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<br /> payments may no longer be required, at the option of L.ender, if mortgage insurancc coverage(in the amount and for ths period
<br /> that L.ender requires)provided by an Insurer approved by Lcndcr again Ixcomes availablc and is obtai�ed. Borrower shall pay
<br /> thc premiums required ta maintatn mortgage insurance in effect,or to provide a lo9s reserve, until[he reqi�irement for mongagc
<br /> insurance ends in accordance with uny written ugrecment betwean Borrower and Lender or applicable law.
<br /> 9, Inspectlon.L.cnder ar it9 agen[ may make rcasonable entries u}wn and inspections of th� Propeny. l,ender shull givc
<br /> IIorrower notice at the tima af or prior to an inspection speclfying reasonable cause for the inspection.
<br /> 10. Condemnotlon. The proceeds uf any award or claim for damages, direct or consequcntial, iu connection wi�h any
<br /> candomnation or other taking of any pan of tha Property, or for conveyance En Iteu of wndemnation, are hereby assigned and
<br /> shall be paid to l.,cnder.
<br /> In the event of a total taking of the Propeny, the proceeds shall be applied to tlie sums secured by this ScGUrity lnstrument,
<br /> whether or not tlien du�,with any excess paid to Bonower, Jn the event of a parrtial taking of the Propeny in which the falr
<br /> market value of the Propetty immediately before the taking is equal to or greater than the amaunt of the sum�secur�d by this
<br /> Security Instrument Immediately before the taking, unless Borrower and Lender otherwise agrec in writing,the sums s�curcd by
<br /> this Security Instrucnent shall bc reduced by the �cnount of the procads multiplicd by [he following fracti�n: (a) tho total
<br /> amount of the sums securai immediately before the taking, dividal by (b) the fair market value of the Property immcdiately
<br /> before the taking. My balance shall lse paid to Borrower. In the eva�c of a partial taking of thc Property in which the falr
<br /> markec v�lue of the Property immediately befon the taking is tess than the amount of the sums secured immediately beforo the
<br /> taking, unless Borrawer and Lender athenvise agree in writing or unless applicable law otherwise prov[des, the proceeds shall
<br /> be applied to the sums secured by this Securiry lnstrument whcther or not the sums are then due.
<br /> If the Property is abandoned by Bonower,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a claim for damages, Bonower fails to respond to Lender within 30 days after the date the notice is given,
<br /> Lender is authorized to collect and apply the proceeds,at its option,elther to restoration or repair of the Property or to the sums
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Horrower otherwise agra in writing, an�� appllcation of procads to principal sha!1 not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11. Borrower Not Relesised;ForbwrAnce By I.endcr Not a WAlver. F.xtension of the time for payment or modification
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Bonower shall
<br /> not operate to release the liability of tha original Borrower or Borrowcr's successors in interest. I.ender shall not be requircd to
<br /> commence prac:eedings against any successor in interest or refuse to extend time for payment or otherwise madlfy amonization
<br /> of thc sums scr,ured by this Securiry Instrument by renson of any dcmand made by the original Borcower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising uiy right or remedy shall not be a waiver of or perclude the
<br /> exercise of any right or nmedy.
<br /> 12. Successon wnd Assigns Bound; Joint pnd Several LiA6ility; Co-aigna�. The covenants and agreements of thi�
<br /> Securiry Instcument shall bind and benefit the successors and assigns oi Lendcr and &,rruwcr, subja.i i� s.�:. p:n�:�.�"° �f
<br /> paragraph 17. Bonower's cavenants and agramenta sball be joint and soveral. Any Borrower who co•signs this Sxuriry
<br /> Instrument but does not execute the Note: (a) is co-sigaing this Socurity Instmment only to mortgage, grant and convey thnt
<br /> Borrower's interest in the Property undcr the terms of this Security Instrument (b)is not personally obligatod to pay ihe sums
<br /> secured by t:�is Securi[y lnstrument;and(c)agras that Lender and any other Borrower may agree ta extend,modify,forbesr or
<br /> n�ake any accommodations with regazd to the terms of tl�is Security Instrument or the Note without that Borrower�4 CAllSCQf,
<br /> 13. I.oan Charges.If the loan secured by this Security Instrument is subject to a law which sets max(mum loan �herges,
<br /> and that law is tinally interpreted so that the interest or other loan charges collected or to be collcetcd in connection with the
<br /> loan excevd the permitted limits, then: (a)any such loan charge shall be reduced by tho amount necessary to reduce the chazge
<br /> to the permitted limit; and (b)any sums already collested from Bonower which excaded pennitted limits wiU be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the pdncipal owed under the Note or by making a direct
<br /> pxyment to Sorrowr.r. If a rofund reduces principal, the red.uction will be treatal as a panial prepayment without aay
<br /> prepayment charge wder the Note.
<br /> 14.Notices. My notice to Bonower provided for in this Security Instrument shall be given�by delivedng it or by mailing
<br /> it by first class mail unlcss applicable law requires use of another method,Thc notice shall be directed to the Property Addras
<br /> or any other addrez+ Borrower designates by notice to Lender. Any notice to Lender shall be given by firat class m�il to
<br /> Lcnder's address stated herein or any other address Lender designates by noticx to Borrower. Any notice providat for in this
<br /> Security Instrument shall be deemed to have bcen given to Borrower or l.ender when given as provided in this pazagraph,
<br /> 15.Governing L�w; Severabiltty. Tt►is Security Instrument shall be govemed by fcderal law and the law of the
<br /> jurisdiction in which the Propeny is tocated. In the event that any provision or clause of thia Sxurity Instrument or the Note .
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Noce which can be
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are dxlared
<br /> to be severablc.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Fam 302! 9/90
<br /> ��6R(NE)�92�z�.os Pape 4 0l 6 INtIMS:
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