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i ' . . gq- �.a�o�b� paymonts may no longer be reqaired, at the option of I.ender, if mortgage insutanco coverage(in tht amount and for the period that I.ender requires)provided by an insuror approvod by Lender again becomes ayailable and is obtained. Borrower shall pay. the premiums required to enaintain mortgage insurance in effiect,or to provide a loss reserve,until the rtquireme�t for mortgage` �- insurance ends in acc�rdance witla any written agreement between Borrower and Lenda or applicabie law. � �.. 9. Inspectioo. Lender or iis agent may make reasor,able tntries upon and inspections of the Pmperty. L,end�r-shall give B�orrower notice at the tia�of or griot to an inspection specifying reasonab(e cause for the inspxtion. • 10. CondeTnnation. The pr-� xds af any award or claim for damag�s, direct or consequeutial, ui connectinn with any condemnatian or ather taking of any part of the Property, or for oonveyance iQ lieu of coadPmnacion, aze hereby assignod and shall be paid to Lender. µ In the event of a total taking of the Properry, the prooeeds shall be applied t�ehe sums secured by this Security Instrument, whether or not thea due, with any exc�cs paid to Borrower. In the event of a partial calcing of the P�operty in which the fair market value of the Property iIIUnediateiy befnre the taking is equa] to or greater than thc amouni of t�e sums secured by th�s Security lnsuument immediately before the taking, uniess Borrow�:r and Lender otherwise agroe in writing, tht svms secural by this Security Instrument shall be reducad by the amount of the procceds multiplied by the fo(lowing frxtion: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Praperty immediately before 4'�e taking. Any balance shall be paid to Bonower. in the eveat of a partiai taking of the Property in which the�fair market value of thc Property imnxdiately before the taking is less than the amount of the stuns secuted qmtnediat��y before the - taking, unless Borrower and Lender otherwise agrce in writing or unless appiicable;aw otherwise provides, the pr�cceds shall � ' be app:ied to the sums secsired by this Security Instrumm�nt whether or not the sums aro then due. If the Property is a6andone�by Borrower, or if, after notice by L.ender to Borrower that the conuemnor offers to make an awar� or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lxnde;is authorized to callect and apply the proceeds, at its option,aitber to restoration or repair of the Froperty or to the sums secured by this Security Instrument,whether or nat then due. Unless I,ender and Aonower otherwise agree in w�iting, any application of proceeds to principal shall not eztend or postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. 11. Bonbwer Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted b;Lender ro any snccessor in interest of Borrower shail not operate to release the liability of fhe original,Bnrrower or Borrower's successors in interest. Lendec shall not be required to commence proceedings against any su�:cessor in interest or refuse to eztend titine for payment or otherwise modify amortization of rhe sums secured by this Security• Instrurr,ent by reason of any slemand made by the original Bo_rrower or Barrower's ' successors in interest. Any forbearance by Lender in ezercising any right or remedy shall not be a waiver of or p:��clude the ' eze*cise cf any right or remedy. 112. Successvrs and Assigns Bc�und; doint and Several Liability; Co-signers. The covenants and agreements of this ' Security Instrument shall bind and benefic the successors and assigns of Lender and Borrower, subject to the provisions of psragraph 17. Borrower's covenants and agreements shall be joint and several. rAny F3orrower wno co-signs this Security Instrument but dces not ezecute the Note: (a) is co-signing this Securiry Instrument only to mortgage, grant and convey that Bonower's interest in the Property under the tercn� of this Security !nstrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and(c) agrees diat Lender and any other Borrower may agree to eztend, modify, forbear or malce any accommodation.e with regard to the terms�i this Security Instr�ment or the Note without that Bonower's consent. ' 13. Lean Chargc,�. If the loan secured by this Security Instrume�t is subject to a law which sets maaimum loan chuges, and that law is finally interpreted so that the interest or other loan charges collected or to be s;,�llected in connection with the loan e�ceed the permittec! ]imits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already coqected from Borrower which exceeded permitted (imits will be refunded to ' Barrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct ' payment to Borrow•er. If a refund reduces principal, the reduction will be treat�d as a partial prepayment withflut any ' pregayment charge under the Note. 14. iVotices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by maiting it by first class mail unless applicable law reguires use of another method. The notice shall be ditected to the Property Address or any other address Borrower designates by notice to L.ender. Any notice to L.ender shall be given by first class :nail to L.ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Banower or L.ender when given as provid��ti in this paragraph. 15. Governing Law; Severabilety, 1�is Security lnstrument shall be govemed by federal law and'the law of the ' jurisdiction in which the Property is located. In the ever.t thzt any provision or clause of this Secui9ty Instrumen� or the Note conflicts with applicable faw, such conflict shall not affect other provisions of this Security Instrumetit or the Nt�ce which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note aze declued to he severable. 16. �orrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. ��6R(NE)iszixi.oz Farm 3028 9/90 Pspe 4 01 6 idtlua: , .3 ��, `�� _ 'I ..__ ' � �