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<br /> _ � p:�yiucnu may no lunger t+e requireii.at the option of LenJe�.if mortg:�ge in,urarnc cur�crage tin the amuunt and for the pericxi , . .
<br /> that Lender reyuirr+l pra��ided by an inaurer approvrYi by l.ender ag:sin bernme+s�•silable and is obtaineci• Borrower sltall pay . ' ;
<br /> ' the premiums requir.d to mainwin mort�age insurance in effect.or tu proyidc a loss n.''ene.unci!the requ�rement for rnartgage �`�...;_',:`,
<br /> , ` . in,uran�e ends in ac��rdance«ith any wrinen agreement beta�cen Borrower and l.ender or appliwbte la�t•. ,
<br /> �� ` 9. Incpeetlan. Ixnder or it,agent may md+e r�awnable entries upon xnd inspection,of the Pmpert}�.lxnder tihall gi�•e
<br /> F � Burru��er notice at the time oCur priur tu an iropectian specefying r�ra.um3ble�u�e for the insQection. . ,
<br /> - ---- 10. Condemnuttoa.The prcxeeds of am•a�ti:erd or cl�im for damages. direct or canwyuenti:il. in connertian uith any - -----_:
<br /> .` � . , , condemnation or other taking of an}p:u't of tha Propeny,or fnr com•eyance in lieu of cemJtmnatian,arc hereby :usigned and , •. �
<br /> - � �hall be paid ta Lencier. • . ..'.
<br /> °�- In the event of s tolal takin�of the Pra�rtg.the procee�i�hall be applied to the Sums s:cured by this Security I�utrument� ,
<br /> ahether ar not then duc.with ar►y ex�-ess p:aid to Borrower.In the event of a paRial taking of the Property in which the fair .';;... -- �
<br />�`4 �� �' market value of the P�upeny immediately before the taking is eyual to or gneater than the amount of the sums secured by this : , . ,
<br />_ �`� '� Security Instrucnent irtemediately before the talcing,unless Borrower and l.ender otherwise agree in wriling.the sums secured by ,_:..,
<br />� this Security Insuument shall be reduced b}� [he amnunt of the proceeds multiplied by the following fractian: (a) the tota! �•
<br /> ' • amoant of the sums secured immediately befi�re the tailcing,divided by Ib)the fair market value of the Property immediatel�y � � . .
<br /> - before the takin�. Any balancc �hall be paid ta Borrower. (n the event of a partial taking of the Property in which t6e� : �'�-.',_=��
<br /> - market value of thc Propert}•immediately befa�the taking is!eu than the amount of the sums secured immediately befo:'�a: ;5 ,.
<br /> . tak�ng.unless Borrower and Lender othenvise asree in writing ar unle�s appticable law otherwise provides,the proce�i�`::� . . ;7':
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<br /> • • he aFplied to the somti secured by this Security Innrument whether or not the sums are then due. . � : :.��z
<br />':�+'� ' If the Pro�eriy is abandoned by Borro�s'�r.or it;ai:er notice by Lender[o Borrower that the cond.,'mnor offers to mai��w- _ . � `��.�..-
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<br /> ` • � award or sett[e a claim for damages. Bor�+na'er fstils to respand to Lender wishin 30 days after the date the notice is give� � . . �;
<br /> . - � Lea:der is authorized to coliect and appl}•the pmceeda.at its option.either to restoration or repair of the Property or to the sums . , � :: �-c� ". ;
<br /> s,.�.�.-:ed by this Security Instrument,whetfier or nat than due. � � �.`'>:�.'
<br /> • Unfess Lender and Borrower othenvise ag�ee in writing, any application of proceeds to principal shall not extend or , _�.1,,,;_�..
<br /> 1 -- �. ; -.�;• postpone the due date of the monthly paymee�tti refsrred to in paragraphs 1 and 2 or change the amount of such payments. �
<br /> ,'�:; 11. Borro�ver Not Released;For6raraace Bv dxndes Not a Waiven Extensian of the time for payment or modifccation . ,_��
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<br /> of amortizati�:�n a`the sums secured by this Sec�uRhj Inatrument g,ranted by[.ender to any successor in interest of Borrawer shall � : ,,.;,a`
<br />- ' not operate to r�iease the liabi`.Ety of the original Bamower ur Borrower's succe.ssors in interest. Lender shall not be required to ��°•�;_�%:v
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<br /> �' commence praccedings aga:ace ary successor in inter+e�t ur refuse to extend cime for payment or otherwise madify amorti7ation �,�{�
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<br /> ` � of the sums secured by th:s Szcurity Instrument bg r�a�on of any demand made by the ariginal Borrower or Borrower's _� ,rf:•^-a.��
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<br /> "•"'' , , .���+; successors in ir_terest_ Any forbe�arance b�• Len�c in eRercising any right or remedy shall not he a waiver of or preclude ttce : . • y--=
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<br /> ' , " .':a`t' �z�rcise of any right or remedti. . _`f f:�
<br /> ��"�'-`��� �' 12, Successflrs and Ass�.�s Bound; d��int�.nd��eral Lia6Dity; Co-signets. The mvenan�s and agreements of this �' ';
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<br />",'.�':';� : � ;_t ��rurity Insttument shal! bird and benefit the succ:.�snrs nnd assigns of l.ender and Borrower, subject to the provisians af , , ..
<br /> �.�' �� � { paragraph 17. Borrower s covenants and agreements shall be joint and several. Any Borrower wha oo-signs this Se�vrity .. '�.'!�;
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<br /> � Instrument but does not execute the Note: (a) ia co-�i�ning this Security Instrument only to mortgage, grant and convey that : ,.,r,,,
<br /> � • ,�`; Borrower's intcrost in the ProPerty�under ihe terms of this Security Instrument;(b>is not personally obligated to pay the sums . . �i�;.;!�,'.
<br /> `�� � . secared by this 5ecurit} lnstrumenr,and(c)agree+that Lender and any other Borrower may agree ta extend.modify.forbear or ` �:r`_
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<br />';;j . ' _ make any accommodations with regard to tha tem�of thib Security Instrument or the Note without that Borrower's consent. � ;_,
<br /> ' t3. Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> `•;t � �'' and thnt law is finally interpreted so that the:intcrest or other loan cha:�es a�ltecced or to be wtlected in connection with�3�� : : �,'`��,,�
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<br /> - ,s��` toan exceed the permitted limits,then: (al s:�•�ach loan charge shall�e�daced by the amount eca.�s�ary to redace the cha..~ce �_;��,�,-�r
<br /> • . :�aL•e permittad limit:anJ (b)any sum�atrw3�wlle:te�from Borrower which exa�ed permittcd limits will be rePundec�tu , ..,.
<br />-_�,�. ' Ba-rower. l.ender may choase to make this refurtd hs• r�educing the principal oW c�i under the Note os by c:e.king a diroct ���
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<br />_ . . : payment m B�srower. Ii a re:and reduae� prinripal, the reduction wiU be treated as a partial prepaymer. without any . :.,;°
<br />- . pmpayrttent a"aarge under the Note. � `}•�`�,
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<br /> � 14. Notsces.Any notise to Borrow��ns.�ided for in this Security fnstrument shall be given by delivering it or by mailing ������°•^
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<br /> ' it by first class muil unless:�p'-:cable (e��t rr�uires use�1f another meth�:d. The notice shall be directed to the Proverty Address - ...' ,.�°
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<br /> ;;:,�$��;, � � ' , o; any other address Borr�w:c d�sighzte+ by natice cu Lender. Any natice to Lender �hall be given by f:�t class mail ta ;:.{L{„�. .F _
<br /> ��•.�• ` � : LPnder's address stated here:..csr any other addc�ss Ix.«t�:r designates by natice ta Barrawer. Any nolice provided for in this ;�`';' �,
<br /> ' �f�� �;..• Security lnstrument shull be deemai ta bo.ti�been given tro Borrawer ar L.en der w hen given as provi d e d in t his paragraA h• ��;�F;!'.:;_
<br /> � '.•`';� I5.Governin� I.aw: 5everabiliiy. T!�is 5ecurity Instrument shall be governed by federal law and the law of��c � �i;••��
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<br /> ���� , ;'•.r�`�� jurisdiction in which thc Pro,;erty is lor�tod. In the etiert that any ptovision or rlause oi thic Sea:rity Instrument or the Not: - .;:�,�
<br />` ••;�,��:`:. � � conflicts with applicabfe law.s�ch conflict shull not afCcxx�uther provisions af this Security lnstrument or the Note which can be . '�•���`
<br /> ��^�''"' '` iven effect without the canflicting provisian.To this e�.3 che provisions oi this Seeurity lnstrument and the Note are declared
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<br />=`�::I , % to be severabt�. � �'�"`��`"`
<br />�'���� '��` 16.Boerow�r's Copy.Borrower�hail be given one confartneci�.tr, of the Notc and of thi�.5:a.vrit Instrument. "'��`��
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<br /> -�',��' `r r' Form 3028 9?� '
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