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<br /> paymeats may no lor.ger�'r«.�uired,at the aptlAn of I.enAer.if martgage Insurance covemge tin thC emount and for the pedadl
<br /> - __ __ �hxt I.e�xler rcquirew)�rovictc�tl by un insurer�ippravcd by I.cndcr Again lxcorncs uvnilabic imd�s abtaincd. Iiarrawer shali guy
<br /> �� the pre.miums re,yulred ta mal�unin�uortgoge insurance in cCPect.Qf[O hYOVItIC Q IQS91'CSCYVC.uncll t{ie rcyulrcn�c�nt fur nmltb�be
<br /> insuru�xc ends in aoccirdancc with any wrlttcn pgrcemcttt betwcen Barrowce und L.cnder ar npplicublc law.
<br /> 9. Inspectton. L,ender or iw agcnt may mpke rousonable entrIes upon and inspections�f thc Propeny. Lender shal.! give
<br /> -- Qnrro;�cr nattco ut thc time of ur prior ta un insnertion hpecifyiiig rensonnble cuuKe for the inspcctio�.
<br /> 10. Condemnatlun. The praaais o�t arty uward ur claim far dumages. direct or consequentiul, in connation with any
<br /> _� -, condemnntion or other t��king af Any par►of tho Prop�rty.ar f�r cunvcyunce In 1'seu of wndcmnattnn,nre hereby assigncd und r_
<br /> - shall bc paid to Ixnder.
<br /> In the event of a total taking of the Prnperty.the proceeds shal!be upplied to tha sums secw�ed by this Security Insttument,
<br /> whether ar aot then due. wtth any excess paid to Borrower. hi the evcnt of a p:utinl tnking of Uie Properry in which the fair
<br /> market vi�lae af the Property Immedintely befare th�tnlcing is equal to or greuter thun tlt� �unount of the sun�s secured by this
<br /> Security Instrument immediutely befom the tnking.unless Borrower and Lcnder otherwtsc Rgrec in writing,the sums secured by
<br /> _ _� thls Security lnstrument shull be reducal by tho nmount of the procce�s multiplied by tt►c following fcaction: (p) the total
<br /> amount af the sua�s secured immediatety befote the taking, dlv[de.�i by (b)the fair market vulue of the Property imme�iately
<br />- before tha t¢ktng. Any balance shail be paid to Borrower. in the evcnt of a pnrtiul tuking of thc PropeRy in whlch the fair
<br /> market value of the Property immedintely befare the tnkin�is less than thc amount af the sums secured immediately before tho
<br /> taking,unless Borrower sind I.ender uthenvise agt+ee in wrfting or unless applicnble law otherwise provides, the procee�ls shall
<br /> be applied to the sums secured by this Securiry Instrument whethcr or not the sums are then due.
<br /> If the Property is nbandoned by Botrower,or if.after notice by I.ender to Bor[ower that the rnndemnor of£ers to malce an
<br /> -- awetd or sctttc a ciatm for damages, Borrotiver faila to responc!ta Lender with'sn 30 daya nftea the Aate ths naticc is given. �___
<br />- [,ender is authorized to collert and apply the proceeds,at Its optian.either to restorntion or repair of the Property or to the sums
<br /> _ secured by this Stxurlty Instrument,whether or not then due.
<br /> Unless Lender and Borrower othen�vjse a�ree in writtng, any application of prnceeds to pr�ncipal shall not extend or
<br /> — postporte the due dnte of the monthly payments refern�d to in paragraphs I and 2 or change the amount of such payments.
<br /> 11.Borrower Not Released;Forbearance By Lender Not a�Vaiver.Exte�sion of the time for payment or modification
<br /> — of suROrtiwtion of the sums secured by this Security Instcument granted by Lender to any successor in interest of Borrower shall
<br /> nat operate to release the liability of the original Borrower or Borrower's successors in interest. I.ender sh�ll not be require�to
<br /> ,�� rnmmence proceeclings against any successor in interest or refuse to extend time for paym$nt or othenvise modify amortixntion �
<br /> of the sums secured by this Security Instn►ment by reason of any demond made by the original Borrower ar Borrower's _
<br /> successors in interest. Any forbearance by Lender in exercising ar�y ri�ht or remedy shall not be a waiver of or preclude the --
<br />`. • cxsrci�af an;right ar tess�edy
<br /> 12. Succes.sors end AssiAns Boundt Joint and Several Liabfltty; Co-sfgners. Thc covenants and agrcements of this
<br /> Securiry Iastniment shall bind and benefit the surcessors and assigns of Lender And Borrower, subject to the provisions of
<br /> - paragraph 17. Borrower's covenunu and usreements sh�ll be joint and several. Any Borrower who co•signs this Security
<br /> Instrument tsut doc� not execute the Note: (a) is ca-si�n�ng this Securlcy Insuument only to mort�age. grant und convey that
<br /> Bonower's i�.�,�rest in the Property ur.der ahe terms of thls Securiry Instrumenk(b)is not personally obli�uted to pay the sums
<br /> th t Lender and un uther Borrower mu a ree to extend,modi ,forbau or -�
<br /> secured by this Secunty Instr�ment:and(c)a�rees a y y B f3'
<br /> make any accommodadons w3th regard to the tcrms of this Security Instrument or the Note without that Borrower's consent. _
<br /> 13. I.osr�,Charges. If the loan secured by this Securlty Instrument is subject to a law whtch sets muximum loan charges, �,_,.
<br /> and that luw is,fit�lly interpmted so thmt the interest or udier loan charges collected or to be collected in connection with the Ka.•-
<br /> toan exceed the pertnitted limits.then: (u) uny such loan charge shall be reduced by the amount necessary to reduce the chnrge �.�:-
<br /> to the pemutted lirclr urtd(b)any sums already collected from Bonower which exceecled pernutted limi�s will be refunded to "���'
<br /> Bomower. Lendan;nay choose to make this refund by reducing the principal owed under the Note or by making �►dtrect ���"
<br /> C?�fb`
<br /> � payment to Barrowur, If a refund reduces principul, the reduction will be treuted as a panial prepayment without any ��Yi;•
<br /> prepayment c�ar�e under the Note. �`_:-__
<br /> 14.Notfc�.Any notice to Borrower providal for in this Security Instrument shull be given by delivering it or by mailing �.�,
<br /> �i;�
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<br /> it by first ciass mnii untess uppl[cuble law requires use of another method.The notice shall be directed to the Property Address _
<br /> or any athet addr.rss Borrower designates by notice to Lender. Any notice tu i.ender shall be given by fir�t class mail to ;�;;;�
<br /> -- Lender's addre�s stated herein or:ury other address Lender designates by notice to 8orrower. Any notice provided for in this fY�`"
<br /> ,.-
<br />_ _�� Security Instrumant sh�ll be deemed to have been given to Borrower ar Lender when given as provided in this paragraph. ?��,:_
<br /> IS.Guvorning I.aw; Severabilfty. This Secudry Instrument shalt be �ovcrned by federai law and the law of the • )'r',
<br /> �" jurisdietion in whi�h the Pcoperty is lopted. In the event that nny pmvisivn or clause of this Secucity Instrument or the Note .,_r;_
<br /> rnnflicts wIth upplicable law.such rnnflict shall not affect other provisions of this Security Instrument or the Note which cun be �{;:{;'-
<br /> ' gtven effect without the con8icting provision.To this end the proviaions of this Securtry [nstrument artd the Note are declured -'�±-�
<br /> to be severable. ����'`
<br /> 16.Iiarrower's Copy.Borrower chall be�iven one conformed copy of the Note and of this Security Instrument. "�'
<br /> Form 3028 8180
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