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<br /> � paymrnt+may ni� lun�!cr hr rrquir��l. :U thc opti�ui ul Lendor, if mort�ug� in+uranrc r��vcru}tc(in Ih gi��t a�l'll fiir t ic pci�,J
<br /> �
<br /> ,.,� thaU l.cnd�r rcyuires) pruvidcd hy mi iu+urcr upprovcd by l,cndcr aguin h�cumcti a�'ailnbl�and iti uhtaincd. Hurrowrr+hull pay —
<br /> thc prcmium+rcquired tu mi�int�iin murtga�c insuranrc in cffcet.��r t�� providc u luxs rescrvc. until thc requircmcnt fur nu�rtgagc —
<br /> . �,:�;� Insu�unCC Cnd�In ac�urd:tnr� �vill►any �tirilten a�rcc�i�ent hct�ti•ecn Borrowct'�tnd Lrnder��r a(�plirahle I.iw. G
<br /> ���� 9. Inspection. L.cnJcr ur its agent may nt:tkc rcasrniable cntricti upun and inspc�tions of thc ('ropcny. Li'nder shall givc
<br /> �,� f3i�rrowcr notirc cu thc timc uf ur priur to iin in�pcctiun tipccifyinL rcasonablc causc f'or thc inspectiun.
<br /> � 10. Condemnutian. 'Thc procecd,uf uny award ur rlaim far damagcs, dire�t or cunsryucntiul. in runncction with any
<br />- r�mJcmnatiun i�r uthcr taking ol'uny pan uf thc Property, or for convcyuncc in licu of c�,ndcmnution. arc hcrchy aysigned and
<br /> y shull hc paid tu Lendcr.
<br /> . In the event of u total taking af the Pruperty,the pruceed.shall be applied ta thc�um�secured by thi�Securiry Instrument,
<br /> ,q�. whcthcr c�r not thcn duc, with any exce.s paid tu Borrower. ln the evcnt of a partiul taking of thc Propcny in which the fair
<br /> � markct value of thc Propeny immediutely bcforc the taking is equal to or greuter than the amount of the tiums secured by this
<br /> � Sccurity Instrument immediutely Nefore the taking,unless Bonower und Lender otherwisr ugree in writing,the sums secured by
<br /> , this Securiry Instrmnent shull be reduced by the amaunt of the pmceeds multiplied by the following fraction: (a) the total
<br /> amount af thc sums secured immcdiutcly beforc thc taking, divided by (b)the fair markct value of the Praperty immediAtcly
<br /> beforc the taking. Any balance shall be paid to Borrower. In tiie event of a parci�l tuking of the Property in which the fair
<br /> markct valuc of thc Property immediutely bcfore thc taking is less than thc amount uf the sumc securcd immediately hefore the —
<br /> � � taking,unluss Hc�rrowcr and [.cnder uthcrwise ugree in writing ur unless applicable law othcnvise provides, the procecds shall
<br /> bc applicd tu thc sums sccurcd by this Security Instn�ment whcthcr or not the sumt ure then due.
<br /> ,,...� If thc Propeny is abandnned by Borrowcr, or if',after notice by Lender to Horrower that the condemnor offers to make an
<br /> award or setUc u claim I'or damages, Borrowcr fuilti ta respond tn Lender w;thin 30 days after the dnte the notice is given.
<br /> � Lcnder is auchorircd ta coUcct and apply thc procceds,ut its option,eithcr to restoration or repnir of thc Property or to the sums
<br /> . secured by this Sccuriry Instrumcnt,whcthcr or not thcn due.
<br />-� Unless Lander und Borrower ��therwise agree in writing, any applicution of proce,�:ds to principal shall not extend or
<br /> ' pn�tponc the due date of thc manthly payments referred to i�i paragruphs 1 imd 2 or change the amount of such payntents.
<br /> .`�,� I1.Bnrrawcr Not Released;Forbeurance By Lender Not a Waiver.Extensic�n of thc timc for puyment or modification
<br /> of amonixution of the sums secured by this Securiry instrument granted by Lender to any successor in interest of Borrower snall
<br /> , not operate to rcicasc the liability of the onginul tiorrowcr ur Burruwrr���uccci56i5 ir iid:.iC�:. �-C1:3Cf�h�I� R^?�1P*!'.^,�l1'C�tn
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<br />- .�,�:r�, �� commencc proceeJings against any successor in interest c�r refuse to cxtend time for � ment or otherwise ntodify amortization
<br /> �.::��:fi w � of the �ums secureci by this Security [nstrument by reason of nny demand made by the original Borrower or Borrower's
<br />�_�.�rn��� sucecssurs in intcrest. Any forbearnncc by Lsndcr in cxcrcising any right or re►ncciy shull not be a waivcr of or preclude the
<br />�;��f��.a excrcisc of uny right or rcmcdy.
<br /> ""`"^��'��'i� 12, tiucces.u�rs and Aksi�ns Bound; di�int And 5everal I.fability; Co-siRners. The covenants .u�d agrecments of this
<br />�"'�"""'� Sccurity Instrumcnt shull bind anJ bcnetit thc sucressarx und ass�gm u f IA:n dcr an J Buuuwc,. ,u b J�c t c a t h c provisions of -
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<br /> ---.. . pimigruph 17. Borruwcr's covcnants und ugrccments shull bc joint und scvcrul. Any Horrowcr wh�� co-signs this Sccunty
<br />_�;,:��, .A� Instrument but d�xs nrn executc thc Notc: (u) is ru-si�ning thi.r Sccurity Instrument unly to mi�rtgitbc, grant und convey thut
<br /> ac�.:e.r, Eii�rruwcr'ti interert in the Propcny under thr trrms of thir Sccurity Instrumenr. (b1 is not persimully ublibuted a�puy thc sums
<br /> '�"°'�'`� sccurcd by thiti Sccurity Instrument; and (c)ubrccs that LenJcr and any othcr Borrowcr may ugrcc to extend, modify, ti�rbeur or
<br />�'��'� make any uca�mnu�clations with regarJ to the terms��f this Security Instrument ar the Note without thut Born�wer's cunsent.
<br />�"��� 13. I.uu� Chnr{tes. if the loan secured by this Securiry Instrument i�subject t��u linv which tiets mnximum loun charges,
<br />�-�a;����:.�d�
<br /> �•�,.e;.. anJ thnt luw is finally interpreted w that the interest or other loan churges cullected��r to he roUected in connection with t e
<br /> :`.--:'�:� Iciun exreed the permiued limits,then: (u)any such loun churge tihuU be reduced by the amount necessary to reduce the charge
<br />?-''�+��'v� to thc permittcd limit:and (b) uny swns alrcady collcctcd from Borrower which cxcccded permittcd limits will tx:refunded to
<br /> `�stt�; Borruwer. Lender may choose to make this rcfund by rcducing thc prinripal owed under the Note or by making a dircct
<br />�'°�'"�"�� � mcnt w Borrowcr. If a refund reduccs principal, thc rcduction will bc treuted us a pattial prcpayment witttout nny
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<br /> LL_--�'-.,�� prcpnymcnt charEc undcr thc Notc.
<br /> �:��y.�� 14. Nottces.Any notice to Borrovier providcd for in this Sccuriry Instrumcnt shall be givcn by dclivering it or by m�iling
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<br /> _ Q it by tirst clas� mail unless applicable luw reyuires use of another method.The notice shtill be directcd to the Property�.d ress
<br />—:-�`-��-'`"` or any othcr address Borre�wcr dcsignates by notirc to Lendcr. Any notirc to Lendcr shull be given by fint class mail to
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<br />_ .:;.,,..c,-. ., L.cndcr's addrers statcd herein or uny othcr address Lcnder designutcs by noticc to Borrower. Any noticc providcd for in thts
<br />_ ..�+�;�. Scruriry Instrumcnt shull bc dcemed to have bccn given ro Borrowcr or Lcnder when givcn us provided in diis parxgnph.
<br />--� , I5. (:�►vernin�.� I.aw; tieverablUty. This Security In+trument tihull bc governecf by federal luw xnd the IflK• of the
<br />' • jurisdictiun in whirh thc Propeny is li�catcd. In the cvcnt that :u�y provision or rlausr uf thix Security Instrumcnt or thc Notc
<br /> '. contlicts with applirablc law, �uch rontlire shxll not affcct othcr provisianti of!his Scruriry [ntitrument��r thc Notc which can bc _
<br /> ' + given eF1'ect without thc runllictinE provisiim. To this end the provisions of this Securiry In�rrument and the Nute ure declared
<br /> � �� to bc scvrrxble.
<br /> ' � 16. liorrmver's Copy.Borruwer shall bc given onc cont'ormcd ci�py of the Note:md uf this Sccuriry In�reumcnt.
<br /> . Form 3028 9/90
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