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<br /> payments niay na langer be ceyuit�d,nt the optton of Lender. if mortgage insurnnce covarngo(in the uaeovnt nr►d for the perIcd
<br /> ihat Lender requlres)provlded by an inauner approved by I.ender again baomes nvuitable and is obiained.Borrower shall pay
<br /> the premfums raquired to raaintafn mortgage inaurance tn effecs,or to pmvicSe n loss reserve,unt�!the requirement for mortgege
<br /> iasuren�o ends in ac�urdan�e with any wdtten agrcement be3ween�orrower uctd i�.nder or uppflcable Inw.
<br /> 9.Laspectfon.Lender or its agent may aralce reasonable entdes upan and insptctiono of the Property Lender ahall give
<br /> Barrower noticc at the ttma of or Qrfor to en inspection specifying reasonable cause for the inspestfon.
<br /> 10.Cond�mnattun.The proceeda of any ewae+d or claica for daiaages, dtr�t or consequentjul, in connectioa with aay
<br /> casidcmmt�cns cr o!l:et takiag of eny pe�t of the Pro�+crty,nr fnr canveyance in Iteu of condemnadon,are hereby assIgaod aad
<br /> shall be paid to�.ender.
<br /> In the event of a totat taking of the Property�the proce�ls shall be applied to the sums sec�rrd by this Security Insttument.
<br /> whether or not then due.with any excess patd to Borrower. In the event of a pactial takIng of the Property In which the fair
<br /> markei velue of the Property immediately before the taking is equal ta or greater ihan the amoum of the sums secured by this
<br /> Securtty Insmrmeat immadlately before the taldng,unless Borrower snd I.ender otherwise agree in wridng,the sums secured by
<br /> tlds 5ocudty Insmimeat shall be reduced by the amount of the proceeds mulNplied by the followin� fraction: (a) the total
<br /> amount of the s�uns secured immediately before the taktng. divtded by(b)tbe fair market value of the Pmperty immedlately
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partisl taking of the Property in which the fair
<br /> market valuB of the Property immedjacely before the taking is less than the amount of the sums secumd immediately before the y,, .
<br /> ��,��' taking. unless Barruwer and Lender otherwise agree ln writing or unless applicable law othenvise provides,the prace�s shall ; �.�.
<br /> A��.:
<br /> .{ be spplied ta the suins s�cureci by tlua Security Insmiment whether or not 1he suma ure then due. `�-"
<br /> If the Property ia tibaadoned by Borrower.or if.after nopce by Lender to Borrower that the condemnor offers to make an •f� �
<br /> ';:�+t= �. award or settle a cleim for demages, Borrower fails to respand to Lender within 30 days after the date the notice is gtvea, .1,;.
<br /> L�nder is authorized w collect and apply the proce�ds,at its opdon,either to reswradon or mpair of the Property or w the sums :''°'"
<br /> ..�.:;
<br /> secured by this Securiry Insuvment,whether or not then due. �'�'���
<br /> �',�rr
<br /> � Ualess Lender and Borrower othetwlse agree In writtng, any appltcadon of proceeds to principa3 shaU not exttnd or � R.
<br /> postpone the due date of the monthly payments referred to in paragcaphs 1 and 2 or cheuge the amount of such payments. k'
<br /> 11.Borro�ver Not Released;Forbearance By I.ender Not a Waiver.Extension of the time for payment or modiflcation Y�#
<br /> ,� of amorti7arioa of tha swns sectued by thls Security Inswment granted by Lender to any successor in interest of Borrower shalt ,�•'Y�•.
<br /> rtot aperate W release the(isbillty of the original Horrower or Borrower's successors tn lnterest. Lender shall not be reyuired to ,..����
<br /> commence procerdiags against any successor in interest or refuse to extend time for payment or otherwise modify amort�atIon '�Yr..
<br /> of ii►c sw.u+�curixt by ti►is aecnrtiy Insirumcnt !sy re�oa of sny� demena made by thp origlna! Rc�rmwer �r Borrower's ..
<br /> successors In interest. Any focbearance by Lender in exercising any r�ght or remedy shall not be a waiver of o:preclude the ; "
<br /> eacercise o�any tight or c+�mecly. '�•
<br /> 12.Suaessors aad Asstgns Bowtd; Joint and Scveral Liability; Co-sigaers. The covenants and agreemenu of this �,,a
<br /> Securlty Insuurnent shall bind and beaefit the successors and assigns of I.eader and Borrower, subject to the provIsions of „M-
<br /> paragraph 17. Bo�rower's covenanu and agreemenu shall be joint and several. Any Borrower who casigas this Security '`':�
<br /> :�;�
<br /> tnswment but does not execute the Note: (a) Is co-si�ning this Secudty Instrament only to mort�age,grctnt and convey that '�'��'
<br /> Borrower's interest in the Property uader the terms of this Security Instrument:(b)is not pecsonally obllgazed to pay the sums �`�•`,'�
<br /> secured by this Security Instrument:and(c)a�rees that I.cnder und any other Bomower may agree to extend.modify,forbear or
<br /> malce any aocommodations with regard to the terms of this Securlty Inswment or the Note without that Borrower's consent.
<br /> 13.I.flan Chatges.If the loan secured by this Secur4ry Instrument is subjert to a law which sets maximum loan charges.
<br /> and that Iaw is finally interpreted so that the interest or other loan charges collerted or to be collected in connection wlth the .
<br /> loan exceed the permitted limits. then: (u)any such loan charge shall be reduced by the amount nerRSSary to reduce the charge
<br /> to the pernritted limit; and(b)any swns almzdy coilected from Bnrrower which exceede�permttted limits wip be refunded to
<br /> Borrower. I.ender may choosa to makc this refund by reducing the pr�ncipal owed under the Note or by making a direct 1��� �
<br /> Y payment to Bornnwer. If a rePond reduces principal, the reductton will be treate� as a partial prepayment without any '�,�,��
<br /> �,t:
<br /> prepayment chacge uader the Note. ���
<br /> '"' 14.Nodces.Any notice to Borrowcr provided for in this Security Instnsment shall be given by delivering it or by mailing �`,��,i
<br /> .�sr. `" it by first clesa mail unless upplicable(aw requires ase of another method.The notice shall be directed to the Property Address ��;
<br /> \' «
<br /> �%" or any other address Borrower designates by notIce to Lender. Any notice to Lender shail be given by first class to
<br /> ', Lender's address steted heretn or any other uddress I.ender designates by notice to Borrower. Any nodce provided far in this ••
<br /> �"E.�.°
<br /> ,:,,�,,.. Security Inshument shall be deemed to have been�lven to Borrower or Lender when given as provided in this paragraph.
<br /> �E'� 15.Governing Law; Sevecability. This Security Instniment shall be governed by federal law and the !aw of the
<br /> �r��'�'� jiuisdicdon In which the Property is located. In the event that any pmvision or cirsuse of this Security Insteumsnt or the Nute
<br /> �,..
<br /> - �•��.�� contiicts with applicable law.such conflict shal!not affect other pmvisions of this Security Instrument or the Note which can be
<br /> ^':�^'�` given effect without the rnnflicting provision. To this end the pmvisions of this Security Instrument and the Note are decla�d
<br /> ��.., to be sevesable.
<br /> '����I, 16.Borrower's Copy.$orrower shall be given one conforme�l copy of the Note and of this Securtry Instrument.
<br /> � ?': Form 3028 9/90
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