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<br /> � �C, ` -� .:. - � .� � � . ' ' , _ ' • � . . � : �( '- - . � . .. � _ .... E�;,' � � +�.a
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<br /> . . . _ . . - \ " - ' i. . , " � . :•�_.-.
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<br /> ��-°- ���,��� � . �: �=
<br /> , paymenu may no longer be required,at the option of L.ender,if mortgage insurance coverage lin e amaun an or penod , . "
<br /> ihai Lender requires)provided by an insurer approved by Lendcr again becomes available and�.obtained. Borrower shall pay • . ` °A*y'•
<br /> the premiums required to maintain mortgage insurance in effect,or to provic�e a loss reserve,until the requirement for mortgage �" ' a. �`,
<br /> insurance ends in accordance with any written agreement between Borrower and Lender or applicable iaw. . , `�, �.
<br /> 9. Iaspect[on. L.ender or iu agent may make reasonable entries upon and inspections of the Property. Lender shall give • , .
<br /> = Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. , �
<br />--— i0. Caudemnation. T'he proceeds of any award or claim for damages, d'erect or consequential. in :onnertion with any .• _'.r •� _ _
<br /> condemnation or other taking of any pan of the Property. or for conveyance in lieu of condemnation, are hereby assigned and l ,�� �
<br /> � shall be paid to Lender. :��': `�`� :s��-
<br /> In thc event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Insttument, t , _ . .—,
<br /> • whether or not then due. with any excess paid to Borrower. In the event of a partial taking of the Property in which ttte fair - ,..
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this '�>";:`'�°'�� ?`
<br /> Security Instrument immediately before the taking.unless Borrower and Lender otherwise agree in writing,the sums secured by . , __;'r��,.�..�1
<br /> � this Security Instrument shall be reduced by the amount of tt�e procx�ds multiplied by the following fraction: (a) the total -.•-.. .•__ _
<br /> . amount of the sums secured immediately beforc the taking,divided by (b)the fair market value of the Property immediately , • �-���-•-.
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial takinS of the Property in which the fair _ -_�_�"
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately het��r.the .
<br /> taking,unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall � `�:�;�:�
<br /> ; be applied to the sums secured by this Security[nstrument whether or not the sums are then due. _ • ���' `t—`'� ��`-
<br /> If the Property is abandoned by Borrower.or if,after notice by Lender to Borrower that the condemnor offers to make an ' x ,�,z��
<br /> , award or settle a claim for damages. Boaower fails to respond to Lender within 30 days after the date the notice is given, C
<br /> :" ;r 'AS�Y__JaY..�.i
<br /> •� Lender is authorized to collect and apply the proceeds.at its option.either to r�storation or repair of the Property or to the sums ��_�:�. _ _ •
<br /> secured by this Security Instrument,whether or not then due. ;
<br /> ':�' :�
<br /> Unless Lender and Borrower othenvise agree in writing, any a�pliption of proceeds co principal shall not extend or _:.�
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. :. :�
<br /> 11.Borrower Not Released;Forbearance By Lender Nat a i+Vaivec.Extension of the time for payment or modification ''�� —
<br /> of amorti�ztion of the sums secured by this Security Instrument granted by Lender t�any successor in interest of Borrower shall •
<br /> ., .��: ' .
<br /> , .,.-. .
<br /> not operate to release the liability of the orisinal Borrower or Borrower's successors in interest. Lender shall not be required to � ��;�.
<br /> � commence proceedings against any successor in interest or refuse to extend Gme for payment ar otherwise modify amotti7ation ::,� �' !h;�`
<br /> of the sums secured by this Secwity Instrument by reason of any demand made by the original Borrower or Borrower's ,� Y
<br /> successors in interest. Any forbearance by L.ender in exercising any right or remedy shall noc be a waiver of or preclude the '� � �
<br /> 'v;�':,:..
<br /> . exercise of any right or remedy. ,��� ' y
<br /> ��+'.
<br /> ; 12. Saccesso�s and Assigns Baund; Joint and Several Liability; Co-slgners. The covenants and agreements of this ,� ;;� 1:,
<br /> � Security Insuument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of ;:�. .. ___
<br /> . paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security - - �j�.,.•;'�:
<br /> Instrument but does not execute the Note: (a)is co-signing this Security lnsuument only to mortgage, grant and wnvey that . '<� _
<br /> , .��._,-.--
<br /> Borrower's interest in the Property under the terms of this Securiry Instrument; (b)is not personally obligated to pay the sums _ � ; '
<br /> � secured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to eatend.modify,forbear or � �•--•
<br /> ' make any accommodations with regard to the tertns of this Security Inswment or the Note without that Borrower's consent. . .��:
<br /> 13.Loan C6arges.If the loan secured by this Security Instrument is subject to a law which sets mxximum loan charges. � .
<br /> and that law is finally interpreted so that the interest or other loan eharges collected or to be collected in eonnection with the �"� -- �„�--:--:
<br /> ` loan exceed the pertnitted limits.then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge �°ti,;:;��
<br /> to the permitced limit:und (b)any sums already collected from Borrower which exceeded pemutted limits will be refunded to � +�e• :
<br />.. �� Borrower. Lender may choose to make this refund by redacing the principal owed under the Note or by making a direct ��_'�,�..�._.__�•-� ��. �
<br /> . payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any �, � �.:
<br /> � prepayment chazge under the Note. r �
<br /> � ` '-��.::,..._:�
<br /> — - !4.No�rac, Any nntice tn Rorrower Provided for in thic Security Instrument shall be given by delivering it or by mailing �''�' ""`_� _
<br /> it by first class mail unless applicable!aw requires use of another method.The notice shall be directed to the Property Address L-- ''- _s�
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by ftrst class mail to � +---� •
<br /> ' Lender's address stated herein ur any other address Lender designates by notice to Borrower. Any notice yrovided for in this _ ..'��_��
<br /> ...,�.:_,...:;�_ •.
<br /> Security instrument shall be deemcd to have been given to Borrower or Lender when given as provided in this paragraph. . � : ,�.
<br /> ,��-.;•.��• rn
<br /> 15.Governing Law: Severability. This Security lnstrument shall be governed by federal law and the law of the , ._�'�'*� �'
<br /> jurisdiction in which the Property is lacated. ln the event that any provision or clause of this Security instrument or the Note . _ ,_.., �
<br />. conflicts with applicable law,such wnflict shall not affect other provisions of this Security instrument or the Note which can be `�'` ' '`�� �-•
<br /> •'.--��.rn.,-�-,t�iw,;,•. .
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared --�°-+��_ ,
<br /> ° �r.
<br />;�� to be severable. �X�'��'�"". .
<br /> . 16.Borrower's Copy.Borrower tihall be given one conformed copy of the Note and of this Security Instrument. • .
<br /> �. It.�. .:.
<br /> Form 3028 9/90 : '
<br /> Pe90 4 ot 6 --.
<br /> �. � � ��,�
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