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<br /> paymenta may no longer be rcquircQ,at the option of 1Rnder,iP mortgagc insurance wveruge(in the amount and far tha pertod �,�,_:
<br /> chnt L.cnQer requlres) providal by an insurer npproved by I.cnder ngeln becomss nvailnble ond is obtsined, Rortowcr shnll p�y
<br /> the premium�required to matntnim m�rtBage tnsurance in efiect.or to provide n loss reserve,until the requirement for ruort�age
<br /> insurance ends in accordsnce with any wrttten ngreeinent lictwcen Bonawer and Lender ar applicuble Inw.
<br /> 9. ��pettlo�t, i.�nd�r or ita ngent may make reasvnabt� cutrie9 u{wn a���in5pections of the Prapercy. Lenalcr suall gtve
<br /> Burrower notice at the tamo of or pdar to an inspection specffying rcasonable cnuse far the inspcctiof�.
<br /> 10. CondemnAtlon. The proceeds of any award or clalm for damages� direct oe caascqnentiul, in coruieation with any
<br /> " candemrtation ar�rther tnking of any part oF the Property, or for conveyance in lieu of candemnatlon,nre hereby nssi�ne,d nnd '
<br /> ' • -�x' shall be psdd to Lender. �
<br /> -�• In the event of a total taklnE of the Propert,y,the proceeds shall be applied to die sums secured by this Security[nstrum.nt, ri:
<br /> •�� whcWcr or not then duc,wlth any eacess paid to Borrower. In thc event of a partla]taking af thc Property in which the fair �_
<br /> mukct valuc of the Property immediintely before thc taking is equul to or greater than the amount of the sum9 secured by this `
<br /> Securiry Instcument immediatcly befare the taking,unless Borrowcr and Lender otherwise agree in wdting,thc sums secured by a�.
<br /> tMs Sxuariry instrument sha11 be reduced by We amount of the pmceeds multiplied by th�s following fracdon: (a) the totai �;�
<br /> � amount of t�e sums secund imtmdiately before the talcimg,dividad by (b) the feir market vulue of the Pro�etty i�«u�y �=
<br /> � , befon the taicing. Any balanoe sb�ll tse paid to Borrower. In the event of a partial takinQ of the Property in�rhict�the fair ��;
<br /> market value of the Pro�erty immndistely befora tht taki�g is less¢han thc amount of the sums secured immedfately befor�th� +li.
<br /> �' taking,unlus Borrower and Lendcr othanvisc agrce in writing or unless applicablc law othcrwise pmvtdes, tde ptoceeds shtl] �?_.
<br /> ` be applied to th�sums secured by thls Securiry Instrum�¢nt whether or aot the swas aze then dua. !
<br /> ' � If the Property is abandonod by Bortowcr,or if,efter notice by Lender to Borrower thnt tha condemnor offera to tnalcm an _`_-
<br /> awarcl or seule a claun!of d�iutt�es, Borrower fails to rr.spond to Lenda«ithin 30 days aftcr th�daue the nodce is given, -'
<br /> � ++ , � Lendcr is xuthoriud to wllect aud apply[he proceeds,et its option, either to restoration or repair of the Ptoperty ar to th:sums �_
<br /> �. secumd by�dis See�rity Instnun:nt,whet�er or nut then due. �
<br /> � �` iJnless Leader and Botrowcr othenvise agrea in writing, any appllcation of proceeds to pdncipal sbaU not eatencl or �'�:
<br />" postponc the due date of the mox�thly paymenu referr�d to in paragxaphs 1 aad 2 or chacge the amount of such paymeau. _
<br /> 11. Bomoxrr Not Rel4��;Forbwranre By Lcnder Not a Wv,1v�r.Extenaion of the timc for payment or modiflcatton �_�.
<br />- ' of auwrtizadan of th�sums ses�u�by thie Security Insuumeat granted by I.ender to any successor in intcnst of Boaower shall
<br /> not operate to nleaso the liabUiry of the originul Borrowox or Borcower's auccessors in[ntarest. I.euder shall not be requi�red to =
<br /> commence procealin�s against any successor ia interest or nfuse to extend time for payment or otherwise madify amorti�ailon -
<br /> - of the sums sec�ued by this Securlty Insuument by reason of any dcmand cnade by the origlnal Bonower or Borrower's
<br /> s;„ successors in i�terest. Any forbearance by Lender in exercising any rlght or remedy shall not be a waiver of oz preclud�the
<br />-_.� ' .;":� cncia;3n8 G1'au)i�-e�`i Gi fcu�"3.
<br />'_ � �:; 12. Suacess�rs xnd Assigns Houad; Jlmint and Several Ltability; Co-signers. The covenants and agreements of tl�iis
<br /> "' '�' ��� Securiry Instru�t shall bind and benefet the successors end assigns of L.ender and Borrower, ;ri�bject ro the pravisians af
<br />'��;;::.�,,, ::'�� � puagrepb 17_ Borrower's covanants and agreements shall be joint anci several. Any Bomowes �ano co-signs this Sxurity
<br />��:��:`�"�' '��"• � Ivatrument but does not e�t�the Note: (a) is co-�igning this Securixy Instrument only to mortgage. g[ant and convay thu
<br />�•$,_�': t &�psower's interost la the�'aoy.erty under the terras of this SecurIty Instmment;(b)is not personaUy obligated to pay ths sums
<br />��;�;�:;x��';_; soca.ired by this 5�..^iry Iflstrument;and(c)agrees that Lender and any other Borrower may agree to extend, mod"xfy, �orbear or
<br />�,:_°°°'`�.;;� malce eny accommodatioas with regazd to the term.s of this Security Instrument or the Note without that Borrower's consent. —
<br />-� •- _ 13. I,oan Charges.If the loan secured by ttris SecurIty Insuumcnt is subject to a law which sets maxlrnum loan chasges.
<br />-`���-��> >'��• and 4hat law i�s finally inteipceted so that the interest or other loan chazges collxted or to be collected in connecdon with thc
<br />�.:u:;
<br />-�•-�= �`' lonn excexd the pernutted limits,then: (a)any such loan charge shall be ceduced by the amount necessary to ralux the c�rarge
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<br /> "-=`,�--'�� to the poimitted limit: and (b)aay sum9 atready collceted from Borrower which exccedod permitted limits will be reti�.odod to
<br /> __.,,.����� Borinwer.Lender may choose to make this nfuad by reducing the principal owed under the 1�lote or by meldng a dirxt
<br />---=��"�r•--"�!�3' payment to Boaower. If a refund reduces principal, the reduction will be treate4 as a parsial prepayment withwaa any
<br />--� ''?��"�' pmpayment chuge under the Note. _
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<br /> IA. Notice9. Aay notiae R�Boisowec provlded fot In this Secudty Insuument s6a11 be given by dclivering it or by mail�t�g
<br />��-_!���. it by fust class mail unless applicable law reqWrrs use of aaother mett�od.The notice shall be dixacte4 to the Property Address _
<br /> -_..i�' or any other address Bomawer drsignates by notice to L�eader. Any �odce to d..endea ahall be�ive� by first class noail icr -
<br /> �,,�.!�� Lendar's address stated herein or any othcr address Lender designaus by notice to Borrower. Any Qotice pmvided for in this =
<br /> -1=`�`�� Socurlty Instrument shall be dcemed to have been given to Bora+owcr or Lender when given as provided in this paragraph. _
<br /> :�•�—�- I5. Govemtng Law; Severabiltty. This Securiry Instrnm�nt shall Ue govemal by federal law and the law of tho =-_
<br /> ���m��•• jurisdiction in which the Property is located. In the �vent that aay provlsion or clause of this Secudry Instniment or the Note �
<br /> _WA:,_ '�_. .
<br /> .-M�.'a,..,- e waflicts w(th applicable law,such conflict shall not affxt other provisia as of ttris Security Insuument or thc Note whict►can be _
<br /> -- •'.�`•'•, 'r glven effcct without thc conflicting prnvisimn. To tbis end the provisions of Wis Securiry Instnimcnt an.d the Note are docla�rod
<br /> _- ' ' • • '. to be r�venble. _
<br /> � � � 16. BorroNer's Copy.B�n�rower shall be given one conformed copy of the Noi�and of this Security Insuument. Q�
<br /> „ ';�`"' Fomi 3028 9190 �_.
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