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<br /> � `. .E:,�• ' � payments may na longer be requfred.at the opdon�f L.ender.•if mortgage insurance covecage(in the aznoumt and for ch�pe�iod : - sy„
<br /> _'�� ,.• .r�'.��<� �,'' f that i,ender tequites)Provlded by an iasurer upproved by L�ender agaia becomes available ond is o6rained.Borrower sl�all pay ' .
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<br /> ,����� �"` • � � �'. i the ptemiums requimd to maintain mortgage insurance in effect,or w provide a loss reserve,until che requireuient fos•mortgage f�: .. . --
<br /> . .��.. � .
<br /> �•�� � ' insutianoe ends in aCCUrdance wi�h any�vritten agrcement betcvern Eorrower aad Lenderor applicable taw. F:, � . , �.
<br /> ^� �. +• ,� 9,I�dos�.Lender or its agent may makQ reasonable eniries upon and iasgections of the Froperty.Lender shali�ive `{ ` _
<br /> �_ `; � Barrower•nattee at the tima of or prior to an inspeaion specifyin�ressonable cause for ths iaspettian. _ �.:- - °
<br /> '.;, . ' 10. Condema�atioa. The ptnceeds of any award or glaim far damages.dimct or consequential. in conaection cvith any � r- �� �.:
<br /> �� � oon demna pon or other takin g of any part of the Propercy,or for conveyance in lieu oi con�emnacion. are hereby assigned and, _�
<br /> � . , ; , ' � �,�_ �._,_.
<br /> ---� ::• �'� . shali be paid to I.emder. , _
<br /> _�• " fn Ehe event af a total talang of the Property,the pmceeds sha11 be applieQ to the sums secured by tlus Securiry h�strame�►� :
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<br /> -���. ', .�,. , whether or not then due, with any excess paid to Borrower. In the event of a purtial taking of the Properiy in which the fair ;-, �>,.x•__
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<br /> market value of tf�Properry immediately before the taking is eqiial to or greater than the amaunt of the sums secured by this ,,��
<br />-- ` . . ; :• " Security[nsuvment immediately before the taking,unless Borrower and I.eu�er otherwis�agr�e in writing,the sums secured hY •...,��'-"'W""-
<br /> .,� �, . ,...` �. . �i
<br /> ° this Security Iastrument shall be reduced by ths amount of the proceeds multiplied by the following fraction: (a)the Wta1 _<�,�
<br /> ' . amount of the sunos secxired immediately before the taking, divided by(6) the fair macket value of t6e Property�**+m�;arPty �
<br /> � ����� -:
<br /> 'z � ' 6efore the taking- Any balance shaU be paid to Borrower. In t�e event of a partial taldng af the Property in which the fair
<br /> -�'. •
<br /> market value of ttRe Property immediately 6efore the takiag is I�s than the amount of the sums secured immediately befc:e the �`==-_ �
<br /> �� ��`•� . � '' ' taldng,unless Bormwer and Lender otherwise agree in writin8�'unless applicable law otherwise provides,the praceeas shall !�_��_ —
<br />. �'f°��.� : ' •-. � ; be applied to the sums sa.�ured by this Security Ins�'�sn�t n-heth�'or not the s�s are then due. - --
<br /> �. s..r.. '��%�r',�:`; : � �r� --_
<br /> f .,:: :. s"`..;:...:s. � ,_._. .If the P�operty is abandoned byT Borrawer.or i,,a8er snrice by Lender to Bomower that the eonde�ar offers to make an = �
<br /> — - -.: .-- .. . '
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<br /> ` % ..' ��:•i.j... ';•.,' awatd O*�.ttle a claim for damages,Borrower fails�fo�i'esponc tts�Ixmier�vitiurr�30-days-z.�`ter the-date-the�nouce-�s-.gtven,-.. ._.--- �.'---
<br /> � i�der is authorized to callect and apply the proc�cls,at iu opuon,either to rescoration or repair of the Property or W the sums .__.______
<br /> �" se�vred bp this Security Insvument.whether or noi then due. ---
<br /> :_ . _. _;... �' Unless Lender and Borrower otherwise agree in writing, any appiication of proc�s to prinsipal shall not extend or _
<br /> _ � , • postpone the due date of the monthly payments referred to in paragraphs i and 2 or change the amount of such payments. �
<br /> ' ' 11.Borrower Not Reieased;Forbearance By Lender Not a Waiver.Extension of the time for payment or modif catioa - ����-
<br /> ' ' of amortization af the sums secured by this Secnrity instnunent�ranted by i.ender t�any successor in.interest of Borrower shaU . �_
<br /> �� � . , aot aperate to retc�se the liability of the original Bonower or Borrowei s successors in interest.�ender shal!not be requimd to ��
<br /> , . � commence proceedinss against any succ�sor in interest or refuse to extend time for payment�ar othenqise modify amortization -=
<br /> . • � of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's . �'�°
<br /> � r � • successors in interest.Any for6earance by Lender in exercisins arry right or remedy shaU not be a waiver of or preclude the
<br /> r'� ' . exetcise of any right or remedy. t�
<br /> 12. Suceessois and Assf�s Bouad;Joint and Several Liabfiity; Co-slgners. 11►e covenants and agreemenu of this '�-
<br /> . j . , 5ecurity Instrument shall bind and benefit the saccessnrs and assi�ns of Lender and Borrower. subject to the provIsions of �-:..
<br /> ' . paragraph 17. Bormwer's covenants and agreements shall 6e joint and several. Any Borrower who co-signs this Security `y f=
<br /> � - �� ' Instrumeat but does not execute the Note: (a)is co-signing,this Secusity Instrument anly to mortgage. grar►t and convey that `�,:'
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<br /> � . Borrower's interest in the Property under the terms of this Security Instrument:(b) is not personally obligated to pay tGe sums
<br /> - ='.'�'���-.�,: .: .� � secured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to eatend.modify:forbear or _ _ __i" .
<br /> :�; .� �: '; �� make any accomrnodahons with regard to the terms of this Securiry Instrument or the Note without that Bonower's¢onsent.
<br /> _y:. ��=� �°==�__'. � 13.Laan C6arges.If the toan secured by this Security instniment is subject to a law which sets ma�cimum loan charges. �yV
<br /> - ::.._�.:,�,. ,;
<br /> _- �-':�•:���r!� � �� and that law is finalty iccterpreted so that the interest or other laan"charges collected or to be collected in connec[ion with the �
<br /> -`;�,:-'�:`"°�' . toan excced tite permitted limits,then: (a)any such!oan chazge shall be reduced by the amount necessary to reduce the charge ,��_
<br /> _ • � . . . .. to the pemutted limit;and(b)any sums already collected from Borrower which exceeded permittod limits will bs refunded to �_ _
<br />._.�r.':•� . ,� . ' :: ! Borrower. l.ender az.�y choose to make this refund by reducing the prirsipal owed under the Note ar by making a direct W:�.�
<br /> - , payment to Borrower. If a refund reduces principul. the reduction wiil be treated as a partial p:�sayment without any ���-�---
<br /> ��. _
<br /> �s':-.'� , � . . • ptepay^r.ent charge under the Note. . �r~
<br /> ti 4�.—'
<br /> - . �. l�.�Iottces.Any notice to Bonower provided for in this Security Instrument shatl be given by delivering it or by mailing . ����•�u-y
<br /> ��, it by f rst class mail unless applicuble Iaw requires us�of anotFeer method. The notice shall be directed to the Proper:y Address �r��"-,-,_
<br /> `-�". �• . ' . � or any other address Borrower designates by notice to Lender. Any no!ice to Lender shall be given by first class mail to r, '- _
<br /> =��'��. . � Lender's address stateA herein or nny other address Lender designates by notice to Borrower. Any notice provided for in this ,�-
<br /> �. ��}=•,
<br />--`'�:-=�� • � Securiry Instrument shall be deemed to have been given to Borrower ar I..ender when given as provided in this paragr�h. . • _
<br /> __,.�.:_,. .. -
<br />�_;;�:�<' 15.Governing Law; Sevet�►bility. This Security instrument shall be govemed by federal law and the law of the � -
<br /> `���±�`r . � jurisdicdon in which the Properry is located. In the event that any provision or clause of this Securiry Instrument or the Note . _
<br /> _ - - .�,k�• conflicts with applicable law,such wnflict shall not affect other provisions of this Securiry Instrument or the Note which cen be _
<br /> -- _==.'t,=.'='�-���i'-� given effect without the contlictin�pravision. To this end the provisions of thls 5ecurity Instrument and the Note are declared .. . . ,-
<br /> .��."::'.;' - - � , to be severable. � af the Note and of this Securit Instrument. ..� " ' -
<br /> 16.Borrower s Copy.Borrower shall bc given one coaformed wpy Y �.
<br /> :�-.,s,. � � , form 3D28 8I90 . :. . --
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