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<br /> , paymeats msy no lon�er be rcquired,at thr c�tion of l.erxkr. if martQAyc in�urance cover�c(in tho attxtuq�,��for the period
<br /> that Lendcr roquirer)providod by rn inwrer�pprovod by l.cnder�dn becumes avxilable wKl is c�btainod. &?rtawer shall p�Y
<br /> the prcmiums required ta m�nt�in mort�e iruunr►ee i�effect,or ta provide a loxc rcr•erve,until the rdqui�tpaot for mort�trge
<br /> iawnnce ends in wccordance with any wcitten a�rament between Barrower+u�d l.ender or applicaiblo law.
<br /> 9. la�p�ctlon. L.ender ar itx�Yent truy make rw�nrble ent�ier upon and Inspectiong of tha Propetty..Lender ciull�ive
<br /> Borrower notice at thc lime of or prior w�n inapectiun spxifyin�reaconable c+wse for the inspectian.
<br /> t0. Condemnation, The pruceeds of any u::•ss�!t�s rlaim for dum•rge�.:. dfrxt or con.:equential. in sonnoctio�� wlth any
<br /> _ - conderruwtian o�other takinQ of any pan ui the Propeny.�►r far comeyAncc in lieu of condemnrtian. are tx{eby Asci�nod iud
<br /> �� ' rtwli bc paid to Lendcr.
<br /> -� �A�il In the evenl of a tatyl taking of the Propeny.the proceods stwll be applied to the sums securai by thia Socurity Instrument,
<br /> �,.
<br /> -"�"'�'�-..� whether or not then due, with uny ezcess paid tu Bormwer. ln the event af a purtial taking uf the Pro�erty i,� which the fair
<br /> -- --- market valuc of thc Propeny immeciiately befure the tuking is eqaal ta or greatcr than the a�nount of tha�um{;xcurod by thic
<br /> — Serurity In,trument inui�ediately bcfore the tukiog,unless Horrower:u�d I.ender othsrwisc agroc in writinµ, tha wms securod by
<br /> — this Security lnstrument shall be reducai by the wnount of the praceods multiplied by the follawittg fraetioll: (u) the totut
<br /> �--�_=-"�—� amount of the sums secured imn�iiatcly beiore the tuking, divide�by (b)thc fair market valuc of tha PropFny immediately
<br /> � beforc the tuking. Any balance �hall bc paid to Borrower. In the cvent af a pa�tial taking of tha Pr�perty ia which the fair
<br />__ � market value of the Property immediately befare�he taking is le.ss than the umount of the sums secureci immodistely before the
<br /> _` �•••• taking, unless Borrower and I.ender othcrwisc agrce in writing or unless applicublc law atherwice provjdas.tha procceds siwll
<br /> _— be applied to the sums securrxi by this Socurity Instcument whether or not the sunu ure then due.
<br /> _• If the Property is abandonad by Borcower,or if,after noticc by Lender tu Horrawer that tha condemm�r offers to makc sm
<br /> award or settle a claim for dwnAge+, Borrower fAils to respond to I.ender within ;i0 days nfter thc dute thq,rwtice is given,
<br /> Lender is autharized to cailect and apply the proceals,at its uptiun,either w rr�wrxtiun ur repair of ih�Propc,tty or to the wms
<br /> �R � secured by this Security Instrument,whether or not�hen due.
<br /> :r�;�.�_�•f�;; Unless Lender and Borrower otherwi!ce agree in writing, any upplication �f proceads to principal st�ll nat extend or
<br /> � �'�' - -,�; •'" postoone the due datc of the nwnthty puymentx referrcd to in parugraphs I and 2 or cha�ige thc umount�f such puyments.
<br /> .,, 1.•.,;�:•: 7�... 11.Borrower Not Released;Forl►earance By l.ender Not A Wpiver. Extension of the time for paymGnt or modification
<br /> �'�'�'�'�' '�''�`��.: •�;� • of arnortization of the sums secured by this Security Instrunxnt granted by I.ender ta any suco:swr in interesr of Borrower shall
<br /> � "• not operate to relea.tie the liabiliry of the original Barrower or Borrowe�s succcssors in intcrest. Lendcr shall not be rcquired to
<br /> ��,. rnmmence proceedings against any successor in interest ar refuse to extend time for payment or othenvise nxxlify tunortizetion
<br /> 3� '"''��s'�.��'� of thc suttu secureci by this Sccurity Instrumcnt by re:►son of any dema►nd made by the originai �or�raw•ex or Borcowcr's
<br /> ,�V�C7�..
<br /> �„t �,' succcssors in interest. Any forbearance by Lender in exerci�ing ony right or remedy nhall nat be a wuv�r ot'or prcclude the
<br /> eaercise of any right or remedy.
<br /> --- � - i2. ��.,soi�s �rid Asfiig� Soand;,foini w�d �ekcr�i Li�Wisi , Co-signer. 'i'!�c coccs�ni�, ar.tl,;;�:ccrszcats of this
<br /> • ,r���±�.�=►�=� f'
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<br /> � Security Instrument shall bind and benefit the successors und ussigns of Lender and Borrower, subjact tu the provisions of
<br /> t °'" �'� ��� paragrnph 17. Borrower's covenants and agreement.r shall be jnint and severui. Any Barrower who c��-higns this Security
<br /> .,�.lJti�;�ti ;
<br /> .,,.�t,. . • •� In�trument but dces not execute tlx Nate: (a) i+co-tiignin& this Security Tnstnrmcnt only tu mattguge.grunt and comey that
<br /> "`�"'��� • Bonower's intercst in the Pro rt unJer thc term�of this Sccurit Instrumi:nt:Ib)is not sonall obli tKa1 to a the sums
<br /> �,.��„ . Pe Y Y I�• 9 � P Y
<br /> ���+• sacured by this Security Instrument:and�r)agrces thrt Lsnder:uid any other Borrower muy agrce to ertcnd,modify,forbea�r or
<br /> ""''��`�'� make any accommodations with reg•rrd ro the termti af thiti Security ln.rtrunxnt or the Note without that Burrawer's consent.
<br /> ��`�`'��' �'��' �, � 13.Loan Cha es. If the loan+ecurcJ b thiti Scrurit (nstrument ia sub 4�t to a law which sets m•rximum ioun char es
<br /> .:�.. : ...... , !'B Y Y 1" g .
<br /> .:�-�--��:�;;r;� and that law is finully interpreteJ ui that the intem�t ur other loan charge�cull��cted or to be coUeeted in eonnection with the
<br /> • �~/�4��°��^:�+:•�-� •' loan excced the permitted limits, then: la)any tiuch loan rhargr shrll lx reJuceJ by thr arrwunt necestiary w reduce che charge
<br />,,��` . tii•,.y�.:g',,�q!;r�•., .. .: h
<br /> �• � � '� � to the permitted limit;and(b)any sunn ulreudy collected from Borrower which exrceded pernii►tad timits will be refunded to
<br /> . .-:...,..�.;;,(:
<br /> �:°•i� .� •.. � x Bonower. L.endlr moy chcx�se to nu►ke thi+ rcfu�xl by reducing the principal owed under the Nutc: 4�r by muking a direct
<br /> '�����'�� �' a ment to Horrower. If a ref'wxi reduce+ rinci el the redurtinn will Ix trerted us a artial rs a ment without ar�
<br /> ,�„.. ,. .•. .y�. �•� P Y P p' . p' P P'Y Y
<br /> ��,,,,, ,.. ;� • .. . , prepayment charge under the Notc.
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<br /> .4 ��.,;;4,_ , .,, ..,_.-, 14.Nutices. Any noticc to Bono�t-cr prc:viJcd fnr is�thi�Securit, [nr.trununt st�all bc givcn by dcliccring it or bp mailing
<br /> ' ,���y,.,�..,,;�_.:;., it by first class mail unless applirablc luw reyuire.u+e ol'anothcr muh�xl. The nutirc.hall ik dir�:cr� to the Propeny Address
<br /> •-:F • • or any other addre�ti Borrowcr design•rtc, by notire to I.endcr. Any nutice tu l.rndcr �I�ull be givc�n by first clatis mail to
<br /> ` "" Lcnder's address stutc�d hcrcin or any othcr address LcnJer dcsignatc� hy nuticc tu Bnrr��w•cr. A�ty notice provided for in this
<br />'",�� �,._..;�. Security Instnunent shall be dcemai tei have bcen given to Borrawer or Lende�when givcn u�providai in this paragrrph,
<br /> . ^`-;,,,;.;° 15.Governins Law; Severebility. Tl�is Sccurity Instrumcnt ,haU be guvcrncJ by fuierul luw and the law of the
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<br /> _ ��,;•',��.:_,_ jurisdiction in which the Propeny i�I�xut�. In the rvent that any pn3vision or rlausc�>f thir. S�urity Instrument or the Note
<br /> �„��o:.�.z:,r;,
<br />---- -,,-�.,, conflirts with applicable law,such conflict�hull not affect nthcr pr<rvisium of thi�Securi�.y Inst rument ex the Note which can be
<br /> :"� ,.� given effect withuut the conflicting provisian. Tu this end thc proviriun+uf thiy Securi�y l�:�trununt a�x1 the Note are declared
<br /> `�� to be severable.
<br /> -_ �� 16.Ibrrower's Copy. Burrowcr shall be given one conli�rnud cupy of thc Neitc:uxl ai thix Security Instrunxnt.
<br /> '' .���� Fa�n 3028 9/90
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