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<br /> ' � 97�-g0�i�� ' . �
<br /> : ��.:
<br /> payments may no longer h�required, at the opdon of Leader.if mortgage 6nsurance covesege(in the amount and for the geriod i ., �
<br /> � � chat Lender nequires)Provi d e d b y a n i n surer a p proved by L.ender again becomes available and is obtained. Borrbwer shall pay . °
<br /> , . . �g p��miums req�ired to m�ntain morcgage iusurance in effect.or to provide a loss reserve.un�th;W9�meA t f o r m o rt ga ge
<br /> iusurance eads in accor d a n s e w i t h a n y w ri tt e a a g r e e m e n t between Bomawer and L�der or app� j„�n der s h a l l g i v e . . '. -�:
<br /> ons of the Property• °""
<br /> " g.��lon. l.eader or its age�t taay m�Yke reasonable eucries upon and inspxd . � �_
<br /> � Barrower notice at th�time of or prior to an ins�Ctius specifying�°°able cause for the inspection. � __
<br /> '.��. '.
<br /> 10.Con demnadoa. 'fhe proc�ds of any award or claun for damages.direct or�°ns�l��u�• 1A CO��LOn vrith aay
<br /> � condemnatioa or other taking of any part of the PropertY.ur for conveyance in lieu of candemnation. are hereb y assi$ned and . �. ,��
<br /> • ; � shall be gaid to I..ender. lied to the sums se�ured bY this Security Instrume�b • ° ;`: -
<br /> � In the event of a total taking of the Prape►tY,the Pm�d��be app� of the Property ia whicb the fair '��.:���_
<br /> whether or not ttnen due, with any exces.s paid to B orrower. In the eveni of a P than�amount of the sums secured by this - `-�
<br /> : -- market value of the PrnpertY immediately 6efon the taking is�to or greasQ �,---_ �- ,_�_-_ .- - _�-.- �
<br /> • t gecurity instrument immediately before the taking,ualess Borrower and I�ender otherwise agree in writing,the sums secured bY '' .'.. '.��
<br /> � � �S Security Insuument shaU be reduced by the amount of the proceeds mulripliefl by the following fiactian: (a)the total Nr^•,, �. ,—
<br /> divided by(b)the fair market va_:::of the Properry imm�diatetY � �• , ,,,,�� .
<br /> � • � xmount of the sums secured immediatelY L�efore the taking, in which the fair �x�"'f: � _'`�:
<br /> = h�fare the ta�ing. Any balance shall bz paid t�Bornvwer. la the eveut of a parcial taki�g of�FropertY atel before the � --..
<br /> �::�•�.-, �;����-
<br /> �•� �t v�of the Pmpe3t�i��azzly before the taking is tess than the au►au�:af t�s s�s s�ur�d im�� Y _ .-,•�s
<br /> . taking,unless Borrower and Lende�o��eu+ise agree in writing or unless applicahle law o�..,'a►vise provides,the proceeds shall :
<br /> •:.:_Yj1.,� ,
<br /> ` �``" Insmiment whether or not the swns are then due. �����
<br /> ,,." be applied to the sums secured bY this Security . �--R�%s�-:a,�,_- - ,
<br /> •, . ���pmperiy is abandoned by Borrower,or if,after notice by I.ender to Eormwer that the condemnor offe�s to make an
<br /> Bonowes fa�s to respond to I.ander within 30 days afcer the date ths aotice is given. , t_��.—
<br /> •• award or settle a claim for damages. p or to the sums � .��"
<br /> � ' Lender is anthorjzed to collxt and app1Y the Proceeds.at its o tion,either w restoradon or repair of the Property , _ _ :
<br /> Instniment.whet�er or not then due. , ,°�-= - �_,
<br /> secured by this Secusiry licarioa of praceeds to principal shall not eateud or
<br /> . ' i Unless Lender and Banower otheiarise agree IA wrlting. as►Y �pP� ��-
<br /> � postpone the due date of the monthly paymenta referred to in paragruphs 1 and 2 or chauge the amouat of such paymeatts. �___
<br /> , ll.�ort+�wer Plat Rdeased+Forbe��nc�By Lens�e�H°�o W�o�.�tension of the tlme for paymeat or modi�ication �; z'. _��� :
<br /> � ot nmortlzatton of the sums secured by this Securiry Insuument grantgd by l�ender to any successor in interest of Boreower shall _ ,
<br />� .+ `• not operate to rctease the liabiliry of the nriginal Bonower or Qorrower's successora in iaterest• L.ender shnll not be reqaired to - ';-,��_ "�
<br /> '�'� i co�tunence proceedinge egaWst ec►Y auccessor in intere¢t or retLse co extend dme for payment or otherwise modlfy atnorciztulon , - .�
<br /> m
<br /> � of thc aums secured by chia Security Instcum�nt by reason of nay demand made by the original Borrower or Borrower's •:•� '"•.r,,
<br /> � successo� in interest. Any forbearance by I+ender in eaercising any rtSht or remeGy shall not 6e a w�iver of or preclude the y;� ,�_', .,. �r
<br /> . eaErcise of aay right or remedy. eis. 'ihe oovenanu and agreements of this . '4. , � -
<br /> �:-�::. ,
<br /> � 12. Suctessors ead Asslgos Bouad Joiat and Several LlabWt3'; C0'�g° . .
<br />' � Securlry Insuument shaU bind and henefit the successors and assigns of Leuder and Borrower, subject to the pmvisions of _ , ��;. s; �,...
<br /> ara h 17. Borrower's covenants and a�eementa shall be joint aad several. Any Borrowet who co-signs this Secuiity -.�:;. _,,
<br /> p � �is Security Insuumeut only to mortgage. g�t aad ooavey that L'�: ,�:i . _ -:_
<br /> Insuumeut but does nat execute the Note:(a) is co-signing �uument; (b)is aot personally obligated to pay the sums - r.. .,. ,
<br /> .. ' B o n o w e r's i n terest in the PropertY under the terms of this Security �t o extend,m a d i f y.forbear or � �' ;
<br /> � ' secured bY this S�tY Instrument:and(a)agrees[hat Lender and aay o t her Borrow e r m a y a g r , '.:, `�
<br /> ��yr acsommodations with regard w the terms of this Securiry tnst�ment or the Note without that Borrower s consent. st
<br /> this Securiry Instrument is subject to a law which sets maximum loan chatgee, ' �•;� �'.:, �
<br /> - - 13.I.aan Ct�Bes.If the loan sxored bY � �, . • ��,.
<br /> � , and that law is fina]ly interpreted so thaa the �su�ch loan charge�shall be reduced by�the amounn ecessa�Y to reduceothe charge :� ��'t��-
<br /> toaa exceed the permitted limits.then: (a)any ^.
<br /> . . to the peras►itted limit; and(b)anY snms alreadY collected troffi Borrower which exceeded permitted limits will be refunded to ,7���. ',,.�,.__.
<br /> � r,{ .::-'-
<br /> . ': Borro nert �aa w� I�f�S ef uid�ce�s prIn��paly the��cuon pw�ill be �ueated as a partlal tPreP Ymen�thout�any —
<br /> :���.�+�—".'
<br /> Pay� -
<br />, prepayment charge ua�r the Note. ���t�be p�ven by delivering it or by mailin8 • -_
<br /> � 14.Notice�.Any notice to Borrower provid�l for in this Security �'"`
<br /> it by flist class mail unless applicable law requires use of another method.The notice shall be directed w the PropeAy Address ---_ � ,,�„�,.:.�
<br /> . or any other address Borcower designates by norice to Lender. Any norice to Lender shall be givea by tust class m�il to --_ "_ --
<br /> • � L.ender's address stated herein or any other address Lender designates by notice to Borrower. Any norice provided for in this �:�>}^��F::
<br /> . ve been ivea to Borrower or Lender when given as provided in this ParaBraPb• ��":�_�'
<br /> . , gecurity Instrument s�71 be deemed w ha g ��nt shaU be govemed by federal law aad the law of the —�T� •:,.
<br /> 15.Goveeatng 1.aw+ Seoerab�tY• T� �nty rovisIoa or clause of this Security Inswment or the Note � _ .� ���
<br /> . jiuisdiction in which the PropertY is located. In the event that any p �' •:..�_
<br /> ltcable law,such conflict sba11 not affect other provisions of this Security lnstrt�me°t or the Note aluch can be � , �,
<br /> contlicts avith app' �^•' �.� .�.. •w
<br /> ' . given effect wlthout the conflicting provisioa.To this end the provisions of this Securiry lnstniment and the Note are declazed �_.� . � .,, ,,x�� ...
<br /> -^,�;����;.�-�•_
<br /> W be severable. �•`. ,.`„ .,` ':
<br /> 16.Borcowe�s Q;opy Borrmwer shall be given one conformed wPY of¢�e Note and of this Securiry lnstrument• ���;�;
<br /> Fartn 302�8 9/90 '-°_'"`"�~"=�--ici _
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