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<br /> , payments may no longer be required.at tt�e opdon of Lender.if mortgage iasurance wverage tin the amnunt and for the pesiad ;,F•;.
<br /> �' •y �. � ,.;. that l�ender reqnires)provided by an insurer approved by I.ender again beoomes availabte and is obtained. Borrower sball pay .
<br /> , � the p�emiurns req�ued to maintain mortgage iasurance in effect.or to provide a loss reservo,until the requirement for mongage ; .
<br /> � �__�.��� � i���oe eads in so�o�laace with any wrimen agreemeat betweeo Borrower and Lender or applicabte law. .
<br /> � , ` 9.Iasp�z4ton. I�eader or its ageat may make reasonabte entries upon and inspections of th+e Fcoperry. I.ender sha11 give 2
<br /> �� , Borrower notice at the time of ar prior to an inspection specifying reasonable cause for the inspec�ion. `. t
<br /> � 10.Coademnation.The pmceeds of any awa:d or claim for damages. direct or consequential. in conneccion wit6 any � � ;�
<br /> _��:�� oondemnation or other taldng of any part of the Property.or for conveyance in Geu of oondemnation,are hereby assigned and ..�•�.
<br /> -. . shall be paid to Lender. -
<br /> ` � In thc event of a total taking of the P�operty,the proceads shall he applied to the swns secured by this Security Insuument.
<br /> '� '` � whether or aot then due,with any exoess paid to Borrower. in the event of a partial taking of the Pcnperty in which the fair .
<br /> . . . . market value of the Froperty iaunediately before the taldng is equal w or greater than the amount of the sums secured by this
<br /> . •_•.
<br /> � - Security Insuument immediately before the taking.wdess Borrnwer and Leader otherwise agree in wridng.the sams secuced by
<br /> ' � ��'•�Y this Securiry Instrument shaU be reduad 6y the amount of the pmoeeds ruuIriplied 6y the foliowing fraction: (a) the total
<br /> - :, .� . amaunt of the sums secared immediately�efore the taIdng.divided 6y N)the fair tnark�valus of the Property immediately
<br /> .' �• • beFore the taking.Any balance shall be paid to Bonuwer. tn the event of a partial taldng of the Praperty in ahich the fair �
<br />. ` '�.�`"' -, market value of the Property.immediately before the taking is less than die amount of the sums secured immediately befote the `�
<br /> taking,umless Bor�ower and Lcader otherwise ag�in writing or unless appiicable law ottcerwise pmvides.the proceeds sha11 .
<br /> ` - be ap�ed to the sums sea�red by tl.;s;curity�I caamen►wh Kher or 1ot the swns aie then due.
<br /> • ' If t4�e Property is abandoned by Boriowu. or if,after aatoe by lxnder to Borrower that the condemnor offecs ro make an
<br /> i::`:, . award or settle a clalm for damages. Burrower f�s to ms�ond to Lender within 30 days after the c�se the notice is given,
<br />•` � � I.ender is anthori�ed to ooltect and appty the praceeds,at iu option.either to restoration or regair of t�r�'roperty or to the sums , '
<br /> - ��.t:";� •� secure+3 6y this Security Insuumen�whether or not then dae. -
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<br /> - `•!�J�'.�. . '. •���j�der and Borrower otheravise agree in writing, any application of prooee� to principal shall not e.*�d or
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<br /> • . postpone the due date of the montWY payments referred to in paragraphs I and 2 or change�r:amount of sach paymeats.
<br />= 11.Borr+uwer 1�Tot Released,Forbeasance BY Le�adcr 1Vot a Waiver.Fate�uion of t�e time for payment or mod.ificaLion
<br /> . . of amortization of the sams secured by this Securiry Insuumem granted by Lertder to any s.�ccessor in interest of Botrowet shall =
<br />�����•,�i,,•'�•� not op�rare to release the liab3I'ity of the original Bosower or Borrower's sacce.csors in ia�st.I.ender shall not be required�to -
<br />',.°{a�;,����','.-' conqme�e prnccedings against any successor ue interest or refuse to extend time for payr�or othenvise modify+amortvadon ,
<br /> - ���.k :.
<br /> � `•`�'�" ' of the stuns sea�red by this Security Ia�miment by reason of any dema�m-! made by the original Boaawer or Bosrower's �.
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<br /> '. t,. ,,� ' :::� ��o�� ��. My foc6earance Uy Lea�in exercisiag any right oa:emedy shall not be a a�di+�r of or preclude the
<br /> _ ' : . ��<i exercise of any right or remedy.
<br /> :����; . ; 1�. 5a�ors sud Asslgas Bouad;Joi�anA Sevesal Llabittty;Co-stgners. The covenants mmd agreements of this
<br /> .��'�';` Security Instrument shaU bind and bPaefat the suoaessors a�d assigns of Lender and Basrower. subject to the pmv*�sions of
<br /> - :-,4_: , :.
<br /> . : parag�pb 17. Bomoaer's covenants and agr�nents shall be joint and several. Any Borrower who co-signs this Se�riry
<br /> _ �� "' ' inswment but does not execute the Note: ta)is co-sigaing this Security Iastmment only to mortga�.grant and convey thaz
<br /> �` Borrower's interess in die Property under the terms of this Seauity Insati.�ra�c:(b)is not persoaally obligated to pay the sums -
<br /> . secured 6y this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend,modify.forbear or
<br /> ; : , make zay accommadations with regard to the terms of this 5ecurity instrument or the Note�+ithout tl�at Borrower's consenG
<br />:,� : : � 13.Loan Chaiges.If t4e loan s�re�by this Sec�urity Inswment is subjoct to a!aw wiuch sets maximvm loan cYiarges.
<br /> ,. � aad that!aw is finaUy interpt�ted so that t�se�zst or other loan charges oollected or to be collected in oonr�ction wlth the
<br /> _ . .: loan exceed the permiued limits.then:(a)an••s-:�loan charge shafl be reduced by the amount necessa,y w reduce the charge . `
<br /> ' to the�ermitted limit:and(b)any suma already callected fro*-n 8orrower which exceeded pemuued limits arill be�efunded to
<br /> � � this refund b red::cin� the rinci al owed under the Note or by mak(r� a d'uect � '-
<br /> Bonocver. Lender may chaose to make y , p P
<br />_ ' • payment to Bortower. If a refond reduces principal. the s�ducrton wi}1 be treated as a paAial prepayment wit.�out any '-�,
<br />— ' prepaymcmt charge under the Note. ��: �
<br /> x• ' . � ' � 14.Notices.Aey notice to Borrower provided for In this Security Ins��ent shall be given by delivering it or by mailing�
<br /> - � � it by first class mail unless applicabl�law requires use of another method.'T#ie notice shall be directed to the Property Addse,ss �-'
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<br /> -' ��,<�,. ;..�� or azry other address Borrower d�:�nates by notice to Lender. Any notice to Lende3 shall be given by first class mail to � �
<br />- � Lender's address stated herein or azy other address Lender designates by natice to Bos�nower. My notice provided for in this
<br /> ° Security Is�s�ument shall be deemed to have been given to Barrower or Ler���when given as pmvided in this paragtaph. '� �
<br /> _ . . � 15.Governing Ik1w; Severabiltty. This Security instrument shall he govemed by federal daw and the law of the �-_�
<br /> _= �� � jurisdiction in which the property is located.In the event that any provision or dause of this Securiry Insuument or the Note
<br /> confZi�s with appliqble law.such conflict shall not affect other provisions of this Securiry insin�ment or the Note wtuch can be - •
<br />-- � • � givea effect without the wnllicting provlsion.To this end the provisions of this Secarity Instrament and the Note are declamd
<br />— . ' to be severable. ,
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<br /> 16.Bor�owe�s Copy.Borrower shall be given one confonned copy of the Note and of this Security L�stn�ment.
<br /> - , � ; Form 3028 9190
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