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�9� ic�4oss pay}nents may no longer be required,at the option of Lender,if mortgage insurance coverage(in the amount and for the period that Lender requires)provided by an insurer approved by Lender again becomes available and is obtained.Borrower shall pay the premiumsrequiredto maintainmortgageinsurancein effect, or to provide a loss reserve,until the requirementfor mortgage insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. 9. Inspection. Lender or its agent may make reasonableentries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential,in connection with any condemnationor other taking of any part of the Property, or for conveyance in lieu of condemnation,are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property,the proceeds shall be applied to the sums securedby this Securiry Instrument, 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 market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this Security Instrumentimmediatelybefore the taking, unless Borrower and Lender otherwise agree in writing, the sums securedby this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immediatelybefore the taking is less than the amount of the sums secured immediately before the taking, unless Bonower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Property is abandonedby Borrower,or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claixn for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lenderis authorizedto collect and apply the proceeds,at its option, either to restorationor repair of the Property or to the sums secured by this Security Instrument,whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not e�rtend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. E�tension of the time for payment or modif'ication of amortizationof the sums securedby this Security Instrumentgrantedby Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.Lender shall not be required to commenceproceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest.Any forbearanceby Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrumentbut does not execute the Note: (a)is co-signing this Security Instrumentonly to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums securedby this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to e�end, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 13. Loan Charges. If the loan securedby this Security Instrumentis subject to a law which sets maximum loan charges, and that law is fmally interpretedso that the interest or other loan charges collected or to be collected in connection with the loan exceed the permittedlimits, then: (a)any such loan charge shall be reducedby the amount necessary to reduce the charge to the permittedlimit; and(b)any sums already collected from Borrower which exceeded permittedlimits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 14. Notices.Any notice to Borrowerprovided for in this Securiry Instrumentshall be given by delivering it or by mailing it by first class mail unless applicable law requires use of anothermethod.The notice shall be directed to the PropertyAddress or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender'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 Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrumentor the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrumentor the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrumentand the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. Form 30 � �-6R(NE) (s2i21.o2 P��a ot s Initials: � 30284.frm 12/96