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<br /> � ., . � p�ymcn�x muy n�►longcn c�rcquircd,ut thc��ptl�m uf l.enJc�, if m�►nguBc imuruncc cnvcrugc lin thr um��unt ond fi►r thc period ��,.N
<br /> `' ��wt I.�nJcr reyuires)pmvidcd by un in�urcr appruvcd hy l.endcr ugain h►�omez uvuilublc unJ i��►htuim�l. &irrowcr tihall pay —
<br /> " � ' �� " thc premiumca rcyuircd a�maintuin m��Agugc in�uranrc in cfl'crt,�►r t��providc w lu+s rcutrvc,until thc rcyuin:mcnt fur mort�aQtl �::::`�"""'
<br /> � " ' inwran�c cn�1x in accnniancc with uny written ugrcenknt Iktwccn&�rmw�r und L.cndcr��r upplicrblc luw,
<br /> � 9. Inspection. Lendc�ur itr ugcnt may mukc rcuu►nuM�cntric,up�►n und in+prcdany ol'the Pa►�xny. IAndcr xhull give �,,,,._
<br /> ^ . Banuwcr natkc ut thc timo�►f or p�i��r u�un inspcctiun.rFx�ii'ying rcu,onablc cuu�c li�r thc intip�titiun. �,~,•_���-
<br /> " 10. CondemruNlon. Thc pnkc��Js ol'uny uwurd �►r cluim 1'ur dumagcs, dircct or c�m�cyucntiul, in runnccti��n with any _____ �_.�__
<br /> ^� � � canJemna�ion ur u�hcr wking of Any purt of the Prnpe�y, or for romeyanc4 in licu �it'condemnutic►n, urc hereby a,signal und �_-�_= ��
<br /> �:__ _
<br /> shall be paid to l.ender.
<br /> � � In ihe event of u totul tuking of thc Prupcny,the pnxced�;shull lx;upplial to�hc sums,ecurcd by thi,Sccuriry Inst�ument, �,
<br />�. ` , whcthcr or not then duc, with uny exrc�w paiJ tu Bormwc�. In thc cvcnt of a partiul �uking��f Ihc Prnpeny in which�hc fair � -
<br /> � • mnrket vuluc of thc Prop�:rty immccli��icl��Ixti�r�thc tuking is cyuul to or grcutcr thun the umuunt uf'thc sums u:cured by this __
<br /> ' Security Instrumcnt immaliutely t+eli�rc[hc�uking,unle+ti Bnrrowcr and L.endcr othcnvisc ugrcc in writing,thc sumx xccurecl by
<br /> this Scwurily Instrumcnt shall tx: redur��d hy Ihc um��unt of the proceeds multiplied by the ti�llowing fruction: lal the tota�
<br /> �� � • amount of thc sums sccur��l immeJiatcly tx:fo�r thc tuking, Jividcd by (b> thc fair murkct vi�luc af thc Pr�ip�:ny immaliatcly ;:.,��V—
<br /> before �hc taking. Any balance shull lx paid a� Borcower. In thc evem oi'u puniul iaking i�f the Property in which the fair
<br /> market vAlue nf thc Pmpr.rty immcdiutely befixc thc tuking is Icss than thc amount of thc sumti wcurecl immediatcly bctiire the :X. •�
<br /> taking,unless Borcowcr and I..cndcr othcnvisc ugn:c in writing or unless applirablc luw othcrwisa provides,thc procceds sha��
<br /> • �� be applied to the tium+Secured by this Security Ins�rument whether or nat the sums am then due.
<br /> ' .. If the Property is abUndoncd by Burrower, or iP,uRer notice hy L.ender ro Borr��wer tha� tIM comicmnor nffen to make an
<br /> � " award or u:tUc a cluim fix dumngcs. &►rrowcr fuils to rccpond ta Lender u�ithin 30 days uftcr tlx: Jatc thc notice is given. . ., _
<br /> ixnder is uuthorized to collect und upply thc pnxcedti,at its aption, either to re+uKUti�M ar repuir uf the Propeny��r to the sums �; -.__
<br /> secured by this Security Instn�ment, whethcr or nnt thcn due. � ���-=—
<br /> Unlcss l.ender unJ Bor�ower �►thcrvvisc agrcc in writing, ony upplica�iun of prcxeeds tu principal shull nw extend or : ± ' "
<br /> • poatpcmc thc duc datc of thc monthly puymems rofcrred tu in paragraph. I und 2 or rhangc thc Amoum of surh paymentx. _ .
<br /> 11.Borrower Not Released: Forbearunce By I.ender Not a�Vaiver. Extentiion cif the time for puyment or m�xlificution �
<br /> of amortizaticxi of thc sum�ticcured hy this Sccuri�y Instniment granted by L.endcr tu uny succcswr in imcrest of Borrowcr shall ; —
<br /> not opc;rutc to rcicuxc thc liabili�y of thc originul Burrowcr i�r B��ROwcr's�ucceswrs in intcrest. l.cndcr shull not bc rcyuir��l to ; Y�
<br /> commence pra�:edingx u�nmtit uny sucees,ur in interes�ar rcfuse to exteml tim�tiir paymen� or otherwiu� m�xiify umoni�atiun
<br /> of thc sums secured by this Security Instrum�nt by roasnn of an�• denwnJ rnadc by ihe ariginul eorrowcr or Borrower's �
<br /> succcsxin in interest. Any tiutkurancc by l.cnder in cxercisinK uny rigM ur remcdy xhall not t+c u waiver of or precludc the � ;��y;
<br /> -----_- - excrric;c oi any right ur �cwc.ly. . T,�``;
<br /> l2. Successors and A.r•slgns Bnund; J�►int and Several I.iability; Co-signers. The cnvenunts und •rgreement.uf this �' ' ' �
<br /> Security In�trument shall binJ anJ ix�nctit �hc surccssnn and u�signs of l.cndcr und &►rruwcr, subjcct to thc provi.iuns of' k ;�p►�. _
<br /> `� • puragruph 17. Barrowcr's covcnuntx •rnd ugrccmcnts shull tx: joint aml +cvcral. Any Borrower whii c��-signs thi� Sc�urity t �,.•
<br /> Instrument but does n�u cxccute the N��le: lul is ra-siEning thi.Sccurity Instrumcnt i�nly to m��ngagc. grant und rum•cy that .. ;4 ; �
<br /> gnrrower's interest in�hc Pruperty under thc tcrni�uf thi�Scrurity Instrument:Ib) i+not personully obligateJ tu pay the +ums � .�: �
<br /> sccured by thiti Scrurity Instrumcnl:anJ lr)�igrcc+thu�Lcndcr und uny othcr B��rruwcr may uprec to extcnJ,m�xfify, iittbaarr or � :
<br /> make uny accummcxiutiom with reg•rrd tu thc trrms uf�his Sccuriry Imtrumcnt or thc Nutc withoui th•rt Burcowcr's ci�n.cnt. � ` `t.�� :
<br /> 13.Loan CharRes. If thc luun+crurcd b�• thi.Scrurity In�lrumcnt is suhj�tt to a law whirh�cE.muximum I��un churges, r
<br /> � •• �nd thut Isw is finully interprelcJ ,o thul the intere,l ur iNher luan chargc.r��llected nr I�i hr collectrd in cunnection with the � �•��°R _
<br /> Inan cxcecd the pcnnittcd limit.. thcn: la1:m�• ,uch luun churgc,hull hc reduceJ hy ihc amount ncre�sury to redurc thc churge
<br /> � to thc perrniucd limit:und Ihl uny tium.alrcudy cullccted frum B��rcowcr whi�h rxrccdcd pern�iucJ limits will l+c rcfundcd to �
<br /> Borrawcr. LcnJcr muy rh�x�xc tu makr ihiti rcl'unJ by r�durinp thr prinripul owed unJcr thc Notc ar hy m•rking a dircct ; ,.
<br /> puymcnt to Burrowcr. 11' a rcl'unJ rcducrx prinripal. Ihc reJurtion will hr tr�utcd us u p•rrtiul prepaym�nt withoul Uny i �
<br /> 4
<br /> prepaynxnt ch•rrgc undcr�hr Notc. � ��
<br /> 14.Noticcs. Any notirc to Borci�wcr proviJcJ tiir in thi� Scrurit}'In�tnmum �hall hr givcn hy Jcliv�ring it��r by muiling
<br /> . it by firs� class muil umc,�upplic:,hlc luw rcyuircti uac uf anothcr mcth�xl. The notirc,hall br directcd tu the Praperty AdJress j
<br /> � or uny othcr uddres. Burru��•cr Jc.ign:Ue, h�• n�Kice �u LcnJcr. An�� M�ticc tu l.cndcr ,hull hc givcn by tirxt cla�s m•ril tu . . .
<br /> l.endcr's a�klrc„stutcd hcrcin�►r:my whrr addr�,. Lcnd�r Jc,iEnat�.hy nntirc tu B�►rruu•rr. An�• rn,ticc providcd For in this ,
<br /> . Sc�uriry Imtrunknt +hull h� Jeenud �a hav�h�tin gircn ta Borr�iwrr ar LcnJrr��•hcn given:►.pruvided in this purugraph. '
<br /> . l5. f,ovcrninR I.aw•: ticverability. Thi. tiuuriry In+lrumcnl �hall Ik �!�ivcrn�J M• I'r�rr•rl luw and thc law oi thc
<br /> juri,diction in which Ihc Pru�xny i. I�ka�cd. In Ih��vent lhat an� pruvitiiun ur�•lau.e ut'�hi+Srruriry Imtrumrm �tt Ihc Notc
<br /> ; runtlictti with upplirahlr lu��•..urh rantlict ,h:�ll nu�alfcrt��thcr pravitii��m i,l thi, Serunt� In,lnuncnt�,r thc hatc which can bc
<br /> �iven eftec�withaut thr rontlirting pm��i,ion. T��thi,cnd thr pnn•i,i„n�of thi.ticrurn� In.trument anJ th� Nute urc declarcd
<br /> ��.' to tx,cvcrahlc.
<br /> 16. li�►rrowcr's Cop�. Buriu���r.hall hc giecn un�r�m(�mned c�,p) ��I�h.�ut.:m.l��(thi.Scrw•it� In�trumcnt.
<br /> Fotm 3026 9/90
<br /> Paqq 4�l 8 .
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