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<br /> �Ymmx�mry i�ton}�er t+e roquirai.rt�he i�ptiva uf lrnJer, �i nwrtg�gc i�osurance cuvs 94n thc urr.�uM�nd tor the paiod �
<br /> lhnt l,en�9er rot�uircai pruviik�tl by an inau�ar��ruvc�.l by i..c�wtrr u�a��t hc�i+mu,u�ailr��l:r,wi i•,uhtri+xxi. Ekirruwct �twl! p�Y
<br /> It.s prenuurru ra�uler.d lu mr�inwn muixg,nYe inw�nrn:r!n cffa�l,ur tu�nwiJe x l�ui rc:aervc.untij thc rcqwrcrrinu for t►xyrtgaEe
<br /> irrurencx eMls in�o�ie with arrr w�uen�te,r�xrrrent txtwaen Sorrawer x�d l.ender or rpplicable I�w.
<br /> �. Iwp�etian. L.eaxkr ur its agent mry mY►ics rcxsrnwble cnlrics upott arxl�nspoctions of tht Proprrty. Let�er xhail give
<br /> 8�onower notia at the t6me cif or vrior to m itppoe,tii�n specifyinr reu�nablt c�ust far the imp�ccyion.
<br /> l0. i'attdautq�tbn.'i7�e pn.reeds��f uny uwurJ ar claim Cnr darrwget, dimY nr tnnseyurntial, in a�nnection with any
<br /> �rondenu�rtion�ir cxher laking uf any pYrt of the An►perty. ur fur conveyana in lieu ot condemnation,an hereby ass�gnoci �x�
<br /> tiholl be pwid to l.rrKltr.
<br /> In the tVent uf a towl tsking u!�Ilx Pnipcny.Ihe pr+xeed�sttall l�e appliad to the wms�uraS by thi�Seruriry Inswrcirnt,
<br /> wMher or rKK then due.with sny exee+!�puid to Bc�rn�NCr. ln the o�rnt c�f a partial taJcing i►f the Prr�pecty in which the fair
<br /> marlcet valur af thc Pnlperty imnx�diatrly txfore �hc:t�l;lt�g is equal tu er grcatcr ti�an the a►mwnt of thr sums socured by this
<br /> Securit�In�rument immaliutely bsiure thc txkinK.unless&�rmwer and L.eYxlcr�thr.nvirt s�grc�in writi�g,the wnu�ecureal by
<br /> ►Nis S�curi�y Inr,trument sFwlt te reducal by tt�anxx►nt ��f the p�occais muttipliad hy tit� fnNawiog fraction: (s�l the lotxl
<br /> s�nxwnt c�f the wm.�tia.�urca1 immodiately betarc Ux laking,dir•idai hy(b)tbe fair markct value s�f the Pmperty imnwdiacely
<br /> txfnre the aking. Any belwxc�hall tx pa9d ta Br►rrow�er. in thc evrnt of a Fuinial taking of thc Property in which tl� fs�ir
<br /> rrwrfcet vYlue uf 1he Pn�+erty nnmali�tely befiirr the taking is IGSS thun Ihe anNwnt of tbe sUms sccured iminrdiatelv before the
<br /> taking.urrles+&irniwtr suxl l.e�xkr iNSurwix sgra: in writiug or tmless appli�bla law olherwitie provides. the praceais shall
<br /> !x appliod�a�ix wms��urcd by this Security Inu►ument whetiu:r ur oot the sums are lhen due.
<br /> !f tF:c Pn.�rt;is�ba�t!���hy Finrr+►wer, or if,at'ter�wti�ro 6y Lcnder ta aorrowcr thet the condemnor offen to m�1ce an
<br /> awt�rd ur stttle a claim for damages, Borcower failti to respund to I.ender within 30 days after the d�te the noticr. is given,
<br /> L.ender is suthorize.i to collect ancl apply the procads,at iu option,either to resmration or repair of t!u�»heny or to�f►e sums
<br /> ��ecured hy this Security In�[rument,whether or�xd then ciue.
<br /> Unlesx Lendrr and Bormwec otl�arwise a�ra in writing, aay application uf proceads to principul shall not eate�xi or
<br /> �xi�t�ne�he due Jute of the nx�nthly payment�rrferred to in para};r,iphti 1 and 2 ur change the amount of such payments.
<br /> ��,g�Nmwer n'ut[tcleaxd;Forbrarance By I,ender Mut s�R'aiver.Extensiun of'the tin►c for payment or modifii:atiun
<br /> of'amocii-ratian uf'thc sums,ecurcd by this Security Ynti[rument granwd by Lender to any succes�r in interest of&►rrower shall
<br /> �wt operate to rete:ue the liability af the original Bon•ower or Bc�rruwer's succcKwrs in interest. Lencler shall nnt be req►tired to
<br /> commen�a pron.�edings against any st�ceessor in intere�t or refuse to extend time for payment or othetwise modify amortization
<br /> of the tiums secu�d by this Securiry In�trumcnt by rcawn of cny demand m;Kie by the original Borrower ar Borcau•er's
<br /> a�rvrccnr�in intcrc,t. Anv Corbcar.►ncc bv Lcncicr in cxcrcisin�any iight or remody shall not bc a waivcr of or prccitide thc
<br /> exercise of any right or remedy.
<br /> 12, �x,�y�s,St►rs xnd �Assiknv 6Zaund; .�uint and Ser'eral Liability; Co�stRners. Thc covenants und agrecnxnt,of this
<br /> 5ecuriry ins!rument �hall bind�x9 benefit the wceeswn and a.tisigns of Lender and Borrower, �ubject to the prc,vi�i��ns of
<br /> peragraph t7. Borrowcr's covcnantr, :uxl ag�cmcnts tihall ixx joint nnd xvcral. Any Bon-owcr who co-tiigns this Socurity
<br /> rnstrument but does not execute the Note: {a) is co-signing this Securiry Insrsument only to mortgage, grint:u�d convey that
<br /> Borrower's interest in the Property undrr the trrniti of t�his Security In5[rumc��t; �b}is not penonally ublir:ited to pay tlx sums
<br /> �ecun�by this Security instrument;und Ic)agrces that Lsnder and any othcr Bo�rowcr may agree to exiend, enoclify, forbear or
<br /> makc any accommaiauons with rcgard to thc tcrms of this Sa:urity Instrument or thc Notc without that Borrow�cr's conscnt.
<br /> 1�. I.oan Charges.If thc loan secured by this Security instrument is subject to a law which,ets maximum loan charges,
<br /> :u�d that law is finally interpmteci so that the inte��t or other Inan charges collcxted or to be collected in�:�nnection with the
<br /> loan exieetl the permittetl IimitS, then: (a)any such loan charge shall be n�ducraci by�he amount necessary to re�luce the ch:u�ge
<br /> to the permitted limir,and(b)any sumt already collected from F3urrowe�«Uich excecd�d permittcd limitr.wilt tx refuttdcjd tu
<br /> B�rrower. l.crnfer may choose to make this rcf�ind by rcducing the principal owcd undcr thc Note or hy makin� a direct
<br /> �ayrm�nt to Borrowcr. If a refund reduces prinripal, thc rexluclion will be treat� as a partial prepayment without any
<br />! prepaymcnt chargc undcr the Notc.
<br /> j 14. NMices.Any notice to Borrower providsd for in this Security Instrument�h�ill bc given by dclivering it or by mailing
<br /> � it hy first class mvl unless applicable law requ�rca a�se of:snother method. Tfie noticc tihall tk:dirccted to the Property AJdr�s
<br /> � or any ��iher address 13orrowce design�tes by nouce to I.ender. Any notice to Lender shall be given by fini class mail co
<br /> ; I.crui,,r's nddmss stated herein or any other addre�s Lender d��s�enatc�by notice to Bormwer. Any notice pmvidc� for in this
<br /> � Sccucity�n!:Srument shall bc deemed to liave bcen given to Borr�.v�r��r Lcnder when givcn as providcci in this paragnzph.
<br /> � 15.�overnlstM Law: Severability. This Sesurity Instrumcnt �hall bc gu��crn��d by fi�icrul law and thc law of thc
<br /> � jurisdiction in whirh efie Property is located. In the event that any pmvision ur rlau�e uf this Se�:urity Imtrument or thr. Note
<br /> con�licts with applicablc law,such ronflict�hall nat affect other provisions of this Security Instrument or ttti Note a•hich can be
<br /> Igiven effect without the conflicting provision.To this end the provisions uP this S�.�curity!n<�rument and the Note are declared
<br /> ' to bc scvcrablc.
<br /> � l6.liotrower'ti Copy. Borra�wcr shall bc rivcn one ronformcd copy��f thc N��te and of this Security Instrumcnt.
<br /> 4 . Form 3028 9/90 °
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