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<br /> pnyment�: rtk�y no lon�er bo required.ut the aption of I..ender,if rnortgage insurunce coverage(in the amount arxd fur tho period
<br /> thAt l.cnder rcqulms) pmvidacl by an insurrr upprovcA by l.endcr Again hccamcs avatluble nnd is obtained.F��rower shnll p�y
<br /> tite premi wns required ta muincain mortgase insurunce in effect,or ta provide u loss reserve.until the requirement far martgage
<br /> insurance ends in uccardance with any�vritten u�reement between 8orrawer und L.ender or npplicable law.
<br /> 9. 3n��tttan. L�endcr or it��tigcnt mAy nuke r�o�tut�te enttke�upuu und inspecttons of the Propeny.Lendcr shull give
<br /> Borrower notFce i�t the time of or prior to un inspectlon speclfying musonable cuuse for the inspection. ,
<br /> !0. Condemna4ion. The proceals af any n�vnrd or c1c�m for dumuges,dinx:t ur consequential, in connecdon wlth uny :
<br /> condemnutlon or ather taking of uny p.�ut of the Prapecty.or fw conveyunce in lieu of condemnution,are hereby ussigned and
<br /> shuU be paid to Lcndcr. �
<br /> In thecvent of a totul tnking of the Property.the proceeds shall be appliedto the sums secured by this 5ecurlty Instrument. �
<br /> whcther ar nat thcn due, with any excess paid to Bocra��rer. In the event of a pattlal taking of the Properry in whlch thc fair
<br /> mnrket v�lue af the Propzrty i��mtattutely brfure the taking is equal to or greater than the emount of tha sums secured by this '
<br /> S�curity�nstrument 3mmedIately before the tahing.unless Borrower and Lender otherwise agree ln writing.the sumc secured by
<br /> this Securiry instrument shall be reduced by the amount of the procer�s mult�plied by the following fractIon:(a) the total
<br /> nmount of the sums securdd immcdiutely beforc the takfag. divlded by(b) t6e fuir market value of the Pro�erty immedfately
<br /> before the tnking. Any balnnc.:shall be paid to Horrower. !n the event of u partIal tnking of the Property in whIch tbe fair
<br /> market vs�llue�f the Prope�ty immediately t+efo�the ts�king ia lesa than thc amaunt af the sums secured immediately Nefore the
<br /> takins,unlrss Borrower And I.�ndtr otherwise agree in writing or unless applicuble law othenvise provides,the prooeeds shall
<br /> be appited ta the sams saured by this Secudry Instrument whether or nat the sums ure then due.
<br /> if the Property is nbandoned by Borr�wer.or if.after nodce by Lender to Borrower thut the condemnor offers to make an
<br /> awand or settle a cluim for dAmagcs, Borrower fails to respond to Lender within 30 days after We date the no�ce is given,
<br /> Y.ender Is autho�to coUect at�d apply the proveeds.at its optton.either to restoration or repair of tfie P�nopecty or to tha sums �
<br /> setured by this Secur�ty Instn�ment,whether or not then due.
<br /> Unt� L.ender and Bormwer othenvise agcee in wdting, any upplicutlon of pmoeeds to principal shall nat extend or
<br /> �astFone the due dflte of the monthly payrt�ents referced to in paragraphs➢and 2 or change the amount of such payments.
<br /> dl. �or.rot�er 1l�et Ptde3.._Md;�ork�rr.s�e By I.endcr 1�3ot s�'�aive.. Fxte�sion of the tlme for payment ur modlficadon
<br /> of amottjzation of the sums serured by this Seeurity Instrument granted by Lender to eny sucaessor in interest of Borrower shall
<br /> not operate to retease the Itability of the ori�eival Borrnwer or Bomnwer's successors ia interest.Leader shull not be reguired w
<br /> commene�prc�oeedings against any successor in interest or refuse to extend time for payment or otherwise mod'nfy nmortizatlon
<br /> of the s�anu secu�ed by this Secnricy Insuument by reason of any demaad made by the originat Borrower or Borrower's
<br /> successors ln interest. My forb�acance by Lender in eaercising�ny�ight or remedy'sluill not Ire a weiver of or preclude the
<br />, exercisc of any rIght or nmedy.
<br /> 1Z. Shoeccsors and Assignc Bound; Joint aad Sev�ral LiabiUty;Cast�mera. The cove�mnts and agr+eements of thls
<br /> Securiry Iast�ument shaU bind and benefit the succe.ssors and assigns of Lender suid Borrower. subject to tQ:e pmvIstons of
<br /> paragrnph 17. Borrower's oovenants and agreements shall be joint and seve�nl. Any Borrawer who co-signs this S�urIty
<br /> Insuument but dces not eaetute the Note: (a)is co-signing this Secwity instrunrtent only to aiortgt�e,grant and oonvey that
<br /> Bomower'a interest in the Property under the terms of this Security Instrument;(b)is aot personally obligated tu pay ttte sums
<br /> secured by Uus Security Inswment;and(c)egre�s that L,ender and any other Borrower muy agree to extend,m�dity.forbear or
<br /> aiake aay acoommodations with regsrd to the terms of this Secwity Instrument ar the Note without ths;t Bonower's oonsem.
<br /> 13. I,ain Ch�rges.If the toan secured by thls Security Insuument is subjoct to a Iaw which sets maximum loan chaegrs.
<br /> and that iaw is finelly lncezpreted so that the interest or other loan charges cullected or to be a�ilected in connecdon wiW she
<br /> . loan exoe�d the pe�mittod limits.then: (a)any such loan charge sh�ll be reduo¢d by the amount necess�uy to r+educe the charge
<br /> to the perntitted limit; and (b)any sums already oollected from Borrower whid► excceded permitteei limits witl be refunded to
<br /> � Borra,aer.Lender may choose to make this refund by re�lucing the principal owed under the Note or by making a direct
<br /> � payrncnt eo Borrower. If a refund reduces priaclpal, che reducilon wil! 6e treated as � partial prepayment witho�t any
<br /> ' prepaymem charge uuder the Note.
<br /> 14. Notices.l�ny notice W Borrower pmvided for in thIs Security Instrument sh�ll be given by delivering it or by mailIng
<br /> it by�irst cless mail unless appiicable law requires use of another method.The natice shall be diracted to the Pnoperty Address
<br /> or any osher address Borrnwer designates by notIce to L.ender. Any crodce to Lender shall be given by first class mail to
<br /> Lender's address stated herein or t�ny other rtddress Lender designates by rtotice to Borrower. My nodcs provided for in this
<br /> , Security Lnurument shall be deemed to have been given to Borrower or Lender when given as pmvided in this parugraph.
<br /> 15.Goveraing I,aw; 5everab9lity. This Security Inshument shap be govemed by federal !aw and die !aw of the
<br /> • jurisdiction ia which the Pmperty is located.In the event that any provision or clause of this 5ecurity instiumem or the Note
<br /> confl�cts with applicable law,such rnnflict shall not affect other pravisIons of th[s Security InYwment or the Note which cun be
<br /> gtven effea without the conflicting provisIon.To thIs end the provisions of tltis Security Instniment and the Note are declared
<br /> to be severable.
<br /> : 16.Bon+otv�'s Copy.Borrower shtill bE given one rnnfomted rnpy of the Note and of this Security Instrument. .
<br /> Form 3028 8/90
<br /> , P�esae
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