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<br /> maMt no lonjer be e�equirod.at the uption af Iader.if mort�e Inwnnce caverya(in the�rounc�ad,for t!M p�bd
<br /> WY �Y
<br /> tb�t Lenle� nequlrea)provided by an Luurtr approved by Lrnd�u a,�airt beoomed av�il�ble�td i�abtalt�d.gorrower�hdl pay
<br /> tpe prowiwus reautrod to m�I�la moct�ic�unooe in ofYat. ur to provide a lou�raerve.udii the requlnm�nt for aiatpN _
<br /> inwrat�ends in wcoruanx witit�ny wdtten a�reatsep�t between Bonower�nd 1.end�r or�pplic�lsW liw. �
<br /> !.Ia�p�ctba.Lenda at iu a�ent rny mrke rawnabb errrie�upan and itrpectlon�at�ha PropKty.Iwndw�lWl�iw
<br /> Horrower notice�t the time of or prior W m irupeqian rpxityin�roawtuible cauie for tho impection•
<br /> — 10. r.�1w�.'I'he pinoeed+oP�ny �wud or cldm tor d�n�es.diroct or oan�oquemfal. in caiu�o�.tilon wiih�ny
<br /> oondem�ution ru other takln�of a►y pat of the Propeny,ar far mnvryu�ce in liau flf a�ndemn�tbn.iro ha�eby�rtijrod�pd
<br /> -_— - --- �tull be paid to l,ender.
<br /> in the event o1 a total taking of tho Pmperty.the p►a�eads�1u11 be applied w the sums�ecurrd by thie 5!�.n!�ity lt�tn!mrnt,
<br /> whether or not then due. wjth any txces�{wid to Barcawer.In the evont of a p�rtid Wcin�ui the Pmperty in which the fair
<br /> muket value of thc Property immodistdy before the ta{cing it equal to or greater thu�the unount of the wma�avred by this
<br /> Sec�rity Insteument immadfately before tfie talcing,unleas Borrower ancl Lender otherwiee t�grce In wdtin�.the sums�avred by
<br /> thic Securlty Instrument �hall be rodoad�y the amount of the proc�eeds multipNod by the following frACti�n: (A) the tot�l
<br /> w�wunt of the r�uns securai immediately before tix taking.divided by (b) the fair miuket valuo of thc Property immodiately
<br /> before thc taking. Any brJana shall be pxid to Borrowu. In the event of a partlti takjng af the Property in which the fair
<br /> markei vAlue of thc Propedy immediately before the talcing ls less thAn the amount of the sw►u stcured immediately before the
<br /> t�king, unless Borrower and Lender otherwlse agne in writing or unless applicable law otherwlae provides,the proceeds shall
<br /> be applled to the sumc securai by thls Secudty Instrument whether or not thc sums are then due.
<br /> If the Praperty�is abandancd by Borrower,or if. after ratice by Lcndcr to Borrower ttuit the condenuwr�ffere to n�ake�n
<br /> award or aettle a cluim for damages� Aorrower fails to respond to I.ender within 30 days aRer the date the notla is glven,
<br /> - l.ender is authadzed ro callcxt and appty the proceeds.at its option,either to restoration or repair of the Property ar to the tumt
<br /> ' sxurcd by this Sa:uriry Instrument, wheBur or not then due.
<br /> _ — � Unless i.ender and Borrower otherwisc agree in wrzting. eny appllcatian of proceeds to principal shall not extend or
<br />-= I postpon�the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.$orrower Not Released; Forbearance Ry Lender Not A Wutver. �:ctension of the time for payment or modification
<br />� � � of emartizutian of the sums secured by this Security Instrument granted by I.ender to any successor in interest of Borrawer shall
<br />'=�'�?��' � not operata to release the lisbility af the original Rorrowe�or Borrower's successors in interest.L.ender shall nat be required to
<br />' �� { cammence praccedings against any successor in interest or rcfuse to extend time for payment ar otherwise modify amortizAtion
<br /> ,��j of the sums secured by this Security Instrument by rcasan of any dcmand made by the original Borrowcr or 13orrower's
<br />;,,�����i successors in interest. Any farbearance by I.ender in exerciaing any right or retnedy sheil not be a waiver of or preclude the
<br /> _ exucise of any right or remedy.
<br /> ��' �''"'�r�� 12. Successors and Assi�ns Bound; Jaint and Several Liability; Co-signers.The covenants and agrcxments of thie
<br /> 's� 5 ,f•��l> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> ' paragraph 17. 9orrower's covenants and agreements shall be joint and several. Any Borrower who co-si�ns this Security
<br /> ����,;;� �
<br /> �' '`�'��'•�y IBorrower'sintercstsin the Propeny under the terms ofshis Securitsy In ttrument 1(b)n�onot personallyanbl'Sa ed t pay the sums
<br /> "� �i�y:`..:.:�.,.i1 b
<br /> •�, ,., ��,;xti�.��,. secured by this Security Instrument:anJ(c)agrees that l.ender and any other Borrower may agree to extend,madify,forbear or
<br /> : ',�;,:.••-;f:.i:a�v, malce any accammodations with rebard a�the term�uf this Security Inrtrument or the Note without that Borrower's consent.
<br /> �:,a�;� 13. I.onn ChArges.lf thc loun secured by this Sccurity Instrument is subjc�:t to a law which scts maximum lo:u►charges.
<br /> "�� ,� l and that law is finally interpret��d so that the interext or rnher io;m churges rollected �u co be cotlated in ccmnectian with the
<br /> •� - _••`•'�- loan exceeci the permitted limits,then: (a)any�uch lo•rn charge shull be reJuced by the anxwnt necesrary ta reduce the charge
<br />„ _ �'`"�"•''"'j° to the pern�ittal limit;und(b)any sumz already rollectcd fmm&�rrower which cxcc�deJ permittal limits will be rcfunded to
<br /> " ��,,,._�,,.., Borrower. L.ender may'choose to make this refund hy reducing the principal owed under the Note or by making a direct
<br /> , Y;�.K;•.� ..�y,; paymcnt to Borrowcr. If u rcfund reduceti principul, the reduction will bc trcuted ati a partiul prcpayment without any
<br /> -���d'jf:�t�,t�'�•.:�� t prcpayment charge under the Notc.
<br /> , •��`'�':-•:'�-• 14.Notices. Any notice to B.�rrower pr�>vided for in this Security Instrument tihall tx�Fiven by delivering it or by mailing
<br /> h.Y • it by first class mail unless applicable luw requires use of another method. The nutie� shall fx:directed to the Property Addre.cs
<br /> y:w��. •'�� � � or any othcr pddrecs Bc�rcowcr dcsignutcs by nntice to Lender. Any noticc to Lendcr shall b�: givcn by first class muil to
<br /> ,....«...... . ..
<br />, \ � . . < Lender's address ,r•tated herein or•rny other aJdress I.ender designatex by notice to Borcuwer.Any natice pr��vided for in this
<br /> °-,,;� -_ Security Instrun�ent shall be decmed to havc bcen given to Barrower or[.ender whcn€iven as pmvided in this paragraph.
<br /> '`•;:�.� iS.('.overning LAw; Severs�bility. This Security Instrumcnt shail bc governcci by fcdcrul I�w and the law of the
<br /> ; jurisdiction in which the Property is located. In the event that any provi�ion or clause of this Security instrument or thc Note
<br />��?'� � +�,. conflicts with applicable law,such conflict shall not affect ather pruvitiions af thir Security Instrument or the Note which can be
<br /> 's �.,.��..�f. :�,.•. given effect without the conflicting provision.To this end the provisions of this Sccu�ity lnstrument and ti�e Note are declared
<br /> :;;�� to be severoble.
<br /> 16.Borrowcr's Copy. &�rrower shsll lx given one conformcd copy of thc Note aixi uf thi�Sccurity lastrumcnt.
<br /> L;.`' Fa�n30Z8 8/90
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