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<br /> paymcnts may no longer he required, at tho ogdon of I.cnder, if mongage insurance coverngs(In tho amount and for the pe�lod
<br /> that Le�xler requires)pmvided by an Insuter approved by d.,end¢r again becomes nvc�lable and Ia obtained.Barrowcr siudl �►y
<br /> the prmniuma t+equircd to matntatn mortgage ln�urnnco in cffeat,or to pmvlde n loss reservc,unt�l the requirement fAr n�ortgege
<br /> insurance cnds in accardansc with eny wrlttcn agreement b:twan Borrower end Lender or applicablo law.
<br /> g.In4pedlon.l.,ender or its ageat erwy make nasonabla entr�es upon and inspectioac of the Property. I.ender shall gtve
<br /> Borrower�otice at the dme of or prior ro en inspoctton specifying rr.asonable cause for tho inspxtion.
<br /> �0,�n�•wcau�tinn. 7`he pracee�ds of aay award or clr�im for dama�es, direct or consequentlat. in connection wlth any
<br /> conde�on or other taking of any part of tho Property,or for corneyance ln lieu of candemnatlon,are hanby assigaed and
<br /> shal!l�paid w 1.ender.
<br /> In the event of a total taking of tha Praperty,tho pnocee�la shell bo applIed to the sums secured by tl�ia SecurIty Instnunent.
<br /> whether or not then due. with aay eacess pald to�3orrower. In the event af a partta!taldng of the Pr+operty in which the fair
<br /> muket value of Wa Property i�iately before the teking is equal to or greater tt�an tt�e�nount of the sums secured by t6is
<br /> Security Insuament immcdiatcly beforc the taking,anless Borrower and I.ender otherwise ag+ee ln wrlting.tho sums secui+ed by
<br /> this Secudty Instcument shall be reduoed by the amount of the psoceeds multiplie�by the followtng fractian: (e) the total
<br /> snnount of tha sums secured immediately before the takiug. dlvlded by (6)the fair market value of the Property unmediuuly
<br /> before the tekias. Any balance shall 6e paid to Borrower. In the eveat of a pardal taking of the Property in wtuch the fair
<br /> market value of the Property immedisuly before the teking is less then the amouat of the sucas secured lmmediately before the
<br /> takittg,unless Bonower and Lender otherwise a�mee ia writin8 or unless applicable law otherwlse provtdes. the pmc,�da shatl
<br /> be appliod to the sums secured by tGis Security Insbnunent whether or aot the sums a�e then dus.
<br /> If the Pmperty is abandoned by 8orrower.or if,after notice by Lender w Borrower that the condemrtor offars to make an
<br /> ;�t award or settle a claim for damages.Borrowar feils to respond to I,ender wlrhin 30 days aftcr We date the notice is given,
<br /> ��'���' L.e�ndcr is authorize�d w aollect and apply the pra;eeds,at Its optton. either to restorat�on or repatr of the Peoperty or to the sums
<br /> secured by this Securtty Instrument. whether or not then due.
<br /> Unless Lender and Botrower ot6erwtse agree ln writtng,eaY aPPlicadon af proceods to principal shall not eatend or
<br /> :+p, postpone the due date of the monthly payments referred to In paragcaphs 1 and 2 or change the emount of such payments.
<br /> ;.
<br /> 11.Bornower Not Releasedi Farbearance By I.ender Not a Weiver.Extensian af the time for payment or modifi on
<br /> of emortizatlon of the sums secured by this SecurIty Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not opetate to release the liabillty of the orlginal Bonower or Borrower's sactessora ia interest. Ixnder shall not be re�uired to
<br /> commence proceedtngs against any suxessor in Interest or refuse to extend time for payment or otherwlse modify amortlzaeIon
<br /> of the sums secured by this Security Instruraeat by reason of any demand made by the orlginal Borrower ar Borrower's
<br /> suocessors in interest. Any fa�caratta by Lender in eaercisiug auy cighi 3r reme�y slsall not be a usiter of or pr�ltsde th�
<br /> eaercise of any risht or remedy.
<br /> 12. Suocessors and Assigng Bound;Jofnt aad Several LiabUtty; Co-signers. The covenauts and agreements of this
<br /> Securlry Insuument ahall bind and benefit the successors and auigns of Lender and Borrower. subject to the provislons of
<br /> para�aph 17. BorrowePs covenants end agreements shall be joint and several. Any Borrower who co-signs thts Securlty
<br /> Insqvment but dmes not execute the Note: (a) is co-sign3ng this Security instniment only to mortgage.grant and convey that
<br /> Bomower's interest in the Pmperty under the terms of thta Security Insuument; (b)is not persor�aUy obligated to pay che sums
<br /> secured by this Secur�ty InstNment; aad(c)agrees that Lender end any other Borrower may a$ree to extend.modity,forbear or
<br /> make any accommodations with regard to We tecros of this Securiry Insmtmeat or the Note without that Borrower's consent. - •
<br /> 13.Loan Chargcc.If the loun socured by this Security Instrument is subject to a 1aw which sets maximum loan charges. a,.,,
<br /> � , and that law is finally interpreted so that the interest or other loan charges collected or to be collette�in rnnnection wlth the �'°:
<br /> loan exceed the permItted limits.then:(a)any such loan charge shall be reduce�by the amount necessary to reduce the ct�arge ��}K
<br /> to the permitted liaut:and (b)any sums already collecte�from Borrower which excee�ed permitted IimiYs will be refunded to
<br /> Bomower. Lender may choose to make this refund by reducing the principal owed under the Nate or by making a direct • `„�
<br /> payment to Borrower. If a refund re�uces princiQal. the reductIon will be treated as a parti�l prepayment wtthout any
<br /> prepayment charge under the Note. ' •
<br /> ���' 14.Nottoes.My nodce to Borrower provided for in this Securiry Instrument shall be given by deliver�ng it or by mailing �"'�
<br /> �` it by first class mail unless applicable!aw requires use of another znethod.The notice s�all be dic+erted to the Property Address �,���
<br /> or any other address Bomower designates by notice ta Lender. Any notice to Lender shrall be given by first class matl to
<br /> Lender's address stated herein or any other uddress Lender designates by notice to Bnrrower. Any natice provided for in this
<br /> Secw3ry Instrument shaU be deemed to have been given to Banower or Lender when given as provided in this paragraph.
<br /> s•zK�'� ig.Goyerning Law; Severabll(ty. This 5ecur[ty Instrument shaii be govemed by federal law and the law of the
<br /> `� � jurisdiction in which the Property is located. In the event that any provtsion or clause of this Security Tnstrument or the Note .
<br /> contlicts wlth applicable law,such conRict shall not effect other provisions of this Security Instcument ar the Note which can be
<br /> given effect wtthout the confllct[ng provision.To this end the provlsions of this Security Insaument and the Note are declared
<br /> � to be severable.
<br /> �;=,;a:�• � 16.Borrower's Copy.Borrower shaq be given one conformed copy of the Note and of this Sect�rlty Insaument.
<br /> Form 3028 9/90
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