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<br />;F,� paymeats�ray no tongar be required.tu the option of Lender,if mortgage insurance cove�i�age(�n the an►o�����e P�ri°� �
<br /> `° that Leacter requires)pmvided by an iastirec approved by I.ender again becomes available and is obtanned. Horro�er slsall pay
<br /> tbe prerniums required to mainra'tn mortgage insurance in effect.or to provide a lo�reserve,until the requ'srement for mnrtgage �
<br />_�t�. • insurance ends in ascordance with anY writte°a8ree�nt betvieen�artotver and L.�nder or appiica6le law. -
<br />_�?�s 9.Insp�iton. L.ender or its agent may make rx�onable entsies upon and inspections of th�Property.Lender shalt give �__
<br />-;�;�f reasonable cause far the i on. ��
<br /> .�,r B�rrow�s notice ut the time of or prior ta un inspECsion specifyang �D�
<br /> .�.: 10. Cmndemnat€an.The ptaoeeds of uny awatd or claim for damages. direct or consequenti�l, in oonnecdon with any _
<br /> wndemttation or other taking of any part of the Pro�cty.or for conveyaace in lieu af conclemn3don, am hereby assigIIed and �N_
<br /> � ' shall be paid ta Lender. e�
<br />� In the event of a totAt taIdng�f the Praperty.the prooeeds s1�at�be applied to the sums secured bY this�ecurity Instrument. ___
<br /> whether or aot thea due.with any excess paid to Borrower. In th�eveni of a partial takir+g of th�Prog�..rty in whis6 tha fa'v r,
<br /> martcet value of the Prop�y imm�li�tety befare the ta2Qng is equal to or greater than th�aicaunt of the sums secured by this vv
<br /> Security Instrument immadiutely 6tfore tfce taldng.�mlcss Borrower and L.ende�uth�wise s3ree in�vriiing,the sums serumd by ---
<br /> thIs Seeuxity Inswm�t shall he redured.by the amount af the proceP.�ts multiplie�!By the �'ollowing fraction: (a}We total �i._
<br />� ", amount of the s�s se�ured imm3dia3efy 6afom the taking. divided by (h)th�fair marrlcet value of the Praperty unme�i�teiy =__
<br /> before the taking. Any b�lmice shaU b�paid w 8orrawer. In the evem Qf a p2rtiaF taking of the Prapxrtp in arhich th�f�r —�
<br /> . market value of the i'top�'iirm�dis�aiy hefc•e zha taking is tess thm ttta a�n�vnt of the svms seatre3t�emm9diatetY befilm tht =
<br /> takIng, unla3s Harcotver and L��-otbem+ise agree in writi��or untess appfirable law��itwrise Qroi'�ides.the F:�S ah�l
<br /> be agpiiai to the sums�ectirc�i��ehis Security Inswment w�rr�ne¢or not the sums ase t�dua_ __ .
<br /> ' If the Prop�rty iJ abazv�..cs.nd.b�;Borrocver,or if,after notice by Lesu�to Borm�L�r ohat the oandemnor off�s tn.m�etc�an �.-
<br /> �� swazd or serile a c'�:ao,`or��es, BomnKer fails to r+espand to Ixm��r w'rFhin =�daYs after the'iate the natioa is gie.n,
<br /> Leader is authoriu�+3 v�collecr�apply the proceeds,at its oprion.ei��:r.a•�estaca.+iun or m�air of the Property or r.o.3he sunos
<br /> � secur�by tlris Security Ia�ua�rr�ot.whether or not then due.
<br /> � [Tnless Leuc:er and Born�r��.-r atherwise agree in writing, any app�zaiian of proceeds to principal sha11 z�t exiend or �
<br />; postpone the due dra:��of the momhty payments refeired to in garagraphs t��2 or change the aamunt of sud►payme�s. _
<br /> ll,gorrotr�i+in;Cteleasred;For�eara�';aue By 1.�der Not a Wufc�c.Hxtension of tfie time for payment or modific�ion
<br /> o'f amorr�ifaa ef th�sums secured by this Security Insbument granted is;��.en�er to anY Su�essor in�tazest of Bprrowcr shall
<br /> �'• aot c�p�tu�c'�s�se the GabituY of the original Borrower a�Barra�uEr's sue�.QSSOrs in interest.Lender sball nnt h�a�qutt+zd W
<br /> ����o�ngs agaiiut eny suacessor in interest or r.�se to extend�ime far pay�ant or uthenvese madi�-�arti�ation _
<br /> • of the s���.6y tivs�ruritY Insavment by reason of any demand made by the otiginal Borrower�r•iRosrower's
<br /> ." y�¢ccessors in;M:�:Aay far6ea�ance by L.ender in exercising any ai�+t�r remedy shall not be a�•2iver ofc��lude the
<br /> , exer�sc of a��.�5t,ar rem��_ —_
<br /> ��:�1i a�.Snocessvrs and t�is Bouad; dotnt and Severaf Idabiiit�;�a-sl�uers. '�covenants and agrEe��'s,flf this .. . .
<br /> -Sect�."Y lnstrumerit shali biu�.an�d benefit the successors an�assignq of Lender and�amwer, subjed to the�u<�sions of
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<br /> paragraph 1�. Eioriower's arv�snanis and agrauients shall be joint and several. Any Borrower who co-signs t�ais'Se�urit3+ ■�
<br /> Instrnmenx but does not execute the i�Tote: (a)is casigning this Securlt+,�;iafstrument only to mortga�>grant and convey Wat =.:
<br /> Borrower's ituerest in the Properry�nde�che t�tr�ns�of�this Se,writy in�urim�nR•(b)is not gtrsonally:�b�ig�tesi w Pay the sams . _
<br /> � setura�•by this Secarity Iusmimsait���(e)agte�s thtt:L.ea�eraerJ•guy atttc�Horrower a�sy ag�ee to e�;�asl;modlfy,forbear or :
<br /> � m21cv�an}+accommodations with'mgai.'d ta tite terms of this Sac�trirf Inst�ument or the Note without tLat Borrower's uansent,
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<br /> � 13.Loan Charges•If the loan secured by this Security Iatctumeait is subject to a law which sets maximum�suu chu�;es. —
<br /> and that law is fwally interpreted so that the interest or other loan cUarges wllecte�l or to be collected in connection with the
<br /> laan exseed the pemiitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> • ta the permitted limit;and(b)any sums silreadY coliected from Borrower which exceeded permitted limits wiU be refuuded to
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<br /> • � Borrower. Lendes may choose ro make this refund by reducing the principal owed wfder the Note or by mak�ng a direct
<br /> payment w Bormwer. If a tefund seduces principat. the redaction will be treated�s a partial prepayment cvitflout auy `
<br /> prepayment chacge ur�der the Note.
<br /> ' 14.Notitr�a:��ny notire to Boaower pmv�idq!fos ia this Securiry.3sa�vment shall be giyen by�ellvertng it or Dy mailing --
<br /> .. it G,y first cia�s��r�n3l�unless agpl�cable law mquiius use of another�ttu�s?:'�e notina s'�211�di�Q��o che Property Address
<br /> . ur:��.ather addr�ss Borrower designates by aotioe to Le�dar. Any�r�ce ta �tr shall be given by first.class mail w
<br /> � 1.endei's aQdr�s stattd herein or arry other address Lender tiesignates E]+notice::��x�Mer. Any notice provis�(t'or in this
<br /> .�,: � Security Instrum�t shall be deemed to have been given to Boaower os 1,.,�»�ter�when.given as pravided in this pazagaph. _
<br /> � 15.GovernS� I.ac�: Sc�err+bility. This 3ecurity Inswment sS�r.t;l be govemed by federal law aad the law of the:•
<br /> jurisdicrion in which the Froperty is iacated.In the eve�u tt�at any provL,ir�n or clause of this Security in �m�:+t ot the Nutg�•:•.' �
<br /> conflicts with tt�pplicabte law,such con4lict shall not affect other provisIor6 of thL�.Sea::rity Iasuument or ths l�;ote whictr can be�
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<br /> given effect without the conflicting provision.To this end the provisians of this Sec�:r�ty In.,�tument and the Note are deelared
<br /> ' to be severable. _
<br /> � 16.Borror��s�'a Copy.Borrower shatl be given one wnformed ce�rj�+�f the Note aad of this Security[asttvment.. ; .
<br /> • , . • . . ' . 1 Form 5028 8t8(S:
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