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<br /> ' � puymcnts muy no lungcn c�required,nt thc uption of l.cndcr. if martgagc insurancc cuvcrugc (in thc umount und f'or thc perictd �.
<br /> , that l.cndcr requires)providul by un insurcr iipprovcd hy Lcndcr aguin bccomcs uvailublc und is oht:►incd. Borrowcr shull pay _
<br /> thc prcmium+rcquircd ta muintain mortgugc insuruncc in�ffcct, or to providc a ioss rescrvc, until thc rcquircmcnt for mortgugc _
<br /> • insuruncc endr in acciudancc with e►ny writtcn agrccmen�bctwcen Rorruwcr und L.endcr or upplicublc law. _
<br /> � 9. Inspectlon. lander or its agcnt miry muke rciisonahlc entrics upon and inspections of the Property. I.cnder shull give __
<br /> Borrowcr n��tico at thc timc of or priur tu iu� in�p�ctiun�pecifying r�u�onublc causc fur thc inspcction. c-"
<br />?'�� 10. Cc►ndemnatlon. The prcxecds of any uwurd or cluim for damages, direct or consequential, in ca»nection with any
<br />:-�•�"�� cimdenmution or other tuking of s�ny pun of the Property, or for conveyance in licu of condemnution, are hercby ussigned and _
<br />��;--�- -� �n,�n n�p��d�o t.��a��.
<br /> �� In thc cvent of u total taking of the Property,the procceds shull bc npplied to the sums sccurcd by this Sccurity Instrumcnt,
<br /> whether or not then due, with any excess puid to Borrower. In the event of a purtial tuking of the Praperty in which thc fuir �
<br />- market vuluc of the Property i►nmediutcly bcfure the tuking is equul to or grcatcr th�n thc amount of thc sunts sccured by this �
<br /> ' ' Security Instrument imrs�ediatcly before the taking,unless Borrowcr and L.cnder�thcrwis�ugrce in writing, the sums secured by �
<br /> � this Security [nstrument shall be reduced by the amount of the procecds multiplied by the following fructian: (a) the totnl �
<br /> � umount of thc sums securcd immediutcly beforc thc tnking,divided hy (b) thc fair market value of thc Property immeciiately �
<br /> . � � - before the taking. Any balunce shnll b�paid to Horrower. hi the evcnt oF a pania! taking of thc Property in which thr, fair --
<br />�' � � market value of thc Property immediatcly before the taking is lcss than the amount of the sums securcd immediatcly before the �
<br />_ �:'+�• taking, unless Rorrrnver und Lendcr otherwise ugree in writing or unlcss npplicable law otherwise provides, the proceccls shall �
<br />- " bc upplied to thc sums secured by this Sccurity Instrument whether or not the sums are then duc. �1
<br /> �"""'• If thc Property is abandoned by Borrower, or if,after noticc by Lcnder to Bonower thut thc condemnor offers to make an
<br /> uward or scule a cluim for damages, Borrower fails to respond to I.ender within 30 days after the date thc notice is given, �
<br /> -- Lender is uuthori•r.ed to collect und apply the proceeds,at its option, either w restoration or repair of the Property or to the sums
<br /> secured by this Security Instrument,whether or not thcn due. _.
<br /> ''� Unless Lender and Barrower otherwisc agree in writing, any application of proceeds to principal shall not cxtend or
<br /> � postpone thc due date of the monthly puyments referred to in paragraphs 1 and 2 or change the nmown of such payments.
<br /> ' 11.Horrower Not Reles{sed;Forbeurnnce By I.ender Nat a Wuiver. Extensian of the time f��r payment or modification
<br /> r'•�'- '` �` of amortiu►tion c�f thc sums sccured by chis Security Instrument granted by I..ender to nny successor in interest of Borrower shall
<br /> -LL. .° not operate to release the liability�of the original Borrower or Borrower's successors in interest. I.ender shall not be rcquired to
<br /> �::.,.
<br />- commenee proceedings against any suceessor in interest or refuse to extend time for payment or othenvise mcxlify amortization
<br /> �` ` ' '•C '' of thc sums secured by this Security Instrument by reason of any demand made by the originai �sorrower ur Ruuuwci'S
<br />�wefi/�Sl�,�'-�..
<br />-:�• •'r successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br />�.�:a,+,�;,����..��� cxercise of any right or remcdy.
<br />-;,f,,;u:;:,,•�; 12. Successors and �lsstgns Bound; Jotnt and Several Liability; Co-signers. The covenants end agreements of this
<br />�`�"`{ �f�``'� Securit Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions of
<br />�,�',r4;.,.�V" Y
<br />-�1�.,�.1 paragraph 17. Bonower's covenunts and agreements shall be joint and severuL Any Borrower whu co-signs this Security
<br />--���a•�..�:••= Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mongage, grant and convey that
<br />�'.�"`''" � • Borrower's interest in thc Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums
<br /> t� ;;;;�;' secured by this Security[nstrument;and(c)ngrees that Lender and any other Borrower may agrc;e to extend,modify, forbear or
<br />==��-'��•�:�� make any accummodations wich regard to the terms of this Sec:uriry Instrument or the Note without that Bonower's consent.
<br />=""`m';���� 13.Loan Charges.If the loan secured by this Securiry Instrument is subject to a luw whicli sets maximum loan charges,
<br /> �`�°`� and that law is finally interpreted so that the inter�st or other loan charges collected or to be collected in connection with the
<br /> '`�-�'~�� loan exeeed the ermitted limits, then: (a)uny such loan charge shall be reduced by the amount necessary to recluce the churse
<br />_�;.,,., p
<br />-�r.'s`�.:� to the permitted limit; and (b)any sums already collected from Borrower which exceecied!xrmitted limits will be refunded to
<br /> � "�' Borrower. Lender may choose to make this refund by reducing the principal owed under the Nc,te ur by mnking a direct
<br /> =' `� ?'` a ment to Borrower. If a rcfund reduces principal, the reduction will be treated as a panial prcpayment without any
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<br />�*' � prepayment charge under thc Notc.
<br /> - 14.Not[ces. Any notice to Borrower provided for in this Security Instrument shall be given hy delivcring it or by muiling
<br /> �'-"���±a�,: it by first class muil unless applicable law reyuires use of another method. The notice shall bc dirccted to the Property Address
<br />=3''"»":������r�, or any other address Borrower designates by notice to Lender. Any notice to Lender shaU be given by first class muil to
<br />'i� ',.-..; Lcnder's uddress stated hcrein or any othr,r address Lender dcsignutes by noticc to Borrower. Any noticc providec! for in this _
<br />�� � Security Instrument shall be deemcd to have bccn given to Borrowcr or L.ender when given as provided in this puragruph.
<br /> t I5.Governing Law; SeverabElity. This Security Instrumcnt shaU bc govcrned by fcdcral law and thc law of thc
<br /> jurisdiction in which the Property is locateci. In the event that any provision or clause of this Security Instrument or the Note
<br /> ;� conflicts with appl icablc la�v, such conflirt shall not affcct othcr provisions of this Sccurity I►istrument or thc Notc which can bc
<br /> , given effect without the contlicting provision. To this enJ the provisions of this Sccurity Instrume►it and the Note are declared
<br /> to be severablc.
<br /> � 16.Burro�r•er's Cupy. Borrnwer shall bc given unc ronformed copy of thc Notc.md of this Scrurity Instrument.
<br /> � Form 302i1 9190
<br /> P.gC4of6
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