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<br /> payments�rwy no lon�er 6e required,at�he aption of l.cndcr.if mortgage insurance coverage(in thc nnwunt and for the perlod
<br /> - tFat l.onder rcquires)provided by sm insurer appraved by I.ender epain beromea availuble und i�s obtained. Borr�iwer ahall pay
<br /> --- - tha premlums reyulrcd to maintein mortgege insurunce in effect.OI'IO PiOVWe A IOSS i'CSCNC,antil the rcquircment for mort�aQe
<br /> -_ — insurancx ends in accorduncc wi�h any�+vtitten ograment betwcen Borrawer und I.ender or upplicnble law.
<br /> - _ _=_.-- - - - 9.iurpecifu��.Ix�xlee ur its u�eut muy make rwe�,iu�blc unti•ics upon :u�f i�upcc:tions of thc Praperty. Lender sha!! �ive
<br /> : ;, Horrower notise at the t�me of or prior to an inspection specifying reasonable cause for the inspection.
<br /> ___ �O,Condeintuidon. The proceeds of any award or clalm for demages. direct cir consequential, in connocdon with any
<br /> _;;; condemnation or ather teking of any part of the Property.or for ccmvcyance in lieu of condemnatiun. are hereby assignod ar►d
<br /> .� qfwll bc paid to Lcndcr. � ,
<br /> [n the event of a total taking of the Property.�he pracads shall be npplied ta the sums secured by this Secu�iry Uuctrument.
<br /> �� whether or not then due, with any eacess puid to Borrower. In the event of u panial taking of the Property in which the feir
<br /> market valuc of the Property inur�ediately before ihe leking is equal to or greater than the amount of the sums secured by this
<br /> Secudty lnstrument immediately before the talcing,uNess liorrower and Lender otherw�se agree�n wntmg, [ne sums securea by
<br /> -�._� this Securlty Instrument ahall be reduced by the amount of the proce�ds multiplied by the fallawing fraction: (a) the tatal
<br /> --- -- —"� amount af tha sums secured immediately before the taking, divided by (b) the fa�r msukct value of tha Property immecliately - -
<br /> before the taking. Any balance shall be pAid to Borrower. In the event of a purtiul tnking of the Property in which the feir
<br /> - —— market value of the Propeny immedietely befare the teking is less the��the amamt of the sums secured immediately before the
<br /> — taking. unle�s Horrowcr and[.ender otherwisc agree in writing or unless applicable law otherwise provides. the proceeds aiwll -
<br /> a��,���;��� be applied lo the sumx secured by this Security Instrument whether or not the sum.s are then due.
<br /> If the Pmperty.is abandaned by Borr�wer,or if.after notice by[.ender to Borrawer that the condemnar affens to make an
<br /> *�� award or setda a cluim far damages, Borrower fails to respond to I.ender within 30 days after thc date the notice is given,
<br /> .,- -- rt{!;. ____
<br /> ' .� Letxler is authodz.ed lo collect and apply the proceecls.at its option. cither to restoration or repair of the Property or to the sums
<br /> �'F.,,, �����• secured by this Secudty Inatrument.whether or not then due.
<br /> •�E;'����:�
<br /> - °, Unless Lender and Horrawer otherwise agree in wrlting, uny upplicutian of praceeds to principal shall not extend or
<br /> '`-V •�''�'�'� "`��'"' poatpone the due date of the monthly payments referred ta in parugraphs 1 and 2 or chstnge thc umount of auch payments.
<br /> �'�'"�a +:�+°,•;`�;, 11.Borrower Not Released;Forbearance B I,ender Not a Walver. Extension of the time for u ment or maiitication
<br />-" ';��5�,.„ Y P Y
<br /> y;,: . �_� � ' �A of um�rtizalian of the sumx secured by thia Security Instrument grantcd by Lender to any successor in interest of Borcower siwll
<br /> �' '�+s�� not operate to releuse the liability of the ariginal Borrower ar BoROwer's successors in interect. lsnder shell not be requiredto
<br /> �� '`�"` " commence proceedings against any successor in interest or refuse to extend time for puyment or otherwise madify amartization
<br /> . ��.
<br /> "' "`'' uf the sums secured by this Security Instrument by reason of any demand madc by thc ariginAl Borrowcr or Borrower's ---
<br /> '�`:�•�` successo�s in interest. Any forbearance by L.ender in exercising any right or remedy sholl not be a waiver of or preclude�he
<br /> ss a�.+;�� exercise of any right or remedy.
<br /> ' �� " �����"�'���-�' 1]. Successors and Mslgns Bound; Jnlnt and Several I.iability;Co-signers. The covenants end agreementa of this
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<br /> . ;.. ,•� , Security Instrument shall bind and bene�t the successors und assigns of L.ender und &xruwer, subject to the provisiuns of _
<br /> parngraph 17. BoROwer's covenanGC �nd agreements shall be joint And severul. Any F3orrower who co-signs this Security
<br /> �p�, " ,, ° Y Instrument but dces nat execute the Note: (u)is ca-signing this Security Instrument anly to mortgage, grunt und convey that
<br /> •i�, � .- Borrower's interest in the Property under the tcrms of tl�i�Security Intitrument;(h)is not personully obligated to pay the sums
<br /> - �•J � .��»{��. securcxl by�his Securi�y Instrument;und(c)ugrces�hat I.cnJer u�xl uny oQkr&►rruwer may agree to extend, modify, forbeAr or
<br /> `���� • ';�' : .:: .�••. makc uny accommodatians with regArd to the terms of�his Sc:curiry Instrument or thc Note wi�hout that Bonower's consent.
<br /> � •s ;; :.;-;�= '�•. 13.Loqn Clwrges.If thc loan secureci by this Security Instrument is subjcct to�law which sets muximum loan churges,
<br /> •'� - w•°�"�+""� and that Iaw is finally interpreted s�i that the interest or other loan charges collcrted or to he c�llected in connection with the
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<br /> c 9,�. ° �""" loan exceeci the permittcd limits, thcn: (u)�ny such I��un rhs�rge shull be r��iuccd by thc umaunt necessury to rcduce the churge
<br /> �� �',�,�,e,e�..,;�,:: lu llie Eximiltctil limi�: uuJ Ibl uoy ,wu,ulrcuJy WII�IC�I �IUIII BUI'fUKCP WI111I1�a���c.�elcrt permiltc�l limits wi{I bc refundcd to �-
<br /> � ,;. ,_„�-�',• Borrower. L.ender may chaise to makc this refund by reducing the principul uw��l under the Note or by making a dircct ��
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<br /> �: - -�;�; .A • payment to Borrower. If u refund reciuces principul, the reduction will be tmuted a� o purtial prepayment without any _
<br /> s!" '^"-� ei prepayment churge under 1he Note.
<br /> � "' „ ••'=r " 14.Notices.Any noticc to Borrower provided fi�r in�his Security Ins�run�en�+hull he given by dclivering it or by muiling
<br /> �!!°� ` „s ..N,�p,;;a it by first class mail unless applir�ble law reyuires use of unother mcthod.The noticc shall bc directed tu thc Propeny Address
<br /> . �,' �.:•
<br /> .. ° or uny olher Address Borrowcr dcsignates by nixirc t�� Lendcr. Any n�tire to LsnJcr .hull lx given by first cla.�s muil to
<br />•'"�, '"�t�� " .. " Lender's uddress tituted herein or uny other adJress L.cnder dc.igni�tc�by neiticc tu Bunowcr. Any noticc pmvidcd for in this
<br />• , �� ' �� " k Sccurity Instrurnent shull bc dcemed to have heen given to Borrowcr or L.c:nder when�iven as provideJ in this paragraph.
<br /> ` .;d"°!`��+�;'` 15.Governing l.aw; 5ever�bllity. This Sccurity Instrumcnt �hull he govemeJ By Icderal law and thc law of�he
<br /> � �'` �' „ jurisdiction in which�he Property is Ic�catcd. In thc�vcnt thut any provi,i�►n��r rlou.c ut'this Sccurity Instrument or the Note
<br /> �, ;��'f�� conflicts with applicuble luw,such contlict shall not uffcct other provi�iur►m ut'thi.Security Instrument or the Note which can be >
<br /> ° ; . � � . ., given effect without the conflicting provision.To this end�hc provi,ionz of lhiti Security In��rument and the Note are decltued � `
<br /> . � •� . to be severable.
<br /> 16.Borrower's Copy.Borrawer shull be given one cuntarnu�!rnpy al'thc Nrne anJ c�f this Security Instrument. �`�
<br /> �� .� Fam 3028 9190 �
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