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<br /> � ra�uoed�ac diee cpcian af Leade�.if moicgsge i�uiaoce coverage firi tt�amount aod fpr tbe paiod. �
<br /> dMt 1rad�r�te�quiros�P'wid�bY���r app��d bY��°���vaiW�k arni is�h4�iaod.Bo�s�rva�11 p!�►,'; �
<br /> � tAr p�a�ioa�aequired w aa�n moR�e i�r�oe ia eff,xt,or to pmvide a loss texrvc.woW d�e reqoi�amart!or mortt,a�e .
<br /> ii�wr�ooe ads itr a000ndmce with anyy wtittm�eemeac betv►ran Bormwer md lxnder or appliiaMe Iaw. -
<br /> • `!:L�eatie�.Irender oe ils�geet msy m�ke�oe�bk a�uies,�pon�d�t�pe�!a�s oi ftse FrapenY. l�er�der stWl6ive
<br /> Hctesawer notke�1Ge tiwne of w priar to aa inspectiou spoeifyin�r�on�bk�for the inspae�lon. � .
<br /> . ` . tf�Geie�N• '�'1�P���of any awar+d or ctalm for dw�ges:diiaet or�rnsequential.;in oonnxtitln with aay `
<br /> � condeer�tia�or bU�cr atan�ot�nny poit of the P�operty�Of FQf CQRVGy�1CC lA Ii�Of CQIIdCRU1�t00.are h�reby assigaed�ard •
<br /> � `f���!G Q/�{O�RII�T. • . _ `--- — c ,
<br /> - [n the eveat ata Wt�i tatinB ottLe Pmperty:the prooeeds sttall be applkd to tise wms securrd by this Security instiumrnt,
<br /> � vrhdl�er or no[tt�en dne.with any acass p�id to 8orruvree. In t6e event of a paniat takin8 of the Propecty ir►which tua fair `
<br /> m�rtet value of We Property inm�ediately keforc the dcing is eqiul to or greater than tl�e anaunt of the sums socurad by dds
<br /> Seauttjr Irattument immodiateiy befae tlie tainng.unless Borrower aod I.ender otl�e�wise agtee in writing.the sums savtoa by .
<br /> ` _ this Secutity Ti�tmnent ah�tt 6e ralucod by the amau�t of ttie proc�eds muldpliad by the foltowiag fixtion: (s? the total
<br /> <:-
<br /> aimuat of ihe s�sa;u�d immediacdY befnre t6e taking.divided by(b)tl�e fair muka valne of tlio Prope�tY�mmediat Y
<br /> 6efae the Wdng. Any bW�noe shall be pa�d tv Borrowec. In tTx event of a pactiat taidng of the Prupe�ty in which the f�is,
<br /> marlcet value of the Pt�nperty imatediately before tLe taiQag�is Isss H�n tbe amount of tl�e sums socuied immediately befoie the
<br />_ t�Yiag.uNas Hormwer aad I.etder othawise ageee in writing or nniess applip6le taw odtierwise provides, the pm�eu�s s4a(1 _
<br /> be�pplied to the swro sauned 6y this Securiry Instrummt whet6er or not tfre sums aze theu due..
<br /> ' If the Property.is ab�ndorcd by Bamawer,or if,after notiee 6y L.ender w Boirower tb•at the oondem�wr offers to m�ke an
<br /> s►ward ar settle a clAUn for damzges.Bumfwer faits.to respaad to Ixnder withiu 30 days after the date the notice is givea,
<br /> ���Orized to coqoct and appYy the proceeds,at its option,siWer to reswration or nepair of tUe P�operty or to the sums
<br /> �securcd by this SecauitY huuuttxnt,whether ar aot tlxn due. � —
<br /> ` � UNess I.ender ud Bomnwet otLerwise agrx in writing, a�►Y aPPtication of pracceds to principa) sh�ll not eutefld or
<br /> postpone tlK dua date of tbe mont�IY P�Y����to in paragraphs 1 and 2 or cGange the amount of such payments.
<br />=-�s ' 11.Borro�rer NW Rdease�;Fotbarsnce By Lendes Not a Wai�er.Extension of the tune�ar payrnmt ar modification • , ._
<br />:" of amurh'zaqon of the sums sacured by this Security Insuument graated by l.ender to aay saccessor in interest of Borrower shalt
<br /> . v not operau to nelras�the iiability a�the original Borrower or Sorrower's suceessots in iatet�est.l�kf sha!!not be euWtred ta -
<br /> �- c�mmence proceedings against any successor in interest or refuse to ex[e�3�rne.for paymenc or otheraise modify amortijation -
<br /> '=` of the sums s� �y t6i� Security .[�Cwment by reason of any �d made by the or�gii�al Borrower or Borrower's . -
<br /> ,�:: 'successors ia iAterest� Any foTbearance by Lender in eaercising any rig7i'a�or re�nedY shall not 6e a waiver of ur preclude the
<br /> ,..
<br /> + exenise of any rig6t or retfoe��. .
<br />�,: 12. Saooes4as aad A�S Sou�d; Jdnt an�S�wernl Li�6lfity,Casignas. The covenants and agceements�of this
<br />�f;
<br />�.,.�` ''` Seacrity Instrume�t shall bin�a<ad henef�tHe s.�ccessors and assigns of Lender and Borrower. subject to the pravisior�s of
<br />.;:��: paragraph 17. Bosruwer's co�enants a�t �met►ts shall be joint and several. Aay Bormwer who co-signs this Sccuriry
<br />= �;;:; , instrumern bnt�es not execute tbe l�tote:4a)is ca-signirtg this Security Inst�ument only to mortgage, grant and convey t6ac
<br /> ;��' � Barcower's interest in the Prapertp under the terms of this Security Insuument;(b)is not personally obligated to pay the sutns
<br />., ,;�, xecured by this Se�.vrity Instr�ment:and(c)agrees that Lender and any ather Borrower may agree to extend.modify.farbesr or
<br /> make any acc�mmadations with regard to the terms of this Security Instrument ar the�i�e without that Borrower's consent.
<br /> ;;;,;;� •�: . 13.Lostn Qu�rges.If the toan secured by this Security Instrument as subject to a taw which sets maximum loan charges.
<br />• '',".,�,-F: ,r and t}�at law is f�naiJY interpreted so that the interest ar other laan char�es collected or to be coliocted in wnnection with the _
<br /> � loait ezoeed�e pe+ntitted lir�siu, then: (a>any such toan cfiarge shall be reduce�t by the amount neoessary to reduce the charge __
<br /> � to'�,'�permitc�d iimit;anc8 fi�i aty sums already eollecxEd�'am Borrower which exoeeded pemutt�d timits will be refunded to �
<br />- ., ,�,; Boir�wer. L�eade�imy ryoose to make this refw�d by reducing the principal owed u�der the Note or by c�aking a direct _
<br />" •1'�i:� payment to B�*�awer. If a refund tedaozs principal. the reductian will be treated as a pa�tiai prepaymeni w�thout a� _
<br /> >:�;;`�`� ;��',. • Prepayment c:s�.��ander the Note. � �
<br /> • `�`�`' 14.Notic�s.Any notice to Borrower p:ovided for in this Secudty Instrume�t shall be given by delivering it ar by mailing f
<br />-_. ' it by first class mail unless applicable!aw requires use af another method.The notioa shall be direMed to the Prapetty Address • °
<br /> .. . ar aay ather address Barrower de�ignatea by notice ta Lender. Any notioe to Lender shall be given by Prst class mail to _
<br /> ;' y[�=(• i.e�der s add�.stated herein or any other address l.ender designates by notice ta Eorrower. Any rtotice provided fat in this -
<br /> ,. �,Y, Securlty Inst�n?�'nt shall be deemed to h�c�hecn given to Barrawer or&e�ler w6en given�.s provided in thisparagraph. -
<br /> -`:�."'- 15.Gaierni� law; Severabilit;,r. �is Security /nstrument shalt be govemed by fcderal law and thc law of thc °
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<br />� � '� jurisdictian in which the Pra�erty is tosa:�►. tn thc even�that any pruvision os clawe af this Security instrument or the Note
<br />' ' mntlicts with upplirable law, sach confti+�w�all not affe.�c other proviyinns of�his Sec�rity lnstrument or the Note which can be
<br /> given effect withaut the conflicting pro��.x:.To this end the provisiar�s af thia Security Instrument and the Nate are dectared
<br /> � � '"` . � . to be severabte. �
<br /> �. 16.8orrower's Copy.Borrower shalf 6c given one ccmformed oopy of the Nate and ot this Secudty Insuttment. _
<br />; 4 � `� . Fam 3028 9/90 =
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