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<br /> ' . ' PaYments may w[onger be req�ired,at the aption of Lender.if mmtgage m.su�ce caverage Cm the amflunt and for tbe peaiod � . ' '•, ..,
<br /> • ' •� that Lender requires)provided by an�approved by l.eader agaia becames avaitab2e aud is obtaiaed.Baaower shall paY d►e � •.. .� �.
<br /> ' i preiniums required w maintaui mangagc issurance in effea.or to provide a Wss�esen�e.una'1 the re�nenc for mo:tg�e . . . � ' �
<br />, . _..., �suiance ends in aocordaacc with any writt�n agree+ner�t betweea Haaowed and LeAdci ar applic�ble law. � r�' . �` ,
<br /> ..___.y:.� 9.Iaspestton. l,cudex or its age�t map�aake reasonable entries upon and iaspestions of the Fiope,ct�+.Lendca shaII give � �` . ._ , �.
<br /> � --- - -�,� Baaawer aotice az the wne of or prior tn an insgeetion specifyafg�ble c�fos the�nn. -.---- : -
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<br /> �4 r 10.Candemnattoa. 1he pmcx�eds of any awaN or ctaim for damages.d'aect or consequentral. in connectioa wrth a�y � � . ..,,`-._;
<br /> , . oondetnnatian ar athea taking of any part of the I�npercy.or for caavzya�►ce in lieu of condc�nation.are heneby assignal and � � . :
<br /> . . � : sLall he paid W I.endsr. ,.:• . ' ``�
<br /> ' � � . . Tn the eveni of a total�king of the Pmpaty.the prooeeds shall Ae applied to the sams sectimed by this Se�aairy Insuume�ns. _, .�. .
<br /> " ` whedies or not then due,with any excesg paid ts Borrower.In the eveat of a partiat taking of ehe Propeny ia w1ucl�the fanr market "�,"�
<br /> � • value of die Pmperry�nediately be�f'are the takIng is equal ta or�r tt�an the amouat of the sums secured 6y this Security .,..s` `'; : ,,;�-�.
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<br /> ' � ' Instrument mimediatelg before the tak�g,unIess Bonower and Lendea othcawise agcee in writing,the sums seaued by this �r� .
<br /> , �. � Se�arity Instrmneat shall be reduced by the amount of the pmce�ds mnitiplied by the followiag f�aCtion:(a)th�Wtal amouat of , •. _�:.`�-'�.:
<br /> " , the sums secured immediatety befare the taking,divided by N)t�faa mazket value of the Psoperty immediateiy befare the ` - : '' -_---
<br /> . �•�;�:...
<br /> takmg.Any balaace shall be paid to Barmwes.In the event of a pardal taking of the pioperty in whicb the fa�m2rite,t value of the :. ;.. `.;
<br /> � `� propeaty immediatety before the takiag is Iess 9han the amount of the sums s� irnmodiately before the taidag, �mIess . �t; �_`
<br /> . Bormwer and Leadea mhe�ise agcee in writing or anless appiicable law othetwise provides,Ihe ptoceeds shall be applied ro the � `--_—
<br /> . � sams secured by this Seciaity Instrum�tt wbahea ar not the sums ecc then due. ��'�s=_-
<br /> If the Ptopeny is a6endoned by Bauower,or i�aft�nodce by Leader w Bormwei t6at the coademnor offels to make an �� � .;�,�
<br /> . E �,;,? awaN or settle a claim for damages,Barmwer fa�s to respoad w Le,ndet wittia 30 days aft�the date the nati�e is givea�.l+eudee �`�;.L..''�. �—°'
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<br /> ": is sutltomed to collest and app2y the pmceeds.at its option.eithea tn rc.gtoration or repaa of the Ropeaty ar ro the snms secused • , . �'=
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<br /> ' • , lsy this Sepnriry�nom�men{,whethea os not iheu due. ... ,• , `2~'.::'•,�.
<br /> Unles4 I.�der and Boaowei o�herwise agree in writiu�g,anY ePPltcation of prnceeds co princigal shall not extend or posq�one . ::._�;�;'
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<br /> . the due d�e of the monttily payments ret'erred to in para8rapt�s 1 and 2 or d�ange the amam►t of such paynneats. 7.�-- -
<br /> � 1L Borrawer Not Released;For6earance By Lender Not a�Vatver. Extensioa of the wne for payment or modification . . . .�:;�'�
<br /> • of amoitization of the sums secared by this Secauity Iastrum�t by L,ender to�ry successor in interest of Bomower sha11 , - �'-,�„�_.
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<br /> • not op�ate w release the liability of thc original Botmwca or Bormwer's successors m inteaest Leuder shall not be r�qnired tn �*_
<br /> - �• cammence gmceedings aBaiast any successor in int�eaaest or�efuse to�uud time for paymeut or otherwise modify amo�on of �: •.�±�
<br /> , � � � the sums se�ed by this Se�aity Insaument by reasan of any demand made by the original Bmmwed or Bomuwea's successors � � '�;_m--.:-
<br /> ' � ' " � in inteaest.Any forbeazance by Lendea in excacis�g any right os remedy shaII not be a waiver of or precIude the exeicise of any ; r�?�:'�=_':
<br /> � ���.
<br /> ; ' tightarteraedY• . . ;�°.,-
<br /> �.`. 12.Saocegors aud Assi�s Boand;Joint and Sevcrai Liability;Co3lgnera The cavenants aad agreemenis of this . . „�r.'-��:-
<br /> . � ' ' � '�, Secnrit�r L�stiument sLall bind �d benefit the succ�sors and assigas of Lender and Bormwca.sobject to tbe provisions of . _--
<br /> • i ,. . _."�-:,'
<br /> , . . � patag�h 17. Bmmwer's covenants and ag�eemea�m sha11 be joint and several. Any Boirower who co-sigas this Sec.urity • .. � ,,.;��_s
<br /> Insuument but does not eaecute the Nore:(a)is co-signing tLis Secwity Instnttaent only w rrcortgage,S�►i and canvey that _ . :.....,,r-
<br /> :. '� Baimwer's i�terest in the Propaty undea the teans of this Sewrity Instrumenx(b)is not pasonally oblig�ted tn pay the swns � . �-�
<br /> secored by this Seswity Insummeax and(c)agree.v that Lend�and any othea Bormw�caay agree to extead,modity,forbear or
<br /> � , . ' make aay accommodations with regard to the terms of this Sacurity Instr�ment or the Note without thai Borrower's cunsent � , . . - �
<br /> , � � 13.Loan Chargea If the 2oan seatred by this Seq�rltY Instrumeat is subjeCt W a 1aw which sets ataximum Zoan charges. • T
<br /> . � � and that taw is flnally inuapreted so that the�terest ar ou'�ea Ioan chs;gcs coltected ur to b:.couected ia eonnecaon�rith the loan - '_�
<br /> � exceed the pemiucA limits.then.(a)any such Ioan c�arge st�?i be reduced by the mnount necessaryr w ceduce the charge to the � - � ---
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<br /> . � � p�ed limix and(b)anY sums aheady collected from Boirawer which exceeded permiued lunits wiIl be tefunded to Botrowe,r. . .�
<br /> ' �.� I.enda may choose to make this refund by reducing the principal owed imder the Note or by making a dir�t yayment w . . . . .
<br /> . � Bormwar. If a refamd redaces principal,the r�uction will be trea�d as a Partial prepaYment without anY PleyaYment charge , ;,:
<br /> � under the Note. � . ...
<br /> � 14.Piotices. My nodce w Botmwer provtded for in this Seauity Insuument stmll be given by delivering it or by mailing il ,
<br /> by first ctass mail unless applicabt:law requires nse of anmher method.'Itie nodce shaU be directed to the Propeny Address or . •� ,� . . ,
<br /> � any other address Boaowea designates by nodce to Lender.My notice to I.ender shall be given by t"ust class mail w Lender's � . .
<br />" • . addces4 stated heream or any other address Le�der designates by notice w Borrower.Any aotice pmvided for in this Secwity .' ' '
<br /> : ;. Instrument shall�c decmed to havc been glven co Bonower or L,ender when given as provided in this paragraph. '
<br /> lS.Goveruing Law;SeveraDittty. This Security Instrument shall be goveaned by federal taw and the law of the . .
<br /> . . jurisdiction in which the pmperty is tocated. In the evcnt that any provision or clause of this 5ecurity Inswmcnt or the Note i ` . -
<br /> • conflicis with applicable law,such conflict shaU noi affect other yrovisions of this Secarity Inswment or the Notc which can be � �
<br /> � given eifect without the conflicting provision.'fo this end the provisions of this Security Instrument and the Note are declared to .. �
<br /> be severabte.
<br /> � Foven 802ii 9l90 ' �
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