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<br /> paymcnts msy no longer be required,at tlie option of Lc��der, if mortgage insurun�covice•agc(in thc mnount and fur tlic period
<br /> that Lender requires)providexi by an insurer npproval by I..encler again becomes avuilablc und is obtaineci.Borrowcr shnll pay
<br /> the prcmiums requieal to maintain mortgpgG insurance in effect,or to provide u loss reservc,widl thc requirenunt for mortgage
<br /> insurance ends in eccorciance with any written egroement between&nrowcr atxl l.c:xlcr or appliruble law.
<br /> 9. I►u�pectbn. Lender nr its agent may make reusanablc en�rias upon anci inspcctions of�he Praperty. l.cnder shall give
<br /> Borrower notice al Ihe time of or prlor to an inspection spalfyln�rw�nable cauxe for the inspectfon.
<br /> 10. CandemnaUon, The proceeds of any award or claim for dumages, direct or cotisequentiul, ii� connectinn with nny
<br /> condcmnasian or other taking of any part of�he Property,or for convcyancc in lieu vf corxiemnation, urc hcreby uss�gncd and
<br /> shall be puid to l.ender.
<br /> In thc cvent uf a total taking of the Property,the prcxeals shull bc nppli�xl to the sums secural by this Sccurity Instrument,
<br /> whcther ar not thcn duc, with any excess paid to R�rcower. ln the cvcnt of ii partinl tnking nf thc Property in which thc fair
<br /> markct value af the Propeny immaliutely bcfare the ta{:ing is equal to or grcuter than the amount af the sums securccl by this
<br /> Security Inslrument immafiatcly beforr the taking, unless fiorrower und L.cncler othcrwise rgrec in writing,thc sums sccural by
<br /> this Securiry Ins�rument shaQ be raiured by the amount of the proceecis multiplied by the fallowing fraction: (a) the totwl
<br /> amount of the sums securai immedlately bcfore the�aking, divided by (b) the fuir market vuluc of the �ro�rty immallntely
<br /> before the taking. Any balance shall be paid to Bonower, In the event of a purtial taking af thc Property in which the fair
<br /> market valuc af the Property immediately Fxfore the iaking is less than the amount of the surns sccured immedlately l�efore the
<br /> taking, unless Borrower and I.ender otherwise agree in writing or unless applicable law otherwisc provides, thc procads shall
<br /> be applied tu the sums secured by this Security Instrwixnt whether ar not tho sums are then due.
<br /> If the Property is abandonal by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a claim for damagos, Borrower fails to respond to Lender within 30 days after the datc the notice is given,
<br /> L.ender is authorized to collect and apply the proceeds,at its option,eithcr to restorution or repair of thc Propeny nr to the sums
<br /> sxured by this Security lnstrument,whether or nut then due.
<br /> Uniess i.cnder and Borrower c►U►erwise agree in writing, any upplication of proccrds to principal shuU not extenrl or
<br /> postpone the due date of the monthly payments referral to in paragraphs 1 and 2 or change the amount af such payments.
<br /> 11. Borrower Not ReleASed;Forbearance By Lender Not a WAlver. Extension of thc time for payment�r modification
<br /> of amortization of the sums�ecured by this Security iustrumant granted by Lender to any successor in lnter�st of Horrower shall
<br /> not operate to release the liability of the original Borrower or Bonowtr's successurs in interest.I.,endet yball not be required to
<br /> commence praceclings against any successor in interest or refuse to extend time for payment or othenvise modify amorti•ration
<br /> of the sums sauretii by this Security Instrument by re�son of any demand made by the original Borrower or Borrower's
<br /> ' suc:,essors in intenst. Any forbearance by [.ernJer in�xercising any right or retncdy shall not be a waiver of or precluJe the
<br /> exercise of a��y right or remedy,
<br /> 12. Suaca�ors xnd Asslgns Bound; Joint and Severnl LiAbility; Casigners. The cavenants and agrcements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> purugiu�iu t7. Buiivii�ci�5 C<3'r'i:ilBCitS Sii3 n�i:,C[SS�r:o �N8l� �� )OS::i .«.� S�:'Ci�. :�5:� �^rr��y�r yu�n rn-gio�c thic Crci�ritv
<br /> Insttument but does not execute the Note: (a) is co•signing this Security Instrument only to mortgage, grant and convey that
<br /> Borrower's interest in tht Property under the terms of this Security Instrumenr(b)is not personally obligete�d to pay the sums
<br /> secured by this Security In.ctrument;and(c)agras that Lender and any other Borrower may agra to extend, modify,forbear or
<br /> make any accommodations with regard to the terms of this Security Instniment or the Note without that Borrower's consent.
<br /> 13. Latn Ctwrges.If the loan secural by this Security Instrument is subject to a law which sets�naximum loan charges,
<br /> and that law is finally intcrpreted so that the intarest or other loan charges callectal or to bo collectal in connection with the
<br /> loan excxod ttie permittal limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the per►nitted limit; and (b)any sums alresidy collected from Borrower which exceeded permltted limits will be refunded to
<br /> Borrower. [.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Bonow�r. If a refund redur,es principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment chuge under the Nota
<br /> 14. Notic�c. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mniling
<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 addresc Borrower designates by notice to Ltnder. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice providod for in this
<br /> Security Instrument shalt be deemed to havc been given to I3orrower or Lcnder when given as provided in this paragraph.
<br /> 15. Governing Law; Severability. This 5ecurity Instrument shall be governed by federal law and thc law of the
<br /> jurisdiction in which the Property is located, In the event that any provision or clause of this Security Instrument or the Note
<br /> conflicts with applicable law,such r,onftict shall nut affect other provisions of this Security Instrument or the Note which can be
<br /> given effect without the cunflicting provision. To this end the pro�isions of this Security Instrument a�id the Note are declaral
<br /> to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conforn�al copy of the Note and of this Security lnstrument.
<br /> Form 3028 9/90
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