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<br /> : ." .. p.rymcnts Anuy no Inngcn c�rcquircd, nt thcc�pii��n ni I.cndcr. if manga�c iu5uraiirc covcra�c Un ihc mm�unt imd fnt•Ilic perliid ��--.;�`�_,:JUr,:,_-^
<br />'�r •� " ' thu� l�:ndcr rcqufr�sl pr��vidc�J Ny un intiurcr appruard by i.�ndcr n�tain hcaoi�ics�rvailuhlc��nd is ohtafncd. Dnrr��wcr shall pay ���;--_
<br />_��, . �,,;:s°.:,._�.:_�,.---
<br /> „ �hc prcmlum�,r�quircd t��malmi�in nwrt�:.i�;c in+urnnc�in cl'Icc�,w•tu pn�vidc a Insy rescrvc. umil thr roquircmr.n�for m�n�agc +w�-;=�,.---,,.
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<br /> _ insurintcc ends in uccardnncc wiili nny w�iucn ngrecntcnt hctwecn porrmvcr t�nal l.cndcr ur npplicuhlc luw. �--
<br />�-'Y�' :` „ 9, 6tsptYUon. l.cndcr ur i�s agcnt may makc rca,onablc cnn•ics upoi�and inspcctions �if thc F'ropcity. I.cndcr sl;nll�ivc R��--..-
<br />-• ' Ciuuu�vrr nulicc nl Ihc:limc uf ur priur l�� an iu.p�:cliun.prcifying�cu+un;tblc:ruu+c fur lLe iu,pnc[iun. �-.<,-°:_.��:-'s.:v
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<br /> ��p , 10. Condemnutliu�. 'Phe proceeJs u(uny invard or cluim for damages, dii�:ct nr cansequentiul, in co�u�ection v�ith mey _ ____
<br /> .• •_ � condenm,Uion or uther taking oF any part nf tlie Prnpeny. or for rnnveyanre in lieu��f condemnution. are hcreUy assigned and ���,�.______�-
<br /> �, . sh:�ll bc paid ta L.cndcr. __ _--- -
<br />- �, In the evem��f a total tnking nf the Praperty,thc prorveds shall be applieci to the sums secured by this Security lnstrument. �`mm-- -_
<br /> , whcthcr or not tticn duc, �vith any cxcctis paid to Borrowcr. In thc cvcnt c�f ae partia! takin�; of thc Properiy in which tlic fnir --_—_---
<br /> . , market valuc of Qic Prop�rty immcdiutcly bcfittc thc taking i�.yual tu ur�rc:itcr than thc aniuunt uf'tlic aum.; :�ecu�rd�y d�iti �--- --- -----
<br /> - _ _ _ _
<br /> .. Security Instrument immcdiatcly bcfo�e the[skin�,unlc:;s Borcrnver and Lcnder othenvise agrec in writing, the sums secmrcd by _—_
<br /> ° , this 3ccurity Ins[rument shall be rcduced by thc amount of thc proccccis multiplicd by thc fullowing fractioa: (u) the tatal ___.
<br /> - . amount of the sums secured immediately beforc thc taking, dividcd by (b) the fair markct value of the Prope�-ty immediately -=-=�—_— ----
<br /> before thc taking. Any balancc shull bc paid to Bnrrower. In the event of a partial taking of the Property in �vhich the fair ---- ___
<br /> ; market value of thc Yroperty immcdiately beforc the takin�is Icss than the amount of the sums secured immediately bcforc the �
<br /> 1 takins, unless Borrc�ver and Lendcr othenvise agree in writing or unless applicable law othenvise provides, the proceeds sh�ll _
<br /> � ° =- .
<br /> t be applied to thc sums secured by this 3etiurity Instrument whethcr or not th.�sums arc then due. �.
<br /> :. • If the Property is abandoncd by Borro�vcr.ar if, after notice by L,ender to Borrowcr that the candemnor offers to make an ---
<br /> award or sMNe a claim for damagec, Borrower fails tn respond to L,ender wi[hin 30 days after the date the notice is given. �i*�'-----
<br /> �°'...:-
<br /> . � � Lender is suthorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums
<br /> secured by this Security lnstrumcnt, whether or nat thcn due. ""-
<br /> _ � `--
<br /> Unless Lender and Borrower othenvise agree in writin�, any application of proceeds to principal shall not extend or ----
<br /> postpone the duc datc of thc monthly payrncnts refcrced to in paragraphs I and ?or cha�igc the amount of such payments. ���i�--�
<br /> ' 11.Borro�a•er Not Rele�.sed;Forbeui�►nce By I,ender Not a Waiver. Extension of the time for payment or modification .:�:
<br /> of amonization of the sums secured by this Security Instrument granted by L.ender to any successor in interest of Borrower shall , �
<br /> not uperatc.o rcicasc the liahility of thc original Borrowcr�r Borrowcr's successors in interest. L.endcr shall not bc required to �� '
<br /> commence proceedings against any successor in interest or refuse to extend time for psyment or otherwise modify amoRization ��?�
<br /> _.,
<br /> of thc sums secured by this Security Instrurnent by mason of any demand mlde by che original Borcawer or i3orrower's `` =
<br /> successors in interest. Any forbearance by L.�:nder in cxcrcising any right ex remedy shall nat be a waiver of or preclude the '
<br /> , exercise of any nght or remedy. �R�
<br /> Ix. Successors and Assigns Bound;Joint and Several I.iubility; Co-slgners. Thc covenants and a�rcements of this °t�'
<br /> , Sccurity Instrmnent stu�li hind and bencfit thc succcssors and assigns uf Lender and Borro��er, subject to the provisions oF
<br /> paragraph l7. Borrower's covenants and a};rcemcnts .haU be joint and several. Any Borrower who co-,igns this Security +
<br /> „ Instrument but does not execute the Nute:la) iy co-signing this Security Instrument only tc� mongage, grant and convey that
<br /> Qrnrower's intcrest in the Property wider the tcrms of this Security Instrunient;(b) is not personally obligated to pay the sums � �'�.tii
<br /> • sewred by this Security[nsttvment: and (c)agrces that L.ender and uny other Borrowr.r may agrce to extend, modify, forbrar or '
<br /> mdke any accommodations with rcgard to the terms of this Securiry Instrument ur the Note without that Borrower's consent. °*�";- �
<br /> ,� ,,_
<br /> 13.Loan Charges. If the loan secured by this Security Instrumenc is suhject to u law which sets maximum loan charges, �•�-•`�� �"�`�
<br /> � � and that law is finally intemreted so that ihe intcrest or other loan charges colle�ted or te�he rullected in connection with the :`s�;� �
<br /> " , loan exceeJ the permiued limits, then: tu)any,urh loan rharge,hall be reduced hy the amount necessary to reduce the charge � , �,
<br /> ro thc permitte�i limit; and (bl any sunis alrcady coUccted from Borrower which cxcccded perniittcd limits will be refunded to ��' f� �,
<br /> ` Borrower. Lendcr m:ty chuu�e to makc this refund by reducing the pnncipal owcd undcr ►he N�ne or by making a direct
<br /> paymcnt W Borrowcr. If :� ref'und reduccs principal, thc rcduction will b�� ircatcJ as a partial prcpaymcnt witttout any �
<br /> r�
<br /> prepaymcnt rharge under the Notc. , r:
<br /> � „ l4.Notices. Any notice to Borrower pro��idcd for in this Scruriry In�trument shall be given by delivering it or by mailin€ `R. $,
<br />__r it by first class mail unless 3pplicablc lav►�requires use��f an�ither meth��d."I'he notice tihall bc dircctcd to the Property Address , ',
<br /> -b� or any othcr address Borro�vcr dcsignates by noticc to Lcndcr. Any naticc to LenJer tihall he givcn by fint class mail tv - �
<br /> ' ' Lender's address statui hcrein or any othcr address Lc.ndcr designatcs by niiticc to IIorro�ver. Any notice providcJ fur in this �
<br />- � Security Inxtrument shall be deemcd to havchc:cn given to Borrowcr or C.cnder when given as providcJ in this pxragraph. I � �
<br /> 15.Guverninfi Lu«•; Severnbility. Th9s Securiry Instrument shall be governed by Fedcral law and thc la�v of the I ,, "
<br /> jurisdiction in whid� thr Property i� Igcutal. In the c��ent that any prmisivn��r clause c�f thi,Securiry Instrument or the Note I
<br /> � conflicts with applicable law,such contlict shall not affect other provisions i�f this Security Inatrument ur the Notr�shinc �an he
<br /> givcn effect without the conflicting pravitiion. Tu this end thc provisions nf thix Sccurity Inctrument and thr Nutc are drelarcd I
<br /> „ ' •. to bc sevcrab(c. �
<br /> 16.Borro�ti•er's C��p�•. Borrower tihull be given one ranfc�rmeJ ropy��f ihe Note cin�uf this Srcurity lntitrument. j
<br /> Form 3028 9/90 I
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