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<br /> paymcnts►nay no tongCr be rcquircd, ut the upti�n of l.cnder, if mort�nge insurancc cavcrn�;o(in thc amount and for thc pertod �
<br /> that Lcnd�r rec�n�re.$)provided by un insur�r upproved by Lendcr aEnin becomes;+vailnble nnd is i�btain.cd. Borrower shall pay
<br /> the premiums required!o m.iintacn mortgu8e insurance in eff�ct,or ta providc u luss�'�scrvc,untit thc rcquirement fnr mortgn£c
<br /> insurnnce ends in nccordnnce with nny written agreement bctween Borrower and Lender or applicnble law.
<br /> 9. Ins�ectlau. I..cnder or its iigent may makc rcusanable entries upon and inspections of the Property.I.endcr shnll givc
<br /> Darmwer notice at dte time of or prior ta an inspection specliyinE renson�►ble cuuse for ehe inspection.
<br /> lp, Conde�.mnaf.ton. The procceds of�u�y award or claim for dumnges, direct or consequentiul, in connectian with any
<br /> condemiu�tion or�theP taking of any p�rt of thc Propei�ty,or far comeyancc in lieu af cnndcmnation, arc hcr�by i�ssigned and `
<br /> shall bc paid to I.cnder,
<br /> ln the cvcnt of a tatal takin�of the Property,thc procccds shall be applicd to the sums sccurcd by this Scturity Instrument,
<br /> whethcr�r not dicn duc, with uny excess paid to Borrowcr. In thc evcnt of a partial tnking of the Property in �vhicl�the fair
<br /> markct valuc of thc Praperty immeciiltely before the taking is cqual to or grcatcr than thc umount of the sums securcd by tiiis
<br /> Security Instrumcnt immediately before thc taking, unless Rorrawcr and Lcnder othcrwisc agree in writinB, the sums sccurcc!by
<br /> this Security Instrument shall be reduced by the Amount of the praceeds multiplied by the following fraction: (a) the total
<br /> amount of thc sum, s�;ured immcd�ately taefore the t�king, divided by (b) thc fair market value of thc Propeny immodiutely
<br /> before the taking. Any balance shull be paid to flurrower. In the event of a partial taking of the Propeny in which tfie f:►fe
<br /> rtiarkct value of thc Property immcdii►tcly befare the taking is lcss than dic amount of the sums securcd immediately bcfore ttte
<br /> taking. unless Rorrowcr und Lendcr othcrwisc agtcc in writing or unlcss applicablc law othcrwise provides,thc procccds shall
<br /> be applied to thc sums tccurcd by this Securiry lns¢rument wl�et.hcr or�tot che sums arc thcn due.
<br /> If the Property is abandaned by Borrowcr,��r iF, aftr,r notice by i.cnder to Borrower that the condcmnor bffcrs to make an
<br /> award ur sctt(c f► claim far damAges, f3orro�vcr fuils to respond to I.cndcr�vithin 30 days aftcr thc date IIIC 710iICC IS given, _
<br /> Lender is nutharized to coliect anJ upply ehe proceeds,nt its option,either to restoration or repair of the Propei�ty or to the sums _
<br /> sccured by this Security[ngtrumcn4 whcther or nc�t thcn due. _
<br /> Unlcss L.endcr unJ Borro���r othcrw•isc agree in writin�, any aPP�ictuiun of proceeds to principal shall not exl¢nd ar
<br /> postponc thc due datc of thc mund�ly puyments rcferred to in paragraphs 1 and 2 or change thc amount of such paymcnts.
<br /> ii,no��u:�er R's�t o�;����_r.,,rgrnpnnee[iy Lender Not u WsdvC�'.Extcnsion oti thc time for payment or modification
<br /> of mnortizatian of the sums sccured hy this Securiry instrument�ranted by Lender w any successor in interest oC BurruN•c�wiiujt
<br />: not opernte to r�lcasc thc liability of thc original Borro�vcr or Borra�vcr's succcssors in intcrest. Lender shall nat be rcyuired to
<br />- commence procecdings against any successar in interest or refuse to extend time for puyment or otherwise mndify amortiratiun
<br />= of tiic sums sccurcd by this Security Instrument by rcason of uny demand madc by thc originul Barrower or Borrower's
<br /> - sttccessors in interest. Any forbcarance by l.ender in exercising any right or remecly shaU not bc u waiv�r of or prcclude the
<br />-± exercise of any right or rcmedy.
<br /> CO-SI nc►�s. Thc covcnants and u�reemcnts �f this
<br />- 12. Successors nnd Assi�ns linund;Jofnt and 5evernl I.labflity; B
<br /> = Securlty lnstrumcnt shall bind und hencfit thc successor. aud ussigns of Lcndcr aind Borrowcr, �ubject tn the prnvisions of ._
<br />� paragi�ph 17, Borrower's covenants and a�reements shall b., joint and several. Any Dorrower wlio co•signs this Security
<br /> - Instrument but does not executc thc Notc: (a) is co-xigning this Sccurity [nstrumcnt only to mortgage. �rant and convey tlmt
<br /> Rrnh'owcr's interest in thc Property undcr thc terms of tliis Sccuricy Ins�rument; (b)is not personully obli�ated to pay thc sums
<br /> "�= sccured by this 5ccusiry Instnimcnr, ,u�d(c)ugrces that Lender and any othcr Borrowcr may agrcc ta cxtcnd,madify,forb�.lr or
<br /> = makc any �ecummodatiuns�aith regard to the terms of this Securiry Instrument c�r the Note�vithout tliat Borrower's consent.
<br /> - 13. Loan Char�;es. If thc loan securecl by this Security Instrument is subject ro.t law which sets muximum loai�chnr6es, _
<br />'� a;nd that law is finally interpreted so th;�t the interest or other loan charges collected or tc�be collected in cc�nnection with d►e
<br />� loan exceed the permitted limits,then: (a)any such loan chnrge shnll bc reduced by the amount necessary to reduce the charge
<br />,a to thc permittGd limit.md (h) any +ums :dre.�dy collcctcd from Borrowcr tivhich�xcccdcd permitted limits a�iii bc refunded to
<br />-� Borrowc�•. Lcndcr may chionsc to makc this rcfund by rcducins thc principal mvcd under thc Notc or by making u dircct
<br /> paymcnt lo Burrowcr. IF a rcfuiid reduccs principal, thc reduction �vill be trcatecl as u panial prcpay�nent u•ithuut any
<br />._ prcpayment charge under thc Notc.
<br /> 14. Noticcs. Any notirc to Dorrowcr providcJ for in this Security Instrument shall he�ivcn by dclivcring it or hy mailing
<br /> - 1x by first class mail unless app�iciiblc law rcyuires usc of:mothcr nuthod.Thc noticc shall bc dircctcd to thc Property Address _
<br />,;•� or any othcr address Dorrowcr dcsignatcs ny noticc to Lcndcr. Any noticc to Lcndcr shiill bc givcn by first class mail to �
<br />,:� Lender's address stat�d hercin or any other aJdress I.en�ler designates by notice to I�orrower. Any notice provideJ for in this
<br /> �•- Sccurity Instrumcnt shall bc dcemcd ta I�ave bccn bivcn to Borrower ur Lender wh�n�ivcn as providcd in this psragraph.
<br /> �.� 15. t;uvcrnin�; I,a«�.; Scvcr��bfltty. This Sccurity Instrwncnt sliull bc govcrncd by fcJcral law nnd thc law of the
<br />_ jurisdiction in �vhich dic Property is located. In thr.cvcnt tl�at .uiy provision or clausc of this Sccurity Instrumcnt or tl�c Notc
<br /> :�� conflicts witl�applicublc law, such conflict shall not affcct othcr provisions uf this Sccurity Instrumciu or thc Ninc which can be
<br /> - given effut�vithout the contlicting provision.'to tliis cnd the provisions of this Security histrument and ihe Notc are declared
<br />�� to bc sevcrablc.
<br /> — 16. �3or�Ynver's C���v.F�urro�vcr shnll bc�ivc��onc canformc�l capy of thc Nou and of tl�is Sccuriry Instrumcnt.
<br /> - Form 3028 9/90
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