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<br /> ti....,,,,r�;.y,,"' pAymonts tnny nu longer be requlre�.ut tho opUan af Irender.fF mortguac insuronce covEmgo pn the an�ount nnd far the period -- ----
<br /> thnt I.cndee requites)provlde�fry nn insurer oppmved by I.c���ar e�tn b�omes avn#lahl�and le�obtnined. Qurrower Rha11 Fay - - -__'-
<br /> ,� .,-~���'"'�' the premiums r�equired ta mnintain mortgngo insucartco in effc:d, or to provide a las.4 reserve. until tho rcquirement for mnrtgogo _
<br /> " �''1• iubunuica eads In aocar�innc�wlth�ny wrtttcn tsgc�ment b:xcreen Buseower and 1.n�1dCf oi k�ppliC�b10 Ipw. r:--- _----_ --
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<br /> 9.InApecUan. l.ertder or its agent mny mnke rensonnble entdes upon and inspectiona uf the Propeny.I.,ender ahnll give �`�,�,,�:.-_ _.
<br /> ==-.,�,;t,,,:�.�;��' Banower noiica nt Ilto dmo of or prlor to un inspection�peclfytng reusnnable cuuse for the inspectlon. �,+�?_��'�°=--
<br /> 10. CondemnAtion. The pracredn of nny awc�rd or clnim fur damuge.v.direct or wnsequentiat. In connoctfort with any -:=.��v,.�-_.:_.:�„_�
<br /> � � wndemnntion or other tnkin of a. art uf Q�e Pro rt .or fut eonve at�in lieu of cottcDcmnutlu�i. arc hereb nssi ned urtd -�� ,.-__.,si•"``'Y'
<br /> S +Y P i� Y Y Y 8 �..�.r.:,,�,;'y �.,K�,�..
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<br /> , , . • shAll he pafd to I.endee. ����� •���"�-:,-_ ___. .
<br /> - - : - I�thc av:nt oEu tol�!taking af tlee Property.the protec+J9 shnli be appl[ed to the aums secured by this Security Inatcument. •_ �� _.._�"�_
<br /> whether ar nat then due. with nny eacess ufd to 8orrower. In the cvent of u artiul tnkin af the Arn ett in which the fuir . ;y,: "� `s�".:
<br /> p P 8 P Y , ��i.+.�;c;�-,r;>';
<br /> � murket vatue oi the Property immediately before the taking is equnl to or greater than the amount of tha sums secured by this � � .
<br /> Secu�ity Insttument imme�iately before the takin�.unless Borrower and l.ender o�herwisc agre�in wrfting.the suma secured by ' . . . _
<br /> this Security Instn�ment shail be reduced 6y tl►e amount of tlit procee�s multiplied by the fotiowing fi�action: {a)1Cr.e total -
<br /> umauet of the sums xecurcd immediately befaro the taking, divided by(b)the fai�mucket vutue of tQee�eQp�eey irnmodia¢¢ly
<br /> � befor�e the takin�. Any buitutoe shali be paid to �otrower. In the eve�t�f a q�artinl taking of the PAOgr�ety in wQ�ich tc�e ffaie ' � . ::.�,.;, � !
<br /> � mnrket valuo of the Pmperty lmmediately bcfore the ta�Cin�ns 12sa than the aertuunt of tkee smms secur¢cf ImmsdiQe¢ty 6eL•'ore the � � _
<br /> • tokinA.unless 8orrower and I.eader othenviso ugree in wri¢fing oe u�less upplicAble law oth¢rwire provides,the pro�eds shall � �
<br /> � be applted to the sums secured by this Security Instn►ment whetP�er or not the sums are tQnen�ue. "��''t.' ':, {;-_.
<br /> If the Propecty is ubandoned by Borrower.ae if,a�ter natice by Lender to Borrower thut the condlem�tor offers to make an , � �=::b:'_�;i:,
<br /> award or settie a claim for damages, Borrower 6'ails to respond to L.ender within 30 days after the date thc notice is given, ° . '� �•��,•:
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<br /> Lender is authorized to rnllect and apply the prot�eeds.at its option,either to restoration or re}rair of the Property ar to the sums �`' •• '•�;�� ;,,,.;�`�'
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<br /> securod by this Security instcument,whether or not then due. ' � ������"�
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<br /> �.,.�•� � ' Unless Lender and Borrower etherwise asre� in writing, any application of procceds t� principal shall not extend or ° ;;�;:;, .,. ��•,•
<br /> P P� Y P Y P � P 6 P Y .`;:• ���'..�-'
<br /> � ost ne the due date of the munthl a mea�ts refe�red to in ara ra hs 1 and 2 or chan e the amaunt of such a ments. ' •�`;'•':••
<br /> � � `�t"�. 11.Borrower Not Released;rorbea��xe�y I.ender Not a Waivec.Extension of the time for payment or modi9icaeion . '.:�Y�,' '���
<br /> � rt�:. '
<br /> oPamortization of the sums secuc.�by this Sscu�nty Instrument granted by l.ender to any suco�sor in interest of Borro�v¢r shall � ��.�
<br /> � ' � not operate to release the liability of the ori�inal Borrower or Borrower's successons in interest. L.ender shall not be required to ., ,�•e;;••;:��� -
<br /> oommertce proceedinzs egainst any successor in intemst or re:fuse to extend time for payment or otherwise modify amartization ,� �%
<br /> " '� of the sums secured by this Secur[ty Inst�utnrnt by reason of any demand made by the original Bomower or Borrower's • ".�6�� '�'�
<br /> � suc�xssors in interest. Any forbearance by LeRde�jn exercising any right or remedy shall nat be a waiver of or preclude the ., ' `r�
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<br /> , exercise o.°any right or remedy. —. "�-`fi:-rV�, � �
<br /> ° 9E. Successars and AssiSns �ound; Joint and Scvcral Uebility; Co-signers. The covenants and agreements of this • �±r.�,,'� � +
<br /> .�• SecuriQ Instrument shatl bind an�! benefit the successors a�1 assigns of L.ender and 8curower. subject to the provisions of f'�'��'�"' � `��
<br /> . . Y "t�'.'•;`'•'lt }, �>
<br /> '•.''�'� paragraph 17. Sorrower's covenants and agreements shall be joint and several. Any �oROwer who co-signs this Szcurity �3+;,•;:JU�� .' �,�-I':a�
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<br /> ' Instrument but�� aot execute the Note: (a) is co-signing this Security 4nstrument only to mortgage, grant and convey that .. � ''�: :.�.�F��,"
<br /> ;�f= Borrower's inter�.;in the Pra rty undcr the terms of this Securit Instrur.�eat; b �s not rsonull obli ateci to a the sums `� h. ',��;:r��r;
<br /> � q Pe Y t � � Pe Y 8 P Y �,.;,,,..t� '
<br /> "r� secu�ed by this Setttrity Instrument; and(c)ngrces that I.ender and any other Borrower rnay agrec to cxtend,modify,€�rbear or ��'''�
<br /> make an y accommodations with re gard to the terms of this Securit y Instrument or the Note without that 8orrower's corisent. �',�.�,�
<br /> �'�, � 13. I.oan Charges. If the loan secured h±•this Security Instrument is subject to a law which sets maximum loan charges, ":��•��?.
<br /> „ ,�� and that law is finaUy interpreted so that the i��[•erest or othcr ioan char rs soilected or to be collected in c�nnection with the i�;�; ��:��•
<br /> � 1��" ,,',? lonn eaceed the permitted limits,then: (a)a�� such Ioan charge shal!he�reoluced by the amount necessary to reduce the charge . •' " '�t�;��';;��
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<br /> ' to the permitted limit:and(b)any sums nlveady collecced fva�m Borro�i�er �vhich exceeded permitted limits will be tefunded to � y r,��„
<br /> "�`' � Borrower. I.ender ma choose ar� aaia�Ce this refund b red�i,in �O�e anci al owed i�nder the Note or b maki-�, a dircxt �' �
<br /> �r;� �• Y Y " R �'�. F Y ` ;.•.,,,..,�; : r�. �. , .
<br /> ''�� � payment to Borrower. If a reiu�cl reduces principal, thr rcduciion will be treateci as a partial Qrepayment waahout any �,;.:�-�,% • • ��
<br /> I .: ,...p�,. rr�.,'t�.,.
<br /> � ,_ prepayment charge nnder the Note. `�r�;��t�' :„';t;Z•`...`•�:.��
<br /> 14.Notices.Any notice to Borrowcr�+rn�•icied for in tl�is Sccurity In.•�rument shnli be bivcn hy deiivering it or by mailing f.�:':;�i,�;;`; "�'.'�,�,.,,.;;r:.;,
<br /> ��:..r�� '�:��f::4i�•,
<br /> ' it by ftrst class mail unless applicable taw requires use of nncNher method. '�he n�tice xhalt be directed to the Property Address ` , ���.?
<br /> ' or uny other addrc.�s Borrower designatcs by notice to LrnJec Any notice to Lendrr shall be given by first rlass mai! to � ;�'._,.��;, . -
<br /> `.. Lender's address stated hercin or any other addresc LenJer designates by notire to Borrowcr. Any notice provi�l�c! �for in this � � ;,f;.�;;` � . : '
<br /> Security Instrument shall be dcemed to have been given to Bonowcr or Lender when given us providcd in this pauagraph. � . ,. . :.,;5�,:'.;
<br /> 15.Governing Law; Severebility. This Security Instrument shall tm govcmed by fecferai la�v anu eC�r 1aw of the i • � •�•. �•>
<br /> • �'�•�:�;;
<br /> jurisdiction in which the Prc�perty is located. In the event ah;d any provision or clnuxe of tliis Security Instrurrient or the Note ; ' '�:.^;,;
<br /> � !� : can:'licts with applicable law.sac`�eon(tict shall not affect a��:eT pnrvi�icros of this SeruFic� ��strunxnt or the Notv:+vhich ean be � i„• , �
<br /> :� . given effect without the conflireezs�provisio�. Tu Qiis end the provisionc of this Securir.� Irastrument and the Note are declared � r� .
<br /> �` '' 1 to be severable. , '' '`�
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<br /> ,'r'�:1 I6.Borro�rer's Copy.8rrrower shalt be given one con[i�rmed c��py�tf t0e Nute and of this Security Instrument. '
<br /> t S Form 3028 9/90 ,. '
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