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<br /> m�w��� payments may no longcr bc rcquired, at the option of l.cnder,if mortgage insurance covcrage(in thc amoum a�id for thc period
<br /> .y_.'"^..�
<br /> �hat Lender requires)provided by an insurer approved by Lcnder again becomes available and is oL�tained. Borroµcr sliall pay
<br /> +Y'`'�`��� the pr�miums required to maintain mortgagc insurance in cffeci,or ta provide a loss zeserve, until the rcquircmcnt(or mortgaBc
<br />-`:!���,�.'Y�,� insurance ends in accardance with any written agreenxnt between Borrower and➢..ender or applicable law.
<br /> _ ,. `° 9. Iropectlon. L.ender or its agcnt may makc reasonabla en[ries upon and inspections of the Property. I..c�idcr shail give _
<br />:_`a:��;:. .' 13orrower notice at the titne of or prior to an►nspation sp�xifying reasonable cause for th�:inspection.
<br /> �'�'•°"� 10. Condemnation, The proceeds of any award or claim for damages, direc� or consequential, in conncaion with any
<br /> ,:.� condcmnation or Qther tal:ing of any part of ths Propeny,�>r for conveyance in lieu of condemnation, are hereby assigned and
<br /> �'��,;,:'"'' shall be paid to I..endtr.
<br /> In tt►e event of a total taking of tha PropertY,the proceeds shall be applied to the sums se�ured by this Securiiy(nstrument,
<br /> tr�'�' �� whether or not then due,with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> ---- — market value of the Propeny immed:ately beforc the taking is equal to or greatcr than the amount of the sums secured by this
<br /> -- ,:_;;_� . � Security lcutrument immediately before the taking,unless Borrower and l.ender otherwisc agree in writing, thc sums secureci by
<br /> '",••.-..� this Security Instrument shall be recluced b�� che amount of Ihe procetds multiplied by the following fraction:(a) the total
<br /> ���� unount af the sums secared immeciiatety b�fore the taking, divided by (b) the fair market value of the Property immedia[ely
<br />=*��".s's:�•; before the taking. Any balance shall be paid ta Borrower. ln the event of a partial taking of the Property in which the fair
<br /> ��-`"'-- market value of the Propetty immaiiately befort the taking is less than the amaunt of the sums secured immediately before the
<br /> ,�. t�lcing. unless Borrower and l.ender otherwise agree in writing or unless applicable law otherwise provides,thP procceds shall
<br /> _�.._:� be applied to the sums secured by this Security Instrument whether or nat the sums aze then due.
<br /> u�=".-;;���`"' If the Prop�rty is abancloned by Borrowec,or if,after no[ice by Lender to Bortower that the cei�deninor offers to make an
<br /> -__��;t�� awazd or uttte a claim for ctaniages, Borrower fails to respoc:a to Lender within 30 days after the date thc naiice is given.
<br /> � l.ender is wthorized to tollect uid apply tl►�proceeds,at its option,either►o restoration or repair of the Pcoperty or to the sums
<br /> �'���� secured by this Securiry inscrument,whether or not then due.
<br />�'l � Unlas Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />-„�,�;z;,s�. postpor►e thc due date of the monthly payments refernd to in puagraphs 1 and 2 or change thc amount of such payments.
<br />=_=='�i 1l, Hoerower Not Rdes�ed;Fotbearaace By Lender Not o WAirer.Extension of tho�ime for payment or modification
<br /> �—=y'�� of amortizuion of the surtu secund by this Securiry Instmment granted by L.�nder to any successor in interest of Bocro�er shall
<br /> -=� pot operate to retease the liabiliry of the original Borrower or Borrower's successors in interest. Lender shall not be requirexi tu
<br /> -�;�a"� cocnmence praceedings against any successor in i n t e r e s t o r n f u s e t o e x t e n d t i m e f o r pa yment or otherwise mcxiify arnottization
<br /> -"`�t�''_�ti. of the sums secured by this Security Instniment by reason of any demand made by the original Borrower or Borrower's
<br /> :���• successors ia interest. My forixarance by Lender in exercising+ny right or remedy sh�l! no[be a waiver of or preclude the
<br />'_=�.��. ':
<br /> --- cx�rcix Oi iuuj%T:'�y`�t�:i�i;��.
<br /> -�;"���� 12. Succ�.w+s ud AssiBns Bound+ Jdnt �nd Sevarl Lisbility; Co-sigeers. 7'he covenants and agrart�nts oi[i�is
<br /> - �-�f;�
<br /> ---`�='"��• Security lastrument sh�ll birsd and benefit the successors and assignc of Lender azui Borrower, subject to the prdvisions o
<br /> -�-Fr�.;�,�r j pangnph 17, Borrowet's covenants uxf agraments shall be joint aad several. Any Borrower who co-signs this 5ecurity
<br /> -- ° Irutrument but does not execute the Note: (a} is co-signing ihis Security Instrument only to mongage, grant and convey that
<br /> ---_! Borrower's interest in the ProperEY under the terms of this Stcurity Instrument; (b)is not personally obligated topay the sums
<br /> �� secured by this Securi[}Instrumenr, and(c)agms [hac Lender and any aher Borrower mzy agcee eo extend,modify,forbear ur
<br /> �'°� malce any accommodacions with regard to the tertns of this Securiry Instrument or tho Note witt�oat that Borrower's consent.
<br /> •��� 13.I,00n C6u�es.If the loan secura!by this Security Inurument is subject to a law which s�ts muimum loan charges,
<br /> u►d tlut lnw is finally interpreted so that the interest or ottxr loan chazges coltected or to be eoUected in connection�vith the
<br /> � loan ezcad the permitted[imits,then: (a)any such lo�n c�uge shall be reci;ued by che unount necessary ro reduc�the chuge
<br /> °� to th�pertnitted limit,�nd (b)any sums already coUected from Borrower which eaceecied permitted litnits will be nfuncied to
<br /> � --. Borrower. Lender may choose to make [his rcfund by reducing the principai owed under thc Note or by moking a dicect
<br /> -----�-- -� payment to Borrower. If a rcfund reeiuces principal, the reduction witl br tnated at a putia� P�eP�Yrt�nt without any
<br /> -----�-.3�—. pcepayment charge under the Note.
<br /> — 14.Notiees.My noeice to Bocrower provided for in this Securicy Instrurt►ent shall be�iven by delivering it or by mailing
<br /> _=�R�� it by first ciass mv[unless applicahle law requires use of another methai. The notice shall be directed to the Properry Address
<br /> _--��;,=s o or any o�her addms Borrower designates by notice to I_.ender. Any notice to Lender shali l`� given by ferst clus mail ro
<br /> _��� [.ond�er's oddress stated herein or any other address lxnder dasignaces by notice to Boaower. Any notice pravided for in this
<br />� —�--v�� �ecurity Instrumenc shal?be deemed to have been givea to Borruwer or Lender whert given 1s provided in this parag:�ph.
<br />.__R��� 15.GOYtCOIII� I+7lM� Sererability. This Security Ins�rument shall be govemed by federal law and �he faw of the
<br /> ,�,,�--: , jurisdictiort in which the Property is located. In the evenc [hat any provision or clause af this Security Instrummt er the lYott
<br /> _-__.n�-� � conflicts with applicable law,such conflict shall not affecc o�her provisions of this Securiry Instrument or the Nate which can be
<br /> -�==�;p�=.�� given effect without the conflicting provision.To chis end �he provisions of this Security Ins[rument and�he Note are declared
<br /> ' ' �::'' ` tu be severable.
<br /> • - 16.B�rrower's Copy.Borrower shall be given one canformed copy of the Nore and of this Security Instrument.
<br /> ` fam 3028 9/90
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