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<br /> pnyment�mry nn lan�er be requfrod.�t the option of L.ender, if mortgAye inwrancc rnveraQe Iln the w�xwnt a�x1 for the periud
<br /> �hat[,ender royuire�►pravicia!by an insurer opprovod by Lcoder�gain hon►mcs pvailable wxl is �inal. 8ormwer�iwll pay
<br /> the prcmiumx roquired to maintain mort�agc i�su�in effaK,ar to providc o locr res�ervc,u�uil thc rcyuiame�u for muri�a+
<br /> inwanoe ends in socords�nee with any wriuen�Qroement belwan&►rrower an�l Lertder or applicAble IYw.
<br /> 9.la�peetia�.Lender ar its w�ent may malce r�asawble ent�le�upnn and inr�pectlons��f�Ar P�ope�ty.LerMler dwl! �ive
<br /> �� 8oirownr nc�tice ot�tk�ime of or pdor w�n inrpection speclfyinB m.�cnnable caure Pi�r�he inspection.
<br /> 10. CotWemnatlon. 71�e praceeds of any awar+d or claim for Janwge`, Jiral nr c��n�eyuenUil. in contw�tiiun with any
<br /> ...� condem�wtion or othe�wkiny of a��y put of the Property.or Por conveyw�cc in liru of�rondemnatinn. Yre hereby assi�ned�ud
<br /> ;-,—�- -- ---______- --- shall be paid tn l.ender.
<br /> In�ho event af a total�king of the Property.the praceods slwl!be oppliod to�he sums rorurcxl by this Security In�trument,
<br /> whether or not then due. with Any excess paid to Bomawer. In the event of u pvtial taking of tlu Propeny in which�he fair
<br /> �� m�rket value of the Prope�ty imntodiately before tbe luking is equsi!tn or grcater thun Ihe unx�unt of' thc sums isavrod by this
<br /> Sxu�ity lnsttument immedi�tely before the taking.unless Borrower nnd l.ender othenvise agree ln wt�ting, thc�ums�urod by
<br /> this Security Instrument shall be reduced by the wnount of the p�aceeds multiplied by the fallawing fraction: (A) the t�na1
<br /> --------- amount of'the sumc r�ecured immodiately 6efore the talcing.divided by(b)the fair market vAlue af t6e Property Immodiately _
<br /> -a--• � 6efore the talcing. My belance shall he paid to Borrower. In the event of a partial taking ot the Propeny in whirh Ihe tair
<br /> - ----- market value of Ihe Propetty imn�ediately before the taking is less than the mnount of the sums seavrod immediately before thc
<br /> _ _ taking.unless Bomawer sinnd Lender otherwisc agree in writing or unless applicable law otherwise pruvides,the pr�x�eeds s�wll
<br /> _ _ - 6e applied to the sums secured by this Security lnsttumenl whether or not the rums are then due.
<br /> -- - _ If 1he Property Is abandoned by Borrower,or if,after noticc by l.ender to Borrowcr that lhe ax�demnor oft'ers t�nwlce an
<br /> ---- awat+d or settle a cleim for damages. Borrower fails to nespond to Leader within 30 dqy�u(ler the dute lhe nWioe is given,
<br /> - _ :_i�,-�'<:�'� Lender is rwthoriu�J to collect and apply the prace,ads,At ies aption, either to restorution or repair of�he Proprny ar to the+�umx �
<br /> - -e-_,� ,•�.;. �.,��l� �ecured by this Security lnslniment,whelher or not then due.
<br /> -�- . Unless l.ender and Borrower otherwfse ugree in writing, any epplic�►tion of praceeds ta prireclpal shall not eatend or
<br />�=��--== -- postpone thc due datc of the monthly paymm�Gc refcrral to in paragrrphs I and 2 or chunge the emount of�uch payments.
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<br /> _ -.,,,-�--�:.•rn 11.Bomnwer Not Rele�sed:Forbearance By[.ender Not A Waiver.Extension of the time fnr payment or madification
<br /> =':i3,-,,;,�,;f�� of amortizatie►n of the sums secured by this Security Instrument granted by L.ender to any successor in interesl of Borrowar shall
<br /> ����i -:;� not oprrate to release the liabiliry of the ori�itwl Borcuwer or Borrower's succc�wrs in intere��.L.ender shall not be required to
<br /> . �•• �.
<br /> ::;er� .-, :y� commence pruccedings against any successor in interest or refuse to extend �ime for payment or otherwise modiiy urartizWion
<br /> --' ,:��r.r:�r'F,°;� of the sums secured by this Security Instrument by reuscn af nny demand n�ade by the original Borrower or Borrower's
<br /> successors in interes�.Any forbearanx by L.ender in exercising any right or remedy shall nat be a waiver of or preclude the
<br /> .s.��..»...�� �```�,� exercise of an �i ht or remad
<br /> ��r��n� Y 8 Y• -
<br /> T,_!-� �,..-:;� . - - l2. �ucc�ars as� �SSl�s� Bausid; luiat $stt! Sevfrs! LfabE!!!y: C¢signers. Tt�e �vPnantc and agreements of this
<br /> >>�•, �•-� Security Instrument shall bind and benePit the successors and assigns of l.endcr a�ul &�rrower, subject to thc provisions of
<br /> _�,� ��f' • � psuagrop8 �7, Bornuwer's covenants and ngreements shull be joint und several. Any Borrower who rn-sigm this Security
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<br /> ; Instrument but does not execute the Nate: (a) is co-signing thi.r Security Instrument only to mortga�e,grant and convey that
<br /> Borrower's interest in the Praperty under the terms of this Security Instniment: Ib>is not personally abligated to pay the�ums
<br /> -�� ..,�� e secured by this Securiry lnstrument; and(c)agrces thnt I.ender and uny other Bonower may ugrec to extend,madify, forbear or
<br /> .c ;r�`°�'� " mnke any accommodations wlth regard to the terms of this Security In�trument or the Notc withou[thrit Borrower's consent.
<br /> � `'` �'� ' 13. LoAn Clwrges. If the loan secured by this Securi�y Instrument is subject to a law which sets mt�ximum loan charges,
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<br /> nnd that law is fins�lly interpreted u�that the interest or uthe� loan charges collected�ir to be collected in rnnnection with the
<br /> ,� >,�,4. r'-. loan exceed the permined limits,then:(L)any such loan rh;�gc shall bc reduced by the umount necessary to reduce the cha�e
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<br /> -~� ,� �- ��;�M.�,�+ to the permitted limir,und(b)any sums alrcady collected fr��m 8ottower which excec�ded permitted limits will he refunded to
<br /> �� ,-�'"•. ' Borrower. Lender may choose to make this refund by r��cluring the princi�l uweJ under Ihe Note or by rtwking a direct _
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<br /> ; • payment to Borrower. Tf u refund reduces principul, the redurtion will be treateci n.c a parti�l prepayment without any
<br /> �'� , • prepayment charge under the Note.
<br /> � �u " �, 14.Notices. Any notice to Botrower provided fiir in thi�Security Instrumeni .hall be Fiven by delivering it or by rtwilin�
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<br />_ , .� .�••. it by first cluss mail unless upplicuble luw requires use af:�nother methcxl. The notice tihull lxx directed to the Propeny Address
<br /> ,�u��-.. � " ' or any other addre+s Borrower design:ites by n��tice to L.ender. Any notice to L.ender �hall t�e given by first class mail to
<br /> -• ' � � � L.ender's uddress stated herein ar any other address Lencfer detiigna�ec hy txnirc���&�rtowcr.Any notice providod for in this
<br /> +:"�." V...�,.•w
<br /> .�. � � Security lns�rument shall be Jeemed to have�x�cn given to&�rraw�r or l.endcr whcn�;iven a.r proviJai in this paragraph.
<br /> ` -'<� � 1S.Governtng Law; Severability. This Security Instrumem .hall be govemal by fedcral I�w and the law of the
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<br /> jurisdictian in which the Property is located. In�he cvent that any pr�visi�n or cl�u�c of thi.Sc�urity Instrument or the Note
<br /> ��-�� *^� conflicts with upplicable Is�w, wch canflict shall not uffixt other pmvi�ion+uf�hi.Srruriry Intiwment or the Note which c:u�be
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<br /> � ., '..-,;� given effect withou�the contlicting provision. To this end �he pruvisions ot'this Sccurity Instrumem and the Note are declared
<br /> . a�::,, ., ., . to be severable.
<br /> 16.Borrow�er'sCopy.&�rrower,hall be given one conli�rnied copy of U��Nut��nJ�.f thi� Security Inurument. _
<br /> �• .. • Fam 3028 8l90 _
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