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<br /> pnyntenis utay►tn lungcr bc rcquircd, ot ihc optinn��f I.cndcr, if�nortLn�c insurun:�cavcv�ig�(in thc a�uou�u ai�d fof•dic�S:riod =
<br /> qtat L�:�i�cr rec�tdres)�rovidcd by nn inr;urcr uppruvcA F�y I.endcr ugain bccomcs nvi�llable and is obtulncd. F�uirowcr shall p.iy '°`
<br /> �he premiw�►s required t��muintn�n uu�rt��ge insueance i��effcct,Ur to prnvide n loss reseewc,until Uic�'equlrm�tnt for mortgage
<br /> insura�ue ends f a cu:��ncdnuce with nny wriucn ogre.amenr bctwecn 13oerawer imd l..citder ar tippliccible IAw.
<br /> 9. Ir.t:�:�DIo��.l.cnder nr its aRaot m�y nmkc rcnsonnblc�nales u�n and lnspecticins of thc Property. I.cndcr shnll giv�
<br /> qurrowcr notic�at tlic Nmc�nf or prE�►3'.tcr�tn�ns�xcUon s}xcifying rcusonahlc cuusc foi�dic inspection. _
<br /> 110, ('ein�^f11629U1111. The pr��a:eds af nny nward nr clalm for dnniagcs, dircct ar consequential, in cannection with uny
<br /> candemnatiun��r other takin�;of Any part of the Prnnerty,or for convcyunce in licu of candentinatiun, nre hereby assigned and
<br /> shall lre paid to L.cndcr.
<br /> In tli�ovoat�f n totnl taki�ig of diG Pmperry,the procceds shnll be applied to 1hG sums secared�y d�is Security Instrument,
<br /> wlictticr or nn► then cLue, with uny excess paid to Borrower. In.tht+event of a p:utial taking of the Property in which the fair
<br /> mnrkct vnlua�E thx:Pra feny immcdiut�ly bcfore thc taking is ec�nnl to ur grc�tcr thnn the amotmt of die sums sc�ured by this
<br /> Sccority inf.tnuncnt.htiptwliutcly bcfure the taking.unless 8orrower and I.ender othenvise ugrce in�vriting,the sums secured by
<br /> this Security I��t.ttvmant �hn11 ba rr.dttced by the nmount of the proceeds multiplied by the fullowin� fraction: (a)thc total
<br /> amount �f,_thq sunif�e�cutccl inttnqdlntply before the taking. divided by (b) the fnir markct vuluc of the Property immediatNly
<br /> 6efure tl�a tnitiqB�• 1utr� h�l�uic�sht►II�Ue paid to Bonower. In thfl event of u partinl tnkin�of the Praperty in which t�fuir
<br /> market vulan ne".dta Pm�i��'�J imm�clintely before the tuking is less thnn the mnount of the swns secured i�nmeciiately befa�c�e the
<br /> takinA, untc�ss�furax�svur.nnd Lcncler othcrwise ugree in �vriting or unless applicuble law otherwise providcs, the Procccds shal!
<br /> Iw appiiad•tn tl�u sumt+i�ec�►n:d by this Security Instn�mmu whcther or not the sums are then due.
<br /> IC chts F�u���ty is abandoned by Barrowcr,or If,aflcr naticr h,!r_nder to Borrower th:�t thc condemnor offers to ma3;e nn __
<br /> uward ar�Lt�lu n claim for da�nages, Bormwer fails to respottd to I.endcr within 30 days alfter thc dnte the n�tice is given,
<br /> I.ende�r is�iuthort•r,ed tp wll�ct nnd apply the procceds,at its option,either to restoration or repair of the Property or to die s�ms
<br /> secured by this S�curot�Instrument,whetlier or noa then due.
<br /> Unless l.endcrr umt•Earrower othenvise agrce in writing. any application of proceeds to principul shall not exte�xi or
<br /> pnstpone thc dua dutu of th�monthly payments referred tu in p�ra�raphs 1 unB 2 or chw�Ge;the nmount of such payments.
<br /> 11.�inr��oiy�r Alni RetN.atrad���urbearance By I.e-�der Not n Waivcr. Extensian of thc time for paynicnt or mcdi€ir�nt�an
<br /> of nntnrrl;t��tlun•of tha snms�currsd�b��this Security Instrument granted by Lender to any successor in interest of Borrowes.shall
<br /> ��ot opernct�tn•mitt;�m:thu liubillty of the originnl aorrowcr�r Borrowcr's su.cessors in interest. I..ender shall not be requirul to
<br /> commen�x:pn�:a�din8s aSetnst�ny successor in interest or refuse to extend tinne for payment ar otherwise mociify amorti•r.ution .
<br /> of thc st►rus Secured by this Security Instrument by reason of nny demand made by the originul Borrower or @orrower's
<br /> ;u��,cs;c,rm :��i.-.i;.s-.,sL :�ty �o:L•:�..sassce b;l�r.der itt_x:r�lslno?tt�t��ht nr remedy shall not be a wnlver of or precfr,�3e the
<br /> cxercise o5�any right ar remedy. -
<br /> 12. Suocessors and As,tgns Ba�und;Joint and Severel l,1a611ity;Casigners. '3'hc covenants and ogrcements of Yhis
<br /> Security Instrun�ent shall bind and benefit the successors and ussigns of Lender and I3orcower, subjec;t to die provisia►s of
<br /> paragra�h 11. Horrower's c4ven:ints and agreements shall be joi►at nnd several. Any Bormwer who co-signs this �cutity ,
<br /> Instcwnrrn but does not execute the Note: (a)is co•signing thns Security Instrument only ta rnortgage, grant and convey ttiiat .
<br /> Aorrua�et"s intcrest in thc Property u.�dEr the tcrms of this Security Instrument;(b)is not personnily ubligated to pay ti3�.sums
<br /> secureci by lhis Security Instniment;�ncl(c)a�rees that Lendcr cind•any other Borrower mny s�greo to extend.modify,forb�ar br � :• •,�
<br /> n�elcc any r,ecommalations widi regard fo the temss of tliis Secusity A�utrument or thc Notc without that Borrower's wnsent. • •
<br /> X�.3[,ns►��Charges.If the loan secured by this��curlty Irutr►►meut is subjcet to a law whtch sets maximum loan chnrgas,
<br /> end ttsat 6���v is finnlly intcrpreted so that the intcrest or utiier 4��n charges coliccted or to be collecteci in com►e�:don wi:;� the �
<br /> toan eacecd ihe permitted lin�its,dien: (a)any such laan charge sha!l be reduced by the amnunt nec�ssary to(aluce tt�e tfiaxgo
<br /> to thc pormlttcxl iim'st;ond(b)any sums al�eady oollectcd f►nm Borrower which cxcceded perntittat limits aiH ix cefui�cled tv •
<br /> Borcower. Lender muy choose to make thls refund by��educing the principnl owecl undce the Note o.r by making a di�rect � ,;
<br /> pa}•ment to Bonowcr. If a refund rednces principul, thc reduction will be treated us a partial prepnyiment without any . '
<br /> prepayment charge under the Note. .
<br /> id:Notices. Any notioc to Borruwer prnvida!for in this Saurlty Instni:nent shal! be�:iven by delivering it or by x�,'►iling
<br /> it by first class mail unlcss applicable law requires usa of another method.The notice si�all bC directed ta the Property Ac?clress
<br /> ar any othcr Address Aorrowcr designates by nodca to I..cnder. Any notice to Lcndcr shall be given by first class mail to
<br /> Leader's address statc�herein or any other address L.en�ler de.signates by notice to Borrower. Any nciice providod for in thiy
<br /> Sexurity Instrumcnt sha11 be dcemed to have bcen given to Borrowor or Lcncicr when glven as provided in this paragraph.
<br /> 15.iGovernin� Law; 5ever�bflilty. This Securiry Instrumcnt shell be govcmed by fcderal law and the 1¢w of�he
<br /> jurisdicfion in which thc Property is locuted. Irt thQ evcnt that any provision or clnuse of thEs 5ecurity inswment or the Note
<br /> canflicts with applic�le law,such conflict sha11 noi affect other provisions o.f tfiis Security I►�sirument or tl�e Note which can be
<br /> . given effect without tho conflicting provision.�'v Th�is end the provisions of 4his Security Instrun�ent and the Not�are deciaral
<br /> to bc sever�ble.
<br /> X6:�ortower's Copy.Iiorrower shall be geren one confa7med�ropy of ehe Nate and of this Sceurity Instrument.
<br /> • Form 3028 9/90
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