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<br /> , . .f� '�-•��+ybni�����r:�iai�; -- _..
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<br /> -.�_:°� paymeats us�y no langer 6e reqnired,at the aption of Len�er,if�no�rt�e in�,�rce coverage(in the anmunt aad far thc�eri�0 "_
<br />• tkat Lcader requires)Provided hy an insurer appmved by i.eader again bacomes�vailabte and is obtaiu�:. E�ru�er shell}�y �
<br />. .. the premiums mquimd to maintain mortgage insurance in effect.or to pmvide a loss resen+e,until the requirement far mortga�e ��"
<br /> � in��ce ends in a�mrdance v�rith any written agreement beiween Borro�ver and I.Qnder or agptirable law. --LL
<br /> 9,gns,pect�on.lxader or its agent may make reasona6le e�utes upan and ins�C°ns af the Property. [.ender sh�ll give
<br /> �arrower not�re aa the Gme of or prior to an inspection specifyiug reasonabfe cause for the inspection. �__�_
<br /> 10.Coade�natfon.The proceeds of any a�vatd or claim for damages. dit�ct or rnnsequential. in wnncztian 3vith any --_
<br /> ' wnde�nation or olher taldng of any part of the Property.or for oonveytime ifl lieu vf condemnation.a�e hereby assi�ned astd � y
<br /> �.:.
<br /> `=.s,.. shall be paid to Lend�r. _�
<br /> . In the event of a total tafcing of the Proprcty,tI�pmceeds slrall be app{ied to the sums scxuned by ttus Secerity Instrum�Qt. ��= _
<br /> whether or not then due,with any excess paid to Eorrawer. In the event of a paiti�l tuking of the Pmperty in wiuch the fair %r'`��
<br /> market vatue of the Prop�rty i�mediately bsfore t l te t�k i ng is e q u a l w or g�ter�hun the amaum Qf the sumg secured by this �-��`-
<br /> k ,�--,:::
<br /> Se�auity Instrument icnm9diately before the ta4cing,unless Bormwer and I ender otherarise agree in writins.the sumn secured 6y —_
<br /> � ti�is Security Ynstrument sh�ll hs reduced by the amount of the pmceads mnlup�ied by the follovriug fiaction: ta) the totat ��-
<br /> . amflunT of the sams secu�ed immediatdy�efure the taking,divid�d by (by the fair market value of tlie Fraperty iaunediaEely
<br />.. hefore tth.takiag. Any balance s�f'i{DS psid ta Homnwer. In•�ixe event of a p3rtial taking of the Property in wtuch the fair '�=�•-'
<br /> " market value of the Property imms�tsly before the taking is�s than the amannt of the sums secured immedi�teEy befan tke 's"'.
<br /> tak(ng,unless Bornower and Lender otherwise agree in cvriting or unles�applicable luw athe�wise provIdes,the pmceeds shall '
<br /> . 6e appHed to the sums secured by tfiis Security Instr�►t whether or not tl�°.��au�dnen due. ��,•=__
<br /> . , If the Property is abandoned b�°Barrower,or if.aRer noti�by L�..�r�a Horrawer that the oondemnor offers to matce an
<br /> -- - award or settle a claim for daa�s; Bosrower fails to eespo�a��•� �ithia 30 days after the date the no�ce is given, �
<br /> , Lender is authorized to euitect and�ag3y the pmceeds.at its�irnz,eithet�rn,�wratian or repair of ihe Praperty or to the sw�as �_
<br /> . • secared(sy this Security u-auument,whether or a��hen due.
<br /> ° Unlcss Lertder and Bo:rower otherwise�in writiag, anY �Fiis��n of pmoceds w ptincIpal shall aut extend os �'.,..
<br /> � , postpone the due date of the month!�r payments referred to in par�,rapbs I a�Z ar change the amount of suc6 payments. --
<br /> 11.�orrower 1Vot ReieaseEI;�bn�itearance By Lender Nt;t��aiver.Extensian nf t1�e time for payrnent ar modifiaxtion
<br /> e
<br /> of amonization of the sums s��@�hy thls Security Insuume�g+canted by i.e�der to a�.�s��.essor in intetess of Borrower shall
<br /> `� not opecate to release the liabiliry of the original Borrower or Boaower's Euov�xors in interest.Lender shall uot be�quired to _��
<br /> ��� com*��p�''��inst any successor in iaterest or refuse to exEend fitan.:f,or payment or otheswise modify amort�ation _—
<br /> •• of the �ums secart�'a�this Serurity Iastrument by reasan of r�ny d��made by the original Borrower or Borrowe�'s �' •=
<br /> successors in inieresi. Any fo�fiearance by I.ender in cxercising-�, h�t fi=remedy shall not be a waiver of ar prechtda tits �""'"
<br />: :. exercise oF any ri�t.e:r�zu�dy. �
<br /> 12. Saccessora�AssgBgns Somnd;Joini an�Saveraf Idab�lity;(v,r�.gtt2is. The covenanu and agreements of tHis
<br /> � � Security Instru�ent sfi�31 bind and benefit the ����aessors and assigns of f��zer,and Borrower, subjed to tha provisions of �
<br /> � paragraph 17. Barrower's co�ens,.�ts and agee��cs shall be joint and saverat. Aay $orrower who co-signs this Seatrity """ �
<br />",,;.s'"�;. Insttument but dces not execute tt�_Nota:.(a)is co-signing this Security Instru�eat onitr ro martgage.grant and oomey that �'
<br />`:'"��� Barrowes's interest in the Propettz.mtnder ttte ter�s of this Secarity InsuumQnt;(b)is aa::�rsonaUy obligated to pay the sums
<br /> • sesvred by tfvs Security Instroment;�anrl(c)agrees that Lender and any other Borrower scaj agree to extead,•mcsdify.forbear ar
<br /> make any accommodations wi2b mgard to the terms of this Security Instnimet�oi the Note without t�at Borrower's oonsent. �
<br /> • 13.Iaan Chuges.If the loazs securefl by this Security Instnunent is�ject to.a law wtuch sets maximum Ioan charges. . �=��_
<br /> ' and that law is 6"inally interpreted so thnt the interest or other Ien:n•charges wllectad or to be wllected in cotu�ection with the �. ..
<br /> loan exceed the permitted limits.then:(a)any such loan char���all be reduced by the amount aecessaty to reduce the ci�arge
<br /> � to the pem�itted limit;and(b)any sums already collected frorn:�orrawer w�ich exce�ed pemutted limits will�cafur.�,:d W -
<br /> Borrower. I.ender may choose to make this refuad by redncing the princf�u3 owed uader the Note or 6y matciqg a direct
<br /> � PaY�nt to Borrower. If a refiusd reduces principal, the reduction will �,meatod as a partial prepayment witha�t anyr
<br /> :.�,. r
<br /> �?:;�'°•. . P�WY�t chargc undes the Notc. . `
<br /> • IA.Notices.Any notice W Bcr.—u�wer provided for in this S:curity Insuument shalf��e�en by delivering it bt by ataiting
<br /> � it by first class mail unless applkable law requires use of.anather method.The norice sh,Iln 6e directed to the Property Address E!!:. �
<br /> • vr any other adclress �orrower desig�ates by notice to Lender. My notiYe to Lender sha11 be given by first class tnail to
<br /> Lender's address stated herein or any other address l.ender designates by cmdce to Borrower. Any notice pmvided for in this . �_
<br /> • Security Instrument shall be deemed to have been given to Borrower or Le:..�er when given as provIdeQ in this paragraph. ��'•'
<br /> lv.Goveening L�w; Severabfil�ty. 'IYiis Sesurity I2�nt shall 6e govemed by federal law and the law of tho
<br /> . jurisdiction in wluch the Froperty is lvcated.In the event that any provisIon or clause of tltis Security lnsmiment or the Noie
<br /> ; conflicu with appticabie law,such wnflict shalt crot affect other prqvisions�:f this Secutity Instrument or the Note which can 6e � �
<br /> given effeet without the wnflictIng provision.To th:s end the provisions e4'chis Security Insuument and the Note aze dectared �;�=.
<br />,;.`;;;;;;:�;,;;� � co be severnble. .
<br /> - k:� � 1G.Bormsver's Copy.Borrower shall 6e given one conf�crr.ed copy of the Nate and of this Securlty Instnunent.
<br /> .,;!�, fom�3028 9/9�
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