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°_ " " ' ' �. ,.. - -----_....._...-- ---—•• - C�. . �. �� . -- _- , , ,;.... . . . _� . —_----- -- � �os��► `. � puyments mny no lon�er be mquired.at the optlan ot L.ender,if mortgaga insurance cove�lge n t1(�pmount und for the petiod � that Lendcr requires)ptovidod by an insurcr uppraval by Lrend�7 agu�a becomcw uvuilable and ix obtained. Borrowcr shall pay i tNe premiums reyuim.d to maintain mortgage in�urance in ef fect.or to pmvide u loss trservc,until tiio requfrement for mongage I Insuranccj ejida in nccordunce with any wdtten Agreement between Borrower and Lender or opplicuble luw. � 9. Inspection. I.cnder or its ngent mny mnicc rcasonable enuIcs upon artd inspectton9 of the Proparty. I.ender shnll give � Borrower notice at the time of or p�iar to�n inspectfon specifying reasonable cause for the inspection. � 10. Condemnation. The praceeds�f uny awanl or cluim for dumages, din.ct ar consequentinl. in connection with any ! condemnution or other tuking of uny part of the Property,or for cunveynnce in Iteu of condemnutton,ere hereby nssigned and � shell be paid to Lcader. : I�i tiiv crcni oC a totai tuicing uP ii►o 8iupe�ty. if�e pnw�eais nnuii be appliai fu fhe sums eux;ure�i by ihia Sexuci[y Insinuuoui. whether or not then due, with uny excess paid to Borrower. In the event of u partial talcing of the Pcoperty in wMch the fair � m�tt vatuc af thc I'rogcrty fmmcdiatcty bcfort the t�l;irtg is c�aal W or g�eter tts�n the amount of the surts�seeard b�,r this Seeudty Instrumau immedtutely before the wkfn�, unless Borrower and Lender otherwise ngree ir wddng,the soms se�u�by i this Secudey Inshument shall be reduced by the amouut of the proceeds multipl}ed by the followjng frection: (u) the tatsl emount of the sums secured immediately before tho taldng, divjded by(b)th�fair a�arket value of the Property lmrmdlately b..fara tho taking. Any batance shali be paid to @orra��rer. In the eveat of a partial tektng of the Property in which the fAir market value of the Ptaperty immediutcly befote the taldag is less thsn the amount of the sums secured immediately bdfore the , taking.unless Borrawer and Lertder otherwise agre�iis writing or unless applicable law otherwise provides.the prooeeda shel➢ be applled to the sums secured by this Secnrlty Instrument whether or not the aums are then due. If the Property is abandoned by Borrowcr,or lf,aRer notice by Lender to Borrowcr that tha condeianor offers to make an award or settle a claim r'or dnmages. Borrower fails to respond to Lender within 30 days atter the date the aai�ce js given. I.ender is euthorized w collect and apply the proceeds, at its optIon,either to restoration or repair of the Properry or to the sums secured by this Securlty Insuvment.whether or not then due. � Unless i.ender and Borrower othenvise agree ln writing, any applicatIon of proc�eds W pr�acipal shtiil nat eatend or postpone the due date of the monthty payments referred to in paragrapha 1 and 2 or change die emount of such paymeats. 11.Borrower Not Released;Forbearance By I.ender Not a Watver.Extension of the t�me for payment ar modi8cadon of as�ortlzatlun s:f the sums s�md!�y thia Sscsufiy Insin!mPnt grente,rt by I er�r�tn A�y�►ccecsnr in inceresc af Borrower aUall not operatc to release the Iiabllity of tha orlginal Borrower or Horrower's successors in fnterest. Lender sh�ll not be required to � oommence pmeeedings sgainst any snccessar in interest or refuse to extend Qme for payment or otherwise madifar amo�al7ation � of.tde suras sRCUred by this Secudty Insuument by reason of aay demand made by the or�ginal Borrower qr Borrower's sutx�ssora in interest.Any forl�earance by Lender la exerclsing any right or remedy shall not be a waiver af ar preclude the exercise of eny right�r remody. � ' l�. Successors and Asstgrw Bound;Joint end Several Uab9lity; Co-stgners.The covenants and agtnements of ihis Secwity Iaswment shall bind and benefit the suooes�ors and assigns of Lender and Borrower� subject to the provisions of paragraph 17. Borrower's covenants and agreements shail be joInt s+nd severat. Any Borrower who casigns thls Sec�dty Inshument but does not execute the Note: (a)Is co-slgntng this Securiry Instrume�t only to mort$age. grant aad convey that , Eorrower's interest in the Property under the term�af this Securlty Insm�nxat;(b)is aot personally oblignted w pay the swqs sxtlred by this Socudty Instrumenh.and(c)agcees that Lender and any other Be�rrower msiy agree to extend,modify,forbear dT � make any accommodadons with regard to the terms of�his Security Insuument mr the Note without that�orrower's comsent. 13.Loan C6snrgea. If the laan secured by ti�s Sesurity Inswment is subject to a law which sets maximum loan charges. and that luvi is finaUy interpr�eted so that the interest or other loan charges collected or to be eoliected in connectIori with tha . loan a�cad the pecmittal licnits,then:(a)any such loan charge shali be reduced by the amount nacessary w reduce the chauga to ttt;p�rtutiid li��it;:s:d(!�)sny s�tns alt�y ccll�t!�f!�m Bond�x:r �rl�evc:e�e�get�ttc�4Ita�L w�l!be t?�r.��a tv Bonawer. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dlrect payment to Borrower. If a refl�nd reduces prIncipal, the reducuon will be meated as a partial prepaycsient wlthout any prepayment charge under the Note. � 14.NoticRS.Any nodce to$orrower provlded for In this 5ecurity Ins4ntment shall be given by deliverIag it or by mailing it by first class mail unless applicable law requlres use of another method. The notIce shall be dlrected to the Property Address or any other uddras Borrower designates by notico W Lender. Any notice to Lender shall be given by t��at class raail ta Lender's address stated herein or eny other address I:�ndsr designates by notice to Borrower. Any norice prov3ded for in this 5ectidty Insuument shall bo deemad to have been giverz to'Borrowcr or I.ender when given ns provided in thie paragcaph. 1S.Governtng Law; Severability. Thts Searity In�uvment shali be governed by federal law and the law of ttie jurlsdictIon fa which the Property is located. In the event that any provision or clause of this Secudty Instrument or the Note conflicts wtth npplicable law.sach coMict shall nat affect other pmvisions of tltis Secudty Inshument or tha Noie which can ba given effect without the conflfcting pmvtsion.To t�ia end the pmvisIons of thia Secudty Instrument and the Note are declaral to be severabie. � 16.Borrower's Copy.Borrower shall be gtven one conformed copy of the Note and of this Security Insuument. • Form 8029 8f90 Pego 4 W 8 �