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<br /> �► mcnt,m,i tw lun cn c�rc�uireil. ;d thc u iUun uf Lcn�lcr, if'muit��a�c lie�ur.u�cc cuvcr.i � lin Il�c:ut���uut uu�l(m•tlic riuu�l � .�'!,
<br /> I�Y Y G' 1 1 � t.� !•' 1 ' •
<br />= �. that L.eiidcr rcquiresl pr�rvidccl hy an insurcr nppmvcd hy I,cnder iiZ;;dn hecumcs�ivailublc und iti��btnined. Ilnrrawcr sh��ll p:ry . . °
<br /> ;:-',.•:�n:�: : thc prcmlunts rcyuired tu maintnin muri�;ayc imcurancc in eff'cct, or to pravidc n luss rescrvc,until Q�c rcqulrcmc�il G�r mnrt�;n�la .. ' ' : :r�
<br /> �. ��` "'`.. Intiurmicc ends in nccnrdanc�wilh n»y wriUcn agrccmcnt hctwccn Nurrowcr�md l.cndcr or iI�1�7IICf1IlIl'Ii1W. ' t �. ��v''�l``"
<br /> s.�:..�:.�s_,_r.i:�:.�, 9. InspecOlon. l.endcr ur its rigent m;iy makc rcusoni�blc entrics upnn and inspcctions of tlic 1'r��perty. I.endcr shaU givc .�_.:i�.�':.`.=:
<br /> -.•,�,~...,,;..-0�,+n� , r-;:n-�;°_.-
<br /> ., flurrnwcr nnticc nt ihc timc of ar prior to an inspcction tipc:cifyfn�,rcusonubic causc for thc inspcc!inn.
<br /> -- _ 1(➢. �IIi1tIC'81iiUQI1111. Thc F�rucccJ� uf;u�y ,�w.�r�l ur cl�iini li�r damagc:,. Jir�cl ur �unticyucnlial. in cunn�cllun wUh any �?,. �� •1 � - -_. —
<br />�„'•`�r sa,,v 8' �.k:,� � � �:'� .:.I_4�,Y%�s�;:�ec,
<br /> -- - �..� cnndcnmution oc othcr takinb uP any p;itt of�hc I roperty, or for cutrvcyanrc in licu uf condcmn,itiun, urc hcmhy as��il�ncd und
<br /> .:., .,,.,`
<br />"'1 ' . shall bc paid to Lcndcr. . . ' _ -
<br /> . I�i thc cvciit of a totul takin af thc Pro crt ,thc �mcccds sh,Ql hc.� licd t��thc sums,crurcd h thiti Sccurit Insuum�nt. .,,..,�. �''�•
<br /> - S P Y I PP Y Y w�.. -
<br /> ' �� � whether or nnt then due, with any excess paid tc� Harrawer. bi the event of;i partiul tuking of ilic Pruperty in wl►ich the fnir , � ���„�';�_—_
<br /> markct valuc nf'the Pm crt immcdiatcl hcforc die tukin is ec uul to c�r •rcatcr than thc aimount of�hc�ums sccurcd h thiti � 'at ' -
<br /> -r:.. , �. �. . P Y � Y S�• I b Y ._. .:.-tr;.
<br /> , Security 6istrument immedintely before the ti�king, unless Dorro�vcr iind I.endcr othenvise ngrec in evriting, the s►uns secu7ed by � �t__-°
<br />- • , this 5ccurity Instrununt shidl hc rcdu�cd by thc .imount of thc procccJs multiplicd by �hc following fractic�n: (u) thc totnl -� '''`�-�`����
<br /> . •• �...,..�,..
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<br /> � .��� umnunt of thc sums hccured immcdiutcly bcforc thc taking,dividcd by (h) thc fair markct vuluc of th;: 1'roperty imm�diately �'���#'�'�,�� �„�_ _
<br />- beforc thc tuking. Any balancc shall I�e paid to Borro�vcr. In thc cvc�u of a partial taking oP the Property in whirh the fair ' •��r•+r+:.' ; :'�'
<br />- � markct value of the Pro ert mimcdiatcl bcforc thc tukin is Iess thun thc amount of the sums secund immcJiatcl bcfore thc ��'��.:
<br />_ . P Y � Y E Y :.,i '�,,t;,;��-,_:
<br /> = •_ tnking, unless Borrower und Lendcr othenvisc ngree in writing or unlcss applicablc la�v othcrwisc pravidcs, the procccds shall •'•�'?4;��_'�_'"���:�"=
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<br />-� ' = be applied to the sums secured by this Security Instrument whether or not the sums arc:then due. � ��,;.::fa_,,.�„�-�._
<br /> • -_-- —,
<br /> -- . � If thc Property is abandoned by Borrawer,ur if, aftcr noticc by LenJer ro Borrower that the condemnor oC'fcr+to makc an " •�x==�':""�'°--'
<br /> �:--- .
<br /> • _� �, award or sctNe a cluim for damages, Borrower fails to responcl to Lendcr within 30 days aRer thc dute tlie noticc is given, ': •����--.
<br />_ ° I.ender is nuthoriced ta callect and apply the procecds, at its option, cither to restoration or repair of'the Properry or to the sums � ;,a;�,.�,--
<br />- secured by this Security Instrument,wl�ethcr or not thcn duc. "�'°`'-��R�
<br />- Unless Lender and E3orrower otherwise �gree in writing, any apNlication ��f proceeds to principal shall not extend or � � ��' :y�a: '
<br /> �.`�,��'�---
<br />, ., postponc the due datc of the montlily p.ryments rcfcrred to in parugraphs 1 and 2 or changc thr amount of such paymcnts. __--- -
<br /> 11.Burrowr.r N�t Relwsed;Fa�be.�rnncc liy I.ender Nnt u Wniver. Extension of thc timc for paymcnt or modifica!ion �`�ri"�'���j
<br /> ::�h'_ --.--
<br /> " of arr�onization of thc sums securcd by this Sccurity Instrument granted by[.e�ndcr to any succcssor in intcre,t of Horrowcr�hall ' ,-,�.._��
<br /> not operate to release the liability oF the originul E3orrower or Borrower's succe�tiors in interest. l.ender shall not be required to � ""`"'—'
<br /> . contmencc procecdings against any sucressor in interest or refusc to extc:nd timc ti�r puyment or other�vise modify amortizution �� ,�
<br /> �.;,=: ,
<br /> of thc sums sccured by this Security Instrument by rcason of any demand madc by thc originul Dorrowcr nr Borrower's ' '
<br /> '��,•_'' _ _, ;...� _ _
<br /> , - successors in interest. Any forbenrance hy Lender in exercisin�! any right or remeciy shull not he u waiver of or preclude the
<br /> ,�-��.4 �xcrcise of any right or remcdy. i` �
<br /> • 12. Successors und Asslgns Bound; Joint und Severul I.iubllity; Co•si�;ners. Thc covcnunts und agrccments of this ,
<br /> ,. � :;�,ti Security instrument shall bind and benefit the successon and cissigns of Lender and Borro�ver, subject to thc provisions of �
<br /> •- ;+�,:"� pariFraph 17. Borro�vcr's covcnants und ugrccmcnts shall bc joint and scvcral. Any Borro�vcr who co-�igns this Security
<br /> Gistrumcnt but dacs not cxccutc thc Notc: (a) is co-signing this Sccurity Instrumcnt nnly to martgagc, gr.int and convcy that
<br /> . � Borro�acr's intcrest in thc Pruperry undcr thc tcrms of this Sccurity 6istrumcnr (bl is not pcnonally uhligaleJ to pay tltc sunts ..r
<br /> sccured by this Security Instn�ment;and (c)agrecs that Lendcr and any othcr Borrower may agrce to cxtend, mndify, f��rbcar or . � `„ ., !
<br /> , • ��---�• ' make any accommodations�vith regard to the tenns of'this Security Ins�rumcnt�u[he Nnte without that Borrowcr's consent. ' ��� �� ��•'
<br /> ' " 13.Loan Cha cs If thc loan secured b this Securit Instntment is sub ect to a law which�ets maaimw�i loan char er ���;�'�
<br /> .,�. �"• Y Y J S �• : ,� .,
<br /> . and thut luw is finally interpreted w that the interest or othe� loan charges coUecteJ or to be callected in cunncctiun ���ith die �� •{�
<br /> _• �,t• • . I�an exceecl the permitted limits. then: (a)any such loan charge shall be reduced by thc umuunt nccessury to reduce the churge ,' '. '�.r '
<br /> -. ... :..,. � to thc permitted limit: and(b)any sums alrc��dy collectcd t'rom Borrowcr whi�h cxrc�ded permitted limita�vill hc rcfunded to � • . � �,
<br /> • , Horrower. Lender may choose to make thiti refund hy reducing the principal owed under the Note or by rnaking x direct . ''� ' �4, �+'" E
<br /> ..,. , .
<br /> payment ro Borrower. If u refund rec�uces principal, thc reduction will be trulted as a partial prepayment without ;my
<br /> " ` prepayment charge under the Nota �'.�.'��;
<br />-`s , � 14:Nutires.Any naticc to Borrowcr providcd for iu this Sccurity Intitrumcnt shall bc givcn by delivcring it or by mailing , � .i.�`�
<br /> � . it by first class mail unless upplicablc law requires usc of unother method.The notice shall be directed to the Property Address %=�
<br /> = 4)�'_:
<br /> = or any othcr address Borrowcr dcsignatcs by notirc to Lcndcr. Any noticc to Lendcr tihall bc givcn by firct clasx mail to °
<br /> �::�:
<br /> � � ; %; Lender's uddcess stateci herein or:my othcr address Lcndcr designatcs hy noticc to Borrowcr. Any noticc provided ti�r in this .# •,•,
<br /> _ ..�.;:;• ;'. Securily Instru�ncnt shall bc dccmeJ w havc becn given to Borro�vcr or Lc.ndcr+vhen givcn a.pti•o��idcd in this par.igraph. „ �
<br /> �� ; � IS.Govcrnin� Linr•; Sevcrabil(ty. This Sccuriry Instrument shall be govcrncd by fccicral la�v and thc luw ufthe , ��°
<br /> � ' S'.� jurisdictinn in which thc Propetty is lacateci. In the event that :my provision or cl3use of thiti Security hiserument ��r the Notc ��
<br /> • -1
<br /> -• • ; .��,., conflicts with applicablc law, such conflict shull not uffect other provisions uf thiti Security Intitrwncnt or the Note which ran be ,
<br /> � given ef'fect without the ron8icting provisimi. To this end the provisions of tlii.r• Scrurity Instrumcnt and the Nc�te are dcclared ' �
<br /> � to bc scvcrablc. '
<br /> .� *
<br /> ? 16.Borrn�ver's Copy. Burrower+hall be given onr ronfonned copy ot'the Note and of this Security Instrurncn[.
<br /> � Form 3028 9/90 I J •�
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