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; � . , � 99 10'70�6
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<br /> � paynunts may no longer be requued, at the opt�on of Lendor, if mongage i�nsurance coverage(in the amwnt and for the psziod
<br /> t1�et Lendcr requires) providcd by an iusur¢r approved bY i,endar again becomes available and is obrai�ed. Borrower shsli pay
<br /> tlae premiums requlred to malntsin mortgago ins�uance in effect, pr tp provide a loss reserve, unat the requiremen�for mongago
<br /> � insurance ends in accoxdance with 8ray writun agreem�nt bctween Boxzower a�d Lender or applicabie law.
<br /> 9. Inspe�on. L�nder or its egertt may make r�asonabae enai�s upon end inspxdons of ttr�T�cop�rcy. Lender shall,give
<br /> Borrower notic�flc the time of or p�ior to an inspection spec.�ying reasonabl8 cau,s�for d�e inspectioa.
<br /> � 20. Condemnation�. Thc p�occeds oP any award or claim for damages, direet or consequantial, in connecUOn with an,y
<br /> condemnarion oi o�her ta3cing uf any parc o�'the Prop¢rty, or for conveyance in Tieu of condenanatio�, ate her.eby assignod and
<br /> � shall be paid to Lsnder. :
<br /> In the event of a toutl taking of the Property, the procceds shali be applied to the sums secur4d by this Secxuiry Y�►strument,
<br /> whethes or not tl►en due, with eny eaccess paid to Borrower. In chc even�t of a partlal tsiring of 1ho Property in which the fair
<br /> ' marlcet value of tho Property immediately before the takIng is equal to or gr�ate�c than the amouM of the sums secured by this
<br /> Securiry T�ts�um�t�Sn�t►odiauly befor�rhe rslcing, unless gorrower and Lender otherwise a�r�iq writing, the:sums sec�d by
<br /> chis Securiry Inscrumant shall be reduced by the�amount of the proceeds rnultiplied by rhe fo�lawing fracqon: (a) the to�al
<br /> amount of the suuts secum.d �it�ntnediately before the raking, divxded by (b) the fair market valvo of the pxopercy immedie�ely
<br /> bofore �!►c taking. Any b9lance shail be paid to Borrower. In the even[ of a paroial taking oE tha Pro � m whi�Gh�the f�irr�
<br /> mruket value of�tho PropeRy immediately before the t�aldag is Iess than the amount of�e sums sacttred����^��e'tp(e ,
<br /> �al�ng, uakss�B�rrowGr and Lcnder atheawls� agrce in w,rit�ng or wUless applicable ]aWv othe�vise pxovides, the proceeds shall
<br /> b�applied tfl.the'supns secured by this Socuriry bnstrumc.nt whether or not the surns are the,n due. ,
<br /> If thE I'roperty is abandoncd by Borrower, os if, after notice by Lender to Borrowcr that rhe conde�nr►or offers to maice an-
<br /> award or setCle $ e�ai.m for dem�es, Borro�ver :Fails co respond [o Lender within 30 days afcer che dau rhe x�o�ce is given,
<br /> Lendex is authoriz�d to colleet and apply rh��oceeds, at its option, eirher[p�esyoration or repair of the Properc�+ or to the sumg
<br /> securtti by tbis Sc�uriry Insaume�t,wherher or not thes�due. . , .
<br /> Ui►less �.endar �nd 8orrower otheYwise agree in wrlting, any applic�uon of pzoceeds to principal shall not exter►d or
<br /> past�ona thc due;dats of thc monthly payments r�ferred to in parsgraphs 1�d 2 ar cht�ng�thc amount of such paqcnents. �
<br /> • il. Borcower Not Released;Forb�arance Br Lender Not tt Wslver, Bxtension of the tvmc for paKment or modificaaon
<br /> of amortizatibn of[he sums secured by this Securiry Inatrument granmd by Lendqr to any successor ln�terest of�orrower shall
<br /> not operate to ralease tho liabiIiry o�the original Borrower or Borrower's successors in intez�ast Lsnder shall nol be rcquired t�
<br /> commence proee.Cdi¢�gs a,geinst any succcssor im int�res� or reftise to eatend dme for paynneac or oxhetwise mo�ic�y amorGr,a�on
<br /> of the swns seciu+ad by this Secutity Instrumenc by reason of any drxnand made by the qrigiu�al Barrower or Bor�ower's
<br /> succ.�ssois in�interest Any forbearartce by Lendr,r in exrrciszag any right or r�medy shall not be a waiv� of or pxeclude rho
<br /> ex�rcise of any right ox remedy.
<br /> 1Z: Suc�esso� aac7 Assigias Bound; Joint and Several Liabilit', Co-sl�ners. The covenanls and agreements of this
<br /> SsCUCity Inatrument shall bind and bencFit the succcssors and assi�ns of I.endcr and �omower, subject to the gmv4sions of
<br /> paragraph 17_, Borrower's' covenanu and �eemenq shall be joiunt and sCveral. Any Bonower who co-signs this SeGUriry
<br /> Insmunenc but does not execute the Note: (a) is co-signing rhis gecuriry Ins�ument Qaly to mrnt�age, grant and convey thet
<br /> Bon�owex's intr.ress�n Che Properry under the terms of this Security Insoru�enr, (b) �s not person�llly obligatui�to pay dxe sums
<br /> socumd by this Sccurity Insmiment; and(c)�grees that Lende�and any othor Borrower,may agree to extend, modify; forbear or
<br /> malce nny accommodations with regard co the cerms of this Seeurity InSbument or the Noce wiChout tt�t Borrower's consent •,
<br /> �� 13.Loaa C�argea.If th�loan securod by this Secunity Insuvme�t is subjeet to a law which s��s rt�a�cim�un loan charges, �
<br /> and that law � �ally Interpreted so thet rhe intcrest or other loan ehazges eo�ected or W be collezr,ed in con�ection wi�h the�
<br /> � loan oxccr:d the percnitted limits, then: (a)any such loan chsrge shall be reduced by the amount necessary to reduce the chazge
<br /> ta the pa�mittai l�rn�t; and (b) any sums already eollected from Borrower which exeeeded pe�nrriusd limits will b�refunded to
<br /> ' �orrower. Leades �nay choose o� make this refund by reducing Che prinaipa� owcd,o�der the Note or by maldng s dinxt
<br /> payment to �orr�wear. If a rcfund reduces principal, the reduction will be rrcatcd�� as a parpial prepayment w;�hout any
<br /> prepaymer1t charge uadez th�Not�e. �
<br /> Z4;Notices. A,py nodce to Borrowar provided for i� this Sec�u�ity Insrrumient shall bo givcn by.delivering at or by mailing
<br /> it by first class mail�unl�ss a�plicable Iaw requires us�of anorher n�ethod. The nodce shall'ba directed to'thc Property Address
<br /> or any othar address �o�crower d�,signates by nodce to L�nder. Any notice �o Lender shall be given by fusc class mail to
<br /> Lender's address 'stacod haoin�or any other addrn,ss Lender designa[es by natice W Borrower. Any nobiCe providai for in �his
<br /> Security Instrumea t s'hall bo deem�d to have bcen gfven co Bon�ower or Lender whea given as provided in th9s pa��agraph.
<br /> 15. Goveraing Law; Severability. This Secwity Insp'ument shall be goverued by ;federal law and the�law of the
<br /> jurisdicvon in whleh Che Property is locaud. Yn rhe cvenc that any provision or clause of this Sccuxity Instrunnent vr the Note
<br /> conflicts wi�►app�icable law, sueh conlliet shall not aFfxt other provis9uns of this Seeuriry Insl�vment ar ttxe Note which cen,be
<br /> glven effect without r}u cotaflicdng provision. To this end the provisioes of diis Security �nstrumem and the Not� are declared �
<br /> to bo severabk.
<br /> 16.$orrower'�CoPy- Borrower sha11 be$Iven one confomROd copy o;f the N'ote and of chis S�cur�ty InsnumonG
<br /> Ro►m 3028 9190
<br /> ��BRIN EI i92�2i.o� a�o�o�e ,., iNd��:�'�
<br /> MFN�3111-02/y7 �p�
<br /> ' i0264680 �VV�
<br /> V'd � 6Z6'ON J.lIf103 �13Sf1dH213�13M Wti8Z:6 666ti'Sti'Ndi'
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