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<br /> paynu�nt,may no lan�rn c�rey�ireJ. at ihc option u5 IAnder. �f mungagr m.ursncc r���•eraEe��n the amuunt acid fur the periaJ ' , , _
<br /> that l.cnder rcquirey+provideJ by an�n+urer apptc�ved by l.cnder ag•r�n t+c�omc.avuilsbl� .enJ n uMainul. Rorrowcr�hsil pay , . . ,i
<br /> the premiums rcywrul tu niaintain morigage m+uranre in cfGxt.or tu pruv�Jc a lo..r�wervr.until the reywrcmeRt for mortgage
<br /> imursnce ends in ara�rdanr�wnh an�written agreemrnt bet�veen Bim��wer anJ l.�nder ur applicahlr law• . :. -
<br />..� q, Inspectton. l.�ndcr ur in agent may makc n::w.+onable entrie+upon and in+pernun.uf the Propcny. lxnder tihull give , , ,
<br /> � Born�:ver notice at the time u(ur pn��r to ar►in�pection specifymg reason:�blc rau.e for the insp�wuun. .
<br /> — Id. Cat�ilttnaat�n. The pnx�cds��f any award or claim for damages. dircxt or ronaeyuential, in connection wi[b any - - _-- �
<br /> '� rondemnation ar other taking i�f any pan of the Propeny,or for conveyance in lieu of condemnatian, are hereby assignecl und -- --,- , -
<br /> ; shall be paid to Lender. � � • .- �.
<br /> `> [n the erent of a total taking of the Property.the proceeds shall be applied to the aums secured by this Securiry Instrument, , ;,:�
<br /> -3 whether ur not then dae, with any escc�s Qaid to Borrower. In the event of a partial taking of 1he Pso�erty in which the fair . , _:�:
<br /> market value of the Property immediately before the taking is equal to or greater than the amounc of the sums secured by this '-r����,- ;
<br /> � , .._ . ,.
<br /> � Securiry Instrument immediately before the taking.unless Borrower and Lender otherwise agree in writing,the sums secured by .f�'- . .�,`L.`�
<br /> $ this Security Instrument shall be reduced by the amount of the proceeds multiplied by Ghe following fraction: (a) the total � ,_.� :
<br /> a m o u n t o f t h e s u m s secured immediatel y before the taking,divided by (b) the fair market value of the Property imme�iately g�. J � , °
<br /> before the taitin g. Any balance shall be paid to Borrower. In the event of a partial taking o f t he P roperty in w h i c h t h e f a i r : '•�,�;�,-=-
<br /> market value of the Property immediately before the taking is tess than the amaunt of the sums secu r e d imm e dia te ly b e f o r e t h e � .*.__.—�i^_
<br /> taking, unless Borrow+er and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall �, � �
<br /> •�''�,-;,��,�.,.
<br /> ' be applied to the sums secured by this Security Instrument whether or not the sums are then due. :, �
<br /> ' ' If[he Property is abandone�by Borrower,or if,afzer notice by Lender to Borrower that We condemnor offers to make an ;;,,r,.�-
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<br /> award or settle a claim for damages, Bor�ower fails to respand to l.ender within 30 days after the date the notice is given. �. .
<br /> '„_�.:-�
<br /> - `• Lender is authorized to collcct and apply the proceeds.at iu option.either to restoration or repair of the Praperty or to the sums _ _.. _ _ . _t,,,,:__
<br /> ,��� s e c u r e d b y this Securi ty Instrument,whether or not then dae. 4`��---
<br />� ,.; Unless Lencier and Borcower otherwise agree in writing, any application of pmceeds to princip a l s h a l l not ex ten d o r :._ -��
<br /> postpone the due date of the monthly payments referre�to in paragraphs I and 2 or change the amount o f suc h paym e n t s. � ,- '
<br /> ,_'.� 11.Borrower 1Vot Reteased;Forbearance By Lendea'NoL a Waiver.Extension of the time for payment or modificadon :- J ,-,�. 's� :
<br /> � of amortization of the sums secured by this Security Instrument granted by Lender to an,y successor in interest of Borrower shall ,_".!i',.._,
<br /> �': not operate to release the liabiliry of the original Borrower or Borower's successors in interest.Lender shall not be required to ' •� :;. . ,
<br /> ,�4 commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization :;.,.
<br /> ` ,` of the sums secured by this Security Instrument by reason of any demand uarde by the origiru�l 8on'ou'er or Borrower's � t«�»��������•:=
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or prectude the -�!�,�, '8�t:.`�.;f�
<br />� ; exercise of any right or remedy. �.� :�
<br /> •� � 12. Successors and Assigns Bound; Joint and Several LfabiHty; Co-siguers. The covenants and agreemenu of this �
<br /> F Security Instrument shall bind and benef►t the successon and assigns af Lender and Borrower, subject to the provisions of , 4��;:
<br />= para g r a p h 1 7. B o r r o w e r's covenants and a greements shall be joint and several. Any Barrower who co-signs this Security �,��� _ _
<br /> ` Instrument but does not execute the Note: (a) is co-signing this Security Instrument only[o mortgage, grant and conve}+t hat ;.� _..;�
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<br /> ` Borrower's interest in[he Property under the terms of this Security[nstrument; (b)is not personally obligated to pay the sumy �
<br /> ", '{% secured by this Security Mstrumenr,and(c)ogrees that Lender and any otfier Borrower may a�ree to extend,modify.forbear or '� °
<br /> T make any accommodations with regard ro the terms uf this Security Instrument or the Note without thai Borrower's wnsent. _ _
<br /> � �; 13.Loan Cha�es. If the loan secured by this Security Instrument is subject to�law which sets maximum loan charges. __ __.�_J�_
<br /> � and that law is finally interpreted so that the interest or other loan charges collected or to be rnllected in connection with ihe �,�.� _.._
<br /> : �, loan exceed the pertnitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge — , - - _ ,
<br />; . ; to the permitted limit;and(b)any sums already collected from Borrower which exceeded penmtted limits will be refunded to - � ---
<br /> ` Boaower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct ;�'�: -°----�--=
<br /> ; payment to Bonower. If a mfund reduces principal, the reduction will be treated as a partial prepayment without any _
<br /> �:_�a. �
<br /> ;_� prepayment chazge under the Note. -�_ :_==
<br /> 14.Not[ces.Any notice to Banower provided for in this Securiry Instrument shall be given by delivering it or by mailing :�����_. __
<br />•� it by first class mail unless applicable law requires use of another mechod.The notice shall be directed to the Property Address _�:w._.
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to _ �• :
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice pravided for in this r�•
<br />� Security Inswment shall be dzxmed to have been given to Bonower or Lender when given as pravided in this paragraph. ._,�;;;:
<br /> ' 15.Governing La�w. Severability. This Security Instrument shall be governed by federfd law and the law of the _.;}.� -
<br /> jurisdiction in which the Property is located. In the event that any provision or clause af this Security Instrument or the Note �,�, �-F ,--
<br /> contlicts with applicable law. such conflict shall not affect other provisions of this Security lnstrument or the Note which can be •• ,,���T ., �'
<br /> given effect without the confticting provision. To this end the provisions of this Security instrument and the Ivote are declared ;�,.,... �
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<br /> to be severable. ��''''""'•�'""
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument. ,,,.:.,.,,�.��,.-
<br /> Form 3028 9f90 '�`.��"'"�1;':'
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