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<br /> pcy�a n�Y ao toager hh�n?9�•��°P�on of Lender,i€m�n�ge iasuiaaoe covernge(in the amo�nt and fnr the peria�c:
<br /> 1 tMt Le�dcr �tir�sl P��by aa Ias�r aPP�oved by i.eflder agaia becomes av�t�bte aad is o6taiaed.Borcowe�s1�1)Pa�iy
<br /> '"� � the pr�iums tFquued ta m�inmin aiartgage ins�ranct in effoeR,or to Rro�ide�los's resecve.uotil th�t�ttitemeat for trott�e =—
<br /> ,� insunnce ends ia aeco�C:e wish aay writteo agrocme4t 6etween Hormwer artd l�r�der or apptiwbla Iaw. ��:
<br /> �� , !.I�pcatioR.LeMer or its ageat m�y make rzawnable ea�ries upaa and icupections of the P�opecry.Lsndcc st�all gi�'v:
<br /> _ BQrtuwer aatics at the time of ot p�rior ta an inspcction speciCyiag rr�sona6le t�se for the�nsgcitian. ,
<br /> i�.CoadeeuatioID.The pmceeds ot any sward or etaim for Oatn�ges.direct or conu�quential.in oonnectian witA a�y _
<br /> - - -- - - -- condemt�tiort or ather tafci[r�af�y p�of the�ropertY.ur for conveyance ia�lieu nf n•�P•,+-n�rron.are hereby assignod t►�d' --- -- .-
<br /> _ � shali be paid to 1.endeK.
<br /> [a tha event of a total mkiAg of the Ptoperty.the proceeds shall 6c appGed to she sums secured by this Security Insttu�iSt�t.:. --
<br /> � wh��or not tben d�ce,with aay exae�s paid w Borrower. In the evest of a partiai taking of the Pcopercy in which d�et�'uiT• ---
<br /> - . ' mtcitet value of the Pr�apettY ima�ediately 6efoce the taYing is equat w or gc�ater than tfi��mouat of tbe sums sacused b�s}thjs
<br /> ' Security Insuua�eut immediatelp befoce the taiting,untcss Bociawer aad I.ender ot6�erwise agree in wsiting,the sums secuuqd,by�: _- -
<br /> tbis Senuity insQcumenc sh�ll 6e reduced by the amaunt of the proceeds mulaplied by t6e follawing fia�xian: (a) the�1. _._
<br /> _- _- amouat of thc sums secured immedisiely before the taldag.divided by (b}tlie fair rt�arkec value of the Property imme�di`tfte�l7� - -- —
<br />. �o���ipg. pny Datance sGall be paid tv Horroaer. in the eveat of a paccial tatcing of the Pmperty in wbict►tt��E�qr. _ -
<br /> ,, muicet v�tue of the Praperty iinmediateiy before the tafong is tessthaz�the aasount of the sums secured immediateiy l�efql�.th� _
<br /> Lcable law ot6erwise provides,the proceed�st�tU �°�- `
<br /> ,,�� t�Ying.untess Barmwer and I.ender otheiwise agree in writing or unless app' �,��v_`
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<br /> be applied w the sums secured by this Security Insw�t�ent vvhether or not the sums are then dae. �;;x,=-_:-
<br /> if t1�e Propeci5+is abando�d by Borr°'Ner.os if,afte�notice by L�nder to Bor�+ower that the coademaor offers to c�ce an -�z:„�
<br /> � .�'��' award or s�tle a ciaim for damages,Horrawer faiLs w respond to L.ender within 30 days aftec the date the natice isi:8i�ea+ '�,,;
<br /> . :;: i,eader is aa�tttori�ed to collect and apply the pr.oc�eeds�at its option.either to restorasion or repair of the Propgrty or to tf�sums �'���'_
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<br /> securod by this Security inst�ument,whether or not thert due. ;r:':.,:�'
<br /> d Itcation of to rin al st�all not eigtsnd.or t
<br /> tFnless Lender and Borrower athc�wise agree in writia�,, any app' p� P �P __
<br /> r•..,:-.-, � po�,ne the due d�e of tite monthly paymenis referred to i7�pauagrap[�s 1 and Z or change the amount af suc�h pagm:�i9•. ��- , _
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<br /> ���?r. � � . 11.Borrowa'Not Released;Fo��y 1.e�lder Nqt a�Yaiver.Eatension of the time for payment or mpdiftcation � •,,�;T-
<br /> ^ �.-� tnstnyment granted b Lendec,to any successor in.iq;eresi of Borro�s shall '.� :, :-,`, {.�
<br /> ' .�� > of aawctization of tAe sums securect lip this S�:rut� Y - : _
<br /> '`;��{,', : not operate to rete�se the lia6ility af the ori�.,,i"na3�srower or Barrower s suacessors in interesc.Lenclec s&a11 not�be cec�t�ifGd ta l} �,
<br /> •1 '���'�'-,=;�;::� �o m�s�e n c e p ro c e e d i n g s a g a in�an y successor ia�rest or refuse to eatend time for Qayment or otheawis:.madi amanizaiion ;�; ,; �_
<br /> �� �`�.l'`��'�;'��� . of the sums setured by this Securiry Instnsm�.by reason of any demand made by t he orig'�n a i.�e r r owec a r B A t r o w e r's ,; :.,;::j :��
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<br /> ." . � , successors in interest. Any forbearance by Lersi�iz exercising any right or rett�edy shall not be a was.�cr of ar pr�ludc the ..,. ••:::_f.;:._,�_ —
<br /> � ... eaercise af ariy right or rert�edy. ` . 'f,. :. _�—
<br /> =:„ '.� 1Z.Successo�s aad assig�Bouad;da�E•�.Se>'e�a!�.iability,Co-signers. The coven�cus:�d agreemect�s,of this ' ---
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<br /> �'-.;��°�;�: Secarity Instrument shall bind and benefit the success<?i,.ati��S�S�s of Lender and Borrower. suBjact to the pruwi�ions of ,f ___
<br /> ��"�L� .. � `� paragraph 17. Borrower's wvenancs and agreemeats sir.�'t��joint and several. Any 8o�rower who co-signs.dii�Serurity �_
<br /> �'� ` � • Instrument but does not execute the Note:. (a) is co-signin�tts"s Security Instrument only to mortgage, grant and��nvey that •�. � .� "�;�,�
<br /> � (b3 is not personally afsligated to p}�the sutns t�1'.� .--' - ��=�::,�-
<br /> �;., 1�,, .r ,. Borrower's interest in the Propeny under the tcrms of this Security Instrument; , P,.�l�.
<br /> � rr , secured by this Sccurity Instmment:and tc)agrees that Lender and any other Borrower may agree to extend,modifyl*forbear or � , ,
<br /> ,� '� �''��'y�
<br /> � ''�' `��- . , m a k e a n y a c c o r s s m a d a t i o n s w i t h r e g a r d t o t h e terms of this Securi ty Instrwnent or the Note tivithout that Borrowet?ti cansent.
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<br /> 1�•'�r'�F;'t%;;�`;�«._.,;,, 13.l.oan C6uges.If the t4an secured by this Security Instrumcnt is subject to a law which sets maximum lAan chazges. . �;.��:
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<br /> . �� - � and ttat law is finally interpreted so that the.interest ot atlr�r loan charges coltected or to be callected in cannecti�n with the 1 i.� . -
<br /> �`.�=�� . . tezz�exceed the perm_:,..�ted limits.[hen: (a)zny�uch loan chrrgc shatl�e red�ced by the amaunt necesJasy to redue�the charge . -g`..-
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<br /> :�°=F-� ' tp t�e{re�+itt�.#ti�si�:and(b)any sums'�lr�!iy°co}tected fram Bcrrasi�:r ni:ich exceeded permiae�lirr�its wil) b�rafunded ta �i�
<br /> - - :�'`t�.�. ��w�. (,��-r.iay choose to c^.ake cf�i��r�:nd bJ r�cang the prinripal owed under the Note or by makln8 a direct � ' , w,=
<br /> ' , ,��.�,,�F;�n,:,;�• ' paymr:.*,*: to Borrower. If a r�fu.�i r+�aces �z�cipaJ, t� r�uction will be treated as a partial prepaymecti,�withaut any � , ��`�; -
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<br /> . .,-;+;' = .,,, � prepayment charge nnder the�cr�. f . , �,•.'".
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<br /> � ��� �" � ';s;�� 14.Notices.Any notice.a L�rrower arcvided for in this Security Instrument shall be n��en by deliaering�t�or by mailing I#� �`., ;i,.;=: :
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<br /> ' •��. !:�;'ti: it by first class mail unless apFl"s^able law rc:quires use af anothcr mcthod.The noticc shall be diree[�to the Ftupesty Address �; . � ,.�:�,>; .
<br /> �u � �-'~.�`�� �"�'� or any other address Bonow•er��+ignates by notice to l.ender. Any notice to Lender Shall be gicen by firi:t c1a5s mail ta. �; :::
<br /> _ �,;..:�,,, .. - .
<br /> %•��'•���`'•".••• • LendePs address state�i herein or any ather address Lender designates by nntice to B�rrower.Any notice prov.ided for in this i
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<br /> • � • . Sccurity lnstrument shall be dce^�al to havc been givcn to Borrowcr or Lcrtder wficn given:�proveded in tfiis;parugr�ph. ,
<br /> 1S.Govesnt�Law;SeverabUity. T-''sc Security lnswment shall bc govemed by tcderal law u�d��the law of the f •
<br /> -�`' . jurisdictian in which the Property is loca:c..t• [z the event that any provision ur clause of'thi5 Security Instrutltent or thc Nute i'
<br /> � ' con�licts with applicablc law.such conflict saall not affcct othcr prrnisions�►f this Sccurity Instrumcnt ar thc Nota which can be {�
<br /> " ' givcn cffect without the conilicting pr��visivn. To thiti end thc provisions ol'thi,5ccurity Intitrument and the-�:ate ure declared. � __
<br /> , ' � to be severuble. `
<br /> . 16.Borrower's Copy.Borrowcr shall he given�mc conformed c�ipy of�hc Nnte and of this Sccurit}lnsttuutent. j
<br /> Fonn 302� 8/90�
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