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<br /> payments rt�y no IonQcr be aquirad.at the aption of Lendcr, if martQA�e inwrancc coverage(in the amount�r�d for thc period
<br /> =�� lhat l.ender roquirea)provicicd hy on insurer approvcd by l.ender aQain baomes av�llaele�rd is obtained.Borrowcr sF�ll p�y
<br /> � the premiums rcquircd w maintain murt�age insurance in cffect,oe to provide a loss reservc,until the requireme�u for mo�t�a
<br /> " incuranct enda in accordunce with ony written agreemrnt between Borrower�d Lender or npplicable law.
<br /> �,*. 9. lmipectlon. Lender or its agent m�y nwke rcaso�wble entdes upan and insprxtions of ti�e Properly. l.ender�II�ive _
<br /> - Borrower notice at the time of or prior�o un inspec�ion specffyfng rasonable cause for the inspectian.
<br /> - 10. Coqdewnatba.The pracceds of any awiud or claim for danwges. diroct or consoquential, in conrreaKian wllh�ny
<br /> � ,�, condemnution or other�in�of any part af the Property.or for conveyonce in li�u of rnn�nnotian�nro heneby assi�nod�od
<br /> shall be paid to L.cnder.
<br /> In the event af a t�tal tf+icing af the Property,the proceeds shall be applied to the suma socut+e�by this Security lnstrument,
<br /> ���.'r�:; � whethe� or not then due,with any excess paid to Barcower. In the event uf a partial taking of the Prapeny in which,the f�ir
<br /> ' �`"� � market value af the Property immedi�tely beforc the taking is equal to ar greater than the amoun�of the wms secuted by this
<br /> .•,.+�`� i fore the talcin unless Bomower and l.ender ahenvise agree in writin�.the sums securod by
<br /> •,�„�.�,,,� Secunty Insuument immod ately 6e g.
<br /> ^.i=• ,; thia Security Instrument shall be reduced by the artaunt af the proceeds multiplied by the following fraclion: (a) thp,RWAI,
<br /> T-�� °' ;,;,.° � �,r uiriount of thc sums secured immediately bcfore the teking,divided by (b) the fair market value of thc Property inuncdiat�,ly
<br /> — '�" �" � befonc the takiog. Any b�lance shall be paid to Borrower. In the event of a partial toking of the Property in which the fair
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<br /> _ �-'��`�'�+? ! market value of the Prnperty immediately befnre the taking is less than the arraunt of the sums secural i�tunediately beforc the
<br /> ,�!��..,:�._„�;;,;,�•M:, � taking,unless Borrower and Lender otherwise agree in writing or unless applicuble law otherwise pmvides,the proceeds shAll
<br /> �_"�=��=.n.n:-� +sea. � be a�lied to�he sums secured by this Secudry Instrument whether or�wt the sums are then due.
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<br /> �.�•,�. �:x.•'� � Ii tiu Property is ub�ndoned by Borrower,or if,af'ter notice by l.ender to Bamower that the condemnor offers to make an
<br /> e;w''�`r.f':.+�. :
<br /> _ ;�... . _ _ _ awud or settle a claim for domages. Barruwer fails to respond to Letider within 30 days after the date the notice is given.
<br /> ;r:� � ; ' � � ' Lender is authorfzed to coUect and apply the proceeds,at its option,either to restoration or repair af the Pruperty or w the sums
<br /> - • ''� '. � � .� secured by this Security Instrument,whether or not then due.
<br /> _d;;f�� . . ' ,,, :" Unless I.ender nnd Borrawer otherwise agree in w►iting, any application of praceeds to principal shall not exlend oc
<br /> ==_ � � postpone the due date of thc monthly p�yments referred to in para@raphs I and 2 or chunge the amount of such payments.
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<br /> :_.� r:�a4:.,�..a::: %•� ll. Borrower Not Released;Forbearance By l.ender Not w Waiver.Extension of the time for payment or modification
<br /> .�ti�R: • �• uf a�nortiration of the sums secured by this Security Instrument granted by l.ender to any successor in interest of Borrower slwll
<br /> _-'�, � � ,. na operare to release the liabilfty of the originul Borrower or Borcower's successars in interest. l.ender shall not be required to
<br /> ��:,�;a�� • `� .. cammence praceedings againu any successor in imerest or refuse to extend time for payment or aherwise madify amortization
<br /> - '!'�' " ' �� of the sums secured by this Security,instrument by reason af any demand mude by the original Barrower or Borrawer's
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<br /> _�— .. „;;,,� successors in interest. Any forbearance by L.ender in exeaising any right or remedy shall not be a weiver of or preclade the
<br /> ;.;��„ ,::s._::� :�i.�_ exercise of any right or remedy.
<br /> -'�:. �'°���•^'k"°'�" 12. Successors and Assi�ns Bound;Joint and Several Liobility: Co-stgners. The covenants And agreements ot this
<br /> `�;' •• '". � � Security Instn�ment ahall bind und beneft the successors and atisigns of Lender and Borcower, subject �o the provisions of
<br /> � � . ^ paragraph 17. Borrower's cove�wnts and agrexments shall be jaint und several. Any Borrower who co-signs this Security
<br /> � Instrument but does not execute the Note: (a) is ca-signing this Security Instrument only to mortga�e, grant und convey thnt
<br />=?�'r� "' -. "�"':�� Borrower's interes� in the Property under the temns af�his Security Instrument;(b1 is not personally obligateJ to pay the Kums
<br /> '-� �" ;�..•: •- '•••a: secured by this Security Instrument;atNl(c)a�rees that l.ender und nny other Bonower may ugree to extend,modify,forbear or
<br /> `��•,' , �k-�►'''•'• -'��'�� make any accammodwtions with regurd to�he terms uf thi�Security Intitn�ment or the Nwe withuut thut Borrower's cunsent.
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<br />_ � �• • • - • 13. I.oan Clwrges.lf the loan secured by this Security Instrument is subject to u law which sets msiximum loan charges.
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<br /> �•��� _ .• �. .• + und •het law is finally interprcted+o thut�he interest or uther loan churges collected or to be collected in connection with the
<br /> " � �` '�``��`'•��• loan ezcoed the permitted limits, then:Is�)pny tiuch loan rharge shull be reduced by the umount necessary�o reduce the charge
<br /> ��� 3,, to the permitted limit:And (b)uny sums already c��llecteci from 8orrower whirh exceeded permitt�l limits will be refundod to
<br /> . . �'�''� •� Borrower. L.ender muy choo�e t�� muke thiti refunJ by reducing the principal owed under the Note ar by muking u direct
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<br /> �:�� � . payment �o Borrower. If a refund reduce� principal. the reJurtinn will be treuted us � partial prepayment withcwt uny
<br /> _ . '�'�� ���„• prepayment charge under the Natc.
<br /> -_ . • 14. Notices.Any no�ice w&irr�iwer proviJ�i for in thix Security In+trument rhall he given by delivering it or by m:�iling
<br /> .• _. ' � ." ' ic by fir:�t class msiil unle5s applicublc law rcyuires u.e of•rnuthcr nu�hcxl. Thc notice.hall bc directcd to the Property Address
<br />' , or uny �ther uddress Born�wer de�ign•rte� by notice t�► l.ender. Any notice to L.cnJer .hull 6e given by first rluss mail to
<br /> " „ , [.ender's adJrexs stuted herein i�r�ny other addresti I.ender designutc+ by nwice[u Fi�irr�►wer. Any mnicc pr�widec! fnr in this
<br /> ° • Securiiy Instrumcnt shull be deemed tu havc been given to Borruwcr�►r l.enJer when given u.providc�l in this paragruph.
<br /> ��. ' , ' " IS.Coverning Law; Severnbillty. This Securiry Instrumcnt �hull be govem�xi by fcJerul law and �he luw of the
<br /> - ' ., jurisdiction in which the Property is lacr�rxl. In tlx:ev�nt that any pri�vi.i��n ur rlau+c of thiti S�xuriry Imwmem or the Note
<br /> canflicts with applicable law,such con0ict�hall n�u tdfect othcr provitiium of thi.S��urity Inytrumcm or the Note whinc�un be
<br /> , given effect without the conflicting provizinn. To Ihiy end the pmvi�ionr of thi.Securily In.lrunxnt unJ Ihc Nate are declared
<br /> ` to be�everable.
<br /> . 16.Borrower's Copy. &�rn►wer rhall t►c givcn onc cnnfiimicJ ropy ut'thc Notr and of�hiti Srcuriry Im�run�nt.
<br /> � Fam 3028 8180
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