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<br /> =���'��-`,• PBY��may no longer be required.ai the o�tion of Lender..if mortgage inswance coveragei(i�amount arxt fot the period ` � • -
<br /> - -�� that I,ender n�{uices)provided 6y an insurer appro�ed by Lender again becomes available and is abtained. Hocrower shnll pay ,
<br /> �;;;c.��::,�-,: �:,,., , the premisuns required to maiataiR mortgage iasur�snce in effect.or to pravide a loss reserve,until the requirement for�ortgage , _
<br /> ` .�-' ' � � ina�ra�sp ends in accordance with any written agaeement between Sorrower and Lender or applicable law. - � .. . • �.
<br /> -rn,Yi�;.�."...,: ..
<br /> ' V ` 9.InspecUoa.Lender or its agent may make reasonable enuies upon and inspections of the Property.Lender shall give _
<br /> � �����- goriower�atirc at the tisae of or prior to an inspectioa specifying�easona6le cavse for the inspection. . '
<br /> �:. ��.
<br /> � �'� Y0.CondeaanaHon.The praceeds of any award or claim for damages. direct or rnasequentiat, in wnne�tion with anyr ti
<br /> �y ��#�a/'�. .-[
<br />� :]}'�Y��i..,., - � � condemnation or other taking of any parc of the Property,or for conveyance in lieu of condemnauon,are hereby assigned and _
<br /> �',,��".�'`.`�� ;' sbaU�be paid to Lender. �. ��
<br /> _x€"'� l"�. [n the event of a tota!taking of the Property.che pmceeds shall be agplied to the sums secured by tlnis Secur6ry Instrument, � .�� J ` � z.
<br /> _�,.. � � , .
<br />- `.�:::�; . .. . a�h e x h e r o r n o t t h e n d u e.w i t h a n y,e x c e s s p a i d t o Borrower. In the event of a p a rt ial taldng of the PropertY in which the fair �. . , .� � �'
<br /> '��. �"-*�-:-,y==?� � maricet vaine of the Property immediatety befote the taking is equal to or greater than the amawtt of the sums secured by tlus ,. ._. .��.,
<br /> .-�. ^��-.;«�.��--, n' �.-:�,-�.-� _; ,�
<br /> Security Instrument immediately befare the taking.unless Borrower and Lender otherwise agree in writing,tf+x sums secured by �- ---
<br /> �,^ ?-- "`''7':�:� °'
<br /> � �.f-,= '• ' -� ' � this Security Instrument shalt be Qeduc,�d by the amount of the proceeds multiplied by the following fraction: (a) the total , '��`'r"��
<br /> �„t:��� .�_
<br /> - ',I�.•• ��;.�'i.•• i amount af the sums serured iaunediatety before the�taking,divided by (bj the fair market vatue of the Ptoperty immediately '' ',_»��.>,i:.:�
<br /> ' r� ` ; before the talcing. Any balance shail be paid to Borrower. In the event of a partial taking of the Property in which tlie fair . ,
<br /> }'_Y '7 .` - .,. .
<br /> :„ f� �;;� •: market value of the Property immediately before tlie taking is less than the amount of the s�ms secured immediately befare the
<br /> ° ; � `. ;; ` t a k i ng,u n Iess Borrower a n d L e n der o t h e r wis e a�e e i n w r i t i n g o r u n l e s s a p p l i c a b l e l a w o t h e r w i s e p r o v i d e s,t h e p ro c e e d s shall , • ;.�..
<br /> �. �-�,��-.�=�-
<br /> �.` " � � , be app li e d t o t h e sums secured b y this Securi ty Instrument whether or not the sums are then due. ��'d":���=:�;.-
<br /> - '-- °�-�=� If che Froperty is abandoned by Borrower,or if,after notice by Lendu to Borrower that.the condemnor uffers fo make an . __�� f'�.,•,�.r,"•._'
<br /> ,. ';, • ... ���.� .•:�,.� �---. --�-- �wand-or-�settle�-claimfor-damages;Sarrower-fails to-respond to-Len[ier.within 30.days after..the.date_t�e.uariEe is giyen..---.----.-- �. . --�.,� -- _
<br /> - ' ��; Leader is authorized to collect and appty the pmceeds,at its option,either to restoration or repair of the Property or to the sums . ''��`'�:-
<br /> ,:, ' �� ,, ....��.
<br /> .�. secvred by this SQC.vrity Instrurnen��vhether or not then due. ��-�����:
<br /> • '� � Unless Lender and Borrower othenvise agree in wriUng, any application of proceeds to principal shall not extend or • ; - �
<br /> - , 4�'.`'":`'`'� postpone.the 8ue date of the momhly payments referred to in paragraphs I and 2 or change the amnunt of such paymeaas. . �*!
<br /> � • • .. •� • der Not a Watver.Eatension oT the tiine for paymenY a�modification- `��'''•
<br /> ��� U.Sorcower Not Reteas�;Forbearance By Len �
<br /> � • of amorti�ation of the sums secured by this Security Tnstrument granted by Lender to any suceessor in interest of Botrower shall },
<br /> _ � �"' nat operate to retease the liability of the original Bonower or Borrower's successors in interest. Lender shall noi be required to . , _ -�¢ .
<br />_ � . '"�' � . commence praceedings against,any successor in interest or refuse to extend 6me for payment or otherwise modify amortization . ,? _'- `. ,
<br /> a � � • '•.,�. of the sums secured by this Security Instrument by reason of any demand made by the original Borroiver or Borrower's � •;
<br /> - � •� • successors in interest. Any for6ea�ance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> .• , exercise of any right or remedy. ��• `�
<br /> - ' • � 12, Succc�ssors and Assigns Boimd; Joint and Several Liability;Co-signers. The oovenants :uid agreemenu of tiris �: ,�
<br /> ,• �. �
<br /> • Secwity Instrument shall bind and benefit che saccessors and assigns of i.ender and Bonower, subject to the pro��sions of , : ��'
<br /> � . , paragraph 17. Borrower s covenants and agreemenu shall be joint and several. Any Borrower who co-signs this Secvrity �. . �'•�'�°'��' ,
<br /> ' • � �Instrument but does not execate the Note: (a)is co-signing this Security(nstrument only to mortgage. grant and convey that � • ' � .
<br /> ' �.�''"''� �� Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated w pay the sums 'j;.:_,�;� :
<br /> ' ' � secured by this Security Instrument:and(c)3grees that Lender and any other Borrower may agree ta extend.modify.forbear or . . -=•. �:��',�"�
<br />_ � ., „ .
<br /> , �,� � : � matce any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. , �•����'
<br /> •�.;a...,.,�;:�'�., . ;: 13.Loan Cltar�es.If the toan secured by this Securiry Instrument is subject to a law which se�s ma�cimum loan chazges. • ?.�,. •
<br /> �'�"' �--��° and that!aw is fnaU mte reted so that the interest or other loan charges collected or to be collected in connection with the i„ .� �� ` . � �
<br /> _ `:r;i�•:�-•+�r's'��•` Y rP .. .
<br /> "' ��� loan exc�ed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge ,
<br /> , �..:��;� . :�••.. - . �
<br /> �'' to the pemutted limit;and (b)any sums already collected froni Borrower which exceeded permitted limiu will be refunded to
<br /> 1. , - :r y- - .
<br /> ' Botrower. Lender may choose to make this refund by reducing the principal awed under the Note or by making a direct .
<br /> . '�� �` payment to Borrower. If a refund reduces principai, the reduction wiq be treated as a partial prepayment without any • :� T-:,-:.:
<br /> �� �� • . prepayment charge under the Notc. • ' . �� `
<br /> •. �,. .
<br /> . �'•!. . - •' '';�: 14.Notiees.Any notice�co Borrower provided for in this Seturity Instrument shall be given by delivering it or by mailing •
<br /> f _: <��..� � it by first class mail unless applicable law requires use of another method.The noace shall be directed to the Property Addmss . ,
<br /> �,, •- r� � or any other address Bonower deslgnates by notice to Lender. Any notico to Lender shall be given by first class mail ta �
<br /> • • �� � ' Le�tder's address stated hercin or arry other address Lender designates by notice to Borrower. Any notice provided for in this .
<br /> °�`'� ' Securi Instrument shall 6e dcemed ta have bcen given to Borrower or Lender whcn�iven as pmvided in this paragraph. . '
<br /> ;� .•.�`.'.: . '..> tY • .
<br /> . ''�. � IS.Goveraing Law; Severability. This Security lnstrument shall be govemed by federal law and the law of'the _ .
<br /> .�� -����� � jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note . . :
<br /> t. ;-. ,.._.��1 ;r�, . .
<br /> ����.� :��•• � wnflicts with applicable law.such conflict shall not affect other provisions of this Secuaty Instrument or the Note which can be
<br /> � �P:a��.t.�.�. " .
<br /> t_ =a�i:y•,':`_....-'_�' , given effect without the canflictin�provision.To this end the provisions of this Securiry Instrument and the Note are declazed
<br />� "`_:�;;;`', : ,.!� to be severable. ' „
<br />_. �__ , � . � 4' ��. 16.Borrower's Copy.Barrower sha116e given one conformed copy of the Note and of this Security Instrument. :
<br /> Form 3028 9f90
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