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<br /> ' paytseents cnay no long�r be required.st the option of Lender.if mortg�ge insurunce coverage(in the amauat and for the peaad ��
<br /> � that I.ender requires)provided by an insumr�pprovec!by Lender again becomes available and is obtained. Borro�ver shal!pay �:.
<br /> ;•,; the prtmiums required to maintaia murtgage insurance in effect,or to provide a loss rescrve.unti!the reyuimment for mortgage �".
<br /> insurance ends in accordance�vith any written agreement between Barroever astd Lender or applicaDle law. :_
<br /> � 9. InsReetton.txnder or its agent may make reasomtole entries upon and insPection§af the Property. L.cnder shall give �_
<br />' Borrower notice ut the time of oe prior to an inspection specifying masonable cause for the inspection. �j��
<br />' `�` 10. Condetnnanov.The procepds of any award or claim for damages, dimct or consequential. in connection with any
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<br /> �.` condemnation or other takine of any part of the Property,or for rnnveyance in lieu of cvndemnation, are herzby assigned and
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<br /> shall be paid to Lender. �__�`
<br /> .. In che eeent of a total takin�of the Property,the proce�ds shall be applied to the sunu secured by this Secnrity Instnsment. __:�
<br /> whether or not theu due, with sny raccess paid ta Borrower. In the ever�t of a partia! taking of the Property in which the fair �u;
<br /> � market value of tfie Property imm�iately b.fore thQ taising is egual to or greater t}►an the amous►t of the sums sea+red by this �_
<br /> '�'�".%' Security Instr�e�!imr,n�diately be€ore t�e taking.nnless Borrower and I.ender othenvise agree en writing.the sums secured by q�
<br /> � ?? this Serwity instrument shall b�reduced by the amount of the prooesds multiplied by the fallowing fraction: (a) d�e total �` `r�
<br /> �`'''`� amount of the sums secured imm�izsely bsfore tfie taking. divided by (b)th�fair market value af the Property immediaiely <
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<br /> '' , before the taking• Any balxn�ce shall be Paid to Horrower. ln the event of a partial taking of the Property in which the fair -
<br /> market value oi the Properry immediately before the taking is less than the amount of the sums secured immediately before the �_
<br /> taking,unless Borrower and Lender otlierwise agree in wriring or unless applicable law otherwise provides.the proceeds shall
<br /> be aFplieQ to the sums secured by this Seturity Instnuneut whether or not the sums are then due. ��
<br /> If the Property is abandonad by Borrower,or if,after rtotice by Lender to Borrower that the condemnor offers to make an
<br /> � award oT settte a claim far damages. Borrower fails to respond to l.ender within 30 days after the date the notice is giveo, �,n;
<br /> • ` Lendet is authorized to collect artd appty the procceds.at its option.either to restoration or repai:of th;Property or to the sums --
<br /> "' secured by this Securiry Instrument,whesher ar not then due_ ��"
<br />�••, .• LJnless Lender ansi Borrower�Lrwise agree in writing, any application of proceeds w principal shap not extend or _
<br />� postpone tf�due date of the montWy�ayments iefemd to in patagraphs 1 and 2 or change the arnount of such paymenu. -
<br /> � 11.Pcsrower HaR�eteased;Forbearance By H.ender Not a Waiver.Extension of the time for payment or modiferation �r'
<br /> ' of amortiiation of tF.e tt?�ns secured by thss Security Instrament granted by Lender to sury successor in interest of Borrower shall =
<br /> � aot operat`to retease the liability of the original Borrower ar F�.rr.ower's�uc.cessors in iaterest. Lender shall not be requirad to
<br /> commence proceedings against any successor in interest or refva�'o�eatend time for payment or otherwise modify anROrdzatiota �`~'-
<br /> ' of tfle sums secured by ths Sece�.*c:s instrument by reason a�f�y demand made by the original Borrower or Borccr:Ver's �'
<br /> �}��.•� successon in interest. �;bay f�-�ra:�c:. by Lcnder:.�rcisiny a:y right or remedy shall not be a waiver of or preclude the
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<br /> eaercise af any right or rznech. �`��
<br /> s.. 1Z. Sut�ce5sois Qzrrl�,r� �annnd;Joint ak3 Several Liability;Co-signers. The covenants and agre�ments of this ['..:
<br />->'' Security Insm�ment shall bind an��cnefit the successors and:sv�.;ns of L.ender and Borron•er, subject to the provisicrs of �
<br />��;.,
<br /> = ,, paragraph t7. Borrower's coveffints and agrcements shall be j��nt and several. Any Bc�,:wer who co-signs this Sc-�c�rity �;,.
<br /> Instiumens but does rvat execute the Note: (a)is�-signing this Sewrity :nsuument only to mortgage,gmnt and convey that �� �:
<br /> Borrower's interest in the Properry under the ter����this Security Instrument:(b)is not pe�sonally obligated to pay the sums : ,
<br /> secused by this Security Instruinent;and(c)agrees that Lender and aay other Barrower may agree to eatend,modify.forbear or ` !�"
<br /> malce any accommodations with regazd to the terms of tlus Security Instrument or the Note without that Borrower's conser,� �°�:
<br /> . . 13.Laan Cha�es.If the loan secured by this Securi¢y Instrument is subject to a taw which sets maximum loan c���,
<br /> and that taw is finally inierpretacl so that the intemst or oth�r loan charges collected or to be collecie8 in connection a:iL t'ue � ` �`
<br /> � loan eaceed the perm:zt�cu!i Eianits,then:(a)any such loan charge shall be reduced by the amount aecessary to reduce the charge �
<br /> ..� ,.' to the permitted limit: anJ t'b)anY sums already coltected from Borcower which exceeded permitted limits�vill be refun��.'t4�
<br /> Boaower_ I�nder may choose to �a�this refund by reducie5 the principal owed under the Note or by maldng n;��9�neq3 �
<br /> -- paycner�� ao 8orrower. If a refucul fa�uces principal. the t�Cl`UCG!OA will be treated as a �partiial prepayment wits�:�s uvy �
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<br /> :�,.. prepayr.z�rr:eharge under the Note.
<br /> "� 14.�+atices.A�+j rs�tice to Borrower provided for in this 5a�,ty Instr�-r�.nt shall be giv�n by de!i:;•s.�ung it or by mailing
<br /> . it by first«lass cmail c�(Irss applicable law requires use of anoth�s�e�,had.T!he nniice shall be directed t•��totr:Property Address �
<br /> � or arty 49h:a address 3orrower �°..s�;roates by notice to Lendeu. A�y notice to Lender sT.7;sl be givea by fitst�lass mail to � �[.
<br /> � Lertder'�a.�ddress stat�l ketein ot��'uther address Lender d���ig�a�es by noticc to Borro•+��cs�. Any norice provided for in this o
<br /> . Security Instmment slt��'he deemed to have been given to Borrower or Lender when�iven as provided ln this paragraph. . — .
<br /> • 15.Governing L:�nS; Severabiltty. This �aurity Instrument shall be �overned by federal la��: •nnd the law of the --
<br /> � _ jusisdiction in whic6 the Pcoperry is located. Ia t:�e�vent that any provision or clause of ahis Security P2K::ument or the Note g -
<br /> ` cor.flicts with applicable law.snch a�yflict shall not affect other provisions of this Security Instr�ment or the IVote whic��n be �-�
<br /> � : given effect without the conflictir,��rmvision.To this end the provisions of this 5ecnriry dr�:3�:ment and the Note are�tec;ared
<br /> to be severable. —
<br /> �� 16.Borrower's Ca�3y.Borrower shall be giti�.�one conforme�copy of ths Nate and of t:�is Securit,-nnsttument. �
<br /> ' • Fortn 3028 9190
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