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<br /> pnyments may no longcr bc required, at thc option of Lcixlcr,if mortg gc insurancc covcragc (in thc umount at�d for thc period -
<br /> thuc Lendcr requirc�)provided by an insurer npproval by L,ciider aguin becomes nvailablc und is obtained,Dorrnwcr shall pay
<br /> the premiums required to maintuin morlguBc insuraixo in effcct, o�to providc a lo�;s rctervc, uniil the rcquirement far mortgage
<br /> insurunce axls�n uccarduncc with any writtcn agrecment bctwecn I�orrawcr nnd l.�ndcr or npplicable law.
<br /> 9. Inqpectlon� l.ender or its ugent muy muke rcasonnble cn►ri�s u�n und inspections of�he Property. L.cnder shall givc
<br /> F3orrower nnticc ut the time of or prior to an inspcc�inn specifying rcusnnublc�ause for ihc inspcclion•
<br /> 10. Cnndemnatfon. 'fhc procccds of any uwerJ ar ciuim fiir dumugcs, dircct or coosequcntiul, in rnnncctiun with any
<br /> condemnution or Mhcr tuking of uny pan of thc Property. or for convcyuncc in licu of condcmnutiun, urc hcrchy nssigncd and
<br /> shuli t�c paid to I.cndcr.
<br /> In the event of n totul tuking of thc Propcny. ihc pr�KCeJti shull bc upplicd to thc sutn5 sccurcd hy this Scruriry Instrumcnt.
<br /> whether or not then due, with any excess puid tn Borrower. In the event of n partial taking af the Propeny in which the fuir
<br /> murket vuluc ol'the Prc,�ny immcdiutely bet'ore the takinb is cqual to or grcutcr than thr, anwunt of the sums sccured by this
<br /> Serurity Instrumcnt inunediutely bcfarc the tuking,unless Borrowcr and Lender otherwisc agrcc in writing,the sums sccured by
<br /> this 5ecuriry lnstrument shall be re�iuced by the nmount nf the proceeds multiplied by the following fraction: (n) the totul
<br /> amount of thc sums secured immecii�tely before thc taY.ing, divided by (b) the fair markct value of the Property immcdiatcly
<br /> before the Iaking, Any bulance shall be paid to Hurrower. In the cvcnt of a partial taking of the Property in which thc fair
<br /> market value of the Property immcdiately before t�e taking is lcss thnn the nmount of[he sum�secural imnxxiiatcly before the
<br /> taki7g, unless Borrower and L.enJer otherwise u�ra in writing or unless applicable law otherwise provides, tBe proceeds shall
<br /> bc applied to thc sums sccurcxl by this Security Instrument whethcr or not the sums are then due.
<br /> If the Property is abundonecf by&xrower, or iF, after notice by Lender to Borrowcr thut the condemnor oFfcr,m makc un
<br /> uward or settle a claim for damages, Borrowcr fails to respond to L.ender within 30 days after the date the notice is given,
<br />- L.ender is authoriu:d to collect and upply thc proceeds,at its option, either to restoration or repair of thc Property o�to the sums
<br /> secureci by this Security Instrument,whether or not ihen due.
<br /> Unles� Lcnder and Borrower otherwise agm in writing, any applicatiun of proceeds to principal shall not extend ar
<br /> �stpone the due date of thc monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Rdeased; F�rbenrance By Lender Not p Waiver.Extension of the tire�e for Qayn�ent or modification
<br /> of amortization of the sums secured by this Securily Instrument granted by L.ender to any successor in interest of Borrower shall
<br /> not operate to relcase the liebility of the original Horrower or Borrower's successors in intere:st. Lender shall not be required to
<br /> commence proceedings against any successor in interest or refvse to extend time for payment or otherwise modify amortization
<br /> of the sums secured by this Security Instcument by reason of uny demand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbearnnce by I.ender in exercising any right or remedy shall nw be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successors and f►sslgns Dound; Joint�nd Severai Liability; Caslgners. The covenants and agreenxnts of this
<br /> Security Instrument shnll bind and benefit the successors and assigns oi I.encfcr a��1 ix��.�»�r, s��3w��a �h= F'�`•'�`!"n` ^f
<br /> paragraph l7. Borrower's covenants and agreements shall be jc�int and several. Any Borrower who co-signs this Sxurity
<br /> Instrument but dces not execute the Note: (a) is m-signing this Security Instrument only tu mortgage, grant and cor►vey that
<br /> Borrowcr's interess in the Property under the ternu of this Security instrument; (b) is not personally obligated to pay the sums
<br /> secureci by this Security Instrument;and(c)agrees that I.ender nnd any other Borrower may agree to extend, rnadify,forbear or
<br /> make any accommaiations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or oiher loan charges collected or to be collected in conneclion with the
<br /> loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to rcduce the charge
<br /> to the permitted limir and(b)any sums already collccted from Borrower which excceded permitteJ limits will be refundai to
<br /> Borrower. Leixfer may choose to make this retund by reducing the principal owed under the Note or by malcing a dinxt
<br /> payment to Borrower. If a refund reduces principal. the reduction will be treated us a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.Notkes. Any notice to Boaower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requir�s use of another metl�od.The notice shall be directed to the Property Address
<br /> or any other address Barrower designates by notice to Lcnder. Any notice to Lender shall be given by first class maii to
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice providat for in this
<br /> Secu�ity Instrument shall bc dcemed to have Ixen given to Borro�vcr or I.ender when givcn as providai in this paragraph.
<br /> 15.Governing I.aw; Severability. This Security Instrument shall be govcrned by federal law a�xi the law of the
<br /> jurisdiction in wliich the Proper.ty is Iceated. In the event that any provision or clause of this Security Instrument or the Note
<br /> conflicts witl�applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which ean be
<br /> given effect �vithout the conflicting provision, To[his end the provisions of this Security Instrument and the Note are declarod
<br /> to be severable.
<br /> 16.Bot�ruwer's Copy. Borrower shal{be given one conformeci copy of the Note and of this Security Instroment.
<br /> Form 3028 9(90
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