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<br />�, `' � j peryntentti may no Inngcr bc rcquircd, at thc option of Lendcr, if mcirtgagc insuruncc covcrugc (in thc2frtfoum an��rZh�p�iAtl �
<br /> �"''�'-�'• '"� that l.cnder requires)providcd by an insurer upprovcd by I.endcr aguin bccomes available und is c�btuined.Borro�vcr�hull pay
<br /> � thc premiums rcyuireci to muintaim m�rt�;oge insuruncc in cffcct,or to provide ii loss reservc,until the rcquirentent for mortguge =
<br />_� insurance ends in uccordunce wieh any written agreement between Barrower and Lender or upplicable luw. c
<br /> t�"`�`�� 9. Intipectlon. I.cndcr or its ugcnt muy make rcusonable entrics upon and inspections of the Properry. L.cndcr shall�ive
<br /> Borrowcr noticc at thc timc of or prior ta un inspcction spccifying rcasonab(c cuusc for thc inspcction.
<br /> -- , �� 10. CondemnuNnn. The pmceecls of uny uward or claim for damages, direct or consequential, in connecc�on with nny -
<br /> t � condemnation or other tuking nf any part of the Prc�perty,or for conveyartce in lieu of condemnution, ure hereby ussigned and
<br /> ' �� ' ' .� shull bc paid to Lcndcr. _
<br /> ,--;,;•,� . ,�{�. � In thc cvent of a totul taking af thc Property,thc proceeds shull be applicd to thc sums sccured by this Securiry Instrument,
<br />�s:�,-t�e' i. whether ur not thcn due, with,iny exccss puid to Borrower. In thc cvcnt of u partial tuking of the Property in which the fu;r
<br />=�'-' - ' murket vAluc of thc Property immediAtcly bcforc thc taking is cqual to or grcatcr than thc umount of thc sums secured by this
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<br />=�t�'" •+'r` Security Instrument immediutcly before thc tnking,unless Borrower and Lender otherwise agree in writing,the sums secured by
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<br />_�,,:�,�;,,;�, this Securiry Instrument shall be reduced by the amount of the proceeds multiplied by the followin� fraction: (a) die tota
<br />°°'��'°'"' amount of the sums sc�:ureci immediatel before the takin divided b (b)the fair market valuc of the Property immcdiately
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<br /> ``:,.; !,�,,{. before thc takin�. Any balanm shal! be paid tn Borro+ver. In the event of e partial taking of thc Propeny in which thc fair _
<br />=;���s,}��'.{;�, market vuluc of the Property immcdiatcly bcforcn thc taking is less thran the amaunt of the sums securcd immediately before the
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<br />-'�•�'•dt', taking, unless Borro�ver and Lcndcr othcrwise ugree in w�iting or unlcss applicable law otherwise provides, the procccds s a
<br />-? � � be applicd to the swns secured by this Sccurity instrumcnt whethcr or not ttie sums are then due.
<br />}'�`'rRr�'�-'•� If the Property is abundoned by Borrower, or if,after notice by Lender ta Borrower thut the condemnor offers to make an
<br /> award or sctNe a claim for damagcs, Borrower fails to respond to Lender within 30 days aftcr the date the noticc is given,
<br />;:;».`<'� ' l.ender is uuthorized ro collect and upply the proceecis,at its option, either to restoration or repair nf the Praperty or to the sums
<br />�>�=%� � secured b this Sccurit Instrumcnt,whether or not then duc.
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<br />�r�,,y::-,� ` Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />�...';��,,;,: postpone the due dute of the monthly payments referruf to in parugraphs 1 and 2 or change the amount of such payments.
<br />_ `� '�°' 11. Aorrower Not Released;Forbcarance By I.ender Not u Waiver.Extension of thc time for payment or modification
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<br />- ., -<< : af ar:arti:�:ior.of:l:�sum� �::ured b;tL�s Srr���j(�(�ctn�m�nt vr�n�ed hy Lender to any successor in interest of aorrower shall
<br />-�•`':��'`�'"� not operate to release the liability of thc original Bonower or Borrowcr's succcssors in interest. Lcnder shall not be required to
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<br />�"'-• ".'.,,•�': commence proceedings against any successor in interest or refuse to extend tinne for payment or otlierwise modify amomzat�on
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<br /> -��;,,,-"?f�+?�ti of the sums secured by this Security Instrument by reason of any demand made by the originul Borrower or Barrower's
<br />��`;�:i�r';'!.°�` successors in interest. Any forbearance by Lender in exercising any right or remedy shaD not be a waiver of or preclude die
<br />�°��'� :a;r:. exercise of any right or rcmcdy.
<br /> ���''�T�'�t'�� 12. Successors and A�slgns Bound; Jotnt and Several Ltabillty; Co-slgners. The covenants t►nd agrcements of this
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<br />_�.f�:,�'� Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
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<br />`��;,;,,�T `� � paragraph 17. Borrower's covenants and agreements shall be ,joint and severul. Any Borrower who co-signs this Security
<br />�'P�,.fT � Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey thut
<br />��-�.'!'•'`����_�� Borrower's interest in the Property under the terms of this Securiry Instrument(b)is not personally obligated to puy the sums
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<br />=:,,;.: secured by this Security Instrument; and(c)agrees that Lender and any other Borcower muy agree to extend, modify,forbear or
<br />_�a make any accommodations wiih regard to the ternis of this Security Instrument or the Note without that Bortower's consent.
<br />� `"��"��� � 13. Loun Charges. If the loan secured by this Sccurity Instrument is subjcct to a law which sets mnximum Inan chaeges,
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<br /> ?'" `;��,�. ;,,� and that law is finally interprcted so that thc intcrest or othcr loan charges collected or to be collected in connection with the
<br />'.>�,j��yri �, loan exceed the permitted limits, then: (al any such loan charge shall be reduccd by the amount nGCessary to reduce the charge
<br />.,r�-�-�;,� ,• '' to the permitted limit: and (b)any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> -.� ���• Borrowec L.ender may choosc to make this refund by reducing thc principal oweci undcr the Note or by muking a direct _
<br /> R"��;�' ,�.,, paymcnt to Barrowcr. If a refund reduces principal, the rcduction will be trrated as a partial prepaytncnt without any
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<br /> .�,,.,_.. .. prepayment churge under the Note.
<br /> '•� 14. Noticcs. Any notice to Borrowcr providecl for in this Security instrument shall be given by delivering it or by mailing
<br /> � � it by tirst class mail unless applicable luw requires usc of anothcr mcthod.The notice shull bc directed to the Property Address
<br /> . or any other address Borro�ver designates by noticc to I.ender. Any nouce to L.ender shall be given by first class mail to
<br /> Lcndcr's address stated hGrcin or any othcr address C.endcr dcsignates by notice to Borrowcr. Any ncnicc provideci tor in this
<br /> Security Instrument shall bc dccmcd to huvc bcen given to Borrowcr or Lender when givcn as providcd in this paragraph.
<br /> 15.Govcrnfn� I,nw; Sevcrability. This Sccuriry Instrumcnt shall bc govcrned hy fulcral law und thc law uf thc
<br /> jurisdictiun in which the Yr��perty i� Ic�cated. In the event that any provision or clause of this Security Instrument or the Note
<br /> contlicts with applicable luw,surh ronFlict shall not affect other provisionti of this Security Instrument or the Note which can be
<br /> • givcn cffcct without the ronllicting prc�visicm. Tu this cnd thc p�vvisions of this Sccurity Instrumcnt and thc Note are dcclared
<br /> to hc sevcr�blc.
<br /> � IG, Borrower's Copy.Nc�rr�iwer shall be given one runtittmeci copy of the Notc and af'this Serurity Instrument.
<br /> � Form 3028 9!90 =
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