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<br />"'`'-�r:i ` z� mcnts mu no lon cr bc rc uirai,iu dic o tiu�i of[.cndcr, if mort u�c in.r•uruncc covcr.i c(in thc umount und for thc cricxl
<br /> :•.x:•.,.�. P Y Y B N � P S b B P
<br /> thiit Lcndcr requires)providcd by an insurer upproved by I cndcr i►gain bccumes uvailublc und is obtuincd. Borrowcr shufl puy
<br />-�r5'T;�.:•i dic prcmiums rcquiresf to maintuin mortgugc insuruncc in cffcct,or w providc u loss rescrvc,until thc rcquircment R�r mc�rtgugc �/�
<br /> :-,.4.�i. ,V
<br /> .� . ir�suriincc cnds in uccorduncc with imy writtcu ugmcmcnt betwccn Rorr�wcr nnd L.cndcr or applicable luw.
<br /> lbx, ,` ' �l. iuspccllon.L.�:ndcr ur it�ugent may m:�ke reasonable entries upon and inspections nf'the Pri�peny. Lender shull give � �_
<br />�-' -'—�.�- B�:rowcr nnticcat thc timc of or prior►o nn inspcction spccifying rcasonablc causc for thc inspcction. �
<br /> �� 10. Condemnatlon. Thc procccds of imy nwurd ar claim for damagcs, dircct or consequcntiul, in conncction wi!h uny
<br />-"_ condemnnNon or othcr tnking of uny part uf thc Pmperty, or for convcyanrc in licu of condcmnation, urc hereby ussigned itnd �
<br /> , ' shall bc paid to I.cndcr. "
<br /> In thc cvent of a total taking of thc Propeny, thc procecds shall bc applicd tn the sums sccurcd by this Sccurity [nstrument,�
<br /> � :4.•�, , whether or not ihen due, with any excess paid ta Borrower. In the event of a partiul txking of the Property in which the f'uir�
<br /> `r ,�, �,,; market valuc of the Property immediatcly 6etore thc taking is equal to or grcater thun the amount of thc sums sccured by this
<br /> ����+�'' Security Instrument immediately befor�the taking, unless Borrawer und Lender otherwiso agree in writing, the xums secured by
<br /> ,. �.••-n�.•�.
<br /> `-'�"�=-''� this Security lnstrument shaU be reduced by the amount of the proceeds multiplied by the following fruction: (u) the total
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<br /> -::::F::',� umount of the sums secured immediutely before the taking, divided by (b) thc fuir market value of the Properry immedistely
<br /> _---,•�,:
<br /> nS� before the taking. Any balunce shall be puid to Barrower. In the event of a punial taking of the Propeny in which the fuir
<br /> �:=f��;` mArket value of the Property immediately before the taking is Icss than thc amount nf the sums secured immediatcly beforc the
<br /> =°��� taking, unless Borrower nnd Lcnder otherwise ngree in writing or unless npplicable law otherwise provides, the pror.eecis shall
<br />-�-`�� � be applied to the sums secureci by this Security Instrument whr.ther or not the sums are then due.
<br /> s��� { ' If the Property is abandoned by Borro�vcr,or if,after noticc by Lender to Borrowcr that the condemnar offers to mukc nn
<br />_ ' �yi •
<br /> `��"_-°'�'-�'�`�• awurd or settle a �laim for dnmages, Borrower fails to respond to Lendcr within 30 days after the date the notice is given,
<br />:c•:;°_�. Lender is authorized to collect and apply the proceeds,at its opdon, either to restorutian or repair of the Property or to the sums
<br /> ;$:�:,: :,;� secured by this Security Instrument, whcthcr or not then due.
<br />`�'G'=;"• Untess Lcnder and Borrower otherwise agree in writing, any application of proceeds to principul shall not extend or
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<br />- postponc•the due date of the monthly paymcnts rcferrcd to in puragrnphs i and Z or change the amount of such puyments.
<br /> .�;};�;: . . 11.Borrower Not Released; Forbeurance By Lender Not a Waiver. Extension of the time for payment or modification
<br /> _ � •��; of amortization of thc sums secuced by this Security Instrumeru granted by L.ender to any successar in interest of Bonowcr shull
<br /> ��"�°'�� � not uperate to release the liability of the original Bonower or Borrowcr's successors in interest. Lender shull not be requirui to
<br />=-:r�=,���'-=: � commence proccedings ngamst uny successor in interest or refuse co ex[end cime tor paymcnc or ocherwise mcxlify a�unrti�:,iiu,�
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<br />- - �• r *� of the sums secured by this Security Instrumcnt by reason of any demand made by the original Borrower or Borrowcr's
<br /> �=.�_�:���': suceessors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
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<br /> ..��_:�T,,_- exercise of any right or remedy.
<br /> - '"`=��'�� 1�. SucctSSOrs and Assigns Bound; Jolnt and Several Liability; Co-signers. The covenants and ugrcements of this
<br /> '=_�,',`P`C":
<br /> :=•-c�.�::• Security Instrument shall bind und benefit the successors and assigns of L,ender and Borrower, subject to the prc�visions of
<br /> - "�� paragruph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> �'�""� Instrument but does not execute the Note: (a) is co-signing this Securiry Instrument only to mottgage, grant und convey that
<br /> ��--°`�";� '� Borrowcr's interest in the Property under the tcrms of this Security Inshvment;(b)is not personully obligated to pay thc sums
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<br /> •--u,u,,,� secured by this Securiry Instrument; and(c)ugrees thut Lxndcr and any othcr Borrower may agree ro extend,modify, forbear or
<br /> —�=� rnake any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> ------� 13.Loan Charges. If the loan secured by this Security Instrument is subject to a Isw which sets maximum loan charges,
<br /> - -��°°°° and that law is finally interpreted so that the interest or other lonn charges collected or to be collected in connection with the
<br /> '_�;. _'"� loan exceed the permitted limits, then: (a)uny such loan charge shall be reduced by the amount necessary to reducc the chargc
<br /> -�=°4 � to the permittecl limir and (b)any sums alre:►dy collected from Borrower which exceeded p�rmitteci limits will be refundeci ta
<br /> ���:���:IT.
<br /> -_',s,.;�'r Borrower, L.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> -=°y<%'cc,_.
<br /> - payment to Borcowcr. If a refund reciuccs principal, thc rcduction will be treated as a parti�l prepayment without any
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<br />.y;a,r..;�, prcpayment chi�rge under the Note.
<br /> �-"�_r•��� 14.Notica. Any noticc to Bon•owcr provideci for in this Sccurity Instrumcnt shaU be given by delivering it or by mailing
<br />-"`_���=� it by first class mail unless upplicable luw requires usc of another method,The notice shall be directed to the Property Address
<br /> �••*' •�••--� or any other address Borrower designates hy noticc to Lr,ndcr. Any noticc to L.cndcr shall be givcn by first class mail to
<br /> .. ,,;..•nw:_:.•- .
<br />:.�,r•°•-�-... L.cndcr's address sYatcd hcrein or any other uddretis Lender dcsignutes by notice to Borrower. Any notice providcd for in this
<br /> -��'��� �, Securiry Instrument shaU be dcemeci to have bcen given to Borrower or L.ender when given as provided in this paragraph.
<br />: � ° � . 15.Governing I,�w; Severability. This Sccurity Instrument shall bc governed by federal law and tlie law of thc
<br /> jurisdiction in whirh the Property is located. 1n the event thut any nrovision ar cltiuse of this 5ecurity Instrument or the Note =
<br />. conflicts witl� applia�blc luw,sucli ronflict shall not uffect othcr provisions of'this Sccurity lnstrumcnt or thc Notc which can bc -
<br /> � given effect witl�out the conflicting provision. To this end the provisions of this Securiry Instrument and the Note are declAred -
<br /> tu bc scvcrablc.
<br /> 16.$orrmser's Copy. Borriiwer shall be given one conformed copy of thc Note and of this Security Instrument. -
<br /> Form 3028 9l90
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