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<br /> °- �:� � 92- ��2 -
<br /> _ _ payments mey no langer be required,at the option of l.ender, if martguge insurance covaragc(in the emount and for thc period
<br /> that I.ender cequires)provided by an insurcr approvod by l.endcr again becomes avuiluble ond ia ob�ainod. Borrower ahall pay
<br /> `�.' _ the premiums requiral to maintain mortguge insurunce in effect,or to provide u loss reserve,until the requirement for mort�age
<br /> = Iocurance ends in acco�+dnnce wlth an written pgresment betwten Aorrower and L.ender or applicable law.
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<br /> -- - - - 9.I�pectioa. L,ender or its agenl may meicc reasoneble entries upun aixl ii�np�x�iuu�uf'�{�C P�u��iy. i.e�wle� s{uJf give - �
<br /> Y ,y��a;.�. Horrower notice at the time of or prfor to an inspection apecifying reasanable cause for the inspe.ction.
<br /> 10. Condemru�tlon,The proceecls of nny �wurd or claim for damages,direct or consequential. in connection with any
<br /> � candemnution or other taking of any part of the Property,or for canveyance in lieu of condomnation. are hereby acsignod and
<br /> �hall be paid to I.ender G_
<br /> , In the event of a total taking of the Praperty,the prooceds shall be applied to the surr�secured by this Securiry Instrument,
<br /> ��'r"�.�.�e�y��f whether ar not then due. with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> --- -� market valuc of the Propeny immediately beforc the taking is equal lo or greater than the amount of the sums secured by this —
<br /> •, �, , ��`';,.� Security Insaument immediately before the wking, unless Horrower nnd L.ender otherwise agree in writing. the sums secured by
<br /> � � ��-�:��-�._ thia Security instrument shall be reduced by the omount af the procceds multiplied by the following fraction: (a) the tota!
<br /> ---- -�.,.;,���rS� emount oF the yums secured immediately befare the taking, divldcd by(b) the fair market value of the PropeRy immediately —
<br /> � ��-�--� before the taking. Any balunce shull be paid to Bortower. In the event af a partial taking of the Property in which the fair
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<br /> ���� -r-�_�•:- ma�ket value of the Property immediately before thc taking is less than the amount of the sumr�secured immediately before the
<br /> ---�,�b° ,:�;,��:y�F� taking.unless Borrowcr and l,ender atherwise ngree in w�iting or unless npplkablc law othenvisa pravides, the proceeds shell
<br /> �w ��L .;�;,,,,�•�• ba applicd to the sums secured by this Securlty I�strument whether or not the sums are then due.
<br /> _ r"`'•t'rsr;�°t��" if the Property is abandoned by Banower.or if,after notice by l.ender to Borrower that the rnndemnor offen to make an
<br /> :;,.F;",:�. ;", ::��,,._„ award or setNe a claim for damages, Borrower fuils to respond to Lender within 30 days after ihe date the notice is given,
<br /> -`' +if�.�+s4 r.�•�.�°'.,. L.ender is authodzed to collect and apply the proceeds,at its optian,either ta restorntion ur repair of the Property ar to the sums �__
<br /> �� :l,•..`. �''-�, :,;:,:� secured by this Security Instrument,whether or not then due. _
<br /> � ' Unless I.ender and Borrower otherwise ugree in writing, any application of proceeds to principal sha;� not extend or
<br /> - , , � poatpone the due dute of d�e monthly payments referred to in puragraphs t and 2 or change the amount of such payments.
<br /> ���`�`��` '�`�{ ' 11.Borrc►wer Not Released;F'orbearence By Lender Not a Walver. Extension of the time for payment ar modification
<br /> � �•��-�.: ¢� '!�, of amortization of the sums secured by this Secuiity Instrument grAnted by I.ender to cuiy successor in imerest of Borrower shall -
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<br /> ' "^-;�`�,'�� �` not opernte ta mlease the liahility of the originul Bnrrower or Borrowcr'c successors in interest. Lender shall not be required to
<br /> '.' 'a ,.,, '. commence proceeding�ugainst any successor in interest or refi�se ta extend time for pnyment o�otherwise madify amortization
<br /> ;'� �,,�1 •'"`�O of the sums secured by this Security Instrument by reuwn af Any demand made by the originu! Borrower or Borrower's �`'"
<br />'r- � /�af::.fa�i S"r,..':°_
<br />- `� � ..,�� .• successors in imerest. Any forbearance by l.ender in exercixing any right or remedy shall noc be a wuiver of or prerlude the _._
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<br /> exarcise of any right or remedy.
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<br /> ` �5� —��"��°"-•= lz. Suocessare and Asslens Bound;Joint and Severai Liai�iiity; Co-signera. The covenonts and agreements of this =�=--
<br /> •�"": '' `,:+� Security Instrument shall bind nnd benetit the successors und n.,signs of l.ender and Horrower, subject to the provisions of ���
<br /> : �� � � paragraph 17. Borrower's covennnts and agrecments shall lxx joint suid sevcrul. Any Borrower who ro-signs this Security
<br />- :,� ' lnstrument but dces nat execute the Note: (u) is c��-signing this Securiry Ins�rument only to rnortgage,gr•rnt und convey that
<br /> o-�,r.,.,;:
<br /> Borrower's interest in thc Property ur�der thc terms of this Sccurity Instrumenl;(b)is not personally obligulcd t�pay thc sums ___
<br /> ° ,,�Y: secured by this Sccurity instrument;und(c)agrces thut l.ender und any other Borrower may agree to extend,modify, forhear or ==-
<br /> .. , .. ,�,• make any accammcxlutions with regnnl to thc tcrms of this Serurity Instrument or the Notc without �hut &inower's consent.
<br /> � � -� �^�* l3.LoAn Charges. If thc loan securui by�hi,Sccurity In,trument is subject to u luw which sctti maximum loan rhurges, sf'=Y
<br /> '=_h ,:,.r+i,�.:::-�.- „1�;., und that luw is finally interpreted so thnt the intcrest or othcr loun churgcs collecte�i or tu be cotl��ted in cunnectiun with the -
<br /> �"?:�" :�rs�::, , . loan exceed the permined limits, then: (u)uny such lorn churge shull be reJuceJ by the umoum necessury to reduce the churge r
<br /> ��. � • ' tu the permittui limit; unJ(b)uny ,ums ulreauly cullecteJ from Borruwcr which execedeJ perrnineJ limits will be refundecl to �
<br /> �' • Borrower. l.cnder mu ch�wtie tu makc this refunJ b reducfn thc nixi rl owctii under the Notc or b makin u direct =''�
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<br />�-�: ��':�, .,,., paymem to Bortowcr. It' a rcfund reduccs principal, tlx: reduction will bc treated us u purtial prepuyment without any --•�
<br /> �,.�� �•, ,: prepayment charge under the Note. --
<br /> : ,�' 14.Noticev. Any ncxicc to Borrowcr proviJed for in�his Serurity Inslrument zhull Ix:given by dclivering it or by muiling �-
<br /> • ,«;�., � it by fir�t cluss muil unlexs upplicablc law rcyuireti utie uf unuther methuJ. The n.iticc shull bc directcd to the Propeny Address
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<br /> ' . .. or any other address Bonower dcsignutcs by nulice to Lxndcr. Any n��tKC to LcnJrr xhull be given by first clu.tir mail W
<br /> � L.ender's address stu�ed herein or uny other uddress L.endcr dc�ignates by n��tice tu Borrowrr. Any n�itice provideJ for in this �• �
<br /> -- � H• • Security Instrument shull be dcemcd w huve bcen givrn�u Borr��wer�►r LcnJcr when�ivcn u�pr�wiJed in this p•rr�gr�ph. --
<br /> - � ' ' 13.Govcrnina Law; SevetwbNity. This Securi�y lmtrument ,hull he guvcnu�l by tcderul luw aixl thc luw �if thc =--
<br /> � � ��'�� �� � jurisdiction in which thc Pro�xrty is IcxutcJ. In thc cvcnt thut uny pmvi.ion ur rlau.c of thiti Sccurity Instrumcnt or thc Note ° =
<br /> ` =��� , conflicts widi applicable luw, surh ronflict tihall not afl'cct uthcr provitiionti nl'thiti Sccuriry In,trumcnt ur tiic Notc whinc�un bc
<br />. • �� � given effi.�t without the runflicting provisian. To this end the prmisian. ��I'thiti Security In,�rument and the N��te are Jerlured .�...�
<br /> " � �.. " w be scvcrs�btc.
<br /> . ". 16,Borrower's Copy. &irc�►wer+hall be given onc conii�rm�d c��py uf tl�Nole wxl��f this S�YUrily Instrument, • -
<br /> �4 Form 3028 9180
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