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<br /> . at the aption oi Lestder� it mortgage inaurance coversge (in the amount and for the period that I.ander requires)� _
<br /> � „. pmvided by an incurer approved by I.es►der again becomes available and ie obtained.Borrowcr shall pay the pramiums�� _
<br /> °� re.quir�d to maintain matt g a g e insurance in ettect,ar to provide e loss reserve,until the requirement tor mortgege 1
<br /> �� �� � insurance enda in accotdance Nith any written agteement betweea Borrower and L.ettder or applicoble laa.
<br /> �. ' 9.Inepxctton.i.ender or ita agent muy make ressonc�bte entriea upon and inspections oi the Prop$ny.l.ender shei `
<br /> give Borrowet notice at the time of or prioe to an inepection e�eciiying reasonabl�cause tor tha inspection. + �:_
<br /> 10.Condemnation.The praceeds of any awatd or claim tot demages.di�ect�r consequential,in connection wit . �r_
<br /> "•� ; , ��, eny condemnatlon or othet takin6 ot gny patt ot the Property. or tor conveyance in lieu of condemnatian.are hereb �—
<br /> ,.,. a�signed and shall be paid ta l.ender. . .
<br /> ., �.--_
<br /> . ' In the event of a total taking of the Yroperty.the proceeds shaii ba applied to the aume secured by this Security —
<br /> ....
<br /> • � � Instrument,ahether or not then due,with any excess paid to Borrowet. In the event oi a pattial taking of the PropeKy in �
<br /> , ' which the fair market value of the Property'smr►iodtetely b�.fore Yhe tal�.ing is equol tn or gr�ater than the emaunt of the __
<br /> , suma�cured by thie Security Instrument immediately before the taking,unless BonoNer and I.i.mder otheraise ag�ee ' '�
<br /> in writing,the sums secured by this Security Instrument shall be reduced by the amount oi thr proceeds multiplied by , .�
<br /> ° the following ftaction:(a)tha total amount oi the aums secured immediately bsiore the tabcing,divided by (b)the fair .�j=
<br /> market valuo of the Property immediately I�fore th�takIng.Any 1�a�ance ahall be paid to&,rroaer. In the event ot a
<br /> ptirtial tnking oi the Property in ahich the fair market value of the Propetty immediately betore the taicing is less than A�'°�'
<br /> the amount o4 tRe sums s�uced imm�diately before the taking.unless Borroaer and Lesiaer otherNise agree in ariting M1,,*t, �
<br /> or unless agplicable Iaw otherwise provides, the proceeda shall be applied to the surrns secured by tY►is Security , ,. gl.� R
<br /> � Instrument whether or aot the sums are then due. �I '
<br /> It the Pr�pee�Ry is a�and:oned by Borrower,or if,after notice by Lender to 1B�orrowee t�at the condemnor otfers to }' 4��r
<br /> make an a�raed�s se4tle a claim for damages, Barrower fails to respond to i.en 'd.er cvithim 3'D days after the date the ;' :.s ;__
<br /> notice is p,iveee.!.¢nder is authorized to collect and apgrly the proceeds.at its option,�ither tm rest�ration or repair of th� '� • • ?r�--
<br /> � Property or to the sums secured by this Security Instrument,ti+r�ether mr not then due. ; �':�`—
<br /> Unless Lender and Bornoaer otherwise agree in�rriting,any application of proceeds to gxincaPal shall�not extend or : . ''
<br /> F�stpone the due date of the monthly gayments refreex'ed to in paragrephs D and 2 or change the amrnunt of sach „ �.�
<br /> pnyments. ��•�.�.—
<br /> 11. �osROwer Not Released; 1Fov�xarance B�•I.ender Not a Neniver. Extension mt the time for payment or � �ii," `�_
<br /> os �vt�
<br /> modificatian�Y amortization of the suar�s secured by this Security lnstrument granted by Lender to any successor in I • � . �.
<br /> � ' interest of �o�rrawer shall not operate efo release the liability oi the original Borrower mr Borrower s successors i�a � -
<br /> .'`-'n_:„„ "�3!�'"_
<br /> �.`•�,'':�,. interest.Lender shall not be required to commence procx�dings against any successor in interest or refuse to extend . �� , .l�
<br /> •�``��� time for ment or otherwise modify amortization of the sums secured by th�s Security Inscrument by reason of any � .
<br /> .�r•:;;;`�. �y
<br /> ,^;�;�r demand madle by the original Borrowet or Borrower's successors in interest.Any forbeatance hy Lender in exercising �.�'� �
<br /> � � ,.,.�tf,` aay right or remedy shall not be a waiver ot or preclude the exercise of any right or remedy. � — � ,�! _
<br /> --_ -_---..;,.. �3.Sucsss.;ors sad Assigus�ouad; �oia*a*��1 Several I.iability:Co-signers. Thecovenanu and agreements j_ __ �1 =
<br /> •'i•.:4�,�� • �f this Security Instrument shall bind and benefit the succe�ors and assigns oi Lender and Borrower,subject to che i
<br /> �fi.���., . •
<br /> :;z,�:t�•,, �ra�•ieions of paragraph 17.Borroaer s covenants and a�reements shall be joint and several. My Borrower who co-signs
<br /> � . ,i' �•, . c��:s Security Instrument but dces not execute the i:ote: (a) is co-signing this Security Instrument only to mortgage, i . , t
<br /> �j ��• ?"��r: �a�ant and convey that Sorrower's inter.est in the Property under the terms of this Se�writy Instrument; (b) is not , • _
<br /> •�.:::.. ., , .
<br /> ;�.`; personally obligated to paY the sums sarored by this Security lnstrument;and (c)agee�.�chat Lender and any other I
<br /> � -��. ' ' _
<br /> �rrower may agree to extend,mod'oC�,4�rbear or make any accotnmodations with regard to the terms of this Security i `�.''�•� ,_,
<br /> ➢cestrument or the IVote without that�rrower's consent. i ,=/��
<br /> 13. Loan Charges. IS�he loan secuted by this Security Instrument is subject to a Iaw which sets maximum loan �
<br /> . charges, and that law is fimafiy interpreted so that the interest or other loan charges collected or to b� collected in ,
<br /> connection with the loan exceed the permitted limits,then: (s) any such loan charge shall be reduced by the amount ;
<br /> � neces�sary to reduce the chacge to the permitted limit; and (b) any sums already collected from Iiorrower which � �:.����;'':�
<br /> excceded permitted limits will be refunded to Iiorrower. Lender may choose to make this refund by reducing the � ' �+-'�
<br /> ptincipal oaed undet the Note or by making a direct payment to Borroner.If a refund reduces principal,the reduction ; , t,�',
<br /> will be treated as a partial F-epayment without any p�ep�yment charge under the hote. �"��
<br /> ' I 14. Notices.Any notice to Borrower provided fc�r in this Security Instrument shall be given by delivering it or by ��+� ,.
<br /> '.:'i���1 mailing it by first class mail unless appin:able Iaw requires use of another method.The notice shall be directed to the ,. ,� �,:..
<br /> Pcoperty Address or any other addrec5 P�:*erowec designates by nm:ice to Lender.Any noticrr[o Lender shal l be given by �:��'•''�
<br /> ';��`:.::,: � rr�=.�t$f'
<br /> �..i� f1'i::r � �t�'.--�l..
<br /> f�cst class mail to Lender s address sR�aed herein or any other asldress Lender designates b}• notice to $orrmcvet', t1n}• ,.a�,�r.y�"x"
<br /> ',:�"i; r,��,,
<br /> . s►otice provided for in this Security Instrument shall be deemed to have beer.�,i�•en to Bormwer or L.end�r uteen gi��en � :�. � ' r••=
<br /> as provided in this paragra��. • • '��'•
<br /> 15. Goveraiag Law•Severability.This Securit� Instrument shall be go�•erned by federal law and t7�e 1aN of tC�e i
<br /> jurisdiction in which the Property is located.In the event that any provision or clause of this Security Instrument or t��e , ,f=
<br /> '.�iote conflictsaith applicable law,such conflict shall not affect other pro�•isions of this Security Instrumentor the\ote ;�'`�,v
<br /> •• �hich can be given effect without the conflicting proeision.To this end the�ru�•isions of this Security Instrument and : �`�
<br /> tS►e Note are declared to be severable. �
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<br /> Form 3028 909Q , �•
<br /> -,r,..' �—BRWDt9i05101 v.s.s o�e i �.9
<br /> Initiats. '�,
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