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<br /> ;.. puymcnts mt�y no I�mgcn c� requircd, at thc option of Lcndcr, if murtgagc inrunincc rovcrugc(in thc amount un or t c peruxl i�
<br /> " dint l..cndcr rcyuircti) providcJ by mi insurer approved by L.endcr aguin bccomes uvailuhlc und is ubtaincd. Borrowcr sh,dl puy _
<br /> � � thc premiums rcquired to muintain mo►tgasc insurancc in cffcct,or to providc a loss rescivc.until thc rcyuircmcnt for mortgagc __
<br /> insuranre end�in aca�rdance with uny written ugrcement between Borrower nnd Lender or applicuble law. d,=;;_
<br /> ��::as:t?�'�� 9, l�j�pection. Lcndcr or its agent muy make rcasonublc entrics upan und inspertion�of thc Yroperty, l.�ndcr shull givu �
<br /> Barrowcr noticc ut the timc of or prior to un inspcction specifying rcasonablc causc far thc inspcction. --
<br /> � 10. Condemnntlnn. The proceeds of any uwurd or cluim for damages, direct or consequentiul, in connection with any �
<br /> '��'� condemnatian or other taking of uny purt of thc Property,or for convcyancc in lieu�f condcmnution, arc hercby assigned and _
<br /> shall bc paid to Lendcr. --
<br /> In the evcnt of u totul taking of the Properry, thc pmcccds shall bc applicd to thc sums securul by this Securiry Instrument. _
<br /> whether or not then due, with any excess paid to Borrower. In the event of u partiul tuking of thc Propeny in which the fair =
<br /> _ � . market valuc of thc Property immediately beforc thc taking is equul tn or greatcr than the amount of thc sum�sccurcd by this
<br />"r� Security lnstrument immediatcly before the taking, unless Borrower unJ Lender oiherwise a�ree in writin�,the sums secured by _
<br /> ;. . ,' this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total __
<br /> r,,�? umount of the sums secured immediately before the taking, divided by (b) the fair market value�f the Property immediately _
<br /> � • ' " beforc thc takin�. Any bulancc sh�ll bc paid to Borrower. In thc event of a partial takir�g of the Property in which the falr '
<br /> ' •� mark.:t valuc of thc Property immediutely befare the taking is tess tht�n the amount nf tne sums secured immcdiately before the
<br /> _ - :,.,,,,'�, tnking, unless Borrower and l.ender otherwise agree in writing or unless applicable law otherwise provides, the pro�.cd� chall ��
<br /> - " `�`''"' be applied to the sums sccurcd by this Security Instrument whethcr or not the sums ure tizen due.
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<br /> . �. :, If the Property is abundoned by Borrower,or if, after notice by L.ender to Be�rrower that the condemnor affers to make un �,:-
<br /> - � `�� '`� �ward or setde a claim for dumages, Borrower fails to respond to I.ender within 30 dAys after the date the notice is given, F"'
<br /> � Lender isauthorized to collect and apply the procceds, at its option, cither[o restorarion or repair of the Property or ro the sums �;�_
<br /> � , secured by this Securiry Instrumcnt, whether or not thcn due. _
<br /> �. ..`b Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or �
<br /> postpone thc due date of the monthly payments rcferred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> '. . 11. Borrower Not Released; Forbearance By Lender Not a Waiver. F.xtcnsion of the time for puyment or mociification
<br /> of an�orti•r.ation of the sunts secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> ;--- -_ — roi ap�;ate:o YL'1P..»SL'SF.�!'sa�6!it;c.�f thc�rio��s! pnrrnwer�r Rnrrower's succcssors in intcrest. Lcndcr shall not be required to
<br /> _ �. commence proceedinbs against any successor in interest or refuse to extend time for payment c�r otherwise modify amortizution
<br /> of the sums secured by this Security Instrument by reason of nny demand made by the original Borcower or Borrower's
<br />�; ;•:�- , � ' succrsson in interest. Any farbeu�ance by Lender in exercising uny right or remedy shall not be a waiver of or preclude the
<br /> _,'.'"• ' exercise of any right or remeciy.
<br />'-i;.;,�.,;: . 12. Successors an�i Acsi�ns Bound; Joint and Several Liability; Co•si�ners. The covenants and agreements of this
<br /> ':<�''?" � Security Instrurnent shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of _
<br /> - '� �'i��� paragraph 11. Bnrrowcr's covenants and agrcements shall be joint and several. Any Borrowcr who co-signs tliis Security _
<br /> � Instrument but does not execute the Note: (a) is co-signing this Security instrument only to mort�age, grant and convey that
<br /> , Borrower's interest in thc Property under thc terms of this Su:urity Instrument; (b)is not personnlly obligated to pay the sums
<br /> `%•�; � secureci by this Securiry Instrument; and(c)agrees that Lender and uny other Horrower may agree to extcnd, modify,forbear or
<br /> ''=:w;a��:;:� ' makc any accommodations with rcgard to the tcrms of this Security Ins�rument or the Note without that Borrowcr's consent.
<br /> `"�'�"�"+'► 13. Loan Char�es. If the laan secured by this Security Instrument is subJect to n law which sets maximum lonn charges,
<br /> ; ,--.-_,, .
<br /> _ti;,,,�t;, ; � und that law is finally interpreted s� that the interest or other loan charges collected or to be collected in connection with the
<br /> �� lonn exceed the permitted limits,then: (a)any such loan charge shall be irduced by the amount necessary to reduce the chnrse
<br /> '��f to the permitted limir,and (b) any sums ulre:►dy collected from Borrower�vhich exceeded permitted limits will be refunded to
<br /> �`�-`_�� Borrower. Lender muy choose to make this refwid by reducing the p�incipnl oweci under the Nnte or by making a direct
<br /> • payment to Borrower. If u refund reduces principal, the reduction will be treateci as a partial prepayment without uny �_
<br /> �'• prepaymcnt charge undcr the Notc.
<br /> • ,� 14. Nuticw�v.Any notice to Borrower provided for in this Securiry Instrument shall be givcn by delivering it or by mailing —
<br /> it by tirst class mail unless applicable law requires use of another nuthod.Tlie notice shull be directeci to the Property Address —
<br /> or uny other address Borrower designates by notice to L.ender. Any notice to Lender shall be given by first clnss mail to —:
<br /> Lendcr's adJress statcd hcrcin or any othcr add�•ess Lender designatcs by noticc to Borrower. Any noticc provided for in this �_
<br /> { Sccuriry Instrutncnt shall be dcemcd to huvc been biven to Borrowcr or Lcnder when givcn as provided in this paragraph. =-�
<br /> i15. GoverninR I.uw; Severability. This Security lnstrument shall be governed by federal law und the I.tw of thc l���
<br /> 1 jurisdicti�n in w hir h t hr Property is locate d. In t hc evcn t t ha t xny pro v i s i o n o r c l a u.c��f t hiti S ccurity Instrument or the Note =
<br /> � conflicts with applicablc law,such conflict shall not affect other provisiom�f this Securiry Instrumenr or the Note which can be ,
<br /> i
<br /> i given effect without the contlirting provision.Tu this end thc provisions of this Securiry Ins�rument unJ thr Note are declared
<br /> w bc sevcrablc.
<br /> � 16. Borro��•er's Cnpy.Bc�rr��wer shall be given onc cunfor�ncd cupy of the Notc anJ uf this Security[nstrumcnt.
<br /> i
<br /> i Form 3028 9/90
<br /> 1 Pa�c 4 0�6
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