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<br /> � n er be at thc o rion of L.ender,if mortgage insurauce covcrage(m the amount and for[hs period � '�4
<br /> � payments may no lo g mquued, P . . ." . a
<br /> �yt��r�q�ir��provided by an insurer approved by L,ender again becomes available and is obtained.Borrower shall pay the
<br /> � pr�miums required to maintain mortgage insurance in effect,or w proeidc a loss reserve,until the requiremen[for martgage
<br /> , j insuzance ends in accordance with any written agreement beiween Borrower and Lender or applicable law. `' ' --
<br /> � 9.Inspection. Lendea or iis agent may make reasonable entries upoa and inspecrions of the Property.Lender shall give , •�_ ,�..�,
<br /> ._; Borrower notice at the time of or prior w an inspection sRecifYu►g reasonable cause for t he inspectian. • � � _
<br /> i 10.Condemna6on. 'i�e proceeds of any award or claim for d�ges, direct or conseituential, in connecaon with any , -- - _- ---• .—
<br /> � condem�ation or o�:er taking of any part of the Property,or fnr cnnveyance in lieu of condemnation,are hereby assig,red and � � „ - _
<br /> s�all6e:�iw�Lender. . ; . ��;�,
<br /> Yn:t{a��.t cf a�ial tatang of the Property,ths procee�shai�be applied to the sums secured by this Securiry 1ns¢-..�.ent, ,
<br /> w.*.e�iar x not���s,with any excess paid to Borrowes.In�e event of a partial taldng of t�e Prapeaty in which t�e faa market • .
<br /> � ���ri�a Property immediatcly before the taking is equal m or greater than the amount of the sums secured by this Security , • � • .4; • _,
<br /> ' Insm�maus immediately before the taking, anless Borrower and I.endea otherwise agree in writing>the sums secured by tbis ' ,,,;,,,�,,;• �� ,z
<br /> gepuitjr IUStrument shall be reduced by the amount of the ptoceeds mulaplied by the following fraction:(a)the Wtal amount of , ,
<br /> , the sua�s secured 'unmediataly before the taldng, divided by @)the fair market value of the Pcoperty immediately before the , ;., :.-.�.r�.
<br /> taking.pny balance sliall be paid tn Borrower.lrt Ihe event of a partial tak'sng of the Property in which the tair market value of the . .• �_�
<br /> Pmpertyr immediatcly beforc the talcing is leas than the amount of the sums sccured i¢nmediatety before the t�king� unless . �� �;:::..�r : -
<br /> � Boirower and Lertder otlierwisc agree in v�riting or unless applicabic.law othcrwisc provides.Ute prococds shstU bc applied to the � :.,,�
<br /> sums secured by this Securiry Inswmcnt whclher or not the sums arc then duc. , .;���"�_.—
<br /> ?..... .:—
<br /> If the Ptopcny is ahar►doned by Borrawer,or if.aft�r noitce by Lender to Barrow�r that the candemnar offers w maka an , ,. ...'ts�:
<br /> award or seute a claim[or damages.Bonower faile to respond to Lender within 30 days after�he date�he natice i�given,Lender :, ��
<br /> � is authorfzctl to callcct aad npply the pmcec�s,at its option,cither to reswraUon or rcpair of the Property or to the sums secured .. : . ;=�
<br /> � by thls Securiry Inswment,whc�t►cr or not then due. . , — ___
<br /> �� Unless I.ender and Borrowcr otherwise agree in writing,any application of procceds to pdncipal shall not e�ctend or postpone . _ � ���
<br /> the due datc of the monthly payments ceferred to in paragraPhs 1 and 2 or change the amount of such payments. � . • . � —°
<br /> � � 11.Bo�rawer Not Rekased:Forbeasance By Lender Not a Waiwer. Eatension of the turte for payment or modificaqon • �'� `'�^r
<br /> ' Instrument ted b Lender to any successor in interest of Horrowea shall .,, �.. ,� .�—
<br /> of arao�on of the sums secured by t1us Secunty g� Y . .,:.� +,: � ..
<br /> not operaee to release the liability of the original Bonower or Bo�owes's successors in inte�st.Lender shall not be required tn _ � ;. { ,_
<br /> commence proce�dings against auy successor in interess or refuse to extend ame for payment or otherwise modify amarr�ation of ,. ��:, --
<br /> •' the sums secured by this Security Instnunent by reason of any demand made by the original Sorrower or Borrower's s�ssors �° �:,;`I•�
<br /> � in intrrest Any forbearance by Lender in eace�ising anY right or remedy shall not be a waiver of or preclude the eae�ise of any � .'_.�. ��yp. �
<br /> . (,ff- .;� .
<br /> Iight Qi[CIIICdy. . �. ::
<br /> � IZ,Saccessors and Assigns Bouad;Joint and 5evera1 Lia6�ity; Co-signQrs. 'Ihe covenants and agreeu�ents of this k_. "�;
<br /> ., gecurity Insuument sQall bind and beneSt the successuis and assigns of Lender and Boirower, subject to the pr��ons of '��'� .:;E�: .
<br /> .�,_,
<br /> .�:_ t..
<br /> '-- F��Pb 17. Bomawer's covenants and agreements s L a ll be jaint and several. An y Borrowea who co-sigas this Security _;#��'-;:. , .
<br /> Ins�ument but does not execute the Note: (a)is co-siSning this Securiry Instnunenc onJy to mortga�e,�ant and convey that -: �� ,r
<br /> . Baaanu's uste�es[in the Prope�ty undea the teams of t,5is 5acuriry Insuument;(b)is not personally Q��.�.*.ed w pay the sums � .,•. �-���.:=
<br /> � se��'�y this Secasity Insuumen�and(c)agrees that Le�G�and any other Borrower may ag�ee w ea�te.nd,modify,f.rbear or '. -�-, ,:�.-----
<br /> . , , matce aay accoms�acSauons aith regard to the tesms of this Se�:�Instrument or the Note without that Borrower's cc�-.�. �'�`-=-. ��--
<br /> 13.Loan C�aa;as. If th�loan secured by this Seauiry�rs:.ament is subject W a law whicA sets maaimum ic�:.-'�ges. �,;� --�--- - � --
<br /> . and that law is finalty jnterpreted so that the interest or othed loa-�c'narges atE�xted ar to be colleeted in connection with the loan -----�
<br /> °�. :•.
<br /> � eacceed the pe�miued limits.then:(a)ar►Y sucd loan charge shzII be reduced by the amount neces.4ary ta�e.�iuce tbe chazge tn the ` -'''-"�.
<br /> ,.�,.
<br /> _ .I pe.rmiUed limit;and(b)any sums already collecxed from Borm�°w which exceeded permiued limits will be refunded to Borrower. �.::,�;� ,.:�
<br /> Lender may choose to make this refund by reduculg the�-ipal owed under the Note or by maldc3 a direct payment to . ;y�;,,�,_,��
<br /> Borrower.If a refund reduces principal, the reduction will be aeated as a paroal prepayment withaat s��grepayment charge �:�� �.�.:.
<br /> . nndea the Note. ±��si•`' �
<br /> 14.IVotFces. Any notice to Boaower pmvi�:C for in t�.s Security Inswment shall be given by deS:�c�g it or by mailing it ..�� "'"��7"
<br /> � by first class mail untess applicable law requires use of ar.c�•�7�:aethod.'Ihe notice shall be directed w the Propeaty Address or .`��-Trn� �'—":
<br /> ,,_,.
<br /> any othea address Borrower d�ignates by no6ce to L.endea:��v notice w Lender shall t�given by fust class mail to L�ender's .'.���•:�--��-,-„�,,;
<br /> � addmss stated heaein or any other address Lender designa:�by notice to�arrower.My notice provided for in this Sec�uity _, _ __
<br /> Insttusnent shall be deemed w have been givcn t�B�:rower ar Lender when given as providcd in this paragraph. • . . ;;,�.,,~
<br /> . IS.Governing Law;Severability. 'Itiis S�ry Ins�umem shall be govemed by federal law and the law of the .,:��:�_`,::«s'��=;-� !'
<br /> jurisdicdon ln whieh ihe Pcoperty is located.ln tti�event that any provision or clause of this Securlty Instrument or the Note , .;;;�.� ___
<br /> conflicts with applicablC 1aw,such wnflict shall not affect other provisions of this Security Inswment or the Note which r�an be ;�;�i;':._� .
<br />� �ven effect without ths conflicting provision.To this end the provisions oE this Security Insaument and the Note are declared to �'"•� .
<br /> be severable. . � �';,:.
<br /> � Form 8U28 9190 � . ' • �
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