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<br />- paym�nts may rto longzr be r�ired.at the optian af ixnder.if m.ort�;e insurancc wvera�e(in the amatuu and for the geriod �"_ `
<br /> that Ler[der mquires)provid�by an insvrer�pDroved by Lender again becomes available and is obtained.Sarco�ver shal#p�y —
<br /> the premiums requirad to maintaia mnrtga�e insumace in effect.or to provide a loss ceserve,un61 the requirem:nt fur mort�age �_
<br /> insuranoe ends io accordancc ai3i�uny�vritten a�ement bet�veen BormVlcr and Lender or uppltcats9e law. �-;
<br /> 4. 9.InspeciBon.l.cader or its ugenc may make reasonnble enMes n�on and inspecti�ns Qf�f�e pro�erty. l.ender shal!give ��_,.
<br /> Borro�ver wtice at the time of or prior t�an inspection speciiying reasort�ble cause for the inspection. e _
<br /> ' 10. Condemnatlon. Ttse procceds of arry award or civm for damages. direct or cons2quential. in oonnection with any
<br /> � � of the Pro rt or for conve anse in lieu of condemnation, are hereby assigne�antl
<br /> sa�lemnatia�e ar oiher takinp of nnY E� P� Y• Y �: _
<br /> shall6e paid to Lender. ��
<br /> In the event of a total taking of the Property.the pmceeds shall be applied to th�surr�secured by this Security Inssr�neni.
<br /> Evhether or eaE thea due, with any excess paid to Bonoa�E7. In t&e event of a partia taldng of the Propercy in aluch ths fait p• -
<br /> `j trrirS;et valae of the Pt�ope�ty imsediately befon the taklag is equal to or greates than the amount of the swns secured by this �
<br /> �r r
<br /> $ecuYity Instrument im�ned'sateiy before tke ta3cing.unless Borrower and Lender otherwise agree in writing,the sums secass:d bY
<br /> �is S¢curity Iasnua�nt shaU be neduced by the amount of ehe proceeds mnitiplied by the follo�ving f�accian: (a) the total
<br /> � amount of thr swns secured'unmediaiely bsfore the►.aldng,divided.�y (b7 the fair market vatue of the Property immed33atelY
<br /> before the ta!s�g. An3'balance s1�al� be gaid to Barrower. In the event of a partial taking of the Praperty in which the fuir __
<br /> .. m�rEcet vaiue of the Pro�rty immediatety before the taking is less thaa tfie amount of the sums secvred immediately befnte t�e �
<br /> taking,unless Borrower and Lender othenuise agcee ia vrriting or unless applicabie law othenvise pmvides,the proceEd3 ehail
<br /> be applied to die sums secum�by this Sec�rity Instrumcni whether or no2 the sums aze then dus. _
<br /> ;;�, �tt�e�igerty is abandoned by Harrower,ar if.after not�ce�hy Ixnder to Borro�ver that the condemnor ofFeis w mpke� `
<br /> award or seuis a claim for damages, Easrower fails co respand tv Lender within 30 days after the datc che noticc is g3.•retr, .
<br /> �er is authori�w celle�and apPly the proce�ds>at its option,either w r�estoration or repair of the Fmperty or to Uee s�i'rs = _.
<br /> •� �svrtd by this S�rit9 Lu�ent,whether or not tlt�z due. ._-"
<br /> iTnle�f.ender aad��rrower oihetwise agree iu watin�r, anY��licauaoi of pmceeds to principal s��it not ext�nd.or ��Q
<br /> � �estpoue t��e date of ttie mantWY payments referred tn in para�t%�{?P,�1 and 2 or change the amount of sach payaieuts. ---
<br /> % 11.$e�'ow�'Not Released;Fqrbearance By I.ett�r Wo�u��ive�'•��ioa of the time for payaaent or modi�cs� _
<br /> ���mnrtization of ths sums secured by this Securiry Instkv.cuent�od by Lender to aay successor ia interest of Sorrower. •*ij �
<br /> mu ,
<br /> `,��� �rot operate to release the liability of the origina!BorraF�r�r or Borrower's successoss in intenst. Lender shall not be requic?a to =
<br /> '`�s. cbintnence pmceedings aguinst any suscessor in interest or refuse w extend 6me for payment or othenvise modity amot��on
<br /> .�:.4 0€the��CUred by this Securiry instmment 6y reasoa of any demand made by the origi�al Bonower or Busxaw�°s ., �.
<br /> '.::•.� successors��n•;�t:erest. Any forbearance by Lender in exercising any right or remedy sl�all not be a waiver of or pteclitde�if,r�e
<br /> -°- ' .,exercise o�;�scr a'sght oz r•.�.el1Y• .
<br /> !� 12. 5rr�.^�sars�.-�r�l Zasstgut Boand:doint and Seve�l LIa6IIity;Co-sigaeis. The covenants and agnee�ents of l�us -
<br /> �':::'�xurity I�.?�cnt s:-�.�f1 f�i�d and benefit the successors and assigas of Len�ec and Borrower. subject to the provisioas o� ,�• , �•:-_
<br /> .' S: � Par�raF1�.i7.:Barrower's cavenants and ageements shall be joint and severai. Any Borrower who oo-signs tlils 5esarity , _:.,t
<br /> Ynstra�bta d�s aot exeeute the Note:(a)is co-signing this 5eauity Insuument only W acortgage,grant and convev,t�:act . `
<br /> • Sorrower's iaterest in the Property under the tenng of tbis Securitr�rnL�ument:(b)js not personally o6ligated to pay the.:i�ts
<br />.. ` :� �ecured by thls Security Instcument;and(c)agrees thst d.ender arr�;��other Bonower may agres to extend,modify,foris�ir or �...
<br />� ,``' :.� ;inake any accommodations wlth regacd to the terms of t�.:s Securi3s:�tnunent os tiae Note arithout that BornoR•er's consent.
<br /> ...;, 13.Lr,,�C�Bes.If the loan sec�.ved bY this.Secun�3►3n.�acxnt is su;:�cfi to,a law wluch sets maxi�m Ioan ch�ges, '.,".:
<br /> - and thax I�ci��:u finaily interpreced so��r:r�in.erest or othei lo��cbgrges ca'r��L.-�i nG to be coile�ted in coru►ection�tifipi�� . —
<br /> . Ioan excet,3�'�pern�itted limits.ttien: ��I any such ioan charge ShaSl be redu�;k��i3in.a�r.r.r�a�nec�'ssvy to reduce ths'(int�-�2 . —
<br />� � ��w the pemnitfad limit:�sn�rb)enY sums aJready calIao�rd from Baaower whi:ci:�¢xc�ed p�rmivai IUnita urill 6e refi�.�� :� .
<br /> .� •.;' ':�.�Iorrower. Lender m�y..�"rll�cr�se w tnalce this tefui2����reducing the principa'j�mved under th�Note or�@Ss.cnaldilg.a dit�e�t• . '.;,',:'
<br /> • '`� PaY�nt to Borrower. �if a riefwtd reduces princips�, the;red��tion wil! be treated av a•Partisl'Pmpa�i� wi�n�+.��►Y. ::��',:,—
<br /> P�Y��t charge under the Note. :' .. • •
<br /> • 14.Notices.Any nc►tice to Borrower provided for io thia�rec�tiry Instr�ment shall 6e give.n 6y deliver',=g it ar isy�ap�vling�
<br /> � ' it by first ctass mait unless applirable law require.9 u.�°.��ziiot��'?�ad•Th�notice shal!be dim.cted to tlre F's'vpr.'rtY Adskess
<br />. ._'!,: , or any other addnss�if.c�imwer de.signates by noucn�:n S,en�cr. Any notice to L.ender shaq be given Es�F:�.'st class mail to .
<br /> '�.`� � L.ender's addmss statr�i�o:xin or any other address��des���ates by notice to Bortower. Any no6c�.�iovided for in this
<br /> :..;;:.': , Secwity in��ent sti�iL be deemed w have been given tn Boaowrarar Lender when given us provided in this para�,"raA�r= • _
<br /> . ' I5.�+��esniug ��; •3everabFl3ty. 'I4�is Security Instrumr.�+t shall be govemed by federal law and the f�'�crpthe
<br /> t� jurIsdietion in which ttas�operty is lacated. In th��:�•ent that any provision or clause of this 5ecurity Instn�ment or�tce�tate
<br /> . oonflicts with applicabte�sw:suc6 conflict shall r.cc.�t"`",�►.-t oiher pravisfcros of this Securlty Insuument or the Note which cun 6e •
<br /> given effect withont the conflicting provisioa:�To tTzs�ad the�uav�ivm of this Security InSwment and tl'.e Note Fue declared .
<br /> � �� ','; ta be sevoi�ble: �
<br /> . � 16.Bt{rr�a�er's Copy.Borrower shall be�iven orm m�Form���opy of the Nate and of this Sec�rity Instnunent.
<br /> � k Form 8028 9J90
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