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<br /> �� ��; paymcntti may no longcr bc rcquircd, ut thc option nf l.cndcr. iF mnrtgugc insuruncc covcragc(in thc umounr und for thc�xri�xi
<br /> " that Lcndcr requires)proviJcd by an insurcr apprc�vcd by L�:ndcr ugain b�comc+availahlc und iti uhtuincd. Borrowcr shull puy
<br /> .. � thc premiums rcyuired tc� maintain mc�rtgagc insuruncc in eff'ect,ar to provide u luss rc�crvc, until thc rcyuircment fi�r mungugc
<br /> insuranrc rndti in arcorJuncc with any writtcn uErcemcnt bctwccn Borrowcr and Lcndcr ur applicahlc luw. _
<br /> :,;,���� 9. InspecNon. Lender or ith ugcnt may makc rcusonublc cntries upnn,uid inhpcctiuns ot'the Property. I..endcr zhull�ivc
<br /> Barrower notice at the time of c�r prior to an inspection specifying reusonuble cause for thr inspection.
<br /> ' ' 10. Candcmnation. Thc procecds of any award or cluim for damagcs, direct or conscyucntial, in conncction with uny
<br />- �#r ;� condemnution oi othcr tuking of uny part of thc Property, or for convcyancc in licu of candemnatiun, arc hcreby assigncd und
<br /> • ' shall bc paid to Lendcr.
<br /> � In thc event of a total taking of the Properry, the procceds shall be applied to thc sums scrurcd by this�ecuriry Instrument. __
<br /> whether or not then due, with any excess paid to Borrower. In the event of a psu[iul taking af thc Property in which the fair
<br />-�� , � markct value af the Property immediatcly before the taking is eyual to or grcatcr thun the amount af thc sums sccurcd by this
<br /> � h� Securiry Instrumcnt immediatcly bcforc the taking, unless Borrower and L.ender otherwisc agrec in writing, the sums sccured by
<br />' . � this Sccurity Insn-ument shall be reduced by the amaunt of the procceds multiplicd by thc following fraction: (u) the total
<br /> . umount of the sums secureci immediately before the taking, divided by (b)the fair market v�luc of the Property immediately
<br /> beforc thc taking. Any balance chall be paid ta Borrowcr. In thc event of a panial taking of the Property in which the fair
<br /> ; ' markct valuc of thc Propcny immccliutcly bcforc thc taking is Icss tha�i thc amount of thc sums sccurcci immcdiAtcly bcforc thc =
<br />: , taking, unless Borrowcr and Lender otherwise a�rec in writing or unless upplicable law othcrwise provides, the proceeds shall
<br /> � be upplied to the sums�ecurec!by this Security]nstrument whether or not the sums are then Jue.
<br />:_o
<br /> If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br /> +. a�vard or scttic a claim for dumuges, Borrower fails to respond to L.cnder within 30 days after the date tUe notice is given,
<br /> Lcnder is authorized to collcct anJ apply thc procculs,ut its option,cither to restorution or repair of the Property or ro the sums _
<br />- secured by this Security Instrument, whether or not then due. _
<br />• Unless Lender and Borruwer otherwise agree in writing, any application of proceeds to principal shall not extend or -
<br /> postponc the duc datc of thc monthly payments rcferred to in paragraphs 1 and 2 or chunge the amount of such payments.
<br /> Y. 11. Burrower Not R.eleused; Forbearance By Lender Not n Walver.Extension of the time for payment or modification
<br /> � ` of nmorti-r.ation of the xums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> ------ r.�t o�;erste:r, r�leasc the lia�ili:;c�f t!ie«ribina! Bo:sa::•cr or Bos:oi:•e:': :ac�c:s:::: in i^tcress. Ls::d�:�.".a!!�,as�::rc:�uir^d to
<br />-• , commenee proceedings against any successor in interest �ir refuse to extend time for payment or otherwise modify amortization
<br /> � of the sums secured by this Sccurity Instrument by reason of any demund madr by the original Borrower or Borrower's
<br />_--,��:::.�'•.��• successors in interest. Any forbearance by Lender in exercising any right or remedy shall not he a waiver of ar preclude the
<br />= � exercisc of any right or remedy.
<br />�' , 12. SuccessorF ancl Assigns Bound;Joint and 9everal I.labillty; Co-signers. Thc covcnants and agrecments of this
<br />-"� '�''� Security Instrument shaU bind and bcnefit the successors and assigns c�f Lender and Borrower, subject to the provisions of
<br /> ��'"'�""�`""'•:�r paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-sigits tliis Security
<br /> "j' ��� Instrument but docs not excc:ute the Notc: (a) is co-signing this Sccurity [nstrumcn[ only to mortgage, grant and convcy that
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<br />-�� . . Borrower's interest in the Property undcr the tcrms of thi�Sccurity Instrument; (h) is not personally obligateci to pay the sums
<br />;?"' secured by this Security Instrument; and(c)agrees tliat L.cndcr and any othcr Borrower may agrcc to�xtend, modify, forbear or
<br /> 1�_ � .
<br />_ ., �v�.•��;:, � make any accommodations with regard to the terms of this Security Instrument or the Notc without that Borrower's consent.
<br />-�''•°� `° '' 13. I.oan Char�es. If the loan secured by this Security Instrument is subject to�law which sets maximum loan churges,
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<br />_ _ und that law is finally interpreteci so that the interest or other loan charges collected or to be colla:ted in connection with the —
<br /> '" loan exceed the permitted limits, then: (a)any xuch loan charge shall be reduced by the amount necessary to recluce the charee -
<br /> , to the permittecl limir,and(b)any sums alreudy coUected from Borrower which exceeded permitted limits will be refunded to
<br /> — ' Borrower. Lerder may choose to make this refund by reducing the principul owed under the Note or by malcing a direct
<br /> � �� paymcnt to Borrowcr. lf a ref'und reduces principal, the rcduction will be trcated as a partial prepayment without any
<br />�.« prcpuyrocnt chargc undcr thc Notc. �
<br />�� � ; 14. Notices. Any noticc to Borrower prrnidcd for in this Sccuriry Ins[rument shall be givcn by delivcring it or by mailing
<br /> it by first clas�mail unless applicublc law reyuires usc of anc�ther mcthod. Thc noticc shall bc directed to the Property Address _
<br /> ' or uny utNer adJrctiti Borrowcr designates by notice to I.ender. Any notice to Lender shall be given by first class mail to —
<br /> Lcndcr's address statcd hcrcin or any othcr address I.cnJcr designates hy notire to Burrowcr. Any noticc providui for in this _
<br /> Sccuritp Instrumcnt shall hc deemcd to have bcen giv�n to Borrowcr or Lcndcr when �iven as prnvided in this paragraph.
<br /> 15. (:overnin� I,aw; 5everubillty. This Sccurity 4�strument shall be governcd by fuieral law und thc law of thc —
<br /> jurisdiction in which thc Property iti locatcd. In the event that any provitiion or clause of'this Sccurity Instrument or the�1ote °
<br /> � contlicts with applirablc law, such conFlirt shull not:dfect other provisionti of this Serurity lnstrument or thc Notc v�hich can he
<br /> givcn cffcct without thc conflicting provision. Tc� this cnd thc provitiions of this Sccurity instrumcnt and thc Note urc dc�larcd _.
<br /> to be sevcrable.
<br /> lG. i3orro«rr's Copv. Borro�vcr shall bc givcn onc conformrJ copy of thc Nutc and of thiti Securiry instrumcnt.
<br /> Form 3028 9l30
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