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<br /> at the oPtion oi I.ender. it mort�a�e insunnce covera�o �In the amount and tor the period thet Lender requit�eey
<br />_ . provided by an insurer eppmved by l.ender egatn lsxomes Aveilable ond ie obtained.Aorrowar ehell pay the promtums �
<br /> required to me�ntain mortgege inaurance in efieat,or W provldo a loss res�rva, until the requlrement 4or martp�u�a —
<br /> inaucance ends in acoordance with sny writtan��reement between Bonowar and I,ender or applteable law.
<br /> 9.Inepcctlon.l.eader or{te�gent mey make reasonable ent�Ies upon and inapcodone of the Praperey.l.ender shell
<br /> �ive Aurrower notice at the time ot or prlor to an inspeotIon sp�x,�ifying taasoneble csuse ior the inapoct#on.
<br /> ” tQ.ConAemnatlon.The procoeda of any s��rd or ot�im for dam��es,direot or coneoquentid�in wnnxtton with
<br /> „-; _--- - .._ . _...--
<br /> ,� �; .;,,,,«�. any condemnntion or other tnking of any patt oi the Property�ar for convey�nce in lieu of condemnation,aro hnroby `" """" "--
<br /> � essigned and ahali be paid to Lander. -- _
<br /> � In the event o!a totsl tnking ot tho Pcoperty�the praceeds shell be appllod to the suma ecaured by thls Seourity
<br /> ` ,�' :�•.,...:4. inatrument,whother or nat then due,with eny exeesa paid w Borrower.In the event oi s pscttel uking ot the Property tn
<br /> ., ""x"'�'�?�:•�.:� ahich tha fair marka�vaiue oi the Property tmmediately before th.e teking ia equal w oc greator then tho amount oi the
<br /> 'F h;',
<br /> ' `�,,.:. .,-•''a-�°-'.� sums seaured by thie Se�udty Inetcunnent�mmediataly bafore tha teking,unless Botroaer end Lendar otherwise agree
<br /> ���• -'� ' � �i in writing.tha eums secuted by this Secudty It�strument aha11 be reduccd by the emount ot the pracoeda multiplied by --
<br /> �`�}'''�`��` ' �f -� tha following fracti�m(a) the total amount oi the auma socured immediauly before the teking,divlded by(b)tha fait __ __ __
<br /> ��.;, � :'� r market velue of tha Property immediatety befora the taktng.My bslance shali be patd to Bormwer. In the evont nf a �
<br /> �.. .��,:, ' , p a r t i a l t a k i n g o f t h e P r o p e r t y i n w h i c h t h e l a i r m a r k e t v n l u a o f t he P r o p e r t y immedlatal y l�eioro the takin g is less then -�
<br /> � t . , tha amount of the aums secured imme�iately betore ehe taking,unless Borroaer and Lender otheralse agree in wrtting �_
<br /> •� ' or unless applicabla law otheraise provldes, tha proceEds shall be applie8 to the sums secured by this Secur�ty
<br /> er.=.--
<br /> r Instrumertt ahather or not the aums are then due. ���=
<br /> Ii the Pro ��� ��
<br /> � �• .� perty ts abandoned by Borrower.or ii.atter nottce by Lender to Borrowet that the condemnor of�ere w �;�
<br /> t., .a. make e�►award or settle a clatm for damagea. Borrowet fatls to respond to I.ender aithin 30 days atter the dete the -
<br /> { �-=._° -
<br /> _ . ,,_ -„_ :_ __ nottce is given,I.ender is suthorized to collect and apply tha proceeds,at Its optton,either to te.4toration or ropair of tha �e��_�_
<br /> t � Property or ta the suma secured by thia Secudty Inatrument,ahether or not then due. �� _
<br /> ' „ �� Unless Lender and Borrower otherwise agrea in wctting,eny appltcadon of proceeds to princtpal shall not extend or r; °-
<br /> postpone tha due date of the monthly paymenta referred to in paragraphs 1 snd 2 or change the amount ot euch �: ;
<br /> � payments. "�'�- ';a.
<br /> � 1 l. Borrower Not Relused;Forbearaace B Loadar Not a Waiver. Extension ot the time for yment or ���"� -
<br /> Y P8 a.:. ..,:.
<br /> " modiftcation of amortization oi the sums secure�by thia Security Inatrument granted by Lender to any successor fn ;;�c;;_
<br /> � . interest of Borrowet shall not operata to ralease tha itability of the original Borcower or Borrower's successors in �� "-�!t`"���—
<br /> interest.Lender shall not be rer{utted to commence proceedinga against any successor in interest or refuse to extend � �
<br /> . � � time for ment or otherwise modiP amortizatian of the sums secured b this Securit Inatrument by reason of an � `"''�"
<br /> • PaY Y Y Y Y y�"..�_
<br /> .,, `' demand made by the orlginal Borrower or Bonower's auccessors in interest.Any forbearance by Lender in exercising ' • _�=-
<br /> _._______ any ri�ht or remedy shaU not ba a waiverof or pteclude the exercise of any right or remedy. .
<br /> � 12.Successors ead Asaigas Bound;Joiat and Several I.iability;Co-sisaera,The covenants and agreements ___,
<br /> of this Security Instrument shall bind and benefit the auccessors and assi$ns of I.ender and Bocrower, subject to tha . .
<br /> � provisions of paragraph 17.Batrower's covenants and agreements shall ba joint and several.Any Borroaer who co-signs , __
<br /> j this Security Instroment but does not ezecute tha Note: (a) is co-signing this Secutltv Instrument only to mortgage, . � __
<br /> J grant and wnvey that Bonoaer s interest in the Property under the terms of this Security Instrument; (b) is aot _
<br /> - ---� � ; � per�na!!3 obligsted to pa3 the sums s:�ur�d by this Security Ins!rument;snd (c) egr�c rhat i.cnder and any other ___ _
<br /> Borrower may agreE to axtend,modify,{orbear or make any accommodations with regard to the terma of this Security
<br /> ., Instrumentor t he No te wi t hou t t ha t Bonower's conse n t. ,. �
<br /> 13. Loan Charges. It the loan secured by this Security Instrument is subject to a law which sets maximum loan �i�.�s;
<br /> cliarges, and that law is finally interpreted so that the intcsr�t or other loan charges collected or to be coliec:ted in ":�r=•
<br /> :�.°,_�
<br /> • connection with the loan exceed the permitted limita, then: (a)any such loan charge sha11 be reduced by the amount • ��
<br /> � necessary to reduce the charge to the permitted limit; and (b) any sums already collected irom Botrower which t�'�y
<br /> '�. exceeded permitted IimIts will be refunded to Bonower. L.ender may choose to make this refund by reducing the °.:,-�°�
<br /> principal owed under the Note or by rnaking a direct paymont to Borrower.If a refund reduces principal.the reduction • '� �.
<br /> wil l be treated es a partial prepayment�vithout any prepayment charge under the Note. �'�n�. •_
<br /> � - 14, N�tiaes, Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by • ,.��... _
<br /> ' mailing it by tirst class mait unless applicable la�v requires use of another method.'The notice shall be directed to the • .
<br /> Property Addr�or any�ther addres.s Horrower d�ignates by notice to Lender.Any notice to Lender shafl be given by • ..,
<br /> • tirst class mail to l.ender's address stated herein or any other address I.ender designates by notice to Borrower. Any '-
<br /> � notice provided for in this Securicy Instrurnent shall be deemed to have been given to Borro�ver or Lender when given • _,
<br /> . as provided in this paragraph.
<br /> �� 1S. Governing Law;Severability.This Security Instrumentshall be governed by federa!law and the law of the �
<br /> jurisdiction in which the Property is located.In the event that any provision or clause oi this Security lnstrument or the "
<br /> , , Note conflicts with applicable law,such conflict shall not affect other provisions of this 5ecurity Instrument or the Note
<br /> . which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and �
<br /> . . ,
<br /> the Note are declared to be severable.
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<br /> ' ' Form 3028 9/90
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