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<br /> E»,yments ma;�nu l�ttgcr Ix required.at thc optiaa�of I.emldr, iP n�x�rtgn�e insutanca c.overagc(in tht,a�unt at+d tar tl+rs re*ind t
<br /> - ---- - tliat Lc��tc•r ��cqclr�)p�ovicic<l f�y asi insar.:r i:jl}71't1YCtI I1y Ld'IIt�L'Y A�AIl1 Gf�lI11Gh AY.ilIGIIIC AYi(I IH U�)?�II1C(I:fk►mzwcr!slwll �xy . i
<br /> the prem4umF requirul to iraalntain�no�t�a�e I�isuEancL in�ffcrt,az to prc�vfde u loss reserce, until thc rcquircment for mortgage �
<br /> insurance endx in acco�iu�e with any writtcn sgceement bttwcca�orrowar and Lsnder or applicaljle law. i
<br /> 9.Inepectb�t.l.endes or its egcnt may make rcusonable cntrics upon n�ti inspecti�ns of the PeapeaY. Gender sh�ll,give
<br /> tiormwer notia nt the timo of or prtor to an ins�don spenifxing r�eron�ble causo for the ir►spocti�n. ,
<br /> — 1(!.Conikmtusfion,The pmcseds of uroy awurd os claim for Jamagcs, diract ar eonscquen.ial, in connectioe with any ;
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<br /> condemnutfon ar other teking of any part of the 1'roperty. or fur uunveyatme M{ie��of m�ideninution,arc lu:rc�y a:�sI^n:.d a�d =
<br /> shali be paid ta Lender.
<br /> Qn the event of a tntai taking af the Praperty.the pracee�ls ahall be uppiied to the sums secured by this Securtty Insti�unent,
<br /> whetl►er or nw then due,wlth arry eacess pakd to Bottower. In thc event of n partlal taking of the Property in whlch the fair •
<br /> market vntue of the Property immediauly before the taking is cqual to or g�eater than the amount aP the sums sccured by this
<br /> S�uritv lnstruannt imrnodiately before thC titking,naless Borrawcr and Lender otherwlse asrce in writing.the suats secured by
<br /> -- �_�°"`-� this Security Instrum�ent shalt be reduced by the amount of the pmcceds mult�plled by tt►e foilowing fiartion: (a) the total
<br /> nnwuM of th�sums securcd immaliately before the taking,divided by (b)the fair murkct value of the P�pccty iaunediately
<br /> befon the taldng. Any bniance shnll be paid to Horrower. In the event of a p�tiul talcing of tke Property in wh�ch the fair
<br /> market vWue of the Property imnsed[ately b�fore ths taking ia less than the amount of the sums secured immediately before the
<br /> taki�g. ureless Borrower and Leader otherwise a�ree in writin$or unless npplicable !aw othenvise provIdes. the proc�eeds shall
<br /> be applIod to the sums securEd by this Security InscNment whether or rtot the sucus are then due.
<br /> If the Property is abandoned by Borrower.or if.at?er nottce by Lender to Borrower that the condemnor offeis io mzl:a xs
<br /> award or settle a claim far dmnnges. Borrower fails to respom!to l.ender within 30 days after the date the aotice is given.
<br /> i.ender is authorized to collect and apply the ptooeeds,at its option,eitlier to restoration or repair of th�Property or to the sums �
<br /> ' setured by this Scxurity insuument,whether or not then due.
<br /> Unless t.ender suM 9orrower otherwise agree in•writing. any app(icncion of proceeds ro pr3ncipal shall not extend or
<br /> postpane the due date of the monthly payments referred ta in pnragraphs 1 and 2 or chan$e the a►nouat of such payments.
<br /> I l.Bormwer rot Rdeased;Forbearame By I.ender Not a Waiver.Extension of the time for payment or modificadon
<br /> of amorti�adan of the sums secured by this Secudry Instrument granted by l.ender to any successor in Interest of Borrawer shall
<br /> not operate to release the liabiltty of the original Borrower ar Borrower's successors in interest.I.ender shall not be nequired to �
<br /> ;`. � commence praceedings against any succ�ssor ln interest ar refuse to extend time for payment or otherwisc modify amortization
<br /> of the sums secured by this SecurIty Insm►ment by reason of eny demand mnde by the original Borrower or Borrower's
<br /> �` __ _ _ _ successors in interest. My forbearance by [.ender in exerclsing any right or remedy shall not be a waiver of or preclude the
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<br /> � exerclse of any ri�;ht or r�medy.
<br /> 12. Saccessors aad Assl�ns Botutd;Joint and Seve�l Littbtitty; Casigne�s. The cavenants and sIIreements of this
<br /> Security Instrument shall bind and benefit the successors and ussi�ns of Lender and Borrower. subject to the provisions of
<br /> ,. paragc�y�h t7. BorrowEPs covenants and agrcemenu shall be joint �►d several. Any Borrower who casigns this Security
<br /> Instruntent buc does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, granc and convey that
<br /> �� Borrower's interest in the Property under the terms of this Securiry Instrument;tb) is not personally obligated to pay the sums
<br /> secured by thls Security Instcum..nt:and(c1 ugrees that Lender und any other Borrower may agme to extend.modify.forbear or
<br /> make�ny necommalations with regard to the terms of this Securiry Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges.If the lonn secured by thts Securiry Instrument is subjcxt to a law whlch sets maximum Ioan charges.
<br /> und that law is finally interpretod so that tht interest or other loan char�;es collected or to be coltected in connectIon with the
<br /> e loan exceed the peimitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to rrduce the charge -
<br /> to the perrtdtted limit; and (b)any sums alc�zdy collected from Borrower which excceded permitted limits will be refunded to �
<br /> B4rrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct _
<br /> . payment to Borrower. If a refund ceduces principal. the reductlon will be treated as a purtial prepayment withaut siny =-
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<br /> prepayment charge under the Note. -
<br /> �,.�,, _ f 14.Notices.Any notice to Borrower provida!for in this Securiry Instrument shall be given by delivering it or by mailin�
<br /> it by first class mail unl�ss applicable law requires use uf another method.The notice shal! be directed to the Property Address - -_
<br /> �:�L'-`, or any other addrPSS Bomower designates by notice to Lender. Any notice to L.ender shall be given by first class mail to __
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<br />- _;.�-;:,»�.. Lender's uddress stated herein or any other address L.ender designates by notice w $arrower. Any notice providad for in this
<br /> �•:��;�:" Security Instrument shall be deemed to have been�iven to Borrower or Lender when given as provided i«this para�raph. •�
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<br /> '�" "" 1S.Governins Law; Severability. This Security Instn�ment shall bc govemed by feder:� law and the law of the
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<br /> •�'� ?!r;`�i�G.," jurisdicdon in which the Property is located. ln the event that any provision or clause of this Security insttument or the Note
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<br /> ,�.-:.. contlicu with applicable law,such contlict shall not affect other provisions of this Security instrument or the Note which can be
<br /> � �`����`�'� given effect without the mnflicting provision. To this end the provisions of this Security Instniment und the Note ure declured •
<br /> -r='�^:' � -�'�,;'�• to be severable.
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<br /> � s 16.Borrower's Copy.Borrower shull be�iven one conformed copy nf the Note and of this Security Instrument.
<br /> ~, Wnn 3028 9190
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