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<br /> paymsrnts may no lon,,ser ba required.at tho aptian of I.ender.(f mort�a�e in�urunco ooverage(in tt�o nmaunt nnd fbr thc�oeriod -
<br /> tfiat Lxnder �rquires)pravided by an insuror appmved by[,cnder egain t+�uome.v c►vatlable and ia obtnincd.Sorrowar shnll pqy
<br /> the premiums requirod to mainwin martgage insaauias in effect,or ta provtds u loss reserva,uatil the t�qutrement for mort,gag�
<br /> - -- inss�ranoo ends in eccordsuice with any wriiten ugcti,e,��eat G;,�tw�-sr t,�rr�wer and i,�rider ar Apptitt-z1sla l�v.
<br /> 9.Impedton. Lender or its qgent may autic�reasanable entries upon snd inspactians af the Pmperty. l.ender sb�ll give
<br /> Borrower notise at the dme of or prior Ro IIa inspxtion specifying rcasnnable cause far the lnspection. �
<br /> -----, 10.Condemnatton. The proceeds of any eward or cl�im for dama�es, direct or consequent�al, in connection with eny -
<br /> condemnadon or other teking of any purt of the Prope�4yr,or for conveyance in lieu of condemnatton.a�a hereby assig�ad and
<br /> - � stAS.q be paid to I,ender.
<br /> ln the event of a total taking of the Praperty.the prooeeds shall be epplied to the svms secured by this Secudty Inshument.
<br /> ---------��---- whether ar n�t ehen due. wtth su�y excess paid to Borrower. ln t�e evcnt Qf e partial tAking of the Prog�rry in which the fair
<br /> __ __ — market value of the Property immedIately befare tha takin$is equal ta at�reater than tha�►ount af the sums secured by thts
<br /> ar-e�9� Secu�ity Irutnun.nt immadiately befare the tal:ing,unless Borrower and I.ender oth�rnisa Agr�ee in writins,ths suma secured by _
<br /> ,``�,.�:� thls Securiry Instrument shail bE reduoeci by the amount of tha pro�oeeds multiplied by the following fraction: (a) the total
<br /> �';��=-„�,� amount of ths sutns secured immadlately before the taking, dividod by(b)the fair markei value of the Fmpe�ty immediately
<br /> -:ry+s��?y�,r b�fara th�taking. Any t�alance shall ba paid to Barrower. In the event oi a ptueisl taking of the I�roperty in which the fai�
<br /> -°-"-:'°""�"' market value af the Property iiamediately b�fare tha tal:ing is less th�n the amount of the sums secured immedIately befor�the
<br /> -'=�;,��s°��" ~f takit�.unless Borrawer and I.ender othernise agree in writing or unless applicable law otherwise provides,the proceeds shall
<br /> -�-��A� •,;�„ br�p{►lied ta the sums secured by this Sscurity Instnimem whether or nat tha sums are then due.
<br /> '�`F`�' +��'" � if the Araperty�is abaiWoned by Borrower,or if,atter nodrx by I.ender to Barrower that the condemnor ofl'Ers ta matce en -
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<br /> .':�,r,�,..��.;_;;..;� a�vatd or seitle a claim far dtunages, Borrower falls to respond to Lender withln 30 days after the date the notice ls given,
<br /> ',, Lender is autfiorizod to oollect and apply the proceeds,at iu opdon,either to mstoration or repair of the Property ar to the sums
<br /> . • socuE+ed by this Secur�ry Insttument.wheiher ar not then due.
<br /> • �.�����°� '� Unless Lender and Borrower otherwfse agree in writing. any spplication of prooeecis to principal sha(1 not extend ar
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the arru►unt of such payments. -
<br /> • � ' ' . 11.Borrower Not Reteased;Furbearauce By Lender Nolt a Waiver.Eztension of the dme for payment or modificatlon --
<br /> ., of amartizatian of the sums secured by this 5ecuriry Instrument granted by l.ender tu any successor in interest of Bacrower shull -
<br /> ' ' not operate to release the tiability of tha original Borrower or Borrower's successors in interest. Lender shall not be roqulred eo
<br /> ' commence procced[ngs against any successor in interost or refuse to extend time for payment or otherwise arodify amortl�ation
<br /> ' af the sums secured by this Security lnstrument by reason of any demand made by the original Borrower or Borrowcr's
<br /> ' .: .• . ' succ�sors in inser�t. An}� forbesras�ce by Les�er ir.ex�rci�iag any right or rcmcdy shai! noi bc a�aiver t�f or preclude th� W
<br /> •. � ,,.,.;.. exercise of any right or remedy.
<br /> ' ���'��'. 12. Succ�ssors and Assigns Bound; Joint and Severel Llabliity; Cu-signers. The covenunts and agreements of thic -
<br /> , .. ?���"����� Security Instrument shall bind and benefit the successors and assigns of Lender and Borrow�r. subject to the provisions of _
<br /> , ' paragraph 17. Borrower's rnvenants and agreements shall be jaint and several. Any Bornower who co•signs this Security �
<br /> r;�:;:�:, , Instrument bui does not execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and canvey that �"
<br /> `�''.''� Barmwer's interest in the P�operty under the tcrms of this Sec�rity Iatstn►ment; (b)is not personally obltgated to pay the sums �•..
<br /> ��+�:
<br /> , secured by this Security Instrument;and(c)agrces that Lender nnd any other Bormwer nwy agree to extend,madify,forbear oe
<br /> , , make any accommodutions with regard to the tertns of this Secvrity Instrnment or the Note without that Borrower's consent. _
<br /> • • ' ��� . 13. I.oan Charges. If the loan secured by this Security lnstrument is subject to a law which sets maximum loan charges. �.:"-
<br /> and that law is finally interpreted so that the interest or other loan charges collected nr to be collected in connectton with the 's
<br /> loan excead the permitted limits,then: (a)any such Inun charge shall be reduced by the amount ncxessary to reduce the charge
<br /> �-;—° to the pecmitte�limit;and(b>any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> • Borrower. Lender may chooxe to make this refund by reducing the principal oweci under the Note or by making a direct
<br /> payment to Bormwer. If a refund reduces principal, the reduction wil! be treateJ as a partial prepayment without any '
<br /> ;:;,;: , prepnyment charge under the Note.
<br /> ;;i:�..,��r. 14.Notices.Any notice to Bormwer provided for in this Security Instrument shall be given by delivering it or by mailin�
<br /> `'`-�'f" it by fir�t class mail unless applicable law rrquire�use uf another methc�d. The notice shall be directed to the Property Address
<br /> „ , :;'�- or any inher ad�ires.c Rorrower designate+ by notice tc� I.ender. Any nutice to Lender shall be given by first class mael to
<br /> " Lender'.a�l.Evc+>xtaaru Vher�in or any c�ther aJdmsti Lrr�il�r desngnates hy notice to Borrow-er. Any notice prc�aided for in this
<br /> }:;y�; . � Securit. insera:ment shaCi be dcemed to have been�c�ec :c��rreaver or Lender when grven as pmvideci in tEns r:-�v,rapl�. ...
<br /> �:�•< • 19.Goa��se�ing La�c; Severabil[ty. This Sccuri.� Instne�ren; .hall be govcrneei by fecieral law an� the law ofthe
<br /> �,�Y{� . ' ' , lurisdiccian e�u�hich the Property is I�trated. In the e�•ent that an� �,rovi�ion or clause of thi�Security Instrument or the Note
<br /> � wnflicts with applicable law,such rnnttec;�hall not affect enher�OruL.,,ion� of thi�Security Imt�u�;nt or the N�te which craa:��
<br /> �''����� given effe�t�ithout thc ronflicting protiision. To thi+cnJ the pmvitiions of this S��curity Intitrurr.�c�t and the N�tc are de.9ared
<br /> tu be severable.
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<br /> ' 16.Borrow•er's C�n��.Burn�u�er�hall he gircn�mr r�mtimn��l rop�of thr Notc and of thi.
<br /> Seru�it� ��nr..-;:::ent. ���•
<br /> i ' �Form 3028 �90 �
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