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<br /> - - payments may no[onger 6e required.at the option ef L.ender.if mortgage insurance coverage(in the amount and for the period �. - _.
<br /> '"�':��`',", rovided by an uuurer appraved by Ixn�er again becomes available and is obtained.8orrower shal!pay a � :: �
<br />- thai Lender requires)P .
<br /> ,' �e p�miums reyuir,ad co maintain mortgage insurenoe in effect.or to pmvide a loss reserve.umil the reqvirement for mortgage . . ..
<br /> ' insvrance ends in accosdance witb any w��n���between Borrower and Lender or applicable law. ` �� :
<br /> � ' � .,� ,�;•'• 9_ Ia��toa.l.ender or its agent may make reasonable eauies upon and inspecaions of the PrapertY• lxnder shalt give � ��.�<<.:,��.�
<br /> . , '�� '� Bortower notice ac the tune of or prior ta an inspeaion speci f ying r e a sonahle cause for the ins pection. � , `,a::.;:'.. :
<br /> " '• ��'��''".� I0. CoadcmnaHoa.The proceeds of any awazd or ciaim for damages.direct or consequential. in connectian with anY .:..
<br /> <' "��, conde�nnarion ar other taking of any part of the Property.or for conveyance in lieu of condemnation,are hereby assigned ani �
<br /> ' �, shall be paid to Leader. ''
<br /> � In thc event of a totat taldng of the Property,the ptocxeds shail be apQ�ied ta the sums seraued by this Security Iastrumeut, � �.-, n __
<br /> ` � • whether or not then due, anth any exc.ess paid to Bonower. In the event of a pactia! taking of the Property in which the fair _•�
<br /> � � "` ' marka valne of the Property imm�diaiely before the taking is equal to or greater than the amount of the sums secured by tlus.�y '�:, � '
<br /> . .` Security Instrument immediately before the taking.unless Borrower and Lender othemise agree in wriang,the sums secare�by �?�, �
<br /> . ` F ihis Security Insnument shall he reduced 6y thc amount of the procezds muldplied by the folloa+ing fraction: (a)the total ` '<
<br /> " `' • a m o u n t o f t h e sums secured immediately before the taldng.divided by(b)the fair market value of the Property immediately
<br /> - � _.'� '�`� befote the taking. Any 6alance shall 6e paid to Borrower. In the event of a partial taking of the Property in w hic h t he fair ' � . :"�-
<br /> ,. •Y
<br /> . � . , ��
<br /> martcet value of the Property immediately before the taking is less than the amouni of the sums secared immediately before the •�.��-
<br /> � roceeds shall '�..
<br /> `�� taldng, unless Borrower and Lender oiherwise agree in writing or uniess applicable la.w otherwise pmvides.the P
<br /> f� .�� ��_ 6e applied to the sums secured by this Suurity Inst�ment whet6er or not the sams are then due. ' • -
<br /> �. ;.r_� � t � ! If the Pmperty is a6andoned by Borrower.ar if,after notice by Leader to Borrower thai the condemnor offers to make an � ' �
<br /> ,��� : ' award or s�ttle a claira for damages, Borrower fails to respond to Lender within 30 days after We date the notice is given, ' , _
<br /> ` ��` I.cnd¢r is authorized to co[lect and apply the proc.e�ds.at its option,either to restoration or repair af the Property or to the sums �`•,.�`w°
<br /> : secured by this Securiry Insuament,whether or not then due. ��on of aceeds to princi al shall not exte�d or � �
<br /> � .;:�_�r.��` Utiless Lender aud Borrower othercvise agree ia writing.anY aPP� Pf' p �=
<br /> � �.. �':1�� postpone the due date of We monthly payments referred to in paragraphs 1 and 2 or change the amount of sach paymeAts. :{ _ . �,,__
<br /> :;; 11.Borrower Not Iteteased;Fos6earanse By I.ender Not a Waiver.Extension of the time for payment or modification __
<br /> ' •�: � -��� of amortizadon of the sums secured by this Secvrity Insuument gzanted by i.ender to aT►y successor in interest of Borrower shall s""'"
<br /> �_ �---
<br /> �. � .�. �. .: ;::.::,� not operate to release the liability of the original Borrower or Borrower s successo�s in interest.l.ender shall not be cequired to
<br /> �'°.a., `r•`=
<br /> � ' commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amort�zation _
<br /> � • �`• of the sums secured by this Security Instrument by reason of any demand made 6y the original Borrower or Borrower's :� _
<br /> ;:;.. ;,• �' '�:-..:: . -
<br /> = � . successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preslude the = _
<br />�.` exercise of any right or remedy. . i� `�''—
<br /> �.�;� - � •- -
<br /> s. . !2.Successors aad As4lgns Bouad;Join�and Several LiabiUty, Castgnetis.The covena�tts and agreements of this `
<br /> 5..: . .; .,�.. ,. .�
<br /> Security Instrument shall bind and benett the successars and assigns of Lender and Boaower, subject to the provise�af . r .:�.�_
<br /> � � • paragraph 17. Borrower's covenanu and agreements shall be joint and sevetal. My Borrower who co-signs this 3ecarity •• -_-
<br /> "` °`��•.�.�� Instrutnent but does not execute the Note:(a) is co-signing this Security Instmment only to mortgage,gras�t and coavey that ---=`�:�.
<br /> ��.� � _ � Borrower s interest in the Property under the terms of this Securiry Instnimenr,(b)is not personally obligated to pay the sums �:•�--
<br /> : �� �=
<br /> � . • . .' secured by this Security Instrument:and(c)agrees that Leader and any other 8orrower may agree to extend,raodify,forbear os : __
<br /> . � make any accommadations with regard to t6e terms of this Security Instrument or the Note without that Borrower's consent. .�����-_-
<br />_;;�'',S . • 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 interpreted so that the interest or other loan charges collected or to be wllecxed in oonnection with the _
<br />:�:.f..�. ' . .. [oan exceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary w reduce the charge . __
<br /> �'•� . �`:�,,� to the pernutted limit; and(b)any sumg already collected from Borrower which exceeded pemvtted timits wili be refunded to _ __ _-
<br /> �•�� Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dirett � � ' '
<br /> a._-. :. � , .
<br /> �" � • , payment to Horrower. If a refvnd reduces princlpat. the redaction will be treated as a partial prepayment without any �••.'_�._;,,:,:�_'
<br /> ='�%,:i•�.'` � . prepayment charge under the Note. -
<br /> �'`'`' , ' '. 14.Hotices.Any notice to Borrower pravided for in this Sewrity Instnrment shall be given by delivering it or by mailiag �- _
<br /> � � .. it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address • - _
<br /> • � or any other address Boaower designates by nottce ta Lender. My notice to Lender shall Dc given by first ctass mail to
<br /> : ••� � Lender's address stated herein or an�+other address Lender desigaates by nadce to Horrower. Any noticc provided for in this . � �
<br /> .• - � ' � � Security Instrument shall be deemect to have been given to Bonower or Lender when given as provided in ihis paragraph. .
<br /> "`�� •- • . : ' 15.Goveraing Law; Severabillty. This Securiry Instrume�t shall be governed by federal 1aw and the Iaw of the -�
<br /> ?'�, - �• . � � jurisdiction in which the Propeny is located. In the event that a�y provision or clause of this Security lnstrument or the Note .. ,
<br /> � , • _ conflicts wit�applicable law,such conflict shall not affect other p:ovisions of this Seeurity Instrument or the Note which can be .
<br /> � � � given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note aze declared � �
<br /> • to be severable. . �
<br /> .. . - �. 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Securiry Instrument. . ...
<br /> � • • � . • form 3028 9J90 . �
<br /> :'{ .`���..
<br />- , � Page 4 0•8 . '
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