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<br /> �� �-� s�:� : . payxner►ts may ao longer be cequited.at the option of l.Rndcr,if mortgage insuraace coverage(in the,amount artd for tfae periacf . � -
<br /> ,�-:�:r. . :.. � -`: � thai Lender reguires}provided by an insnrer appmved b`p Lender again 6ecomes available and is obtaineQ. Borrower sball pay ----
<br /> ,� _ s :�:; ,. �
<br /> � '� :� thee Rremiums requtred to maintain mortgage insurance ia effea,or to provide a iou�eserve.until the r�uirement for mortgags �M` - -
<br /> : . ,�` ' ins�!�++c�ends in arcordance wrth any written agreement between BorroNrer aad Lender or applicabie Ia�v. �'��._�_=
<br /> � ` $ Y � apoa aad 'mspections of the Prppeny.Lender shaal g►ve -�� ��
<br /> • , 9.I a s p e c t ion.L.e n der or its a ent ma m a k e reasanal�fe entnes ' � :_
<br /> . .� Eorrower notioe az the time of or xior to an i ectian eci -� -._
<br /> ' .• P nsp sp fymg reasonabte cause for the inspectioa. '•' � f`
<br /> ,-; ..>:. __,.
<br /> !0.Condemnatton. T@e roceeds of an award or c)aim for dama es. direct or cons �`�'� ''`°°"--
<br /> P Y $ equentiai. in twmic�ction with�aay
<br /> � ` g y part of the Properry�or far cosiveyance in lieu of condem�na�on.are hereby assigned and ���
<br /> = ' condemnation or other takin of an ���=.=__-:�_�-
<br /> �`-'': . . �� _ shall be paid to Lender. _---�
<br /> ���� � In the event af a tota!taldng of the Property,the gmceeds shall be agplied to the sums secured by ti�is Secariry Irrssmment,
<br />_ . � ';�_��. ':"
<br />�,'��. � . ` � �� • whether or not then due, with any excess paid w Borrower. Tn t6e event of a paitial tatdng of the Property in wbich the fair ' —
<br /> �artcet value of the Property immediately before the taking is equal w or greaier thaa the amount of the sums sewred by tbis —
<br />"�`�` �;,.. '; ;�:�. ' Securi Instrument immediatel before tiie ,
<br /> ty y taking anless Bomower and L4ader othenvise agree in vrriting,the sums s�cured iry
<br /> ` �' � ''' � °� ` this S�curity Instrument shall be redaced by the amount of the proceeds mnitiplied by the following fractioa: (a) the total
<br />` .�' .: : `. amonm of the smns secured immadiazely before the taldag. divided 6y (b)the fair market vatue of the Property immediately
<br /> �.�� :: ., � before the tatdng. Any balance shall be paid to Borrawer. In the event of,a partial taking of the Property in which t6e fair
<br /> , market va1Qe of the Property immediatety before the takmg is less than the amount of the su�secured imme�'�ty before the .
<br /> ,`�., .: : . taldng,unless Sorrower and Lender otherwise a�ee in writing or unless applicable law oihernnse provides,ths proceeds shaU �
<br /> � •• . . � . . be appliat ta the sums secut�d by this Secariey Y�stramer.t whether or aot the sums are then due.
<br /> ` � � � " If ths Propeity is abandoned by Borrower,or if,a•�.,>z natice by Lender to Barrciwer that the condemnnr offers to make an �-
<br />'' ' � ra
<br /> '�� '` �'� •�: ---- .- - -award ar settte a.claim for damages, Burrower faiIs.t�,±�popd to Let�¢et witbin�J siaYs..atteuhe.sTate.tbe�otioe_is given,_ . _ ._.
<br /> t� �� . , Lender is auttiei�ized to collect ssnd apply the proc:eeds,at its option,eithet to restotation or tepair of die Pcoperty or to 4he sums -- ____
<br /> ' • <• secured by this 5ecurity Instrument,whether or not then dae. • � � ;
<br /> ; ,' . Unless �der.and Borrower otherwise agree in writing, any a�ptication of proceeds to principa! shalt t►ot extend ar
<br /> _ _. , _ - postpone the due date of the monthly paymenu nfemad to in paragraphs 1 and 2 or change the amouat of such paymtnts.
<br /> �_ . . _ li.Borroc�rer Not lieteaserl;-Fotbearaaoe Sq.I,��r Not g waiver.E�nsian of the-urne Tor payment or modificatioa "�
<br /> , c��aortiTation of the sums secured by this Security Insuaaient granted by Lender to any successor in interest of Borrower shall -- _ _ --_
<br /> , '. , . ' aat bperate to retease ttre liability of the original Borrower or Borrower's svccessors in inierest. I.�nder shal!not 6e required ta -
<br /> : _• ' '` '_ �ommence praceedings against any successor in interest cr refuse co extend time for payment or othervvise modify amnrtiration --
<br /> . . � � off t�e sums sesured by this Securiry Instrument by re^-son of any demand made by the original �onower or Borrower's • - �;
<br /> .,, � ��ssors ia interest. Any forbearance by Lender in exer�ising any right or remedy shall not be a waiver of or preclude tke �q9��
<br /> � • . � . , exercise of any right or reaiedy. ;,.;,,.
<br /> " • 12. S�ors and Assigas Bound;Joint and Several '�'y;Co-stgnees. The covenanu and agreements of t�is ��a,
<br /> , '.. • . . Security U�su-�nt shall bind and benefit the successoss and assi�s of Lender and Borrower, subject to the provisions of
<br /> • • paragruph 17. Borrower's covenanfs and agreemenu shall be 'oint and several. An Borrower who co-si this Securi .�•
<br /> � Y b'� tY �z,
<br /> �� Instrument but does not execute the NIote: (a)is co-signing this Security Instrument only to mortgage,grant�.�d convey that '?,�-.
<br /> Borrower's interest in the Property under the terms of this Security Instrument: (b)is not personally obligated to pay the sums ..-
<br />_ ; . secured by this Security Instrument;and(c)agrees that Lender and any oiher Borrower may agree to extend.modify.forbear or ,..�
<br /> - . _ , make any accommodations with regard W tt:Q ternu of this Security Instrument ar the Note withnut that Borrower's consen� :�:-;�-,� -�-
<br /> � . 13.Loan Cha�ges.If the loan secured by this Security Instrument is subject to a!aw whIch seu maaimum loan charges. `'��`
<br /> --.__. and[hat law is finalJy interpreted so that the interest or ec:�er loan char�es collected or to be collected in con�ection+.vith the ��,.�r- �
<br /> --' ��:��.::_
<br /> _��•=-�;,r��:�i.;'.., loan exreed the permitted limits.then: (a)any such loan charge shall be reduced by the amount necessary to re,,.�ce the charge --- --
<br /> '=� ... . to the permittea limit;and(b)any sums already coltected from Borra�er whieh exceeded permitted limits wi11 6e retunded to �°:-_;;��,��
<br />'•`-�_•, : Borrower. Lea�r m.ay chcose to make this refund by reducing ti�se Frincipal owed under the Note or by making a dirox - _- -- -
<br /> . .. .
<br />-._. =. �.
<br /> -�: • payment to Borrower. if a refund reduces principal. the reduction will be treated as a partial prepayment without any � —_-=—
<br /> � � • prepayment charge under the Note. . ' � �� , __
<br /> • . •14.Notices.Any notice to Eorrower provided for ia this Security Instrument shall be given 6y deliverin��or by mailing , ,-
<br /> _, : it by first class mail unless applicable law requires use of anather method.The notice shall be directed to the Propeny Address � '� �a :
<br /> � • or any other address Barrower designates Ly notice to Leacler. Any notice to Lender shall be given by first class mail to � �'� "�
<br /> -�� � • Lender's address stat e d hereiro-or any ot her a ddress L,ender designates by notice to Borrower. Any notice provided for in this � '
<br /> _ ; . . . ,�
<br /> °��� � Seca�rity lnstrument sl�all be Qeecned to have been given to Borrower or Lender when given as provided in this paragraph. ' "
<br /> ;"c+�"••. ; .� � � � _ .r.
<br /> ":•=.;�:: , 1S.Govemtng L,aw; SeverebiUty. This Security Instrument shall be governed by federal law and the law of the ' -
<br /> _;',;;�. ..' jurisdiction in which the Property is lopied. in the event that any provision or clause of this Sefurity lnstrument or the Note �� �� � � :
<br /> -_ , wnflicts with applicable law.such conflict shall not affect other pmvisions of this Security Inswment or the Noi�which can Be � • :;
<br /> ��r� given effect wiihout the conflicting provisica.To this end the provisions of this Securiry Instrument and the Note are dectared ' ' • •
<br /> """. •,�= to be severabte.
<br /> `-�`"'-��`:� �� :�. . 16.Borrower's Copy.Sorrower shall be given or.e confomred copy of�the Note and of this Security Instnu�ent. •
<br /> .:�: . . . _- , . .
<br /> "`�` . Form 3028 9190 . +.
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