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<br /> payments mny no lanrcr bc required,at tha c�ption of Lendr.r, if mortg�ge insurnnr.�coverage(in the amount and for the period ., „
<br /> that Lender requires)providcd by an insun:r a��coved by I.endee aIIaln becomes nvailablP and is obtained.Bonower shall pay
<br /> ;.,� the premiums required to mnintuin mortgaga insurnnce in effect,or to provide a lonn reserve,until the requirement for mort�age � .
<br /> insurnnce ends in nccordtuice with any wdnan aar�ement b�t�vEen Borrower and lander or applicable law.
<br /> � 9. lnspectton. Lender or its agent mny►nnlce reasonnble entries upon and inspectinns of the Property. I.eader shall give
<br /> Bonower notice at the time of or prlor to an.ins�eccion specifying reasonable cause for the inspection. ��•
<br /> 10. Condemnatton. Ths prceeeds of any aw�rd or claim for damages, dlrecc or wnsequential, in conneccion w:th any ,ir_ ,.
<br /> wndemnat[on or other tnking of any part of ti�e P►nperty, or for conveyance in lir.0 of condemnution,are hereby assigned and . ,.a_
<br /> shall be paid to l,ender. ��._
<br /> • In Uie event oi a tocal taking oi ttiC Fiv�rty,thc pro;r�cts shal!be 2pplie!I m thr.cnmc cr.circed hy this Security Instrumeut, .'?,_
<br /> whether or not then dua, with any exceas Fmd to Borrow�cr. in the Cvei�t of a f,artial tai:ing of the Properry in which the fair ����=
<br /> '� market valus of the Property immediatety @efore the t a kin�is equ a l to or gr e a t r.r t h a n t h e a m o u n t o f t h e s u m s s e c u r e d b y t h i s . • �,y_,._
<br /> Security Instcument i►nmediAtely before ttin talda�,unless�3orrower and Lend�er otlierwise agrce in writing,the su.ms secured by ,;.,t�Fh"r,;;--
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<br /> this Security Instnunent shall be mduced lry die amount af the proceeds multiplied by the following fraction: (a) the tutal �i�;;.-
<br /> amount of the sums secured immediateIy ttcfore the taking, divided by (b) thc fnir market value of the Property immediately .: �Y,,
<br /> ' before the taking. Any bulance shall be�uid ta Borro�vor. In the event of a pnnial taking of the Property in which the fair _..����
<br /> market value of the Property immediutaly trcfore the[aking is less than the amoiwt of the sums secured immediately before the ,;,:.;:�1��;�;-,
<br /> '�'�.�,., �- _
<br /> ' taking,unless Borrower and Lender athenvi�e agr�e iz writing or unless applicaUle law otherwise pravides, the proceeds shall l+}.:;�;;;_:_
<br /> " , be applied to the sums secured by this g�carity[nstrument�vhether or not the sums are dien due. ;::�t�•;;;; �r,
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<br /> i,7 If the Property is abandoned by�arr�wer,or if,aftar notice by Lender to Aormwer that the condemnor offers tm make an >���
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<br /> award or settle a claim for damages, Eornowcr falls to respond ro Lender witl�in 30 days after the date the notice is given, �,;q�:__:.
<br /> Lender is authorizdd w collect and a��ly 8ie proceeds,at its option, either to restnration or repair vf the Property or to the sums -- -
<br /> secured by this Security Insttum�nt,whetuer or not thcn due. �j�Iion of roceeds to rinci al shall not extead or :�--`N
<br /> . Unless Lender and Borrower ot.�envise abtee in writing, any app P P P �.;�-._��
<br /> � — postpone thc due dato of the monthly guyments referrcd to in paz�agraphs 1 and 2 or change the amount of such paymenu.
<br /> .:, :' � 11.Borrower Not Reieased;�x�kcusm►ce Ey Le�.uder Not a�'Voiver. Ex[CIISIOn o�iiic iixurc i3i paymcn;a:r.��lifi=ati�n �' _
<br /> •• of ar,tortizatian of the sums secumd by diis Securiry Instrument granted by l.endr.r to any successax�in intenst of Boaower shall ��
<br /> � � not operate co release tha liabilir,/of tiie originnl Borrowes or Borrower's succescors in interest. Lender shall ant be required to -
<br /> ;t; commence proceedings against any successor in interes[or refuse to extend time for payment or otherwise m��cli�j�a�nortiration
<br /> l of the sums secured by this Secucity 1nsUument by reasan of any deroand made by the ort inal Horrower or Borrower's —
<br />.'=��.�� � � successors in intorest. My fortteurance by Leader in exorcising any rigl►t or ram„dy ahall not be a waiver of or preclude 2h�
<br />�-� •��r exercise of any right or remed�r. ��
<br />=' 1Z. Successors and As�i�n E�uiid; Joint and Smet�l Llabllity; Co�igaers. The covenants and agreemenu of this
<br />*`' � Securlty Instrument shall bind and l�enefit the successors and assigns of L.ender and Bonower, subJest to the provislons of �.:_
<br /> - .�.�; . paragraph 17. Boirower's ec�vennnts and agreements shall be joint and sevornl. My Borrower who co-signs this Securlty A:
<br /> s.': � Instrument but does not execut�tl�e Note: (a) is co-signing this Security Instnimcnt only to mongage. grant aad convey that �•
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<br /> , :• ���� Borrower's interest in the Pro�erty undcr thc terms of this Security Instrument:(b)is not persanally obligated to pay the swns r-
<br />--'',•�"� • �t`" ' secured by this Securiry Instrumenr and(c)agrees that Lender and any other Borrower may agree to eatend,modify,forbear or ��.:
<br />�j'�- `�`. . `• make any accammodattons with reBnnd to thc terms of chis Securiry fnstrument ar thc Note without that Bonower's wnsent. �;�;.---
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<br />��t�� • 13.Loan Charges. If'tliu loa�i secured by this Security Instrument ls suUject to a law whicb sets mexianun loan chazges, ��•�__
<br />":��,ja�.�4c�;:�, ; and that la�v is fin�lly tnta�►neted so that the interest or other loan charges collected or to Ue collected in connecti4n with tt�z
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<br /> '��_�`��N�� '� loan excxed che pennitted�imits,tlien:(a) any such loan chazge shall be reduced by the amoiu�t necessary to raduce the char�z
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<br /> to the permitted limit;and (b�any sums already collected from Borrower w}i{ch excee�le@ penmitted limits will be rzfunded to �. __
<br />�����- � Borrower. Lendor may sttaose to make this refund by reducing the principr� owed under the Note or by making a direct �,�"_-
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<br /> '-"�'"'��""''�`�' payment to Borrower. YG a �fund nduces principal, the reduction will Ue trEated as a partial prepayment wtWout any _
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<br />— ;.�.y.;,..: prepayment ch�rge under diQ Nace.
<br /> - �••,r.,•'.•� 14.Notices. Any nc�tice tm Borro�vea provided for in this Security Instrument shall be given by delivering it or by mailing
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<br />=;`.�, , , it by first class muil unluss applicabl�la�v mquires use of another method. Ttte noticc shali be�lirected to the Pruperty Address _
<br /> ' '••: . or any other address flar,mwer dcsignates by notice to I.ender. Any notice to i,ender shall be given by first class ianail to _
<br />-. Lender's addc�ess stated h�rein or any oth�r address Lender dcsignates by notice to Bonower. Any notice provided for in this -- __
<br /> � �;+'�'; Securiry Instcumtnt shalf be d��mcd to l�ave been given to Bonower or Lcnder when given as provided in this paragraph. - __-
<br /> ���.,.��Z 15.Governing Law; Savernbiiity. This Security Instrument shall be governed by fed�tal law and the law of the ��-��
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<br /> �, • ,�;,;;;` jurisdiction in which thi► i��perty is located. In the event that any provisi�n or clause of this Security Instrument or the Note
<br /> �'�'�' conflicts�vith applicablu luw, such contllct shall not afl`ect other provisions of this 5ecuriry Instrument or the Note which can be �;:
<br /> •"'� given effect without tha c�nfliccing provision. To this end the provisions of tliis Securiry Instrument and the Note aze declared • ,:��._
<br /> ,; ;,
<br /> ����: to be severable.
<br /> _' 16.Borrower's Capy.l3orrower shall be given one conformed copy of the Note and of this Security Instrument. , • .
<br /> �- Form 3028 9/9�!
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