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<br /> �-. __��� 92� i�66Z'7 =-
<br /> � psyments tt�y no IonQer be roquirod. �t thc optian of Lender,if mortga�c insurar�ce covera�e tin thc w�wunt and for tha pedod
<br /> that i.ender requira)provlded by wn Inwirer epproved by Lendar og�in becomas av�ilable and is ubtained. Barrower shalt pny
<br />_. _ ,_-._x..�.�x-_ .--.�_, �he�+n�miums roqufrod tn mpintain mongage inrurance in efPxt.or to providc a lass rescrve.untH tho requirement for mort�a�e
<br /> incurwxo ends in nccordwue with any written pgrcement between Borrower and L.endcr or Appiicabic f�w.
<br /> — 9.Inrpectia�, L.cndcr or ita egent may makc reasonahle eMrics upon pnd inspections of the Property. I.ender slwll Qivo
<br /> , Horrower notice at the timo of o�prfar to an inspoction�pecifyin�reasuneble c�use for the inxpection.
<br /> -a_____� �� 10. Condemrutbn.The proceedA of any award or cluim for dwmages, direct or con.sequentiul, in cannectian wi�h any
<br /> condemnedon or oRher takin�of�ny paA of the PropeRy.or for canveyancx in lieu oP condomnntion. tuo hercby assi�{nod wd `
<br /> -__— -- _ �all be paid ta Lerxler.
<br /> :
<br /> In ihe event of A totql taking af the Propeny,the procecdK Rhall be epplied to the sums se�ured by thia Securfty Inatrument,
<br /> � -- _ --, v,�lscthcr or rtos tlten due,��rIt4t eny efcess paid to R�rmwrr. In the event af a partiel taking of tho Praperty in which the feir
<br /> -_ _ ___ _-__ market value of the Property immediutely before thc taking is equal to or g�euter Ihan the amount of the sums secured by this �
<br />_ __ _—__ � Security lnstn�ment immedistely before the telcing,unless Borrower nnd I.ender otherwise agree in writing,the sumc secured by
<br /> this Security Instnament ehall be reduced by the amount of the pracee�ls multiplied by th�s follawing fraction: (a) the tota!
<br /> - ---- emaunt of the suma secured immodiutely beforc thc taking,divided by (b) the fair markct value of the Praperty imrnodiately
<br /> bcfare Ihe tuking. Any balance sholl be paid to Borruwcr. In the event of a psutial taking of the Praperty in which Ihe fair
<br /> murket valuc of the PropeRy immedis�tely bcfore the teking is less then the amow�t oi the suma secured immediately befare the
<br />--- taking,unles�Borcower and Lender otherwise agree in w�itfng or unless upplicable law otherwice provides, the praceeds shal�
<br /> be applied to the sums secured by this Secudty Inatrument whether or not the aums are then due.
<br /> -- _- --- lf the Property is ebendoncd by Borrowcr.or if.�fter notice by Lender to Horrower that the rnndemnor offers to mulce an __
<br /> -=i = -- award or setUe a claim for dumages. Borrnwer fails to respond to Lender within 30 days afler the date the natice ie given,
<br /> �. -------- Lender is authorized to collect and apply the proccxds,at its opdon.either to restaration ar re p a ir af the Property or to the suma
<br /> :`�.� •`�F�''� secured by this Security Instrumem,whether or not then due.
<br /> �--- - Unless Lender and BoROwer otherwise agtee in wdting,any applicatian of proceeils �o principal shall not eatend or
<br /> __ „ 1,�„� postpona the due date of the monthly payments referred to in paragraphs 1 and 2 or change the nmount of such payments. _
<br /> — ---�- 11.Borrower Not Released;ForbeArance By I.ender Not a Weiver.Extension of che time for payment or modification
<br /> Y�����i��� of amortization of the sums secured by this Securfty Instrument granted by Lender to any successor in interest of Borrower shall
<br /> -_�� I not operete to release the liability of thc origin�l Borrower or Borrower's successors in interest.l.ender shall not be required to
<br /> -';,��,�.m�,� commencc proceedings aguinst any successor in interest or refuse to extend time for payment or otherwise madify amortization
<br /> = of the sums secured by this Security Ins�rument by reason of any demand mede by the original BoROwer or Borrower's
<br /> succcs�ors ia inter�t. Any farbesrsx:ce by Lender in txtnfsing nny ryght nr remedy ahall not be a waiver of or preclude the
<br /> �+r�' �� eaercisc of uny right or remady.
<br /> _,���-:.,.
<br /> ,�:C_�t:;�^,#t 12. Successors and Assigns Bound; Jolnt and Several Liabllity; Casigners. The covenants and agreementa of this
<br /> ""���„�;.. . Security lnstrument shall bind and benefit the successars and assigns of l.ender and Borrower, subject to the provisions of
<br /> -���������•• ` parngraph 17. Borrower's covenants and agreements shall be jaint and several. Any Borrower who c�-signs this Security
<br /> - --�,:� i+r •:.,,•,:, Instniment but dces not execute the Note:(u) is w-signing this Securiry In�tn�ment unly to mortgage,grant and convey thnt
<br /> �� '�+.' � � �' Harrower's interest in the Property under the terms of this Sccurity Instrument; (b) is not persons�lly obliguted to pay the sums
<br /> �?� ' `"�"`' "" �'�� icecured by this Secu�ity lnstrumen4 and(c)agrees thAt L.ender and any othcr Aorcower muy agree to extend,modify, forbear or
<br /> -'.-.� :".:.,..: ..a�..•....e�
<br /> �V " make ony uccommcxiutions with regucd to the temis of this Security lnstrument�r the Note without thnt Borrower's consent.
<br /> •�tw�cees�•..n.,� 'w`f
<br /> � � ..,yd,.��.,:..• 13. Lown Charges.if the lu�n secured by this Security Instrument is subject to �law which xet+maximum loan charges.
<br /> ' ond thet law is finally interprete�l so that�he interest or other loan churges collected or to be collectc*�I in cunnection with the
<br /> �����+�"` loan�xceeJ the pemiitted limits, �hen: (a)uny such laan chur�e shall be reduced by the urnount necessnry to reduce the charge
<br /> i�a- r,nt,..
<br /> '� ". '�'���:�°�:.'.�,
<br /> �:'' •�`�''��-�` to the permitted limit;wid (b)any sums nlready a�llected G�m Borcower which exceeded permittcd limits will be refunded to
<br /> ,w�,,,,t.. . .�
<br />- Bormwer. Lcndcr may choose to muke this refund by reducing �he principal owcd under the Note or by making a irect _
<br />� .���"r� �'�''c ft' payment to Borrower. If u rel'und reduces principal, the reduction will be treuted as a panial prepayment without any
<br /> -='�` • *� prepayment churge under the Note.
<br />�-^�. , r`�s'�� �'� '`.�, 14.Notices. Any notice to Borrowcr provided for in this Security Inshument.hAll be given by delivering it or by mailing
<br /> �M'�i�^y .A
<br /> Y :+�,�,:_. ., � . it by fir3t class mail unless applicuble luw requires u,e of unother method. The notice shull be directed ta the Pmperty Address
<br /> �y:�„_ ' � or any other address Borrower de+ignutes by nntice ta Lender. Any noticr tu l.ender tihull be given by first class mail to
<br /> "`' - ' ' l..ender's nddress s�at�Yi hercin or any other addres�: I.�:nder desigrwtcs by notire to Borrower. Any notice pmviJed for in this
<br /> �v ' ?'`���' Securiry Instrument shull bc deemed lo huve tx:en given to Borrowcr or I.r.ndcr when givcn us provided in this paragn�ph.
<br />_; �,t, �;�.l+a..='•�" .'
<br /> �a� ' ^y�, , . 15.Governing Iaw; Sever�b0lty. This Security Instrument ,hull be govcrncxi by federul law und the law of the
<br /> , jurisdiction in which the Pruperty is lur•rted. In the cvent�hat uny provision or cluu.c of this Security Instrument or�he Note
<br /> "�p'' �° �; ' conflicts with npplics�ble luw,aunc�an0ict shs�ll nut aff��t other provi.ions of thi,S�xurity Intitrunxnt or the Note which can be
<br /> .�� �,..� ,,�:•� :y • given effect withcwt the ron0icting prrivision.To this cixl thc pr��visiom��f this Security Inslrun�ent and the Note nre declared -
<br /> �`� to be severnble. -
<br /> . ' � ' 16.Borrotrer's Copy.Borrawer shnll be givcn onc cnnfurnirJ r��py of thc Note anJ uf this Se�uri�y Instrument.
<br /> ' � � • Form 3026 91Y0
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