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<br /> , payments may no lunger be required, ut the option uf Lender, if murtgag� in�urance coverube(in t i�c;imount��nd for tlie perfod -
<br />�-yv A�,r `' �� Rhut Lcndcr rcyuires)prnvidcd by un insurcr upprcwcd by 4.endcr again hcc��mrs+�vuilnblc and is obtaincd. Borrowcr shall pay �_
<br /> thc{rrem�um,reyui�-eJ tu main�i►in murtgug�in,urancc in cfTcct,i�r to pro�•ide:i ln,s reserve,until thc reyuircmcnt fur mortgage �_
<br />� insurance cnds in uccordmice with uny writtcn agrcement betwecn Borrowcr nnd l.cnder��r applicablc luw.
<br />,;�� 9. Irtspectlon. l.cnder or its agent may make rcasonablc cntries upon nnd inspections of thc Property. L,endcr shull give
<br />.".� Rorrower notice at the time of or prior to an inspection specifying rcusanuble cause for the inspection.
<br /> . _ __ - , 10. Condemnation. 1 he proceeds of uny aw;�rd or claim fur damuges, direct or conseyuential, in c�nnection with uny
<br />- ,.�� condemnation or ather taking of uny part of the Propeny, or for conveyunce in lieu ��f condenmation, are hereby �ssigned and
<br /> °� shall be paid to Lender. -
<br /> �'F". ' In the cvent of n totnl t:�king of the Property,the proc�eds sha11 be applicd to the sums securcd by this Sccurity Instrumcnt.
<br />:`-:��. whether or not then due,with any excess paid to Borrower. In the event of u partiul tnking af the Property in which the fuir
<br />"��-•.'" market vuluc of thc Propcny immaliately before the t.iking is equal ta or�rcatcr than the amount of the sums secured by this
<br /> , �„ Securiry Instrument immediately before the taking, unless Bvrmwcr and L�:ndcr othcrwisc agrce in writing,the sums secured by
<br /> ���,;��,;��� this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (u) the total
<br /> - '.=-'�;. amount of the sums ser.ured imrnediately before the takin�, divided by (b)the fair market valuc of the Pro�crty immediately
<br />--``�+}��; before the taking. Any balanca shall be paid to Borrower. In the event of a panial taking of the Property in which the feir �
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<br /> =-��';; market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the
<br />�'.;-=;.';:'°� taking, unless Borrower and Lender otherwise agree in writing or unless appticable law othe�vise provides, the proceeds shall
<br />� `';' be upplied to the sums secured by this Security Instrument whetlier or not the sums are then due.
<br />_ �� If the Property is abandons�i by Borrower,or if,after notice by I.ender to Borrower that the condemnor offers to make an
<br /> ��'.`-r:� .
<br />_ -- — award or settle a claim for damages. Bonower fuils to respond to Lender within 30 days after the date the notice is given,
<br />--- �=�-� Lender is authorize�to collect ur►d apply the proceecis,at its option, either to restaration or repair of thc Property or ro the sums
<br /> ._--�_,�� secured by this Security instrum�nt,whether or not then due.
<br /> �r,_�� Unless i.ender and Borto�ver otherwise agrce in writing, any application of proceeds to principal shall not extend or
<br /> --=-== postpone the due date of the monthly payments teferred to in p.�ragraphs 1 and 2 or change the amount of such payments.
<br /> `'°��� 11. Borro�rer Not Releused;Forheantnce By I.ender Not a Wuiver.Extension of the time for�ayment�r modification
<br /> _.a��_� of amortization of the sums secured by this Secunty lnstrument granted by i.ender to any successor in interest of liorrower shall
<br /> -�=•u�.� not operatc to release thc liability nf the original Borrowcr or Borrower's successors in interest. Lender shall not be rea�uired to
<br /> -�r�� commence proceetlings ageinst any successor in interest or refuse to extend time for payment or otherwise modify r.mortization
<br /> �s��� of thc sums secured by this Security Instrumcnt by reason of any demnnd made by che original Borrower or Bonower's
<br /> _— - successors in interes3. Any forbearance by Lender in exercising any right or remady sha3l not be n waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successons and Asstgns Bound: Joint aad Sevetal Liability; Casigners. The covenants and agreements of this
<br /> Securiry Instnrment shall hind and benefit the successors and assigns of l.ender and I3�rrower,subject to the provisions of
<br /> _ paragraph l7. Bonower's covenants and a�reements shall be joint and several. Any Barrower who casigns this Sece�rity
<br /> Instrument but does not cxecute the Note: (a) is co-signtng this Security Instrum�nt only to mortgAge.grant and convey that
<br /> Borrower's interest in the Property under the tcrms of this Security Instrument; (b) is not personally obligated to pay the sums
<br /> secured by this Sccudty Instrumenr,and(c)agrees that Lender and any oth�r Bonower may agrce to extend, modify,forbear or
<br /> make any occommodations with regard to the terms of this Security Insttument or the Note without that Borrower's consent.
<br /> _ 13. Loan Chargcs.If the loan secured by this Securlty Instrument is subject to n law which sets maximum loan chazges.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or za be collected in connection with the
<br /> loan exceed the permitted limits. then: (a)any such loan charge sl�all be reduced by the amount necessary to reciuce the charge
<br /> to die permitted iimit; and (b)any sums already collected €rom Bonower which exceeded pc;rrnitted li�its will be refunded to
<br /> Borrower. L.ender mny choase to make this refund by reducing the pri�cipal owed under the Note or by makin; a direct
<br /> payment to Borrower. [f a re�und reduces principal, the reduction will be treated as a partial prepayment wi�hout an,y
<br /> preplyment chacge under the Note.
<br /> 14. Nottces.Any notice to Fiorrower provided for in this Security Instn�ment shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law eequires use of ano►her metliod. T�e notice shall be dircctc�d to the Property Address �
<br /> or any other address Borcower designates by notice to Lender. Any natice to Lender shall be given by first class mail to
<br /> Lender's address stated herein c,r any other address Lender designates by notice to 8orrower. Any notice provided for in this
<br /> - _- — Security Instrument shall be deerned to have been given to Borrower or Lender when given As provided in this paragraph.
<br /> � �—= IS. Governing Law; Severability. This Security Instrument shal! be govemcd by fed.r,•il law and the law of the �
<br /> ------�- -- jurisdiction in which the Property is located. In the event that any pmvision or clause of this Security [nstrument or the Note
<br /> _.— _== conflicts with applicable law,such conflict shall not affect other provisions�f this Security Instrument or the Note which can be
<br /> ___-- given effect withuut the cos,flicting pmvision. To this end the provisions of this Security Instrvment and the Note are declnred _.
<br /> - -- to be severable.
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<br /> _`^ __� 16.13orrower's Capy.Borrower shall be given one conformed copy uf the Note and of this Security Instrument. �
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<br /> __., -- ;�� Form 3028 9f90
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