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<br /> . ,, �: payu:::ut.'l lil'4�7 fln IQSI��CP IS;;rc��uircil,at tl��aptio�e of I,end:r, if mc�rt�o�c insur.uicc mvem�;��l`IYii�c simau�it r.nd is�r��L'(T�E'IOfI .�.
<br /> ��I�� [L'�2 y.C111�.CY tY:NUII'Ct;)�)i'OVIf�CLI�Y :111 II15U1'a^,Y.l[Sj)('OVCI�Vy �.(:tl(�CP flJ;fllil�1fCQ11lC5{lYUI��I��L'flll��S(1�II.IIIICi�, I�urrn�e�cr slr�ll p:ly
<br />-=°�l:;;;�Mi�:;�• the prc�i�iunt�rcquirecl ro m�in4uim m�rlgage insurance in cifcct,or to pravicle a lass resetve,uutil thc rcquirem:nt for mort�age •.��;,
<br /> � ii7sur,�nce ends in iiccardance with�:ny�veitten:�greemcnt bctween Borro�ti�cr and I.cnder or applicablc Inw. �"=
<br /> --=��`��"'� �',v';-
<br /> 9. Inspectlon. l.ender ar its agent mny make reasoiiable ciue•ics upon and inspectioris of tlie Property. I.ender shaU givc
<br /> •-_ __._:_c,� �m•rmver natir.e at the timr,of or prior tn nn inspecti�n specifyin�reasonahle cnuse for th�inspection. ---
<br /> 1(?. Condcrz�nAEioe�. 'I'he proccals uf cuiy u�vurd ur clai►n fiii•Jumagc:+, diru:t�yr conscquential, in conncct=on �vith :my �--'��-
<br /> ------ wndcmnation or otl�er taking of nny p.�rt of thc['ropeity, or for convcynnce in licu of mndcmnatton. urs hercby assigncd and
<br /> .�=�� shall bc paid to L.cndcr. �r-
<br /> In the event of a total taking of the Property, thc pracecds shail be appl icd ro thc�ums secured by this Security Instn�ment. �ti�'•`
<br /> whcther or not thc;n due, with any excess pai� to Borrawer. In th�evcnt of a partiul tnking of thc Proptny in which the tiair �':��
<br /> --_== market valuc of thc Propeny immediately bcfore thc taking is cqual to or�reatcr than thc a�nount of thc sums sccurcd by this :'�
<br />-- === Securiry Instrument immcdiatety befor�thc taking., uuless Borro�ver and Lendcr othcnvis�agrce in�vriting,tlie suins securcd by
<br /> _.� _=_� diis Security Instrument shall be reduced by the amount of the procecds multiplied by the following fraction: (n) the total _
<br /> ---__ amount of thc sums secured immedintely beforc the tukin�, divid�d by (b) the fair market valuc of thc Propeny immcdiatcly �� �.
<br /> °--=•==��� before the takin�. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in tvhich the fair s.�;��.
<br /> - -_�:=�„�.�
<br /> - _—= niarkct v�lue of the Propeny immediately beforc ehc taking is less thau thc amount of thc sums secured immediately beforc the
<br /> --= tlking, unless Burrower and L.cnder othenvise agree in writing or unless applicable law otherwise pravidcs, the pmcccds shall �
<br /> --—�_-=���s be applied to the sums securect by t{iis Security Instrument whether or not the sums are then due. _
<br /> �r_=ro�
<br />__�:,��,�y-�� If the Fropeny is abandoned by Bcrcower,or if, after notice by L.cnder to Borrowcr that the condemnor offcrs to makc an „
<br /> °;_,.;.;� a�vard ar settle a claim for damases, Horro�ver fails to respond to L.cndcr within 30 dAys aftcr the date the notice is given,
<br /> �VY'" L.endcr is authorized to collcct and apply the prom.eds,at its option,either to restoration or repair of the Properiy or to the sums
<br /> -1'::..'.' ..
<br /> � �'�'`-'��'`P,`�� secured by this Securiry Instrument,whether or not then due.
<br />;;�.�:{:;�'h�;;-,:ti
<br /> ,.�. ,, ,.- � Unless I.ender and Borro�ver othenvise ag�ee in writing, any application of proceeds to principal shall not extend or
<br /> � '-_�::.�.�! postpone the due date ot'z�he nionthly payments referred ro in parugraplis 1 and 2 or change the amount of such payrnents.
<br />-_�>='=�!�;�y�- 11.Borrower Not Released; Forbeurance By Lender Not a Waiver. Extension of the time fnr payment or modification �
<br />=��':'��`-�'����:.. of amortizat.ion of thc sums secured by this Security Instrument granted by Lender to any successor in interest of Burrower shall �
<br /> _-_'„�.:� _.::..
<br /> _ •��,'.:��.. not operate to��clease tne liability of the original Borrower or Borrower's successon in intr.rest. Lcnder shall not be requireci to
<br />-`�_=.��:`+...,�.:
<br />--�_��•%�i�'t�'-�;• c commence proceedings aEainst any successor in interest or refusc to cxtend timc for payme»t or othenvise modify mnonization
<br />�r:F��''�"" �'�� of the sums sccurcd by this Security Instrument by rcason of any demund madc by the uriginal Borrowcr or Borrower's
<br />�===:�=_ '-�`�� � suecessors in interest. Any forbearance by Lender in cxercising any nght or remeay shalt not ue a wuivcr oi or preciuuc ii�c ;�;,
<br />-�' �i�:.:�t.al:,. . ..
<br /> R;, .y�.;...,,�;��, exercise of any right ur remedy.
<br />"'�� '�'�`' �'�';� ''' 12. Successors anc! Assigns Bound; Joini and Several Linbility; Co-signers. The covenants and a�rcements of this ''��
<br /> .�°:.�.,�..., �
<br />?'A;,,;`;�'-'-�.'��• �•'`"� Security [nstrument shaU bind �u►d benefit the successors and assigns of Le.nder and Borro�ver, subject to the provisions of �
<br />'�}��'� ���'�:.' '`� � paragroph 17. Borrower's �ovenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> � ��"�� `'' �` lnstrument but does nol execute the lVote: (a) is co-si*nin this Securit Instrument onl to mort a e �rant and conve that
<br />�,.:r.ti:. .�'.:g,'/c .:' b S Y Y S S • b Y
<br /> �'��:r':�,;.��ti *. Borrower's intcrest in the Propcny under thc terms of this Suurity Instrument;(b)is not persunally obligated to pay the sums
<br />�'°�•dr ��;�:.�;_�'-��• secured by this Sccurity instrumenr and(c)agrces that Lcndcr and any othcr Borruwer may agrce w extend, n�odi fy,forbcar or � ;4
<br /> -'���-'T-���='�" make any accommodations with regord to the terms of this Security Instrument or the Nnte without that Borrower's consent.
<br />. -:MM;': ..-.r:: .+ -
<br />.�,h.r•- --�n•,.. 13.I.onn Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, ,.
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<br />_�.•�� and that law is f[nally interpreted so that the intere�t or othcr loan chargcs c�Ucctcd or to be collcctcd in connection with the
<br /> ;:'T,�.ma:yp*•iw• loan exceed the permitte�i limits, then: (a)any such loan charge shall be reciuced by che amount necessary to rr,�uce the charge .
<br />.--.==r:`�'���� to the permitted limit; and(b)any sums already collected from Borrower which cxcecded permitted limits will bc refunded to
<br />=;;;��;�;����::;�,`�� Borrower. Lender may choose to make this refund by reducing the principal c�weci under die Note or by msking a direct
<br /> =:r�a:���"';:��., payment to Borrower. li a refund reduces pnncipul, the reciurtion �vill be trcatcd as a partial prcpayment without any
<br />-;.'�t'�:;,_..�:.:�;,'� ' prcpayment charge under the Note.
<br /> -_ , . . 14.1�'otices.Any notice to Borrower provided for in this Security Instrument shall bc given by delivering it or by mailing
<br /> - ' it by first class mail unless applicable law requires use of another methai. 'fhc notice +hull be directed to the Property Address
<br /> ° __ ` '�., �., or any othct address B�rrowcr designates by notice to Lender. Any noticc to Lendcr shull he given by first elatis mail to
<br />_- --= Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> '� - , " Sccurity Instrument shall be decmed to have bcen given to Borro�ver or L.cnder when Eivcn as providcd in this paragraph.
<br />�� ., 1S.Governing Law; Severnbflity. 1'his Security In�trumcnt shall be guvcrned by federal law and thc law of the
<br /> '�;?; � . � jurisdiction in which tNe Property is located. In the event that any provision or clause of this Security Instrument or the Note
<br />: :�: . conflicts with applicablc law, such conFlict shall not afCect other pmvisions of this Sccurity Imwment or the Note which can be
<br /> •� - � given effect aithout the conflicting prrnision. Tu this end the provisions of this Securiry Insttvment and thc Note are declared
<br /> to bc scverablc.
<br /> " � . 16.Borrower's Copy. IIorrowcr shall be gi ven one conformed wpy of the Note and of this Securiry imtrumcnt. I
<br /> �
<br /> . Form 3028 9190
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