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<br /> � p�ymmtr m�y ao lor►Ser b�roquird. �t the np�bn of Le�rkr,if mort�e inwnnoe oover�e(in the unouat�nd for the period
<br /> eh�t L�wder rsqulra)W+rn'Wd by�n Imuror+�pproved by Is�r a�Jn beoomM Nvdl�bb �ad ii abt�ined. Burnnwer ahril p�y
<br /> tik pwNwnr rrquie+�to awinlrin mayy�inunrnY in efYax.or a prnvkk w{os�teamve.unUl�6e royuirwaeat tor mayaM
<br /> iiwtnnce endi in�xxdairce with�ny written�coemont botwan Burrowu�nd letider ar appllc�blc�law.
<br /> 9.Iw�p�ctloN. l,onder w ite�gent rn�y m�kc reu�xMble en�t�ia upon and iorpecybns of the Proparty. L.enciar siWl�ive
<br /> = 8orrower ndice�I the tlrne af or pdor to�n irupecdan xpa:ifying rexxanab�uu�e fa the irupoction.
<br /> 10. CowMa�oMba.The penoe�eds of u�y awud nr cldm for duru$es. dired csr oonsequentid. in oonnectiiui with sny
<br /> z��_v�_, roixiemnxtion nr otlier Wkin�of aay p�rt of the Property, ur for conveymce in lia►of condenuwtbn.ue hercby aui�ned and
<br /> slull be poid ta l.a�der.
<br /> In the event of a total taking of the Propeny,the pracood�shAll be xpplfnd to the wms�ecurod by this Security Instrument.
<br /> whether or twt then due.with any exce.sti paid to 8orrower. In the evont of a partid tticing of the Prop�ny in which the fa�r
<br /> mukn valne of thc Propeny immodiately beforc the taking ic equal to or greater th�n the amount of the wmr socurod by this
<br /> Security Instrument immodiatcly before the taking.unless Borrower and Lender othenvise agra ln writin�.the sums sa:ured by
<br /> — this Socurity Instrumeat ahall be roducod by the amount of the procceds multipUal by the fallowing fractian: (a) the total
<br /> a�nount af the sums soeured immediately before the t�icing,divided by (b)the fair market value of the Prc�ecty immediately
<br /> before the tukiag. Any balance shall be paid to Barrower. In the event uf a partial taring of the Property in which the fa3r
<br /> market value of thc Propcny immodiatoly before the taking is less tiwn the amount of the sums secured inunediAtely before the
<br /> t�lcing, unless Borrower and Lender othcrwise agree in writing or unless applicable law otherwlse providec.the pracoods stull
<br /> be applied to the sums securod by this Securjty Instrument whether or not the sums are then due.
<br /> If the Property is abandonai by Borrower,ur if,after notice by I.ender to Barmwer that the condemnor offers to make an
<br /> award or setde a claim for damages, Rorrc►wer fails to respnnd to l.cndcr within 30 days after thc date the notice is given,
<br /> Lender is suthorizai to collect and apply thc prceceds,at its aption,elther ro restorotion or repair of the Property or to thc sums
<br /> secured by this Security Instrument,whether or not then due.
<br />__ Unless I.er►der and Borrower otherwisc ugrec in writins, uny application of praceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 onc' 2 or change the amount of such payments.
<br /> ; ,:� I1.Borrower Not Releaced;Forbearance By Lender Not a Waiver.Extension of the time for payment or modification
<br /> af amortization of the sums secured by this Security Instrument granted by Lender to eny successor in inter+est of Borcower shall
<br /> ' not operate to release the liability of the original Borrower or Borrower's successars in interest. L,ender shall not be required to
<br /> - comme:nce prceeedings against any successor in intercst or refuse to extend time for payment or otherwise modify amortization
<br /> = of the sums secured by this Security Instrument by rcason of any demand made by the original Borrower or Borrower's
<br /> - succ�sors in interest. Any farbea�ance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> -:
<br /> - excrcise of any right or remedy. .
<br /> �`•'�';'!�',� 12. Successors and Assigns Bound; Joint And Severul Liability;Co-stgners. The covenants and agreements of this
<br /> • '�,.�.,���•-• �` � Securiry instrument shall bind and benefit the xucce�sors and assigns of Lender and Borrower. subject to the provisions of
<br /> ��n::'���� .' ' ; paragruph 17. Borrower's rovenants und agrecmcnts shall be jaint and severnl. Any Borrower who co-signs this Security
<br /> ' '`��`' � Instrument but doec not execute the Note: (u) i�co-signing this Security Instrument only to moRguge, grant s►nd convey that
<br /> .�;•�� •
<br /> - • ' Borrower'�interest in the Pr<�perty under the tcrms of this Security Instrument; (b)iti not penonally obligated ta pay thc sums
<br /> . . . � • �ecured hy this Secu�ity Instrument and(r)agreer that Lender and any�ther Borrower ma,y agree to extend,modify, forbear or
<br /> - •�.�.,r••�•.i���•,-•.+�: " make any accommcxlations with regard to the termti of this Sewrity Instrument ar the IJote without that Borrnwer's consent.
<br /> ' ' �.. . 13.Loan Charges.If the loan secured by this Sccurity lnstrument is subject to a law whieh sets maximum loan charges,
<br /> ` and that law is finally interpreteci w that thc interest ar other luan charges collecteJ�ir to bc coUected in connection with the —
<br /> „'t �r � � loan excccd thc rmittcd limits, thcn: (a)an tiuch loan char e shall tx� mJuccd b ihc•rmount ncccssa to rcducc thc char c
<br /> ,�.y, P� Y • S Y rY B =
<br /> �� '`� to the permitted limir and(b)any xums ulready collected from &�rr��wer which exceeded perniitted limits will be refunded to
<br /> • -�-v?�-R==�• �'� � I Borrower. Lender may choose to mrke thiti rcfunJ by reducing the principal owed undcr the Note or hy making a direct -
<br /> • � • pay�nent to Bnrrowcr, If a rcfund reduccs principal, the reductiun will bc trculcd a+ u puniul prcpayment withaut any -_
<br /> '' ' ` � prepaymcnt charge under the Note.
<br />_ .,,.
<br /> • 14.Notices.Any noticc to Borrower provided for in this Scruriry In+trumcnt shal l Ix givcn by delivcring it or by cnailing —
<br /> • , • � � it by fint dnss mail unletis applirahle law reyuireti usc of anothrr mcth�xi.Thc nutice tihall hc dirccted to the Property AdJress
<br /> . or any othcr address &�rrowcr dcsi�enutcs by notirc tu LenJrr. Any ncxicr to L.cixicr.hall bc givcn by first class mail to �
<br /> - 1.cnJrr'.addretis stuted hercin or any othcr uJdretis l.cnder J�signatcs Ny noticc to&�rrow•rr. Any noticc provided for in this
<br /> ' �•�
<br />_�._• • � _ . Security Imtrument shull be deem��J to have lxen givrn!u Sorruwer c�r LrnJcr whrn given uti provided in this prrrgrrph. —
<br /> ,�'e �'�r I5.Governinfi l.as�•; tieverability. 7'his Sccuriry Instrumcnt ,haU fk govcrn�d hy fcJcral law arxl the 1•rw of the T
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<br /> :,. �� ' , juriuiirtion in whirh thr Praperty is kkated. ln thr evcnt that uny provi.iun or rl:�u�e uf thiti Scrurity Instrument or the Notc =
<br /> •-•-`'� „ rontlicts with applirablc law,sunc�onllict shall not aflcct othrr provi.iarnaf thi�Sccurity In.trununt or thc Notc which ran bc r
<br /> . siven effect without the canflicting provision. To this enJ the provisions ul'thi.Se�ririty In.tranrnt und the Notc ure declared �
<br /> ` i �" to be sevcrable.
<br /> _ � 16.Borrower's Copy. Borrowrr tihall bc given one cunliirtn�d copy af thr N�ne and ut'thiti Security Instrumrnt. �
<br /> �{ Fam 3028 9/90 -
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