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<br /> puyments mny no longcr bc rcquucd,at thc opdon of Lendcr,if martgagc insurance covcragc(in thc amount and for thc period I '
<br /> that l.cndcr rcquires)pravidcd by,an insurcr approvcd by I.endcr ngPin hecomes avnilablc end is abtninect.Bo:rowcr shull pay thc
<br /> • premiums rcquucd w maintain mortgagc insurance in cffcct, ar to providc a loss rescrvc. unW thc requirement for mortgage 4 ,
<br /> � insurance snds in accordancc with any written agreement i�tween Borcower und L.ender or applicable law.
<br /> � 9.Inspection. l.cndcr or its agcnt may makc rcasanablc entrics upon and inspections of thc Property, Lr,ndcr sh�ll givc �
<br /> � Boaowcr natice at thc timc of or prior to an inspcction spccifying rcasonablc causc for thc inspccdon. i
<br /> 10.Condemnation. 'Ilie procecds of any award or claim for damages, d'ucct or consequential, in connection with any
<br /> � condemnaqon or other taking of any pan of Ihe Property,ar for conveyencc:in lieu of condemnadon,ere hereby assigned and � � `'::'�:
<br /> � shall bc paid to Lendcr: ` ` �• '�""�"'.:;�
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<br /> In the event of a tatal taking of the Properry. the proceeds shall be applied to ihe sums secured by ihis Security Ynsuument, �����""�'��*�-�
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<br /> whether or not then due,with any excess paid w Bonower.In the event of a partial taking of the Propeny in which the fair market �i ' ^����
<br /> � valuc of the Property immediately bcforc the taking is eclual to or greatcr than thc amount of thc sums sccured by this Sccurity � _
<br /> Instrumcnt immcdiately before the taking, unless Bonowcr and Lcndcr othcrwisc a�rcc in writing, the sums sccurcd by this Q I "'!��".
<br /> � Sec:urity Insmunent shall be rcduccd by thc amount of ihc procecds muldplicd by ihc following fracdon:(a)the total amount of � I •
<br /> the sums secured 'unmediately bcforc the teking. divided by (b}q�e fair market valuc of thc Property immcdiatcly before the �
<br /> taking.Any balance shall be paid w Borrowea.In the event of a partial taking of thc Property in which the fair market valuc of die .
<br /> Property immediatcly beforc thc taking is Icss than the amount of thc sums sccured immediately beforc thc taking, unlcss _—
<br /> Borrowcr and Lendcr othenvisc agrec in wripng or un(css applicablc law oth�rwisc providcs,the procceds shall be applietl to thc
<br /> sums secured by ihis Security lnsuument whether or not the sums are then due. •
<br /> If the Propcny is abandoned by Bonower,or if,after nouce by L.ender w Borrowcr that thc condemnor offers to makc an
<br /> award or scale a claim for damages.Borrowcr fails to respond to Lcnder within 30 days after the datc the nouce is givcn,Lcndcr -
<br /> ��• is authorizeci to collect and apply the proceeds,at its option,either to restoradon or repair of the Property or to the sums secured , �
<br /> , by this Security Instrument,whether or not then due. ,.
<br /> � Unless L,ender and Bonower othcrwisc agrce in wrlting,eny applicadon of proceeds to principal shall not extcnd or postponc :;'
<br /> the due datc of thc monthly payments referred to in paragraphs 1 and 2 or changc the amount of such paymenu.
<br /> Ii.Borrower i:ui neir�s�;;F.��be�ra�te 3�Leadcr I:ot«:':'ai.sr. Exi�nsion of stie dme foz psysr.eni er modificat'son __ °y: _.:
<br /> of amortization of the sums secured by this Saurity Instrument grantc�d by Lendet to any successor in interest of Borrower shall ��. '��`
<br /> � not operate to release ihc liability of the original Borrowcr or Borrowcr's successors in intcrest Lendcr shall not bc required to ,` '
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<br /> commence procccdings against any succcssor in interest ur rcfuse to cxtend timc for paymcnt or othcrvvise mndify amorti7ation of �x' ;•
<br /> ihe sums secured by this Security Jnstrument by reason of any demand made by the originttl Borrow�er or Boaower's successors ���,
<br /> in interes�Any forbearanee by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any •{.:
<br /> right or remedy. . ., t�
<br /> 12.Successors und Assigns Bound;Joint and Severel Lia6il(ty; Co•signers.Thc cavcnants and agreements of this '1 '
<br /> Security Instrument shall bind end benefit the successors and assigns of L.ender and Borrower, subject to the provisions of `"' _
<br /> � paragraph 17. Borrower's covenents and agreemcnts shaU be joint and several. Any Borrowcr who co•signs this Security ��°�
<br /> � Insirument but daes not execute the Note: (a)is co-signing this Security Instrument only to mortgage, grant und convey that .��c:
<br /> � Bonow�r's intcrest in the Property under thc terms of this Securiry Instrument; @) is not personaUy obligated to pay the sums ����x-
<br /> Isecured by this Securiry Instrument;and(c)agrees that Lender and any ather Borrower may agree to extend,modify,forbear or ":;�_
<br /> � makc any accommodutions with rcgard to thc tcrms of this Sccurity Instrument or thc Notc wfthout that Borrowcr's consent. "t`�1;
<br /> 13.Loan Charges. If ihe loan secured by this Security Inswment is subject to a law which sets maximum loan charges,
<br /> i and that law is finally interpreted so that the inteeest or other loan charges collected or to be collected in connection with the loan ���';�•'-
<br /> exceed the permitted limits,then:(a)any such loan charge shall bc reduced by the arnount necessary to reduce the charge to the
<br /> ipermitted limit;and @)any sums alrcady collceted from Bonower which exceeded permitted limits will be refunded to Borrower. : �-.�:, ---�-,,,,,�,�-'�'°"�, -'��
<br /> Lender may choose to make this refund by reducing the principal owed under U►e Note or by making a direct paymcnt to -'`�"'�1°°'�-
<br /> � Bonower. If a rcfund reduccs principal,thc rcducEon will bc treatcd as a partial prepayment without any pzepayment charge -
<br /> ' under the Note. ... �, x'+`'•
<br /> ' 14.Notices. Any notice to Borrower provided f'or in this Security Inswment shall be�iven by delivering it or by mailing it ' ' ' ~ �N+
<br /> � by Grst class mail unless applicable law requires use of another method.The notice shall bc d'uccud to the Property Address or � • .
<br /> ; any othcr address Bonower designatcs by noGce to L.endcr.Any noticc to L.ender shaU bc givcn by first class mail w I..cnder's
<br /> ; address stnted herein or any other address L.ender designates by notice to Borrower. Any nodce provided for in this Security I � .
<br /> Instr�ment shall bc decmed to have been given to Borrower or L.endcr when givcn as providcd in this paragraph. ..�
<br /> i 15.Governing Law;Severability. This Sccurity Instrumcnt shall bc govemed by fedcral law and thc law of thc '
<br /> jurisdiction in which ihe Propeny is located.In the event that any provision or clause of this Security Instrument or the Note
<br /> I conflicts with applicab(c law,such conflict shall not affcct othcr provisions of this Sccurity Instrumcnt or thc Notc which can bc
<br /> , given ei'fect without the conflicting provision.To this end the provisions of this Security Inswmen�and the Note are declared to
<br /> � bc sevcrable.
<br /> � Form 3028 9/90
<br /> �-6V(NE)�szt2).ot Pago�ois inmaie:
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