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<br /> payments may no ionger be requiced, at th�option of Lender, if mortgage insurance coverage(in the amount and fur the period
<br /> that Lender requires) provided by an insurer approvecl l�y Lcnder again becomes available and is obtained. Borrowcr shall pay
<br /> the premiums rcquirc�to mainzain►nortgage insurance in effect,or to provide a loss resecve,until the requirement for mortgage
<br /> insurance ends in accordance with any written agreement between Borrower and I.ender or applicable law.
<br /> 9. Inspecti�n. I.ender or its agent ma}� make rettsonable,entries apon and inspections of trie Pro�peRy. I.�nder shall give •
<br /> Borrow•er notice at the time of or prior to an inspection specifying reasonable cause for Yhe inspection.
<br /> 10. Condemnation. The preceeds of any award or claim for damages, direct or conseqnential, in connecti�n with any
<br /> condemnation or�ther takieg of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and
<br /> shall be paid to Ixnder. "
<br /> In the eveni of a total taking of the Property, the Proceed:sha11 be applied to the su:r,s secured by this Security Instrament,
<br /> whether or not then �ue, with any excess paid to Bonower. In the event of a partial taking of the Pro�'letty in which ihe fair
<br /> market value of thc Property immediately before the taking is equai t� or greater than the amount of the sams secured by [his
<br /> Sec�rity Instrument imm�diately before the taking, unless Borrower and Lender otherwise agree in�-riting, the sums secured by
<br /> , this Security Tnstrument shall be rede,ced by the amouni of the prc�reeds m�ltiplied by the following fraction: (a) the totai
<br /> amount of the surns secured immecliately before the taking, divided by (b) the fair market vaiue of the Pmperty immediately
<br /> before the taking. Ar.y baiance shall t>e paid to Borrower. 1n the event of a partial taking of the Property in w�hich the fair
<br /> rnarkei�-alue of the Praperty immediately before the taking is less than the amount of the sums secured immediately before the
<br /> taking, unless Borrower and Lender otherw•is�agree in Nriting or unless applicable law otherwise provides, the proceeds stiall �
<br /> be applied to the sums secured by this Security Instn�ment whether or not the sums are then due.
<br /> If the Property is abandone,d by Borcower, or if, after notice by Lender to Borrower that the condemnor offers to make an �
<br /> award or setNe a claim for damages, Borrower fails to respand to Lender within 30 days after th� date ihe notice is �iven, (�
<br /> Lender is auth�::�� to collect and apply the proceeds, at its option, either to restoration nr repair of the Property or to the sams ^�,�
<br /> secured by this Secu��ty ]nstrument, whether or not then di�e. < �
<br /> Unfe�s Lender and 8orrower otherwise agree in writing, any app(ication of proceeds to principPl shail not extend or ��
<br /> postpone the due date of the monthly payments referred to in parag�phs 1 and 2 or change ihe amount of such payments. �
<br /> 11. Borcower Not ReleaSed; Forbearance By Lender Not a`�'aiver. Extension of the time for payment or modihcation �
<br /> of amortization of the sums secured by this Securiry instrument granted by Lender to any successor ii� interest of Borrower shall
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> ' commence pmcee�ings against any successor in interest or refuse ro extr..nd time for payment or otherwise maiify amortization
<br /> of the sums secured by this Securiry Instrument by rc;a�,o�i of any demand made by the original Bormwer or Borrower's
<br /> sur.essors in interest. P,ny forbearunce by Lender in exercisins any right or remedy shall not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound; .loint and Several Liab�lity; Co-signers. The covenants and agrcements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the pmvisions of
<br /> paragraph 17. Borrower's covenant� and agreements shall be joint and several. Any Borrower �vho co-signs this Security
<br /> (nstrument hut c'oes not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> Bormwer's interest in thz ProNerty under the ternis of this Security Instrument; (b) is not personally obligated to pay the sums
<br /> � secured by this Security instrument; and(c)agrees that Lender and any other Borrower may agree to extend, modify, forb;ar o:
<br /> make any accommc>c:a;ions with regard to the terms ot this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is suhject to a law which sets maximum loan charges, ,
<br /> and tiiat law is finally interpreted so that the interest or other loan charges collected or to be collected in connectior with the
<br /> ;;. loan exceed the permitted limits, then: (a) any such losn charge shall be reducc�cl by tiie amount necessary to reduce the charge
<br /> '- to the permitted fimir, and (b) any sums already collected from Borrower which cxceeded permitted limils will be refunded t�
<br /> " Borrower. Lender may c}ioose to make this refund by reducing the principal owed under the Note or by making a dir.•ct
<br /> R payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under the Nore.
<br /> ; 14. Notices. Any notice to Borrower pro��ided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mai! unless applicablc law requires use of ar�other method. The notice shall be directed to the Froperty Address
<br /> or any other address Borrower designates by r.otice to Lender. Any notice to t,ender shall be given by first class mail to
<br /> Lender's address stated herein or any o[her address Lender designates by notice to Borrower. A�y notice p;ovided for in ihis
<br /> Security Instrument shall be deemed tn have beer given ro Borrower or Lender when;given as provided in this paragraph.
<br /> I5. Gor�e�ning Law; Severability. This Security Instrument shall be govemed by federal law and the law o!'the
<br /> jurisd�ction in which the Property is located. i�; the event that any provision or clause of this Security Instrument or the Nc�te
<br /> conflicts�v��;i applicable law, suc`�con�lict shall not affect other pr�:isions of this Security Instrument or the Note which can be
<br /> given eifect without the conFlicting provision. To this en� the provisions e�f'this Security Instrument and the Note are declared
<br /> io be severable.
<br /> I6. Borr�wer's Copy. Borro4ver shall be given one conformecl copy of the Note and of this Secu:ity Instrument.
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<br /> Form 3028 9/90
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