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<br /> paymentx rr�y no longer be reyuired,st the option uf L.cnder,if martgage insurwicc ceterege(in thejumount r the perfod
<br /> " Uwt Lender rrquires) provlded by an inwrcr upproved by I..ender again becon�es available and is obtainod. Borrawer shall pay
<br /> - the prcmlumc rcquired ta ma+�u�ln mon�age Insuranca in effect.or to pravklo a loss reservc.until ihe requirement for mort�a
<br /> it�suranco eads in accordanca wlth any written agrcoment betwcen Borrowcr and L.onder or app8cablc Inw.
<br /> _... - --�__ 4.impeclion. I.enbar or its pgent may mai�c reasonabfe entriea upan and inspections nf the F'roperty. Lender�hail �ive
<br /> Borrower notica at the time of or prlor ta an inap�tion specifying rea�+anablc cuasc for the inspection.
<br /> - — 10. Condnnnallon. The proceods af any award or clalm for damages, direct or cousequential, in connection with any
<br /> �;. conJemnution ar other talcin�of uny parl of tha Property� or far conveyance in lieu of condemnation. are hereby tusigned and
<br /> �� rlwll be paid to I.ender.
<br /> In 1he event af a total taking of the Property,the praceed�shnll be applied to the sums scxurecl by thls Security Instrument.
<br /> whether ur not then due,with any cxcess pald to Borcower. [n the event of n partinl taking of the Prapeny in which the li�ir
<br /> - market velue of the Propeny immediately before thc roking is equal to ar grenter than the umount of the sums securod by this
<br /> Securlty Instrument immodiately betiore the taking,unless daROwer and l.ender othenvise agree ir�wnang,the sums secureC by
<br /> -�-- - thia Secu�ily Instrument ahall be reduced by the umount of the praceeds multiplied by the following fraction: (a) the total
<br />- ���---�--------- wnount of the suma secured immediately before the taking, divided by (b)the fair maricet value of tha Propeny immediately
<br /> __ _= -- before the taking. Any balnnce shall be paid to Borrower. In the event of a panial taking uf the Propeny in which the fair
<br /> - market value of the Proncrty immediately befare the�aking is less than the amount of the sums secured immediately before�he
<br /> .� taking. unless Borrower and Lender otherwise ugree in wr�ting or unless applicable law otherwise provides, the praceeds shall
<br /> be applied to the sums secured by this Security Instniment whether or not the sums ure then due.
<br /> �.� If the Property.is abandoned by Borrower,or if,aRer notice by I.ender to Barnnwer that the condemnar offers to make an
<br /> � � ° award or r,etda u clnim for damage.c, Hnrrower fuils to re.cpnnd to I.ender within 3Q days afte�the date the natke is given, _
<br /> =_�" ..�^�,� . I.ender is authorized to coilect und upply the proceeds,ut its option,either ta restaration or repair of the Propeny or to the sums
<br /> *�•��� securcd by this Secu�ity Instrument.whether or not then due.
<br /> — �"`��' Unless L.ender and Borrower othenvise agree in writing, uny upplication of proceeds tu princip�l shull not extend or
<br /> .,..�vi�.:.::��,�..�
<br />- x.��:..-0;_�,,,�_, postpone thc due date of the monthly puyments referred to in puragraphs 1 ond 2 or change the amount of such payments.
<br /> �",:'�'����• 11.Borrower Not Releascd; Farbexrance By I.ender Not w WAiver.Sxtension of the time for paymenl or madification
<br />�"�' .�•` of amortizntion af the sums secured by this Secu�ity Instrument granted by l.ender to any successor in interest of Borrower shall
<br /> --— �''�"'`�. �s" � not operate to release the liability of the originai Borrower or Bnnower's succe.csors in interest. Lender shall nnt be required to
<br /> � ' �b,..r.:x
<br /> _� ,..,�;��"' •� commence proceeciings ngainst any successor in interest or refuse to extend time for payment or athenvise modify nmonizntion
<br /> _, f�_��.�`?�,a. af the sums secured by this Securlty Inslrument by reaaon of any demund mude by the originul Bormwer ar Bormwer's
<br /> �,.,�:: . successo� in interest. Any forbearance by I.ender in exercising any right or remody slu►II nd be a waiver of or preclude the
<br /> ___ _____ exercisc of any right or remedy.
<br /> — .'r'.r�`"� � '° 12. Successots and Assigns Bound; Joint and Several LfabiUty:Co-signers. The covenunts and agreements of this
<br /> .ti.,e�.,�;��.;';''"' .
<br /> __— ��_.�_. < ' Security Inslrument shall bind And benefit the successors und ussign+of Leruler and Borrower, subject to the provisions of
<br /> �,�f 9...� .� ,��:.L,.
<br /> paragaiph 17. Borrower's covenants and agreements tihAll be jaint and severul. Any Borrower who co-signs this Security
<br /> � � Instrument but dcies not execute the Note: (a) is co-signing thiti Security Inurument only to mortguge, grunt und convey tBat
<br /> -- � .;,,.�;...'..4:'
<br />"--�� '� �.. ' Bonawer's intercst in the Propeny undcr the terms of this Security Instrument;Ih) is not penonally obligated to pay the sums
<br /> ``� . ,;� . _ �:�. xecured by this Security Insln�ment;and�c)ngrees that I.ender und uny other Borrower muy Agree ta cxtend, modify,forbeur or
<br /> ^t• � make any accommcxiutions with regard to the terms of this S�.�curity Instniment or�he Note without thnt&�rrawer's cansent.
<br /> : _��'�� � �' 13.Loan ChAr�es.If the lonn secured by this Sccurity Instrumcnt is wbject to u law which sets mvximum loan charges, _
<br />�;_� ' ' ° .: '`'�"`" nnd that law is 6nully interpreted so th��the interest ar other laun charges cullectcd ar to be collected in counection with the
<br /> .t;_.., �
<br /> �-� ' loan eaceed the permitted limits,then: (a)any auch loun rhurgc shull be rcJuced by thc umaunt necessary to reduce the chargc
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<br /> y�:�--.,:��:, w the permitted lioilt: and (b}auy �wu,ulready cullecteJ fium Buuuwr� wi�icli c�.c«:J��I E►e:�wiU�d limil+wiU t�e rel'und�xi�u
<br />��,� ,`��� .='�s�..i., ;�; &�rrower. Lender muy choose to ms►ke this refund by reducing the principul oweJ under the Note or hy muking u direct
<br /> _, ����a+x°°^-� ^�•`'• payment to Bnrrower. If n ref'und recluce� principsd, �he reJucli�m will Me treuted as u paniel prepuyment withnut any _
<br /> - -�`" ""'�¢• prepayment charge under thc Notc.
<br /> i -�, .::f l4.Nodces. Any noticc to Borrower provided for in thiti Security InruUmcnt�hull bc givcn by Jelivering it o�by mailing
<br /> -- :;,�y ��,', it by first class muil unless npplicuble luw rcyuires u�e��f unothcr mcthoci.The noiire shall be Jirected to the Propeny Address
<br /> `s �';.� . . � or uny other address Borrowcr designates by notire to Lcndcr. Any nutirc to Landcr shull bc given by tirst class muil to -
<br /> ��- ,�. • .•, ' � Lender's address.lated hercin or uny other;�Idrrss I.cixlcr dctiignatcs by nutice to Burruwcr. Any noticc pmvidcd for in this
<br /> � �. ` Security Instrument shall bc:deemed�n have Ix�en given to Borrower or Lc;nder when giv�n u,pnwiJeJ in this parugraph.
<br />.-- � � .x�� .. I5.Governing I.aw; Sevembllity. This Serurity Ins�rument shull bc govem�Yl hy fcdcrul law und the luw of the
<br />:w� �`�: - jurihdiction in which the Propeny i,I�xuted. In the cvent thot uny pnrvision ar rluuac ot'this S�:curily Instrument or the Note
<br /> �`�. .. .
<br /> "' r ' conflicts with upplicable law, surh ron0ict sh•rll not•rl'fcct ei�her provision.of thi,Sccurity Instrument ur�he Note whirh ran be
<br />___ � , given effect without the cnntlicting pmvision, Ta Ihi�end �hr pruvi�ions oF thi�5ecurity Instrument mid the Note ure decls��t�i
<br /> �-�l; - to be xeverablc.
<br />� �: 16.Borrower's Cupy.Borrowrr+hull be�ivcn unu runti►rnuKl ropy �if U�c Notc unJ al'thi�Securiq•Ins�rumcnt.
<br /> �! . Fam 3028 8180 -
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