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<br /> payments may no longer bc requir�d,at thc optlon of I..cndcr, if mortglgc insurance coveragc(in the amount and for the�xriod
<br /> lhat l.cndcr requlres)provfdcd by an insurcr approved by Lender agnin becomes availablc and is abtaincd. Borrawer shall pay
<br /> � the premiums rcquired to malmain mortgAge Insurance in effecc, ar to�rovide a loss reserve, until the requiremcnt for mortgage
<br /> • insura�ice ends in accordance wlth wny written wgreertxnt between Borrower and l..ender or applicable law.
<br /> . �} 9,lnspeetlon. L,ender or ita agent may make reasonable entrfes upon and inspcctions of the ProNerty. Lender shail givc -
<br />'" � F3orrawer notice at thc tirne of c►r priar to an Inspa:don specifying rcasonable cause for the inspection.
<br /> l0. �'ondemnAtlon.The proceeds of any awa�d or claim for damages, dircct or conse�uential, in connecdon with nny
<br /> � condemnation or other taking of any part of the Property, or for convcyancc in lieu of condemnation,arc hereby Assigncd and
<br /> `.� shall be paid to Lender.
<br /> �,�5� In the event of a total taking of the Property, the proceeds shall be applied ro the sums secured by this Security Instrument,
<br /> 4�"���� �" � wh�ther or not then duc,with any exass paid to Borrowcr. In thc cvcnt of a panial taking uf thc Propeny in which the fair �
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<br /> rnarket value of thc Property Imrmdiatcly before thc taking is cqual to or greater than the amount of thc sums secured by this
<br />- Security Instrument immcdiately before thc takinb,unless Borrower and l.ender oth�rwisc agree in writ(ng,thc sums secured by
<br /> � • thls Security Instrumcnt shall bc reducccl by thc amount of the procctds multiplied by cha following fraction: (a) thc total
<br /> � amount of the sums secured Immedfately before the taking, divided by (b) the fair market value of the Propeny immediatcly
<br /> " ` before the taking. Any balance shall bc paid to Borrowcr. In thc event of a partial taking of thc Fropercy in which the fair
<br /> -.;.a �. . �
<br /> ti,k�,•�,�� muket valuc of thc Property immediatoly before thc taking is less than the amount of the sums secured immuliately before the
<br /> • taking,unlcss Borrower and Lender otherwise agree in writing or unless applicable law othcrwise pravides, thc proceeds shall
<br /> '��� � , be applied to ths sum9 secured by this Security Instrument whether or not the sums are then due,
<br /> �`*+��'�'• If the Property is abandoned by Borrower,or if, aftcr notice by Lcnder to Borrawer tt�at tlie condemnar offers to make an
<br /> �°"�� award or settle a claim for damages, Borrower fails ro respond to l.ender within 30 duys after the date the nocice is given,
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<br />-:,.�xy�;.�, Lender is authoriud ro collcet and apply the proceeds,at its nptiaL eithar to restaration or repair of the Propeny or to the sums
<br />_- � ��• secured by this Secutity Instrument,whethcr or nat then due.
<br /> , �.�;�.: IJnless Lender and Bonawer otherwise agree tn writing, any application of proceeds to principal shall not extend or
<br />=i4.-''-���a,' postpone the due date of thc monthly payments rcfened to in paragraphs 1 a��d 2 or changr.the amount of such payments.
<br /> _.•�..� 11. Borrower Not Rdaised;Forbearance By Lender Not a Walver. Extension of the time.for paym�nt or modification
<br />:,;,;,�,�,.,. of amortization of the sums s�ured by this Security Instcument granted by I..er.der to any sua;essor in interest of Bonower shell
<br />�� not operatc to rclease the liability of the original Bonowcr or Borrowcr's successors in interest. Lcnder shall not be required to
<br /> �„�rn.,-a� wmmence procadings against uny successor in interest or refuse to extend time for payment or otherwise modify amonization
<br />�ni��t: of the sums securod by this Security Instrument by reason of any demand made bp the original Borrower or Bonower's
<br />�;�`•;; successors in interest. Any forbcarana �y Lender in cxercising any right or rcmedy shall not be a waiver of or prexladc the
<br /> - ' exercisc of any right or remaiy.
<br /> ,;.;;��u � 12. Successors �tnd Assigns Bound; Joint �nd Several Liability; Casigners. The covenants and agreements of this
<br /> y'���.`_'�.� Gr�i�itv Instrument shall bied and benefit the successors and assigns of L.tnder and Borrower, subJect to the provisions of
<br /> -�=������ ua r h 17. Borrower's covenants and agramtnts shall be joint and several. Any Bonnwer who w-signs th�s Security
<br /> =�RCe�v_��� P B aP
<br /> —_ - lnstniment but doea not eaecute the No[e: (a) is co-signing this Security instrument only to mortgage, grant and convey that
<br />��-__--° Borrower's interest in the Propeny undcr the terms of this Securiry Instrument; (b)is not personally obligated to pay the sums
<br /> ��T�� securod by this Secority Iastrument;and(c)agrees that Lender and any other Bonower may agree to extend,modify, forbear or
<br /> �..�.,�,��•y� make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's wnsent.
<br /> ��,��0 13. Loan Charges. If the loan secured by this Security [nstrument is subject to a law which sets maximum loan charges,
<br /> _�_--�,� and that law is finaliy interpreted so that the interest or other loan charges collected or to be callected in connxtion with the
<br />_-_--.,��R� lou►exceed the permitted llm'sts,then: (a)any such loan charge shall be reduced by the amount necessuy to reduce the charge
<br />����°�— ro the permittod limit; and(b) any sums already collected from Bonower which exceeded permitted limits will be refundal to
<br /> —=_'"`� Borrower. Lencler may choose to make this refund by reducing the principal owed under the Note or by making a dimct
<br /> - payment to Borrower. If a rr.fund reduces principal, the reduction will be trcated ns a partial prepayment without any
<br /> �,__,,;sy�� prepayment chuge under the Note.
<br />__�„�,��� 14. Notices. Any notice to Borrawer provided for in this Security Instrument shall be given by delivering it ur by mailing
<br /> it by first class mail unless applicable law requires use of another method. The notice shall l�e directed to the Propeny Address
<br /> �.�`�'�� or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> y �-7`� Lendrr's address statal herein or ury other address Lender designates by notice to Borrower. Any notice provided for in this
<br />_�'� Security Instrument shall be deemed to havc been givcn to Borrower or Lende►•wben given as provided in this paragraph.
<br /> �—=--"��`'� 15. Governing L�w; Severability. This Sccuriry [nstrument shall be governal by fedcral law and the law of the
<br />�_a.,.,.e.:...�� jurisdiction in which the Property is located. [n the event that any provision or clause of this Security Instcument or the Note -
<br /> -�� wnflicts with applicable law,such conflict shall not affect other provisions of this Security Insteument or the Note which can be
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<br />_�,�:�:-;*� given effect without the conflicting provision. To this cnd the provisions of this Security Instrument and the Note are dectared
<br /> _ to be severable.
<br />'-..�. '. ;�i;;. 16. Borrower's Copy.Bonower shall be given one conformed copy of the Note and of this Security Insnvment.
<br />_ '. Fam 3028 9190
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