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<br /> payments may na lonser be required,at the option of L.ender, if mortgage insurance coverage (in the amount and for the period .,:�
<br /> � that I..endcr requires)providcd by an insurcr appraved by Lender again becomes available and is obtaincd. Borrower shall pay ,
<br /> � the prcmiums requlred to maintain mongage insurancc in cffec[,or ta provide a loss reservc,until thc rcquircment for morcg�+ge
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<br /> „�,,.,w+•� Insurance ends in accardance with any writcen agrecment between Borrower and I.ender or applicable law. � , :_�
<br /> 9. Inspcctlon. Lender or its agent may make reasonable entries upon and inspections of the Property. l.ender shall give� -�,�c;=_Y__-�
<br /> i Borrower notice at the time of or priorto an inspecuon specifying reasonable cluse for the inspection. y ;:'.�,_��:A�'
<br /> � 10. Condemnution. The proceeds af any award or claim for damages, direct or consequen[iel, in wnnec�ion with any ` -.�,�,~;.;
<br /> 2.^ .:;_:.
<br /> � condemnatian or other taking of any part of[he Property, or for conveyance in lieu of condemnation, are t�creby assigned an� ; _,
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<br /> � shall be paid to Lender. •"'.,'"':��
<br /> in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Secudty Instrument� ;
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<br /> � whc�her or not then due, with any excess paid to Bonower. In the event of a partial taking of the Propeny in which the fai� _�sY,._
<br /> market value of the Property immediaiely before the taking is equal to or grcater than the amount of the sums secured by thi. ;.��•_:
<br /> , Security lnstrument iminediately beforc the taking,unless Bonower and Lender otherwise agree in writing,the sums secured b .__.---
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the tot _
<br /> amount of the siims secured immediately beforc thc taking, divided by (b) the fair market value of the Propeny immediately
<br /> •^• before thc taking. Any balance shall be paid to Borrower. In the cvent of a partial taking of[he Property in which the fair
<br /> - market value af the Property immediately beforc the taking is less than the amount of the sums secured immecliately before the
<br /> II taking, unless Bonower and I,ender othenvise agrcc in writing or unless applicable law otherwise provides,the proceeds shall
<br /> .:� be applied to the sums secured by this Security Ins�rument whether or not the sums are then dLe.
<br /> � If the Property is abandaned by Borrower,or if, after notice by Lender to Bonower�hat the condemnor offers to make an
<br /> •� award or settle a claim for damages,Borrower fails to respond to I.ender within 30 days after the date the notice is given,
<br /> Lender is authorized to collect and apply [he proceeds, at its option,either to restoration or repair of the Property or to the sums
<br /> . • secured by this Security Instrument, whether or not then duc. � -
<br /> � Unless Lender and Bonower o�henvise agree in writing, any application of proceeds to principal shall nat extend ar
<br /> •• postpone the due date uf the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. ____
<br /> ' 11. Borrower Not Relensed; Forbearance By Lender Not a Wuiver. Extension of ihe time for paymenc or modification
<br /> . of amortization of the sums secured by this Security Instrument granted by Lender to any successor in intc.cst of Borrowcr shall
<br /> • not operate to release the liability of ihe original Borrower or Bonower's successors in interest.i.ender shall not be required to -_
<br /> • �' commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization _ —
<br /> TM of the sums secured by this Securi�y Ii�strument by reason of any demand made by the original Borrower or Bonower's
<br /> successors in interest. My forbearance by Lender in exercising any right or remedy shall not be a waiver of or pteclude the �
<br /> exercise of any right or remedy. =— —
<br /> . 12. Successors nnd Assigns Hound; Joint and Sevcral LisbiUty; Co-signers. The covenants and agreements of this =
<br /> Security Instrumene shall bind and benefit the successors and assigns of L.ender and Borrower, subject to the provisions of �
<br /> „ paragraph 17. Bonowcr's covenants and aarcements shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrument but does not execute thc Notc: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> Borrower's interest in the Property undcr tl�c terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> „ secured by this Security Instrument;and (c) agrees that Lender and any other Bonower may agree to extend,modify,forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or the IVote without that Borrower's consent. _
<br /> 13. Loan Charges. If thc loan secured by this Security Instrumrnc is subject to a law which sets inaximum loan charges, _
<br /> and that law is finally intetpreted so that the interest or other loan charges coUected or to be collecte.d in connection with the �----
<br /> � " � loan exeeed the permitted limits, then: (a)any sucl�loan ch�rge shall be reduced by the amaunt necessary ro reduce the chazge �'.�_;� _
<br /> , to the permitted limit;and(b) any sums already coUected from Bonower which exceeded permilted limits will be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under tl�e Note or by making a direct �� . -
<br /> `� payment to Borrower. If a refund reduces principal, the reduction will be treated as a panial prepayment without any
<br /> prepayment chargc under the Note. _— _ _
<br /> 14. Notfces.Any notice to Borrowcr provided for in this Security[nstrument shaU be given by delivering it or by mailing _____ _—
<br /> it by first class mail unless applicablc law requires usc of anothcr method. Thc noticc shall be dirccted to the Propeny Address __ _ ___-_
<br /> j or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first class mail to .:_�_�fh����_
<br /> ' Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this - °�;��_,_
<br /> Securiry Instrument shall bc deemed to have bccn givcn to Bonowcr or L.endcr when givcn as provided in this paragraph. ,�,�=
<br /> I l5. Coverning Ln�r, 5ever�hilfty. 'fhis Security Instrument shall bc overned b fedcral law and the law of the ����-
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<br /> ! jurisdiction in which the Property is located. In the event that any provision or clause of this Securiry Instrument or the Note ���:::�
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<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be • .,...�
<br /> ; given effect without the conflicting provision. To this end the provisions of this Security[nstrument and the Note are declared .
<br /> to bc severablc.
<br /> i lU. Borrower's Copy.Borrowcr shall bc given onc conformcd copy of thc Note and of this Security Instrument.
<br /> Form 3028�91'90` �
<br /> � �•6V(NE)t�z+z�o� Pn�o 4 ul 6 ��,���a��:�i/f �---
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