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<br /> . � �- at the uptton of L.ender, It mortyaQe inaurance covenee (in the amount�nd tor the period that Lender requires)
<br /> provlded by an iasuror spproved by Lender swin becoma av�il�ble and i�obtained.Horrower sh�ll pRy the premiume
<br /> - -- roquired to mdntain mort��e inaurmco in effxt,or to provlde a Inee reeervo, unttl tho roquiroment !nr mort�a�e
<br /> - insursnce ende in accord�nce with any wcitten a�reement between aonower md I.ender or appliable I�w.
<br /> 9. Ia�pection.Lender or iu a�ent may m�ko ro�eomble ent�ia upon and irupoctiona of tho Property.Lsnder�hsll
<br /> -- ---- �ive Bonower notice st the time oi or prIor to in inapection spec�tytne rc�eonable c�uee tor the inspeotion.
<br /> 10. Condemn�tioa.'The proceede ot any award or ct�im foc dsmt�ee,dirat nr cunsoquontt�l.in connoction with
<br /> r�%+:,;a-'� ' my condemnuion ur other uktn�ot�ny part of the Yroperty,or for conveyance in liau ot condemnation.�re hereby
<br /> �asi�ned�nd shall be patd to Le�dec.
<br /> ���� '� �••�"� ln the event of a total taki�g of the Property,the procoods shsll ba applied to the sums secured by this Security L
<br /> . . .,,Y..a,,..,..�; -
<br /> •�. � lnstrument,whether or not then due,with any excess psid to Borcower.In the event ot a p�rtial takiny ot the Yroperty in
<br /> -�_��7,�,� whlch the isir m�rket vilue of the Property immediately betore the ukine is eqwl to nr�rester th�n the amount of the
<br /> , --�-- � aums secured by thia Security Instru,meat immediately betore the takinE, unleas Borrower�nd I.ender otherwise��roe
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<br /> '"��= �•.-.a in writing,the sums socured by thia Security Inetrument ahatl be raiuced by the amount of the�roceeds multipliod by
<br /> - �_.�.�=;'�.�:�.,.•
<br /> __ - --- �� the following fraction: (e)the total amount of the sums secured immediauly before the taking,divided by (b) the fair __
<br /> ;;�:•::�,� • markat value of the Property immediately beforo the teking..�,ny balance shall be pcid to Borrower. In the event of a
<br /> --- � � �• •�•° partial taking of the Propecty in which the tair market value of the Property immediately before the taking is less than ��
<br /> - �- ''�•• , tha amount at the sums secured immediately betare che tal�ing,unless Borrawet and Lender otherwiso agree in writing
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<br /> � '•, ' ar unles.g applicable law otherwise providas, the praceeda shall be ipplied to the sums sexured by thia Security --"`
<br /> �. � • Inatrument whether ar not the suma are then due. ___
<br /> - �'•� .• . ••�--...-�}.� If the Property is abandoned by Borrower,or ii,afur nnttce by Lender to Borrower that the condemnor offers to
<br /> �� s• make an award or settle a clatm for damages, Borrower faila to respond to I.ender within 30 days after the date the _._
<br /> # � notice is eiven,Lender ie euthoriud to collect and apply the proceeds,at its option,either to reatocation or repai r ot the —
<br /> - Property or to the aums secured by thie Security Instrument,ahether or not tt►en dua -
<br /> � , . Unless I.ender end Borrower otherwise a�nx in writin�,any�pplication of procoeds to principal shall nat extend ar ��•
<br /> postpone the due date of the monthly pnyments referred to in paraQraphe 1 �nd 2 0� ch�n�e the amount �f such F••
<br /> , paymentia. r-:
<br /> � 11. Barrawer Nat Relw:ed; For6earance By l.ender Not s Wiiver. }'sxtension��t thr timn t��r pryment �a r�y
<br /> mc,ditication af amortization ut th�nums�curod hy thi��urity Inxtrumant yr�nteJ fiy I.enJcr to rny riikcc��r in �
<br /> intercet of Iiorrower eh�ll not operate w raleaac thr li�bility u( thr ori�in�l liurrowor nr }iorr�►wcr'R a►kca�►rn in
<br /> �� intereat.IxnJcr sh�ll nnt be coquirr.d to cc�mmrnce pnx:heclin�r+���i�u+t any sikceuuu�r in intnrrat �,r rrf►u�u►oxtrnd �_-�
<br /> timc tur�aymonc cu othcrwixe modiiy amortiuttnn�it the Rumn�:ural hy this!xxuriry Instrument hy rrw;�m ot rny `
<br /> demmd m�dc by the uri�ind }ic�rr��wer or }ie�rn,wer's eiwcru�una in intrrex+t. 4ny tort��rrnca by I.�nder in exnrcisin� -__
<br /> my ri�ht c�r rCmcciy ehall nr�t be a weiver o�or prec:hxle tho axerciee c�t any ri�ht or remrdy. � .
<br /> � l2.Succes:�re�nd A��t�aR 8ound; Jaint md 5evecal l.iability;(.o-�ltners.'The covenuntr,anJ ygreemrnue �_`
<br /> ----- - � of this Security Inscrnmeni ehsii bind enJ ben�ti�tt�c atx:�c-�ora and acsiQns of t.endcr and t3anr3wcr, ;ubj�:t to thr Y
<br /> provisions of paragraph 17.Horrower's covenants and agre�mentx shall be joint and several.Any I3orrower who co-si�na
<br /> this Secttrity Instrument but doe.s not Cxecute the Note: (a) is co-signing this Sec;urity Instrument only to mortgage, -
<br /> grant and c�nvey that &�rrower's interest in the Property under the terms of this Security Instrument; (b) is not
<br /> personally �bligated to pay the sums secured by this Security Instrument;and (c) agrees that Lender and any other ��
<br /> Borrower may agree to extend,modify,forbear or make any accom modatians with regard to the terms of thia Sexurity
<br /> �;. Instrument or the Note without that Borrower's consent.
<br /> ��.,v�
<br /> 13. Loan Charge�s. If the loan secured by this Security Instrument is subject to a Iaw which sets maximum loan �
<br /> a charges, and that law is finally interpreted so that the interest or other (o�n charges collected or to be collected in �
<br /> ��' connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount :
<br /> necessary to reduce the charge to the permitted limit; and (b� any sums already collexted from Borro�ver which '
<br /> exceeded permitted lirnits will be refunded to Borrower. I_ender may choase to make this refund by reducing the �
<br /> ' principal owed under the Note or by making a direct payment to Borrox�er.lf a refund reduces principal, the reduction 4
<br /> will be treated as a partial prepayment without anp prepayment charge undCr the Note. f
<br /> ,` 14.Notices. Any notice to Borrower provided for in this Security�Instrument shall be given by delivering it or bs� �
<br /> ' mailing it by first class mail unless applicable law reqiiires use of another method.l'he notice shall be directed to the �
<br /> Property Address or any other address Iiorrower designates by notice to I.ender.Any notice to Ixnder shall be given bJ� s
<br /> first class mail to IxndePs address stated herein or any other address l.r.nder designaces by notice to Borrower.An�• ;
<br /> notice provided for in this Sec�rity[nstrument shall he deemed to have l�een given to Horrower or I.ender when gi�•en '
<br /> es provided in this paragraph.
<br /> IS.Governing I.aw;Severability.'I�his Security Instrument shall �e governed by feJecal law anJ the law of the �
<br /> jurisdiction in which the Property is located.In the event that any pr�visicm or clause c�f this Src►►rity Instrument or the
<br /> ' Note conflicts with applicable lat��,such ronflict shall not affect other pro�•isions of this Security lnstrument or the\'c>te
<br /> which can ix given effect without the a�nflicting rro�•ision.7'o this end thr pro�•isions of this Security Instrument and
<br /> thC Note arr declared to be severable.
<br /> �. � I
<br /> ' Form S02• 8/90
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