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<br /> ' paymcnt� ro;�y �iu Inngrn c�rc��uiral, nt thc upuan uf I.�ndcr. i(murtNugc intiuruncc�uvcrugc lin thc umuunt and fur thc per��y
<br /> lhtU I_cnd�r n'�puretil��r�wiilc�l hv an in�urer up{�r��vrd hy l.ond�r�t�,ai�t hecom�� avt�ilahle.utd is ahtaincd.B��rrower shull �
<br /> � thc prcniiwu�nquircd ti�mi►inaiin murtgu�;r in�uri�nrc in ctl'cct,ur tu pr��v�dr ei lu,ti ra:,cr�c, until thc rcyuirttrnnt t'or mori�:igc
<br /> I in+urunrc rndti in ac�ur�luncr wi�h�my wriucn.igrccmcnt bctwrcn 13urruwcr iuid Lendcr or applicublc I�nv.
<br /> 9. Im�x�cUnn. lxndrr ur i�� agcnt muy makc rc,�+��naMc rntric+ upun an� in�prrti��n+uf thr Propcny. Lendcr shull givc .
<br /> . '� � Hurruwcr rn�iicc ut thc timc of ur priur tu t�n in.rp�rtiun sp�cifying rcttti�mtihlc causc f��r thc in�pectiun. ,
<br /> IU. Cnndcmnudon. 1'hc pracr�d, of any �iwurd �rr cluim for dumaNcy. d�rcct or runscyucntiul. in cunnection with any
<br /> �ondrmnutian or nthcr tsiking ul':iny purt uf thr Pruperty, ur fnr conveyanrc in licu i�f c��ndcmnatiun, a�c hcrchy assigned and
<br /> tihuU h�paiJ tu l.,:ndcr.
<br /> ln thccvent�ri'a total taking of thc Pruprrry. the prucecd�shull he upplicd to thc wms secured by this Security nstrument,
<br /> wh�thcr or nut thcn duc, with any ex�csti puiJ tu Horr�,wcr. In the cvent of u purtiul�aking of tlie Propcny in��•hich thc fuir �4•.s.`,.:_.
<br /> markct valuc cif the Pruperty immcdiutely befiire the tuking is eyual tu ar�;reater than thc umount of the swns secured by this
<br /> �_���u;.ti�
<br /> Scruriry Instrumcnt immcdiately hcforc thc tuking, unlcss Burrmver and l.endcr��therwisc agrce in writing,the sum+:�ccurcd by ';t;�-
<br /> ',:�.._=-
<br /> • this Security Instrument shull he redured by the umounc ��f Qie procecds multiplicd by the following fmctiun: (a1 the total __ -
<br /> anwunt u�d�c- �uni���cured immediately hel'ure the i�iking, divided by (b) thc fui� market value of the Property immediately ���y_
<br /> , , hef'orc chc iaking. Any halurn:e shull be paid tc� Aurrower. hi ehe e�•�nt of a panial taking of the l'ropeny in wl�i�h the fair �,i�x�S_
<br /> � market valuc uf the Pri�perty immcdiatcly bef'orc thc tuking is Iesti than the umount of the sums securcci immediately before the
<br /> takin�, unle�s Borrower and Le�tder citherwise agree in wricing or unlexs applicuble law othenvise provides, the procec:ds shall '�i:`��
<br /> t b �'�:s��i:'
<br /> bc applied to thc�ums sccured by thi,Srruriry Instrument whethcr nr not the sums are ihen due. =_=
<br /> If thc Property is ubundantd by Borrowcr.ur if,uftcr noticc by 1-xnder to Barrrnvcr thut the condemnor uffers to make an — _ M_
<br /> '"� award or settle a claim for damages. Borrowcr fuils to respon d to L�:n der wi t h i n 3 0 d u ys ufter the datc the noticc is given,
<br /> Lender is authoriud ro collecc and upply che procceds. ut its option,either to restarution ur repuir of the Property or to the sums �—
<br /> securcd by this Securiry lnstrument,�vhether or not thcn duc. �---
<br /> Unless i.cnder and 8urrower othcnvisc agrcc in writing, any application of prnrceds to principal shall not extend or
<br /> pos[ponc the due date of the monthly payments rcferrcd ro in paragraphs I and 2 or chan�e the amount of such payments. �.
<br /> ��.Ca�.u�:•c.":c!P.�l�s�tl;F�r�anrnnce Ry Lender Not u Waiver.Extcn�ion of the time for payment or modification
<br /> � of amortiration nf the sums secured by this Security Instrument granted by Lender to uny successor in incercai of 3orrau%�r sh:.l1
<br /> not operatc to releuse the liability of the original Borrower or Borrower's successors in interest. L.endcr shall not be requircd to
<br /> commenee proceeciings against any successor in interest or refuse to extend time for payment or otherwise modify amoRizution
<br /> � .. of the sums secured by this Security Instntment by reason of any demand made by thc original Borrower or Horrower's
<br /> successors in interest. Any forbearance by L.ender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> • exercise o(any ri�ht or remedy.
<br /> ' "' � 12.Successors und Assi�ns Bound; Jolnt nnd Several I.iability; Co-signers. The covenants and agreements of this
<br /> .�,,� 5ecurity lnstrumen[ shall bind and benefit the successors and assigns of [.ender and Borrower, subject to the provisions of
<br /> .. • paragraph l7. Borrower's covenants und u�reements shall be joint and several. Any Borrower who co-signs this Security
<br /> 1�. Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that
<br /> - •�.� �� • Borrower's interest in the Propeny undcr thc terms of this Security Instrument;(b) is nat personally obligated to pay the sums —
<br />==rti:";''� ' rt secured by this Security Instrument;and(c)agrees that Lender and any other Bortower may agree to extend, modify,fotbear or
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<br />`"-�,,�;s�,,,�._.. make any accommodations with regard to the terms of this Security Instrument or the Note without that Sorrower's consent. -
<br /> '-��;�j.„:� . 13.I.c�un Chnrges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, _
<br /> � �-�*�''�" and that law is tinally interpreted so dlat the interest or other loan charges collected or to be collected in connection with the
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<br /> '�' '••��� loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the c arge
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<br /> .,�-,,;�`.,,., '. to the permitted limit:and (b) any sums already collected from Borrower which exceeded permitted limits will be refun to —
<br /> _���;��,.�. � Borrower. L.ender may choose to make this refund by reducing the principsl owed under the Note or by making a direct
<br /> -=- ='`'-:, payment to Borcower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> .�.=: .��,.:. . prepayrncnt charge under the Note.
<br /> ,:;;;;'��;,,.,; —_
<br /> . ....,,�:•.- 14.Nottces.Any notice to Borrower provided for in this Security Instrument shall be given by dclivering it or by mailing =
<br /> ��""' ' "' ' it b �rst class mail unless applicable law requires use of another method. The notice shall be directed ro thc Property Address __
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<br /> ����"":;,�,;_,.�., � or any ather address Bottawcr designates by notice to Lcnder. Any noticc to L.ender shall Ue given by first class mail to --
<br />- • Lender's addmss stated hercin or any other address L.cndcr designates by notice to Borrowcr. Any notice provided for in this _
<br /> , Security fnstrument shall bc dcemcd ro h�ve been given to Borrower or Lender when given as provided in this paragraph. -_ ______
<br /> ;� � 15.Ge►vern(ng Lew; Severabtlity. This Sccurity Instrument shall be govemed by federal law and thc faw of the `—
<br /> ,;'� jurisdiction in which the Property is locateci. In the event that any provision or clause of this Security Instrument or the Note �
<br /> '� conflictswith applicable law, such contlict shall not affect other provisions of this Security Instrument erthe Note which can be �s_
<br /> °- given ef(ect without the contlicting provision. To tliis end the provisions of this Security Instrument and the Note are declared !_,_'„e__
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<br /> E� to be scvcrablc. __
<br /> .. 16.{3orrower's Copy.Borrower shall be�;iven one conformed copy of the Note and of this Security Ins[rument.
<br /> Porm 3028 9/90
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