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<br /> � : � gT� Sd0�4� ,_ . - . ��- -
<br /> � paymrnt.tin:iy no longcr be reyui�ed,at thc optian of Lcn�er. �f m��rtgagc in,urartdr�o�ersgc�in the amount and for the perio6 �. . ' .
<br /> • that I..cnder reynir�r►provided by an insurer approreci by l.tnaer again herome.available and i.obta►ned. Bonower shall pay , �,,:� _
<br /> ' the pr:•.miuin�r�•yu�red to m:.urctam m��rtgage i�uuran:c in effc.c.or t�t prov��ie a I��«n��n'z•until the requirement far mortgage _ T __ _._�-
<br /> m�urunce rnd�in arc��ni:mre��itf�any�ynttcn agreement between Borrower snJ l..ender��r appli�:.ible law. _.� . �L �.,—
<br /> . 9.Imspectiun. Lender ��r it, agent may�make rrs+on•rble entrie+upun and impection+of the Pmperc}•. Lender sh�ill give , ;;, ;
<br /> Borroaer nutice at[he time uf ur prior to an in,pectian�pecifying reau�nable cau+e fur the in.pecnon. �__
<br /> 10. Condemnatton. The proceeds uf any a�vurd or claim tor�m:�ca.direc� �t ���e�luential. in connection with any , , ° � ��
<br /> �undemnation or other talcin� of any part uf the Pmperty. or for conveyance in lieu uf rundemnation,are hereby assigned and ��
<br /> ,hall 6e paid to l.ender. - • .
<br /> In the event of a tatal taking u(the Property.the ptoceeds�hall be apRlied t��the�ums secured by this Security lnstrument, , .. ,
<br />� -- whether or not then Jur. �vith any excc�ss gaid to Borrower. [n the event of a panial taking of the Property in which the fair __
<br /> marEcet val�e of the PropercY �mmed�ately before the taking is equal to or greater than [he amoun[ of the sums secured by this
<br /> ' Security Ir►�tnunent immediately before the taking,unless Borrower and Lender oiherwise agree in writiag,the sums secured by
<br /> t this Security Instmment shall be reduced by the amount of the proseeds multiplied by the following fraction: la) the total ,
<br /> • amount of the sums secured immediately before the taking. divided by (b) the fair market value of the Property immediately ;'',�r�, : .�.:_.;.�-. �
<br /> before the taking. Any balance shal) be paid ta Barrower. [n the event of a panial taking of the Property in�vhich the fair __= ,...��Y�_Y„��. �
<br /> ��.�r' market value of the Property immediately before the tal•ing is less ihan che amount of che sums secured immediately before the ,:�� ,V, ..�
<br /> �..` taking,unless Borrower and Lender atherwise agree in writing or unless applicable law otherwise provides, the proceeds sha11 _ ' .. ��:;
<br /> �-;�,�t-.
<br /> ' be applied to the sums secured by this Securiry Instrument wheiher or not the sums are then due. ;.:�,�„ .,._:V, ,_��'`�
<br />� � If[he Property is abandoned by Borrou•er,or if,after notice by Lender to Borrower that the condemnar offers to make an �_�,�;�:-°�,-.-;..
<br /> , ��.--�,�.
<br />' award or setde a claim for damages. Borrower fails to respond to Lende: within 30 days after the date the noiice is given. ';�'��°'`'t _.,
<br /> �`�"`� Lender is authorized to wllect and apply the proceeds.at its option,either to restoration or repair of the Property or to the sums �`rl��•�•� �� ��
<br /> .'`""tF'i, k,• '••..�,..r__�
<br /> secured hy this Securitv Instrument,whether or not then due. .> ,�
<br /> �.��^.�,` ?�f ,•. .:. ��.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds ta principal shall not extend or - f: ,��`� `^ �
<br />' ,'f��� postpone the due date of the monthly payments refeaed to in paragraphs 1 and 2 or chdnge the a.."tount of such payments. � '`'.��`,�_ �.E�-- ," �f�:
<br /> "'.�. .�`.�_ •>.�-��.' �
<br /> ��` 11. Borrower Not Reteased;Forbearance Sy Lender Not a Waiver.Factension of the time for payment ar modification — ..-�.
<br />�,-.rr��� ',.��:.• .
<br />��'f<<' of amortization of the sums secured by this Security Instrument granted by i.ender to any successor in interesc of Borrower shall ,, ,�.,.►y.-..:�;r.�w-,.:
<br />'`;�'E. not operate to release the liabiliry of the original Borrower or Borrower's successors in interest. Lender shall not be required to , >:,.,;_�
<br /> : .-�• ';_:;
<br />" . commence proceedings againsi an}successor in interest or refi�se to extend rime for paymem or otherwise modify arnonization . �•.:`-��$ ,.ti
<br /> �=� i-,-
<br /> � of the sums secured by thw Security Instrument by reason of any demand made by the original Borrower or Borrower's , �_. �4�..:� . �._ �
<br /> " � successors in interest. Auy fcfiearance by Lender in exercising any right or reme�y shall not be a waiver of or preclude the ��:�•,""�`�''�:��,
<br /> �F% , �< Y i1_
<br /> ��• � execcise of any right or re:rr�i}. " z�:
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<br /> ""y,".- 12. �ur.�-�ssors and .�slgns E�u�;]oint and 5eve�sl LL�i�Ity, Co-signers. The covenants and agreemenu af this '��4 •� �,R.,o,F.i,, ;��.;r�
<br />�-•:'.�£"�_�� / �i_'S.+ y ^�
<br /> .��r - Security Ii�i:e°..ent �hail bind and be:.�ttee successe*s sid =�s�.0 of Lender and Borro�::. subject to the provisions of �,c:,: '`'��
<br /> . Paragraph i'. Borrower's covenants an�i agreemen� s��l be ;+��n: and several. Any Busot���. who co-signs this Security ' � .��.-: . .
<br /> ' �.-�strument but does not execute the Note: (a) is ca-s��:n�this Security Instrument only to ma:tgage,grant and convey that �' . •;, : :�,.x_
<br /> Borrower"s interest in the Property unde*the terms c�:.:is Security Instrument: (b)is no t perso:b:l l y o b l i g�.:�,°d t o p a y t h e s w n s '�,c.:r: "�r-� ,;s ,,._
<br /> .. ��
<br /> ,�,�, ,. secuted by this Security Inswment:and:!�.)agrees that Lender and any other Borrower may agu to eatend,modify,forbear or =
<br /> ::�r: make any aaommodations with regard ta the terms of this Security Instrument or the Note wi�o;u that Borrower's consent. '• �-• �`ar�
<br /> F ',
<br /> . i....�._. ...
<br /> � 13. Loan Charges. If the loan secured by this Security Inswment is subjed to a law wh:�h sets maximum laan charges. ��,�;��"'"`,4 •_
<br /> and ttiat law is finally inter�.�seted so that the interest or other loan charges collected or to be collected in cannection with We �,�,,•� -.
<br /> . �''e_
<br /> � loan excced the permitted limiu, then: (al any such loan charge shall be reduced by the amount necessary to reduce the charge _ _ :;,�,II;:;:_-__
<br /> ` . to the permitted timit:and (b)any su�G�'ready collected from Barrower Khich exceeded permitted limits will be sefunded to ;: � A�,;�
<br /> �T'•'�� Borrower. Lender may chaose to mat+� L.is refund by reducing the principal owed undee�s Note or by making a diract ,�,....�;
<br /> _ payment to Borrower. If a refund rec�ces principal, the reduction will be treated as a �rtial prepayment withoet �.ssy •�=s�,;{4�..'°:" _
<br /> prepayment charge under the Note. rn'=��' ""��"'� �.
<br /> 14. Not'tces.Any notice to Borrower provided`�:in this Security Instmment shall be given by delivering it or hy mailing � ���-��_`
<br /> it by first class mail unless applicable l�:.N requires use of another methad. The notice shall be direaed to the Property Address .: T _
<br /> • or airy other address Borrower desipr._�s by notice to Lender. Any notice to Lender shr16 be given by first class mail to � ._.
<br /> �,��'� Lender's address stated herein or any u:.`,:r address Lender designates by notice to Borrow:r. Any notise provided for in this _ �-°_' _
<br /> Security Instrument shall6e deemed ta!�.:zse been giti en to Borrower ar Lender when given as provided in this paragraph. �:.:: ..�'.- ,--
<br /> 15. Governtng La«; SevecaL�ificR�. This Se�r..ry Instrument shall be go��erned by federal law and the law of the ,.•�,�; ••.'°� _
<br /> . � jurisdiction?n which the Property is 1�:�:�c:d. In die e�ent that any provision or clause of this Security Instrument or the Note - =�� '�=
<br /> n .t.a y•
<br /> . conflicts�r�l?applicable law,such cor,�T..:z s'�all net�ffect other provisions of this Security Icstrument or the Note which c�n be .. :;;?�,;�. __
<br /> � given effea-�xithout the conflicting p:a���:an. To iltLS end the provisions of this Security Instrument and the Note are declared ;�;�};}t' --
<br /> �;,...,.��,.
<br /> ' to be severable. �t;l;sti�o�'r�.� .
<br /> r+'.�;,:,�;. ..
<br /> .. 16. Borrower's Copy.Borrower shal!be gi�en one conformed copy of the tiote and of this Security Instniment. . _Yt.`�.^s
<br /> . . Form 3028 9190 `: i�ry;;.� , ; �::�-
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