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<br /> payments may no longcr be required.at the option of L.ender,if mor[gage insurance�vve�age t in the amount and for the periad , - , ` , ; ��,_
<br /> : that Lender requires) provided by an insurer approved by Lender egain becomes available and i�obtained. 8orrowcr shall pay . • � �
<br /> the premiums required to maintain mortgage irsurance in effec[,or w provide a luss re+ene.until the reyuirement fur mortgage . . _ �. _
<br /> insurance ends in accordance with any written agreement between Borrower and Lender ur applir..ible law. r ` ` �'�""'r
<br /> 9. Inspectton. [.ender or iu agent may cnake rea�or�able entries upon and inspection.of the Propeny. Lender shall give � � • � `�-
<br /> Borrower notice at the time of or prior to an inspection specifving reasonable cause for the inspection. _° ._��
<br /> 10. Condemnation. The pruceeds of any award or claim for damages, direct ar rnnseyuQntial. in connection with any • .,.
<br />_- condemnauon ur other taking of any part af the Praperty, or for conveyance in lieu i�f rondemn�tion,are hereby as,igned and .
<br /> _ '•�'
<br /> shai!be paid to Lender. � � � : ". �
<br /> In the even[of a total taking of tfie Property.the proceeds shall be app!ied to the sums secured by this Security [nstrument. �_�,' : t F�
<br /> wfiether or not then due, with any excess paid to Bortower. In the event of a partial taking ��f the Property in which the fair . •
<br /> market value of the Property immediately before the takiry;is equal to or greater that�the amount of the sums secured by this . ��'�";-�"-
<br /> �:,ti;.>�;_ �—.
<br /> Security Insuwnent immediately before[he taking.unleas Borrower and i.ender otherwise agree in writing,the sums secured by � -'_�s=;.�- -r=-
<br /> .,;�. .
<br /> � this Srcuriry I�strument shall be rednced by the amount of the procceds multiplied by the foflowing fraction: (a) the total " _
<br /> amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately '�'y'��
<br /> before the talcing. Any balance shall be paid to Borrower. in the event of a partial taking of the Property in which the fair ; . '�� �i""`-� =-_..
<br /> market value of the Property icrtmediately before the taking is iess than the amount of the sums secured immediately before the ` �
<br /> taking. �sa3ess Borrower and Lender othemise agree in writing or unless appli�ble law otherwise provides,the pmceeds shall � G ` �`--°.
<br /> -:� ��,-:�_
<br /> : � be applied to the sums secured by this Securiry Instrument whether or not the swns are then due. -�.-"'�-- '
<br /> If the Property is zbandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an _ �__
<br /> . _���-.
<br />- award ar settle a claim for damages. Borrower fails to respond to ixnder within 30 days after the date the nouce is given. �;y-- _ —
<br /> ' • ;��,-::-��_ :
<br />: ' � Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums ` . . ' .°• .. .�;c-`
<br /> -� secured by this Secvrity instrument. wheiher or not ihen due. � �`" `�'-�
<br /> .�'.j Uc�tess Lender and Borrower otherwise agree in writing, any appliption of proceeds to principal shall noi extend or ��{'��_ .,� �
<br /> 1 postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. '• x= _
<br /> � I 1.Borrower Not Released; Forbearance f�o L.ender Not a Waiver.Extension of the time for payment or modification - ,� � ..
<br /> - � of amortiiation of the sums secured by this Securst} lnstrument granted by Lender to any successor in interest of Borrower shall ' <.., `"„r`� ,:��
<br />� not operate to release the liabilit of the ori inai Borrower or Borrower's successors in interest. Lender shall not be required to _ � '
<br /> ' cammence proceedings against any successor in interest or refuse to eztend time for payment or otherwis2 modify amortization ''.t�� : � �, ` �
<br /> �• of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's , �!:. .: _-
<br /> ' successors in interest Any forbearance by Lendrr ia exercising any right or remedy shall not be a waiver of or preclude the `''" Y `�`: �t�
<br /> ..:.� . .a.Y: ' �*- '.'
<br /> exercise of any rigfit cr remedy. . ��j�`�°' ' �' �� "�
<br /> :���,;- ,--
<br /> . 12. Suocessors and Assigns Bound;Join6 ::,d SQVera! Liability; �signers. The covenants and agreerteents of this . : h ,.�
<br /> � ';>�::�r .
<br /> � Securiry Instrument shall bind and benefit the successars and ass bans of Lender and Borrower, subject [o the pro�•is:ons of :� ; ��, � ,t •
<br /> , paragraph 17. Borrower's covenanu and agreertients shall be;oint and several_ Any Borrovrer who co-signs this Security �,�. -�� �ts .: __ .
<br /> _� ,.
<br /> Instrument but daes e:et execute et►e Note: (a) ic oo-signing this Security Instrument anly to mortgage, grant and convey that � •
<br /> Borro�ver's interest in the Propecry under the terr.ss of this Security Instrument: (b)is not personally obligated to pay the sums j,:}'.•:•-°—
<br /> secured by this Security Instniment:and(c)agrees that Lender and any other Borrower may agree to extend.modify,forbear or j`������
<br /> � 7r.::._.;��
<br /> make any accommodations with regard to the terms of this Securiry Instrument or the Note without that Borrower's consent. ,�• ' -�'�=--
<br /> ' 13.Loan Cha�ges. If the loan secured by this Security Instrument is subject to a law which seu ma�cimum laan c�arges. � "..,.`.:'•�,��-:�..�`:.;;-
<br /> ag
<br /> � and that law is finally interpreted so that the interes[or olher loan charges cellected or to be collected in connection with the ____--
<br /> .�. .. � .
<br />� �• loan exceed the permitted limits,then: (a)any such toan charge shall be redu.•x�by the amnunt necessary to reduce the charge =
<br /> to the pertnitted limit:and(b) any sums�Iready collected from Borrower at�.:ch exceeded permitted limits will be refunded to J _ � ;�'� �.
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct -= —
<br /> paym�t to Borrower. lf a refund reduces principal, the reduction wiU be treated as a partial prepayment aitlicut any �-'�---�="�•''-�'t `'"_
<br /> `,; prepayment charge under the Nate. ��� � �
<br /> � 14.Noticcs.Any notice to Borrawer provided for in this Security Inswment shall be given by deli��i:sg it or by mailing ,� � -.'v
<br /> it by first class mail unless applicable taw requires use of another method. The notice shall be directed ui�i:e Property Address �' ;.;.'�
<br /> �� or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by.first clzas mail to = .��'�°''
<br /> Lender's address stated herein or�y other address Lender designates by notice to Horromer. Any notice pravided for in this -��
<br />. Security Instrument shaU be deemed to have been given to Borrower or L.ender when given as provide�in this paragra;�?i. ti-�`��-�;�_-__
<br /> I5.Governin�� Q.aw; Severabillty This Securiry Instrument shall be govemed by federal law and the law of the . �'.'"r;�,.,_.__
<br /> jurisdiction in whic:�the Property is located. In the event that any provisioa or clause of this Securiry Instrument or the Note •� °'"':''.��''—
<br /> confliers with applicable law.such conflict shall not affect other provisions of this Security Instrument or the Note which can be - �'`��
<br /> :���:,.:
<br /> � given�fExt without the canflicting provision.Ta this end the pravisions of this Security Instrument and the Note ace declared • �•• . � � � ,
<br /> . to be severable. -��P,�'?,'F=..?�"'� �
<br /> 16.Borrower's Copy.Bonower shall be given one conformed copy of the Note and of this Security Instrument. � ' ,��••
<br /> Form 3028 9/90 ��..+�.
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