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<br /> poyme�x m�y rw lon�er bo re�yuired.�t tha option af Lender,it mo�t�e�e inwra�cc covera�o(in the aariount and Par�i�e perlod
<br /> thst L,et�ler roqui�rs)Provided by en incurcr approved by l.ender�gdn bea►mes pvdl�ble�nd i�obtainal. Born►war�iWl pY
<br /> �he pmmiuma ieyuired to m�intdn mort��go insu�in efFect.or a provide A lors naervo.until the nequi�n�ent for mat�e
<br /> inrurance enda in acoordui�x wlth ony w�itton a�ramen�between Borwwcr iud l.ender or�ppiicAble law.
<br /> 9. In�pectbn. l.endcr or hs agcnt may malcc reasonwble entdes upon and inspoctiaw of tiw Property.L.endar�Full�ive
<br /> Horrower notice tu�hc time of or prior to an inapation cpecf fyin�reasonoblo cauce for the inspxtion.
<br /> 10. CondemnaUon. 77�e procaedc of ony award ar cl�irn for denwga. dircct ar consequcnti�l. in c�onnection wlth any
<br /> �; rnndemnation or wlKr t+dcinY of,�ny piut of�ho Prop�:ny.ar far conveywue in 8eu of condemnation. erc hereby aaei�ned and
<br /> �� shall be psld ta Lender.
<br /> -��� In the event of a total taking of the Property.the pracer.d� shall be appliod ro the aums serurcd by this Socurity Instrumed.
<br /> �yti� whether ur not thcn duc, with any eacess paid to Barrower. In the event oP a purtial�aking af the Property in which the falr
<br /> market value of the Property immadiutely befcxe Uu taking is equal to or greater than tho amou�t of the sums secured by thls
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<br /> Security instrumenl immediataly b�fore tha teking,unless Bomower and l.ender otherwise agree in writing. the sums secured by
<br /> � ;�;��i thia Secur�ty Inatrument shail be reduced by the amount of the procads multiplied by the following fraction: (a) the totel
<br /> amaunt af the sums secured immediataly before the taking. divided by(b)the foir market value af the Propeny inunediately
<br /> � .+'--''fi'- ;^ - before the tekio . An balance shall be pald to Borrower. In tha event of a partial taking of the Property in which the fair
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<br /> ' F,r;�,.:-,,. � market value of the Property immediately bcPore the t�icing is less than the amount of the sums sQCUred im m e dinte ly b e fore t h e
<br /> • r_ ' <-,i�.; ; �'� taking,unless Bonower and Lender othenvise Agree in wdting or unless s�pplirrs��ble law otherwlse provides,the praceeds shall
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<br /> � 3 r ' ��� lied to the sums secured b this Securit Insttument whether or nat ttie sums are then due.
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<br /> �� '� ,�<;',ti�;.y����r�i ss r�t:+• If the Pmperty is abandoned by Borrower,or if.after notice by Lender to Borrower that Uu condemnor offers to moke an
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<br /> �^ �~;�;Jr;,���'.j'::,1,�;,�;l�,�fr award or settle e claim for damages, Borrower fuils to respond to Lxnder within 30 days after the dete �he notice is given.
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<br /> �.,.. ,,;,., c -� • ..t�j, l.ender is autharized to colloct and apply ihe proceeds,at its option,either to restomtion or tepair of Ihe Property or to the sum�
<br /> `�'••��'�'• ��� " �� � serured by this Securiry Ioslrument,whether ar not then duc.
<br /> ':�;C;`�r'� p;,'.�,.,� .� �. � .^° Unless l.ender und Burrower otherwise agree in writin�, any appliwtioo of proceeds to principal shall not extend or
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<br /> � •.,?.;�i����, ��.��+w"�,�' postpone the due dat�of the monthly payments refemed to in paragrephs 1 and 2 or change the amount of such payments.
<br /> . ��t=� . � 11.Borrower Not Released;ForbeA�nce By ixnder Nat A Walrer.Extension of the time for payme�t ar modification
<br /> ""'`��"� � � of umonizs►tion of the sums se�ured by chis Security Instrument granted by Lender to any successor in interest of Borrower shall
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<br /> .%��°'h''�• '' not opersite to reletue the liubility of the original Borrower ar Borrower's successors in interest. Lender shall not be required to
<br /> , � J .� �' �, . �rommence praceedingn�gainst any succescor in interest or refuse to extend time fo�payment ar otherwiae modify amortization
<br /> . ., : •is??''r"«; �:.•� "�•�'- af the sums secur+ed by this Security Instrun�em by renson af uny denwnd made by the original Borrower or Borrower's
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<br /> �:,;;.%'; •ti , successors in interest. Any Forbearance by L.ender in exercising uny right or remedy shall not be ti waiver of or preclude the n
<br /> - �'•��,y�•� � � exercisc of any right or remedy.
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<br /> � ��:;;, - ' . 12. Succ�►rs and As.glgns Bound; JaiM and Severa! L.iAbiUty; Co-signe�. The covenants and agreements of this
<br /> ,, . Security lnstniment shall bind And benefit Ihe tiuccessors und as.igns of l.ender nnd Bnrrower, subject to the provisions of
<br /> -- puragraph 17. Barrower's covenunts and agreements shall lx:joint and several. Any Borrower who co-signs this Security
<br /> � • lntitrument but dces nat execute the Note: lu) i. c�-siFninF this Securi�y Instrument only w mongaFe,grant und canvey that
<br /> � Borrowcr's intcrest in thc Prapeny under the term.ol'�hi.Sccurity Instniment; Ib) is not personally abligated to pay the sums
<br /> xecurcJ by this Security Intitrument:anci�c)agree,thut Lender and any other Bnrrower muy Ugree to extend,modify,forbea�or
<br /> �,. �� ' make any acc�mim�xluti�m.w•ith regurJ ai�he ternn ot'this S�-�urity In,tNment or the Nutc without �h�t Borcower'c consent.
<br /> :�� ' � 13. I.�n Char�es. If the lu•rn serured by thir,Sccurity Ins�rument iti SuBjcc� to a law which scts muximum loun charges,
<br /> • und thut luw is finully inteq►rr�ed+u�hat the intcrc�t or ahcr loan rhargcs collectcd or io be collected in connection with the
<br /> `�.' . • loan excec�l the rmiu�Yl limit+, then: lu1 un•.urh luan chur•c•hall he r��lur�*�I b the amount nec��+s•r to reduce the char e
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<br /> ��;; t�►thc permiucd limit:and�bl any �unn ulrcady rallc�tal I'r��m Rorcoe•cr whirh exrc�Ki��!permined limits will he refunded to
<br /> �'�' Borcuwer. l.erxlcr muy ch�x►.r a► nwkr thi� refunJ by rc�iucing thr prinripul ��weJ utKler the Note or by muking a direct
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<br /> r '��,' paymcm to &irrowcr. 11' u rcfwKf rcJucc. principul, thc reduction will hc trcatrJ a.+ u p•rrtial prepayment without any
<br /> • ' •• � prepuyment churgc undcr the Notr.
<br /> • , ; ;i,,,.• 14. Notices. Am•n��ticr to&rrruwrr pruviJ�Ki ti�r in Ihi, Scrurity In,trument�h•rll be givrn hy delivering it or by muiling ;�,,:
<br /> ''t::r it by fint cla�.mail unlc�.u�plirahlr law�rcyuire.u.r nf unuthcr m�th�xl. Thc natirc.hall tx dircc�ed io the Prnpeny Address :,1`
<br /> �"'•1�`�� or uny othrr udJrc.. &►rru�r�r dc,ign:�lc, h� nu�irc tn l.rnJ�r. An}� m�lirc tu Lrnder .hall hc gi�•�n by fir�t rlati+ mail la
<br /> • Lrndcr'.aJJrc�s�tatrJ hrrcin nr an} i�thcr:�JJrc.. I.�nJcr Jr.iro•rtr.hy nntirr t�� Barr��wcr. Am•n���irc prc�vidcd fiir in this
<br /> • Securily In�trument+hall hr J�emrJ t��hav�h�en giv�n ta B�xr.�acr��r I.r�iJrr whrn giv�n a,pr���•ideJ in this puragruph.
<br /> �,',,��; IS.(:ovcrnin� I.a���; l+e��c�bilit}�. Thi+ Srcurity ln,irununt �Iwll hc g�+vern�til h�• ledrral lo��� and thc I•rw of the '.';
<br /> ,. ,.. . Juriulir�i�,n in whirh �h� PruExn� i.I�xsucJ. In thr c��cnt that am pr�,ci+ion��r rlau+c ul'ihi,Scrurit� In,trumcnt i►r the Natc �..
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<br /> .�"•�':, canllicl,����en���i���r►i�i:����. .��i����n���.� .hall n�n ul'IC�t��th.r pru�•i,iun.uf thi.Sc�urity In.trumcnt ur the Note whirh�;►n be
<br /> given eftitit withuut the c�mtli�hing pr�►ri,i�m. Tu thi.�nJ�hc pr���i.�un. uf Ihi.ticcuri�� h�.tn�mrnl anJ thr rVrne ure declured ;�
<br /> , �t'� � tu bc u�•crahlc. ';,�..
<br /> ,, ; 16.&�rro��rr'x Copy.Hurrowcr�hall 1►r�i�cn u�k rul�t��rm�d�up) uf�h�`��te anJ uf thi.Srruri�� Fn.trum�nt.
<br /> '••��i Fam 3028 9/90
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