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<br /> _,:.:_, p3ymr�ts m3y no to�ver tse raqui�d.az the aption of Leader,3f uwrtr,age insuraace coverage(ia tlae amoant and for th�g�riod ==
<br /> . .. � that l��ar t+equires)Pmvided by sn insurer u,pproved by Lender again�oonica aeaitabte�3 is c�tsia�2. �r�ewet slt�� �; t
<br /> th�piemiums reguired w maintain mortgage insura�se in effe�st,or to provide a loss r�.cerve,until the requirement for mflrt�ge �y r:
<br /> i n s u r 2 n�z a d s in 2coordEttce v�ith an y wriaen m g r e emern batween Burrowet aad lzudsr or a,splicable law. C� k
<br /> IIdS
<br /> • ; 9. �nsgectiQa.Len�er or its agent may m�ce reasana3lz e�tries agon and ins�eaions of the Praaseety. Lender shall give � �
<br /> , . Borro:v�r ao�se ut t�e tirae of ox prior to an ius�ction sg2cifyu►g reasonabi�caus_foz t�e inspectian. � `�'
<br /> . s ` . 10. �:uad�oa.'ihe proceeds of aay award or elaim for damages. direct or wn�equentia1. in conaectian wi�t►any � �
<br /> ' wndsmn�tion oz oth�r taking of anp part af ths Property.or for comeyaace Ia lieu of coa�emnaricn, a�kereby auigue�l au� � _
<br /> �
<br /> . sh�11 be gaid to l�ender. �
<br /> � � � . � In the event of a tot�l taking af th2 Pmperty.tha praoee�s shall be ap�iied to the sums secure�by this S�curiry Insnument. � _
<br /> �-��` : w�ether or ant thxa due, vrith xny exce�s paid to�flrrower. in ths event of a paitial taking of the Proputy in vuhich thz tsir _
<br /> ' ;...�..,:�,.;. maaket value of t��Proper[y imYUEdi.�tety bzfore tGe taking is equal to or greater chan the amount of the sums se�uzed by this _
<br /> . . i Security Instrument immediuely trfoie the takiag.u.ntess BorrmveT aad lxader otherwise Poree in writing.the sums secuied by �
<br /> ° � . , .; ( this Se�ariry insuument shall be reduced by the amount of the proceods multipli�by the following 5acrion: (a) the total _
<br /> c i amoant of cha sums secured imiuediazely befox+�ths taking, divided by N) tha fair market value of the Property imm�liatety
<br /> , �:�.i lsefote ttte taking. Aay balaace sf�all bs paid to Barrower. In the eveut of a partial talring of the Propeny in which thE fair -
<br /> � ` i m�srket vaiue of the Praperty im�cliateiy before�he taki�ug is less thari the amount of the sums seeured imm�iately I��foTe the
<br /> ms
<br /> caking,a;Iess Borrower and I.ender otheruuise agree in writing os imless ag�licable law att�erwise provides.the pror.eeds shau _
<br /> . be appY3ad to the sums secuied by this S�+uiry Yn�tmmeat v+herher or aQt the sums are then due.
<br /> : . � If the Progerty is abandoasd by B�murrer.or if,after antice by L�nd:r to Borrower tb.at the oond�naor offers to make an
<br /> award or seule a claim for damages, 8ormwEr frz'�s to nsgond co Ixnder nrii�in 30 days after the date the norice is givzn,
<br /> � • � Leader is authorized to collect and 2pply the prateads,az its aption,either to r�t�tian or r+�pair of the 1'rope�ty or co the sutns
<br /> secured 6y this Secvriry Instrume,nt,whet�Q:not then dne.
<br />- ' . UaIess i,euder aad Borrower cihsrviise ap� iti writing, any applicatian of proc�rL�t� gnusa�Y� sh�11 aot c�rta�nd or
<br /> . � � gcstgone the dus dzze of the monthlY Paymenis refr�3 to in para$nphs 1 and 2 or c�ange the am�ovnt af huch payme^r..�.
<br /> _ — !1.Borrow�lYart Rfleascd:For6euaace Sy�.ender Nat a�'Vai�se�Extensian of the time for p�rr:ut or�a�caaon
<br /> � � of ama�ti�tion of the suffis secured by this Se�uriry�����^t gtaated by T.ender to any sutcessor in int�t of Homzr.7r�hall
<br /> aot a�e to release the liabi7fry of the original Bormwer or Borrower's successors in interest.Lender shall nat be roc�u�d to
<br /> ' oommeace prooeedings against any successor in interest or refnse to extead tim$fot payment or etheivvise modify amnrti�tion
<br /> - ' of the sums seau+ed by this Security Insuum2nt hY �pson of�y demaud made by the original Bomewer ar Bomower's
<br /> , � . _, suooessois in intea+est. Any forbea�anee by Lan�r in exercising any aigiit ar�y sbalt not Ue a waiver of ar preclude the
<br /> - • exercise of aay right or re�iy.
<br />_ . ..� 12. Suoxssais aud A�Botmd;Joint aad Sevaal Liabflity: Co��lgae�.'[Ir�onvenants and agreements of this
<br /> _- Securiry Insuument shaU bind aad beneSt the successo� and a�sssi9�s af L�nder aad flarr�ver, subject w the provision�of
<br /> - ��;�,`��... P��Ph 1�. Borrower's covwants and agrerments shall be joint aad r��sl. Aay Borrower wIas1 c:o-sigas this Security
<br /> �,. gr�a
<br /> _`,;��.�;�;�•' I��ttument but dQes ant enecute[he Note: (a) is casigning this Seciariry fv�meat only to mortg� �rani and sonvey tis�at
<br /> � II91iLiJlf3's interest in cae Pragert}+uuder the eerms of this��uiity Instnc�t;(b) is not�onally a'aifdated to pay[he s„�a
<br /> �-lii'.:'��.�. : �
<br /> _=:,..:�+r;r.�{. soauod:frf this Security Insuument;and(c)a$rees that l.en�er a�i any other Boaower may agcee to extend,modiff`,f�rbear or
<br /> '��r� maYe��r a000mmodations with regand to the terms of this S�ur�ty Tn�*�+�m or the Not��rithout that Borrower's ca�t.
<br /> �,_.3 i 1�,s1#.'
<br /> -. ' . 13.Laan Charges.If[he loan s�ured by this Serurity In��tcum�nt is subjer.�co a taw whtcli se�ma.:imum loan charges.
<br /> :—�-.�=.�; �
<br /> ���t-' '.. �J � aad tbat law is finally inteipiet�so that the interest ar other loan charges colle�te�or to�e collex�9.ln<:onae�rioa with ttie
<br /> -�'T,�;�.*;}.. loan exceed the permitted limits.t�en:(a)any such lean chazge shall be r�uc¢d by the��r�t�oc:LSty c�reduce the charge
<br /> to the peimiued flimit:and(b)any suros alreaiiy oollected fr�m Borrawer which exr.eederi�cmu.mod!�!;s will be refuaded to
<br /> —�'�°`:-s,.w.r� Borrower. L,ender ra�y choose to maYe this iefund by reducing the principal oiv�d un3cr c::e Nn.:or by making a direc.c
<br /> :--:::�:,�z`;� Qaymeat to Borrower. If a refund reduses princip�l, the reduaion will be te�as a p3rtial Prq�.�yment withaut any
<br /> ^�i���'-_— P�Payment cIIarge under the Note.
<br /> ----_== 14.NWtloes.A�r norice co Bonower provided for in th�is Securiry In..�irument�hall be given by deSivering it or by mailino
<br /> .=_��'�p��._ lt by first cl�ss mail unlass appticable law requires usz of aaother methad.The aotice shall be directed to the Prapeny Address
<br /> _'=- �"' or�y other addtess Boaower d,�;;�atas by notice to I�rsu�r. Any natice to Leader shall be given by first cla;s ma�7 to
<br /> ,:.a,,;;�:,.:
<br /> .trs'r��'� Len�er's address stated herein oz�y other adtlress Lgnder�;�ates bp�tice to Borrower.Any uotice pmvided for in this
<br /> '�`?�#�t=;; Se�vriry Insnvment sha116e deemed to have been given to Borrower or L.�sit�r when given as provided in this paragaptr-
<br /> _--"''1�' 15.Govemiug I�w; Severabi�ity. This Securiry Insuument shnll � govemod by f�eral law aad the law of the
<br /> .�-�= jurisdiction in whicb the Property� 'ss located. In the event that any p�vision or clause of this Sec�uity InsWment or the Nou
<br /> - - `'�� wnflirts wit�applicable law.sucls a:aflict shall not afiFert other provisions of tLis S�euri�y��nsuume�t or the Note ahich can be
<br /> -:::.e�aa��T=�;:> ,
<br /> ��+; ,.;���. given effect aithout t�e cunflict�;pmvision. To Wis en�the provisions of thia Soc.�r(ty[asm�ment and the Note az�e declared
<br /> �-':�;'�-:,•ti,•`- •: tolsescverable.
<br /> _::,•,�.•:<<• _.
<br /> '�' . ;�•.�:-'. ' 16.Borro�v�u's Gr.y�y.Boaower shall be�iven one conformed capy af s�e Noie and of this Securiry InsUUnent.
<br /> Ir1uf{; Fom�:94g3 8J90
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