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<br /> paymcnts may no longer be rcquired. at ttic option of L.cnder,if mortgage insurance coverage(in the ount an or p
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<br /> that Lendcr requires)provided by an insurcr approved by Lender again becomes available and is obtained. Bunower shall pay
<br /> � the premiums required to maintain mon�age insurance in effect,or to provide a loss reserv�,uatil the requiremenc for mortgage _
<br /> j insurance ends in accordance wtth any wrinen agreement between Borrower and Lender or applicable:aw.
<br /> . 9, Inspection. Lcnder or its agcnt may make reasonable entries upan and inspections of the Property. Lcnder shall give ' �
<br /> jBonower notice at the tlme of or prior to an inspection specifying reasonable cause for the inspection. .'�. �
<br /> I 10. Condemnatton. The praceeds of any award or claim for damages, direct or cansequential, in connection with any
<br /> condemnation or other taking of any pan of the Property, or for convcyattce in licu of condemnation, are hereby assigned and ' � _
<br /> " ' shall be paid to i.ender. :'• t`";�i.i�
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<br /> ,�,,,,�..w In the event of a total taking of the Property,the proceeds shall he applied to the sums secured by this Security lnstrument. ,�„ .. .•.. _
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<br /> *+► ' w he t he r o r n o t t h e n d u e, with an y excess paid ta Bonower. In the event of a paztial taking of the Propeny in which the fair �: , � �.
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<br /> mazket value of the Property immediately before the taking is equal [o or greater than the amount o f t he sums s e c u r e d b y t h i s '';�','+ �-�k�3�':�
<br /> Secutity Instrument imme d ia t e l y b e f o r e t h e takin g,unless Borrower and I,ender otherwise agree in writing,ths sums secured by ,,,�,���_
<br /> �i this Securlty Instrument shall be re duc e d by c he a mount of the proceeds multiplied by the following fraction: (a) t h� rot a l ���^___._�--�-
<br /> # umount of the sums secured immediately before the taking, divided by (b) the fair market value of the Propercy immediately ,.;�.�__ �
<br /> i b e f o r e t h e t a k i n g. A n y balance shall be paid to Borrower. In the event of a partial taking of the Propercy in which the fair --_
<br /> # market value of the Property immediately before the taking is less than the amounc o f t he s u m s s e c u r e d i m m e d i a t e l y be f o r e t h e :_•:�.
<br /> taking, unless Borrower and Lender othenvise agree in writing or unless applicablc law otherwise provides, thc procecds shall a^u
<br /> _ � '� be applied to the sums secured by this Security Instrument whether or not the sums are then due. :''�;�.-
<br /> ' If the Propcny is abandoned by Bortower, or if,after notice by L.ender to Borrower that the condemnor offers to make an �:;��'��:°
<br /> # award or se[tle u claim for damages, Borrower fails to respond to Lender within 30 days after the datc thc notice is given, ;:�.�3``
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<br /> '. �� L.ender is author�zed to collect and apply the proceeds,at its aption, either to restoration or repair of the Property or to the sums �T.
<br /> secured by this Security Instrument. whe�her or not then due. . _
<br /> Unless L.ender and Borrower othenvise agree in writing, any application of proceeds tu principal shall not extend or �L��l
<br /> ��-
<br /> � postpone the due date of the monthly payments referred co in paragraphs 1 and 2 or change the amount of such payments. 4 .
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension uf the time for payment or modification ���•,y,..
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<br /> of amortization of the sums secwed by this Security Instrument granted by Lender to any suceessor in interest of Borrower shall
<br /> �' not operate to release the liabiliry of the original Bonower or Borrower's successors in interest. Lender shall not be required to �`,
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or othenvise modify amortization :-� ��,_
<br /> �. of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's G�.
<br /> i. _ ����Psaorc in interest. My forbearance by l.ender in exercising any right or remedy shall not be a waiver af or preclude the •��,:
<br /> � exercise of any dght or remedy. "°�
<br /> � 12. Successors und Ass(gns Bound; Joint and Several Ltability; Co-signers. The covenants und agreements of this ����'y_—
<br /> � Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subjecc to the provisions of �,.�
<br /> r' . paragraph 17. Bonower's covenants and agreements shall be joint and several. Any Borcower who co-signs this Security ^_
<br /> �" Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, granc and convey chat — ��
<br /> ;� Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums —��
<br /> f secured by this Securiry Instrument;and(c)agrees that Lender and any ocher Bonower may agree to extend. modify,forbear or �_
<br /> 1�. make any accommodations�vith regard to the terms of this Security Instrument or the Note wlthout that Bonower's consent. '
<br /> 13.Loan Charges• If the loan secured by this Security Inscrument is subject to a law which sets maximum loan charges, _
<br /> �: and that law is finally interpreted so tha[ the interest or other loan charges wllected or to be collected in connectioa with the
<br /> loan exceed the permitted limits, then:(a) any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> �� to the permitted limit;and(b)any surns ulready collected from Borrower which eacecded permitted limits will be refunded to
<br /> �' Bonower. Lender may choose [o make this refund by reducing the principal owed under the Note or by making a direct
<br /> �. payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> � 14.Notices. Any notice to�orrower provided for in this Security Instrument shall be given by delivering it or by malling
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be dtrected to the Propetty Address
<br /> �• or any other address Bonower designaces by notice to l.ender. Any notice to Lender shall be given by first class mail to �_
<br /> Lender's address stated herein or any aher address Lender designates by notjce to Borrower. Any notice provided for in this i
<br /> � � Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. ��,
<br /> � 15.Governing I.aw; Sererabillty. This Security Instrument shall be governed by federal law and the law of the �
<br /> jurisdiction in which the PropeRy is laated. ln che event that any provision or clause of this Security Instrument or the Note ' �L
<br /> •, ; conflicts with applicable law, such conflict shall not affect other provisions of this Security lnstrument or the Note which can be ;.5._
<br /> �I given effect without the conflicting provision. To this end the provisions of this Security Insttument and the Note are dec:lared „ �kf'.:.
<br /> to be severablc. '`'•
<br /> .� 16.Borrower's Copy. Borcowershall be given one conformed copy of the Note and of this Security Instrument. �:�.�"i:;:„
<br /> I Form 3028 8/90 �� '•'Y'�"` �
<br /> Pape a o�6 inmais:�
<br /> i �•BRINEI ie�+zi.oi
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