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<br />_ � Fayments may no longer be required.ac the option of Lender, if mortgage insurance rnverage 1 in the amount and for the period V\� `_
<br /> ` ` � ` that Lender requires)providecl by an intater apPmved by Lr_nder again 6ernmes available:uid is obtained. Barrower shal! pay ��,�F ';
<br /> � � the premiums requ�red to maintaim m�rtgage insurance in effect.or to provide a loss reserve.untii the requirement for mortgage
<br /> '��` • insurance ends in accordance with any written agreement between Borrower and i.ender or applicable law-
<br />- - _ 9. Inspectfon. Lender or its agent may make ceasonable entries upon and inspectians of the Propert}•. Lender shall give , �.�.'`;
<br /> '� .-��"� Borrower notice at the titne of or prior to an inspecuon specifying reasonable cause for the inspectian. __. .
<br /> �( - - -. If1. Condemoatioit•77ee Proec�eds of any award or elaim for damages. direet or consequential, in connection with any .
<br />-F.� , condemnatian or other taking of any part of the Propeny,or for wnveyance in lieu of condemnation,are hereby assigned and , , ,
<br /> �'• � . - shall be paid to Lender. -.�� � � .�°..'Y f
<br />''' �� In the event of a total taking of the Property,the praceeds shall be applied to the sums scxured by this S�urity instrument. : .
<br /> :s� ,
<br /> , whether or not then due,with any excess paid[o Borrower. In the event of a partial taking of the Property in which the fair "','�� -
<br /> ''�;: • , � market value of the Property immediateiy before the taking is eqnai to or greater than the amoum of the sums secured bY tfis
<br />_,.;
<br />°-i,,. ,- Security Instrument immediately befure the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by
<br /> ��� . - this Sesurity Instru�nt shall be reduced by the amount of ihe praceeds multiplied by the following fraction: (a� the total '.`:-
<br />_•:�,• ` y pe tmmedialel ''�r <_`•u;-�';
<br /> t , �, ` amount of the sums secured immediately before the taking.divided b (b> the fair market value of the Pro rty� Y _
<br /> -"'� before the taking. Any balance shall 6e paid to Borrower. Ia the event of a partia!taking of the Property in which t6e fair =_
<br />�t�; .-=-:" �' � "�'} market value of the Propercy immediately befere the taking is less than ihe amount of the sums secured immediately before the .
<br /> -,• .,
<br /> :�� _ ca..'�g, unless Borrower and Lender otherwise agree in writing or unless applicable taw otherwise provides,the proceeds shall --.�i_•:�_
<br /> _. � __�� �e a{.+gtied m the sums secured by[his Security(nstrument whether or not the sums are then due. Y < � � _ _
<br /> '�' If the Property is a ban doned by Borrower.or if,after notice by[.ender to Borrower that the candemnor offers to malce an ' �
<br /> �=� .• � . .'::`�, award or settle a claim for damag�s. Borrower fails to respond to Lender within 30 days after the date the notice is given. , �;.�
<br /> '}��:� :��'; Lender is authoriied to collect and apply the praceeds,at its option,either to reatoration or repair of the Property or to the sums . �,• ,�-• .
<br /> . .I;,�
<br /> �s ', . " � secum.�1 by this Security lnstrument,whether or not then due. , �
<br /> • • Unletis I.ender and Borrower ntherwise agree in wriung, any application of proceeds w principal shall nm eatend or �_T;
<br /> ��,.:..�::
<br /> ���'i � ' .'.t. postpone the due date of the mnnthly payments referred to in paragraphs 1 and Z or change the amount of such payments. .^
<br /> - - - � = �' —
<br /> . 11.Borrower t�Iot Reteased;For�arance By Ler�der Nut a Naiver.Extension of the time fur payment�r rnadificatioo a - _
<br />';`: of amoriization oi the sums secureA by this Secunty Instrument granted by l.ender to any successor in interest of Bomnwer shall -, ., ��.,�
<br /> f.,. . ,
<br /> ' not operate to relraae the IiabiGry of the original Baaower or Barrower'ti sua:essoTS in interest. Lender shall not be required to : - Z_.__
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<br /> :�:•" . commence proce�iings against any successor in interest or refuse ro extend time far payment or otherwise modify amortizauon •� „ � - _-
<br /> ,. uf the +ums secured by this Security lnstrument by reasan of any demand made by the original Borrower or Borrower's ��f__
<br /> J successors in interest. Any forbearance by Lender in exercising any right ar remedy shall not be a waiver of or preclude the � .��`_ _
<br /> ` • exercise of any right ar remedy. " '��
<br /> � 12. SuccesSOS�and Asslgas Baund;Joint and Several Liability; Co-signe�s. The covenants and agreemenu ot this ,;�r
<br /> Security Instrument .hall bind and bencfit the successors and assigns �f Lender and Borrower. Subject to the provisions of � __
<br /> - � �-- pacagraph 17. Borrower's covements and agreements shali be joint and several. My Borrower who co-si�,ms this Security ••,_
<br /> ' ' Instrument but does not execute the Nate: la) is co-signing this Security Instntment anly to mortgage. grant and convey that :_
<br /> � ' Bonower's interest in the Prope r ry under the terms of this Security instntment:(b)is nat personally obligated to pay the sums •. :�`.;�'
<br /> - ' . . secured by this Security Instrnment:and lc)agrees that Lender and any other Borrower may agree to extend,modify.forbear or , • �
<br /> , make any accommodatians with re�ard to the terms of this Security Instrument or the Note without that Borrower's consent. � � . ;,�
<br /> 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. : �y�
<br /> � • � and that law is finally interpreted so that the interest or other loan charges collected or to�e wllected in connection with the _
<br /> �:�= � ban exceed the pemutted limiu,then: fa)any such loan charge shall be reduceci by t1:s amount necessary to reduce the charge , —
<br /> ` '�� • �; . to the permitted limit:and(b)any sums already callected from Borrower which exceeded permitted limiis will be refunded to
<br /> � � Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct • • -
<br /> �.:; , � • ��. payment to Borrower. If a refund reduces principal, the reduction will be trcated ac a psR�a� prepayment without any . .
<br /> �� prepayment charge under the Notc. , ,
<br /> • � ' 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it ar by mailing ,
<br /> �,'�'t .., . .
<br /> • . it by first clas.mail unless applicable law requites use of another method.The notice shall be directed to the Property Address
<br /> :°:�•.;. � .. , or any ather address Horrower designates by notice to Lender. Any notice to Lender shal! be given by first clacs mail to .
<br /> � � ' � Lender's address stateJ herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> ' � ' Security Instrumem shall be deemed to have been given w 8arrowcr or Lender when given as provided in this paragraph. .
<br /> - ` ' 15.Govcrning Law; 5everabflity�. This Security lntitrument shall bc govemed by federal law aed the law of the ,.
<br /> ���' � juri,diction in which the Propercy is located. In the event that any provision or clau�.e of this Security Instrument or the Note _
<br /> , canflictx with applicable law.such rnnflict shall not affect other provisions of this Security lnsirument or the Note whieh can be .
<br /> , . given eifect without the conflicting provision. To this end the provitiions af this Security Instrument and the Note are declared
<br /> � � ' to be scvcrahlc.
<br /> 16.Bncrower'�Copy.&►rruwer tihall he given one canformed copy of the Note and oF thi�Security instrument.
<br /> t' ...� � Form 3028 9�90 , . '
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