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<br /> � payments may no longer be requireA,at the option of Lender.if mortgage imsurasece coverage(in ti�e amount and for the period
<br /> that LeatRcr cequires)pmvided�y an insvres ap�sroved�y Lander again becames availabte aa�is obtained.�orro�ver shall pay -
<br /> . . the Qs�niiums required to maintaan mortgage insurance irt ef€ect,or to pravide a ta��reserve.until the reqa�irement for mortga�e =
<br /> insur.�r.ce eeds in asoondsu►ze�itP�any written ugreemant betwe�n Eotro�ver and L�ader or applicable la�v. _
<br /> � 9,Att�geciton.Ler.der or its agent m�y ma4ce reasonabta enuies uRon and aaspections of the Property. Lender stiadl give
<br /> � Barrower twYice�t the time of ar prior to an i��e�tion specifyinQ reayonnblc cause for the inspection.
<br /> !p. CaaQem�atloa,Thc pYOCecds of any award or cluim for dama�es,diaect or conses�uential. in rnnnecti�n with any �-
<br /> .. condemaarion ar othQr ta►sing of any part of t�a Ftoperty.or far convcyaar�e in�ieu of oondemnation,are hereby assigned and
<br /> �" shall be paid to I.ender. -
<br /> -�� In the event of a total taking of the Praperty,tha pmceeds shnl!be applded to the sums setured by this S�curity InsurameYU. _
<br /> whether or not then due, aritt�any e�cess gaid to Borrower. In the event of a partiaF takin�of the Pcoperty in wivch the fair -
<br /> � • market value of the Pro�serty immedia4ety before the taking is equal to or greater thara the amonnt of the sums setund by this
<br /> gecurity ipst�ument imrnediately before the taking.unless Borro��er aad Ler�der otherwise agree in writing.the sums sec�red by
<br /> thig�ecurity Insuumea�t shall b�raduced by the amoant af the proceeds multiplied by the following fi�stion: (a)the towf �
<br /> amount of the sums sec�red immediatety lsefore tha taking,div�ded by @Z the fair market vatue of the Progeay immedi�tely
<br /> � before the taking. Any Dalance shall be paid ta Burrower. In the event�€a pardal taking of the Prope�ry in which the fair
<br /> • market value of the P►ogerty immediately beforc.ths tahin�is less than the amoiant of ttte sums secured immediaisly 6efore the --
<br /> ' ' taking.unless Borta�fes and I.euder otherwise agcee in writing or unless at�plicable(aw otherwise pmvides,the pmceeds shaA ��`
<br /> .���. 6e appliad to the sums s Ycured by this 5ecurty Insirutnent whether or not tts�sums are then due.
<br /> F: .. If the P�+opescy is ahandone�i by Borrower,os if.aft�r aotice by L,ex�der to Borrower that the oondemaor offers to make an =
<br /> award or settle a claim far damages. Boreower.fails to res�oond to L�der wittain 30 days after the date the notiu�as given. ,
<br /> � > Lender is autharized to�collect and apply the pnecezd�,at i�opdon,eithur to restoration or repair of the Property at Ro s�stm�s
<br /> � secured by tlus Security Insuinaent,whether on vot then due. -
<br /> ' ' Unless Lend�er and Eorrower otherwise a�¢� in writins. a►�+,aPPlieatior� of proceeds to principal shall aot exte�or
<br />,: �,,,; postgone ffie dae date of ttte monYhly paymenta r�fsrted to in paragrapihs 1 and 2 or change ti�e amount of sucb payments.
<br /> � ll.Borrower Nnt Retea.ed;Fosb�aremcr.�';y�L�u�er:NoLa,SA�aiver.Extension of the time for payment ar modificatioa
<br /> of amorta�a�ion oF the sums secu.�ed by this S;cttnitr�,In�tr�amsnt grant�d by L.ender to any sucxessor in interpst of Boaower shall
<br /> � nat aperate td retease t�e tiah�7isy of the oregi�ut:t�mav�er.or:Bormw�r's suooessors in interest.Lender shal!not be required to
<br /> • camrnenee pra�edin�s against arry suocessar.idi§�:ittrsst;ar�reb�as�tu extend time for paym�nt or otherwise madi4y amortizadon
<br /> of the stims secured by this Security Instrumenbib���•reusa�:�aS,any demand made by dte original Bo�wer or Borrower's �.
<br /> successms in interest.Any farbea�ance by Lender ic,�earfici�tt5�any right or remedy sha11 not be a waiver of ar prectude the _
<br /> exerslse oi any right or s�em�dy. � � �
<br /> lZ.St[cc���As,�g�8odud; ./oint an�Stve����hilltyr �gne�s. 'I7ie covenants aod agreeanents of this -
<br /> . Security I�r�i�si�l bind•and Fsenefit the suscessars and,a,signs a��.ender aad Borrower. subject to the pmvisioms of
<br /> par�S� L?. II2rr:nmver's oovenants an�d agrcemeuts shall b:joint �-�t:�aver�l. Any Borrower who co-signs this Secarity
<br /> Jr��nt b�t does noi execut�the Note: (a)is co-signing this Securiry =�r*+�*nent oaly to mortgage. giant ansl wnvey Waz
<br /> � �:,:� Boaow�zr's interest in the Property ur.dec ttie terms of this Security Instmment; @}is aot gersonal3y obligated to pay•the swns
<br /> : ••;;;�'> , secureA by ttiis Security Instnuaent:and{c)ag�es tLat:Le�zr and any otis:r Borrow�r may agree to extend.modify.forhear or
<br /> malce any a�xommadations with reBard to tt�.tearc�af this Security Insutu,�r�nt or the Note without that Borrower's oons�nt.
<br /> • .. � 13.Loan Cha�ges.If the loan seauerl by t�tis Secvrity Inswineat d�:subject to a!aw which sets maaimnm loan.c6arges,
<br /> . . . ana that law is finally interpreted so that.the in2erest or oth.r toan chazges coll�cted or to be wllectetl in oan�tion with the
<br /> ' loan exceed the pertnitted limits,then:(a)any such loan charge shall be reducfd by the smount neoessary co reduoe the chat�e
<br /> ,� ,�
<br /> to the pemuttod Iimit;and(b)any sums already collected from Bo:rower�.vhic[z exoeedod permitted limits will be refundad to =
<br /> '�•s�.': Borrawer. Len�er may choose to maYe this refund by tieQucing the Qri:a�apa! owed under the Nn:z oa by malciag a direct
<br /> • '.:�,-. paymem.to Ha.�rer. If a re�und reduoes p�incipal, the reducdon u=�1 be ueated as a parteai�+p.�:.-yment without any
<br /> , . pt�gayment c�es,��::andes the Note. . � �
<br /> - �. •�4.Na�,.:,'rltty notice v,a 1"�orrawcr provided for in ti�.?s�urity Instnttnent sh�I�C be givea by delivering it or by mailing
<br /> • • • ��Fa��'�zrst ciuss:trn�:l unIess appIiable law requires use of^,at��'ter rce4hod. The nodoe�all b;dircxted w the Property Address �
<br /> . :.k._. ,'
<br /> •. ,{, . !+��ty uthea�rli�s Bortower d�signates by notioe to Lender. Aay notice to Lender shail be g'�ven by fiist class mail to
<br /> ��[xs':�tr's addtea:,�stated henin or any other address Lender designates by notice ro Borrowes.Any notice provided for in this
<br /> � �, �r�ty Instnimcnt chall 6e deemed to have been given to Borrower or Leader when given sis provided in thi.c paragraph.
<br /> � . '��.Goveming Lar�; �Se��bdlity. This Security �Mrument shalt be gover�+�l by federal Iaw and the law of the
<br />. jur:s�3iction in whicli the Fcaperty i.s located.in the event�any psovision or clause af tlus Security In�tnimem or tha Note
<br /> :,';;��''�. conflicts with �.e,�ble la�v.such conflict shall not affeet other provi�i�:s of this Security Instrugre��t or the Note which can be �
<br /> �•:
<br /> ' givzn effert w;t.�iM:n the coaflicting provision.To this end tke pmvi�*c�cs�nf this Security Instrv�ri�;:is and the Note ere declared
<br /> � � , to 6e severable:
<br /> � 16.Bosrower's Copy.Baa�ower shall be given one as�s.farmed capy of the Note:�,�of thia Securiry instrument. �
<br /> :.;.,; :, Farm SO�ZB 9190
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