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<br /> paycaents may no ianger IsQ requi�d.at the aption of I.ender,if mortgage insurancc rn�erage(in the amount and for the geriod _
<br /> that E,ender reyuires)provided by an insures approved by Lender agnin trecomes ar•ailable and is vbtairted. Sorrowcr shal!pay
<br /> -.�,�•' the premiums required co maintain mortgage insuranre in effecc.ar to provide a tass reserve,untit the requirement for mast�a;e � —
<br /> �� insurance ends in acoordante�vith anY�vritten ugree:nent lsenveen Borrower and Lender ar applicable la�v. CD "
<br /> 'x��� 9. Y�sg�on.Lender or its agent may m�lce reasonable enuies upon and inspecaions o f th:P r nperty.l.en der s h a l l gi v e �
<br /> '� Hoao�ver notice at the ticne of or prior to an inspeccioa s�cifying rqsonable cause for the insprction. �
<br /> ``' ' 10. Con$emaalion. Tha proceeds of airy a�1,.rd or ct�m for dart�ages. direct or consQquential, in wnrtection�vitjh any
<br /> con�emnation or other ta..king of any part of the Prop°rtrt;+.or for conveyance in lieu of condemnation.are hetrby assigned and � —
<br /> '�� shall he paid to lxnder. .
<br /> -�� In the eti�ent of a total ta.king of the Property.the pro�s shall be applied to che sums secured by this Security Insnument. �
<br /> . :�i� wheiher ur not theh due. vrith any excess paid w Sorrawer. in the event of a psrtiat ta�ing of tt�e Pra�st5'in�:hich ttt�fair :-
<br /> --_-� market value of tf:e Prog�rty imm�diately before the taking is egual to or greater th�the amounc of the sums se.^urad by this _
<br /> •� Securiry Instn�ment immadi�tety before the ta3ang.unless Boirawer and Lender ather;;se agree in writing,the sums secw�ed by
<br />� this Secuciry InstrumEni sh�11 b�resiucx�d by the amount of ttie p�ds multipliai by ttie followiag fractian: ta)tke total
<br /> :-� • amaant of th�sums secvred iaun9di�eip bzfore Lhe ta�ing.divided by (b)the fair marlcet valas of the Property immediately
<br />` � befom the taldng. Any b2lanc�sh:�l be p�id to Borrower. In th�event of a partial takin8 of th= Pc°FertY m which thv fair
<br />__ market value of th�Pmp�cy imm�ic:�p before th�tsLk9ng is less tt�an the auioant of the sums secsrred immediately before tn.
<br />'^� ta�ing.unless Borro�var and L.en3er oths�wise ag�in�3Titing or unless appficabt�law otPierwise provides.the proca�ds shall
<br /> bs applied to the sum��re�1 by this Secwiry Insnvm�nt whether or nai the sums are then due.
<br />�=;� If th�Ptap�siy i�clr�one�!by Borrower,or if.after notice by Lender to Borrower that ths condeu+nor offeis to a�ake an
<br /> — awand or s�ttle a c12im ttrr damages. Barrower fails to respoud to I.ender arithin 30 days after the dare the notice is given,
<br />,�,,,�� Ler�der is aulis�dmd to rallect aztd apply ths proceeds.at its option.either to t+estoration or repair of the Property or to the sums
<br /> -�= se�vred by this securin�Instmmen�whether or not th�due.
<br />=`�� Unless Lender and IIomo�ver othenvise agreP in writing. anY aPP��on of prooceds to principal shall noi exceaid or
<br /> -_ postpone the due date of the monthly payments referred to in pacagrap�s I an�2 or change the amuunt of such paysaems.
<br />-�— 11.BormnR�'l�ioi Released;�m�'i�By Lentta�Noi a tt�afs�c..-�.Extcnsion of the time for payment or awdification
<br /> -- of amorti7ation of the sums secuied by ehis Security lnscnunent granted by Len.d�r to any su�cessor in interest of Borrower s6a11
<br /> � not operate to release the liability of the original Borrower or Borrower's succes:yaYS in intetes4 Lender shall�tnt be requued co
<br /> cammence pnxeedings agEinst any suocessor in isuerest er refu.�e to extend am�for payment nr othenvise�difs+amortiuition
<br />•���_� off the sums secured by this Security Instnimeat hy reasan of any demand m�e by the original BorroK'ea'as Borcower's
<br /> successors in iateres� Any fo:bearance by 1-ender in exercising any right or retnedy shall rtot tTe a waiver of ar prec.��e the
<br /> eaercise of any right or remedy.
<br /> 12. S�ors and AssIgas Bo�nd;Joint and �everal LIability; Co-siguers. The covenants and:�neements of tsis
<br /> -- Security L�swcttent shall t*ind and benefit the successors and assigns of Lert�sr and Borrower. subject to tfr�provisions of
<br /> paragiaph 17. gorroc�c��c�venanu aad agreements s�ll be joint and several. Any Bo•rrower who oo-signs this Security
<br /> --- Lss�ument(�cu does aat n:�:ute the 1Vnte: (a) is co-sig.,aing tbis Sor:rity Instrus�nt only to,m�rtgage, �ana and convc:y rL4zt
<br /> Borrower'�imc�-t in ths�roperty na�die tenns of�s Sec4.r;ly J��ment:(b)is not p���mi3y ob3igated w pay tPae:u��
<br /> secur�d 6y fa�s Security InrJavment;and(c)agrees cu��nd.a�rS:�r�other Barrower may a�:t�extead,madsf3+•fefa�r rc
<br /> malce any acazmmad�i+��»ith regard W the terms cf d�i���c�'r c:�strume�.or t�z Note without that Boriu�r u's conse�
<br /> 13.�Char��E.*ths loan secumd by this Security Iti�'tu:�ent is subject to a law which seu mar.;tmtn loan c;cc�...;es.
<br /> and that la�v i�Fnally interpreted so thut the inter�ect or otf!er ia:�n�ar�es oollected ar to be wllected in connection-•ith.s:�
<br /> loan exceed�:permitted limits.then: (a)any such loan charge�r�ll ise reduced by the amount neoessary to reduce t�e s�mr[g=
<br /> to qhe pettnitted limit:snd(b)anY sums already collected from Qom�ver which execeded permitted limits will be refu:.f.�r�t W
<br /> Borrower. Lender may d:.�ose to malce this refund by reducing the princip�l owed cnder the Note or by mnlang a direci
<br /> payment to Bor�ower. Lf a refund reduces priacipal. the reduarion will he �aPated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.;tif;tises.Any notice to Bormc�::r provided for in this&ecsuity Insuum.ent sha1�be givea by deliverir�it or by rmiJiag
<br /> it by fies2 cL:�s mail unless applicable�sw requires use of another m.tlzod•'IS�e noiice shall be direcied to the Property lt�3itr�s
<br /> a� any other address Bnrr�wer designates by notioe to Lender. F1ny norice tn l,ander shall be given by �ir._t class rr.:a! to
<br /> 4ender's addnss stated herein or any oiher addcess Lender desig+�:es by notioe to�orrower. My notice�n��:�Led for in this
<br /> Secutity Insin.*ment shall be deemed to havc be�n given to Borrot.ci-ra Lender when given�s provided in this�aragraph.
<br /> 13.t'.�,verait►g Law; 3evera631Ity. This Security Instrummt s�hall be govemed by federal law and ttie law �af i�e
<br /> jurisdiciion in which the Property is lecatad. In the event that eny rrovision or clause of this Security Instrument or tfv:£�cie
<br /> conflicts with applicable law.sucb conflict shall rtai aftect other provisions of this Security Instruraeyu or the Note wluch can be
<br /> given effect withoat the contiictins pn�vision.To this end the provisions of this Socurity Insuumeat und the Note are declared
<br /> to be severabie.
<br /> 16.Burrower's Copy.Borrower shall be Piven one oonfomrr�!oopy of the Noie and of this Security Insnument.
<br /> Fo�m 3028 9J90
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