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<br /> � paymcnts muv nn longcr bc reyuireJ, at the c�ption of I.cnder. if mc�rtguge insurancc cuvcragc(in thc umuuiu unJ for the periud .�;.;,,�;�.
<br /> that Lcndcr requires)provided by an insurcr upprovcd by Lender uguin becomcs uvuii�ble und ix uhtaincd.Barrowcr tihull puy ._ ;:
<br /> the prcmimns rcquired tn maintain mortgage insurance in effect,or to provide u lo+s rescrvc,until thc rcquircmcnt for mortgug�
<br /> '<-•',��:
<br /> '" insurunce ends in uccordance with uny written abrcement between Borrower und C.endrr or applicablc luw. _Yt:__
<br /> � 9. Inspection. [.c:ndcr or its agent may muke reasonublc cntries upcm and inspections of thc Propeny. I.cndet shall gi� ,,,,,��a.^
<br /> �' Barrower notice ut the time of or priar to un inspc�tiun+pecifying rcasonable cause fnr thc in�pection. � _
<br /> ,,,,,.w.+�' 10. Candemnation.Thc procceds c�f any nward or claim for damagcs, direct or rcroscqucntiul, in ronnection with any� _-
<br /> ����- '� condemnution or other taking of any part of the Property. or for conveyunce in lieu of condemnution,urchereby utisigned and� ,;;`�—
<br /> � � rhall be paid to Lender. �`°�
<br /> .� '``_
<br /> , � In the event af a total taking of thc Propctty,thc procceds shull bc applied to the tiums tiecured by this Security Instrumcnt.
<br /> • whether or not then due,with any excess pxid to Borrower. In the event of a purtiul taking of the Propeny in which the fuir •;`
<br /> market valuc of thc Property immediately before th�tuking is cqual to or greater than the umount of the wms sccureci by this �_.` _ _
<br /> . :i i Securit y Instrument immeciiately before the taking, unless Barrower and I.ender otherwise agree in writing,ihe sums secureci by �4,
<br /> �:; this Security Instrument shall bc reduced by t he nmoun t o f t h e p r a c e e d s m u l t i p l i e d b y t h e f o l l o w i n� (raction: (a) the total
<br /> ;';' amount of the sums secureJ immediately before the taking, divided by (b) the fair market value uf the Property immeciiately
<br /> before the tuking. Any bnlance shall be paid to Bonowcr. In thc cvent of a purtial tuking c,f the Propeny in which the fair �=,-_
<br /> � mnrket vnlue of the Property immediately before the tuking is Icss than thc amount of the sums sccured immediately beforc the �-
<br /> taking, unless Borr�wer anci Lender otherwise agree in writing or unless applicable law otherwise provida, the proceeds shAll _
<br /> be upplied to the sums secured by this Security Instrument whether or not the sums are theu Jue. _
<br /> If the Property is abandoned by Borrawer,or if,after notice by L.cnder to Banower that the condernnor offers to make an
<br /> .� award or settic a claim for damages, Borrowcr Fails to respond to Lender within 30 days after thc date the noticc is given, �
<br /> Lender is authorized to collect and apply the prcxeeds,at its optian,either to restoratian or repair of the Property or to the sums
<br /> � secured by this Security Instrument, whether or not then due.
<br /> Unlcss I.ender and Barrawer otherwise agree in writing. any application of proceecis to principal shell not extend or
<br /> postpone the due dute of the monthly payments refc;rreci to in paragruphs I and 2 or change the umount of snch payments.
<br /> �• i l.Borro�ver Not Released;Forbearance By Lender Not a Watver.Extension of the time for payment or modification
<br /> of amortization of the sums secured by this Security Instrument granted by I.ender to any successor in interest af Bonower shall
<br /> not operate ta release the liability of the original Borrower ar Borrawer's successors in interest. I.endcr s�all not be required to
<br /> - �__—:__- commence pmceedines against any successor in interest or rcfuse to extend time for payment or otherwiscmodify amortization
<br /> � of the sums secured by this Security Instrument by reason ot any demand macic 'vy ii:� arig:na! Barto:��er Qr Borr�We�'�
<br /> � succestiors in interest. Any forbearance by i.ender in exercising any right or remedy shall not be a waiver of or preclude the
<br />- ' exercise of any right or remedy.
<br /> � 12. Successors and Assigns Bound;Joint and Several Liabiltty; Co-signers. The covenants apd agreements of this
<br /> Security Instrument shall bind and bene�t the successors and assigns of Lende� and Borrower, subjed to the provisions of
<br /> paragraph l7. Borrower'ti covenants und agreements shall be joint and several. Any Borrower who ro-signs this Security
<br /> " '`" Instrument but does not execute the Note: (a) is ca-signing this �ecurity Instrument only to mortgegc.grant and convey that
<br />� Borrower's interest in thc Propeny under the terms oF this Security Instrument;(b) is not personally obligated to puy the sums
<br /> . ,, secured by this Security Instrument;and(c)agrees that Lender and any other Borcower may agree to extend, modify, forbear or
<br /> : make any accommodations with regard to the terms of this Security Instrument or the Note without that Barower's consent.
<br /> '' ` • 13.Loan Charges. If the loan secured by this Sc:curity Instrument is subject to u law which sets ma�c imum loan charges.
<br />-' � ' ' and that law is finally interpreted so that the interest or other loan charge<��ilected or to be collecteci in connection with the
<br /> � loan exceed the permined limits,thcn, (a)any surh luan cliargc shall 6e re�uced by the amount necessary to redu¢e the charge
<br /> to the permitted limit:and(b) uny sums already collected from Barrower which excecded permitted linr�s will bc refunded to
<br /> Borrower. Lcnder may choose to makc this ref'und by reducing the principul owed under the Notc or by making a direct
<br />; ' payment to Borrower. If a refund reciuces principal, the n:ductinn will be treated as a partial prepayment without any
<br /> ` prepaymcnt charge undcr the Note.
<br />�.r. � s � 14.Notices. Any noticc to Borrower provided for in this Security Instrumcnt sliall be givcn by dclivering it or by mailing __
<br /> . : � it by tirst clxss mail unless upplicable law reyuires use of another mcthod.The notice shall be directed to the Property Address
<br /> � or any other aJdress 6orrower designutes by notice to Lender. Any notice to Lender shall be given by tirst class mail to
<br /> • r Lender's address stated hcrein or uny othcr addres�Lender dcsignatcs by notice to Borrower. Any notice providcd for in this �
<br /> • Security Instrument sh•rll bc dcemcd to havc becn given to Borrowcr or I.cnder when givcn as providcd in�his puragruph.
<br /> I5. Governtn� Lu�v; Severability. This Security Instrument shall be govcmcd by federal IB�Y and the law of the __��
<br /> jurisdiction in which the Pruperty is located. In the event that uny provisian or clause of this Security Instrument or the Note �,�'_�
<br /> �onflicts with applicable law. ,unc�unflict+hall not atTect uther provisiuns uf this Security Instru�nent orthe Note whieh ean be =
<br /> given effert without the cuntlicting provision,To this end the provisiom of thir Security Instrununt ui�l the Note are declared
<br /> to bc scvcrahlc.
<br /> 16. Borrmver's Copv. Burmwer shall hc given unc ronfonned copy uf the Notc and uf this Sccurily I nstrumenL
<br /> Form 3028 9190
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