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<br /> i�Y���Y no iongcr be ra�u.ired.at tAe optiim ef T.ender.sf n�xxtgage ins�stanoe oovcrage(in tbc amamt and for the per.od
<br /> ' that Lu�der nequires)�mvided hy aa iasrazr anQmve�'ay i.ead�again eocomes availabie and is dxained.8o�rower shall pay
<br /> 3 the premiums rc�aired to mair_tain�in:ausnec in�t.or to pcv:i3e a ioss cesa-�e,ua�T the r�meat for moRgage
<br /> iosurnnce end.4 in ar.cordac�9vith aay a-ritten agretment betauxa�es;vwer aa�I.ader or applic�ble Iaw.
<br /> �.Iagpectfon. L.ender or its ag�t a�ay�aix n�sonah{e e�s aQaa and inspectioa4 of thr Property.I.eader shali give
<br /> Borrowcs notice at the time of c.+r prior to a�inspe��pecifyin8 rrasoe�able casi.s�fnr the i�tio�.
<br /> �t�. i:ondamnation. The proceods of'acry awseti'.or etaim for damages, cli�at rnr c;.�!�seqaeatial. io connection with any
<br /> condemnation or other taking of arry paft of the Pmpaty.or frr cocn•eyance in Iia� i�;cond�e�,.•:on,_,,;;'x�y�i��s
<br /> shadl tre paid to I.ender.
<br /> In t}ti,t�ver.t of a tota!taikkit►g of the Proptrty,the procxds sha11 be applied to the sums sa.vrod by this Sec.vriry Instrur..e:�t,
<br /> , whether or not then due, with any excess paid to Bvmowet. 1n the ecern of s partis] taking of the Property in whicl� rhe fair
<br /> maricet valuz c�f t?�e Property immeciiately befare the Wcing is equrl to or grtatee than the amo�mt of t1x sums sxured by thiv
<br /> Security Instrument i�iur�iately before tht taking,unless Bosrower and Lender ottxrwise agree in writing,Lhe sums secured by
<br /> this Sr.curity Tnstrumerit shall bc rr3uced by the amount eE tht praceeds m�iupiied by Me foilowing f-�ction: (al the total
<br /> amount of the sams tecured ir.?-rx�iately before the ta;cing, divided by (b) the fair market vatue of thc Property im,rediately
<br /> . before the �.aicing. Any baIatxx si;all be paid to Aort�owtr. In the eve�t of a partial tzicing of the Property it� which the ti�ir
<br /> market value of thc Property ammediady before the talQng is tess than tLe amoe�t of the auns secur�iromaiiately beforc tht
<br /> taking, un�ss Boxrower and L,eodcr otherwise ag�ee in writing or anless applicable law odtcrarise provida. the procads;;,all
<br /> be applied to the sums securcd by this Secvrity Iastrament whether or rmt tf�e�a�thay due.
<br /> If the Property is abandonc�by Borroaer.or if,afiEr notice by L,ader to Borrower t9�at the oondemnor offecs to make nn
<br /> award or settle a c[aim for damages, Bo�rower faiis to respond to I.tnder within 30 days after t5e date the notice is give�,
<br /> Lender is uuthorizsi to roilect and appiy the prxeeda,gt its option�eith�s to rectoration or repair of the Pcvpaty or to she suins
<br /> scrured by this Soctirity Ytutrtimrn�,whet}rrr or not then due.
<br /> L'ni�s Lender and Porrower atherwise agree {n wreting. any app(icaiion nf proceeds to principal shall not t�tend o�
<br /> pos,�,rrc ihe due dnte of th�monthly payrnents rtferral to in�phs 1 and 2 or changs ths amoant of iuch payments.
<br /> lp.&►r!'o�ver Not Refe�sed;Forbearante�2y I.mder No�a Waiver.Extension af the tim�for payn+a�t or modification
<br /> uf amart:zati�n of the sums secu�+td by this Security Instsumrnt granted by(„aidrr to nny soaoessor in inttrest of Borrower sha1)
<br /> � r+o!operate to refease ehe liability of the original Bcfnoa+er or Bflcrower's sucasSOrs in intertu. La�der sha11 not be raqnircd to
<br /> '� corrur»7ce proc�edings againsi any successor in inie�or rrfi�se to eutmd tiroe for payment or otherwix modify anr.ortization
<br /> s of tho surns securui by this Security Irestrnment ty rtrson of ury dat�and made by ine origival Borrower or Porrower's
<br /> .� sucr,essors in interest. ��ny forbearance by I�-in racacising aay right ar r�eaudy slsai! not a a •ytiver of or preclnde the
<br /> ' exercise of any right or remc�y.
<br /> ;
<br /> ' I2. Surcessors and Assigns Bound; Jvint and Stvetal L+ability; Co-signets. 'Ihe covenant5 arni agrxrnrnu of this
<br /> Security Inswmcnt shali bind and beixfit the suecessors and acsigns of Lender and ;9orrower, subject to the provisioat oi
<br /> paragraph 17. i3�rmwrr's c�venants and agsoements shall be'}oint and scweral. Am Barrower wfio rn•signs this Security
<br /> tnstntcnent but docs net execute the Note: (s) is co-.;igning this Savrity InstrumeM only to mortgage, gra,-�t ard convey that
<br /> Borcower's interest in thc Property under the ter�ns of this Seatrity Ir�ctrument:(b)is nat persen�lly obligatai to pay ihe s�ms
<br /> secured by tf�is Secnrity In�tnimeot;and(c)agrees that i.ender aed any o�her gorrowtr may agtee to eitend,modify,fort,ear or
<br /> mf►!:e any accommoriations with rcgar,d to the ternu of this Seceirity Inrntrument or the Note witlwnt that Horrower's consent.
<br /> 13. Loan CluQrges. ]f the laun secund by this Security Instru�nent is subject to a law which sets ma�cimum loan charges,
<br /> and that law is finally interprcted w that t;�e interrst or other loan charges coqtrtai or to be collected in connection �✓ith the
<br /> Y✓
<br /> loan exceed the permitted limits, then: (a�ar_y such loan charge shalt be reduced by the amount na�essary to rcduce the charge
<br /> to thc permitted limit: and (b)any sums already oollected from&+:�+ower whiclt exceoded ptrmitted limits will be refitrxied to
<br /> Borrower. Lender may choose to makz this rofund by rcd::ring the principal owed under the Note or by making a direct
<br /> payment �o Borrower. If a refund :tduces principal, the reduciion will be tn�ated aS a p�rtla( prepsymen� without any
<br /> pre�aya�e�t charge under the Note.
<br /> ld.Noticcs. Any notice to Borrower provided for in this Security instrument shall be given by defivering it or by mailir,g
<br /> it by first dass mail unless applicable:aw Yeyuircs ux of arather mcthod. The notice strall be directe�to the Propeny A.�idr+�s
<br /> or any ethcr ac7dress Borrower designates by noti�e to L.a�der. Any notice to Lender ahsll be given by first class maii to
<br /> L.ender's addrcss statod hercin or any other address I.ender designstes by notice to Borro�ver. ARy notiat provided for Rn this
<br /> Secu�ity Insirurtxnt shall be deemed to}uzve been given to Borrower or Lender when given a�provided in this paragraph.
<br /> 15. Governing Law; Severabillty. This Sccurity Instrumrnt shall be gaverned by foderal Iaw and the iaw of the
<br /> ;urisdiction in wliuch the Property is locaaed. in the event that any provision or clause�of this Security Instrument or the Note
<br /> conflicts w;th applicable law,such c�onflict shall noc affaY other provisions of this Seeurity instrument or the Nate which can be
<br /> given effect without the conflicting provision.To this end the pro�isions of this Socurity Instrument a�the Note are declan�d ;
<br /> to be severable.
<br /> � lb.BorroM-er's Copy. Borrower shal!be given o�re canformed ccspy of tht Note atv.�of this Security Instrumrnt.
<br /> Fam 302A 8/90
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