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<br /> �� , , payments may no longcr bc rcquircd, at thc option nf I.cndcr. if murtgugc insurancc co�crugc (in thc nmuunt und titt thc periud � �-
<br /> � that(.ender rcquires)providcd by an insurcr upprovcJ by L.cndcr again bccomes availublc aud is obtaincd. Hurrowcr sludl pay
<br /> � tlie premiums required to maintain mortgage insurnnc�in s:(fect,or to provid�:a loss re�ervc, until the requirement for mortgn�;c � —
<br /> insurance ends in accordanee with uny wriuen agreement between Borrower and l.ender or applicuble la�v. "
<br /> . 9. IntipecNon. I.cndcr or its aFettt muy makc rcau�nahle cntrics upun .md inspectiims uf thc Property. L,cndcr�hall givc . .�„
<br /> Borrowcr noticc at thc tintc of or prior to an inspcction specifying rca�onublc causc for chc impcc�iun. _,.-
<br /> 10.Candemnatlan. The proceccls of any award or claim for damngcs,direct or con�cyuential, in conncctiun with any --_
<br /> condcmnntion or othcr taking of any part uf thc Pr�pcny,ur fiir convcyancc in licu of condcmnatiim, are hcrchy assigncd and �
<br /> " shall be paid ta Lendcr. � �'`
<br /> in the event of a total taking of the Propert,y,the proceeds shall he upplied to the �ums secured hy this Security Instrument, -�•_
<br /> �vhether or not then duc, with any exccss paid to 6arrowcr. In thc e��ent of a panial taking uf thc Propcny in which thc fair �,;_�
<br /> " market value of the Pmperty immediately beforc thc taki ng is cqual to or grcatcr Ihan the amount of lire ,ums secured by this �.;...
<br /> Secutity Instrument intmediately before the taking,unles+ Borrower and Lender otherwise agree in writing, the sums secureci by :--
<br /> this Security Instrument ,hall be reducecl by the amow�t of the proeeeds multiplied by the following fraction: (a) the total �• ", �.�_-�.
<br /> �� amount of thc sums secured immediatcly bcfore the taki ng, divideci by (b) the fair markct valuc of thc Propeny immccliutcly .��•�_:
<br /> . beforc the taking. Any bulunce shall bc paid t� Borrmver. [n thc cvcnt of a partial taking of thc Property in which the fait . • •_,!,�,
<br /> market vuluc of the Property immediutely beforc the taki ng is Iess than the amount of the sums sccured immediatcly before thc , ��. ti��_
<br /> tuking. uufess Borro�FCr and Lender nthenvise agrce in wriring or untess appli�ablc law athenvise provides, the proceeds shall M1�_�i';�_
<br /> bc applicd to the sums�ecurcd by this Security Insu-ument whethcr or not the sums are then due. �•°'�=�__-----
<br /> :3��tr�i�m`�
<br /> � If thc Praperty is abandoned by Borrowcr, or if.aftcr notice by L.ender to Borrower that thc condcmnor offcrs to make an '_—__
<br /> �,�r.
<br /> award or settic u claim fur dam3gcs. Borrowcr fails to respond to I.�nder within 30 days after thc datc the nocice is given, _ --
<br /> Lender is uuthorized to collcct and apply thc prcicccds,at its option,cithcr to rcstoration or repair of the Property or ro thc sums _ _-
<br /> sccured by this Security[nstrument,whethcr or not then due. __ _
<br /> Unless L.ender and Bormwer otherwise agree in writing. any application of procecds to principal shaU nat extend or
<br /> �� pnstponc the duc datc of thc monthly payments rcfcrrcd to in paragraphs I and 2 or chan�e thc amount of such payments. _--
<br /> 11.Bnrrower Nnt Relcused;For6curance By I,ender Nat a Wuiver. Fxtension of thc timc for payment or modification _
<br /> of amorti-ration of thc sums sccurcd by this Sccuriry lnstrumcnt granted by L.ender to any successor in interest of Borrower shall ���
<br /> not operate to release the liabiliry of the original Borrower or Rorrower's successors in interest. Lender shall not be required to
<br /> __,___ ..._........... ...........,,:.,...�...,•,��„t ���.,c��rr��ccclr i�l IIIICI'CSl or refuue to extend time for payment or otherwise modify amortization �,�,,,
<br /> � a,ullu�t�.�i��, t.�vr..w...b..»b......, � - .
<br /> of thc su�ns sccurcd by this Security Instrumcnt by rcason of any dcmxnd made by thc original Bonowcr or Bortowcr's ��,...�
<br /> su�eessors in interest. Any forbearance hy LenJer in exercising uny right or remedy shall not be a waiver of or preclude the ����a?�'►"-
<br /> • excrci�e of any right or remedy. . ���
<br /> 12. Successors und Assigns Bound; Joint and Severul I.iabllity; �o-signers. The covenants and agreements of this �'a°
<br /> " Sccuriry Instrument shaU bind anJ benefit the sucressc�rs and as�igns of Lender and Borcower, subject ta the provisions of �a�.
<br /> f:;'_
<br /> . paragraph 17. Borro�ver's covenants und agrcements shall be joint and scveral. Any Horrower who ca-signs Qiis Securiry -R�c,M
<br /> Instrument but does not execute the hote: (al is co•signing this Security Instrument only to mortguge. �rant and convey thnt , ,_
<br /> " Borrower's interest in the Pmperty under thc terms o(this Security Instrununt; (b) is nat persnnally obligatesl to pay the sums r
<br /> secured by this Secsirity Instrument: and(c)agrecs that Lendcr und�ny other Borrower may agree to extend, modify, forbear or �! i`-�
<br /> makc any acccimmodutions with rcgard to thc tcrms c�f�h is Sccurity Instrument ur thc Notc without that Borrowcr's conscnt. .� _
<br /> ' 13. I.osin Charges. if[he Ic�un tiecured by this 5�curity Instrument is subject to a law which sets maximum loan charges, �-
<br /> � und:hat luw is finally interpreted so that the intenst or other loun churges collected or w be collected in comiection with the `�� •
<br /> loan cxceed the permitted limits, then: (u) any tiurh loan charge�hall be reduced by the am��unt necessary to reduce the charge � .,=-.-
<br /> _.o-�—.
<br /> tc�the perrnitted limit:and (b) any tium�alrcad�� rulle�ted frum Eiorcower which exceeded permitted limits will be refunded to �-�+�..
<br /> � Bormwer. I.ender may choose to make this refund hy reducing �he principal o�ved under the Note or by making a direct "y,f���
<br /> payment to Borrower. It' a re.fund ndures principal, the reduction will be tre.•►ted ati a partial prepayment without un; .., _---
<br /> prcpa)�ment chargc unJcr thc Notc. ��` �:��"" �
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<br /> 14. Notices. Any nutice to B�irruwer provided for in this Security Instrument shall be given by delivering it or by mailing 7, u_
<br /> , it by tint class mail unletis xpplirable law rcyuires uu c�f another methoJ. Thr noti�e shall be directed ro the Property Address `"°��''"'''�'-_
<br /> -.�„_s._ -..-
<br /> c�r any othcr address Borrowcr dcsiNnat�ti by noticc tci I,endcr. Any noticc to L�:ndcr shall bc givcn by Crst class mail to �,,�'��;;i�i,�,.
<br /> Lendcr's .sdJress�tatcd hcrcin or any othcr addres�Lendcr dcsignates by noticc to Aorru�vcr. Any notice provided for in this ��, ��
<br /> ��,__..
<br /> � Security Instrurncnt�hal(hc Jcemcd tc�navc hccn�ivcn to f3urrower or IAndcr whcn given as providcd in this paragraph. � �. 1�-
<br /> .;.�.
<br /> 15. Govcrnhi�; I.aw; Sevcrnbility. 7'his Sccurity [nstrumcnt shall hc govcmcd by fcdcral la�v and thc law oF thc � :�-,..
<br /> ; jurisdiction in whirh the Property is lucuted. In the ev�;nt that any provisiun or clause af this Securiry Instrument or the Note r�<
<br /> canflicts with applirahlc Ixw, tiu�h ronflict shall nc�t affctt othcr prnvisiuns of this Scrurity Instrumcnt ur thc Notc which can be , LY�
<br /> • � given effect without the conflirting provisiun. Tu this end the pri�visions eif this Sccurity Intitrument and the Note are declared � �,�,�
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<br /> to bc scvcrahlc. t �:
<br /> l6. Borro�ti•er's Copy. Borro�vcr tihall h�given one canfi�rmed rupy e�t the Notc anJ c�f this Security hixtrument. •;� �,
<br /> ;
<br /> Form 30?.8 9190 '
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