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<br /> ' puymcnte mny no lonIIer be requircd, at the optian of i.endcr, it mort�age inaurance covern�e(!n the umount und�or the perlod . ;
<br /> thut l..ender requiren)provided by an inaurer upprovcd by L.endar nguin becomea avuilable und is abtuined. Borrower ahall pny
<br /> the premiums requlred to malatuin mortguIIo inaurance ln effect,or to provide u losa reserve,until the requiremc�t for mortIIage
<br /> inauranco ends in accor�ance wlth nny written uBreement tretween Borrower ond Lender ar Applicuble law. .
<br /> . g. Ins�cc4lon.l.cnder or its aBent muy tnuke reusonnblo entrics upon and inspections oY the Prapeny. L.ender shNl give .
<br /> Borrower notico nt the time of or prior to an lnspection apecifying reusonable cuuse for tbe insgection. j��-�'
<br /> " 10. Cond��timp�lon. Tiic proceeds of any awatd or slnim for damn�ea, direct or consequenttnl. ln rtonnectton with any �
<br /> ", condeu�nutlon or other taking of any part of the Properry. or for conveyaace in lieu of wndemnation. ure hereby nssigned and ...;__�,:
<br /> ^ ° ahnll be pafd to L.ender. . � :
<br /> - "�.�' Ia the event oY a rotal takirig of tho Property,the proceeds ahall be applfed to the suma secured by thia Securlty Instrument, a_!�
<br /> °•-+ whether or not then due, wlth anY excess patd to Bonower. In the event of a parcisl taking of the Properry ln which the fair ,.;�o
<br /> ,; . mruket vuluo of the Property immediatoly before the taking is cqual to or greater than the amour.c of the suma secured by this ;:..°'
<br /> Security Iustrument immcdiately before the taking,unless Borrower and Lender otherwise agree i�i writing,the sums secured by ��_
<br /> • . this Securityr lnauvment shall be reduced by the amount af the proceeds multiplied by the following frncdon: (a)che rotal �,ti,,,`-
<br /> • amount of tho sums secured immediatcly before the taktng, divlded by (b)the fair market valne of the Property im�aediately :^
<br /> .;R.� b e f o r e t he takln II. An Y bala�►ce shall be paid to Borro�ver. In the event of A parcisl takinB of the Property in which the fair _�,:.�
<br /> �,���l1,� market value of tho Property imiuediately before the taking ia less thnn the unount o f t he sums secur e d i m m e d i a c e l y b e f o r e t h e _ c,,:^�
<br /> 't�,' taking, unloas H�orrower nnd Lender otherwise agree in wdting or unless applicable law othervisa provides, the proceeds shatl �:.;.w:
<br /> 's��
<br /> :;, ?; be applled to the suma aecured by this Secudty Instrumcnt whether or not the sums are then due. ,,f��;,,- -
<br /> � `� �r If the Pro�uctY is abandoned by Horrower.or if,nftor notice by I..eader to Borrowor that the condemnor offers ro crnuke an _�,.__,,,:
<br /> ''-�,r':'t� award or settle $cluim for daraages. Banowor fails to respond ta L.ender witt�ln 3Q days after the date the notice ts given, y,t;--..
<br /> ' ,;�-��� �.
<br /> "• �' ° ' Lender Is authorized to collect cwd Apply tbe proceeds,at its opt9on,either to restoratlon ar repair of the Property�r ro the sums
<br /> secured by thia Srxuricy lnsuument,whethor or not chen due. �
<br /> � � ��''� Unless l.endor aud Borrower otherwtse ugree in writing, any applicatlon of proceeds to principal shnll not estend or �;_'`.`�
<br /> • °'.;� postpone tho dua dnte of the moathly paymoata referred to in paragraphs 1 und 2 or change the amount of such paymeats.
<br /> 11.Bormwcr Not lLelemsedi Forbearonce By Leader Not a Wuiver.Estension of ihe time for payment or modificatioa �;�__""
<br /> ` ' of amortizatton of�t&e sums secuted by thia Secudty Instrument granted by Lender tu aay successor in tatereat of Borrower shull �.'_=
<br /> �� aot operato to relen�o tho liabiliry of the oriQinal Borrowor or Borrower's successors In lnterest.Lender ehull aot be ceqtsired to �;�.
<br />- • , a� co m m e n c e p m e�edin IIo n Sains�nn Y$uccessor in lnterest or relUse co extend time for payment or otherwiae modify amortization =
<br /> � af �he sums aecur�ed by this Security Instru�nont by renaon of any demnnd madr. by the originnl Bonowcr or Borrowec's
<br /> ' �q( - BLLCCCBSOfB tIl IAi0t6'nI. Any far�ararsce!s;L�dEr !ts^!�"n'4aing nny riQ�ht or rcmcdy edull not bo u watver of or prccludo the
<br /> 7 eaer�lae of any right�r remedy. -
<br /> "� 12. Sucoassore and Asslgns IIoundi Joint und Severul Liobittty; Co•sigacre. Tha ceveaoats und ngreements of thia
<br /> " Securlry Intitru�nont shall bind and beneftt the aucceasora und o8signa of Lender and Borrower. subJect to tho provlsions of
<br /> • parngruph 17. Aorroarer's wvenants tind ugreemeats shall be joint nttd several. Any Bortower who co-sigas this Security —
<br /> ' Iasuument but d�ea not execute the Note:(a3 !s co-st�aing thla Secudry (nstrument only to mortgage, grnnt and coavcy that
<br /> ' Borrnwer's interest in the Property under the tcrma of this Secudry Insuument; (b)is not pereonalty obligated to ray the sutas
<br /> ;� secured by this 3esvrity[nstNment;aad (c)ngrees that Lender and eny otber Borrower mny ogree to extead,modify,forbenr or -
<br /> , ;_ m�tce snty accommndutions with re8ard to the terms af this Secu��ity Instnunent or the Note without that Bonowex's consent. e'
<br /> • 13.Laoa�d:�rges. If thc loan secured by this Securtty instrument is subject to a law which sets maaimum toan chargea� __
<br /> aad that law is Rnnily interpr�ted so that the interest or other loan charges collected or to be collected in connection wIth the _-�-
<br /> •i�� .��' • .•� , l o a n e x c e e d t h u Q a r m i t t e d I i m l t a,t h ea: (a)an y such loan charge shalt be reduced by the amount necessary to reduce the chtuBe �
<br /> �; . ..:..::,
<br /> ,..:. �: ;,�},_.,• to the permitted liult;and(b)enY sums nlready wllected fmm Horrower which ex c e e d c d pe r m i tt t d l i m i t s w ll l b e r e R t a d e d t o
<br /> ' ,W��:�-•_:�:,, . pa}m ntrt Borru�ecY if a�:efund reducese prfac puly the red ccion w111;be ueated asea purti�l t�reP yra�n�t withou�y =..
<br /> , .1,�. , , � -_
<br /> � �• :: prepayment churgn uader the Note. _
<br /> �,�:' Y4.Notican.Any notice to Bonower provided for in this Security Instrumeat sball be given by dellvering it or by ma�liag � -
<br /> ' tt by first cloas mail ui+iess applicable law cequires use of another method.The notice shall be directed to tbe Property Addresa �._
<br /> •:,[. , • �.:
<br /> or any othur nddc�.�s F�orroa+er designates by notice to Lender. Any notice to Lender shail be gtven by tirat clasa muil to r„o.,.
<br /> 45.
<br /> {,., �-,_.�� Lender's uddr�s stated herein or auy other address Lender designatea by nodce ta Borrower. Any nottce provided for in this �
<br /> -''%,;�•� �� Securi¢y lastrumont shall ba deemed co have beeu gtveu to Bocrawer or Leader when given as provided fn this paragraph. F,� :
<br /> �``�•�.�:� ' U 1S.Governing Law; Severaibllity. This SecuritY lnscrument st�aU be gavcmed by federal 1nw and the law of the _-
<br /> ` �� ._
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<br />_�c- � . ,� jurisdicdon ia wh{ch the Pcoperty is located. Iu the event that any�proviaion or clause of thia Securiry insuument or the Noto �.
<br /> �' t ' �� conflicts with npplicable law�euch conflict ahall not affect other provisions of thia Secudty Instrument or the Note wbich can be �`�
<br /> ' .. ,�: given efPeat without the conflicting provision.To thts end the provistons of this Secndry Ineuun►ent and the Note ace declared :�;-_
<br /> �� to bo severabla. ``T
<br /> - � 16.Barro��er's Copy.Borrower shalt be given one conformed wpy af che Note and of Wls Sccudty Instrumept. _
<br /> , , • Form 5020 9190
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