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<br /> - -���—�° paymenta may no langer bo requircd,at the aptian of I.ender. if mortgngc insurnnce covcmgc(in tho amaunt nnd Fur the perlad
<br /> ---���'�-°—�=�� thut l.ender requirea)pravided by an insurer upprovcd�y[.cndcr again bccc�mcy nvnilnhlc und iA abtaiacd. Borrower shall pay �,�____
<br /> the prerniums requirod to maintuin mortguge Insurnnce in effert,or to pravide u loss rescrvc. untH the requiremcnt far mortguge -
<br /> - - insurance ends in suordance wlth any written ugrcement betwcen Borrawer and l.cnder ar appllcmble luw.
<br /> - 9. InApecNon.Lender ar itR agent may muke�onuhle entries upon and inspcctiona of the Praperty. l.cndcr shall givc
<br />_ - - --- Barrower noticd at the time of ar prior to an inspectian tiptxifyjng crun�nabl�caus:,far thc in�pcctian. ---� -
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<br /> " ��' .•�W 10. Condemnatian.The proceeds of any award ur daim far dumage.g, direct ar cUn�;equential. in connectlon with any
<br /> - condemnution ar other taking of uny pnrt af the Property.ur fur cunveya�ece in lieu uf cundcmnstian.are hereby ussigned und �-
<br />_" shall be putd ta I.ender.
<br /> � -'" ,;�, In the event of a total takins af the Property.the praceeds shull be upplied ro the sums securod by thig Securhy Instrument,
<br /> �.���.;�,,` whether or not then due. with any excess paid to Borrower. In the event af a partial taking af the Property!n which tho fair
<br /> �•' �`"�''�:"%";"'��- market valuc af the Pro rt immediatcl before the takia is ual to or mmisstcr than thc umount of the sums recured by thia ---
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<br /> .. c"^ - Security Instrument lmmediately before the tsking.uNess Horr�wer an d L en der at herw ise agrce in w r i t i n g,t h e s u m s s e c u r e d b y --:
<br /> �.��� •� � �.t��� this Security Instrument shalt be reciuced by the umaunt of the proceeds multiplied by thc foUawing frnction: (a)the totel `�___ -
<br /> . x�' "' ''. . � �.� amount af the sums secured immediatcly befare the taking,divtded by(b)the iair market vulue aF the ['roperty immediately �-
<br /> �`"• ' '' ' :•• befare the taking. Any balance shall be paid ta Honower. In the event of a purtial taking af the Property in which the fuir
<br /> j s:: ' ' � market value af the Property immediatcly before the takin�is Icss than the amount of the sums secured imm e d iate ly be fare t he �;°_
<br /> a� , �� % taking, unless Borrower and Ixnder otherwise agree in wdting or unless applicable luw otherwise provides. the pracecais shull � _�,
<br /> �� ' be epplted to the sums secured by this Securlty Instrument whethcr ar nat the sums are then duc. r"�
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<br /> ��'_ �� ' � If the Praperty is ubandoned by Borrower,or if,ufter nottce by Lender to Borrower that the condemnor offecs to make an �;:��--Y
<br /> ` ' award or settle a claim for damages. Honower fails to respond to Lender wrthm 3u days atter che dace ihe no�icr ir giv�u. =-�;—.;;
<br /> � '� L.ender is uuthodzed ta callect and apply the praceeds,at its option,either to restoration ar repair of the Property or to the sums 4,,����-•
<br /> � . . secured by this Security Instrument,whether or not then due. �•�Mr'T'
<br /> 5 • - Unless L.ender and Borrower otherwise agree in writing, any applfcation af proceecis to principul shsil not extend or �n�y.
<br /> postpone the duc date af the monthly payments referred to in paragrnphs 1 and 2 or change the amount of such payments. ����;;�"";-
<br /> . I1.Borrower Not Released;Forbearance By I.ender Not a Waiver.Extension of the time for payment or modification , �,.��._":
<br /> "' of umortization of the sums secured by this Security Tnstrument�runted by Lender ta any successor!n interest of Borrower shali �� ��}�
<br /> � � not operxte to release the lisbillty of the originaf Borrawer or Borrower's successors in interest. L.ender sball not be required to ~�'��"�-
<br /> ' commence proceedings agaEnst uny successor In interest or refuse to extend time for puyment or otherwise madify amortization �:;°�
<br /> ' � uf tbe sums scxured by this Securlry Instrument by rea�n of any demand made by the original Borrawer or Borrowe�'s .: ���
<br /> � ' successors in interest. Any forbearance by Lender in exercising any rjght or remedy shail not be a waiver of or preclude the �`'��^ '.
<br /> .� exercise of any�i�ht or-remedy. •`
<br /> • 12. Successors and Assigns Bound; Joint a�d Severa! Liability; Co-siAners. The covenunts and agrcements of this • µ
<br /> , Security Instrument shall bind and benefit the succesxors nnd ussigns of L.ender and Borrawer, subject tu the pwvisions of ••
<br /> �" . paru�raph 17. Borrower's covenants and agreements shail be joint and +everal. Any Borrower whn ca-signs this Security .
<br /> lnstrument but doec not execute the Note: (u) is co-signing this Security Instrument only to mortgage, �rant and convey that
<br /> � Borrower's intercst in the Property under the terms of this Security Instrument;(b>Is not personally obligated to pay the sums
<br /> • secured by this Security Instrument;and(c)ugrees thut I.ender and any ather Harrower may a�ree to extcnd, rr.odify,forbear or
<br /> .. mske any accommodutionm with regurd ta the terms of thiti Security Instrument or the Nate without thnt Borcower's consent.
<br /> . 13. I.oan Charges.If the loan sccured by this Security Instrument i,suNject to u luw which sets mnximum loan charses. . ..
<br /> � and that law is finally interpreted,u that the interest or othcr Ic�un chargcs collccted ur to be coltected in connection with the
<br /> loan exceed the permitted lin�its,then: (u)uny such loun churge shaU be reduceJ by the umount necesawry to reciuce thc charge
<br /> . to the permitted limit; and(b)any zums aiready collected from Bormwer which exeeeded perntitted limits wilt be refunded to
<br /> ;�, ° Borrower. Lender muy chcxise to muke this refund by reducing the principul oweci urxier the Note or by making u direct
<br /> � puyment to Borrower. If a refund r��duces principul, thc rc�luctinn witl be treatcd as a purtial prepayment without any
<br /> , prepayment chnrgc under the Notc. �
<br /> - t4. Nottces. Any noticc to Borrowcr proviJcd for in this Sccurity[nstrument shnll Uc�ivcn by dcliverinF it or by mailing
<br /> � , it hy fir�t claxs muil unless upplicablc luw requirez utie of unother methcxi. Thr n��tice shull tm directed to the Property Address
<br /> or uny other udJress Borrower designutes hy ncxicc to [Ander. Any n�uice to I.cndcr shall be given by first da�s mait to
<br /> , Lendrr'>addre+.+ stated herein or uny uther addre�s Lender dr�ignute.hy noticr tu Borrc�wer. Any nutice provided for in this
<br /> Security Instrument shull be deemed to have heen given tc�&�rrower or Lender when given a.proviJed in this paragraph.
<br /> - 15.Governing I.aw; Severebillty. This Sccurity Instrumrnt .hall he g�n•crned by fcderal luw u�i the law of the „
<br /> juritidirtion in which the Prc�perty is locuteei. In the r��ent thut uny pruvi�i�m ur cluuu uf this Security Inxtrument or thc Note
<br /> • ranflicts with applicublc law,such conflict shull nnt utTcct athcr pruvi,iom uf thi,Security Inssrumcnt or thc Nntc whinc�an bc
<br /> given effect with��ut the contlicting provi,ion. Tu thi�end th�pru�•i�ion+ciT thi�Security In+trutnent und the Nate urc derlared
<br /> tn bc sevcrublc.
<br /> ' f � 16.Borrower's Capy. Bcirruwrr.hull►x givrn c,nc cunti�rnuJ�c�py of thc Nutr and��t'thi�Sccurity in,trument.
<br /> Form 3028 9190
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