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<br />- , t• payrncnts may no longcr bc requircd,nt thc nptian of Lend�r, if mongage insurancc covcragc lin thc amciunt und for thc puriod
<br /> :1�� thut I.ender requires)pravi de d by an inwrer u p pruvcci b y (�:nder aguin bccomes uvuiluble and is obtained. Borrower+hall pay
<br /> ' thc premiums rcyuircd to muintuin mortgugc insuruncc in cffcct.ur to providc u loss rescrvc,until thc rcyuircment for morcguge
<br /> ' S insuranre ends in accardance with uny written agreemcnt hctw�en acirmwer und I.ender ur appli�'ab�r�a�+'• �O _
<br /> � 9. InspecNon. L.enJer or it+ ugent may makc rca�onabl�entrics upcm iuid inspcctiun�uf the Praperty. Lender+hall �ive00 �
<br /> . 9orrowcr noticc at thc timc of or prior ta un inspcctiim tipcciPying rca+onublc cuusc for thc inxpcctii�n. ��
<br /> � 10. Condemnutton. The proceeds of uny iiwurd c►nitluim for dumug��s, direct ��r cnnseyuential, in ronnectiun with any ,,.. _
<br /> ,� condemnatian or othcr tuking of uny pan of thc Property.or for convcyuncc in licu of conJcmnuti�m, arc hcrcby ussigncd nnd� _
<br /> shall he pnid to L�ndcr.
<br /> �„; r• I In thc evcnt of u total tuking of the Pmperty. IhC p�ucccds sltull be upplicd to thc+ums tie�urul bY thi>.Sccuriry lnstn�ment,� �
<br /> - • �-� �� whether or not then due, with any exccss puid to Borrowcr. In thc event of a partiul tuking of che Properry in which the fuir;,�
<br /> market vulue of the Property inimediately before the takin�; is cqual to ur greuter than the umount of thc sums secured by this
<br />_�;, „ Secunty Instrument immeciiately before�he taking, unless Borrower unJ l.ender otherwise ugree in writing,the sums secured by
<br /> this Security Instrument shall be reduced by the umount of' the praceeds multiplied by the following fraction: (u) the total
<br /> }� amount of the sums secured immediatcly before the taking, divided hy (b) thc fuir market value of thc Property immediately
<br /> • } before tha taking. Any balance shall be paid to Borrower. In the cvent of a panial tuking of the Praperty in which the fnir _
<br />� • markct value of the Property immediatcly beforc thc taking is less than thc amount of the sums secured immediately before the
<br />_ ' � talcing, unless Borrawer and Lender otherwise agrce in writing or unless applicublc luw otherwise provides, the proceeds shall
<br /> , be applied to the sums secured by this Security lnstrument whether or not the sums;ue then due.
<br /> Z If the Property is abandoned by Borcower,or if,after itotice by i.ender to Borrowcr that thc wndemnor affers to make un
<br /> award or settle a claim for duma�es. Horrower fuils to respond to L.ender within 30 duys after the dnte the notice is given,
<br /> - Lender i,authorized to collect and appl}�the proceeds,�►t its option,either to restorntion or repair of the Property or to the sums
<br /> �� secured by this Security Instrument,whether or nat then ciue.
<br /> Unless Lender and Bonower otherwise agree in writing, any application of proccecis to principal shall not extcnd or
<br />� . postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the umount of such payments.
<br /> - 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modificution
<br /> of umortiration of the sums secured by this Security Instrument granted by L.ender to any successor in interest of Borrower shall
<br /> � not operate to relensc the liability of thc original Bonower or Bonower's successors in intcrest. Lender shall not Ue rcquired to
<br /> - commence proceedings against uny successor in interest or refuse to extend time for payment or otherN�ise modify amorti�a,ciun
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrawer or Borrower's
<br /> successors in interest. Any forbearnnce by Lender in exercising any right or remedy shall nat be u waiver of or preclude the
<br />- 'M exercisc of any right or remedy.
<br />_ --- i�. �urr�•.�s'� snd ;�1�� RQ�n�t; .ioint and Several LlabiUty; Co-signers. The covenants And agreements of this
<br /> s•,
<br /> Security Instrument shall bind and benet"it the successors and assigns of Lender and Borrower, sub�cct to the provi+iva� o
<br /> � * paragraph 1'7. Bonower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> Instn�ment but does not execute the Note: (u) is co-signing this Security Instrument only to mortgage, grant and convey that
<br />°-,"`` Borrowcr's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> z:.,` secured by this Security Instrument; and(c)ugrees that Lender and any other Hormwer may a�ree to extend, modify,forbear or
<br /> T:... , malce any�ccommodations with regurd to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> - 13. Loan Char�es.If the loun �ecured by this Security Instrument is subject to a law which sets maximum loan charges,
<br />-�,: .,�, and that law is finully interpreted so that the interest or other loan efiurges collected or to be collected in conne�:tion with the
<br /> ' loun exceed the permittefl limits, then:(a)any such loan charge shall be reduccd by the amount necessary to reduce the charge
<br /> � '""'� to the Fermitted limit; and (b)any sums already collected from Borrower which exceedcd permitted limits will be refunded to
<br />�`'��,c':, �• Sorrower. Lender may choose to rnake this refund by reducing the principal owed under the Note or by making u direct
<br />-"a-••��`�Y�3 puyment to Borrower. If a refund reciuces principal, the reduction will be treated as a partinl prepuyment withaut any
<br /> ��`��T� �'� prcpayment charge under the Note.
<br /> w�f�� � �'"` � 14.Nottces.Any notice to Borrower provided far in this Security Instrument shall be �iven by delivering it or by mniling
<br /> ;•' it by first class mail unless applicable law requires use of anothcr method. The notic�shall be directed to the Propeny Address
<br />_ ' or any other address Borro�ver dcsignatcs by noticc to L.ender. Any notice to LenJcr shall be given by first clAss mail to
<br /> t� ;;� Lendcr's address stated herein or any othcr uddress L.ender designates by notice to Borrowcr. Any notice provid�,,.for in this
<br /> Security Instrument shuU be deemed to havc br.en given to Borr�wer or Lender whcn given as provided in ttiis paragraph.
<br /> -__ �,,�_... n� 15. Governtn� Law; Severa6111ty. This Security lnstrument shall bc govcrned by fcderal law and thc la•N of the
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<br /> ,jurisdiction in which the Property is lorated. In the evcnt thut any provision or cla�ise of this Sccurity Instrument or the Note
<br /> - � conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrumcnt or thc Note which can be
<br /> � . ;.
<br />- ' g ' given effect without the conflicting provision. To this end the provisions of this Security In�trument and the Note ure declared
<br /> '� to bc severablc.
<br /> - 16. Borrower's Copy.Borrower shall be given one confnrmal copy of the Note and c�f this Security Instrument.
<br />_ `
<br /> Form 3028 9190
<br /> Pago a oi 6
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