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<br /> payments n�ay no IonGer bc requircd, nt the optiun nf l.cnder. it mnrtg�ge Disurance c�verage(in twu un�ount�nd fur�he peri��d
<br /> that[.rndKr r�quires)provi�ai by un insurer s►pproveci by Lendor again lxcames avuilable und� obt�inev. Normwer Fhall pwy
<br /> the premiumw rcyuirect ta maimain mo�Ygragc insurance 9n c(fcct,or to providc a loss rescr✓e.until the requiremont Sar itt�rtgage
<br /> It11U!':t1iCC�INi9 tli lILC0it�8�ICC Witii liii}+Wi'tYtGii tigTa:i:liiCli[L'L'lW::::il L�Ui'iOi.'�I'ai1tJ I.C11tIer or applic�blc la��:.
<br /> 9. Inspectlon.Ixnder or its ugent may mnke reasonable entries u�n aixl inspections oF tiie Property. L,ender sl�all give
<br /> �orrower nutiee at the tim�of�r prinr ta csn inspectian specifying reasonu�le cause for the inspection. -
<br /> 10. Condemnatian.The proceeds of any nvrard o�r claim for damages, direct or consequentiul. in connection with any
<br /> c.�ndemnation c�r othcr taking of any part of thc Properly, or fnr conveyance in licu of rondcmnztion. arc hercby ussigneei ai�d
<br /> shall bc paid ta Lcnder. _
<br /> In�lieeveut of u totnl takiug of the 4roperty,thc procczds shall bc applicd to thc swns sexured by this Securiry Ins�rument, ---
<br /> whether or not them due, with any�xccss paid to Borrower. In the event of a partinl taking of atic Property iR whicli thc fuir
<br /> market value of the Propeny imm�diatcly before the tnking is eqaal to or greuter than the amnunt of the sums sccuro3 by this
<br /> Security Instrc�mcnt immediately before the taking,unless Bonower and I..ender otherwise agrce in writing, N�e sums sccurcd by
<br /> this Security Instrument shall be raiuced by the amount of the proceeds multiplied by the folluwin� fraction: (a) the total
<br /> an:on�t of the sums secured immediateiy before the ta;cing, divided by (b) the fair market.valuc of the Propeny irrunediately
<br /> before Ehe ta{.-ing. Any balance sh�ll be paid to Bono�ver. In the event of a partial talcing of the Property in which the fssir
<br /> market�aluc of the Prapcny immediately be�orc tlte taking is less than th�amount�f the sums secured lmntediately b�fore the
<br /> taking, unless Donower and I.ender atlierwise agree in writing or unless applicabte IAw athcnvise pmvides,the procecds shall
<br /> be applirri m the Sunis sec�red by this Su:uriiy fn,�rw�i�u�uhztt�tr.�r n.�t tY�;ums are th�n duc. �_-_
<br /> It the Fropeny is abandoned by Borrower,or ii,aiier nutice by ixu�ici t�r Bu,�ower that thc condemnar offers to ms.ke a:i --
<br /> award or scttic a cluim far damagcs, Donower tails to respond to Lendcr �vithin 30 days after thc date thc noticc is given,
<br /> Lendar is autharized to collect and apply the pruceeds,at its option,either to restoration or repair of the Pr�perty or to tlie sums
<br /> secumd by this Security Instrument,whcthcr or not then due.
<br /> Unle.cs L.cnder und Bnrrower othenvisc agrce in �vriting, any zpplication of procecds to pnncipal shall not cxtend or -_
<br /> postpone the due Jate of the monthly payments referred tci in parabraphs f and 2 or change the am�un�of such payments.
<br /> 11. Bnrroa•cr Nnt Rciensed;Furbearance Iiy I.endcr Nut n Wi�iver. tixtcnsinn of the timc for paynycnt c�r modificatiAn -
<br /> of nmorti�ation of the sums sr.cured by thiti Serurity Insh•ument grnnxd hy lAncler to uny sucressvr in interest ot'Borrower shuU
<br /> nnt�iperatc ti� rcicatic thc li.�bility of Uic original i�orrowcr or Borrowcr's tiucccssors in mtc�cst. i.cndcr shali not bc rcquirca to �
<br /> commcncc prurccd3nEs apuinst uny succcssor in intcrest ur rcfusc tc�cxtcnd timc for paynicnt or othcrwisc modify amortil.�tion
<br /> of the sums sccurcd by lhis Suurity Instrununt hy rcason of any dcnuind madc hy thc original Borrowcr or F3orrowcr's
<br /> succcssors in intcrest. Any furbearancc by I.ender in cxcrcising any right ur rcntcdy shall nnt bc a waivcr of or preclude the
<br /> exercise��f any right or rcmedy.
<br /> 1Z. Successors nnd Assl�;ns Bottnd; Jolnt und Several Ltnbility; Co-si�ners. 'Phe cavenants and agreements of this -
<br /> Security Instrument shall bind and benefit the successors and nssigns of l.ender and Borrower, subject to the provisions of �
<br /> paragraph l7. Borrower's covenunts aud ugrecmcnts shall be joint und scvcral. Any Borrower �vlio cc�-signs this Security -�`
<br />, [nstrument but docs not execute the Note: (a) is co-signing thi�Securiry Instrument only to mortguge,grant and convey that �=�`
<br /> Bonower's i�iterest in the Property under thc tcrms of this Sccurity Instrument; (b) is not personally obligated to pzy the sums ����
<br /> secured by this Security Instrument; and(c)agrces that Lender and any other IIorrower may agrce to extend,modify, forbear or �'R�'
<br /> c.;a
<br /> make any.iccommodations with regard to the tenns of this Securiry Instrument or the Note without that 8orrower's consent. ��- -
<br /> 13. I.aun Cl�arges.If the loan secured by this Security Instn�ment is subject to a la�v which sets maxinrum loan charges,
<br /> and that law is finally intemreted so that the interest or other loan charges coUected or tn be coUected in connection with the ���;
<br /> loan exceeil tlie permitted IimiGs, then: (a)any such loan charge shall be reduced by the amount necessury to reduce the charge
<br />: ta the permitted limit: and (�)a��y sums already collected from Borrower which exceeded permitted limits will be refunded to ���•
<br /> Borrawer. Lender may choose to make this refund by rcducing the principal owed under the Note or by making a direct � ��`
<br /> payment to 6onawer. If a refund reciuces principal, the reduction will be treated as a partial prepayment without any
<br /> prcpayment chargc undcr thc Notc. � •
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<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument shull be given by dclivering it or by mailing
<br /> it by first class mail unless applicable law requires usc of anothcr method. Thc noticc shaU bc directcd to the Property Address �
<br /> or any other address Dorrower dcsignatcs by noticc to Lender. Any notice to Lcndcr shall bc given by first class mail to
<br /> Lender's address stated Irerein or any other address Lender clesignates by notice to Borrower. Any notice provide:d for in this
<br /> Security Instrument shall be deemcd to have been given to Borrowcr or L:ndcr when givcn as providcd in this paragraph. .
<br /> 15.Governin� Law; Severabilitv. This Security In�trument shall be govcrncd by fcder�l lativ und thc la�v of thc
<br /> jurisdiction in which the Property is lucateci. In the event that any prc,vision or cluuse of this Security Instrume�t or the Note
<br /> conflicts aith app�irable law,such a�nflict shull nut affect other provisions uf this Sccurity Instrument or the Note which can be
<br /> given effect without the cc�nllicting provision. To this end the provisions of this 5ecurity Instrument and the Note ure declared
<br /> to bc scverablc.
<br /> 16. Borrna•er's Copy.Borrowcr shall bc given onc conformcd copy of the Natc anJ af this Securiry Instrument. "
<br /> Form 3020 9/90
<br /> Papa 4 0l 0
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