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<br /> � paymcncs may no longcr bc rcquircd. ut thc c�ption of L.ender. if►nortgugc insuranrc ruvcragc(in thc�inwunt i►nd liir dic per�ud
<br /> ' thut I.endcr rcyuires)provided by an insurcr uppn�vcd by lxndcr uguin bicumcs nviiilablc anJ is ubuu:�Q. Uucruwcr sh+d�"p!�
<br /> � the prcmiums reyuircd eo maintuin mongage insuranrc in cffect,ar ti�provide u li�sti rescrvc, until�hc rc uiremcut fur murt Ei u
<br /> �, insuronce ends in nccordance with any written ugrcement between�orr��wcr nnrJ Lender or upplicuble Inw.
<br /> 9. Insp�ti�tiuu. L�:ndcr or it,asent may m:d:c rc,tscnahle rnirie, upan nnd inspections of the Propeny. I.citder sh�dl �ive ,.
<br /> +�� Borrowcr notice at the time of or prior to un inspection sperifying reusonuble cause for the inspection. �` .
<br /> 10.Condemnadon. The proceecis of uny nwurd or cluim for duma�es, direct��r co�neyuentiul, in cunnecti�in with uny
<br /> .�"'�" � condannation or othcr taking of any purt of thc Property.��r for cunvcyimcc in licu i�f condemnution, arc hcrcby assi�ncd und
<br /> , ` "".."�" shall be paid ta I.endar. .�„
<br /> . : In the event of a total takin�;of the Property,thc proceeds shall be applied to the sums securcJ by this Security(nnmame�nt. ,`
<br /> � wheiher or not t6�en Jua, with any exccss paid to Barrovrer. In the event of u punial tiikin�of the Property in which tha Fuir :;?�.,
<br /> �' ; markct value of the Property immediately before the taking is equul to or greatcr thun the amount of the sums secun:d by this '�z;4
<br /> • � Security[nstrument immediatcly before the takinII, unless Borra�ver and Lender othenvise agree in writing, thc sume secum�!by F.`+!---
<br /> this Security Instrument shall l� reduced by the amount of the procceds multiplied by the following fraction: (.�t the uztul ',��,
<br /> amount of the sums secured immediately before the taking, divided by (b)the fair markct vnlue of the Propercy immediuteiy {�...
<br /> , '? befom. thc taking. Any balance shall be paid to aonower. In the event of a partial t:ilcing of the Property in �vhir.h QiG fair �.
<br /> � � markct value of the Property immediately before the taking is less th�n the amount of the sums secuted immedintely befurr the �•
<br /> � tc�cing, unless Bono�ver and Lender otherviisc ugree in writing or un(c�s a p p l i c u b l e l a w o t h e n��i s e p r o v i d e s, t h e p r a e e e.d a s h�i l l ---__
<br /> �: be applied to the sums secured by this Security Instrument whether or not the sums are then due. ��
<br /> � I�'the Property is abandoned by Borrower,or if,after notice by L.ender to Borrower that the condemnor affers ta�mnlce an ,;;,-,
<br /> ' award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date tha noti�:e is given, ��;;;:`
<br /> � l.ender is authorized to mllect and apply the procecds,at its option,eitfier to res[oraticm or repair of the Property ar ur the sums
<br /> secured by this Security[nstrument,whether or not then due. 4 f�
<br /> Unless Lender and Borroaer othenvisr agree in writing any applicstion of proceeds to principal shull nnt extend or _ _
<br /> pm~tpone tlie due Jate of the monthly payments referred to in paragraphs 1 and 2 or change the:unaunt o f suc h paymen tu. __
<br /> 11.Borrower Not Releasrd;Forbearunce By Lender Not a Waiver.Extension of the time for payment or mnditicatiun
<br /> � " of amoitization of the sums secured by this Security Instrument granted by Lender to an/successor in interest of Borower shnll
<br /> `� • not operate to release the liubility of the original Borrower or Bonower's successors in interest. Lender shall not be required to _
<br /> - , � commence procecAings against any successor in incerrat ur �cfi:se i�2AIC.iiu iiirc Fa:(S.^.`�S:2�Sl:^:'^1�1P^!Y!�'1!?n[�Ifv aITIt7ItlYAttOft c
<br /> ` ' ` of the sums aecured by this Securiry Instrument by reason of any demand made by the original Aorrower or I�cfrrmwer's -�
<br /> `/1,.,
<br /> i.��;. :_ _ sucassor� in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or prc:cluda the �..
<br /> �` exercise of any right or remedy. —
<br /> -�Y;���;�:�1''��, 12. Successo►s and A.sslgns Bound; ��int and Several Lisbility;Co-si�ners.The covenunts and agreementG of thia
<br /> kr3r .!
<br /> :�ic:�' `,�•::� Security Instrurnent shull bind and benefit the successors and assigns of Lender and Borrower, subject to the pnavisions o
<br /> _;,.;,., ,, ;.
<br /> � f;��,�',:� psuagraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrowor who co•signs tht�a 5ecuriry
<br /> =''��=�,� � Ir�strument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and canvoy thut
<br />;;_="��� Bortower's intemst in the Property under the terms of this Securiry Instrument;(b)is not personally obli6ated ta pny the sums
<br /> =�u�•� secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modiFj, furbear or
<br /> __o_,�_�� make any accommodations with regard to the terms of this Security Instrument ur the Nate without that Bonower's cunt�ent.
<br /> -� — 13.Loan Churges.If the loan secured by this Security Instrument is subject to a law which sets maximum luwn churges,
<br />_:�',;;,,�S;r,� and that law is finally interpreted so [hat the interest or other loan charges collected or to be cc�llocted in cannection wlth the
<br />_ -______��� toan exceed the permitted limits,then: (a)any such loun charge shalt be reduced by the amount necessary to reciuce tho cherge
<br />--_-=-____—= to ihe permittecl limit;and (b) any sums already collectod from Borrower which exceeded pennittal limits will be ratt►nded to
<br /> —,���� I3GuOvrcC. I.c�iuc� ili8y �iiW�C i0 il�d'nc ii�is refuuu by reducing cfie priu��N� a�w.:,i u[i3ci i}'�o �uid u( by t"�ibnilt�'i a .a+:i:,::
<br />__..�;.;����� payment to Borrowen If a refund retluces principal, the reduction will be treated as a part3al prepayment �vathuut any
<br /> ::=:� prepayment chargc under the Nate. =_
<br /> __,_� �a.Notices.Any notice to Dorrower provided for in this Security Instrument shall be given by delivering it ar by mailing
<br /> ��""-�� it by ftrst cluss mail unless npplicable law requires use of another method.The notice shull be directod to the Proparty Addmss
<br />-�- ���� or any other address Borrower designutes by notice to L.ender. Any notice to Lender shall be given by first cluss muil to
<br /> _-�,�s�::>
<br /> _- Lender's addmss stated herein or any other address Lender designates by notice to Borrowcr. Any notice provided f�r in t �s
<br /> - Sauriry Instrurnent shall be deemed to have becn givcn to Borrower or Lender when giveci as provided in this parngrnph. _.
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<br /> _ . ,�,� . 15.Governing Lnw; 5evernNiltty. This Securiry Instrument shall be governed by fedcral law and the luw of the
<br /> ���s:: j urisdiction in �vhieh the Property is loeated. In the event that any provision or clause of this Security Instrument or the Note _
<br /> ., conflicts with applieable law,such conflict shall not affect other provisaons of this Securiry Instrument nr the Note which c,�u►he __
<br /> ' • �;iven effert wathout the conflieting provision. To this end the provisians of this Securiry Instrument anQ the Note am dcrlutr,ci _
<br /> ', � '�!. to be severable. �:`
<br /> ��> 16.Borra�wer's Co�y.Borrower shull be given one conPormeci copy of thc Note and of this Security Instrument. ='�?
<br /> �::,
<br /> ' Form 3028 9180 -�'''
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