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<br /> ��°�lj�F►�� (` . , >.-
<br /> paym¢nts may no longer be required.at the option of U.nt3ei,if mortgagc insurat►cc covuage{in the amount and for thc penod i: � � �;,�.
<br /> that Lendei requires)psovided by an insurer apptoved by I.endcr again becames available and is obtained.Borrower shaU pay the �
<br /> remiums requ�ed to azaintain mortgage iasurance in effec4 or to Qrovide a loss teserve. until the reqaisement for mortgage 4� . ,.. ,—
<br /> � � p ent between Borrower and Lender or applicabla law.
<br /> 'l insurance ends in accordance wi[h any wriuen agrcem `•
<br /> 9.InspecEton. Lendes or its agent may make reasonable entries upon and inspections of the Property. Lender shall givc !�� .
<br /> Borrower notice at the time of or prior to an inspection spccifyin8 reasonable cause for the inspection. ;
<br /> 10.�ondem�tion. The procezds of any award or clai�n for�nages,direct or consequential.in connection with any ; _
<br /> condemnarioa or other ta3cing of any parc of the Property.or far conveyance in lieu of condemnarion,are hereby assigned and �
<br /> j shall be paid tn Lender.
<br /> In the event of a wtal taldng of the Property.the Froceeds shall he agplied to the sums secured by ihis Securiry Insmimen� .
<br /> `I taldng of the Property in which the fair market , . • ,�
<br /> ' wheth�or not then due.with any eacess Paid w Boreowea.In the event of a partial ,
<br /> value of the Pcoperty immediat�ly before the tal�ng is equal to or greater than the amount of ths sums sccured by this Sec�uity . , .
<br /> dn
<br /> Inswment immediateiy before the tattin8, nnlass Bonower and L.er►der otherwise agree u► writing.the sums secured by�►is .� ., -
<br /> Security TnstNment shall be reduced by the amount of the proceeds mulriplied by the following fraction:(a)the total amoant of , . . ' -
<br /> the sums secUred immediately befare the takimg,divided by (b)We fair ma�3cet value of the Pmpeaty immediately befoze the . . .
<br /> tak'
<br /> - �g.pny balance shall be paid w Borrower.In the event of a partial taking of the Propeaty ia which the fair maricet value of the t , ,_. _
<br /> Propeaty immediately befora the talong is less than the amount of the sums secured '++�+m �;A Ply before the taking. unless ; � ° •
<br /> � Borrower and I.ender oth�wise agree in writing or unless applicable law otherwise provides,tf�e proceeds shall be applied w ihe i " ,' `;.
<br /> s�ns seciued by d�is Security Insnument wkett►er or not the smms are Ehen due. � • ,•�
<br /> If The gaau�erty is ahandoned by Ba�rower,or if,after notice by I.eudea to Borrower thai the condemnor oifers to make an � • _ .,: �
<br /> . : aw�d or seu2e a ciaim for damages,Bormwer faiLs w respoad tn I.euder within 30 days aft�the date ihe notice is given,Lender ` ` •.', . �:
<br /> � _ �,-
<br /> is authorize�to collect and apply the proceeds,at its ag�on,either to restordrion or repair of the Pcoperty or to the sums secured .. . ',�
<br /> by this Sec�uity Insirument,whethes or aot then due. ; , ; .°"`_
<br /> Unt�s Lender and Bormwer otherarise agne u►v.xit�g,anY zpg�ion of proce�ds co principal shall noi extend or pastpone . .�,�:��•
<br /> • the due date of the ruonthly paymenis referred to in paragtaphs 1 a:,�Z or change the aznflunt of such paymenis. I � `':�.�t
<br /> � 11.Borrower Not Released;Forbearance By Lender No3 a waiver. Extension of the time for pa}rteeat or modificarion ! , ��• •..� .
<br /> � of amoitization of the stt�ss secured by this Sec�r►ty Instrument grannted by Lenda ro any successor in interest of Borrower shall i .!
<br /> ga �
<br /> not opcaate to retease th:,iiability of the original Borrower or Boaower's successon in interest.l.endu sha11 not be required to , . . �
<br /> . commence praceedings against any sucs�ssor in interest or refuss to exteud time far payment or oiherwise modify amortization af � ' � ,_` ,;";i, .
<br /> , ihe sums se�red by t6is Seauity Ins�:at by reason of any d�d made by the original Borrower or Borrowee's successors , ,,;.�;�� :�.:..;
<br /> in interest.L1,y forbearance by l,endes�eAercising any right er��y shall not be a waiver of or preclude the exercise of any ;.+• , � •
<br /> ; �t.'..{,
<br /> � right or remedy. '.� �,� ��
<br /> ' IZ.Succ�,so�s and�ss�gns Boand,1o3nt an�5r��ra1 Liab�1it9: Co-s�gners.'Ihe covenants and agreements of this : •�:�� ...
<br /> • Securi ty Instiument si�J bind and benefit the succassors and assigns of Lenda and Bonower, subject to the provisions of .
<br /> h 1?. Borrower's cavenants and agreements shall be joi,c�:t aud seveaal.Any Bonower wha co-sigas this Seauity '� ��� . :'
<br /> P�S�P • �;'
<br /> Inswmeat but does not eaecute the Note: (a)is co-signin8 ihis SecuritY Instrument only tn mortgage,giant and convey that . `� ,�.�^
<br /> Borrower's intere.st in tt�r Propeaty under the tcm�s of this Secarity Instruznen�(b)is not personally obligated w pay the sums . ;.
<br /> � se�ured by this Securit-L^�.suument;and(c)agrees that Lender and any other Borrow�may agree rn extead,matify,farbear or ,� .;�^`..
<br /> make any acc�mmadations with regard w the teams of this Security lnstrume�t or the Note without that Borrower's consent . ��,�,�
<br /> " 13.Loan C6arges. If the loan s�red by this Securiry Ins�s:ment is subject to a law which sets maximum loan charges, , '+�- ��
<br /> cm ��
<br /> �d��w y��y int�reted so th;..the interest or o t hea loan c h a rges co ll e c t e d o r t o b e c o ll e c t e d i n c o n n e c ti o n w i t h t h e loan
<br /> � eacxed the permitted limits,then:(a)any sach loan charge shalt be reduced by the amount necessary to reduce the charge w the
<br /> . . peimiued limit;and(b)any swms atready collected fiv�Borrower whic6 exceeded permitted timits will be refunded w Boirower. . .----- .'_
<br /> � Lender may choose tm�ake this refund by redax� Lhe psaicipal owed under ihe Note or by m�idng a direct paymcat W . , :.\ -�" -_.—
<br /> Bmrower. bf a refund redwces principal.
<br /> the redacdfln arill 6e teated as a parual PrepaYment arithout anY Pt�Y�ent charge . �� �. �
<br /> • under the N�te. '��
<br /> 14.Notdces. Aa�cotice w Bosower provided for in this Security Insmiment shall be given by delivering it or by mailing it . ,�
<br /> � by first ctass mail;�r�s applicable law requnres use of anothea method.The notice shall be directed to the ProPertY Address or , � ;.
<br /> any other address Bur_awea designates by nodce to Le�nder. My nodce to Lender shall be given by Cust clnss mail to Lender's , _�: _
<br /> address�ed herein or any ather a.�'ess 1.cnder desip,nates by nutice w Borrower. My notice provided for in this Securiry • '.
<br /> Instrame:.3 s'�aU be deemed to have�,-�given to Boaower or E�der when given a9 providcd in this paragcaph. . _
<br /> ' 15,Governing Law;Severabitity. This Security Inssri:.�er.t shatl be govemed by federal law a�sd the law of the
<br /> jutisdiction in which tne Property is lacated.In d�e event tha[any pmvisian or clause of this Security Instrument ar the Note .
<br /> �ontlicts with appliczt;te l�w.such conflict shall e�et zffea other provisions of this Security Insuument ar the Note which can be • . _
<br /> �ven effect arithout L`.e wnflicting provision.To�::�end the Frovisions of this Sccurity Insuument and ihe Nate are declared w . � • .•�
<br /> be sevetable. �
<br /> �:��:;. . .
<br /> Form 3028 9/90
<br /> �•�R�NHj(92t21.ot Papo t m e �m�au: .
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