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<br /> ,. � 97- si4�69
<br /> paymenu may ni�lun8er t�e reyuired,at d�e c�ptio�i of Ixnder, if niattgage tnsurunce coverage(in the xmaunt and far the perbd ,�
<br /> + tliat Lc:�nlcr requires)provided by en insurer npproved by I.ender agaln l�comes availahle and is obtained. Bonower shall�ay i
<br /> ] the premiums reyulred to maintuln n�ortgage iiLSUrance in effect,or to provide a loss reserve,until d►e requirciu�nt for mortgage
<br /> .�w� insurxnce ends in sccardance wid�any wdtten agreenient between Bonower and I.ender ar applicat�le law.
<br /> ��.� 9,l�tspectton.I.ender ar iGs agent may make reasanable entrle�upon and inspecdans of the Property. Lender shall give
<br /> qarrower nodce at the tirae of ar pdor tu wi inspection specifying reasonxble cuuse far the inspecdon.
<br /> 10. Condemnatlon.The proceeeis of any award or claini fnr dameges, direct or canseyuential, in co��nection with Kny
<br /> � condemnaslon or otl�er txking of any part of the Ptopeny, ar far canveyance in lieu of candemnatian, are hereby assigned und
<br /> shall be paid ta I.ender.
<br /> In the event of a total tuking af the Prapetty,e�e praceeds shall be applied to the sums secured by tlils Securlry Ii�stnunent,
<br /> whether ar not dien due,with any excess paid to Bonower. In die event of a partial takiag of the Property ln whlcb the fair
<br /> market value af the Praperty iminediately hefore the takinb is equal to or gceater than the amount of the stuns seGUred by Wis
<br /> 1� Securtry Instrument immediately before d��takinS,unless Bonower and L.ender otherwisc agree in wridn�, chc sums secured by
<br /> this Saurlty lnsuument shall be redused by die xmounc of the proceeds m�ltiplied by the followjng fracdon: (a) the total
<br /> tunount of the sunis secured iiumediatcly before the taking, divided by (b) the fair market value af the Propercy immecliately .
<br /> •? before the taking• Any balance shall be paid ta Honower. In the event of a pardal tuking of the Property in which the fair
<br /> � mnrket value uf the Property immediately befare the taking is less than c1�e�c ble law odi rwise ov des che proceeds shall
<br /> txking,unless Borrower and Lender othenvise agree in writinb ar unless app' P
<br /> � be applied to the sun�s secured by this Security Instrument whed�Er or nut the sumv are chen due,
<br /> If the Propeny is abaudoned by Bonower, or if, ufter notice by L.ender ta Bonower that the condemnor offers to make an
<br /> award or setde d clxim for clumabes, Borrawer fails to respond to Lendcr within 30 days after the date the notice is given, _
<br /> �• Lender is authorizecl[o wllect swcl apply the proceeds,at its option,eithet to restoraaon or repair of the Property or to the sums ��
<br /> " secured by this Security lastrument,whether or not then due. licadon of ro�eeds to princlpal shall not extend or
<br /> � Unless Lender and Bonower othenvise agree in wridng, any app� P .
<br /> ii postpone the due date*of the�monthly payments Pef�errl.ender N t a�Walver.Hxtens on of the time for�ayment ormmalification "
<br /> - . II. Borrower iwa itea�edi Forbeai�an-- -Y p =
<br /> � of amortlzadon of the suras secured by this Security Instniment granted by Leader to any successor in interest of Borruwc�st�all `
<br /> not operate to release the liability of the original Bonower or Borrower's successors in interest,Lender shall not be cequired to =
<br /> �omm�nce proceedings agalnst any successor in interest or refuse to extend time for payment or otherwlse modify amortization
<br /> ' of the stuns secured by ttus Secudty Instrument by reason of cu►y demand made by the original Bonower or Bonower's _
<br /> successors in interest. Any forbearance by Lender in exerci�ing any rlght or remedy shall not be a waiver of or preclude the -_
<br /> eaerclse of any rigl�e or remedy.
<br /> 12. Succc�sssors and Assigns Bound; Joint and Several Lfabtl(ty; Co-signers. The covenants and agceemeuts of this
<br /> �r Security Instrument shall bind and benefit die successors and assi�ns of L.ender and Borrower. subject to the provisious of
<br /> �. paragraph 17. E.orrower's coveuants and agreements shall be joint and several. Any Borrower who co-signs this Securlty —
<br /> `• Instrument but dces not execute d�e Note: (ay is co-signing this Security Instrument enly to mortgage, grant and convey that
<br /> ' �• Bonower's interest in the Property under the terms af this Security Instrumenr (b)is not pe�sonally obligated to pay the sums
<br /> ,. secured by this Security Instrum�nt;and(c)agrees that L.ender and any other Borrower may agree to extend,mod{fy,forbear or. r
<br /> � raake any acsommodadons with regard ta the tem�s of this Security Instrument or the Note wit�out that Bonower's consent. r
<br /> � 13.Loan Charqes.If die loan secured by diis Security Instniment is subject ro a law which sets maximuni laan charges, !,
<br /> � and that law is�inally Interpreted so d�ac tlie iutrrest or other loan charges collected or to l+e collected in co�ecdoit wlth the �_-�
<br /> loxn exceed the pecmitted linuts, then: (a)any such loan charge sUall be reduced by the amouut necessarY to reduce the charge
<br /> � ta the penn[tted limit;and (b)any sums alreudy collected from Borrower which t.cceeded pe�micced limits will be refunded co _
<br /> Bonower. I.ender may choose co make this refund by reducing the principal owed under the Note or by making a direct
<br /> '� payment to Borrower. If a refund reduces principal, the reducdon will be treated as a partial prepayment without any
<br /> . �, prepayment charge under the Nute.
<br /> 14.Nattces.Any notice to Bonower provided for in this Securlty Instrument shall be given by delivering it or by n�ailing ,
<br /> .' it by first class niail unless applicable law requires use of another n�ediod.The notice sl�all be directed to the Property Address
<br /> or uny ather adclress Bonower designates by notice to Lender. Any notice to Lender shall be given by first class m�il to
<br /> Lender's address st�ted herein or�u►y other address Lender designxtes by nouce to Borrower. Any notice provided for in this
<br /> - Security Insuumeat shall bc deemed to have been given to Horrawer or Lender when given as provided in this paragraph.
<br /> 15.Governfng Law; 3everabSllty. Tliis Securiry Instrument sliall be governed by federal law a�id die law of the
<br /> jurisdicaon in whicli the Property is located. In the event tUat any provision or clause of ttiis Security Instrument or the Note
<br /> conflicts with applicable law,such couflict shall not affect other provisions of diis Security Instrument ar die Note whieh can be
<br /> given effect wiWout the cunflicting provision. Tu this end dte provisions of dtis Security Instrument and the Note xre declared
<br /> ' to be severable.
<br /> 16.Borrower's Copy.Borrower sliall be given one confornied copy of die Note xnJ of diis Security Instrument.
<br /> Form 3028 9190
<br /> . �•6RINE1�s2ixi.o� Page 4018 ����•'•:�'��
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