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<br /> W: - - ---�-��. 101i�'S
<br /> at the option of I.ender. it mort�a�e (nsuance caven�e (in the�mount �nd for the perind that l.ender roq�iree)
<br /> provided by sn inaurm�pprovai by Len�ler��ain beooma avdlable�nd f�abuined.aorrower shall p�y the premiums
<br /> roquirod w m�{ntaim m�ct�age tnturance in etiei:t,or to pravldo� laee reaerve, until the requirement Tor mort�a�e
<br /> i�rur�n�.�e enda in�ccordance with�ny�rltun a�{reement betNeen BorroNer�nd I.ender or appIIc�ble I�w.
<br /> - — 9.In�peetion.Lender or iu�pent may m�ke reuonable entrla upon and inspections of the Property.Lender sh�ll
<br /> �ive Harrawer notice it the tlme of or prtor ta sn itu��ection cpecityln�re�sonable eauee tor the inepection.
<br /> � 10. Condema�tioa.The prcxeede ot�ny ar�ard or claim t�r dam��ee,direct or coneequential, in r.onnxtion wtth
<br /> any condemnatSon or other ukin�of�ny prt ot the Property.ar for convayance in lieu oI condamnation,�ro heteby
<br /> ari�nad and nh�ll bo pid to l.ender.
<br /> ;�. In the event of a total takint�i the Property, tho procaeda ehall be appliad to the aume secured by this Security �-__
<br /> '.� Inatrument,whether or not then due,with any excess pald to Borrowa.In the event o{a partial ta�in�oi the Property in
<br /> which tho fair market value oi'the Proparty immedittely betore the ukin�is equal to or groater thin the amount of the
<br /> ��-' sums secured by this Security Instcument immediately lxforo the takin�,unlesa Borrowet and Lender otherwise�Yroe
<br /> �,�y�,��� in writinY,the sums secured by this Sacurity Instrument eh�ll be reduced by the amount of the proceeds multiplied by
<br /> — the followin�fraction:(a�the total amount of the sums exured immediauly before the tekin�,divided by(b�the tair
<br /> -�""�!°��`"j""' ���� market value oi the Property immediauly before tho ta{cing.Any bolance ehsll be paid to Borrowar.In the event of a
<br /> -- _ `'_`-��'�w� partial uking of the Property ir►which the tair market value uf the Property immaiiately betore the uking ia iess than
<br /> ' - the amount of the sums secured immediately betore the taking,unless Borrower and I.ender otherwise aeree in writin�
<br /> �'.�'�f� +_:�--v:a� or unless �pplicable law otherwise provides, the proceeda ahall be epplied to the aume secured by thia Secutity —
<br /> ,��.-�:� .;, . . >
<br /> ���'�'�=� `'` Inatrument whether or not the sums an then due.
<br /> — -- `^�`��'�� If the Propetty is abandoned by Bonower,or if,after notice by I.ender to Borrower that the condemnor offece to
<br /> - `�'.�,�_�.__.�.,.�
<br /> -- � �,,;�±-•,�•�'�g , meke an award or settle a claim for dam��es, Borrower fails to teapond to I,endet within 30 days attcr the date the —�
<br /> � :�•�Yr� notice is Eiven,Lender ia authorized to collect and apply the proceeds,at its option,either to nstoration or repair of the --
<br /> � � _ � Ptoperty or to the sums secured by this Security Inetrument,whether ar not then due. --
<br /> � . �;� Unless Lender and Borrower otherwisa agree in writing,any application of procceds to principal ahall not extend or __.
<br /> ,•s�, � ' postpone the due date of the monthly psyments referred to in peragraphs 1 and 2 or chan�r, the amount of such =-
<br /> ` paymenus. ___
<br /> ' I I. $orrower Not Relased; Forbearance By I.ender Not a Waiver. Extension of the time for payment or =._.
<br /> •� • modification of amortization of the sums secured by this Security Instrument granted by I.ender to any successor in
<br /> interest af Aorcower ahall not operate to rolease the liability of *.he original Borrower or Borrower'a successors in
<br /> interest. Lender shall not be required to commence proceulings againat any auccessor in interest or ref��.se to extend -_-
<br /> time for payment or otherwise modify amortization of the sums secured by this Security Inatrument by reason of any ---
<br /> demand made by the originsl Borrower or Borcower's auccessors in interest. Any forbearance by L.ender in exetcising �}'``
<br /> any right or remedy shell not be a waiver of or preclude the exercise of any right or remrdy. --
<br /> 12. Successors.�nd Assi�ns Bound;Joint and Several Liability;Ca-si�ners.The covenants and agreements =___
<br /> ----- � - -- � of this Security lnstrument shaii bind and benefit the successurs and ns�igus�i I.cnJCr a�id Bur�uwcr,sut�ja;t to ihe
<br /> � provisions of paragraph 17.Aorrower's covenants and agreements shaU be joint and several.Any Borrower who co-signs
<br /> this Security Instrument but does not execute the Note; (a) is co-signing this Security Instrument only to mortgage,
<br /> � grant and convey that Aorrower's interest in the Praperty under the terms of this Security Instrument; (b) is not =_�
<br /> : • personally obligated to pay the sums secured by this Security Instrument;and (c) agrees that Lender and any othPr =��=�
<br /> ` Borrower may agree to extend,modify,forbear or make any accommodations with regard to the terms of this Security �"_�'�
<br /> Instrument or the Note without that Bon•owePs consent. ��_
<br /> � 13. Loan Charges. If the loan secureJ by this Security Instrument is subject to a law which r,ets maximum loan �'
<br /> � charges, and that law is finally interpreted so that the interest or other loan char es cnllected or to be coll�cted in
<br /> 8 �'�'�:-.
<br /> ���' connection with the loan exr.eed the permitted limits,then: (a) any such loan charge shall be reduced by the amount �';
<br /> necessary to ceduce the e:harge to the permitted limit; and (b) any sums already collected irom 13orrnwer which
<br /> ` � exceeded permitted limits w�ill Ix: refunded tc� Borroa•e;r. l.ender may ehoose to make this refund by reducing the
<br /> � principal owed under the hote or by making a direct pxy�ment to Bnrrower.lf a refund rrduces principal,the reduction ��:>_
<br /> • i will be treatedas a partial prepayment�vith�ut an��prepayment charge under the 1otr.
<br /> I 14. Notices. Any nc�tiee to Bc�rrower prcivided fr�r in this Security Instrument shall be givCn by�delivering it or b� �
<br /> ' � mailing it by titst class mail unless appli�able lat� reyiiires use c�f another method.'l�hr notice shall be directed to thr �
<br /> • � Property Addre�.s or an�•other address Borro���er designatrs b}�notice to I.ender.Any notice to I.ender shall be gi��en by �
<br /> first clas.s mail to I.ender s addre:ss stated hrrrin or an}� othrr addrrss I,ender designates b3�notice to Ac�rrower. Any �
<br /> notice pro�•ided for in this Security Instrument shell he deemed to havr been given to F�rrower c�r I,ender when given p
<br /> as provided in this paragraph. '
<br /> 15. Governin� Lsw;Se�•ersbility.'I�his Security Instr�iment shall be go�•rrned by federal law and the law of the '
<br /> . jurisdiction inµhich the Property is loc•atcd.In thr r��ent that uny pro��ision or clausr of this Serurity Instrument or the t
<br /> � Note conflicts with applicable law,sunc�onflict shall not affert other pro�•isi�ms of this Srcurit�•Instrument ur the Note
<br /> ' which can t�gi�•en eftect N•ithnat the conflirting pro�•ision.'('o this end the prrn�isions of this Se�:urity instriiment and ;,
<br /> � the Note are declared to be severable. "
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<br /> . F�rm 302� 9/90
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