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<br /> paymcnts may no longcr bc rcquired,at thc option of L.cndcr,iF mortgugc insurnncc covcragc(in thc nmaunt und for ihe perioci ' °:'
<br /> that Lcnder rcqu'ucs)provIdcd by an insurcr approvcd by l.c:ndcr again bccomcs nvailablc and i.c abu►incd.Barrowcr shull pay thc __
<br /> . � premiums required to maintaln martgnge insurance in effect,or to provide a losa re.serve,undl the reyuirement for mortguge '-
<br /> � insurancc cnds in accordancc with Any�vriucn aBrccmcni 6ct«rccn Borrowcr and Lcndcr or applicublc Inw. .
<br /> � 9.Inspectbn. Lender or its agent may mekc rcasonable enMav upon and inspecdons of thc P`aperty. Lcnder shall give _
<br /> Borrower nodce at the tlme of or pr�or to an insPcction s,.ecifying reasonable cause for the inspcction. .,
<br /> , ,. 10.Condemaatioa. 'Ihe procecd�of any award or claim for demages, djrect or cansequential, in connecdon with any •
<br /> . condemnadon or other taklr►g of any part of the Praperty,or(or wnveyance in lieu af candemnnuon,arG hereby assigned and _ ,,, • "
<br /> shall be paid to Lender. � �"
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<br /> In the event of a tatal taking of the Progerty,the procccds shall be applied to thc sums sccurcct by this Securiry Instrument, -'r•":���:-�+x�r-
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<br /> � whether or not then due,with any excess paid ta Sorrower.In the event of a partial taking of the Property tn whtch the feir merket -�,���_-
<br /> value of the Property Immedistely before the teking is equal to or greatcr than the amaunt of the sums secured by this Security �
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<br /> Instrument immediately before the takL�g, untess Borrower and Lender othenviscs agree in writing, the sums sccured by this
<br /> Sccurity Instrument shall bc reduced by the amount of thc procceds muldplled by thc fallowing fraction: (a) thc total amount of .;��
<br /> the sums secured immediately before the taking, divided by (b) thc fair market value of the Property immediately before the ,,,;`'
<br /> taking.fu►y balance shall be paid to Borrower.In the event of a partial taking of thc Property in which the fair market vatue of the :
<br /> Property immediately before the taking is less than the amount of the sums securecl unmeclietely before tl►e Iaking, unless ;
<br /> Sorrower and Lender otherwise a�ree in writing or unless applicable law otherwise provides,the proceeds shaU be applied w the «}�_
<br /> sums secured by this Sesurlty Instrument whethcr or not thc sums are then due. " .r .
<br /> If the Property is abandoncd by Borrower,or if,after notice by L;;ider to Borrower that the condemnor offcrs to makc an -'
<br /> , award or scttic a clatm for damages,Bornower fails to respond to I.ender withIn 30 days afrcr the date thc notice is given,L.ender
<br /> • is suthorized to collect end apply the proceeds,at its option. either to restorauon or repair of the Property or to the sums secured --
<br /> j� by this Security Instrument,whether or not then due. �
<br /> ,r Unless L.ender and Borrower otherwise agree in writing, any applicadon of procecds tc�principal shaU not extend or postpone ��
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<br /> ' thc duc date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments. -
<br /> • 11.Borrower Not Releasal;Forbearance By Leader Not a Wuiver. Bxtension of tha time for payment or moditicatlon �-;;��
<br /> � ' of amortizaflon of the sums secured by thLs Securlty Instrument granted by Lender to any successor in�nterest of Borrower shail
<br /> = nui upraatW tu�Iru�cs tnc Ii�biliiy uf iha uriginul Boauwcr vi Bviiuwzi'n succ,�,is'via it�irttecasi.I.etid�t sliali not hC rcquiTCd ta ,--
<br /> commence proceedings against eny successor in interest or refuse to extend time for payment or otherwise modify emorti7ation of
<br /> , the siuns secured by thls Security Instrument by reason of any demand made by the original Borrower or Borrower's successors =-_-_
<br /> in interesG My forbearnnce:by Lender in cxercising any right or remedy shall not be a waiver of or preclude the excrcise of any "�^.�'
<br /> dght or remedy. --
<br /> 12.Successors and Assigna Bound;Joint and Several L.i�bility; Co-signers. The covenants and agreements of thLs :� kr'.
<br /> • Security Instrument shaU bind and benefit the successors and assigns of I.ender and Bonower, subject to the provisions of !�'"
<br /> paragraph 17. Borrower's covenants and agreements shall be jaint and several. My Borrower who co•signs this Security +•.�• `�
<br /> Inswment but does not exccutc ihe Note: (u) is co•signing this Securiry Instrumcnt only to mortgagc, grant and convey that
<br /> Borrower's interest in 1he Property under the tcrms of this Security Instr�ment;(b)is noi personelly obllgatsd to pay the sums -_-__ -- �
<br /> secuced by this Security Instrument;and(c)agrces that Lender and any other Somower may agree to extend,modlfy,forbear or -��::.
<br /> '! make any accommodations with regard to Ihe terms of this Scciuiry Instrument or the Note without that Borrawer's consenG
<br /> 13.Goan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximwn loan charges, �-�_��.-�
<br /> and that law is flnally inteipreted so that the interest or other loan charges coUected or to be collcxted in connoction with the loan �R
<br /> exceed the permiued limits,then: (a)any such loan charge shall be reduce�by the amount necessary to reduce the charge to the =_
<br /> � permiuecl IimiG and(b)any sums already collected from Borrower whieh exceeded permitted limits wlll be refunded to Borrower. :�=
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<br /> Lender may choosc to make this refund by reducing the principal owcd under the Note or by meking a d'uect payment to x,-= -
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<br /> Borrower. If a refund reduces principal,the reducHon will be treated as a partial prepayment wIthout any prepayment charge
<br /> � under the Note. _ -
<br /> � 14.Notices. Any notice to Boaower provided for in ih9s Security Instrument shall be given by delivering it or by ma±14n�it '.�:;,:` •�""�
<br /> by Cust class mail unless applicable law requires use of another method.The norice shaU be direcud to the Property Address or '"�• �"''
<br /> _ I any other address Borrower designates by noticc to Lender. Any notice to L.ender shall be given by first class mail to i.ender's •�,'.��., '�,>��'
<br /> addmss statcd herein or any other address I.cnder dcsignates by noricc to Borrower. Any nodce provided for in this Security "`��4. ° .;. ,�:
<br /> � Instrument shall bc deemed w havc becn given to Borrower or Lcnder whcn given as provided in this paragraph. ' � �,
<br /> 15.Governing Law;Severability. This Securiry Instrument shall be �ovemed by federal law and thc law of the •• .
<br /> ; jurisdiclion in which the Property is locatcd. In thc event that any provision or clause of this Securlty Instrument or Ihe Note •�
<br />- ' conflicis with applicable law,such conflict sha11 not affect other pmvisions of this Security Instrument or the Note which can be � �
<br /> ; given effcct without the conflicpng provision.To this end the provisions of this Socurity Instrument and the Note are deciared to
<br /> ; be severablc.
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<br /> ' Form 3028 9190 �
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