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<br /> paymcnts may nu longe�e tw rcyuircd.u1�hc u�nlnn uf I.�:ndcr, if mo»gagc im;v,r.iitcc cuvcragc(i1l�ifiC'�h�miint n�id ti�r�l�c��crlixl `
<br /> that I.encter re�{uires)pnrvideJ by an inyurer approvecl hy I.e�xter ag;dn becon�es uvailab!e und is obtai�xd. L�arrow�er shall puy
<br /> �ha�u�rmi��m5 re��aire�t t��mafntnin nwn��n,�c lnsur.�ncc In eflect.or to prnvide ti luss rescrve.uetil th�:requiremeut Piir�i����tg,�e -_
<br /> insuranee ends in ncrorda�xe with uny writte��agr��ement hetwecn[imTOwer and l.c:�xler or upplicable law.
<br /> 9. In�p�cNan. l..crNJcr ar Its abcnt may m�kc rcasonable entrics upon iuid in:,pections of Ihc Propcny. Lcndcr sl�all givc _
<br /> �urra«�cr notic�c at the��mc of'or prior to an ins�cctian spccifying rcasunablc causc fnr thc inspcction.
<br /> 10. C.ondemtuttlnn. Thc procceds uf any award or claim far dantages, Jircct ur conscyucntial, in conncction with u�iy
<br /> candemn;nia�i or other��king �.�f any part of tlie Property.or far ru�evey:ute�in lieu af co�tdenmatiun, +irc liereby assigneJ u�ul
<br /> shall hc paid tn Lrnder. �_
<br /> In the event of a tutal�aking of thc P�•openy,thc prcxceds shall be applicil to thc sums,ccured by lhis Sccuriry Instrument,
<br /> �vliether or not then duc, �vith nny exccss paic!to [iorrower. [n the cvent of a partial takinr�►f�hc Propcny in whidi thc fair
<br /> market value of the Properey �mmediatcly bcfore thc ta�ing is cquaf ta cr greater than the :imaunt uf�hc siuns sccured by this
<br /> 5ecuriry Instrument im�nediately befan dic Glking,urdess Qorco�ver and Lencler othenvise agree in writing,the�ums�curcd by -
<br /> this Security Instn�ment shall lxt reduce.�cl hy the amount nf th� pmceeds multiplicd by ahe fullo�ving fructiun: (u) the �utal
<br /> nmount of thc sums sccurcd imntediately before thc taking,divided by (b) thc fair m;uk�t value of Ihe Pro�x:ny �m�nediatcly
<br /> bciun;Qic t�king. Any b.iiancc �hafl br paid to Borro�eer. In ►hs eve�it nf a parti;sl t:ilcina uf the Pmper�y in which thc fair ��
<br /> markPt valuc ot'thc C'ro�crty immediately beCore the takeng is Icss than the amount of thc sums sccur�'d immediatcly bcforc thc ��
<br /> taking.unlcss Borrower und l.cndcr athcnvisc agrcc in writing or unless applicable la�v othenvise providc�, thc prucerdti shaH `M�_
<br /> bo applied to Ilie sums secured by this Securiry[nstninient whcther or not the sums are thcn clur. �1:�_
<br /> If the Propeny is abandonc�d by Borrowcr,or if,after notice by L.endcr to Borrow•er that the rundznmor offcrs�n make un �
<br /> award or settic a claim for damages. Borrowcr f�ils to rcspond to l.cndcr widiEn 3U days aftcr thc datc lhc noticc is givcn, �`�:'
<br /> C.ens�er is au!horized to collect and apply the praceeds,at its option,either to rcstortion or repair oF the Propeny or to the tiur�s - _
<br /> secured by this Security Instrument,whether or uut tl�ri�due. :_4
<br /> Unless Lender a�id Borrower othen��ise agree in writing, any application of prncee:ds to p�incipal shall nnt estencl or �Y�
<br />- postp��ne ihe duc dat�of the monthly paynv:nts refcrred to in paragraphs 1 and 2 or chanqc thc anwunt of such paymcnts. �
<br /> 11. BorroK•er Not Reteased; Forbearsnce By Lender Not a�Vaiver. Fxtensior�of the time for payment nr inalification °__
<br /> Cif oiiii3i2Siat2aR L7f:�:�.`>iS'.i`„.`.:.'Ci::t.'C��.`�SF:1�C..i'^'.S::t�InctRjmn�t or_s�t�I��1 nnrinr tn.�n�u��r.�c.nr in interc+t�f 6nrrnwcr tihail =_
<br /> not operate to rete;rse the liability of the origin�l Borrowcr or Borrnwcr's succcssors in interest. Lcndcr shall not bc rcquircd to
<br /> commence proceedings a�;ain.tit any successor in interest or refuse to extend time for puyment or o[henvise modify amorii�ation ---
<br /> of thc sums securcd bv this Sccuriry Instrument by rcason of any dcmand made by thc original Borrawcr or Borrower's __
<br /> successors in interest. Any forbearance by LcnJcr in excrcising any right or remcd}r shall not be :��vaivcr�f or pmcludc the -
<br /> exexcise of any right or remcdy. �"
<br /> 12. Successors and Assigns Bound;doint and Seti•eml Lfability; Co-si�ners. Thc coven:a►ns and agrecments of this �
<br /> ' Security Instrumcnt sliall bind and benefit thc succcssors and assigns of I..ender and Borrawer, subject to thc provisions of
<br /> paragraph 17. Banawer's mven�nts and agreements shall be joint and several. Any Borroa•er wha co-signs this Security _—
<br /> Instrument but dces nat execute the Note: (a) is co-signing this Security Instru�nent anly to �non�age, grant and convey that E�-_�
<br /> Borrower's interest in the Fropcny undc�the tcrms of this Security In�trumcnt; (b)is not personally obfigated to pay the sums ��
<br /> secured by this Security Instrument:and(c)agrees that l.endcr and any other Bonower may a�ree to extend,malify.r�rn�or �v-.-�
<br /> . make any accommodations witl�regard to the terms uf this Securiry Instrument or the Notc�vithout that Borrower's consent. �='
<br /> 13. Loan Charg�es.If the laan secumd by this Securiry Instrumenl is subject to a law which ,ets maximum loan eBarges, �'�
<br /> �nd that law is finally interpreted so that the interest or other loan charges rollected or to he cnllected in connection with the �•�
<br /> lnun exceed the permitted limits, then: (a)any such loan charge shall be reduceci by the amount neressary to reducc the charge �';
<br /> to ¢he permitted limit:and(b)any sums already collected from Borcower which excceded permiued limits�viU be refundai to --
<br /> Borrower. L.ender may choose to make the� refund by reducinb the prinripal owed under the Notc or hy making a dimri � �
<br />- payment to Borcower. If a rcfund reduces principal, the rc.duction wili be trcated as a panial prepayment without a��y "
<br />= prepayment charge under the Note.
<br />= 14.Nolices.Any noticc to Borro�ver provided for in this Security Instrument shall be given by dclivcring it or by maileng
<br />= it by first class mail unless applicablc la�v requires usc of anothcr method. 'Thc notice shall bc dirccted to the Property Address
<br />_ or any other address Borrower designates '�y notice to L�:nder. Any notice to Lender shall be �iven by tirst class mail to
<br />� Lender's address stated hcrcin or any other address Lender designates by notice to Bottower. AnJ notice provided for i�t t9eis
<br /> Securiry Instrument shall bc decmed to havc bcen given to Borrower or Z,endcr whcn givcn as pravided in this parrgraph. �
<br />_ l5.Governing Luw; Severabflity. This Security Instnimcnt shall be governed by federal law snd the laa of the "' ��:
<br />= jurisdiction in which the Property is lucatod. [n the event that any provision or clsiuse of this Securiry Instrument or the Note �����;�,�'
<br />= conFlicts with upplicable law, such conflict shall not affect otb�er provisivns of this 3ecurit}• Instrument or the Note which can be
<br />= given effect witltaut Ehe conflicting provision.To this ind the provisions of this Securiry Instrument und the Note arc declared
<br />' to be severable.
<br /> 16.Barrowcr's Copy.�orrower shall be given one rnnformed copy of thc Note and of this Securiry Instrumcnt.
<br />= Form 3028 9I90 ����'`
<br />� Pcpo 4 of 0 .
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