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<br /> pxymenGti may nu l��nger ha requirrd,at the uptfuu��f lxnder,if niurty;+gr iusur�incr cuveragr(in thr iunnu�u xnd fi�r the prriud , -
<br /> thtu I.rnJrr requirev) pruvide�l hy an ii�.r•ur�rsipprovcd by le:ndcrxbain hecumrs aw�ilahle aud i.r•uht:�ined. Horruwrr sh�dl p�ry ._
<br /> the premiums reyuired to mainu{in murtg+►gr insurancc ii�effcct, cn n►pruvidr x luss rctirrve,until tl�r requiremrut ti►r murtgxge� ,_
<br /> i►�.,ura�uc rnJs in�tl'l'l1�llNill'C WIIII itlty W�ItICI1Nj!TCCI1lCIlI t1C�WCNl1 BUI'fllWttf and I.,�ndcr ur uppltc;�hie lxw. ;
<br /> 9. InsFectlon. Lxnder ur its xgent may make reayu�uthle enuies upun and inspectiony of dte PrupGrty. L.rnJer tihall bivr� I _
<br /> • Bunower notice at the dme of or ptior ta an ii4spcK:dem specifying rcusu►utblr cause far th�i».+pecdcin. ,., . �_
<br /> 10. Condemnation. '!'l�e ptcxeeds of auy xwarJ ur clain� for clamages, direct or contiequential, in cantiection witb �u�yw � 4-•:_
<br /> condetnnation or nthrr taking of any part af�he Prapetty. or ft�r convcyance iu lleu of candemnxtian, ure here hy�.tisibned uad� i ,�'_:Y
<br /> sball he paid to L.ender. 1 ,�k�-
<br /> In the event af a rotxl t�king of the Property,the proc:eeds shall bc applied to the sutus secured hy tliis Security Instrument,� ` _ _ -- _
<br /> whether or not then due, wtth any exccws pud ta Banower. In t he even t a f x p a rt i u l t x k i n g o f t h e P r o pert y iu whlch the fair � .�'_`:`-
<br /> ' market vxlue of the Property immediately befare the txking is equal to ur greuter thun the amaunt of the sums secured by this �
<br /> gecurlty Instrument immediately before the taking,unless Borrower and Leader otherwise agree in wridng, the sunis secured by
<br /> thls Securiry Iactivment shall be reduced by the amount af the praceecis muldplied by tlie fnllowing fracdon: (a) the total ____
<br /> amount of the swns secured Inunediately before the wking,divided by (b) the fair market value of the Praperty immediacely
<br /> before the taking. Any balance shall be paid to Bonower. In the event af a partial tukjng of the Property in whicb the fair ,
<br /> market value of the Property uuniediately lxfore the wking is less than the amount of the swus securecl immediately before the
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<br /> talcin�, unless Borrower and I.ender otherwise agree in wriang or udess applicable law otherwise provides, the proceeds sball
<br /> be applied to the sums secured by this Securiry Instrument whether or not the swns are then due. �
<br /> , If the Property is abandoned by Borrower. or if,xfter notice by Ix,nder to Borrower that the condemnor offers to malce an _
<br /> ' award or settle a claim for damages, Borrower fails to respond to i.ender withitt 30 clays after the ciate the nodce is given, . ;A�"="
<br /> � Lender is uuthorizeci to collect and apply the pra�eeds,at its optioa, either to restoraaon or repair af the Property or to the y�ums _
<br /> : secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Bonower otherwisc agree in wripng. any applicadon of proceecls to principxl shull not extend or ,�:'�-�
<br /> � postpone tue due date of the ru�nthly paywen�s referred to in pxragrapbs 1 and 2 or change the:imount of such paymeuts. �` ��
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<br /> 11.Borrower I�ot Released;Forbearance By Lender Not a Walver. &xtension of the ttme for payment or modificadon ��'r� . .t:'�
<br /> � of amnrtlzadan of the sums secured by this Security lnstrument grantecl by Lettder to uny successor in int�rest of Bonower sball �� ;�;.=u
<br /> -� noc uperatc tu rai�se thc liabilir;of�e ori;inal Ponower or Borcower's successors in interest. Lender sh�ll not be required to .��. , �`
<br /> E, commence proceedings agaiast any successor in interest or refuse to extend time for payment or otherwjse raodify amortizaaon ., �.�-
<br /> •f of the sums secured by chis Security Instmment by reason of any demund raade by the oziginal Banower ar Borrower's #�;� w:Y�.:
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<br /> v� successors itt interest. Any forbearance by Lender in exercising any right or remedy shall not be a wxiver of or preclude the ..
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<br /> exercise of any rtght or remedy. � ��•='
<br /> � 12. Succcssors and Assigns Bound;Joint and Several LtabUtty; Co•signers. The covenants and agreement� of this �•� �,�,_
<br /> :� Security Insm�ment shall bind and benefit the a'uccessors und assigas uf I.ender and Bonower, subject to the provisians of �
<br /> � paragraph 17. Bonower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Securlty `
<br /> �.� Insuwnent but does not execute t�e Note: (a) is co-signing this Securiry Instniment only to moagage, gr+wt xnd couvey that y��_
<br /> ° Bonower's iuterest jn the Pmperty under tlie term+of this Securiry Insuvment; (b)is not personaUy obllgated to pay the sums .-`s,�__
<br /> • secureci by this Securlty Instrument;xnd(c)agrees that Ixnder and any other Borrower may agree ta extend,moclify,forbeur or __v
<br /> ' make any acwmmodudons with regard to the tem�s of this Securiry Insuument or the Note wlthout that Barrower's consent. __
<br /> � 13. Loan Char�es. If the toan secured by this Securiry Instrument is subject to a law which sets raaxjmuui loan eLarges,
<br /> . .�� and that law is finally tntetpreted so that the interest ur other loan charges callected or to be collected In conuecdon with the _
<br /> � loan exceed the permitteci limits, �hen: (a) any such loan charge shall be reduced by the amount decessary ro ceduce the charge - __
<br /> to the permitted limit;and(b)anY a-ums alreadY collected from Borrower wtuch exceeded permitted liauts will be refunded to --
<br /> � Borrower. Lender may choose to make tbis refund by reducing the principal owed under the Note or by maidns a dIrect v„����__
<br /> payment to Borrower. If a refund recluces principal, the reduction will be trexted as a partial prepaywent without any
<br /> � prepayment chatge under the Note. �� •
<br /> 14.Notices.Any notice to Barrower pravided for in this Securiry Iastrument shall be given by delivertn�;it ar by mailing .t�.� ���:
<br /> � it by first class mail unless applicable law mquires we of:uiother methad.The noace shall be directed ro the Property Address ���
<br /> � or any other address BoiYawer designstrs hy nutice to l.ender. Any nodce ro Ixnder shxll be given by first class n�sil to � • •,��,� ..
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<br /> � Lender's address stated herein ar any other address Ixnder designares by notice ro Borrower. Any notice provided for in this � •.:±.'�'.��""
<br /> � Security Insuuraent shall be deemed to have been given to Borrcnver or Lxader when given as provided in this pardgraph. ,m,.�:
<br /> 15.Govern[ng Law; SeverabIltty. This Security Instn�ment �hall he governed by federal law and the law of the ,
<br /> jurisdiction in which the Propeny is locxted. In the evenc d�at any provision or clause of this Securiry Instrumeut or the Note .
<br /> � ¢unflicts with applicable law,such contlict shall not xffect other provisions of tlux Security Instrument or die Note wtuch can be I
<br /> given effect without the conflictin� provisiun. To this end the provisions of this Security I�uwment xnd the Nute are declamd I
<br /> to be sever.►ble. l
<br /> 16.Borrower's Copy.Borrower shall he given u�ie confurnied copy of the Note and nf this Sc�:urity Instrument. I
<br /> Form 302�a 9/8� � ''
<br /> Pag�d ot 8 Inb r..,,J!!6G
<br /> ��8R(NEl ies�si.oi `\�,f _
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