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<br /> poyrn�u.r'may ��u tonger hr,.nDqulrcd,�c the r►ptinn uf l.erxkr,if rtx�rtg,�e insuranrc coverrg�(In ihe wt�cwnt arcd for the pariCd `
<br /> thst L+cndec royuircv) pmvfdal by w�insur�r apprava!by 4,entlGr a�ain ttcccmrrz uvuilnbls and is a�M�inpl. 8nrrow�r�hall p�
<br /> ►hr}�remfume c+��uliro+i lu m�intain nwrt�r irururu�ca in eftect.ur to pruvide y i�x reserve.unri!ti►e ra�ulre�for nxxt=aye
<br /> insuramr,encic in acecinixnce with any wrttter.agn�nr,ent betv�an�rmwtr t►nci I.erxtrr ur�}�Rcabla law. '
<br /> �r. ie��pexlina. i.ecxEtr or ils ngrnt Trwy makc reawruwie�nuies uptx�atw it►x{�x;iiu����i ii�c r�����j+. ��.w,:s��..1:�y:�•. '
<br /> Pormwer ncMice at tbe�irnG uf or pricx ru an i�pocticro spocifjring na�saruble u�ure for the irsapec�tioa.
<br /> 10. l,;ondenwtba. The pmcrxds uf any av�nrdl or elaim for damages, direc:t or co�iuquential, in connection witb r.nay
<br /> �ornks�vwtion nr c�tlxr t�:ing nf any pxre a}"the Pruperty,c�r for conveyarx�c i7 lieu of co�xlcm�xtion,are hxretry assiqnod sud
<br /> shall Fie pxid to Lender.
<br /> ln ttu eveiN of n total�alcing of the Property,thr,�rocet�s sltall be appliecl to the sums�secttred by this Security Inurum�nt,
<br /> whnher cr not then due, wich�:ny exc�ss paid to Borrower. in tt�e evene of�paitiaf taking uf die Fiupe�ty iu wliich ti��air
<br /> mul;et valu�oi the Propexty immedi:tely before the taking is e�ual tu or greater than the amount t�f the smns secured by tl�l�
<br /> Stcurity Ins�m��xnt imntediately befora the taking, unless Borrow�r a�tid I.encler otherwise agrec in writing,the sums secumd by
<br /> this Security lnsuument snall bc recluced by thc anwunt oi the procecds multipliai by the follow�ng fraction: (:�)the tot�l
<br /> an►�unt of�he sums secured imn�ecliatcly before tho taking, divideci by(b) the fait marke� valut of the Property immexifately
<br /> before thc tak.ing. Any balance shall 6c paid to Borrower. In thc event of u pactial taking of ihe Property in which the fair
<br /> �narkat value uf the Propeny immediacely befoc�the taking is(ess than tho a►nount of thc sums secured immediate{y before the
<br /> ttdcing, uniess 8orrower and I.cnder otherwise agree in writing oe unless a;ppl3cabte taw othenvise provides, the proceeds shnll
<br /> be epplied[o the sums scxured by this Sccurity Instrumcnt wlicther or not the sums are then due.
<br /> [f thz I'ra�erry is ab:u�doned by Borro:ver,or if,after nottce by Lender to I3orrower that the condemnor offers to make wi
<br /> award or scttle a claim for damages, Borrower fails to respond to Le��der within 30 days after the date the notice is gi.ven,
<br /> Lcnder is uuthorizod to collcct aad apply thc procccds,at its optio��,eithcr to:estoration or repair of thc Praperty or to�f►c su�ms
<br /> secure�by this:'ecurity In�trument,whether or not then due.
<br /> Unless l.cndcr �nd Bonowcr othcrwisc agroe in writing. any applicutiun of procecds to principal shall not cxtend or _
<br /> postponc the duc date ot thc monthiy paymcnes rcierrc+i co in paragrztpi�s I and 2 or change[he amount of such payments.
<br /> 11.BomnK�er Not Released;Fort�rance By I.ender Not a Watver.Extensian of the time for payment or m�dificati�n
<br /> of an;onization of the sums secured by this 5ecurity h�strumcnt grantcd by Lcndcr to any successor in interest of Borrower shall
<br /> not operate to release tlie liability of tl�e uriginal Borrower or l3orrower's successors in interest. Lcndcr shall not be tequircd to
<br /> conunence procecdings against any succ�.ssor in interest or refuse ro extend time for payment or otherwise modify amortizataon
<br /> of the sums secured by this Sccurity Instrument by rcason of any demand made by the original Borrower or Borrowc�r s
<br /> successors in interest. Any forbcarance by Lender in cxercising any right or r�medy shall not be a waiver of or precludc the
<br /> excrcise of any right or rcmedy.
<br /> 12. Successors and Assigns Bound; .foin4 and Several Liabtlity; Co-signers. The covcnants and agreements of this
<br /> Security lnstrument s!is!! Ui�td and benefi� the successors snd assigns of Lxnder and Borrower, subject to the provisions of
<br /> paeagraph 17. Bc�rrower's covenants and ng�eements shall be joint and several. Any Horrower who co-signs this Security
<br /> Insttument but dces not execute the Note: (a) is co•signin�this Security Instrument on:y to mortgage, grant and convey i3�at
<br /> Borrower's interest in the Property undcr the terms of this Sccurity Instrument; (b)is not penorially obligated to pay the sums
<br /> secured by this Security Instrument;and(r)ugrees that l.cnder and sny othcr Borrawcr may agrce to cxtend, malify,forbear ar
<br /> make any accornmodations with regard to the tenm of this Secarity Instrument or the Note widsout that Horrower's concent.
<br /> 13. Loan Cdarges.If the loan scr,urecl by this Sccurity Instrument is subject to a law which sets maximum loan charges,
<br /> i, and tl�at law is finally interpreted so that the interest or other tonn charges collected or to be collected in connection wi�h tlx
<br /> loun exceed the pennit4ed limits,then: (a)any such loan charge sh:.11 be raiuced by the amount necessary to raduce the charge
<br /> to the permitted limit;and(b)any sums al.ready collected fram Borrawcr�vhich exceeded permittcd limits will be refunded to -
<br />! Barrower. Lender muy choose to make this refund by reducing the Principal o���ed under the IVote or by making a direct _
<br />� payment to Borcowcr. If a rcfund reduces principal, the rcduction will be trcatcd us a panial prepayment without any -
<br /> i prepaymcnt charge undcr the Note. _
<br />! 14.Noticrs. Any notice to Borrowcr provideci for in this Sccuriry instrurnent shnll be given by delivering it or 6y mailing
<br />� it by first class mail unless applicable la�v requires use of another method. The notice shall be directed to the Property Address �-'
<br /> r..
<br /> or any other address Borrower designutes by notice to i.ender. Any notice to Lender shnll be �;iven by first class mail to f
<br /> L.ender's address stateci herein or any othcr address I.ender dcsignutes by notice to Borrower. Any noticc provided for in this !
<br /> Security Instrument shall be dcemcci to have bcen givcn to Borrowcr or Lcndcr�vhen€iven as providcd in tl�is paragraph.
<br /> 15.Cove�ning Lnw; Severability. This Security Instrument shall be govcrned by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provisiun or clause of this Securir.y Instrument or the Note �'
<br /> conflicts with applicable law, such conFlict shall not affect other provisions of tl�is Security Instrument or the Noie which can be
<br /> givcn offect without the couFlicting provision. To this end thc provisions of this Sccurity[nstrument and the Note arc dcclarcd
<br /> to bc scvcrable.
<br /> 16.Bvrr.�wcr's Copy.Borrowcr shall be given one conformcd copy of thc Note and of this Sccurity instrument.
<br /> Form 3028 9/90
<br /> Popo a o�a
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