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<br /> paymcnt.may no lun�cr hr rcyuircd. ut th�uptiun�,f lAndcr. if murtgagc in,urunrr ruvcru�:c lin t�ie umaunt und f�rr thc perii�d � •;"
<br /> thut l.cndcr requires) pr�widcd by an inwrcrupprovcd hy I.�:ndcr s�guin hecumex avuiluhlc an� iti�ihtuincJ. Barrowe:r�hull puy , '';..: • �;..,��,;:
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<br /> thc premiums rcyuircd tu maintuin monga�,c insuruncc in cffcct,ur tc�pruvidc a linti rcscrvc,until thr rcquiretncnt fiir muhgn�c �-
<br /> �- in+urancc endti in u�:curdunrc with any wriucnugrccnunt hct�vccn Borrowcr und l�:ndcr ur applirahlr law. • • •r•^;:,_:�-
<br /> �Y 1 • '"—_ —
<br /> 9. Inspectiun. I.cndcr ur itti a}�ent may mukc rcasonuble cntries up�m und inspcctianti nf the Property. I.cnder shull give ' � ., ��-_
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<br /> _.4. Borrowcr ni�ticc at thc timc of or priur�o un inxpcction tipecifying rcas�mahlc cuusc fur thc inspertiun. �'` ' �: y �'+'�"�'
<br /> ., 10. Condemnation. The pr�xreds of any awurd nr claim for Jumages,direct crr ronsequential, in connection with any ��!����'�
<br /> ."`F�' ,�.-=__"'-=__.
<br /> rondenmution or other tuking uf uny pan c�f ihc Prc�perty. c�r for conveyancc in lieu af rondcmnution, ure hereby assigned and •��,��.�.,..___
<br /> shall bc paid to I.endcr. `:::__---
<br /> � In thc event of a totul tuking of thc Propcny,thc procecds shall be applied to thc sums securcd by this Seruriry[nstrunxnt. �-
<br /> whcther or not thcn due, with any exccss paid to Bonower. In the cvent of a partiul taking of the Property in which the fair `���`
<br /> market valuc of the Property immcciiutcly bef��re the taking is equul to or�reater than thc amount of the sums secured by th i� '��°t:��._—
<br /> `' Security Instrument immediately before ihe taking,unless Borrower and Lender otherwise agree in writing,the sums securcd by _
<br /> u; this Securiry Instrument shall bc reduced by the amount of the proceeds multiplied by the following fraction: (a) the total ��=~�_
<br /> � amount of the sums sccured immediutely 6cfare the taking, divided by (b) the fnir markct value of the Property immedintcly '�'�
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<br /> - befare the taking. Any balance shal! Ix puid t��Bc�rrower. Tn the event of a partial taking of the Property in which the fair ;,Y�.�-_ _
<br /> �,�` markct value of che Propeny immcdiatcly lxfore the taking is less than the umount of the sums secureci immeciiately before the �'�z��
<br /> � taking, unless Borrower nnd Lender �xhcrwise agree in writing or unless applicable law otherwise provides, the procecds shall `� —
<br /> " be applied to the sums securcd by this Securiry Instrument whether or not the sums ure then due. ��"-��"'
<br /> .� .iit=�;••:
<br /> If the Pmperty is abandoned hy &rrower,or if,ufter notice by L.ender to Bon•awcr that the condcmnor offers to make an i`�°-°-�`_
<br /> uward or settle a claim for dumages, Borrower fails to respond to L.ender within 30 duys xfter the date the notice is given, ____
<br /> Lender is authorized to coUect and apply the proceed�,at its option, either to restorution or repair nf the Propeny or to the sums i�''�
<br /> �� sccured by this 3ccurity Instrument,whctheror not then due. ' -- —
<br /> :< Unless Lcnder and Borrowcr otlurwisc agree in writing, any application of proceecis to principal shall not extend or '�` � �=.
<br /> , postpone the due date of the monthly paymentti rcferred to in paragraphs I and 2 or change the amount of such payments. - -
<br /> 11. Borro�ver Not Released;Forbca�rance By I.ender Not a Waiver. Extension of the time far payment or modifiw[ion �:' '-
<br /> � — _
<br /> -_._ .. - !•f i!ll1n�{j��ryn��if th�cttm�c�oure�l hv Ihlti SfCUfI[V [nstrument rranted b�•Lencier to any suceessor in interest of Borrower shall E_=
<br /> _ _ . .
<br /> not operate to rcicase thc liu6ility of thc originul liorrower or Borruwer',successors in intcrest. Lender shall not be requircd to "
<br /> commenre pruceeJings aguinst any tiuccesticx in interetit or refuse to extend time fcu puyment or otherwise modify umortiuition = =
<br /> c�f the +ums xerurcd by this Security Intitmnune by rcuwn ��f uny demand m•rde by the originul Rorrower or Borrower's —
<br /> �ucceti+or, in interest. Any f��rbcurance by I.cnder in exerei�ing uny right cx remeAiy shull nc,t be u waiver of or preclude the
<br /> cxcrcisr uf nny right ur rcmcdy.
<br /> 12. tiucceswrs und Assi�ns Bound;Joint und Srveral Lis�bllity; Co-si�ners. The covenunts and agreements of ttiis
<br /> Securiry [nst�ument xliall hinJ and benetit ihe succetisors und assign� of Lcnder und Bonower, subject to the provisions of '-
<br /> paragruph t7. Borrower's mvenants and agrcementti shu11 he joint und several. Any Borrower who co-signs this Security =
<br /> In�trument but dc>es not execute the Notc:la) is co-xigning this Security Instrument only to mortgage, grant and convey that
<br /> • Borrovrer's intcrest in thc Property unckr thc temis of this Security Instrument; (b) is not personally obliguted to pay the surns
<br />- �cwrui by this Sccurity Instrument; und(cl agrecx that L.cnder and any athcr Borrower may agree to extend, modify. forbear or
<br /> make uny uccommodutions with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Char�es. If the loan saureJ by this Security Instrument is subject to a law which sets maximum loan charges, �
<br /> and that law is finally interpreted so chat thc interest or other loan charges collected or to be collected in connection with the _
<br /> lo.ui exceed the permitted limits, then:(a)any such losn charge shall be recluced by the amount necessury to reduee the eharge �-
<br />_ to the permittcd limit: and (b} any sums :nlrcady rollectcd fr�m Borrower which cxceecied permittcd limits will bc refunded to �
<br /> Borrower. [xnder mxy rha��se to make this refund by reducing the principal owed under the N��te or by making a direct _ _��
<br /> , payment tn Borrower. If a rcfund raluce� principal, the reduction wiU be treated As a partial prepayment without any i--
<br /> � prcpaymcnt chargc undcr thc Nutc. �:
<br /> - 14. Nnticcs. Any nuticc to 9orrowcr providcd for in this Security Imtrument shull hc givcn by drlivcring it or by rnaili ng °":— _ _
<br /> it hy tir:t dass mail unlcss applicabl�law rcquires use of anothcr mcthod. The notice shall bc dircrtcd to thc Propc�rty Acldre_ss ��"" _ '
<br /> ur any �uher adJretix Borruwcr designatc,hy nutice to C.cndcr. Any notire to Lcnder shull he given by first rlass cnail ta .--.----.
<br /> T.cnJ�r'ti uJdres� stuted hcrcin or any�KhcradJress Lcndcr dctiignatcs by iiotirc to Bc�rrowcr. Any noticc provided fur in tl�is �'�"``=-•�-==-�'-�.
<br /> Sccuriry In+trument tihall bc Jccntcd to havc heen given to Borrower or I.endcr whcn givcn as providcd in this paragraph. '=•.?-'•"-���`�'
<br /> � 15. Governin� I,aw: Severabillt•. This Sccurit Intitrumcnt shall bc ovcmeJ h fedcral I�w and thc law uf t hc �a- �� --
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<br /> jurisdirtiun in whirh thc Property iti I�xutcd. In thc cvcnt that any pr�vision or clau,c of this Serurity Instrumcnt or thc Ne�tc +=��'
<br /> �-•:.r�kr:,.:�:,:`.
<br /> � runllirts witli applicahlr law. wch rc�n0ict�hall nut al'fcct othcr provisionti of thi+Scruriry In�trumcnt ur thc Notc whiclt can bc '."°°;��:�.K:
<br /> �!iven el'I'crt withuut lhe runllictin� pruvi�inn. Tn thiti cnd thc provitiic�ns c�f Ihis Serurity Insn•ument and the Notc are dcclure�! .,
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<br /> t��hr �cvcrablr. �
<br /> 16. Borroa•er's Cop��.l3�uruwer,h.ill hc �ivrn one runti�rmcd rupy�if Ihr Nute and ul'thiti Sccurity Instrumcnt.
<br /> Form 3028 9/90 .. ' .
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