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<br /> t ius ma no!on er be ireat,at the o tion oi Lender:if mort e insurmnce cov e(in ttse amwnt and�or tI"ie' rlod � r�� "
<br /> ��' �'�- `� � PaY� Y S �N P P�S � � � �A
<br /> �_��=-�.��•-`�,�`';� t4�t Lender reqaires)Drovided Isy�an insurer approved by Lender again bacames a v a�'l a b l e a u d is o 6tain e d.'gomower s h a U pay "''`- -�
<br /> �_ . . , . M.s---:.,
<br /> the premiums required to maintain mortgage€nsuran:ce in effect,or to provide a toss mserve,unu'1 t�e requireutertt for martgage ' . r , �.i:� -------
<br /> i "�. �•,��•• . insutance ends in ascordance�vith aay written ageement beiween 8orrower ard Lender or applicahte law. "s� , ;a g'�
<br /> . • 4.Iaspec4�ba.I.endEr or its agept may ma[ce reasonable tntries tipon and inspections of the Property.I.ender shall give V�` .``�''- -.
<br /> - � - - ` 8ar�nvrer norice at the time o€or�r w an insge�ioa sg�ifjrinS seas�nable cxvss for the inspection. , � � � � �~ �_
<br /> , � . 1Q.Candemnatioa.The proceeds af any awasd or claim for damag,es. eq x�"`� ����_
<br /> . ' d'treci or cons uential,in conncction�vith atey � � �.���
<br /> � � ' • condanratian or other taking of any part of she Pmperty.or for conveyance in lieu of condemnatian,are hereby assign�l and,. �4y�'c��° -
<br /> � �.. �=``° ' sball P�e paid to I.endev. � - • �r�g��T�__
<br /> �.-..�--
<br /> , .•Y.�-.Jr���- ..�. - ��- .
<br /> �''� '..,.�� • ' , In the event of a total taking of tbe Property.she proceeds shall be app�ied to the sums secured by ttus Security Tnsuument, _-_
<br /> .�� � whether or aot[hen due,with ariy excess paid to Borrower. In the evem of a pa�tial takeng of the Property in which the fair —���—�_—
<br />�-.:-.g? � � ` �
<br />-_- ;,�:�.�' : market vatue of the Properiy iA¢�mdiately hcfone the taking is eq�al to or greater than the amount of the sums secured by this •
<br />=-�:•���.�� , Security Instrumept immediately before the taking.unless Borrower and Lc.rnder ntherqrese agree in�vritmg,the.sams secured�y _- -
<br /> .'�,±:�'' .',• ' this Security Instn�meat shai be reduced 6y the amoant of the proceeds nrultiplied by the fol�owing fraction: (a) the total - -- __.____
<br /> s� ': . amount of the svms secured immediately before tlte t�lcing,divided bY(bl the fair market value of the t�raperty immedisie[y �:,�
<br />�'� " before the . An balance sha(1 be aid to Boaower. In the evem of a artial tatnn pf the Pm m w ch die fai�r --
<br />:��t.' � ��� .9 ;, taki°S Y P'� P � P�Y � �
<br /> „., ,. � �ar�et value of ti�e Ptogerty immediately before the taking is less than the amount of the sums secure�l immediately before the
<br />:�;., ;,, .- '-• .. � taking.ualess Borrower and Lender atherwise agree�in wriring or unless applicable law e�°nvise g*�:ides,the proceeds shall .
<br /> ' r: be applied to the sums secured by tdis Security Iastrument whether or not the sums are then'due.� ' �'
<br /> -- '_-.� If the ITroperty is a8andoned by Boaower,ar if,aRer notice by Ixnder to Boaower that the condemnor offets w matie an
<br /> , ,,..-" •' ---�-�---awa3d�ot��ttte�claim-for�tlamages,-Borrower fails-to�respond-to Lender arithin-30�-ys after the date the ttotise is giver�,
<br /> ''-.�,`;:. Lender is aut6orized to collect and apply the proceeds.2t 1LS ppttOA.either to ceswrauon or repair of the Pcoperty or to tha sums
<br /> �� • ' serured by this Securiry Instrument.whether or not then due. � '
<br /> '� � • • � Ualess Lender and Borrower othernrise agree in wridng. any application of proceeds to principal �hall not extend or
<br /> -_`-. . "' _. postpone the due date nf the monthIy payments refesred to in patagraphs._1 and 2 or charrge the amoant of such payments.
<br /> . . 11.Borrower Not Re�eas�;�'ort�earaace By Lender Not a Waiver.F.�ctension of die time for payment or modiflration ' _
<br /> .���._..,
<br /> , : � . . of amortization of the sums sec�a3 by this Security Instrument granted by Lender to any suc,cessor in�interest of Bamower shall ------
<br /> � not operate to retease the liabitity uf the original Borrowet or Borrower's successors in interest. L.ender shall not be required to �
<br /> � . ' ' commence proceedings against any successor in intepest or refuse to extend time foz payment or otherwise mc�dify amorti7ation
<br /> , • of the sums secured by this Secwity Instsument by reason of any demand made by the original Sorrower or Borrower's ��_._
<br /> _ � : , .. successors in.interest. Any forb�ce tiy Lender in exercising any rigM or remedy sha11 not be a waiver of or preclude the ��
<br /> - � .. . exeraseof any right or remedy. . ��:.--_- '�
<br /> • . .' . 12. Succ�sots and Asdgas So�d; Jaint and Several LIabiUty; Co-sfgners. The covenants and agreemznts of this �� �----
<br /> •:;.:;-'�;}�'. ' Security insau�nt shalt bind and benefit the successors and assigns of Lender and Borrower. subject to the p�visioas of �_�
<br /> ' � � paragraph 1�. Borrower's wvenants and agreemenb shall be joint and several. Any Borrower who co-signs this Sccuriry ��,'.
<br /> �� � � ' � Instrument but does not execute the Note: (a) is co-signing this Securiry Instrument only to mortgage,gram ancl condey that -
<br /> � � `� ' Honower s iriterest in the Praperty under the tertns of this Security Insm�ment;(ba is not personally obligated to pay the sums :T-TM�=
<br /> :�:t��:��'-•-• " ` , secured by this Security Instrument;and(c)agre�that Lender and arry other Bormwer may agree to extend,modify, forbear or ���
<br /> �::.:.f�;.•'..�� . make any accommodations with regard to the terms of this Securiry Insttument or the Note without that Borrower's conscnt. .d._
<br /> ._,�;,;;' .. 13.Loaa Cha�ges.If the ioan secured by this Security Instrument is subject to a'law which sets maximum loan charges.
<br /> "''�;�;-:-� �, and that law is finally interpn.ted so that the interest or other loan charges collected or to be collerted in connection with the �,
<br />-'v�"�"��Y't� ' � loan exceed the pemiitted limits.then:(a�any such loan charge shall be reduced by the amount necessary to redu�e the charge ____
<br /> - � : � ' t�n the permitted limit:�nd(b)any sums atrrady collected from Borrower which exceecPaS permitted limits wi11 be c,�fimded to _ —
<br /> 3; ..; � Borrower. I.ender may choose to make this refured by redueing the principal owed under the Note or by making a direct •
<br /> �r . � . . . payment to Borrower. Tf a refund reduces principal, the reduction will be treated as a partial prepayment withont any —_--
<br />— prepayment charge under the Note. Y�'���`�'�=.
<br /> �� ' 14.Notices.Any natice to Borrower provided for in this 5ecurity Instrument sha1�be given by delivering it or by mailing
<br /> - ' � it by first cla5s mail unless applicable law requires use of another methad.The notice sl::il be directed 4o the Propeity Address ,�;
<br /> .�;_. � ' or any other a�dress Borrower designates by notice to Lender. Any notice to Lender shall be �iven by first class mail to . '��� �- .
<br />_�° � �� Lender's address stated hereimor Any other address Lender designates by notice to Borrower. Any no6ce provided for in this :.'�`''��
<br /> ���; � : � Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. "�•�'�-�' '
<br /> `�''��'"" � 15.Govemin La�v; Severabilit This Securit Instrument shall be govemed 6 federal law and the law of the �` '
<br />�;�..•�,••. • g Y� Y Y :•
<br />;�;_`,�,� . jurisdicdon in which the Property is located. ln the event that any provision or c;ause of this Security Insuumen¢or the Note � •��
<br /> � . : ,,;.; .
<br /> ;=,���•`•. ���,,_�.�., conf�icts with applicable law,such conftict shall noa affect other provisions of this Security Instrument or the Note which can be
<br /> — '{�-'=�� _•;�. ?:° � given effest�vithout the canflicting provision. To this end the provisions of this Security instrument and the Note are declared . :• '
<br />��`".�`=- :. to be severable.
<br /> :�`:_ :. , l6.Borrower's Copy.Borrower shall be given one conformed copy of the Note a.*.d of this 5ecuriry Instrument.
<br /> -_=':rz:;. • . . � ' Form 3028 9I90 _ ,
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