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<br /> puyments nu►y nu longcr bc rcquired,at thc a�tion uf l.cndcr, if'murtgagc inyurunrc c��vcragc iin thc unwunt and for thc period �•_
<br /> " that Lender rcquires)providcd by zm insurer upproved by l.endcr ag+iin hccuonc:+uvnilublc und is obtained. I3orrower shull �ay �
<br /> � the premiums reyuired to maintain mcirtgtigr,insuruo�ee in effect,or to pravide u luss reherve. until the requirement fur martguge _
<br />. • insuruncc cnds in,urordnnce with uny wriucn agrecnunt hctwcen Dorro�vcr and l,�ndcr i�r upplicublc luw. _
<br /> 9. Imspectton. 1-.endcr ur its ngcnt mny make masonuble entrics upon nnd inspertions of the Pn�perty. Lender shall give �
<br />, -�� qurr���vcr n�iticc at the time uf or priar tc�rm inspcction specdying rc��sonablc ruusc fur thc in,�>ec�iun• �"
<br /> ="�'���� lU. Cundenmutton. The proceecls af uny awa�rd or claiim for damages, direct or cnnseyuentiul, in c�mnection wi�h uny
<br />�� condenmation or other takmg of any pan ai the Fri�perry, or fur convcy,�uce in licu nf condemnation, are hereby assigned and
<br /> ' ..� shull bc paid to Lendcr. —
<br /> In the event of a totnl taking of[hc Property,the proceeds shall bc upplied to thc sums sccurcd by this Sccuriry Instrumcnt,
<br /> whethcr ar not then due, wlth any excess paid to 8orrowcr. In thc event of a�paninl tuking of the Property in which thc fair
<br /> • market valuc of the Propetty immediataly before the taking�s equal to or grcatcr thun thc mnount of d�e sums sccurcd by this .�
<br /> .r ,." Sccurity Instrumcnt immediatcly before the t3king, unless Borrower and l.ender otherwise agree in writing,the sums sccured by
<br />,�,,.y�:_�;,.: .
<br /> ,,, this Securi:y Instrument shall bc reduced by the amuunt of the proceeds multiplied by the following frnction: (a) the totu
<br />°�r • �•�' � amaunt uf the sums seeured immediutely before thc taking,divide�by (b) thc fair market value of thc Praperty immediately
<br /> :..it.•.::�:(
<br />_�r • befure the takins. Any balnnce shall be paid to Borrowcr. In the event of a partinl tuking of the Property in which the fair
<br /> _„�:�:� market value uf the Property immediately before thc tuking is less than the amount of the sums secured immedlutely befom the
<br /> ;°^4;�� taking,unless Horrower and i,end�r ntherwitie agree in writing or unless applicable law otherwise pravides, the proceeds shall _
<br />-�'°"'�'�- be applied¢o the sums secured by chis Security Instniment whether or not tha sums are then due.
<br />:;;�:a�;.�� If the Prop�tty is abandaned by Borrower,or if,after notice by Lender to Borrower that the cond�mnor offers to make an
<br />��':::-=''• ' award or settle a claim for damages, Horrower fails to respond to l.ender within 30 days after the date the notice is given,
<br /> _�;.�;.s.:_
<br /> ----= Lender is authorized to c�llect and upply the proceeds,at its option,either to restoration or cepair of the Property or to the sums
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<br />:_w:�R-� secured by this Security[nstrument,whether or not then due.
<br /> -�.-_�� Unless Lender nnd Horrower othenvise agree in writing, any applicntion of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 und 2 ur change the nmaunt of such payments.
<br /> '"��' 11.Borrower Not Relensed;Forbeurnnce IIy I.ender Ieiot a Waiver.Extensian of the time for payment or modificalion -
<br /> �N�� of amortization of the sums secured by this Security Instrumem granted by I.ender to any successor in interest of Bo:rower shall
<br />-_-�='�� not operate to relcase the liability of the original Barrower or Borrower's successors in interest. Lender shall not be rer�uired w
<br /> _-=:=�� ���,pn�p �,mrPedinoc aeainst any successor in interest or refuse to extend time for payment or othenvise modify Amortizauon
<br /> -==�-"� of die sums secur�.d by this Security Instrumsnt by reason of nny demand mude by the original Eonowcr or t3orrower's
<br /> __.�.a--�.� surcessors in interest. Any forbearance by Lender in caercising any right or remedy shall not be a�vaiver oF or preclude the
<br /> —� exercise of any right or remedy. ,
<br /> � � 12. Suceessors und Assigns Bound; Joint und Several Liubi7ity; Co-sisners. The covenants und asreements of this ,
<br /> _--= Securiry Instrument shall bind and benefi[ the successors and assigns of'Lender and Borrower, subject to the provisions of •.
<br /> --- paragrnph 17. Borrower's covenants and agreements shall be joint and severnl. Any Borrower �vho co-signs this Security
<br /> ' Instcument but does not execute the Note: (a) is co-signing this Secuiity Instrument only to mortgage, grant and convey that
<br /> ____� Borrower's interest in the Property under the terms of this Security Instrumenr, (b)is not pct�onully obligated to pay the sw�u -
<br /> � � secured by this Security Instrument:and(c)agrees thut Lender and any other Bonower may agree to extend,modify,forbear or
<br /> — ' m11ce any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> ' and that law is finally interpreled so that the interes!or other loan charges collected or to be collected in connection with the
<br /> loan excec:d the permitted limits, then: (n)any such loan charge shall be reduced by the umount necessary to reduce the charge
<br /> to the permitted limit; and (b)any sums already coliected from Bonower which exceeded permitted limits will be refunded to
<br /> Bonower. I.encler may choose to make this refund by reducing the principal owed under ttie Note or by n�aking a direct
<br /> __ payment to Borrower. If a refund reduces principal, the reduction will be treatecl as a partial prepayment without any
<br /> _ prepayment charge under the Note.
<br /> —' 14. Notices.Any notice to 8orcower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> -ao� it by first class mail unlcss applicable law requires use of another method. The notice shall be directed to the Property Address
<br /> or suiy other address Borrow�er designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> ���� Len�lcr's address stated hcrein or any other address i.endcr designates by notice to Bonower. Any notice provided for in this
<br /> Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph,
<br /> ---- l5. Governing Luw; Severabllity. This Security Instrument shall be governed by federal !aw and the law c�f tl�e
<br /> - -__ � jurisdiction in which the Property is locatcd. in the event that any provision or clausc of this Securiry Instrument or the Note
<br />_ �- --- - conflicts with applicable law,such conflict shall not nffect other provisions of this Security Inswment or the Note which can be
<br /> �°�:�,�;,.� ! given effect without the conflicting provision. To this end the provisions of this Security Instrument nnd the Nate are declared
<br />_,"°�'.:���;�=—� to be scverable.
<br /> _._':`;.:c;,���6� : 16. Borro�rer's Copy.Borrower shnll be given one conformed copy of the Note and of this Security Instrument.
<br /> •u�K�, Form 3028 9190
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