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<br /> p�ymcmr may uu Iougcr uc icyui�...t,..: tir� :^.Y:�n�f L:r.�_r.ff mo�g^�P��•sss8llM CO!�C!'8nC{lRZlt�ntnni�nt and for thc oeriod
<br /> thut I.ender rcquirrn)providcd by nn iiisurcrapprovcd by I..ender ugnir tsecomes nvuilablc nnd is oblained.Borrower shnll pny
<br /> thc premiuros rcquircd to tneint�ain nwrt�age insurancc in effect,or to providc n loss rescrvc,umil the rcquircment for mortgngc
<br /> lIISUli111CC Cil(�ti Ill lll'l'011�tllll'C�i+{lIl��r�y writtenn�recmcnt betwcen Barrower nnd[.�nder or upplicablc Inw.
<br /> 9. I�LSpectinn. Lendcr ar its ogent may ntake rcasonnblc cntrics tipon anJ ins{►ectiuns of dic 1^rop::rty. I..s;ndcr shall give -
<br /> �orrower notice crt th�time e�f or prior to nn Inspection specifying reasona6le cuuse for the inspection.
<br /> 10. Can�ien�natton. Thc pruce�da of any aw�rd or claim for dcimages, diirct or consequential, in cannection wfYh nny
<br /> condemnatic�n or otiicr taking of uny part of ihe Properiy. or for convcyancc in lieu of condemnation,are hcreby�4ssigned and
<br /> shnll be pnid to L,ender.
<br /> ln thc event of a tutal tuking oi the Pro�xrty,th�prceeeds shnll be applicd to the sums sccurcd by tfiis Security Instrument.
<br /> whether or uot thcn duo. W�ith nny exress paid to Horrower. !n the evcnt of a partiul takfu�of the Property in wbich thc fair
<br /> markct valuc of thc Property immcdii►tely bcfor�c the tnkin�is equal to ar greatcr thnn the amount uf tlie sums sccured by this
<br /> Security Ii�strument i�mneciiutely beforc the takinp,unless Borrower and Lender odicnvise agree in writing,thc sums secum,cl by
<br /> this Security i�istrument shiill be reducxd by tE�e amount of the proceods multiplied by the following fraction: (a) the tatal
<br /> am�unt of die sums sccured immedi�tely lsefore the taking, dividecl by (b) tl�e fair market value of the Property immediutely
<br /> before the tnking. Any balance shnll be pa�id to Bonower. In the event of a paniul taking of thc Property in which the fair
<br /> fi�Arket value of Ule�rnpecty imm�iately l�eforc the tuking is lcss than the amaunt of the sums secured immediAtely before the
<br /> taking, unless Borrower nnd Lender othenvise agree en writing or unless upplicable law othenvise provides,tY�e proceeds shall
<br /> be applicd to tlic sums secured by this Security I nstn►ment whethcr or nut thc sums are thcn due.
<br /> If the Property is abandaned by Bvrrou¢r. or if,after�iotice by l.ender to Borrower that the condemnor offers to maa�e an
<br /> award or settle a claim for damages. Bomou•er fails to respond to L.ender wisl2en 30 days after the date the noticc is given.
<br /> I.ender is authorized to collect and npply�he procecds,at its option,either to restma:ltion or repair of the Pmperty ar to die sums
<br /> secured by this Security Instrunxnt,whetheror not then due.
<br /> Unless Lendor ancl Banower oti�env ise agree in writing, any appllcation of procer.ds to principal shalll noi extend ar
<br /> postpon�the duc date of the monthly paymen�s�efcrred to in paragrnphs 1 and 2 or change[hc nmount of such payments.
<br /> 11.f3orrower Not Rtles�sed;Forbw�sance By I.ender Not a Waivec.�xtension of tlie time for pay�nent or modification
<br /> uf umortization of the sttms secured by ehis Sccurity Insaument granted by Lender to any successor in interest�of Borrowcr sha11
<br /> nn�nn�:rate to rcicasa the liabilitv of thc oriRina�l Bor:otiver or PJorrowcr's successors in interest. Lender sbnll not be required to
<br /> a�mmence proceedings against any Successvr in interest or refue.e ca eatend timc for payment or otherwise modity nmortization
<br /> ' of the sums secured by this Security Instmment by reason of uny demand made by the originaf Honow�r or fiorrvwer's
<br /> � • suocessors in interest. hny fo►i�eatance by LerEdcr an excrcising any right or�emedy shatl not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Su�ressors and Assigns Baund�Joint nnd Several Liabflity; Casigners. The cavenants and u�reements of this . ,
<br /> ;�, Security Instrument shall bind nnd bencfie ihe successors and assigns of Lendcr and B,onaower, subject to thc provicfuns of
<br /> . parngtnph 17. Borrower's covenants and agreements shr►11 be .joint and severnl. Any Burrower who co-signs this Security
<br /> Instrument bat das nat execute the Note: (a) is co•si�ning this Security Instrument only to mort�age. g►�ant and convey that
<br /> (f3orrower's interest in tfle Pevpr�ty under the terms of this Security Instrumen4:(b)is not persanally obligated to pay the sums
<br /> secured by thls Security Instrument;und(c)egrees that Lender and any other l3orrower may agree to extend,�nalify,Forbear or
<br /> malce uny aocununodations with regard to t�e terms of this Securi�y Instrument or the Note without that Borrower's conscnt.
<br /> � 13.LoAn Charges.If the loan secured by this Secuiiry Iiistrumc;ni is subject to u law which sets maximum loan c5�nrges,
<br /> and that!aw is finally interpreted so tha►t}ie interest or othr.r loan charges ca�lected or to be collected in cunnection w3t3f tDte
<br /> laan exc�ed the permitted limits. then: (a) any slci�loun charge shall be roduced by tne amouni necessary�o raiu�iiw�,ut�a
<br /> to the permitted limir,and rh)any sums a3cac�y c�nl9ected from Borrower which exceeded permitted liinits will be refunded tn
<br /> � 13orrowtr. Lcnder may choosc to r�irike?7�is zef�rtd by reducing the principal owed undcr the Nute or by making u tlirect `,
<br /> payment to Barrowcr. If u refium9 �etlu�es�rinoipal, the reduction will be trcutcd as a partial prepayment without nny�
<br /> prepayment charge under the Note.
<br /> � 14.NoHces.Any notice to Homower providesl for iu this Secuiity Instrument shall be given by delivering iY or by mailing
<br /> nt by first class mail unless applic.able law rcqa ires use of another method.The notice shall be directe�l to the 1'raperry Addcess
<br /> • , ur any other address Borrowcr drsignates by notice ta Lender. Any notice to Lender shail be given by first class n�ail to
<br /> Lender's address statod hcrein or any othetaddress I.ender desianntcs by notice to Borrowcr. Any noticc provided for in this
<br /> Security Instrument shal!be dcemal to flave bc:en given to Borrower or I.ender when given as pruvided'en tiiis p�grciph.
<br /> l5.Governing La�v; Severabiltty. This Secudty Inswment shall be govcmed by federal law and die :aw of tho
<br /> jurisdiction in which tho Pmperty is located.in the�event thnt:uiy provision or clnuse of this Security fia�strument or the Note .
<br /> , conflicts with applicable lnw,sucn can€lict shal l noi affect other provisions of this Security Instrument or the Note wi�ic�can be .
<br /> ; given effcct without the conflicting provisiun, To this end the provisions of this 5ocuricy 7nstnmient and the Note are declared
<br /> ' to be scvcnble. '
<br /> � 16.Borrower's C�opy. �3orrower shaE 1 be given one conformed copy of the Note and of this Security Qnstrument.
<br /> , Form 3028 9/90
<br /> ' � poge 4 ot 8
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