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<br /> - payraenW rt�y no longer be required,at thc option of l.ende�,if ma►tgage insurencc coverage(in the amount arul for the pedod
<br /> , _— __.. ------�
<br /> tFwt Lender re�uiro�)provided by ari insurer approved by I.endcr again becomes available and is obtalnod. BoRawer shall pay
<br /> the premlums nequlred to maintein mott�age insuranc�in effect,or to provide a loss recerve,until thc requirement for mon�e
<br /> insurart�ro ends in accordance with ony w�itten agmement betweEn Borrower wid I.ender or applicable law.
<br /> -- 9.litepection. I.end�r ar its agent may malce reasonable entrfea upon and inspections of the Praperty. Lxnder shall give
<br /> -- — Borrower notia at the time of or prinr to an ins�pection specifying reosonable cause for the inapection.
<br /> -."— ------ ---- 10. Caalemrwtion. The praceecls of'nny award or claim for dw�wgcs, Jir�:ct ar wnsequentint, !n connectlon with any
<br /> �.— condernnation or other takin�of any part of the Property,or for canvcyance in lieu oF conclemnation.ere hereby assi�ned And
<br /> =l': � �hall be pafd to[.cndcr.
<br /> �� In the avent of a towl taking of ihe Property,the proceeds shall be applied to the sums secure�by this Security Instrument.
<br /> - whether ar not then due, with eny excess paid to Borrower. In the event of a panial taking of the Property in which the fair
<br /> - --- — market value of the Property immadiately beforc the taking ia equal to ar greater than the umount of the sums secured by this
<br /> - - _-- _� Sixurity Instrument immaliately before die taking, unless BaROwer and[.cndcr othcrwisc agree in w�lting,the sums secured by
<br /> ��°� thjs Security Instrument shall be reduced by the amaunt of the praceeds muitiplied by ihe following fraction: (a) the total
<br /> tunount of the sums secured immediately before the taking. divided by (b)the fuir murket value of the Propetty imme�iately
<br /> �-•=.���sxS� before the taking. Any balance shall be paid to Borrower. in the event of u purtiul �aking of the Pmpeny in which the fair
<br /> �'��'� market value of the Property immediately before the taking is less than the amaunt of the sums secured imme.diately before the
<br /> teking.unles9 Bormwer and I.ender otherwise agree in w�iting ar unles�epplicable law otherwise provides. the proceeds shall
<br /> �'`"��� be applied to the sums sec��red by this Securiry Instrument whether or not the sums are then due.
<br /> i —�'w�� If�he.Properry is ubandoned by Borrowar,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br /> �� �"�:� award or settle a claim for dameges, Borrower fails to respond to L.ender wiihin 30 days aRer the date the notice ia given.
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<br /> ��`-�' �- . • [.ender is suthorized to collect and apply the praceeds,at its option,either to restotatian or repair of the Propeny or to the sums
<br /> x �ecured by this Secu�ity Instrument,whether or not then due.
<br /> � ��`•���' �. . , Unless I.ender and Borrower othenvise ogree fn wrlting, any applicatian af procetds to principal shull not extend or
<br /> ` � � � ' ' postpone the due dnte of the monthly payments referred ta in porugruphs 1 und 2 ur change the amount of such paymente.
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<br />- •� Y'•== :•�<<� 11.Barrower Not Released;Forl►e�rance By l.cnder Not a Waiver.Ex�ension of the time for payment or modification
<br />- ��`�"�Y�v,'�,,'•��^ of amc�rtizatfan of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
<br /> J ' �`����'`�"���`�;'•"^� not rnte�o releace the liabillt of the od Mal Borrower or Borrowcr's successors in interest. Lender shall not be r uired to
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<br /> _ ',.: : ' „ � commence proceedings against any successor in interest or refuse to extend lime for payment or othcrwise modify amartizutbn
<br />- _, of the sums secured by this Security Instrument by reuson of Any demand made by the original Borrawer or Borrower's
<br /> - `: �:�<� v,�� =-4� successora in inte►est. Any forbeatance by Lender in exercising any Mght ur remedy shail not be a waiver of or preciude�he
<br /> '''`',• • exercise of any right or remedy.
<br />, . ��Cb�LR`!.iA�Y.'ti:•Y�'.•� 12. Successo�s and Assigns Bound; Joipt and Several I.iAbility; Casigners. The covenants and agreement� of this
<br /> • Se�:urity Instrument shall bind and benefit the success��r� und ustiigns of Le��dcr and Barrower, subject to the provisions of
<br /> °" � � ' " paragrpph 17. Borrower'x covenunts unci agreement.r• shull be:joint and seveml. Any Borrower who co-signs this Security
<br /> , Instrurnent but daes not�xccutc the Notc: (u) is co-tiigning this Security lnstrument only to mortgagc, grant and convey that
<br /> ..,,� �. .° .,� • ' Borrower's interesl in the Property undcr the tcrms of this Sccurity Instrumenr,(b) is not personally obliguted to puy the sums
<br /> �.• ., •- •• secured by this Sccurity Instnrmcnt;Ancl(c)ugrees lhat L.cnder nnd any other Borrower muy agrcc to extend, mcxlify,forbear or
<br /> .������-�� make s�►y uccommodations with reganl to the terms uf this Securiry Intitrument�x the Note without thu[Borrower's consent.
<br /> �S "" ' �'` 13.i.oan Cha�es. If the laun secured by this Se�:urity Instrument is subject to e law which sets mnximum loun charges.
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<br /> r�; �..,�.,..�_._,_,.�_: , und Ihat law is finally interpreted so thut the intcrest or other loun churges collrcted or w be collected in connection with the
<br /> �'��� °� �"''� loan exceed the pennitted limits, then: (u)uny such loan charge shall be reduced by the s�mount necessary to reduce the churge
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<br /> }. •�,^ � ... �. to the permittcd limit; and (b)nny sums alrwdy cullcctul from Bormwcr which cxru:iled permitteJ limits will be refunded to
<br /> '�, �,�:P�,�:n '��. Bnrrower. l.ender muy chcx�sc tu muke this refund by rcducing thc princip•rl owcJ under the Note ur by making u direct
<br /> ��� a ment to Borrower. If u rcfund reduces nnci al the reductiun will be treutcd us u artiul re • ment without an
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<br /> • � �;�� ' �'�` prepayment charge under the Notc.
<br /> . . - , 14.Notices.Any notice ta Bonowcr prmided for in this Scwrity Imtrument shull be given by delivering it or by muiling
<br /> `Y" ' it by tirst class mail unless upplicuble Inw requires use of another meth�Kl. The notice shall be dirert��i to the Property AJdress
<br /> � � � � ur any other uddress Borrower designsites by �x►tire te� l.rnder. Any n�nicc to L.enJcr shall be given by firxt cluss mail to
<br /> �,, .,���, Lender's address s�nted herein ur•rny rnher udJres. LenJer designu�e� by nntice to Borrower. Any notice provided for in this
<br /> , o ; Security Instrument shall be dcemcd lo huve hecn givcn ro Bunowcr or I.cndcr when�;ivcn uti pruvidcKi in this pAragruph.
<br /> �'' " , ' t S.Governing Lpw; Severability. This Srcurity Inslrumcnt shull hc govcrixti by fcderul luw und the luw uf the
<br /> � jurisdiciion in which the Property is I�xateJ. In thc evcnt th•rt any pruvisiun or rlaus<<�f this Security Instrumem nr the Note
<br />. „ �-� cunflic�ti with applicable Inw,such conflict shull nnt affcrt uther pr�rvi,iun+of thiz Sccurity In.trument ur thc Natc which cun be -
<br /> � given effect wilhout the contlicting provisian. To this cnd the pr��vixinns uf thix Secw+ry Instrument und the Nwc ure declared
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<br /> " to be scverablc.
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<br /> 16.Borrower's Copy.Bc�rrower shull be�tiven one conl'omied ropy��f�he Notr and of thix Security Instrument.
<br /> Form 3028 9190
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