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<br /> - payments m,uy no longer be require�f,at the apaton af l.ender.if martgage insurance onverAge(in the tunount nnd for the period _
<br /> -~�--~-� that I.ander requires)pmvid�!by en insurer�ppmved by l.ender aguin becomes available and is abmfned.Borro�ver shat!pa�y _
<br /> -�-� fn�pre�tiivms r�guircd tu matntuin mortgage insuru►►ce in effect.ar to provtds a loss reserve.until the requirement for morigago =_
<br /> _--�— insurnnce ends in accordunce wtth anY wr�eten agre�ment between Borrower wid Lender ar applicnble law.
<br /> _,.r,�;�„y�� 4�bts��tfon. Lcnder or it�ugent may m�xlce teasoaable enMes upon and inspectlons of tha Property. F:.ender ahait give _ _ __ _
<br /> __- _== Borrawer nodce at the tlme of ar prior to an inspection specifyfng reasonabte cause for the inspection. -
<br /> ,��'!�',.,,_ . ,.- 10. Condemnatton. The proceeds of any award or claim far damages. direct ar canseguentiai, in rnnnection wlth any -
<br /> ----_=_ - condemnution or ather taking of any part ut the Property.or for convcysu►ce ln fleu of cotidemnudon,ure hereby nsslgned aml L__''=----
<br /> _-=������ shell be paid to Lender. --_--- --
<br /> --�`-`-=`�'�"'�'F� In ths event of a tatsl tnking of the Property.the pmcxeds shall be Applied ro the sums secured by this 5erurity Instrument, ___________
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<br /> ,_���` - whether or nut ti�eu due, wlth eny exccss paid ro Borrov�er. In the event of e partinl taki�B of�he Property in which the fair �—:- � __
<br /> - . ;,..�` market value of the properry immediutely befote the taking is equui to or greater than the amount of the sums secured by thia —��;,�-;�.•:.�,��--=
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<br /> . ,� = ;+��_ Security Instcument immediately befare the taktng.unless Barrower and[.ender othenvise agree in wdting.the sums secured by ,'�. �� "�:'�`,�
<br /> � �-�� this Security Instruinent shall be reduced by the amount of the praceeds multlptied by the foll�wln� fractfon: (a) the t�tal ��°`�"`�F'�.��
<br /> `.fi•.'.,,:, _..;_k; ,�r _ .. �..
<br /> amount of the aums secured immedfately before the taking. y a�' �< ��
<br /> divided b (b)tha fair market value of the Property immediately '�'ti^i�:r'�'
<br /> �.�.:-
<br /> - • before the taking. Any balanoe shall be paid w Borrower. In the event of a parcial taking of the Property in which the fair _, Tr � �•�; '
<br /> �� � market value of the Property immediutely before the taking is less than the amount of the sumc secured immediately before!hc .,.�:;',,,:;:�_�:�,A;Y_-._�`
<br /> r.eking,unless Borrower ac�d I.ender otherwise agree in writins or unless applicable luw otherwise provides, che proceeds sha11 -?;.:�.�,, .
<br /> Cie applied ro the sums seture�by this Security Instn�ment whsiher or not the sums are then due. -. _ ``°��''Y� '±�'� �
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<br /> If the Property is abandoned by Borrowec,or.if,after notice by Lender to Borrower that the con�emno�offers to cr�atce an � F„�,h=9__- --
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<br /> •�t.+�t,,-. award ar setcfe a clatm for damages. 16ovrov+rer fiails to respond to Lender within 30 days after s�.e daee tPrte natice is gir�n. �'���,;;��---. __.._
<br /> �. . • Lender is autl4orezed to rnllect and appl�r dee�vroceeds,at its option,either to restoration or repair oE the 1Propecty or to the s�a�s �,,<p. .. •�c`:..�.!_=
<br /> secured by this Secucity Instnacnee�t,wRxther or not then due. ,. +� � _
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<br /> . ' Unless I.e�zder artd �oerower otherwise a�ree in writing, any application of proceeds to prirtcipal shall rtot extend or . ''4,}t�� '" m•4
<br /> �..,:.
<br /> � - postpone the aiue date of the ntonthly pay�nenLs referred to in paragraphs 1 and 2 or change the amommt of such payments. � ��_:_
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<br /> � 11.Bom�romr¢r Not Released;For�rs�ce By I.ender Not a 4�'anoer.Extension of the timP ffur payment or modificacno� �:
<br /> , '.,��„n .�. ��t. �.
<br /> of amortization of the sums secured by this Security Instrument grare4ec��ay Lender to any successor 8n interest of Borrower s?nall
<br /> �:r;��. . ' ttot operate to release the liability of the origeeeal Honower or Borrower's successon in interest. I.ender shatl�not Q�e requirai ta `�=�� _
<br /> "�s�;;��%.�� ` ' ��� commence proccedings against any successor in intee�se oc refuse to extend time for payment or otherwise m�dify amortization ,,= _
<br /> :'i'.: � ''.• '',.>`s of the sums sxce�red b this Securit leutnnanent b reason of an demand made b the ori i�n;�l Borrower or Borcower's -
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<br /> '"'�`'"`"' successors in interest. An forbearance 4rr i..ender in exercisin an ri ht or remed shall not be a waiver of or prec:lude the ,
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<br /> `�"�� exercise of any right orremedy. `
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<br /> � ' 12. Successors and Assigns Bound;.Doint and Severa! Liability: Castgners. The covenants and agreements of this „ ��, f� <<'''• , �
<br /> ��'� � � Security Instrument shall bind and benefit the successors And assigns of Lender and Barrower, subject to the provisions of ,�z;t ;•
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<br /> • . ' � � paragraph 17. Bntrower's covenants and agreements shall be joint and severnl. Any Borrower who casi�ns this Security ..;���,,1' •• ,•: :•;
<br /> "�'�' Instrument but does not execute the Note:(A) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> ��.F:,�;. ,. •'�o ,,
<br /> • '!�'��-' Borrower's inte�est In thc Pmperty under the terms of this Security Instrument;(b)is not penonally obligated to pay the sums ,
<br /> �:,��: �,
<br /> >��• " "'` secured by this Security Instrument:and(c)ugrees thut Lender and any other Borrower may agree ta cxtend, modify,forbear or ��"��
<br /> � ' make any aeeommodations with regarci to the terms of this Security Instrument or the Note without that Borrower's consent. �f�
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<br /> _ � ' •• .�1r 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> �� • ° ;'�,' and that law is finally interpreted so thut the interest or other loan charges collected or to be collected in connection with the .•�+�
<br /> � loan exceed the pemiitted limits, then: (a)any such loan rharge shall hr reduced hy the amount neressary to reduce the charge "'i'�,aYdA�
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<br /> to the permitted limit;und(b)any sums ulready eollected fmm Borrower which exceeded pemtitte<1 limits will be refunded to �;:��'
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<br /> ';,�?�;,, Borrower. Lender may choose to muke thi� refund by reducing the prinripal owai under the Nore or hy making a direct 11.,, .; '�� .
<br /> ;+:•��•��� payment to Borrawer. If a refund reduces principal, the reducticm wili be truued a+ u paniul prepaytnent without any
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<br /> ,., ,, prepayment charge under the Note.
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<br /> ..;�:;;� 14.Notices.Any notice to Bnrrc�wer provided for in thi.r• Security Instrument shall be given by delivering it or by mAiling �;R{��y;
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<br /> ,r4.,; it by tint cluss mail unless applicable law reyuires u,e i�f another methoci.The nc>tice shall he directed to the Property Address ��,-'�a
<br /> ''-�' or any other address Borrower designate�by notice to Lendcr. Any nutice tu Ixnder �hsll be given by tir+t ela�s mail to �
<br /> ..«.;�f� .
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<br /> • Lender's address stuteci herein o:any other address Lender drsignate� by nutice to Borruwer. Any notice pra�vided far in this
<br /> Security Instrumeut shall be decmed to ha�•r heen given tu Borrower or[..endcr whrn gi��en ati pro�•i�ied in this paragraph.
<br /> - - ` I5.Guaeaoiing La��; Se���abileQv. Tl�i> S�tiurity lu,t�uiurnt �I�all lk gi��crneJ by fed�ral taw ai�d thc la��� of the •
<br /> :•%;-. jurisdiction ��which the Propert�• is Ic�.at�.:. In the cvent thxt any pravision ar clautic uf thi� S��urit�• Instrument or the 1`ntr
<br /> ��� '�
<br /> '{;,7�� , conflicts with applicable la��.such contlirt shall nat affect uthcr provi.ions of thi.Srrurity In,trument or the Note which can be ��.�,�..
<br /> given effect withnut thc contlirting pruvision.To thi,end thr provisiom of thi± Serurity imtrument and thc Nnte arc dedared ;��;"�:
<br /> to be severable. �'"' '
<br /> ., 16.B�nrrower's Cupy.Barcu�cer.hall he�i�•en on�runti�rmcd c�,p} „t'thc Note and of thi;Sccurity In,trument. j?';i,'�,
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<br /> Form 3028 9r90 �r •
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