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<br /> .. , payments may no lnnger be required,at the opiian of Ia;nder.if mc►rtgage insvrance covuage Cm the amount and[or the periad . ' ' _ �` �
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<br /> '` thsi Leader�equues)Pmvided by an ins�uer approved by L.atder ag�in becomes available aad is obta�ed.Bosower shali pay the ` .. .
<br /> • pre�iums requned w maintaia mongage insuiance in et�ect. or to provide a lnss rese�ve,imtil the cequiremeAt for mortgage . . �°,..
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<br /> :, . insuiance eads in soco�ce wuh any wzitten agreement betweeu Boaower and L�ead�or a�plirable law- _„ _ . •....' .
<br /> gr men
<br /> , � 9.Ia�pectfua L�d��its ag�t mny make masonab�e euiries upon and impec6ons of the PropeKy.I.eatdea shaU give' �.'
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<br /> • `_ — BurroNer notice ai the time of ar prior tn an ms�ecxion specifying�asonable puse fo�the msperoion. `�'`: .' • ,
<br /> se
<br /> �..-�=z� 10.CondPmnatton. 'Ihe gmceeds of any award or c1a�for damages,direix or con�equential. in connection with an7�� , �� ,� �'
<br /> -- _-- --- ``_".'_; coudemnadon o*r�ot�h�er taking of any gart of the Propeaty,or for coaveyance in lieu of condemnarinn,ffie herebY as��ed and"� . `.
<br /> �� • � ����I.GlWG1• "-�' ..'.L., __;�.
<br /> ,�1 In the event of a mrdl r�kin of the Property,the prnceeJs sbail be spplied to the swos secured by this Seanrity Instcumee�t,� .
<br /> S . ' ._t„_C,: '`
<br /> • :� � whetha or not ther�due,with mmy exces�paid to Brnrower.In the evee�tt of a pardal taking of the Pmperty in whic6 We fanr market� . � :
<br /> �. �.�.,_
<br />, • ;:i vaiue of the Property�rn�ty before the tatoag is etNal to oi gearxr tban the amnwt of the sams secviced by this Seauity� , . _ ,,
<br /> •'` i Tnstn�mee�t immediately before the raldng,anless Borrowei and Lender oihe�wise agcee in wriling, the sums secmr�ed by thi� < . ; ; ;;..<<.
<br /> , .�.; + Sec�city 1ns�me�t sbari be reduced by the arnount of the proceeds muItiplied by the fallowing�ac6on:(a)the t�ial amomu ofQ% . � --A�'�:
<br /> . . ,r.� the sums secaaed immediatelY befare the taking,divided by (b)t�e fas m�ket walae of the Pmpe�rty immediaLely 6e�'are the ,� F:�.-
<br /> ta�g,pny balance shall be paid to Boaower.Tn the event of a parroai mlang of the pc+�paty in w6ich the fair market value of the
<br /> • � p�peaty ittuaediatrly befoce We taking is less t6an the amoimt of the sums sec��d immediatelY befoie the taldng. un�ess �- —. -
<br /> ' F Baaawei and Lender otheswise agree m writing or w�1�aPP2icable Iaw ath�+ise provides,the praceeds sdall be applied tn the �
<br /> ' ' � stmos saciaed by t6is Security Ins�amea�t whether ar uot the sams are then dae. .:_
<br /> . . If the Properly is abandoaed by Bormwe,r.�i�after aotice by I.e�der w Buaowa tbat the condemnor offeas to make an . .: .�_
<br /> ' , � awffid ar se�tte a claiu+for damages.Bmrawer fa�s to respaad to Icnder wityhin 30 days af�ei the date t he notice is given,L e n d e r . . .,.
<br /> � is authurize�w wllect and apply the pmceeds,at its option.eather to�on or�epair of the Propexty or�o the sams seaued .�_
<br /> • -. by ttus Secarity Ios�ntent,whether or noi then dne. _r_. �°�°
<br /> Unless Lenda en�Borrower otheawise agree in writmS.anY aPPticaUnn of proce�ds w principai shall not extead or postpone `. -�';�!!-�_,:
<br /> �,::` the due date of the manthty payments refemed[o ID paragtaphs 2 and 2 or change the araouat uf suc6 payments. :°:_-:::;:-..-
<br /> . � � 11.Borrower Not Reieased;Forbearance By I.eader Not a Watver. Fatengion of the time far payment or madific�tioa `���s.':�
<br /> '. .: ` of amortszabion of the snrag secured by Wis SecUrit�r Ins�uume�t g�anted by Lerider to any saocessor in interest of Bmrower shaU '�'s�";�
<br /> m .::.x�=..;�
<br /> f not operate to telease the tiab�ity of thc original Bormwer or Ba:mwea's sacc�sors m mt�est Leader shall nat be reqaimd to � ,°. �
<br /> commence praoeedia&4 ag�st anY successor in interest ar refuse to extend time for paymeni or othawise modify amorti�on of ;�
<br />. � "�.��� the s�s sec,�ued by this Seca�riry Insaumeat by re�an of any demand made by the original Ba�aower ar Boaow�'s successoss '•. :�%:��� :'�
<br /> • • s! in int�st.My fa:beaiancc bI+Lender in exercismg soy right or re�edy shall not be a waives of or p�eclude the exacise of mry !a�i=°;-
<br /> , .,-
<br /> �_
<br /> � right ot remedy. " ;`,�-F, ,s,:
<br /> . , � 1Z.Saooesofs and As�,igns Bo�d.Jofnt and Several Liah�lity:Co-sjSQers.'Ihe covea�ants and agreemwts of this �,.��. .� : �,�..,
<br /> Se,c�ritp Instrument shall bind and benefit the saccessa:s�d assigas af Lend�and Horrower,sabjed to the provisions of . ` • '� T�..''�`
<br /> - : � , pa:agEapb 17. Baszower's covenants and agreemeats shall be joint and several Any Horrower who co-signs tLis Sec�ity `,. �'' �:'�':�:-
<br /> ..., :.-��
<br /> Instrmnent but does not execute the Nota(a) is co-sigmng this Secarity Instrument aaly to martgage,grant and convey that '.�~�.�:
<br /> , - � Bormwer's interest in the Property ander the t�ns of Wig Security Instruma►t; (b)is not pasonally obligaied w pay the sums ,-y`��--
<br /> . sec�ued by this Serauity Irutrumea��and(c)agrees ihat Lended and any othe.r Bo:mw�may a�ree to extend,madify.forbear or . . >�:���.�
<br /> ".' . matce any aeeommadations with regard to the terms of this Seaniry Insuument or the Note withoat that Borcowea's eonse,at ;�'��r?
<br /> � 13.Luan C6arge9. If the loan secaued by this Security InstrumeAt is subject to alaw which seis muimum loan chaTges, • °.�
<br /> � ,o ��~
<br /> . : ,,�y- .
<br /> ;. . and ihat law is fmally inte�preted so that the interest or other toan charges collected or to be collected in conneciion with We Ioan • .
<br /> .f.d e�cceed the permiv�i limits,then:(a)any sucb loan charge shall be reduced by the amoant necesqary+to reduce the cbarge w the . ;:�
<br /> , � ' , per�nitted limi�and(b)any sumv atready caltected from Bo�wer wluch exceeded perautted limits will be refunded w Bolrower. . �: •��`r:
<br /> . Lender may chaose to make this refund by reducing the principal owed under the NotE or by making a direct payment ta -. _
<br /> .•;. .� ' Bormwer. If a refund reduccs principal,t�e r�daction will be treated as a P��P�Y�nt without any prepayment ct�e . • . :
<br /> . �nder the Note. ..;: -,. .
<br /> � �� 14.Notices. Any notice W Borrower provided for in this Security Instrument shall be given by deliveaing it or by ma�7ing it:�- • ' •ttr
<br /> � ', by fust class ma�7 nn2ess applis�le law reqa�es use of another method.'I�e notice s9za11 be direcxed to the Prope�ty Address or"'' . .. �
<br /> any othar address Borrowc�desgnates by notice to I,ender.Any nodce to L�endc�shall be given by first class mail to Lender's'"• • .
<br /> � address stated 4erein or any other adMess Lender de.signates by notice w Borrower_ My norice pravided for in ihis Securiry
<br /> Instnunent shall be deemed w have been given tn Borrowa or Lender when given as pzorided in this parag�aph. :;� ..
<br /> _ � ' IS.Gaverning I.aw;Sevepability. 'Il»s Securiry IIr�srs��.unent shali be govemed by federal law and the 1aw of the' ' �
<br /> , � - j�sdic6on in which the Fmpeaty is Iocated. In the evem 4'sat any provision or clause of tUis Security Insuument ar the Note ��
<br /> „ conflicts with applicable law.such conflict shall not affect olher provisiona of this Security Instrument or the Note which can be , .
<br /> � . given effect arithout the wnflicting provision.To this ertd the provisions of th�s Securiry Inswment and the Note are dectared to ' �. .
<br /> . be severable. � �• . .
<br /> �'._ �.
<br /> • Form 8048 9/90 -
<br /> � � �-8A(NE�t92t2).ot Papoeote tnWata: . . '
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