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<br /> � paymencs may no longer ae mquired,at the option of l.cndcr, if mortgage insurance covcrage(in the amaunt nnd far thc perial
<br /> - chat L.cnder requires)Nravidcd by an insurer approved by l.ender again bccomcs available and is obtnined. Borrowcr shall pay
<br /> ::{ the premiums required to maintain mongngc insurance in effcct,or to ptovide a loss rescrve,until[lic requiremcnt for mongage
<br /> insurance ends in accordance with any written agreement between Sanower and Lender or applicnble la p..�
<br /> �,�,,,,a� 9. InspecUon. Lender or ita agent may make reasonable entries upon nnd inspections of thc Pro c. Lendcr shall �ive
<br /> •�� Borrower notice at the time of or prior to an Inspection specifying reasonable cause for the inspection.
<br /> � 10. Coudemnation. The proceeds of any a�vnrd or clulm for damages, direct or cansequential, in connection with MY
<br /> , condemnation or other taking af any part of the PropercY, or for conveyance in lieu of condemnation, aze hereby assigned and
<br /> ' shall be paid to Lender. •��
<br /> In the event of a total taking of the Property,the proceede shall be applled to the sums secured by this Securiry Cnstn�ment, ,.�u,:,
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<br /> whether or not then due, wlth any excess paid to BorrAwer. In the event of a partial takiag of the Property in which the feit «�j.
<br /> ,.' market value of the Property iunmedlately before the taking is eyual to or greater than the amount of the sums secured by this r,,�._.
<br /> ��,,�..�.
<br /> Security instniment immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by T^
<br /> ;: � this Security Instrument shall be r2duced by die amount of the prorr.eds multiplied by the following fraction: (a) the towl _'_,�.:_
<br /> �, ___
<br /> • amount of the surav secured immediately before the takl��, dividcd by (b) the fair market vali�e of the Property immediately "�
<br /> y before the k'tking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which�he feir �x--_
<br /> •'` mazket value of tlie Property immediRtely before the taEcing is less than the amount of the sums secured immediately before tde _
<br /> taking, unless Borrower:►nd Lender otherwise agtee in writing or unless applicable law otherwise provides, the proceeds shall j',;_�_.
<br /> � be epplied to the sumg secured by this Securiry Instrunrcat whether or not the sums are then due. _--_
<br /> If the Property is abandoned by Borrower, ot if,after notice by Lender to Borrower that the condemnor offers to make an �.
<br /> award or setde a claim for damages, Borrower fails to res�ond to Lender within 30 days after the date the notice is givea, _
<br /> Lender is author.zed ro collect and�pP1Y thr.nmr,eeda,at its optton, either to restoration or repair of the Property or to the sums �-,_-
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<br /> ••• . � secureQ by this Security Instrument,whedier or not thea due. _
<br /> � Unless Lender and Borrower oth�rwise agree in wdting. any application of proceeds to principal shall not extend or
<br /> - �,, pustpoae the due date of the montWy p$yments referred to in paragraphs 1 and 2 or change the amount of such paymenu.
<br /> n....,..ae..nr...4 y�r�YPr: Fx�encion of the time for payment or modification
<br /> - il.Borrower ivot Fecleased;io�cu�+uce..J =.•.•••-� ..�.° v
<br /> of amorti�tion of the sums secured by this Seciuiry Instrument grauted by Lender to any successor in interest of 63orrower sheli �:
<br /> an
<br />- � not operate to r�lease the liabiliry of the origtnal Boreower or Borrower's successors in interest. I.ender shaU aot be required to
<br /> "�' commence procaedings against any suceessor in interest or refuse to eacend time for payment or otherwise modify umortization
<br />='-��.��-�; : of the sums secured by this Security Instiument by ceason of any dcmand made by the orlginal Borrower or Bonower's
<br />,;;:�,••••:;..' % successors in interest. Any forbearance by Lender in eaercising any right or remecly shall not be a waiver of nr preclude the �._.
<br /> =�.�,;,- exercise of any right or remedy.
<br /> ''�""'�y : 12. Successors and Ass(gns Bound; Joint and Stveral LIa61Uty; Co-stgnere. The covenants and agreements of ihis
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<br /> < Security Insaument shall bind and benefit the successors and assigns of Lender and Bonower, subject to the provisions o
<br /> . _ paragraph 11. Borrower's covenants and agmxweuts shall be Joint aad several. Any Berrower whc cc�-signs this Securiry
<br />- _ ''.`s,�, Insmiment but dces nAt execute the Nace: (a) is co-signing this Securiry Instrument only to mortgage,grant and wnvey that
<br /> -.� Borcowcr's interest in the Property under the tem�s of this Securiry Iastrument;(b)is not personally obligated to pay die swas
<br /> �";������ secured by this Security Instrumeat;and(c)agrces that I.ender and any other Bonower may agtee to eatend.modify.forbeac�r —
<br /> _:��.�'_; � make any accommodations with regard to the terms of this Securiry Instrument or the Note without that Borrower's consent.
<br /> "'�""��L� 13.LoAn C6arges. If the loan secured by thie Securiry instrument is subjxt to a law which sets maximun►loan charges.
<br /> _�,���._.
<br />�:;��;� and that!aw is fwally intergreted so that the interest or other loan charges collecteG or to be collectod in connection wi e _
<br /> =`���'::.��,� loan exceed the pecmttted limits,then: (a)any such loaa chazge shall be reduced by the amount necessary to nduce the cLuge
<br />~--�"'�^'' to the pernutted limit;and(b)anY sums already collecied from Borrower which exceeded perm�tted limits will be refunded to
<br /> ''���� Bonnwer. I.ender may choose to make tbis refund by reducing the principal owed under the Note or by makin8 a direct
<br /> ,v�`'r
<br /> _���.� payment to Banow�r. If a refund reduces principal, the reduction will be treated as a partial prePaymeat without any
<br />-�*''�"i1-'°=Y-� prepaymcnt chazge under the Note. -
<br /> =e�'�--�`-„,.�''���;,._ 14.Nottces.Any notice to Bonower provided for in this Securi.ty Instrument shall be given by delivering it or by�vling
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<br /> -���•`'' it by firat class mail unlcss applicable law requires use of another method.The norice shall be d'uected to the Praperty A s
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<br /> `"'�'.'�'`•'` or any other address Borrower designates by notice to Lender. Any notice to p.ender shall be given by fitst class :n2� to
<br />�.:�t�:c'4�r.,.
<br /> - ;,�;� Lender's address stated herein or any other addmss Lender deslgnates by noticc to Borrower. Any notice provided for in tl�is
<br />�, „' Security Instrument shall be deemed to havc been given to Bonower or Lender when given as provided in this paragcaph. _
<br /> � � 15.Go�erning Law; SeverabiHty. This 5ecur[ty Insirument shall be govemed by federal law and the law ofthe
<br /> � " juriuliction in which the Property is located. In the event that any provision or clause of this Security Insmiment or the Nate __
<br /> �: coaflicts with applicable law.such wnflict shall not affect other provisions of this Securiry Iastrument or the Note which can be -�
<br /> _ , �'. given effect without the conflicting provision.To this end the provisions of this Securiry Instrument and the Note are declared �_-_
<br />_ � � 1 to be severable. �M'�_
<br /> 16.Borrower's Copy.Borrower shall h�e given one conformed copy of the Note and of this Securiry Instrument. : ;
<br /> Form 302�! B/90 }"�=
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