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<br />. � � -�- � .. a meats IIiay no tonger be mguired,at the option of Lender.if mortgage insurance coverage l�n t��amount and or psrind =•��-",�
<br /> _. � -.-. -`- F Y • b an i��PPzaved by L,eu�der again becomes availahle and is�btained.Borrower shat!pay _ �a �,�.__
<br /> _ ttiat I.euder, reqnires)Provid� Y
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<br /> � �e pre��ms requi�ed cq maintain mortgage insuiance in effect•or to provide a loss reserve.umil the requirem�ent faF mortgage ` �-"'�_*� _
<br /> . , . � �t . insucat�ce ends in aavrdance�vith any wrinen agreeraent betwee�f Bonower and Lender or agplicable law. ���s��ve �:.--
<br /> � ' � 9.Inspestion.Lender or ics agent may make ceasonable entries upon arEd inspections of tAe Propercy. ----__
<br /> � ' Borrawer uotice at the 6me of or prior to an'saspectian specifying reasonable rause for the inspectiou: -
<br />. . • .,,''c'••. � 10.CoatlemnaHon. 'the proceeds of any award or claitn for darnages, direct or aonsequential. in cotmeciion with anY ---
<br /> coudemnation or other takino of azry pa11 of i1u.'P[oPcrty�ar for conveyance in lieu of condemnaiion,are hereby assigned and
<br /> • _ i shall be paid to Lender_ • , __._�
<br /> . - , In the event of a rotal takirg of the Property,the pmceeds shall b�applied to the sums sewrxd by this Security Instiumani.
<br /> ' ' _ � whether or not then due, with an3 excess paid to Borrower. Ii►the eveat of a pardal taking of the Pcoperty in which'the fair
<br /> . • ,•.. . market value of the Propertjr immediately before che tatdnS is ec1��o or great�r than the amount of the sums s�by this
<br /> � Securiry Insnument immediately before the talong.unless Borrower and Leuder othetvvise agree in writing�sums tec�red B3+
<br /> ,�• ' ' . . �his gecurity Instrument shalf be reduced by the ama�mt of the pmceeds multiplie� by tfie follawing fraction: (a) ihe total
<br /> • ` ' - amount of the sums secured immediately before the„t�kking.divided bY (b)the fair market�value of the Property immediatelY
<br /> . .,"`-'.,` � , before the tala�g. Any balance shall 6e paid to Borrower. In the event of a partial taking of the Pcoperry in which the fair
<br /> _�...-�-----:----•�-.__. _.___ .._..-�-----�-�--._ .. .
<br />` . :i s�cet value oi t�e Froper�y�i�lime�iai�tq�hefore-the taking-is tess-than-the�amountof the sumssecured immed!ately_befote the
<br />` ' , ` ,. � � t�ng,unless Borrower and I.ender othenvise agree in writing or unless applicable law othenvise provides,the proCeeds sha11
<br /> • .�. � � be applied to the sums secur�by this Security Instrument whethcr or nat the sums aze thea due.
<br /> • If the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the conde�or offers to make an
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<br /> - � � -- - -•- --- -award or-setde a claim for damages, Serrower fails to respond to Lender within 30 days after thc date the nobce �s&�e°•
<br /> � � � Lender is authbrized to colle�t and apply the proceeds,at its optian.either to restoraEion or repair of the Property or to the sums
<br /> • secured by this Security Instn�ment,whether or not then dae. � �i�tion of ceeds to principaJ shall not extend or� ���
<br /> ' ,� � Unless.Lender and Borrower otherwise agree in writing, any app p� g"�=
<br /> � •� �- - -� --• . � • - postpone thedue date of the monthly payments referred to in paragraphs i and 2 or change ehe ac¢ount of such payments•
<br /> • � ' li.Borrower Noi Released;Forbearance By Lendes Not a Waiver.Extension of the a:Le for pay.ment or modificatian ��:,
<br /> ' • of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall �;�;;._
<br /> • � • aot operate to 4elease.the I�:�.iliry of the original Borrower or Borrower's successors in interest. Lender shall not be required to �„w -
<br /> . � commence proceedings ag��-•t any successor in interest or refuse to extend time for payment or otherwise�dify amorcizatIon ;,
<br /> � - of the sums secnred by this Security Instnunent by reason of any demand made by the original Borm��er or Borrower's .T .�,__
<br /> , ' ' •� � ' • successors in interest. Any forbearance try Lender in exercising any right or remedy shall not Lse a waiver of or preclude the , • , _
<br /> , exercise of any right or remedy. � �'"`--�
<br /> ;. . ' 12. Snccessors and Assi�ns Bo�nd; Joint and Sevesal Liability; Co-sigaers• 77ie covenanu and a�eements of tius � _
<br />'� . � .' , � Secutity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, sub,{ect to the provisions of ��
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<br /> ' .• , ' paragraph 17. Bortower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security _� _ �= .
<br /> ' t n s t t um ent but does not execute the Note: (a)is co-signing this Security Instmment only to mortgage,gtant and convey that
<br /> . � ' ' Bonower's intcrest in the Property under the terms of this Securiry Insuument:(b)is not person a l ly o b liga t e d t o pay t h e s u m s �%''
<br /> . � secured by this Security Fivtrument:and(c)agrees that Lender and any other Borrower may agree to extend. madify.forbear or _
<br /> • � • � make any accommodatio:s with regard to the terms of this Serurity Instrument or the Note without that Bonower's consent. �
<br /> • • • 13.Loan Charges.If the loan secured by this 5ecurity Tnstrument is subject to a law which sets maximum ldan charges. ,�'��;��_ _
<br /> - "' � � � . and that !aw is finally interpreted so that the interest or other loan charges collected or to be coltected in connection with the ._}��.���
<br /> �•�� ' toan exceed the pemutted timits,then:(a)any such taan charge shall be reduced by the amount necessary to retluce the charge �, �'_
<br /> " � � . . - � to the permitted limit:and (b)any sums already coliected from Borrower which exceeded permitted limits will be refunded to ____
<br /> #•'' � . Borrower. Lender may cF.00se to make this refund by reducing the principai owed under the Note oi hy making a clireet . ""�
<br />-- . ' payment to Borruwer. If a refund reduces principal, the reduction wiQ be treated as a partial prepayment without any - r j
<br /> � � �. � ' prepayment chazge under the Note. , � � ` , �
<br />- `�"� � �. � 14.Nottees.Any notice to Borro�ver provided for in this 5ecurity[nsirument shall be given by delivering it or by mailing
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<br /> -' t ` � � � ' � � it by first clnss mail uniess applicable law requires use of another method:The notice shall be directed�to the Property Address , f,
<br /> . � � - or any other address Borrower designates by notice to Lender. Any notice eo Lender shall be given by first class mail to � ,
<br /> - :' • • Lender s address stated herein or any other address Lendcr designates by notice to Bonower. Any notice pruvided for in this
<br /> }° � � . �' Security lnstrument shall be dcemed to have been Siven ta Borrower or Lender when givcn as provided in this paragraph• }, �
<br /> } • 15.Governin� La�v; Severabifity. This Security Instrument sfiall be governed by fcderat law and the law af the y �;
<br /> . . jurisdiction in which the Property is located.In the event that any provisinn or clause of this Sccurity Instrument ur the Note �,:
<br /> " " conflicts with applirab!e taw.such conflict shall not affect other provisions of this 5ecurity lnstrument or the Note which can be . y�
<br /> .. E " 'ven effect without the conflicting provision.To this end the provisions of this Security lnstrument and the Note are declared � '�!'?�
<br /> , � . . � . �
<br /> � to be severable. .
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<br /> _ • � � 16.Borrower's Copy.Bvrrower shall bc given one conformed copy of the Note and of this 5ecurity instrument. ..+!�` �-'�
<br /> _ �.-: . ' . � Form 3028 SI90 .
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