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<br /> payments may no longer be required, at the apt�on of I.enslcr. if martgnge in,sutnnce aflverage(in the amaunt and foe the petfod
<br /> that L.ender requires)provided by an insunr approved by Lender again besomes avuilable and is otstained.�omnwer shall}uy
<br /> tho prcmiu�ns requirod to m�iutaln mortgago insumnce ln effect,or to pruvido u loss mscrvc,until thc requiremcnt for fnortgage ,
<br /> insurem�enda in accordance with a�y wrinen agreement betwcen Borrower und L,ei�der ar appffrable IAw.
<br /> 9.Inspoction.�I,�nder or itR as�nt ma3+ntalta reusunuble entries upan nnd lnspecdans af thc Properiy. I.ender fihall give
<br /> Ek�rrawer natice at thc time af ar prior co un inspectian npe.cifying reasonsble cuusc for the inspcctian.
<br /> 10. CondemnAtton. 1'he proreeds of any u�vnrd or cSnim for dnm►igey.direc�t ur consequentiul,in cannectian with any
<br /> candemnattnn cir other tuking of uny pan af thc Pr�perty. or fm�conveynnce in Ifcu c�f candemnudoa.aro hereby ussigncd atx!
<br /> sic�ll bc pa3Q ta I.cndcr.
<br /> In thc cvent of i�tuial taking��f the Praperty.thc procccda ehnll bo upplied tu thc sums rccured by this Sccurity Instrument.
<br /> whether��r nm thcn duc. with any excess p�id ta Borrowcr. in the cvent af u purtinl taking of the Pmperty in whtch the falr
<br /> markct vnlue af thc Property immediatcly before the tuking is equal ta or greutcr than the umnunt�f the sums secured by thls
<br /> Securlty Instrununt immediutcly bcfore the talcing.unless Borrower and l.cnder ntherw�e a�ree!n wrlting.the sums Ferured by
<br /> this Sccarity Instrument shnll b�s reduced by the amuunt of the proceeda multiplied by the following fraction: (u) the totat
<br />• amaunt of thc sums haured immediately before the tuf;ing,divided by (b) the fair markct value of thc Property immediutely
<br /> before the taking. Any bulance sha!! be pa�d to Horrower. In the event af a parlial takin�of thc Property in which the fair -
<br /> market vufue of the Property immvdiatcly before the taking is less thun the umount of the swns secured jmmedintely before the
<br />. taking.unl�ws Borrower and Lender athenvise agree fn writing or unl�s applicable!aw otherwise provldes, the proceeds ahall -
<br /> be upplie�to the sums securcd by this Sccur�ty Instrument whether or not the sums are then due. -
<br /> If the Property is abandaned by Borrower.or if,after notfce by Lender to Borrower thut the wndemnor offers to make an
<br /> awurd or settle A clalm far damages. Borrower fails ta respond to I.ender within 30 days after the date the notice is given. --
<br /> I.ender is authorixed to mtlect and apply the procceds, at its optfon.either to restaration or repair of the Property or to the sums
<br /> serured by this Sccur�ty Instrument,whether or not then due. -
<br /> Unless I.ender and Borrower otherwise agrce in writin�,uny applicution of proceeds to pr�ncipal shall not extend or �
<br /> postpone the due dntc of the monthly puyments referred to In paragraphs 1 nnd 2 or change the umount uf such payments. �� —
<br /> .:-
<br /> I1.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modification =
<br /> of umartiration of the cumc cernre�i fiy thi�CP��lrity Inssrum�tlt grenttYf b;Lender tu sssy succes.:or in intez�s of Sorrou;cr sba1Z -
<br /> not opernte to r�elcasc thc liubility of thc originul Borrower or Borrower's successoR in interest. Lendershalt not be required to n
<br /> commence proceedings against any successor in interest or refuse to extend time for paymenc or othetwise modify stmortization �
<br /> of the sums secure�i by this Security Instrument by rcASOn of any demund made by the ori�inal Borrower or Borrower's �,
<br /> successors in interest.My farbeararice by I.ender in exer+cising nny dght or rcrnedy shall nct be u waiver of or preclude the M_
<br /> exercise of any right or temedy. �
<br /> 12. Succc�.wrs and Assi�ps Bound;Jofnt and Several Llabiltty; Co-s[�gners. The covenants and agreements of this �"`
<br /> Securlry Inst�ument shaU bind and benefit the successors and assfgns of Lender and Horrower. �ubject ro the provisions af �_.:
<br /> ps�ragrnph 19. Dorrawer's covenants and agreemenu shalt be joint and sever�l. Any Borrowcr who co-sIgns this Security �'•-�=
<br /> Instrument but does not execute the Note: (u) is co••signing this Security inst�urnent oniy ta mortgage,�rant and convey that �'�`
<br /> Bonower's interest in the Property under the terms of this Security Instrument;(b)is not personally ot�igated to pay the sums '
<br /> secured by this Sccurity Instrument;and(c)agrces that I.ender and any other Bonower may ugrec to extend,modify,forbear ar
<br /> meke any acwmmodutions with regard ro the terms uf this Securiry Instrument ar the Note wjthout thut Borrower's consent. _
<br /> I3.Loan�harges. If the loan secured by this Security Instrument is subJect to a lnw which sets maximum(oan ch�rges, -
<br /> sutd that law is finally interpreted so that the interect or other loan chazges collectcd or to be collected in connection with the "a`t
<br /> toan exceed the permitted linilts,then: (a)any such loan charge shall be reduced by the amount necessary ro reduce the ch;irge ;:`-
<br /> to the permitted limit;and (b)uny 4ums utready collectal from Borrower which exceeded permitted limits will be refunded to ..'�:�,
<br /> Borrower. Lender may choosv to make this refund by reducing the principal owed under the Noie or by making a direct
<br /> paymant to Borrower, If a refund reduces princlpat. the reductiun will be tmatcd as u p;srtial prepayment without any
<br /> pre�ayment charge undcr the Note.
<br /> . .�;.
<br /> 14.NoHces.Any notice tn Borrower provided for in this Securlty Instrument shall be�iven by delivedng it or by mailing � ;�''•'
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<br /> it by fina clnss maii uniess npplicable luw requires use af unothcr method.The notice shall be directed to the Property Address
<br /> , or any othcr address Borrower dcsignutes by notice to I.ender. Any notice to Lender shall bc given by first class mail to
<br /> L.ender's uddress stated herein or any other address Lender designates by noticc to Borrower. Any notke provided for in this
<br /> Secudry Instrument shall be deemed to have been given to Borrower or I.ender when�iven su provjded in this paragraph.
<br /> IS.Governin� Law; Severability. This 5ecurity Instrvment shatl bc govcrned by federal taw und the luw uf the
<br /> jurisdiction in which tlie Praperty is located. In the event that uny provisinn or clnuse of this Security Instrument or the Note �
<br /> �ontlicts with applicuble law,such conflict shull not affect other provisions of this Security instrument or the Note which can be
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> to be severuble.
<br /> 16.Botrower's Copy.Barrower shall be given oneconformed copy of the Note und of this Scxurity Instrument. •
<br /> Form 3028 8J90 ,;�.,
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