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<br /> .� 'x f ��=r<� s�-' payu�ent�may no lenger be reqteiied,at tfle option of Lender.if mortgage iasuraace coverage(in the amount and for thc periad °
<br /> -*�*°r°�,�£< •�'�:�`°:.,'` , that Lender requires)provided by an iasurer approved by Leuaer again bea�me,c available and is obtained. Borrower s6all PaY :�`;;;�;;.�",
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<br /> * `,;'� �r `-; `:•r �P����4uired to mainbin mort�ge insusaoce in effecE.or to provide a loss reserve,unti!the reqnirement for mortgage � t ��-4 :
<br /> - • :U' ingu�ance ends in acrnrdance with any written a�reement bet�+reen Borrower and I.ender or applicable law. ' `
<br /> , '`� '� .� 9.Iaspection. Leuder or its agent may malce reasonable eutries upon and inspecrions of the Praperty- Lender shatl give , '� �, ..
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<br /> •_,. Borrawer natioe ai tttz time of or prior to an inspection specifying r�nabte cause for the iaspestion. �`:�,<.,
<br /> �, �� .T-�="� 10 Coademnat?�n.The proceeds of an,y award or ctaim for damages. direct or oonseqaential. tA WIlAECUOR Witll Blly <<. �5��,.: .
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<br /> ''•` . coademnatinn or other taking of asiy part of the Property,qr for conveyance in Fieu of candeamation,ane hereby assigned and � .. .
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<br /> ` °�;�' shall be paid to l.ender. "` :
<br /> ;.a�:, ''�� `` �IA the event of a tAtal taking of[he Property.dte pmceeds shall be applied to the sutns secured by[his Secerrity Instrumeat, � :,� :.
<br /> � � �;� whetfier or mt then due.with any excess paid to Borrower• In the event of a partial taking.of the Property in which the fair � .
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<br /> � .� �,.-;�+r-v �: market value of the Propercy immediately before the taking is equal to or greater than the anwuiu of the sums secumd by ttus � ,� ;
<br /> ;'�,`. � r..� Security Instrument immediately before dte talang.uniess Borsower and I.ender ot6erwise agree in writing.the sums secured by .�`•
<br /> � �:.•: this Security Inswment shall be reduced by the atnount of the proceeds snuitiplied by the following fi�ction: (ay the wtal � ';' '
<br /> � ��, � 4 -- � ,.-: aatount of the snms seatred imme@iately before the taking.divided bY (b)the fair warket vaWe of the Property unmediately � ;
<br /> ' ' before the taking. Any batance shall be paid w Borrower. tn the event of a parcial talcing of the Propecty in which the fair � �° �
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<br /> '� . market value of the Property immediately before the taking is less than the amount of ttre sums secured itnmediately before the °=:
<br /> � , }F taking:nnless Borrower and l.ender othecwise agree in writing or uutess applicable law atherwise provides.the praceeds st�at! 4� '
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<br /> � � °: be applied to the swns secured by this Security Instnunent whether or not the sums are then due.
<br /> .,4�;.. _ : lf the Property is abandoned by Borcower.or if,after nouce by L.ender to Borrower that the wndemnor offers to make an � �f�
<br /> � ;:`� �'' _ �3�. award or settle a claim for damages. Borrower fails to respond to Lender within 30 days afier the daie the noiice is•given.
<br /> ° ' Lxnder is authorized Us wllect and apply the proceeds,at its option.eitFter to restoration or repair of the Property or to t6e suws ''°
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<br /> r''`,: � ' s�c�ued by this Sewrity Ia�aument.whether or not then due. �
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<br /> Z``.;`�.`` .� `'i Unless Lender and Borrower otherwise agree in writing. anY $PPlication of proceeds to principal shalt aot extend or -N
<br /> R f { postpoae tite due date of the monthly payments referred to in paiagrephs 1 and 2 or change the araount of sucb payments.
<br /> ;. .�.,Y . ..:.s:°,�'� 11.Borrozver Not Released:Forbearance By l.ender Not a Waiver.Exteasion of the•time for paymem ar modiScation ::,
<br /> - ' of amo�tization of the sums secured by this Seruriry h�strvment graated by Lender to any sncce.csor in interest of Bormwer shall ,�F''
<br /> f : F . " not aperete to retea.�e the liabitity of the originat Bomawer or Barrower s successors in interest.l.ender shail not be req�irea w `�^_
<br /> , , c:,,;:.' ����p����ag��y successor in interest or refuse to extend time for payment or otherwise modify amortiz�tion • �
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<br /> ,�,• -__--_�.: `•,.�..�'•s: of the sums sECUred by this Security Irutcwnent by �eason of any demand made by the origina! Bonower or Bonower's _ _.•;�.
<br /> � � � sucsessors in interest. Any forbearance by'Lender in exercising any rigfit or remedy shall not be a waiver of m pc+ectude ihe �r~ �_
<br /> �` ` � exencise of any ri$ht or remedy. "
<br /> _ r . r `., �:;�t-._
<br /> >•. . " !2. S�roes9o�s aud AsgSgos Boua� Joint aQd Severa! Liabiltty;Co-signers•The cavenant�and agrcements of tl�s r
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<br />�;:;:;, '� ����;'� .....�. Securitv tnstrument sha}i bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of :: °=:�__
<br /> � • paragraph 17. Borrower's covenants and agreements sball be joint and sevetat. My Borrower who co-signs this Security '�`�
<br /> ` � Instnunert but daes aot execate the Note: (a)is co-signing this Security Instnunent only to mortgage,grant and convey that ���• ,�,���;
<br /> ;-_;;�,:� �. ''''�'.'.� Borrower's interest in the Property under the teims of this Security Instrumen�(b)is aot personally obligated to pay the sums � ; '.:r;.'.'=.
<br /> '.' k�`=" . �� � securai by this Security Insuument:and(c)agrees that C,ertder and any other Borrower may agree co extend,modify,forbear or _ _-
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<br /> ���' '' .� �. , ,� make any accommodaaons with regard to the termg uf this Security Insuument or the Note without that Borrowei s consent. �
<br /> "`�. '� ,�, .`:.: ," � 13.Loatt Chazges.If the loan secured by this Serurity Instrument is subject to a!aw which sets maximum loan ctiarges. -�•,+:-,�
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<br /> •-;#,: ,.. • ' •-� and that law is finally interpreted so that the interest or other toan charges coltected or to be rnlIected in connection with the
<br /> :��."' . • . `:i _ .;. loan exceed the permitted limits. then:(a)aay such loan charge shaU be reduced by the amount necessary to reduce the charge `f'�'. : .�:
<br /> ` � t � � ' ; to the permitted limit:and(b)any sums already wllected from Borrower which exceeded permiued limits will be refunded to r•
<br /> �-•-'� . �'"'• Borr�wer. Lender may choose to make thi� refund by reducing the principai awed under the Note ot by making a direct ��h =
<br /> � � , � �� paymem to Borrower. If a refund red�ces principal, the reduction will be treated as a partial grepayment without any
<br /> � .� prepayment.charge under the Note. ' �: ;
<br /> - ��';;', �-'��--� . 14.Notices.Any nodce to Borrower provided for irt this Security Instnunent shatl be given by deliveri�it or by mailiug .r,:` '. ;';;.
<br /> ,��: �• �. ' ' it by fiist ctass mail unless applicable law requires use of another method.The notice shali be directed to the Roperty Address - .
<br /> ''��,'•'�°'• ; or any ot6er address Borrower designates by nutice to Lender. Any notice to Ixnder shall be given by first class mail to
<br /> ".-�+'+�;J•' ,�, `�'• �,',';, ,.'- .., Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Insuument shall be deemed to have been given to Borrower or Lender when given as provided in this para�raph. �
<br /> ,�`;:��' , . • 1S.Governing LBw; SeverabUity. This Security Instrument shall be govemed by federat law and the law of the .
<br /> E� . . . .: ''' jurisdiction in which tHe Property is located. !n the event that any provision or clau.se of this Security Instrument or the Note
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<br /> ' � �' ' eonflicts with applicable taw,such conflitt shal!nat affect other provisions af thi�Security Instrument or the Note which can be '
<br /> ..'j:,��: ;. � '� �- �...� given effect without the conflictin�provisinn.To this end the prbvisions of this Security Instrument and the Note are declared - .;�� ,''
<br /> .Lr .=_ � . • to be severnble. .
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<br /> •y:.; . . � 16.Borrower's Copy.Borrower shall be given one wnformed copy of the Note and of this Security Instrument. �
<br /> �.. �'•'�•• � . Form3028 9190
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