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<br /> ."'' payments may no langcr be ra�uirod,at the option of L.cnder,iT�rtga�e incuronco cavcraQe(in the anwunt and for tho period -
<br /> that I.ender requirea)prmidud by an insurer approvod by Lender again became�avxilable and is obwinod. Bo�mwer ohell pay
<br /> thc premiutns roquired to mniniwin mortgAge insurenco in effect,or to provfdo A IoRS recerve.undl the roquin�neiu for mort�e
<br /> inruron�enda in accordnnce with any written agreement between Borrower w�d lxnder ar applicabie law. �
<br /> 9.InRpectlon.Lender or its agent rrwy make masonable cntries upcm and inspoctions of thc PropeRy.Lerder thall�ive F
<br /> ° Borrawer notice at the time nf or prior ta an inapection cpacifying reasonable cause For the inspection.
<br /> 10. CondemnAUon.The praceals of any awurd or cla�m fo�damagea. dircci or consequentfal, In connExtion with any '
<br /> � '`'- condemnatian or ather takinQ of eny part of the Property,or for u►nvayance in lieu of condemnAtian,are hereby aswiQned ond
<br /> • stwll be paid to Lender. �
<br /> In thc event of e t�tal wking of tl�e Property,thc praceeds shall be Applied to the suma secureil by this Security Instrument, ,
<br /> ,��`�� � whether or not then due,with eny excess paid to Barmwer. In the event nf u pArtial tuking of'the Praperty in which the fait
<br /> -,,�r.,����°'- '° market value af Ihe Property immedialely before the taking is equal to or grcatcr than the amount of the cuma sxured by this
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<br /> —��_,�,;�^;;.;s�. Security Instrument immediately befare the talcing,unless Barrower und Lende�otherwise agree in writing.the surtus serured by
<br /> � w �' this Securlty Insirument �hall he reduced by the amount of the procexds mulliplied by tha follawing fraction: t�) �he 1ota1
<br /> ��::7!9�-�• nmaunt of tho sums secured immaiiutely befare the taking.divided by (b)the fuir market value of the Propeny im�n�iately
<br /> �� "�""'r" before the taking. Any bulance shall be paid to Borrower. In the event af a partial taking af the Praperty in which the fair
<br /> '�'°�"°""�'�`��"`�`,� ��•�'� market value of the Propeny immediutely before thc taking is less thnn the umount of tha sums secured immedintely beforc the
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<br /> �' ,. �, � . ti ' taking,unless Bonower and I.ender otherwise agree in writing or unless upplicable law atherwise provides.the pra�l�
<br /> -��' '�' "`�"`" be app8ed ro the sums secured by this Securiry Instniment whethcr or not thc sums un:then due.
<br /> �L�' " '� � ,:t',� If'the Property is abandoned by BoROwer, or if,aRer nodce by l.ender ta Borrower that the condemnar offers to meke an
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<br /> - _ — — , - .;;:,-;.;i aword or setlle a claim fur Jwnages, [brrowcr fnils to respand to L.cndcr within 30 dnys afcer the date the ruKice is given,
<br /> � L.ender is uuth�nxed to collect and upply the proceecls,ut its option,Bither to restoration ar repair of the Property or to the sums
<br /> �'' ' ` secured by this Securiry Instrument,whe�her or not then due.
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<br /> M ,.� � � ",_,.,�, Unless l.ender and Borrower otherwise agree in wnting, uny applicution of procecxis w priucipul shatl not extend or -
<br /> , ' •• " ,�' "�``. postpone the due dute of the monthly pnyments referred to in pnragraphs 1 und 2 or change the sunount of such payments.
<br /> � � 11. Borrower Not Rele�setl:Forbearance By Lender Not a Walver. Extension of the time for puyment or modiFcation
<br /> . � �"� of umortiwtion of the sums�ecured by this Securlty Instn�ment grunted by L,ender to any successor in interest of Borrower shall
<br /> • ° . .�,�.: nat operate to releu.5c the lia6iliry of the��riginnl Borrower or Borruwer's successors in interest. Lender shall not be requited to
<br /> „ ,.� �• commence proceedings nguins�uny successor in interest or refuse to extend time for payment or othenvise modify amortizdtion
<br /> , „ �,° . of the sums secured by �his Security Instniment by renson of nny demand mack by thc originul Borrower or Borrawer's
<br /> � ' successors in interest. Any forbeurance by Lender in exercising any right or remedy shall not be a wuiver of ar preclude the
<br /> - �" . excicix of auy rigbi or rem�:dy.
<br /> 1Z. Suceessars and A.ssl�ns Bound;Jolnt And Several Liabillty; Casigners. The covenants and agreements or"this
<br /> :' ' ' Security Instrument shall bind aixi benefit the successors ;u�d u+signs of I,ender und Borrower, subject to the provisions of
<br /> • paragraph 17. Borrower's covenunts and agreements shnll be joint und severul. Any Borrower who co-signs this Security
<br /> ' �"� . Instrument but does nc�t execwe the Note: (u)is co-sisning this Security Instrument only to mortgage, grant and convey that
<br /> �. ° B�xn�wcr's interest in thc Property under Il�e Icrms of this Security Inwtrument;(h)is not penonally obligated to pay the suma
<br /> ° �ecurc.d by this Seruriry Inst rument;uml(c)agrces that Lender und any other Borrower may ugree to extend.modify,farbear or
<br /> • - � •� ' �` " makr auy uuumm�xlu�iunx wiih regarJ to thc tcrnn cif this Security Instrument or the Note wlthout that Borrower's c�nsent.
<br /> ' ,1.. 13. I.oAn Chargev.If �Ix I��an +ecured by �his Security Instrument is cubject to a law which sets muximum loan charges,
<br /> �, � ' " And thiH luw i+ finully interpreteJ su thAt tlx intcrest or other I�►un churges collected ur to be collected in connection with the
<br /> "• , loan cxcceJ the permittcJ li mi�s,then: �u)uny tiuch loun ehurge shall be recluced by the umount necessary to reduce the eharge
<br /> �„ � � to ihc permitteJ limit: unJ <hl uny sumx ulrcuJy r�►Ilerted from Borrowcr which exceedcd permitted limits will be refunded to
<br /> , ,�_. ;+ ,° Borre►wer. Lencler nmy chiiose to muke thiti rcfund by reducing the prineipal ciwed under the Note or by making a diroet
<br /> � ° " puyment to Borrower. If a rcfutxl reJuces princip•rl, �he reduction will be trented us a partiel prepayment without arry
<br /> i " ��,r.�'o. ,�• prepuymcnt rhurge under the Note. �
<br /> �r 14. Natic�. Any no�ic:c to Bormwcr provideJ fi�r in this Security Instrument shall be given by delivering it or by mailing
<br /> ^ � � it by fint clusti mail unlc" applirahle I;�w rcyuire�use of another method. The notice sh�ll be directed to the Prope�ty Addrcsa
<br /> q�' » or any nthcr addre�s Borrc�wer dc�ignates by nrnice to LenJer. Any notice to Lendcr shall hc given by first class nwil to
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<br /> • . LcnJer'.r• addrezs stut�tii hcrcin or any other•rJdress LcnJcr dc.ignalc, by noticc to Borr��wer. Any notice provided for io this
<br /> . •- ' � Security lnstrumcnt shall bc Jcem��l t��liuve hcen givcn w Borrowcr�rr L.endcr when�iven as provided in this paragraph.
<br /> • . , . 15.Goveroing I.aw; tievcr�bflity. Thi+ Security lnstrument shull he governai by federul law and the law of the
<br /> �� , jurisdiction in whirh thc Property is lora���l. I�i thr�vcnt that uny provitiion or clause of this Sei:urity Instrumem or the Note
<br /> , ��i.:_� conllicts wilh applirable law,such rontlirt�hall not affcct uthcr pr�•vi�ium�if�his Serurity Instrument or the Nate which can be
<br /> _ . given effrc�without thr canFlicting provixion.To thi+ rixl ihe provisi��n+of this Secunry Instrument und the Note are doclrr�od
<br /> , - • . . to bc ticverablc.
<br /> � 16. Ibrrower's Copy.&�rrowrr sh•rll be�ivcn��ne runliirmcJ ropy of the Nulc und of this Sc�:urity Instntment.
<br /> Form 30Y6 9l00
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