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<br /> �_i�� payments may na langer 6e requirad,at thc option of L.cnder,if mortgage insurance coverage(in Ihe amaunt and for the period �'
<br /> that I.ender requires)prnvided by un insurer approvai by Lender again becomes available and is obtained. Borrowcr shall pay
<br /> the premiumi roquirad to maintain mort�pge insuranca in effect,or to provide a loss reservc, until the rc�ui�+ement ior morty�e .
<br /> ---
<br /> - - _ ' �cc cstida in�ccordas�ce�:Ith any written r.grcement 6enreer.Sorrot��er nnd Lender or uppllesble In•.■.�, �
<br /> ___�..��_,___ ..__ _ ,�
<br /> _ _ 9. Inspectlon.Lecder or ils agent may nwlce reasonabla enMes upon and inapections of the Property. Leoder 1�ve
<br /> Homower notice pt tlie time of or prior to en inspection speclfyln�reasonable causc for the fnspection.
<br /> � 10. Condemnation.The proceeds of ony award or claim for damages,direct or consequential, in connection with any �
<br /> - -- ---- condemnatlon or otlier wicln�of any pnrt of the Property,or for conveyance in lieu of condemnation, �re hereby sssignesl aad -
<br /> -_- - _ — slwll bc paid to Lenckr.
<br /> ;'� ln the event of a totwl taking of the Property,tho proceeds shall be npplied to the auma secured by this Security Instrument.
<br /> whether or not then due,with any excess paid to Burrower. In the event of a partial �eking of the Property in which the falr
<br /> =_ _-_ __ ___ market value of the Property immediately before the taking is equal ta ur greater thw�the amount of the sums uecured by this
<br /> Sacuriry lnstnunent immediately before the taking. unless Borrower and l.ender otherwise agree in wdting, the sums secueed by
<br /> _ �-- _,��� -_ - - this Security Instrument sh�ll 6e reduce� by the simount of the proce�ds multiplied by the following fraction: (a) the total
<br /> amaunt of the sums secured immediately before the taking. divided by (b) the falr market value of the Property immadiately
<br /> �`� bafore the taking. Any balance shall be paid to Borrower. In the cvent of a partial ta{cing of the Property in which �he fair
<br /> �`�-�"� market value of�he Property immediately before the taking is less than the amount of the aums secured immediately before the
<br />- - taking.unlesa Horrawer aid I.ender otherwise ugree in writing or unless applicuble law otherwise provides.the procceds shall
<br /> --'— bo appNed to the surns secured by this Securiry Instrument whether or not the aums nre then due.
<br /> If the Property.ls abandoned by Borrower.or if,afier notice by Lender to Borrower that the condemnor offers to meke an
<br /> �`��-������ award or settle a claim for damages, Borrawer fails to respond to I.cnder within 3U days after the date the notice is given. �
<br /> - �����!'��+;'���;f`� L.ender is authorized w collect and apply the procceds,at its option,either to restorWbn or repair of the Pn�perty or to the sums
<br /> _` �='°�' secured by thia Securiry Instrument,whether or not then due.
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<br /> __� Unless Lender and Borrower otharwise agree in wdting, any applicadon of praceeds to principal shall not extend or
<br />--->�� :,;.;T ' postpane the due date of the monthly paymenta referred to in parngraphs I and 2 or change the amount of such payments.
<br /> =�'�' ' 11.Borrower Not Released;Forbearance By I.ender Not a Walver. Extension of the time for p�yment or madif cation
<br /> --_��' of amortization of the sums secured by this Secudty Instniment grnnted by I.ender ta any successor in interest of BoROwer shall
<br /> ,���-- °�' not operate to release the liability of the original Borrower or Borrower's successors in interest. I.ender shall not 6e required to
<br /> �yI����-" ' rJ'� commence prnceedingR ageinst any successor in interest or rePose ta extend tin�e for payment or otherwir,e modify amorti�ation _
<br /> :__-�s...a�a.:Y�acu
<br /> =�;� ;�,.,•.-�.., of the sums secured by this Security Instrument by reason of any demend made by the originel Borrower or Borrower's
<br /> �r ' ` successors in interest. Any forbearance by l.ender in eaercising any right or remedy shall not be a walver of or preclude the
<br /> °•�•�- axercise of any right or remedy.
<br /> ��r" 12. Succescors and AsslBns Bound;Joint and Several Liabillty;Co-signers. The covenants and agreements of this
<br /> - �.tir.f��Ai.W�..,. . _
<br />... 1 , : �s,. �
<br /> . :�:p:. 1, p Securiry Instrument shall bind and Uenefit the successors und asxigns of Lender and Borrower, subject to the provlsions of
<br /> �• `°' � pnmgraph 17. Hairower's covenants and ugreemenls shall be joint and scveral. Any Borrower who ca-signs this Security
<br /> `'�'` �� �'''�"' `�� Instrument but dces no[execute the Note: (a) is m-signing this Security Instrument only to mortgage.grant und convey that
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<br /> _ �„T,Y-,,,�.x., Borrower s interest in tha Praperty under the terms of this Sccurity I�strument;(b)is not personally o6ligated so pay the sums �-
<br />= • . _.; �,�, secured by Ihis Securiry Tnstrument nnd(c)agrees thnt I.ender und Any ather Barrowcr may agree to extend,modify,forbear or
<br /> :_ ,. . �,. . make any nccommodations with regnrd to the terms of this Security Instrument or the Nate without thAt Borrower's consent.
<br /> � ,.,�,. � .;, " 13. I.oan Charges.If the loan secured by this Security Instrument is subject to a luw which setx nu►ximum loan charges,
<br /> - �'• "�'~ nnd that Iaw is finally interpreted so thut the interest or other loan charge.s collected or to be collected in connection with the
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<br /> --, �'�:`,': �.__= loan exceed the perrnitted limits, then: (a)any such loan churge shall be rafuced by thc amount ncccssary to rcducc thc churgc _
<br /> �•.r •�+•:�y • to�he permitted limi�;and(b)any sums alreacly collected friim Borrower which excceded permitted lirnils will be refunded to
<br /> ` `�� "` ''���` Borrower. Lender �nay chuose to muke this refund by reducing the principal oweci under the Note ar by muking u direct
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<br /> ' payment to Borrower. If u refund reduces princip�l. thc raiuction will be trcated as a puniul prepayment without uny --
<br /> ." ��.'' �-�'�:. : '�` prepayment charge under the Note.
<br /> .� �'�`•� ' '�� 14.NoNees. Any rnitice to Borrower provided fi�r in thiti Security Ins�runxnt shull be givcn by delivering it ar by mailing
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<br /> �����• • ' '� . it by first class mail unless npplicuble law requires use of unother method.The noticc tihall hc directed to the Property Address '
<br /> �..._...:.... �
<br /> .. ,:,•..,.• �•-- or uny other uddress&�rmwcr Jesignutes by nutice t�i I.enik:r. Any nnticc to Lendcr shull be given by first cluss muil to
<br /> '�`�•`�`'"° '� l.euder's address sts►ted herein or uny other address l.ender designu�es by notice to&xrower. Any nutice provided for in this
<br /> ��i. � .. . �. ���
<br />_ �� •�:�,� Security Instrument �hall bc decmed w have been given to&irrowcr or Lender when given us proviJeJ in this par�gr�ph.
<br /> _ .��� ,ti: . 1S.Governing Law; Severobflity. This Sccurity Instrumem shall be guvernal by fedcr,�l law und the law of the
<br /> • Jurisdiction in which thc Property is Icx:uted, In the cvent that uny provision or claure of�his S�wurity Imtniment or the Note
<br /> � .
<br /> •• conflicts with upplirablc law,such conflirt shall not affect othcr provisions of Ihis Serurity Instrunkm or tlie Note which cun be --
<br /> ' ' given effect without �he conflicting pri►vision. To thi5 end the pr�►visions uf this Sccurity Instrununt and the Note ure declared �``
<br /> .�\., � ' '�y..y�
<br /> ' '`: � � .. ., to be severable.
<br /> 16.Borrower'9 Copy. Bormwer xhull be givcn anc conl'omted copy d'the N�Ne�nJ of this Securi[y Instrument.
<br /> � Form 3028 9190
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