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<br /> puyrtients may no longer bc requircd, at thc optian of L.endcr,if mnrtgagc insura�icc covcraBc(in thc amount und for thc perlod �
<br /> that l.ender requires)pravtded by un insurcr approvcd by Lender again becomes avnilable nnd is abcAined. 8orrawer shnll pay �
<br /> thc premiums reqiyirat ta mafntain mortgage insurance in etfcct,or ta provlde a loss rcserve,until thc rcquirement far mortgage
<br /> insurance ends in accordunce wlth any written agrcement between Bormwer und Lender or applicable Isw. '
<br /> 9.In+pectlon.L.ender or its agent may make reusonable eniries upon and tnspcctionc of the Property. L.ender shull glve
<br /> Borrower notice ut the time of or prior to an inspection specifying reasonable cause for the inspectton. �
<br /> IQ. Condemnatlon. The prnceeds af any sward or claim for darnages. Jirect ur cw�sequential. in connrction with any
<br /> condemnation or uther taking of any part of the Property,or for conveyance in Iieu of condemnatian, are hereby assigned and
<br /> shall be paId to I..ender.
<br /> In thc event of a total taking af the Properry. the proceeds shall b¢ applied to the sums secured by thls Security Instrument,
<br /> whether or not then due, wlth any excess paid to Borrowcr. In the event of a partiul taking of the Property in which the fair
<br /> murket value of the Property immedistely befare the taking is equal to or greuter than the amount of the sums securcd by this
<br /> Security Instmment immediately before the taking.unless Banower end Lender otherwise agree in wdting, the sums securcd by
<br /> thfs Secur�ty Instrument shail be reduced by the amount of the proceeds multiplied by the following fraction: (a) the tatal
<br /> amount of the sums secured lmmediately before the taking. divlded by @) thc fair matket value of the Property immediately ;
<br /> before the taking. Any b�lance shall be paid to Bonower. In the event of a partial W:ing of the Property in whIch the fair
<br /> market value of the Property immediately before the taking is less than the amount of die sums secured immedlately before the '
<br /> taking, unless Borrower and Lendcr otherwise agrec in writing or unless applicable law otherwlse prov[des,the procceds ahell
<br /> be applied ta the sums secured by this Secudty Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Bonower that the condemnor offers to make an
<br /> award or settle a claim for damages. Bonower fails to respond to Lender wlthin 30 days after the date the notice is given,
<br /> I.ender is authorized to collcxt and apply th$proceeds,at its option,either to restoration or repair of the Property or to the sums
<br /> secured by this Security Instrumeat,whether or not then due.
<br /> Unless I.ender and Borrower otherwise agree in writing. any application of proceeds to principa! shull not extend or
<br /> postpone the dua date of the mondily payments referred to In paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Released;Forbwtrance By I.ender Not a Waiver. Extenslon of the time for payment or modification
<br /> of amortizatlon of the sums secured by this Security Instrument grunted by L.ender to any successor in interest of Bonower shal!
<br /> not operate to release the IiabIlity of the original Borrower or Bonower's succe,9sora in interest. Lender shall not be requtred to
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br />- of the sums secured by this Security Instrument by reason of any demand made by thc original Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercisin$any right or remedy shall not be u wsuver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. S��ec�sots and Assigas Bouad; Joint and Severel Liabtlity; Co-signers. The covenents and agreements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Bonower, subject to the provtsions of
<br /> puragraph 17. Bonower's covenants and agreements shall be joint and several. Any Bonower who co•signs this SecurIty
<br /> Instrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grant and convey that ,
<br /> Borrower's interest in the Property under the terms of this Security Instn�menr,(b)is not personally obligated to pay the sums I
<br /> secured by this Security Instniment;and(c)agrees that Lender and any other Borrower may agree to extend,madify,forbear or
<br /> make any accommodations wtth regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. I.oan Cfurcges.If the loan securai by this Security Instrument is subject to u law which sets ma�cimum loan charges.
<br /> = and that law is finally interpreted so that the interat or other loan charges collected or to be collected in connection wlth the
<br /> loan excee�the permltted limits.then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> � ro the permitted Limit; and(b)any sums already collected from Borrower which exccedai permittai.limits will be refunded to �
<br /> � Borrawer. Lender may choose to make this refund by reducing the princ9pal owed under the Nose or by making a direct
<br /> i payment to Borrower. If a refund reduces pdncipal. the reduction will be treated as u partial prepuyment without any
<br /> ' prepayment charge under the Note.
<br /> ' 14.Nodces. My nouce to Borrower provided for in this Sesurity Instrument shall be given by delivertng it or by mailing
<br /> it by first class mail unless applicable law requires use of another methad.The nodce shall be directed to the Property Address
<br /> or any other address Bonower designates by notice to Lender. Any notice to Lcndcr shall be given by first class mail to
<br /> Lender's eddress stated herein or any othcr address Lende-designates by notice to Borrower. Any notice provided for in this.
<br /> � Security Instcument shall be deemed to have been given to Bonower or Lender when gtven as provideci in this paragraph.
<br /> } 15.Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisd{ction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Notc
<br /> , conflicts with applirable luw.such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> given effrxt wtthout ti�e conflicting proviston.To this end the provisions of this Security Instrument and the Note are dec(am.cl
<br /> ' to be severable.
<br /> 16.Borro�ver's Copy.Borrower shall be given one conformed cvpy of the Note und of this Securiry Instrument.
<br /> I
<br /> . Form 3028 9f90
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