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<br /> ` puymcnts muy nu longcr bc rcquired,ut thc option of L.cndcr, if nu�rtg gc n,urancc covcrage(in thc amount and for the period
<br /> that l.endcr rcquires) provided by nn insurcr appraved Uy isnJcr nguin becometi uvailable und is c�btuined. Borrowcr shall pay , .
<br /> ,; the premiums rcquired tu maintuin mortgagc insurance in cffrct,c�r u�providc a loss rescrve,until the rcquirement for mongage
<br /> 'SS insuranee ends in uccordunce with any written ugreement betwcen Borrower and I.ender or applicable law.
<br /> �;,,,�f' 9. Inspectton. Lcndcr or its agent muy make rcasonablc entrics upon and inspcctions of the Property. I.ender shall give
<br /> �,,,....� Borrower notice ut the time of or prior to un inspection speeifying reasonable cdusc for the inspection.
<br /> 10. Condemnation. The prcxeeds af any uward or claim for damages, direct or consequential, in connection with any .
<br /> �� condemnation or other taking of any pan af the Property, or for conveyance in lieu of condemnation, are hereby assigned and
<br /> �; shall bc paid to Lc:nder. __
<br /> In the�vent of a tatal taking of the Property,the proceeds shall be applied to the sums secured by this Security Instrument, ,
<br /> whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in which the�'�ir ^�
<br /> �' marlcct value of the Property immediately before the taking is equal to or greater than the umount of the sums secured by this 1..;,.��;
<br /> , '"j� Security Instrument immediately before the taking,unless Borrower and Lender othenvise ngree in writing,the sums secured by , _,
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<br /> �' this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a1 the total �.
<br /> ��` �'�, amount of the sums secured immediately hefore the taking, divided by(b) the fair mlrket value of the Property immediately .,�,.,.�:
<br /> . � before the taking. Any balance shall be paid to Borrower, In the event of a partial taking of the Property in wlhich the fair •,Y.___-
<br /> `•�;.�, �'�' �� market valuc of the Property immediately before the taking is less than the amount of the sums secured immediately before the _-
<br /> "' taking,unless Borrower and L.cnder otherwise ugree in writing or unless applicable law otherwise provides, the proceeds shall =''
<br /> be applied to the sums secured by this Securiry Instrument whether or not the sums are then due. �;�"°
<br /> If the Propeny is abandoned by Borrowcr, or if, after noticc by Lender to Borrower thut thc candcmnor offcrs to make an L
<br /> award or settle a cluim for damagcs, Borrowcr fuils to respond to Lcndcr with'sn 30 day+ ufter thc dute the noticc is givcn. �
<br /> l.endcr is authori•r.ed to collect and npply the prucecds,ut its option,either to restoration or rep.iir of the Property or to the swns �:•
<br /> �', secured by this Security Instrument,whethcr or not then due. ���
<br /> • Unles4 Lender und Hurrower othenvise ugrec in writing. uny upplirution of prncccdti ta principnl shull ni�t extcnd or � -
<br />�_ " � ° postpone the due dutc of thc monthly paymentti rcfcrrcd to in pnrngraphs I und 2 or chungc thc umoun�i�f such pnynunts.
<br /> " ' 11. Dormwcr I���t l�cicuscd;F�►rbearuncc By IAndcr Not a Woiver.Extcnsion of the timc for piiyment nr mncliPicution
<br /> °'"��'�'`° , of umoniuttion af th�sun�s sccurcd by tnis�ccuriry tnsuua�eni b�u+�i�by i.�.rdcr ic:;::,:u:�c�s^s�n i!�!�rc�! �,f H•�rrowcr shull
<br /> f'`''' ';' � not operutc to releasc the liabiliry of the original Borrowcr or Borrower's successon in interest. l.cnder shull not he requlred to
<br /> ^.',;;4::,,_� commence proceedings against any successor in interest or refuse to extend time for payment or otherwise mcxlify umnrtizution
<br />'° -`u��•�s•r� of the sums secureci by this Security {nstrumcnt by rcason ot'any demand made by thc originul Borrower or Borrower's
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<br />� :"`R-•��r« successors in interest. Any forbearance by Lender in exercising uny right or remedy shall not be a wuiver of or preclude t e
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<br />=�;-•=„�,r.�., exercise of any right or remedy.
<br /> y�° yy����� 12. Suceessors nnd Assigns Bound;Joint and Several Ltabllity; Co-slgners. The covenants and agreements of thts
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<br />-,=e;•_�_,.'� Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> :'-.�,N-�.�,.� paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> _. .�..,-:
<br /> -��,•L,ri,�� Instrument but does not execute the Note: (a) is co-signing this Securiry [nstrument only to mortgage, grant and convey t at
<br />°-�_,�"�"•=?� Borrower's interest in the Property under the terms of chis Security Instrument; (b)is not personally obligated to pay the sums
<br /> -°-°° secured by tl»s Security Instrumenr and(c)agrees that Lender and any other Bonower may agree to extend, modify,forbear or
<br /> -�-"'��'�'� make any accommodations with regard ta the terms of this Securiry Instrument or the Note without that Bonower's consent,
<br />"`�``� 13. Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
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<br /> __°�_��cti and that law is finally interpreted so that the interest or other loan charges collected or ro be collected in connection with t e
<br /> --°'�°'� loan excceci the permitted limits,then: (u)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> �y'��'`c� to the permitted limit:and(b) any sums already collected from Borrower which exceeded permitted limits will be refundetl to
<br />�`-'�'� Bonower. Lender may choose to make this refund by reducing the principl! ou�ed under the Nute or Uy makiug a direct __
<br /> "'�-�'��-�� payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> -�""� prepayment charge under the Note. =—
<br />'�r'�"~°`�=-��� 14.Notices.An notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
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<br /> "��:;�:� it by first class mail unless applicable law requires use of another methad.The notice shall be directed to the Property Address
<br />-=_:�.b�.� F or any other uddress Borra�ver designates by notice to Lender, Any notice to Lender shall be given by first class mail to _
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<br /> • � � � Lcnder's address stated her:in or any other address I.ender designates by notice to Borrower. Any notice provided for in this _
<br />= y..Y:,`•J ' Security Instrument shall be deemed to havc been given to Borrower or L.endcr when given as provided in this paragraph. _
<br />_� .. �' '-�' ' 15.Governing LAw; Severability. This Security Instrument shall be �overned by fcdcral law und thc law of thc =
<br /> � � � •� jurisdiction in which the Propeny is located. In the event that any provision or clause of this Security Instrument or the Note `�
<br />_ conflicts with applicable law, sueh conflict shall not affect other provisions of this Seeurity Instrument or the Note which cun be
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declarecl
<br /> � to be sevcrablc.
<br /> � � �., �i; 16.Borrower's Copy.Bonower shall be given one conformed copy of the Note und of this Sacvr+ry Instrument. -
<br /> - Form 3020 9l90
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