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<br /> . „ .. ��.. at the optton oi Lender. It mortp e insuranoo coverage (ia the amou�t�nd tor sh�pertod thst Lender e+t�uia� --_ �
<br /> provideA by an Inswmr approved by�der egain beoomae avail�blo utd ts obtained.Borrower shs11 py the pr��tiumo �_:�'—_'-__
<br /> r e c�uieed to maintain mortga�e insuruice in eifeot,ar to provide a laee roeer�+e.antIl the requiremant tor rto�i�aga ��;i,r'_.;�:�`--9=-=
<br /> innwanoe onde in accoraattce wlth any wr�tten s$rooment betwemr►Borcower and Lender or applical�le 1tw. �� �...^-s`"'"",�-
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<br /> 9.Inspeation.Lertdor or ite asent mey make��b1d��upan and i�gsc4ion�af 4he Pro�rtY.Ltnder eh�tl � �--
<br /> -� ' giva Horrower itotice at tho tima of ot prior to en I on s t n rc�onable c�s�tor tfie iaspeodon. '�� �u�
<br /> . 10.Conden�n�tiaa.Tho proeeeds o!any award oP cldm far dam��es„dtreot ar oonnequential�in con.neadon with � ,.,.:}�-�=
<br /> o�the Property�nr iar eonveyanoe tn lieu oi ooademnatlon.ero heteby '�'�'�'"�''''�:::�,�-=
<br /> .. . any oondemnation or other taking ot enY Pa*� , : " ., ° •� _
<br /> . essty�ed and ah�ll be pald w Lendcr. � .
<br /> In the event of a total teking of the Propert9�tAa Pea000ds shaU be appl�ed w the sum�s seeured by thie Seau�ity ,��.�.
<br /> Instrument,whether or aot then dne.wlth any em�ss patd w Homower.In the event of a pnsttal takln8 oi the Property in ..
<br /> whioh the fait merket value oi the Property Immediiuly betare the tnidn�is eqwl to or areater than thm�mount oi the °;
<br /> . suma Aeoured by this Bxurlty instru�ent immc�iatdy�fare the tnklag,unle�Bamower And I�ender otheraIee agree . . _.. ----,....._...�
<br /> in wrhing.the snma seaured by this SeaurIty Instrurtent shall be reduoed by the amount of the proceods rtsultiplted by
<br /> the foflo�ing fraattan:(a)the totnl amount oi the sums sxueed tmmediately before the taking.dIvlded by (b) the tair
<br /> rnarket value oi the PropertS►imme8iately before the tektng.My 1�slence ahn111�e Pn�d to H°rr°wa�'.In the event of a F
<br /> Fmrtial t�Un�ot tfie Ptoparty In Nhioh the fair mnrket value of tfie Property imraedlntaly before the taicing ie lesn than
<br /> mrt
<br /> the emount of tha suma secured Immediately before the teking,unleas Borrower and I.ender otherwlse agree in �vriting _
<br /> or unlesn applicable law athernise providea� tha proaeds ahall be egplied to the suma secured by this Seeudty
<br /> Instrument whethet or not ihe sums am then due.
<br /> It the Property ie abandoned by Bono�ver,or tf,afur notiex by Lender w Borrower that tl►e wndemnor oiiers to ,
<br /> make an award or settle a claim for damages.Borrower fails to respoad to Lender w�thtn 30 daYe afte�' tha date ERo
<br /> natice is�iven,Lender is suthorized to collect and apply the procceds,at its option.either to restoratioa or repaae Q?8he �; '��°,�.
<br /> progercy or to the auEna secured by this Securlty Instrument,whether or not then due. : •T
<br /> Unless Lender and Borrower otherwisa agrea in wridng,any appl�catio�IP��e f°h�a� a�sho amount o such '' ' �
<br /> � ' postpone the doe dsta of tha monthlY 1PaYm�� �fen�ed to in paraP,cap g , .. � _
<br /> . 1 ����. . � .
<br /> D D. B o n o w e r N o t R e l e a s e d; F o r b e a r a nce B y Lender Not a Wadver. Extension of the sitne for payment or ,� ,,�: ��''�
<br /> �'' � mod'n�icetion of amortization of the sums secured by thie Security Instrumeiet grmznued by L�e n d e c to anY s�ocGSSOr in ,. ,.. . '
<br /> interest of Borrower shall not operate to release the liability of the original Boa7t��es' or Bo1'*oaer's successors in �:_.,,;}; r �•�
<br /> `.�'.�� , interest.Lender shall not be required to commence proceedings agaias3 any successor in interest or retuse to extend t ,,
<br /> � � time for payment or atheraise modity amortization of the suma secu�s+�d by this Security Instrument by reason of any f � ...,c���
<br /> ,�;;;;;�c?,, demand made by the origiaal Borrower or Borrower's successors in interest.Any forbearance by Lender in essrcising �{ ' , r
<br /> . , , , any*:�*_or reme*i y ahAlt not be a waiver of or preclude the esercise of any right or remedy. � _ : `I�_�;
<br /> ���`'.';;;,, Il2.Successors sad Ass[gns Bound;Joint end Several Ltabiln3y;Co-sigeners.The covensnts ancd aga�mnc,�i� '
<br /> ' I oi this Security Instrument ahall bind and�nefit the successors and assi$ns of Lender and Borrower,eubl�u mo the '�����'' , �
<br /> ' 17.Borrower's covenma�3s and agreements shall ha pint and severel.Any Borrower who c�-signs � ',' 4
<br /> i provisions of parageaph , _
<br /> thia Security Instrument but dces not eaecutce r,�e Note:(a) ie co-signing this Security Instrument only to mortgage, � ,, �
<br /> jgcant an� vonvey that Borrower's ir►terest i�n 33�e Property uader the terms oi this Security Instrument; (b� ie not ` S,, ..,
<br /> persanai�y obligated to pay ihe surns secured by this SecureEy Instrument;and (c) agrees that Lender and sanS�other { :�.�`'?.;���� .;��
<br /> Bomowet may agree to extend,modify,forlasar or make any accommodations with Y�gard to the terms ot this Security ` .''::�'°�•�. ��
<br /> ��;,y,�;,� �
<br /> Instrument or the Note without that Borrowes's consent. � , '?•�"' �
<br /> 13. L�an Charges. If the loan secured by this Security Instrument is subject to a law which sets maaimum loan � ::i �
<br /> charges, and that laa is finally interpreted so that the interest or other loan charges collected or to be collected in � ,•�..�� ''
<br /> ,�• , connectian with the losn exc�eed the permitted limits. then: (a) any such loan charge shall be reduced by tha amount .,r,?�. : j�,
<br /> necessae�t to reduce the charge to the permitted limit; and (b) any sums alreac�?: collected from BorroNe�r �vhi�h
<br /> � egceerled petmitted limits will be refunded to Borrower. Lender may choose t� �rmake this refund by reducing the "};��};'��''��
<br /> pcincipal owed under the Note or by making a dite�t pal�ment to Borrower.If a refund reduces prinapal,the reduction ; ' . ,,,
<br /> ' will be treated as a partial prepayment withowx acay prepayment charge under the Note. �,'��'
<br /> , •,�:�
<br /> �4. Notices.Any notice to Borrower provided for in this Security Instrument shall ba given by delivering it or by ,.rs.:�• . .
<br /> maiBing it by first class mail unless spplicable law requires use of another method.The notice shall be direct�d to the ;.� ,•��'�,.•. ,.
<br /> � Property Address or any other address Borrower designates by notice to Lender.Any notice to Lendet shall be�ivan by !�i, ,:,: `.f,;;, .:.
<br /> ' first class mail ta�.ender's address stated herein or anp other address Lender designates by noticeto Borrower.Any ��•;,;::,�,:
<br /> i aotice provided�or in this Security Instrument shall be deemed to have been given to Borrower or Lender when given �
<br /> � as provided in this paragraph. �
<br /> 15. f'roverning Law;Severability.This Security Instrumeni shal� be governed by federal law and the law of the ,
<br /> � jurisdiction in ahich the Propecty is located.!n the event that any provisian or ctause o�tnis&x:uriiy i.wt�:,���cso:�r:ht „
<br /> Note conflicts with applicable law,such conflact shall not a4fect other pro�•isions of this Security Inscrurnent or ahe Note '���
<br /> which can be given effect without the contlicting provision.To this enal the provisions of this Security Instrument and
<br /> the Note are declared to be severable. ,
<br /> ���amaa 9/90 �
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