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<br /> ' ' paymentc nuy rx�longer be required,at the optfon of L.endcr,lf muMgage insurunce coverage (in the umcwm and far the pariod
<br /> thtu Lender requires)provlded by an inRUrer upprovvd by Lender agein becomes available and is abtainal. Borrower shall pny
<br /> -- tho preMurns required tu mai��taln mortgagc insurunce in eftect,ur tu pruvidc a loss rescrvc,until the requircment far mon�e��
<br /> insuranco ends in accordence wMh any wriuen agrcement between Bortower and l.ender or applicable law.
<br /> ' +�-_, ,,,.,,6 9.i�pectior+. I.ender or U� agent may make reasonable enMes upon and inspections of�he Property. I.ender rhall�ivo
<br /> Borrower nwlce at thc time of ar prfor ta un inspection specifying reas�nable cause for the inspection.
<br /> -� �'����'� 10.Condemns�tbn. The praceeds af uny award or claim for damagea,direct or consequential, in conncction with any
<br /> ..'�.� ��„ .� coixiemnnt ion or other taking af Qny p�rt af the Property. or for convayuice in lieu of ranJemnation, are hereby sssi�ned and •c
<br /> '�°�"s�" ahalt be paid to L.ender.
<br /> ' '"" ' In Ihe event of A tatal taking af the Property,the proceods shell be apPlied to the sums r�ecured by this Secu�lry Instrument.
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<br /> w h e t h e r o r n o 1 t h e n d u e. with�n y cxccss puid to Bcirrower. In the event of a panial taking of the Prapeny in which�he falr
<br /> n , ` market valuc of the Property immediutely bcforc the taking is equal to ar greater than the amount of�he suma socured by thia
<br /> — °�""""'v4"""''`'�` � Sacurity Instrument immediately befare the tuking,unless BoROwer and I.ender otherwise agre�in writing,thc sumR securod by _
<br /> ?I,►y:::,�';;.� �'�:�,n thfs Securiry Instrument shell be roduced by the amount of the proceeds multiplied by the iollowing fraction: (a1 the totnl
<br /> ,=..F��'�_ ' amouot of th� sums secumd immedintely before the taking,dividcd by (b) the fair market vnlue of�he Property inunediately
<br /> ''�'°' before�he �aking. Any balance shall be paid to Borrower. In the event af a partiral taking oi the Property in which the feir
<br /> ,. .,, '',.3""� market value ai the Property immodietely befare the talcing is less than the amount of the sums secured lmmediately before the
<br /> taking,unless Borrower and Lender othetwise agree in writing or unlesa applicable law otherwise provides. the proccedr shall
<br /> ^�2��=:�1;: be apptiod to the sums secured by thia Securiry Instrument whether or not the sums are then due.
<br /> �'�""`"`�'°��''�� If the Property is abandoned by Horcower,or if.after notice by l.ender to Borrawer that the rnndemnor nffers to make an
<br /> �ki�' ¢'� awerd or scttle a claim for damages. Borrower fnils ta respnnd ta Lender within 30 days after the date the notice is given.
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<br /> — �', " � ' ' `°x Lender Is authorixed to collect and apply the proceeds,at its option.either to mstoration or repair of the Prupe�ty or to the sumc
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<br /> h: °y� `:�; scrured by this Security lnstrument,whether or not then duc.
<br /> -.� � � . �"s»�' Unless L.ender and Bonower othenvise agree in writing, any application of praceeds ro pdncipal shall not eatend or
<br /> — ,�, ,;�� � postpone the due date of the monthly payments referred to in paragraphs I and 2 or chnnge the�mount of such payments.
<br /> "� - " 11. Borrower Not Relesued;Forbearance By I.ender Not a Waiver.Eatension of the time for payment or modification
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<br /> , ,+. cif umoAicwion of the sums secured by this Security Instrument granted by Lender to any succe.csor in interest of Borrower shell
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<br /> not operate to releuse�he liability of the original Borrower or Borrower's successors in interest.L.ender shall not be required to
<br /> �— .' '�``"":'".; commence praceedings again�t any successor in interest or refuse to extend time for payment or othenvise madify amortization
<br /> ' � • � of the sums secured by this Secudty Instrument by reason of any demand made by the odginpl Borrow¢r or Borrower's
<br /> — ',�•� `� �� successarK in interest. Any forbearence by Lender in exercising any right ar remedy shall not be a waiver of or preclude t6e
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<br /> "i` a.�'�r.e '° ..-"�� exercise of any riRht or remedy,
<br /> .� . '�" 11. Suceessors and As.dgns Bound; Jofnt and Sevet�i Liabiiity; Co-sigaen�. Tia wv�is anci agsc�asts af lF�a
<br /> .��4 '•.:,•�u,r•t�, ,�,;�; Security Instrument shall bind and benefit the successors and assigns of Lender and Borcower. wbject to the provisions of
<br /> �•�-;� •• �.-�•� paragmph 17. Borrower's cavenants und agreements shall be joint a�l severel. Any Borrower who co-signs this Secudty
<br /> s ��,� ' lnstrument but dces not execute the Note: (u) is co-signing this Security Inswment only to mortgage.grant and comey tbwt
<br /> — � ' Bo�rower's interest in�hc Property under the terms of this Security Instrument;(b)is not personally obligt+ted to pay'the suma
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<br /> secured by this Security Instrument;und(c)agrecs thut Lender und any other Borrower may agree to extend. modify,fotbd�{or
<br /> .. N -� • malce any accommodations wi�h regard to the terms of this Securiry Instrument or the Note without that Borrnwer's oonsent.
<br /> ��.'t: ' � =. • 13. l.oan Charges. If the loun secured by this Securiry Instrument is sub}ect to u law which sets rru+ximum loan chu�es.
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<br /> .,,�;,�, , und that law is finally interpreied so thnt the interest or other luan chauges collected or to be collected in connection with the
<br /> ,;;,;�„4,�:� � loan ezceed the pernHtted limit+, then: (n) any such loan chArge shall be reduced by the amount necessary w reducx the clwrge
<br /> � •°�• "�'���1 to the permitted limit; anJ(b)any sums ulreudy ro��ectcci from Sorrowcr which exceeded petmitted limits will be ceflmded to
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<br /> ,.r. . Borruwer. Lender n�ny cha�se to m:ilce thiti refund by ralucing the principal owed under the Note or by malcing a direet
<br />-- - �� ; payment �o Borrower. If u rcfund reJuces principul, the reduction will be treated as a paniwl prepaymeM witlwut iutY ,
<br /> _- :'�" �" prepayment charge under the Nnte.
<br />--- - 14. Noticcs.Any notire io Borr��wcr provided for in this 5ecuriry Instrument shall be given by dclivering it or by mailing
<br />_=��. �;` ' it by first cluss m�il unlesti upplicablc luw requires use of another method. The notice shall be directed to the Property Addnss
<br /> . or uny other uddresti &�nower dcsignutes by notice to Lcndcr. Any notice to C.enJer shall be given by first class mail W
<br /> �i�� . Lender's uddress�taicJ hcrcin or uny othcr uddres, Lender designates by notice to Borrower. Any noticc provided for in this
<br /> • " �� Securiry Inxtrument,hull lx decmcd tu have treen given to&�rrwvcr ur I.ender whcn given as provided in this paragraph.
<br />:�rv' � IS. CoverninR Law; Severobility. Thi. Securiry In.trumcnt shull be govemc� by federnl law und the Iaw ofthe
<br /> `�� jurisdiction in which the Pro�erty i� Incat��d. In thr evrnt thut uny pruvisi�m or rlausc of this Security lnstrument or the Note
<br /> `�� � '!'�`��':. crmflicts with upplicuBlc luw,suc:h conllict shull n�n uffert othcr pr�wisians uf this Security In+trument or the Note which ean be
<br /> ��'� " � � ' , given eftcct without Ihc iimtlicting pru��itiion. To thix end thr pra��i�ium o1'thi�Security Instrument and the Nnte are declued
<br /> � to be+everublc.
<br /> � �"�� 16. Bormwer's Copy. &►rrower shall be givcn unc canti�micJ copy uf thc No�c und��f this Security Instrument.
<br /> � � Form 3048 8190
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