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<br /> ' � pAynKntv�twy ixa longer t�e rtc�ulr��l.ut Urc c►ptlun af I�3xl�r. !Y�rtnrigagc ins�rn�x;a rov¢rag�in lhe atwu�at uiui fur th�;�,�dr,d
<br /> — ttut l.eixler ecqul��ey1(}�'nvidccl Mv uu inr�urtr uppravcx!�,�Lendee ugc�in Iz:x�nit�r•nvaDal�le:uicf iA�bta3�d.L�c�fr+����cr sl�alt pay
<br /> U�prendu�n9 rcWul�xii t�► maintuln munyuge insaranGa in cffcct,or to�rovido a lass rcxrve,urtti! tf�e requiren�tnt for nx�rtgage
<br /> ' lnsurwuc cnds In uc:G��da►►xo with xny written aprcem�nt bctwecn�rrawar a��d Lendcr or opplicnble law.
<br /> 9.[n�pe+ctiort�l.crxfer c►r ita ugcnt m:►y mttkp rtR�nahtc entdes upem und inspections of the Property. Lender ahall give
<br /> . Barrower�wtice ut tha tlme of or prlUr to cui intipcctioA Fpxiiying rca,wnable causc far thc lnspcctton.
<br /> �_.._,__, , __,_--, 10.Cundemn�tioa.Tiie proceede af uny awur4 ar cluim for damages,direct or consequential, in connection wtth any
<br /> condemnation or other tuking of uny purt of tho Prancrt,y,or for conveyance�n lieu af condemnution.urc hcreby assig�l a�xi '
<br /> ahall t►e paid tn l.eacicr.
<br /> In the cvent af a total tuking of the Pr�perty,thv proceeds shull be applied to the sums secured by this Security instiument.
<br /> whether or not then due. with uny excess paid to Borrower. In the eveet of u partial ri+tcing of the Property in which the f�ir
<br /> markct valae of thc Property immadintcly beforc ihe tattinB ts equal ta or greater than thc umaunt of the sums secured by this
<br /> Secu�ity Insuument immediately before tha taking,u�less 9orcower and i.ender otherwise agcee In wctting,the suma secured by
<br /> thts Stcurity Instrument shul! lse reduced by thc nmounG,of,thR,proceed,9 mulNplied by the following fmcttan: (a) tl�e total
<br /> nmount of thc sums secured immediately before the taking, divided by(b) the fuir market vnlue of the Pmperty immediately
<br /> before the wking. Any bulanre shnll be paid to Bonawer. In the event of n partial taking of the Property in which the fair
<br /> m�rket vuluc of the Property immediately before the taking,is less than the amount oi'the sums secum.d ir�unedjatcly befoze the
<br /> takiqg� un(ess Barrower And l.ender othenvise a�ree in w[lting or unless upplicuble!aw otherwise p�Pxtd�.w,the proceeds shall
<br /> be npplted to th�sums s�cured by this Security Instrumsat whath�c or not the sums nrc thun,dus.
<br /> ---.� _- If die pmperty is nbtwdonetl by Aormwer,Ai lf,afte►nad�a by I.endcr ta Borrowot tltst,�ha�Fandstnnpr offers to make an
<br /> uward or settle n claim for dumages, Borrower fails to resppnd to E cnder within 34 du�re aft�r tbe daca tha notice is given.
<br /> l.ender is authorizeci to coltect and apply the prooee�s,at lte option,either to restoratIon or repatr.ol t�it t�r�perty ar to the sums
<br /> — secured by this Security Instrument.whether or not than duc.
<br /> l,inless Lender end Borrower otherwise agree in w�tamg. arty application of praceeds to pri�� sGall not extend or
<br /> — postpone the due date of the manthly payments referred to in�aragraphF 1 accd 2 or change tha art�ount af such payments.
<br /> 11.Borrower Not Relear.ed�Forbesrunce By Lender Not a Watver. Extension o£the time for pay�{►snt or modificutton
<br /> af amortlzation of the sums secured by this Security InatrumeAt grantsd by l.cnder to any successc�r in intsreisc pf Sarrower shali
<br />_- - noi aperate to release the liubility of the originsil Borrower or Borrowor's Rucc�ssors in interest. Lender shul!�not be required to
<br /> _ commenoe procx�din�s against any successor in interest or refuse to extend time for payment or othsrwise mqdify amortizutton
<br /> - --== of the sums secured by this Secudty Instrument by reasan of uny demand made by th� ariginnl Borrowpr or Borrower's
<br /> -- s�sors;�t 'tnter�t. Any forbearance by L.ender in exerciainS uny riSht or temedy shal! oot bs a waiver of or pseclude the
<br /> exerciso of nny right or reraedy.
<br /> 12, Saccessora and Assigag Bound; Jaint and Several Liabilityi Co-sip,ners. The covenunts and ugreements of this
<br /> Security Instrument ahall bind and benefit the successors and usstgns of Lender and Borrower. subject to the provislons of
<br /> paragraph 17. Borrower's covenants and a�reements st�sll be joint aad several. Any Bortawer who co-sigru; this Secudty
<br /> Instrument but daes not execute the Note: (a) is co-signing this Secudty Instrument only to mortgage. grant tutd convey that
<br /> � Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personaUy obli�ated ta pay the sums
<br /> setured by this Security [nsttument;and(c)agtees that Lender and any other Borrower muy ugree to extend.modiEy,forbeur or
<br /> ma[ce any accommodadons wtth regard to the term4 of this Security instrument or the Note without that Borrowvr's consent. •
<br /> 13. I.oan Char�es.If the losn secured by this Secur�ry Instrucnent is�ubject to a law which set�maximum loun charges.
<br /> and thut law is finally interpreted so that the interest or other lcxin churges rnllected or to bc collected in connecdon.with thc
<br /> -- loan excecd the pernutted limits,then: (a)any such loun charge shall be reduced by the amount necessary to reduca thu.chnrge
<br />- to tha pernutted�imit;and(b)any suma already collected fmm Borrow�r�filch exceeded permitted limiu will be refurded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Nate ar by mnking.a dSrect
<br /> payment ta Bortower. If a refund roduces pdncipul, the ceduction will be treated av a partial prepuymeni without any
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instniment shall be given by deliver�ng it ar.�by maU,img
<br /> it by first class mvl unless applicuble luw requires use of unother method.The notice shall be d[recteci to the Property Addtess
<br /> or uny other add�sess Borrower designates by notice to Lender. Any notice to Lender shall be given by first clar,s mnit to
<br /> Lertdet's address stated herein or nny other address Lender designutes by notice to Bonower. Any notice provided for in thi�
<br /> °�"�'�� Security Insuvment shall be deemed to have becn given to Borrowcr or Lender when given as provided in this para�raph.
<br /> �''`z��'�� 13.Governing Law; Severabiltty. This Security (nstcument sh�ll be �ovemed by fcderal law And the law of thu
<br /> jurisdiction in whicf+the Property is located. In the event thu[any provision or dause of this Security insuument or th�t Natn
<br /> `'' oonflicu with applicable lnw.such contlict shtitl not affect other provisions of this Security Instrumenc or tRe Ncxe which can ba
<br />- �-- glven effect wfthout the conflicting provision.To this end the provisians of this Security Instrument and the l�tcrte�re declatrtd
<br /> w be severable. _
<br /> 16.BormNer's Copy.Borrower shall be given one conformed copy of the Note and of this Security insuum.nt.
<br /> Fotm 3026 9l90
<br /> Papo 4 018
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