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<br /> �95- ��'��'�� __--
<br /> p�yments may no longer he requiresl,at the optian af Lender,if mort�ngc insurance covem�c(in the umnunt and ar the period ��
<br /> that 1.ender requires)provWed by un insurer npproved by i..ender again becomes nvailablc nnd ix abtuinal. Bonuwcr shall pay
<br /> the premlums reqaired to maSntain mortgnge insurm�ce in cffect,or t�provide n lotis rescrve,until thc reyuirement for mortgagc —�
<br /> insumnce ends in nccardance with As►y wr�tten ugreement between Battawer nnd Gender or applicuble lu�v. — _
<br /> 9.Inspectton. Lender or it�ugent may make reasanable entdes upon and inspectionti af the Prnpcny.L.crtder shuli give �'?•
<br /> Sorrower rtotice ut the time of or priar to un in.vpection speclFyin�res�onnble cuuse far the inspection. _
<br /> !0.CondemnuYton.Ti�e prcx:eeds of uny uw;ud or clalm for damages, ciirect or con�equrnei:�l,in co�mection with cu�y �=`
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<br /> condemnaUun or other taking of siny part oP the Property.or far canveynnce in lieu uf condemnutiun.urc hereby assigtted and —
<br /> shall be paid to Lender. =
<br /> In the event of a total tnking of the Property,the pro:ceds shatl bc up}�lied to the sums sccur�by�hfs Sccarity Instrument.
<br /> whether or not then due. �vith any excess patd to Borrower. In the event of a purtial tuking of the Propc:rty in which thc fnlr ___
<br /> market value of the Property immediately before the takins is cqual to or greater than thc wnount of the sums securai by thia
<br /> Security Instniment im�teediately before tho takin�.�tnless Borrower and Lender otherwise agrce in wridng. the sums secured by =
<br /> this Securlty Instrument shall be mduced by the amount of the proceeds multiplled by the following frnctlan: (a) tbe tatal
<br /> amount of the sums secured iuunediately before the talcing.dtvided by(b)the fuir market value af the Properry immediately —.
<br /> before the taking. Any balanc�shall be paid to Horrower. In the event of a partial cakin�of the Property in whtch th$far
<br /> market vnlue of the Property imme�fiately before the taking is less than the amount of the suins secured immediately before the
<br /> taldng,ualess Borrower and Lender otherwise agree in wridng or unless applicable law othenvise provides,the proceeds shall
<br /> be applled to the sums secured by this Securtty Instn�ment whether or not the sums are then due. -
<br /> If the Property is abandoned by Borrower,or if.after notice by I.euder to Borrowcr that�4e condemnor of fers ro make an
<br /> award or settle a claim for daaiages. Borrower fails to respond w I,ender wlthln 30 days after the date the notice is�iven.
<br /> Lender is authorized to collect and apply the pmceeds.at its eption,either to mstoTation or repair of ehe Property or to the sums
<br /> secure�by this Securiry Instrwnent,whether or not then due. a 11cadon of roceeds to rinci a! shall not extend ur -
<br /> Unless Lender and Borrower otherwise agcee in writing, any pp� P P P
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amaunt of such puyments.
<br /> 11.Borruwer Not Releuced;Forbearance By I.ender Not a Walver.Extension of the time for payment or modificatIon
<br /> af amortizat�on of the sums secured by this Security Instnrment grar►ted by L.ender to any suxessor in interest of Borrawer shall
<br /> not operate to release the liabUlty of the originai Borrower or Bonower's successors in interest. Lender shall not be�+equired to �
<br /> commence pmceecilnBs against anY SuccesS°r in interest or ret'use W extend time for payment or othenvise modify amortizatton
<br /> of the sums secured by thas Se�urity Instrument by mason of any demand mnde by the orlginal Borrower cr Borrower's
<br /> sucoessors in intenest. Any to�bearance by iender in e�cisir�g any right or remed;shal!n�±r hP a waiver of or prertude the =
<br /> exercise of any right or mmedy.
<br /> 12. Suacessors and Assigns Bound; Joint and �PVeral UabiHty; Co-slSner�•'1'he covenants and agreements of thia
<br /> Secudty Iastiument shall bind and benefit the successors and assigns of I.ender and�Borrower, subject W tlha provisions of
<br /> paragraph 17. Borrowcr's covenants and agreemeats shell be joint and several. Any Horrower who casigns thls Security
<br /> Insuumeat but does not execute the Note: (a) is co-signing this Security Instrument anly to mortgaga. grant and convey that
<br /> Borrower's interest in the Property under the terms of this Securtty Instn►ment: (b)is not personally obligated to pay the sums
<br /> se�ured by this 5ecurity Instivment;and(c)agrees that Lender and any other Barnower may agree to extend.modify,forbear or
<br /> make any accommodutions w►th�+e8a�'d to the terms of this Sacurity Inswment or the Note wlthout that Borrower's consent.
<br /> 13.i.oan Charges.If tke loan secured by this Security Instrument is subjea to a law which seta maxtmum loan char�ees.
<br /> and ihat law Is finaUy interprete�so that che interest or other loan charges coll�or to be oollectat in connecaon with the
<br /> loan exceed the pern�icted limits.d►en: (a)any such toan charge shall be reduced by the amount necessary to�duce the charge
<br /> to the permitted limit: and (b)aay sums already collected from Borrower which exceedad permitted Ilmits will be refunded to
<br /> Borrower. Leitder may choose to make this refiind by reducing che principal owed under the Note or by n���outja�n
<br /> payment w Borcower. If a refund reduces pr[nclpal. the reductlon will be treated as a partial prePaYme Y
<br /> prepayment charge under the Note.
<br /> 14.No3tces. Any notice to Borrower provided for in this Security Instnunent shall be given by delivedng it or by mailing
<br /> it by first class mail unless aPplicable law requlres use of another method.'ft►e notice shall be directad to the Property Address _
<br /> or any other address Borrower designates by notice to Lender. Any nodce to Lender shall be givsn by first class mail to
<br /> Ler.der's address state�herein or any other sddress L.ander deslgnates by notice to Borrower. Any notice pmvided for in this
<br /> Secudty Instnunent shall be deemed to have been glven to Borrower or Lender when given as providod in this paragraph•
<br /> 1S.Governing Ia►w, Severabtlity. This Security Inspument shaU be governed by Cederal law and the iaw of the
<br /> jur[sdiction in which the Property is located• In the event that any provision or clause of this Security Instiument or the Note
<br /> contlicts with applicable law,such contlict shalt not affect other provisions of this Secuclty Inst�ument or the Note which can 6e
<br /> given effect without the confltcdng provision. To this end the provisions of this Security Instru�nent and the Note ara declared
<br /> to be severable.
<br /> ld.Borrower's CuPy B�Tro�'+er shal!be given one conformed copy of the Note and of this Security Instrument.
<br /> Fottn 3028 8/90
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