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<br /> _-°�°'�°A� payments may no longer be requlmd.at the op'don of Leader.if mortgage insurance coverage(in t�he emaur.t�'a�-fnr�he 9 c+d
<br /> �-�-��-� that Len der regu ires)prov i d e Q by w�l n s u r e r a p p r o v e 0 b y L.e n d e r a g a i u b e c o mes avnilable nrtd is abtataed. Horro�ver ehall pAy __._._.._
<br /> "` _—_ the premiwas nequirod to muintain rnortgago insuran�.e in effect,or to provtde a loss reserve,un►il tp►e requ��+emcnt for mortgago ,
<br /> insuranco enda in ac,:,ordance with anY wt[tten agnemsat betwan Borrower and L.ec►der or applfcable law.
<br /> -��. g.Iaspcetion.I.ender or ita agent may mako reason�ble entries upon and inspecdona of the Property. Lender shall giva
<br /> _ — Borrovrer aotIce at the time of or pdor W an inspxtioA spec�fying t+easona6la cause far the Inspecttan.
<br /> �;;_ 10.CondemnaHon.The proce�s of any award or clatm for dameges,d�irat or consequential. in oonnectlon wlth any
<br /> condemnaUon or other takin�of any part af the Property.or for conveyanccs la ticu af coademnadon,urc kereby assiIIned and _
<br /> '' ehall be paid to I.ender.
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<br /> �; , • It�the event af a Wtal taktng of the Pcoperty.the proceeds shall ise applied to the sums secured by this Se.curity t�ument+
<br /> . :�;,: ,>�.
<br /> .�:: � •�c .,,.. whether or not then due.with any excess paid w Borrower. In the event of a parttal taldng of the Property in which the fait
<br /> ?�:,''`'''' "•'`';!«:° market value of the Property immediately before the talcing is equal w or gre�ter than the amouat of tho sums secured by tbis
<br /> ` �.:..;.. • ., ;�•...�
<br /> �s"�"��.`''`' "�s�: Securlty Instn►ment immediately before the taklns.unless Borrower and Lendu otherwise agree in wrlting,the sums securc�d by -- --
<br /> � •:"" � '� �'� this Secntlty Instnunent shalt be teduced by the amount of the proceeda tnultiplied by the fallowla� ftactloa: (a)the total e--- _ -
<br /> '�"•"� ^' �� �`'� amount of the swns secure� immediatelY before the taking. divided by (b) thc fair market value of the Pruperty immedIately --
<br /> ?�= � � before the taking. Any balance shall be paid to�orrower. In the ev�nt uf a partisl teking of the 1'roperty in which the fair -_---
<br /> % A �� market value of the Propercy Immediately before the taking is less than tUe amount of the sums serured immediately before the _
<br /> taking. unless Borrower and L.ender otherwise agree in wrlting or unlesa applkable law otherwise provides. the proceods shall _ _._.-
<br /> :�`'. • „ , be applied to the sums secured by this Secur[ry Instrument whether or not the sums are then due. ----
<br /> .a . � . If the Property is abandoned by Borrower.or if,after notice by I.ender to Borrower that the condemnor offers to make an
<br /> ' award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, =�---�
<br /> i " L.ender is authorIzed to collect and appIy the proceeds.at its optIon.either to r�stotatton or repair of the Property or to the sums ��"�`-
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<br /> secured by this Security Instrument,whether or not then due. �-.-_
<br /> Unless L.ender and Bonower othcrwtse agree in wrlting. any appitcation of praceeds to princIpal shall not extend or .,.:�: :
<br /> � postpone the due date of the monthly payments referred to in parnsraphs 1 and 2 ar change the amount of such payme�ts. �v�.°�
<br /> 11.Bonower Not Released;Forbearance By Lender Not a Waiver. Futension of the time for payment or modificat�on , �,�<A�„k
<br /> of amortization of the sums secured by this Security Instrument granted by I.ender to any successor in interest of Borrower shall "''��;�•
<br /> ' not opei�ate to relcase the 1{abiltty of the original Bonower or Borrower's sucassors in fnterest. L,ender shall not be required to �rn:_`�
<br /> commence proceedings against any successor in jnterest or refuse to extend time for payment or othenvtse modify amortizatton ��...:;_=
<br /> ° � � of the sums secured by this Secur�ty Instrument by rcason of any demand mede by the ariginal Borrower or Borrowcr's �� ,�_
<br />- � aurroacnrc �f1;t1}P►PCt Anv fnrlwnw+v�ro I�v T Pn.inr�It PYPY(�{CITp NOV riohr �•r rPmedv shali not be a waiver of or preelude the _
<br /> �_T— exerctse of any right or remedy. r � . � � '`
<br /> � . 12. Successors and Assi�ns Bound; .imnt and Severol Liabiltty; Co-signers. The covenants and a�reements of thIs �44 r �`
<br /> � ' Security Instrument shaU bind and benefit thc successors and assigns of Lxnder and Borrower, subject to the provisions of , 4,,,.-�-
<br /> paragraph 17. Bonower's covenants and agreements shall be,�oint and severa�. Any Borrower who co-signs this Security :,;;.:*
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Ins�rument only to mortsege, grant and convey that ,.
<br /> Borrower's interest in the Property under the terms of this Sccurtty Instrumem; (b) is not personally oblisated to pay the sums
<br /> secured by thts Security Instrumenr, and(c)ugrees that L.ender and any other Borrower may agree to extend,modify. forbear or ;
<br /> ' make any accommodations with regnrd to the terms of this Security Instrument or the Note without that Borrower's consent. '�
<br /> 13.L.oan Charges.if the loan secured by this Security Instrument is subject to n law which sets maximum loan charges, 4;
<br /> ,� � and that law is ftnally interpreteci so that the interest or ather loun churges crollecteci or to be collected in connection with the
<br /> loan exceed the permitted limits,then:(u)uny such loun churgc shull be reduced by the amount necessary to reduce the charge .
<br /> � to the permitted limit;und (b)any sums ulreudy collccted from Borrower whkl-�exceeded permttted limits will be refunde� to
<br /> , Bonower. Lender muy chixise to makc this refund by reducing the principal owul under the Note or by maktng a direct
<br /> '' payment to Borrower. If a refund reduces principul, ihe reduction will be treateJ us a partial prepayment without any
<br /> ' prepayment cl�argc under the Note.
<br /> 14.Notices. An�• notice tn$arrowcr providcd for in this Sccurity Instrum�nt shull be given by dcliverin� it or by mailing
<br /> it by rrst cluss mail unlcs�applicablc luw reyuire,usc of another meth�xl. The notice shall be directcd w the Property Address
<br /> or any other uddrrtis Borrower designateti hy notice to LrnJcr. An�• notice tci L�:nder �hull be given by first class mail to •
<br /> L.ender'.r uddress xtated herein ur uny othcr uddre.s lAndrr designates by no�wc t�� Borrowcr. Any noticc provided for in this
<br /> Security Instrument shall he decmed to have been givcn tc�Borrowcr or I.enderw•hen givcn ati providcd in this paragraph.
<br /> 15.Governin� I.aw; Severebility. Thi� Sc�uriry In+trumrnt ,hall Mr gnvcrnrd hy fcdcrul law and thc law of the
<br /> jurisdiction in whirh the Property iti luruted. In thr rvent tliat any pruvi,ion nr clau+c of'thi.Security (n.tn�ment or the Note
<br /> � e<mflirts with applirablc luw, such runflict xhall not affcrt c�thcr pruvi.ion.u(ih i+Scrurity intitrumcnt or thr Ncxe which can bc
<br /> given cffect withiwt the cunflicting pruvi�iim. 1'u thi�cnd thc pru�•i.ium��t'tliiti Sccurity lmtrumrnt and thr Note urc Jc�clared
<br /> , to bc,evcrublc.
<br /> • , 16.Borrower's Copv. Beirrow�r.hall tx given�mr c��nG�rm�J cop�ut'IIk N�nr and of thi.Srrurity Imt�ument.
<br /> t Form 3028 8/90
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