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<br /> puyments muy no lungcr bc required. ut the option c�f I.ender, if mortgugc insuruncc a�vcrugc (in thc umi�unt aiid Far the pcnud �.�r,�� ,. --
<br /> that l.ender requires)provided by nn insurer approved by Lender ugain becnmc+uvuilublc and is obbiined. Borrawer shsll pay �'t�F�.;•;�.. ��' _
<br /> ,� the premiums required tn muintuin mortgage insurunce in cffcct,ur w pruvidc a lutiti reticn•c,until thc rcyuiremrnt f�.r m�.r�@n€cy � ���• .�_�
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<br /> .,���; insurance ends in accordance with Any written agreement between Borrower and I.ender or upplicablc law. .,��,—
<br /> 9. Inspection. L.ender or its ugent muy makc rcasonable entrics upc�n:+nd inspecticins of thc Pr��perty. Lxndcr shull givc ��yi,. _
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<br /> Borrower notice at the time of or prior to an inspection spr.cifying reasonable cuuse for the inspection. CO s,����_:.'
<br /> 10. Condemnation. The praceeds of any award or claim for damuges, direct or consequential, in connection with nny� �,—
<br /> condemnation or other taking of any part of thc Propeny,or for conveyance in lieu of condemnutinn, ure hereby assigned and I ^_�,. _
<br /> shall bc paid ta l.endcr. ' �'���-^
<br /> In the event of a totul taking of the Property,the proceeds shall be applied ta the sums secured by this Security Instrument.��., �—___�
<br /> whether ar nat then due, with any excess paid to Borrower. In the event of a purtial taking of the Property in which the fai�,j �,y
<br /> market valuc nf the Property immediately before the taking is equal to�r greater than the amount of the sums secured by thi Y_d
<br /> Sccurity Instivment immediately before the taking,unless Borrowcr and L.ender othenvisc agrec in writing, the sums sccurcd b� �f..?
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<br /> . ;� this Security instrument shall be reduced by the amount of the proccedx multiplied by the following fraction: (u)the totuw r__
<br /> amount of the sums �ecured immediately before thc taking, divided by (b)the fuir market value of the Property immediately _
<br /> p before the taking. Any balance shall be paid to Bonower. In the event of a panial taking of the Propeny in which the fuir �,_
<br /> °�,� market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the —
<br /> taking,unless Borrower and Lencler otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall __
<br /> • j� be applied to the sums secured by this Security Instrument whcther or not the sums are then due. '
<br /> if the Propeny is ubundoned by Borrowcr,or if,aftcr notice by Lcnder to Borrowcr that the condemnor offers to makc an �
<br /> uward or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the dat� the notice is given, _
<br /> `� L.ender is authorizcci to collect und apply the proceeds,at its option,either to restoration or repuir of the Property or[o the sums =,
<br /> j secured by this Security Instrument, whether or not then due.
<br /> Unless Lender and Borrower atherwise agree in writing, any upplication of proceeds to principal shall not extend or
<br /> � � postpone the due date of the monthly payments referred ta in paragruphs 1 and 2 or change the amount of such payments.
<br /> _ _ __.. ..•� 11.Borrower Not Released; Forbearance By I.ender Not a Waiver. Extension of the time for payment or modification
<br /> "r of amonization of the sums secured by this Security Instrument granted by l.ender to any successor in imeresc of Bunu.�c:��hal{
<br /> not operate to release the liability of the original Borrower ar Borrower's successors in interest. L.ender shall not be required to
<br />_ � �. commence proceedings against any successor in interest or refuse ro extend time for puyment or otherwise modify umortimcion
<br /> of the sums secured by this Security Instrument by reason of uny demand made by the original Borrower or Borrower's
<br /> successors in interest. Any forbenrance by Lender 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 Liabllity;Co-signers. The covenunts and agreements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisionti of
<br /> paragraph 17. Borrower's covenants und ngrcements shall be joint and sevcrnl. Any Borrower who co-signs this Sccurity
<br /> � Instrument but does not exccute tht Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br />- , Borrower's interest in the Property under the terms nf this Security Insuvmenr, (b)is not personally obligated to pay the sums
<br /> . secured by this Security Instrument;and(c)abrees that Lender and any othcr Borrower may agree to extend,modify,forhear or
<br /> ' � make any accommodations with re�urd to thc terms of this Security Instrument or the Note without that Borrower's wnsent.
<br /> 13. Loan Char��.w. If the loan secured by this Security instrument is subject to u luw which sets maximum loan charges,
<br /> and that law is finully interpreted so that the interest or other loan churges collected or to be coUected in connection with the —
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit;and(b) any sums already collectecl fram Borrower which exceeded permitted limits will be rcfunded to —
<br /> ,t Borrower. I.ender may rhoose tu make this refund by rcducing thc princi�al owed under thc Notc or by muking a direct
<br />- ��. paymcnt to Borrowcr, If a rcfwid reduccs principal, thc ruiuctic�n will be treated as u partial prepayment without any _
<br /> prcpayment chargc undcr thc Notc.
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<br /> . 14.Noticcs.Any noticc to Burrowcr pravided for in this Sccuriry in+trument shall be givcn by dclivcring it or by nmiling �;,�:__�
<br /> it by first class muil unletis applicablc law rcquires usc of anothcr mcthod.The notice shull tx directed to thc PropeAy Address _-
<br /> or any othcr adJress Burrowcr designatcs by noticc to Lendcr. Any noticc to Lcndcr shall bc givcn by firct class mail to —
<br /> � L.ender's address statcd herein or any uthcr address Lendcr dcsignates by notice to Burrower. Any noticc prnvided fur in this �,=� �.__—
<br /> Sc�urity Instrumcnt shaU bc dccmeJ tu havc bcen givcn to Borrowcr or Lcndcr when t ivcn as provided in this paragraph. �.,,.�.��
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<br /> 15. Governing Law; SeverabUity. Thi+ Sccurity Instrumcnt shall bc g��rerncd by federal Ixw und thc law of thc ���6—��,
<br /> jurisJiction in which the Pmperty is lacated. In the event that any provi,ic>n��r clau�e��f this Securiry Instrument or the Notc . '`-��?-°�z,;�P.:
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<br /> ronflict�with applirahle law, such cnntlict shull not.�ffert other provisions of thi�Serurity Imtrument or the Note whichcan be y�-�---
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<br /> given effert without thc ronflirtittg pro��isiun. To this �nJ thr provisions of this Sccurity In,trument anS the Notr arc dcclarcd �..,M�;,w?��g:
<br /> to bc scvcrable. �,��:}�:;,•.
<br /> l6.Borro�ti�er's Cop}�. Di�rruwcr shall be given onc r��nfurmrJ copy of thc Nutc unJ uf this Scruriry Instrumcnt. .
<br /> Form 3028 9190
<br /> Pann 4 ul G
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