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<br /> Raymcnts m�y no IongcB 6e ecquteccl,nt d�e Qpda�of Lcndcr,if mortao�c lnsurnnncc: covcrage(}n thc amount c3nA for thc perind �:�
<br /> � ihat Lcnder reqidres)provlded by t�n in+�trcr c►pp�oved by I.endcr ngnin br,camc4 avnilnble�uid is obtnined.Borto�ver shall p:►y dic
<br /> premium9 requlrcd w maintain mortgage lnsuranca in efl'c�t, or ta providc n loss reservc, unill thc ecc�uircrnent �'ar mongago
<br /> `', ..t' � insucanco encls in accordanGC with nny written ngceement t►etween Aonower and l+ender or applicabla law. ,R._
<br />�,. • 9.Inspeetian. Lendcr ar its agent muy mnkc rcasonablo �entries upon aztd inspccdons of tho Property. Lcnder sS�nll givc ;_:,:
<br />: �i�,�.' n� Boxrower nadcc at tho dmc of or pdor to an inspcGdon spcclfying rcusonnbla causo for thc Inspccdon. '
<br /> ` '�.� 10.CondemnAt(on. Thc procectls of any nward or claim for dumages. dlrcct or consequential, in conncction with any --
<br /> -'=�..s::�.3:� condemnation or other taking af any pare vf tlie Fioperty,or t'or cnnveyance in lieu of condemnndon, ure hereby assigned and
<br />,u;���_.�— shall bc paid to I.�ndcr. - --
<br /> I.
<br /> " In thc even►of a total teking of the Pro}9etty.�he procecds shnll bc eppitecD to thc sums secured by d►is Securlty Ins[rumenb �.-.=;
<br />--- whether ar not then due,with any excc:ss paid to Borrower.In the evcnt af a pardal taking of tha Property in which the fair market
<br />��'F'.'° '� valua of the Property in►mediatcly bcforc the taking Is equal to or grcatcr than thc emount of thG sums secured by thia Securlty _�[
<br /> •'�����^�.-�*"� Insuumcnt immediately bcforc the taking, unless Borcowcr and L,cnder othenvise egYCe in wridng, thc sums sccured by this �--�_
<br />- ��•>� `� Seau�iry Instr�ment stiaU be reduced by the a�nount of the pracecds multlpiled by dhe following frncdon:(a)the total amount of ��,:_.
<br /> "'"''�✓ '� lhe suns sccutet3 1me�tedlat�elY before t�a taking,divided by (b)the faie market value of the Property immediately before the
<br /> • •E•,;:, ,, in which the fair markct value af thc
<br /> " �'` taking.Any balance shall be paid to Bonower.In the evcnt of a pactiel takinB of the Properry
<br />„�;�• :;... �
<br />�-i r��',.`.":'4Y • pcoperty immediately before thc taking is less than the anount of the sums securcd inimediately befare the taklr►g, unless
<br /> � Bonower and Lender otherwisc agree in wcitin�o�u n l;,s s app ll c a b l e l a w o t h e r w i r,e provides.the ptocceds shtill be applird to the
<br /> °*`��� sums secured by this Security Instrument whether or not the sums are then due. �
<br /> ''"' If the Propesty is abandoned by Borrower,or if,after nodce by Lender to Bonower that the condemnor offera u�make an
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<br />-_�.�=r:,_`� a�vard or settle a clafm for damages,Borrower feils to respond w Lender within 30 days efu:r I�e date the naticc is given,Len er
<br />";-;��,, is authorized to collect and apply lhe proceeds,at irs opdon,either to restoration or repair of the Property or uo ihe sums secured
<br /> � -��•� � � by thia 5ecuriry Inswment,whcther or not then due.
<br /> -=�=�'��`'� Uniess I..ender and Borrowcr otherwise agree in vvritin8�enY aPP��tion of proceeds to prir►clpal skaU not extend or postpone
<br />°'�.3�:;"'� hs 1 and 2 or changc the emount of such payments. _
<br /> �u:,�.;; the due date of the monthly paymcnts refened to in parabnaP
<br /> � ��--"� 11.Borrower Not Reteased;Forbwrance By I.fnder Not a Wulver. Extcnsion of thc tirnc for payment or modificaaon
<br /> ��y"�-' of amortizadon o£�he sume securut by thls Securiry Instrument granteci by I.ender to any successar in interest of Boaower shall
<br /> {�„�� not operate to release the Iiabiliry of the orlginal Boaower or Borrower's successars in interes�.Lender shall not be recluired to
<br /> '�- --
<br />-"'�'"""'� commence proceeclinEs against sny successor In interest or refuse co extend ume for payment or otherwifle mocllfy acnortlzadon o
<br /> =�°�'" the sums sr.cured by Shis Securlty Instrument by reason of any demand made by the original Borrower or Bonower's succes�ors
<br /> �N�:� ;n intr.res4 Anv for6earance by Lender in exercising anY right or remedy shall not be a waiver of or preclude the exercise of any
<br /> _ --��r�� right or remedy.
<br /> -�"`�'`'��" 12.Successoxs and Asstgns Bound;3oint and Several Liabil�tyi Co•signere. 'Ihe covenants and agceements of this
<br /> -��°�� Security Insuumene shall bind und benefit the successoxs nnd asslgns of Lender and Honower, subject to the provisions of
<br /> �� �"`—� paragraph 17. Borrower's covenants and agceements shall be joint and several. My Bonower wt�o co-signs this Securlry
<br /> --- Instrument but daes not caecute the Note: (a) is co-signin8 this Security Instrwnent only to mortgage,griant and convey that
<br /> �� � Bonower's interest in the Property under the tcrms of this 5esurity Inswment;(b)is not personally obUgaud to pay the sums
<br /> secured by lhis Sxurity Instrument;and(c)agrees that L.ender end any other Borrowee may egrce to extend.modify.forbcsar or
<br /> � make any accommodadons with cegard to the terms of this Secuiity Instrument or the Nou wEthout that Boaowa's consenG
<br /> :_n=__~ 13.Loun Charges. If the loan secumd by this Securiry Inslrument is subject co a law whfich ssts maximum Ioan charges,
<br /> and�haz Iaw is finally interpreted so that the lnterest or other loan charges collxted os W be wllected in connecdan wid►the loan
<br /> uxceed the pecmiued limits,then:(a)any such loan chargP shall be reduced by the emount necessary co reduce the charge tn the
<br /> permiued Iimit; and(ly)any sums already collected from�orrower which exc.�eded pem►htecl lln►its will be refunded to Botrower.
<br /> — Lender may choose W meke this cefund by reducing tt�e grincipal owed under Ih� Note or by making a direcc payment w
<br /> Borrower. If a refund reduces principal, the reducdon wUl be uexced s+s e parbal Prepayment without eny prepayment charge
<br /> under the Note.
<br /> -.-------- 14.Nolkes. My notice to Borrower provi�ed for in this Security Instrument shali be given by dellverang it or by mailic�g it
<br /> __, by first clas.v mail unless spplicable law requires use of anot!►cr method.'I'�e notice shall ba directed to the Progecty r°►ddress or
<br /> - --- �!y olhe* add�c.cs Borrow+er dest�nates by notico W Lender. Any notice to L.ender sh�ll be given by first class mail to Lender's
<br /> —_---- address staud herein or any other address Lender designates by noticz co nom,wu.A�.y noticc prov3der fo: in�h+W S�:ed!y
<br /> � Instnunent shall 6e deemed co hava been given to Borrower or Lender when given as provided in this pardgraph•
<br /> � �� 15.Gover�teg Law;Severabil[ty. 'Itiis Securlty Inst��ment shall be govemed by federal law and tho law of thc
<br /> °—�, jurisdicdon in which the Properey is located• In the event thnt any provision or clause of this Socusiry Insmiment or the Note
<br /> — conflicts with appilcable law.s¢ch conflict shall nat affect od�er provistons of ihis Security Instrument or the Note which can be
<br /> ___ -^� given etfect without the canflicting pxovision.To this end the provisions of tltis Securiry Insirument and the Note ere declared to
<br /> �—�"' be scverable.
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<br /> � Form 5028 9190
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