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<br /> ,..,�;��-.;,,�.,r��;;;' i payments may no tong�r be cequirad.at thc aption of l.ender.if mortgage insurancc coveragc l in thc amount and[ur ttic pCrii�d , 1 .
<br /> z�;�• ,
<br /> 3� f � �'� �.' that Lender requires)provided by art insurer approved by Leader again becomes availablc and is obtnined. Born�wrr�hall {►�y ,�t , •
<br /> ,,;r:?�ti� .•� f the premiums reyuired to main�ain mortgage insw�ance in effect.or to provide a loss reser�c,until thc reyui�emcnt fur mun�;ugc �•.:� �. �
<br /> � jf ' :i ..: ina,ra.,c4�ds in acoordance with any writtea agreement between Borrower und L.ender or applirable law. • " ��;�.� :..
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<br /> �"' �'F , �:�`: 9.InspectIoa.Lender ar its agent may make reasonabte entrics upon and inspectiorn of the Property. Lcmlcr�halt�i��e � ` � '� .
<br /> ` �5` `� �y� Borrower nodce at the time of or prior to aa inspection specifyin�r�unnable cause fur the inspection. � . t ' • �
<br />:_:.�.�a•:;:::;� r:�� r '
<br /> �;;'�?t':;��• 10.Conde�nation.The proceeds of any award or daim fot damages, direct or cansequential, in cnnnerifun �vith any_ 1 '�. • �
<br /> i���3 ��_•__ wndemnation or other taking of any Ptirt of the Property.ar for conveyance in licu of mndcrtu�ation, arc hereby us.igncJ a�ui� , r. �._�-
<br /> °�-`�f�� `ri r . ;; shall be paid to l.ender.
<br /> `�� ,����r In thc event of a total taking of the Aroperty.the proceeds shall be applied to the sums+ecorod by thi+Sccurity tnstrumc� ��
<br /> '`_:,:�..� _ ��;�-;��� w h e t her or not t hen due,wi t h aay excess pai d to Homo w e r. I n t h c e v e n t o f a p a r t i a l t a l c i n g n f t h c P m p e rt y in which�hc fai .. �
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<br /> `�;,;��:`�. : .n,wn�` `.
<br /> ,.r�-. mazkei value of dee Property icamediately before[he taking is equai to or greater than thc amount of the sams sccurcA by Ih . ,,:,., .�
<br /> ~""���'''•� '�� "'�r' Security Instmment emmediatety 6efore the taking,unless Borrower and Lender otherwise t�ree in wciting,the�ums securcc!hy �����`,''.-
<br /> �`'-��'' ������ this Security Ingtrument shall 6e reduced by the amaunt of the proceeds multipiied by the foftowing fructfon: (a) thc tatul L T
<br /> o L {�,t. `""°..�
<br /> � - �i4� aznount of the sums secured immediately before the taking, divided by (b)the fair market value of the Froperty imtttnliatcly --s`'--
<br /> ,,�, ��,
<br /> ;.� � .���- before the taking. Any 6alance shall be paid to Borrower. In the event of a psurtial taking af the Propesty in which t0c f:�ir , �
<br /> �: ``'4Y��'��: market value of the Propecty immediatel before the takinR is less than the arnount of the sums securcd immediatety before thc
<br /> '�:��;A,._ •: Y a . _ --_
<br /> � `'' T�``'�' ��' �`��%''` taking,unless Borrower and Lender otherwise agree in writing or unless applirabte law otherwise provides,thc prucccds tihall ..
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<br /> ' ,'' � '1,,�}:: be applied to the sums secvred by this Security Instrument whether or not the sums are then due. • -
<br />, . ., ..h;ify� If the Property is abaadoned by Borrower.ar if,after notice by Lender to Bormwer that the coudemnor offers tn make an ,
<br /> � ;;,4)< award or settle a claim for damages. Borrower fails ta respond to l..endet within 30 days after the date the nutice ir bivcn. ; * -� -
<br /> '.; :.f^E:..��' Lender is suthorized to collect and apply the proceeds,at its opUOn.either to restoration or repair af the I'raperty or to the tiun� —
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<br /> , y .:T ,:,:;:: SeCUie�t1y t$ls S2Ctllity InctrnmPnt.wheWer or not then due. . , �-�.
<br /> '' J � ,; Uakss Lender and Borrawer otherwise agree in writing, any application of praceeds to principal shall nnt eatend or � �_
<br /> s 'f'� �=--
<br /> :�,f. postpone the due date of the monthly payments refemed to in paeagaph�1 and 2 or change the runount of such payments.
<br /> ` ' � ' �;'�=`" 11.Sorrower Not Re�eased;Forbearanze By Leader Not a Waiver.Extension of the time far payment or modificatian . , r `��`
<br /> ` � �"M�'�` of amnrti7ation of the swus secured by t6is Security instrument granted by Lender to any saccessor in interest of Bnrrower s6a11 '•- r.,� ;�.
<br /> :�' ' . ' '` not operate to release the liability of the original Borrawer or Borrower's successors in interest.i.ender shatl not be requi�l to �5�;
<br />::��:,::::::
<br /> ., ,. .:,.,. .;.. ; -.;,:; commence proceedings against any successor in interest or refuse to extend time for payment or othecwise madify nmortiz,ztion = _____
<br /> '?� :� ,z of the sumc secvreA by this Security Instrument by reason of any demand made by the odgina! Borrower ar Botmwer's �� -_ .
<br /> -`" , :. `''� �•'•�3`:=:: successors in inrarest. Any forbearance by Lender in exercising any right or rtmedy shall not be a waiver of or prectade the .��:�. ,
<br /> y•'i :` exercise of any right or remedy. � ,��,
<br /> - � � • " 12. Successass aad Asslgns Bound;Joint and Severa)l.iabllity; Co-signers. The covenants and agreemen�s of this -'�.. ��„
<br /> • � . Security Insuument shall bind and benefit the saccessors and assigns of l.ender and Barrower, subject to the provisions of ' ��`�
<br /> . :'�:'�. .• paragraph 17. Eorrower's wvenants and agreements shall be joint and several. Any Bormwer who co-signs this Seeutity • , "-.
<br /> • ':,°t:��� Instrument but does not execute the Note: (a) is co-signing this Security Instmment only ta mortgage. grant and convey that '--
<br />- ' ' � ?'''`�� Borrower's interest in the Properry under the terms of this Security Insirument:(b)is not personalty obligated to pay the sums ' • =�' -
<br /> •. . secured by Uus Security Instrumenr,and(c)agrees that I.ender and any other Borrower may agree to extend.madify,forbear or ' `,��
<br /> � . . • make any accommodations with regard to the terms of this Security Instrum,.nt or the Note without that Bormwer's wnsent. . •� ,���.
<br /> ';• -..�f: :.
<br /> • ��•�'��- 13.Loan Charges.If the loan secured hy this Security Instrument is subject to a law which seu maximum loan charges. :.��:,�=�,
<br /> _� . and that law is finally interpreted so that the interest or other loan charges collected or to be wllected in wnnection with the � '�,: _
<br /> - ' � loan exceed the permitted limits,then:(a)any such loan cha�ge shall be reduced by the amount necessary to reduce the charge ��:'*'="-�-� `
<br /> - � ta the permitted limit: and(b)any sums already wUected Gom Borrawer which exceeded permitted limits wi11 be refunded to " —..
<br /> - • ' ' Borrower. Lender may chaose to make this refund by redacing the principal owed under the Note or by makin� a direct •. '.�
<br /> ,v'. � � payment to Borrower. tf a refund rednces principal, thc redaction will be treated as a panial prepayment without uny . . .1.•�',,
<br />- . � prepayment ctiarge under the Note. .; • '• :��-'---__
<br /> - � � � 14.Noflces.Any notice to Borrower provided for in this 5ecurity Instrument shaU be given by delivedng it ur by mailing +-�' �`'�=. - � -
<br />, :� ,,�•� it by first class mail ontess applicable law requires use of another methnd. The notice sAall be directed to the f�roperty Address
<br /> . r or any ather address Borrower desibmate� by noticc tv Lendcr. Any noticc to Lender shall be given by Grst c►ass mail to
<br /> , , . � � C,ender's address stated herein or any other address l.ender designates by notice to B�rrower. Any ndicc provided for in this ,
<br /> � Securiry Instrument shall be deemcd t�have been givcn to Bonaver�r Lcrtdcr when givcn us provideA in this paragraph.
<br /> . ,, � ; 15.Governing Law; Severability. This 5ecurity lnstrument sh�ll be govemed by federal law und the law �,f the , .
<br /> , . . jurisdiction in which the Property is located. in the event that any provision nr clause of this Secwity Instrument or the Note . ' ,
<br /> , . - wnflicts with applicable law,such conflict shall not affeet other provisions of this 5ecurity Instrument or the iVote which can be . . • _ •
<br />� �• � • given effect without the wnflic[ir.g provision. To this end the provisions uf this Securiry instrument and the Note:ue declared , •. '
<br /> ' � � � to be sevcrable. �
<br /> � �• 16.Borrower's Copy.Borrower shall be given one wnformect copy ai the Note and of this Security Instrument. ' : . '
<br /> �� , Form 3028 9190 � '
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