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<br /> qynbnt�nMy ro lan�er be roquitvd,�t the optbn of Lender�if mort�o iraura�oe covor�a(in the anww�t and tar tfie perriod�
<br /> tl�t t.�ndrr roqul�+e�)P�'ovided by�n inwra appnoved by I.e�der�In b�ecana�vdlablo�nd b abulned. Borrower�hdl p�y
<br /> tbe pr�em4um�nquirod w m�lrwin mort�ye in�uranoe in affea.cx w prnvide a bss ro�erve,undl tbe nequiewnat tor mo�y�
<br /> iawhncs ad�in�cao�d�noe witb�ay wripan yroeme�k 6etwan Borrower rd Lerder or rppliaibk uw.
<br /> !. Ia�prclloN.L,etider cx iu�ent nry mSco nrw�rbb eirria upon�nd Irupecxiiom nt t}w PropaRy.l,a�dar �bdl Sive
<br /> Borrowor naire u ihe�ime of or prior a�n in.peabn�peclfyfn�roa�a�ble c�we tor the impection.
<br /> 10. CoNdwa�tbp, 'i'1ie prooeed� of�ny aw�rd or claim for d�n�a, dlroct or cix�equentW. in oonnecUon with�uy
<br /> c�oodemmtbn or athar talcit�ot�uty put of the PropeRy�or for catveysnoe in lieu of cadeaon�tlon.aro 1�yby wlimd�ad
<br /> rJwll be N++W w Lc�xirx.
<br /> In the event af�tot�l Wcin�of the Praperty.the prowods stWl be applied W the w�tu securod by thii Socurity Imuuma�t.
<br /> wtKtlxr or rat lhen due, with any cxass p�id to Bort+ower. In the event of i portid taking of the Pcoperty in which the f�ir
<br /> market v�lue of the Property imn�odi�leiy beforc thc talcjng is eqw! w or grcata th�n the unount of the surtu sa�ured by this
<br /> Security Inatrumcnt inunediately beforo tho ukln�.unlesY Borrowu and I.ender othcrwiu agree!n writina, the wms savred by
<br /> thi: Socurity I�utrument �til be reduced by the u�wunt of the pr+oceais muldplied by the follawinQ fractfon: (a) the total
<br /> amou�u of the sumc cecured fnunodiauly before ihe taking. dividod by(b)the fair rtwrket value of the Propeety immediatdy
<br /> beforc the taking. Any btlance shall be prid to Borrower. In the event of� putial takin� of the Property !n which the f�ir
<br /> msrket vatue of thc Property immodiRtely 6eCntc the taking is less dwn the wnount of the wrns iecurad immodiately before the
<br /> Wcing,unlac Hormwer and I.ender othcnvlse�gree in wdting or unless Appliablc I�w dherwice providet.thc prooeod� �iWl
<br /> bc�ppliod to the sums secured by this Socudry Instrument whe�her ar not the sums a�c then Jue.
<br /> If the Prope�ty is abandonod by Borrower,or if,afur noticc by Lender to Borrower that the rnndemnor ot�e�to malce�n
<br /> = swud or aetde A d�im far danwges. Borrowcr fails to respond w Lendcr within 30 days aRer the date thc rwtice is�iven,
<br /> "=' I,ender is authodud to collect and apply the procoeds,at its option,eithe�ta ceswration or repyir uf tlx Pruprrty ar to tbe sumc
<br /> : socurod by this Security instrument.whether or not then due.
<br /> �� Unless Lender and Borrower atherwise agree in w�iting. any appl�cuion of procoods ta principal s}u!I not extend or
<br /> postpone the due datc af thc monthly payments referrod to in paraQraphs 1 and 2 or change the amonnt of such payments.
<br /> - 11.Borrow��r Not RdeACed;ForbearAnce By l.ender Not a Walver.Extension of the time for payment or modification
<br /> " of amonization of the sums secured by this Securlty Instrument granted by I.ender to any successor in interest of Borrower stu�i!
<br /> . not operate to rclease the liubility af the originAl Borrower or Borrower's successors in intercst.L.ender slwll not he required ro
<br /> commence praceedings against any wccesu�r in intercst ar refuse to eztend tirrx for payment or otherwise modify vnortization
<br /> _- � ��tk�7..�; , of the sums securcd by this Security Instrumrnt by rcason of any dernrnd made by thc original Borrower or Botrawer's
<br /> � .
<br /> - `;^,,,� ,;�,; ;; successors in interest. Any forbear.mce by I.ender in exerrising u►y right or remedy slwll not be a wuiver of or preclude the
<br /> . excrcise of any dght or rcmody.
<br /> •FF�F:;.:..?;,��-•.'��., !�. �uceetisors And Assigns H�oundc soint �nd Srrerri Liri�iiiiy: Co-sfg�ccs. 'i7ie covcnanis at►d sgrccmcs'si5 ot'ihis
<br /> f'' � Securit Instrument shall bind und benefit the succeswn and auigns of I.ender and Borrower. subject to the provlsions of
<br /> rs..�
<br /> •�►u,1.:�.�..�,,�. :- �� Y
<br /> ,.,,;�;•,,,_;,;;,,,�,�' " paragraph 17. Borrowcr's cuvenants and�greements shall bc joint and scveral. Any Borrower who co-signs ihis Security
<br /> ''�"•�" ' �` �' Instrument but does not executc thc Note:(a) is c�-signing this Security Instrument only to mortgage.grant and convey thnt
<br /> .,,.:
<br /> � .. Borrower's interest in thc Properry under thc tcrtns of thi.r Security Instrument;lb)is nat per.wnally obligatod to pay the sums
<br /> . � ° secured by this Security Instrument;�nd(c)ugree�that L.ender uncf uny cxher Borrower may agnx to extend,modify, forbear or
<br /> — � • • � m�ke any accomm�xiatiuns with regurd to the tcrms of this Security Inxtrument orthe Note without thut Borrower'sconsent.
<br /> �= 13.Loan Chary;es. If the loan tierur��l by thi.Security Imtmnxnt iti.uhject to a law which sets maximum loan charges.
<br /> i- •- • a��d that law is finally interpreted w that the interetit or othrr I��an rhurge�a�llecteJ or to t,e collected in connection with the
<br /> �:tiC r 4
<br /> loan exceod the permitted limits, then:(u►any+uch loan rhurge+hall bc r��lurcJ by the amount necessary to reduce the churge
<br /> �d to th�permitted limit;and (h)any�umy atready euUertcJ fro�u Burrower which exceed�*d�:rmitteci limits will be refutxled to
<br /> � Borcower. Lcndcr may ch�x,.c to makr this rcfund My rcduring the principal owcd under the Note nr by making a direct
<br /> . paymcnt to Borrowcr. ll' a rcfunJ rcduce+ prinrip:�l, thr r�duction will be trr�ted as a partial pmpuyment without any
<br /> ' prcpuymcnt char�c under thc i�otc.
<br /> . 14.Notires. Any nuti�c tu&�rruwcr pr���•iJcd ti�r in dtii�Sccurit� Imtrunxnt yhall tk givcn by dclivcring it nr by mailing
<br /> it by ftrst�lusti mail unle�ti applirahlr laW reyuireti u.c uf anuthcr m�th�xi. Thc iK►tice.hall t,�directed to the Propeny Addmss
<br /> ar any othcr addre+y f3�irruwrr de.i�n:ur1 b�• n�,tirr t�� I.cndcr. Any nuticc tn Lendcr ,hatl ►k given hy first cluss muil to
<br /> i.ender'�addretir statrd hcrcin ur uny uthcr addre.�I.endcr dc,ignat�ti h}• nutic�tu Burnra�er. Any notim provided for in this
<br /> - " Security Instrume�u tihall txr decmed tu have heen givcn tii Burro�rer ur I.rndrr u•h�n gi�•en a�pruvided in this paragraph.
<br /> I5.(:wvcrnin� I.aw; ticccrubiUty. Thi, Scrurity In�tromcnt �hall fk gin�rrnrd by fcJcral laH• and thc law� uf the
<br /> � . juriuiiction in whirh thr Nrupcm i. I�xatcJ. In thr c�•rnt that un}• pro�•i.iun�,r rl:iwr ��f thi.Srrurity (nstrumcnt i►r thc Note
<br /> � , contlicts with upplicablc law�.wrh r�inllict.hull nut affcrt uthrr pruvi.i�m�uf thi. tie.urin ln,trument or thc Notc which ran tx _.
<br /> givcn rffcct withuut thr runFlirtin�!pru��i+iun. To thi.r end th�prw i�iun+uf thi,S�rurity In,trumrnt ond the Note arc Jeclareci
<br /> h tu bc�ct�crahlc.
<br /> ; k 16.Burruaer's Cop�•.Horroacr+hall hr given�mr runfirrmcd rapy uf thc Nut�and��f thi.Sccurit�•In�trurnent. _
<br /> �r Form 3028 9l90
<br /> Paye 3 d 6 _.
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