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<br /> �71.""" �.v�70��
<br /> papucnts may�w longcr bc req�dred,r.t tho optlon of I.cnd¢r,if mo�igago insumnw wvcrage(in�6c amoum nnd Por tho perind
<br /> t}ul l.e�dct rtquln;s)ptoridcd by nn insurcr npprovod by Lcndcr ngnln bccomcs nvaiiaulo and Is obtafncd.Oorm�ver shnll pny
<br /> tho prtmiunu requirtd m mUmain mongagc insuroncc In cffcct.or lo provido n loss reservo,unUl thc n�uirtmcnt fnr mortgn�o
<br /> iiisunnw ends In accarJanoo wiih nny�rrifren agrxmcat bcm•een Dormwcr nnJ I.end�r or r�pplicabiz larv. -
<br /> 9.Ins�xqlon.l.cnder or i1s n�ent nuy mike rtason�6lo ontdes apon and inspec�inns of�he Propeay.l.enJer shall givo
<br /> Ibrrowcr notice nt�ho timc of or pdor io an Inspxlion speclfying nasnnnb;e causo for�ho Inspection.
<br /> !0,(:ondcmnpiton.7ho proccods of ony eward or clnim tor damagu, dlnxt or cons�qucntial, Im m�ncctlon wlih any
<br /> mndemn,vlon or oihor taking of any p�n of�Im Propeny,or Por convoyunrn ln Iicn nf condamna�lon,arc hcr�by usigncd and
<br /> shall be pald�o LenAer.
<br /> in tho event of e�ota1 tnking of U�e Propcny,dic procccds:liall be npplial�o�he swns saurtd by�his Security instrunkm, �
<br /> whc�0eror not then dua wllh nny oxmss pald�o Rorrower. fn�ho cvent nf n pnnlel takfng of tha Prnpeny in which�ho fnir �_
<br /> market vaiuo of�6o Propehy Immcdin:cty befnro tho iaking is cqual lo or grcatcr tlian tho xma�m of�I�c sums secured by�las
<br /> Sceudty insuumeni Immalimely before tho teking,uniess Ronower and Lender othenvise agroe In wrida�.�he sunu secund by
<br /> thls Securiry ins�mment shall bo reducui by tho nmount of ihe proa:eds muliipl(ed by the foltowing Gxtiort: (a) tCe tatal
<br /> aa:ount ot�ho sums sccurod Immcdlniciy beforc�he iaking,Pividcd by (6)�he fair mu&ct raNc of tho Property imn:ediateiy =
<br /> before t0c ta4ing. Any balnncc shall bc pa!d ro dortox•cr. In the cvenc of a paitial taking oP�hc Propeny In which the £air �
<br /> mvhet valee of d;e Ptopeny immedimdy ixfoc�tF.�taking(s Iess than the aa:aunt of the sumc securcd (mn:.diately befon;the =
<br /> ta.ting,urtlas fSorrower and l.eek.'er ahenvCce agrea in�vridng or uniess xFplicabte taw othenvise provida,tlie yroceeds shall =
<br /> bn ap�li�d�o�ho sums smred by this Sccurity Instcumznt x�ther or r.a the sunvs are th•n due. _
<br /> lf the Propeny-is xb;r.dnr.ed by 8orrower,or if,afrer cr.[ice by Lemier to 6orrov:er thxt the condemnor oftuc�a pvke en ;
<br /> ewud or seUle a claim tor dartvagcs,6orrower fatls to ras�und to I.endcr�vi�h(n 30 Jays aRcr 16e date ihe notirc is sirSn, _
<br /> 4nder is amhoriud ro mllcet ar.el npply the prececds,n1 its oplion,eithrc u ttsioraAon or rcpair of�he Propeny or�o the sea�e °
<br /> saxured by thls Secumy InstruuA:x,evkiher or not then due.
<br /> Unless Lender and 6ottuva�othenvise ayree in wridng, any p;p9�a!ion of procecds to princtpal shall ra+: cxrend or z
<br />_ pos�pone 1he due date of�he mo:xi:ly payments n:femd ro in paragraphs 1 and 2 or change�Fe amounl of such payen�:n�s.
<br />.. Il.Horro»�cr IQot Releuud;Fodmaronce By Lender Not a 1Yaixer.G�mnsfon o(the time for paynxnt or<aoelifiw�ian -
<br /> of emotltzatlon of the sums secvred by�his Security Intimmcnt gr�mcd by I.cndcr m any suttrssar in intcrest of�ormw.r s!�.aif '
<br />' not operate to release Ihe liabili�y of the original Dorrower or 6orro�cei s>�.ecessors in Intercsi. Lender shall not Ix nquieeA to `-
<br /> mmmence promrlings egatnst any sumssor in interesl or refusc to exter.d�imc(or paymcnt ar mhenvise modffy amonizfltinn _
<br /> of�hc sums uwred by �his Securi�y Insuument by reason of any demand madc by the ariginul porrowcr ot 6nrrox�er's
<br /> succectors In imens�. Any forbearana by Lender In exercising any rig1A or remedy shall iro� be a woiver of or prtclnJe thc =-
<br />-: cxcrcise oi uny t?ene nr remedy. -
<br />�� 12. Succcvza:Y end Acsigns Bomid�Jolnt and Serc�al Liabllit}�;Casigners. Thc m�•enams nnd xgrecmems of�his `
<br /> Secnd{y Insuumxm shall binct ai�d benefit the sumessors anJ auigns nf LerAer and 8orrower, subjcc�to�he prnvlsionv of _
<br />- pa�acmph 19. Oorrowcr's cucenants and agrecmems sM1all bc joini and sereral. \ny portou'cr ���ho rnsigns this Sccud�y '`-,
<br /> Imminxnt but does no�execute�he Note: W) ts m•signing this Sceuriay Inawmem only to monFa�e• 6r�r.� a�et convey Ilikt �:���
<br /> IIorrower's Interut in�he Propeny under�he�enns o(�Ids Sccuri�y lnssn:m;nt; (b)is nm pusun:Jl} obliga:cd to{vy�hc sums =�
<br />- secured by thls Sceuri�y Im�nimen4 nnd(c)agrces�hat Lender and any o�F.cr 6orrower may agrce lo.x�end,malify,farbear or '� -�
<br />�- make any acwmmodatlons with rcgard m the�enns of Uds Stturity Ins�mmem or�he Note withom ihal Qorto�ver's consent.
<br /> 13.Loan C6arga.I(the loan securud by this Securi�y Insvumeni is subja�w a Inw�vhich se�s maximum Iwn eharges, n,...
<br /> and�hat law is Pnalty fnterprct•d zo�hat thc imcrcs�or o�her loan charges mllcckd or to bc mllectcd im m�ncetimi whh the !�'
<br /> loan exeetd the pzmilUCJ Iinilts,d�en:(a)any such loan charge shall b.«duttd by the�mnunt necessary�o rcduce�he charge i:.
<br />_ �o�he pemiltted limia:ai�l(b)any sums aircady aillected from 6ormxer•xhich excttdeJ permiueA limi�s�rill be refunded m �;;;
<br /> �orrowcr. l.ender ma}� eh,x�u m make this refunJ by reducing dm prir.cipal o�reJ under tlie hme or by making o direc� -
<br /> µq•nKnt �o Dorro��•.r. IY:� r:iund nduca prinr'paL �he rcJuc�ion ��ill lx trcated ac a panial prepaymeae «itliou� any -
<br /> prepaynxm chargc undcr tha�n�a. "
<br /> 14.Noticcs.Any noticc�o Uorrowcr prnvid�d for In�hix Sccurit} (n:�rumcnt shall lx gircu bc deli�xring h nr by mailiup t'��
<br /> (t by fin�elass mall unleu applicable law requircs use of awiher nK�h.d.7ne no�ice�I�all be dircctni tn�M1e Proptny Addrec. `i
<br /> or any oiher addrcss Oarro�aer designates by noiice �u I.e�xlee Anp nmice w Lender shall 6e giren by first clxzs mail to �'�"
<br /> L.ender's adJress s�a�ed herein or nny o�her addras l.emkr d.,ipnates by notice �u 6urm��cr. Any notic.pruvSdcd for in this �i'
<br /> S�euri�y InsWmcnt shall bc dttmed to haee bcen gircn�o Bnrtoacror Lcndcr when gi��cn u proridnl in�his paragraph. c"
<br /> I5.Co��erning Lm�; Serembillly. This Securily 7nslmn!tn1 shall bc gorem�d by (Cderal law znd Ihc law of�6e �.�:
<br /> - jurisdiction in��fiiah the Propeny is lanted. In the evem Ihai nny prociaon ur dause o(�his Sewrity Imwment m�he Yotr -
<br />-- wn11ia1s�vith npplicab:e Imv, sud�conllicl shall nol affccl mhcr pm�i>iom nf Ihis Saurily Innnmicnl or 1hc Notc�chich can hc
<br />_ gi�en e(kcl u�i�hnul ih.aantli:ung prm�i+ion. Ta Ihis cr.d Ihr prnrisiun.of Ihis Sciurily Irolmment anJ�L•t Nnit arc dcclarcd
<br /> lo Ix acvernblt.
<br />� I6.Uorrmrer's Cap�'. I3nrnnrer shall Ix gicen nnt cnniomwd enn�uf�he Nok:md nhhi.Securily Imlm:a:rr.t. --
<br /> Fo�m3020 0'90
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