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<br /> r..„�,;�,,,� paymenta may no lan�er bc required.ut the option of I.cruiQr.If roortgugc insurnnce covemse(fn tho av.noi�nt nnd for th�period
<br /> =-��-�..: ,, that L,ender re�uires)pmvided by an insurer approved by Lcnder nguln becomcs uvaflable und ia obtainesl. mor.o�r�r s!«II pay
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<br /> �,.,4 .. the premiums required to muiatain martgo�c tnsurance In effext.ur to provide u lass mserve.until tho requieeme�it fur atimtps�,e
<br /> • �?��` insurence er.ds in uccordnnoe wtth nny wdtten Sgceement between Barrower and l.cr�der or applicuble Inw. ,
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<br /> •• 9. Inspectlon. Lend�r or its agent may make reasan�ble entrfea upon nnd inspectfans of the Property.Lender shull givc ;_
<br /> °�:�,;,-n"��;, s. � Bonrower natice at the time of or pr[ar to un inspectian spacifying c�easonable cnuse for the inspectlon.
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<br /> '��" '�� �� .'� 10. CondemnA4lon. Ti�e proccecis of any u�vard or ciaim fnr damoges, direct or consequentiul. in connectian wlth any
<br /> . ..
<br /> • .,;�: , , :; ; condemr►atian or other taking of any part of the Property,ar for conveyance in iteu of coa�emnation. are hereby assigrted arul
<br /> :; ''>`;•�'.,� shall he paid to Lender.
<br /> ,. . ,.�:�
<br /> ' In the event af a total takins af the Property.the proceeds shal!be applied to the sums serured by this Sacurity Instrument, —
<br /> whether ar not then due,with any excess pald to Borrower. In the event of a partlal teking of the Praperty in wPiich the fair
<br /> ' market value of the Proparty immediately before the taking is equal to or greater than thc amount of the sums secured by this ---
<br /> ° , .. Se�urlry Instrument immediately befare the taking, unless Borrawer and l.ender othenvise agcce in wdting,the sums secured by -
<br /> ��' this Security Instrumem shall be reduoed by the amount of the proceeds muttiplied by th� fottowin� fraction: (a)the tatut
<br /> '` �� ,t; amount of the sums secured immediately before the takIng,djvided by(b)the fa�r market vatue af the Properry immediately
<br /> � �': before the taking. Any balance shall be paid to Bomower. In the event of a part�al taking of the ProFerty iu which ttte fair
<br /> `�,'� attac[cet value of the Property immediately befom the taking is less thnn the amount of the sums secured iaux�edi.ately befare rJ� =
<br /> . :t.;� tatci�g,wct[ess Borrower and Lender otherwise agree in wriacy;or unless applicable law otherv�ise pro�vides.dz¢�cea�s sF�l ---�__�-
<br /> • ;:`��('' be a�splied c��he sums secured by ahfis S¢curity InsCmam.ent wheR[�er or not the sums are then cf�e. - -_
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<br /> _ . ,... ,... If t3rr;Property is abandoned by Borrawer,or iE,after noQic�e by I.ender to Borrower thae 8te oortaTema�r offers to make an -
<br /> � award or settle a claim for damages, Borrower fails to respond to I.ender within 30 days after thc c�ate ahe notice is siven, ----
<br /> . , L.ender is authorized to collect and appiy the proceecis,at its option,either to restoration or regair of the Property or to the sutns !_
<br /> secured by this Security Instrument,whether or not then due. -_--- --
<br /> Unless I.ender and Borrowet otherwise agree in writing, any application of proceeds to principal shall not extend or —
<br /> �'��`� ost ne the due date af the monthl a ments referred to in ara ra hs I and 2 or chan e e�e a::»unt of such a menu. �"'
<br /> '..,:.,;.;�� P Po Y P Y P g P € P Y -;�'-
<br /> " I1. Borrower Nm4 Released;Forbearance By I.ender Not a Waiver.Extension of the time for pay�ent or modification :�.��
<br /> � of amortization of the sums secured by this Security Instrument granted by Lender to any successor in inrerest of Borrower shall _' •�,�"
<br /> ' � not operate to release the liability of the original Borrower ar Borrower's successors in interest.L.ender shatl not be required to �� �f
<br /> . commence praceedings against any successor in in¢erest or refuse to extend time for payment ar otherwise modify sineor�izat�on ..��..Y'��;�
<br /> _�.-
<br /> of the cums secured by this 5ecurity Instrument by reason of any demand made by the original Bonow�er or Borrower's �,,,��..,r_�_
<br /> • � successors in interest. Any forbearance by Lendem iz.,exercising any right or xemedy shall not be a waive�r of or preclude the
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<br /> � ; �� exercise af any right or•remedy. ��`�� r
<br /> � � . 12. Successors and Assigns Bound;.D�Bna nnd Several Liabitity; Co-signeers. The covenants an�] agreements of this ° • ;v
<br /> � . •���,` ' Security Anstrument shall bind and �ene5i4 thr successors and assigns of I.ender and Boc�s��tier, subject to the provisions of • .. �'�'•
<br /> i4; '� �� t''.`•`�• '
<br /> " '���1i.� paragraph 17. Borrower's wvenants and ugreements shall be joint and several. Any �c+rr��wer who co-signs this Securiry ��-��•.•. • .',.
<br /> Instrument but does not execute the Note: ta) is co-signing this Securiry Instrument onh• t4� mortgage,grs�nt and convey that , ' '
<br /> � - ;
<br /> �; � Borrower's interest in the Propeny under thc terms of this Sccurity[nstrument; (b)is not personally obligated to pay the sums ; .
<br /> � secured by this Security Instrument; and(c>agrees that Lender and any other Borrawer may a�ree to extend,modify,torbear or " , ��
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note withoat that Borrower's consent. � " •
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law ��hich sets maximum loan charges, ,.��; `
<br /> and that law is finally interpreted so[hat the intereu or other loan charge,colieeted or t� br r��Nected in connection wllh YC�e ' -
<br /> loan exceed the permitted limits,then: ea)an}� such loan charge shsll be reduced by the amoune necessary to reduce the charge � �+� �
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<br /> . . to the permitted lirnit; and tb>any sumti alre:sdy collected fmm Borrower which exceeded �rmitted limit, will be refunded to �� ;�a'
<br /> . Borrawer. L.ender may chootie to n�ake this rcfund by reducing the prinripal owed undrr the Note or by m:d:ing a diract ,.�`'"-':�
<br /> `', a menrt to Bormwer. If a refund r�ti?uces rinci al, the reduction will be treateci a. a artial re a m�nt withuut an
<br /> • • PY P P P P p'Y Y � •�i ' .�
<br /> � pregayment charge under the Note. �� ' '�
<br /> 14. Notices.Ang notice to Bnrrower pruvideci for in thiti Security Imtrument �hall be given by delivering it or by mailing `•� � .
<br /> it by fir`t class mui!unless applicable law require�u�e uf anc�ther m�thai. The nntice�hall bc directed to the Property Address ` ' •
<br /> ' or any other address Borrower designates by noti�e tc� l.ender. An�• nutice to Lendcr �hall be given hy fir�t cls�s mail to �- ��';:
<br /> � , Lcnder'ti address stated herein or any other addre��Lendcr drsignsteti b}• nc�ticc tu$orrowcr. Any n<�tice prov�JeJ fc�r in this °,
<br /> Security (nstrument shall be deemed to have been given to&,rrawrr c�r I.enJer whrn gi�•en a�proviJ�xi in this puragraph. ,
<br /> 15. Governing Law; Severability. Thi� Securit�• Imtrumcnt �hall tN: govcrneJ by f�ticral la��� and the l:�w of the � +
<br /> jurisdiction in which tha Property is locateel. In rh:event that any pruvitiion or rlau�e of thi+Security tr���runxnt or the Note
<br /> conflicts with applicable law, such conflict+hatl n�r,al'fect uther pruvisiunti<�f thi+Security Intitrurnent eir thr V��te w•hich c:�n tx � '"
<br /> given effect without the conflictine ,pro��isian. Tu thi. end the pruri�ion,uf thi�Serurity Imeruroirnt :tnJ thr Note ar�JcrlareJ � .
<br /> to be severable. � . „
<br /> 16. BorroKer's�o�,��.&�rrow�cr shall bc given onc ronfornicd rap�•of thc���tc and c•:�thi,Sccurit} In>trumcnt. �, . '� � . •,
<br /> Form 3028 9180 �
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