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<br /> -�'.h-`-�'�"�''�'`" ��yments may no lon�cr bc rc,c�uirccl,at the option of L.ender,if mortUagc insurnnce covcrng�(in the amount and fux�the Exricxl
<br /> " t���t 1.,cn!lcr e'�qi►ires}��rovidect�y nn insu��cr appravai Gy 1.i:ndcr a;ain hccomcs nvailable and is otitaincd.Bo�ra�vcr�h:�ll p:iy .' _
<br /> ��:�a.,=-�-.
<br /> ., !�u ne'cininm�c rcqniral tu maintuin mmt1,a�;c i�t�urancc iii cficct, ur tro ptiovidc .i los:;resc�vc. antil Qli�rcryoircm�nt for mu;if�;sc;;, a:�`. .:<.:
<br /> -�;�it>x-• .'1 .'�.,_:• 6nsurunce enJs in accm•d.u�cc�vitli any�Neiucn n�;r�mci�t betwec�i IDo►•ruivcr mid I.endet•o►•;���plicahlc lae�. };°�,�
<br /> _..h '�`�t�•;•;". 9. Iny v.ilon. l.cndcr or its abcnt may makc masonablc entrics upon und inspcctiuns of tl�c Frop�c►y. l.en;1:r�slr.�ll�;6vc •�•.�=,'°'
<br />-,�'nrr��_•�"" ,�`a?: P�'
<br /> - :�.�b.i BOiCOWC!OOLIL'C ut the time of or priur to an inspcctimi specifyin�rcasonable cause fos•the ins�cction.
<br /> ------° 10. C�ndemnutlon. Tlie pmreeds uf uny c+wnrd or clnim for dnm>►bes. direct or consequential, iu con�icctian ���ith a�iy
<br />-�._;--.._.•:r.R.�.��:_� -
<br /> � """'"` °� "'� condemn++uon or other tnking ot:iny pert of the Frnpe�Ky, or fnr coi�veyanco in licu of condemnntian, 1re liereby asslBnexl u
<br />���,,..,��,.
<br /> stmll be patd to Lcndcr.
<br /> ----�� 1n the event of n rotal takin�of the Praperty. the ptoceeds shall t�e applied to the sums secured by th�s Secur(ty Insteumen,
<br /> - '�'"?"�''d°�'�`'`,� wl�cther or�tat tt►en duc, with �+ny cxccss paid to Bor�nwer. In thc evcnt of a�artia� taking of the Property in which thc falr
<br /> =���s»�u[:�.:�'�-: rnarkct valuc of the Pcuperiy immedint�ly beforc thc 4.►ki►��is equal to or grcater than thc amou�u of thc sums sezurcd by this
<br />—��":�:�s�,':rt=`'i 5c�urlty Instniment immecliatcly before the taking.unless Horrowcr And Lcndcr othcrwisc agrec in wrti�8.the suu�s sccura!by
<br /> �='��'='�a�°'�'-�`-_ tl�is Security Instrument shall be rcduced by tl�e nmount of thc procer,ds multiplicd by the fAllowing fruction: (a)the total
<br /> -�=��S�tsfi rqyt;
<br /> �`T'o''-�'-��'°��`-�ti amount oF tlie sums sccure�i immediately beforc the taking,dividccl by (b) the fair market value uf the Properiy immediatc y
<br />-==:u.??!�t�ne?rr
<br /> ---�M�:;v,. beForc the takin�. Any balancc shall bc paid to Borcowcr. In thc event of a partia! taking of thc Properry in w'hich tiie fp�r
<br /> ���Y;`� � -,-• markct value of the Pmperty immediutely before the takin�is less than th�:nnoant of tlie sums securesl invncdinteiy bcfore the
<br /> --�_; . �.
<br /> n'"w;`'''�' +���'�'' mking, unless Boreowcr and Lender otherwisc agrce it►writing or unlcss applicnble law otherwisc providcs, the ptncceds shall
<br /> -1�'�"�.—__�:'�
<br /> _— be applicd to the sums secured by this Security Instrumenc whcther or not►he sums are then uc.
<br /> �=•-'���?��.ri� If the Property is abandoncd by Borrower,or if, after notice by Lender to Borrower that tlie condeninor offers to makc an
<br /> --.�mvaoc„:�
<br /> =•-.,_y.Tyar,,,�,v;:r, award or scttle a clnim for damages, Borrower f�ils to respond to Lender within 30 days after the date che nottcc is g�ven,
<br /> -`i-==•=�-"=`-=";.,,-y, l.ender is authorizcd to collecz and apply ehe pmceeds.at its option, either to restaration or repair of the Pcu�ity ar ta ch�sams
<br /> " -L�����'���- secured by this Security lnstrument,whether ornot thendtee.
<br /> � lication of roceeds to principal sliall not execnd or
<br /> ��.. •��; `�� .. Unless l.encler and Borrowcr othenvise asree in writing, uny apP P
<br /> .':�:�-.T"7rt�t�1{,��,'`+'.,,' .
<br /> --•�•�����..�- . postpone the due date of the monthly payments n:feaed to in paragraphs 1 and 2 or cha��ge the amount of such payments.
<br /> ?-,,..��,:: ��" yR.,,. 11.Borrower Not Released;corbcarnnce By Lcnder Not a Wn3ver. Extension of the time for payment or modification
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<br />";.;i�•�i,..; � •, :� of amonization of the sums secured by this Security Instrument gninted by I.ender to any successar in intcrest of Honower sha
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<br />::,:,t�';`�+�,:?��. ., not operate to rclease the liability of the original Bonosver or Borrower's successors in interest. Lender shall not be requiX to
<br /> '•'!.•i'•,':,;••• ,:� cummence proceedings against any successor in interest or refuse to extend time for payment or othenvise modify amoctiztttion
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<br /> ��j � '�-' •.�!:',• of the sums secured by this Security Instrument by rcason of any demand made by the originul Borro�ver or Borrawer s
<br />` i�� ' successors in interest. Any forbearance by I..ender in exercising any right or remedy shall not be a waiver of or preclude the �
<br /> .�?: r. r;s'.;:.. excniscui a��y i�g!'d�:r�r.:�;.
<br /> • ' -�- � 12. 5uccessors and Assi�ns Buund; Joint nnd Several Liubllity; Co-signers. i ne covcna�is :��u abr�m�^���f '-h,��
<br /> • ..:��•.,. .
<br /> Security Instrument shall bind and bcnefit the succesaars und assigns of Lcndcr and Borrower, subject t� the provisions of
<br /> ` : � :_' .�'. p;:ragraph l7. Bonowcr's covenants and agreeme�ts shall be,joint and scveral. Any Borrower who c T�gn�sn�th�n3ect that
<br /> "�r-;•• � Instrument but does not execute :he Note: (a) is co-signing this Security Instrument only to mortgnge, g Y
<br /> r•�� � •,�, ,• Borrower's interest in the Property under the terms of this Securiry Instrument; (b)is not personally obligated to pay the sums
<br />`�-.t.•:,i
<br /> J�}„_,,,,��,�,�., ,, ,, secureci by this Security Instrument;and(c)agrees that L.ender and any other Borrower may agree to extend, mudify,for ear or
<br /> _ t _,._:.,,,.:;;, malce any accommodations with regard to the terms of this Security lnstrument ur the Note�vithaut that Borro�ver's consent.
<br /> ''T-- --,,+„;,.;:,,,... .�. . II3. Loan Charges. if the loan secured by this Securiry Instrument is subject to a law which set�s maximum loan charges. �
<br /> �'�! ``~r^- •� and that law is finally interpreted so that the interest or other Ioan charges cullected or to be collected in connection with the —
<br /> ���" loan exceed the permitted 1►mits•then: (a).iny such loan charge shall be reduced by the amount necessary to reciuce the charbe �-
<br /> V�•'�'���h��y�� • to[he permitced limit;and(b)any sums already collected from Borroiver �vhich exceeded permittai limits will be ref�lnded tu
<br /> -�°�-?i:,:�i•y�y•'�,;,r•,. I ---
<br /> ___ �_.,x,,,,�,,�, ., �orrower. L.ender may choose to make this refund by reducing the principal owed under the �`ote or by making a direct F�
<br />- -.::•.;,.•-...:.•�. payment to Borrower. If a refund reduces principal, the reductian will be trested as a partial prepayment without any _
<br />- � '"'�' prepayment charge under the Note. �'
<br /> _��;_,�t�', � ;;, ` 14. Natices. Any notice to Borcower provided far in this Secwity Instrument shall be given by delivering it or by mailing _
<br /> � , it by first class mail unless applicablc law requires usc of anothcr methoci. The noticc shall bc directed to the PropcRy Address ,
<br />_ _ ,; .•,-,;;ti%�' , ",s
<br />_ � or uny other uddress Borrower designate� hy noticc to Lender. Any noticc to Lcnder shall be given by first class muil to
<br /> -'-��• Lender's addreas stnted herein or any other address Le:nder desibnates by notice eo Borrower. Any notice provided for in this ; „
<br /> :;;; ' �� Securiry Instrument sha l l be deemeci to have been given tu Borrowcr or[.ender�vhcn given.is provided in this paragraph. '
<br /> ` 1S. Governing Law; Severnbility. This 5cc:urity Listrumcnt shall bc govcrned by fcderal law and thc law o f t he
<br /> ^�-„��� jurisdiction in which the Property is located. In the event that any provision or clause of this Sec��rity Instrument or the Note
<br /> • confllicts with applicable law,such conflict shall not affect uther provisions of this Security Instrument or the Note�v�ich can be
<br />�F',r'�.'�� given effect without the conflicting provision. To this end tlie provisions uf this Security Instrument and the Note are declared
<br /> ��;' � � �i to be sevcrablc.
<br />,:.;j{� . � ° l6.Borrowee�'s Copy.Bnrcower shall be given nne cunfonned copy uf the Note and of this Securiry Instrument.
<br /> — . .. Form 3028 9/90
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