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<br /> ��95°�04"�t3� =
<br /> payment� mny no langer ba requirecl.ut►he optian of L,ender. if martgage insurunce covcrnge(in the�unount an for Qte period
<br /> that I.ender requires)provlded by an insurer approved by Lender:►gain becumes nvuilable:�nd is abtnined. Borrowcr c+hail pay
<br /> the prcmiums required ta maintuin mortgage inaurnnce in effect,OT IO�1iOVIdC A IUtiS CCtiCNC,until thc rcquimment far mortgage
<br /> insumnas ends in uccordunce with any written agrcenunt betwcen Sonower and l.cnder or uppliruble Iaw.
<br /> 9. IInspcjetiun.Lcr�der or iu agent may mnke reasanuble entrle.s upon and inspectians af the P�upeRy. L.+,nder ahull give .
<br /> Borrawer natice at the time af ar prlar to an inspection spocifyinB reasonable cause for the inspectian.
<br /> 10. Condemnutton.The pmceed.c of uny awnrd ar claim for damages. direct ar rnnsequential. in rnnnectian with uny
<br /> condemnadon or ather taking of any purt of the Property.ar for conveyancc in lieu af rnndemnutian, ure hcreby :�ssigned and
<br /> shall 6e paid to L.ender.
<br /> ln the event af a total tukin�of the Pmperty.the prc�ceeds shall be upplied to tho sums secumd by this Securlty lnstnunent.
<br /> whether or not thcn due, with any excess paid to 9orrowcr. In the event of a partial taking af the Propetty in which the fair `
<br /> market value of the Pr�nperty immedjately before the taking is equal ta or greater thua the umount af the sums secuc�t by this
<br /> Securiry Instrument immediately before the taking.unless Barrowex and i.ender otherwise u�res in�vriting.the sums secured by
<br /> this Scxuriry Instrument shall be raduced by the amount of thc proceeds multiplied by the following frnction: (a) the total
<br /> amount nf the sums secured Imme�iutely before the taktng. divided by (b)the fa�r matket vulue of the Propetry immedtately
<br /> before the taking. Any batunce shall be patd to Borrower. In the evens of a partial taking of the Praperty in which the feir
<br /> mark�t valuc of the Property immediately before che taking ts tess than the turtount of the sums secured lmntediately before the
<br /> toking,unless Borrower end Lender otherwis�agree in writing or unlcss applicable!aw otheswise provictes, the pracc�ids shall �
<br /> be applled to the sutns secured by thls Secutlty Instrument whether or not dte sums are then du�.
<br /> If the PiapeRy is abandoncd by Borsower.or if,after notice by I.ender to Borrower that the cmzdemnor offers to make an _
<br /> award or settla u clatm for dumages. Bc�rrower fails ro respond to L.ender within 30 days nfter the date the notice is siven.
<br /> I.ender is authodzed to callect and apply the pracceds.at its opdon,either to restoration or repair of tne Properry or to the sums
<br /> secured by this Secudty lnstrument.whether or not then due.
<br /> Unless L.ender and �orrower otherwise agree !n wrlting. any application af prooeeds to pdneipal shall not extend or
<br /> postpone the due date of the monthly payments referred to tn paragraphs 1 and 2 or change the amount of such payments.
<br /> 11. Borrower Not Released;Forbearauce BY I.ender No!s Waiver.Extension of the time for payment or modificadon
<br /> of amortization of the sums secured by this Security Instrurt�ent�ranted by Lender to any successor in interest of Boerower shall
<br /> not operate to release the liability of the orlsinal Borrower or Horrower's successors in Interese.I.ender shall not be required to
<br /> eommence proceectings against any suc�cessur i�t ittierc�si or scfstsc ia ext�d time fos�taym?ns�r�therwise mai�fy amortiutdon r
<br /> of tha sums secu�+ed bY thts Security Insttument by reason of any dem�►d made by the original Botrower or Borrower's
<br /> suocessors im interest. Any forbeurnnce by Lender in exercisin�any ri�ht or remedy shall not be a wuiver of or preclude the
<br /> exerclse of any right or remedy.
<br /> 12. Suoces.gors tmd Assigns Bound;Joint nnd Several Liability; Co-sigaers. Thc covenants end agreements b��his
<br /> Secwity Insuvmant ah�ll bind and benefit the successors and assigns of Lender and Bornower. subjact ta the provisiaxu of
<br /> paragraph !7. Borrowes!s covenants and a�reements shall be joint and several. Any Borrower who ca-sigqs this S�cµtity
<br /> Instrument but does not execute the Note: (c�)is co-slgnin�this Secudty Insuument only to mortgage. grant and oonvey that
<br /> Borzrower's interest in the Propetty under the tcrms of this Security Insttument;(b)is not personally obilgated to pay the sums
<br /> secured by this Ser,urity Inst�ument;and(c)agcees that I,ender and any other Borrower mAy agree•ro cnctend.modffy.foci��ar or
<br /> make aay accommodatIons with mgurd to the terms of this Security Instn�ment or the Not�without that Bort+ower's consent.
<br /> 13.Loan Charges. If the loan secured by this 3erudty Instrument is subject to a Inw whi¢h sets maximum loan chatg�s.
<br /> and that law is finally interpreted so that the interest or othcr loan charges collected or to be oollectod in connecdon with the
<br /> loan excecd the pecmitted limits,then:(a}any such loan chargc shnll be reduce�l by the umount necessary tu reduce tl►c 4fiet'Se
<br /> to the pemtit�ed limit:and(b)anY sums already collected from Borrower which exceeded pennittod Iimits will be refun��1 ta
<br /> Borrower. L.ender muy chaose to make this refund by reducln�the principal owed under d�e Note or by making a d'nyxt
<br /> payment w Borrower. 1f a refund raduces pdncipal. the reduction wi{I be treated as a partlal PrepaYment without any ,
<br />-. pcepayment charge under the Note.
<br /> 14.Nottces. Any rtot�ce to Borrower provIded for in this Security Instrument shall be given by deliver�ng it or by m�ailing
<br /> it by first.elass ma[I unless appticable Iaw requires use of another methai. The notIce shall be djrected to the Property Address
<br /> or nny other address Borrower designates by not�ce to I.ender. Any notice to Lender shnll be given by�first cisss mai! lu
<br /> i,ender's address stated her+ein or any othcr address Lender desi�nates by notice to Borrower.Any notice provided for in this
<br /> Secudty Insuument shnit be deemod to have been given to Borrower or Ixnder when 6iven as prc�vld�d in this paragraph.
<br /> lS.Governing Luw; Severubiltty. This Security instrument shall be governed by federal law and the law of the
<br /> jurisdiotiun in which thc Property is located. In the event that nny provision or clause uf this Securiry Instrument or th�Note
<br /> confl{ets wlch applicuble iaw,such wnflict shall not affect other provislons of this Security Insuument or the Nate which can be
<br />- given effect without the conflictin�provision.To this end the provisions of this Security Instcument and the Note at�e declat�ed
<br /> to be sevemble. '
<br /> iG.Horrower's Copy.Borrower shall be�iven one rnnformed copy of the Note and of this Security Instrument.
<br />— Form 3028 9/90
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