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<br /> puyment�may no longer be required. at the option uf[.ender. if murtgagc ituurancc c��vera�c lin�hc untuunt and ti�r thc prriud . .��..
<br /> �r���:
<br /> that I.ender requires) provideS hy an insurer approved by C.ender aguin hcromcti uvuilahlr ;�nd i���htuinrd• l3urruwer.rhidl piry R
<br /> ,. the premiuro,require.t tu maintuin mortgage insurance in effert,e�r t��prnvide ii lu.ti rr.crv�.until ihe nyuircm�nt fur murt�n�:r (A �'� ��
<br /> �•�:�,_ .
<br /> �� insuranec ends in accnrdance with uny written agreement hetween Sarrower and Lender or upplicahlc I.rn. 00 �;.__
<br /> � 9. Inspectian. L.cnder nr its agent may makc rcasonablc entric�upon unJ inspertions uf thc Prnperty. I�:ndcr ,liidl Nivc ( `:P•—
<br /> Borrawer notice at the time o(or prior to an inspection specifying reasonable cause for the in+�xrtiun. � �w'
<br /> lU. Condemnation. The prcxeeds af any award or cluim for damageti, dircrt ��r a�nscyucntiul, in amncrtiun with +iny� ______
<br /> candemnation or other taking of any purt of the Propeny,or far conv��yunce in lieu��f'condcmnati�m.:irc hcrehy i►��i�;ncd un� —
<br /> shall br puid to I.ender. � •°_-
<br /> In thc event of a total taking of the Property,the procceds shall be upplied tci the �;umti �ccurcd hy thiy Sccurity In,trument
<br /> � whethcr or not then due, with any excetis paid to aorrower. In thc cvent of a purtiul tuking oT thr Property in whirh the I:ii� _-
<br /> murket vulue of the Pmperty immecliately heforc the taking is cqual to or greuter than the amount uf thc�um+�.crurc�l hy this _
<br /> Securiry Instrument immediately before the taking,unless Borrower und Lender otherwi+e:�grer in writing,the sumti tircnrcd by
<br /> ' this Security Instrument shall be reduced by the amount of the proceeds muhiplied by the following fractiun: (u) the ti�tul _
<br /> �' umount of thc sums secured immediately before the tuking, dividcd by (b) the fuir market vuluc of'the Pruperty immcdiutcly
<br /> j� bcfore the taking. Any bulance shall be paid to liorrower. [n the evcnt of u partiul luking of Ihe Property in whirh the f:eir �- —__
<br /> .� market value of the Property immediately bcforc thc talcing is less than the amaunt of thc sums ucurai immaliatcly beforc the �
<br /> taking, unlesti Borrower und Lender othenvise ugree in writing or unles�applicuble law otherwise prc�vides, the prucccds shull _
<br /> ,;�� be applied to the sums secured hy this Security lnstrument whether or not thc sums urc thcn due.
<br /> ` If the Yropeny is ab:�ndoned by Borrower, or if,after notice by Lender ro Borcower thut thc condcmnor��ffen to mukc un _
<br /> uwurd or scttle a claim far damages, Borrower fuils to respond to L.endcr within �0 day+aftcr the dute thc notice i�givcn.
<br /> �� Lendcr is authorized to collect und upply the proceeds,at its option,either tn restarntion or repuir of the Pro�rty i�r tc�the�ums
<br /> secured by this Security Instru�nent, whether or nat then due.
<br /> Unlcss Ltndcr and Borrowcr othcrwisc agrcc in writing, any upplicution of procecds to principal shull ni�t cxtcnd iir _
<br /> �' postpone the due date of the monthly puyments referred to in puragraphs 1 und 2 or change thc anxiunt of tiuch puymcnts.
<br /> 11. Borrower Not Released; Forbeurance By l.ender Not a Walver. Extension of the timc ti�r puyment ur muc{ificution
<br /> - -" -'� �� of amortiwtian ot the sums secured by this Securiiy Insiruuicui g�autr,�1 by L�:t�der i�ti any suxe;�ar ir interc::t nf&�rru�ec�hu�!
<br /> not operutc to rcicase the liubility of the original Borrower or Bonowcr's successors in interest. Lcnder shall nnt bc rcquircd to
<br />. commcncc proceectings against any succcssar in interest or refusc tc�extend tLnc for puyment orothcnvisc maiify nmortixutfon
<br /> of the yums securcd by this Security Instrument by reason of any demnnd made by thc original Borrowcr or Bormwcr's
<br /> successors in interest, Any forbearance by Lender in exercising uny right or remeciy shall not be u wuivrr nf or preclude the
<br /> excrcise af uny right or remedy.
<br /> „ 12. Succcssors und Assigns Bound; Joint and Severul I.Isbllity: Co-signers.Thc cavcnants :►nd ugrccmcnts of this
<br /> Securiry lnstrument shall bind und benefit the successors and ussigns of I.ender und Borrower, subject to the prcivisions of
<br /> parxgraph 17. Borrower's covenunts und agreemcnts shull bc joint and scveral. Any Barrc�wcr who co-signs this Sccurity
<br /> Instrument but does not execute the Note: (a) is co-si�ning this Security instrument only to nrortguge, grunt and comcy that
<br /> Borrowcr's intcrc.t in thc Property undcr thc tcrms of this Security Instrumcnt: (b) is not persunully abligutcd ta puy thc sums
<br /> securcd by this Security Instrumcnt;and(c)agrces that L.endcr and any othcr Borrower may agrce to cxtcnd,modify, furbcur�r
<br /> � makc uny uc�ommodutions with regard to the ternn of this Securiry Instrument or the Note withaut that Barrower'x c��nsent.
<br /> li. [,oun Charges. [f the loan secured by this Security Inxtrument is subject to a law wnich sets mrximum loun chargcs.
<br /> and that law is tinally interpreted so that the interest or other loxn charges collected or to be collected in connection with thc _
<br /> • loan exreed the�x.rmitted limits.then: (a) uny such loan charge shaU be reduceci by the umount neceysury tn reduce the charbe
<br />- to thc permiucd limir.and Ib) uny sums alrcady collected from Borrower which cxcecded permittul limits will bc refwidcci to
<br />- . � 8��rr<iwcr. LenJer may cha�se to make this refund by reducing die principal owcd under the Notc or by making u dire�t =
<br /> payment to Burrower. lf a refund reJuces principul, the reduction will be tre:ited as a partial prepuyment withuut uny
<br /> prcpaynunt rhargc undcr thc Notc.
<br /> 14.Notic�w. Any noticc tn Bc�rrawer provided for in t!iis Sccurity In,trument shall l�c givcn hy dclivering it or by mailing _
<br /> � it hy lirst rla�+mail unlcsti applicuble law rcyuires usc of anothcr mediod. Thr noticc shaU bc dirrctcd to thc Property Addre�s �
<br /> or any uthrr addrr�. Burrowrr dc+ignacc, by notirc to L.endcr. Any noticc to I.cndcr shall bc givcn by tirst clus� mail to _
<br /> ' LcnJcr'ti addre+, +tutcd hcnin ur any uthcr address Lcndcr Jcsignutcs hy noticc tu 6orrowcr. Any noticc providcd fi�r in thi� - =;�:._.
<br /> ' '1=_: -
<br /> ' . Sccurity In.trumcnt,hall hc dremcJ t<i havc hcen given to Borrciw•cr or Lcndcr whcn livcn as provided in thi�parugruph. ..
<br /> 15.Guvcrn(n�; I.i�a•; ticvcrabilit}•. Thi, Srcuriry Instrumcnt shall bc gnvcrncd by fcdcral law and thc law ut'thc - _..
<br /> `�;.�:,:
<br /> juri+dirliun in ��hiih thr f'm�rrty i� locatcd. In thc cvent that any prc�vision c�r claux cif this Security Instrumcnt or thc Nutc .
<br /> r�,nllirt.with applicahlr I.nv. ,unc�unllirt tihall not:d�fcct othcr pr<rvision,of thiti Security Instrumcnt or thc Nutc a•hinc�an b� ..
<br /> � �ivr�i clTcrt w�ithaut thr runllictin}: pruvisiun. To this cnJ thr prc�vi,iim�of this Sccurity Instrumcnt and thc Nutc ure dcclared
<br /> lu hr.r�rrahlr.
<br /> I lb.13orruti�cr'�Copc. i3urr�,wcr�hall bc grvrn un�rontixmcd cupy of thr Nutr ancl of thi+Sccurity Inytrumcnt.
<br /> Form 3028 9/90
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