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<br />� "��`��'��'�� � - payments may no lunger be r�quired,at the option of Lcnder,if mortgage insurance coverage(in the amount and for the period "-'�
<br /> ;��.�..?;��','�:;, that l.ender requires)provided by an insurer approved by L.cnder agaln lxcomes availablc and Is oUtained, Borrower shaU p•ay
<br />_:...:.�.,�;f,, the premiums required to maimain mongage insurance in eflect,or to provide a loss rescrve,until tl�c rcquirement far martgage _
<br /> ��i_.d,,_ • insurance ends in xcordance with any written agrecmcut between Borrower and I.cndcr or applicabie law. �..:-
<br />:;.�, � 9. Inspection. Lcnder or its agent may make reasonable cntri�s upon and inspectiona of ihc Propeny. I..,ender shall give _
<br /> -•' ' Borcower noQce At the time of or prior ta an inspection specifyiag reasonable cause for ihe inspcctlon.
<br />"`'`''�' • 10. Condemnation.The procecds of any award or claim for damages, direct or consequential, in connecNon wi[h :my �
<br /> ':�;Q'4��1 , condemnation or other tal,ing of any part of the Propeny, or f�r conveyance in lieu of condcmnation, are hrreby assigncd and
<br /> ' • sha1F be paid to I.ender.
<br />'� In the event of a total taking of the Property,the proceeds shall be appliccl to the sums secured by this Security Insiruntent,
<br /> _-� whether or not then due,with any excess paid to Borcower. In thc evcnt of a partial taking of the Property in which thc fair
<br /> - _ market value of the Property immediately before the taking is equal to or greater than thc amuunt of thc sums ucurcd by this
<br /> Security Instrument immediately b�fore the taking, unless Borrower and L,ender otharwise agrec in writing,the sums secured by
<br />;:;,��.°� - ' this Security Instrument shall be reduced by the amount of the prceeeds multiplied by the following fractiou: (a) the total
<br /> `;;:�:,� ,„� amount of the sums securod immediately before the taking, divided by (b)thc fair market value of the Prapcny immcdiately
<br /> '"�--�Y, '•.' befon the taking.Any balance shall be paiJ to Borrower, In the event of a putial taking of the Propeny in which the fair
<br />�__i�?��,' markct value of the Propeny immediatcly before the taking is less than the amount of the sums securcd immediately before thc
<br /> - � • • taking, unless Bortower and l.ender ottierwise agree in wri�ing or unless applicable law otherwise provides,the proceeds shall
<br />'='�'�1 st'�a be applicd[o the sums secured by this Securiry Instrument whether or not the sums are then due.
<br /> ����_.: t
<br />-'A^�';�: ' If the Property is abandoned by Bonower,or if,after notice by Lender to Borrowcr that tlk condemnur offers to make an
<br /> ��'� awazd or se[de a claim for damagos, Bartnwer fails to respond to Lender within 30 days after [he date the notice ic given,
<br /> �'�'�"� Lender is authorized to collcct and apply the proceeds,at its option.either to restoratian or rcpair of th�Propeny or to the sums
<br />'-'"'�`'yu i�� secural by Uiis Security Instrument,whether or not then due.
<br /> �:�?34..ia..
<br /> �'="��`"�'�� Unle�.s [.�nder and Borrower othecwise agree in writing, any application of procaAs to principal shaU not extend o�
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<br /> rs..fi_�: postpone the due date of tha monthly payments referral to in paragraphs 1 and 2 or change the amount of such payments.
<br /> I1.Borrower Not Rdeased; Forbearwnce By Lender Not R Waiver.Eatension of the time for paymnt or modification
<br /> r%�%= w� $ of amortization of the sums secuced by this Security Instrument granted by Lender to uty suocessor in interest of Borrower sh�ll
<br /> .::�t�:..,,
<br /> �� not operate to releue tht liability of the original Borrower or Borrowcr's successors in intercst.Lender shall not be required to
<br />--�.'��:rr�� commence procadings against any successor in interest or refuse to extend time for paymen[ or otherwise modify amorcization
<br /> '"'��'"r of the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower ur Borrower's
<br /> -=-`ti�� successors in intetest. My forbearance by Lender in exercising any right or remedy shall not be a waiver of or pralude the
<br /> �?�„�� exercise of any right or rcmedy.
<br /> =��--z���• 12, Sw:cessor� s�nd Assigns Bouad; Joint pnd Several Liabllity; Co-signers. The covenants and agteements of this
<br /> __W u-1 Security Instrumrnt shall bind and benefit the successors and usigns oi Lernicr auu Bi,iiowe�. sa�jc� to i.':c g�e:si�ns�f
<br /> -_-�—� _ �,�,r�graph 17. Borrower's co�enu►ts and agreements sh�ll be joint and several. My BorroK�er who co-signs ehis Security
<br /> ' ' I�stYUment buc does not execute the Note: (a) is co-signing this Security Instntroent only[o mortgage, grant arxl convey that
<br /> Borrower's int�rcst in thc Propeny under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> _,;��� secured by this Security Instrument;and(c)agreos thzt i.ender and any other Borrower may agree to eatend,modify,forbear or
<br /> -- - make any�ccoma�odations with regud to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> -`�"� 13.l.o�n Charga.If the loan secured by this Securiry lnurument is subject to a law which sets muimum loan charges.
<br /> ,,,,�_��� �nd that law is finally intcrpreted so that the interest or other loan chuga collected or to be collxted in connection with[he
<br /> -.,�� loan excad tLe permittal limits, then: (a)u►y such low charge sh�ll be reduad by the amount oecessary to reduce the chuge
<br /> -- to the permitced limit; aud (b)any sums�Inady collected from Borrower which excaded permitted limits will be refunded to
<br /> Borrawer. Leader rruy choose to make this refund by reducing the principal owed undec tht Note or by making a dircct
<br /> paYmnt to Bortow�r. If a rcfund reduces principal. the nduction will be tnated as a parti�l prepayment without any -
<br /> -- prcpaymmt ch�rge under the Note.
<br /> 14.Natica.Any naic�to Borruwer provided for in[his Securiry Instrument shall be givert by delivering it or by rnailing
<br /> �-n= =- -- it by first cl�ss mail unless applicable[aw requircs use of another meth�d.The notia shall be directed to the Propeny Address
<br /> �}��-� or �ny other addrcss Borrower daignata by notice to Lender. My notice to Lcnder shall be given by fi�st clau mail to
<br />='j+� Lender's address stated herein or any other address Lendtr designates by notice to Borrower.Any notia provided for in this
<br /> ` '':"r;;�� Securiry Gutcument shalf be damed[o have been g�ven to Bonower or L.ender whtn given as provided in this pazagraph.
<br /> �----� 15.Goveniug I.aw; SererabUity. This 5ecurity Instrument shall be govemecl by fcder�l taw and tbe liw ofthe
<br />--'-''`-`�'"`-`���1 jurisdiction in w6ich tlx Property is locatcd. [n the event that any provision or clause of this Security Instrument or�he Note
<br /> -=-u.,:.=�.,�,
<br /> ------°�—,�,� conflicts with applicable law,such conflict shall not affect other provisions of this Security Instn►ment or the Note w6ich can
<br /> -_?+�; givrn effect without the cantlic[ing provision. To this cnd the Qrovisions of this Security Instmment and the Note are declared
<br />�"l`'�`t- ' ro be severable.
<br />;���� ���; L6.Borrower's Copy.Borrower shall be given one conforrned copy of the Note and of this Security Instn�mem.
<br /> . Form 3028 9190
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