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<br /> payments may no IanQer be requirad,nt the optlan af Lender,if mongage Insurance caverage(in the+mount and for the period
<br /> -� thnt Lendar rcyufres)provlAed by an insurcr�pproved by iender ag�in ixc�mes avwiiablc and is abi�ined. Borrower sh�li N+Y� —
<br />_ i�;� the promiums required to m�intain mong�ge insurance In cffxt,or�to pravide�loss resrrvc,undl the requfrenxnt for mortgage '
<br /> insur�nce ends in accordance wiih any written�greernrnt between F3arrower and I.ender or applicable law,
<br /> --�`�� 9, ln�pecllon. I.cnder nr lis agent may mal:e ceasonuble entri.s upon and inspcciimis of the Pro{xny. L,endcr shell giv�'•�• --
<br />---- Borruwer notice n the time of or prior to�n inspectlon spccifying reasonahle cause for the inepection,
<br />`�`��� 10. Cundemtwtiun.The prc�ceeds of anp award or daim for damages, direct or consequential, in connrction with any �
<br /> condemn�Uon or other t�lcing o(any pan of the Property, or for canveyAnce in lieu�f condemnation, are hereby asslgned and
<br /> _ ``° shall be paid�o I.endcr. �V �—
<br /> � In the event ot e tat�l t�lcing of the Propeny, ihe pr�ceeds sh�11 be applicd to the sums accured by this Security lnstrument,
<br /> whether or not then duc, with any� excess paid tn Borrawer. In thc event of a partlal tolcing of the Prapeny in which thc fair
<br /> ' muket��alue of the Pr�pcny imme�liatcly bcfore thr. takln� is rqu�l to or greater than the amount of ehe sums secured by this
<br /> � - Security Instrument immediately beforr thc taking,unless&►ttower and l.ender atherwise agree in writing,the sums secured by
<br /> �hic 5ecurity Instrumene shall be reduced by the amoum of the proceeds muliiplied by the following fractian: (a) the total
<br /> �__ amount of the sums secured irnmedi�tely beforc thc taking, divided by (b) the fair matkct value of the Propctty immuliatel��
<br /> txfore the taking. Any bzlince shall t�e paid ta Borrower. ln the event of a partial taking of the Propeny in which the fair
<br />----= nuuwci V�Ur Gi ii�2 FiB�iiy i�ni�l�.ulAii.�V F��OL�2�IC Cu:�0����t73:t7:l1 StlG r.*ROUnt of the SL!!+5 5!'CUCC�IR1R1�!?I!'Iv he}'(�ir th�
<br /> taking,unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall
<br /> be applied to tho sums securod by�this Security Instrument whether or not the sums uc then due.
<br /> If�he Propeny is ab�ndoned by Borrower, or if, after notice by l.ender to Barrower that the condemnor offers to ma�;c on
<br /> awud or sattle a cliim for dam�ges, Borrower fails to rcspond to Lender wiihin 30 days after the date the notice!s given,
<br /> ---- Lender is authoriud to collcct and apply the proccxds,at its optlon, efther to resroration or repair af the Prot►erty or to the sums
<br /> sxured by this Securiry lnst►ument. whether or not thtn due.
<br /> Unless Lender and 8orrower othenvise agra in writing, any applicallon of proceeds eo princip�l sh�ll not extend or
<br /> postpone the due due of thee mQnthly payments referr�d to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.&►rmwa Not Rdeased; Fo�rance By I.enda Not a W�iver. Ea�enaion of the time For p�yment or modlGcuion
<br /> of amor[iucion of the sums securcd by thls Saurity[nstrument grantal by Lender to any successor in interest of Bonower shall
<br /> not npence to nlease the li�bility of the originel Borrower or Bamower's successors in intenst, I.ender shall not bc requiral to
<br /> T commence proceedings against any successor in interest or refuse to eatend time for payment or otberwise modify amor[i7ation -
<br /> of the sums secural by this Security. Instrument by rcason of any dem�nd made by the original Borrower or Borrower's
<br /> succeswrs in interese. Any forbeuance by Lender in exercising any right or rcmedy shall not be a waiver of or pnclude the
<br /> exeocise of�ny right or remedy.
<br /> 22. �i:Ct�r:.:.d A�3�tSa BCUttd; !4!Si*_ «.^.a St'y�!rol [.iiah4ljtv� Cq.cioe�, The �venantc nnd aet+eements of this
<br /> � Security Instn�ment shall bind and benefit the successots and assi�.ns of Q..endor and Borrow-er, subjecc to the provisions uf
<br /> — paragnph 17. Barrower's covenants and agrcements shall be joi�at and several. My BorroxYr who co-signs chis Secariiy
<br /> Instrumen[ but does not execLte the Note: (a)is co-signing this Securiry Instcument only to mongage, grant and convey thu
<br /> lsurrawcr's intn�aa�in u�c icvExiry uuuc� u�a iciu�a vi uiia uc�:uiciy iuoiiuii�cui,(uj ia�iGi }nTSGuiuij:,uu�:::w .0 j,�;j'��S�� -
<br /> securod by this Security Instrumenr.and(c)agrxs that l,ender�uxl any other Sorrower may agrea to eatend,modify,forbeu or
<br /> — m�ke any accomxaalations with regard to the terms of this Securit}� Instrument or the Note without th�t Borrower's consent,
<br /> 13. Loan Chartes.If the loan secured by this Security Inatrument is subject to a law which sets maximum loan chuga,
<br /> aad,thtu law is finally in�ecpre►ed so thu the intenst or other loan charga collected or to bc collectaf in oonnoctian with the
<br /> Iw�►excoed the permitted limits,then: l9)suiy such lom chuge shall ba nduced by the amount necessary[o reduce[he chuge
<br /> to the permitted limit; and(b) �ny sums already collected from Borrower which ezcadod permittod limits will be nfunded to
<br /> Hotrower. Lender m�y choose to m�ke this rcfund by reduciag the princip�l owed under the Note or by m�king a direct
<br /> p�yment to Borrower. If a nfund rcduces principal, the reduction will be treitod �s � parai�t pnpayment without any
<br /> prep�yroent chuge under the Note.
<br /> 14.Natica.Mp notice to Bonower provided f�:in ihis Security Instrument sha11 be given by delivering it or by m�iling
<br /> it by firat cl�ss m�il unless applicable law requires usc of auwther method.The notia sh�ll be�irected to thc Ptopetty Address
<br /> — or aay other �cldres� Horrower designatcs by noticc co l�ender. �4.ny naice to Lender �hall be given by first cl�ss m�ll to
<br /> — Lknder's addns5 atated hereia or any other�ddress Lcnder deaignntes by notice to Boaawer. Any not(a provided for in this�."
<br /> Securiry Instrument sAa116e dam�d to havt ban given to Borrower or L.tnder when given as provided in this pangraph. �,"�:
<br /> 15.Gorerning l.aw; Seversbilk��. This Security Instrument shall be governed by federal law and the l�w of the��
<br /> jurisdictlon in which the Propeny is loca[ai. ]n the ovent th�t any provision or clause of this Security Instrument or the Ndte �� -
<br /> confliets witb:�qa�licable law. such wnflict shall not affect othtr provisions of this Securiry Instrument or the Nott which cui be •
<br /> ;ivea effoct without the wnflicting provision.Tu this end thc provisions of this Security Inscrument and the Note are dacl�red 7rr
<br /> to be severable.
<br /> 16.Borrower's Copy. Borrower sh�ll be given one cc►nformed copy of the hlate and of thls Security Instrument.
<br /> Form 3028 9/90
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