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<br /> p�ymentx m�y►wa lomger be�eyuirdd.at thc optton af zcnder.iP mortgago Insurance coverege(in the�nt�nd fAr the perial
<br /> 1h�t l.end�c roquires)pmvWud by nn lnsurer�ppmved by Lendcr agafn Foconxa�vatl�ble and is c�tnaf. Sanower stirli p�y
<br /> thu prrmiunu�uired ta mttiintain mong�a insurance In et'fect.orta provide a loa�resecve,until the rryuirenxnt Eor mart�e"
<br /> inturr�x,o ende ice acroidar�co with any wdtten ege�eement betwan H�atmwer�t►ct I.endee or�pplic�ble IRw.
<br /> 9.dr�;::etC:,u.[.ciut::r oe tte;og:�tit�i�y n�icc c�;:.sanab3c cniri�:,ugon n�in��z:�tians af th: Pmy�aty.I�nd:.r skstl�Ivr. •
<br /> Borrower notice at the dmt of or ptior to wn impection speclfyiag re,�snrmble oawio for tha Inspeetion.
<br /> 10. Cotxkwftnalbn.Tt►e proceeds of a��y awaM ar claim far dainogcs. diroct or sonseqwsnti�l. in r.�nt�ection wlth any
<br /> candemrwtfon ar other u►king af any part of thc Froperty.or fnr comcyanco in liea of rondeau�tion,arc hcre6y ussigned and
<br /> �l�il bo paid tn Lander.
<br /> In thc ovent of a totnl taking of thc Property.thc proceeds shnll be opplicd to the sums securcd by thls Securfty[natrument,
<br /> whethcr or nat thcn duc. with any cxccss paid to�arrowcr. in thc cvcnt of s�p.�uijal tn�lrsg oY ihe Fraperiy In tivhl:h the €air
<br /> market vulue of the Prapaty immediately befare the wking is cqual tn or gres�tcr than tho amount of�he sun�.s secure�by thi�
<br /> Securiry Instrument imrr�Qiutely befane the tnking,unless Borrower and Leader otharwise agcee in w�iting.tho sums sectired by
<br /> tbis Security Inssnunent shul! be reduced by the amouM af the praceeds muldplied b�r the foltawing fraction: Qa) the totat
<br /> amount of the 6ums secured immedIateiy before the tnking.dividod by(b)the tnir market vulue of the Property immodEately
<br /> before ehc taking. Any balanco shall be pvid to Borrower. tn the event of a panlol taking of tho Property in which t6e fair
<br /> market vnlue of tho Property immediately befare the taking is less than the umount of the suius securcd immed'utely before the
<br /> ta�Ing.unless Borrawer nnd I,ender othetwise agtec[n writing or untess sipplic�ble law otherwlsc provides.the praceeits shall �
<br /> be appltod to dte sums secured by this Securiry Insteumcnt whether or not the sums ure then due.
<br /> If the Property ls aban�toned by Borrower,or if.after rtatice by l.ender to Horrower that the condemnor offer�w make an
<br /> award or settle u clt�m for dumages. �orrower fails to r�pond to Lender wlthin 30 days after the dato tha notia is giv�n�
<br /> Lender is authorized to rnllect and npply the proceeds,ut its aptton,either to mstoratlon or repair of the Property or to the sums
<br /> securai by this Security Inswment,whethrr or not then due.
<br /> Unlr,ss Lender und Borrower othenvise ngree in wrbting. any upplicution of pt�ceeds cn Qriqtipal shnll tEat extend or
<br /> postpone the due dute of the monthly paymen�g r�ferned tu in para�aphs I und 2 or chenge the amount of such paymenGS.
<br /> 11.Borrower Not Released;Forbearance By Lender Not s Wutver.Eatension of the tIme for payment or modificarion
<br /> of amortizution af the sums secured by this Secunry[nsnument�ranted by Lender to siny successar in inurest of Borrower snall
<br /> not operate to release the Itubility of the origi��al Borwwer or Borrower's successors in interest.Lender shall not br reyuired to
<br /> commen¢e proceedings ngainst nny successor in interes[or refuse to eatend time for payment or oth�rwise modify amortimtion `
<br /> of the st►ms secured by this Secudty Instrument by reuson of any dematid made by the or�ginal Sarrower er Borrower's
<br /> sucxessors in interest. Any forbearar►ce by Ixndes in exercis�ns any itight or remady shall not be a waiver of or precluda the
<br /> exercise of'any right ur remedy.
<br /> 12. Successors and Asslgns Bound; Joint nnd Seve�ral Liability; Co-stgners. The wvenants and egreements of this
<br /> Securlty Insaument shnll bind nnd benefit the successors and assigns of Lertder and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and a�recmenu shall be joint and sev�ral. Any Borrower who co-signs this Securiry
<br /> Instrument but does not execute the Note: (a)is co-signing this Securiry Instrument only to mort�age.grant and convey that
<br /> Sornower's interest in the Property under the ternu of this Security Instrument:(b)is not personstlly obligated to pay the sums
<br /> secured by this Security Instrument;and(c)agrees that Lender und any other Borrower may agre.s to eztend,modify,forb�tr or
<br /> make nay accommodadons�vith regard to the terms of this Securtty Instrument or the Note without that Bornower's cons�nt.
<br /> 13.Loan Chitrses. If the loan secured by this Securiry Instrument is subject to a taw which seu maxtmum loan char�es.
<br /> and that luw is finally iruerpreted so that the intemst or other toan chnrges collectod or to be collocted in connection with the
<br /> Ioan exceed the permitted limits.then: (a)any such loan charge shall be reduce:d by the amount necessary to reduce the charge
<br /> to the permitted limit;und(b)nny sums already coilected from Bortower which exceeded pernutted limits will be refutxied to
<br /> Bormwer. I.ender may choose to make this refund by reducin� the princlpal owed under the Note or by making a direct
<br /> payment to Borw+ver. If a refund reduces principal. the reducdon will be treated as a partiat �repayment without any
<br /> prepayment charge under the Note. -
<br /> 14.Notiees.Any notice to Bornower pmvided far in this Security Instrumem shal{be given by deliverin�it or by mailin� --
<br /> it by first class mai!unless applic:tble la�v requires use of enother method. The notire shnll br direeteci m the Pmpeny Addr+e.sc --
<br /> or any other address Borrower desi�;nates by notice to Lender. Any notice to I.eiuier shuli be given by first ctass mail to �
<br /> I.ender's address stated herein or any other addmss Lender designates by notice to Borrower. Any notice provided for in this �
<br /> a
<br /> Security Instrument shal!be deemed to have becn given to Borrower or Lender when�iven as pmvided in this paragiaph. �,
<br /> 1S.C.over�ting Law; Severability. This Security Instrument shalt be governod by fedecal law and the !aw of the �_
<br /> jur3sdlctinn in which the Property is lacated. In the event that any provision or clause of this Security Insuument or the Nate --
<br /> con�liets wlth appiieable law.such contlict sh�li nat:Jfect other provisions of thia Secudty Instrum�nt or the Noie wflich can be �`
<br /> given effect without the conflicting provision.To this end the provisions c►f thir Securlty Instrume�t and the Note c+re declared
<br /> to be severnble. ;:
<br /> 16.Borrower's Copy. Borroever shull ne given one conformed copy of the Note and of this Security Instrument. k.
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<br /> Form 9028 9/90
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