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<br /> ���____�" _.'___�_�_ �....."'__i.'.fiT4��j_i_�_.'�3.L�.LiG�er�_'�_.�=_G7SS�.-7:.x—.��__—_ --_z�.�--�a�R.,e��"�—_
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<br /> paymcnts m�ty na longer�c required,att th�:nptinn af Lender. if monga�c insurance covcruge(in the um�►unt un�fin•ti�e{xrfud �
<br /> that L.cnder requfres)providcd by an insurcr npprovcd by l.cndcr agi�in bccomes nvuilublc cmd is ubtidoccl.[i�rrowcrr shull pay
<br /> the premituns required�o maintain mortgn�;e insurnnce fn effect,or to provide a loss reservc,until thc rcyuirement far roortgu�e
<br /> insurnnr.q ei�dK in necorclunce with nny written ogrcemr,nt benveec�B�rrower cuxl l.snder�r uppticable luw.
<br /> 9. InApectlnn. [.cndcr or its n��nt muy makc n:asonablc cntricti upc�n nnd InspccUans uf thc �'ro�xrty. l.cndcr shiill givc ;
<br /> Borro�vnr nntice nt the time of or prior to un fnspection specifying rcasonabte cnutie ti�r�he ins�x:ctiun. '
<br /> 10. ��ndemn�t[on.The proceeds of nny award or claim far dumages, dirtct or cansequentiul, in coa�xction witli uny
<br /> condemnutian or other tukinB of uny pan of die Propeny,or for canveyanee in Neu af condemnation,ure hereby i►ssigned und _
<br /> shall bc pnid to Lcndcr.
<br /> In tha avent of u total tukin� of die Praperty,thc pra�ceeds shall be npplicd ta the sums secured by this Sec�irity Instrument,
<br /> whethcr rn•nat then due, with uny excess patd to Borrower. In the event of n partial taking of the Property in which the fair
<br /> mnrl;ct vnlue of the Property immediuecly before the raldng is cqunl ta or grcater thon the amount of thc swus secured by tliia _
<br /> Security lnstnunent immcdiatcly before the tnking, unless Borrawer und Lender otherwise ugree in writing.the sums secured by
<br /> this Security [nstrument shall he raluccd by the umoant of the p:oceeds multiplied by the followimg fruction: (a) the tolal
<br /> amaunt nf the sums secured immediately �efore the w.king, dlvided by (b) the fair ivarkct value uf thc Property immediately
<br /> befam thc tekin�. Any balance shall be paid ta Bonower. In the event of a panial tnking of the Property in which the fair
<br /> mw•4:et vnluc of thc Property immediately before the tabcing is less thAn the amount of the sums securcd immedintely beforc the
<br /> takin�, unlGSS Bo�rawer and Lender otl�erwise agree in writing or unlcss applicable law athcrwise provides, the procceds shall _
<br /> be ap,iicd to ti r.si•ms seci�ed by this Security Instrument whether ar not the sums are then due.
<br /> If the Property is aba�iuuned by Borrowcr.or if,after noticc by L.ender to Borrower that the condemnor offers to make an
<br /> awunl or settle a claim for dumages, Borrower fails t� respond to Lender within 30 days after the date the nutice is given,
<br /> Leudor ls auth�rized to collect und apply the proceeds.�t its option,either to restoration or oepair of the Properry or to d►e sums
<br /> secured by this Sccurity Instrument,whether or not there due.
<br /> Untess Lcnder and Borrower otherwise agroe in writing, any application of ptoceeds to prirtcip:tl shall not extend ar
<br /> postpone thc due date of d�e monthly payments referred to in paragra�hs l and 2 or change the amount uf such payments.
<br /> x I.d3orrower Not Relea.�;For6earance By�Lender No2 a Waiver.L+xtension of the time for payment or modification
<br /> of mn��iv.ation af die sums securcxl by tltis Security Insarument granted by I.encler to:u►y successor in interest of Borrower shall
<br /> . not operate to rclesse the liability af[hc original Borrower or Rorrower's successors in interest. [.ender shall not be requircd to
<br /> commence proceedings a�uinst any saccessor in interest or refuse to ex¢end time for payment or othenvise modify umorte2ation
<br /> of the sums securcd by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> successe.rs in interest. Any forbearnnce by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> exercise of any dght or remedy.
<br /> I2. Saccessors nnd Assigns Bound;Joint �nd Several Liabilit,y; Co-slgners, 3'he covenants and agreements of this
<br /> Se:curicy Instrument slwll bind and benef�t the sEeccessors and assigns of Lender and Bonower, subjeet to the provisions of
<br /> para�rnph 17. Borrower's covenants and ageee�ents shall be joint and sev�ral. Any Bonower who �co-signs this Security
<br /> : Instntment but d�es not execute the Nota: (a} is ca-signing thls Security Tnsnniment only ta mortgage, �'ar►t and convey that
<br /> Borrowar'r interest in t}ie Property under the terms of this Security Instrument; (b) is not persanolly obligated to pay die sums
<br /> securerl by this Securiry Instrument and(c)ngrees tl�at Lend�r nnd any other Borrower aeay agree to extend,modify,farhear or
<br /> - make n�ry uccommodutions witJi regm•d to the teims of this S�curity Instrument or the Note without that Borrower's consent. _-.
<br /> , 13. Loun Cl�arg�s.if tl�e loan secured by this Security Instrument is subject to a luw which sets maximum loru�chcuges, .
<br /> ' and thut luw is finnlly interpnted so that the interest or other loun charges collected or to fse collected in wnnection with the
<br /> loan oxeced the permitted limits, then: (u) any such loan cha3ge shall L�e reduced by the amount necessary to reduce the charge
<br /> `` to the paivnitted limit;and (b).iny sums alreaciy coll�;cted frmm Bonower which exceeded permitted limits will be refuixled to
<br /> � Borro�ver. Lender may choose to malce thts refund by reducing the principal owecl'under the Note or by making a direct
<br /> ' pnyment to Borrower. If a refund reduces princip�l. the reduction will be treated as a partial pre�ayment without any
<br /> prapayment ehnrge under the Note.
<br /> . lA:Notices.Any noticc to Dorrower provided for in this Security Instrument shall be given by delivering it or by rnailing
<br /> it by flrst cluss mnil uniess applicable law requires use of another method. The notice shall be ditccted to the Property Address
<br /> or any other address 8orro�ver designates by notice to Lender. Any notice to i.ender shall he given by first class mail ta
<br /> . Lcnder's uddress stnted herein ur any other uddress Lender designates by �nrnice to Borrower. Any notice provided for in this
<br /> Security Instn�mcnt shall be deemed to have been given to Borrower or Lender when given as provided in this paragrnph. '
<br /> 15.Govcrnlug Law; Seveaa6➢lity. Tliis Security lnstniment shall be govcrnecl by faieral Inw and the (aw of thc
<br /> � jurisdi�qfon in �vhich d�e Propeity is loc;tted. In die event that any provision or clause of this Security Instrument or ti�e Note
<br /> i conF�icts with applicable tmv,such conflict sh�ll not affect other provisions of this 5ecurity[nstrument or the Note which can be
<br /> • given effect witt�out the confltcting provision. 'fo chis end the provisions of this Security Instrumer�t anr� the Note are declared
<br /> � to bc severablc.
<br /> 1G.Harrowcr's Copy. Borro�ver shall bc given one conformed copy of the Note and of this Securiry Instnmient.
<br /> � Form 8D28 9/90
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