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<br /> :,—�,��Z,-,-�:_.,...,,.,.� payments may no longer bc required.st tho option af Lender.if mortgage lnsurance coverage(.in the umount and for the period -
<br /> "` that i.ender requires)provisted by an insurer approved by Lender agaln becomes avniluble and ia obtcdned. Bc�rrawer ahall pay _
<br /> the premiums required w maintain mortgRg�insurnnce in effect,or w provIde a loss reserve,until the requtrement far mortgage
<br /> —�� lnsurance ends in accordartce with any written egreement betwcen Borrower and I.ender or applicable law.
<br /> - = 9. In�pection. I.ender ar its agent may make reasonnblo entrtea upon and ins}scections af the Property.L.ender ahall give
<br /> Borrower notice at the time of or prior to an lnspection specifyin�reasanable cause for the inspection.
<br /> . � 10. CondemneNon� The proceedx of nny awurd .:: :::... :�•r damagea,d[rect or consequential. in connectjan wlth any r _
<br /> -= � condemnatlon or other taking of any part of the Property,ar for.��r.veyence in lieu af candemnatIon. are hereby assi�ned and _ _
<br /> °+', shail be paid to I.ertder.
<br /> In the event of a totsl taking of the Property.the pmceeds shall be applie�to the sums secured by this Security Instrument,
<br /> � � .,-:(y . whether or nat than due.with any excess paid to Borrower. In the event of a partial teking of the Property in which the fair
<br /> : • ��. ` market value of the Property jmmediately before the tuking Is equat to or greater than the amaunt af the suma securcd by thla
<br /> �µ .- _� .�--+� Securlty Inatrument immatiately before the takfn�.unless Borrower and I.ender atherwlse agree in wdting, the sums secuted by << _ _
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<br />____... �h;� c�n�ry T»atntmrnt ahpp he �fxtuccd by the amaunt of the proceeds multlplied bv the following fraction: (a) the total
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<br /> ��.,, ,r���:,,�;•.?, amount of the sums secured immediately before the taking, dtvided by (b) the fair market value of the Property immediately `-
<br /> ,/; ; •:; ; .. ' befare thc taking. Any balance shall be paid to Borcowea In the event of a partial taking of the Praperty In which the fair '
<br /> � ` " ��! market value of the Property lmmediately before thc taking is less than the amount of the sums secured immediately beforc ttie
<br /> � '%•- •'' ' � taktng, unless Borcower and Lender otherwlse a�ree in wrlting or unless appRcable law otherwise provides.the proceeda ehull -
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<br /> ''� • •• �' be applied to the sums secured by this Security Instrument whether or not the sums are ther�due. �"
<br /> � .'� : � If the Property is abandaned by Borrawcr,or if. atter notice by L.ender ta 8orrower that the rondemnor offers to make an � _ _ _ -
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<br /> ' award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, ,�;_�__
<br /> c I.ender!s authorized ro callect and apply the procecds.at its option,either to restorntion ar repair of the Property or to the sums ��•;K;_-
<br /> � i . ' secured by thia Security Instrument,whether or not then duc. �.';;:-----
<br /> � • ��� Unless Lender and Borrower otherwise agree in writing, any application of proceeds to princlpal shall not extend ar '''',;,",;'.
<br /> ' postpone the due date af the monthiy payments referred to in para�rnphs 1 and 2 or chan�e the umount of such payments. °l _
<br /> � ' � 1l.Borrower Not Released;Fort►earance By I.ender Not a Watver. ExtensIon of the time for payment or madificatian .. ' %�' _
<br /> af amartixution of the sums secured by this Security Instrument granted by I.ender to any successor in interest of Borrawer shull _� <�---
<br /> not operate to release the liability of the original Borrower or Bonower's successors in interest. L.ender shall not be required to
<br /> , commence praceedings against any successor in interest ar refuse ta extend time for payment or atherwise modify amortiwtlun �. � _-
<br /> , . of the sums secured by this Security Instrument by reason of any demand made by the original 8orrower or Borrower's • �`
<br /> - • xncc�:.ors in ir:icrest. Atty forbesrance b� Lcr.dcr in Q�ccrcising any right �r remedy sh�ll nnt be a waiver af or preclude the '• •'"�
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<br /> exercisc of any right or�rcmedy. �"
<br /> . 12. Successotx and Asstgns Bound; Joint and Several I.iability; Casigners. The covenants and a�rcements of this . ��_-
<br /> , � Security lnstrument shall bind und benefit the successors und ussigns of Lender und Borrower, subject to the provisions of „ �. .•��-
<br /> , para�rnph !7. Borrawer's cnvenants and u�reements shull be joint und several. Any Borrower who co-si�ns fhis Securlty � "s°'
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<br /> ' Instrument but does not execute the Note: (u)is co-signing this Security Instrument only to mortguge,grant und convey that �
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<br /> , Borrower's interest in the Praperty under the tcrms uf this Security Instrument: (b)is not personully obligatcd to pay the cums ,;�
<br /> secured by this Security Instrument; and(c)ugrees thut I.ender und any other Borrower may agrec to extend,modify,forbenr or �
<br />- make uny uccammcxiutiuns with regurd to the terms of this Serm•ity Intitrument or the Nute without thut Botrower's rnnsent. ,.;��,-
<br /> -_ 13.I.c►an Charges.If the loun secureci by thi+Security Inxtrument is subject to u luw which sets muximum loan charges, , ' "`�'
<br /> ' and thut law is finaily interpreted�o that the interest or other luun churges rollcrtcd <ir to be r���lccted in conncction with the �•�; '."
<br /> � loan excced the permi►ted limits,then: (u)any such lann charge tihall tx rcduccd by thc amaunt ncccssary to reduce the churgc .���A.
<br /> to thc permittcd limit: and (b)any sums alrcudy callertcd from Bnrrowcr which cxceeded permitted limitti will be refunded to °'•�j'.
<br /> ' . Borrower. Lender may choose to muke thi� refund By reducing the principnt owed under the Note ar by making u direct :��
<br /> „ . . „ payment to Borrower. If a refund reclures principal, the reduc►iun will he treated us u partiul prepayment without uny ' ' ';
<br /> prepuyment churge under the Notc. ,. .
<br /> • 14.Notices,Any notice to Borrower pr�wided for in thi�Scrurity Instrument+hall be given by delivering it or hy mailing '.
<br /> � it by fir�t clas� rnail unlesti applicuhle luw rcyuire�u�c��f unothcr mcth�xi. Thc nutirc�hull bc directcd to the Property Address
<br /> �� or uny other nddress Borrower de�ignutes hy noticc to LcnJer. Any notirc ta I,endcr xhull be givcn by fir,t clati� mail to •
<br /> ' I.endrr',address stt�ted herein nr any other uddrexs I.endrr Jc�i}!nute.by nntice to B��rrowcr. Any noticc pmvided for in this ' ��
<br /> • � Securit,y Instrument shull be deemed to have lxen given to Be�ROwer or LenJcr whcn givrn u.provided in thir parug�uph.
<br /> I5.Covernin� Law; 5everability. This Sccurity Imtrunnnt .hall hc �ovcrnrd by fc�lrrul law and thc law of thc
<br /> jurixdiction in which thc Property is Icxutcd. In the event tha[rny pruei.iun��r rluu�c uf'this Srcurity In,trument nr the Nc�tc
<br /> canflicts with upplicuhlc law,sunc�onilict.rhall nut uftect othcr provisii�m uf thi.Sccurity In.trumrm or thc Ni�tc which can bc
<br /> . given effert witFx�ut thc contlirting provi.i�m.Tu this cnd du pr�wi.iun.of thi�Serurity tn.trununt und thr N��tr arc dcclarctil
<br /> to be severablc. I
<br /> � , 16.Borrow•er's Copy.Horrower shall he givrn onr r�mtirrmed rupy uf thr f�[utc:md aT thi.Serurity In.truntent. i
<br /> Form 3028 9190 I
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