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<br /> �a ntcnts ma im t�nt;cr bc rcq��ircd. cit�hc uptiun nf Lcndcr, if martgapc insur�:ucc ccwcrilJC �IO IIIC NIRUUI�r und fur tl�c(izria:.l �._. _
<br /> lY Y �
<br /> that Lr.�xlcr rcyuires)prnvided l�y iui insurcr npnravcd by l.cndcr again bcrnmc�ovailuble niid iw nbwincil. 13nerotivcr sh:dl pny
<br /> ihe premium�rcquirc�to mahituia iumtgnge insuriince in effect,nr to peavtde n lass rescrve,widl Ihc rcyuirement far mortgage
<br /> iiisura�kc cixis in accordanc.c with nny writtcn nsrccinent�ct�vctn k3oPro�vcr nnd Lci�dcr c�r aP2�licnblc la�v.
<br /> 9. Insy�ecllan. Lender or its acent m�y makc reasonabte encrtes upon and(nspections of the Property. l.endcr shall give
<br /> yurr�►we�;iut+cc N1 ti►c ilmc of or prior ta an in�;{�;�r,tion s��ccii'yinr rcasnuabic causc for tlir,inspcct{an.
<br /> 10. Cortdem►wtion. Tl�e procceds of any uward or clium far damn�es,direct or c�nsequcnnal. in connection witi�a►�y
<br /> can�lcmnmion ar other mkiitg of any part of Uic Property.or for conveyance in ficu of condemnation, arc hereby nssigned acbd
<br /> slinll bc paid tu Lencier. I�ed ta die sums secured by this Seeurity Instrumenc.
<br /> In the cvent af u tot11 taking of the Pruperiy,thc procecds shull be app' _
<br /> whether or not then due. with any excess p7id to Borrawer. In the event of n paniul taking �f the Prupeny in whici� the fair _
<br /> murket value�f thc Prop:.rty im�n�slintely beforc the tnking is cqual to or�rcatcr than die amount of the sums se�ured by thls
<br /> Security instn►ment i�nmediatcly bcfarc the taking,unlcss Borrowcr mr1 Lcndcr othcrwisc agrce in writing,thc sums sccureJ 6y
<br /> this Security instrument s1iaU be Tcduced by the amour.t of the praceeds multiplied by the following fiaction: (a) the tot:il
<br /> amount of thc sums secured immcdiatcly before Uie tnkinb, dividcAl by (b)th�: fair mnrket value af thc Froperty immuliately
<br /> before the tuking. A.ny b�lance shall be paid to Borrower. In the event of n partinl tuking of tlie Praperty in which the fair
<br /> market value�f the Praperty immediately before thc tuking i�less than the amount uf the sums secured immecliately before th� —
<br /> tzking, unless Barrower and Lender otherwise agree in wciting or unless appliclble In�v citherwise provides, the proceeds shull
<br /> be applied ta the sums securcd by this Security instrua�eut�vhethcr or nat the sums��re nc�n due. .
<br /> If the Property is abandoned by Horrawer,or if,after natice by Lcnder to Borrower that the condemnor offe�s ta make an _
<br /> award or settle a ciuim iu, d�agcs. Earroerer fsils to respond tn L.ender�vithin 30 davs uftcr the datc the notice is given, _ _
<br /> Lender is atithori2cd to collect.nd appl}'d�e proceeds,at its option,cidier ta rc�rorition or repair af the Propetty or to the sums __,
<br /> secunci by this Se;curity InstNment, whether or not then due. _
<br /> Unless Lender and Eorrawcr atherwise agrce in writing, :iny application of proceeds to principal sf�all not cxtcnd or
<br /> postpone the due date of 4h�monthly payments referred to in pamgraphs 1 nnd 2 ar chAnge the amount of such payments. —
<br /> 2�,nQ6•!•nwer Not IZcicused;Forbeurxnce IIy I,ender Not a�'Vaiver.Bxtension of thc timc for payment or modification I_ q
<br /> of nn7ortiz�ttion of the sums secured by this Security Instrument granted by Lender to uny successor in interes[of Borruwer s{�afl _
<br /> not aperate to rcicase the liubility of the original Borrower or Borrowcr's successors in intcrest. Lender shall not be required to
<br /> commence proc�dings against any successor in inte�est or re!'use to extend time for payment or otherwise tnodify amortizntion
<br /> of the sums secured by tnis Sccurity In�iruu�c,d �y r�an �:' �.".; dPn'='"`� made hy the oriein�l Dormwer or Barrower's -
<br /> sueeessors in interest.Any forbelrance by Lender in exereising any right or remeciy shall not be a waiver of or piaclude the
<br /> exercise of any right or remedy. __—
<br /> 12. Succcssors nnd Assi�ns Bound; Jofnt and Several Ltabil[ty; Ca-sl�ners. The covenants :►nd agreements of this �.�.
<br /> Security Instrument shall bind und benefit the successort and assigns af Lender a�id Borrowcr, subject to thc provisions of
<br /> paragraph l'l. Borcower's covenants and agreements shAll be juint and several. Any Borrower who co-si�ns this Security ��_
<br /> [nstrument but does not exccute the Note: (u) is¢o-signinfi this Security Inserument only ta mnrtgage, grant and ccnvey that
<br /> Borrowcr's interest in the Properry under the terms af this Sccuriry Instrument;(b)is not personally oblignted to pay the sums �,�_
<br /> secured by thls Security Instrument: mid(c)a�rr.cs that I.ender and any other Borrowcr may agrce to cxtehd,modify,forbear or �,u .
<br /> make any uccommodations wath regard to the terms of this Sewrity Instrument ur the Note without that Bo��ro�vei s consent. �;,;�,;-
<br /> �'�::--
<br /> 13.Loan Cttarges. If the loan secured by this Security Instrument is sabject to a law whicl►sets maximum loan charges, ,�,,,.
<br /> and that I�w is finally interpreted so that the interest or other loan charges collected or ta be collected in connection wiU► the —_
<br /> loan exceed the perinitted limits,then: (a)any sud�luan charge shall be rcduced by thc amuunt necessary to reduce the cliarge �.-
<br /> ro the permitte.�i limit;and(b) any sums already collected from Borrowe.r which exceecied permitted limits will be refunded to �L,
<br /> Bonower. Lender m1y choose to malce t{iis refund by reducing the principal owed under the Note or by making a direct --=
<br /> payment to Aono�ver. If a refund reduces principal, the reduction will be treated as a parcial prepuyment without any �`:�
<br /> prepayment charge undcr the Note. ��-
<br /> 14.Notices.Any notice to Borrower provided for in this Security Inst►unient shall be given by delivering it or by mailing __
<br />_ it by first cl�ss mail unless applicable law requires use of another mcthod.The notice shall be directed to the Propeny Address
<br />_ or any other uddress Borrower designates by notice to Lcndcr. Any notice to l.cndcr shall bc givcn by first class mail to
<br />- t.ender's address statcd hcrein or any other nddress Lcndcr designates by noticc to Borrower. Any notice provided far in this
<br />_= Securiry instrument shall '�c dcemed to have be;cn givcn to Borrowcr or L,cndcr when given as provided in this pxragraph.
<br /> - 15.Governing Law; Severabiltty. This Security Instrument shall be governed by fedcrnl law and thc law of the
<br />- jurisdiction in which the Propeny is locuted. In the event that any provision or clause of this Security instrument or the Note
<br />= confllcts with applicable linv� such conflict shall not affect ather provisions of this Security Instrument ar the Note which can be
<br /> � given effect without die conflicting provision. To this end the provisions of this Sccuriry Instrument nnd thc Note ure decl�red
<br /> - to bc s�vcrable.
<br /> - IJG.Borro�ver's Copy,I3orrawer shnll be giv�n one confomied copy af the Notc and of this Security Instrument.
<br />— Farm 3020 9/90
<br />_ PaOO 4 of 6 .
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