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<br /> paymenta may no longer be requtred.nt the option of Lertder,if mortgage insumnce coverAge'(in the amount and for the per�od
<br /> tlutt Lender requires)provided by an insurer Approved by Lender a�ain becomes available and is abtainod. Aorrower FhaU pay
<br /> tha premiuma required to maintain mortguge inaurnnce in effect.ar to provtde a loss rescrve,until the requirement for mortgage
<br /> insurance ends in accorduncc with any wricten ugrcement between Borrower und L.ender or applicuble law. _
<br /> 9. Inspectton,I..�nder or!ts agent muy make reasonuble entdes upon und impections of thc Property. Lender shall give
<br /> Borrower notice at the time of or pr�or to an inspection specifying rcasonable cause far tha insp�tion.
<br /> 10.Cnndem�atl�a.The procee�s of any award or clnim far damage�. direct or consequential, in co�ection with any
<br /> condemnatiun or ather Wkin�of any part of the Praperty.or for conveyance in lieu of conJemnation,arc hcrcby assign an
<br /> �
<br /> shall bP paid to Lender.
<br /> In the event of a totel taking of the Property.the proceeds shall be applie�to the sums secured by this Securiry InstNment.
<br /> whether or not then due,with any excess paId to Borrower.In the event of a partial taking of the Property in which tke fair
<br /> a�arket value of the Property immediatelY before the teking is equal w or greater than the amuunt of the sums secured by this
<br /> Security lnstrument immediately before the taking.unless Borrower and I.ender otherwise agree in writing.the sums secured by
<br /> this Security In3m�mont shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total
<br /> amount of the sums secured immediately before the taking,divided by (b)the fair market value of the Property immediately
<br /> befare the taking. Iu►Y balance shall be paid to Borrower. In the event of a partial teldng of the Property in which the fair
<br /> market value of the Property immediatelY before the taking is less than the amount of the surtu secured imme�iately before the
<br /> tuking� ua(ess Borrower and Lender otherwise a�rce in writing or unless applicabie law otherwise provides,the proceeds snall
<br /> bc applied to the swns secured by chis Security Inst�ument whether or aot the sums are then dae.
<br />� If the Feoperty is abasdoned by Borrower,or if,after norice by I.ender to Bomower that the oondemnor offers to make an
<br /> award or settle a ckim for demages.Borrower fails to respond to Lender whhin 30 days after the date the nodce is given,
<br /> Lender is authodzed to collect and apply the proceeds.at it�option,either w restoratIon or repair of the Property or to the sums
<br /> secwed by this Secwity Instrument,whether or not then due. �{�tion of roceeds to rinci al shatl not extend or
<br /> Unless I.ender and Borrower otherwise agree in wridns. eny app p P P
<br /> pastpone the due date of the monttdy payments refemed to in psuagraphs 1 end 2 ar change tho amount of such p3yrnants.
<br /> 1 i.Bornuwer Not Released;Forbearance By I.ender Not a Waiver.Bxtension of thc t�me for pt►yment ar modificatlon
<br /> of amorti�ation of the sums secured by thia Security Instrument granted by Lender to any suocessor in interest af Bortawer shall
<br /> aot operate to reteasc the liability of the ori�innl Honowet or Borrower's successors in interest. Lender shall not be required to
<br /> conunence proceedinss u�ainst any sucressor in interest or refuse ta extend time for payment or othenvise modify nmoniuition
<br /> of the sums secured by this Secudry Instrument by reason of uny demund made by the ariginal Borrower or Bnrrower'»
<br /> ti�����}��, q�� gQ��rr by Lender in exercising any right or remedy sh�ll noi be u watver of or precl¢de thG
<br /> exercise of any ri�ht or ren�edy.
<br /> 12.SuorESSOrs snd Assigns Buund+ Joint and Several LiabUtty; Co-signere. The covenants aad agrcxmenta of thls
<br /> Security Instcument shall bind and benefit the succeasors and assigns of Lender and Boaower. subject w the provlstons of
<br /> patagraph 17. Borrower's covenants and agreemente shall be joint snd several. Aay Borrower who co-slgas this Securlty
<br /> Iasttument but does not exerute the Note: (a)Is co-signing this Securlry Instrument only to mortgage. grant and couvey that
<br /> Boaower's iaterest in the Property under the terms of this Security Insuun►ent;(b)is not persoaally obligated to pay the sums
<br /> secuned by this Seauity Instrumeat:and(c)agrees that Lender and any ather Horrower may agree to extend,modify.forbear or
<br /> m��y�omc�odauons w(th regerd to the temns of this Security Instrument or the Note wtthout that Borrower's consent.
<br /> 13.Loatt C69rges.If tke loan secared by this Secw3ty Insawnent is subject to a law which sets maximum loan charges.
<br /> and shat law is finally interpreted so that the interest or other loan cherges colleMecl or to be collected in conne�don with tfie
<br /> loan execed tDe pemutted limies,then: (a)any such loaa charge shall be reduced by the amount necessary to reduce the charge
<br /> to the pennitted limit;and(b)eny sums a[ready coll�from Bornower which exoeeded perm[cced lintiEs arill be refunded to
<br /> Borrower. LRnder may choose to make this refund by reducing ttie principal owed under the Note or by making a direct
<br /> . payment to 8orrower. If a refund reduces principal. the reduction will be ueated as a partial PrePayment without any
<br /> prepayment ci�argeunder the Note.
<br /> 14.Nusices.My nodce to Bonower provided for in this Secwity Insnument shall be B►�en by delivering it ox by matlfng
<br /> it by first class azail�3nless aprlicable law requires use of aaother inethod.'I7►e notice shall be diracted to the Property Address _
<br /> or any other address Bor�+ower designates by norice to Lender. My notice to Lender shall be given by first ciass mail to
<br /> Lender's addrESS stated herein or any other address Lender desigaates by nodce to Borrower. My notice providal for in this
<br /> Security Instnunenc shali be deemed to have been given to Borrower or Lender when given es pmvIded in this paragraph.
<br /> 15.Governing Law; Severabflity. This Security Instrument shall be govemed by federal luw and the law of the
<br /> . jurisdiction �n which the Pcoperty is tocated• In�he event that any provlsion or clause oF this Security Inswment or the Note
<br /> conflicts with applicable law,such conflict shall not af€ect uther provlsiona of this Security Instmment or the Note which can be
<br /> given effect wltliout the oonflictiag provision.To this end the provislons of thia Secudty Instrument and the Note are decla�d
<br /> to be severable.
<br /> 16.Borrowa's Copy.Borrower shall be given one conformc�f cupy of the Note and of this Security Instrumem.
<br /> Form 3028 8l90
<br /> Pego 4 M 8
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