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<br /> payments may no longer be mquired,at the option oi Lender. if mo»gago insurunce caveruge(fn the amount vtd for the pcdod
<br /> • ' cha►l.cnder require3)provids+d by un insurer appraved by l.cadm agnin accnmcs avAitnble and Is obtained. Bonawer shall pay
<br /> , ..'j �' the premiums required to maiatafn mortgage insurnnce in effcct,ar ta pravlde o loss reserve,until the requirement for�ort�a�e
<br /> Q insuranse ends in accordance with any written agreement botwr2tn�n�awer and l.ender or upplicnble iaw.
<br /> �M 9,ln9pectlon.Leaid:r or iu agent may mnkc reasannbla antt3as upon and inspections of the Prapeny. l.ender shall�ivc
<br /> . � Borrower notice at the time of o:prior to nn Inspection spccit}�inp rensanabte cnuse far the inspection.
<br /> . � � fia.Condwnnaliou.The pracceds of uny nward or cl��im for damnges, direct or conseyuential, in conrtection with any
<br /> � � condemnacion or other talcing oi any pan of the Propsety.or gor ccmveynnce in Ifeu of condemnution.are hercby assigned And
<br /> ' : a sttall be paid ta Lender.
<br /> .• • ���.� � In the event of a total taking of the Property.the proceeds shnll be npplied to the sums secured by this Secu�tty Instn►ment, _.
<br /> �'� � whether ar not then d¢e.wtth su►y eacess p�tid to Eorro�ver. in the event of a partial taking of the Properry in which ttie fair
<br /> �"�'�� market value of the Property immediately before the takinA is equsil to or grenter than the arnount of the sums secured by this .
<br /> ,""""�"'`�: Secur�ty lastniment imtnediately before the taking.unless Boriower and l.endee oiherwise agree in weiting,the sums secarred by
<br /> ,� this Securiry Instrument shali be reduced by th6 amount of tbe proceeds multiplied by the fallawiag fraction: (n)the tot,�l
<br /> , S.•. aznaunt of the sums secured immediatefy before tha tuking.divided by lb)the fair market v�luc of the Prapctty imm�diately
<br /> a � before the takiag. My balaztce shall be paid to Sortower. In the event of a partial taking of the Properry in which the fait �
<br /> ` market value of the Property immediately bctfore tho tah�ag Is less than the amount of the swns secured immediatcly bsfore the
<br /> , ;
<br />. �. taking,unless Hon+ower and L.ender otherwise agrec in�urcitins or ualess applicalsle law othenvlse pmvides.thQ proceeds shall °
<br /> � be applled to the sums secured by this Security instnua@nt whether or not the sums are then due.
<br /> " If the Ptoperty is abandoned by Bornower,or if,aftcr aotice by Lender to Burrow�r that tha condemnor offers to make an
<br /> awazd or settle a cla[m for damages, Borrower fails ta respond to Leader within 30 days aftea th�dac�th�notice is given,
<br /> �:��' Lender is au�horir.ed ta..oll��t aad a} dy the p.oce,•de,at i 3 optIon,etther to reatoration or repair of the f'roprrty ar to[he sums
<br /> • ,�' secured by this Secur[ty Instniment,whether or not then due.
<br /> • � Ualess Lender end Bornower otherwise agree in wcltin$,any applicatton of pmceeds to priacipal shall not extend oc
<br /> , , ,;,:': ,}' � postpone the duo daze of the moattily paymente refecaed to in paragraphs !and 2 or change the amount of sucb pay�nents.
<br /> . 11.Bora+��rer Not Refeased;Forlsearance�y Lender Not a We[ver.Extension of the tirae for payment or moslification
<br />-Y,,. .. :.� + of aanortluuion of the aums secured by this Security Instsument granted by Lender to any succeuor in interest of Borrower shall
<br /> , Qot operate tu rolease th�liability of the original Borro�v�r ar Borrower's succ�essors In lnterest.Lender shaD•not be requirod to
<br /> �• commcnce proeeedings agaiast any succes�or in interest or refuse to extend Wne for paycnent or otheruvise aiodify smortizadon
<br /> .� r��.,�M1.: of ttee sums see�ued by this Security Hnsirument by reason of any demand made by the original Bonower or Borrower's
<br /> `' ti r; t�'e..y successots id inte,rest. Any forbearance by E,ender in exerr.ising aay right or remedy shall not be a waiver of or precIude ttre
<br />-„:':Gy :. . , e�cercisc of any rlglu or re�medy.
<br /> i �x�=�'�r` � IZ. Suecessars aad i�igus Bo�ucd;.ioint and $everai Liab�iiy; Co-sigaers. Thc cove�ants wnt agrc�cuuuis vi i�ie
<br />;i�i.;.:i'i`'`;�f��••'; Se�urity Inst�ument shal! bind and bene8t the successors aad assigas of I.ender and Bomnwer� subject to the pmvisians of
<br />�is,r;�r�,:,�;r,t•,;
<br /> ..�-�. „ ..�.�i�,: paragraph 17. Bosrowrer's covenants and agreemeuta shall be joint and several. Any Borrawer who co-signs this Secudty
<br />:;��''`� �` '�''� Itismiment but does not ea�eque the Note: (a)is casigaing this Security Insmiment only to moRgage,grant artd convey thac
<br /> �;.,;,;,;,�;:,
<br />;;r, :.�` �:, ;` Borrower's iaterest in th�Property under the teims of this Securtty Instrument:(b)ls not personally obligatod to pay the swms
<br />�����,; secured by this Security I�ystruuieut;and(c)agrces that Leader and any other Bornawer may agrce w eztend,.modify,forbear or
<br /> ,�����x�.,�,,,� makc any accommodatIons with regard to the tem�s of this Security Instrument or the Nate without that Bortower's oonsent.
<br /> n;;�,.;�,�� ` 13.Loan Charges.If tha loan secured by this Securlry Inswment is subject w a law which•sets maximum loan chazges,
<br />%:T r�,�� and that law is finally interpreted so that the interest or oiher loan charges collected or to be collected in con�iection with ttie
<br />--'�'^�-••���'' loan exoeed the permitted limita.theu:(a)any such loan charge ehall be reduc•,ed by the amount necessary ep.re�uce the charge
<br />"r�.�._�r_:��� to the perniltted limit; aad(Ix)any sums already collxoed from Borrower whioh exceeded permitted limits aiil be refunded to
<br />-,..,s,.,,,-�= Borrower. Lender may choose to make this refund by ceducing the prIacipal owed under the Note or by•makiag a dIrect
<br />��r�4���■ payment to Borrower. If a refund reduces priacipal, the reduction will be treate� as a partial prepayment wlthout any
<br />=��`�'�"°'�i� prepayment charge under the Note.
<br />-"s��'� 14.Notices.Any notice to Borrower provided fos in this Se�uriry Insuumeat shal!be given by delEvering it or by mailhzg
<br /> 3�� by applicable law requires use of another method.The noticc shall be ditected to the Ptopeity AddriCSa
<br /> 1-1 it fust class mail unless
<br />'��;�;�=."•"�" or az►y other address Borrowei desiguates by notice to Leader. Any notice to Lender shall be givea by first class maii'�tb �
<br />— � 4� "` Lender's address stated herein or any otlier address[,ender designates by notice to Borrower, Any norice provided for i�this
<br />_:�;.;. Secudty Instrument shall be deemed to haye beea given to Borrower or Lender when given as provicied in this paragraph. •
<br /> - - 15.Governing Law; Severabilify. This Security Iasuument shal! be goveme� by federal law and the law of the�.,�
<br /> ��,,,,�,�� judsdicdon In which the Property is located. In the.event�hat any pmviston or clause of this Security Instrument or the Note;�:,
<br /> -�=—='� '' conflicts wIth applicable law,such contlict shaU not affect other proviaions of this Security Instrument or the Note which caa be r�v •
<br />_ ;".�;�;;;.�1'� givea effect without the conflicting pmv[sIon.To this end the proqiafons of this Secudty Insuument and the Note are declared
<br /> z�i=�;��•k? to be severable. •r
<br />�`.' ,:��:_. 16.Homower's Copy.Borrower shall be�iven one conforn�ed copy of the Note and of th9s SecurIry Instn�ment. '
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<br />����� Form 3028 8/90
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