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<br /> -.-�..rn,.�.,��:- �aymcnis m1y no longcr bc required,at thc aption af Lcn�lcr,if mortgagc insurancc wvcr�gc Qhf thc�mnunt rai�d ii�r tlir.�x:rl�xi
<br />�.,?',� tle��Lcrtilee requir�) prnvifl.il by an insar.:r approved by Lcrtct.r a�;iinb�rnmzs:�vail:lile,^.�iri i;�nt�t��i�:-rL ;'��,ir�::•,� :��..{i ;�.� --•• .
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<br /> tir��n.u.im��:��!¢��e�,.! tu u�:�mtaiu�unrt�;:n;e iu�.ur.iuc::ii�cfFctt. ur tu r�ruvu�a a I��•.:r�::::rvc:, nntil �li:�►,:+�t�I�.:�>:°��t 'ri�;�<.,�i:, ..
<br /> iu•.in:uit�;:cit�A��in.xc�r.laitcc���ith niiy�n�irtcu n���•c:�ucau{i�t�sc.yi Itus�i+n:cti•�uul��c�ulcr���•,�jq�fi�.•<<4�Ic lii���. ,,,.
<br /> f,,;t�.__,,.�� .:., .:.� 9. In�Ex�rCl�ui.l.��uicr ur its a,r,ent ntay ntakc r�asuna6le c:nirics upnto=,�u!��zs�cctions of titc i'rop;rty. Y�;r.ci�r�.irdl�.;h�e --
<br /> .c•�,,,�, .�-�" .ti�,-.�k�'� Ror�•msr.c nntice nt Ihe Nine��f ar prior t«an ii�tipectinn s�s:cifyl�s,t,•re:e�i,uable cause fbr the 1ns�:r.tinu.
<br /> ..��-��..�z�--- 10. Con�lemnalinn. 7'iic p�r►coe�is�if'i�ny uwnrd ur claim fm• dantagrs, dirc��or cRnscyu�ntiul. in con�xtition with xny
<br />_ ...^m�-r+������:��''� can�lcnuiation or.nhcr tnkin}�of uny pan oF Ihc Property,i�r f�ar cunvcynii�c in licu of cn;idcmnatinn,nn;hcrchy anszgi�r.+xl
<br /> �_ _'SY.:t:ss:��+}� y�lif�) �k�1:ili� �tl�Alit��'e. —
<br /> - - ---- ln ohc cvcnt af n total takiug of thc Prapcny,�hc prcxerds shaU bc appficd tu Ihe sums sccurcd by this Secunty Insttamrnt,
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<br /> ,:.�.:-fa�s.�°° ;�;v� whether �ir n��t tlt�n due, �vith any excess paid tu Bor�nwer.In Ihe event oF n�Sar�inl t.�king of Ilic Pro�•eriy i►�which th� fair
<br /> -_-_`�'-u;K,;�'=-�'�' ma�kct valuc uf thc Pm n i�nmcdintc� l�cforc the takin �s c ual to nr reatcr thnn thc.nnount�f thc sums securecl b this
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<br />���'a'�'�-,�_-;� Scci�rity lnstniment immeciiatcly tucfi�rc thc trking, unless I3orro�a�er au�I.andcr othcnvisc agrcc in writin3,the suu�s sGCUred by
<br />=_��;r '� t:"�-� " ;
<br /> ':.•,' ;:. �,;;,<<°.t..;' this Secnrity Instrumcnt shall fi� raiuee�l by the amount of d�e proceeds multiplied by the fol}uwing Pr.�ctian: (u) the total
<br /> .�:�_;u:i.:: ,�,��.:�F��.
<br />;A�=. ,.�y� �;�r,,.�, .. �ntaunt c►f the sums secun.�c! intmccliateiy Uefi�r�U�e taking, diviJ��l by(b) tti� G►ic �uaeket vaiu;:of�ti� Frup�tiy iw�nalinedy -
<br /> _��-� '; r bcforc ttic taking. Any balancc tihu:l �c paid to Barrowcr. In thc cvcrt uf�partial iaking of thc Propert,y in which the fair
<br /> �.�•-n;., r�.
<br /> `"'�'-"'"°'��`'''',;"��� markct value a�f thc Propeny immcdiatcly beforc thc taking is less th.n Ihc am�unt of thc sunts secan,d immecliatcly beforc thc
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<br /> �� i�=-•=• • •�'�'°• taking,unless Bcrroti�cr and Lcnder othcnvis�agree in writing or u�less applicnble law othcnvisc providcs. the pracecxls shall
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<br /> •' -• � • . -! ��, . bc applied to the sums secur�,ci by this Sccurity Instrument whctlicr or not die sums ure thcn duc.
<br /> _,,.,.�'�a'�'-�'�' �'r If the Property is abandaned by Borrowcr,or if,after noticc by Lender ro Borrow�r that the condcmnar oifers to make an
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<br />--.,=>;,_t.':�,��!}i�� aw�rd ur setde a claim for damagcs, Barrowcr fuils to respond to Let�der within 30 days aftcr the date the iwtic�e is givea, __
<br /> �`��'-�'•:':•-• . . .-. . Lender is authoriud to cnllect ancl apply the proceeds,nt its aption,either to restor:�tion or npsir of the Propc�ty or to itie sums
<br /> "=�`"-�''�` ' sc,:urcd b this Securlr Instrum�nt, �vhether or not then due.
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<br /> "'��T� ° � Unless L.ender and Borro�vcr othenvise agree in writing, �ny applicatian af proceeds to principal sflatl not extend or
<br /> •�;;�,;.;;,,.:r , postpone the due datc of the monthly payments refemed to in paragrapl�s I a►�d 2 or changc tt�e amount of suci�payments.
<br /> ' '�`��, 11. Qorro�ser Nat Rc1eased;�'nrbcarance By Lender Not a�►Vc�i�•cr. Extcnsion of the timc for paytnent or modification
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<br />-,;�,�µ:..�;�_,-:�;r:_t,. . uf amoni7atian of thc sums sccured by this Security Instrument branted by Lender to any succcssor in interest of I3orrowcr sh�ll
<br /> _ '•' �� not operatc to rcic:uc thc liability of the original Horro�vcr or Borrowcr's successors in i�uerr;st. Lender shall not be reyuired to
<br /> -" '' „ commence procecdings against any successor in intcrest or refusc to cxtcnd time for payment or othen�ise modify amoraization
<br /> -, • • _ ' of tlie sums secur� by this Security Instrument by reason of any demand made by the original Burcower or Borruwer's
<br /> �� ` ': successors in imemst. Any forirrarance hy L.ender in exercising any right ar remedy shall not be a waiver of or pmcltide the
<br /> • . cxercise of any ribht or rcmcdy.
<br />__- �� • !2. 5acc+ess�rs and Assigns I3ound; Joint and Se�•ernl Llabllit�; Casigners. The covenants and agreements of this
<br /> „ • ' Sccurity Instrumcnt shall bind and bcncfit thc sucressors :uid assigns of I,cndcr and Borro�vcr,•�ubjcct to thc pro•risions of _
<br /> • paragraph 17. Bono�ver's covenants and agreements hhall lx: joirrt and several. Any 8onn«•er who co-si�ns this Security
<br /> _ Instnrment but does not execute the Note: (a) is co-signing this Securi[y Instrument only to mortga�e, grant and convey that �
<br /> •. �� Borro���er's interest in the Propeny under thc tcrnis of this Sccurity Instmment;(b)is not personally obligated to pay the sums
<br /> , , , secured by this Security Instrument;snd(c)agrees that Lender and any ather Borrower may agree to extend,modify,forbear ur
<br /> ;._.;.._. . .. . rtuake any accommodations�vith reg3rd to the terms of this Security[nstrumrnt or the Note without that Borrower's consent. -
<br /> � 13. Loan Charges.If the loan secured by this Securiry Instrument is subject to a law which sets m�xinmm lo;m charges, �n
<br /> • • and that law is finally interpmted so Uiat the interest or other loan charges collected or to be collected in conncetian �vith the ry.:s,.,
<br /> �' ' ' loan exceed the permitted limits, then: (a)any�ucli loan charge shall be reduced by the amount necessary to reduce the charge f
<br /> . : . to rhe perniitted limit: and(b)any tiums already collected from Borr�nver which exc�:eded penniued limits will be refunded to �s
<br />� '' '� '- Borrower. [,cnder may choosc to make this refund by rcducing the principal a�ved under the No[e or by making a dimct ��`"`
<br /> _ , . ..:, .
<br /> -• _ .• . - payment to Burro�ver. IP :� refund reduc��+ principal, the reduction wiU be treated as :► panial prepayment �vithout any •--
<br /> . � �•Y� prep�yment charge undcr thc Note.
<br /> y i4. Notices. Any noticc to Borrower provided for in this Sccurity Instrument shall bc givcn by dclivcrinc it or by mailing
<br /> ,� it by first class mail unless upplicable law requires use of another method. The notice sh:dl be directed to the Propeny Address
<br /> or any other address Borcower designates by notice to L.cnder. Any notice to L,ender shall be �;iven by first class mail to
<br /> _� ` Lendcr's address statcd herein or any other a;idress [.�nder dcsignates by noticc to Borm�ser. Any notice providcd for in this
<br /> �_-�� Securiry Instrument shall be dcemed�o ha��e fiecn given to Borco�vcr or Ltndcr whcn gi�•cn as pruvided in this pangraph.
<br />;�f� . . 15. Governing La�v; Sei�er�bilIty. This Security Instrumcnt shall be �overned by fedcral law and the law of the �
<br /> _ , jurisdiction in which the Propetty is located. In the event that sny provision or d:evse uf thi. Security Instrument ar the Note
<br /> - rnnflicts with applicable la�c, such conflict shall not affect othcr pro��isions of Ihis Sccurit��Instrumcnt or thc Notc�vhinc�an bc ��
<br /> j � • given cffect without ti►e contlicting provision. To this cnJ thc provi�ions of this Security Instrument and thc Notc am declared
<br /> ' to be severable.
<br /> � '� . 16. Borro�ser's Copy. Bormwer�haU be given one conformed r.opy o1'the Note snd ol'thi,Security Instrument.
<br /> � Form 3028 9/90
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