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<br /> � payments►nny no longer be required,ut the option ot Lender, if mortgage Insuronce coverag,�e(in the nmount �nd for the perioci
<br /> tlint L.cndcr rcquires)provided by an insurcr approved by Lendcr agaln bccomes availnble nnd is abtained. Borrower shall pay
<br /> the premlums required to mnintnin mortsage insurance in effect,or to provide a loss reserve,until the requirement for mongage ,,
<br /> insurance cnds in accardancc with m�y wriuea agr::mcn:hem�ean flo3ro���er nn�i.ender or app
<br /> licable luw. ��
<br /> 9, Ir�pectton.I.ender or its agent may make reasonable entries ugon and inspectlons of the Propercy• I.ender shall give _
<br /> Bonower notice nt the time of or prtor io on enspection snecifying reasonable cause for the inspecdon. _-
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<br /> �"� 10. Condemnatlon. 7'he proceeds of any a�verd or claim for damages. direct or consequential, in connection with any
<br /> ' '"" '"�` wnde►nnation ot othcr taking of atry part of the Property,or for conveyance in l ieu o t c o n d e n a n a t i o n, a r c heccb y assi gned nnd _
<br /> shall be paid to l,�nder.
<br /> In the event of a cotal takin�of Qie Propecry, the proceeds shnll be a�plied to the sums secured by thls Security Instrument, ,
<br /> ' whether or not then due. with eny excess paid to Borrower. In the eveat of a partiaY taking of the Property ln which the falr ti;<::~'
<br /> niarket value of the Proparty immodlately before ttn taking is equsl to or greater than che amount of the sums se.cured by this
<br /> ;4,. Sr.curity Instrnmess i�nmadintely befoee tbe taking. unless Borrower and Leader otherwise agree in tivdting,the aums securer!6y �':_.;_.__.
<br /> `��,';i. this Stcurity Insuum�nt chall be reduced by the wnount of the groceeds multiplied by the following fraction: (a) the totc�l -
<br /> `� `* amount of the sums secured immediately before the taking. divided by (b) the fair market value of the Property immediately a�
<br /> �: Sn� M
<br /> w° before the ta�Cing• Any balunce sha11 bc paid to Borro�yer. in the event of a partia.l taking of t6e Propecty in which the fair -
<br /> ' �:''c?..
<br /> . , market value of the Property immediately before the taking is less thau the ar�ount�f th:sums�ecured immediately befon the �.�_
<br /> ' ,;. �:. teking, nnless Bonower and Le�tder othenvise agree in a+ritlnB or unless appllcable law otherwise provides.ide proceeds sha11 �?:;,,;-
<br /> ' �"' be applied to the sums socured by this 5ecurity Instrument whether or not the sums are then due. x -
<br /> . " If the Property is abandoned by Borrower,or if, after notice hy Lender to Borrower that the condeumor offers to make an �:;�
<br /> award or settle a claim for damages, Bor[�wer fails to mspond to Lender within 30 daYs after the date the nodce is given. v_
<br /> L euder is authorized to collect and apply the proceeds. at its option. either ro restoratiou or repalr of the Property or to the sums ��..r
<br /> ��i�'
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<br /> • •• � secured by this SecuritY Instnar►ent,whsther or not then due. licacion of rocceds to principal shall uot extead or --
<br /> � � Unless I.ender and Borrower othenvise agra in writing, any aPP p • _.
<br /> '�t. postpone the due�ate of the monttily paymenta refeaed to in paragraphs 1 and 2 or change the aueount of such payments.
<br /> r"" � 11.Bomower Not Iteleased;Forbenrance By Lender Not a Waiver. Extension of the t[me for payment or modificatfon _
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<br /> •'' • _ :�;._ of amortization of the sun�s secured bY th�s Security Instrument granted by 3xnder to any successor in iaterest of Borrower s _
<br /> aot operate to nlease the liabiliry ot tiie originai �ocrowc�o,�,.-�u��r'o�u�•`•Qr� '—"'-rt�'pst.L.ender shnll not be required to ,�<:�
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<br /> --j'r . ��"'�•:� con�mence procecdlnSs against any successor in interest or refuse to extend time for payment or otherwise modify amortizatiQ�
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<br /> ::�J.�' �•, of the sums r�cured bY this SxuritY lnstrument by raason of any demand made Ly the original Borrower or Bonower s
<br /> �' f`':'l't �:�:
<br /> `':^.�:�:: • successors in interest. Any forbearance by Lender in exercising any r�ght or nmedy shall not b�a waiver of or preclude tte�
<br /> :.:;,ft��f}4`t�:;;p:,;. .
<br /> r;,:�:,, exetcise of any right or remedy.
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<br /> -:::;x,.'z.,•,,; 12. Succes.�is �nd A�ss�Sng Bow►d; Jolnt and Sev�ral Liability; Co-stgn�s. The covenants and agree�ents o r'�•is
<br /> ���,c:b,;,..:..ti. ..
<br /> _,,,�,,,. : � . Securjty In,gttumeat uht�l bind and benefit the succr.ssors and assigns of Lender �ind Horrower, subject to the provisior,:� w.
<br /> ---.��+:..�_�� paragraph 1'7. Borrvwer's covenanu and Agreamcnts shall Ue joint amd severa9. �1ny Borrower who co-sigins thia Securizv
<br /> �'� •�_' Insuument but e�oea not execute the Note: (a)is w-signing this Security Instnu�:,sa only'�to mortgage,grant and convey that
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<br /> Bonower s interese in the Froperty under the terms of this Secucity Instrument;(bD 'as not personally oUliga.ted 2o pay the suan�
<br /> =':'''�'r� �.. s�cureci by this Securtty instPUnent;and(c) agcees that Lender and any other Borrosvzr aoay aSrce to extend.mc�dify,forbear or
<br /> �•="�-=�_::�� make any accommodatioas with regud to the tenms of this Secudry Instrument or the Note without that Borrower's consent.
<br /> - "`'�'"s'�''�� 93.I.aan Cdarges.If the loan secur�d hy this Security Instniment ts subject to a law whtch sets maudmum loan charges, _
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<br /> --�_;;_� and thaY law is finelly inurpretrd so Wat the interest or other loan charges w11rA:tcx1 va w�:�allccte�!in co��s�nu E"i�t--'
<br /> -���� loan excad the permitted limits.then: (a)any such loan ehazge shall be reduced by die unount nocessary to reducx the chazge
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<br /> .,�r�.+.. to the permitted limit; and(b)any stuns already wllectecl from Borrower which e��eded permitted limits wUl be refunded to
<br /> �:�ti�yi'.;.;;� Bonower. Lender may choase to malce this refund by reducing the prineipal o�ved under the Note or by rna�cing u direct
<br /> _;-��;'' ; ? payment to Borrower. If a refund reduces principal, the recluction will be ueated as A partiat p�epayment without any
<br /> —�'�'�' k�' prepaycnent charge under the Note.
<br /> -�'�'��'�,;� 14.Notices.Any notice to Borrower pcovided for in this Security Instnun�at sli�ll be given by delivering it or by mailing
<br /> '`'' it by first class mail unless applicable law rcquires use of aaother method. The uA��e sb�ll be dfrected co the Property Address
<br /> ���t.'�.� --_
<br /> �=�'-•''�•w�'�r�` or any other address Bonower designates by aotice to Lender. Any notice to �1..:ender shall be given by first class mail to
<br /> � '."'.'wr�'.f�d�i,J. s
<br /> - -- •�tl ' L.ender s address stated herein ar any other address Lender designates by notice ta Sonower. Any nottce provided for in s
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<br /> • ��*�=�� Srcuriry Instniment shall be deemed to have been giveu to Borrower or I.ender wben given as providcd ia this parugraPh•
<br /> -� 15.Governfng Law; Severabtlity. This Security Inscrument shall be govemod by federat law aad the law of the
<br /> .�,' � • jurisdictfon in which the Property is located.In the evont that any provision or clause of this Security insmiment or the Note _
<br /> ; . ',,.��.,,.; conflicts with upplicable law,such cax�flict s�all not afifect other provisions of tbis Securtty Instrument or the Note which can be
<br /> � ;�;�;,;:.�; given effect without the conflicting paovieian. To this end the provisions of this Security Insuument and the Note are declated
<br /> �'':;�:•:�;�� to be severnble. __
<br /> .��; .. '�•t t(,gorrower+s Copy,�onowar shall be given one conformed copy of the Note;wd of tl�is Securiry Instrument. _ _
<br /> � form 302 9/90 �`
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