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<br /> R� payments rnay no longer bc required, at[he a�tion of Lendcr, if mor[gage insurancc covcrugc(in thc amount and for thc period
<br /> that L.cnder requires) provided by an insurer approved by I.,endcr again becomes availablc and is obtained. B�rrowcr shall pay
<br />��":--��� ihe premium�requirai to maintain mortgage insurance in effect,or to provide a loss reserve, until thc requirement for mortgage
<br /> _ '`=�- insurance ends in accordance with any written agrarnent between Borrawer and I..ender or applicablc law.
<br />'-�,;p�} 9,in�pxtion. Lend�r or its agent may rru�c reasonable entrics upon und inspections of thc Property. L.cndcr shall givc
<br /> ---" Borrower naice at the Nme of or prlor to an ins�xction specifying reasoneble cause for thc inspecdon.
<br /> '?`'` � l0, CondemnAtlan. The proceeds of any aw��d or claim for damagGq, direct or consequentlal, in cannection wlth any
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<br /> _;�s� candemnwtion or ather taking of any part of�he Property,or for convcyance In lieu of condeinnation, are hereby asslgne�f and
<br /> shall be paid to Lcnder.
<br />� Irt the event of a rotal taking of the Property,the procteds shell be applied ro the sums securcd by th�s 5ecurily histrument,
<br /> :�:....� whether or not then due, with any eacess paid to Borcowtr, In ►he event of a partial taking of the Fropeny in which the fair
<br /> •••�� - muket value of the Yraperty immediatoly before the taking is equal to or greater than the nmaunt of the sums securcci by this
<br /> �T'•-'� ^ Security Instrument tmmediacely beforc[he taking,unless Borrower and Lender othcrwise agree in writing,the sums secured by
<br />'; n,t�. this Security[nstrument shall be reduced by elu amount of the proceeds multiplied by the following fraction: (a) the total
<br /> -=�"�°��, amount of the sums secured immediately before ihe taking, dlvid�d by (b) the fair marke[ value of the Propcny immediately
<br /> =-_':g;<_�s before the teking. Any balance shall be paid to Borrower. In the event of a panial taking of the Property in wl�ich the falr
<br /> -=�� � market value of the Property immediacely Lxforc ihe taking is les� than the amount of the sums securcd immediately before thc
<br /> �,,��e�� taking,unleu Borrower and Lender othetwise agree in writing or unless applicable law otherwlse provides, the proceeds sitall
<br />_"_"-"-',.`�"° be applied to the sum.s secured by this Securiry Instrument whether or not the sums aze thcn due.
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<br />��+�v� If the Property is abandoned by Borrov�er.or if,after notice by Lender to Borrower that the condemnor offers to make an
<br />—_-- awazd or settle a claim fnr damages, Borrow�r fails to respond to Lender within 30 days after the date the notice is given,
<br /> _���; 1.ender is authorized to collect and apply the procceds,at its option,either to restora[ion or repair of the Pcoperty or ro the sums
<br />_.._:;.�.� secured by this Securiry Instrument, whetheror not then due.
<br /> ' Unless L.ender and Boaower otherwise agcee in writing, any applicatioa af proceeds to principal shall not extend or
<br />-����� postpone thedue date of the monthly paymen�s nfened to in paragraphs 1 and 2 or change the amount of such payments.
<br /> --�� 11.B�rower Not Relased;Forbeaa�nceBy I.ender Not a Wpiver. Extension of the time for payment ur modification
<br /> -�--�� of amonization of the sums secured Uy this Security lnstrument granted by Lxnder to any successor in interest of Borrower shall
<br /> = not operate�o release the liability of the original Borrower or Borrower's successors in.interest. I.ender shall not be required to
<br />--= commence proc.�edings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br />--°--� of the surns secure8 by this Security Inst�u�nent by reason of any demand made by the original Borrower or Borrower's
<br /> _=- suce.�ssors in interest. Any forbearance by I.ender in exercising any right ar remedy shull not be a waiver of or preclude the
<br /> — exercise of any right or remedy.
<br /> _.___--__-i 12. Succcssors and Aasiqns Bound;Jo9at and Several LiAbility; Casigners. 'fhe covenants and agraments of this
<br /> ;y Securiry Instmment shall bind and benefit th�successors and assigns of Lender and eorrower, subject ro [he provisions oi
<br /> ~ '� paragraph 17. Boaower's covenants und agreements shall be Joint and several. Any Bonowcr who co-signs this Securiry
<br /> �� [nsccument but does not execute the Note: (a) is co•signing this Security Instrumen[only to mortgage, grant and convey tha�
<br /> �; Borrower's interest in the Prop�rty under tlu terms of this Security[nstrument; (b)is not personally obligated to pay the surns
<br />- --�--� secured by�his Securiry InstNment; and(c�agras that Lender and any other Borrower may agrce co extend,modify,forbear or
<br /> _ —�� make any aaommodations with ngard ro tl�e terms of this Security Instrumene or the Noto without that Boaower's consent.
<br /> 13. Lain Chwrges. if the loan secured by�his 5ecurity Instrument is subject to a law which sets maximum loan charges,
<br /> � and that law is fmally interprcted so that the interest or other loan charges collected or to be collected in connection with the
<br /> - loan exceed the permitted limits,th�n: (a) any such loan charge shall be reducal by the amount necessary to redua the charge
<br /> - to the perntitted limit and (b)any sums already collected from Borrower which exceedod permitted limits will be refunded to
<br /> - Borrower. Lender may choose to make this rcfund by reducing the principal owexl under the Note or by making a di�tict
<br /> payment to Sorrower. If a refund reduces princip�l. the reduction will be treated as a parttal prepayment without eny
<br /> � prepayment charge under the Note.
<br /> lA. Notices.My notia to Bonower providai for in this Security Instrumcnt shall be given by delivering it or by mailing
<br /> - __� it by first class mail unless applicable law nquires use of another method. T6e notice shall be directed[o the Propeny Address
<br /> :_'�'.�g��� or any other address Borcower dosignates by notiu to Lender. My notice to Lender shall be given by first class mail to
<br /> L.ender's :,ddress statal herein or any other addrcss Lender designares by notice to Bonower. Any notia provided for io this
<br /> �"���'�y Sccuriry Instrument shall be deemed ro have been givcn to Bonower or l.ender when given as provided in this paragraph.
<br /> 1�� —�i 15. Governing I.aw; Severability. This Security Instrument shall be governcd by federal law and the law of the
<br /> --__:.Q�a jurisdiction in which the Pmparty is located. In�he event that any provision or clause of this Security lnstrument or the Note
<br />---;;,� conflicts wi�h applicable law,such conflict shall not affect other provisions of this Securiry instrumcnt or the Note which can be
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<br /> ���?�.-.- given effect without the conflicting provision. To this end the provisions of this Securiry Instrument and the Note are declared
<br />=_��"� to be severable.
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<br /> �:�:��'�� � 16. Barower's Copy.Borrower shall be given one confonned copy of the Note and of this Securiry Instcument.
<br /> - �•• �• Fortn 3028 9/90
<br /> � , , �•BRINEI�sziti.os Pao.s o�6 i�i�as:
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