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<br /> --� --- payments may no longer be requtred,at the optian of l..ender.if ntartgage inaurance coverage(in tF-ie� ou ��for the peric�d "--�
<br /> 't^ ����r�4�. that Lender requires)provided by an insurer approved by Lender again becomes nvnilabte and is abtained. Barrower shall pay
<br /> . ,,�^��-�'~•N�t the premiums required to m�intain mortgage insurance in effect,or to provide a lass reaerve.until the requircment far mortgage ���' ` -�
<br /> "'''"'�'"'�` insurance ends in accordance with any written agreement beiwcen Borrawer and Lender ar applicable law. - _ �_
<br /> f .,z;ti;,�;�.� 9.[nApection. I.ertder or its agent may meke rcusonable entdes upan and inspcxtians af the Property. L.endcr�shall give —�_
<br />- �r;,�r Barrawer notice at the dme af or priar to an inspxtion spccifying reaaonable cau�se far the inspectton. _ --
<br /> �' 10. Condemaallon.The procaxis af any award c►r cluim far damages, direct or consequcntial. in cannection wlth atty
<br /> ' x- � ��� condemnatton or othcr takin�of any part of the Pmperty,or for conveynnce in lieu of condemnution, are hereby a�.�igned and �����""
<br /> .1-� . .r,.r � - -- _ _ - - _--•
<br /> - ' �;,'.�:�+�y`��',•� � shall bc paid to L.cndcr. --
<br /> �' ,,,.,...� .
<br /> � ' In the event af a total takin�of the Praperty,the praceeds shall be applfed to the sums secured by this Security Insn�uiu�nt, ��.;;,z__
<br /> �` ' � o which ttic fair �'°_ • —
<br /> whether or not then duc. with any exc�ss paid ta i3crnawer. In the�vcnt of a part�al wking of the Pr perty in ;• ,;�„��
<br /> � '�' , " market vuluc of the Property immediatcly before the taking ls equul to or gres{ter than the amount of thc sums necured by this ` ��� :�
<br /> _ ...��.�.�J�`K7Ab��
<br /> � . � Security instrument immediately before the taking, unless Bonower and I.ender otherwise agree in writing,the sums secuted by � •:���:�
<br /> �,
<br /> this Security instrument shall be reduced by the umaunt af the proceeds multiplicd by the fallowing fraction: (a) the total � �'.`�.'•.:'�<_----�=z __.._.
<br /> '��f amount af thc sums secured immedtatel before thc tukin dividcd b (b)the fair market value of thB Pro ert immediatel `�=;•i��`-=-
<br /> �t. ° Y 8• Y P Y Y ,•�._s�•r.�:,:A_ --
<br /> 1� �, � ' before the takin�. Any bnlance shall be paid ta 9orrawer. In the event of a purttal taking of the Property in which the fnir �:��:�''��t�;•��`�_'—
<br /> . market vAlue of the Pro ert Immediatet before the tukin �s less than the amount of thc sums secured Immcdiatcl before thc r.,;,��:,:�;,�
<br /> P Y Y S� Y �,;z;•y�.�:
<br /> 1
<br /> taking.unless Bonower and Lendcr otherwisc agrec in wrjttng or unless upplicuble Iow athenvisc provides, the pracais shal! ;.�`��.—,�J--
<br /> 2 . �,�^-�=,-
<br /> be apptied to the sums secured by this Securiry Instrument whether or nat the sums ure then due. '•' ���•---
<br /> ' . „ ,,, . If the Property ic abandaned by Borcower,ar if,aRer notice by I.ender to Borrawer that the condemnor offers to make nn Y•���r{��
<br /> auar3 ar ;cttle a�talm !'or clamages, 8ono�ver fails to respond to Lenc3er�!-Ithin z0 dayc efrer the dace the nocice is piven.
<br /> �-�=--_._.__....._ . _._ ' '"'��-- -
<br /> I.ender is authorixed ta collect und apply the procccds,at its option,eithcr to restorution or repair of thc Property or to the sums --_-
<br /> � �, secured by this Security Instrument,whether or not then due. ! �
<br /> ;; .. , �"?r',::=
<br /> ,• Unless l.r.nder unJ Borrawer otherwise ugree in writing, any applicution of proceeJs to principal shall not extend or '��A'``
<br /> .��.�
<br /> � • postpane the due date of the monthly payments referred to in paragraphs 1 and 2 or chun�e the amount af Such paymenta. `���_�_
<br /> ' 1 l.Borrower Not Released;Forbearance By Lender Not a Waiver.Extension of the time for payment or madif�cAtiun "�.���_�== _
<br /> of amonizutian of the sums secured by this Security lnstrument granted by I.ender ta any successor in interest of Borrower shaU � � �.
<br /> ° • not operate to release the liabillty of the original Borrower or 8orrower's successors in interest. L.ender shaU nat be required Ro • � �+�°���
<br /> ' commence proceedings aguinst any successor in interest ar refuse to extend time for payment or otherwise modify amortlmtlon �� '��� L
<br /> • , s
<br /> „ ,? of the sums secured by this Security Instrument Ny reuson of any detnand mud� by the original Borrower ar Barrawer's �� �
<br /> suceessors in interest. Any forbearance by Lcnder in exercising any right ar remcdy shull not be a wuiver of ar preciude the ,
<br /> . .
<br /> - -�._.--- ezerclse of any right or remedy. °
<br /> ^ 12. Succe.ssons and A.�.ci�ns Bound;Joint and Severa! I.iability; Calcigners. The covenunts and ugreernents af this �i�.�
<br /> . Security Instrument shatl binG and benefit the auccessors and ussignti of Lender and Borrower, subject to the provisions of �� �
<br /> pamgraph 17. Borrower's covenants and ugrcements shull be Joint and several. Any 8orrower whc► co-signs this Security i�
<br /> •- I�strument but docs not execute the Note: (u) iti co-si�±ninF thi�Security Instrument only to mortguge, grant und convey that f. "
<br /> Borrower'ti interest in the Propc��ty undcr thc tcrmti ul'this Scrurity Instrument; (b> is not pers�mally nbligated to pay the sums ;�.. `
<br /> secured by this Security Instrument:and(c)ugrec+thut l,endcr urxf any othcr B�irmwer muy ugrcc to extend, modify,farbcur or � :�
<br /> make any accommodations with rcgard to the tcrm�of thi.Sccucity Instrument or the Note without that&�rrnwer's consent. �%' .
<br /> 13. I.oan Cfiarges.If the loan tiecurcd by thiti Security Instrument is tiuhject to u luw which�ets muximum loan char�;es, " �• ''�
<br /> and thut law is finally interprete�l so thut the intcre�t ur othcr tuun rhurges rullected or to bc cuUected in connection with the ...:�_�.
<br /> loan exceed the permitted limits, then: la) any such luun churge .hall tn n�lucrd by the umnunt necessury tu reduce the rhurge � %i;�!'•' D�"�
<br />_ •• � .e�---
<br />�: to the permitted limit;und (b►uny tium,already collerted from Borniwer which exceede��rmiueci litnit�will bc refunded to ,:�...r";3-
<br /> � Borrower. L.ender muy chuo�e tu muke thi. refund by reduring the principul owecl under the Note or by makin� a direct �,!,� 'r `Z
<br /> payment to &►rrower. I! u refund reJuceti principal, thr rcduction will hc trcatcd a� a partial prcpayment withoui w�y s
<br /> prcpnyment churgc undcr thc N��tc. �-
<br /> • 14.NaNces.Any n��ticc t�� &irc��wcr pr��vidcd firr in thi.Sccurity In�trumcnt.hall tx givcn by dclivcring it nr by mailing .��
<br /> ��
<br /> it hy �r,t class mail unlc�s upplicuhlc law rcquirc� u�c af unuthrr mrthud. Thc rn�ticc,hull hc dircctcJ to thc Property Addresc i , . , _. ;�
<br /> ur uny ��ther uddrcsti &�rrowcr d�wignute+ by notire ta l.�ndcr. Any ncxice tu I.cndrr ,hull he given by fir,t clatiti inuil to f . ;:
<br /> L.endcr'+:�ddtctis statcJ hcrcin ur any iilhcr addretis LcnJrr dc�ignatr� hy natirc tu B��rr��wcr. Any nutirc pra�•idcJ ti►r in thi� � '• �
<br /> Sccurit�•Imtrumcnt�huU bc dccmcJ tci huvc hcrn givcn tii Birrrower i�r I.cndcr when givcn u�pruvidrd in ttii+puru�raph. �
<br /> 15.Governin� I.a�r; Severuhility. Thi� Sccurity In�trumcn[ .hall hr guverncd by f'edrral !aw and the law uf thc
<br /> ' juri�diction in whirh thc Prupcny i� lcxated. In thc cvcnt that any provi�iun ur clau.c��f thi.Scrurity Instrumcnt��r thr Nutr I • o-
<br /> ronflict.with upplicublc luw,tiuch cuntlirt .hall nut al'f'crt othcr pro�•i�iom of thi+Scrurity Irotrumcnt or thc Nute��•hich can hc , - ,
<br /> given cff'ert without the conflicting pravi�u�n. Tu this�nd the pr��ri�iut» uf thiti Srrurity In.rtrumcnt and thr Notr arc Jeclarcd �.
<br /> to bc severublc. I �
<br /> 16.Borroa�er's Copv. &rrrc�wer sha!1 lk y:i�•rn nne conti�r►tuJ rupy uf thr N�ur and��f thi�Scrurity In.trumcnt.
<br /> . ,
<br /> Form 3028 9/90
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