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<br /> 98-�iiz�3s �
<br /> paym�nts niay no longer be required,a.t the option of[.ender, if mortgAgc insurance covcraqc (in thc amount and for�he period
<br /> that C.endcr requlres)provided by an i��surer approvcd by L,endcr again beconxs avallabir a��d Is obtained. Borrower shall pay
<br /> thepremiums required to malntain mortgage insurancc in effect,or to provide a loss rcacrvc,imtfl thc rcquircment for mortgage �
<br /> insurance ends in accordance with any written agreement between Borrower and l,ender or appNcublc lew. �_
<br /> 9,Inspection. I.ender or its agent may make reasonable entries upon and Inn�xctians of the Propeny. Lender shall givc
<br /> Borrower notice at the time of or priar to an inspection specifying rcasonable causc for thc inspcction.
<br /> 10. Condemnation. The proceeds of any award or clai�n for damages, direct ar consequential, in connectian with any _
<br /> condemnation or other teking of any part of the Property, or for conveyance in lieu of condcmnatian, arc hercby assigned and --
<br /> shall be paid to Lender.
<br /> In thc cvcnt of a total taking of the Property,the procecds shall bc applicd to thc sums sccurcd by this Security instrument, �
<br /> whether or not then due, with any excess p�id to Borrower. ln the event af a panial taking of the Praperty in which the fair
<br /> market value of the Propeny immediatcly before the taking is equul to or grcatcr than the Amount of thc sums secured by this
<br /> Security Instrument immcdiately before the taking,unless 8orrower and Lender othenvise agree in writing, the sums secured by
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the cotal
<br /> amount of the sums secured immediately before the taking, divided by (b) the fair market value of thc Propeny immediately
<br /> bcfore the taking. Any balance shall be paid to Borrower. In the event of a panial taking of the Praperty in which the fair _
<br /> market value af the Propeny immediately beforc the taking is Icss than thc amount of the sums secured immeJiately before thc
<br /> taking,unless Borrower and l.cnder otherwise agree in writing or unlcss applicable law otherwise provides, the proceeds shall
<br /> be applled to the sums secured by this Security Instrumont whether or not the sums are then due.
<br /> If the Propeny is abandoncd by Borrower,or if, aftar notice by l.ender to Borrow�r that thc condcmnor offcrs to make an
<br /> awud or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the noticc is given,
<br /> Lender is authorized to collxt and apply the procads,at its option,either to restoration or repair of the Property or to the sums
<br />� secured by this Security Inscrument,whether or not then due. �
<br />- Unless Lender and Borrower othernise agrce in writing, any applicatlon of proceeds to princip�l shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chenge the amounc of such payments.
<br /> il. Borrower Not Released; Forb►,�rance By Lender Not A Waiver. Extension of the time for payment or maliftcation
<br />' of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borcower shall
<br /> na operate to release the liability of the original Bonower or Borrower's successors in interest. L.ender shall not be required to
<br />: commence proceedings against any successor in interest or refuse to cxtend time for payment ar otherwlse modify amortization
<br /> of the sums secured by this Security Instrument by reason of any dcmand made by thc original Borrower or Borrowcr's
<br />= successors in interest. Aiiy forbearance by I.ender in exercising any right or remedy shall not be a waiver of or preclude the
<br />= exercise of any right or remedy.
<br /> 12. Succes�wrsi and Asslgns Bound; Joint and Several Lipbllity; Casigners. The covenants and agreements of this
<br /> Securiiy instcu�ncut sl�ail L;n.; �,u bcr,e�t thc succe�sor a�.d assigns a. I.cr.dc: a;�d £o;:c::t:� 4ubje;,: ta :!se p:o:�isions of
<br /> puagraph 17. Borrowor's covenunts and agreecnents shall be joint and several. Any Borrower who co-slgns this Security
<br /> Instrument but das not eaxute the Note: (a) is co-signing this Security Instrument only to mortgagc,grant and convey that
<br /> Boaowcr's interest in the Property undcr the terms of this Security Instrumen[; (b)is not personally obligated to pay tho sums
<br /> saured by this Security Instrument;and(c) agrees that Lender and any other Borrower may agra to cxtcnd, modlfy,forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without that I3orrower's consent.
<br /> 13. Lapn Charges. If the loan secured by this Security Instrument is subjecc to a law which sets maximum loan charges,
<br /> and t�at law is finally intecpreted so that the interest or other loan chazges collected or to be wllectui in connection wlth the
<br /> lom excced the permitted limits,then: (a) any such loan charge shall be reduced by the amount nec�:ssary to reduce the charge
<br /> to the permitted limit;and(b) any sums already collceted from Borrower which excaded permittM li►nits will be refunded to
<br /> Boaower. Lender may choose to make this refund by reducing the principal owed under the Note or by ma.king a diceet
<br /> payment to Borrower, If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> propayment charge under the Note.
<br /> 14, Notices.My notice to Borrower provided for in this Securi[y Instrument shall bc 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 tho Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to I.ender shall be given by Crst class mail to
<br /> Lender's address stated hercin or u�y other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrumcnt shall be dcemed to have been given to Bonower or Lender when given as provided in this paragraph.
<br /> 15.Governing Lww; Severability. This Security [nstrument shall be goven�ed by federal law and the law of the
<br /> judsdiction in which the Property is located, In the event that any provision or clause of this Security Instrun�ent or the Note
<br /> conflicts with applicable law, such conflict shali not affect other provisions of tl►is Security Instrument or the Note which can be
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> tobe severable.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 9/90
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