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<br /> a ments n�a nn lungcr�c requirc�l. .�t tlic uptiun of Lcndcr, if murtgagc insurance covcngc(��y�(�ntuin�i'�Hor�rcrwcr I nll p.� ���
<br /> �. ---� In t I.cndcr c��uiresl prov�dcd hy;+n insurcr appr��vcd Ly i..�ndcr again h..conics�vailsblc c.szd�. �:_
<br /> thc prcmiwnti rcquircd tu mainh►in nte�rtgnge insurnnre in c(Icct,ur tn providc u lutiti res�rve. until thc requircment for martgage � :
<br />'.:-;..i.�,.�-�j insurancc cnds in accor J.uuc with nn y wriucn ugrcement hctwccn porr�»ver and Lc�tdcr ur npplicablc la�v. --
<br /> 9. InsEx�cUon.I.cndcr or its ngen►mnY makc rcasonublc ciurics upon and inspcctions uf thc Property. I.cn dcr s hu l l givc
<br /> 13urr��wcr noticc nt thc timc of ur priu�•w an in+{x�ctiun spccifyin�, rc;i,�»>i►hlc c.�u�c fnr thc intipcctinn. �;_
<br /> ,��Y. • ��' 1(f. Condcmnatlon. Thc procceds of any uwurd or cluim fnr damagcs, dircct or conscqucntiul, in conncctton with any —
<br /> _..-�,,.�,. ,�e
<br /> e��ndannati�m or other tuking of nny part uf thc Proper�y. or for r�mvcy+incc in lieu of rnndenu•iation,urc hereby assigne�i an
<br /> shall bc paid tu l.cndcr.
<br /> �'" ��� In the cvent�f n totul tnking nf the Prc�peny.tt►e procecds shall be upplied ta the sums secured by this Security Instrumerd, —
<br /> ��''' '� �vhcther or not thc��du.:, with uny cxccss }�aid to Borrowcr. In thc cvcnt of u partial taking of thc Praperty in which thc fair
<br /> . F� murkct vnlue r�f thc Propcny immal�utely bcforc thc taking is cy�+nl to or greuter enan thc amount of the sums sccured by this !
<br /> �'', '�± Sccurity [n�trument immcdiutcly beforc the tnking,unlcss Borrower and Lender othenvisc agree in writing,thc sums secuicd by
<br /> � •:
<br />°";=`';'`�d� this Security Instnsmcnt shall be rcduced by the amuunt of thc procee�s ntultiplicd by the follawing fraction: (u) the tota
<br />���-''�s'�- amount of thc sums securcd immcdiatcly before thc taking, divided by (bl the fuir market value of the Property immediately
<br />:�''�''� before the taking. Any balnnce shall be paid to Borrower. In thc event of a partinl tuking of the Property in which the ftir
<br /> =� markct valuc af the Property immediately beforc the taking is Iess than the amount of the s�ims secured immediately defore the
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<br /> °=�:f� . taking, unless Bonowcr mid l.endcr othcrwisc agre�:in writing or unless Applicable luw othcrwise provides, the proceeds shal
<br /> ;'"�'�' be applied to the sums secured by this Security Instrument whether or nut tlie sums are then due. --
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<br /> --r;;.,.:,,� if the Property is abandoned by B�rrower, or if,nfter notice by Lender to Borrower that[he condemnor offers to make an
<br /> .-'ac�<_��
<br /> award ar settic a claim for damages. Borro�ver fails to respond to Lender within 30 days after the dute the notice is given.
<br /> ��„�_. L.ender is authorized to collect and apply the proceeds,at its option,either ro restoraeion or repair of the Property ur to the sums
<br />-.:��,�� secured by this Security Instrument, whFther or not then due.
<br /> Unless l.ender nnd Borrower atherwise agree in writing, any applicac�on of prcceecis to principal shaU not extend or
<br />-- - �� postpone the due date of the monthly pnyments referred w in paragraphs 1 and 2 or change the amount of such payments.
<br /> ��^�--� 11.�orrotiver Noi Rele�ed;F'orl�earance By Lender Not u Waiver.Extension of thc time for payment or modification �
<br /> �--- = of amortization of the sums secured by this Security Instrument granted by Lender to nny successor in interest of Borrower shail
<br /> –' _'= not opersite to release the liability of the original Borrower or Borrower's successors io�interest. Lender shall not be required to
<br /> __ commence procecdings against uny successor in interest or refuse to extend tirne for payment or otherwise modify amorizution
<br /> -- of the sums secured by this Security Instrument by reasan ur a��y de���a����wd� b;•�° "iioin�l Bonower or Bonuwer's
<br /> � successors in interest. Any forbeacance by Lender in exercising any ri�ht or remedy shall not be a waiver of or preclude th;
<br /> -� exercise of any rit3ht or remedy.
<br /> """=_� 12. Successors and Assrgns Bound;Joint and Several Liabiitty;Casigners.The covenants and agreements of this
<br />-,ii1� Securety Instrument shall bind and benetit the successors and a�signs of Lender and Borrower, subject to the provisions of
<br /> _� paragraph 17. Borrower's covenants and agreements shall be joint und severul. Any Boaower who co-signs this Security
<br /> Instrument but does nat execute the Note: (a) is ca-signing this Security Ins►n►ment only to mortga�e. gr.v►t and canvey that
<br /> Bonower's interest in the Property undcr the temis of this Security Instrument;(b)is not persorially obli�ated to pay che sums
<br /> secured by ehis Security instrument; and(c)agrees that Lender and any other Borrower may agree to extend,moclify,forbear or
<br /> make any accommodations with regard to sne terms of this S�curity Insteument or the Note without that Borrower's consent.
<br /> 13. Loan C6arges. If the loan secured by this Security Instniment is subject[o a Inw which sets maximum loan charges,
<br /> and that law is f nally interpreted so that the interest or other loan charges call�cted or to be collected in connection with the
<br /> toan exceed the pemtitted limits,dien: (a)tu►y such loan chnrge shall be reduced by the amount necessary to reduce the chazge
<br /> to the pernutted limit; and(b) any sums already collected from Bonower which excecded perntitted limits will be refunded to
<br /> _,;;;.,,,,��� $mrrowet. Lender may choose to make this refund by reducing the principal owed unde� the Note or by making u direct
<br /> - --- paymcsnt to Banower. If n Tefund reduces principal, the reduction will ix treated as a purtial prepaymen2 without any
<br /> = prepayment chTr�e under the Note.
<br /> 14.Notices.Any notice ¢o Bonotiver provided for in this Secuiity Instrumcnt shall be given by cl�livering it ar by mailing
<br /> it by first class mnil unless applicable law requirea use of anudier method.The notice shall be directed to the Property Address
<br /> or any other address Borrower desi�nates by notice to Lendei•. Any notice to Lender shnll be given by flrst rlass mail to
<br /> Lender's address staced hercin or any other addres5 I.endcr desi�nates by rtotice to Borcower. Any notice provided for in this _
<br /> -- Se:.urity Instru�ent shall be deemed to have been given to Borrower ur I.ender when�iven as provided in tliis puragraph.
<br /> 15. Govcrrring Lnw; Severubtlity. 'Phis Security Instniment shnll bc �ovcrned by federal law and the law of th�
<br /> _ ____= jurisdiction in which the Pro�erty is located. In the event that any provision ar clause of this Security Instrument or the Note
<br />;�'�f;,� contiicts with applicable law, such conflict shall not affect other provisians of this Security Instrnment or the NotG which can be
<br /> '"_�''_ _ given effect without the conflicting ptovision. To this enc�the provisians of this Security instrument and the Note are declared
<br /> � �-�� to be sevcrnble.
<br /> -�-�^��``�' 16.Boir�+ovrr's Copy.Borrower shall be given one conformed capy of the Note and of this Security[nstrument.
<br /> -_-�-.;�;�s
<br /> Form 3028 9190
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