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<br />- =�� payments mxy no longer be required, at the optfon of l.ender, if mortga�e insurancc covcragc(in the amaunt and for thc period
<br />="'�S� thst I..ender requires)provided by an insurar approved by Leuder again becomes avaflable and is ob[alned.Borrowcr shall pay
<br />_.-.���•..'��`�
<br />`-=1'='• - the premlums requirexl ta maintain mortgege insur�ncc in effect,or to provide a loss roservc, untU the rcquiremcnt ar mortgage
<br />-�`�J inaurance ands in accordana with any written agrament between Borrower and Lender or applicabie law.
<br /> 9.Irapection.Lender or its agent may make reuonablc entries upon and inspections of the Praperty. I,cndcr shali givc
<br /> -�'.""�'� Borrower naiice at[he time of or prior to an inspation specifying reasonable cause for the inspection.
<br />"---"�__� 10.Condemruitlan. The procetds of xny award or claim for damages, direct ar cansequential, in connection with any
<br /> " �;�;��.� condemnation or other taking of any part oF the Propeny, or for conveyana in lieu of condemnation, are herehy assigned and
<br /> u��-�• "• shall be p�id to[.ender. -
<br /> in the cvent of a total taking of the Property,ihe pruceeds shall be applfed to the sums secpred by this Security Instrument,
<br /> ��o;,�� whethor or not then duc, with any excess paid to Borrower. In the event of a partial taking of thc Property in which thc fair
<br /> y��� markct value of the Property ImmMiately before�he taking is equal to or greater then the amount of the sums securcd by this
<br />_�;�� w, Securiry Instrument immediately before the taking,uriless Borrower and L.cnder otharvvise agree in writing,che sums securcd by
<br />--''�.��~-, this Security Instrument shall be reduced by theamount of the proceeds muitiplied by the following fraction: (a) the total
<br />'"' '�" amount of the sums secured immediately before�he taking, divided Uy(b)the fair markct valuc of the Property immediatety
<br /> -=r:u��y before the taking. Any bAlance shall be paid to Borrower. In the event of a panial taktng of the Proper[y in which the fair
<br /> -:L;�;�s j market value of the Property immediately before the taking is less than the amount of the sums accured immediately before[hc
<br />'ti{�,��,��� taking, unless Borrower and L.endcr otherwise agrx in writing or unless applicabla law otherwise provides, thc proceeds shall
<br /> -= =_.= be applied[o the sums secured by this Security Instniment whether or not the sums arc then du�.
<br /> _^��� If the Property Is abandoned by Borrower, or if,afcer notice by Ltnder to Bonower that tht condemnor offers to make an
<br />-_-�=-�u-� award or setde a claim for damages, Aorrower fails to respond to T.ender within 30 days after the date the notice is given,
<br /> "''��� Ixnder is authorized ro collcet and apply thc proceeds,at its option,either to resroration or rcpair of the Propeny or to the sums
<br /> ..ys•;.
<br /> `-" =��� secured by this Security lnstrument,whethcr or na then due.
<br /> _^��r'�;` � Unless Lendcr and Borrower otherwisc agrec in writing, any application of proceeds to principal shall not excend or
<br /> -- postpone the due date of tha monthly payments reterred to in paragraphs 1 and 2 or change thc amount of such payments.
<br />�rY� 11.Borrower Not Itelenctd;�orbexrance Hy I.ender Not a Walver.Eatension of the time for payi►unt or modificatlon
<br /> of amortization of the sums sceured by this Security Instrument granted by Lendcr to any successor in interest of Borrower shall
<br /> --- — not operate to retease the liability of the original Bonower or Aorrower's successors in interest. I.endcr shall not bc required to
<br /> — commence proceedings against any successor in Interest or refuse to extend time for payment or otherwise modify amonization
<br /> _�.,_,.,,� of the sums secured by this Security lnstrument by reasan of any demand made by the original Bottower or Borrower's
<br />—"---� successors in interest, Any forbeazance by l.ender in exercising any right or remedy shall noc be a waiver of or preclude the
<br /> ----��� e�ercise of any right or remedy.
<br /> 12. Successors and Assig�s Bound; Joint and 5everAl LiAbiiity; �o-signers. The covnnanis u,u Ab'IGCI11G111L�f tt��s
<br /> �_—'�� Sccurity Instrument shall bind and banefit the successors and assigns of I.ender and Borrower, subject to the pravisions of
<br /> -- _-- _ paragraph 17. Borrower's covenants and agreements shaU be joint and several. Any Bonower who co-signs this Security
<br /> —�= Instrument but does not execute the Note: (a) is co-signing this Security Instrumen[ only to n�artgage, grant and convey that
<br /> ,,;���� Borrower's interesc in the Propeny under the terms of this Security instrumenc;(b)is not personally obligatul to pay the sums
<br /> ___= secured by this Security Instrument; and(c)agrus that L.ender and any other Borrower may agree to extend, modify, forbear or
<br /> _ make any accommad�tions with regard to the terma of this Security Instrument or the Note without that Borrower's conunt.
<br /> 13.I.oan Charges. If the loan secured by�his Security Instrument is subject to a law which sets maximum loan charges,
<br /> ��� and that law is finally intecpreted so that the interest or other loaz►charges collected or to be callected in connection with the
<br /> --- loan exceed the permitted limits, then: (a) any sueh loan charge shall b� reduced by the amount necessary to reduce the charge
<br /> to the permittal limit; and (b)any sums alread��collected from Borrower which exceeded permitted limits will be refunded to
<br /> Bonower. Lender may choose to make this retund by reducing the principal owW under the Nota or by making a direct
<br /> payment to Borrower. If a refund reduces principal, thc reduction will be treated as a panial prepayment without any
<br /> _ prepayment charge under the Note.
<br /> �°'—__0 14.Notices. Any notice to Borrower providal for in this Securiry Ins�rument shall be givcn by dclivering it or by mailing
<br /> _�--�.�"'� it by first class mail unless applicable law requira use of anothcr method.Thc natice shaU be directed to the Property Address
<br />-==N-� or any �ther address Borrower designates by notice to I.ender. Any notice to Lender shall be given by first class mail to
<br /> ' ' `� Lender's address steted herein or any other addrcss Lcnder designaces by notice to I3orrowcr. Any notice providcd for in this
<br /> -�� Security Instrument shall be deemed to have been given to Borrower or L.ender when given as provide4i in this paragraph.
<br /> - �"'""" 15.Governing Law; 5evernbility. 'fhis Security Instrument shall bc governed by fcderal law� and the law of the
<br />_ __.-:� jurisdiction in which�hc Property is lceated. in the event that any provasion or clause of this Securiry Instrument or the Note
<br /> "'�'•� conflicts with applicable law,such conflict shall not affect other pravisions of this Securiry Instrument or the Note which can bc
<br /> _:=�;�`'�:�� given effect without the conflicting provision. To this end the provisions of this Securiry Instrument and the Note are declued
<br /> "- '���''="r to be severable.
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<br /> _ ,.�:�;,: 16.Borrower's Copy.Borrower shall oe given one conformed copy of the Note and of this Security Instntment.
<br /> ,,. . Fam 3028 9/90
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