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<br /> �r.:..��,�r.:..,L;s-: payments may no longcr l�c rcquircii. i�t thc o�atiun uf Lf°ndcr.if murt�a�;c in��uruncc covcra�;c:(in�hc amnunt and�ar 11�c �.rind
<br /> .'�=''"""' ' tl�ut I.cn�lcr rG�uir�s)provided by c►n insurcr nppK�vcd hy Lcndcr apain bccames uvnilavlc��nd is ahtnincd. Qorro�vcr sliall �ay
<br /> r�t.•:.
<br /> �--,�s,ti;' .,;
<br /> � ���,;pr� the premiums requiresi to maintuin mon��bo isuurance i�i effcc�,or to pruvide n loss rew�rve, until the ecquirement for mongage _
<br /> :�;:;,:t��.a�.;t.t;•:7::,� inyurance ends ir�accorJance v+itB nny writter� n�rcen�ent between Dorro�ver und l.ender cir npplic:�ble lu��. �+'�
<br /> �_,µ,�_^„_.,,.�.: R. Inspectton. Lendcr ar its ngcnt nmy ntakc rcasonablc entries upon und insp�,ctions of Q�c Propeny. l.cnder s6all�ive ---__
<br /> '�--=•- �'•• • • -� Uorrowcr noticc nt thc timc of or prior to an inspectic�n tipccifyinb reusanublc causc for thc inspcction.
<br />- _�W-,��.�.-��� _�'".°';:
<br /> � 10. Condemnation. 'Clie praceeds of u9iy nwnrd ur eiaim far dmnages, Jircct u� �unacyucnUad� �u c<�nncction�yith v�y
<br /> —=—'-�`��;:�;:'�° coitidcm�nation or athcr tnking uf;uiy part of!hc Praperty,ar for co�rveyancc in licu��f cundcmnation, i►rc hcrcby assigned .md _
<br /> :��:,i�e; c' - -
<br />.`' �:;:;��.::;.�'; shall b�paid to I.cndcr. --
<br /> --:����t"' In ttie event of a totnl taking of the Property, the proceeds shall be applicd to the sums secured by this Security Instnunent. ___
<br /> � tx�, '��z'.;. ... =-..-_..
<br /> _`:.�v,;�,�..,� �vhether or not then due, with nny cxcess paid to Borrower. !n the cvcm of a par�ial taking of the Propcny in ahich the fair ..--:----
<br />�'i'��`*��'-�� - market value of the F'roperty immcdiatcly beforc the t�sking is cqual to c,r greater th�n the amount of thc sums securec9 by this �
<br /> ,�...PR�,,:� � .. --
<br /> �--,� • Security Instrument immediately bcforc thc t;tking. unless Borr�wcr and l.cnder othenvi sc agree in writing,the sums securcd y _ -
<br /> .�.,.:�_ ;�;."�i
<br /> ..�,:.: this Securit [nstniment shall bc reducul by thc :unount of the prncccds mul�iplicd by the followi�g fractiun: (a) the to[al
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<br />- _ • .;;.�-,,�,, atnaunt of the sums securcd immediatcly before thc taking, dividcd by (b) the fnir market value of the Prope»y immcdiatc y �
<br /> �"�'�• '�f'�'�" ' before the t��king. Any bnlancc shall be paid to Borrowcr. ln the event of a partial tahin��nF the Pmperty in which the fnir
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<br /> '��"��'�-t-"'"{ ' mazket value of the Propeny imme,�iiately b�fore the tafcing �s less than the amount of the tie�ms secured immediately before the
<br /> �.-���-
<br />_- �;���"� taking, unless Bonower and Lc;nder othe�wise agrce in writiiig or unless applicable law otherwisc provides, the procceds sl�a
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<br /> ` '��'�"'r""' '�° �` be u I�ed to the sums sccured by�this Security inctrument whether or ncn the sums are then due.
<br />;.�.h�,,F:�:_ ., .,.; PP�
<br /> _� .�d •• �`,�•,��• If the Property is abandoned by Horrower, or if,after noticc by Lender to Borrower that tht condcmnor ot'fcrs to makc an
<br />:��3,�.�;,°�k.'. ;�::'�•.
<br /> .�;;.r:� , ;-� awa�d or settle a cluim for dama�es, Borro��er fails to respond to LenAcr within 30 days atter the date the notice is�iven.
<br />,.,,�„,,,�y��._, F Lender is authorized to collect and apply the proce.eds, at its option,either to restoration or repair of the Property or to the sums __
<br /> R � � secured by this Security Instrument,whether or not then due.
<br /> , �;y r,. lJnless Lender and Borrower othenvise agree in writing, any application of proceeds to principal shail not extend or =
<br /> acj,acr:� •. .
<br /> `;.rr�.r., postpane the due date of the monthly payments refcrrcd to in paragraphs I and 2 or cliange thc umount of such payments. —
<br /> "���:'���``� � I1.Borrowee Not Rcicasecl; Forbears�nce By Lender Not u Walver. Extension of►he time far payment or modification
<br /> �:•. :•.
<br />-�.�y?�7�•,��;�•,,P, ;. � of amortization of the sums securcd by this�ecurity Instrumcnt grantc.d by Lcndcr to any succcssor in interest of Bonowcr shall _
<br />-;�,,.`�;:.�;:�'.��?' nat operate to rcicasc thc liability of the ori�inal Borro�ver or Borrowcr's successon in intcrest. Lender shall not bc rcquired to _
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<br />::;'•_::.�.,t' commence proceedings aguinst any successor in in[erest or refuse to extend time for payment or athenvise modify amortizauon
<br /> --.ti�:.Y..; �': •_ ��i�� �um� �L;�! �� ►l,,� c,.���s��� lnctniment hy rcason of any demand made by the original Borco�ver or Borrower's
<br />`'��,,'=:�::i': ' successors in interest. Any forbearunce by !-.ender in exercising any right or remedy shali not be a waiver ot or preciude[ne
<br />•:�a�..••,:��r,.
<br /> .� �.�. . exercise of any right or remedy.
<br />:��^:�`,a"1'�t'�;�� ` 12. Successors and Aesigi�s Round; Joini and Severul Llabtlity; Co-signers. The covenants and agrecments of this
<br />"='�"' �"",°' Security Instrument shall bind and beneft thc successors and :assigns of Lender and Bonower, subject to the provisiom of
<br />-;k�`.• � ,..
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<br /> •'._,:-� paragraph 17. Honoµ�er's covenants and agr�ements shall be jnint and several. Any Borrower who co-signs this Security
<br /> `' ='���'''''����� ' Instrument but does not execute tlze Note: (a) is co-signing this Securiry Instrument only to inongage, grant and canvey that
<br />-'":..F:�}••'..•dh��a 4�t^Y��
<br />_,a�LL�,;;��,,,, [ioaowcr's interest in the Property under the terms of this Security lnstrument; (b) is not personally obligated to pay thc sums —
<br /> :v�,4��-,,°�'_..�.. -
<br /> secured by this Security Instn�ment;and(c) agrees that I.ender and any other Bonower may agre�to extend, modify, or ear or =�
<br /> _l�-���-:_-�-T make any accommodations�vith regard to th:t�rrns of this Securiry instrument or the Note without that Borrower's consent. �
<br /> -_'"-=�•�k�`'a:�+�� � � 13.T.oan Chsrges. If the loan secured h�y 2his Securiry lnstrument is subject to a law which sets maximum loan charges, �v
<br /> `... �.,.,. .. -
<br />''�y�-=3'�=��=� � and that law is finally irterpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> .:Sa?ma:.n�•' �
<br />_.�,,�r«r°,_�''`: � loan exceed the permitted limits, then: (a)any such loan charge shaU be reduceci by the a�rount necesssry to reduce the charge .._--.-
<br /> ;f..
<br />_ —:='"_.M„�,.,,,, to the permitted limit;and(b)any sums alrcady collected from Bc�rrower�vhich excceded pern»tted limits will be refunded to �_
<br /> �'"'z4"" "' Bono�ver. Lender may choose ro make this refund by reducing the principal owed under the Note or by making a direct -
<br />;:;it`��;,�n.�. .. ':-
<br /> uW���+��. payment to Borrrnver. lf a refund reduces principal, the reduction will be treated as a partia� prepayment �vithout any •�_
<br /> _.y'r��.�..
<br /> •�• prepayment chargc under the Note. ..'�'_
<br /> .�"�"+�,'=� �. 14.Noticcs.Any notice to Borrower providcd for in this Security Instrument shall be given by delivcring i[c+r by mailing •�_�_
<br /> �.:��i;,'_;
<br />`-�;.°;:-• :m it by fint class mail unless applicable law requires use of another rr�ethod. The notice s�all be directed to the Pro;+:rty Address `3F`
<br /> -_- . or any other address Borrower designates by noticc tn L.ender. Any notice to Lender shall be eiven by first class mail to
<br />- �-''" ' Lender's address stated herein or any otheff a�dress L.ender designatcs by notice to Borrrnver. Anp notice provided for in this -
<br />-", „... Secunry Instrumcnt shall be decmed to liave Gscn given to Borrawer or Lendcr when givcn as procided in this paragraph.
<br /> � 15.Govcrnfng L:►�v: Sevcrab[lity. This Sccuriry Instrumcnt tihall bc govcrneJ by fccicral law and thc la�v of the
<br />= � -_ . „ jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note
<br /> ' ' conflicts with applicable law, such conflict shall not 3ffect other provisions of this Securiry Instrument or the Note��hich ran be
<br /> �. ;;,.', . given effect without the conflicting provision. To this end the pmvisions of tiiis Security Instroment and the Note are declared
<br /> � � to be sever.ible.
<br /> � 16.Borrower's Copy.Bono�ver shall be given onc canformed cupy of thc Note and of this Securiry Instrument.
<br />' ,tiw�;- , Form 3028 9/90
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