...� . �e. �•j�..�.r • _..... .. _-._.�_-- . � ':n. . - _...
<br />— '� :��5_ .... .
<br /> g4� �.o��
<br /> paymen�y enay na longer be cx�uired.at the opsion uf i.cnder. if munguge Insumnce coverng�(in the amu►mt and for the�reriad
<br /> — thall.end�r rcyuires)pmvidcd!�y un i�surer apprnvod hy Lcnder again brcomes nvnilable nnd is ubtained. Harrower el�atl pay
<br /> 1�.�"�..:.�+�:�'S�� Q1L'�1"C171IIUi.y rcquircd to ntaink�in mc►rtga,c insurtitcc in cffcct,or tu Eirc�vidc a lusg rc�:crvc.until tt►c rec�ulrcmcnt for n�ux�tbn5c
<br /> � ---__-- insuranse cnds in uccurd•r.nca vlith nny weittcu n�recmc�tt bcttv�tn Bur��wcr and LcnAer or appllcable Inw.
<br /> 9.lospcctbn.I.ctxier nr its uscnt muy nz;tko rcascmnblc c►nrics up�n und inspccttan�r�f tiie�roperty. I.endcr sh�tll give
<br /> -- Bnrmwer nntice nt the tinxs aPor pri��r tu nn inspectiun bpccifying reasonable cause for tho irtspection.
<br /> � 10.Curdemn�tton.The pn�c�ctils uf miy c►�vard ur cluim f�r damtige�. direct ur canseyuenti�l, in conn�tiun with any
<br /> randemnation or uther tuking nP any paR af Yhe Praperty,ar far runveyuncc in tieu nf cnndemnaticm,nre hereby assigned und
<br /> �'�_ __ � shalt bc p;tld ta t.cndcr.
<br /> [n the evcnt uF n totnl takin�af Ihe Proxrty.tho procecds shall be appliai tc►the sems sccured by this Security Inst�umcnt.
<br /> ; �vhethcr or nu1 then duc,with any ex�ess paiJ to Bumawer. tn thc cvent of a p:utinl roking of the Pruperty in which ihe fair
<br /> �i n�arket vuluc ot'thc Ptoperty immedintely before thc taking is cquul ta or grcater tlutn thc umount�f thc sums sccured by this
<br /> •• � Cecurity Instwnent immcdiately befare the tukins.unler,s Borrowcr urtd l.ender othcnvisc a�ree in writing.the sums secured by —
<br /> ��• +f this Security Instrum.�nt Fh�ll be rcxiuced by the amount af the proceals multipBed by the fallawin� fraction: (a) the towl
<br /> amuunt of the sums securod immeditttcly befare the taking,divided by lb1 the fair mnrket vatuc of the Property immcdiuteiy `-
<br />'��' before the taking. Any balance shall be paid to Borrower. In the event of u partial takin�af the Properry in which the fair
<br />�/„� markct vulue of thc Property immediutely before the tuking is less than the amount of the sums secure�lmmedintely bcfarc the
<br /> taking. unless Bonower aad Lender utherwise�gree in writing or unless applicablc luw othene+ise provides. the proceeds shall
<br /> be Applied[o the sums serured by this S�urity lnstrur�ient whether or not the sum.c are then due.
<br /> If the !'ropecty is abandonod by Borrower.ar if.ufter natice by I..endet to Borrawer thut the condemnor offers to mnke an
<br />_ uwacd or setUe a claim tor dumaRes, saaower fuils ta respand to L.ender�vithin 3Q days aftYr the dat2 the notice is �iven, .,__
<br /> Lender is uutharize�to rnllect and apply the proceeds.ut its option,either to restorndon or repair�f'the Prope�ty�r to the sums
<br /> secured by this Security Instrument,whethei or not then due.
<br /> t.,:�: ._::: ;. Untess[..ender and Borrower otherwise agree in �criting. any applicatian of proceeds to principal shsill nut extend or -__
<br /> postpone thc due date af the monthly payments referred ta in paragmphs! and 2 ur change the umourtt of such puyments. "
<br /> l l.Borrower Ko!Relea�ed;F�rbean�r►ce By Lxrtder Not a Wntrer.Extension of the teme fur paycnent or madification '°�_
<br /> ` �.� uf amortization of the sums secumAi by this S�curiry Instrument granted by I.ender to uny successor in interest of Borrower shull �� �
<br /> '�ir., ,•='•�y nat operate to rele�se the lisbility of the originul Borrower or Borrower's successc�r�in interest. Lender shall not bs required to -
<br /> � ro'�`�?�%li4
<br /> •• ;; . � • commence proceodings against:ury successor in interest or refuse to extend time far payment or othenvise modify amurtir.ition �;w.::
<br />- ='�'`'�`^w-:'�'''�r� of the sums secured by this Securety Instrument by reason af �sny demand made by the original Borrower or Bormwer's
<br /> :����il�.�.' y`�* successors in tnterest. Any forbearance by Lender in exercising:u�y right or remedy shall not be a wuiver of or preclude the �7�'_
<br /> -.+.��.. .. :_
<br /> ��.�,� exercise of uny ri�ht or remedy. ;_•.
<br /> ---- -- _ _ ,
<br /> - —
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<br /> "'•" ••'' 12. SuoceSSOrs and Assl�ns Bound; Jolnt and Several Liabillty; Co-si�;ners. The covenant� and a�reemenu of this �
<br /> :.��►���.:.. . 1•',i. Serurity Instcument sh�ll bind and benefit the successors und ass�gns of Lender and Bonower, subjert to the provisions of �
<br /> . •. .r ..,.�:�•,,,, _:. ,,
<br /> •,,.:• - • -
<br /> .,,w�+►,��:,-,;. ,�,�, .. parag�raph 17. Borrower's covenants and agreements shall he joint and �eversiL Any Borrower wh� ca-signs this Security
<br /> - �.,:., , ,,.�:•, :. Instrument but does not execute the Note: (a)is co•signin�this Security Instrument only ta murt$age. grant und cunvey that __
<br /> ''�''"'�' Y> Borrower's interest in thc Property under the tcrms of this Secarity Instrument:(b)is not penonally abligated ta pay the sums
<br /> =- ���'°��`'� �� -�•.�' secured by this Security Instrument; and(c)agires that Lender and any other Borrower may a�ree to extend.modify, forbear or 'y
<br /> . �:i:
<br /> ��• '���-'�r�-•• make any accommodatjons with regard to the temu uf this Security Instmment ur the Note without that Bnrrower's consent. -�
<br /> �^t"`�'�°,��'.:•.-,-L*�' 13.Lo�ut Chatges.If the ioan secured by this Security Instrument is subje.;t to a law which tiets m�ucimum luan charges, • •
<br /> _ °+er. •v..,.,,.,-:,ir.
<br /> � i:.��. . :_.. _; ,� . und that law is finally interpreted so that the interest or other lo:ui charg�s collected or to be coUected in connection with the "'
<br /> ' • � laan exceed the permitted limits.then: (a)any such lo:u►char�e tihall be reciuced by the:unount necessury to reduce the churge
<br /> +�h..•n•
<br /> f� � `v� to the permiaed limit; and (b)any sums already collected from Borro�cer which ezceeded permitted limits will be refundeii to �
<br /> ���,��.`;.,o-:.�,.;,. ..
<br /> - :.a�,r.���:+�,.�• • Borrower. Lender may choose to make this refund by rcKiucing the pnncipul owed under the Notr or by makin�a dircct
<br /> ' ,�x«��""•�,7;; payment to Bomower. If a refund reduces principal. thr reduction will be trcated a+ a partial prepayment without any
<br /> , '''��1'.""'"'r'�"''`'"` pmpayment charge underthe Note.
<br />-. .,��;':��''� . ,, 14.Noilces. Any notice ta Borrower provided for in this Securiry Instrunxnt�hall be given by delivering it or by mailing
<br />_ ��"•`t• ...„ it by first cl�ss mail unless applicable law requires use of another methad. The nutice �hall be dimcted to the Property Address
<br /> ��;:•^:.,: , , or any other address Borrower designates by notice to Lender. Any notice to Lender shall be giv�n by ftrst class mail to �
<br /> °* ',,. Lender'�uddress stated herein or;uiy other address Lender designates by notice to Borrower. Any notice provided far in this �
<br /> �-�� �..�,.�� . Security Instrument shall be deemed to have been given w 8ormwer or Lendcr when given us providod in this paragraph.
<br />` �' I5.Goveening �.aw; Severabiltty. This 5ecuriry Insttument shall be govcrned by federai law and the law af the
<br /> 1 ' jurisdiction in which the Property is locuted. In the event that uny provision or clause of this Security Instrnment or the Note •
<br /> • _�.� conflicts with upplicable law.such conflict shall not affect other provision5 of this Securiry Insttument or the Note which can be
<br /> � ' ��" " given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Nute are declaral '
<br /> to be severable.
<br /> � •_ 16.Borrower's Copy. Honower shaU be given one conformed copy cif the N�xe and of this 3ecurity Imtrument.
<br /> l . • .,
<br /> - Form 3028 9190 �
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