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<br /> paymen�s may no longer be required. at the��ptiun af L.ender,if mortgage m�urance coverage lin the amount and fur the penod ' , • -
<br /> that Lender requires)pruvided by an insurer appruved by L.ender again baome.available and i+ubtained. Barmw'er shal!pay , _
<br />' ' the premiums re.quired to maintain mortgage insurar.ce in effect,or to pmvide a loss rc.•serve, until the requirement for murtgage , ,. ' --
<br /> insurance ends in accordance with any written agreement between Borrower and l.ender or spplicable law. ---
<br /> 9. Inspection. l.ender or iu agent may make rrssonable entnes upon and inspe�:tions uf the Property. Lender,hall give . ,
<br /> Borrower natice at the time of or prior to an inspection specifying reasonable cau,e for the irupection• ;. .
<br /> 10. Condemaation. The proceeds of any awasd or ciaim fur dam�sges. direcc or cronsequential, in cunnertian with xny _ - _ __,,___ ___ '�_
<br /> condemnation or other taking of sny part of the Property,or for conveyance in lieu of condemnation, are hereby as�igned and . .� , . `�--��
<br /> shall be paid ta Lender. •� -
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums secumd by this Security Ins[rument. � '`, -
<br /> whether or noi ihen due. with any excess paid to Borrower.In the event of a partial taking of the Pmperty in which the fair _ . __„. :��
<br /> markei value of the Property immediately before the taking is equa�to or gre-ater than the amount of the wms secured by this - -�.s '� ��
<br /> Security Inswment immediately before the taking,unless Borrower and l.ender otherwise agree in writing,the sums secureii by ^�_ _, •
<br /> this Security Instrument shall be reduced by the amaunt of the proceedx multiplied by the foUowing fraction: (a) the tota! �'. ,:- - .____ _
<br /> amount of the sums se�:ured immediately before the taking,divided by (b)the fair market value of the Property immediately I��,ti�__�
<br /> i before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair - F
<br /> � market value of the Property immediately before the taking is less than the amount of the sumc secured immediately before the � •Y�
<br /> takina, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides. [he proceeds shall .. �"�:-�_,
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due. - � �`�'-�-ry--
<br /> ` '#: _
<br /> If the Properry is abandoned by Borrower,or if, after notice by Lender to Borrower that the condemnor offers to make an � ;.,�``.� _
<br /> award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. _ � .,4___.
<br /> � Lender is authorized to collect and apply the proceeds,ac its option.either to restoration or repair of the Properry or to the sums -�-�--- .�-,,_ `r
<br /> secured by this Security Instrument,whether or not then due. �'�}f""
<br /> � Unless Lender and Borrower othenvise agree in writing. any application of procceds to principal sha!! nos extend or
<br /> � postpone the due date of the monthly payments referred to in paragraphs I nnd 2 or change the amount of such?ayments. , _
<br /> ,.",.. . �� �:+�`
<br /> - 11.Borrower lelot Released; Forbrtaraace By Lender Nnt a Naiwer.Extension of the time for payment or modi�ication _ �` :�.
<br /> .�,��'.'
<br /> ' of amortization of the sums secured by this Security Insuument granted by Lender to any successor in interest of Borrower shall .�' _
<br /> not operate to release the(iability of the ariginal Borrow•er or Borrower's successors in interest. Lender shall not be required to •��' �
<br /> .':'"?` " :�i,:� -�'_�;�-:
<br /> • . commence proceedings against any succe5sor in interest or refuse to extend time for paynient or utlierwise modify asnortizatian -�:-,,,-,e--,
<br /> ce_ •�
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<br /> of the sums secured by this Securiry [nscrument by reason of any demand made by the original Barrower or Borrower's ,: {�,f� ='�
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of ar preclude the ,<`R'�'hr'�(;� �' S� �,�,.,,,
<br /> ' exercise of any right or remedy. ����;� �
<br /> 12. Succe�sors and A�si�ns Bound:Joint and Several Liability;Co-si�eis. The rnvenants and agreements of this � ;� ;:
<br /> Securiry Inswment shall bind and benefit the succecsors and assigns of I..ender and Borrower, subject ta the provisions of .�__, . __
<br /> , paragraph 17. Borrower's cavenanis and agreements shall be joiot and several• 4ny Bortower who co-signs this Security i�s '_ .+"^f'�
<br /> Instrument but does not execute the IVote: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> � Borrower's interest in the Propeny under the terms of this Security Insttument;(b) is nat personally obligated to pay the sums - T
<br /> � secund by this Securiry Insuument:and(c)agrees that Lender and any other Borrower may agree to extend,madify,forbear or �, �. _�
<br /> , �,..�,:< _-._•��.
<br /> make any accommodations with cegard to the tertns of this Security Instrument or ihe Note without that Barrower's consent. —�
<br /> . 13.Loan Charges. If the loan secured by this Securiry Instrument is subjec[to a law which sets maximum loan charges. __
<br /> , � and that law is finally interpreted so that the interest or other loan charges collected or to be coltected in wnnection with the �;���r�j_---
<br /> loan exceed the permitted limits, then: (a)any such loan charge shall be reduced 6y the amount necessary to reduce ihe charge �.=v��__
<br /> to the permitted limit:ascd(b)any sums already collected from Borrower which exceeded permitted limits wilt be refunded to ,=r�_�'��'"
<br /> Borrower. Lender may til:oose to make this refund by reducing the principal owed under the Note or by making a direct .• � _ ::--'=�-��-�-
<br /> .� payment to Borrower. lf a refund reduces principal, the reduction will be treated a� a partial prepaymens without any _
<br /> prepayment charge under the Note. ;
<br /> � 14.Nottces.Any notice to Borrower provided far in this Security Instrument shall be given by delivering it ar by mailing ,. ,. �
<br /> ' it by first class mail unless applicable law requires use of another methad.The notice shall be directecl to the Property Address .�:.,�..""�#,;-�
<br /> " or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to _ ;:
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<br /> • Lender's address stated herein or any other address Lcnder dcsignates by notice to Borrower. Any notice provided for in this ,
<br /> Security Instrument shall be deemed to have bcen given to Borrower or Lender when�iven as provided in this paragraph. -�'�'�'?�'�"�''�`�
<br /> 15.Governing Law: Severability. This Security Instrument shall bc govrrned by fcderal law and the law of the .�'y. 1.h.�F,���__:_
<br /> jurisdiction in which the Property is located. ln the evem that any provision or clause of this Security Instrument or the Note "-�`?�; ;�`A��'`�` _
<br /> conflicts with applicable law,such conflict shall not affect other rovisions of this 5ecurit lnstrument ar the Note which can be r�-��;,
<br /> p y ,:;:'��.�.;a�,trs�'::�
<br /> � ' given effect without the conflicting provision. To this end the provisions of this Security Instniment and the Note are declared : , ,5..�; ,,,�;,,,r,
<br /> to be seve:able. '' ��� �
<br /> 16.Borrower's Copv.Bonower shall be given one conformed copy of the Note and of this Security Instrument. � ' '
<br /> • Form 3028 9/90 ' � ' --
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