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<br /> _�-'�— �',�, — , ' , _ �k4.�5t ti"'E.:��
<br /> � � . g� �.�.�236 . �
<br /> L �, a nts no lnnges be require�.at the option of L�nder,if mortgage insutance coverage(in the ammrat and for the period '���
<br /> :� � 1 '? ` P yme maY ' . .
<br /> �y'�'�� that�.ender requires)Provided 6y an insurer apgtoved by Lender again b�omes available and is abtained.Rorrower shal!pay �..;�
<br /> ��
<br /> �yi-��. w* ` T S'=�—
<br /> �, ti_, ,_t the premiums required to m.aintain mon�S����in effect,or to provide a loss resen�e.u�l the�requirement far�ortgage . `y' ;f•.. ,_.-
<br /> ��' = insurat�sc cads in 3ccordance�srith any written a�eement betweeu Borrower and[.encler or appiicable law.
<br /> � jY �£ s �. `.
<br /> 9.InspecSian.I:ender or its agent may make�easonable entries upon and impecaons of the Property.Lendsr shait give � � �~_. "
<br /> {��'-`�-�� gurrnwer�atice a�t theltIme of or prior to an inspearoa specifying reasonabie canse for the imspeMion. '
<br /> ;` ��'-
<br /> '��_'r"�; . iQ.Cond�csn�stioa.Thc proceeds oF any award dr elaim for damages. direct or consequentiaD.in connectian with any _
<br /> ;=l�,-�=�"; condemaation Qr other ta&ing of azry part of du P�vperty.or for conveyance in lieu of condemnation,are he�y assigped and '� ��a E�`�°Y�-
<br /> .m-;�� shall be paid ta Lender. � `.�,,,�.`�s� -
<br /> Ia the event of a totai taking of the Property,tbe Proce�ds shall be applied to the snms secured by this Secariry InsRmmen� �,�,':- �=-_
<br /> 1�,�_�. ' arhether or not thep due,with an3+excess paid to Borrower. In the event of a partial caking of thee Property in which the fair __ _
<br /> < w --
<br /> y. `„� � market valne of the Pmperty imme�liatety 6efore the taking is equal to or greater than the amount of the sums seaued 6Y this �� �..,
<br /> i _ # '�� _�--
<br /> j=�- - Security Instrumeni imsnediately before the taking,untess Boaower and Y.ender othenuise agree in wriring,the sums secured bY r:. ___
<br /> ��.� .
<br /> �_� this Se�urity Instrameai shall be roduced bY t6e amount of the proceeds multiplied by the folloaving fraction: (a)the total t;' .,�b��;�.
<br /> � < • . amout►t of the sams secured immsdiately before the taking, divided by (b)the fair market vaine of the Praperty itnuiediatelY . ,�__ _ -
<br /> t a .� ` . a �n wluc6 the fair -��--x--
<br /> �.,� . �before the,talcing. Arry balauce shall be paid to Horrower. In the Ei+ent of a partiel taldng f the Property� _ �efor�the � ___
<br /> "'',-. ' . market�atne of the Fruperty immediately�efore the talcing is tess than the amount of the swns secared iaunediately
<br />-;� ; . �.. ..
<br />�=°'-'==�'�-' t�g.anless Borrower and Lender ot6erwise agree in arriting cr unless appticabte law oiherwise provides,[he praceeds sha11 , �" �_�_:
<br /> _ .T r�, ,_ �`�
<br /> _ =---� T •-, ��, '.�_=
<br /> LL. �- --- - 62 aPPlied tb�the sums-secm�dfiy-this-Security�Inshvment whether as.n,ot.the spms,are then.due. . _. _ ._ _ ..,..__ --==,e.�.
<br /> , ;,t,;ar„ , ��-
<br /> . (f the Property is abandoaed by Boirower,or if,after notice by Lender!�Boaower that the condermnor o�rs to�ruake�an � � �.�,,��"'�„„�,_
<br /> � � '�-� award os settle a claim for damages, Eorrower fa�'ls to respond to Lender c,�%'.,hin 30 days after the dase the notice is given, � m
<br /> =�•'."•t t�;;;, ., t,ender is authorized to collect and�ly the proceEds.at its option,either m�toration or reQair of the Property or to the sums 7�'..-
<br /> �� ��
<br />•-_':�__.,.__ --
<br /> . secure��:�t6is Szcarity Insuument,wh�her or not then due. �--'"�"�
<br /> . �._. _, . . uu .�
<br /> •....
<br /> .�
<br /> ��` +..• ' � . U�:ess Lender^�^-d Bormwer otheiwise agree�n writing, any application of pmceeds to principal shall not extend-or
<br /> ..�..`'�•.. ms rz�.ared fo in hs 1 aLd 2 os change the amountof such payments. ' - ..
<br /> � ;;:.,. . postpone the due d.:e:ef the monthly payme P�S� :,�:`-�
<br />- °.�;Y,..:,. •� .. � ta.Borro�r?�oi Released;Forbearaaoe L3v E.ender Not a Waiver.Extension of the time for�i�ment or modific2tion
<br /> e .
<br /> • of amort;r�ion of the sams secured by this Security Instrument granted by Lenc'.er to any suceessor in in:�est of Borrower s�all �±�
<br /> not opente to release the liabiliry of the original Bosower or 8arrower's successors in in�t. Lender shall not be required co
<br /> �• ".��'���' commence proceedings against any successor in interest or refrse to extend rime for paym�t or otherwise modify amostization
<br /> '"":�'�="- �-• ' of the sums secured by this Security InsuumeTS by reason of any demand made by [he original Borrower or Boaower's . , `
<br /> s �
<br /> :�'r��`,� '� � successors in interest. Any forbcc�rrance by Lec��in exercising any right or remedy shali not be a waiver of or prectude the ,
<br /> an _W
<br /> N����d� ;,, r��
<br /> -�� t ,, , exercise of any right or rea►edy.
<br /> '�"�"; � 12. Suaessoss and Assigns Bound;Joint sud Several Liability;Co-s3gaeis. The covenancs and agreements of this ;
<br /> 1 :1_ .' Y. ..
<br />--��-"'' Security Instnimem shall bind and benefit the successors and assigns of Lender and Boaower,subject to the provisions of `_ �
<br /> �'�=°1:k;�`,,': paragraph 17. Borrower's covenants and agreements shalt be joint and several. Any Borrower who co-signs this Sec�erity -� . �.
<br /> =-_'���=: Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey that -;;�'
<br /> — `�`'. Borrower's interest in the Property under the tem�s of this Security Instrument:(b)is not personally obligated to pay the swns * _�"
<br /> -- �-,, . � :_�:;
<br /> - -� - • secuted by this Security Instrument:and(c)agrees that Lender and any other Boaowcr may agree to extend,modify.forbear or d•�' .
<br /> -_" _
<br /> -- .-= __ make airy accommodations with regard ro the terms of this Secerity Instrument or the Note without that Borrower's wnsent. • .�i�_.
<br /> � $ � 13. 1 oan Chatges.If the loan secured by this Security Instrument is subject to a law which sets maximum laan charges. •
<br /> ��;�a �� t and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the �°���_�
<br /> krr- . loan eaceed the permitted limits.then: (a}•any such loan charge shall be re�used hy the amount necessary to reduce the charge ��, .,_
<br /> �• r F.
<br />-=F���"�'�' to the permitted limit:and(b)any sums already wllected from Borrower which exceeded permitted limits will be refunded to .�� �
<br /> -" =,,;.r�.;a "
<br />.-.v_J.titik.rr..;. '+ ���r��` ..
<br /> �..;r gorcfsxer. Lender may chaose to make this refund by re�.:•cing the principal owed under the Note �or by making a direct r+
<br /> ��;� payment to Borrower. If a refund reduces princiQa{. the reduction will be treated as a panial prepayment without any � `� 1`-
<br /> '°____, , prepayment charge under the Note. � ��,.�.�� �'
<br /> --=-��-,:..
<br />_:��'!'"�+••..,. • :"�.; 14.Nottces.Any notice to Borrower provided for in this Security Instn�ment shall be given by delivering it or by mailing - - • �,
<br /> S�1��S t . i .
<br /> x � it 1ry first class mail unless applicable law requires use of another method.The natice shall be direCted to the Prop,.^:e��Address , - _
<br /> �?"�k ''` or any other address Bortawer designates by notioe to i.ender. Any notice to Lender s.hall be �;iven by firat ctass mail to : . �:.
<br />-:;:�aF:�:i'•.:,,., I' �
<br /> �r'�"��::r-��:`'. Lender's address stated herein or any other address Lender designates by notice to Borrower. My notice provided for in this � '�� � r;
<br />='f=`�'""t�:�°�� '� Sccuri ty Instrument shall be deeme�to I�ave been given to Borro�ver os Lender when given as provided in this paragraph. ;•r�}
<br /> �� �-'�,",3,�,.,' 15.Governtng Law; Severa611lty. 7Tds Security Instrument shaU bc govemesi by federal !aw and the law o f t he : -
<br /> — - ��=-*•� jnri�iction in whIch the Property is lo,�ted. in the event that any provision or claus�of this Securiry Instrument or the Note .1
<br /> - --='���� confli�:ts with applicable law:such conflict shall not affect ot�r provisions of this Security instrument os the Note which can be . .
<br /> ��:.c�y�,
<br /> -_��-�:__.:���5��• given effect without the conflicting provision. To this end the provisions of this Securiry Instrument and the Note are declared '
<br /> to be severabte.
<br /> � -x"' 16.Bo�'racrc3t's Copy.Bonowcr shall be given onc conformed copy of the Note and of this Security Insmiment. ;;
<br /> "—_-:��y�4y _ .
<br /> Form3028 8/90 ` �'
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