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<br /> �yma�t�m4y»o Inngcr be rdqufred.�t the uption of I.enQer.[P mortg�e inurr�nce covenge(in the uaount and fpr tha p+eiyd
<br /> that I,ender Tequir�)provided by c�et insurer appr�ved hy L�endu again Uzcnntes aWatlabla and is o6taitxd. 8rn'toK er sl�ali pay
<br /> ihe�rcit�iamv rcquired to maintnfn niortbagc EnsurartCG in effcct,ur to�AV(dc n loss reserve.until the requiremcnt far mort�age
<br /> in�rance ettds fn accorctance with any�vritten ag�eement betwerat Borrawer and l.endar ur upplirublo tuw.
<br /> 9. 1m�pa4Mn. L,ender or its agent muy malce reasnnable entrles upon and insixxtions of the�'rc,per�y.l.ender sha{!�ive
<br /> Bomawer nntice at the Nms pf or priar to an inspectton specifyins reasonable c�e►se fur the InspxNon.
<br /> 10. Ca�dapp�tbn.The praceeds af any award ar claim for dumAges. direct c+r aansoquential, in connecti�n w(th an�
<br /> condcrnnatian or uthcr ts+king of uny pArt of the Property,or for cnnvcynncc in tieu of condcmnatian. art hereby ax�ignal wd
<br /> siwll ix;paid to L.ender.
<br /> � In the cvcnt of u totul taking oP tho Property.the procads shall be appliad to the sums ss�¢und by thia Socudty Instcumeat.
<br /> whether a�'not then due. wlth any excess paid to Horiower. In the event of a parti�l taking of thc Property ln which the fair
<br /> markct vnluo of she Propeity immediately before tht tukIng ia cque!to or grestter than the amount of rhe sums sxurad by tht9 �
<br /> 5ecudty Insuument immediately lwforc the taking.uniess Honower nnd Ler�der otherwise agroe In wrlting. the sums secured by
<br /> this Security Instrument ehall be reducea by the amount of the proczeds muldpiied by the foilowin$ fractIan: (a)the tatei
<br /> aawunt oF the sw»s secueed i�muediutely before dee taking. dlvided by(b)the fair mnricet value of ehe Property lmrnediutely
<br /> beforc the taking. Any balance shall bc pAid to Borrower. In the event of a partiul taldng of the Property in whlch the faIr
<br /> market vulue of che Fmperty immediately before the taking is less than the a�nount of the sums secured Immediately b�fore tha
<br /> toking, untess Borrower and Lender othenvisc agrex in wridng or unless applicable Inw otherwise provldes,the prcx�oeds shall
<br /> be applied to the sums secured by this Secudty inswment whether or not the gumv are thea due.
<br /> If the Property�is abandoned by Borrower.or lf.after notIce by I.ender to Borrower that the condemnor offers to cnako un
<br /> award or,setde a cluim far damages, Borrower fails ta respond to Lender within 30 days aRer tho date the nottce is given,
<br /> Lender is authorized to collect and apply the pmceeds.at Its option,either to resWration or repair of the Property or W the sums
<br /> secured by this Securlry Instrumezti,whether or not then due.
<br /> Unless Lcnder and Borrow2r othenvise ag�+ee in writing. any applicutIon of pm�oeeds to pdncipal shnll not extend or
<br /> postporta the due date of the monthly payments referred to in paragraphs I and 2 or changc the amount of such payatents. •
<br /> 11.Borrower Not Released;Forbeara�vice By I.ender Not u Watver.Extepsion of the time for payment or mndificatlon
<br /> of amottization of the sums secured by this Secutity Instrument granted by Lender to any succes�or in interest of BotmwP,r shall
<br /> not operate to release the Itabiliry of the orlginal Bonower or Borrower's sucoessors In lntemst. Lender shall aot be required to
<br /> commence proaeedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br /> of the sums secured by this Security Instrument by reason of uny demand ma�e by the original Borrower or Borrower's
<br /> successors in interest. Any forb^u�mnce by L.ender in exercisin�any rtgttt or remedy shall not be a waiver of or preclude the
<br /> exercise of any right cyr;pemc�y.
<br /> 1i. �uecesso��d A� Bound;Joint and Several I.lability;�:a��lgners. '1'he covenancs end agreements of this
<br /> Secur�'ty InsUvment shall bind And benefit the nuccessors nnd Assigns of Lcnder and 8orrower, subject to the provisIons of
<br /> ,paragraph 17. Borrower's cavenants and agreements slu�ll be joint sind several. Any Borrower who casigns this Security
<br /> Itutrument but does not execute the Note: (a) is casi�ning this Secwity instivment unly to mortgage,grant and convey that
<br /> Borrower's lnterest in the Property under tde terms of this Security Instrument:(b) is not personally obligated to pay thc siuns
<br /> secured by this Security Insdvment;and(c)agrees that L.ender and any other Borrower may agree to cxtend.modify,forbear or
<br /> make any accommodations with regatd to the temts of this Security Insttument or tho Note without that Borrower's consent.
<br /> 13.I.osn Charges.If the loan secured by this 5ecudty Instrument is subject to u law which se[s maximum loan charges,
<br /> und that taw is finally interpreted so that the interest or other loan churges collected or to be collecteci in connection with the
<br /> loan excced the permitted limits,then: (a)any such loan churge shall be roduced by the amount necessary to reduce the charge
<br /> to the perntitted limit;and(b)any sums already collected from Borrower which exceecled permitted limits will be refunded to
<br /> Borrower. Lender may choose to mnlce this mfund by reducing the principal owed under the Note or by making a direct
<br /> payment to Honower. If a refund reduces principal, the reduction will be treated as n purtial prepayment without su►y
<br /> prepayment chargeµt�dQr the Note. .
<br /> 14.Notioes.Arry notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mniling
<br /> it by first class maii unless npplicable law reyuires use of another method.'I�e notice shall be directe�l tu the Property Address
<br /> or uny other addresa $orrower designates by notice to I.ender. Any notice to Lender shall be �iven by first class mail to
<br /> Lender's address stated herein or�►ny other address I.ender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instn�ment sh�tl be decmed to have�n given to Borrower or I..ender when given as provided in this paragraph. +�
<br /> l5.Governfqg H.aw; Severability. Thts Security Instrument shalL be govemed by federal law and the law of the
<br /> jurisdiction in which tt�s Property is located. In the eve�it that uny provision or clause of this Security Instrument or the Note
<br /> confltcts with applir�^r!e iaw, su�tifi contiict shall not affect other provisions uf this Security Instrument or the Note which cm►be .
<br /> givea eilfect without the conflicting provision. To this end the provisions of this Scxurity Tnstrument and the Note are dectured �?s' ��
<br /> ;ty;:r
<br /> to be severable.
<br /> 16.Botrowet's Copy.Bomower shall be given one conformed copy of thc Note and of this Serurity Instrument.
<br /> Fortn 3028 9/90
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