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<br /> , payments may no tonger be require�d.at the option of L.ender.if mortgage ins�uance coverage(in th�amount and for the period � `���
<br /> :� that Lender mquues?PTOVided by an insurer approved by Lerc�er again 6ecomes availab2e and is obtained.Borrower shall pay the . f`-,�
<br /> pmaniums required to maintain mortgage insuraaice in cffect,or to provide a loss reseive.until the reqnim.ment for mortgage f �''
<br /> .`� insurance ends in as�cordance with any written agrecment betweea Bosrower and Leuder ar applicable law. �. . -_
<br />= .� 9.lfmspe�on. Lendea or iu agent rnay make reasonable entries upon and inspections of the Property Lender shall givc � � ,j�
<br /> Borrower nouce at the time of ar prior ro an inspc�ction spe�cifying reasona6:e cause for the inspection. � ,
<br /> 10.Condemnation. Zl►e proceeds of any award or ckaim for darnsges,d'ucct ar consequcntial, in connection v�ith anY E._ •• . _ __—
<br /> � condemnaion or other taking of any part of the Propeary.or for wnveyance in Geu of condemnation.are hereby assegned and . .
<br /> �-.�
<br /> sh�ll be paid tn I.ender. ; . ' � �'$
<br /> � In tha event of a total taking of the Property,the proceeds shall be applied w the sums secured by this Securiry Instrumeat,
<br /> whether or Qoi then due.with any excess paid w Borrower.In the event of a partial taking of the Propeaty in which the fair marlcet ',,-�
<br /> vaiue of the Pmpenty iminediarcly before ttee taking is eqnal tn or greater than the amount of the sums sec�ued by this Securiry ��`�=�,� � �
<br /> • grea r
<br /> ' Instrumeat unmediately befote the taka�g, �u►less Bamnwer and Lender atherwise ag�ee in wreting, the stuns secured by ihis .. � '�`;.�';;,",
<br /> .� � Seauity Inswment shaall t:e reduced by t�e amount of the piaceeds m�ltiplied by the foilowing fraction:(a)the wtal amount of � . • �---_
<br /> ` die sums sec�ued inuaediarslY befora the taking, divided by N) the fair maiket value of the Property immediately before the t ... ' .::,+�`-'�'_�:•
<br /> .. ' tal�tg.pny 6a]ance shall be paid to Bonowet tn the eveat of a pariial talcing of the Propeity in wbich the fair mattcet value of the �t .-:'-- l'-'F�-_
<br /> ,'. � Property immediiarety before t6e ta�dng is less tban the amount of the sums seaued ir�m��+?fPly 6efare the�ng, unless !' '
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<br /> :., 3 Boirowea and Leader otherwise agree in wrining or anless applicahle law otherwise provides,the proceeds shall be applied to the �- ;��-..—.;.� ,.
<br /> - - s�ms sec�ued by tbis Sea�rity Instrnment wheth�or not the sums are then due. . .," � -.�,�°+�'�.�
<br /> : � •�r=.•
<br /> � ff We Property is abandoned by Borrowa,ar if,after no6ce by Leuder to Borroe�er that the condemnor offers to make an ,�,:�.. � ; ��
<br /> • award or settle a claim for damages,Homnwer fails w respand to Lemder within 30 da s aftea the date the notice is given,Lea�der : ;��=, ,,,;.d�+""=--- --
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<br /> � is authorized to oollect and appIy ihe proceeds,at its oprion,eithea w res�ation or repaa of the Propeaty or w the s3aa�ns secured *. •-�'°�.:��`
<br /> �.,, by this Sec�uity Insuvment,wheth�or not then due. • �
<br /> Untess I.eader and Bo:rowea otherarise agcee in writing,anY aPPlic�iop of proceeds�°principal sha11 not ea�tend mr postpone ���
<br /> the dne date of the monthly paymeats iefared w in parag�aphs 1 and 2 or change the arnount of sach paymeats. , �` "�'�'-r'
<br /> 1L Borrower Piot Rekased;Forbeturance By Lender Not e Waiver. Extension of the dme for payment or�odification , {�� °��'���`���'
<br /> of amortirauon off the sums secured by this Seauiry Instrament granted by Lender tn aay suocessor in inteaest of Bomower shall ��: `� � .' .
<br /> . Homow�or B�rawea's successois in mterest.Lendea shtill not be re$uired w '' ���'��?� '
<br /> . not opeaate m r�flsase the l�ab�ty of the ongmal , .. ,��;
<br /> ' commffice awst any suocessor in interest or ref�ue tn eatend ti.me for payment ar otheawise modify amord�ion of ��;��: ;� t � :
<br /> ��a8 � , : �=_.
<br /> the s�s secarad by this Secivaty Iastmment by r�on of any demaad made by the original Borrowar or Borrower s successors ;�;���,..:, � �:.- ;--::-
<br /> in interest Any forbearance by�ffeader in eaercising any right or remedy shall not be a waiver of or preclude the eacercise of any .,..� E
<br /> ght or remedy. "� •�"
<br /> . n d Bonnd•Jo�tn4 aad Severa!l.iab ' ;Co-sigaere. 'Ibe covenants and agreeme�ts of this ,`����` ' ` "
<br /> � 1Z.Snoc�rs an A�s .
<br /> il►t9 ;.��, .. , r�}I •,'�
<br /> � Sec�uity Instrumaui shaSl bind and henefit the saccesso�s and assigns of Ir.,�der aad Borrov�er, su➢i�ect to the provisions of ... ., •.t . __
<br /> . parag�aph 17. Barrower's covwmits and a�ments shari be jo�t a n d sev e r a l. Any Bffirowea who co-signs this Secari ty ';.�,..-. .;� :. --.
<br /> Instriunent but daes not execute the Nor,e: (a) is co-signing this Serurity Instrument only to moitgage,�rant and convey that ` �� '�,� � `
<br /> Bormw�'s interest in the Propaty nndea the tertns of this Setauity Instrumen�(b)is not pasonally obligated w pay the sums Y���-` '-T��.
<br /> -� • •.r-• ... _...
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<br /> secaued by this Security InsuumeaC and(c)�rees that Lenda and any othea Borrower may agree to eatend,modify,forbear or , ,,r-____
<br /> . �. ,�,.,,,.•.-�t...,...._
<br /> make mry accomanodations with regard to the teacns of this Secwity Instrumeat or the Note without that Bonower s consent r�.,._-�
<br /> ..i �% .�=.�
<br /> 13.Loan Cf�arges. If the 1oan secmr��by this Sec�arity 1nstrumens is subject to a 1aw which sets maaimum loan charges. �., 1 �
<br /> �d t L a t l a w i s fr n a U y m t e a p r e t�a 9 s n t h a t t h e i n t,e r e s t o r o o h e r lo a n c h a r ges wllected or w be coltected in connecaon witb the loan ',',��•,u -��
<br /> a
<br /> e�aaa3 the pe.nniucd limits,t�an:�a)any sach loan chazge shaU be mduced by the amount necessasy w reciuce the charge to the ��:�t�;Y�,� -g:���-
<br /> :`S � _ �
<br /> . per�ued limi�and(b)any sanos aiready om�Lected from Borrower which exceeded pe�mitted limits w71 be refanded tn Boaower. _` -_; `. �-
<br /> Leadc,r may c�� to maYe this refund 1�3�r�;ducing the principal owed ander the Note or by making a direct payment to ��.-:���y,+,,��.;,;�: __..
<br /> . , �,-cawea. If a refand redvices pr�cipal,s�z c�ducdon arill b��eated as a paroal PrepaYment witho3t any prepayment charge � ���`..,";,.4�.:-: -=--
<br />" r�a�r ehe Note. •''F''• `� �rri�
<br /> �4.Nottoes. My notice to Botrower provided for in t�is Security Inswment shall be given by deliveaing it or fby mailing it '�;-'"a'-'°�`
<br /> ,�; by fust class mail unless appHcable law re�guimes use of ano�er method.'Ihe notice shall be directed¢4 the Property Address or . ._ ,�t., --'��
<br /> ;;;� any other address Bormwea designares by nt�ce to Ler►der. Any norice w Lender shaU be given R�y fust class mail to Lendea's _�. —
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<br /> ��'�� sddress stated deaein or any other address Iander desi�a�by no6m to Bonower. My notice�vided for in this Security k;'�F �
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<br /> Instrument sh3ll Toe deemed W C�::ti•e been givEn W Botrow�c:�:,'„r.der whan given as prov��ed in this Paragraph• . •,�.,;;,.;..
<br /> . � 15.Governtng l.aw;Sev�'b�ity. 'ChiS Security Ins�� :i�:.�:1 be goveme� by fedeaal taw and the !aw of ihe •� .
<br /> � �`� jurisdiction ln which the Propeny is located.In the event that�g p�,,i:�:on or clause of this Securiry Insuument od the No� . • ��,�' "'-�'.' �
<br /> �i�r: conflicts with Lcable law,such wntlict shall not affect other rov�;�.s of this Securi Instrumea�c or the Note which pn be �"'"°`-
<br /> . j,, app' P �Y ' �:��>,
<br /> given effect arithout the conflicting pmrision.To this end the provisions�f this Security Instrumen3�::3 the Note are dectared r� `
<br /> ' be severable. , ,'` .
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<br /> r Fovon 8028 9/00 , --
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