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<br /> _ puyments muy�ao Inngcr!x required, ut thc uptian of l.cnd�r,if'mnngagc intiuruncc rovcragc lin thc vnount und for the periai
<br /> ;� that L.endcr requires)pmvidcd b� un insumr uppr�wed hy L.cndcr a�!uin bcconuti avnilablc and is obtaincd. Borrowcr rhull pay
<br /> thc prcmiums rcyuircd tu maintain mortgabc insuruncc in cffcct.nr ta prirvidc a luss rescrvc,until thc rcyuircment fur mortgc�gc
<br /> �' = ' insuriince ends in accordanee wi�h iiny wri►ten ugreement hetween Burrower nnd I.ender or upplicable law.
<br /> ' ' 9, Mspectlnn. l.endrr ar itx nFent may mukc rcusonublc cntrics upon und intipecticros ��t'thc Praperty. I.endcr shall give �
<br /> Bor�owcr nnticc at th�c timc��f or prior tu un inspectian spccifying rcus�mublc rausc for thc insFx:ction.
<br /> • •' l0. Condemnatlon.The pnxeeds��f uny uward or rtaim fnr dumageti. Jirect i�r ransequential, in connection with any �
<br /> condcmmuirni or othcr taking of any pan��f thc Pro}x:rty. ar f��r comcyancc in lieu of condemnatiim, are hereby atisigncd and �
<br />_�-• ° � shall bc paid ro Lcixicr.
<br /> In the event of:�total tuking of the Prnperty,the pnx:ceds shall be applied ta the sums secureci by this Securiry Instntment. �r1
<br /> � whether or not thcn dur, with any cxccss paid to Borrowcr. In thc event of a partiul taking ��f thc Properi}• in which the fair �
<br />:,. ; ' market value of the Property imn�ediately beibrc the t:►king is eyual to or gre:uer than the amount of the swiu�ec.ured by this �
<br /> ^�w• - Sr:curity lmtrument immediately before thc t:iking, unless Borrc�wcr and Lcndcr othenvise agree in writing, the sums secured by
<br /> - � this Security Instrument sh:ill be reduced by tbe umount of the proceeds multiplied by the follnwing fractian: (al the total �
<br /> amount of thc sums secured immediately before the taking,divided by (b) the fair market value of the Property immcidiately
<br />`;�;�•: � befare the taking. Any balance shall be paid to Borrow•cr. In the event of a partial taking of the Property in which the fair _
<br /> market value of the Propeny imnxdiately beforc the taking is less than the amount of[he sums securecl immediately befare the
<br /> _. tuking. unless Barrower aid Lender otherwis�agrce in�vritin�or unless applicable law othenvise provides, the proceeds shall
<br />_h:°_ . be applied[o the sums secured by this Securiry Instrun�ent whether or not the sums are then due.
<br /> '. ' " If the Propeny is abxndoned by Borrower,or if, after notice by Lender to Borrower that che condemnor offers to make an
<br /> � awurd or settle a claim far damages, Bonowcr f:iils to re�pond to Lender within 30 days af�er the date the notice is given,
<br />-' ~' l.ender is authorized ro collect and apply the proceeds,at its option, either to restoration ar repair of the Property or to the sums
<br /> . ,..,'a ' secured by this Secu�ty Instrument,whether or not then due.
<br /> Unless Lender and Borrower othenvise Agree in writing. any upplicxttion of proceeds ro principal shall not extend or
<br />:���'••.`� • postpone the due date of the monthly payments refened ta in paragraphs l and 2 or change the amount of such payments.
<br /> _„u,��� = 11.BorroH�er Not Released:Forbearunce By I.ender Not a Wniver. Extension of thc time for payment or modification
<br /> • of amortization ot the sums secured by this Security Instrument granted by Lender ta any successor in interest af Borrower shall
<br /> ��`�`r� not operate to relcase the liabiliry of the original Barrower or Borrower's successars in interest.L.ender shnll not be required to
<br /> -�.��J��+;� CUpt1IlClII:G �ia�a.i:d3liib� aga's�st any sucr�:.��r ist intnrc<_r�r rrfu�c���extend time for payment or otherwise modify amorlization
<br /> �,_��. �� of the sums secured by this Security Instrument by reuson of uny demand made by the originnl Borrower or Borrower's
<br /> -�q:�'-�'� successors in interest. Any forbearance by Lender in exercising any right or remedy shall nat be a waiver of or preclude the
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<br />--�=_� exercise of any right or remedy.
<br />--_��� 12. Successors and Assigns Bou�d; Joint and Severnl Liabillty; Casi�nerb. The cavenants and agreements of this
<br /> �^`"" Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borrrn�'er, subject to the provisions of
<br /> ,...:,
<br /> ���'� paragraph 17. Borrower's covenants and agroements shall be joint and severuL Any Bormwer who co-signs this Securiry
<br /> Instrumens but does not execute the Note: (n) is co-signing this Security Instrument only to mortgage, grunt and convey that
<br />_-��-----°`-=' Horrower's interest in the Property under the terms of►1►is Socurity Instrumenr, (b) is not personally obligated to pay the sums
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<br /> �.,,,,���; secured by thi�Security Instrumenr and(c)agrces that Lender and any other Borrower may agree to extend, modify,forbear or
<br /> ;:_��i�:�; make any acconunodations with regard to the terms of this Securiry Insrrument or the Note without that Borrower's wnsent.
<br /> �- 13. Loan Charges.If the loan secured by this Security Instrument is subject to a law whieh sets maximum loan charges,
<br /> —, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> = loan exceed the pern»ttod limits, then: (a)any such loan charge shall be rcduced by the amount necessary to re�uce the charge
<br /> __, to the permitted limit: and (b)any sums nlready collected from &�rrower which exceedeci permitted limits will be cefunded to
<br /> -_;;:� Borrower. Lender may choose to mal;o this refund by �educing the priucipal o�ved under the Note or by making a direct
<br /> _ payment to Bortower. if a refund reduces principal, the raiuction will be tmated as a partial prepayment without any
<br /> --�-_=---- prepayment charge under the Note.
<br /> 14. Nottees. Any notice to 8orrower providai far in this Security Instrument shall be given by deiivering it or by mailing
<br /> it by first class mail unless upplicable law requires usc of another method. The noticc shall be dirQCted to thc Property Addmss
<br /> °�°— or any other address Borcow�er designates by notice to I.ender. Any notice to Lender shall be given by first class mail to
<br /> ---,--— Lcnder's address stated herein or any other address Lender designatcs by noticc to Borrowcr.Any notice provided for in this
<br />____� Security Instrument shall be deemed to have been given to Borrower or Lender when given as providecl in this pa�-agraph.
<br /> .,�� 15. Governfng Law; Sevcrability. This Securiry Instrument shall bc governed by federal law and thc law of the
<br /> ____�'�___ jurisdiction in which the Property is locatecl. In the event that any provision or clause of this Security Instrument or the Not�
<br /> _=�`°�"���" conflicts with applicable law,such conflict shall nnt affect other provisions of this Sccuriry Instrument or the Note which can be
<br /> �`'`� given effect without the conflictine provision. To this end the pmvisions of this Security Instrument and the Note are declared
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<br /> _'�t" :.=�� •- to be severnble.
<br />-- _ .. 16. Barmx�er's Cop�•.Burrower shall be given one cunfornied mpy ot'the Note and of this Security Inatrument.
<br />-e_.r,�`�',;.. - Form 3028 9l90
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