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<br /> p�yment� m�y no I�nger t�e required,�c the option of Lcnder, if mortga�e insurana coverage(in�he amountu�l tor the period
<br /> thM.l.ender require�)provided by An inYUrcr�Nroved by l.cr.dcr agai�h:,srri:.s av,:::.bl�and !�ab!eln!�.&�rrower shell pay� _
<br /> the premiume rcyuired tn malntain mangage insurance fn effa:t,or to provide a lass reurve,until the requinrtxnt for mong�ar� __
<br /> ' insurance tnds in accordance with any wriuen agreement bttween Borrawer and I..ender or applic�blc law.
<br /> 9. ImpeetMe. l.ender ur its Agent mAy m�lce rcasonable entrla upon uid inspeclione of the Pro{�rty,[..ender shxll giva�
<br /> Bor�awer notice at the Ilme of or prior to an inspectlort ep�clfying reasonable c�use far the inspecclon.
<br /> 10. Condemn�tlon. '1'he pmcoeda of any awArd or clwtm for dem�gos, di�at or consequential, In connection with an
<br /> condemnAtlon ar othet iaklag of�ny put of the Proptrty, or for conveyAnca in lieu af condemn�tion,arc hereby assigned
<br /> shall be paid to l.ender,
<br /> In the event of a total taking of the Property,thc proctcds shall he npplied to the sums seeured hy this Sxurity Instrument� _
<br /> whether or not then due, with anY exceu p�ld tu Borrowec. In the event of A puti�l teking of the Propeny in which the Calr
<br /> market valuc of thc Property immediptoly before the t�kiag is equ�l to or greater�han the amaunt of tha su�ns securcd by this
<br /> Security Instcument immodiately before the t�king,unleu Borrower and l.,ender otherwlse agree in wrlttng,ihe sunu secured by
<br /> thii Sec��rity lnstniment sh�l� be roducod 'oy tne s�►wu�. af thc proc...-�ds multiplieJ b; the to!lowln� fhctien: (a) the total
<br /> amaunt of the sums sotuced immodiately before the talcinY,dlvjded by (b) the fair m�rket value of the Propeny immediately
<br /> beforc th�t�king. Any balance sh�ll be pnid to Borrower. In thc event of a pnr�ial t�icing of the Propeny in which tha fair
<br /> muket value of the Propeny immedistcly before tho taking is!ps than thc amount of the sums socurcd immediatcly beforc the
<br /> taking,unlas Borrower and Lender otherwise agree in writing or unless appllcable law otherv�ise previde�,the proceeas sh�ll --
<br /> bo applied to the sums sccured by this Securiry Inatn►ment whethcr or not thc sums wra th�n due.
<br /> If the PropeRy ie abandaned by I3orcowcr. or if,aftcr notice by l.ender to Aorrower that the condemnor offers to make an
<br /> awud or eettle a claim for damages. Bo�rower fails [o respond co Lender within 30 days after thc date U►o notice is given,
<br /> L,enckr is puthoriud to collxt u�d apply the proce�eds�et ite option,either to restoration or apair of the Property or to the sums
<br />- sccurod by this Security Instrument,whether or�not ti�en duo.
<br /> Unleas Lender uid Botrower othanvise agnx in writing, any appUcation of proceods to principal rhall not extend or
<br />� postpone tbe due date of the monthly payments referred to in par�r.aphs 1 ancl 2 or ch�nge the acnount of such ptymente.
<br /> 11. �orrower Not Rdeased;ForbeRrance By Lender Not a Waiver. �xttnsioa of the time for payment or modific�tion
<br /> of amortization of the sums secured by thia Secudry Instrument granted by Lender to �ny aucc�asor in intenst of Borrower shall
<br /> aot operate ro rel�aae the 8�billty of the original Bc�cn�wer or Borrower's auccessons in interest.Lender shdl nM be requir►;d to
<br /> commance procadings againat�iy successor in in.ertst or erfi��e to e�tend time for p�ymrnt or othenvise modify amonization
<br /> of the sums secured by this Security Instniment by reason of any damand mde by the original Borrower or Borrower's
<br /> suoceawrs in interest,My forbearanct by I.ender in exercising any right or remody chall not be a wuva of or precluda the
<br /> eaetcix of my dght or�emedy.
<br /> 12. 9ua.wron iu►d Aasignti Boun�1:IoiM �nd SeverAl LiaMllty; Co-e�ga�n. The cove�nte�d sgceemencs of this
<br /> SOClulty inttniment shait bind uxi i�cucfii'u`�e �wtiesSGr at►d�Igas af Ltss3tf`.�".�s�a`.!'tr, subJt�'*-!n t� gmyi�iom of
<br /> puagaph 17. Borrower's oovauints and �gcren�ents shail bo joint pnd several. My Bornower who co-aigas this Security
<br /> Insttumei►t but does n�t exocute the Note: ia) �S�-Figning this Security Instcumrnt only to mortgage, �at wd convey that
<br /> A....+.�.��r'e i..t�,..es in thw Pnnrx�rtv tttule�thE tCrn1s of thit SeCUTitY�sliuIIlCat; N) is not personally obligttad to p�►y the sums
<br /> secured by chis Sxudry Instrum�nt;and(c)agrees thac I.ender and aay aher Borrowcr may aigree to exten4,rnouify,io�'vau ur
<br /> m�ice an,y accommodatinm�with regud to the terms af ahis Security Instrument ar.the NotG without that Bortowsr's consent.
<br /> � 13. Laan ChAr�els.If the loan secured by th9s Security Inucumene is su�je�t to a law which setc m�uimum lou►charges,
<br /> and that law is finally interpnted sa tt�at the interest or other loan chArges collated or to bc callixxod in connection with the
<br /> loan excad the perroittetl limits,�hen: (a) any such loan charge shall be reduced by the anwunt necesury to reduce the chArge
<br /> ta the permitted limit;at�d(b)ar►y sums already collocted from Borrower which exceedod permitted limiu wUl be refundod to
<br /> Homower, Lenda m�y choose to make this refund by reducing the principal owed under t6e Note or by roaking a direct
<br /> paymeat to �orruwa• If a refund reduca princip�l, the reduction will be treated as a putial prep�yrnent without �ny
<br /> preprym4n[charge under[he Note.
<br /> 14.Notica. Any notice to Borrower Nrovidod for in this Secnrity Instcument shdl Ue given by delivering is or by m�iling
<br /> it by first cisss roail unless applicabla law requires use of another method.The notice shdl be directed to the Prope�ty Addresa
<br /> or aay other addc+�ss�oxxower dwignues by nodee to Lender. My notice to L.ender shall be givrn by ficst class m�il to
<br /> Lendcr's�ddress stue�;fir•rein or any other address Lender designates by nottce to Hocrower.My tatia provided for in this
<br /> Security tnstrument shall b�dornxd'co hava boen given to Borrower or Lender when given as provided in thls puagraph.
<br /> 15.Goverai�q I.ow; Seva'�6�I�ty 7't►is Security Instcument sh�ll be govemod by foder�l law and the law..af aho r+
<br /> jurisdiction in which the Propeccy is located. In the eveni thet any provlsion ar clauK af thic Security Inprument or. thK,Note, C�
<br /> conflicts with applica�tile law,such conflict shall not affect other pmvisions af this Saurity Instcument or tlx Note which cae►be�.�r'.,
<br /> given effoct without the wnflicting provision. To this end the provisions of ttiis Security lnstntment and�he Note are dxlared yti
<br /> to be aever�ble. �
<br /> 16.D�►�rower'e Copy.Bonower shall be given one conformecl eopy of the Note and of this Security Instcumrnt.
<br /> Form 302 ' 90
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