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<br /> ' puyment.muy nn lungcr bc rcyuind.ut thc��ptiun nl'l.cndcr.if murt�agc insurancu cuvcrn�c(in thc unu+unt und fur thc per�y� .�
<br /> thut l.�ndcr requiresl prnviaicd hy un insurer upprovcd hy LA:ndcr uguin bccomcs uvuiluNic und is��htuincd. Borrowcr shull a . 5.'.,_
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<br /> thc prcmium.rcquircJ tumuintuin���urtgugc insurancc in cffcct.+,r ti�pruviJc a������«�r��•�������d'�rcquircmcnt ti�r mortgugc00 _-y`
<br /> � intiurancc cnds in accarelnncc with.uiy writtcn i►grccmcnt hetwccn Burrnwcr und l.�:tidcr c�r upplicublc luw. y _
<br /> , 9. Inspection.l.emlcr��r it.ugont map makc rcayc,nahlr rntric'"��I`cuusc�fiPr the'intipcct on.'•����rty. [Andrr tihull givc �
<br /> � Bc�tt��wcr noticc ut thc timc��f or pric�r to un in+pectiun spcc�fying rcu. ;_
<br /> �'"""�""� 10. Condemnutlon.The prc�c�rJs uf uny uwurd or cluim ti�r dumuges. Jirect or cunsequcntiul, in amnectwn with uny �' ,_ _
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<br /> � � cundcmnuti��n��r othcr takiRig of uny purt��f thc Propcny.ur tirr convcyuncc in licu af condcmnati��n, arc hcrchy utitiigncd und� —
<br /> , �.+, shull bc paid ti�Lendcr. -
<br /> " nt of a[c�al tuking of thc Pruperty,thc procccdx tihall bc upp�icdio thc�umti sccurcd hyrhiencc nrity�'h hc fuir�
<br /> � In thc cvc ,
<br /> � whether ur not then duc.with any exccss puid to Borrower. In t he e v e n t a f' a p a rt i�l t u k i n g��f t h c p y
<br /> markct vuluc nf the Properey immcdiatcly before thun�e5s S�rrower unci�L.enderutherwi�e ugrccUn�w iting�the�sum�secureci b'y "=
<br /> Security instrument imrnaliately before the taking.
<br /> this Securiry Instrument shull be reduceci by the umount �f the proceed� nwltiplied by the following fraction: (u) the totnl
<br /> umount of the sums securcd immediutcly bcf��rc thc t�Wicg•I l [hr c cnt(of t parti 1 tuk ng of the Propertryp ntwhnch he fa�
<br /> bef��re thc takin}�. Any balance shall be paid to Borr _
<br /> merket value of che Property immeciiately before the taking is Iess thun the arnount of the sums�ecured immediutely befare the a�.
<br /> �• taking. unless Borrower and L.ender otherwise agree in writing ur unless applicuble law otherwise provides, the procecds shull �,
<br /> . be applied to the sums ucu red by this Security Instrument whether or not the sums are then due.
<br /> if the Property is abandnnecl by Borrower,or if,ufter notice by[.ender to Borcower that the condemnor offers to mu{ce nn �
<br /> award or setde a clairn(or damages. Borrower fuils to respand to I.cnder within 30 days ufter the dutc the natice is given,
<br /> � Lender is authoriud to wl lect and upply the pr�ceeds,ut its option, ei[h�r to restorution ar repair of the Property or to the sums _
<br /> secured by this Security Instrument,whether or nat then due. ��cation of proceeds to principul shall not extend or
<br /> Unless Lcnder and Borrower otherwisc ugree in writing, any app' '
<br /> � + postpone the duc date aithe monthly payments referred to in parugraphs 1 und 2 or chunge the amount of such payments.
<br /> 11.Borrower Nat Iteleased;Forbearnnce By Lender Not a Waiver. Extcnsion af thc time for payment or modification
<br /> of amonization of the wms secured by this Security lnstrument granteci by L-ender to uny successor in interest of Bonower shall
<br /> _.__,_______ not operute to release tbe linbiliry of tne original Borcower or Borrower's sucrossors in interest. Lender shall not be required ro
<br /> commence proceedin�s against uny successor in iiicere+t u� reiusc ta cxtcr.d tir.!c fnr rayment or othenvise modify amortization
<br /> of the sums secured bp this Security Instrument by reason of any demand made by the original Bonower or Bonower's
<br /> �;; succcssors in interest. Any forbeurance by Lender in exercising any right orrernedy shull not be a waiver of or preclude the
<br /> exercise of any right orrerncdy.
<br /> 12. Succe.sso� nnd Assigns Bound; Jotnt and Several Liubllity; Co•stgners. Thc covenants and agrecments of this
<br /> � � Security Instrument shell bind and benefit the successors and �ssi�ns of Lender and Borrower, subject to the provisions of
<br />_ • paragraph 1�. Borrower's covenants and ugreements shall be jaint and several. Any Borrower who co-signs this Security
<br /> � , Instrument but dces na execute the Note: (a) is co-signing this Security Instrument anly to mortgage, grant and canvey that
<br /> Bonower's interest in ihe Property under the terms of this Security Instrumcnt; (b)is not persanally obligated to pay the sums
<br /> � secureci by this Securitr Instrument: and(c)a�rees that Lender and any other Borrower may agre,�:to extend, modify,forbear or
<br />- • , make any accommodations with resurd to the terms nf this Security Instrumc�N or the Note without that Borrowcr's cansent.
<br /> i•� , , 13. Loun Charges. If the loan secured by this Securiry Instrument is subject to u law which sets maximum loan charges.
<br /> ' and thut luw is final ly interpreted so that the interest or other loan charges mllected or to be collected in connection with the
<br />- ' loan exceed the permined limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the cherge
<br /> to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> � Borrower. Lender may chcx»e to make this refund by rcducing the principal owecl under the Note or by making a direct
<br />-. payment to Borrower. If u refund reduces principal, the reduction will bc treated as a purtial prepaymeut without any
<br />_, prepayment charge undcr the Note.
<br />_��y' - 14.Notices,Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing —
<br /> � it by first class n�il unless applicable law reyuires use of another method. The notice shall be directecl to the Property Address
<br /> >� or any other uddress Borrowcr dcsignatcs by notice to Lendcr. Any notice to Lendcr shaU be givcn by Cirst class mail to —
<br /> �'� Lender's:�ddress xtated herein or uny other uddress L.ender designates by catice to Borrowcr. Any notice provided for in Ihis _
<br /> , i Security Instrurnent shal l be deemed to havc heen given to Bc�rrower e�r Lender when given as provided in this paragraph.
<br /> 15.Governln� I.it�v; Severablltty. This Securiry lnstrwnent shall bc governed by fedcral law and the law of the � .�
<br /> �� jurisdiction in �vhich ihe Prciperry is locutcd. In the evcnt thut any provi.ion or cluutic uf this Sccuriry Instrument or thc Notc ��,,�__
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<br /> rontlicts with.�pplirablc law, sunc�cmtlict shall not affcct othcr provision�c�f this Sccuriry Instrumcnt or the Notc which can bc
<br /> ; givcn effect witlx�ut ipe wntlirting provitiicm.To thix enJ the provitiions e�f this Sc�urity Instrument and the Note are declarcd
<br /> � to bc�cvcrablr. �
<br /> � 15.Borro�+er'�Cvpr•. Rorrowcr tihall bc givcn one contiirmcd copy af�hc Notc and of this Srcuriry Instrumcnt.
<br /> Form 3028 9I90
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