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<br /> ' payments may no longcr bc requircd,uc thc apcion Uf Lendcr, if mongagc insurancc cavcragc(in thc amounc an or thc penod ; .
<br /> �hat Lendcr requires) providcd by:u�insurcr approvcd by l.i:ndcr again 6ccomes availahlc and is obtaincd. Bonawcr sh111 pay
<br /> thc premiums required to rnaintain mongage insur.�+ncc in effcct,or to provide a loss r�ycrvc, until thc reyuirer►tent for mortgage _
<br /> insura�ue ends in accordlnce with a�iy written agreement be[wecn Borrower;uut Lender or applicable law.
<br /> 9. Inspectlon. Lcndcr or its agcnt mAy make rea5onablc cntrics upon and inspcctians of thc Property, Lendcr shall give ,. _
<br /> Bonowcr noticc at thc umc of or prior to an inspcction spccifying rcasonablc causc Car thc inspcction.
<br /> I 10. Condemnation. The proceeds uf any uward or claim for damages, direct or consequential, in connection with any -
<br /> 3 condemnation or o►her�aking of any part of thc Property, or for conveyance in licu of a�ndemnation,are hereby assigncd and
<br /> shall be paid to L.ender. ,.
<br /> In the evcnt of a total taking of the Property, thc praceeds shall bc applicd to thc sums securcd by this Sccurity Instrument, ,,.
<br /> � •� u�hether or not then duc, with any excess paid to Borrower. In thc cvent of�partial taking of tbc Property in which the fair ;����
<br /> � � market value of the Propeny immediately before thc taking is equal to or grcater than thc amount of the sums secured by this ,,_�., �` -�,��r%-
<br /> � Security Instrumer�t icnmediately before the taking,unless Borrower and Lender atherwise agrce in writing,the sums secured by
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<br /> I this Sccuriry Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total � ; �,,,p,;:,r,�:t,•.
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<br /> amount of chc sums sccured immediately beforc [he taking, dividcd by(b)thc tair market valuc of the Property Immediately � � •.°_ _—""`_
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<br /> befare the taking. Any balance shall be paid to Borrower. In the event of a arcial takin of the Pro rty in which the fair . ,:: —
<br /> market value of the Propeny immediately befare the taking is less than the amount of the sums secured immediately before the . _' ,__
<br /> ' caking, unless Bonower and I.ender otherwise agree in writing or unless applicable law otherwisc provides, the proceeds shall
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<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due. ;.���:.
<br /> � If the Properry is abandoned by Bonower, or if,after notice by Lender to Bonower that the condemnor offers to make an . .r����_
<br /> award or settle a claim for.iamages, Borrower fails to respond to Lender within 30 days after the date the notice is given, '`:�qr-
<br /> � i.ender is authurized ro callect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums ,., �`u
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<br /> . secured by this Security Instrument,whether or not then due. a l�cation of roceeds to rincf al shall not extsnd or '`:s'�-^�
<br /> Unless l.ender and Borrower otherwise agree in writing, any pp ' P p p •
<br /> � � � postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> y � 11.Borrower Not Released;Forbearence By Lender Nut a Waiver. Extension of the dme for payment or modification '�;�
<br /> ,.�� of amortization of the surns secured by this Securicy Instrument granted by I.ender to any successor in interest of Bonower shall ,�a`,�
<br /> (��� not operate to release the liabiliry of thc original Bonower or Bonower's successors in interest. Lender shall not be required ta 1,;; .�.
<br /> '�' commence proceedings agains[any successor in interest or refuse to extend time for payment or othernise modify amortizacion ;.a;�':�
<br /> : � of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's ;�kV
<br /> successo*s in interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the ;�,_
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<br /> 12. Successors und Assigns Bound; Joint nnd Severai Liabll(ty; Co-signers. �1'he covenams and ag�rer,ienis af thi� .,__
<br /> ` Security Instrument shall bind and benefit the successors and assigns of Lender and Bonower, subject to the provisions of �LM1;
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<br /> ��'� paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Bonower who co-signs this Security l.
<br /> Instrument but dces not execute the Note: (a) is co-signing this Securiry Instrument only ro mortgage, grant and convey that ;L_-
<br /> � Bonower's intPrest in the Property under the terms of this Sccuriry Instrument; (b)is not persunally obligated to pay the sums ��;-
<br /> : � secured by this Security instrument;and(c)agrees that Lender and any other Borrower may agcee to eatend, modlfy,forbeaz or �
<br /> make any accommadations with regard to the terms of this Securfry Instcument or the Note without that Borrower's eonsent. �:
<br /> �, 13.Loan Charges.If the loan secured by thts Securiry Instrument is subject to a law which sets maxlmum loan charges,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> �� loan exceed the permitte�i limits, then: (a)any such loan chazge shall be reduced by rhe amount necessary to reduce the charge
<br /> [o the permitted limir and (b)any sums already collected from Borrower which exceeded permitted limits wlll be refunded to _ __
<br /> � Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dlrect
<br /> �`� payment to Borrower. If a refund reduces principal, the reduction will Ue treated as a paztial prepayment without any
<br /> �= prepayment charge under the Note. ___._
<br /> * 14.Notices.Any notice to Bonower provided for in[his Security Instrument shall be given by delivering it or by mailing _
<br /> � 3 it by first class mail unless applicable law requires use of another method.The notice shall be directect tu the Properry Address �
<br /> or any other address Borrower designates by notice to Lender. Any notice [o Lendcr shall be givcn by first class mail to __ "_f
<br /> � � Lender's address stated herein or any other address Lender designaees by notice to Borrower. Any notice provided for in this �
<br /> r i Securiry Instrument shall be deemed to have been given to Borcower or Lender when given as provided in this paragraph. _
<br /> � • + � I5.GovRrnin� Law; Sever�bility. This Security Instrument shall be governed by fedcral law and the law of the �
<br /> � %l jurisdiction in which the Property is located. In the event chat any provision or clause of this Security Instrument or the Note ._�L<<
<br /> 'i conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be „ �y�
<br /> •I given effect wichout the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared ��y,N y ��S ,
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<br /> � to be severablc. y�� �
<br /> • 16.Borrower's Copy.Borrower shall be�iven one conformed copy of the Note and of this Security Instrument. �' . ����e;,:.
<br /> . ' Form 3028 9I90 •. ' ' ;"'' .
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