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<br /> pnymenih muy nu laagcr bc rcquircd,nt thc��ptiun of l.�ndcr, if mnngi�gc in�urim�'c cuvcrugc l in Ihc umount tutd fiu thc peri�xi _
<br /> thut IAndcr rcyuires)pruvidal by un in�urer appn,v�til by IAnder :ignin hecomes uvnilahle und iv ohtulucd. Ikirrower shidl puy
<br /> tiic�n���uium+rcquircd tu matntain mortgnyc inyuranrc in cffec�,nr to p�uvidc u luti�re�,rrvc,until�hr rcquircmcnt fur m�tttgngc �
<br /> in�uramcc cixt.r iu uca�rduucc with uny wriucn agrcenxnt bctwccn t3orrawcr+uxi l.c�xlcr��r upplicublc luw.
<br /> 9. In4p�+�11on. l.ender��r itti ugent nmy muke reus�muble entrics u�xm und in�{xctions uP the Hmperty. Lender shull give _
<br /> &�rrower nntice at the time oF or prinr tc�un inspection sperifying rea,cmable cuuse f'or ihe inspi:rtinn.
<br /> 10. C�ndcmnatlun� Thc pnxccds of any uward or cluim for dunu�;es, dircrt ar conzequcntiul.in conncction wich uny
<br /> amdcmnution or othcr tuking c�f uny pan of the Pr��perty.ur far cunveylnce in licu nf condemnati�m,ure hereby ussign�l u�d
<br /> shull Ue puid to L.cndcr. —
<br /> In the event af a totul ti�king of the Propeny,the prcxeecls shall be applied tu the sums secured by this Sccurity Instrument,
<br /> whether ur nat then due, with a�iy excess paid to Borrower. In the event of u partial taking of the Property in which the fair
<br /> tnurket valuc af the Propsrty immediutcly beforc thc taking is cqual ta ar grcatcr than thc umciunt of thc sums sccurcd by this
<br /> Sccuriry Instrumer�t immediutely before thc taking,unless Borrower and l.ender othenvise ngree in writing,the sums secured by
<br /> this Security Instrument shull be reduced by the amount of the proceeds multiplied by the following fraction: (a) the tota!
<br /> umaunt of the sums secured immediutely befare the tuking, divided by(b)the fnir market valuc of the Property immediately
<br /> before the taking. Any balunce shall be paiJ to Burruwer. In the evcnt of a parciul caking of ihe Property in which the fair _..
<br /> market vulue of'the Property immedistely before the tuking is less than the umount of the sums secured immediately before the
<br /> taking, unless Borrower and Lender otherwesc agrcc in writing or unless upplicable law otherwise pravides, the proceeds shall
<br /> be applied to the sums secured by thi�Security Instrument whether or not the sums are then due.
<br /> If the Property is abandonad by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a claim for damages, Bon•ower fails to respond tn Lender within 30 days after the date the notice is given,
<br /> Lender is authorized to collect and apply the proceeds,at its option,either to restorntion or repair of the Property or to the sums
<br /> secured by chis Security Instrument,whether or not then due.
<br /> Unless I.ender and Borrower otherwise agree in writing, any :�pplicntion of proceeds to principal shall not extend or
<br /> postpone the due date of the manthly payments referred to in paragraphs 1 and 2 or change the umount of such payments.
<br /> 11. Borrower Not Released;ForbeArance By Lender Not a Waiver.Extensian of the time for puyment or mcxlification
<br /> of amortizat�on of tiie sums secureci by ii�ia Sccuriiy insirumcnt Srarcc�+by Lendec te�Y s'!c��.�`"r in interest of Bortower shall
<br /> nut operate to releaae the liability of the original Bonower or Borrower's successors in interest.l.ender shall not be required to
<br /> cammence proceedings aqainst any successor in interest or refuse to extend time for poyment or otherwise modify amortixatian
<br /> of the sums secured by this Security Instrument by rcason of any demand mude by the originul Borrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude tlie
<br /> eaercise of any right or reme�y.
<br /> 12. Successors ond Assigns Bound; Joint and Several Liability; Co-slgners. The covenants and agreements of this
<br /> Security Instrument shall bind and benefit the succcssors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragruph 17. Borrower's covenants and agreements shall be joint and severnl. Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey that
<br /> Borrower's interest in the Property under the terms of this Security lnstrument; (b)is not personally obligated to pay the sums
<br /> secured by this Security Instrument;and(c)agrees that Lender and any other Borrower mny agree to extend, modtfy,forbear or
<br /> make ahy accommadations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan ChAtges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan chnrges,
<br /> and that law is finally interpretecl so thet the interest or othcr loan churges collected or to be collected in connection with the
<br /> loan exceed the permitted limits, then: (n) nny such loan charge shull be reduced by the nmount necessary to reduce the charge
<br /> to the permitted limir and(b)uny sums already collected from Barrower which exceeded permitted limits will be refunded to
<br /> Borrower. Lender may chaose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction witl be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security instrument shall be�iven by delivering it or by mniling
<br /> it by first cluss muil unless s�pplicable law requires use of another method.The notice shall be directal to the Properry Address
<br /> ` or any other address Bornower designates by notice to Lender. Any notice to L.ender shall be given by fitst class mail to
<br /> • Lendcr's address stated herein or any other address Lendcr designates by notice to Borrowcr.Any noticc provided for in this
<br /> - Secuiiry Instrument shall�e deemed to have been given to Borro��er or Lender�vhen givcn as providcrl in this paragr�ph.
<br /> • 15.Governing I.aw; Severabiltty. This Security Ins[rurnent shall bu governai by fcderal luw and the law of the
<br /> jurisdiction in which the Property is lacuted. In the event thut any provision or clausc of this Security Instrument or the Note
<br /> conflic:ts with applicable law, such conflict shall not uffect other provisions of this Security Inst►ument or the Note which can be
<br /> given effect withuut tho conflicting provision. To this end the provisions of this Security Instrument and the Note are declured
<br /> to be�evernble.
<br /> 16.Borrox•er's Copy.B��rrower shull be given one ronforcned copy of the Ncte and of this Sewriry Instrument.
<br /> Form 3028 9/90
<br /> P�ye 4 0�0
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