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<br /> p�ymcnt��may no Inn�;cr bc rcyuired,nt th���ptiun uf'I.cndcr, if mon�;ul;c intiuran�r: �uvcra�;c lin �hc umuuut anil for thc pc��iod ;,�;;,
<br /> -7 �' • that Lendcr rcquires)providcd by an insurcr npprovcd Uy Lcndcr ngain bccumcs uv;�ilnhlc iind is obtaincd. [3orrowcr sliall p�y � _•_-
<br />__ � � �,��'�.� • t{ic��rcmiums requirecl to rnaintnin morigagc insurancc in cfPcct,ur to provictc n I�ns rc�crvc, until thc reyuircment fnr nmrtgagc .
<br />— :;,�� ,t� ;, .
<br />;�R>�.•. insurmuc cnds in accordance with any writtcn agrccrncnt hcnvccn Uorrotvcr:ind Lc:ndcr ur iipplirablc Ic�w. t,` —
<br />_ _ ,, 9. I�tSpettion. l.cndcr or its�gent mny mnkc rcasonablc cnt�•ics upoii .md inspcctions of thc Property. Lcndcr shall givc ..�
<br /> — � —.s�`�`�'c{'t•�'b! Borrowcr noticc nt thc timc af or prior ro un inspcctian specifyin�rc:is�nable cuusc for thc inspcction. �
<br />'•�.,. 10. ('nn�temntilta�n. Thc prncccdl��f any n�vard �u clUim for Jama�:cs, dircct ur cun�cyucntittl, in connection with any ' ,. �.�
<br /> _'�::;��';5��,��rY�;���� condenination or other tnking cif any part of thc Property, or for ronvcy�mcc in lieu of condcmnation, urc hcreby ussigncd and • — _
<br />" - sh�ll bc paid to Lendcr. `y ��
<br /> 5�.. � . In thc evcnt of n total tukins of thc Property,thc procccds xhull bc applicd ta thc sums sccurcd by this Sccurity Instrumcnt, ',. , _
<br />�;` whcthcr ur not thcn duc, �vith any cxcess paid to Barrowcr. In thc�vcnt nf a p�rti�il tuking of thc Prnperty in which thc Giir
<br /> n�•' -
<br /> �, •���� m;ukct valuc of the Property immcclintcly bcfnrc the taking is equal ta or grcatcr than tlu amount of thc sumti sccured by this
<br />-�' . 5ccurity Inslnmicnt immcdiAtely before the tuking, unlcss Horrower and I..cndcr othcnvisc agrcc in writing, the sums sccured by ' :—,��`_
<br /> = ' .'•• this Security instn►ment ,h;►II be reduced by the umount of the proceeds multiplied by the foUowing fraction: (a) the total °i�'Q
<br />= .� • amount of thc sums sccurcd immcdiatcly bcfarc thc taking, dividcd by (b) thc fair markct valuc of thc Property immcdiatcly
<br /> t�.��. bcfon thc taking. Any balance shnll Uc paid ta Borrowcr. [n thc cvcnt of a purtial taking of the Property in which the fnir � � ° -
<br />�- ' ' market valuc of thc Property immediately beforc the taking is lcss than the amount of thc sums sccured immediately beforc the f�'� ,�
<br /> :;, , takfng. unless Borcower and L,ender other.vise agree in writing or unless applicuble law othenvise provides, the procecds shull „'�:
<br />_ ' be npplicd to the sums sccured by this Sccurity Instrument whcthcr or not thc sums ure then duc. � • +�i f
<br /> ; ,: .;
<br /> '' If d►e Pr�perty is nbundoncd hy Borrowcr,or if, aftcr n�ticc by l.endcr to Borrrnver that the candemnor offcrs to makc an ''
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<br /> �, . •, • � uward or settic a claim for dumagcs, Borrower fails to respond tu Lcndcr wirhin 30 day, aftcr the datc thc noticc is given, "' �"�'.-�
<br /> " Lcndcr is authorizcd to collcct and apply thc pmcccds,at its option,cithcr to restoration or rcpair of thc Property or to thc sums �"��r� ,�
<br />�: ., sccurcd by this Sccurity Ins[rument,whethcr or n��t then duc. ~�
<br />. � " Unless Lcndcr and Borrower othenvise u rce in writin , un x lir.ation nf roccecis to rinci al shall not extcnd or ' ' • . , � —�
<br /> @ S Y �pP P P P. '°
<br /> postpunc thc duc dutc of thc monthly paymcnts rcfcrred to in paragraphs I and 2 or changc thc umount of such paymen[s. �'�
<br /> - , .� 11.Dorro�ccr Nnt Rcicused; forhaurnnce Iiy Lendcr Not u Wnivcr. Extcnsion oithc timc for payment or modification �+'U �Y��'�
<br /> • of amortization of the sums securcJ by this Sccurity Instrument granted by I.ender to any successor in interest of Borrower shall . `t� H R��,��'�
<br /> �� „ not operate to release the liability of thc original Borro�ver or Borrower's successors in interest. Lender shull not bc required to ,--
<br />_ • , commencc proceedings ngainst any succcssor in intcrest ur rcfusc to cxtend time for paymcnt or othcnrisc modify amorti�.ation -���
<br /> •�. ., of thc sums sccurcd by this Security lnstrumcnt by reason of any demand madc by thc ��riginal IIorrower or Bottower's �
<br /> ,,.:. ,
<br /> � ' -��- - .. ......... � ' . �...�..�� An�. fn�hn ���nnn hv ,.m{nr i nrnrricina •�nV riaht ���rrmrdv ch:dl not he :� waiver ot'nr nreelude the � . . ��Y
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<br /> cxcrcisc of nny right i�r remcdy. �
<br /> 12. Successm:s �nd Assigns Bound; J�Int nnd Severul LInbU(ty; Co-sig�qen. The covcnsnts und agrcements of this y r
<br />�: � , �� • Security Instnimcnt shall Uind and benefit the suceessors and assigns of Lender and Borro�ver, subject to the provisions of `;,�.. .: ��
<br /> . ' plrngraph 17. Bormwcr's covcnants and agrccments shall bc joint :snd scvcrnl. Any Borrowcr who co-signs this Sccurity ,�,,,�
<br /> ; - ��,;.%�. Instrument but does not execute the Nota (a) is co-signing this Security Intitrumrnt only to mortgagc, grant and convey thut •�" �
<br /> Borrower's interest in thc Property undcr thc ternis of this Sccuriry lnstrumcnt: (b) is not personally obligatcd to pny the sums `
<br />.,,. _s',
<br /> ' ' sccured by this Sccurity Instrumcnr,and(r)a�rces thut Lender and any othcr Bnrrowcr may agrcc to cxtend,modify, forbear or . - •
<br />_"', � �,,,,,, make iiny accommndations with rcgard to the tcnns of this Security In,truntent or the Note without thnt Borrower's cansent. ' ' ,*�
<br /> _ . 13. Loan Char�es. if thc loun secured by this Securiry lnstrument is subject ro a law which sets maximum lonn churges, I `h�,
<br /> .� •� , nnd that law is finally interpreted so that the interest or other loun charges collected ur to be collected in connection with the
<br /> t� -. � ; " loan exceecl the pennitted limits, then; (u)any xuch lo�m charge �hall be reduccd t�y the,unount necessary to reduce the charge �• ���v.
<br /> �`' ' ro thc perniittccl limit; und (b) any sums :dready rollectcd fmm Bor►�iwcr whinc�xrccdcd permittcd limits will be rcfunded to
<br /> F. � Borrowcr. L.cndcr may chuosc to make this rcfund by rcducing thc principal uwcd undcr thc Notc or by making a Qirect �� " *\ =
<br /> � �p payment to Borrower. If a refunJ reduces principal, the reduction will br tre.ated as i partial prepayment without any � � , :
<br />-� ���,��,�: prepnyment chu�ge under thc Note. • "`�
<br /> y'.'• �• 14.Notices. Any noticc to Dorrower providcd for in thiti Sccuriry Instn�mcnt shall hc given by delivcring it or by mailing I' ''' %`d`�-,�,
<br /> =� it b first clnss mail �mlcss a lirablc Ic�w rec uires usc��f�mothcr method. Thc noticc ,hall bc dirccted to nc�Pro crt Addrcss �t
<br />_� Y Pp 1 p y ;;.`•.,
<br />�;;, , � •� or any other uddress Borrower dcsignates by noticc to Lcndcr. Any rniticc to L.endcr shall bc given by first class mail to I „ .�,
<br /> r Lender's xddress stated herein or any other address lw:nder designates by notice to Borrowcr. Any notice provided for in this I .� C\ �:
<br /> Sccurit Instrumcnt shall bc decmcd co havc heen ��ivcr to Borrowcr or LcnJer whcn •iven as rovidcd in this ara ra h. � ;; '
<br /> � ., Y o b p p' S p �,s•
<br /> ' 15. Governing La�v; Sevcrabillty. This Sccurity Instrumcnt shall bc govcmcd by fcdcral law un d t hc law o f t hc °r
<br /> ,i jurisdiction in which tltc Propcny is IocateJ. In thc cvent th.it uny provision or cluusc of this Security Instrumcnt��r thc Notc . " •,�.
<br /> - contlicts with applieable law, such conflict shall not affect other provisions of this Security Instniment ur the Note which can be „ .
<br />. ; � �iven effect�vithout the conflicting provision.To thiti cnd the provisiuns uf this Sccuriry Instrument and the Notc are declared - _
<br /> �� � � ° to bc sevcrablc. . �
<br /> , 16.Borrowtr's Copy.Bi�nowcr shall br givcn unc confomicd copy��f thc Notc and��f this Sccuriry Instrumcnt. �
<br /> .- " Form 3028 9/90 � "
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