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<br /> �paymente mAy no longe�1.e required,at the aption qf Lender,if mortgaga in.9urance coverxge(i�tife amoun�peri�d -;�-;. ;�
<br /> ' • that Lcndar requiros)pravided by �n tneurer+�pproved by Lutder again became»avallable end i� obuined. Barrower s��ll puy 1 ;f,�+�:,,
<br /> v:�:•
<br /> the premiums required to m�tntdn �nort�nge Insur�nce in effat,or to pravido a loss roserve,until the requirement for rnortgage .� �,
<br /> ' insuranco cnda in eecordence with�ny written Rgreement betwcen Bocrower and l.ender or applicnble Inw.
<br /> 9. lns�etlon. L.ender or ite�gent mAy malco reasonable ent�iea upon and Inspections of the Property. L,endcr shell give
<br /> Bc�rrowar notlr.o nt tha time of or prior to Rn inspection ep�clfying reason�ble causo for the inspecsion.
<br /> 10. Cond�nnxdon. 71te proceeds of xny aw�rd or cicim for dt�maSes, direct or consequential, in connection with wny :
<br /> condemnation or oth�r taking of wny part of tho Property. or for convey�nco in lieu of condemnstton, are hereby assigned and , ,•;ti.�;y`;
<br /> i ' shnll be paid to Lender. �, ,� �•
<br /> In tho avent of a totrd tnking of tho Prope�ty,the pro:eeds shall bo Applied to the sums securr.d by thi4 Sccurity Intitruincnt, ,���;_;,
<br /> SS.:-'�'^..::'..
<br /> �,.,i,� � whr.thor ar not than dun, wit1�any excess paid to Borrower,In the event of n pxrtlnl tnkin8 of the Properry in which the fiir ;.%==.��_
<br /> ,,,r,,,,.�r i mnrket vnluo of th� Prop�srry immediately beforo tha taking is equal ta or greater than the amaunt of the sums secured by this ; !;:;fi,�,4;;.
<br /> ' Securiry lnetrumant immedintoly beforo the t�kinG,unless Borcower and Leader otherwise agrao in writia8. tho eums secured by �,_�
<br /> u�• _
<br /> ; tl�ia Security Inetrument shaU bo nduced by the acnount of the praceeds multiplied by the following fraction: (a) the totel �'y�M.=y,e_
<br /> umattnt of the sums secured immediatcly beforo tha taking,divided by(b) the fair market value of the PropeAy immediately �j_^`-
<br /> befora thu tskinB. Any balonce�h�l! b°Pvd �° B°zr°W°r.In the event of a partial taking of the Properry in which �he fair -
<br /> msuket volua of the Property immedintely before the taking is less than the smount of the sums secured immediitely beforo the �-
<br /> , �• wking, unlosa Borrower and Ixnder othecwise ngree in writing or unlass applicnble law othcrwise provides, the proceeds shaU �—
<br /> � ba Applied to the sume secured by this Security Instrument whether or not the sums are theq duc. �-�-
<br /> � If thc Property is abnndoned by Borrower,or if,after notice by Lender to Borrowcr t6at the condemnor offcrs ta make an
<br /> ` � � , awnrd or settl�a cisim for dnmages, Bonower fails to respond to Lcnder wiWin 30 daYs after the data the noticc 18$LVCR. �- --
<br /> '"�° �� I�end�r is autborized to collcct and apply the proceeda,at iu option.either to restoration or repair of the Property or ro the sums
<br /> . '"" ,i
<br /> g"'�'� secured by Giie Security Instrument,whet6er or not thea due. licatiou of rocecd.9 to principal shall not extend'ar
<br /> �r:��'� Unloss I.ender aad Borrower othenvise sgree in writing, any App P
<br /> , pnstpone tho due dnte of the monthly paymentv refemed to in parAgraphs 1 and 2 or change the amounc of such�ayments. -_
<br />- '�. 11,Borrower Not Released;Forbe,arxnce By 1.endtr Not A Waiver.Exunsion of the time for payment or modification
<br /> of amod.i�nF�aa of the surn9 secured by this Security Instrument granted by Leader to any successor ia interest of Bonower s6a11
<br /> not op�roto ir,,�clease the liability of the original Borrowor or Borrower's successors in intcrcst. Lendcr shall not bo required to
<br /> � cotnmence proceediaaa ageinet any successor ia interest ar refuse to oxtend time for payment or otherwise modify amortization _
<br />-_. � of the sums secuced by tl�le Security Instrument by reasoa of any demand m.gdo by the original Horrower or Borrower's
<br /> ' ; successore in interest. Any fod�enru►ce by Leader in ex�nising t�ny right or remedy shall aot be a waivcr of or prr.clude the
<br />�._ _ _ `� ' exercise of any right or remedy.
<br /> .�.. !2, g .•��Q.� nn�l Acsigns Bound; Joint and Several Liability; Co-signers. 'Ihe covenaats aad egroemente of this
<br /> • Security Iastrumeat ahall bind and benefit the suecessors wd asaigie of Lender and t3orrower,subjecc co cho provieione of
<br />- . ' naragruph 17. Bonower's coveaants and agreements shall bo joint and several. Any Borrawer who co-sigas tlue Security � --
<br /> u
<br /> � ' Instrumeat but does not execute the Note: (�t) ie co-eigruag Utis SecutitY Instrumeat only to mortgago, grant and coavey t6at
<br /> � � l Borrower's intere.9t in the Property under tho terms of this Security Inetrument;��19 IIOt ptTSOABI�Y ObI1gAtC(�t0 piy 1hC SUQ18
<br />±'. .!� , �, ; secured by thia Security Instrumenh and(c)agrees t6at Lender nnd any other Borrower may agcee to extend,modify, fo►bear or
<br />_�_ .'•'
<br />-�' •���t make any accommodatione with regard to the terms of thie Security Tnstrument or the Note without that Borrower's canxnt.
<br /> �``'�:':`��� � 13.Loan Char�es.If t6c lwa secured by this Security Inserument is subject to a law wiuch s�t�u�iu►uui toaa ch:rg�. - -
<br /> ""`' ' "'�` :wd that law is finally intcrpreted so that the interest or oih�r loun charges collected or to be collected in connection wlth tho
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<br /> �., . . . ,�n Ioan exceed tho permicted limits. then: (n)any such loan churge shnll bo reduced by the emouat necessuy to reduce the charge
<br />-"'��',,�N4 ri• • to the permitted limit;and(b)any sums xlready collected from Borrower which exceeded permitted limita will bo refunded to
<br />-�='=��"=.:Y
<br /> - Borrower. L.�ader may choose to cnake thia nfund by ttduciag the principal owed under the Note or by making i d reet
<br /> '�`�'T�'�-"� a ment to Borrower. If a rofund reduces principal, the ruluction will be treaccd es a partial prepaymcnt without a�y
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<br />���.�g;:�'!''�� prepayment charge uader tha Note.
<br />=�="�'�'��'� 14.Nodces. Any natice to Bonower providcd for in thie Secwity Instnimont shall be given by delivering it ot by mailin�
<br /> sT� �;�'-'�t ic by first class mail unless applicable law requirea use of�nother method• The notice ehnll be directed to the Proporty Addres9 �
<br />,'`�"'�Y��+�� or any other address Borrower dcsi�stes by notice to Lendor. Any notico to Lendor shall bo given hy first clasa muil to
<br /> = �'�=:'��� Lender's address etated heroin or eny other addrc,ss Lender desigttates by notice to Borrowor. Any�notice provided for in this
<br /> y_::.R;=R,�,,,;
<br />�,�,,,.,�::.� Security Instrument shall be deemed to have bcen given to Barrower or Lander when given as provided in tlus parxgraph.
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<br /> _;,s 15.Govecn[ng Law; Severubility. 'Itie Secucity Instivment ehall be govemed by federal law tnd the law o t e
<br /> _-•�;�° jurisdictioa in which the Properry is locatcd. In the ovent that any provision or clause of thIs Socurity Instrument or Ihe Note
<br /> ••�:°~�:• ~ � conflicts with applicable law,such coaflict shall aot affect othor provisions of this Security lnstrumcnt or the Noto which can'be
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<br /> - .� �:4 given effcet without the conflicting proviaion.To this end tho provisions of this Sccurity Instrument and the Noto are declared
<br />-_ ����� to be severablo.
<br /> � . 16.Borrower's Capy.Borrower shall be given ono conformed copy of the Noto and of this Security Instrument.
<br /> • Form 3028 91'�0
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