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<br /> payments may no longer be required,at the option of Lender, if mortgage insura��ce coveragc(in ths amount and for thc period
<br /> that Lender requires)provided by an insurer approved by J..endcr agafn becomes avail�blc and is obtaincd. Horrow�r shall pay _
<br /> thc prcmiums requircd to n�aintain mongagc insurance in effect,or to provide a lass rescrve,until the rcquircmcnt for mortgagc
<br /> insurance ends in accordancc with any written agreement between Borrawer and L.cndcr or applicnble Inw.
<br /> 9. InspeMion. L.ender or i[s agen�may make reasonable entries u�n and inspectians af thc Aro�xrry. l.cndcr sh�ll give —
<br /> Borrower notice at the time of or prior to an inspec[ion specifying reasonable cause for the inspec�lon.
<br /> 1Q.Condemnatlon. The proceeds of any award ur claim for damages, dircct or cansequenti:d, in co�m�ction with any
<br /> wndemnation or other taking of any pan of the Properry, or for conveyance in lieu of condemnation, are hereby assigned and -
<br /> shaU be paid to Lender. �
<br /> In thc even[of a total caking of the Property, the proceeds shall be applied ro thc sums securcd by this Sccuriry Instrumcnt,
<br /> whether or not then due, with any excess paid to Borrower. In tho evcnt of a purtial talcing oY the Property in which tbc fair
<br /> market value of the Property immediately before the taking is equal to or greater than thc amaunt of the sums sccurcd by this
<br /> Security Instrument immediately before the taking,unless Borrower and Lender otherwisc agree in writing, tl�c sums secured by
<br /> this Security lnstniment shall be reduud by the amount of the proceeds multiplicd by the following fraction: (n) thc total
<br /> amount of the swus secured immediatcly bcforc thc taking, divided by (b) the fair market valuc of thc Property i�mnediately
<br /> before the taking. Any balancc shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> niarket valuc of the Propcny immediatcly before the taking is less[han the amount of the sums secured immcdiatcly before thc
<br /> taking, unless Borrower and Lender o[herwise agree in writing or unless applicable law otherwise providcs, the proceeds shall
<br /> bc applied to the sums secured by this Sccurity Instrument whether or not the sums arc thcn duc.
<br /> If the Praperty is abandoned by Borrower,or if, after notice by l.ender to Borrower that the condernnor offers to make an
<br /> award or setcle a c1alm for damages, Borrower fails to respond [o L,ender within 30 days after the datc thc noticc is given,
<br /> Lendcr is au[horized to callcct and apply the procceds,at its op�ion,either to reslorastia�or repnir of the Propcny or to thc surns
<br /> secured by this Security Inscrument,whether ur not then due,
<br /> Unlcss L.ender and Horrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> postoone the due date of the monthly payments referred t.o in paragraphs 1 and 2 or change thc amount of such payments.
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time far payment or modification
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any successor in intorest of Borrower shall
<br /> not operate to release the liability of tl�e original Borrower or Borrower's successors in interest. I.ender shall not be requiral to
<br /> commence proceedings against any successor in interes[or refuse to extend[ime for payment or othenvise mociify amortization
<br /> of the sums secured by this Security Instntment by reasou of any demand made by the original Borrower ar Norrower's
<br /> successors in interest. Any forbearance by Lender in cxercising any right or remedy shall not bc a waiver of ar preclude the
<br /> exercise nf any right or remedy.
<br /> ��.. �ucc�rs ttnd p►ssigns fiound; ,iuini auu .`�78YCli� a��pu3�3i�� �a-�t�iw^io. T:�C CD:'L'::.^.12!S ?Sf� 9oCp�121!'P.lS �?f rhj�
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subJect to thc provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be ,joint and several. Any Borrower who ca-signs thls Security
<br /> Instrument but does not execu[e the Note: (a) Is co-signing this Sccurity Instrument only to mortgage, gru►t and convcy thAt
<br /> Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligatetl to pay the surns
<br /> secured by this Security Instrumenr and(c)agrees that Lender and any other Borrower may agree ta extend, modify,forbear or
<br /> make any accommodations with regard io the terms of this Security Instrument or the Note without that Bor►•ower's consent.
<br /> 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> loan exceed the permitted limits, then:(a)any such loan charge shall be reduced by the arnount necessary to reduce the charge
<br /> to the permitted limlt; and(b)any sums alrcady collected from Borrowcr wliich exceeded pennitt�,d limits will be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, tlie reduction will be treated as a partial prepayment without any
<br /> prepayment charge undcr the Notc,
<br /> 14.Notices. Any notice to IIorrower provided for in this Security Jnstrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address
<br /> or any other address Bonowcr designates by notice to L.endcr. Any notice to Lendcr shnit be given by first class mail to
<br /> I.ender's address stated herein or any other address Lender designates by notice to Borrower, Any notice provided for in this
<br /> 5ecurity Instrument shall be deemed to have been given to Sorrower or L.ender when gtven as provided in this paragraph.
<br /> , 15.Governing Law; Severabillty. This Security Instrument shall be govcrned by fcderal law and thc law of thc
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instn►ment or the Note
<br /> conflicts with applicable law,such conilict 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 Instruntent and the Note are declared
<br /> to be scverablc.
<br /> 16.Borrower's Copy. Borrowershall be given one conformed copy af the Note and of tliis Security Instrument.
<br /> - Form 30?B 9/90
<br /> - �-6HINL�)�ez�2�.oz Pnflo 4 0l G Iniva�c
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