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<br /> _-:-�:�=T:L�,r�� Pnyments mny no[r�nger be�equiocd.at the optlan of I.ender�iPmortIIage ineumnce coveraBe(in Q�e nmount and for the parfod
<br /> that L.ender r�uir�)provided by un insurer npproved by i.ender again isecomes avnilable and is obtaincd. Bormwer snali pay
<br /> --�'-'-'�'�—N''� the premtums required to muintain mortgago insurance ln efPect,or to ptavldo a loss reserve.�iaul tha t+equirement for mongoge
<br /> �-}"�'-`���;-'�'• insurnnce enda in uccordance with any wdtten ugreement 6etween Borrow�r und Lender or spplicx�ble law.
<br /> _-`�'�� �.InspecNon.Lendcr or iGv agent may make reasonable entrIes upon nnd inspectIons of the Property. Lcnder shc�ll give
<br /> �r���r'''°��'';; Aonower noticc at the t�me of or prior tn on inspection specifying reasonable cause for the inspectlon.
<br /> �.,,,•.,
<br /> '�+'�•�"»';��--�--�— !0. Condemnqdon.The proceeds of any awarrd or cfaim for damages.direct or conse,quential. In oonnecdon w[th any
<br /> `����1.� ��'.. aondemnation or other takin�of any part of the Property,or far conveyance In lieu of mndemnation, are hereby assi�nal�tnA L-
<br /> �",�:-
<br /> ;:;�r���a= shsil be paid to Lender.
<br /> _-==���-_-�.-��� In the event af a tatat taking ut t��e Property.it►c p�vuxcle shall b�eppiied to Q�e sun�s secure�t by Yhis gecu�ity Instrument. ------
<br /> - ' `` `��� whether ar noi then due, with any excess paid to Bornower. 1n the evcnt of e panial teking of the Property in which the fait
<br /> - �• '�� market value of the Property immediately before the taking is equal to oa�greater than the a�reeount of the sums secured by thts ---
<br /> ; � Security Instrument immediately before the taking,unless Borrower and I�ert�er ozhenvise a�nn vvriting,the sums secu�ed by R«---
<br /> ` this Security Instrument shall be reduced by the amount of the pr000adis muieimliedl by ¢he �ollowing fraction: (a) the total y--__ _
<br /> ' amount of the sums secured Immediately before the taking, divide�t�y(�)the fa�ir rxearket value of the Property immediately ----
<br /> � befot+e the taking. Any balance sh�ll be paid w Borrower. In the evert of a pa�tial taking of th� Property in which the ffair �
<br /> market value of the Property immediately before thc taking is less than the amount of the sums seciared immediately before¢�e ��-:--
<br /> _ taking,unless Barrower and L.ender otherwise agree in wdting oa�un]ess applirable law othernise provides,the prooaeds shail ----_
<br /> , be applied to the sums secured by thIs Security InstrumeenY whether or noi the sums are then due. `:;�u-
<br /> . '�;.��<<=
<br /> ••_�:..�; If the Properry is abandoned by Borrower,or if, ai'ter notice by Lender to Bonower that the mndersu►�r ot��rs to make an . ;u:��
<br /> ' s�..r„��.r,
<br /> �;:r:,:: award or settle a claim for damages. BorroK•er faiis to respond to L.ender withiu 30 days aft�r the daie thr notice is given, <<;�--
<br /> ' '� I.ender is authc+rized to callect and 1 the roceeds.at its o tion,either to restoration or �����`'
<br /> . :��;`�` aPP Y P P mpai�of the Property or to the suttu �„=._;__,
<br /> . ��:•
<br /> � �`:;-'•#�' secured by this Secueity Instrument,whether or not then due. ���=--�r„�,-°
<br /> Unless Lender and Borrower othervuise a ree in writin an a lication of raceeds to nnci al shall not extend or �'N�=�"�
<br /> �wt. 'r � • „ P S� Y PP � P P � p .;�i'`".
<br /> "��'' •• •� � }�ostpone the due date of the monthly payments referred to in paragraphs 1 and 2 c�R cfiange the amount of such paymenu. ��H;:�,_
<br /> � 11.Borro�ver Not Released;Forbearance By I,cnder NM 8 Waiver.Exten��on of the timc for payment or moditication �"���=--_
<br /> of amartizatior�ef the sums secured by this Security lnstrumertt granta;d i+y Lender to any successor in interest of Borrower shall �'"� '--
<br /> not operate to release the liability of the ouginal Bonoweror Borcuwcr's successors in interest. Ixnder shall not be required to �'-p-
<br /> ., commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amonization �;!�=�=-..
<br /> ° ° of the sums secured by this Security Instrument by reason of any demand made by the original Borrower nr Borrower's �'`_`�
<br /> „ successors in intemst.Any forbearance by Lender in excrcising any right or remedy shall not be a waiver of�r preclude the ;;;;�.�-�-
<br /> ,.-- Pxeroicr�f any righ�or�medy. !�'��-...-_ --
<br /> ': �:-- _._.
<br /> ''�����` 12. Successors and Assi ns Bound; Joint and Several LiabiEit - Co-si ners. The covenants and a reements of this °"'—"
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<br /> '�..,,;tt.��:'� Security Instrument shall bind and benefit the successors and assigns of Lender and &,rrower, subject to the provisions af �?�__
<br /> . ,`.. 4%�---
<br /> ',,;-�-.- paragraph 17. Borrower's covenants and agrcements shall be joint and severaL Any Borrower who w-signs this Security �'�;�_�=
<br /> .�Y..?:.��� �^},�:n-� --_
<br /> ;,;:,r,;. • Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that ?;�"�'�_
<br /> :- —
<br /> � � . • Borrower's interest in the Property under the terms of this Security lnstrument;(b)is not personally obiigated to pay the sums '�`'"_'�'�"-.
<br /> secured by thi. Security In�trumenr and(c)agrees that Lender and any oti�er Borrower nwy agree to extend, modify,forbear or
<br /> make anv accornmodations with regard t�the ternis of this Securiry In.tnmvent�r the N�te with���t that�c+ttower's consertt. �
<br /> 13.Loan Charges. lf the loan secureci by this Security Instrument is subject to a law which sets maximum loan charges. ��_..,� . .
<br /> and that law is finally interpreted .o that the interest or ather loan charges collected or to be coliected in connection with the l,;E'`
<br /> ooan exceed the permitted limita, then: (a)any such loan charge shall be reduced hy the amount necessary to reduce the charge
<br /> '`��°`• to the permittecl limit;and(b)any sums already collectecl frum Bc�rcower which exceecied
<br /> ;',�r•; ; permitted limits will be refunded to
<br /> „ '•n`�;,;� Bormwer. Lender may choose to make this refund by reJucing the principal owed under the Note or by making a direct '
<br /> ��;;,
<br /> . payment to Borrower. If a refund reduces prinripal, thc reJurtian «�ill bc trcated as a partial prepayment without any i,..;���
<br /> "��•- prepayment charge under fhe Note. ���,:;;.;�,
<br /> y. .; . , )
<br /> +�;�.,.� 14.Notices.Any notice to Borrower providecl fi�r in thiti S�wurity Instniment ,hall he given by delivering it or by mailing
<br /> � it hy fir,t clas> mail unless applicable law reyuire+use of un��ther mrthod. The n��tice shall he directed to the Property Address ��`���'
<br /> or am• other addre�ti Borrow�e�de�ignateti hy n��tice to Lendrr. An: notire tc� Lender tihall be gi��en by first class mail to �t.r'�
<br /> ,, Lender',aJdretis statai hercin or any other adJress I.rndrr dcsi�nat�� b• natire +a�&�rro��•er. An- notice ruvided for in this �"�'`` "
<br /> b ) > P i:_.:;';.
<br /> S�curit�•Instrument shall be deemeci io have t+een gi�cr�t�• &urox•rr or Ixnder W�h�r.gi�•en a�provided in this paragraph. �;::`�'-�•'
<br /> t5.Go��erning I.aw; tievecabilit�•. Thiti Sr;uri;t Imtrumcnt .hall hc go�•cmed by federal law and the law of the � '+'r-"
<br /> jurisdiction in which the Property is lo:at�.'.. In the e�rnt th3t any pr���•i+icm or cl�u,r of thi>Securit�• lntitrument nr the Note �
<br /> ' conflicts with applirable IaW, tiuch ronflirt+hal;n�n aftirt iNhcr pr<n�itiiunti of thi�S�tiuril�• In.tr:,r.�er.t or the tiote which can be i•
<br /> �,. given effert without the contlirting pr<n i�ion. 'Tn thi. end th�pro�•i�iem,c�f thi,Serurit� Inst►ument and thr tiote are drelareJ {<<+,
<br /> "'''' to be�evcrable. ,�� ?�
<br /> ? 16.BorroWer's Cn�}.�ivrrower.hall he gi�rn unr ccinfi�rnkai r��p�uf thr`.�t�anJ��f thi�Srrurity)n�trument.
<br /> • form 3028 9 9m �
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