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<br /> paymenta may no lo�ger be nquired. u the option of Lcndcr, if mortgage insurance coverage(in the amount and for che perlod
<br /> that Lender nquirea)pmvided by�un insurer approved by Lender again becot�es avallablc and le obtained. Bonower shall pay
<br /> the pndiiums r�quiced eo msint�in mortgige inaurance in effxt.or to provide a loss reserve,until the requiremcnt for mortgagc
<br /> inscu�nace enda in sccotdance wlth any written agreemen[becweea Borrowar and Lender or applicable law. . .
<br /> � " 9.Inspectlon. Lender or ite agent mny m�lce reasonable eaMes upon And inapectiona of thc Property. Lender sh�ll givc �_._�•
<br /> ,,,,,,..•«j► Borrower notice at tha time of ar prlor to nn iuspxtion apeclfying reasona�lo cAUae for the inspectton. ;r_
<br /> ...-,w�»� 10. Condaatwtloa.The roceeds of any award or claim for daiaagW, dirxt or consequeatial, in connectlon with any •`:,T
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<br /> �� condemnation or other taking of any part of the Property.or for coaveyana in Ileu of condemnat3on, are hereby assigned aad , _
<br /> shall be paid to Leader. ��`•'-
<br /> In the eveat of a total taking of the Property,the proceeds shall be applia! to the aums aecured by thia Secur[ry Instrument. ;;
<br /> whether or not then due,with any excess paid to Borrower. In the event of a partial taking of the Froperty in which the fair �:
<br /> ; market value of the Property immediatelY befon the takin8 is Wual to or greaur than the amount of the sums secund bY t6ts i:
<br /> Securiry Insuunxnt immediauly befon the taking,unless Aoaower aad Lender otherwise agree In wrttin8,the awns secwtid by __
<br /> this Saurity Instiument shall be roduced by the amount of the prooeeds muldplied by the following fraction: (a)the total ��
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<br /> amouat of tiie sums secured imm�xiiatcly before the taking, divided by (b)the fair market value of the Property immedlaulY _
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair �.
<br /> mazket value af[he Property Imri�edIately before thc taking is less than the amount of the sums secuned immedlately before the �'
<br /> :,e;'•� talcing,unless Borrower and L.ender otherwise agree in wrlting or unless applicable law otherwise provides,the proceeds shall
<br /> be applted to the aums sxured by this Sacurlry Insuwnent whether or not tbe aunw are chen dua �-�5
<br /> .�, �,�; �
<br /> �;�,,.• .: If the Pmgerty ia abandoned by Borrowcr,or if,after notia by I.ender to Borrow�r that the condemnor offers to makc an �•.
<br /> � � award or settle a claim for damages, Borrower fails to re.gpond to Leader arithln 30 days after the dau the notice is given, _
<br /> , `.;•.�•:'
<br />- .�;'.�.`..'� Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Propea[y or to the sums _
<br />_ ,,;:,•;� �� ��by�{B��ty���qt,whether or not then duc.
<br />- h Ualess Lender and Borrower otherwlse agree in writing, any application af proceods to priucipal ahall aot extend or
<br /> - ' postpone the due date of the monthly payments refernd to in paragrapha 1 aad 2 or change the amount of such payments.
<br /> � � 11.Borrower Not Rele.ased;Foc�bearance By I.euder Not a W�iver.Eateasion of the t�me for payment or modificadon
<br /> . �� of amortlzation of the swns secured by this Security Instrument gr�nted by Lender w aay sur.cessor in inurest of Borrower sh�ll
<br />_} � noi vpcintc iv ieicpse ihc lfah�3fiy of tttt arlgiss:J Botro::�rr oY Bern+wer's !ucc.�.vors in inurest. Lender ahall not be requlred to
<br />-R� commence proceedings igainat any successor in interest or refuse to extend dme for paywent or otherwise modify amortizatiaa
<br />= of tho autns aecured by this Securlry IAStnuucnt by reatoa of any dem�nd made by the orlgina� Borrower or Bonowet's
<br />�x'� ''�i ' suc,ceswra In incerest. Any forbeuanco by Lender in e�erciaing eny rlght or nmedy shall not be a waiva of or preclude the —
<br />_; . � exerciae of u►y right or nmedy.
<br />-_�n�-'��' 12, guccnwre and Aaslgw Bound;Jotat �nd Several UabtUty;Co-stgnere. The covenents and agram�nta of thia
<br />�_�'4.�;�� ,. Y` Se�uriry Iasuumeat ehall bind aad benefit the successors and assigns of l.ender and Bon+ower, aubject co the provistons of
<br />�x's.`;, 1,;,'�;�,• puagr�ph 17. Borrower'a covenaata end agraments shall be joint and eeveral. Any Borrower who co-signs thls Secudcy
<br /> ����, � Instwnent but does not eaecute the Note: (a) ia co-signing this Security Iastrument only to awrtgage, grant and convey th4t
<br /> �;.-�.:,•�:_,
<br />_-'�•-:� �++ Borrower's inunst in the Property uader the terms of this Security Inscnimeat;(b)is not peraonally obligated to pay We sums
<br /> �'���'�,;!�. secum►by thia Securlty Instrument; and(c)agras that Lender and any other Horrower may agree to�xtend,modify.forbear or
<br /> --��'-`"� make any accommodatioas with regard to the terms of this Security Insuument or the Note without that Borrower's consent.
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<br /> ;i�.'c`�'�"'� 13.Lo�n Cdae�ges.If the loan secured by this 5ecuriry lnstrument is subject to a law which aets maximum loan charges.
<br />=����"'�� aad that law is flnaUy interpreted so that the interest or other loan charga collectal or to be colltxud in connection with the
<br />'�''` ��� loaa exc�eed the pexmitted limits,then: (a)any such loan charge shall be reduced by the amount necessary ta reduce the charge
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<br /> -` '"`' �a; to the perniitta!limtt; and(b)any sums aiready collxted from Borrower which eacadod permittal limits will be refunded to
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<br /> Borrower. Lender may choose to make this nfund by reduci�g the principal owed under the Note or by making a dlrect
<br />--��:;°.":'�� • payment to Borrower. If a s�efund raluces princlpal, the reduction will be mated as a ptutial prepayment without any
<br /> — `= '''-'�:4 pnpayment charge under the Note.
<br /> - .,�� ,�,, 14.Notices.Any notice to Borrower provided for in this Securiry Insaument shall be given by delivering it or by mailing _
<br />-�-•-:�� it by Rrst class mail unless applicable law requires use of aaother method.Tbe notla shell be directed to the Property Address
<br /> �:.�'�"-~ or any other address Bosower desfgnates by notice to Lender. Any notice to L.tnder shall be given by first clags maU to -
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<br /> .� � ^' � Lender's address atated henin or any ather address Lender designates by aotia to Borrower. Any notice pmvided for in this
<br /> � ' � Securiry Insuument shall be deemed to have been given to Borrower or I.ender when given as provided ia this paragraph.
<br /> - 15.Goveming I.Aw; Severability. This Security Instrument shall be governed by federat law and the taw of the
<br />-. � jurisdiction in which the Property is located. In the event that any provislon or clause of this Secudry Insttument or the Note --
<br />� conflicts with applicable law,such conflict shall not affect other provlstons of thts Securtry Instnunent or the Note which can be
<br /> given effect without the conflicting pmv[ston.To this end the provistons of tHis Securiry Instrument and the Note are declared
<br />- to be severable. �°
<br /> 16.Borrower's Copy.Borrower shall be given oae conformed copy of the Note and of this Securlry Instnunent. ��•--_-_
<br /> � � Form 3028 91U0 �H'�"'
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<br /> - BRINE1�9s�Rt.ot ap�aoie IMtlY�:�� ' "��"
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