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<br /> . payments may nu langcr bc rcqaircd,at the option uf Lcnder.if nwrtgage insur,incc ruvcragc (in thc anu�wu�md tiir thc periud —
<br />-. ' thm Lendcr rcquires) providecl by an insurcr appravcd by Lcndcr ugain bccomc+:a'cu�,�hlc iuid i+i�btuincJ. Ii��rrowcr sl�ull p:ry
<br /> thc ptcntiuins requircd tii muintain ntortgabc insuru�r:c in cffcct. or to providc a I�ns rc,crvc. until thc reyuircnunt f'or nu�rtgubc —
<br /> insur.►ncc cnds in ucrordancc with .my wriltrn ugrc��n�ltl bctwccn Aorrnwcr a�ttl I.cndrr nr upplirnhlc law. �.
<br /> �;;e,;c 9. Inspeeilon. I..c:nder ��r its ngent miiy mnke reusonable entries upon anJ inspectiuns oi�Qie Pruperry. Le�idcr+hull give —
<br /> --� Aorrower notice at the time of'or prior ti�nn inspection specifying reusonahie cuu�c I'o�thc inspcction.
<br /> , 10. Condemnatlon. The proceeds uf uny awurd or cluim fiu d:u»ugca, direct ur cun+cyuential, in cannecti�.�n with nny
<br /> condemnation or other takin� of any part uf the Propeny. or for conveyance in lieu��f condenmation, are herehy us+igned and
<br /> ' shaU bc paid to l.endcr.
<br /> in the cvent of n totul[uking of th�Prupeny,thc proceeds sl�all be applicd to thc sums sccured by this Sccuriry In�+trumcnt, _
<br /> � whether or nitit then due, with any cxccss p�iid to Borrower. In the event of a partial taking of the Prapc:ny in vrhich the fair
<br /> ° mnrkct valuc of thc Property immcdiutely bcforc thc taking is cqual to or grcatcr chun thc umount of thc sums sccurcd by this
<br /> ' • Security lnstrument immediately bc:fore thr,tnking, unless Horrower and L.ender otherwise ag►'ee in�vritin�,the sums secured by
<br /> . ,�,,�, this Secur�ty Instrument shall be rcdur.ed by the amount of the procccds multiplicci by the following fraction: (c+) the total
<br /> ,;tT- amount of the sums secured immeciiately before the taking. divideci by (b) the Cair market value of' the Property immediately
<br /> :��.'• ` '� bcfnre thc taking. Any balance shnll bc paid to Borrower. In the event of a partial taking oP the Property in which the fair
<br />' ' `"' ��� market value of the Property immediately before the taking is less than the umount uf Q�e sunis securcd immediately before the
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<br /> taking, unless Borrower and Lender otherwise ngce�:in writing nr unless applicable law othenvise provides, the proceecis shall
<br /> be a{�plied to the sums secured by this Security instrument whether or not the sums are then due.
<br />--�-;��;:�.;:�i. If the Property is abundaned by Borcower,or if, after notice by Lender to Sorrower that the condemnor offers to make an
<br /> 'v ;;� a�vard or settle a claiin for damages, Horrower fails to respond to Lender within 30 days after the dute the notice is given,
<br />�.,:,�i��"�,`� Lender is authorized to collect nnd Apply the proceeds, at its option, either to restoration or repair of the Property or to the sums
<br /> -= . •:•-���.�' � szcured by this Security Instrument,whether or not then due. _
<br /> -"���"�`�• Unless T.ender and Bonower otherwise agree in writing, any application of proceeds to principal shall not extend or
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<br />�"1��� ,., postpone the due date of the monthly pAyments referred to in paragmphs 1 nnd 2 or change the amaunt of such payments.
<br /> -�`=:{ *�, 11.Borrower Not Relcused;Forbearance By Lender Not u Waiver. Extension of the timc for payment or modificatian
<br /> -a*'.tr.:� . of amoRization of the sums secured by this Security Instrument granted by L.ender to any successor in interest of Borrower shaQ
<br /> i i.;,;der�hs!!S:o2�`[nn��jm�1 M
<br /> -�:i,g,�,�., . not operate to release the liability of the original tiotto�ver or uorrower',�uccc,�vis����rt�r:.s• -.-•-�
<br />�;;_,���1�� comm^nce proceedings ngainst any successor in interest or refuse to excend time for payment or otherwise modify amortirntion
<br />-- -'s'�y: of the sums secured by this Security Instrumcnt by reasun of any dcmand made by the original Borrower ar Borro�ver's
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<br /> _-_'"-'-ry��_ successors in intetest. Any forbearance by Lender in exercising nny right or remedy shall not be a waiver of or preclude the
<br /> --= exercise of any right or remedy.
<br /> --- -----— 12. Successors and A.sst�ns Bound; Jolnt and Several Linbll�ty; Co-slgners. The covenants and agreements of this
<br />—_ _ _ , Securtty Instrument shall bind and benefit tlie successors and assigns of I.ender and Bonower, subject to the provisions of
<br />�:�:,;,.;,q,� paragraph 17. Bonowr,r's wvenants and agreements shall be joint and several. Any Iiorrowcr who co-signs this Security
<br /> ---ri:��� . Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mongage, grant and convey that
<br /> '-� -�'�� ` Borrower's interest in the Prope�ty under the terms of this Security Instrument; (b) is nat personaUy abligated to pay the sums
<br /> � -= secured by this Security Instrument;and(c)agrecs that l,ender and any att�er Borrower may agree to extend, modify,forbeFUr or
<br /> � make any acwmmodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br />��`�--- 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law �vhich sets maximum loan charges,
<br /> �� . and that law is finally interpreted so that the interest or other loan charges collccted or to be collected in connection with the
<br /> ' loan exceed the permitted limits, then: (u)any such loan charge shull be reduced by the amount necessary to reduce the charge
<br /> � to the permitted limit;and tb)any sums already collected from Borrower which exceeded permitted limits will be ref�ended to
<br /> - -- Bonower. Lender may chaase to make this refund by reducing the principal o�ved under the Note or by making a direct
<br /> __-�_= payment to Borro�ver. If a eefund reduces principal, the reduction will be treated as a partial prepayment withaut any
<br /> :�,-�=� prepayment charge undcr the Note.
<br /> �---- 14. Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> �_�s� it by first cluss mail unless applicable I�v�requires use of another mcthod. The notice shall be directed ro the Property Address
<br /> --_— or any other address Borrower de�ignates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> ----- Lender's address stated lierein or any othcr address L.cndcr designatcs by notice to Borrovier. Any notice providcd for in this
<br /> _ _== Securiry Instrument shall Ve deemed to havc bcen given ta Borrower or Lender when given as provided in this paragraph.
<br /> _=�a';�� 15. Governing Law; Sevcrnbility. This Sccurity [nstrument shall be govcrned by feJeral law and the law of the
<br /> '-�.��;�� jurisdiction in which tlie Property is located. In the everu that any provision or dause of this Security Instrument or the Note
<br /> -=��d'%,c.e;' conflicts with applicable law,such conflict shall no[affeet other provisions of this Security Instrument or the Note whieh cun be
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<br /> �'�• •�•�==rt given effect�vithout the conflicting provision.To this end the provisions of this Security Instrument und thc Note are declared
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<br /> __,�.,�r;;:, to be severable.
<br /> ��-`"�?-"'• 16. Borro�ver's Copy.Borrower shall be givcn one conformed copy of thc Note and of this Securiry Instniment.
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<br /> _ Form 3028 9I90
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