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<br /> paymcuts muy nu lon�;cr be required, at thc ��ptiiin af I.cndcr, if nuirt��a�,c inuu�,uicc awcru�c(En Uic .imount nnd fi»•Q�c period �
<br /> thnt I.endcr reyuires)providcd by nn intiurcr iipprc�vc�l by If�ndcr�►l;+dn becomcs crvailu{�lc iuid is obtuincd. t3tn•rcnvcr sl�all puy =
<br /> °y w:'��:��' tlic premiums reyuired to miduti�in mort�a�c insurancc In cffcct,or to providc n loss rescrvc,until thc rcyuircment Por mortgngc _
<br /> �.�"'''"� Insuriuice ends in nccm•dnnce with nny written ngreement hcttti•cen Bormwer nn�l l.ender or t�pplicahle liiw.
<br /> `•:��.,� 9. In�pecttan. I.ender nr its agent m�iy mnkc rcasomd�le ent�tics up��n lmd iaspectinns of the Property. I.endcr shi►ll give =
<br />-' •'• E�orrowr_r naticc at thc dmc af or prior ta an fnspccticin s�ccii'yln�;rcntiuniiUlc ccrosc for Nic inspcction. �
<br /> .. 1(D; (��n��1c�i�ii►yll��y, ThP ���'���•�'�'��� ��`nnv ��wa�'d��e.�I�►im �OP lllllfl1111L'4_ LIICL'l'l ur�cnttiwucnli:il. lU �u11�1CiIlwl wlth 8t1V
<br /> ;��� •� condemnnti�n�r odicr tuking af uny part of the Property,ur lin•runvcyuncc in licu of condcnu4:►tion, nrc hcrcby ussigncd iuid �;_
<br />'_s.;°� sliall bc pald tn Lendcr. -
<br /> [u the event of:►totnl tnking of the Pmperty,the proceeds shall be appliecl to the sums seeured by tltis Security Instrument, �W
<br /> -,,;. •-� . ' whethcr or nat thcn duc, with any cxccss piiid to Borrowcr. Iu thc cvcnt of u partinl tuking of thc Prnperty in which thc fair ��;
<br />.�:•�:`,;:.;.M� markct valuc of thc Property immediutcly before d�c tnking is eyuul u� or srcatcr than thc umnunt of the sums sccurai by this *�
<br /> _r;_i�;.•; 5;c:urity Instrument iminuliutely bcfure Il�c tukiug,unlesa Ba�•rower und lxnder otherwisc agrcc in writing,thc sums sccurcd by =
<br /> """""''�•°"'�' this Security lnstrument shall be reduced by the amount of the proceeds multiplied by che following Cruction: (u) �he tatut -
<br />-==�;�: _
<br /> amount of the sums secured innnccliately br,fore the tnking, divided by (b) the fair market vuluc of the Property immecliutely
<br /> -�,"F�° before the¢aking, Any balance shall be paid to Bonower. In the event of a partial taking of the Property in which the fnir
<br />--° -T-=� markct vnluc of the Property immcdiately before the taking is Iess than the amount of the sums secured immediutely bcfore the -
<br /> • --- taking. unless Honower and l.ender otherwise Agrce in writing or unless applicable law otherwise provides, the pracccds sh►�II
<br /> _—__-== be npplied to the sums securcd by this Sccurity Instrumcnt whcthcr or not the sums are then due.
<br />_ m�Y.� If the property is ubandoned by Borrower. or if,after notice by Lender to Borrower that the condemnor affers to make un
<br />----_= award or settle a claim tor dumages, Borrower fn�is to respond to Lcndcr within 30 days after the date the notice is given,
<br />-;;;��,�� Lender is authorized to collect nnd apply the proceeds,ut its option, either to restoration or repair of the Propeiiy or to the sums
<br /> — -- securcd by this Security Instrument,whcther or nat then due.
<br />___:._;�;�w� Unless Lender and Borrower otherwise agree In writing, any applicution of proceeds to principal shull not extend or
<br /> � —_ postpone the due date of the monthly payments referced to in paragraphs 1 and 2 or chunge the amount of such payments.
<br /> -:_-�:'="� 11.Dorro�ver NoL Releused;Corbearance By t.ender Not a Waiver.Extension of the time for payment or moclification
<br /> ___--- of amortizutton ot thc sums secured by this Sccurity Instrument g�anted by Lender to any successor in interest of Bon�ower shxll
<br />_ _�— not cperate to rclease the liability of the originul Borrower or Borro�ver's successors in interest. Lender shall not bc rcquired to -
<br /> __ ' commence proceedings ugainst uny successor in interest or refuse to extend time for payment or otherwise modify umortization
<br /> _ of the sums securcd by this Security I►�strument by r�ason of any demand made by the oribinal Borrower or Bonower's
<br /> � successon in interest. Any forbearance by Lender in exercising any risht or remedy shau not be a wa�ver of or precludc the
<br /> - - exercise of uny right or remedy.
<br /> __�-= 12.Successoss nad Assfgns Bound; Jo�nt t�nd �everal LIablUty; Co-signers. The covennnts and agrecments of this
<br /> � Security [nstrument shaU bi��d and benefit the successors and assigns of Lender and Borrower, su6ject to the provisions of
<br /> paragraph 17. Horrower's wvenants and agreements shall be joint nnd several. Any Borrower who co-signs this Security
<br /> --��--= Instrument but does not excc;ute thc Notc: (a) is co-signing this Security Instrument only to mortgage, gran¢and convey that
<br /> - - Bonower's interest in the Property under the terms of this Security Instrument; (�O)is not personally oblig»ted to pay the sums
<br /> secured by this 5ecurity Instrument;and(c)agrees that Lender and any other Borrower may agree to extend. modify,forbear or
<br /> make any sccommodations with regurd to tlie terms of this Security Instrument or the Note without that Borrower's cAnsent.
<br /> — � 13.Loan Charges.If the loan secured by this Securiry Instrumerit is subject to a law which sets maximum loan charges.
<br /> und that law is finally interpreted so that the interest or other loan chazges collected or ta be collected in connection with ihe
<br /> loan exceed che permitted Ilmits, then: (a)any such laan chnrge shall be reduced by the amount necessary to reduce the aharge
<br /> to the pertnitted limit; and(b)any sums already collected from Bonower which exceeded pern�itted limits will be refunded to
<br /> Borrower, Lensler may choose to make this refund by reducing the principal owed under the Note or by ma4:ing a direct
<br /> payment t� Borrower. If a refund reduces principal, the reduction will be treated as a partinl prepayment without sny
<br /> , prepaymcnt charge under tlie Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instnsment shall be given by delivering it or by mailing
<br /> _ - =� ie by tirst ci:�ss iunN untess applicabic law requir:s usc of anathcr mcthcd.Thc natice shall be dicccteci ro the Pru��n,Addi�� __
<br /> or any other nddress Borrower des�gnates by notice to Lcnder. Any notice ro L.ender shull be given by first class mail to
<br /> - Lender's address stated herein or any other addr�ss Lender designates by notice to Bonower. Any notice providc;d for in this
<br /> — Security Instrument shall be deemed to huve been given to Borrower or Lender when given us provided in this paragraph.
<br /> 1S.Govcrning Law; �everabillty. This Security Instn�ment shall be governed by fedcrnl law and the law of the
<br /> _ jurisdiction in which the Property is located.In the event that any provision or clause of this Sccurity Instn�ment or the Note
<br /> . conflicts with applicable law,such conflict shall nnt affect other provisions of this Security Instrument or the Note which can be
<br /> ---- given effat without the conflicting provision.To this end the provisions of this Security Instrument and the Note ure declttred -
<br /> -- �� -- ` to be severable.
<br /> -_exwr.�:a��
<br /> _ ItS.Borrower's Copy.Bo►ro�ver shall be�ivcn one conformcd copy of thc Notc and of this Security Instrumcnt.
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<br /> . Form 3029 9I90
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