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<br /> paymcnts mey no langcr bc rcquired,at tha opdon af Lcndcr,if mortgage lnsurancc cavcrngc(In!hc emount and for thc period ; ������
<br /> that Lcndcr rcquires)providcd by an insurcr approvcd by Lcndcr again bocomcs availablc and is abtained.Barrowcr shell pay thc '
<br /> premiums rcquired w maintain mortgagc insurance In effcct,or w provfdc a los�s re.�crvc,until the requuement for mortgagc � �'`�-'
<br /> jinsurance ends in accordance wlth any written agreement between Borrower arid L.ender or applicablc law. � `;�.-.,_
<br /> � 9.Inspectfon. Lcnder or its agent may make rrasonablc cnlrlcs upon and inspections of the Property. Lender shall give ,
<br /> Borrower nodce at the time of or prlor w an Insy�ection specify�ng rcasonable cause for the inspecdon. � , -
<br /> 10.CondemaAtion. 'It►c proceeds of any awerd or claim for damages, direct or consequential, in cannecdon with any C;
<br /> ^ condemnatlon or other teking of any part of the Property,or for convcyance in licu of condemnation,ue hereby assigned and -
<br /> shall bc paid to L.endcr. _
<br /> In the event of a total taking of the Property,the procceds shall be applied to the sums secured by this Security Instrument, _
<br /> whethcr or not then due,wIth any excess paid to Barrowcr.In thc cvcnt of a partial teking uf the Property in whIch the fair market� • , -
<br /> veluc of the Property immedfately bcfore the taking is equsl to or greater than thc amount of the sums secured by thLs Securiry
<br /> Instrument immediately before the taking, unless Borrower and Lcnder otherwisc agrce jn wridng, the sums securcd by this �
<br /> � Security Instrument sheU be rcduced by the amount of the proceeds multiplied by the following fracdon:(a)the total amount of
<br /> � thc sums secured immediatcly beforc the taking, divided by (b) the fair market valuc of thc Property immediately beforc thc _
<br /> taking.My balance shall be paid to Borrower.In thc cvent of a partial taking of tha Property in which the fair market valuc of the (
<br /> � Property immcdiatcly before the taking is less than thc amount of the sums secured immediatcly beforc the taking, unless �
<br /> Boirower and Lender otherwise agree in writing or unless applicable law othenvise provides,the proceeds shall be applied w the
<br /> sums secured by thls Security Instrument whether or not thc sums are then due. -
<br /> If the Property is abandoned by Borrower,or if,after notice by I.ender to Barower that the condemnor offers to make an '`
<br /> � award or seale a claim for damages,Borrower fails to respond to Lender within 30 days after the dat�the nodce is given,Lcnder �;,:_L
<br /> is authorized w collect and apply the proceeds,at its optiun,either to restoration or repair of the Property or to the sums secured t
<br /> �, by thLs Security Insirument,whethcr or not then due.
<br /> Unless I.ender and Borrower otherwise agree in writing,any application of proceeds to principal shaU not extend or posipone
<br /> � ' the due date of the monthly payments referred w in paragraphs 1 and 2 or chan�e die amount of such payments. �-
<br /> 11.Borrnwer Not�teleased;ForbearAn c e B y L e n d e r N o t a W a i v e r. E x t e n s b n o f t h e u m e f o r p a y m e n t o r m o d i f i c a d o n � - -
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<br /> of amorti�zadon of ihe sums securcd by this Security Insavment granted by Lender w any successor in interest of Borrower shall ��.:, .,_ __
<br /> not operate to release the liabiliry of the original Bonower or Borrower's successors fn intetesG Lender shall not be requimd to
<br /> c o m m�ace �a.c�d i� , a„is�,u, ,uc:crasor in incerese or re fuse w extend time torpayment ot othenvise modify aznortlzadon of �_
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<br /> � the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower or Bormwer's succecsors ;���'
<br /> in Intcrost Any farbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any '�.� '�`
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<br /> right or remedy. ,:�i,:
<br /> 12.Successors aad Assigns Bound;Joint aad Several Li�bility; Co•signers.'!he covenants and a�reements of ihis ' ��,_ .
<br /> SecurIry Instr�ment shall bind and benefit tha successors end assigns of Lender end Borrower, subject to the provisions of `'� ,��"
<br /> pazagraph 17. Borrower's covenants and agreements shall be joint and several.Any Bonower who co-sfgns ►.his Security ;�'
<br /> Instrument but does uot execute the Note: (a) is co-stgning this Security Instrument only w mortgage�g�ant and convey that
<br /> Borrower's inG,rest in thc Property undcr the terms of this Security Insurument; (b)ls not personsUy abllgated w pay the aums --.;,�;�:—-
<br /> secured by this Scxurity Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify.forbear or °�■m��
<br /> make any accommodadons with regard to the terms of this Sccuriry Instrument or the Note without that Bonowcr's consen� "9��'•
<br /> 13.Loan Cdarges. If thc loan sccumd by this Security Instrument is subject w a law which scts maximum loan charges, • -- --
<br /> and that law is finally interpreted so that the interest or other loan churges aollected or w be wAected in connection wlth the ban �""
<br /> exceed the permiued lunits,then:(a)any such loan charge shall be reduced by the amount na;essary co reduce the charge w the _ ��
<br /> permiucd Wnit;stnd(b)any sums alreacly collected fmm Borrower which excccdcd permittcct limits wtll be refundcd to Borrower. ���-`-°_
<br /> , L.ender may choose to make this refund by reducing the prIncipal owed under the Note or by makfng a direct payment w `,;�_�
<br /> Borrower. If a refund reduces principal, the reducdon wip be treated as a partial prepayment without any prepayment charge �:n:�;��,,,.—_
<br />- � undcr thc Notc. .'._���-.
<br />- � 14.Notices. Any nodcc to Borrowec provided for in this Socurity Instrument shall be given hy deliv��no it or by mailing it - - -
<br />_ ; by first class mail unless applicable law requires usc of another method.The notice shall bc directcd to the Praperty Address or
<br /> _ ' . any other adciress Borrower destgnates by nodce to Lcnder.Any notice to Lendcr shall be givcn by fust class mail to I.cnder'a � � � '•`����f~,-
<br /> ' � address statcd herein or any othcr address Lcndcr designatcs by notice to Borrower. Any nodce provided for in this Securi ' S� '�'' '
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<br />_ , Instrument shall be deemed to have been given to Borrowcr or Lendcr when given as providcd in this paragraph. •
<br />_ ; 15.G�►verning Law;Severability. This Sccuriry Instrumcnt shall be govemed by federal law and the law of the
<br />- � jurisdicBon in which the Property is located. In thc cvent that any provision or clausc of this Sec;uriry Instrumcnt or the Notc.., �
<br />- � conflicts with appllcablc law,such conflict shall not affect othcr provisions of thls Sccurity Instrumcnt or thc Notc which can bc
<br /> : � given effcet without the conflicting provision.To this cnd the provisions of this Security Insuument and the Note arc declamd to I
<br /> ibe severablc. �
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<br /> � Form 3028 �190
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