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<br /> 9 '�o��As
<br /> payment�may na Innger ba requlred,nt tho o}�tl�n of Lcnder. +f mortgugc huurimcc ccwcragc(in thc uanuunt and fc�r the period
<br /> �w""�"��" that Lcnder reqnires)provided by un h�sur�.r approvcd by Lender ugafn bccmncy«vcdintito und le at�tQi�icd. [�orr�wcr ehall pay
<br /> tho prcmiums requiced to maintaln monguge insurunco in effect,or ta provido a li►ss eczcrvo.until tiio requircmant 6ar oinrtgnge
<br /> insurunce ends in arcordanco with any wrltten agrcement between BarrrnHer aixl l.endar nr��pplicublo luw.
<br /> 9. It�pectlon.'Lendcr or its agc��t muy makc reason�blc cnlncs upcm and inwpcctlony of thc Property. I.cnder shall pivc
<br /> Borcnwer nottce at the dmo of ar prior to an inspectlon apectfying rcnsonablo cuuhe fc�r tha inspcctton.
<br /> 1Q. Condemnatton.Thc pmcceds of any:tward or cluim f�r damugc�. dircct or canscqucntial. in ��nncrtion with nny
<br /> � � � � condemnatlon or other taking of any part nf tho Froperty.or for conveyunw in Ucu af conQemnatian. are hercby nsAigned and
<br /> shull be puid to Lender.
<br /> In the event of a towl taking of the Pmporty.the proceeds ehall be applled tc►the hums secured by thia Securlty lnsteument.
<br /> whether or not then due, with ttny excess patd ta B�rrower. In the ovent at tt pactiul tnk{ng af the Praperq�in which the fafr
<br /> market valus of the Property immedintely before the taktag is cqual to or greatcr tha�tho nmount oE the sun�.5 securecl by this
<br /> �..� �_ Secudty Insuument inunedtutely before the tukins,unless Hormwer und Lender otherwise ug�e in writins.the sums securecl by
<br /> this Secunry [nsttum¢nt shall 6e reAucc�l by the amount of the pmccecis multiplied by the foltowit�g frnctlon: (u) the tomi
<br />_ -- umout�t of the sums sixured immediately before the taking. divided by (b>the f�ir markct vniue of the Properry immediutely
<br /> — before thc taktn�. Arty balnnce shall be paid ta Borrawer. In the event of a purtial tuking af the Property in which the fair
<br /> � market vulue of the Property immedlately before the taking is I�s than the amount of the aums securod immediately before the —
<br />_ taking,unless 9orrower and I.ender othervvisc agree in wdting ar unless applicuble luw otherwise provides,the proceeds shall
<br /> be upplied to the sums secured by this Securlty Insuument whether or not tho sums are then due. —
<br /> �-- - - If the PraEserty Is abandoned by Bottower,or if.after notice by L.ender to Bormwer that the condemnar offers to makc nn __
<br /> - —• awuM or setde a ctuim for dArnages, Bo�rower fails to respond to Lender wlthin 30 dnya ufter the date the �otIce ls given,
<br /> - Lender is uuthortzed ro coltect and apply the proceeds.at its option.either to restoratlan ar repair of the Property or to the sums
<br /> �"° ' secured by this Securtty Inst�ument.whether or not then due.
<br /> — —' Unless Lender end Borrower othenvise ugree in wrlt[ng,any applicetian of proaxds to pr�ncipal shall not extend or
<br /> postpone the due dute af the monthly payments refeRed to in paragraphs 1 und 2 ar change the nmaunt of such payments.
<br /> ; 11. Borrower Not Released;Forbearnnce By Lender Not a Walv�r.Extension of tho time for payment or modification
<br /> of amortizatton of the sums secured by this Security lasmiment granted by Lender to any successor in interest of Horrower shall
<br /> �-- not operate to release the liability of the ariginal Boraower or Honower's successors in i�tarest. Lender shull not be requlred to —
<br /> � commenee proceedings agatnst any successor in interest or refuse ta extend dme for payment or otherwise madjfy sunortizatlon
<br /> � of the sums sacured by this Security lnstcument by reason of any demand made by tha original Borrower or Bor�+ower's
<br />: - - _ �� succ�ssors In interNst. Any forhP�rance hy Lender in exercising Any rit!ht or remedy shall not tee a wa�ver of or preclude the
<br /> � exercise of any right or remedy.
<br /> 12. Succe.ssors and Asslgns Bound; Joirut and Several LiabUity;Co-signers. Ths covenants and agreements of this
<br /> Socurity in.qttument shall bind and benefit the successors and assigns of Lender and Bornower. subject to the provisians af
<br /> paragrnph 17. Borro�ver's covenants and agreements shall be�oint and several. Any Harrower who casigns this Security
<br /> Instrument but does not eaecute the Note: (a)is ca-signing this Security Instrument only to mongage,grant and convey that =
<br /> Borrowcr's interest in the Property under the terms of this Secur�ty Instrument;(b)is not personally abiigsted to pay the sums -__
<br /> secured by this Secudty Insuument;and(c)agraes that Lender and any other Borrower may n�ree to extend,modify.forbear or `_-
<br /> make uny accommodatians with re�ard to the terrns of this Secudty Instrument or the Noto without that Horrower's wnsent. `'
<br /> 13. Loan Charges.If the loan secure.�! by this Secudty Instrument is subject to�law which sets maximum loan eharges. �V---
<br /> end that law is Hnally interprete�i so that the interest or other loan cliarges callected or to be collected in connection wtth the `�""`
<br /> loan exceod the permitted limits.then: (a)any such loan charge shaU be reduced by the nmount necessary to reduce the charge �""`
<br /> eecs
<br /> ro thc permitced IimIt;and(b)any sums already mllected from Borrower which excceded permitted limits will be refunded to L��
<br /> I � ? .
<br /> Borrower. L.ender may choose to make this refund by reducin� the principal owed under the Note ar by makjng a direct ��.,_..
<br /> payment ro Borrower. If a refund reduces principal, the reduction wtll be treated as a partial pmpayment without any r, ...
<br /> � prepayment charge under the Note. �`".
<br />- � ';._�.
<br /> I 14.Notices. Any nodce to Borrower prov3ded for in this Security Instniment shull be�iven by deliverin� it or by mailing
<br /> it by first class mail unl�s applicable Iaw requires use of another method.The notice shall be directed to the Progerty Rddress ��
<br /> i or any other address Borrower deslgnates by notice to Lender. Any noticc to C.ender shail be given by first class mail to �.:_
<br /> I i,ender's address stated herein or any other addmss I.ender designntes by nottce to Borrowcr. Any notice prc>vided for in this F,':p`�.
<br /> Secuttry InstNment shal!be dcemed to have been gtven to Barrower or Lendcr when given as provided in this paragraph.
<br /> I I5.Govern[ng I.aw; Severability. This Security InstNment shall be govemed by federal �aw und the law of the
<br /> jurfsdiction in which the Property is located.In the eveat that any provision or clause of this Secudty Instrument or the Note
<br /> conflicts with applicable law.such conflict shali not uffect other provisions of this Security Instrument or the Note whfch can be ,
<br />- ����s�� gtven effect without the rnnflicting provision.To this end the provisions of this Security Instrument and the Note are declared .
<br /> ° to be severeble.
<br /> 16.Borrovrer's Copy.Bomower shall be given one mnfomied rnpy af the Note and of this Security instrument. .
<br /> Form 3028 9l90 •�
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