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<br /> -- ---�-�---�,� 94_ioi�34
<br /> paymenta may no longer bo roquired,At thc optiun af l.erwi�:r,ff cn�►h��Qe insurancc coverage(in the wtwunt rnd ibr the pe�iad
<br /> thrt l.ender roquircs)providod by an insur+er�pproved by l.cncfer�gdn hecamea avail�ble wd i�obtainai. Bnrrower�hall py
<br /> the premiurru requirod to mainufn mort�+�e incurar�ce In effal.cx to provide a locs raerve,until the ra�uirement for mort�a�e
<br /> inwnrxe ends in scxwrdance with any wrltten s�rament txtwocn 8onower and Lender or�ppticable Irw.
<br /> 9.impectloa. Lender or its s�gent may nwlce reawnrblc entriex upon and inspections of the Property.l.cnler�tw11�ive
<br /> Borrower notice at the time of or prior to an inspection spxifyin�re�wmable ciwse fur the in.tipection.
<br /> ---�— 10. Condenmdkn. The proceedc of any Award or cl�lm far dunagec. dircct or conxoquentiul. In cronnxtion with any
<br /> _= cu�xkmiwtlon or othcr tnking uf any part of the Prc+peKy.or for mnveyance i�liw of cc�ndemnatian, are tiercby ascigned s�td
<br /> �h�tl be prid to ixncicr.
<br /> ln the evem of�tot�l twking of the Prapeny.the pn►cceds shatl be uppliod to thc sums securod by this Socurlry In�trwnent.
<br /> whether or not thcn due. with any cxc�ss paid to Barrower. In the event af u p�utial taking of the Property In which the fuir
<br /> murket valuo af ihe Propeny immaiiately beforc tho taking is equal to or grcater than the amount of the surr�securod by this
<br /> Security Instrument immediately beforc the talcing.unless&�mawer and L.ender otherwise xgrce In wrltin�. ihe xums sxured by
<br /> -------� this Secu�ity Instrurtunt shall be reduced by the amewnt �f the praceais multiplied by the foUowing frxtiun: (a) tht total
<br /> umount of thc sums securod imnxdiately•beforc the tAlcing.divided by (b)the fair market v�lue of the Propecty immaiiately
<br /> before the tnking. Any balencc shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market vuluc of the Property immodiatety before the taking is less than the arnount of the sums securod icnmodi�tely befare the
<br /> taking,unless l3orrower und Lender othcrwise agrec in writing or unlas applicable law otherwise provldes,the prooeeds szhtll
<br /> _ be appliod to thc wms securod by this Security Instrument whethcr or not the sums are then due.
<br /> _ - If the Propccty is abandoned by 13orrower.or if,after notice by l.ender to Borrower that the condemnar offers to make an
<br /> awu�d or settle a claim for dartiases, Borrower fai►� tu rc�s{w►xi to Lender within 30 days aftcr the date ih� notice is glven,
<br /> l.ender is authorized to callext and apply the proceods.ut jts option,either ta restoration ar repair uf the Propeny or to the sums
<br /> � .. , ,_.. secured by this Securiry Instrument,whether or not then due.
<br />• •��;+-���"�'�'� � � Unless l.ender and Borrower othenvise wsree in writing. any application of proceeds to principal shall not ¢xtend ar
<br /> postpcmc the duc date af the monthly payments refcrred to in parag�aphs 1 und 2 or change the amount of such payments.
<br /> •°4�'-'.-:'"`�'-"�.= il.Borrower Not Released;Forbearance By I.ender Not u Waiver.Extcnsion of the time for payrnent or modification
<br /> � �`"=�'`.
<br /> �-��y?�,� of wnc�rti-ration of the sums secured by this Security Instrunknt grantud by I.ender to any successar in interest of Barrower sh�ll
<br /> - ,ti:`a,�:��*��•:w..�• .�3� not operate to�elease thc liability of the ariginal Borrower or Barrower's successors in interest.I..endcr shall not bt rcquirod to
<br /> " '�`� `w�w �° �' "r commence proceedings agu9nst any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br /> �'*� :�' -� • of the sums secured by �his Security instrument by rea.wn of any demand made by the original Borcower or Borrower's
<br /> " .��'�•:
<br /> •��,��• succecwrs in interest. Any forbearance by l.endcr in exercising ony right or remedy shall twt be a waiver of or preclude the
<br /> ���:��e:'av�*�G ,:
<br /> -� �--a,,�;��r C%erctx��i�uuy riy,{�i ui i2iiicdj%. `
<br /> " 12. 5uccessors and AssiQas Bound: Joint and Severnl I.iAbility; Co-signers. The covenants and�grecanents of this
<br /> Security Inrtnament xhull bind and beneftt the succesu�rs and assigns of l.rnder und &►rrower, subject to the pmvisiuns of
<br /> � � paragraph 17. &irrower's cuvcnants �nd ugrecmentti tihuU lx joint and severul. Any Borrower who ca•sigm this Security
<br /> `� . Instrun�ent but does not execute the Note: (a► i,co-signin�this Security lnstrument only to martgage,gr+nt :ux! convey that
<br /> ic
<br /> , ._ Borrower's interest in the Property uncier thc term+uf thi.r Security Instrument;(b)is not per.tionally obligatod to pay the sums
<br /> • sccu�cd by ihis Sccurity Instrumcnt;and(c)agrcc�that I.cnder and any i�thcr Borrowe�may agree to extend,modify, forbear or
<br /> ' muke any accommalations with rcgard to thc terms of thiy Security Instrument or the Note without that Banower's consent.
<br /> _ � t3. L�wn Chat�es. If thc loan secured by this Srcurity Instrument is subject a�a I:�w whicb setti maximum loan charges,
<br /> _ � unJ Q�a� law ia ftnally interpreted w that th� intcrcrt i�r��ther luan rhargr.culleeteJ or t�>he coUectee!in conneetlim with the �
<br /> , loan excceci thr pcmiittcd limitc,thcn: ta)uny.uch luan charge+halt he reduccd by thc amuunt nccetisary to rcduce thc charge
<br /> •��' tu the permitted limit:und lb)any �um.ulready cullrctcd fram &�rrow�r whid�rxrcalcd permitted limits will bc refunded to -
<br /> &ttrower. l.ende� may ch�w�e tc� m•rkr thi. rrfund Ny reducing the prinripal owrJ undrr the N��t�or by nwking a direct _
<br /> ; . paymcnt to Borrowrr. If a refunJ reducr. prin�ipal, thr reduction will he trcatcd a. a partiai prcpayment without :u�y __
<br /> , pmpapmcnt rhargc undcr thc Note. �-
<br /> 14.Notic�.Any nutirc t��B��rrowcr pr��viJed ti�r in thiti Sccurity Instrumcnt shalt tx�.ivrn by Jrlivcrin�! it ur hy mailing _
<br /> ; it hy tint clu�s mail unlc�+:►pplir�ble luw rryuirc.u�r ul'anuthrr mrthixt. Thc nuticc.rhall lx Ji�rctcJ to thc Property Address
<br /> or an�• othcr address Bc�rruwer dr�ignatcti by nuticc h� Lendrr. An�• notic� ta Lrnder �hall lx gtvcn by firtit cl�sti muil to _
<br /> Lender'.aJJrr,.stutcd h�rcin i�r any othcr adJrc,+Lender Jr,ignatr,by n��ticc to Burruarr. Any n��ticc providcd tiir in this r=-
<br /> " Sccurit�In�trumcnt shall tx d�emcd to havr t+rrn givrn t<+Burr�,�+rr ur LrnJer W�hen given•r.pravided in thi.parag�aph. e;
<br /> l;.Govcrnin� I.aH•; tie�•erability. Thi. Scrurit�� In.trumcnt .hull b� gu��rrncJ by tcdrrul law and thc law of the
<br /> � .jurisdiction in whirh thr Proprrt� i.l�k;drJ. In thr r�•cnt that any pra�•i,ian ur rlau.c uf thi.Srcurity� In�trument or thc Nntc ��-
<br /> c�mtlich with uppDcuhlc law. wrh runtlirt tihall nat attrrt�uher pr���•uion.��f thi,Srrurit} In.rtrunnnt ur Q�c Nulc which can bc
<br /> � gi�•cn rffiwt without thr canflictin�pruvision. Ta thi�cnd thc pro�•i�ium of thi>S�wurity Imtrumcnt anJ tlu Notc arc d��lurctil �^
<br /> . �
<br /> to bc.cvcrablc. _-
<br /> . + l6.&►rrnw•er'z Cnp��.Burc����er tihall he given�mr cunlonneJ cupy uf thc�utr an�t uf tlii.tiecu�it�•In,trument.
<br /> ' Fwm 3028 9190
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