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<br />_ �j'_ 104n'7'7
<br /> p;ryn�ntx may��o longcr Ac rcyuir�Yl,ut thc apdon of Lci�dcr. if nwrtbuge incurai`x�-�,cuvcruAc lin Qic omc�unt•rnd for thc period
<br /> �lud l,t:�xici• •r�y��o:.::d{�rn'lidcd by,+.n in:iirer nP�mvccl hy l.cndcr nsuin hccomcs uvuilablc and is obtulned. Borrowcr sholl paY =
<br /> the prcmii:nu reyuir�l tu nuiintain nx�rignA�insun►nce in cffcct,ar to providc s+loss rcticrvc,until the�eyuirc�mnt fur mortgagc
<br /> insurunce enct�in accorduixe with uny writtan ngnccnx�nt bctwcen Borr�µ'er aixl Lcnder or upplicuble law.
<br /> y.L�r;peclN►e.L,cnJer or its c►gent mt�y ntukc rcau�nuble cntries upon u�xl intipcctions of thc Property. i.eixler shull sivc
<br /> &�nowcr rnNice at the tinx uf or prior to nn inspectian specifyfng m,asonuble cause for the inspectian.
<br /> L0.Cundemeutbn.Thc prucccds of �ny awunl or cluim for dumagcs. dircct ar conscquential, in cumuction with nny
<br /> ccmJamm�tion ur otF�cr taking of any paM��f the Propedy,or for convcyi►nce in lieu of condemnation,urc hereby assigned and
<br /> shull bc�iiA to Lendcr.
<br /> In ti�e evcnt uf n total taking of the Pmpeny,thc pmccc�ds shall bc applieal to thc sums securcd by this Sa:ority Instrument.
<br /> wltethet or not then due,wi�h any cxcess pnid to Bo►TOwcr. In the event of a partial taking of the Property in which the fair
<br /> nwrkct vutue of thc Property immcdintcly befa��c 1hc taking is cqual to or greater tlwn thc anwunt of the sums securod by this
<br /> Secucity lnstrumcnt immediately before thc u�king,unless Borrower and i.ender nthcrwise agree in writing,the sums sccured by
<br /> thie Sccurity Instrument shall be rcduced by the a�naunt of the proceexis mu�uR�i�d by the follawing fraction: (a) the: total
<br /> amewnt nf thc sums secured immcdiatcly t>cfore thc tukins. divided by (b)the fair m:uket value of the Property immediately
<br /> befor�the taking. Any balance shall bo pstid to Borrower. In the event of a partial taking of the Prope�ty in which the fair
<br /> murkct valuc of thc Property immediatcly trefone thc taking is less than tl�e amount of the sums secured immediately before thc
<br /> taleing,unlcss Borrowcr und Lendcr othenvir,c agrce in writing or unles�5 applicable law athe�visc provides, the pro�eals shall
<br /> be applicd ta the sums sccurod by this Security lnstrumcnt whether or not the sums ue thtn due.
<br /> IF thc Prqxrty is abandoned by[iatmwcr, or if,aftcr noticc by Lender to Borrowcr that the condemnor offers to enake an
<br /> awnrd or settic a claim for d,3mages, am•mwcr fails to respond to I.ender within 30 days after thc date the notice is given,
<br /> Lcndcr is outhorized to collect and apply lhe procecds,nt its option,either to restoration ar repair of thc Property or to thc sums
<br /> securod by this Sccurity Instrument,whetl�er or not thcn due.
<br /> Unless Ltnder ard Borrower otherwir,e ngree in writing, any �pplication uf proceeds to principal shall rat extend or
<br /> postpone the due date of the monthly puymcnts rcfcrrcd to in N���Wai�er�Extens on of h t me for payment�or�odification
<br /> Il.Ik1R'OWCY IVOI KC1Calevi r8�uE&i'Afi��� �.-�°S••---
<br /> of amoMization of Ihe sums securcd by thi�Securiry Instrument grantal by I.�nder to any successor in interest of BoTrower shalt
<br /> not operate to rel.ase the liabiliry of the nrlgi►u�l Bonower or Borrower's successors in inttrest. I.ender shall not be required to
<br /> comm�:nce proceedings ugainst any succassor eu interest or refuse to extend tinx for payment or othe.rw�se n�odlfY am°rtization
<br /> of the sums secured by this Security Tnstrument by �cason of any demnnd m:�de bY the onS�nal B°n°K'er or Borrowcr's
<br /> successors in interat. Any forbearance by Le�der in exercising any right or remedy shal! not be a waiver of or pneeiude tt�e
<br /> exereise of any right or rcmody. '�'� �ovenants and agr�ements of this
<br /> 1Z. Successors and Assigns Bound;Joint and Several Liabflity;Co-siEaers•
<br /> Securiry Cnstmment sl�all bind and benefit U�e successors and assigns of L.endcr a�xl Bormwer. subiect to the provisions of
<br /> paragra�►h 17. Bortowcr's covcnants and agreements sh;dl bc joint and scveral. A,ny Borrowe� who a►'S�Bns this Security
<br /> Instrurt�ent but does not execute the Note: (a) is co-signing this 5ecurity Inswment only to mortgage, grant and wnvey that
<br /> Burrower's interest in the Propeny undar the tcrms of this Sccurity Instrument: (b)is not pe�rsanal�Y�b�iBated to pA�the sums
<br /> secured by Ihis Security Instrument;and(c)agrees►hat Lender and nny other Borrower may agrex to extend.modify.forbear a�
<br /> muke any accommodatiorns wich regurd tu t�ie rterms of this Security Instrument or tht Note without that Borrower's rnnsent.
<br /> 13.Loan�CMraes. If the loan securrLi by this Sccurity Instrument is subject to a law which sets ma�cimum loan charges.
<br /> and thut law is finally interpretcd so thut the intcrest or other loan charges collccted or to be collected in to�ti�o�h�
<br /> loan exceed the pertnitted limits.then: (a)any such loan charge shall be rcduceci by the amounc nocessary
<br /> to dtc permittec'I limit;and(b)any sums ulrcady collected from Borrowcr which excealed permitted limits will be refunded to
<br /> � Bor[nwer. i.ender may choose to ma1:¢ rais refund by ralucing thc p+incipal owod under �he Note or b�nmakia h�di�
<br /> pnyment to &►rmw'er. if a rcfiind rainres principal, the rcduction will be trcated as a partial �►repay
<br /> prepuyment chargc undcr thc Notc.
<br /> 14.No4fcYS�Any noticc to Borra�vrsr�rovided for in this Security Instniment shali be given by dclivering it or by mailing
<br /> ic by first alavs�nai� unless applicable 1¢w�i:,auires use of:uiodier metiiod. The notice shall be directed to the Propercy Aadress
<br /> ar any other uc'ldress Bonower desi�nuttes uy notice to Ltnder. Any notice to Lender shall b� �iven by first cless mail to
<br /> i��ndcr's address stated hercin or any other address Lcnder dcsignates by notice to Borrower. :���y notia providal for in�:is
<br /> 5oc�urity Instrumcnt sBall bc decmed to havc been givcn to Bo�TOwcr or Lcncicr whcn given as provided in this paragraph•
<br /> 15.�overnfng LAw; Sevcrabiltty. This Scxurit�; Instrument shall bc govemcd by federal law und the law of the
<br /> jurisdiction in which the Property is lo�.titcd. In tlie event that any provision or clause of this Sei�uriry Instrua2rrmt or the N4t:
<br /> conflicts with applic:able Inw, cuch con0ict s".�all not affect other provisiuns of this Security instruccw'::r.�or the Note which ca�m�
<br /> given efCect wit�out the conflictin�prnvisiun. To this end the provisions of tl�is Security Instrurtrent and the Note are des�arecl
<br /> to be sevcrablc.
<br /> 1�,Borrower's Copy.]3anower shu{I be given uJre conformod copy of tlie N�t:�.�nd of this Security Instrument.
<br /> Fam 3028 9I90
<br /> p�4 0l 0
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