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<br /> �� �- - paymcnts may no longcr Uc i�equircd,ut thc uption uf i.cud6e, if mortgaga insurnncc cavcragc(on thc amoimt cmd for�l�c perio;l
<br /> - th,�t I.ender rcqulres)pravided by an isisurer npprovcd by I..c�xler uguin bccotnes avaifablc and is abtalned. Hnrrowcr shail p�y
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<br /> `'�'°`'�"�'�° thc premiums rcquir�.�to maisit�ii�mor�bagc insuranc�in cffcc:t.ar to providc a loss rescrvc,until ch�rc�td[�ttt�:�1C foc ittot't^,�,^,C
<br /> insurancc cnds in o.ccaMance with a�y w�itecn i�grcemcnt I�ctwccn Boer��acr ancl l.ender or upplicubl,,law.
<br /> � 9. Inspccdon. [�cndcr or its ngent nuiy makc reasanablc cntdes upon and inspcction�of thc I'rop�rty. I.cndcr shall �ivr,
<br /> - � -- Iiarrawer notice nt thc timc af ar prior to nn inspertio►a speclfyins re:tsonable causc for thc iiis�tion.
<br /> -- 10. Cnndemnutlon. The proceuls of any tt�vard or claim fos dam�ges. direct or conscqucntinl, in cnnnecoion with [tny --
<br /> =�==Ht�''� concicmnation nr oth�r taking of nny purt af thc Froperty,ur for convcyunce in licu af mndcmnutian,rrc hcr�by us5igncci and
<br /> �_"_�°��"-�� shaU be paid to I.ender. �-_-
<br /> -�'=�!�! In thc evcnt of a tot�l tuking af the I�roperty,the proceeds shall 6e applied to the sums sccural by this Security Instrument,
<br /> .��� � whether or nat then due, wieh any excess paid to Borrower. ln die event uf u partiul taking of the Propeny in which the fair
<br />_s:� ,t,�'.i=S .•
<br /> ,,�,�! markct vnlue of�he Property immediatcly beforc thc tuking is equal to or grcatcr thnn thc amount�f the sums sccured by this
<br />-a.�`r;',`,- - Securiry Instrument immediately before the taking,unless Bon•ower and L.ender otherwise agrce in writing,dic sums sccured bl� --
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<br /> ';`-�'-- this Securii instrument shall 6e reduced b the umaunt of the roceeds rr�ulti l�ed b the followin frnction: (a) the total
<br /> ,:,;�:. Y Y P P� Y 8
<br /> Tr:;;�'�;%,, lmount of the sums sccured immediately before the tuking, dividcd by (b) the F'air murket value of the Property immediately
<br /> -.,'��CC;:;�;:,. • before the tuking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> .`.v;,:���t,�.^6, market vaWe of the Property immediately before the taking is Iess than the amount of the sums secured immecliutely before the
<br /> � ;. taking, unless Harrower and Lender othcrwise agrcc in writing or unless applicnblc law atherwisc provides, the proceeds sh�l! _
<br />.'• r. � ".,, ,�„� be upplicd to the sums sccurecl by this Security Instrarncnt whether or not the sums are then due. _--"-
<br /> �����`'�����` if 1t�4 Pcopery is abandoned b�Aarro�:�er, or if,after nulice oy i.enc+cr to Bor�ower thzt the condemnur ofie:s to make an �=�--
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<br /> . � . � - award or setde a claim for dam:�gex, Riirrower fail, tu respond to Lender within 30 days after the date the noticc is given, �-_-
<br /> L.cnder is authorized ta collect and apply the procceds,at its option,either to restoration or rcpair of the Property or ta the sums --
<br /> ° secured by this Securiry Instrument,�vhether or not thcn duc. �_:_
<br />_ ���; Unless Lender �nd Borrower othenvise agree in writing, any Upplication of proceeds to principal shall net ��r.tcnd or =_
<br /> - - ost one►iie due date ot tne montnl a ment�reterred to in ara ra hs � and 2 or chnn e the umoun:ot sucn a mcr.i�. �`•
<br /> `:—; -'�:..�� P P Y P'Y P' � P 8 P'Y �,r,
<br />, - -� 1l. Aorro�ver Not Released;Forfies►ruatce By i.ender Not n Wniver. Extension of the ume for pa}•ment or modification �-
<br /> , _`.-,__
<br /> ' cn amonizatian oi me sums secured'oy cbi+Securiry inscrumenc gruncc:d'ny Lender co any successor in interesc oi 8orrower shaii
<br /> not operatc to rclense the liability of the originul Borrower or Borrower's succcssors in intcrest. Lcnder shall not be required to `'�
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwi.e modify umortization ��;;�?'
<br /> � of the sums secured by this Securiry Instrument by reason of any dernand made by the original B��rrower or Borrower's -
<br /> successors in interest. Any ;orbearance by L.ender in exercising any right or remedy shall not be a waiver of or preclude the -
<br /> cxcrcise of any right or remedy. '� "'"
<br /> l2. Successors und Assi�ns Bound; Joint nnd Several I.fability; Co-si�ners. The covenants and a�;rcements of this `��y'�
<br /> :, -
<br /> Security Instrument shall bind and benefit the successorti and arsigns of Lender and Borrower, subject to the provisions of , .�.;.:
<br /> � paragraph 17. Borrower's covenunts and ��reements shall be joint and tieveral. Any Borrower who co-signs this Sccuriry .:��:�;'
<br /> � Instrument but does not executc the Note: (a) is co-signing this Security Instrument only to mongage. grant and canvey that • ':
<br /> Borrowcr's interest in the Property under the tcrms of this Security Instrument:(b) ir nat personally obligated to pay the sums
<br /> , ,� secured by this Securiry Instrument;and(c)agrees that Lender anJ any other Rorrower msy agree to extend, modify.forbcar or
<br /> ' makc any accommodations wicli regard to thc tcrms of this Sccurity Instrunicnt or ttic Notc without that Borrowcr's conscnt.
<br /> 13. I.oun Charges. If'the loan secureci by this Security Instrument is subject to a law whicli sets maximum loan charges,
<br /> � and that law is finully interpreted sn that the intcrest or other loan charges collected c�r to bc collectcd in connection �vith the
<br /> , � ;`•.; loan cxcced thc permitted limits, thcn: (a)any�urh loan chargc shall be rcduccd by thc a►nount ncres,�ry tu reducc thc charge
<br /> . „ ',..j to thc permitted limit;and(b)any sums alrcady rollcrtcJ from Borrower which cxccrJcd permiltcd limits will bc�rfundccl tn ,
<br /> Borrower. Lender may choose tu makc this refund by reducing the principul uwed undcr the N<uc c�r hy making a direct
<br /> • � ,,i� payment to Borrowcr. if a rcfund reduces prinripal, thc rcJuction will be tmated a� a partial prepaymcnt without any
<br /> � prcpayment chargc undcr thc Notc. I ,
<br /> 14.NotEces.Any noticc to Bnrrowcr pmvidcd tirr in this Scrurity fnstrumcnt shall bc givcn hy dcliv�ring it cu by mailing � '
<br /> � it by first class mail unless upplicable law rcquires u�e uf unuther mcthod. Thc noticc shaU he dire�ted tu the Prupcny Address
<br />_ or any other uddress Borrowcr dctiignates by notice to I.�nder. Any notice to Lendcr shall he givcn hy tirxt rlasti mail ro
<br />' ; Lc:ndcr's;�ddress stated hcrein or any e�thcr address Lcndcr dcsi�natc,hy noticc to Borrower. llny notirc providcd f�r in this � '�
<br />_ : 5ecurity Inxtrument shall he deem�d tu have bccn given tu Burr�iwcr c,r Lcndcr whcn givcn ati providcd in thi�para�;ruph. I „
<br />_. 15.Covernin� l.aw; Severubllity. This S�rurity Insn�ununt �h.►II he guvrrncJ hy I'cdcral law anJ thc I;�w of'thc
<br />" „ jurisdiction in whirh the Propet�ty iti locatcd. In thc event that any provision or rlause nf this Scrurity Intitrument or the Note t
<br /> . rontlicts with applicable law, ,uch runflirt shall not affect other provisions of thiti Srcuriry lnstrununt or the Ncxc which ran bc
<br />- �iven eff'ect withaut thc cont7icting provision. Tu this end the provisiuns of'this Security Instrumcnt :m�l thc Note am declared i
<br /> to hc sevcrablc. l .
<br /> 1G.13orrnwer's Copy. Borrower shall be given une cc�rifurmed rupy of the Nate und cif thiti Securiry Intitrument. �
<br />- ' Form 3028 9/90
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