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<br />.. . . • .� puymcnts may no longcn c�rcquired. ut the��pticm uf IAndcr.if nn�rtgu�;c insuranrc ruvcragc (in thc amount und for thc period
<br /> � thnt I.cnder rcyuirctil pruvid�d hy an insurer upprcrved hy Lcndcr uguin hecomcs uviiiluhlc und is ahtained. Borrawcc shall pay
<br />-�:.•,,�„� � the premiums r�x{uired tn maintni�i mortgube insurance in effect,or to prc�vide a loss reserve,un��l thc requirement for mortguge
<br />'�"'` � insurance ends in uccordance�vith uny wriuen agreement bctween Borniwer und L.ender or upplicahle luw.
<br /> "u� 9. Any�►��ctlon. I,�ndcr or itti ugent muy makc rcasonuhlc cntrics upon und inspertions of thc Property. Lcndcr shall givc
<br /> Horr�wer notice at the time�if ur prior to un inspection speiifying reusonahle cause for che inspectiuei.
<br /> - �'��'�""� 10. Condemnatlon. The proceeds af nny uward or rluim for dumages, direct or consequentiul, in conneccion with any
<br /> - condemnatinn ar uther tuking ot'uny pa�i of the Property, or for conveyunce in lieu ot'candemnatian, ure hereby ussigned und
<br />-�.. shull lx paid to I.cndcr.
<br /> �� !n thc cvent��f u total taking of the Propi;rty, thc proceeds sh�dl be applicd to thc sums securcci by thi.r•Securiq�lnstrumcnt.
<br /> whether c�r n�t dien due, with any excess paid to Borrowcr. In the event of a partiul ti�king of the Property in which the fair
<br /> markct vuluc of the Propcny immcciiutely beforc the taking is equal to ar greater thun the amount of ttie tiums securcd by this
<br /> ;5•t:_�;r�i', Security Instrument immediatcly before the taking,unless Borrower und l.ender otherwise agree in writing,the sums secured by
<br /> -•-; this Securiry Instrument shall be reduceci by the amaunt of the proceeds multiplied by the following fraction: (a) the total
<br /> ��� amount of thc sums secured immediutely before thc taking. divided by (b) thc fuir mnrkct valuc of thc Propeny immediatcly
<br />,i.'�r�.+;���.��.� before the taking. Any balancc shaU be puid to Borrower. In thc event of a partial taking of the Praperty in which the fair
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<br />•;;,�rry�;,�,,.,.�t market value of the k'roperty immediately beforc the taking is less than the amount of the sums secured immerliately before t c
<br />°K. y._:•:�.�: taking,unle,�Burrowc:►'and I.cndcr othern�ise agree in writing nr unless applicable law otherwise provides, th�praceeds shall
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<br /> ,,t be upplied ro the sums secured by this Security Tnstrument whether or not the sums are then due.
<br /> - If the Property is ubandoned by Borrower,or if,aftcr notice by Lendcr to Borrower that thc candemnor offers to m e an
<br /> awurd or settle n claim for dsmages, Aorrower fails ta respond to l.ender within 30 days after the datc the notice is given,
<br /> - � "`!, Lender is authorized to collect and apply the proceeds,at its option, either to restorution or repair of the Property or ta the sums
<br /> ,. .,� secured by this Security Instrument, w6ethcr or not thcn due.
<br /> ' Unless Lcnder and Borrowcr otherwise agrec in writing, any application of prc�ccccis to principal shall not extend or
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<br />_-:' ti• postpone thc due dntc of thc monthly payments rcferred to in puragruphs 1 and 2 or changc the umount of such payments.
<br /> '' �' � U. Borruwer Not Releused;Forbearance By Lender Not a Wuiver. Extension of the timc for payment ar modification
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<br />''-:�a of amortizution of the sums sccured by this Security Instrument granted by Lcnder ta uny successor in intcrest of Borrower shall
<br />'_����+�r_`',;'_ , not operate tc�rclease the liability of thc original Borrower or Borrower's successors in intcrest.Lender shall not be required to
<br /> r:��,�;:-��, •;;-� - w,uwcr�a:e procc:.�irgs aga9nst at:;succcss^r in interest or refuse to extend time for payment or otherwise modify amortization
<br />- ° • •x .^.: of the sums secured by this Security Instrument by reason of any dcmand mudc by the original Barrower or Borrower's
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<br />- succcssors in interest. Any forbear�ncc by l.ender in excrcising any right or remedy shall not be a waiver of ar preclude the
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<br /> ,;,�; exercise of any right or remedy.
<br />.,.�;��•' ��:`:'•. 12. Successats and Assigns Bound; Joint and Several Liubility; Co-sl�ners. The covenants und agreements of this
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<br /> �v,,:=y;_•':��; Security ]nstrument shull bind and benefit the successors und assigns of Lender and Borrower, subjer.t to the provisions of
<br /> -��;��._�;.�;•_. paragraph 17. Horrower's covennnts and agreements shall be joint and several. Any Borro�ver who co-signs this Security
<br /> �':.,�;��;,.�" Instrument but does not execute the Note: (a) is co-signing this Securiry Instrument only to mortgage, grant and convey that
<br /> ^-�'...:'.. Borrowcr's interest in�he Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br />-'-��a� R� � secured by this Security Instrumenr and(c)a�rees that Lender and any other Borrower may agree to extend, modify, forbear or
<br /> ''``''-�:�.'• �� make any accommodations with rcgard to the terms of this Security Instrument or the Note without that Borrowr.r's consent.
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<br /> s�� 13.I.oan Charges. !f thc loan securcd by this Sccurity Instrument is subject to a!uw which sets rnaximum loan charges,
<br /> ^'����" and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the
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<br /> _.:.,:, ,-.�, loan cxceed thc permitteci limits,thcn: (:►)any such loan charge shall bc reciuccd by the amount necessary to rcdu�e the chargc
<br /> ' � to the permitteci limit: and (b) any �ums already collecteci from Borrower which exceeded permitted limits will be refunded to
<br />- ,. Borrower. L.cuJc� �uuy cDuosc t,: Si11kC this refur.d b;• reducing the principal �wed undcr the Notc or bv mnkin� a direct
<br /> Y;� . . payment to Borrower. [f a refund reduces principal, the recluction wiU be treated :is u partial prepayment without any
<br /> ' prepayment charge under the Note.
<br /> 14.Notices. Any noticc to Borrower providcd for in this Sccurity Instrumcnt shall be given by delivering it or by mailing
<br /> , it by first clnss mail unless applicablc law requires use of another method. The notice shall be directeci to the Property Address
<br /> - ''" � or any athcr address Borrowcr designatcs hy noticc ro Lender. Any noticc to Lcndcr shall be given by �rst class mail to
<br /> "' � •� Lcndcr's address stated hcrein or uny otlur uddress Lender dcsignates by noticc to Borrower. Any noticc provided for in this
<br /> � Sccurity Instrument shall bc dccmeJ ro havc been givcn to Horrower or Lendcr whcn givcn as provided in this puragraph.
<br /> .; 15.Governin� I.nw; Scvernbllity. This Sccurity Instrwncnt shull 6e govcrned by fcdcral law and the law of the
<br /> " ; jurisdiction in which the Propeny is located. [n the event that any provision or clause of this Sewrity Instrument or the Note
<br /> � � ;, conflicts with upplicable law. such contli:t shull not uffect other provisions of this Securiry Instrument or the Note which can be
<br /> given effect without the conflicting prc�vision.To this end the provisions of diis Security Instrument and the Note are declared
<br /> to bc sevcrablc.
<br /> 16.Borrowcr's Copv.Bc�rrowcr shull hc givrn onc conforntcJ�opy of thc Notc and of this Security instrumcnt.
<br /> Form 3028 9/90
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