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<br /> ., paymcnts may nu lunbcr hr rcyuircd, at thc�►ptin�i uf l.cndcr, if mun�ugc insuranrc rovcragc tin th:umuunt und f'or thc peci��d
<br /> ° that I.cndcr rcquin+)pruvid��l by an in+urrr appravcd by l.cndcr aguin bccomcs availahle und iti abtaincel.&�rrowcr shull pay
<br /> the prcmiums rcyuired t�►muint+�im m�rtbage insurunce in effect,ur to provide a lo,s mscrve,wnil the rcyuirement fur m�ngo�e
<br /> . insurance cnds in acc�rdance��•ith any�vritten agrcement 6enveen Borrower and Lender c+r appf+cahle l;i�v.
<br /> �� , 9. InspecUun. I.endcr ur it�agent may makc rcaumable cntric� upon and impectiuns of thr Prupeny. Lender shull give
<br /> � 8urn�wcr nottrc ut thc timc of or prior to un in+pection spccifying rcatioisublc causc fnr thc insp�rtion. , �
<br /> � - �::-,,;•- 10. Cundemnutinn. The proceed, uf any uwurd ar cluim for Jamuge,, direct ur consequrntiul, in rnnnection with any
<br /> " ., . cond:mnution or othrr taking ui'any part t+f�Ix Propeny,ar ti+r cunveyaner in liru af condemnation,ure hereby :isrigned and
<br />, shall bc paid to l.cndcr.
<br /> - � In the evem of a towl t:sking of ihe Fropeny,the prucceds�hal1 bc upplied w the sunLr secured by this Securiry lnstrument, ,
<br /> ' � whether or not then due, with uny exce�:s paid to Bormwer. In thr,event of a panial taking of the Propeny in which the fair .
<br /> " � market vulue of the Propeny immediutely befarc the tuking is cqual ta or grcater than the amaunt of thc sums securai by this �
<br /> ' � Security Instrument immediatcly hefore thc tuking,unlesy F3orr<�wcr and Lendcr othcnvisc a�ree in writing,thc sums sccured by
<br /> • � • this Security Instrumem shall be reduced by the umount of the proceeds multiplied by the followin� 1'raction: (a) the total
<br /> � ,unaunt of the sum� secured immcdiatcly bcfore thc taking, dividcd by(b) the fair m:uket value of tho Property immcdiately .,
<br /> ., � ., befom the taking. Any balwice shall be paid to Bnrrower. In the event uf a partiul taking of the PropeiKy in which the fair �
<br /> u. .. " , � mntket v�lue of the Property immediately beforc the taking iti icss than thc umoum of thc+ums sccured immcdiuteiy beforc thc �"°.
<br /> taking, unless Borrc��ver und I.ender othenvise akree in writing or unless applicable la�v otherwise provide�,tho proceeds shail
<br /> ° , � be applied to dte sums secured by this Security Instrument whether or not the sums are then dce.
<br /> ,, if the Property is ubandaned by Barrower,or if, after notice by Lender to Borrower that the condemnor uffers ta muke an
<br /> ' � awacd ar settle a claim for dnmages, Bunower fuils to respond to Lender within 30 duys aQer the dute the notice i� given,
<br /> .,;�. LenJer is authorized w collect unJ apply the procceds.at its option,either to restorution or repair of the Property or to the sums
<br /> secured by this Security Instrument,whether or not then due. �'
<br /> ' T�` Unless Lender and Borrower otherwise agree in writing, any applicstion af prc�ceeds to principal shull not extend or �,�•'
<br /> ,� •� pastpane the due date of the monthly payments refe��ed to in parasraphs 1 mid 2 or change the amount of such payments. , ,
<br /> � ' 11.Borrower Not Released;Forbearance By L.ender Not a Waiv�r.Extension uf the time far payment or moditication !••
<br /> ° � af amo»ization of the sums secureei by this Secucity Instrument granted by i.cnder to wiy successor in interest of Borrower shall ;�
<br /> _., - -,
<br /> - - ,. -• not operate ta reieuse tite tiabiiity uf the origin�i $ucruwcr ur 8urruwcr'��u�ti�r>aoc5 iu inicir�i. Ixiidc� si�uli��ari i�ir cryuiic�l to
<br /> . • oommence procc�ings a�ainst uny successor in inte�est or refuse eo extend cime for payment or otherwise moeiit'yr amortizution �
<br /> "� of th� sums secured by this Se�:urity Instntment by rcason of uny dcmaz�d madc by the origin�il Bvrrower or Borrowcr's ��
<br /> , : � �` successurs in interest. Any forbeurance by Lender in exercising any right or remedy shall not be a �ti•aiver of or pmclude the �,�_
<br /> •• exercise of any ri�ht or remedy. �-
<br /> . It. Succe.ssors und Asslgns Bound; Joint and Several Liabiltty; Co-signers. Thc covenants and agrcements of this �-
<br /> „..#." Security Instniment shull bind and benefit the successors�nd nssigns of Lender und Banuwer, subject to the pmvisions uf =_-_
<br /> ' � ` paragraph 11. Borrower's covennnt, and agreements shall be joint and several. Any Borraver who casi�ns this Security �-�
<br /> ` . .• � Ittsttument but does not execute the Note: (u)is co-tiigning this Security instrument only tv mort�uge. �rant and convey that �'-�
<br /> � w Borrower's interest in the Property under the terrns of this Security Insttument:(b)is not personally obligated to pay the sums �'-`
<br /> �, �..-
<br /> � secured by this Security Instrument;und(r)agrees that Lender and any other Borrower may a�ree to extend,modify,forbear or .=�;:�
<br /> '"� °�`•^�•^'°',� make any accomntaiations wlth regard to the terms of this Security Instrument or the Note without that Borrower's consent. '`--
<br /> -- �.�_,,.,;,*. 13.Loan Charges. If the loan secured by this Security Instrument is subject to u law which seG�maximum loan charges. ��::�•
<br /> - . .. _A,�.. and that law is finaUy interpreted so that the intetrst or other loan charges collectai or to be collocted in cor�nection with the C:-r`
<br /> ` loan exceed the em�itted limits,then: (u)un such lo:u�char e sh�ill be reduced b the amount nec. to reduce the char e ��
<br /> ,-:;.n '.��. ' P Y ' S Y «'Y 6 —
<br /> .:� '`-. ��; to the permitted limit:and(b)uny sums already collected from Borrower which exceeded petmitted limits will be refunded to =-
<br /> � Borrower. Lender ma chaose m make this refund b nducin the nnci al owed under the Note or b malcin a dimct ���
<br /> Y Y � P � P Y � E=.-r
<br /> ' •' payment to Borrower. If u refund reduces piincipal, the reductioa will be tre;sted as u partial prepayment withuut any �=,
<br /> ;�.• '•��,,�J% prepayment charge under the Note. �'���.
<br /> _y.V. � .-�':' i4.hottces.Asiy noti«to Bc�n•o�r•er pro�ided fur in thiti S�:u�isy lnstrumeut�i�alt b�:giv�u by detivering it or by mailing E'�'`
<br /> .—-.T._
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<br /> ��:,��"'�'".�" "� ��w�� !t by first class mail unlezs applicable law requires use of another m�thod.The notice�hall be directed to the Property Address ,_
<br /> - ,,�.,.�,. _ or any other address Borrower de�ignates by notice to Lender. Any notice to Ixnder shall bc givcn by tirst class muil to
<br /> - ' � � : � L.ender's uddress stttted herein or uny nther address Lender designates by notice to Borrower. Any notice pr��vided for in this .",'r'
<br /> ; _ Security Instrument shull be deenxd to have been given to Borrower or Lender when givcn as pravided in this p:uagraph.
<br /> IS.�'.overntn� Law; Severnbility. This Securiry Instrument shall bc ��vcrned by fcdcral l:�w and the !aw of the �
<br /> '� jurisdiction in which thc Pmperty is laatcd. In thc evcnt th:it an��provision or clausc of this Sccuriry instrument or the Note ,. '
<br /> ' .. , . conflicts with applicuble law,such conflict shull not affect other provisians of this 5ecurity Instrument or the Pfote which wn be
<br /> . '• �iven effect without thc conflicting provision.To this end the provisions of this Security Instrument and the Note are decl:ued
<br /> : to be scvcrablc.
<br /> 16.Bocrower'S Copy.Borrowcr shull be given ane contormed copy of the Note and uf this Security Instrument.
<br /> U•
<br /> Form 3028 9J80
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