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<br /> p�ymetw rn�y oo lon�u be roquired.u the option of Leoder.if nwnQn�e incurance covrc�e(in the snkwnt and fur the perlod
<br /> that L.endcr roquireY)provided by�n iruu.er��prc�ved by l.en�e�NQdn baames�rvxil�ble Ynd is abt�ined. 6nrrnwer�i�Wy
<br /> _ _—___�__ �p�u��yuirod to mrint�ii�u�u�i�+�e in.ura�ce!n cff:xt.o►to p�uvtdc a fuss racrvc,untN the sequlrt�sent fut ma�t�e
<br /> iruur:mce enJs in�rdance with any written�reemenc bdweeo&xrower�rki Lendu or�ppliuble Ixw.
<br /> 9.lespectbn. L.onder ar its�ene may mwke rc�wHwble entria upon r�x1 ir�patiau of the Prc�periy. l.axkr rlwll�ive
<br /> _�D Bormwcr nutice at the dmc of or prinr to an irupection spocifyin�{rw�tinrblr u�use far the inxpaKiun.
<br /> :`; 10. Condemtuitioa. The proceeds uf'w►y �ward or cluim fur J�t�u�Qa. dinxt ur conseyuentirl. in connoctiun with Nny
<br /> __`:`��,� condcmnutiim or<xher takin�of wny pxn of the PropenY,or fa�cunveyanc�e in lieu of�omiemnstion.�ro 1►�reby+u�i�nai+ud
<br /> _ :� alwit bc p�id�o i.endc�.
<br /> ', In the cvent of a tcNal taking af thc Property,the procceds�hxll bc wppliai to thc wms socuroc!by this Securiry Iruurumcnt,
<br /> whether or rat thcn due, with any excess puid ta Barrower. In the event af u partial tuking af the Pmpehy in which the f�ir
<br /> 'Fr���`� �.�� markct vulue of tMe Property immediatcly before the tuking is equal to or greatcr than the amount of the sums socurod by this
<br /> Socurity Instmmrnt jmmodiately befi�rc thc taking, unlcss Bc�rmwer ancj L.ender utherwisc agror in writin�.thc surtu sccurcd by
<br /> _ '` �-�:— this Security InstNment shall be roduced by the amoun►oF the procoods multiplied by the f�qawing fn�ctiun: (a)the total
<br /> ����::�:��°'�-•�•� umount of the sums securcd immc�fiatcly beforc:the taking, dividcd by(b1 thc fair tnzrket value of the Property immodiately
<br /> . a�.��,.s°
<br /> v�fi�<-�
<br />-��-�.:o���:�rit�' before the takt�g. Any balance shall be paid to Borrawer. In the event ai a partial tuking of the Propecty in which the fair
<br /> � � market value of the Property inunedi�tely befare the taking is less than the amount af the sums securod immediately bePorc thc
<br /> -- -_ �+- r.r�;t�,�:,.:r. , taking,unless Borrower and L.cnder othenvise agree in writing or unless appl icable lew otherwlse providts,the proccxds stwll
<br /> - s''�� ' � be l�ai to the sums secured by this Scxurity lnstrument whether or ncx the sums am then due.
<br /> - ,�x���`�� rtti� N `'�`' �If the Property is�bandoned by Borrawer, or if,ufter notice by l.ender t��Bonower that the condemnor offerx to rrwke un
<br /> �..°,,:..,•., �w...
<br /> �%�` '•� uward or settle a claim for damages, Horrowcr fails to respond to C.e n d er w it h in 3 0 days a frer t he d a te t he �x�t i c e i s g i v e n.
<br /> , � �� . Lender is autharizod to mllect and apply tlie proceeds,at its opiion,either ro restaration or rcpair of thc Property or to the aunu _
<br /> �°' . ' secured by this Security Instrument,whether or not then due.
<br /> � Unless L.ender and Borrower otherwise agree in writing, any application of prixads to principal shaU not extend or
<br /> . • . postpone the due date af the monthly pa}•ments referred to in paragraphs 1 and 2 or change the a�nount nf such payment�. _
<br /> ll. Borrower Not Released;Forbc�rance Sy l.ender Not s►Waiver.Extemi�M of the time for payment ar modification
<br /> of amonization of the swns secured by this Security]nstrument granted by I.ender ta�ny succe�x►r in interest of Borrower rhall
<br /> •�� � not opernte ta retease the liability of thc ariginal Barrowcr or Borrower's success�rs in intcrest.Lender shall not t►e required to
<br /> "�"' " ' commence proccedings against any succesx�r in interest or refu�to extend time for payment or othenvise modify amortization
<br /> ' • of the sums secured by this Securiry Instrument by rc.�.wn of any demanc! n�de by the origirwt Horcower or Borrowcr's
<br /> �", '• successorti in interest. Any farbearance by Lender in exercising any rigln ar remedy shall not be a waiver af or preclude the -
<br /> �,;.,: .. exercise of any right or�emedy.
<br /> 12. Successors a�d AcSi�ns Bound; Joint and �everyi i.iAbiiity; Co-si�ners. ThC COVCililtli� itlltl ug�c��iienis Of IIiiS
<br /> . !,�' " " Securiry Instrument shail bind und bene�t the succe+son and ussigns of I.ender und Borrower, subject to the p�ovisions of
<br /> � �.�;,`.
<br /> :,;�,;;• �� paragraph 17. Borrower's covenants a�xi agreements shall he joint and x�•e�ul. Any Burrower who rn-signs this Security
<br /> �'•��' � �` Instrument but dcxs n<�t execute the N�xr (u) is ro•�igning thi, Security [nxtrument only to mortgage. grAnt anci convey that
<br /> , . Borrower's interest in the Property undcr thc ternis uf thi.r Sccurity l�strument;(b) is not peru�nully oblig•rtcd to pay thc sums
<br />= � secur�xi by thi.Security Instromcnr. an�l�r)ugree�tlut Lcnder and any other Burrc�wer may ugree to rxtend,m�xiify.forhe:�r or
<br /> � malce any accommalutiuns with regurd to thc term�of thi+3�curity]n+tninunt or the Note without that&irrower'x consent.
<br /> � l3. I.oen Clwry;es. lf the Ic�an,ecurcd by this Serurity Instrumcnt i.�ubjrrt to a law whirh sets maximum loan charges,
<br /> j�, , .. • and that law is tinally interpret��1 ,c�tF�at the irnerc,t��r uther loun charges cullectcJ��r to br collected in connection witb the
<br /> :;.� loln exceed the permitted limit�, thrn: ta)any tiurh I��un rhurge shall tx reducrd by thc amount nccer,ary ta reduce the char�e
<br /> �� � to the perrr►itted limit:und (b)rny swii+alrwJy rollecteJ t'rom Biittowrr u•h irh exc�tidc�i�xrmitted limitx wiU be refunded to
<br /> Borrower. Lendcr muy rh�wsr tu makc thi� rcl'und by reJuring thr principal �nti•ed unJrr thc N��ic ur by m•rkin� a direct
<br /> , payment to &�rruwcr. If u refurxl rcdurc. principul, thc redurtion will t►c trcuu�l u. u purtial pr�p:�yment without any
<br /> j ' � prepaymern charge under the Notr.
<br /> , , 14. Notires.Any notire tu Bnrruwer pr��vided for in thi.Srrurity lnstrununt �haU t+��iven by drlivering it or by m:►iling
<br /> � it by first clasx mail unle�+applirablr I.nv rcyuireti u,e ul anothcr methixi.Thr n�titicc�hall tx directed to the Property Add�esx
<br /> . or any i�thcr uddresti Borraacr dc�ignatr. hy naticc tu I.cndcr. Am nrnicc tu Lrndc� �hall br givcn by tint cla++ mail to
<br />:"' L.cnJcr's addrcss uatcd hrrcin or an�• uther aJJrc�+[.rnJer detiignat�. by ix�tirc G� &�rrnwrr. Any nutice provided for in this
<br /> �;' .. :"*��.','� " Security Instrumrnt shall be dremcd ti�ha.�c Ixen giccn tu Borrowcr ur L�ndcr when given a�pravidcd in thi.par•rgr•rph.
<br /> �" ' � 15. Gnvernin� LuN•: Severnhilit�•. Thi� Security In+trument xhull be g�n'�rn�J hy fcJcrul law and thc law� af thc
<br /> R,:� i°•�• s'�� jutisdicticm in which the Proprrty is I�xatrd. In thc cvrnt that um pruvitiion ur rluuK uf thi,Sccurity In,trumm�t �tt thc Notc
<br />�� r�" ,�`� conflicts with applirablc law.surh rontlirt�hall n�n affut othcr prcx•i.ium uf this Securit}�Imtrumcnt ar thr Notc whinc�un bc
<br /> � �:� � • given effect without thr rontlicting pruvi,iun.Tu dii, end the pru��i.iuns uf thiti Serurity Imtrumrnt und the Notc are declared
<br /> �, ` . _ to tx:xve��blc.
<br /> ? 16. Borrowec's Copy.Borruwcr�hal l Ik givcn onc conforntcJ rupy u(thc Nute anJ ot'ihi+Sccuriry Instrunx:nt.
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<br /> ,11' Fam 3028 9l90
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