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<br /> ��``�� • paymenu may Ro longer be required.at the option of L.ender,if mortg�ge insnrance coverage(in the amount and for the period '. �
<br /> �� that Lender reyuiresl provided by an insurer approved by Lender again 6ecomes available and i�obtairted. Borrower shall pay • _
<br /> " the premiums reqnired to mainta�n mortgage insurance in effeM•or to provide a loss reserve,until the requiremem for mortgage
<br /> .�: . ,
<br /> • �F `,.f insurance ends in accordance with any written agreement betweea Bornnwer and l.ender or applicable lawQ �nder shall give - - = -
<br /> , � , . 9.inspectlon.Lender or its agent may make reasenable entries upon and inspeciions of thc Prop rcY• ,;��. • '
<br /> � Borrower noticc at the time of or prior to an iaspection sPec►fYinB reasonable cause for the inspaction. ,,.
<br /> 4 ,� • ��, t0.�'ondemttration.The praceeds of any award or elaim for damages.direct or consequential. in rnnnection with any ,
<br /> � ' . condemnation or ather taking of any Rart of the Propeny•or for conveyance in l'eeu of condemnation, are hereby assigned and ; � .,.� ,
<br /> �_.�.
<br /> . shall be paid to Lender. . ,�
<br />- '� In the event of a total taking of the Propecty.the proceeds shall be applied to the sums secured by this Securiry Iristrument,
<br /> �`°`�� whether or not then due,with any excess paid[o Borrower. In the event uf a panial taking of the Property in w6ich the Fair _ ;_;,.:' ,
<br /> � ` Y maricet value of the Propert� immediateiy before the taking is eq�to ur greater than ttee amount of the sums secur'ed by this c�
<br /> _ � •. �',.` Security Insuument immediately before the taking.unless Borrower and Lender otherwise agree in writing,the sums secumd bY
<br /> , ,- . this Security Instmment shall be re,duced by the amo�mt of the proceeds multiplied by the failowing fraction: 'a��`at I' � .
<br /> amount of the swus secufed immediately before the taking. divided by Ib)the fair market value of the Property ' Y ;�
<br /> before the taking. Any balance sha11 be paid to Borrower. in the event of a partiai takinS of the Property in which the fair � t: c; � �..:
<br />•�z; . ' ; marlcet value of the Property immediate[y before[he taking is less than the amount of che sums secured immediatelY before the
<br />-.�; . • taking.unless Borrower ar.d Lender othenvise agree in writing or unless applicable law otherwise provides.the pmceads shall . .
<br /> . . � be applied to the sums secured by this Security Instrument cvhether or not the sums are then due. ;;.,:;;,
<br /> If the Pro perty is abandoned 6y Borrower.or if,after notice by Lender to Borrower that the condemnor offers to make an �;,_:
<br /> award or settle a ctaim for damages. Borrower fails to respond to Lender within 30 days after the date t he notice is given. �y.__
<br /> � � Lender is authorized to collect and apply the proceeds.at its option,either to restoration or repair of the Propercy or to the sum5 '�
<br />'Sf:' ', � secured by this Secnrity Inscrument,whether or not then due. �-�
<br /> � � Unless Lender and Borrower otherwise agree in wriring, any app�iration of proceeds to principa1 shall not extend or �`.1�.-
<br /> ��'�* hs 1 and 2 or change the aznount of such payments. ,` �
<br /> ' ` - postpone the due date of the moathly payments refesred co in Pai"agraP ---
<br /> `;�"...� :V, � ���""� 11.Borrower Noi Retease�;Forbearance By 1.eader Not a Waires.Extension of the ume for payment or modificaaon '-+.=
<br /> . �•`-e'_
<br /> - of amortization of the sums secured by this Security Instrument panted by Lender to any successor in interest of Borrower shall >: ����,;
<br /> - � � :��;`? not operate to retease the liabiliry of the original Botrower ar Borrower s successors in interest. Lender shall not be required ta �'!�_
<br /> �!, . ' wmmence proceedings against any successor in interest or refuse to extend time for pay�nent or otherwise madify amorti7ation �.-;c t*,,_ '
<br /> �� �� • of the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower or Borrower's �,';��'.
<br /> � Z�, � � successors in interest. Any forb�uance by Lender in exercising any right or remedy shall not be a waiver of or preclude the _ i 1,�
<br /> � ! ' exercise af any right or remedy. •''. : �`'�`=''
<br /> eis. The covenanu and agreements of this � -�--=
<br /> � � �+.� l2. Sucxcsso�s artd Assi9ns Bound; Joiat and Severa! Liability; Co-stgn ;�',
<br /> '�:".�ir�.�"':
<br /> y.i ' �.��•: - Security Instrument shall bind and benefit the suc:cessors and assigns of Lender and Borrower, sub}ecc to the provisions of ./,�'
<br /> '. " � •.�'c- paragraph !7. Borrower s covenanu and agreements shall be joint and several. Any Borrower who ca�signs this Security --
<br /> ' '� ' .�.� Instr�ment but does not execute the Note: (a) is co-signing this Security Instrumeat only to mortgage.grant and convey Wat `,:��
<br /> -� � � Borrower's inierest in the Property under the terms of this Security Instrument;(b)is noi personally obligated to pay the s� _ ., . _>,�..�
<br />�-;;;'.`" � _ secured by this Security lastrument;and(c)agrees[1�at Lender and any other Borrower may agee to extend.modify.forbear or ( �`�,_-
<br />';.�j::�. _��.,±.."_`�_•,'. 1. make any accammodations with regard to the terms of this Securiry Inswment or the Note without that Borrower's consent. ,�'�
<br />'<;:�, • 13,Loan Charges.If the loan secured by this Security Insuument is subject to a law which seu maximum loan charges. ,,�,'F.A.,.
<br /> ,•: -
<br /> - -. - "- ' and that law is finally intetpreted so that the intere.ct or other loan eharges collected or to be collected into����e har e `
<br />��s• :� ' � loan exceed the pernutted limits,then: (a)any such loan charge sha11 be reduced by the amount necessary S --':'r•;;?`°`-'
<br /> , �� '� � to the permitted limit;and(b)any sums already colletted from Borrower which exceeded permitted limits will be refunded to �;.
<br /> .r ._
<br /> � � � Borrower. Lender may choose ta make this refund by reducing the principal owed under the Note or by making a direct _ __
<br /> � ' . . . , payment to Borrower. If a refund redaces principal, the reduction will be treated as a partial prepayment without any _
<br /> ;;�: � � .. prepayment chazge under the Note.
<br /> '�� ` � .� �� 10.Notices.Any natice to Borrower provided for in this Securiry Instrument shall be given by delivering it or by mailinS _ '``r"
<br /> ' � it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Propert}•Address _
<br /> = ' or any other addsess Borrower desi�nates by notice to Ixnder. Any noticc; to Lender slizil be given by first clzss:nail ta '
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> � . - � Security Instrumcrt shall be deemed to have been given to Bonowcr or Lender when given as provided in this paragraph• •
<br /> � 15.Governing Law; Severability. This Security Instrument shall bc govemed by federal law and the law ot the
<br /> ` • �, . . � jurisdiction in which the Proper[}is located. In the event that any pravision or clause of this Security Instrument or the Note .
<br />_��,•' •. � � conflicts with applicable conflictin�rov�s'ton ITo thisf nd the provi ians of this Secu ty Instrumenttand the Nore are d lared � ;
<br />: ,.;�, . �, � given cffect without thc S P
<br /> - � . . _ to be se�erablc. ' •
<br /> � 16.�orrower's Copy.Barrower shall be given one conformed copy of the Note and of this Security Insttument.
<br /> � Porm 3028 9190
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