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<br /> paymcnl+ m;iy nu luugcr ix rcquircd,ut tnc updon uf l.cndcr, if nH�rt�ngc inyuninrc cuveru�c(in thc umount nnd tiir tlic�xri�xl
<br /> thut L.cndcr rcyulresl pruvidcd hy un insurcr nppruvccl hy lAndcr ngufn hecumc� uvnila�hic� und iy ul�tulncd. [lurmwcr tihull puy
<br /> Ihc premiumr rcyuircd tn muinlufn mortgagc insurancu in ct'fcct. ur to pmvicic n lu+r roscrvc.until ihc rcquiremcnt fur nu,ngugc
<br /> insurancc ciN1ti in uccurd«nce with wiy writtcn ugrecnunt hetwcc�liorrnwcr und L.�:ndor or upplicublc Inw.
<br /> 9,Ins�te�tfnu. [.�:udc�•ur itti ugcnt muy nx►kc rcahonublc cnuics upim and inhpc�tinns ul'�he Pr���xr�y. Lcnder nhall µivc � _-
<br /> Bnrrower notic�at the time of or prior tu un ins�xcUon specifying reusonuble cause for the impeclion. �
<br />� l0. Condemm�tton. The prcxeeds af uny awnrd or dulm for dnmage,, direct or conseyuentiul, in cc+nnutlon with any
<br /> condcmnution or othcr taking of uny purt of thc Property, or for mnvcyuncc in licu of condemnntiun, urc hcreby ussigncd und
<br />, shnll be paid to L.endcr. �►
<br /> in the event of a total tuking of the Propeny,the proceeds shall be upplied to the sums secure.�1 by this Securiry Instrument, �
<br /> whethcr or nut then Juc, with uny excess puid to Banowcr. In thc event of a partial tnking of the Propeny in which the fuir _
<br /> murket vuluc af the Property immediately before the taking is equal to ar grenter than the umount of the sums securcd by this �
<br /> Security Instrument immediately beforc thc taking,unless Borrowcr and I.ender otherwisc ugree in writing,the sums sccured by
<br /> this Security lnstrutnent shail be reduced by the amount of the praxeeda multiplied by the following fraction: (a) the total Q
<br /> anzount of the sums secured immediatcly before the taking. divided by (b) thc fair market vuluc of the Property immediately
<br /> before the taking. Any balance shall be paid to Burrowcr. In the c:vent of a partial taking af the Propeny in which the fair
<br /> markct value of thti Property immediately before the taking is less than the amount of the sums secured immediately before thc
<br /> ts�king,unless Borrower and Lender otherwise agree in�vcnting or unless applicable law otherwise proviJes, the proceeds shall —
<br /> be applied ta the sums secured by this Security Instniment whether or not the sums a�e lhen due.
<br /> If the Praperty is abandoned by Borrower,or if, after notice by Lcnder to Bono.��er that the condemnor affers to make an
<br /> award or settle a ylaim for dAmuges, Borenx��er fails to respond to Lender within 30 dAys after tfie date the not?ce is given,
<br />, Lender is authariu�d to collect and upply the proceeds,at its option, either to restorntion or repair c�A ahe Property or to the sur�s
<br /> secured by this Security Instrument,whether or not then du�.
<br /> Unless L.ender nnd Bnr,nn�ti•er othenvise agre� in writang, eny application of �?roceeds to principal sha7l u��t extend or _.
<br /> • postpone the due date of the m��nth➢y puyments referred to in paragraphs 1 and 2 ar ch:,�nge the amount of such p�y�������s.
<br /> 11. BorroKer Not Released;Forbearsince By L,en��r Not a Waua•�,r. En¢ensian of the time ffar payment ar modification
<br /> of amortizatio�of zhe sums secured by thi,Securiry Instmenznt granted by d.encier to any successar an interest of Borrower shall
<br /> nnt aperate to retease the liability of the original Borrow•er mr Banower's successors in inierest. l�n�er ahull mB1 h�e required ta
<br /> •� c�mmence pra:cedings against any successor in interest or reiuseto excend iime iar pay�naLni u�oaya��w;�c r�o y a�a:tiza:;�,.
<br /> of the sums secured by this Security Instruaient by reason of any demand rnad� �+y t�e a:egfi���9 Rorrower or Bomower's
<br /> successors in interest. Any farbearunce by Lender in exercising any right or remedy shall nat be a waiver of or preclude the
<br /> exercise of any rlght or remedy.
<br /> ' 12. Successors and Asstgns Bounds Joint And Several I,fablltty; Casigners.The covenants and ugreeme�ts of this
<br /> • Security instrument shall bind and benefit the successors and assisns of Lencter and Bonower, subject to the provisions of
<br /> - paragraph 17. Burrower's covenants and agresments shull be joint and several. Any Bormwer who co-signs this Secudty
<br /> Instrument but does not cxecutc the Note: (a) is co-signing this Security Instrument only to mortgage, grant und convey that
<br /> • Horrower's interest in the Property under the temis of this Security Instrument; (b)is rrot personally obligated tu pay the sums
<br /> secured by this Security Instrument;nnd(c)agrecs that Lender und any other Borrower may ngree to extend,modify,forbear or
<br /> � make any acwmmodations with regard to the tenns of this Securiry Instrument or the Note with�ut that Barcower's consent.
<br /> : 13. Loan Charges.If the loan secured by this Security Instrument is subject to a Inw which sets maximum loan charges.
<br /> • and that law is finally interpreted so that the interest or uther lo�n charges collected or to be collected in connection with the
<br /> loan excced the permitted limits, then: (u)any such loan chnrge shaU be roduced by the amount necessary to reduce the chargC
<br /> to the permitted limit; and(b)any sums ulread�•collected from Borrower which exceeded permitted limits will be refundod to
<br /> Borrower. Lender may choase to make this refund by reducing che principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as n partial prepayment without any
<br /> prepayment charge under the Note.
<br /> ' 14. Notices. Any notice to Borrower provided for in this Security Instntment shall be given by delivering it or by mailing
<br /> ' it by first class mail unless applicable law requires use of another method. The notice shall be dirccted to the Property Address
<br /> or any other address Borrower designates by notice to Lender. An�� notice to Lender shall be given by first cless mail to
<br /> [.ender's address stated herein or any other address Lender designates by notice to Borrowcr. Any notice provided for in this
<br /> � Security Instrument shull be dcemod to have been given to Borrower or I.ender when�iven as provided in this paragraph.
<br /> � 15. Governing Law; Severability. This Security Iastrument shall be govcrned by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Sacurity Instrument or tt►c Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Notc which can be
<br /> , given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are da:lared
<br /> to be severable.
<br />-, � 16. Borrow�er's Copy. Borrowcr sha41 be given onc conforn�ed mpy of the Notc and of this Security instrument.
<br /> � Form 3U28 9/90
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