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<br /> ' `` PaY��ts may na tongcr be required,at thc option af t.endcr,if mortgagc insw�nce coverage(in the amount and far the paiod :": ``. •. . , „w `.
<br /> . �[�.� r. � t h a t L e a d e r r e 9uires)P ro�ded by an insurer approvcd by Lcnder again becomes available and is obtained.Bomawcr shall pay the _
<br /> < . � p�¢�iums reqvired to maia�ain mort�age iusivance�effect,or to pmvide a loss reseave. until the req1t1TP^�p^t far mortgage ;• ��.
<br /> .5.. ain , .
<br /> _�` " �_ - insaraace ends ia accardance with ar�y wriuea agrcement betweeu Borcower and Lender or applicabte law. _ . : .
<br /> �"'"��' 9.IaSpedFon. Lender or its agent may make re�onable eauies upon and inspections of the Property. Lender shai[Bive�
<br /> -: -- - Borrower notice at the time oF or prior tn an ins�ection speeifying reasonable caute for the inspection. __ :_
<br /> . 10.Condemaation. The pIaceeds of any uaard or claim for damages,direct or consequential,in connectioa with any , � �
<br /> -� ,� . � eortdemnation or other taking af any pact of the Property,or for conveyance in lieu of condemnation,are hereby assigned and� ;:°,.,.. `' °
<br /> ..,. , � _ .<�...
<br /> . . sdall be paid tn I.ender. � �• .
<br /> ��,::• .'- �:
<br /> ••-- In the eveart of a tntal taking of the Property.the pmceeds sha11 be applied w the sucns secured by thas Security Insaumen�� , • -,�_".
<br /> ,
<br /> whether or not then due,with any e�ccess Paid to Borrower.ln the eveat of a pardal tals�ing of the Propetty in wtuch the fair A�arket� = " _ < -
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<br />- ` . �. • value of the PropertY immediately before We taking is equal to or greater than the amount of the sums secured by this Seciuity� � � "�;. . �,- -;
<br />- � � � Insorument immediareIy before the takiag, untess Homnwer and Lender atherwise agree in wriring,the sums secured by this . .� .y;:.�_-
<br /> . Security Instrumeot st�all be reduced by the amount ot tt�e pmceeds muiaplied by Ihe folloaring fiactioa(a)the wtai amount of . . -W�,�.._..
<br /> � ' ihe snms sec�ued immediacely before the taking,divided by N)the fair market value of the ProP�Y ��Y before the , .____
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<br /> . _. �. . �g,p►ny batan�e shali be paid to Borrower.In the event of a pattial taking of the Property in whict�the fair maiket value of the
<br /> £ � r pmperty immediatetY 6efore the taking is less than the amount of the swns secured 'unmediatety before the takir►g, ualess --
<br /> -. - Borrower and L,ender othervvise agice in wri6ng or unless applica6le law otbenvise provides,the proceetls shall 6e apPlied w the ,•
<br /> � sums secured by this Security Instrument whethcr ar not the sums are then due. �
<br />- ,. . '.,. ' If the picpperty is abandoned by Boaawer,or if,after notice by Lender w Borrower that the eondemnor offeis w malce an
<br /> -� '• -��� award or settle a cIaim far damages.Bonower fails to respond to I.ender within 30 days aftec the date the natice is�tven,Lender _ � . �
<br /> or w the sums secured • `.- .'"
<br /> � is authorized w ooltect and apply the groceeds,at its option,either to restorarion or repair of the Property _ _ � : __
<br /> ���� by this Security Insuument,whether or not then due. " -__`
<br /> • . `"' Unless Len dear an d Borrower o t h e r v v i s e a g r e e i n w ri t i n S,an Y e F P k c a t i o n o f p r o c e e d s[o p r i n c i p a l s h a l t no t e�ctead or po s t pone ';� .`�
<br /> ' _' � ` . . the due date of the monthh+PaYments refeaed to in para�aPhs 1 and 2 or chauge the amount of such payments. � ,"�_-�_— ---
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<br /> 11.Basrm�er Not Reteased;Forbearance By Leuder Not a Waiver. F.�ctension of the time f�paymeut or modification
<br /> '' . ` . of amo�on of the sams secured by this Securiry Insavment gcanted by Lender to any successoz�s interest of Borrower shall =____
<br />'�,`'�� , � not operate to release the liability of the original Borrower or Borrower's successors it►interen.L.�nder shall not be seqnired to r�L_�
<br /> , . � � commence pmceedinSs aSa�st�nY��sor in interest or refuse to extend time for payment or otherwise madify amortizarion oi ':�•:; _�_,_
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<br /> ' the sums secured by this Security Insuument by reason of any demand made by the original Boaower or Borrower's successors —
<br /> ' � in interest My forbearance by Lender in exercising any right or remcdy shall not be a waiver of or preclude tne exercise of tu�y , ;,:.., ��; �... -
<br /> , � . right or remcdy. � .��
<br /> • � � IZ.Saccegors and Assigns Bound;doint and Several LlabiCrty;Co-signers.The covenants and agreements of this . F��
<br /> - ---. . Se�eurity Instrumeat st�all bind and bene6t the successors and assigns Qi Lendec and Barrower, subject to the provisions of � _�.�.,
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<br /> • f . ' par��raph 17. Bonower's coverants and agreEment� shall be joint and several. Any Borrower who ca-signs th�s Seauity � .�,II�:
<br /> � Insuument but does not execute the Note: (a) is co-signing this Security Insarument or�Iy to mortgage,grant and convey that �.,w_-___
<br /> Boaower's intcrest in the Property undcr the tcrms of this Security Inswment;(b)is not pcasonally obligated to pay tha sums � . �• ;,;,}��.=
<br /> . - � secured by thns Security Insuumen�and(c)agrecs t�at 1.ender and any other Sonower may agree w extend,modify,forbear or ; : •.. �';,��-:
<br /> . � make any accommodations with regard w the terms of this Security Instrument or U�o Note withont that Boirower's cansenu ... - -
<br /> . 13.Loan Chargea If the loan secured by this Security Instrumeni is subject to a taw which sets ma�cunwn loan charges, •: ,i.' ____..
<br /> • ' and that Iaw is finally interprated so that the interest or other loan charges cotlecuA or to be collected in conneciion aith the loan ;;,., ..... .. ' ..i�-
<br /> exceed the permitted limits.�hen:(a?anY such loan chazge shall be reduced by the amount neeessary w reduce the charge to the
<br /> • . pertniued limit;artd(6)anY sums already coAected from Borrower which cxcccdcd permitted limits wiIl bc refunded to Borrower. . '.. _ ----
<br /> Lcndcr may choosc to makc this rcfund by rcducinb the principal owcd under the Note or by making a d'uect payment to
<br /> � �.,.__:� . Borrower. If a refund reduces principal.the reducdon will be ucatcd as a pania!prepayment withaut any prepaymcnt charge 4. .
<br /> ' � ', undcr thc Note. ' .
<br /> • 14.Notices. Any notice to Horrowcr provided for in this Security Insuumcnt shall be given by delivering it or by mailing it .
<br /> �� by fust class mail unlcss applicu6lc law saquires use of nnothcr mcthod.Thc notice shall bc d'uected to the Property Address or ,
<br /> � any other address Borrower dcsignatcs Dy noqcc to Lcnder.Any r.cacc to Lcnder shall bc givcr 8y Cast class mail to Lcnder's �. �'
<br /> • a3dress statcd hcrein or any other address Lcnder das:3naccs by noacc to Borrower.My notice providcd fer in this Sccuriry
<br /> Insuument shall be decmed to havc been given to Borrawcr or Lcnder when givcn as provided in this peragraPb• • �
<br /> ' I5.Goiesning Law;Severability. This Sccurity lnswment shall be govcrned by federal law and thc law of the �
<br /> � . • jurisdiclion in which the Property is Eocated. In the event that any provisian or clause of th:s Security InsUument or the Note . ..
<br /> � • . . conflicts with applicable law,such conftict shall not affect other provisions of lhis Security Ins�:tment ar the Note which can be . .
<br /> given effect without the contlicting provision.To this end ihc provisions of this Security lnstn:ment and ihe I�tote ate declared to • ;
<br />�;s�`��• bc scvcrablc.
<br /> , .. . . _ .I Form 3028 9190 , •
<br />. . - � � � �•sR(�FF)(9$121�01 Pago4ot6 In�ilab: . - � .. .
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