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<br /> � paymenu ma,y no longer be reqi}ired.at tf►�ion of i.ender.if mongage insurance cover��;'{in the amount and for the period `� t ^ `_
<br /> �� that Lender mquires)provided by�n i�er apprOVed by Lender again becomes avaitaisle and is obtaine�.Borrower shall pay �� 4 �:��� :
<br /> , •� ` the premiuins required to maintain mortgage insurance in effect.or to provide a toss rPServe.antil the requiremeat for mortgag� << .`�:� .. ,
<br /> ~ ��'` insuraqce ends in aocordance with any written agreement between Borrower and Lender or applicabte!aw_ � :� F
<br /> • • , _ 9.Iaspecttoa. L�nder or its agent may make reasunable entries upon and inspections of the Property.Lender shall give 1 �'' t
<br /> �� - Barro�ver notice at the time of or prior to an iaspection specifying ceasonabte cause for the inspection.
<br /> _ �.� � 10.CondemaatIon.The proceeds of any award or claim for damages.direct or oonseqaential, in connection with any� � _ ,
<br /> • "`"`�`�;� condetnnation or other taking of any pazt of the Property,or for rnnveyance in lieu of condemnation,are hereby assigned and�
<br /> - _..pr;` shali be paid to t.ender. - _ --
<br /> . . ;,��-� In the event of a total taking of the Property.the pmceeds shaU be applied W the smns secured by t6is Security Insuument,�
<br /> � ;:; • whetber or not then dne. with any excess paid to Borrower. In the event of a paztial taking of t he P r operty in which tke fair � ��r��`��., �
<br /> • �.?� '` _
<br /> • • markec vatue of the Prcfperty immediately befote the taldag is equal to or gmazer than the amonnt of the sums secared by ttris ^�
<br /> , '�+ Security Instcument immediately 6efore the taking,untess Borrower and Lender otherarise agree in writing,the st�ms secured by ` •- . .___
<br /> . , this Serurity Instrameni shall be reduced by the amaunt of the praceeds mulriplied by the following fraction: (a)tfle total s�:::::.` v�_-
<br /> , ... amount of the sums secured immediately 6efore the ta�ing,divided by(b}the fair market valae of the Property unmediately �•_�.,;..:y;;.:�:;.---- V-
<br /> � 6efore the ta2dng. A�ry balance shali be paid w Bormwer. In the eveat of a partial taking of the Pmperty in which the fair rr r,� ,,;,._
<br /> ` ' :�r�. market value of tha Property�mm�t:arpiy hefore t6e taking is less tdan the amuunt of the so�s secuned immediately before the .
<br /> _:.,,,...
<br /> �ra�:'
<br /> - . "� . .';fi'�AH taking.unless Bocrower and LendeT atherwise agree in writing or unless applicable!aw otherwise pmvides.the proceeds shall =_-
<br /> •� ..� "~ , i``7 be applied to ths s�ms secured by this Secarity Insmiment whether or nm Ehe sums�e then due. <�.
<br /> •:���;�.,.�..:.�� ,:r.,, : .,
<br /> '�'�-;: '` •` : If the Prope►ty is abandoned by Bomower,or if,after no6ce by I.ender to Borrower t h a t t h e co n demnor o ffe�s w m a t c e a n ��'__��� �"
<br /> F ' �=°� j � �- �`�' award or seute a ctaim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given. . _
<br /> " ' Lender is authorized w collest and apply the proceeds.at its oprion,either to restoration or repair o f t de P ro p e r ty or to t h t s u m s
<br /> - ..._.��� r`�`�:�; secaued by this Security Insuument,whether or not then due. , ----
<br />_ ' �-- ���'�' ' Un1eSS Lender and Barrowec othe�wise agree in writing, any application of proceeds to principal shall not extend or ' �„�
<br />�. � . - postpone the due date of the moatlily paymeau neferred to in paragraphs 1 and 2 ar change the amount of such paymeats. , .�_-
<br /> V, ' 11.Borrow�Not Reteased;For6earance By Lender Noi a Watver.Extension of�he time for payment or modification -�:�:;�
<br /> - ` �h °� of amorti7ation of the sumc secured by this Security Insuument ganted by Lender to any successor in interest of Borrower shall �• �'�
<br /> �, . ��_
<br /> - • ,; - not operate to release the liability of tho original8mrower or Borrower's successors in interest.lxnder sbatl not 6e mquired to �, �==-�
<br /> ;•��'` commence proceedings against any successar in interest or refuse to eatend ume for payment or otherwise modify amortizaitan �: �h� -_
<br /> ` �. ' of the sums secured by this Sxurity Instrument by reason of any demand made by the original Borrower or Borrower's :�.::----=
<br /> • ' • .. successors in interest. Aay forbearance by Lender in exercising any right or cemedy shall not�e a waiver of or preclude tha .��:,���.:�,:�
<br /> �.�, , , . exercise of any right or�emedy. �•'�.• `
<br /> _ � 12. Snocessors and Asstgns Bound;Jaint and Several Liability; Co�stgaeis. The covenants and agmements of this • �.z;;"u?`�' �
<br /> � . '" Securiry,Instrument shall bind and benefit the saccc�ssors and assigns of Lender and Borrower. subject to the piovisions of '-�""'" �-�
<br /> � . ,..�-_,
<br /> • ,,.,. , ��
<br /> paragraph 1']. Borrower's covenants and agreemenu shall be joint and several. My Borrower who co-signs this Security �`-� -
<br /> � � �� Instrument but does not execute the Note: (a)is co-signing ti�is Securiry Instrument only to mortgage, gtani and convey tvat " ���'
<br /> a �°�;°'�
<br /> Borrower's interest in tha Property unQer the terms of this Secumy Insuument;(b)is not personally obligated to pay the sum4 , .__.
<br /> . �',?'•; • .
<br />' �Y' �.. , � secured by this Security Inswment:and(c)agreec that Lender and any other Boaower may agree to extend.madify,forbear or �=�..�__
<br /> � ' ' make any accommodations with regard to the terrns of this Security Instrument or the Note without that Borrower's consen� -��
<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 lativ is finally interprexed so that the interest or other loan charges collected or to be collected in co�ection with the �;::, .;
<br /> . . loan exceed the permitted limiu,then:(a)any snch toan charge shall be reduced by the amount necasary to reduce the charge •�r:�• � • �.
<br /> . . .:�Y,;.;
<br /> ,.:, �.,,.. . � to the permitted timit:and(b)anY sums atready collected from Borrower which e�cceeded pennitted limits will be refunded to "`" � _
<br /> " Borrower. Lender may chaose to make this refund b redacin the nci al owed under the Note or by making a�irzct �-"-``=�
<br /> Et'� . �;,���.,_.---
<br /> Y S Pn P i-,�"�"-�,r��-
<br /> _ . ;;� payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment whhout atry �,:::..; -.__-._
<br /> � . . . prepayment charge under the Note. • `.`.� ���'
<br /> , �'"��� 14.Natices.Any notice to Bonower�rovided for in this Security Insuument shal!be given by delivering it or by mailing -��-`-
<br /> �-.�.: •. .. r,.:..c:
<br /> �.•'�:' � • it by first class mail unless applicable law requires use of another method. The notice shall be diz�,txed to ihe Property Address , �:`•:_=__
<br /> • ``,' ,,:r;`�
<br /> , _� . or any other address Borrower designates by notice to Lender. My notise to Lender shall be given by first class mail to
<br /> . ' , . �:.� Lender's address stated herein or any other address L.ender designates by notice tv Borrower. Any notice provided for in this . �
<br /> Security Instrument shall be deemed to have been given to Borrower or Lender when�iven as provided in tlds paragraph. ' '
<br /> K � . ' ..�.� 1S.Governing Law; Severability. 7'his Secvrity Instrument shall be govemed by fedesal law and the law of the
<br /> • . ' ., • .'`�] jurisdiction in which the Property is located.In the event that any provisian or clause of ihis S�cvrity lnstrument or the Note � ;__��,.��
<br /> • � � i conflicts with applicable law.such wnflict shall not affect oiher provisions of this Security lnstrument or the Note which can be
<br /> ` �' � ' � given effect without the conflicting provision.To this end the provisions af this Security Instrument and the Note are declared
<br /> �. . ,
<br /> • . to be severable. � • .�
<br /> � , • . 16.Borrower's Copy.Horrower shall be given one canformed copy of the Note and of this Security Instrument. • . .
<br /> .;, - � .' �i Form 3028 8190 . .
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