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<br /> ' payments may na longcr be required,at the option of Lender,if mortgage insurarrce covcrage(iq the amaunt and for the period
<br /> " that Lcnder reyuirea) provided by an inaurer approved by I.ciuier again becomes availablc and is obtained.Borrower shall pay
<br /> -L� � tne premiums required to rnaimain mottgage insuran�,�c in efPect.IN lU�IIUVIYC il IUS�IG�CIVV�u��til ii�c��uiiea�nt for r�i:,rt�u�c .
<br /> � incurance ends in accordence with any written agrcement between Borrower and Lender or applicable law.
<br /> 9, lnspectlon. I.ender or its agent may make reasonable entries upon and inapections of the Property. L.ender shall give
<br /> Borrower notice at the time of or p�ior to an inspe.etion specifying reasonabla cause for the inFpection.
<br /> 10. Condemtwtton. The pmceeds of any award or claim for damages, direct or consequential, in connectian with any
<br /> co�demnation or other talcing of uny part of Ihe Property,or for conveyance in lieu of condemnation, are hereby assigned end
<br /> _ �Iwll be paid to l.ender.
<br /> � In the evcnt of a tWal taking of the Property.the proceedx shsll bc applied to the sums secured by this Secudty Instrument,
<br /> — ,. .—�— whether or not then due, with any eacess paid to tlarrower. in the event of'a partial taking of the Property in which the fair
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<br /> ��:�3s�..;� market value of the Propeny immediately before tbe taking is equal to or greater than the amount of thc sums secu�ecl by d�is
<br /> _ _ _ -��.x.�•;.;,� Security Instrument immedietely before the taking,unless Borrower and I.ender otherwise agree in writing. the sums secured by
<br /> _�"�.,�..�.�-� '"�-==L°'� this Securlty Instrument siiell be reduced by the amount of the proceeds multiplied by the following fraction: (a) fhe rotel
<br /> — � - amount of[he aums a�ecured immedisieiy beiore the iaking, diviJetl by (b)U� Pttir markel raiuc uf ilin Pw{.city i�iui-�:xiiately �
<br /> — �� before the taking. Any balance shall be paid to Horrower. In the event of a paniul teking of the Praperty in which the fair
<br /> =�'-}°�"�� market value of the Property immediately before the taking ia less thun tha amount of the sums securecl immediately before the
<br /> ��'° - teking, unless Borrower and L.ender otherwise agree in writing ar unless applicable law otherwise provides,the proceeds shall
<br /> -- ,,.;• be apptied to the sums�xurc�i by this Sccur�ty Instrumcnt whcthcr or not thc sums are thc��Juc. `
<br />- - �x��-'' �-•�;� If the Property is abandoned by Borrower,or if,after notice by l.ender tn Horrower that the candemnor offers to malce an _
<br /> ���'' ."`"�` award or settle a clpim for dnniages, Borcower fails to respond to Lender within 30 duys nfter�he datc the notice is given,
<br /> � '�'-'_�'•�%'' � [,endcr is authorized to collect and apply the praceeds,at its option.either to restoration or repair of the PropeRy or to the sums
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<br /> secured by this Security Instrument.whether or not then due. -
<br /> Y.��'�"W°`°"`'� C►nlcss Lender and Bormwer othenvise ngree in writinQ, eny nprlMalion nf prncex,de to principal shall nnt extend or
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<br /> . postpane the due date of the monthly payments referrcd to in paragraphs 1 und 2 or change the amount of such payments.
<br /> °�� y � 11.Borrower Not Released; Forbearence By I,ender Not a Walver.Bxten�ion of the time for payment or madification
<br /> _-' �`'��•` .�; � :
<br /> -��� ° of amorti�ation of the sums securcd by this Security Instniment gtunted by Lender to any successor in interest of Borrower shall
<br /> �����,��:�. � �� �"�� not operate to release the 1 iability of the original Borrower or Borrower's successors in interest. L.ender shall iwt be required to
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<br /> ���,!�3� ., �. commence proceedings against any successor in interest or refuse to extend time for payment or othenvlse modify amortization
<br /> -�� `'`:w'`=�'• ' of the sums secured by this Securiry Instrumcnt by reuson of any demimd made by the original Borrower or Barrower's
<br /> _•�.�.�:_� ��-'�� successors ln interest. Any forbearance by Lender in exercising any right or remedy shell twt be a weiver of or preclude the
<br /> '� T � '� �"� � exercise of any right or rernedy.
<br /> - . , �.� " ° 12. Succesw�rs end Assl�ns Bound; Joint and Several Liabiltty;Co-signens. The covenants and agreements of this
<br /> '�~ � Security Instrument shall bind and benefit the successors and assigns of Lerxler and Borrower, subject to the pravisions of
<br /> �ct- d o '' . -
<br /> .��_ ,_� paragraph 17. Borrower's covenants and agreements shall be joint und several. Any Borrower who co-sigm this Security
<br />-==�`'� a��i � � . � Instrument but dces not execute the Note: (a) is co-signing this Securi�y Instrun�ent only to mortgage, grant und convey thut
<br /> _ �'�'-� ; Borrower's interest in the Property under the terms of this Securfry lnstrument; lb►is not personally oblig�ted to pay the sums
<br /> `�br:�'�. � ��4+-, secured by this Security In�trument; und(c)agrees thnt Lcndcr and uny other Borrower muy ugree to extcnd,im�dify,fixbear or _.
<br /> _ ° make any accommadutions with regurd ta the tertns of this Securi�y Instrument or the Note without that Borrower's consent.
<br /> _• "'�`'"�""' ' '�"'" 13. I.oan Chwr�es. If the loun secured by this Securiry In,irument iti tiubjcrt ta a law whirh sets muximum loan churges,
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<br />_-,. �.'.='='=' .='�-4 �u�J Qiat law is fivally iuluprcteJ tiu th�t tlic iutere�t ur utl�e� iuun char�e�cullccted or to be coUected in connection with the -
<br /> _�, . :�" � lonn exceed the pr.rmiucd limits,thcn: (a)uny such I�mn churgc shull ln reduccd hy thc um�wnt necc�ssary to reduce the charge =
<br /> �tif . " �r • . to the permitted limit; and Ib)any sums alreudy c��IlecteJ from Borrower which exceeJed permitted limits will bc refundecl to °
<br /> " ' ��� . &�rrower. Lrnder may chcxise to makc this refunJ by r�luring thr principal owcd undcr the Nute or by muking a direct _
<br /> " ""�'' ' e mcnt tu &►rrower. If � refund reduces rinci ul, thc reciuctK�n will be trr��ted a� u urtial re a ment wlthout an
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<br /> J: ��� .. =r prepayment churge under tbe Notc.
<br />-� . � ' '` 14.Notteec. Any notice to Borrower pri�vided for in Ihi+Security Instrunxnt xhull be given by delivering it or by mailing -
<br /> - . " � it by first class mail unless applicuble law reyuires usc of•rnother methoci.The noticc rhall be dirc�ted to the Property Address
<br />_ e,,,,;_, ..H'. o, any other addretis Borrower designates by notice to l.cnJer. Any nWicc to l.cndcr shull bc given by first class mail to =
<br /> � - Lender's uddress sluted herein ur uny uther adJresx I.cnJer de�ignute�by notir. tu eorrower. Any notice provided for in this =
<br /> '�4�5 ��'r ' Security Instrumcn�shall be dcemed to have been givcn to eorruwcr or l�ixicr whcn givcn as provideJ in this parugruph.
<br />.,..� . � _
<br /> :;, • � ,, 15.Governing [.�w; Severability. This Sccuriry Instrument tihull he governeJ hy I'cdrrul luw and ihe law of the
<br /> :��et�?`-. ���:t:__:.._ )urisdic�iun in which the Property is I�xruted. In the even�th�u nny provision or clautic of thiti Sc�wity lu.l�w�ir��l ur d�e Nole `
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<br /> • „ con(licts with upplicable luw,�udi conflict shall nut affect uther pruvi�ions��f this Security Intitrunknt or thc Nate whinc �un be
<br /> ^ � ° ' " . ' given effect withuui d�e ccmflirting provision. To thfs end thc provisic►ns��C thi,Security Instrunxnt und the Note are declured
<br /> � � to be severublc. -
<br /> ,j�•. lb.Borrower's Cupy.Burn►wer+hull lx givcn uik r�ml'orm��l cupy��f thc N�ne und uf this Security Instrument. ;
<br /> ° . Fam 3028 9/90 �
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