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<br /> � puyments may no Innger be required,ut the nption of Lender,if mortga�e insurunce coverage(in the nmount and for the peried `
<br /> that I.ender require�)provfd�i hy ai� inzurer appruved by I.ender ugain becomcs available and i�oMnined. Anrmwer xhnll pay �� s
<br /> ' l the premiumx required to maintuin mortgnge insurance in effect,or to provide a lass reserve,until the requirement for mortgage �
<br /> � insurunce ends in uccordunre with any written aereement betwecn Borrower and t.ender or applicable taw. . ''` ,
<br /> 1 9. inypection. Lender or its agent muy make reasonabie entries upon and inspections of the Property. Lcnder xhull give 4 �
<br /> 1 Bonowcr natice at the time of or prior to an inspcction specifying reasonable cauce for the inspection. �
<br /> 10. Condemnatlan. The proceeds af any award or claim for damages, direct or consequential, in connection with uny
<br /> �ondemnation ar other talcing of any part of the Property,ur fur cumeyan�e in lieu uf cundemnaticm, are hereby atisignul und �
<br /> ishall bc paid to l.endcr. , .
<br /> iIn the evcnt of a total taking of the Property,the prcxeeeis shall be uppliecl to the sums secuced by this Security Instrument, ,
<br /> � wfiether or nut thrn due, with any exres�puid to Sorrower. ln the event of u partiaJ talcing of the Pruperty in which the fair
<br /> � market �aius of the Property immediaiely before the taking is eyual to or greuter than the amount�f the sums secured by this
<br /> Security Instrument immediately before the tuking,unless Born>wer and L.ender otherwise agree in writing,the sum�secured by
<br /> ; thi� Security Instntment shall be reduced by the amount of the proceeds multiplied by the fallow•ing fractiun: (a) the total
<br /> j un�aunt of thc sums secured immaiiately before the caking, divided by (b) the fair market value uf tGe Prvperty immediately
<br /> � bcfore the taking. Any bnlnnce shall be paid to Borrower. In the event uf a partial taking of the Propeny in which the fair
<br /> � market vulue af the Property immecliately before the taking is less than the amciunt of the sum�securai immediately hefure the .
<br /> taking. unless Borrower and I.ender otherwisc agree in writing or unless applicable law othcrw ise provides, the pr��re�d��hall
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> � If thc Property is abandoned by Borrower,or ef,nfler notiee by I.ender tu Bnttower that the conderanar offer�to make an
<br /> � award or settte a cia�m for damages, F3orrower f:��.l:.co respnnd to Lender w•ithin 30 days at'ter the dat. !"�e notice is given,
<br /> l.ender is authorized to r�llect and apply the pra�ree�i�,at its option,either to restoration or repair uf the P�r�ny or to the zums
<br /> � secured by this Security In�trument, w•hether or n��t theii Jue. �
<br /> � Unless Lender and Borrowe� utherwise agTee in writing, any application of proceed, to princiF.i'. +hall not •e�:�:nd or �
<br /> � postpone the due date of the monthly payments ret�-rc�i to in paragraphs I and 2 ar change thc am��unt�"'su:h paymcnt�. ' `
<br /> i I1.Borrower tio4 Released;Forbearsince�tp Lender Not a Waiver. Extension oC the time fur�at^�em or modification �,,{. �
<br /> of umortization of the sums secured by this SerurieJ Instrument eranted by Lxnder to any successor in interrst of Borr:+a er shall
<br /> i not operate to release the liability of the original Borrower or�rr*ower's surreswrs in interest. Lendcr shsll not tu�required to ��'•
<br /> i c�mmence proceedings against any successor in intetest or refuse to extend time fo�payment o�utherwise mcxiify amortiza�ion ' , _'
<br /> of the sums secured hy this Securiry Instrument by reason of any demanJ made by the original Borrower or Borrowrr's ����.
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<br /> successors in intcrest. Any forbeurance by L,ender in exercising any right or remeciy shall not be a wai��er of or precludc thc .",.�'
<br /> cACici�c uf auy rigi�i or rrwcxly. ,^:r
<br /> 12. Successots an@ Assigns Bound; Joint and Several I.iability; Casigners. Tl�� :,�ti•enanti and agrecment� ot thiti ; � '•1�
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<br /> Security Instrument shall bind and benefit the successors and atisigns of C.ender and Borrru�r. �uh�ert to the provisiom of .�.,•,.�, _,i,�,.
<br /> paragraph 17. Borrower's covenants and ugreements shall be joint and several. Any Boreower w•ho co-signs this Security ��,r•� .��, �rt
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<br /> Instrument but does noi execute the Note: (a) iz co-sioning this Security Instrument only tc�rnungage, grant and convey that � '���;
<br /> Borrower's interest in the Property under the terms uf this Securiiy Instrument: (h)is not pe:s�nally obliguteci to pay the Sums • � •��;
<br /> secured by this Security Instru:nent:and(c)agrees that Lender and:iny other&irrower ma�•:��r�c to extend, modify, f�rbear c>r • / �•
<br /> make any accommodations with regard to the terms cif this Se.•curiry Instrument or the Note without that Borrower'�ronsent. � •��
<br /> 13.I.oun Charges.If the loan secureci by this Sexurity lnstrument is subjert to a law which sets maximum losn char�;e+,
<br /> and that law is finully interpreted so that the interest or other loan churge�coilected or to be collected in connecti�m with the
<br /> loan exceed the perniitted limits, then: (a>any such loan charge tihal� be reduced by the am�iunt necessary to reduce the charge
<br /> to the permitted limit:and(b)any sums already collec:ted from Borrower whieh exceecled permittecf limit�will be refunded to
<br /> , . Borrower. Lender may choose to make this refund by reducing the prinripal uweci under the Note or by making a direct �
<br /> payment to Borrowec If a refund reJuces principal, the reduction will be treuteci as a partial prepayment without any �• �
<br /> prepayment charge under the Note. '
<br /> ' 14.Notit�s.Fem}� nniice ta Borrower pruvid�d 9:?r in this Security Instrument shall be given by delivering it or by mailing �
<br /> " it by firse c3:us mae6 unl�ss applicable luw req�ires u�e af ane�ther method. The notice�hall be direct:d tu th�Property Address , �.,���•.�•
<br /> �''��,�� �� or an o:n.r addres� $orrower desi nates b notice to Lend;r. An nutice tu Lendcr shall be y
<br /> :G<<,,,-; )' S y y givcn b first class mail to �
<br /> I.ender's address stated herein or any other addres� Lender dr:izrt:ttes by notir�r to Burrowcr. Any notice provided for in this �
<br /> ", Security instn�ment ahal�be deemed to have been given to Borcower or Lende:»!:�n gi�•cn as proeideci in this parsgraph. ' '���
<br /> � I5.Governing �.aw; Severabilit�•. This Security [mtrument xhall trr go�•emed by federal law and thc law of the �
<br /> � �•,t�.. jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note �
<br /> "%'��� �' conQicts with applicable law,such conflict shali not affect other provisions of this Securit} IR>erument ar the Note which can be � �
<br /> ',�i;;i:"��• �iven effec,without the conflicting provision. To thiti end the provi,ion�of this Securit�• En.tnsrnent and the Not�are declared � "
<br /> ��•� tobeseverable. :��;' .
<br /> ti • ::..,., 16.Borrow•er's Copy.Borrower shall be given one conTormeci ropy i�f the Note and of thi�Secunt, Cnscrument.
<br /> ��rf;,i;t;, ;.}; Form 3028 9/90 ' '
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