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<br /> payments may no longer be rc�uired.nt the option of Lender. if mortgage insurance coverage(in the amount c�nd for the period
<br /> thut I.ender �equlres)pmvided by�insurcr nppravtd by Lcnder agnin becames av:nlluble and is obtnined. Sorrower shatl puy
<br /> thc prcmiums ceqeiired to maintain mortgage Insun+nco in effect.or to provide u loss reserve,until the requirement for martgage
<br /> insurance end5 in acoordnnce wit6 any written a�reement between 13oreower and Lender or applicable law.
<br /> 9. Invpectlan.Lender or Its ngent may make rcasanable cntrles upan nnd inspections af the Property. Lender c;haQ give
<br /> Borrower notice at the time of or prior ta an inspection specifying rensonable cnuse for the inspection.
<br /> 10. Condemnation. The ptocecds af any awurd ar clnim for dnmages. direct or consequentiel. in connection with uny
<br /> condcmnaiton ar other la�ing�f any part of thc Property,ar for�nveyance in licu of wndemnacfan, are herehy essigned and �-.
<br /> shaU be paid to Lender.
<br /> in the event of a toutl tnking of the Property,the proceeds shall be applied to the sums secured by this Secudty Instrument.
<br /> whether or not then due, with any excess paid to Borrower. In the event of a piutial taking af the Property in which the fair
<br /> m�rket value of the Property immedtstely before the tuking is equsl eo or greater than the amourtt of the sums secured by this
<br /> Serudry Instrument immediately before the taking,unless Horrower artd L,ender otherwlse agree in writing.the sums se�urod by
<br /> this SECUrity Instrument shall be reduced by the amount of the proceEds muldplicd by the following frection: (a)the total __
<br /> amount of the sums secured irnmediately before the teking, divided by(b)the feir market value of the Property immediatelY
<br /> before the u+king. My bafance ahall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market velue of the Property Immediately before the taking is less than the umount of the sums secured immc�ate�y before the
<br /> taktng.unless Borrower and i.ertder othenvise agree in writing or unless applicable law otherwise provides, the proceeds shall
<br /> be applied to the sums secured by thia Security Insuument whether or not the sums are then due.
<br /> ���propenyr is abandoned by Borrower,or if,after rtotice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a clalm for damages. Borrower fails to respand to Lender within 30 days after�he date the notice is given,
<br /> Lender is authorized to collect and apply the pmcceds.at its option,either to restoration or repair of the Property or to the swns
<br /> secured by thia Security Instrument,whether or not then due.
<br /> Unless I.ender and Borrower otherwise agree in writing, any appltcation of proceeds to principal shall aot extend or
<br />' p�stpone the due date of the monthly pnymenu referred to in paraglaphs 1 and 2 or change t6e amount of such payments.
<br /> 11.Borrower Not Released;Forbearance By I.ender Not a Watver.Extension af the time for payment or modification
<br /> of amortization of the sums secured bY this Security Inswment granted by Lender to any sucxessor In intcrest of Borrower shall
<br /> not opecate to release the IiaUiHty af the original Sorcower or Bor�+ower's successors in interest. Lender shall not be reyuiced to ._
<br /> commence pmceeciings against any successor in interest or refuse to extend t�me for payment or otherwise modify amortization
<br /> of the sums secured by this Se�rity Insuumeat by reason of any demand made by the odginat Borrower or Borrower's
<br />_ �yr�sn�in interest. Any forbearance by Lender in exercising any right or reme�y shail not be a waiver of or preclude tke
<br /> exercise of any right or remedy.
<br /> 12.5uccessors and Assigns Bound;Jotnt and Several Llability; Co-signees. The covenants and agreements of this
<br /> Securlty Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject ta the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shaU be joint and several. Any Borcower who oo-sigas tbis 5e�urity
<br /> Instrument but does not execute the Note: (a) is rn-signing this Serasriry Inswment only to mortgage.grant and convey that
<br /> Borrower's interest in the Property under the terms of thts Security Insuument;(b)is not personally obHgated to pay the sums
<br /> secured by this Securiry Instrument;and(c)agrers that I.ender and any other Hortower may agreE W extend.modify,forbear or
<br /> make any aocommodations wtth regard to the terms of this Securtty Inshument or the Note without that Bormwer's consent.
<br /> 13.Loan Charges.If the loan secured by this Security Instru�rtent is subject to a law which sets maximum loan cdarges.
<br /> and that taw is fiaally intecpreted so that the interest or other loan charges ooUected or W be colleeted in oonnection with the
<br /> loan exceed the permitted limits.then: (a)any such loan chazge shall be c+educed by the emount aecesssry to reduce the charge
<br /> to the pemtitted limit;and(b)eny enms already collected fmm Borrower which exceeded pemiitted 1irt►iu will be refunded to
<br /> Borrower. Lender may choose to make this refuna by reducing the principal owed under the Note or by maktng a direct
<br /> PaYment to Borrower. If a refund reduces princlpal. the rodadion will be treatod as a partlai prepayment without eay
<br /> prepayment charge under the Note.
<br /> lA.Nottces.Any notice W Bormwer provided far ia this Secucity Instrument shall be given by deIIveriqg it or by mailing
<br /> • it by first class mail ualess applicable law requires use of another method.The notice sliall be directed to the Property Address
<br /> or any other address Borrower des�gnaces by aotice to Lender. Any notice to Lender shall be given by fi�st class rpail W
<br /> L�,mder's address stated herein or any other address I.ender designates by aotice to Borrower. Any notice provided for in this
<br /> Security Inst�uraent shall be detmed to have been given to Borrower ox Lender when given as provided in this paragraph•
<br /> 1S.Governing Law; Severability. This Security Instrument shall be govemed by federal law end the law of the
<br /> jwisdiction in which ttte Property is locatsd. In the event that any provision or clause of titis Security Insuument or the Note
<br /> conflicts wlth applicable lew.such conflict ahaq not affect ather provisions of this Securiry Instnunent or the Note which can be
<br /> given effect without the wnflictiag provision.To this end the pmvisions of thls Security Instrument and the Note are declared
<br /> to be severable.
<br /> 16.Borrower'a Copy.Borrower shall be given one conformed copy of the Note and of this Security InstnimenL
<br /> Fotm 3028 8/90
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