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<br /> pny�ncntN may�to Icvigcr�c rcquiec�l,at thc ap4lon of L.cnder.if mort�nIIe insnn�ncc c�ven►Ba(in thc wnaunt and for tho perfod
<br />���m'�� ` thnt i.c�tdcr rr.guiecs)pi�avtded by un insurer upproved by Lender ag�in becomes uvuituble nnd iK obutined.�arrower shall puy .
<br /> -- '�"� tho prcmium.9 reyuired to mnintain�nongage insurunce in effect,or to provide u loss reservc.until the requirement for monguge �
<br /> �`�� c'"`� insurnnco ends in accordanoe wtth nny written Agreement between Borrower und Lender or appliccible Inw. ,
<br /> ._..,.:;a�:n_
<br /> _ 9. Inspecltoa. [xnder or its agent mny meke reasonctble entdes upon and lnspestions of the Property. L.ender ahall give �
<br /> '�""""`'� Boreawer ttotice nt the time of or prior to an inspaction specifying reasonable cnuse for the inspe�:uon. � ,
<br />-���t� 10. Contlemnadon. '�ne ptoce�da of any awerd ur cla�m foe demages, direct or wnsequcntiut. in connecdo�with any
<br />�-_-�r� condemnation or other taking af any part of the Property,or for conveyance in lieu of condemnation. are hereby assignad and �
<br /> __=�,._. shall be paid to L,ender.
<br /> �� In thc event of a total teldn$of the Property.the proceeds shall be applied to the sums secure�by this Sxuriry Inshument. �
<br /> :�� whether or aot then due, with any excess paid to Borrower. In the event of a partlal taking of the Property in which the fair
<br /> _ ° market value of the Property immediately before ti�e taking is e�ual to or greater than the amount of the sums secured by this
<br /> --=�' Security Instrument immediately before the talring.untess Borrower and Iznder otherwise agrec in writing,the sums secured by �
<br /> .•� this Secudty Instrument shall be reduced by tho amount of the proceeda mult[plied by the follawin� fraction:(a) the Wtal
<br /> ,��:�� amount of the sums secured Immediately befon the taking,divid�ed by(b) the fair market value of the Property immediately
<br /> '� before the taking. Any batauce sl�all be paid to Borrower. In the event of a partial taking of the Prnperty in which the fair
<br />=•�"> ��>;� market value of the Property immediately before the tekIn�is less than the am�unt of the sums secured Immediately before the
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<br /> �:�:��;�°•` takin�,unless Borrower and Lender othenvlse agree In writing or unless appllaeble law otherwise provides, the pmceeds shell
<br /> __ __ __ = he applied to the swns secured by this SecurIty Instmment whether or not the sums are then due.
<br /> If We Properiy is abandoned by Borrower,or if.after notice by L.ender to Borrovrer that the cundemnor offers to make an
<br /> -`'=� award ar settle a clafm for damages. Borrower fails to respond to I.ender wIthin 30 days after the date the aodce is given,
<br /> °°°^«x� Lender la autho�to collect tu►d apply the pmceeds,at its optioa.either to restoration or repair of the Propzrty or¢o the suins
<br /> serureci by this Secu.rity Instmment.whether or not then due.
<br /> Unless L.ender and Borrower otherwlse agree in wriflng, any applic�don of praceecls W prInci�a!shaU ant Pxtend or
<br /> — postpone the dne date of the monthly paymea4s tefemed to in para$raphs 1 and 2 or changb the emount oti such payments.
<br /> -; � 11.Borrower Noi Relesse�l:Forbearanoe By I.ender Not a WWver.Extension of 4he time for payment or madificaHon
<br /> 1
<br /> �'�:�� of umortization of the sums secqresi,by this Secudty Insuument granted by Lender to any successor in interest of Bor�o�ver shall
<br /> ' not operate to release the Uabiliry of the origir�nl Borrower or Borrower's sucte.ssara in Intere,vt.Lender stiaU not be re�uired to
<br /> � commence procee�inge against any successar ip inte,rest or refuse to extend time for payment or otheiwise modify emortizetlon
<br /> � of the sums securcci by this Secxuity Insuume�t by reason of any deln�ncl made by the orIginal Borrower or Bozrower's
<br /> y't%` successois in tnterest. Any forbe�rance by I.ender in exercis�ng any right or remedy sa�aia noe be a waiver o£mr��nm�tuua t�ic
<br /> :,:.., • . .,.
<br />;:3.�i • ezercise of an,y rlghi or remedy.
<br /> , 12. Suooessors and Asslgns Bonnd; Joint.and �everal Lia6311ty; Co�signers. 1&e oovenants�and agreements of thls
<br /> Security Instiument shall bind and benefit tl�a successors and asslgas of Lender and Bonrower, subJect to the provi�tons of `
<br /> paragraph 17. Borrower's covenants and agrcements shall be joiat and severai. Any Borrower who co-sfgns this SecurEty
<br /> Instnuneat but does aot executa the Note: (a)is casi�JaB this Securiry Ynsuu�ent only to mortgage. grant nnd convey that
<br /> Borrower s interest in the Property wader the terms of this Securlty Inst�ument;(b)is not pe�sonnlly obliguted to pay the sums
<br /> socured by thta Securlty Ynsuumenr.and(c)agre�s that Lender and any other�omovrer may agree W extend. modify.forbear or
<br /> make any aocommodations wIW regard to the terms of thts Security Iastrument or the Note wlthout that Borrower's consent. -
<br /> 13.Loan Charges.If the loan sacured by thia Secueiry Insuuraent is subject w m law which sets maximum loan charges,
<br /> and that law is fiaally interp�so ihat the interest or other loan charges oollectod or to be oslQ�in conn�iun wtth the
<br /> !wm excecd the permitcod limits.then:(a)aay such loan charge shaU be reduad by the smouat neoessary to redux the cherge
<br /> � to tha permiued iimit:end(b)eny sums au+eady oollected from Honower w}uch exoeede�permitted limits wlll be refunded to .
<br /> " Borrower. I�ender may choose W make ttus refund by reducing the prindpal owed under the Note or by making a di�ct
<br /> - paymem to Borrower. If a refund reduoes priacIpal. the reduction will be treuted as a pacHal Prepaymem wlthout any
<br /> . pregayment charfte upder the Note.
<br /> fa.Notices.Any notice co Borrower pmvided for in tbis Security Insttumem shall be given by delivering it os by mailing
<br /> tt by 6rst class mail unless applicable law requic+es nse of another method.The aotioe shall be direrted w the Property Addtess
<br /> or nny other address Bormwer designates by�cotIoe to Lender. Any notioe to Lender shall be gjvea•by �CSt class mail W
<br /> -- --.--- �n�ter�c address state�herein or am mther address Lender designates by notioe to Bonower.My noiice providod for in this ° ;
<br /> - : �ty t�.ast°�!' �sls��!t4 have!�a olven to Rmm�wer or Lender when give�as prnvlded in this palaRr'dUh.
<br /> � 15.Governing Law; 5everability. ?hia Security Iosnumem shall be gover�¢ed by federal law and thc. law of the
<br /> ,t jurlsdiction in w6ich the Property is located.In the eveat that any provision or clause of tlils Secvrity Instrumenr or the Note
<br /> �;�, cantUcts with applicable law,such conflict sball aot affect other pmvisions of this Security Tnsuument:or the Note which can be_�
<br /> ".+ • givea et�'ect wtthout the uonflictiag provision.To this end the provisIoas of this Secuxity Instcament and the Note are declared
<br /> .:' to be severable. '
<br /> _����;
<br /> ���;.� 16.Borrower's Copy.Bon+ower shaU be given oae eonformed arpy o�f the Note and of t}ds Secwity in�+�++�+t.
<br /> --_ � Form 3028 9150
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