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<br /> i p�y���y po longer be requ�rad, �t the apti�n of l.ender.if martge�e inwrana soveragt(in the amount ard for the perbd ;
<br /> that I.e�er requires)provided by sn insuter. apptavcd by Lenlar again bocomes availabte and ia nbtainod. �amnwcr shrtl pay �
<br /> the premiums aequired tn muinWu�murtgsge insurue�ee ii�efi'ect,a1 to p.ovicle a ioss�.;scar�.uutit itw r:yui►;,tik�a L'ar s►wita:�,K . —
<br /> insur�c�ce end�in accocdano�with any wdtten agrament betwan Borrower a�x1 I.ender ar applipble law.
<br /> 9.I�upestlon. Lender or its ugent �n1y make rcasonable entries upon and tnspestinns of the y�roperty. l.ender�hall give
<br /> Sorrower nutice at the tinx of or prlor ro an inspectlon specityfAg reationable cuuse for the inspaction.
<br /> 10. Condemaatian.The procoeds of Any uward ar ct�im for damages. direct or consoqaentia?„in.00nnectian wlth pny
<br /> wndemnatIon or other taktng of rtny part of the.Property.or for conveyence in lieu of wndemnatipz��ura hezeby�ssigned w�d
<br />. shatt be patd to I.cnder.
<br /> ln th�e eeeat of a taw!taking af the Praperty.tha proceeds shnll be applIod w the sums secw�d by this Securii}{IA9ttument,
<br /> wheth�t or not then due.with nny excess paid to Borrowet. In the event of A pactiul taking uf ttu Propeny in,wht�h�thb feir
<br /> market value of th�.Propetty immcdlntely before!he tnking is eqtu�l to or�reater than the umount of th.,sums sccvied by this
<br /> �SUrity Insttuntant Immediately before the taking,unless Boreower und Leudet otherwise agree In wtiilt►�+.ths sums secuc�ed by
<br /> this Securlty Tnstniment shali be reduo�f by the amount of the pmce.eds multiplied by the following fractlon: (a) the totel
<br /> amount of the suma secure�i immediately before the taking. divided by(b)the falr market valuc of the Property immcdiatcly
<br /> before the tnking. My balance�hall be paid to Bornower. In ttte event of u partiul takins of the Property in wh[ch the fair
<br /> tnarket value of the Property immediutely before the taking is less than ti�amount of the sums secured immediately bcforc tho
<br /> tukins.unless Somower and Lender othenvise agree ln writing or anless applicable law otherwise provides.the pmceods shaq
<br /> be uppliad to the sums secured by this Securi�y Instrument whEther or nol the sums are then due.
<br />. If the Property is abartdoned by Borrower,or if,after notics by Lender to Borrower that the condemnor offers ta muke an
<br /> ewurd or settle a cluim for darnages. Borrower fnils to resFond to Lender wtthin 30 days aftet the date the nodce is given.
<br /> Lender is authorized to collect and apply the proceeds,at its option.either to restoratean or repair of the Property or to the sqms
<br /> secured by this Sccurfty Instrument,whether or not then due.
<br /> Untess Lender and Borrower othenvise asrce in wr�dng. any application of procee+is to pr�ncjpal shall not extend or
<br /> pc�stFwne the due date of the monthly payments refenod to in paragranh�1 and?.n�chan�e the amount of such paymenu.
<br /> 11. 8orrower Noi Released;Forbe�rance By Lender No!u Waiver.Extensian of the time for payment or mndification
<br /> of amortization of the sums secured by this Security Instrament granted by I.ender ro any successor tn interest of Borrower shnll '
<br /> not uperate to release the liubility uf the ori�inal Borrower or Borrower's successors in interat. I.ender shall not be required to
<br /> commence proceedings against any successor in interest or refuse to ex4end ttme for payment or otherwise modify anortizat�on
<br /> of the sums secured by this Securlty Instrument by rcason of any demand mado by the original Bonower or Borrower's
<br /> successors in lnterest. Any Farbearance by Lcrtder in exercisin�any right or remedy shatl not be a waiver of or preclude the
<br /> exercIse of nny right or remedy. __
<br /> 12. Successors and Assigns Bound;Joint und 3evern! Liabflity; Co-stgaers. The covenants und ugreements of this
<br /> Security Instrument shall bind nnd beneflt the successors and assigns of Lender and Borrower, subject to the provisions of -
<br /> purngraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who casigns this Secucity �
<br /> Instrument but does not exocute the Nute:(a) is co-sibnEn� this Security Instrument only to mortgage,�runt and convey that -
<br /> Borrower's interest in the Property under the terms of this Security Instnunent;(b)is not personally obligated to pay the sums '
<br /> secured by this Secudt)�Instrument;and(c)agmes that Lender und any other Bonrower may agree to extend.modify,furbetu or
<br /> make uny acconunodatlons with regard tu the terms of this Securlty In�tsament or the Note without that Borrower's consent. "
<br /> 13. Loan Charges.If the loan securod by this Security Instrument is subject to n law which sets maximum loan charges. R"
<br /> and that law is finsilly interpmted so that the interest or other lo:u►charges collccted or to be collected in connection wlth the =
<br /> loan exceed the permitted limits,then:(u)uny such loan charge shall be reduced by the ainount necessary to reduce the charge
<br /> to the permittecl limit;und(b)any sut►u �Ireaiy collected from Borrower which exceeded permitted limits will be refunded to �
<br /> Borrower. Lender map choose to make this refund by reducing the princtpal owed under the Note or by making a dtrect `n_"
<br /> payment to Borrower. If a refund reduas piincipal, the reduction wiU be treated as a purtial prepayment without any E' _
<br /> prepayment charge under the Note. ` `
<br /> IA. Nutter.r.A�►y uutice tu Borrower provided for in this Securiry Instrument shali be given by detiverin�it or by m:sifing
<br /> it by first clas's mail unless applicable law requires use of unother method. The notice shall be directed to the Property Address -
<br /> or:u�y othcr uddress Borrower desi�nates by notice to Lc:ndcr. Any notice to [.ender shali be given by first class mai! to
<br /> Lcnder's uddccss statcd hercin or any other addr�s l.ender designates by notice to Borrower. Any notice provided for in this -
<br /> Securiry Tnstrument shali bc deemed to havc been given to Borcower or Lcnder when given as provtded in this paragraph. -
<br /> I5. Governt� L�w; Severubil(ty. This Stxurity Instrument shall bc governed by fedcral law and the law of the `
<br /> jurisdiMi�n in which the Property is loc�sed. In the event that any provision or clause of this Security Instrument or the Note
<br /> conflicts with applicuble luw,such contlict shall nnt affect other provisions of this Security instrument or the Note which can be
<br /> given effect without the mnflictinb provision.To this end the provisions of this Security Instrument and the Note:►re�declared
<br /> to be severabie.
<br /> 16. BorroKer's Copy. Borrower sbnp be given one conformed copy of the Note und of this Sccurity Instrument.
<br /> Porm 3028 9/90
<br /> PonO 4 0�0
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