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_ _ .c° . .! . . ..} ' ' ' _— .t" �_ ' , . - . . � -. . _ '"`� _ ' y�.Y.�� . . . . 4, . . ` _`�_u_ J� _ _ , . . _ . _ ��:.'•h'_�_ _ +'.�.,. . .. ` `•'�j�-a�.a.-. � . . � , 94-ipps�8 . � . prymees m�r no,loeger 6e r�qairad.at the option of I:endet.��insunnce coveragc(in tLe�mount md fa�the'perind tmt I.ader t�equires)R'�'�b'Y��m�P�°Yad bY Le�der ag�un beoumcs avaitable tnd is ubtained.Bocmw�er eh�U payi � '. the pemiutos�eyuimd to maiaqin mo�tpae ins�uaroe in effxt,or to prnvide a losg reserve,�mW tbe tequiremeat for mortp�e. , iasurmot ei�ds in a�000rdmoe with�my�ritten a�rameot benvaa Botmwer and I�ender or appiicaMe law. • !�tior.•i�ender or its ageat m�y�ice rezsombk a�tries upon and inspegtioas of the Property.Lender sh�lt give' < Borruwer aod�e�t tbe time of os pior to an ia�pectiw�speafyin��rsson�ble cwse tbr t�e inspa�ion. . . ' lt.�.�6e procoeds of any awud or claim for dam�ges,dirax or ooasoquential.in connaYion with�oy 000de�ation or other taking of any put of she Pmperty.or for coweyame in lieu of catdemaazion.ane denby assigned aad s�a11!�e paid m l.eades.' • - � ' — .In the e�t.of s taW ta�ing uf the Pt+uppcty.tha pmceods st�ll be apQliod m the sums savred by this Savrity I�nunr�t, . ' . �rheti�er or not then due.with aay e�st paid to B�rower.In the eveat of a partial taking of tLe Praperty in wtucfi dse fair � �valut of the p�+npeRy a�iate�y befae the taiting is cqual to or groter tl�an tlte aittount of the sua�s sxund by tbis Secarity I�ument irtamodiattly 6efore the t�ng.anless Botrowet and Lender otliecwise agee in writing.d�e sa�soati�ed by . t�is SepuitY I�aumeat shall�e iied�od by the amount.of the prooads multipliod by the following fraction: (a)the�ta� amount of the�ms sewred im�ediately befote tbe taking,dividod bp(b3 t4e fair market va[ue of the Praperty inunediueIy -- befae We nlcing. My b�t�noe slwll be paid w Borrower. In the eveat of a pactial talcing of dx Prope�ty in wtuch the fair � market walue of t6e Pcoperty immodiately befote ti�e talcing is tess than the auwunt of d�e sums secured immediaUely befote ttx =u tatdng,unless Borrower and Ixnder otberwise agrce in writing or unless applicablt law atherwise provides.tbe praoeads s6a1! '�_ �-_. be applied W the sums secured by this Sa�rity Instzument whether or not the sums art thcn dae. . -' � If the Pmpaty is abanda�d by Botrowa,ar if,after notioe by Lender to Borrower that the condemrwr offers to makG an � awatd os settit a cl�im for�es, Bormwer fails to r+espond w ix�er withiu 30 days after the date the notice is given, _ Lender is authorizod t4 coIl�ct aed apply tt�e psoceeds,at its option,either to restu�ation or repair of the Prnperty or to the s�ms , �so�vrod isy this 5avrity Iaswment,vrbether`or nut i}kn d�e. - ' .;;: � Unl�ess i.enAer atd Bomower otherwise agree in writing, aory apptication of proceeds to principal sitali not extend or '�.�: , poupone the dne date of the monthly payments refened to in paragraphs 1 aM 2 or d�ange the znwunt of such payments. 1 ` 11.Borro�er Not Rdeased;For6eat�nce By I.4ndtr Not�Waiver.Extension of t6e time for payment or modifipdon `�``� o!auwrtiartion of the svms secured by this Security Inswment granted by I.ender to any saocessor in interest of Bormwer sUali •: • � n o t opetate to r e f e a s e t h e l i a b ility o f t h c o r iginal E o r r o w e c�o r B o r m w e r s s u c c e s s o rs i n i n t e s e s t. L e n d e r s f�a l l n o t b e r e q u i t o d w • -• . oommence pioceedings against any successor in interest or refuse ta extend time for payment or otherwise modify amoitiration , - of the sums secured by tliis Security Insiramcnrby reason of aay demand made by the origina! Borrower or BoRawer's� .. . sueassors in imerest. My forbearance by I.ender in exercising any right or remady sha11 not be a waiver of or preclude the � ' _ exercise of aIIy right or remedy. ': " '� 12. Su�x�ssocs aud�Bamd;Jdnt and 5everal Liabilily; CoSigne�s. The covenants and agreements of.this �:,.�: Sewrity Instrument shall bind aud benefit the successors and assigns of Lender and Borrower. subject to the provisions of �?�_- ' paragr�ph 17_ Hocrower's cot�and agreements shall be jaint and several. Any Borrawer who co-signs this Security �.; Insttnment but dces noi eaecate the Note:(a)is co-signing this Security Ie�...�arument anly to moctgage.grant and conveg that �H�", i . . p-:...:: Borrower's intaest in tbe Property undcr tl�ee terms of this Secu�ic�i:�murir�4b1 is not personally Q6ligated to pay the sums ,: ...,` - securod by this Secvrity Instrumen�and(c)agrees that l.ender xr.�:3m:i�.ir�f�arrower may agree to extend,madify,forbear or'•� ; �. ' ' make any accommadations with r�ard to the terms af this Seco.cii�:L�.w.�..��or the Note without that Borrower's eansen� . ; - •.;: . • 13.I,oan Chuges.If the toa�secured by this Security Instrumem:'s,sibject to u law which sets ma�cimum loan charges:. . � ard that taw is finally interpreted so that the interest or.other toan char�:��nllected or to be calleeted in oonnection witB the _ • loan exceed the permiued limits,then:(a)any such toan charge shall be r�f.�by ihe amount necessary to reduce the charge to the permitted limit:and(b)any sunu already mllected fram Bonower afizich exceeded permitted limits wip be refundad to Borrower. Lender may chaose to make tbis refund by reducing the principal awed under ihe Nate ar by making a direct payment to Boaower. If a refund refiues principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. la.Notices.Am�notice to Borrower pro�•ided for in lhis Secutity lnstrument shall be given by delivering it or by mailing it by first class mait eQ^,less applipbte law requires use of another method.The notice shal!be dim.cted ta the Property Address • or any ather address Borrower'ct�:y#�r,�tec by notice to Lender. Any notice to Lender shall be given by first class mail to l.tnder's address stated herein or a�iy�;�lter address Lender dcsignates by notirz to Borrower. Any notice pravided for in this Security Tnstrument shall be deenxd to have becn given to Borrowcr or I.crid�when given ac provided in this paragraph. �• IS.Goveming �.aw; Severability. This Security Insuument sha11 6e govemcd by federal law and the law of the � , jurisdiction in whicft ti�c Property is loqted. ln the event that any provision or dause of thiti Security Inswment or the Note conflicts with applicable law.svch conflict shali not affect otherpravisions of this Security instrument or the Note which can be given effeet without the conflicting provision.To this end the provi�ions af ihis Security Imlrume�t a�d the Note are deelared - to be severeble. � • . 16.Borrower's Copy.Borrower shall be given one conformed copy of the N�te and af this Security Instrument. Forrt�3028 9/90 Pega a ot s ' � . .i.�: -- ---- - :�,.• -- =�-'r', T•r.�a-7.-7�+-•:«i."1�+- - - --xy._�,_•y�r ^._�:.__ ...�:� �; ---_-.:..�.e:��vEci-_ �7�r ��F".�,y ' __ __--_'—_—'—_ __—',t•�'i1_�,^cY!c�-�-< � �— --��c�w�rw.'r�t•/i` . .��-�� ;:.�:•.sew+n.,�:=1i.`T�'�.�i:[k4':.4 ..+ ;,�Ci74.'t;:�. ._. _ :�,.... ___ . 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