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<br /> payments may no longer be required,at the aption of Lender,if martgage insurance coverage(in the amount and fos thc pc�End •.�..1�<<
<br /> that Lender requires)provided by an insur+er approved by Lender agsin hecomes available and is obtaincd. Borrower shall pa� <5�',:'.:
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<br /> the premiums re�uired to maintain mortgage insurance in effect,or to provide a loss resene,until.the reyuirement fc�r n:or�gage __
<br /> insurance ends in acoordance with any written agreement tsetween Borrower and Lender or applicable latv. �;�
<br /> 9. IaspeciIon. L.ender or iu agent may make reasnnable entries upon and inspections of the Property. Lender shali give �i.•`
<br /> � Borrower notice at the dme of or prior to an inspection specifying reasonable cause for the inspection. �t�x:
<br /> ::. 10. Condemnation. The proceeds of any award or elaim for damages, direzt or consequetuial. ia conr,eciia�n with any �i-:�'-
<br /> '� condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation, are hereby a�signed and �
<br /> shall be paid to L.ender.
<br /> In the event of a tota!tak�ng of the Property,the proceeds shall be applied to the sums secured by this Securirf Qnstrument. ,:.,r,
<br /> whether or not then due,ua2h any excess paid to Boaower. In the event of a partial taking of the Pmperty in which the faic �::°.
<br /> �: , market valice of the Propertp 'r.nm��.a:�i�flzfo�e the taking is equal to or greater than the amaunt of th�sums seceued by this �`�';-�<
<br />«�+�- Security Instrument immediately beF.::!e tae'taldna,t*.�iless Borrower and Lender othenvise agree in writing,tha sums secused by �.-
<br /> ;'� this Sec�xity Instmment siiall be reci��ci b}r5e aumunt of the proceeds mulriplied by the following fractia�L (a) the total �,
<br /> ,'�' ,amount of the sums secured immediatety ce.�.;s.�e taking, divided by (b)the fais market value of the Property immediately �'•'i°•
<br /> fiefore the taking. An�_b�[t�nce shall b��d to Borrower. In the event of a partial taking of the Pmperty in which the fair
<br /> market vaiue o€the Fro�ty immedi�.�eIy is�fore the taking is less than the amount of the sums secured immediately beforC the ,
<br /> taldng, u�es;�orroRer e.�.�i L,ender�u�eise a�in writing or unless applicable law otherwise provides,the prac�zeds shall — ~
<br /> • be ap�lied eo the s�ms s�x�ed by this S:.��urity Instn=sne�t whether or not the sums are then dae.
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<br /> If t�'Prflperty is�'band�ned by Borrower.os e€?�er aotice by Lender to Borrower that the oondemnor offers to make an '--
<br /> aa-�rd�r ss*_tl�a claim�or darnages, Borrower fails;c respond to Lender within 30 days after the date the n�tice is given. =Y---
<br /> i.��r 6s atrtharizec!to collect and apply the proceeds,at iu option,either to restorarion or repair of the Property or to the sums _ --=
<br /> • s�.�e�t�y�is Security Instrum�nt,whether or not then due. i',`�=:--�.
<br /> Untess Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not eatend or �x
<br /> , :�ostpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. �'`����a
<br /> I1.Borrower Piot Reieased;Forbearance By Leader Not a Wuiver.E�ctension of the time for paymettt or r�odifiqtion �``
<br />':�,a of am.orti�.�on of the sums secumd by this Security Insuumeat granted by Lender to any successor in interest of Borrower shall
<br /> - not opera2c 2o retease the liability of the er�'ina!Borrower or Borrower's sua;essors in interesl. Lender shall not be requiced to �'�f_
<br /> ."•�' commenc�proeeedings against any suc�r in interest or refuse to extend time for payment or atherwise modify nmortization
<br /> � af the s�s secured by tbis Security Instrument try r�son of any demartd made by the oripnal Borrower or Borrower's ��•
<br /> •� s�ce�sso3s i:�interest. A�y forbearance by Lender in e cucising any right or remedy shall not be a waiver of or preclude the
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<br /> - e�ercise ef�r�y�right or re*n�ty. �;..
<br />_'.;;:� 12. �naESSOrs and Assigns Bound; dolnt a�d Seveisl Linbility; Co-slgners. The covenants and agreements of this
<br /> Security In3teument shall bind and benefit the successors and assigas of Lender and Borrower, subject to the provisions of �' �
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Secndty ��==
<br /> �-,,�......
<br /> . ��' Ynsuament but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage. grant and convey that --
<br /> Borrower's interest in the Property under the terms of this Secnrity Instrament;(b) is aot personalty obligated to pay the sums __--
<br /> : : secured by this SPCUrity Instrumen�and(c)agmxs that L.ender and any other Horrowcr may agree to eatend,modify. forbear or w ��
<br /> . •i ma[ce any accommodations with mgard to the temis of this Securiry Instrument or the Note without that Bonower's conseni. �;-i•
<br /> �! ' !3.L oan C[s a a ges.I f t he loan s e�n e d by t his Security Instrument is snbject ta a law which sets maximum loan churses. '
<br /> ;•.; and that Iaw is finally in;;.-�reted so that the interest e�other loan charges collected or to be collected in connectian with the
<br /> .._,;.. ;
<br /> . j , Ioan exceed the permire�c f�nmits,then: (a)any such Ec�ri charge shall be reduced by the amount necessary to reduce the charge ••
<br />;�;,tti. . ¢o the pemi;ztac9limit:and(b)any sams almady wltected from B�rrower which exceeded permitted limiu will be refunded to
<br /> :� Borrower. t�nder may choose to make this refund by reducing �Se principal owed under the Note or by mulcing a direct
<br /> .`���i. .
<br /> payment to Bosrower. If a refund reduces principal. �he re���ion will be treated as a pastial prepayment without any ____
<br /> �Stepayment charge under the Noie. --
<br /> 14.NoR1ces.Any nouce to Borrower provided fW;ir this Sec;uity Instrument shall be given by delivering it or 6y mailing '
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<br /> it by first dass mail unless appliczble luw requires usc of another nethhod.The notice shall be directed to the Property Address
<br /> ' or any oi,:�a�ddress Borrower de�igner�§ by notice to Lender. Any notice to Lender shall 6e given by ftrst class mall to —
<br />� `� Lender's ad�ess stated herein or any cther address Le:ider designates by notice to Borro�ver. Any notiee provided for in this F
<br /> #�� . Security Instrument shali be c�e�.�mod to have been gice��a Borrower or Lender when given as provided in this paragrnph. ��' �� `
<br /> ,I� ' IS.Governiag Luc�; Severabf➢i¢y. This Secucit� lnstrument shall be govemed by federal !aw and the law of the ��
<br /> � jurisdictioa in which the Proparty i�lor.u;�. In the e�•ent that any yrovision or clause of this Security lnstrument or the Note ��-���
<br /> • conflicts vrids applicable law,su�h coaf�is�s shall not affect other provisions of this Security Instrument or the Note which can be �-�-'--�'=
<br /> : v given effect without the oonflicting pru,�isi�n.To this enc"the provisions of this Securiry lnsnvment and the Note are declared
<br /> � rr�be severable. _
<br /> � ' : 16.Borro�ver's Cn�}.�.G1c�icc�ehall be given one conforrned copy of the Note and of this Security lnstrument. �.. �
<br />:_;�r f Form 3�f1 9180 ���
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