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<br /> 98- iix7ss
<br /> payments may no longer be required, at the option of I.ender, if mongage insurance cmerage(in the amount ane! for the pericxl
<br /> that L,ender requires)provided by an insurer appraved by Lender again becomec available and is ohtaincd. 6orrowcr sh111 pay
<br /> thc prcmiums requircd ro maintain mongagc insurance in eft'ect,or ta provide a loss rescrvc, uniil thc requiremcm for martgagc
<br /> insurance ends in accordance with any written agrcement Ixtween I3orrower and l.ender or applicable law.
<br /> 9, Inspection. l.endcr or its agent may makc reasanable cntries upcm and inspcctions af thc Pro{xny. Lcndcr shall givc
<br /> Borrowcr notice at the time of or prior to;ui inspecAon specifying rcasonable causc for thc inspection.
<br /> 10. Condcmnwtion. The proceeds af any award or claim far dnmages, direct ar conscquenlial, in connectinn wi►h anY
<br /> condemnation or other taking of any part of the Property, or for comeyance in licu of condemnation, aro herehy assigned and c
<br /> shall be paid to!.ender.
<br /> In the event of a total taking of the Proper[y,the proceeds shall tx:applied to ihe sums secvred by this Sccurity Instrument,
<br /> whether or not thcn due, with any excess paid to Borrower. ln the evcnt of a partial taking of the Pro�Crty in which thc fair
<br /> market value of thc Propeny immedi�tcly bcfore the taking is equal to or grcatcr than thc amount of thc sums sccured Uy ihis
<br /> Security lnstrument immediately before the taking,unless Borrower:+nd Lender othcrwise agree in writing,the sums securcd by
<br />- this Securiry Instrument shaU be reduced by the amount of the prceeeds multiplied by the followinb Fraction: (a) the tutal
<br /> amount of the sums secured immediately before the taking, divided by (b) the fair �narket valu� of the Property immcdiatcl��
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market value of the Property immediately before thc taking is Icss than the amount of the sums secured im�nediately bcfare the
<br /> taking, unless Borrower and l.ender otherwise agree in writing ar unless applicnble law otherwise provides. the proceeds shall
<br /> be applicd to thc sums secured by this Security Instntment whcther or not thc sums arc thcn duc.
<br /> If the Prr.perty is abandoned by Borrower, or if. after notice by L.ender to Borrower that the condemnor nffers co mal:e an
<br /> award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the noticc is givcn,
<br /> - I.e��de:is authorized to collect and apply the prcceeds, at its option,cithcr to restaration or rcpair of the Prapeny or ta thc sums
<br />= secured by this Securiry Instrument,whethar or not then due.
<br />�- Unless L.endcr and Borro��uer otherwise ngrce in writing, any application of procecds to principal shnll nnt extend ar
<br /> postponc the duc datc of the munthly payments referced to in paragraphs 1 and 2 ar changc thc amouut o(such payments.
<br />° �1. Aorrower Nut Rele�ed; Forbcwrwnce fly l.cnder Not w Wwiver. F.xtcnsion o5 the iimc for paynxnt or mcxlffic�tian
<br /> - of amortiration uf Ihe cums�ecurcd by Ihis Securiiy Instrument gra��tcd by lAndcr to uny succc�sor in inuresl of[iorrowcr Fhall
<br /> - not operate to release the Ilabiliry of ihe ariglnal Fl�rrower o�•f3��rrower's successors in interest, L,enci�r shAll n�+t he requirc�l u�
<br /> commence proccrdings agalnst a�iy successar in imcrest or refusc to cxtcnd time for p�ymcnt or utherwise ttx�lify nmorUr.adon
<br /> of thc xums sccurcd by this Sccurity Inscrumcm hy rcason of �ny dcmand madc by thc orighial Horrnwcr or t3orr�wrr'�
<br /> succes�sc�rs in in�erest. Any forbearance by L,ender in exercising any right or remcQy shall not ix a waivcr af or prc�lude Ihc
<br /> �nCiCiSC O:�il�ffe�li Oi Twsprrlv
<br /> 12. Successors Wnd A�Igns Bound; Joint Gnd Severol I.I�I�Illty; Co-slgner9. The covenants anci agrc�cmauia ui t��is
<br /> Sccurity Instrument shall bind and benefit the succESSOrs and assigns of l.ender and Horrowcr, subjat ta the pruvisians of
<br /> paragraph 17. Borrower's covenants and agrcements shall be Joint and sevcral, Any Borrower who co•signs this Security
<br /> Instn�ment but does not cxecute thc Note: (a) is co-signing this Security Instru►ncnt only to mongagc,grant :uid com�cy that
<br /> Borrower's interest in thc Property under thc tcrms of this Security Instrurnen[; (b) is no�personally obligated to pay thc sums
<br /> - secured by this Security lnstrumenr and(c)agrees that I.ender and any other Borrower may agrce to ex�end,moclify,forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without tliat Borrower's consent.
<br /> 13.Los�n Charges. If the loan secured by this Security Instrument is subject to a law which sets m�ximum loan charges,
<br /> and that law is fivally interpreted so that the interest or other loan charges collected or to be collected in cannection with the
<br /> loan exceed the pormitted limits, then: (a)any such loan charge shall be reduced by the amount nccessary to reduce the charge
<br /> to the permitted limit; and(b)any sums already collected from Borrower which excccded permincd limits will bc refunded to
<br /> Borrower, Lender may choose to make this refund by reducing thc principal owed under the Note or by making a direct
<br /> payment to Borrower. !f a refund reduces principal, the reduction will bc treated as a panial prepuymcnt without any
<br /> prepaymcnt charge under the Note.
<br /> 14.Notices. Any notice to Borrower providcd for in this Security Instrumcnt sl�all bc given by delivering it or by malling
<br /> ic by first class mail unless applicable Inw reyuires usc of another mcthod. Thc noticc sh�►11 bc dirccted to thc Property Address
<br /> � or any other adclress Borrower designates by notice to Lender. Any notice to Lender shall be given by �rst class mail to
<br /> � I.ender's address stated hercin or any ocher address Lcndcr dcsignatcs by notice to Borrowcr. Any noticc providcd for in this
<br /> - Security Instrumcnt shall bc deemed to havc becn given to Borrowcr or Lender whcn given as provided in this par��graph,
<br /> - 15.Governing Law; Severabllity. Tl�is Sccurity Instrumcnc shall Uc govcrncd by fcdcral law and thc 11w of thc
<br /> jurisdiction in which the Properry is located. In the cvent that any provision or clausc of this Sccurity I�istrumcnt or the Notc
<br /> �; conflicts with applicable law, such conflict shall not affect other provisimis of this Security histrument or the Note which can be
<br /> :; given effect without the conflicting provision. To this end thc provisions of this 5ecuriry instru►ncnt and the Notc arc dcdared
<br />__� to bc scvcrable.
<br />_� 16.Borrower's Copy. Borrowcr sl►all be givcn onc conformcd copy of thc Notc:uid of this 5ccuriry Instrumcnt.
<br /> Form 3028 9/90
<br /> �•BRINE)�s�i��.oz Pn�e 4 0�e �nrtroU:
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