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<br /> . .; �7�102�2'7
<br /> � • payments may no longer he requircd,at Uie option of Letts.�lc~r, it'mnngugc insurance c��verabc(in the amount and for the period
<br />`' ��' �, thut I.endcr requires)providal by nn insurcr approved by Lcnder i+�ain become:+uvailable and is obt:.iined. Borrow�er shull p�y
<br /> �' thc prcmiums mquired tn maintnin moi4giiec inc���•ance in effne;, or to providc n loss rescrvc. unti I ihc rcquirement for monga�e
<br />��Z� Y ensurnnce cnds in�ccord��ce with nny writtcn a�reement brtu•�ven Borro�vcr And l.ender or npplic:.ible law.
<br /> �;��.
<br />-���'y" 9. inspection. l.cnder or its ngent muy muke re:asons6l» cntrics upon nnd inspections of thc Property, L.cndcr shall grve
<br /> Bonowcr naticc at the timc of or priar to aii inspc�ction sptxifyinII rcusannblc cu�se for thc inspcction.
<br /> ,��-�� !0. Condemnatton. The proce.e.cfs of uny award or ckiim for dama�es, direct or cansequemia!l,in connection �vith w�y
<br />- ,, ::y§� condemnation or other taking of any part of tLe Property. or for conveyunce in lieu of rnndemna�iore,are hereby assigned and
<br /> �'` shaU be paid to L.ender. -
<br /> •�`�"`' In the event of a total taking of the Propr,rty,thE pmcc�ds shall be appliect to the sums securedby ihis Security Instrument,
<br /> Y'-��}�;A' ` whether or not then due, with any excess paid to Bnrrowec In the event of a partial taking of the F'roperty in which the fair
<br /> •��t��� ' market value of ihe Property immcdi�►tely br:fore the t�king is equal to or greater than the amoum o€the sums secured by this
<br />`?�'•'.z`:i:t,��
<br /> ,_;;�,:� Security Inscn�ment immediately beforc the taking,unless Borrv�vcr anJ Lcnder othenvise agree inwritin�.the sums secured by
<br /> '""=— this Securiry Instrument shall be reduced by the amnunt of the proceecis multiplied by the following fraction: (a) the total
<br /> ��'' � amount of the sums secured immedintely br.fore th�t�king,divided by (b) the fair markee value oF the Ptoper�y immediately
<br />''=n before thc[at�:ing. Any batunee sh,dl be p�id to Borrowwi. ►n the evcnt nf a partial taking of the Pro�rty in which the fair
<br /> �'3��� market value of the Property inimediately beforc the tflking is �ca,than th,. amount �f t e sum, :ecured immcdiately beforc the
<br /> -;:;�� taking, unless Dorrower and Lender athonvise agree in��•riting or unless applicable law ot�envise provides,the procceds shall
<br />' .' °_=s�- = be applied ro the sums sccured by this Suueiry Instn►mYnt whether or not tlic sums are then due.
<br /> :,:-.-�—° If the Properry is�bandoned by Barro�ver, or if, aflcr notice by Lender to Borrower that therondemnor offers to make an
<br />-'-���`a award or seule a daim for damagcs, Surrower fiiils to respon� to Lendcr within 30 days after ihe dae�: the notice is given,
<br />-Y��� L.ender is authorized to collect and apply the proaxds, at itn opiion, either to restoration or repai r of t�e Property or to th�sums
<br />_�-.,;u,�
<br />_:;::�,���� secum,d by this Security Instrument,wh�:ther or not dte�due,
<br /> __-�'-�;,�� Unless �.ender und Borrower othcrwise agrcc in a��iting, any application of pra:�ds to principal shall not exa�nd or
<br /> - ==<-�.�
<br />-.,-��—��,-��� postpone the due date of the monthly pnyments refemed to in paragraphs I and 2 or change the arnount of such payments.
<br /> _�-_jQ:r_�,� 11. Dorrower Not Reteased;ForUea��nc¢�bg,Lender Not A Waiver. Excension of the tirne for payment or modificauon
<br /> OI L1IitOit17.8liUn ui ti�c auiii5 5ci.iiCc��y i�'.:;.�,:.:.u.i.��jiiS:its'iiltiii bi:iitt'L..'r�f�.°•l:�;':�3.^•)5l===n�cnr ifs��rPrPCr nf Aorrower shall
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<br /> �=--a:��-a not opzrr�te to rclease thc liability of the original Horrowc�r or Borrower's successors in inteirst. lender shall not be rec�uired to
<br /> �,'�'� commence procecdings against any successor in interest ar refuse to extend time for payment or dhenvise modify amortizadon
<br /> _—_� of the sums securcd by this Security Instrumzn7 by rca�on of any demand made by the original BorrowEr or Bon•ower's
<br /> --- - successors in interest. Any forbearanee by l.en�ier in exercising any right ar rrmedy shall not be a wflnver of or preclude the
<br /> exercise of any right or remecly.
<br /> --- 12. Successors a�td Assigns Bcsund; Joint and Several Liubility; Casigners. The covcnants and agreements of this
<br /> -- Security Instrument shall bind and bencfit tlie suocessarw and ussigns af [.ender and Borrower,subject to the provisions of
<br /> paragraph 17. Borrower's covenunts iind agreement, S�iAll be joint and several. Any Barrower who co-si�ns this Seturity
<br /> Instniment but does not execute the Note: (a) is co-signing this;ecuri�y Instrument only to rnortgage, grant and convey thnt
<br /> Borro�ver's interest in the Property under the tenns of diis Security lnstrument; (b)is not personally obligated to pay the sums
<br /> secured by this 5ecurity Instrument;and(c)ugrees tt�at I.ender nnd:�y other Borrower may agree to extend,modify, forbear or
<br /> make any accammodations with rcgnrd tn the tenns of tttis Security Instrument or the Note withou�thatBorrower's consent.
<br /> 13. Loan Charges. If the loan securcd by this Sctiuriry Instrument is subject to a lac��which s�ts maximum loan charges,
<br /> ,._�--_���� ;utd lhut 1aw is�r,a11y inttrpretcd so il�at thr in�ere�:t �r other loan charges a�llec[ed or to be collected in cannection with tha _
<br /> loan exceed the permitted limits, then: (a)any such In�n chnr�e shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted li�uit;and (b) any sumt,atrcady coll�ted from Borrower which excecded permined limits wiU be refunded to
<br /> Aono��rer. L.ender may choose to ma};c this refund by mducing the principal owed under tt�e[�Iote or by mak;ng �a direct
<br /> payment to Borrower. lf a refund red�ces prinripxl, die s�eduction will br. treated as a panial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.Notitrs.Any noticc to Borrower provided for in this Security instrument shall ba givenby deliverin�it or by mai�ins
<br /> � � it by first cta.ss mail unlcss applicable la:v roquires use of another method. The notice sltall be dircczed to the Properry Address
<br /> _._..�:�"� or any other address Bonovier d:si�nates by notice to Le►esler. Any noticc to Lender shall be given by f irst class mail to
<br /> =---=- Lender's address stated herein or nny otlier address Lender c�esi�nates by notice to Borrower. Any notice provided for in this
<br /> ___--_'�= 5ccurity Instniment shnll bc deetncd to htrvc bcea�iven to Borrowcr or Lender when givcn as provided in this puragraph.
<br /> - - - - IS.Govcrning D.aev; Sevcrabllity. 'Phis SYrurity ]nserument shal{ be govcrned by federal law anu the law of the
<br />� • °'""�� jurisdiction in which the Property is located. In the evrmt ihat any provision or clause of this Sauriry Instrument or the Note
<br /> -•::;�"�:�,
<br />-'iv"���;;;� ., conflicts with applicable luw,such conflict shall not ciffr.ct othPr prcvisions of this Security Instrumentor the Note whec4�can be
<br /> -="'-_{''�`�•':�;; given e�'fat without the conflicdng provision. Tu this end the provisions of this Security Instrument and the Note ar€declared
<br /> � "��`'�`' to be sevcmblc.
<br /> _`=����• 16.Rorrower's Copy.Borrower shull be gi��,.��one conformed copy of the Note and ofthisSc>curitJ]nstrument.
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<br /> Form 9028 9I90
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