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<br /> �i�ymrnts muy nu iongnn c���cyuisc�.+it�hc��ption«P l.cndcr. iP niongugc insurancc c�ireroga(in tho imiuunt and for�hc�crlocl --
<br /> tt�at I.c�ukr rcqulres)�inwtdeQ By iin Insurcr iipprovcd hy I.ciidcr aguin becam�cs nv,iilahlc und is oUt�incd, s3c�n•o�ver shall pay
<br /> Uie prenilum9 rcyuirc�l te+maintnin mortgnge insurzmcc in efl'ect,ur ta provide n lass reserve, until�hc reyulrcnient for martsage
<br /> ie�:,ara�i��c��ds in uccu��danc+:u'ith any~vritten a�rcemen�hetwecn I�urr��wcr imd l,ender or npplicable law. ! --_:
<br /> 9.Inspecttm�. L.cndcr ur its ngc�it m;ry m:ikc rcusoni�blc cntrics u�n nnd inspcctions uf tiic Pruperty. Lendcr shaU give
<br /> 13arrawcr noticc A1 ihc timc of or priar to nn lnspection specii'ying rcasonablc cuusc fnf titc inspcction.
<br /> lU.Cc�ude�mtAttoc�. Thc proc�eds �f any uwivd or claim for damagcs, (II[CCL Oi CO115CQLLCIIIIIII, in connecdon with nny
<br /> e��ndtmnntiun ar other takfng of any p.�et of N�e Propeny,or for eonveyunee in lieu of conclemnaUon,are hereby nssignad and
<br /> shall I>c paid ro l.endcr. --
<br /> lu thc event of u total tc�king of thc Propeny,thc procecds shall be upplicd to thc sums sccurcd by this Secur�ty Instniment.
<br /> wheUier or not dien due, with any cxcess paid to Burrowcr. In thc cvent of u partial taking of the Prc�perty in wl�ich thc fai�
<br /> murket vnldte of thc�'rapeny immediutely before the t:►king is equal to��r gn;ater than the amount of thc sums secured by this
<br /> Securicy lnstiununt immcdiatcly before the t�kin�,unless Barrower nnd Lendcr othcrwise agree in writing,the sums securcAl by
<br /> tl�fs Security Instrument shall be reduccd by ehe amount of the proceeds multiplied by the follo�ving fraction: (n) the tatul
<br /> anwunt of the sums sccur�ed immcdiotely before thc tuking, divided by(b)thc fair market valuc e�f che Praperty immediately
<br /> bcforc thc taking. Any balancc sliall 6e paid to aarrower. in thc cvent of a panial taking of the Property in which lhc fuir
<br /> market vulue of dic Propertry immediately before thc taking i�less tha�►thc amaunt of the s�sms secur� inunediatcly heforc the �___
<br /> eaking. unless Borrmver and I.cnder othcnvisc agree in writing or unlcss applicablc law�thcrwisc providcs, the proceeds shnll _.---
<br /> be appiic�!tu Qie,un►s+.:cw�xl Ly[hi,Su.urity Instrumcnt��hcther or not the s��n�arc Ihen due. -'
<br /> If th� Propeny is abanclone�!by Bomnver, or if,af�cr notice by Lender to Borrower that the condemnor offers to muke an 4_r°'
<br /> �^_,. .
<br /> awnrd ar settle a claim for dar►sagcs. Borrower fails to respond to Lender within 30 days after the date thc notice is given, _
<br /> l.ender is authorized to collect und appiy the proceeds, at its option,either to restorution or repair of the Property or to the sums �.=__
<br /> secured by this Security Instrument,whether or not then due. __—
<br /> e���►��s t,�nder and Bonowcr othenvise agrce in �vriting, any application of procceds to principal shall not extend or '-�_.__
<br /> postpone the due date of thc monthly paymcnts refened w in paragraphs 1 and 2 or change the amount ot sucn paymcros. �;=�-
<br /> 11.Borrowcr Not Rcleascd;For6earunce Iiy Lendcr Nut a Wniver.Extension of thc timc for payment or modiCcation _ _
<br /> of amortization of the sums securul by this Securiry Instrument granted by Lcnder to uny successor in iiiterest of Borrotiver shall __-
<br /> not operate ta releasc thc iiabiiity oi cnc��riginal Bu��awe�ar Corr•:::.r;����.`�i�!*.2 7.^.tnrnct, It�t��1�Y ch:dl not bc reauiecd to =--
<br /> commence proceedin�s against any successor in interest or refuse to extend time for payment o�•atherwise modify amortization ___
<br /> of the sums secured by tl�is Security Instrument by rcasan of any demand mnde by the origin�l Horro�vcr or Borrower's e��,
<br /> successorc in interest. Any forbcarance by L.ender in exercising any right or mme.dy shall not be a w3iver of or preclude the =_�
<br /> exercise af any right or remedy. -
<br />- 12. Successors und Assigns Bound; JoEnt and Several Liubility; Co-signers. The covcnants and agrcements of this L
<br /> Security Instniment shall bind and benef►t the successors and assigns of Lender and Bonower, subject t�the provisions of �.
<br /> paragrapt► 17. Borrowcr's covenants and agrec:ments shal) bc joint and several. Any Borrowcr who co-signs this 5ecurity E,,-�;
<br /> Instrument but does not execute the Note: (a) is ca-signing this Security Instrumcnt only ro mongage,grant and convey that �;;_°'
<br />- Bonower's intcrest in the Property under thc tenns of this Security Instrument;(b) is not personally obligated to pay tl-�e sums "`
<br /> secured by this Sccurity Instrument:and(c)agrecs that Lendcr and uny�uher Borrower may agrec to cxtcnd, modify, forbear or
<br />- make any accommodutians witli rcgard to the terms of this Security Gtistrument ur the Note without that Borrower's consent.
<br /> L3.Loan Charqes. If the loan sccuted by this Security lnstrument is subject to s law�viiich sets maxdmum loan charges,
<br />- and that la�v is tinaUy interpreted so that the interest ur other loan rharges collected or to be coll��[ed in connection with the `
<br />_ loan exceed the permitted limits. then: (a)any such loan charge shall be reduced hv the amuunt necess�ry tn rcluce the char�e
<br />= to the permitted limit; and(b)any sums already colleceed from Borrower�vhich exceeded permitted limits will be refunded to .
<br />-, Borrower. Lender may choose to make this rcfund by reducing the principal oweci undcr the Note or by making a direct :
<br />_� pay►rient to Borrower. lf n refund redures principal, the rcduction will hc tn:atrd as a pareial prcpuyment without any �.
<br /> prepayment charge under thc Note.
<br /> 14.IVotices.Any notice to Borroaer provided for in this Security[nstrument shull be given by dclivering it or by mailing
<br />- it�by firsc cl;�.ss mail unless applicable law requires use of another method.Tne noticc shall be directed to the Property Address ,
<br />- or any othcr addrcss Borrowcr dcsignatcs by notice to Lendcr. Any notice ta L.cndcr shall be given by fint dass mail to
<br />" Lender's address stated fierein or any other address Lender designates by notice to Borro�ver. Any notice provided for in this
<br />' Securiry[nstrumcnt shatl Nc decmed to have been given ro Borrower or L.cnaer when given as provided in this parugraph.
<br />= I5.Coverning La�v; Sevcr:�bility. This Sccurity Instrutnent shall bc govcrncd by fcdcral I.nv and the law of the
<br />�� jurisdiction in which d►e Property is located. In the event that any pmvision or rlause of this Security]nstrumeiu or the Note
<br /> conflicts with applicab�e la�v, such conflict shall not affect othcr provisiuns af this Security Instrurnent��r the Note which can be
<br />- given effect without the contlicting provision. To tl�is end the provisions of this Security Instrument and the Nate are declared
<br />- to bc scvcrable. �
<br />° l6. �:iorrowei•'s Copy.Borrower shall be givcn one confurmcd copy of the Note unJ ot'this Suu�iry Instrununt.
<br />- Forn►302H 9I90
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