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<br />' I� payments rn�y no lotsper be iequired,at the opdon af Lendct,If tuartgage lusuraar�:coverage(la the amount and for the pedod
<br /> that L.eixfer requlres)provIclecl by aa insurer appzaved Gy Lendcr uguin becoraes avxilable and ls obtaiaed.Borrower shall pay �
<br /> ° tde premiwns requiced to mxtatxin mortgw�e insurance in effxt.or to provlde A loss mserve,until the requireraeat for mortgage --
<br />`=.� iasurjufce ends ia accardxnce wltb any wdtten Agreement between Hormwer und I.erder ar applicable law. ry
<br /> - 9.Inapedbn.I.ender or its agent may mxke reasonable euules upan and laspecdans of t�e Property. L.ender st�all givc
<br /> Borrawer nodce�t tt�e time of or prlor Yo an laspecdou speclfying nasonablo cause for the iaspecdou.
<br /> 10. Condan�tton. The proceeds of aay award or claim for damages, dirECt�r coasequenual, in wnnecdon with Any
<br /> condemc�doa or othcr taldng of aay part of the Ptoperty. or far wnveyaace iu lieu of condemnadon,are hereby assigned and
<br /> shAll be paid to i.endet. _
<br />.�;� In the event of a total taldng of We I�roperty,the procads shall be applied to the sums secured by this Sxurlty Instrwnent, -
<br />� whether or not thea due, with any�xcess paid to Sorrower.In the event of a psudal takjng of the Properry in whIch tlie fair
<br /> �� market value of the Property immedIauly before the taking la equal to ar gceater tl�aau the amount of the sums seciued by thts
<br />_ — Securlty Insuumant immediauly before the taking,unless Bomower Aad Leuder oWerwise agree ln wri�ang,the sua�s aecured by
<br /> -- this Security Iasuutaeat s1u�U be reducai by the amount of the proceeds muldplied by tbe foAowing fmcdoa (a) the total
<br /> -� amflunt of tl� sums secuml Immedlately before the teking,dividal by(b) the fxir msuket value of the Pmperty immediately
<br /> befure ttte tAlcing. Any balance sha11 1x paid to Borrower.In the event of a partlal taldng of the Property in which the fair
<br /> market value of the Property imracdiauly before the taldng ls less than the amount of the sums securcd immediitely before the
<br /> talc�ig,uniess Bo�rower ancl Lender othenvise agree in wridag or unless applicable Yaw otherwise provides,the procxds shall
<br /> be applied to thc sums sxured by this SxurIty Iamument whether or twt the sums are thea due.
<br /> — If the Propertyr is abaudoued by Hocrower, or if,after notice by Lender to Horrawer that the condemnor offers w inake tw
<br /> swu+d or settle�cloim for dwnagea, Borrower faiLs ta respond to Lender wItbin 30 days after the datc thc noda is glven,
<br /> Leader ia Authorized to collect and apply the proceeds,at its opdon,either to restor�dom or repair of the Pmperty or to the sums
<br /> _ secured by t6is Security lasmiment,whether or aot tl�ea due,
<br /> Unless L.ender and Borrower otberuvlse agne in wridng, any applicadon of proceeds to prtncipal shall not extend or
<br /> postpone the ctue date of the montbly payments n&rred to ia pacagrxphs 1 aqd 2 or chAnge tbe wnount of such pxyments.
<br /> —_ �t:���►Ve�t Rdeas�l�Forbearaace By Lmdu Not a Watver.Bxtendon of the dm�for payment or modiHcadon
<br /> of�mort�don of tLe sums secured by thLc Securlty Instrument grantal by Lender to any socces,wr in intenst of Boirower shill
<br /> not operate to nlease the li�bility of the odglnAl Bormwer or Borrower's successore ia interest.Lender sbaU not bo crquicrd to
<br /> — coaupepce procadings against aay successor ia interest or n[use to extend dme for payment ot otherwIse madify amordrxdon
<br /> � of the suws savral by thia Securlty Insanmient by reasan of aay demxnd mAde by the orig[nal Borrower or Borrower's
<br /> successors�n interest. Aay forbaarance by L,ender in exenistng any nght or remedy sbatl not be a wsiver of or prxl�xle the
<br /> exercise of u►y dght or remedy.
<br /> 12. Suaess+�re and Axci� Bound; Joint and Severa!UabiUty; Co-si�aa�s. The covenants �wd agnemanta of tLis
<br /> � Securlty Inst�ument shall biad und benefit the svccessors uid assigus of I.ender and Borrower� subject to the pmvlsIons of
<br /> �ph 19. Borrower's covenants and agroements shall be joint and several. Any Horrower who casigns this Security
<br /> Iattrutaent but does not execute thc Note: (a) is co-slgning tLis Security Iattzument only to mortg�e� grujt aod wavey that
<br /> Borrowcr's Interest ia the Property under We terms of this SecurIty Iasawnent:(b)is not personally obligttal W pAy the sums
<br /> sxurod by this Socuriry Instcumenh and(c)agroes thAt L.ender And Any other Borrower may Agna to ext��,modify.forbair or
<br /> mil�c nny accommodad�ns wIth regard to the terms af t{ils Securlty Instniment or the Note wltho�t th�t Bormwer's coasent. �
<br /> 13.Lo�n C6ar�e�.If the loan securod by tUis Securiry Instiumont Is subject to�law which sets maximum lc�an chuges,
<br /> xpd tlut lxw is finally interpreted so tbat the inurest or other loaa charges coAected or W be collecoed in connction wIth the
<br /> iwn excad the permivat limits. thea: (a)any such lww chuge shall he reduced by the pmount nec�ssary ro reduce th�cluuge
<br /> to the pennitted limit;and(b)any sums already coIIxted from Borrower which excaded pecmittalllmits wiU be nfundal to
<br /> Bon»wer. Le�er may choosC to make this refund by nducing the princIpal owal uader the Note or by ma{dng a direct
<br /> payment to Borrower. If a refund raluces principal, tlie redu�don wW be tceated as a pudal prepayment without aay
<br /> _., pnpayment chatge under the Note.
<br /> -- lA.Naticea.Any nodce to Bottower pmvidal for in thls Sxurlty Iasm�ment shaU be given by dellvedng It or by mailing
<br />-� it by firs4 class mail unless applicable law requins use of aaother mest►od.The nodce�hall be dIrected to the Property Addnss
<br /> — or any other addcess Borrower designates by nodce to I.ender. Any nodce to I.ender sball be given by fust closs mail to
<br />_� Lender's address stated herein or any other addnss Lender destgnates by noda to Bonower. Auy nodce provIded for in this
<br />:-s�aa� Security Insuwneat shall be deemal to have beea glven to Borrower or Lender when given as provided in this patagraph.
<br /> �:;:.•. !S.Go�erntn� I.�w; SeverabilIty. T6is Secur,tty Iastrument sbaU be governed by federal law anci the law of the
<br />`���` jurlsdicdon in wLich the Pcoperty is located. In the event tUat any provision or clause of tlus Security lnsuument or the Nou
<br /> conflicts vvith applicable law,such confltct shall not affect other provisions of W[s Security Instmment or the Note which can be
<br /> � given effect without the conflicting pmvision.To this end the provislons of this Security Zastcument and the Note are declaral
<br /> :_ to be sev�rable.
<br /> 16.Borrower's Copy.Borrower shall be given one coaformed copy of the Nore and of this Security L�strnment.
<br /> � Form 802B 9I90�
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