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<br /> paymrnts cnay un Iong�r h;re�uifed,a4 t8e a�ian of�der,if ramrFgagc3 isssaiaaoe oa{��tin.tf�a�ui:�t uriti fos tP.�.� � ,
<br /> tt�L�ex requires)pmv�i�i[ry an insurer agpmved by Lern�nr a�ain 6ecom�s avaiiabte afid is a�taIe�c9.II�:rux�shai3.�Y
<br /> < �.p�,���p m,in Ai.►�p��agg 3�ae2�s�in eff�t,at to pmvid�a luss reseNe.tjnlil the:�riretustlY ft�r t�Ortgsge
<br /> � es.,��ura�ce ends in a�daaa�.witIi any wt�tt�n agreaa�eAt bEm�een Borrodr�r and Lenckr or ag�,'ic�bl�iaw. ��
<br /> ` 3.I�oa.Lead�or its a�t msy make reas�abt�e�td�s u�nn aa�insgsx�os�s af ttcc Frage�ty.CrenGes shnll givc
<br /> . �um�rr2z aotiee st ths ti�nn o�or�priar to aa i�as-gectioa sg��ring reESOna�sl�c�n..�e faz v�6�ias�to��.
<br /> ,, YU.Cond�nai€u�. 't7�e paoc�eeds of arry'aw�1 ar elaim far damsges,dir�t or co�uent�.iu e�a�cticm c�th affy .;
<br /> �er�nation oz other taIdc�g af any part of the Pro�t}r,oi�'o�pnveyanc��a lIe�s�of cnni2r.�tlon.are,h�re�►as�gnttl tad
<br /> s�3i ts��ai�tt►Y��. . . . . . , • �. , � . — �-
<br /> in the event af a totaE takia�of ttte Pm�rty.the praoeed�i sbaLl bs appiied to thz s�s secur�d by this;SecuTity YAS�nt,
<br /> _ whet�r or Qoi Wzn due,w�th nny exc.+�ss paid to Borrower.In th�eveui of a partial talang of 4ke Prop�1.ia wlai�b d� fair � . �
<br />. . market vaiue of tI�Pmperty immed'iat�Jy before the tak�g is equal to ar gne�er than t6e amount of the sur�s�ecuted by ihia•
<br /> Se�uity 1q_ctrumen�imiri%4s;a!?Iy befoFe the tal�tg,um2ess Eorroaer�1 Lreuder otheia+ise aszee in writing,the sams s�bq
<br /> this Seauity Iu�u�ent shall be redu�ed by ihe ama�3 of t�e preoee�s rmittipfied by ti�e foltowing�on:(a)it�total • �
<br /> a�ount bf tbe sums seaued i�ediaieSy befoie the tatdng,divided by(b?tbe fair market walue of tbe Freperry�n,�iatPry .
<br /> before the taIang. Any balance shall 6e paid to Barrowet.In the event of a.part4al taking of the Prarpert�,t in wUish Nc f�r'
<br /> mazkei vaiue.of the Fmpeety i�ediatcly 6efare the ta�ng is less thaa che amonut of the susns seQnr+ed immediat�Iy 6sfo�tbs
<br /> . talang.aatess Borrower aad�athenvise agr�in writing or u�.tess app�c�bie taw atherarise prisvid°s.the Sroc�ts shali
<br /> , be apglied w tfle s�uns s�by this Seciuiiy Instrmurut whether or IIoi the sums are tGen due. .
<br /> If the Pmgerty is abandoned��F.�mnwG�.ar ff.after natFoe by Lender to BorroWer that the., '.{,a�r o$ers to m�ca an
<br /> awatd or seute a ciaim€os damages,Bt�:ac��91s�w r�spond ta Ieader within 30 days aftei:Li��i�ate We,notice�is givcn, �
<br /> . `Leatder is anthori�d to culiecx aad a�piy th� :.pru'�ds,at its apiion,either to�storation¢i cepair of t3�Pragerty or to t�e stuns '
<br /> seas�by this Security Instcuraent,ar&et�ar or nai tlu�due:.. � ;;' -
<br /> ' YTc�less I.ender and Horrotivet otherwfise ag�ex in writic�. anY aPPlicatlon of prrr�s f�psins3pal s6all not exDend or
<br /> ' postpone the dae date of the monthty pay�uents c�to in paragrap5s 1 and 2 or change the,amniint�f s[afi paym�ms. _
<br /> ' il.Barrawer Not 8eteased;Forbearaas��IIy I.enderNot a Waiver.Extenssian of the 6me far pay�nent ot madiffcation
<br /> of amort�ation of the samg secur�by this Security I'nsm�ment g�aated by i.ender w aay suuxssor in interest of Basower shalt
<br /> unt operate 4o rele3se the liability of the nriginai Borrower or Bosrowerls successors ia inieres�Lxader shaU noi be req�iret3 to �
<br /> . comqaeusx pmcxedings agaiast any suocessor in interest or refase to extend tune for p�u�at or otherwIse mbdify amortixarioa� �
<br /> of the svms secared by this SeauIty Instmment by reaso�nc-of aa��rid made 6y+i�.±� origiaat Borrowes ar Borrpwer's �
<br /> suoccssors in interest.Any forbe.azance by Lender in exencisiag aay�.�tir remedy shall not 6e a waiver of or preelude tIIe '.
<br /> exercise of aray r�ght or remedy. • � .
<br /> 12.Saacesso�and Assfgm��Bonnd;doiut and Sec¢�LlabIIity;Co-signers. Tlie covenanis aad age�ments of t6is '
<br /> g�ty tncrmme±n sha11 bind and bene6t the successors aud assigns of l.end�r and l3u�iower. subject to the pravisions of
<br /> paragraph 17. Borrower's cavenants and agreements shaA be joint an�several. A�•�orrower who co-sig�this Secariry .
<br /> r�,.cr��ment but does not execute tt�e Note:(a) is co-signing this Securin Iastrnmeni onty to mnrtgage,grant and convey that ;;
<br /> Boaawer's jnnterest in the Property under the terms of this Security��;@)is not peasonaUy obllgated to pay the st�rs
<br /> secuied by this Securiry Instrument;and(c)agees that Lender and any othet Borrower�:u agree to extead,awdify,forbear or
<br /> ' , mage any accommodations wt[h r+egard to the tetms of this Security Instrument or the Nci:e c++ithout thai Bosrower's consen�
<br /> 13.Lnan Chu�es.If the loan secured by this Security Instivment is sub}ect to a f�»which sets maximum loaa chaiges.
<br /> and that law is finally interpreted so that the interest or other loan charges calleixed or to be co11e��1 in oonnedion aritly the :.
<br /> toan eace�d the pa�-.itted limits, then: (a)any such laan eharge sd�all 6e reduced by the amaunt�ee�..ary to redu�tfie charge
<br /> to the g�rmitted t.tedz;and(b)any sums already coltected fmm Borrower y�hich ex�eded pe�itted 1'units will be refunded to
<br /> Barmwar; Leader may choos�a� tnak�this refund 6y redsc?.:ag the principal owed.um�s the Note or by maYing a diract
<br /> pagrme�ve to Bonower. If a re�i reduces pr3ncipal, the r�rvction will 6e aeated s�s 'a pardal prepayment without.any
<br /> piepayznenl charge.�er t6e Nots. •
<br /> • E4.Kodce9.Any notice to Borrower pmvided for in this Security insuument shall be given by dr�.iverLrg it or by maillng
<br /> it by fiist class mait un2ess applicable!aw requires nse of another method.The notice shat��be directed to the Property Address
<br /> or any other address Barrower designates by nqtiae to Lender. Any notice to Leadec rl�all be given by fin-t class mail to
<br /> L�enQe�'s address stated hereln or airy other addmss I.ender designates by notice to Bonn�arer.Airy notice proYided for in this
<br /> •Security Instrument shatl be deemed to have 6een given to Borrower or Lender vrhet},�iven as provide�l fln this paragraph.
<br /> 15.Governing Law; SeverabSlity. This Security Is�swment shall Le govemed by federal !aw and the taw of the
<br /> jurisdictioa in which the Property is locnted. In the event ttiat any provision or clause of this Security Iaswment or the Note
<br /> conflicts witb appli�+ble law.sudt Gonfl4et shall not oflFect odr�.°r pravisions of this S�ty Instnunen2 or the Note whlch can be
<br /> given effect.without the canflicdn�provision.To this end tl�e.�nrovisions of this 5ecurity inswment and the Nate are declared �
<br /> � to b�e severab2e.
<br /> 16.Borrower's Copy.Borrower shall be given one conformeA oopy a�'the Note and of this Security Instrument.
<br /> fmm 3d'1.8 8/90
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