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<br /> �1 •' ��ynt��us ntay no luugcr t��rcc{uirrit, at tiic��ptiun uf IAnit�r, if mmlrc;gc in�,ur:uuc covc��orc fiu th;.�uttutmt and fm•thc��riod f." �
<br />,:�.� .. . , , , �liaz l.c.:��dcr rcquires)pruvidcd by nn insu�cr t�ppruvcd hy I.citdcr ai�,ain hccon�cs nvuilid�lc ani! is��btninesl. �3oe�•����rcr:;h:;li p:ry �
<br />----�~��;•;� � �}•• �hc prcmiuros rcyuired tn malntuin mort�;a�c insur.mcc in effcct,��r to providc ii loss rescrvc, wuil thc requiremcnt for inort�agc ___
<br />-s "' ' ���`�'�� • imoir�►ncc ends in accord�nce with nny�vritten ugreen�ent Itict�vecn iiorra�ver and Lender ur npplicab�c Inw. �
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<br />� __ 9. lnslx�ction. l.crdcr or its ngcnt may makc rc:�snnablc cntrics upon u�id inspcctions nf thc Pruperty. l.cndcr sliall yivc
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<br />�..:=''=`"� .'..``�°.� 13urro�vcr notic�nt tl�r,tintc of ur prior[o.in inspcction sperifyinu rcas��nabic cuusc for t Tc rosp;:cuun.
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<br /> � 10. Cond�mnatlon. The procecds of nny n�vord or clni�n fur�I�nunges, diicct ur cu���,e<►uential. in cannCCtion wu� nny
<br /> ----___—__— condcmnation ar othcr taking uf any pmt of thc P��a�rty, ur for convcynncc in licu of condcmnatio��, nrc licrcb�+nssigncd und
<br />- a.;-R-�,,r_�. a.
<br />�.�.:�,.�a,�,� shull be paid ta l.cndcr.
<br /> In the event of n tot�l wking of the Praperty, the proeeeds shall be n{�pli:,cl ta the s►ams securecE by this Security Tnstrument,
<br />��'� �',� �!� tvhcther or nnt then due, witl� any�xccss paiJ to Borrowca In th�evcnt of a partinl taking of tite Properly in which tlie fair
<br />��c°� �*
<br />__.�•.�;;3�-c?,g.��� market vntue af the Fibpeny immccliutely bcfarc the taking is cqual to or grc��tcr than Uu aiiiount of the sums secured by this c-
<br />�=�=a�'��'� Security(nstrument immediate!y before tlie taking, unless Aorrower a��d Lender othenvise agrcc in tivriting,the sun�s sccured by
<br />'�"a;"`;�'�,,,�T this Security Inst�v►nent shall bc reduced by the amount of the procecds multiplicd by the following fraction: (a) the total _
<br /> �� �'��`�' amount of the sums secured immcdiatcly befom the t�lcing,divided by(b)the fnir market value of the Property immediately
<br /> -�' f";''.t•_ .ti,,; r
<br />'9`"'"-�"`'•��'�•���� before the taking. Any balance sliall be paid to Borrower. In tlie event of a pactial taking of the Property in �vhich thc fair W
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<br /> �-_���„°;,�:2i:,�,.. m�rket valuc of the Property immcdiatcly befbtc Ihc taking is itss than the�mount of thc su��u scxured immediately be ore e
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<br />---_,.�y�:,-.°• taking, unless Ho�rrower and Lender uthenvise agrce in wciting or unless applicable law othenvise provides.the procceds sl�a 1
<br /> _-v-��-• U�epplicd to the�oms sccurcd by this Security Instrument wh�ther or not thc sums are thcn due.
<br />�.����=a•..�;ir'
<br />-- -�.: ''�'°'`'`q If thc Property is abandoned by Uorrower,or if', aRer notice by Lcnder to Borrowcr that the wndemrtor offers ta make an
<br /> .-�_v�.�t.;�r�;
<br />='°'u'�'�:)'��`�� a�vard or setdc a claim for damages, Borrowcr fails to respond to L.ender within 30 days aftcr the dAte the notice is given.
<br />�,° • Lender is authorized to coticct and apply thc procccds,at its optian,cithcr to rcstoration or rcpair of thc Propert,y or to the sunts
<br /> __..�L�.t�4::1: ,-• .
<br />�n??�:�;:<_� secured by this Securiry Instrument, whcthcr or not then due.
<br />'�_ Unless Lender and Borrower othenvise agree in writing, any application of proceeds to prineipal shall not extend or
<br />����;°;?�r�.��'�'��:.�` postpone the due date of the monthly payments rcEerred to in parngraphs I and 2 or change thc nmount of such payments.
<br />��'-;k,_�:,,,;-;�rrt,,,. 11.Borro�ser Not Rele�ed;Torbearunce By Lender Not a Walver.Extension of the time for paymcnt or moditication
<br /> y;��.� ;, ,;::w�; of amonization of the sums secured by this Sccurity Instrumer►t granted by Lender to any successor in interest of Borrower shall
<br /> , , ' �• '� nQt operate to release thc liability of the original Borrower or Borrower's successors in interest.Lender shall nos be required tn
<br />' • � commence proceedings against any successor in interest or refuse to exrend time for payment or othenvise modify amortization
<br /> � �. ; ..
<br /> ' � �f�hr a�ms secured hv this Securiry Instrument by re:�son of any demand made by the original Borrower or Horrower's
<br /> �����": .;� '''�� .,�� succe:ssors in interest. Any forbearancc by L.endcr in cxercising any right or remedy shal! not be a waivcr ai or preciuoe ine
<br /> :�• • . , exercise of any right or remedy.
<br /> , � • 12. Sucassors and Assigns Bound; Joint nnd Sevcrul Liabil(ty; Casfgners. The �o�ea�ancs and agreements of this
<br /> a�• • � Securiry [nstrument shall bind and bencfit thc successors and assigns of Lender cuid Bon�tiver, subject to the provisions of
<br />" �. � ' paragraph 17. Ro�ro�ver's covenants and asreements shall be joint and several. Any Barrotiver�vho co-signs this Secueity
<br /> � • Instcument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgnge, grant and convey that
<br />-'!..''`"'•� ' �orrower's interest in the Property under thc terms of this Security Instmment; (b)is not personally obligated ta pay thc sums —
<br /> �����q:�,y�•�� sccured by this Security instrument;and(c)agrees that Lender und any other Borcower may agree ro extend,mudify, forbear or �';_
<br /> ,.. , make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. �'�`
<br /> `.•,.d.;�:�. . 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. -
<br /> `''"�,�..�,;;`,;,:, . and that law is finally interpreted so that the interest or oth�r loan charges collected or to be collected in connection with the _-
<br />�'-�'s�°s�`' ' �*''.: � laan exceed the permitted limits, then: (a)uny such loan charge shall be rcduced by the amount necessary to reduee the charge �
<br /> ' '��" �'�°�"-- " ' w the permitted limit;and(b)any sums already collected from 6orro�ver�vhich exceeded petmitted limits wiU be refunded to �-�`�'
<br /> -±pi.w.ryu.r .�•..,• - � � � .
<br />- - � Borro�ver. L.ender may choose to make this refund by reducing the principal owed under the Nate or by making a direct __
<br />`: S�c ',. ��. - � payment to Borrower. If a refurtd reduces principal. the reduction will be treatecl as a pxrtial prepayment without any __
<br />"""' " � prepayment charge under the Note. ��
<br /> + � `,�:,:
<br />- _ •. • 14.Notic�.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailin� �.;;�
<br />�; , ii by frst rlass mail unless applicable law requires use af another method. The notice shall be d'ec�:,:ted to the Propeny Address
<br /> � , � or any other adelress Borro�ver designates by notice to Lender. Any notice to I.ender shall be give.n by first class mail to •
<br /> , Lcndc�s addmss stated herein or any other address L.cnder designates by noticc w Borrm�•cr. Any notice pmvidcd for in this
<br />��,`�~ Security Instrument shall be dcemcd to have bcen given to Borro��•cr or Lsndcr when gi��cn as providcd in this p:uagraph.
<br /> --- 15.Governing La�v; Se�•erability. This Security Instrmnent shall be governcd by fcdcral la�v and thc law of the
<br /> -��"� • jurisdiction in�vhich the Property is locatecl. In the event that any pru��ision or clause of this Security Instrument or the Note
<br /> :':�=� , conFlicts with applicable law, such conflict si�all not affect other provisiuns of this Securiry Instrument or the Note which can be
<br /> "�:�' • �iven effect without the conflictin�pmvision.To this end the provisions of this Sccuriry InstNment and the Note arc declarcd
<br /> to be severablc.
<br /> 16.Borrotver's Copy. Aorro��•cr sball bc givcn one ronfom�cd cop}'of thc Notc and of this Scrurity Instrument.
<br /> •''� ,�' Form 3028 9/90 ,
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