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<br /> ==.-Y'%��°';"' payments muy no langcr bc rcyuired,at thc option of Lendcr,if mortgugc insurancc cuvcragc(in thc amount an or t c period
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<br /> ----•.�,�_•, that L.endcr requires)provid+:d by an insurer upproved by I..endcr ngain bccomes uvuilablc and is obtained. Borrower sha pay
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<br /> _�..,: ;,r the prerniums requirecl to maintain mangage insurance in effect,or to provide u lass rexerve,until the requirement for mortgage
<br /> �"`�_�°"'n insurance ends in accordance with nny written agrcement bctwcen Borrower and Lcndcr ar applicuUle law.
<br /> --".
<br />:_ =�-'"' 9.InspecNnn. Lender ar its agent may makc rcusonublc entrics upon und inspections of the Property. Lendcr shall give
<br /> _�� Borrowcr noticc at thc timc of'or prior t�an insnecti�n sper.ifying rcasanaiblc c�usc for thc inspcction. __
<br /> 10.Condemnatian. The proceeds of any Award ar claim for damages, direct ur consequential, in connection with any
<br /> --"�� condemnation or ather taking of nny pa�t af the Property, or for conveyance in lieu c:f c�ndemnution,are hereby assigned and
<br /> _;,,Y;.";��* shall be paid to Lender.
<br />--�'�� In thc cvent of a total taking of thc Propeny,the procccds shall be upplied ta the sums sccured by this Security Instivment,
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<br />'"'•.:4•.- .: whethc:r or not then due, with any excess paid to Borrower.In the event of a partiul taking of the Property in which the fair
<br />==-='-"' markct value of thc Property immediately beforc the takins is equal to or grcntcr than the amount of the sums secured by this
<br /> �TM - Security Instrument immediately before the taking,unless Borrower and Lcnder otherwise agree in writing,the sums secured by
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total
<br /> �_�;;;�'�� amount of the sums secured immediately beforc the taking. dividi:d by (b) the fair market value of the Property immediately
<br /> '-�'�°�'�„�� before the taking. Any balance shall be paid to Borrower. In tlie event of a partial taking of the Property in which the fnir
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<br /> -_ - market valuc of the Property immediately before the taking is less than the umount of the sums secured immediately before the
<br /> -�°='"'"`•= taking,unless Borrower and Len;ler otherwise agres in writing or unless applicable law otherwisc provides, the proceeds shall
<br /> ����� be npplied to the sums secured by this Security Instrumenl wheQ►er or not the sums are then dua -
<br />-"`'{°r"�'=y If the Property is abandoned by Aorrower,or if. after notice by Lender to Borrower that the condemnor offwrs to make an
<br />_�:,:�WK • uward or settle a cluim for damnges, Borrower fails ro respond to Lender within 30 days after the date the natice is given,
<br />==`�=- L.ender is authorizcd to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums
<br /> ,_-�,F��.�•,��'►� sccured by this Securiry Instrument,whether or not then due.
<br /> •-� ��� Unless C.cnder and Borrower othenvise ufirec in wciting, any application of proceeds to principal shall not extend or
<br />"`=K°�.,� postpone the duc date of the monthly paymcnts referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Reteased; Forbenrance By I.ender Not a Wniver. Extension of the time for payment or modification
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<br /> ___ of umonization of the sums secureci by this Securiry Instrument granted by L.ender to any successar in interest of Bonower shull
<br /> ����. not opemte to release the liubility of the original Bon•awer or Borrower's successors in interest. Lender shall not be required to
<br /> -_���� cammenc� proceedings against any succecsor in interest or refuse to extend time for payment or othenvise modify nmortizatton
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<br /> _=— of thc sums sccurect by chis Su:urity I���t�w��cjit by reas:,n of any dcrtard :nadc by the origins! BoiTet�e* �r B�rr�wer s
<br /> '-:?�� succe.sors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> � — exerciseof any right or remedy.
<br /> �i�� 12. Successors and Assigns Bound; Joint and Severnl Llability; Co-signers. Thc covenants and agreements of this
<br /> ��:?_�� Security Instrument shall bind und benefit the successors und assigns of Lender und Borrower, subject ro the provisions of
<br /> ---_-=—== paragraph !7. Burrower's covenants and asreements shall be joint and several. Any Horrower who co-signs this Security
<br /> --°'-'� Instrument but does not exec.ute tl�e Nute; (a)is co-signing this Security Instrument only to martfiAge, grant and convey that
<br /> �w.:�s�� Borrowcr's interest in tl�e Property under the terms of this Sccurity instnimenr (b) is not personally obligated to pay the sums
<br /> ---''`�� sewred by this Security Instrument;a�id (c)agrees thut Lender nnd any other Borrower may agree to extend, modify,forbear or
<br />_ �_��1�` make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> -��-�a�e 13.L.oan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
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<br />-------__ and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection wit t e
<br /> =-'�� loan exceed the permitted limits,then: (a)uny such loan churge shall be reduceci by the amount necessary to reduce the charge
<br />='`='„��=� to the rmitted limit; and(b)an sums alread collected from Borrower whicl� exceeded permitted limits will be refunded to
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<br /> Y;;•_,'�.:,_i'r. Borcowcr. Lender muy choos�: to make this refund by rcducing thc principal oweAi under the Note or by making a direct
<br /> -"-;•=J' payment to Borrower. If a refund reduces principal, thG rectuction will be treated as a partiAl prepayment without any
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<br /> ��,�,, :., + prep:�yment charge under the Nute,
<br />�s.��o"�•- •� 14.Notices. Any notire to Borrower provided fnr in this Security Instrumcnt shall be given by delivering it or by mailing
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<br /> �_�,,,�-.F„� it by first clnss muil unless npplicable law requires use of another method. The�iotice shall be directed to the Properry Address
<br /> -'.-'-�•�-�' or any other address Borrower dcsignatcs by notice to Lender. Any noticc to Lender shall be given by first cluss muil to
<br />- �'°��`�'" L.cndcr's address statcd hcrein or any othcr address Lender designatcs by notice to Borrower. Any notice provided for ii� this
<br /> 'y�.s�� Sccurity Instrument shaU bc dcemcd to havc bcen givcn to Borrower or Lendcr when given as providcd in rhis paragraph.
<br /> ' . : 15.Gaverning Law; Severubllity. This Security Instrument shall be governeci by fccieral law and thc law of the
<br /> " �! jurisdiction in which the Property is located.In the event that any provision or clause of this Securiry Instrument or the Note _
<br /> '�' canfl ic�s with applicable Ix�v, such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> � siven effect without the confiictin�provision.To this end the provisions of this Security Instrument and the Note are declared _
<br /> [o be scvcrablc. =
<br /> � 16,13orrower'ti Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. -
<br /> `� Farm 3028 9/90
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