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<br /> � 98- ����1����7 � _
<br /> paymcnGti muy no langcr bc rcyuircd,at thc opuon of l.cndcr, it mortgagc insurancc covcrngc(in thc amount and for thc period I ,'
<br /> I thnt Lcndcr rcquires)providcd by an insurcr approved by Lcndcr again bccomcs avct�lublc und is abtained.Borrowcr shall pay thc �
<br /> premiums required to muinutin mortgagc insuruncc in clfcct. a to pravidc a lass rescrvc, until thc requirement for mortgage �
<br /> insuranc�:ends in accordance with any wriuen agreement between Be�rrower and Lender or applicable law. �
<br /> 9.Inspectian. Lcndcr or its ugent may makc resi.sonnblc cntriag upon and inspecti�ns of the Praperty. Lend�r shall givc � . -
<br /> Banowcr noqcc at thc timc of or prior to an inspccdan spccifying rcasonablc causc for thc inspectian. � _
<br /> 10.CondemnAtlon. The proceeds nf any award or claim for damages, direct or wnsequential, in connection with any I _--
<br /> c:ondemnauon or other taking of any part of the Property,or fa conveyance in lieu of condemnation,are hereby ussigned and I �� �
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<br /> shaU bc paid to Lcndcr. � �°"
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<br /> In thc cvent of a totel taking of thc Property,the procecds shall bc applied to thc sums sccu�cd by this Sccuriry Insuument, .,w w
<br /> whether or not then due,with any excess paid w Boaower.In the event of a partial taking of the Property in whlch the fair market •
<br /> valuc of the Property immediatcly beforc the taking is equsl w or grcatcr than the amount of thc sums sccured by this Securiry
<br /> Instrumcnt immedjately before the �aking, unless Borrowcr and I.cnder otherwise agrce in writing, the sums securcd by this
<br /> Securiry Instrumcnt shall bc rcduccd by the amount of thc procad_s muldplicd by dic foUowing fraction:(a)thc total amount of .
<br /> the sums �ured immediatcly before the taking, divided by @) the fair market value of thc Property immediately bcfore the .'�
<br /> taking.Any baL�nce shall tr�paid t4 Botrower.In the evcnt of a partisl taking of thc Property in which the fair market value of the =
<br /> Property immediately tseforc thc taking is lcss than thc amount of the sums securcd immediately before the taking, unless ��_
<br /> Borrower and L.ender otherwise agree in writin8 or unless applicable law otherwise provides,the proceeds shtUl be applled to ihe . __
<br /> sums secured by this Security Instrument whether or not the surns are then due. �
<br /> If thc Properry is abandoned by Borrower,or if,aftcr nodcc by Lender to Borrower that thc condemnor offers to make an :•:.;�� .
<br /> award or settle a claim for damagcs,Borrower fails w respond to L.endcr within 30 days after the date the nodce is givcn,Lender
<br /> is authorized to collect and apply the procceds,at its option,cithcr to restaradon or rcpair of thc Property or to the sums secured , .,�
<br /> �` by this Securiry Instrument,wheihcr or not then duc. "'�
<br /> Unl�ss Lzndcr and Borrower otherwise agrec in writin6.anY apPlicadon of proceetls to principal shall not extcnd or postpone �
<br /> � ', the due clate of the monthly payments refened w in paragraphs 1 end 2 or change the amount of such payments. " ;�.�, •�
<br /> 11.Borrower Not Released;Forbearance By Lender Not a WQiver. Extension of the time far payment or modificadon ';�'` � ��_�
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<br /> of smort�zedon of rhe c��mc secured by this SecuritY Instrumentgranted by I.ender to any successor in interest of Borrower shall _ _��. _ .,,.-
<br /> not operate to rclease the liability of the original Boaower or Borrower's successors in InteresG Lender shall not be required to -- �S�,
<br /> commence proceedings against any sucecssor in interest or refuse to extend time for payment or otherwise modify amottizadon of i.,-.
<br /> the sums secured by this Security Instrument by reason of any dennand made by ihe original Borrower or Borrower's successors :��
<br /> � in interesG My forbearance by Lender in exercising any right a remedy shaU not be a waiver of or preclude the exercise of any ,t �,<
<br /> right or rcmedy. �'�-
<br /> 12.SuccGSSOrs aad Assigns Bound;Joint and Several Liabtlity; Co•signers. The covenants and agrcements of thLs �' �*-
<br /> Socurity Tnstrument shaU bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> � paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Sacurity
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that -y�..==
<br /> Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally abligated to pay the sums -__--
<br /> , ., sec�red by this Security Insuument;and (c)agrees that Lender and eny other Borrower may agree to extend,modify,forbear or �-
<br /> make any accammodadons with regard to the terms of this Security Instrument or the Note without that Borrower's consenG -•- -
<br /> 13.Loan Charges. If the loan secured by this Seturity Instrument is subjcct W a law which se�s maximum loan charges, _ �
<br /> �, and that law is Cnally interpreted so that the interest or other loan charges collected or to be collected in connecdon with the loan ___
<br /> -;,, exceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the ls::-�=:.__
<br /> �� permiued limit;and(b)any sums already collected from Borrower which exceeded permitted limits wiU be refunded to Borrower. .:��:' _
<br /> � Lender may choose co make this refund by reducing the principal owed under the Note or by making a direct payment to �,•X:=�
<br /> Borrower. If a refund ceduces principal, the reducdon will be treated as a partial prepayment without any prepayment char�e —
<br /> � ;� under the Notc. _-----
<br /> � 14.Notices. Any notice to Borrower provided for in ihis Sccurity Instrument shall bc givcn by dclivcring it or by mailing it ;�''�"
<br /> , by first class mail unless appGcablc law requires use of another method.The notice shall be directed to ihe Properiy Address or � �4� „ .:,: 4�� ��
<br /> any other address Borrower designates by notice to Lendcr. Any notice to Lender shall be given by first class mail to Lender's `� �t.:-• �������
<br /> address statcd hcrein ar any other address Lcnder designates by noucc to Borrowcr. Any nodce providcd for in ihis Sccurity �,'F.'.��J'�,'����'k�j�.
<br /> Instrumcnt shall be deemed to havc becn given to Borrower or Lcnder whcn given as provided in this paragraph. .�;,�
<br /> , 15.Governin�Law;Severability. This Security Instrument shall be govemeci by federal law and the law of the
<br /> jurisdicuon in �vhich the Property is locatcd. In tPie event thal any provision or clause of this Security Instrument or the Note � . ,��
<br /> conflicts with applicablc law,such conflict shall not affcct otha provisions of this Sccurity Insuument or thc Notc which can bc , '
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instrument and ihe Note aze declared to
<br /> bc scvcrablc. �
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<br /> i Form 3028 9l90
<br /> � �-6R(NE)i9z�z�.o, Pap�4 0�8 inmeis: �
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