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<br /> , paym�nt+muy nu lungcr bc rcyuircd. ut thc nption of Lcndcr,if mortgagc in,urancc cuvcragc lin thc.unount iind f'or ihr periixi �'
<br /> �'` lhat Lcndcr rcquireti) provided by un insurcr uppruvcJ hy L.cndcr uguin hccnmcs avuilablc und is obtaincd. Borrowcr shall puy �.,�
<br /> � thc prcmiutm rcquired i�,muinlain murt�;ugc irnuruncc in cffcct,c�r tn pruvidc a lo„ rc+crvc, until thc requiremcnt for m��rtgugc �
<br /> inxuntncc cr�dti in nrcorduncc with any written ugrcemcnt betwccn Borruwcr und l.cndcr ur upplicublc I��w. �„
<br /> �,,,,,,:r7 9. Inti�tectfon. Lcndcr or its ugent may mukc rcusonublc cntrics upon and intipcctic�nz of thc Properry. L.cndcr shull bivc
<br /> �,,,M.. I3orrower nutice at thc time of or prior to an inspection specifyir.g reusonuble ca�.►se frn•the inspection.
<br /> 1Q. Condemnatlon. The procr.eds ot any awurd or claim for damabes, direct or consequentiul, in connection with any
<br /> ccmdemnation or other taking of any pan ��f the Properry, or for conveyance in lieu of condemnation. are hereby assigned und —
<br /> . � shall bc puid to I.cndcr. �
<br /> '� In thc event of u total tuking of the Property,the proceecls shull be applied to the sums secured by this Security lnstrument.
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<br /> � whcther or not thcn due, with any exccss paid to Borrower. In thc cvent of a partial tuking of thc Property in which thc fu�r _
<br /> �' market value of the Property immediately befarc the taking is equal to or greater thun the amount of the sums secured by this
<br /> Sccurity Instrument immediatcly beforc the taking, unless Borrower�nd Lender othcrwisc ugrec in writing, the sums secured by _
<br /> ` this Security Instrument shall be recluced hy the umount of the proceeds multiplied by the following fraction: (a) the total
<br /> amount of thc sums sccured immcdiately before the taking, divided by(b)Uie (air murkct value of the Property immediutely _
<br /> " before[he taking. Any bulunce shall bc raid to Borrower. [n the event of a partial taking of the Property in which the fair L
<br /> . murket vnlue of the Property immcdiately beforc the taking is less than the amount of thc sums secureci immediately betbre the
<br /> � taking, unless Borrowcr und Lender othcrwisc agree in writing or unless applicable law othcnvise provides,the proceeds shall
<br /> be applied to the sums secureci by this Securiry Instrument whethcr or nut thc sums ure then due. �_
<br /> ' If the Property is abundoned by Borrowcr, or if,ufter noticc by i.ender to Borrower that thc condcmnor affcrs to make an _-
<br /> awurd or sctde a claim for damuges, Borrawer fails ta respond to Lcnder within 30 days after thc date the notice is given, _
<br /> Lender is uuthorized to collect And apply the proceeds,at its option, either ta restoration or repuir of thc Property or to the sums
<br />� `��, secured by[his Securiry Instrument,whether or not then due. _
<br /> � Unles� Lender and Borrower otherwise agrce in writing, uny application of procce;ds to principul shall not extend or
<br /> � , postpone the due date af the monthly payments referrecl to in paragraphs 1 and 2 or change the amount of such payments.
<br /> -`'t � 11. �orrower Not Releascd; Torbcarance By I.ender Not a Wafver.Extcnsion of thc time for payment or modification
<br />-. ------� oi am��riiuiii��i uf ihc suirs�c:.urcc!b;th:s SL'^�1Ttl�Inc�rnment eranted by I.ender to any succcssor in intcrest of Borrowcr shall
<br />_ ' not operate to release thc liability of the original Borrower or Borrowcr's successors in interest, L.ender shall not be reyuired io
<br />° commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti:ation
<br />' ' " of du sums secured hy chis Sccurity Instrument by reason of any demend made by thc original Borrower or Borrower's -
<br /> succcssors in interest. Any forbearance by L.ender in exercising uny right or remedy shall not be a waiver of or preclude the
<br />�'•� cxercisc of any ri�ht or remedy.
<br />�� . , , 12. Successors and Asslpns Bound; Joint And Several L[abtllty;Co-si�ners. The covenants und agreements of this
<br /> ;,. ',(, Security Instrument shull bind and beneCt the successors and assigns of Lender and Borrower, subject to the provisions of
<br />}r.. • . paragrnph 17. B��rrower's covcnants and ugreements shall be joint and several. Any Borrower who co-signs this Securiry
<br />� Instrument but doex not execute the Note: (a) is co-signing this Security[nstrument only to mortgage, grant and convey that
<br />''� �� •' Borrower's in!crest in the Property ander the terms of this Security Instrument;(b)is not personelly obligatcd to pay thc sums
<br /> +'`","'�;. �� secured by this Security Instrument;and(c)agrees thut L,�:nder and any other Borrower may ugree to extend,modify,forbear or
<br />-'"�'�`''- � make any accommodations with regard to the terms of this Security Instrument or the Note without that Bonower's consent.
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<br /> •...«„R,,; 13. Loan Charg�. If thc loan secured by this Security Instrumcnt is subject to a law which sets maximum loan charges,
<br />-~' �� � = ar.d that law is finally interpreteci so that the interest or other loun chur�es collected or to be collecteci in connec:tion with the
<br /> _ ° loan exceed the permitted limits, then: (n) any such loan churge shall be reduced by the amuunt necessary to reduce the charge
<br />- to thc permittcd limit: und (b)any sums alrcady collectcd from Borrowcr which excceded permitted limits will be rcfundcd to
<br />- � •"� '�s Borrowcr. Lender may choose to make this refund by reducing the principal owed under the Note or by making 1 direct
<br /> -� - ' payment to Borrower. If a refund reduces principul, the reduction will be trexted as a partial prepayment without any
<br /> _-_ --N���.�•�•_ prepayinent chargc undcr thc Note.
<br /> - 14.Notices. Any notice tci Borrower provideci for in this Sccurity Instrumcnt shall be given by delivering it or by mailing
<br /> _ �`� � . it by first class mail unless applicaMc I.nv requires use c�f another method.The notice shall be direeted to the Property Address
<br />�' x or any other addres, Borrower designates hy notice to LenJer. Any nmice tc� Lender shall he given by first class mail to
<br /> � I.cnder's address stutcJ hcrcin��r any c�thcr uJdress Lendcr dcsignatcs hy noticc to Borrowcr. Any noticc providcd for in this �
<br /> " �' Sccuriry Instrwnent shall hc decmcd to havc bccn givcn ro Burrowcr or Lcixicr whcn given us providcd in this paragraph. -
<br /> - i I5.Governing I.saw; Severability. This Sccurity histrumcnt shall hc govcrncd by fedcral luw and thc law of the
<br /> jurisdiction in which the Praperty is lacateJ. In the event that any provisiun or clause of this S¢curity Instrument or the Note
<br /> - conFlirts wieh applir.ible law,sunc�ontlict�hall nc�t affect other provisic�nsuf'this Security Instrutnent or the Note which ean be -
<br /> _ givcn cffect without thc�ontlicting provision. Tu thiti end the provision�of this Securiry Instrument and the Note are declared =
<br /> to hc scvcrublc.
<br /> . 16.Borro��•cr's Cupv. Borr��wrr shall bc givcn unc conf'orntcd�upy ot'thc Notc and ut'this Sccurity Instrument.
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<br /> Form 3028 9190
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