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<br /> � x� at tt►o optton ot Lender� it roortgage ineurance coverage (in iha nmount and for tha pErtnd that I.aader requtrcs)
<br /> provtded by an�nsurer eppraved by I.ender agaia becomes available end ie obteiaed,Horroaer ehall psy the prernium� '�F=--
<br /> . ,, ," required 2o maintein mortgage insur�rtce in efteet,or w provlde a loss reser��e,until tha t�qultement iar mart�e�e� ��;�-�_v=°�------
<br /> ,, � inaurence enda in eacordance with eny wt�tten egrcament botwesn Horrowar 8nd I.ender or epplioable law. _:';:-_-.� —
<br /> "., 9. Inspectian.l,er�der or its agent may meke raaeonable entdee upon nnd 1aap�tians of the Peopwrty.I.eader ei�ell� ,�'��'=•`��
<br /> �,__. give Borroaer notiee at tlte time ot rnr prior w en insp�ctlan sp�cftyrpng reacar►able cae..ss tot the inBpeotlan. ` '�-=
<br /> . ' !0.Condemaation.Tha proceeda of any aaard ar olaim far damages�direct ar cancequentfal,in connection wIt p � ,,,:�.,�.f��`�- �
<br /> . ' any condemnstton or other taking ot any part of the Pro�narty.ar fAr canveyeace in lieu ni anndemrtatton,aro hereb ' '`;�'V=-�..<<,: _�
<br /> � ._ essl�ned and ehall be psid to Lendet. � � -�'
<br /> � In the event ai a total takin�oi the Property,tha procceds ohell be applted to tha sums secund by this Sxurl � � `� ��=—
<br /> . :,;,q-'
<br /> � , � Inetrument,ahether or not then due,wtth as►y escess paid to Borrower.In tt�e eeent oi s partial taking of tha Praperty i �•`���`���j��::
<br /> " ° � - . ahich the fair merket value oi the Propertyr immediatsly bafore the taking ia equat to or greater thsn the amount of tha �� '�'°=
<br /> . � .. ' s�ms sacured by thie Secutity lnsttumesii immediately before the taking,unte� Borcorrer and l.ender otherr�ise agree :
<br /> � in wdting,the eums secured by this Secudty Instrument shatl ba reduced by the amount of the proceeds asultiplled by � �
<br /> the followtng fraction:(a)tha total amount oi the some secured immedtately before tha takin�,divlded by(b)the fair --
<br /> market value of the Propea�ty ienmediately before the taking.Any balance c�hall be paid to Borrower. In t9ee event oi a . -
<br /> pattial taking of the Pragerty ian whickn the?aiia maek0t veluz m�the�g�ert3r imreiediately before the takiee�is less�in
<br /> the amoun3 oY t4ee sums secu�eed innm�diately be?ore t4ie tobcin�,unless�ra�maer and L.ender other�visa ageea i�n weiting � -
<br /> o� unl�ss applicabla Isw otheraisa pz�vides, the proceeds shall � appli�d ta� ttle sums secused by this Security � —
<br /> Irnstrumen3 whethec or not th�sums ase�ftnen due. -
<br /> I4 the Pto�rty is afiAaa�oned by�orroNer,or i4,a4ter noti�e by Lender to]�arraR•ec tQ�at the cona4enmmv�r�44ess t� ..c,.:._ „-;;�;:=
<br /> rnAke an award or sattDe a c�oirra►for darn�a es, Borrower tails ta r nd ta I.ertdet within 3�da s�P¢�r 3fie c9a�the '�... . � <<ir{'1r���� "
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<br /> "•,., ,, ; nmtice is gnven,Lendar�s authnr�zed t�..atlect and a�ply the pr��eds,at its option,estfier to rrstor�tio��r rPpana m6't1`� � ._
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<br /> '• • ;�x. Property os t�the sums secure�i�y�Qhns Security Itisteumnent,p fi��ther ot not then due. t,.,. ,..;.,t:^j�•:`,�:.
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<br /> �.:;s;,ti:;,:,;;.•�;:;1� Un1esA L�nder and�trower othern�ise agree an c�tet6�g,Auny applicatiaicn oY psacee�s ta prixacipal sfi�all nvt extend or �;t,;;(,i` , .. ' ��;.".
<br /> �'�'� . gostpone the due date o4 xhe monthly payments r�e4erreol t� in para�rapfis D and 2 or change the amount of such Y` „ , r:--
<br /> ' Payments. . r�` -�
<br /> � 11. Borrower Not I�eleased; Forbeatance By Leader Nat a Walver. Extension of tha time for payment or .
<br /> modification of amortization ai the suma secured by this Security Inatrument granted by Lender w any succescor in , �'• � ,�;�
<br /> interest of Bonowet ahall not operate to release the liability oi the original Bonowet or Borrower's successors in j.. �. ;,=��
<br /> interest.Lendet ahall not be required to commence proceedings against any succeasor in interest or refuse to extend s , ,°�___
<br /> � time for payment or otherwise modify amortiu►tion of the sums eecured by thia Security Inatrument by reason of any r�;��-_ __ _,
<br /> • demand made by the original Borrower or Borrower's successors in interesc.Any forbearance by Lender in exercising .. j. •
<br /> any right or remedy shall not 6e a waiver of or preclude the exercise ot any right nr remedy. , . _ _ __�� . .�
<br /> i2.��������:aa atintgp�ta���a;iuiai aud�nvarrl I.ia$iii#y;�a-sigaars.Tiio cuvonantrs and ng�-oamcnic, ` ,
<br /> of this Security Inatrument sha11 bind end benefit tha auccessora and assigns of Lender and aorrower,subjact to the �
<br /> provietons of paregraph 17.Bortower's covenants and agreements sha11 be joint and saverel.Any Horrower who co-signs �, � �
<br /> � ''
<br /> ' this Securtty Instrument but dces not execute the Note: (a)is co-signing thia Security Instrument only to mortgage, ! • • • �
<br /> grant and convey that Borrower's interest in tho Property under tha terme of this Security Ir�xtrument; (b� is not � "
<br /> ; . r
<br /> personally obligated to pay the sums secured by this Security Instrument;and (c)agt�ees that Lender and any other � �.
<br /> Borrower may agu�e to exter►d, maiify,forbear or make any accommodations with regard to the terms of this Security � c'�,,
<br /> Instrument or the Note aithout that Borrower's consent. � li�j �
<br /> 13. Loan Charges.If the loan secured by this Security Instrument is subject to s laa which sets maximum loan � 1
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected ot to be collected in ` �
<br /> connection with the loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount � , ;Ij, '
<br /> necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which •;�;,•� �";`-`
<br /> J> ��_.
<br /> . exceeded mitted limits will be refunded to Borrower. Lender ma choose to make this refund b reducin the ����-:'��'�
<br /> P�' Y Y B ; ,���,}
<br /> principal owed under the Note or by making a direct puyment to Borrower. It a retund reduces principal,the reduction ', %,;- � �
<br /> ' will be treated as a partial prepayment without any prepayment charge under the Note. � . ,,,;' • '+-
<br /> ��� , 14.Notices.Any notice to Bonower provided for in this Security Instrumentshall be given by delivering it or by { ' „�`"�_°
<br /> mailing it by first class mail unless applicable law requires use of another rnethod.The notice shall be directed to the i ' �:,�''
<br /> • ;•,I Property Address or any other address I3orrower designates by notice to Lender.Any notice to I.ender shall be gi�•en by 6�-��_
<br /> - , f i r s t c l a s s m a i l t o L e n d e r's a d d t e s s s t a t e d h e r e i n o r a n y o t h e r a d d r e s s L e n d e r d e s i g n a t e s b y n o t i ce t o B o r r o w e r. A n y � '�"•;�.-
<br /> "''• "�'-
<br /> notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given ' -���.,.=
<br /> :�:.. ,�� �. se provided in this paragraph. ' . ,'•~-""'
<br /> ' " , �•��::,: 15.Governing Law; Severability.This Security Instrument shall be governed by federal laN and the law of the � �'��'•'�•� ., ���==�
<br /> , jurisdiction in which the Property is located.In the event that any provision or clause ot this Security lnstrument or the ' -;�
<br /> � • Notecos�flicts with applicable law,such conflict shall r►ot affect other provisions of this Secarity Instrument or the Note �f�-.
<br /> which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and '�„t�
<br /> the Note are declared w be severable. ' ,
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<br /> Form 3028 9/90 ' -�
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