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<br /> 9i-- �tj�6��� ` : ��'_
<br />' payments may no longer be required.at[he opuon of Lender, if mortgage in.urance crnerage i in the amount and for the period . ' '� �"
<br /> ��__
<br /> that lxnder requir�l provided by an insuser appruveei by L.ender a�ain becomes available and is obtained. Borrower sha!! pay , , �, ��.--
<br /> the premiums required to maintain mortgage insurance in effect,ar ta provide a loss reserve,until the requirement for mortgage , ° `: , ^
<br /> insurance ends in accordance with any written agreement between Borrower and Lende�or applicable law. • � ,��+T4�'�
<br /> 9. Insp2ctioa. Lender or its agent may make reasonable entries upon and itupections of the Property. Lxnder shali give .
<br /> Borrower notice at the time of or prior to an inspection specifying rea+onable cause for the inspection. - � • . , . -
<br /> � 10. Condemnation. The proceeds of any award or claim for damages, dimct or conseqeential, in connection with any ; . � ��
<br /> = - — —:—:._,.—.. �
<br />. i condemnation or other taking of any part of the Pmperty, or for rnnveyance in lieu af condemnation, are hereby assigned and . '�_
<br /> ; �i shall be paid to Lender. �
<br />� Tn the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Inswment. . � • _ �
<br /> whether or not then due. wich any excess paid to Borrower. In the event of a partial [aking of the Property in whicb the fair �� . ' ��"-
<br /> market value of the Property immediately before the taking is equal to or gre�ater than the amount of the sums secured by this - .. ",� : _'•:�-:����° ��
<br /> Security Instrument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by , � " s -��.�
<br /> . ..��_-.ri�•.«-_
<br /> this Security Instrument shall be reduced by the amount of the proceads mWtiplied by the foUowing fraction: (a) the total �;,,:�"��' =--- `-
<br /> . ��-�.'' .� '
<br /> atnount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately � . �, „�,. _,__
<br /> before the taking. Any balance shall be paid to Borrower. Fn the event of a partial taking of the Property in which the fair : �_�,,,��_
<br /> market value of the Property immediately befo:.�,e taking is less than the amount of the sums secured immediately before the ' ,t
<br /> taking. untess Bonower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall � ` '� '"� T
<br /> be a��i::d to the sums secured by this Security[nstrument whether or not the sums are then due. ' . . �„;,,�'=
<br /> �ti il:e Propecty is abandoned by Borrower,or if,afrer notice by Lender to Borrower that the condemnor offers to make an . __ _ • -_=�--- � _
<br /> award cr settle a claim for damages. Borrower fails to respond to Lender withia 30 days after the date the notice is given, ;,�_:�.�,�.��
<br /> ' Lender is authorized to collect and apply the proceeds,at its aption,either to restoration or repair of the Property or to the sums - ,_ '-'`-`�
<br /> ti �T?' �'?�-� �
<br /> sec�cred by this Seturity Instrument,whether or not then due.
<br /> "�';-.�;,�
<br /> ;.'�, 'LT:iless l.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or , M• �;•�.qe�-, -
<br /> postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. ��� -���a
<br /> i l.Borrower Not Released;Forbearance By Lender Not a Waiver.Extension of the time for�ayment or modification ,.'�-i�� ' � �
<br />. of amortization of the sums secured by this 5ecurity Instrument granted by Lender to any successor in interest of Borrower shall ,' � '
<br /> not operate to release the liability of the origi�ai $orrower or Bnrrower's successots in interest. Lender shall not be required to :;.:,^., � •�_;c:.;;�
<br /> comm�nce proceedings against any successor in interest or refuse to extend time for paymenc or otherwise modify amortizauon ;r�, . ���` .'`'' �'• �`
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or $orrower's _ Y"'�'r' ��.
<br /> successors in interesc. Any forbearance by Lender in exercising any right or remedy shall not be a w•a'sver of or preclude the _ �'4`;u •�
<br /> � exercise of any right or remedy. - ' '� �
<br /> 12. Sua.essors and Assigns Bonnd; doi�s2 and Several Liability; Co-signe�s. The covenants and agreemenu of this ; � - � '�p!:� . %1+-
<br /> Security Instrument shal! bind and benefit the su�ors and assigns of l.eader and Borrower, subject to the provisions o f "; "'�� � �;�t�._ _
<br /> _. paragraph 17. Horrower's covenanu and agreements shall be joint and several. Any Borrower who co-signs this Security . `��� � �`
<br /> ::4�.�.a..:
<br /> Instrument but daes not execute the Note: (a)+s co-signing this Security Instrument only to mortgage,grant and convey that �.'� ' '.. ��#��;-_- ,. _
<br /> Borrower's interest in the Property under the[erms of tfiis Security Instrument: (b)is not personally abligated to pay the sums ;��..�R��--.
<br /> � secured by this Security Instrument:and(c)a��rees that L.ender and any other Borrower may agree to exten�,modify,forbear or ,�.�":��_"
<br /> make any accommodations with regard to the terms of this Secarity Instrument or the Note without that Borrower's consent. jr%..r.+a -
<br /> � 13.Loan Cha�ges.If the loan secured by this Security Instrument is subject to a law w hic h seu maximum loan c hazges, 7.:��`,3��^
<br /> • and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the �+'i'��x--
<br /> loan exceed the permitted limits,then: (a)any sueh loan charge shall be reduced by the amount necessary to reduce the charge _ -= --_
<br />. to the permitted lir.�it;and (b)any sums already :,ollected from Borrower which exceeded permitted timi�c will be refunded to .'
<br /> ",'- - ,r,
<br /> . Sorrower. I.ender 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 treated as a partial prepayment wi4hout any �y� � -� - -
<br /> • prepayment charge under the Note. '��.,��'�
<br /> 14.Notices.Any notice to Borrower provi�:d for in this Security Instrument shall be given by delivering it or by mailing ����
<br /> it by first class mail unless applicable law requir�s use of another method.The notice shall be directed ao the Property Address �-"�`=' .—
<br /> .�����,� _
<br /> �. or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first ctass mail to ' , '' � � ';w:..�.
<br /> Lender's address stated herein or any other address I.ender designates by noti:.e to Borrower. Any notice pmvided for in this �.�,{ _ ��'
<br /> � Security Instrument shaJl be deem°d to have been given to Burrower or Lender when given as provided in this paragraph. �' � '� � • �'_
<br /> 15.Governir� Law; Severabllity. This Security Instrument shall be govemed by federal law and the law of the _ =��c� �'�
<br /> . jurisdiction in whic,�s the Property is located. In the event that any provision or clause of this Security Instrument or the Note �
<br /> ���-�.
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be • .,
<br /> give�effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared --'; _,
<br /> .
<br /> . to be�PVerable. ,�' • •-�*L-
<br /> � 16.Borroner's Copy.$onower shall be given one conformed copy of the Note and of this Security Instrument. � ���"�
<br /> -��
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<br /> Form 3028 9/90 -
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