rem�dy.
<br /> 12. 5uccessors and Assigns Bvund; Joine u�id Severt�i Lisbility; Co-signers. The covenants and agreements of this
<br /> Security Instrument shall bind and i�enefit .he successors and assigns of Lender and Borrower, subject to the provisions of
<br /> puagraph 17. Borrower's covenants Wzd agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrument but does not execvte the Note: (a) is co-signing this Securiry lnstrument only to mortgage, grant and convey that ,
<br /> 3ocowa�'s interest in the Pro�xrry under thc terms of this Secunry Instrument; (b) is not personally obligated to pay the sums
<br /> securec+by th�s Security Instrument; a.nd(c)agrees that Lender and any other Borrower may agree to extend, modify, forbear or
<br /> make any accommoclations with regard to the terms of this Security Instrument or the AJote without that Borrower's consent.
<br /> I3. Lonn Char•ges. If the loan secured by this Security lnstrument is subject to a law whicii sets mazimum loan chargcs,
<br /> and chat law is fnal!; interpreted so that the interest or othee loan charges collected or to be collecte3 in connectior. with the
<br /> loan ezceed the perrnitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the pccmitted lirr�t; and (b) any sums already:ollected from Borrowe*which er.ceeded permicted limits will be rcfunded ro
<br /> � Borrower. I.ender may choose to make this refund by reducing the principal owed under the Note or by rnaking a direct
<br /> pzyment to Borrower. If a refund reduc^.s principal, tt�e reauction will be treated as a partial prep�ymcnt without any
<br /> prepayment charge under the Note.
<br /> 14, hotices. Any notice to Borrower provided for in this Securiry lnstcumcnt shall be given by delivering i!or by tnailing
<br /> it by first class mail uniess applicable law requires use of another method. The noticc shall be directed tu ti��Property Address
<br /> or any other address Borrower designates by notice ta L.ender. Any notice to Lender shall be given by fi�st cla�s mail to
<br /> Lender's address stated herein or any other address Lender designates by notice ro Borrower. Any notice provided for in this
<br /> Securicy Ir.s!rument sliall be deemed to have been given to Borrowtr or I,endcr wnen given as provided in tliis paragrapi:.
<br /> I5.Governing Law; Severability. This Security lnstrument shal! be goveincd by federal law and the law c�the
<br /> jurisdiction in which tha Propert;is located. In the event that any provisiorr or cl�use of this Security Instrumant or the No;e
<br /> �nllicts with applicable law, such conflict shall not affect other provisions of this SecurityInstrument or the Note which can be
<br /> given effect without the confl;cting provisiun. ;o this end the provisions of this Sccuriry Instrumtnt an�i the Note are declared
<br /> to be severable. k
<br /> 16.Borrower's Copy.Borrower shall be given one conforme:i copy of the Note and of this Security (nstrur-ient.
<br /> Feem J028 9/90
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