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<br /> I�. `,; ' .' payments may no tonger 6e required.at the option of Lender.if mortgage insurance coverag�(in the amuunt and for the perind - � � ' � _
<br /> • that i.ender requires)Provide�by an insurer approved by Lender again becomes Available and is obtained. Borrowes shall pay . _.� °. . '�.. ;
<br /> =':� �. .. ,
<br /> .. .,., ._.
<br /> . .. ' tlte premiums required to maimain.m�tgage iasurance in effect,or w prnvide a loss r+eserve,until the cecNirement for.mortgage ,• `_ _
<br /> � • insurance ends in accardance with anY written agrcement between Borrawer and Lender or applicable law. 'f�:_:��.
<br /> . � - - - 9.Yt�tion.I.endet or its agent may make reasonable entries upon and inspections of the Property.Lea+der•sl�alt.give
<br /> , . � :' _ ._,_ .
<br /> Borrower notice at the tu[te of or priot W ai�iaspeciion specifyitt�re�asonable cause for the ins�eCtian. .,-�-�- �
<br /> . . ' 10. Conde�naat�on.T6e proceeds of any awaid or claim for damages.di�ecc or c6nsequential, in conneaion with suy � �4-�t�.,
<br /> . � condemnarion or othrr tatcing of any part of the Property.oi for conveyazice in lieu�of condemnation, are here6y assigned aaa .
<br /> ; �.. . � • shall be paid to Lender. � �-��•'' �--_
<br /> ' In the event of a totai taidng of the Property.the praceads sha11 be app�ied to the sums secvre�by this Seciirity tn�nmen± _ — :
<br /> . i � ' '• ' whether or not then due,with any excess paid to!Borrower. in the event of a partial taking of the Propercy in which the fair ---- ---
<br /> ,. . ,.,�..� . � .marlcet_value of the Property immediately 6efore the taking is eqnal m or greater than the amount of the sums secared by th's� �==
<br />. . • _. , � gecurity Instrument�immediately before the talang,unless Borrower and Lender otherurise agree in writmg.the sums secured by __ _ _
<br /> � tbis Security [nsuament shall be reduced by the amount of the proceeds muldplied by the foilowing fraaron: (a) the tatal =__ _
<br /> - � amount of the sums secured immediately before the taking. divided by(b) the fair maricet vatue of the Property immediatety _
<br /> � ' ' befoTe th�e taldng. My baiance shall be paid to Borrower. In the event of a partial taldng of the Propes2y in which the fair . _ —
<br /> � . market value of the Propercy immediatelY before the taking is less than the amount of the sums secured immediatslY[�efore the
<br /> ;� � . taking,unless Borrawer and Lender othera+ise agree in writing or anless applicable law othera+rise pravides,We proceeds sha11
<br /> • � ' : `. .. . be applied to cfae sums secured by this Security Tnstrument whether or not the sums ure then due.
<br /> • � ��� -'< I€the Praperty is abandoned by Borrower:or if,after natice by Lender to Borrower tTnat the condemnor offers.to make a� _ _ __ _
<br /> �,_ .._.:.. _._.._---�--= --� �=--- ._-�----- ----._...__
<br /> � '�, award or settte a c�aiiii �r dainages.�Borrowe�Cails�TO���sa�tarl�nderwittun-30 days after�the-date-the-nodce-is given.
<br /> ..'��" ` I,ender is authorized to collect and apply tbe proceeds,at its option,either to restoration or repair of the Pcopert}�or to the st�ma
<br /> . .. - " �. secured by this Security Inswment.whether or not then due. �
<br /> ��" Unless Lender and Borrower otherwise agree in writing, any application of praceeds to principal shall aot extend or
<br /> .. .:� . . ... ,�
<br /> •• - - - . - postpone the duedate of the monthly payments refer'red to in paragraphs l..and 2 or change the amannt af sucb payments. ,
<br /> . • � 11.Borro�ver Not Reteased;For6earanse Sy Lender Not a Waiver.Extension of the time for payment or modification
<br /> � of amortization of the sums secured by this Security Instrtiment granted by Lender to any successor in'snterest of Borrowet sha11 �q�-^--
<br />' �. �� � . . not operate to relea5e the liability of the ariginal Borrower or Borrower s suoccssors in interes�Lender shall noi be required to
<br /> --�� -..,-. . - commence proceedings against any successor in interest or refuse to extend time for payment or otheravise modify.amartization
<br /> �� � . of the sums se�ured by this 3ecurity lnstrument by reason of any demand made by the origival Borrower or Boaoner's ��.
<br /> ' successors in interest. Any forbearance by Lender in exercising any right or remedy shall not(re a waiver of or precl¢de tae e,;£,
<br />- , � � exercise of any right or remedy. . �����---
<br /> �-_.—
<br /> � � • � . l2. Succcssors and Assigns Bound;Joint and Several Liahility; Co-signers. 1�e covenants and agreements of tttis. �
<br /> :� "" • � Security Inswment shall bind and beneGt the successors and assi�s of Lender and Borrower, subject to.the provisions of �'��
<br /> , • . ' . paragraph 17. Borrower's wvedanu and agreements shall be joint and several. My Boaower who co-signs this Security ��
<br /> � � Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage.grant and convey that .�_
<br />..� . ' • ._, .� Borrower's interest in the Property under the terms of this Security Inswment; (b)is not personally obligated to pay the suuLS :,��
<br /> . � . � � secured by this Securiry Instrument;and(c)agrees that Lender and any other Horrower may agree to extend,modify.forbear or : ;���
<br /> - � . � make any accommodations with regard to the terms of this Security Instrument or the Note wit hout t hat Borrawer's consen t. —�_ —
<br /> � • � • � 13.L4an Charges.If the loao secured by this Security Instrument is•subject to a law which sets maximum loan chasges, �^•�
<br /> ,. . , � and that law is finalty interpreted so that the interest or other loan charges collected or to be collected in connectian with ths �
<br /> � . , . loan exceed the permitted limits,then: (a)any such laan charge shall be reduced by the amount necessary to reduce the charge _m
<br /> � • to the perniitted limit;and lb)any sums already collected from Borrower which exceeded permitted limits will be refunded to ��.��___
<br /> . . ' .. • ` Boaower. I.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct —__- ;
<br />- � . '• � payment � Borrower. If a refund redLces principal, the reduction will be treated as a pareial wrepayment without any � � , ���r
<br /> �` "�' � �' prepayment charge under the Note. �'"
<br /> � �' . � • ' �� 14.IHottces.Any noiice to Bonower provided far in this Security(nstrument shall be given by delivering it or by mailing `�"t �
<br /> = � - � it by first class mail unless applicable!aw requires use of another method.The notice shall be directed to the Property Address ��'
<br />= or any other address Borcower designates by notice to Lender. Any notice tu Lender shall be given by first class mail to •
<br /> '� � I.ender's address stated herein or any other addmss Lender designates by notice to Borrower. Any notice provided for in this .
<br />_ � �',� � � Securiry Instrument shall be decmed to have been given to Borrower or Lender when gir•en as providal in this Qaragraph. , . �
<br />- ' � ' 15.Governing l.aw; Severability. This Security instrument shall be govemed by fcderal. law and the law of the �;
<br /> , . ,�. � .. jurisdiction in which the Propeny is located. In the event that any provision or clause of this Securiey Instrument or the Note ,
<br /> �. wnflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be �,
<br /> °, ` . � given effect without tAe wnflicting pmvision.To this end the provisions of this Security Instrument and the Note are declared . •
<br /> to be severable. �
<br /> - � .i ' 16.Botro�ver'y Copy.Borrower shall be given one conformed copy of the Note and of this Secusity Instrument. t
<br /> ��� W • � Fortn 3028 9190 .
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