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<br /> paymen�9 may no langcr be required,at the option of[,ender.if mortgag�iusurcutca cuv�r�o in d:o amount and for th��riod '
<br /> that Lsnd_r requires)providcd by an insurer approvod by Le�der agntn beoomes available m�d is obini�zrd. Sorrower c�►all pay
<br /> the premiums requirod to mairnai�mortgagc insumncc in effect.or to provtde n loss reserve.until the requirement for mortgego
<br /> tnsurance cr►de in accordanco wIth any wrltten agreement between 8orrower and Lender or upplicable law.
<br /> 9.[t�p�cttan. Lender or ita agent muy make reasonablo entrles upan and inspections of thc Prope.rty. Lendsr sh�ll g[vc
<br /> �orrowet�otia at the dme af or prior to an ra�pection spccifyiag reasonable cause for the inspocdon.
<br /> A0. Cnnekmnallon. The proeeeds of any awArd or claim for damuges.din�t or consequenUat. in conaoction wlth aay
<br /> oandemr�atlon or other teking of any part of the Property.or for conveyence in lieu of oondernnation.sue heceby asslgnod anci
<br /> shall be pstd to l.e�er.
<br /> Cn tha event oP u totW taking of ths Property.UtC EfSOCCCdS 6}IAII IlC IIppl;Cd t0 tltC 6UQiS SECl1fCd I1JI tf1�8 SCCtIl�ty II1.Stfl1I11CAt�
<br /> wketber or not thcn due, with any eac�s paid to Borrower. In the event of u puctiW teking of the Property in whtr,h the feir
<br /> market value of the Propeity immcdiately befone the taking Is eqos{1 to or greuter thnn the umount of the sums secured by this
<br /> Security insnument immodiately hefore the taking.ontess Borrower and I.ender othetwise agr�1n wdting.the sums secured by
<br /> tMs Securlry Iastnuaeat shall be reduced by tbe umnunt of the pmceeds multIplied by the following fraction: (a) the total
<br /> amount of th�suma secured Immectincely before the takjag.divided by (b)the fsir market value of the Araperty inunediately
<br /> before t�e wking. My balance shall be paId to Bormwer. En the event of u partia! taking of the Pmperty ia which the faIr
<br /> market value of the Property ia�mediately before the taking is less ttwu the amount of the sums secutod immodiately befo�+e the
<br /> taking.unless Barrower and Lender othenvise agcee in wcitiag or ualess applicstble law otherwise provjdes. the pmoeeds shall
<br /> be applie�to tha swns secured by this Secur�ty Instrument whether or not the sums ure then due.
<br /> If the Pi+op�:dy is abandaned by Borrower.or If.after nat#ce by Lendcr to Borrower tt�at the condea�nor offers to malce an
<br /> awatd or settle a claim for damages, Borrower fails to respond to Lendcr wlthib 30 days afYer the date the notIce Is given.
<br /> Lender is authorized to collert and apply the prooeeds,at its option.either to restoradon or repair of the Property or to the sutas
<br /> r�ecu�ed by thi.s Secudty Insriument,whether or not then due. +
<br /> Unlcss Lender and Horrower otherwise agrce i�writing, any appltcation of pmceeds to prlacipal shali not extend or
<br /> postpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or chunge the amount of such payments.
<br /> 11.Borrower Not Released;Forbearance By Lender 1Vot a Waiver.Extension of thc time far payment or modification
<br /> of amortf7adon of ttte sums secured by this Securlty Insuvment gtantod by L.ender to any suocessor in iaterest of Borrower shull
<br /> �`��'� not operate to release the pability of the odginal Borrower or Borrower's successors in interest.Lender shall not be requ�red to
<br /> �+� commence proceedings aga�nat any successor in Interest or refuse to extend tIme for payment or otherwise rrtodify amottl7ation
<br /> `:,�;�:; of the sums secured by this Securiry Inspument by reason of any demand made by the orlginal Borrower or Bomower's
<br /> �uu��si�in l� lt�teresi. Any forbearance by Lcndcr ia cxcrclsing assp right ar retnedy shs!!nQL be s walv�r ef or pt+?�i��e�he
<br /> �'i�'�F2"^, exercise of any right or remedy.
<br /> ` "'"�'x� 12. Sut�sors and Asgigns Bound; Joint and Severa! LiablUty; Co-siguens. The covenants and agreements of this
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<br /> . y�q'�� ��� Security Ins¢a�ument shall bind end benefit the susoessors and assigns of Lender and Borrower, subject to the provislons of
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<br /> ����,�.,,,. :� paragtaph 17. Borrower's covenants and agreemenu shell be jaint and several. Any Borrower who casigas s Sec ty
<br /> ; '��:' 4'•�•�• Instrument but dces not execute the Note: (a) is co-signin�this Security Inswment only w mortgage.grant and convey that
<br /> tir �"�� Borrower's intemst in the Property under thc terms of thIs Securiry Instrument;(b}is not personally obligated to pay the sums
<br /> aecured by this�ecurity Iastrumenr.and(c)agrces that Lender and any other Horrower may agrce to extend. modify.foibear or
<br /> - '• -`' make any accomtnodadons with reAard sa the terms of this Securtty Insuument or the Note without thnt Bonower's consent.
<br /> �`��� : 13. I.oan Charges. If the loan secured by this Security Instcument is snb}ect to a taw which sets maximum loan charges.
<br /> �k ��',�•. �. and that Iaw is ftnally interpreted so that the interest or othsr loan charges collected or to be collecte�!n connection with the
<br /> loan excesd the pemutted IimIts.then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> - ����,, to the permitted limit;and(b)any sums already collected from Borrower which excceded permitted Ilmits wlll be refunded to
<br /> Borrower. Lender may choosc to make this refund by reducing the prittclpal owed under the Note or by making u dtrect
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<br /> '�,��,.;:;:�V•,�,n payment to Borrower. If a refund reduces pdncipal, the reductian wtll be treated as a pardal prepayment without any � �
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<br /> � .��•,-�'�� prepaymentchargeundertheNoce.
<br /> "j � 14.Notices.Any notice to Bomower provideil for in this Securlty Instrument shalt be given by delfvering it or by mailing �
<br /> * ;`±�, " � it by tlrat class mail unless applicable Iaw requires use of another method.The natice shnll be dlrected to the Propecty Address �� -�=
<br /> "=-� - •..�;.:', or any other address Bocrower designates by notice to Lender. Any notice to Lender shall be given by first class muil to ,
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<br /> �� °r;' Lender's addt�ess state�heretn or any other address Lender designates by notice to Borrower. Any notice pmvided for in this
<br /> �; Secudry Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph.
<br /> T?�''�� " 15.Governt� I.aw; Severability. This Security Inswment shall be governed by fedcral law and the law of the
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<br /> , j ::t •;:,� jurisdiction in which the Property is l�cate�. In the event that any provision or clause of this Security Inmument or the Note
<br /> ^����:`.','s:= conflicts wlth appltcabte law.such conflict shall not affect other provisions of this Secur�ty Ins4rument or the Note which can be
<br /> � •`" '" `�''` iven eff�ct without the conflictin rovision. To this end the rovisions of this Securi lnctrument und the Note are declaned
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<br /> :-. � ,�.'�•'V. to be severable.
<br /> .g~�;���-����r' 16.Borrower's Capy.Borrower shall be given one conformed copy of the Note and of this Security Instniment.
<br /> �`-�.`i S,�°:,�; Form 3028 9/90
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