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<br /> ., payiil;:�u�;may n�Inn�cr b;:i-cquirc::l,nt the nption of Lcnder,if ninrtLa;;e insurancE coverage(in tlie amoun�c+rn 1 far d.c i�.ri���1 ,.
<br /> tli:it I�:rtilcr �:,qui�c��l pr��vi�lalltiy ;m in�.urcr i!p�zrovsd by I�:nder:u��iin bca�ines av�ilable and is oh2ained. t3orrotve�vilydl�r.�y �•
<br /> thc ��rcmium�;reyi�ircd t��niuiut,ih� nim�t�;+!,�c ii�5u��incc in cffcct,��r to providc a luss rescrvc, until tl�c rcyuircmcnt far n�i��i�;�:;;�
<br /> ' " „�;..; ' insurancc cn�s in uccordcutcc with nny�vrittcn agrccmcnt bctwccn Hve�eativcr and l.cndcr ar u��plir,aiulc lu�v. _.
<br />_`��''';``. ".-��.., 9. liist�ction. l.�:ndcr ur its t+�cnq may nrikc rc�is,mablc entric�;upoi�imd inspcctions of dic Property. i.cudcr shall givc
<br /> --"-""`*� — Rnrro�v.rr nnticc r.t Ihc Nm�ui'nr priur tu�m inspccdon spccifyin�;rcatiun.�blc causc fur thc inspcction. —
<br />. °'�'���^,��`^��r`���+j 1(�. Condcmnntla��, 't'!ro proccccts r�f uny award or clafm far clam,igcs, clircct or conseguentit�l, in canncction with 1ny '
<br /> -.__,�„� cnndemnatiu�i or uther�ukiu�;uf i�i�y pa��¢uf ih� t'rup��ty, ui•for cona�cy�nc:in lieu nf cemden�nr�tinn, nre here{�y ascin�ied and
<br /> ,---.;�:.��,= shnll bc p�fd ta I..cndcr.
<br />-�:�"�,,'.`:''�`',''�;� (n the event of�total t�kin of the Pm �rt thc rocceds shall bc a I�ed to thc sums secured by thiy S�curity Instrumcnt,
<br /> .�,•� 8 P' Y• P PP�
<br />_'�R:��s�:i��. �vhether or not then due,with any excess paid to B�rco�ver. In the esent of n parNnl taking�f the Pruperty in which die fa3r
<br /> '.-%;L��SF:',_��. . .
<br /> _:�:�.:�-.,�� :. '�'��� market valuc of the Praperty immedimely beforc the taking is cyuul ta oe gret�tcr Il�an the umount of the sums sccurzd by this
<br />_ • ,,�.,�
<br /> ;s;?.;y.::;'.':�;::.,:�:;:. Sccurity Instrument itnnu;diately before the taking,unless IDorrower n�id Lender othcrwise ngrce in weiting.the sums secure�d by
<br />"�;�:.,; >• �' 'int` this Security Instrun:c��t sl�all be �•educed by the amount of the pracreds multiplled by the follo+ving f'ractiun: (u) die tatal
<br /> ,t��'�;:x;:1� �,
<br /> �'��'�������•� nmount of the sums sccureci immedi�itely before thc tuking, divided by (b) thc fnir markct valuc of the Property immc.iiately
<br /> ={'���"''�"'•��'=`�'�g before the takin An balance shall b� aid to Borrower. In the event of n partial taking of the Property i�a �vhich the fair
<br /> ,,� •,. S• Y P' _
<br /> " ""`� �;'�'"` market value of thc Propeny immediately before the taking is Iess than the amount of the sums securcAl immcdiatcly beforc the
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<br /> � .'. .,...:,,'� tnking, unlcss[iorrower and Lender othenvise agrec in writin�or unlcss applicable law othenviss providcs, thc procccds shal!
<br /> _`-'::a,;, .
<br /> •����" ';r*'� bc applicd to thc sums sccurod by this Security Instrumcnt whethcr or not thc sums arc N�cn d►�c.
<br /> I�-���~��" If tlie Property is abandoncd by Borrowcr, or if, after noticc by Lender to Borrower that tlic candcmnor affen to make an
<br /> .,',•.r�' . . .;k.l.,.i —
<br /> =- . . ���P award or setde a claim for damages, Borrower fails to respond to 3,ender within 30 days after the J�de; th� iiotica is givcn,
<br /> ,;;,n`�;� `:"� Le::der is»�sth^ri?ed rn���I��►pnd annly�he nroceeds.at its ontion,either to restoration or repair of thc Prop�rty or to thc sums
<br />_ " � ^ sccurcd by this Security Instrumcnt,whether or nat thcn due.
<br /> �:,�...:,,� N�.-,.�.r Unless Lender and Borrower othenvise agree in writing, any application af proceeds to principal shall not extend or
<br /> " � � - postponc the due datc of thc monthly payments refeiTed to in paragraphs I and 2 or cliange thc anount of such payments.
<br /> . . . 11.fiorrower Not Released;Forbrnrance By Lender Not n Waiver.Extensian of thc timc for p�yment or modit"ication
<br /> � oF amorti�ation of the sums secured by this Security Instrument granted by Lender to any successor in interest of Bonower shall
<br />� � � not ope��te to release the liability of the original Borrower or Bonowcr's successors in interest. L,ender shall not be required to
<br /> . � commence proceedings against any success�r in interest or refuse to extend time for payment or athenvise modify amosti�.�tion
<br /> of the sums secured by tliis Security Instrument by reason of any demand mude by the original Borrower or Bon•owcr's
<br /> ' • , successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a wuiver of or preclude thc
<br /> cxercise of any right or remedy.
<br /> � , 12.Suceessors und Asslgns Bound; Joint and Sev�ral Liability; Co-slgners. The covenanu and agecctncnts of this
<br /> Security Instrument shall bind and benefit the successors and assigns of L.ender and Boirawer, subject to thc pruvisions of
<br /> ° parasrnph l7. �orrower's covenants and �►greements shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrumcnt but does not executc the Note: (a) is co-signing this Security Instrumcnt only to mongage, grant and convey that
<br /> Borrower's interest in the Property undcr the terms of this 5ecurity Instrument:(b)is not personally obligated to pay the sums
<br /> � � • , secured by this Security Mstrument:and(c) agrecs that Lender and any athcr Borro�ver may agrce to cxtend,modify,forbcar or
<br /> � muke any accommodations�vith regard to the ternis of this Security Instrument or the Note without that Borcower's consent.
<br /> � 13.Loan Charges. If the loan secureci by this Security Instrument is subject to a law which sets maximum lonn chazges,
<br /> . ��`''� and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with Qie
<br /> loan excecd the permitted limits, then: (a)any such loan charge shall be rcduced by the amount necessary to reduce the charge
<br /> ' . • � to the permitted limit: and (b)any sums already collected from Borrower which exeeeded permitted limits will be refunded to
<br /> � Borrower. Lender may clioose to make this refund by reducing the principal o�ved under the Note �r by making a direct
<br /> � ; payment to Borrower. If a refund reduces principal, the reduction will be treated ac a panial prepayment �vithout any
<br /> prepayment charge under the Note.
<br /> . 1�3.Notiees.Any notice to Borrower provided for in this Securiiy Instrument sh:�ll be given by delivering it or by mailing
<br /> it by fin1 dass mail unless flpplicable law requires use of another method. The notice shall be directed to the Pro�erty Address
<br /> � ar any other atactress Horrower designatcs by notice to Lcnder. Any noticc to Lendcr shall be given by first class mail to
<br /> � � �'� Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Sccurity Instrumcnt shall be deemed to have becn given to Borrower or Lender when given as provicled in th9s puragraph.
<br /> I5.Govcrnin� Law; Seyerability. This Securiry Instrumcnt shall bc governed by federal law and the law of the
<br /> i jurisdiction in which the Propeny is located.In the event that any provision or clause of this Security Instrument or the Nute
<br /> ° conflicts with applicable law,such contlict shall not affect other provisions of this Security Instrument or the IVote which ean be
<br /> given effect �vithout the conflicting provision.To this cnd thc provi sinns of this Security Instrument and thc Note are dcclarcd
<br /> to be severable.
<br /> �. � 16.Borrower's Copy. Borrower shall be given one conformed wpy of the IVote and of this Security Instrument.
<br /> } Form 3028 9l90
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