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<br /> payments may no longer be required, at ihe aptiou of Lender, if mottgagc insurance coverage(in the amount anci for the period
<br /> � �� that I.enrler requires)provided by u► in�urer approvecl by L.ender again becomcs available and is abtaincd. Barrowcr shall pay —
<br /> • ;e ttie premiums required to maintai:�mortg�ge insurancc in effect,or to provide a loss rescrvr., until the requirement for mortgagc �
<br /> : insurance ends in accordance with�ny wrftten egreement betwcen Barrower and I.ender ar applicable law. `
<br /> � �;,. 9. In9peMion. Lcndcr or its agcnt may makc rcasonable entrics upnn and inspcctions of thc Proper[y, Lender shall givc -•
<br /> ,, Acrrower notice at the time of or priur to an inspection specifyi�g reasonable causa for�he inspection. _
<br />_ 10. CondemnAtion. The praeecls of any award or claim for damag�s, direct or consequential, in connection with any _�
<br /> , . condemnadon or other taking of any pan of the Peopeny, or for conveyance in Ueu of condemnatiun, are hereby assigned and
<br /> , shall be pald to Lendcr. ��•
<br /> In thc cvent af a tctal taktng af thc Property, the pracecds ahall bc applied to tha surns secured by this Security lnstrument, �
<br /> "" whether or not then due, with arsy exceu paid to Borrower. In the event of a parcial taking of thc Property in whlch the falr _
<br /> .� markot value of thc Property imc�cdlately bcfore the taking is equal to or greater than che amounc of the sums secured�y thiti
<br />;•'� Secu�iry Instrument immediately 6efore the taking,unless Borrower and Lender otherwise agree In writing, the sums sceared by
<br /> this Security Instrument shali bo ralucat by the amount of the proceecls multiplied by the follawing fraction: (a) the total
<br /> Vj. amount �f the sums secured lmmediately before the taking, divided by (b) the fair market value of thc Property imrtxdiately
<br /> � -.,�,.
<br /> before the taking. Any balance sh�ll be paid to Borrower. In the event of a partial taking of the Property in which the fair �
<br /> • , ,, market valuc of the Property immedlately bcfore the taking is less than the aznount of thc sums sccurcd immediately before the
<br />�.'f taking, unless Borrower and Lender utherwise agree in writing or unless applicable law otherwise provides, the proceeds shall
<br /> • � be appliai to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> y t , ? .'� If the Property is abandon�d by Btarcower, or if, aftsr notice by Lender to Rorrowcr that the condemnor offers to make an
<br /> , -,, ;, award or uttle a claim for damagss, Borrower fails to respond to Lender withln 30 days after the date the notice is given,
<br /> Lender is authorized to collect and apply the proceeds, at its option,either to restoration or repair of the Propeny or to the sums _
<br />'_t , � secured by this Security Instrument,whether or not then due.
<br />-- :���;�; Unless Lender and Bonowerotlucwise agree in wridng, any application of procads to principal shaU not extend or
<br /> , postpone the due date af the monttdy payments referred to in paragraphs 1 and 2 or chengc the amount of such payments.
<br /> ��• ��a:' 11. Borrower Not ReleASed{ForbatrAnce By Lender Not a Waiver.Extension of the time for payment ar modificatton
<br /> � ..;�:: .
<br /> ' of amortization oF the sums sceured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br />=;��1-i+C:�:�`r not opers►te to release the llabllity of the original Banower or IIorrower's successors in interest. Lender shall not be roquired to
<br /> �'�:;:`,,;". commence praceedings against arayauccessor in interest or refuse to extend time for payment or otherwice meclify amortization
<br /> -� ' ° of the sums saured by tl�is Secudty Instrument by reason of any dcmand made by che original Bonower or Bonower's
<br /> '�` '`:?• �� successors In interest. Any forbearance by C.ender in exerc3sing any right or remedy shall not be a waiver af or preclude the
<br />�`'x%s:q Q:�'� eaerciu of any right or cemody.
<br /> ='"•'���Y'�!:'�°_ � 12. Successors And AssignaHound; Joint And Seve�ral Liabiltty; CasiRners. The covenants and agreements of this
<br />,__=�t�'"""�"N• Securiry Instrument shall bind and benefit thc successors and assigns of Lender and Bonower, subject to the provisions of
<br /> - �:. _'��,
<br />---�k�"-'�.' pazagraph 17. Bonower's coven�nts and agreements shell be joint and several. Any Borrower 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 />='"'-��t!�,�� Borrower's interest in the Property under the terms of this Security Instrumenr (b) is nnt personally obligated to pay the sums
<br />_:=�,;�'�'���' secured by this Securiry Instrum�nr,and(c)agrus that Lender and any other Bonower may agree to extend,modify, forbear or
<br /> ,,.�; .
<br />„�-0�.�.�F�,,�. m�lce an,y accommodations with regard ro the tenms of this Securiry Instrument or the Note without that Borrower's consent.
<br />_ �10MA�� 13. Loaa Clwrge�. If the loan secured by this Security Instrument is subject to a law which sets madmum loan charges,
<br />=�`'.=x�'a`�� and that law is finally interpreted w d�at the interest or other loan charges coltected or to be collxted in connection with the
<br /> -�'��"':`i�,�.�
<br />_�,.F�,��.�.::,� loan txcead the permitted limlts, then: (a) any such loan charge shalt be reduced by the amount necessary to roduce the chazge
<br /> __"=.�'"'� to the permitted limit;and(b)any sums already collxted from Rorrower which excteded pe.rn�itted limits wiU be refundal to
<br /> �—=��' Borrower. Lender may choo�e ta make this refund by reducirig �he principa! owed under the Note or by making a direct
<br /> — pzy�ment to Bonower. If a refund reduces principal, the raluction will be trcated as a partial prepayment without any
<br /> �`,``'�a� prepaymcnt chazge under the Note,
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<br /> _— 14. Noticea.Any notice to Borrower provided for in this Securicy Instn►ment shall be given by delivzring it or by mailing
<br /> �`���' � it by first class mail unleas applicable l�w requires use of another methcxl. The notice shall be dircetod to the Property Address
<br /> `'�'..�'���i�� or an other address Bonower deai nates b notice to L.onder. An notice to Lender shall be �ven b �rst class mail to
<br /> N--:��; Y 8 Y Y 8� Y
<br /> _.�,.�,ey Lender's address stated herein or any other addrecs L,ender designates by notice to Borrower. Any notice provided for in this
<br /> '°'"'ff.'k'` Security Instrument shall be damed to have txen g�ven to Borrower or Lendcr when givcn as provided in this paragraph.
<br /> V�``�� 15. Governing Iaw; Severability. This Securiry Instrument shall be governed by federal law and thc law of the
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<br /> ,��•�=��� jurisdiction in which the Property is locatod, In tha event that any proyision or clause of this Security Instrument or the Note
<br /> �.y�/•.r•.. ,,
<br /> -�;�,n..�=.- • wnflicts with applicablc law.such conflict shall not affect otl►er provisions of this Securiry Instrumrnt or the Note which can be
<br /> -����•�,� given effcet without the conflictingprovision. To this end the provisions of this Sec�►rity Instcument and the Note are declared
<br /> `"..�,: '' . ' to he uverable.
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<br /> _ 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of thia Security Instrument,
<br /> ' Fam 3028 9/90 �-
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