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<br /> � � paymenta may no langer be required.at the option of L.ender,if morlgage insurnnce coverage(in the amonnt and far the perfod
<br /> that L.cnder requircs)provided by an insurcr approved by i.ender again becomes avallable and ie olxaincci. Borrowcr shull pay
<br /> `= the premiums required to mainwin mortgage insurance in effect.or to provide u loss reserve, until the requircment For moRQa�e
<br /> lrwurance enda in accordance wlth any written egreemem betwxn Borrower and L.ender or applicable law.
<br /> - 9. Inspeclion.Lender or ita ogent may meke reasoneble ent�les upon and inspections af the Praperty. Lender shell�ive
<br /> ��� Horrower notice at the time of or prlor ta an inspection specifying reasonable cause for the inspection.
<br /> --- lA. CondemnaUon. The proceeds of any award or claim ior demages.direct or conseyuential. in connection with any
<br /> -"- ' � ccmdemnation or other takln of any pan of the Pro rty,or for conve ance in lieu of candemnation. are hereb avgi ned and
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<br /> .'��� ahall be paid to Lender. �
<br /> In the event of a total teking of the Property,the proceeds shall be applied to the sums secured by Ihis Securlty lactrument,
<br /> whethor or not then due, wfth any excess paid to Borrawer. In the event of n p�rtial tuking of the Prapeny in which ihe fair
<br /> � market vulue of the Property immadiately before th�taking is equal to or greatcr than the amount of the sums secured by thia
<br /> Security Instcument immediately before the taking.unless Borrower and Lender otherwise agree in writing, the sums secured by
<br /> _-�---�--�_� thia Security Instrument shall be reduced by the amaunt of the proceeds multiplied by the following frnction: (a) the totAl _
<br /> -- amount of the sums secured immediucely before the taking, divided by (b)the fair market value of the Propeny immediately
<br /> ���p� '�^"=� before the taking. Any balance shall be paid to Borrower. In Ihc event oF a partipl taking of thc Property in which the fair
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<br /> ,�n�-��'y� marke�value of the Property immediataly before the taking is less than thc amount of the sums secured immediately before t e
<br /> ,���� taking,unless Horrower and i.ender otherwise agree in writing or unless upplicable law otherwise provides,the proceeds shall
<br /> - - -- - be applied to the sums secured by this Securiry Instrument whether or not the suma are then due. _
<br /> !f the Property is abandoned by Borrower.or if,afler notice by L.ender ta Borrower that�he condemnor offera lo make un
<br /> --- award or settle u claim foc datneges, 9onower fails to re.gpond tn l.ender within 30 days ufter the dete the notice is given,
<br /> �p, �•�;, �4� :., [.ender is authorizecl to collect ztnd npply the proceeds,at its optian,elther to restoration or repuir of the Property or ro the sums ___
<br /> `'�•-�-"�'��� secured b this Securft Instrument,whether or not then due. �w
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<br />- --� ' Unless Lender and Barrower otherwise agree i�writing. nny applict►tian of proceeds to principul shall not extend or
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<br /> "� ;�'� � postpone the due dute of the monthiy payments refened to in paragraphs l nnd 2 or change the amount of such payments.
<br /> ��. ; ;�i..: i 11.Borrower Not Rekased;Forbearnnce By Lender Not a Waiver. Extension of the time far puyment or mndificutiun
<br /> - -� ,- � of amortization of the sums secured by this Securiry Instrument granted by l.ender ta uny successar in interest of Borruwer ahall ���
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<br /> - ,,.:;•� �°�• ��.. � i not operate to release the liability of the orfginal Borrower or Borcower's successors in interest. Lender shall not be required to
<br /> �'��`�.��;�� .-- commence praceedings against any successor in inrerest or refuse to eatend time for puyment or otherwise modify amortizution
<br /> ''••�': r J � of the sums secural by this Security Instrument by reuson of any dcmand made by the originnl Borrower or Borrower's -
<br /> ��-4��% �����:,.�,:;� successors in interest. Any farbearance by Lender in eaercising any right ar remedy shall not be a waiver of or preclude the _
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<br /> iY�.v'.�.ak'X� extrclsc of any right or remedy.
<br />---_.:�.a...�.:��,:�;w�'� 12. Successors and Asslgns Bound;Joint and Several I.IabiNty; Co-signers. The covenunts and ngreements of this
<br /> � , . • Security Instrument shall bind and benefit the successors and assignti of Ixnder and &►rcower, xubject tu the provisions of
<br /> • • ' paragraph 17. Borrower's covenunts and agreements shall be joint und scveral. Any Borrower wha co-signs this Security
<br /> •+� ^ " Instrument but dces not execute the Note: (a) is co-siguing this Securlty Instrumem only to mortgage,grant und cunvey that
<br /> — ' Borrower's interest in the Property under the terms of thic Security Tnstrumant: (b) is not personally obliguted to pay the sums _
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<br /> �'.ry:��, "'= secured by this Securiry Instn�ment; and(c)agrees thut l.cnder and any ather Borrower mvy agrce tu extend,modify,forbear or _
<br /> ,.-5 " s ;�':, make ar�y accommodations with regard ro the terms of this Security Instrument or the Nate without thut&►rruwer's coment. _
<br /> " r: 13. Loan Charges. ff the lonn secured by this Security Instrument is tiubject to u luw which sets maximum loan chu�ges,
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<br /> ��.'� ,,,,,.,,,,�,,,.�_;,...,�_'`' and that luw is finully intcrprMed so that the intcrest or other loan charges callected or to l�e collected in connection with the ---
<br />-���. ,,.��,,,:._ loan exceed the permitted limitti,then:(u)nny such loan churge shull be reduceJ by the amount necessAry to r�:duce the charge _
<br /> •.. , ... to the pennitted limit:and (b)uny sums already callected from Borrower which excet.'d:�l permitted limits will be refunded to _
<br /> � �- ' Barcower. Lender may choose to muke this refund by reJucing thc princip•rl uwcd unJcr thc Note or by making u dircct _
<br /> ��;�"�` : � �' payment to Borrower. If a refund reduces principal, the reduction will be treu�ed us a purtiul prepayment without eny
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<br /> prepayment charge under the Note.
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<br /> ��� ., �-�'���,�' � t 14.Notices. Any notice to Borrower provided fo� in this 5ccuriry Ins�nun�nt xhall be given hy delivering it or by mailing �
<br /> �,.,� . �- it by first cluss mail unless upplicuble luw requires uxe uf vnothcr methcxi.The notice shall bc Jirected to the Propeny Address
<br /> .. or�ny other uddress Borcower designates by notice to Lendcr. Any nuticc to L�ndcr shall be givcn by first clnxs moil to ^
<br /> � � 4 Lcnder's address �tnted I�rein or any other uddress l.cnder Jesignates by noticc to Borruwer. Any notice provid��i for in this
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<br /> �� �'f.• •z� - Scxu�ity Instrument shull be deemcci to huvc lx:en given to Borcower or l.cnJcr whcn giv�n as proviJed in this parugruph.
<br /> � � �'' ` IS.Governing Law; SeverabfUty. This Sccuriry Ins�runx:nt ,hall tk �uvemcd by fcdcral law and thc law of the
<br />��� � jurisciiction in which the Propcny is IaatcJ. In tlx:cvcnt thut •rny provi.ion or rluu+c uf�his Sccurity Instrumcnt ar the Note =-
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<br />_"` �•. : ,,�.. confliets with u p plicable luw,such confliet shull not uffect other provisionx of thi,Sccurity Imtrument �x thc Nc�te which enn be
<br /> �^' ` °�'��� • • given effcct without thc conflicting provision. To thi,cnd thc provixions of this Sccurity Instrument and the No�e are declured �--
<br /> a .�,:-,,. to be severable.
<br /> ,� ., 16.Uorrnwer's Copy.eorrowcr shall be given ui�cunlin•mcd ropy�if the Natr und��I'this Sccurity Instrument. -
<br /> � Fam 3028 8IP0 �
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