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<br /> 98— �c��o��
<br /> payments may no longer t�e re.�uiral,ut the optlon of I.cncicr, if ir►o�ygaBe insuruncc cavcrage(in thc anxiunt arxi for the period
<br /> that l.cnder reyuires)pmvidaf by an insurer approved by I.endcr again bccomes uvuileblc und is obtained.Borrower shwll pay
<br /> ❑te premiums required to maintnln mortgage insurunce in effect,ur to provide u loss reserve.until thC requirement far mongage
<br /> insurance eixis in accordince with any writtcn agrcemeot between Borrower and I.ender or applicable law.
<br /> 9. Inspectfan�LcndGr or its ugent may make rcusunable entries up�.�n srxl inspections of the Propeny. Lender shall give
<br /> Borrower notice at thc dme of or prior M an inspoctinn shecifying rcasanable cause far the inspection.
<br /> 10. Candemn�tt�n. The proceats af any award or claim for damages, direct�r consequential, in connecti�n with uny
<br /> condemnatian or other laking of nny pan of the Propercy,or for conveyunee in lieu of ca�xlemnation,ure hereby assigneci and
<br /> shall be paid ta I.ender.
<br /> In thc event��f a tdal tsking af thc Praperty,the procads shall be applied to tnc sums sccum,ct by this Security Insinimcnt,
<br /> whcther or not It�en due, with uny excess paid to aarrower. In the event of a pactisl taking of tha Pm;xxiy i.n whici�the fair
<br /> mnrket v�lue of thc Propeny immediataly lwfore the taking is equul to or greater than the amouut ut'ihe su.rns sr.,cu.r.ed:by this
<br /> Security Instn►ment immediately before the taking,uniess Tsorruwc� uuu i.e�dcr c.�:cn:is:.;rg.�.`:.:`•"'�.!=�'°.!��'«<,ns:x�cu,c�c!by
<br /> this Securiry Instrum�nt shall be redueed by the amount of the proceeds multiplied by �br. f:o1l.c�vri�.Tg fra,ct:io,.i: (a) the totAl
<br /> amaunt of the sums securcd immediately befor�tha tnking. divided by (b) the fair market vaJur��f tivr Propeny immodiately
<br /> before the tnkins. Any bi3lnnce shall be paid to Burro���er. In the event of a pnrtial taking of the Property in which the fair
<br /> market vnlue of tho Prnperty immeciiately befare thc taking is less than the a�r►ount af the sums secured immedistely befare t1►e
<br />. taking, unless Borrower und l.ender otherwise ugrec in writing or unless applicablo Isw atherwise provides, the proceeds s1iaU
<br /> bc applied to the sums sxured by this Security Instrument whethce or r►ot thc sums are then clue.
<br /> If the Property is abandaned by Bonower,or if�after notice hy f..tmdcr ta Bnrrower that the cordemnor offars ta mtike an
<br /> award or settle a clsim for dama�es, I1orrower faila to respond ta l,encler wiQiin 30 duys after the date the notice is givnn,
<br /> Lender is suthorizal ta collect and apply the proceeds,at its option,either to restortitlon or repair of the Prbpeny ar to the sums
<br /> sicured by il»s Sexurity InstrurrKnt,whether or not then due. �ication of roceeds to rinci al shall not extend or
<br /> Unless [.ender and Borrower utbcnvise agree in writing, any app p P P
<br /> postpone the due date af the monthly payments referred to in paragrephs 1 and 2 or change thG amoant af such payments.
<br /> 11.Horrower Not Rdesuged; For4xAr+tnce BY L.ender Not s�Waiver. Extensfon of the time for payment or modification
<br /> of amorti:,�tion Qf!he s�!rns�ured hy this Security Instrument granted by[.ender to any successor in interest of Bonowor shc►11
<br /> not operate to release the Ifabiliry af the ariginal Aorrower or Borrower's successors in interest,I.�nder snati �wi ix rcaui�.:�ia
<br /> comnxna proceodings against eny vuccessor in intcrest or refus��to extend time far payment or nthcrwise modify smortit.�tion
<br /> of the sums secund by thie Security Tnstrument by reason of uny demand mnde by the original Borrower or Borrce�vcr's
<br /> successors in interest.Aiay forhearnnce by L,ender in exercising any right or remedy sl�ull not be a waiver of or preclude the
<br /> cxer�ise af any right or remedy.
<br /> 12. Succes.sors �nd Aasigns Bound; Joint and Several Liabiltty; Casigners. The covenants aitd ngroementR'of this
<br /> SeGUrity Instntment shal! bind and benefit the successors and asaigns of I.ender and Borrower, subject to the provi�ions of
<br /> paragraph 17. Borrower's covenants und agrcements shall be joint snd several. Any $orrower who co-signs chis Security
<br /> Instrument but dots not cxccutc the Note: (a) is co-signing this Secu►ity Instntment only to moctgagc, grnnt nnd con�ey that
<br /> � Borrower's intor�st in the Property under the tertns of this Security Instrumenr (b)is nat personally obligatai to pay the sums
<br /> socurai by this Sanrity Instrument;a�d(c)agras that Leuder und any othcr Borrower may agrcc to extend, modify, fori�cur or
<br /> mnke uny•i�e4ommodations with rc$slyd to the tecros af this Security Instrument or the Nate wliha►t that Borrower's conaent.
<br /> 13.'l.c+un'Clwrgea.Tf the loan s�cured by this Security instn�ment is subjcct to a law which sets maximum loan ctiar�es. '
<br /> end that law is �;�►any i�rateipreted so,fhat the interesi ar other,-lm;ui.chargts callectal or to t+e co�lectod in connection with the
<br /> ° loan exceecl�the peraA�iu��i Jimlts, then; (a)any suctti.lon�ehat�e shall be reduee�9 by the amount nocessary�o roduce tt�e charge
<br /> to the petinicted limit;�md�(b)0qY sums already collected fsom Borrowcr whlch excoeded permitted lim(ts will be refunded to
<br /> Borrower. �i.ander rruy choose to•make.th�s refund by neduCing the principal owed unde� the Note or by muking a direct
<br /> payment to Borrower. If a tefund redures principal, the reduction will be created as a �rt�al PnPaYnxnt without any
<br /> prepayment charge undcr the Note. •
<br /> - 14.NoNces.A»y naice co Borrpw�er provideol for in this Security instrument shall be given by deYeve•r.i�ng it or by mailing
<br /> � it by first class rnail unless upplicable inw roquites use of anothcr rn�thod. Thr,notice shall be directcd Cu�jhe Property Addrcss �',�. ��,�,
<br /> or any other address Borrower designates by nptice to L.ender. Any notice to Lender sh�J!b� given by first class mi�jl to
<br /> Lender's eddrtss stated herein or any other addre�s I,cnder designates by notice to Borrower.Any nbtice provided for�in this .,,.•
<br /> � Security Instrument shalt be dcemed to havc been giaren to Borrower or i.ender when given as provided•+n th:s paragraph•
<br /> - 15.Governl� I,nw; Severabflity. 1'his Security Instnimcnt shnll be guverned by fedcrel law and the law of the . ;,
<br /> jurisdiction In v:hicl�the Pro�rty is Icuated. In Ihe event that any provi�inn or clause of this Security Instrument or the Note ,
<br /> _� eonflicts with upplicable law. such canflict shutl not affeet otf+er pmvisions of cnis Securicy instrumcnt or thC Nute wiuch can be
<br /> � given effxt wittwut the conflicting Qrovision. To this end the provisions of this Security ir�stmment and the Note ure declarod
<br /> { to bc severable.
<br /> ,� 16.Borna�rer's Copy.Bon'ower stul!be ged r::on�conformed copy of thc Note and of this Secuurity lnstrument.
<br /> fonn 3D28 9/90
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