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<br /> puynunt+muy no tongcn c�rcyuired.at thc uption ut'I.cndcr,it'mortgage irnuruncc cuvcragc(in thc umount su�J li,r thc periad
<br /> that l.c�txlcr rcyuiresl pravidcd by an insurcr uppmv��i by [.endcr ugain hccumcs avui�ul�ic and i+obtaincd. 8��rrowc;shall pay
<br /> thc prcmiums rcyuircd to maimuin moRgag� insurance in effect,ar to pnwidc u luss resen•c, until thc requirement for martgage
<br /> msurancc cnd+in urrurJunce wiQi uny writtcn r�treenunt betwccn Bornnver and Lendcr��r appiicahlc luw.
<br /> • 9, In�pectlun. T..ender ur its ugcnt muy muke rcusonable entries upan und inspections uf the Property. LenJcr shaU givc
<br /> Borr�iwer notice:�t the dme of��r pri��r to an inspecdun specifying reasonuble cause for tF�e inspecti�m.
<br /> •. " lQ. Condemnation. The prcxcais of uny a�vurd or claim for dumages, dircct or ronsequcntial. in cannectian with any
<br /> candemnuti�in or other tuking uf uny purt of the Property.or for conveyunce in licu o!'ca►xfenmution, um hereby u+signed and •
<br /> shall bc puid to Lendcr. , "
<br /> 3 [n the event of a tatui tukins of the Property,the proceeds shall be applied to the rums.ecured by thiz S��curity Instrumcnt,
<br /> � • whether or nat then due, with uny excess paid ta Borrower. In the event of a partiul taking of the Property in which the fair .
<br /> �' murket value of the Property immediately beforc the tuking is equul ta or greater thun the umaunt of the sums sscured by this
<br /> Security lnstrument immediately before the takin�;,unless Borrower and Lender otherwise ugree in writing, the sums secured by
<br /> _ � •• � this Security Instrument shall be nduced by the arnount of the proceeds multiplied by the following frnetion: (a1 the total :'�•, .
<br /> . nmount of the sums secured immedjutely before the taking. divided by (b)the fuir market vulue of the Property immedintely
<br /> ' before the takin�. Any balance shall be paid tc� Bonowcr. In the event of a pa»iul tukin� of the Propercy in which the fair
<br /> �� market value of thc Froparty immediatcly before the tuking is less than thc a�nount uf Uie sums sccurecl immediutely before the -
<br /> °_ _f�,�: ...___..,3 taki=��,.unless 8orrower and Lender otherwise agree in writing ar unless upplicable luw otherwise provides, the proceeds shall „ ,
<br /> . . . _. _ _�'
<br /> • • be npplied to the sums secured by this Security Instrument whether or not the sums are then due. �" :
<br /> � , If the Property is abandaned by Borcower. cx i f,after notice by Lender to Borrower thut the condemnor offers to make an
<br /> " �' award or settle a claim for duma�es, Borrower fails to respond to Lender within 30 days after the date the notice is given, ���:�
<br /> � � � ' Lender is authorized ta collect nnd apply the proceeds,at its option,either to restorution or repair of the Property or to the sums .. . ,
<br /> " ''�x� secured by this Security Instrument,whether or not ihen due. �� t
<br /> ''� ° Unless Lender und Borrower othenvise a�ree in wr�ting. any applicution of pruccais to principal shull not extend or .
<br /> •� . ��' postpone the due date of the monthly payments referred to in para�raphs 1 and 2 ar chunge the amount of such payments.
<br /> ' ' 11.Borrower Not Releasedi Forbearnnce By Gender Not a Waiver. Extemion of the time for payment or modification _
<br /> �� of amortization af the sums secured by this Securiry lnstrument grnnted by Lender to any successor in interest of Borrower shall •;,e ,��
<br /> , ' � not operate to m�case the linbility of theor�g�nai borrower or aorrowrr'��uc�Kssars in intcrest.Lendes shg!!noi be req��ir?'d « . '.�_
<br /> I�z:;:�', commence proceedings agninst nny successor in interest or refuse to extend time for payment or otherwise modify urnortiwtion , __
<br /> ia:::<.� , a
<br /> ,:,�r;..?; af the sums secured by this Securiry Inst�ument by reason of any demand made by the nriginal Borrower or Borrower's
<br /> ,,•,, . : �,-_
<br /> � • , :', �,� successors in interest. Any forbearnnce by I.ender in exercising any right or remedy shall not be a w�iver of or preclude the . �•,:,
<br /> �, . ;-,;,y°, � exercise of uny right or remedy.
<br /> ,:;,�,,:)f.:
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<br /> .., .,,,,, 12. Successors and Asstgns Bound:Joint and Severaf Liability; Co-si�ners. The covenants und Agreements of this ;
<br /> . :.L�'I� •�� .__
<br /> '�°'� ��- •• Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provlsions af
<br /> �'?;...,:• • . -,; • .--.
<br /> �`'� • � peragcaph l7. Borcower's covenants und u reements shall be oint and several. Any Bonower who co-signs this Security
<br /> �;;•`;;,:� � � rnnt and conve that ,'k�.`.�n
<br /> � �+ ��•� Instrument but dces not execute the Note: (n) isco�si�ning this Security Instrument only to monga�e, g Y ,,....L.
<br /> � . '�'`}F;`.:
<br />: ,��rti;, Borrower's interest in the Propeny under the terms of this Security Instrument;(b)is not personally obligstted to pay the sums , �.. _
<br /> � secural by this Seturtty Instrument;and(c)ngrecs that Lender and any other Borrowcr mny agree to extend,modify.forbear or : _
<br /> ;�.�.;, :� �p ;��' make any accommodations with regard to ehe terms of this Security Instrument or the Nate without that Borrower's consent. �,,.i:;. —
<br /> ��. � 13.Loan Cha�es. If the loan secured by this Security Instrument is subject to a law which sets maximum loan chnrges, � �"
<br /> .;,.'::��;::' ..
<br /> '��+'�; •, .�:" : and that law is finully interpreted so thet the interest or other loun char�es collected or to be coilected in connection with the
<br /> _„..
<br /> • . ' "`;��� loan exceed the permitted limits, then: �a) any such loan char�e shal�be reduccd by the amount necessary to reduce the charge _
<br /> ''�����' to the permitted limit:und(b)any sutns already collected from Borrower which cxcceded permitted limits will be refunded to _
<br /> . J'�.•.�i- _
<br /> ..;:+,; ••„�,� � Eonower. Lender may choose to makc this refund by reducing the principal owed under the Note or by making a direct -
<br /> �,,"�•�`. �'` ' payment to B�r^^°�e* If n rnfitnd r�lucec �rincipal, the recfuction wiil be treated as a purtial prepayment withnut any �
<br /> , � -�. . prepuyment char�e under the Note. �''�:����."�
<br /> '•`-�•--.�- �' ;�;s;;. 14.Yultces.Any notice to Borroucr provided for in this Security Instrument shall he given by delivering it or by mailing ." n- ;;:°
<br /> �"���{"' It by first class mail unless applicable law requimc use of another method.The notice shall bedirected to the Properry Address
<br /> . . , •,., ,�,
<br /> : .'''•' � or uny other nddress Bonower dcsignates by notice to Lender. Any noticc to Lender shall be given by first clsus mail to ,
<br /> �''�3�� Lender's addrcss stated herein or any other address Lender destgnates by notice to Sorrower, Any notice pravided for in this �
<br /> '.����'�'"� " ' ' 1 Securiry Instrument shull be deemed to huvc been given to Borrower or Lender when given us proNidod in this paragraph.
<br /> ' 15.Govc.rning Luw; Severability. This 5ecurity Instrument shali be govemed by federal law and the Inw of the
<br /> �� . „'.'�� jurisdiction in which the Pmperty is locuteei. In tt�e event that uny provision or cl:�use of t3�is 5ecurity Instrument ar the Note ; . .
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<br /> , ,;�r� contlicts with upplicable law, such conflict shaU not affect other provisions of this Security Innrument or the Note which cnn be � „ „
<br /> ' . given effect without thc conftictin�provision. To this end thz provisians of this Security Instrument and the Note are dcxlared ; :
<br /> �• to be severable. � �
<br /> "�t��� 16.Borrower's Copy. Borrower shall be given onc ronformcd copy of the Notc and of this Security Instrument.
<br /> � Form 3028 9180
<br /> Popo 4 0l 8
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