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<br /> ` � mcnts may n��longcr Ix rcquired, at the�ption of I.ender, if moctga�e insurunce coverugc(in tbc a►nount and for thc period �,"
<br /> ' p�Y
<br /> tliat l,cnd�r requires)providcd by nn insurer npprovcd by l.cndcr ug.�in hccomcs uvailablc und is abtuined. Borrower shall pay
<br /> ` ', Ure premiums rcyuired to maimain nw�igugc insurance in effcct,or tc�prRVide a loxs recerve,until the requirement for mortgi�ge �
<br /> — msurance ends in ucc�rdance with any wriuen ugrecment between Borrowcr and Lender ar applicable lawp ,
<br /> w?�•.� 9. luspeettat. Le»der i�r its ngettt may make reascmable entri�s upon aud ii�s�:rticas af the 4'ro,..rt,. Len�1P*shall give
<br /> '�'i4�--�'"- Burrower notice at the time of c�r prior to an inspection spccifying reason�ble cuuse for the inspec[ion.
<br /> �•� 10. Condenmatton,The{�rocceds of any award or clnim far damagcs, direct or consequential, in connection with nny .;_
<br /> �--
<br />--`°' ° condemnation or other taking of any part of the Property, or for cunvcyance in lieu of condemnation, are hereby assigned and :
<br /> sl�all bc paid to Lcndcr.
<br /> In the event of a total taking of the Property. the proceeds shull be applied to the sums secured by this Security Inst�ument. ;
<br /> whethcr or not then duc,with any cxcess paid e��he tak ner is equal ro or greaterrthan�hcnan ount of thee ums secured by his :�`
<br /> •r . " market value of the�roperty immediately befor S .as�
<br /> ` � � Securiey Instrument imrncdiately before thc taking, unless Horro�ver and Lender athenvise agree in writing,the sums secured by �,_
<br />...4r�� .
<br /> �"�°a`ti' this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total -
<br /> ���'�' °� amount of the swns secured immediately before thc taking, divided by (b) the fair market value of thc Praperty immedintely _
<br /> ��'` '� before the taking. Any balance shull be paid to Horrower. In the evecit of a purtial talcing of the Property in which the fair �,_,
<br />:���;,- •,
<br />°;;;'�. murket value of the Property immcdiately before thc taking is less than the amount of the sums secu�ed immediately before the �:-..
<br /> � " taking, unless Aorro�ver and Lcndcr othcrwisc agree in writing or unless applicable law othenvise provides, the proceeds shall �,
<br /> ; ��,,_.
<br /> --- - - be applied to the sums secueed by this Security Instrument whether or not the sums are then due.
<br /> �:��e-:' r If the Property is abandoned by Horrower,or if,after notice by L.endcr to Borrower that the condemnor offers to make an -__
<br /> 4��--- award or settle a clairn for damages, Borrower fails to respond to Lendcr within 30 days after the date the r�otice is�iven,
<br />�="-''w��°�� Lender is authurized to collect and apply the proceeds,at its option,either ro restoration or repair of the Property or to the sums
<br />°:.�'"�`�•-- secured by thi�Securitylnstrument,whethcr or not then due.
<br /> - - Unless Lender and Borrower other�vise agree in writii�g, any application of proceeds to princip�l shall not extend or
<br /> -�--�.,76�� postpone the duc date of[hc monthly payments referced to in pnrasraphs 1 and 2 or chunge the amount of such payments.
<br /> -- --— 1 t.Borrower Not Releused;Forbearance By I,ender Not a Waiver. Extension of thc time for payment or modification
<br /> �� of amorti•ration of the sums secured by this Security Instrumeni g�a,ito3 �r I-:,�M�%;�s�+�L!�r�ccnr in inte[esI of Bor['oweT shall
<br /> .T"i�
<br /> _.= not operate to release the liability of the original Borcower or Borrower's successors in interest. Lender shall not be requirui to
<br /> `''�'°'`' commence proceedin�s against any successor in interes►or refuse to extend time for payment ar otherwise modify amortization
<br /> """ of the sums secured by this Security Instrument by reason of uny demand made by the original Bonower or Borrower's
<br /> ��� successors in interest. Any forbe�lrance by Lend.er in exercising any right or remedy shail not be a wniver of or preclude ttie
<br /> ,��' exercise of any right or remedy.
<br /> �r��!� 1.2. Saceesso*b pnd Ass�gns Round;Joirct und Severnl I.inbility; Co-slgners. The covenants and agreements of this
<br /> -_____— Security Instrument shall bind nnd benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> - parasraph 17. Borrou'er's covenants and agreemcnts shall be�oint ai�d several. Any Borrower who co-signs this Securiry
<br /> �� [nstrument but does not execute the Note: (u) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> ' Borrower's interest in the Pruperty under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> — securcd by this Securi[y Instcument and(c)agrees that Lender and uny otlier Borro�ver may agree to extend,modify,forbear or
<br /> • make any accommadations with regurd to the tertns of this Security Instrument or the Note without thut Borrower's consant.
<br /> 13.I.oan Charges. If the loan secured by this Security instrument is subject to a law which sets maximum loan charses.
<br /> ` and that law is finully interpretai so that the interest or otlier loan charges collected or to be collected in connection widi the
<br /> loan exce�f the perrnn►ed �imits,then: (a)any such loan charge shull be reduced by the amount necessary to reduce the ch�arge
<br /> ,_;;;.:',t�t'�
<br /> to the�ermitted�imit�and(b)any sums already collected from Bonower which excee,ded permitted limits will be rafunded to
<br /> Sorrower. Lender may choosc to muke this refund by reducing the principal o�ved under the Notc or by mnking a irect
<br /> yr� payment to Borrower. If a refund reduces principal, the reduction will be tmated as a partial prepayment without uny
<br /> --�-- prepayment charge iander tha Note.
<br /> -= 14.Notices. Any notic�to Borrowcr providcd for in this Security lnstrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use oF another method. The notice shall be directed to the Property Addnss
<br /> or any othcr address Borrower designatcs by notice to L.endcr. Any notice to Lendcr shall be given by first claas mail to
<br /> '�� Lender's uddress stated hcrein or any other address Lcnder designates by notice to Borrower. Any notice provided for in this
<br /> __=�a�� Sccurity instnimer�t shaU be dccmed to huvc been given to Borrowcr or Lender when given as provided in this paragraph.
<br /> --=,�,n,.: 15.Governin� Law; Severablltty. This Security Instniment shall be governed by federal law and the law of the
<br /> -;�;T,�-�� jurisdiction in which the Property is located. In the event that any provision or clause of this Security lnstrument or the Note
<br />_..,.a;m__� conflicts with applicable law, such conflict shnll not affect other provisions of this Security Instrument or the Note which canbe
<br /> -?.���=n�. given c:ffcct wiQiout�he conflicting provision. To this end the provisions of this Security [nscrument and the Note are declnred
<br /> "' to be sevcrable.
<br /> �'``��� 16.Borro«•er's Copy. Borrowcr shall bc given one conformed copy of the Note and of this Security Instrument.
<br /> `�?-=s?' Form 3028 9190
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