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<br /> paymcnta mey no longcr bc rcqulred,nt Ihc opdan of Lcndar,if mnrtgugc insurancc covcrage(in thc a►nount su�d for tha period , �
<br /> I that Lcndcr roquitc�)providcd by en Insurcr approvcd by I.cndcr aBnin bocomcs availablc artd Is qbu►incd. Boaowcr shaA pay the
<br /> prcmiums requircd w malntain mortgago inaurance in cffcct,or to providc a loss rescrvc,unW tho rcquircmcnt for mortgagc
<br /> insuranco cnds in accordance with eny wducn egrocmcnt 6ctwccn Borrowcr und L,cndcr or appliceblc law.
<br /> � 9.Insptctbn. Lcndcr or its agcnt may malco reusonablo�nvics upon and inspecdons of thc Property. Lcndcr shaU give
<br /> .i. IIarrowcr notica at iho lirno of or prior w an inspec:�on spa:ifyi��g rcasuuablc cuuse for thc inspection. -
<br /> 10.Condemn�tbn. 'Itio prococds of any award or claim far damagcs, dirxt or conscqucntial,in conncctian with any �
<br /> .•---^°"r" condemnadan or other taking of eny part of tho Property,or for comeyunce in licu of condemnadon,nre hereby assigned and
<br /> . . 'i°"� sheU bc paid w I.cndcr. `
<br /> In the evcnt of a tntal takin of the Pro :��
<br /> g perty.the procccds shall be applled to Ihe sums sa:urcd by this Security Instrument, �_
<br /> whcthcr or not thcn duc,wlth any cxccss paid to Borrowu.In the event of a partial taking of the Property in which the feir markct �`�:
<br /> valuo of tho Properry immcdiately beforc tho takirtg 3s equal eo or grcater than thc amount of thc sums secured by this Securfry
<br /> Instrumcnt lmmodiatcly bcforo the taking, unless Borrowu and Lender othuwise agree in wdting, the sums secured by this �
<br /> SecurIty Insuument ahall be reduced by tho amount of the proceeds muldplled by the following fraction: (a)the total amount of -
<br /> iho sums securcd lmmediatoly before the tnking,dlvided by (b) thc fatr market valuc of the Property immediatcly before tho
<br /> �8•�Y���1 be Paid to Borrower.In tho event of a part)al takL�g of the Property In which tha fair market value of the
<br /> Pinperty immedisuly before the taking is less than the amount af the sums secumd immediately beforc the taking, unless ; ;:a
<br /> Borrowu and Lcndu othcrwise agree in wiidng or unless applkable law otherwise provIdcs,the proceeds shall be applied to the ._
<br /> sums socured by this Securlty Instrument whethcr or not thc sums are then due. •'�r;,
<br /> If tho Proputy is abandonod by Borrowu,or if,after notice by L.ender to Borrower thet the condemnor offers to make an "'"
<br /> awerd or seule a claim for damages,Borrower fails to respond to Lender wlthin 30 days aftcr the datc the nonce is given,Lender
<br /> . is authorized to colloct aad apply ihe proceeds,ai its opdon.either to reswradon or repair of the Propecty or to the sums socured
<br /> by thls Se�urity Instrument,whether or not then due. -
<br /> s Unkss Ltnder and Borrowu otherwlsa agree In wrldng,any applicauion of procoe�s to principal shall not eaund or postpoRC ,_
<br /> the due date of the monthly payments refened to in pa.ragrephs 1 and 2 or change the amount of such paymenta. �'�
<br /> 11.Borrower Not Itekased;Forbearana By Lender Not a Waiver. Baccnslon of thc time for payment or modifiwtion E�
<br /> of amordution of the snms secured by this SxurIty Instrument granted by Lender to any successor in interast of Borrower shaU -
<br /> not operate W nlease the llabillty of the original Borrowa or Borrowu's successors in interes�Lcnder shall not be required to —
<br /> commena pmceedings against any successor in inurest or refuse to extend time for payment or otherwise modify amortizanon of -
<br /> _-_�---- • the aums socured by this Sxuriry Instrumeat by reason of any ckmand made by the original Bomnwer or Bomower's successors •.
<br /> ' � in inter�est Any forbearaace by Lender in exr�ising any right or remedy shall nat be a waivu of or pi+eclude tbe eacerc9so of eny �
<br /> dght or rcmody.
<br /> � . , 12.Succawrs And Aasiga�Bound;Jofnt Aad SeverAl Li�bilttyi Casigners. The covenants snd ag�ents of this
<br /> Socurity Instrument ahall bind and benefit ths successors and assIgns of Lec►der end Borrowu,subjoct to the pmvisions of =
<br /> paragcaph 17. Bomuwcr's covenants and agreements shall be Joint end sevual. Any Bonowu who ca-signs this Security �
<br /> ' , Instcumait but does not uecuta the Note: (a)is co-signing this SecurIty Instrument oNy w mcxtgage,grant and convey ttiat -:
<br /> Borrower's ink,rest in the Pro G`
<br /> . socured b this Seciui Instrument;and(c�agroes th t Lendu and�nstrum o�)un�personally obligated to pay tbe sums ;
<br /> y �Y Y y egra w extend,modify.forbear or =.
<br />' . . mske any eccommodadons wlth cegaN to the tums of thLs Securlry Instzume�t or tha Note without that Bomower's consea� -
<br />_ 13.I.oan Clwrges. If the loan secured by th�s Securiry Ins�ument is subjGCt to a law which sets maximum loan charges.
<br />;�t;'., ��r;4:,,: and that law is finally Inte�preud so that thcs inte�nest or othu loan charges collocted or to be coUectod ia connection with the loan
<br />�,t,�<.t9 excad thc pemilued limita�then: (a)any such loaa cdarge shall be raluced by the amonnt nocessary to rodnce the charge W the
<br />�.,-.� ...• permitted limi�end(b)any sums alnady wllectod from Borrowu which exceeded permiued limits will be refunded to Borrower.
<br /> � � Lenda may choose to make this refund by reducing the principal owed under the Note or by making a direct payment w
<br /> � .�,, Borrower.If a nfand c�educes princfpal,the reducdon wiU be ireaud a9 a paztial Prepaycnent without anY Prepayment cherge —
<br />�.•r �: � , ----
<br /> unda thc Notc.
<br />_ .''':'� : 14.NoHca. Aay nodce to Borrower provided for in this Security Instrument shall be givea by delivering it or by mailing it --
<br /> --' Y:..- by fust class mail unkss applicable law requims use of another method.The nodce shall be directod to the propercy Address or W
<br />�'� ':.�:' any other addmss Borrower dcsignates by noqce to I.cnda.Any nodce to Lender shall be given by Puat class mail w Lender's `-`�
<br /> ��=�°,w..� adctress stated herein or any other eddress Lender designates by nofice to Borrower. Any nodce provlded for in this Securiry ''��
<br />• . . Instrunnent shall Ue dxmed w have been gtvcn to Borrower or Lender when given x�provided in this paragraph. '<<:=-_
<br /> 15.Coverning I.Aw;Sever�bility. 'Itiis Seciuity Instrument shall be govemed by federal Iaw and the law of the `��'
<br /> jurLsdiction in which the Property is located. In the event that a��y provisIon or clause of this Security Instrument or the Note -- -
<br /> � conflicts with applicable law. such wnflict shall raot affect other provisions of thLc Seciuity Ins�ument or the Note which can be '.~��`�
<br /> glven effect without the conflicti�ng provision.To this end the pmvisions of this Seciuity Insaument and the Note ar�declaral w -
<br /> be sevc,�able. ' -
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<br /> Form 9028 0/90 __ °
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