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<br /> ' RE•REC ED �"
<br /> ; �.. a,10n"JO g�- 1.O�fi'7'S �
<br /> paymcnGg may no longcr bc rcyuircd,ut thc cpuon of l.cndcr,if mongagc insarancc covcragc(in the amount and for thc period j
<br /> •+ that l.cndcr rcqu'ves)providcd by an insurer approved by Lendcr again bccomcs nvailable and is obtained.Borrower sball pay the l .
<br /> I prcmiums requ'ucd to maintaln mortgage inswr�ncc in effect, or to providc a loss rescrvc, until the rcquircmcnt for mort�agc
<br /> insurnnce ends In accordance with any written agreement between Borrower end Lendcr or appGcable law.
<br /> I 9.Inspcetion. Lcndc•r or its agcnt may makcs reasonablc enuies upon and Inspecdons of the Property. Lenttcr shall give � , �
<br /> Borrower nodce ut the time of or prior eo an inspec6on specifying eeASanable cau.s�;for the inspecdon.
<br /> 10.Condemnatlon. 'Itro proceeds of any award ar claim for damagcss, d'ucct or consequen6al, in wnnecdon with any
<br /> condemnadon or other taking of any part of the Property,or for conveyance in lieu of condemnadon,a�c hereby assigned and • '
<br /> shall be paid to I.ender. -
<br /> In the event of a total taking of the Property,the procceds shall be appGed to the sums secured by this 3ecurity Insuume�nt, ,
<br /> ' whether or noi then due,with any excess paid to Borrower.In the event of a partial taking of the Property in which the fair merket -��w�'"��
<br /> value of the Property immediately before the takfng is equal to or grcater than the amount of the sums secured by this S�curity . ������,��:•.
<br /> Instrumcnt immediately before the taking, unlcss Borrower and Lcnder otherwise agree in wribing, the sums secured by this 'f"',':�.: Y��-r.
<br /> Security Instrument shaU be reduced by the nmount of the proceeds muldplied by the following fracdon:(a)the total amount of
<br /> thc sums secured immediately bet'ore thc talcing, divided by (b) Ihe fair market value of the Property immediately before the _ ---
<br /> taking.Any balance shall be paid to Borrower.In the event of a partial taking of the I'roperry in which the fair market value of the � ' ;�""`�'��`"�-
<br /> Property immediately before the taking is less than the amount of the sums secured immediately before the takin�. unless .:�s,:�'
<br /> Borrower and Lender otherwise agree in writing or unless applicable law otherwise pmvides,the procec.sls shall be applied to the "x"� �
<br /> sums secured by this Securlty Insirument whethcr or not the sums are then due. , � ,ic�•�-�-
<br /> : If the Property is abandoncd by Borrower,or if,after nadcc:by 1[.ender w Borrower that the condemnor offers ta make an , ' ,;
<br /> award or scWe a claim for damages,Borrower fails ta respond to Lcndcr within 30 days after the datc the nodce is givcn.Lcnder ' ;
<br /> v� is au t ho r i z e d t o co llec t an d app ly t hs p r o c e e d s,a¢i t s o p t i o n,ei t h e r w r e s w r a ti o n o r r e p a i r a f t h e P r o p e r t y a r t o t h e s u m s s e c u r e d �� �� _ __
<br /> � by this Securiry Instrument,whether or not then due. "..•:.>f •
<br /> _�. Unless Lender and Borrower otherwise agree in writing,any apglica6on of proceeds to principal shall noi extend or postpone �.���";��
<br /> �� the due date of the monthly payments reFened to in paragraphs 1 end 2 or change the amount of such payments. � , _ -
<br />� • 11.Borrower Not Releaaed;Eorbearance By Lender Not a Waiver. F.xtension of the time for payment or moditicatien '�"' i�
<br /> of amortization of the sums secured by this Security Insuument granted by L.cnder W any successor in interest of Horrowe�ahall `
<br />- . not opesate to release the liability of the originel Borrower or Borrowcr's successors in interes�I.ender shall not be reqa�ired to
<br /> commence proceedings against any successor in interest or refuse w extend time for payment or otherwise modlfy amortiza6on of " '�'
<br /> ' � ihe sums seeurett by thjs Security Instrument by reason of any demand made by the original Borrower or Borrower's successor� •''�tiJ
<br /> � � ,� in interes�Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exe�cise of any ' �}, ��'�
<br /> �t;;�.
<br /> - a right or remedy.
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<br /> +� 12.Sncce�sors aed Assigns Bound;Joint and Several Liabflity; Casigners. The cc�venants and agreements of this
<br /> � Security Instrument shall bind and benefit the successors and assigns of L,�a�der and Borrower. subjoct to the provisions of '
<br /> . paragraph 17. Bonower's covenants and agreementa shall be joint ond sesveral. My Horrower who co-signs thLs Security
<br /> - Instrument but does not eaecute the Note: (a) is co-signing this Security Instrument only w mortgage,grant and convey that :;�.-
<br /> Borrower's interest in the Property under the tc.rms of�his Security Inswment;(b)is not personally obllgated w pay the sums . 1`' '•
<br /> securul by this Security Inswment;and(c)agers that Lender and eny ather Borrower may�w extend,modify.foabear ur � ��`
<br /> , make any accommodatiQns with regard to the tem�s of this Securiry Instrument or the Note wIthout that Botrower's consent �;��
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<br /> , „ 13.Lonn C6arges. If the loan secured by thi.s Security Inswment is subjcct W a law which sets maximtun loan chacges, '
<br /> and thac law is finally interpreuxl so that the interest or other loan charges collectod or to bo collected in connection with the loan �,'�__
<br /> eaceed the permitted limits.then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the �` —�
<br /> pcimiued limit;and(b)any sums already wllected from Borrower whIch excecded pemiiued Iimits will be refunded to Borrower. ' -
<br /> _'�,�;; I.ender may choase to maice this refund by red¢cing the principal owed under the Note er by making a dirc;ct payment to — ` -
<br /> ' ' , Borrower. If a refund reduces principal, tha reducaon will Ue tmated as a panial prepayment without any prepayment charge - -_
<br /> nnder the No3e. �:,:u+ °�
<br /> , � 14.Piotkes. Any notice ta Borrower provided for in this Sccurity Instr�ment shall be given by delaverIng it or by mailing it �ti���`':
<br /> :t*�"<�4";�u'�:�
<br /> by fitst clacs mail unless applicable law requ'ves use of another method.The notice shall be directed to the Property Address or . ��.,�,,�-,�:,.-.-�
<br /> any other address Borrower designates by notice to Lender.Any notice to Lendcr shall be given by fust cisus mail to Lendes's ':�:+�-':;=.;�- '
<br /> _.�. _..�_�. ;. .^.
<br /> address stated herein or any other address Lender designates by notice to Borrower. Any nat�ce provided for in this Security .;:;,;^'°:;,,•..- . •
<br /> _ � Insorument shall be deemed to havc becn given to Bonnwcr or Lendcr when given as provided in t!►is par.tgraph. ��:�:� _�.�. ::,: �
<br /> 15.Governing Law;Severability. 'It�is Security InsUUment shall be governed by fcderal Uaw and the law of thc �` .%+�" :d• ,
<br /> . jurisdiction in which the Property is locaUeci. In the event thaa any provision or clause of this Security Inswment or the NoLe ' ••� -•
<br /> � _ conflicts with appllcable law,such conflict shall not affect other provisions of this SecurIry Instrument or the Note which can be
<br />— given effect wid�ont the conflicUing provision.To this end the provisiuns of this Security Instrument nnd the Note are declared to � � "
<br /> be severable. .:.;
<br /> Form 9028 Ol90 _ _-_ - _ --,
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<br /> _ - ,�•aR(NH)�o2t2►.o� rap•4oro inniair
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