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<br /> , , - .,., 94m 102335 _^.�.: _
<br /> • paynient� may no lon�cr be required,at thc optfon of I.cnder, if mortgagc tnsuritncc covernge(!n the umount and for thc perlod " W,
<br /> ' that l.ender requires)provldcd by an insurer approvcd by Lendcr again bcromes available und is obtained. Borrower shall pay '�
<br /> � the premiums required to maintain mortsage insurance in effect,ar to provide a lass reserve, until the requirement for martga�e
<br /> insurance enda in uccordance with any written agreement between Bonower and I.ender or applicable 1aw. ,
<br /> 9. Inspectlon. I.ender or its agent may meke reasar�able ent�ies upan und inspcctions o!the Property. Lender shull gtve � -�
<br /> Borrower naticc at the time of or prIor to an inspertian specifying reasanable causc for the inspcctian.
<br /> ' 10. Candemnatian. The procer,ds of any award ar elaim for damuges, direct ar cansequendal. in connection with any • �'
<br /> condemnation�r other tuking af any pan af thc Property,or for conveyance in lieu of condemnation. nrc hc�eby w++igne�i und „ - . ' ;=
<br /> . shall bc puid to L.cnder. ". ,
<br /> ' In the event af A totul taking af the Prapeny,the proceeds shall bc applied to thc sums:cecured by this Security Imtn+mcnt. .
<br /> whether or not tben due, with any excess paid ta Bonower. ln the event nf n partial talcing af the Pruperty in which the fair , �
<br /> market value af the Property immediately beforc the tukin� is equul to or grcutcr thun thc umourn of the tiumti+ccured hy thi+ :
<br /> . Security Instcument immediately befare the taking,unie+s Borrower unJ l.ende�othenvise s�gree in writing. the tium�secureJ by ,.
<br /> this Sccurity Instrumcnt shall bc rcdured by �hc um��unt ��f thc prinrccis multiplicd by thc fiillrnving 1'ructiun: (u) thc totul
<br /> - --- - - � un�uun�c�i die nunn +rcurrai iunuc�iiutciy lwi'•.rc th� iui:l�ag. �licidc:3 hy t�+1 thc iair mark�i talur;�t ilt: !'t,�Js;rty imm�3fatrly . ----- ---� _
<br /> hcforr thc takin�, Any bulnncc shull t+c pnid to B��rr�►wcr. in thr evcm of n purtiul tuking of thr Nnryuny it� which ihc fuir � .,
<br /> murket vuluc of thc Property immcJiutcly hcfi�rc thc ta►king i, Ic+s thun 1he umount of the rum�tircurcd immc�liutcly hefum the
<br /> tuking,u�lcss Karmwcr und I.cndcr�Nhenvi�r��grcc in wrltin�t ur unicti+upplic�ihlc luw atlicnvi.c pravidc.r,thr prucr�d.r�h�dl . ., .
<br /> hc uppHev to the�ttn.r KecureJ by thi+Scrudty ln+trumcnt whcthcr ur nut tOc+um�ure thcn duc. I
<br /> . . If the Propeny iti ubundoncd by B��rmwc�,ur if,uf�cr notirc hy L.cnder ta&►rri+wcr thut thc cnndemnur nffcrti t��mukc un E ,,
<br /> .. .. 1 ati::ssc!nr sctAe s cl:tfm fnr dssm:tg:w. 4�rr,�w•�r fa4l� ��� +����n�i��� t nnri.�r wirhin 1t1 dny+. atic� thc dute thc noticc is Rivcn. L _ , ,
<br /> ,, . I.endcr iti uuthc�rlxed to cnllert und uppiy thc procecds,ut its��ption.eithcr ta rc�torution cir repalr af thc Pri�perty ur to the�ums ��
<br /> secured by this Security instrument,whcther ur not then duc. ' -
<br /> ' Unless Lender und Barrower atherwf� ugree in wriung, uny applicuti�m of procceds to principul Fhull not extend ar '
<br /> � postponc thc duc date of the monthiy paymentti mferred tn in purugruphti 1 and 2 or chanbc the umount c�f such puyment.. -
<br /> Il. Borrowe�Not Released;Forbearance By I.ender Not a Waiver.Extenslon uf the time for puymcnt or madification � ��
<br /> of amartization of the sums secured by this Security Instrument grnnted by I.ender ta any succc�sor in intcrest of Borrower shall �
<br /> not operate to release thc liability of the originul Bnrrower or Horrower's successors in i�tcrest. L.ender shail not be rcqutrcd to � ,� •• ' ;,�
<br /> commence praccedings against any successor in interest or refuse to extend time far payment ar otherwise modify amortiu�tian ° ��=
<br /> o F t he sums secur e d by t his S ecur i ty Ins trurnen t by renson o f any deman d ma d e b y t h e o r i g i n a l B a rc o w e r o r B o r c o w e r's �,`,:,q�v`��
<br /> . successors in interest. Any forbearance by I.ender in exercising uny ri�ht or remedy shull not be n waiver of or preclude the � T " ��i
<br /> exercise of any right or remedy. I ' ; i
<br /> IZ. Suceessors and Assigns Bound;Joint and Several Liability; Cu-siAners. The covenonts and agreements of this I - . ,
<br /> Security Instrument shsll bind and benefit the successon und assi�ns of Lender and Borrower. subject ta the provlsions of � ••
<br /> paragraph 11. Borrower's covennnts and agrecment� shull be�oint and several. Any Borrower who co•signs this Security � � �� f
<br /> Instrument but does not execute the Note:(a)is co-xigning this Securiry Instrument only to mortgage,�rant und convey that ' �l :
<br /> Horrower's interest in the Prope»y undcr the tern�s of thiti Scc:urity Instrument; (b)ix not personally obligated to pay thc wms •�7 Y=�
<br /> secured by this Securiry Instrument;und(c)a�rees that Lender and any other Borrower mtty ugree to extend,modify,forbear or `�•�'�,:
<br /> • make eny accommodations with mgurd to the terms of this Security Instrument or the Note without that 9orrower's consent. � .�r�,;
<br /> , 13. I.oan Charges. If the loan secured by this Security Instrument is subJect to a law wh�ch sets maximum loan charges. '` � �
<br /> • ; and that law is finally interpreted so thut the interest or nther loun chur�es collected or to be collected fn connection wIth the • � = �
<br /> � loun exceed the permitted limit�,then: (u)uny such loan char�e shuQ be reduced by the amovnt necessary ro reduce the chnrge „A,w:;�lJ�
<br /> < to the perniitted limit;and(b>uny sums ulreudy coilected from Borrower which exceeded permittal limits wiU be refunded to `�';�,��.
<br /> Borcower. I.ender muy rhoose to muke thiti refund by recluring the principul owed under the Note or by making a direct `�i:�,�'
<br /> � puyment to Bc�rrowcr. If u refund reduces principal, the reduction will be treuted as a partial prepayment without any ����
<br /> i prepayment chargc under the Note. , _ .__,�.____ ,
<br /> 14. Natic�.Any notire to&�rrowcr prc�vided fi�r in this Sccuriry Instrument �hall bc�iven by delivedn�it or by mailing • ;�,.{{ �
<br /> it hy ftrst duss mait untess applicuble luw rcyuires usc��f unother mcth�xi. Tlic noticr shull he directed ro the Property Address � �;�yr__
<br /> or any othcr addrctis Borrowcr dexignuteti by noticc to Lendcr. Any notice to Lcnder shull be given by first class muil to `+'?�"_;'�_
<br /> i.cndcr's s�ddrehs+tatcd herein or any othcr udJress Lender designutcs by noticc to Botrower.Any notice provided for in this � �
<br /> - . 5ecurity Instrwu�a�t ,hu11 �:dccmcd to 1�.►�c bcai gi�•�n i��Qorruwcr ur i.und�� wLru given as pruvidr.J iu thi�pa�ugiapL. � • - -,�.,:=.'�
<br /> . 1S. GoverninR I.a���: Severnbility. Thi+ Scrurity in,trument tihull be govcrncd by federal !nw und the law of the . �
<br /> jurisdictian in which the Pmpeny is lurutcd. In the rvcnt thut uny pa�visian ur rlause of this Security Instrument or the N[ote �
<br /> conflic�ti with applicable luw, such ronfli�t�hsl!nat affcct other provision�of this Securiry In,tn►ment or the Note which can be �
<br /> givcn effert without the c�mQicting pruvitiion.To thi.enJ the provitiionti uf d�i,Sccurity Instrument und the Note are declared •
<br /> ta bc uvcruhle. "
<br /> 16. Borro�cr's Cnpy.Bcirruwcr�hull b�givrn�mr ronfi>rnred r<�py of thc Nutc und of this Securiry Instrument.
<br /> Form 3028 8/90 '
<br /> Pago d uf 6
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