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<br /> t , at the opuon of Lender, if mottgage insurance covecage (in tAe amount and for the period that I.ender reyuires) �
<br />- • . � pmvided by an insurer appro��ed by Ler►der again becomes acailable and is obtained Borro�ver shalt pay the pcemiums
<br /> ` . � � � requirrd to maintain martgage insurance in effect,or to provide a IosS resee�'e, until the requirement for mortgagr �_ :`� ,.
<br /> -- insurance ends in accordsnce with any written agreement Uetueen Sorrower and Lender or applicable lan. .` {f �. .,
<br />- . �_:�:a _ �
<br /> _�, �� 9.Inspection.Lender or its agent may make reasonable entries upon and inspe�.-tions of the Propercy.Lender shall� , _ .
<br /> give Bortower noti�at the time of or prios to an inspeciion s�ecifying reasnnable cause for the inspection. � c _` ' '_
<br /> '.� ' � 10.Condemnation.The praceeds of any award or claim for dasnages,direct or consequential,in cr►nneccion with d ,
<br /> y any condemnation or other taking of any part af the Propetty,or fot conveyance in lieu of condemnation,arc hereby�
<br /> assigned and shali be paid to L.ender-
<br /> � �� In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Secusity� -� ��` �.� _
<br /> � '3 Instrument,whethet or not then due.with any excess paid to Borrower.tn the event of a parciai taking of the Property inl� . . � �
<br /> � � � ' which the fair market value of the Pmperty immediately before the taking is equal to or greater than the amount of th�71
<br /> ; , sums secvred by this Security Instrument immediately before the taking,uniess Bosrower and Lender otherwise agrec� �.r _
<br /> in writing,the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by , '
<br /> �'� . the following fraction: (a)the total amount of the sums serured immediately before the taking,divided by (b}the fair . : - r
<br /> � market value of the Psoperty immediately before the taking.Any balance shalt 6e paid to Borrower.In the event of a �.; ��
<br /> ` � partial taking of the Property in which the fair market value of the Property immediately before the tiking is 1�thas►
<br /> ' • the amount of the sums secwed immediately before the taking,unless Borrower and Lender othetwise agree in writing . —__
<br /> , , or unte� applicable law otheraise provides, the proceeds shall be applied to the sums secured by this Secutity ,-�_,�,,._
<br />:� ; � . Instrument whether or not the sums are then due. � "=
<br /> If the Property is abandoned by Borrower.or if,after natice by Lender to Borrower that�e condemnor offers to �'_a"
<br /> �� ` r make an aNard or settle a claim for damages, Bonower faits to respand to Lerder within 30 days after the date the �,. �
<br />.% .� �. notice is given,Lender is suthorized to collect and apply the proceeds,at iu opumn,either to restoratian or repair of the ,;y,• _• ,�;;�.�^,_
<br /> 4t . . � , . !t.i'l.� "� .
<br /> property or to the sums secured by this Security Instrument,n hether or not then due. '� ��-
<br /> ���',',;,�.s.-:
<br /> 'r � (Jnless Lender and Borrower othernise agree in writing,any application of praceeds to principal shall not extend or •. .�, ,,,-,r
<br /> - `�•�:�- postpone the due date of the monthly paymenu refened to in parag'aphs 1 and 2 or change the amount of such ,.��;`.ra;�:=
<br /> . � payments. T .,.;�,:
<br /> •� � 11. Bono�ver Not Released: Forbearaace By Lender l�ot a Naiver. Extension of the time for payment or �
<br /> • •t. .�. • modi�cation of amartization of the sums secured by this Securet}Instrument granted by Lender to any successot in ;,:,-�.
<br /> • �ntecest of Borrower shall not operate to celease the liabitity of the original Borrower or Borrower's successocs in - �.,.�; �� ���",:,�-;
<br /> ,i,:c�_
<br /> ' � interest.Lender shall not be required to cornmence proceedings sgainsc any successor in interest or refuse to extend . �s
<br /> time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any , . �
<br /> � d�and made by the original Borrower or Borrower's successors in inierest.a�as forbearance hy Lender in exercising ,.;'. �,";Y �%��
<br /> • t YY R.
<br /> � ' ' an��ight or remedy shall not be a waiver of ot precluda the exercise of any right os remedy. ,;a;r_
<br /> �,` 12.Successors attd Assigns Bound;Joint and Several Liability;Co-sigaers.The covenanu and ageements _,
<br /> • "- "- " �� of this Securit5'Instrument shali bind and benefit the successors and assigns�f Lender and Borcnwer,subjert to the _ , :^��
<br /> • � provisions of paragraph 17.Borrower's covenants and agreements shall be joint and several.elny Borrower wha co-signs , � ��_`bi,�-_
<br /> this Security lnstrument but does not execute the Note: (a) is co-signing this Security Instrument on ly to mo r tgage. •. ��_
<br /> ., grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not . � --'—;�,�-
<br /> ' persanalty obligated to pay the sums secuted by this Security Instrument;and (c) agtees that Lendet and any other . __
<br /> �� � Borrower may agree to extettd,modify,forbear or make any accommodations cvith regard to the terms of this Security °�.
<br /> � Instrument or the Note withoot that Borrower's consent. :. . _y�-
<br /> : ` { • 13. Loan Cbarges,lf the loan secured by this Security Instrument is subject to a law which sets maximum loan ; . �-
<br /> ( charges. and that law is�nally interpreted so that the interest or other loan charges collected or to be colleeted in
<br /> �+ wnnection with the loan exceed the petmit t e d limits,t hen: (a)any s u c h l o a n c h a r g e s h a l l b e r e d u ce d h y t h e a mou nt
<br /> , � necessaty to reduce the charge to the permitted limit; and (b) any sums already collected from Borrocver which : . . , -
<br /> exceeded permitted limits wi11 be refunded to Bonower. Lender may choose to make this refund by reducing the
<br /> � principal owed under the l�iote or by making a direct payment to Horrower.lf a refund reduces principal,the reduction -
<br /> �,� will be treated as a partial prepayment cvithout any prepayment charge undet the Note.
<br /> 14. Notices.Rny notice to�3orro�ver pravided for in this Security Insttument shall be given by delivering it or by • ..
<br /> • . mailing it by first class mail unless applicable law requires use of another method.The notice shall he direct e d to t he .
<br /> • � � Property Address or any other address Bosrowe�'designates by notice to l.ender.�ny notice to I.ender shall be gir•en by
<br /> " first class mail to I.ender s address stated herein or any other addre.ss l.ender designates by notice to Aorrower. Any
<br /> t • `; � r.otice provided tor in this Security Instrument shall he deemed to have been given to Hormwer or I.ender when given •
<br /> as grovided in this paragraph. . •
<br /> ;��.� . 15.�Governing l,aw;Severability.This SecL:tity lnstrument shall be governed by federal law and the law of the
<br /> � • . jorisdiction i^which the Yroperty is located.In the event that any provision or clause nf this Se�:urity lnstrument or the
<br /> � � Note conflictS�ith applicable taw,such cc�nflict shall not affect other provisions of this Seeurity lnstrument or tAe l�tote , . .
<br /> ' which can be given effect without the cn-:fticting pr��vision.7'o this end the provisinns of this Security Instrument and .
<br /> � I the Nute are declateci to L�r severable. � �
<br /> .�
<br /> • . � Form 3028/ �9/9/0X1� � � .
<br /> � � �—BHINElreao3�.o� CVNE OV06/98 3:35 PM 0063552051 °ia'°°'e INN6tl� .(� n_Nl"�' '
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