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<br /> ' '� gaycnents m,ay no longer be�equir�,at thc o�tion of[.ender,if mortgage insurance coverage(in the amaunt and for the pPriod =
<br /> • . ; that Lertder requim)provided by an ittsumr upproved by Lender again trccomec available and is obtained. Borrower shall pay
<br /> `�� the pr¢miums rzquired to maintain rttortgage inswancc in effect.ar to provide a loss resen�e,unti!the requirement for mortga�e �
<br /> � �. •, � 5 insurance cnds in uccordanc�e with anY�vritten agrecment bet�veen Borrower artd Lender or applicable law. �
<br /> ;; �':�, 9,Inspectton. Lender or its agent m�y mat�e r�sa�le entries ugon attd iuspections of the Property. Lender shall �ive �
<br /> • � Borro�vet noticc at th�zime oY or prior to an inspc�ction specifying rasonabl�e c�use for the iasFection.
<br /> � • ��§ 10. Coadrmnattoa.The Qr�reeds of any award or claim for damages.direct or cansequential, in rnnnectian with any �
<br /> . �>� condemnation or oth�er t:�kin�of any part of the Pmpeny,or ii�r conveyaneQ in tieu nf cortdemnation.arz hereby assi8ned and �
<br /> � , �: t shall be paid to Lender. �
<br /> - �� � In thc event of a tatal taking of th�Property.the praceeds sha!1 tse applied to thc sums�ecurod by this Security Instrnrnent, � _
<br /> 'r.���' whether or noi then due. «ith any excess paid to Eorsower. In the event of a partial ta4cing'uf Aie Prapercy in which the fair
<br /> = market value of the Property immtxiiately Isefore the taking is equal to or greater ttian che amount of the sums secured hy this
<br /> �a`�' Securety Instrument i�iately trsfore the taIIrin�,unless Sorrower and Lender othenvise agree in writing,the sums secured b}�
<br /> , • ,;'?�. this �ecurity Insuument shall be reduced by ths amount of the praceeds �r�uitiplied by che following haction: (a}the total
<br /> . amaunt of the sums secured immadiately before thc taking, divided by (b)the fair�narket vaiue of the Property immadiately
<br /> before the takin�. Any bnlanoe shull be paid to Borro�+er. In the event of a partlal taking of the Property in which the fai�
<br />=="``��`,^� . market value of the Fmperty immediutety befos�the eaking is tess than the amount of the sums secured immediately before the
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<br /> _.:a;'.�%;: �king,anless Borrower and L.ender othenvise agrea in writing or unless applicable law otherwise provides,the procceds shall
<br />-��:�'�'.�P'.�S____ _ be agplied to the sums secu�ed by this Sec�rity Iastrument whether or aat the sums are then due.
<br />,,;���_:= If the Property is abandoned by Borrawer.or if,after noricz by Lender 4o Boaower that the condemnor offers to m31ce an
<br />•'°;��i� award or settle a claim far dnmages. Borravrer fails to respond to Lezder within 30 days after the daie the notice is given,
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<br /> ,.��;t_ Lender is authorized to collect and apply the prQCe�s,at iu option.either to restoration or repair of the Property or to e sums
<br />'•�;�^.�,n; serured by this Serurity Inswment.whether or not then due.
<br /> ,.,,;�'J'�;, llnless Leader and Borrower otherwise agre�e in �vriung, any appliratian of proceeds to principal shall not extend or
<br />:�_f�'�::= ' postpone the due date of the monthly paymenu referred to in gaiagraplu i and 2 or chang�e the amount of such payments.
<br /> X� 11.Borrawer Not Released;Forbearance By I.ender Nni a Wsdver.Factension of the time for payment or cYmdi�icaaon
<br />- ..T �,"��� of amortirdtion of the sums secured hy this Security Iastmment granted by Lender w anY suooessor in inierest of Borrawer shail
<br />_�`��,5,�,� not operate to retease the liability of the original Borrower or Borrower s successo�s in interes�Lender shall nat be m,quired to
<br /> - �mmence proceedings againsc any suocessvr in interest or refuse to excend time for payment or othenvise modify amortization
<br /> �'"�!�?���� of the sums secured by this Serurity Insavment by reasaa of any demand made by tIie original Borrawer or Borrower's
<br /> - -- --�� successors in interest. Any forbea:ance by Lender in exercising any right or remedy shall not be a waiver of or preclude thQ
<br />--�'�"�,� exercise of any rigtu or remedy.
<br />—_--�°�' a2. Suecessors and Asdgns Bound;Joint aad Several Llabvity; Co-slgnets. The covenanu and agreeinents of ttus
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<br /> _�:��.n�� gecurir� instnunent shall bind an3 benefit the sucoessors and assigns of Lender and Borrower, snbject to the pmvisions o
<br /> _,_;`;,N,,r,=�� . p�g�:� 17. Borrower's wvenanu and agt+eements sha�l Lz�aint and several. An,• c�rrawer who co-signs this Se�curity
<br /> Instrumem but does not exetute thE Note: (a)is co-signing this Security l�trament:►SIy to mortgage,gtant and convey shat
<br />- -- -'---; Eonotiver's interest�the Property under the terms of this Securiry Insh�uia�:(b)is noi personally ebli�ated to pay the sums
<br /> - - s�urod by this Security Insuvment:and(c)agrees thtit i.ender and any other Borrovuer may a�rce to ex'�ry:,modiPy,forbear or
<br /> -- = make any accommodations with reEa�d to the terms of this Security Inswmant or t4ie Nate witixout that�::r+ower's cansent.
<br /> �_y�`� 13,Loan C6urgeg.If the loan secured by this Security Insuument is subject to a iW� which seis maximum toan charges,
<br /> -- - and ttiat law is finally interpreted so that the interest or oiher toan charges callected or::r be collected in connection with the
<br /> � w�"- loan exceed the p�sm_'�d�imits. tt►en: (a)anY such loan char�e shall be reduced by the amaunt ne��_sy+to reduce the charge
<br /> = co the permitted litr�t;and(6)any sums already collected from Borrower which excceded pera►itte��:Jr..i�s will be refi�nd�+i to
<br /> Borro��•�r. Lender may choose to make this refund hy r�ucing the principal owed ur.dez the Note or by rt�aking a direct
<br /> pav�r�a?c to Borrower. If a refund reduces principal. the r=..'uction wiU be treated s:: a partial prepayment without any
<br /> prepa�::ient ct�arge ur.der the Note.
<br /> 14.IVotice�./�n;�norice to Boaower provided for in this's�cnrity In.�r:ment shall be given by delivering it or by mailing
<br /> - it by first class miil:ie.�le'.�s applicable law reyuires use of anoth��ezl:n�-��"=e rtotice shall be directed to the Property Address
<br /> or any other address Borrower designates by notice to Lender. ,�ny co�x to Lender shall be given by first class mail to
<br />_==- Lender's address stated herein er any other address Lender designates by notice to Bonower.Any notice provided for in this
<br /> - Secndty instrument shall be deemed to have been�iven to Borrower or Lender when give^as provided in this paragraph.
<br /> ' 15.Goveming I.aw; Severability. This Security Instrument shall h.P goveraa! ��y fe�eral law and the law of the
<br /> ' jurisdiction in which the Property is located. in the event that any prov:�i:aii�:�claus�ai z9�is Securirj instrument or the Note
<br /> � conflicts with applicable law,such conflict shall not affect ath.r pravisior_�cC L:is Ser�:rijt�Instcument ar the Note which can be
<br /> = given effect withaut the vonflictin�provision.To dus en�dn:�rovisions of this Secerit,+ Inswrrcent and the Note are decl3red
<br /> - to be ssverable.
<br /> — - 16.Borrower's Copy.Borrower shall be given one wr.:%^aed caF;��:f rhe Noie and of this SECarity Insiniment.
<br /> - Form 3028 9/90
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