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<br /> _-`W.,"��'��Y rr�.• 'layments may nn lun�;cr bc requircd.tu tiic option oS'i.ci;,�.r.if mortga�c iinur„ncc a�vc��agc (in thc nmount and for thc period l' '
<br /> �'"�=�'�'���";:' Q�cu I.endcr rcquirc�) provldcd by ain in�urcr nppeoved by Lendcr ugziin bcromcs uvnilublc and is obtnined. [3orrowcr sh�il pay ' �
<br /> mm:���� ,
<br /> a..;y«_r;'•�" �,,�?..r... the premiunts requircd to nmintain ntort�tige insurancc in cffcct, or to pravlde a loss resc�•vc, until the rcquirc�ucnt for mongnge -;x,'
<br /> �--�_��'"-'r'b+�y� insunuicc ends in accorclnnGC with any written i�grecment benvicen Bormwcr aiid L+c�ider ur npplicablc Inw. �„;..
<br /> -.-:.,���.�w=.p �l. I�tspectlon. C..cndcr or its��gcnt ntay makc reasonablc cntrics upon und onspcctirnis of thc Prci�crty. l.cndcr shull �;ivc �''��
<br /> "".�;:;;��;,� Qor��uwcr uud�c at tl�c tluic uf ue prinr to an inspcctiun spccifying rcasonablc causc f'or tl�c inspection. F;.!•�
<br /> __ �n•..
<br /> �=— 10. Coudemnntlon. Thc pr��ccccis of any awnrd�r clnim for damagcs, dircct or conscqucntial, in conncction widt any ,��
<br /> "�1���' condernnutinn or othcr tnkin oi'an �rt of the Fro en or for conve ance in lieu of condemnntion, are hereb
<br /> _:';,, ,,,"7°� � R Y p' P Y� Y y atitilgnCd nnd .
<br /> -��y��i?" v t: shnll bo paid to I,cnder.
<br /> ' •�-, In dic cvcnt of a totul taking of thc Property,thc procculx shall bc applicd tu du sums sccurcd by this Sccurity Instrumcnt,
<br />_��_a�j;,�`•";�Y�•�� whethcr or nat then duc, with any cxccss paid to Borro�ver. In the cvent of s�purti�d tuking c�f thc Property iu �vhich thc fair '��^
<br /> --- ` ���1 ' market valuc of thc Pro cri immcdiatcl hcforc thc tllcin is c ual to or rc.3tcr thnn thc amount of thc sumti accurcd b this
<br />������;�y� �::; P Y Y S N ' S Y �, ,,.
<br />--"�°"�.•�s�•�s Sccurizy Instrunient immediately Ucfore the tuking,unless Borrrnvcr und l.cnder uthenvisc ngree in writing, the sums secured by -°
<br /> -��",'-r-•rv.�. .��'
<br /> ��" ��'��.�;�<<'�`. this Sccurity Instrument shall bc reduccd by thc amount of the procecds multiplicd by the fallowing fraction: (u) the total '�,;�
<br /> __,;��� .:•:�• •` -
<br />=�;1..,,,.,,.,�..,�,..�, nmount of the sums secured immediutely befare the taking, divideci by (b) the Fair market vuluc of the Property immediately
<br /> •t� ti«a before the taking. Any balancc shall be paid to F3orrower. In thc cvtnt of a partial taking of the Property in which the fuir t �
<br />�""'u.`'�'' �' market valuc�of the Pro ert irnmediutel bcfare the takin is Icss thun thc amo�nt of thc cums sccurccl immcdiatcl bcforc thc
<br /> :�,.[-SL� + P Y Y B � Y
<br /> _=_�?:;'�'�;3°.�r?. takiag, wdess Borrower und Lender othcnvise agree in writing or unless applicablc law othcr�visc prrnides, thc proceecis shs�ll _
<br />_:�'��i::�.,.;=f:+�'�r` be applie.d to the sums secured by this Securiry lnstrument whether or not the sums are then due. _-
<br />—�:;r,'�t`':�'��:�;"•' If the Aroperty is abandoned by Barrower, or if,after notice by L.ender to Barrower tht�t the conciemnor offers to make an �: .�;��
<br /> " � ` ` award or settle a claim for dumages, Borrower faits to respond tn Lendcr within 30 days aftcr thc date the notice is givcn, �
<br />-��+-�-�'-�°�_�_.., Lender is authorized to collect and Apply the procccds,at its option, cither to restoratinn nr repair of the Property or to thc sums ..�°-
<br />, .�Y{�l,n�.�t'�i�,i,r':; .•.
<br /> - , . . � securcd by this Sccurity Instniment,whethcr or not then duc.
<br />=,,.`�;�T�:„;f�;..�•.- Unlcss Lcnder and Borrower othcrwise ugrce in �vritin�;, any application of procccds to principal �hnll not extcnd or •-
<br /> - � . � ��� postponc thc due latc of the monthly payments rcferred to in paragraphs I and 2 or change the amount of ruch paymcnts. r. :
<br />�'��' ;' � `'r"'� 11.Borro�ver Not Released; Forbetirance Dy I,ender Not u WAiver. Extcnsinn of thc time for payment or modification ��
<br /> . . .
<br /> - . , .�_=u � of amoai�ntion of thc sums securcd by this Security Instrument grantecl by Lcndcr to uny succes�or in it�terest of Borrowcr shall -
<br /> , • '�•'° not operate to rcicase thc liability of the original Borrower or Bormwcr's successon in interest. I.ender shall not bc required to _
<br /> ^ '' � '� commence qroceedings aguinst any successor in interest or refuse to extend tirne for oayment orotheivri,e modify amortiiz�tion ��`��1,,
<br />-'�: �•Y:-��.' af the sums secured by this secunty insn•ument by rcason of any ciemana macic hy tnc orig�nul Horrower ��r Hormwer's
<br /> . . succcssors in interest. Any forbeurancc hy l.cnder in cxercising any right or remcdy shall not hc a waivcr�if or prccludc the -
<br /> `_ exercise of any right or remedy.
<br /> : ' �1� . 12. Suceessnrs AIItI ASS��tlS Bound; Joint and Sevrrul I.labilitv; Co-sf�ners. The covenants and agreements of this `
<br /> . .:;��},•. Securiry instrument shall bind unJ bencfit the successors and nssigns of L.cnder and Borrower, subject to the provisions of
<br /> ,�,-.,��;�; paragraph 17. Borrower's covenunts and agrec:ments shall be joint and several. Any Borrower who co-signs this Security '
<br /> �.:;r,,,�ty.;_,.. : Insteument but does not execute the Note: (a) is co-signing this Securiry Instrument only to mo�Ye,iee. nr;int and convey that =_
<br />-���.,�;��u�,�:,�s'�. , . Rorrowcr's interest in the Property undcr thc[crms of this Securiry [nstrumenr, (b) is not personully abligatcd tu pay the sums
<br /> �;�:==:�.:�=�r •.� s�:cured by lhis Security Instrument; and(c) agrees thut Lender and uny other I3orrower m�y agrce to extend. modify, forbe�lr ar �
<br /> """�^'" makc an accommodutions with rc a�d to the terms of this Sccurit [nstrumcnt or thc Notc without that Borrawcr's conscnt.
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<br />�"'� � '� 13. Iw►n��Chur�es. 1f thc loan sccured by this Security [nstrument is suhject to a luw which sets aiaximum loun churges, -
<br /> -'•�'"".''�+"`"'� and that la�v is finnU �nte reted so that the interest or other loan char es collected or to be collected in connection �vith the
<br />:-:�i�,..�rs,, . ., Y � rP s• .
<br />�:::�R.::,r,.;:_ loan exeeed the permittal limits,then: (u)any such loan churge shall be reduced t�y the amount necessury to reduce the charge _
<br /> =Y�•�a:Y;u{. • to the permitted limir, :md (b) uny swns alruidy collccted from Borrower which excecded permitted limits wiU be retunded tn �.�
<br /> �'° • Borrower. Lender may chaase to make this refund hy reducing the principal owed under the Note or by making a direct ��
<br /> � � .A):... .
<br />-�,;;��;,:,.,;. • payment to Borrower. If a refund reduces principal, the reduction �vill be treated ux a partial prepayment without any
<br /> � prcpayment churg�undcr thc Notc. .
<br />_ ''��" � 14.Nutices. Any noticc to Bon•owcr providcci for in this Sccuriry Instrument shall be given by dclivering it or by mail3ng
<br />_ ' , it by first dass mail unless :jpplicable law requires utie of unother method.The notice shall be directed to the Prnperty Address
<br />_ • or any other address Borrower dcsignates hy noticc ro l.cndcr. �ny nnticc to C.cndcr shall bc given by first class mail to
<br />- � Lendcr's uddress stated hcrcin or any othcr address l.ender desiguatcs by notice to Borro�ver. Any noticc providcd for in this
<br /> Securiry instrumr.nt shall bc dcemed to liavc bccn given to Borrowcr or Lcndcr when givcn as providcd in tliis paragraph.
<br /> - ' 15.Go��crnin�; Lmv; Sevcr.►bility. This ScYUrity Insu•umcnt shall br govcrncd by fcJcral law and thc luw of thc
<br /> ::�� jurisdiction in which thc Property is Iocutcd. in thc cvcnt that .nry provision or cluusc of'this Sccurity Instrumcut rn• the Natc �
<br /> - cunflicts with applicablc la�v,such conflict shull not affcct othcr provisions of this Sccurity Instrununt ur thc Notc whic:h ran bc
<br /> givcn effect �vithout the conflicting provisiun.To lhis end the provisions of tl�is 5ecurity Instrument and the Note nre declared
<br /> to bc scvcrublc.
<br /> � IC.Ilorrower's Copy.Borrower shall be givcn onc confomuJ copy c�f the Note a�id of d�is Sccuriry Instrument.
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<br /> ;� Form 3028 9l90
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