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<br /> g,�'ait"1ef�:
<br /> �ymrn�x m�y �w leinger tx ra�utrad,ut the nptiu���f I.erxier, if imrtg�e insurence r.�x����t anxwnt snd rar ttre p�eriact
<br /> Qu,t i.cncler ra�ulr�s)Rruvided by an insurcr approver!M,,y I.�!xier again tsecamr.s avuilebie un�!is obtaie�ed. &�rtnwr,r�hrll p�y
<br /> tl�premium� requirai[a mainu.iu nwrtp,tge inxuixnce in cffa:t,or to provide a Icns reserve,until the roquir�rnent f��r cmn�a
<br /> inwrarace crxl�c in ar.:�rorciattco with nny writt��n egretment betw�tn tionnw..r z�nc![.e�xter or u��licablc law.
<br /> 5i. 1iap�ction.i.encier ar itg agent may,maice reax►rwbfc cntrir�upuu a.r+iu,�,,a:iiu��s u��iw :�ot;..��y. SA..::...,l�.I! 8<<.. .
<br /> Porrc�wer notice�t the timo of or prior tn sn inspeclion specifying rtesorut�le cause far tlx inspat�an.
<br /> 10. Cnnik+nzsr+liot�.'fi:r,procecds of uny award�r claim f'or dmn:�ges, dira.t or consequcntial, in connection with ur�y
<br /> cnndeiniu►tiun ar atlxr wkfng of any pan of the Propeny, or for conveya�x:e in lieu of condemnati�n,nte heteby assigned�nt1
<br /> shall ba paid to Lender.
<br /> tn the event of a rotal taking af the Property.tt►e proceafs stattll be applia!to thc sums securexi by Ihis S�curity tnstrurYxnt,
<br /> whelfier or not then due. w[th any excess paid to Borrowcr. in the evene o4'u pac�ia!tukiug uf th� Fr�}�rty in wi�ich th:. fair -
<br /> matket vulue of the ProExrty immediattly br,fore Ihc taking is equal to or greater than the amaunt of tht sunts sc�uruf by lhis
<br /> 5ccurity instrument immaliately bsfore thc tuNing,un�ess Borrower nnd Lcnder otherwise�+gree in writing,the sums s�ured Uy
<br /> this Serurity Instnxnknt shali Ix: red"ured by the arnount of the procceds multiplied by thc folfowing fraction: (a) the total
<br /> amount of the sums secured immsdiately before the 4aking,divided by(b) the fair mArket value of ihe PrnEx.rly imnxxl9ately
<br /> bcfare the taking. Any balancc shall be paid to Borrawer. in the event uf a partial taking of thc Praperty in which the fair
<br /> marlctt value of�hc:Propr,rty immecliately bcforo the taking is less tl�an the amount of thc sums sc.urcc!nmme�iatcly befure thc.
<br /> taking. uulrss 8on'ower und Lendcr otherwisc agrec: iu�vriting or unlcss applicable law otherwi�provid�s. ti►e prcmr.ods shall
<br /> be applied to the sums secured by this Security lnstrument whether or not the sums are then dus.
<br /> If the Property is a6andoned by Borrower,or if,nfter notice by I.endcr tn Borcower that tha candemnar ofiers eo maice an
<br /> award or settte n claim far damages, Banuwer fails to respond tu Lendcr wiutiin 30 days after the date the notice is given,
<br /> Lendej•is autttorized to collect and upply the ptocerrds,nt its o�ti�n,either to restomtion or repair of tt�e Property or to tlie sums
<br /> secura!by ti�is Sc:surlty Instnement,whether or nut thon due.
<br /> Unless l.en�er and 8onower otherwise agrce� in writing, sniy applia►cion of proceeds to principtd si�aU not extend or
<br /> poit�x�nc the due 6ate ot the monthiy payments reterred�a in par►gr,�phs I a�id Z or c:za;agv tiw uwuu��t o�sucn p����nu.
<br /> 11.Borrower Not Relc�sed;rorbearance Hy Lender lelmt a Waivcr.Extension of the time for payment or mod9fication
<br /> of aznortiwtion of the r,ums secured by this Security Instrumar,a granted by�.ender to any succcssor in interest of Borrower shall
<br /> not operate to irlcase tlie liability of thc original Borrowcr or Borrowcr's successors in interest. Lender shall not be required to
<br /> commence prarxdings against 1ny successor in inter�st or refuse to extend time for payment or otherwise modify amortiratiun
<br /> of the sums sccured by this Security Instrument by rcason of any dcrnand made by the originul Borrowcr or !Barrowcr's
<br /> succGSSOrs in interest. Any forbearance by L.ender in exercising any right or remedy shall not be a waiver of or pruludc the
<br /> exercise of any right or remedy.
<br /> 12. Successars and Assigns Bound; doint and Several LiubiUty; Cn-signers. The covenants and agrcements of this
<br /> Security instrumerzt shall bind artd beiiefit the successors und assigns�a4'i.ender and Borrower, subject to the provisions of
<br /> paragraph l7. Ibnower's covenants and agreements shaU be joint and severnl. Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, gr.�nt and convey that
<br /> BorroW�er's interest in the Propeny under the terms of this Security Instrument; (b) is not persanally obliguted to pay thc sums
<br /> secured by this Security Instrument;nnd(c)ugcces thut Lender and any other Burrower may agree to extend, modify,forbear or
<br /> muke any accommodatlons with regard to the terms of this Security Instrument or the Note without chat Born�wer's consent.
<br /> 13.Loan Ch�tges.If the loan secured by this Securety lnstrument is subject to a 1aw which sets maximum loan charges,
<br /> and tltat law is fi�tally interpreted so that the interest or othor loan char�es coflected or to be collectal in connection wi[h the -
<br /> lo.1n excced the permitted limits, then: (a)any such loan churge shall be reduced by the amount necessary to reduce the char�e '
<br /> to the permitted liimit; and(b)any sums aiready coilectod from Borro�ver which exceeded permitted limits will be refunded to -
<br /> Horrower. L.�nder may choose to make this refund by reducing the p�incipal ow•cd under the Note or by makin� a dirc;ct —
<br /> payment to �orrawer. If a reiund reduces principal, the reduction �vill be treated as a partial prepayment witliout any =
<br /> prepayment charge under tl�e Note. . =
<br /> 14.Notfca. Any notice to Borrower pmvided for in this Securiry Instrumcnt shall be given by delivering it or by mailing =
<br /> � it by first class mail unless applicable Inw requires use of nnather method.The notice shall be directed to the Property Address �
<br /> � or any odier nddness Borrower designutes by notice to Lender. Any notice to Lender shall be �iven by S'irst cla�� mail ro �
<br /> L.ender's uddress stnteci herein or uny other addre.es Lender designates by notice to Bottower. Any notice provid�:d for in this
<br /> Security Insirumcnt sl�all be.decmed to havc bcen given to�iarrowcr or Lender when given as providcd in this pars�graph. -
<br /> ' 1S.Governing Law; Scvcrability. This Sccurity Instrumcnt shall be govcrncd by fcdcral la�v and th� law c�f thc
<br /> jarisdiction in which the Prop:rty is located. In tlie event that any provision or clause of th�s Security instrument or the Note .
<br /> conflicts wit{�applicab1e law,sucl�conflict shall not affect other prnvisions of this S��curity Instrument or the Notc�vhich can be -
<br /> givcn effcct witliout the contlicting provision.Tu this end the provisions of this Security Instrument and the Noie ure dcclared j
<br /> to be scvcrable. �
<br /> 16.Borrowcr's Copy. Borro�vcr shall bc givcn one conformcd copy of thc Notc and of this Security instrument.
<br /> Form 3028 9/90
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