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<br /> p�ymeot�rru�y no lan�er be roquirad,at the option of[.ender, it mon�a�e inrunu�ce cove�a(in the rnoum�rd for tho�eriad
<br /> dut I,ander requir�a)provlded hy�n iruuror q�proved by Le�der y�in beooma�vdl�ble�nd ii ot,Wned.8orruwer iball py
<br /> die promiurr�roqulred to nriau�n nxxtYo�e imur�noe In effect�dr w provide a loa ne�ervo.yu�tU tiw roqulnaMnt ior aM Ky�p
<br /> iowrmce p�d�in�000ndiuice with my writtem�nament betwaa Borrowx�nd Lendtr ar�pplic�bte uw.
<br /> !.Iwp�ctbn.L,ra�dar or it�agant mry mrhe ceuon�hfe aurks upon and i�rpoctlons of the Propeny.I,ender ihsll Ylva
<br /> Borrowu notla u the time of or prior to an i�upacdon p�alfyln�re�ornble awu for the impoctlon.
<br /> 10.Cood�mwtbo.The procee�of�iy awani or clalm for damqea, djroct ar oomequenti�, in oonnection with�ny
<br /> — �"'—"-"`��'°'� caxlenuwtion or�}�er wkin�uf�ny rwrt of the Property.or far ca►vCy�u�ws in lieu uf cwtileuuwtiun,ane fwreby�usi�rod�nd
<br /> _ dwll be{�id to l.e,nder.
<br /> In the event of�total taking of the ProptKy,the proceais ctwll bc�ppliod to the rum►secural by this Securlty inurument.
<br /> wl�ether or not then dae. with any exau paid to Borrower. In the event of a partial Wcin�of�he Proneny in which the fsir
<br /> mor�et v�lue of thc Property Immediately befoc+e the tatcing ia equ�l ta or�rcater tlwn the amount of the wm��ecurod by thi�
<br /> Secudty Inurument immediutely before thc taking,unlecs Borrower uid Lender otherwisc qgroe in wridr��,the wn��xut+ed by
<br /> this Sacurlty Instrument shall be reduced by the amount of the procexdr inultipllal by the follawin� f�ction: (a)the total
<br /> anonnt of thc sums secared Immodiately before thc taking, divided by (b) the f�ir market vnlue of the Propeny inunodi�tely
<br /> before the taking. Any balance shall bc paid to Borrowcr. In the event of a parti�l taking of the Property in which the f�ir
<br /> market vnlue of the Property lmmodintely befoc+e thc tekMg is less thnn the amount of the sums securod imrriediately beforo the
<br /> -- taking, unless Horrower and Lender otherwise agree in wrlting or unless applicable law otherwise provida.tho proceads sh�tU
<br /> be�lieci to the sums securod by this Sec�riry Instrument whether or not the sums ue then due.
<br /> .n: If the Property is abnndonad by Bon+nwcr. or if.After notice by l.ender to Borrowcr that the condemnar offers to make an
<br /> , award or settle a claim for damages, Borrower fails to respond to L.ender within 30 days after thc date the notice is given.
<br /> ' Lender is autharized to collect and apply the procoods.at its option.either to restoration or npair of the Prapetty or to the wnw
<br /> - ° „r.� sxured by this Security instrument,whether or not then due.
<br /> Unless Lender and Borrower utherwise agree in writing, any upplication of praceeds to principal shaU oot extend or
<br /> postponc thc duc date af thc monthly payments referred to in paragraphs 1 and 2 or changc the anwunt of such payments.
<br /> �`�"� 11.Borrower Not Relepced;Forbearance By L,ender Not s�Ws�iver. Extension of the time for payment or modification
<br /> .,,.�.► "• .,, of umortization of the sums secured by this Securiry Instn�ment granted by Lender to any successor in intemst of Borrower shall
<br /> ,� � �'�' not oper�te to release the liabiliry of the orIginal Borrower ar Borrower's successors in interest. Lender shal!not be roquired to
<br /> }�' '•a�` �� commence roceedin s a amst an successor in interest or refuse to extend tlme fur a ment or ahernise modif amortizstion
<br /> ' �,._ ��r��r P 6 S � Y P Y Y
<br /> �-�'�+��"' of the sums securcd b this Securit Instrumcnt b reasan of an demand made b the ori mal Borrower or Borrower's
<br /> ==y .s�r.��;.�;:.•,���s Y Y Y Y Y 8�
<br /> • :t,�}�r,�,., successors in interest. Any forbearance by Lender in exercising ctny right or remedy shall not be a waiver of or preclude the
<br /> � : ��-� exerc�se ot any nght or cemedy.
<br /> ' �'�' 12. Successors and As.slgns Bound; Joint and Severs�l Liabllity; Caslgners. The covenantx and agrecmcnts of this
<br /> " Sccurity Instrument shul! bind and benefit the successors and assigns of Lendcr and Borrower,subject to the provisions of
<br /> � puragraph 17. Borrower's co�•enants and agrccments shall be jainl and several. Any Borrower who co-xigns this Security
<br /> ���'��•• - �� �• • � Instrument but does not execute the Note: (a) is co-signing this Scxurity Instrument only to mortsage. grant and convey that
<br /> Borcawer's intcrest in the Property undcr thc tcrniti of this Security Instrumcnt; (b)ic not personally obligated to pay the sums
<br /> ' ., . secured by this Security Instrument and(c) agrces that Lender•rnJ any other Borrower ms►y ugree to extend,modify, forbear or
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<br /> make any accommcxiations with regard to thr terms of'thi�Security Instrumcnt or the Note without that Buttower's consent.
<br /> �- � 13. I.�wn Charges. (f the luun xecured by this Security lnstrument is subject to�law which sets maximum loan charges.
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<br /> �.�� and that luw is finally interpreted .o that the intrnst or uther loan chargez cullecteJ c�r to he collreted in connection with the
<br /> ,�t"";". - loan exceed the perniitted limitti, then: (a)uny such loun chargc shall br reduced by thc amount neccssary to reduce the charge
<br /> 1�' ro the perniitted limit;and(b)any,ums alreaJy collected from Burrower which exreedeJ permitteci limits will be refunded to
<br /> Barcowcr. lAndc� may �hc»�.c tu mukc thi, rrt'unJ hy rcJucing thc prinripal ��wcd wxlcr th� Natc ar by making a diroct
<br /> J a ment to Borrower. If a rel'und reduces r�nci al. thc reJuction will be treated u. u
<br /> � � P'Y p � p' paniul prepayment withaut any
<br /> . prcpaymcnt rharkr undcr thc N��tr. _
<br /> � . 14. Notic�. Any ni�ticc tu Burrua•er pruvi�cd t2ir in thiti Scruriry In+rrumcnt.halt hr giecn hy dclivering it ur by mailing —
<br /> it by fir.t clatis mail unle..applirahl� law rcyuirrti u.r at'anuthcr mcihcxl.The n��tirc,hatl hc directcJ tci the Propeny Address =_
<br /> ar any othcr addre`� &irro��•cr�ic,ignates h�• nutirr to [.cn�l�r. An�• nnticr to I.cndrr �haU hc givcn by first cluss mAil to '
<br /> •• • Lcndcr'�adJres.titatcd hrrein or •rny athcr addre,s Lcndrr dc.ignuicti hy n�uirr to Bcrrrowcr. Any n�dicc provid� for in this �
<br /> � Sccuriry In�trumcnt xhull lk dc�mcd tu havc lken Eivcn tu&+rri�Hrr nr Lrndrr whrn givcn ati pr�ivided in this puragraph. =�
<br /> 'y.,;..�, � IS.(:ovcrnin� La�•; ticvcruhility. Thi+ Sc�urity Intiu•umcrn ,liall fk gu�•crncJ by 1'rdcral la�v and the laa• at'thc -
<br /> ., " .. juri,dictian in whirh thr Pr�iprrry i> lucatc�. In dx r�•cnt thut am pr�n•itiiun ur cl:w�c uf thi.Srcurit?• In.trumrnt or thc Notc _
<br /> cantlict�with upplirablc law. .ur{�r��ntlirt�h;ill n�d aftcct uthcr pruvi�iun.��f thi.Scrurit� In.irunknt ur thr N�ur which ran tk �
<br /> givrn eftcct withuut the contlicting priwiziun."1'u thi,end thc pruvi.ium of 1hi.S«urit�� In,trunxnt and the Note ure dcrlar��l 4_
<br /> ,. tn be.rvcraMr. �=
<br /> �.% � Y 16.B��rrnw•cr's Cop}�.finrr����rr�hall !x�i�•cn un�cuntiirmr.f r�►��y ul thr Uutr anJ ul�thi� Scrurity In.trumcnt. '
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<br /> Form 3028 9/90
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