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<br />_- °. *' • ; payipents muy no lon�er be required.nt the ontiun af l.ender, if nwrtsagc: insurance cavernge(in the ann�unt und fbr the periud . . —
<br /> � ,� • �hat l.r:�dcr rcc�uires) providcd by an insurcr cipprovcd by Lcuder ngt�in heco�ncs availublc.ind is obtnincd. Hon�iwer tihall pay ' ''::}�-;._
<br />:s--:_� �.,; .- the prcm+ums rcyuired to maim�.in martgnge insuiY�nce in efi'ect, or t�provide a loss reserve,unlil thc requirenunt for morigage �. _ —
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<br />:,�+��° •• insur.�n�c ends in nccnrdance with nny written:ibrcement hetwcen Uorrower aitd I,ender or upplicublc luw. •�,,:��,;;,�;�;,�_.
<br /> _;,1;, ; . � 9. Ilns�.ctlon. I.cnder ur its a�!cm inay m.ikc r�asunublc entrics upun nnd inspcctions uf lhc Propeny. l�:n dcr s ha l l give •. _
<br />--"~'n'�'_�`r;',��:-.��`; f3orrower ni�lice.�t the thnc of or prior to nn inspcctian specifying rcasonahlc cause for the inspectiun. �'
<br />�,_... ':''s}/.tSitril2�.
<br /> � , . � !0. Condemntttlon. Thc prncccds of any awnrd ��r claim for damagcs, dircct or conscqucntial, in conncciion aith uny •�- .r�•L•�_-•-_
<br />=; .; - condcmnutiim or u►hcr mking of nny part cif thc Propr.r�y,or fur cunvcyancc in licu od�condcmnation. <<rc hcrcby nssigncd,md - _- .
<br />-•�. .. . tihnll Nc paid to I.cnder. ,,, ..� __-_
<br /> r`' . In the evcnt uf a tou�l taking of the Property.the prucceds shall be applicd to the sums secured hy this Security Instrument, —_
<br />- whcthcr ur izot thcn duc, with any cxcess paid to Borrowcr. In thc evc�xt o( a partial t:ilcing of the Properry in which thc fair • __
<br /> °��-�••• �" market vuluc of the Property immccliately beforc thc taking is cyuul tu or grcater thun thc amaunt of the sitms sccured by tleis � . :�-"
<br /> � � � Securiry 6�s�rumcnt immediatcly bcforc the mking, unlc�s Borruwcr and Lcnder othenvisc a�;rcc in writing,thc sums securcd by '�:,;5-1�a::���
<br /> � ' � � this Securiry Instnmient shall be reduced by the amauiu of the pmccedti multiplied by the f�llo�ving fru�tion: (a) the total +�=
<br /> . .� v�`�
<br />?_� • umount of thc sums sccurcd immuiiately beforc the taking, divided hy (b)thc fair markct vulue of the Property immcdiatcly :
<br /> - •• • -� • befa�e the takin�. Any balnnc� shall be paid to Borrower. In the event uf a partial taking of the Property in which the fair •,,;,�.�y .�;,•_,_� i
<br />_ . markct value of the Propeny immediatcly before the tnking is less than thc nmount nf thc sums s�curcci immedintcly bcforc die ' ..� t '�'''
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<br /> taking, unless Borrovs+cr and[..ender othenvise agrec in writing or unlcss applicable la�v otherwisc providc.s, the proceeds shall ..��=r_:•--�
<br />__ , ' be applied to the sums secured by this Securiry Instrument whcther ar nat the sums are thcn due. �:"�:��h.''"�=`��'-
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<br />= I(the P��operty is abnndoncJ by Barrower, or if,after naticc hy Lcnctcr to Borrower thut thc condemnor offers to malcc an • ``"""' __.
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<br />- award or scttle a claim for damuges. Borcower fails to respond to l.�ndcr within 30 days aftcr the Jate the notice is given. ;L �`�y...--.
<br />' ., . ~ I.endcr is authoriud to collcct and apply the protceds,at its aption, cithcr tn restoration or rcpair of thc Property or to the sums ��,,;��-;.�;,�1�,
<br /> secured 5y this Security Instrumcnt,whether or not thcn due. � �
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<br /> � " Unless Lcndcr and Borrower otherwisc a rcr: in writin an a lication af rocecds to rinci il shall not extcnd or °.'r;i�,,a�.,yir,�:
<br />• ' � postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments. "_, 6��'��''�.n--
<br /> � ���/f".�I(w��i���
<br /> • 11. Borrower Not Released;Forbeurnnce By Lender Not u Waiver.Extension of the time for payment or modification , w
<br />- � of amortiz:ttion��f the sums sccured by thiti Securiry Instrument gnnted by I.ender to any succcssor in interest of Borrower shall 'c;^�
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<br /> ,. not operatc to rele:�sc the liability of thc original Borrowcr or Borrawer's succcsson in interest. Lcndcr shall not be rcquired to • . '
<br /> - -- -- _..:__._.... ............... :„ :,,�,,..r ...�ntiw��rn nrtnn�I�itlb! fnr n:�vm�•N nr n�herwisc modifV amortization 3. � _.
<br /> : � __ � rnmmencc proccriiiuba itguu���n.�r ,u�..�.,b.,� ��. �...�.LS. .,. ... _.._.._... ,..� .- . ,
<br /> � of the sums sccurcd by this Security Instrument by reason of xny dcmand �nadc by the original Borrower or Borrower's ��' _
<br /> successors in interest. Any forbearance hy Lender in exercising any right or remedy shall ni�t be a waivcr of or preclude the j
<br /> ' ' exercise of any right or remedy. y �,' ��
<br /> ' ' � A2. Succ�ssors und Asslgns Bound;Joint nnd Several Uability; Co-signers. Thc covenants :�nd ugrcc��lcnts of this '�`•
<br /> � . Securiry Instrument shnll bind and benefit the successors and assi�ns of Lender and Borrower, subject to the provisions of
<br /> �� paragraph 17. Borrowcr's covenants and agreements shall bc joint and several. Any Borrower who co-signs this Security '"`'��
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<br /> Instn►ment but does not execute the Note: (a) is co-signing this Security Instnmlent only to inortgage, grant and comey that I �. ,.
<br /> - �, ., � . Borrower's intcrest in thc Property under the tcrnis of this Sccurity Instn�ment; (b)is not pertionally obligateci ro pay the sums ',,,:' *" •
<br /> secured by this Security Instrument;und(c)agrecs that l.cnder and any other Borrower may ugrec to extend, modify,forbcar or �'�''�, ;
<br /> ' ;i;;. makc any accommodations with regard to ihe terms of this Security Instrument or the Ncne w�ithout that Borrower's consent. !'•'� �� ;
<br />' �•�,'�•�t • 13. Lnan Chur�;es. If the loan secured by this Sccurity Instrument is subject to a law which sets maximum lonn charges, + '' �` ��
<br /> ... .,,., • �: .
<br /> . •4 . and that law is finally interpreted so that the interest or other loan charges coUected or to be mllected in connection with the �ti:�_••—
<br /> • �j.� , loan exeeed the p.rmitted limits, then: (a)any such loan chargc shall be reduced by the a�uount necessary to reduce the charge �°,-' '"'��.�;�-•
<br />- ,. �c to the pem►itteci lintit;and(b)any sums ulready collected from Borrower which �xceeded permitted limits will be ret'unded ro "��;�``' "t•, ��'' _
<br /> � " " Borrower. L.ender 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 reduces principal, the re.ductinn will be treated as a partial prepayment without uny ' ���
<br />_, prepayment chargc under the Notc. i5 �-=!
<br /> 14.Notices.Any notice ro Burrower provided for in this Sccurity Instrument shall be given by dclivering it or by mailing �'' 'm'
<br />;,a it by first class mail unless applicable law requires use of anather method.The ncnice shall be directeJ to the Propeny Address � `6�°_
<br /> L••;.
<br />° � or any other address Borrower designatex by notice to L.ender. Any notice to Lender shall bc �iven by fi►st class mail to ,','14, +'v-°
<br />� � � I.ender's address statcd hercin or any other�ddress l,endcr designates by noticc to Borrowcr. Any noticc prmidcd for in this � i� �!
<br /> q�• . Sccurity Instrumcnt shull bc decmed to havc heen given to Borrower ur Lendcr when given as provided in this paragraph. �• ''"��
<br />-� '� } 15.Governing Law; 5evernbilEty. Tliis Security Instrument �haU bc govcmal by Federnl law anJ the I;�w ut'thc ; .��;
<br />. i '' jurisdiction in which the Property is located. In rhe evrnt thut any provision or clause of this Securiry Instrument ur the N��te ? �
<br /> � � , conflicts with applicable law, sunc�ontlict�hall not affect other provisionx of this Sccuriry Instrument or the Notc which ran be I ,.�
<br /> givcn 4ffeci without thc canflicting provision. To this cnd thc provisions of this Sccurity instrumcnt and thc Notc arc dcclarcd I , • a ,
<br /> ' ro be sevcrable. i' �� i
<br /> � 16.(3orro�ver's Copy.Bo�TOwcr shall he givcn vnc conformed ropy nf the Notc and of this Scrurity Instrument. ��'
<br /> * k Form 3028 9190 � '
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