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<br /> puynxnts nwy no l�mgcr bc rcyuircYi,uR thc uptian nf I.c�Hfet, ii inortgugc Insuruncc covcrugc(in th�unx�unt und for thc perl�xi
<br /> that L.encicr rcquires)provideJ by un insurcr nppraved by Lender ugain bcconxs uvuilabic uixl i�obtuincd. &�rrower nhall pay
<br /> the promiums rcquired w nu�intain murtgagc insurance in effec:t,ur tu provlde u loss rcu�rvc,until thc rcquircment f��r im�hguge
<br /> insurance ends in accordanre with any wdtten ngrcement between&+rn�wer und I.e�xfer��r applicuble luw.
<br /> 9. it�.,pectioa. Lcndcr nr its agent nu�y n�f�ke reaconahle entrles upon and inspcctiw�s uf the Pruper►y. I.endcr shull give
<br /> Bottower notice at the dme uf or priar tu an inspection specifying rcu�onuble cause for the inspectiun.
<br /> 10. Condemnat(on. The pnxeals of uny award or claim For damuges,direct ar consequential, in cunnectlan with any
<br /> condemnation or ather tuking af any part of the Prapeny.or fur convcyunce in lieu of cundemnution,arc hereby ussigned and
<br /> shall be paid to l.ender.
<br /> In the e��ent of a total taking of the Property,the proceads shall be applied to the sums secured by this Security Instrunient.
<br /> whethcr ar not then due. wlth nny excess p�id to Borrower. In the event of n pa�ial tuking of the Property in which the fuir
<br /> murket value of the Property immedintely before the taking is equal to or gmats.r than the►unount of the sums uxural by this
<br /> Security Instrument immediatcly befare the taking,unless Horrower und Lcnder othenvise agree In writing.the sums saured by
<br /> this Security Instrument shall be reduced by the amount of the proceeds multipliai by the follawing frnctlon: (a)tho totul
<br /> umaunt of the sums secured immediately before the taking, divided by (b) the fair market valua of the Property immediutely
<br /> before the taking. Any balance shuil be paid to Bonower. In the evtnt of u partiaf tukjng of the Property in which the fair
<br /> market value of the Properry immediately befom the teking is less thun the nmount of the sums securr.d imme�iately before the
<br /> taking. unless Borrower and Lender othcrwise agree i��writi�►g or unless applicablc law othenvise provides,the proceecls shall
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower.ar if,ufter notice by Lender to Borrower t�at the condemnor offecs to make an
<br /> award or setde a claim for damages, Borrower fails to respond to I.ender within 30 days after the date the notice is given.
<br /> Lender is authoriud to collect and apply the proceecis,at its option, either to restoration or mpair of the Property or to the sums
<br /> se.cured by this Securiry Insuvment,whether or not then due.
<br /> Unless I.Nnder and Borcower othenvise agree in writing, any application of procoeds to principal shall not extend or
<br /> postpone the due date of the monthly Rayment�referred to in p:uagraphs 1 and 2 or change the�unount of such payments.
<br /> I1.Borrower Not ReltasM;Forbatrattce By I.ender Not x Waiver.Extension of the time for payment or n�odification
<br /> of amortization of the sums secured by this Security Instrument granted by L.ender to any successor in interest of Borrower shall
<br /> not operate to releuse the liability of the originai Barrower or Horrowcr's successors in interest. Lender shall n�t be required to
<br /> cammenee proceeciings a�ainsi u►ry sua.-«,;�vi i�ii�i�i2Si OI'tC�%ta Cx:Li'.;.1:;�ir fOf�:i�S22CAt 4T 4IIlPl45'1�'[!lL�ifv arn�rti73t1oR
<br /> of the sums secureci by this Serurity inst�ument by reason of any dem�aaxl made by the original Borrower or Borrower's
<br /> successors in intec�est.Any forbearnnca by Lender in exercising any right or remedy shctll not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Suocessors and Assigctg Bound;Jaint and Severnl Ltability; Casigners. The covenants and agraments of this
<br /> Security Instnumnt shnll bind and benefit the sucoessors and assigns of I.ender and Borrower, subjeet to the pmvisions of
<br /> paragraph 17. Borrower's cavenants and ag�ecments shaU be joint and several. Any Borrower who co•signs this Secutity
<br /> Instrument but dces not execuee the Note: (a) is ca-signing this Security Instcument only to moKgage. grant and convey that
<br />. Borrower's interest in the Property under the terms af this 3ecurity Instrumcnt; (b}is not personally obligated to pay tho sums
<br /> secured by this Securiry Instniment;and(c)agrces that Lender end Any other Barrower may ngree to extend,modify.forbear or
<br /> make any uccommo.dations with regard to the terms of this Security Instrument or the Note without that Borrower's conse�it.
<br /> 13.I.o�n Charges. If the loan secured by this Security Instrument is subject to a law which sets mtuimum loan charges.
<br /> and that luw is finally interpreted so that the interest or other lasin charges collected or to be collected in coru�xtion with the
<br /> loan exe�ed the permltted limits. then: (a) any such loan charge si�all be reduced by the amount necessary ro reduce the charge
<br /> to the permitted limit:and(b)any surns alrcady collectcd from Borrower which exceeded permitted limits will be refi�nded to
<br /> Borrower. Lender may chaose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payrt�ent to Bonawer. It' a refund reduces principal, the coduction will be tmatod as a partial prepayment without any
<br />' prepayment charge under the Note.
<br /> 1�.Notkes.Any nuttce to Borcower provided for in this Secudry Insttument shall be given by delivering it or by mailing
<br /> it by fir�t class mail unless applicable law requires use of another method. The notice shull be directed to the Property Adde�ess
<br /> or any other address Bonower des3gnates by notice to l.endcr. Any notice to Lender shnll be given by first class matl to
<br /> Lender's address stated herein or any other address I.ender designates by nocice to Borrower. Any notice provided for in this
<br /> Securny Instrument shull be dcemed to have been given to Borroarer ur Lender when given as provided in this paragraph.
<br /> 15.Governing Law; Severabilttv. This Security InstNment shall be govemed by federal law and the ]sw of the
<br /> jurisdiction in which the Property is lacnted. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Securiry Instrument or the Note which can be
<br /> given effect without the conflicting provision. To this end the provinions of this Security Instrument and the Note ura declared
<br /> to be severable. .
<br /> 16.Borrower's Copy.Borrower shall be given ane cunformed copy of the Note and of this Security instrument.
<br /> Form 3028 9/90
<br /> P�1 of 8
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