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<br /> `s<.'`J``�:� � • payments may no longer be re.�Nired.ac the option of i.ender.if mortgage insarance mverage(in the amoant and for the period '` ` <, ' �
<br /> • ,�t � that Lencter 1 pro<ided by an insurer approved by Lender again becomes avaiiable and is obtained. Bormwer shall pay ' �,��
<br /> ►�I� .� ,
<br /> ' ' ired to maintain mortgage insur�-�ce in effect.or to provide a loss reserve,until the requuement for mortgage : f`' �
<br /> . the pr+emiums recN -
<br /> F� ', ,g� .' insarance ends in accordastce with any written agreecnent between Borrowu and Lender or applicable law. -
<br /> r,-,,� 9. �s p e d[u n- Lender or its a gent may make reasorable enuies upon and inspections of the PropertY• Lender sieaU give .
<br /> ` ' � ' Borrouer notice at the time of nr prior to an inspection SPec�fyiAg reason�le cause for the inspection. ;'
<br /> � �:i 10.Coudemnatlon. The proceeds aC any award ar claisn for damages.direct or oonsequenaal. in connection ned and "` '
<br /> condemnation or othet taking of any part of the Property.or for wnve ance in lieu of con+3emnation.are hereb assig ,,;�.�. - .
<br /> �: � �" shap be paid to Lender. � , ` ;�' �
<br /> ��; � In the eveat of a total taking of the Property.the proce�s shall be applieb to the sums secuied by this Security Instrument.
<br />- � whether or not then due. with any excess paid to Bo�rp�+�• In the event of a partial talcin&of the Propercy in which the fair ;� �:
<br /> - � market value of the Property immediately before the taking is equal to or greater than the asnount of the sums secured by this :: :_Y:�
<br /> ` Security instrurnent isnmediately befflre the taking,unless Borruwer and Lender otherwise agree in writing.the sums secured bY ' `�-
<br /> � : . this Securiry Irutniment shall 6e reduced by the amount of ttte proceeds mulnPlieB by the following fraction: la) the total � �.. �;•`-
<br /> �, .�.- . `::� amount of the sua�s secured imme�liately before the taking.divided by (b)the fair market value of the�'o A whil ch che fa�r Y �-
<br /> Any balauce shall be paid to Borrower. In the event of a partial caking of the Pcopecty ' ��,,
<br /> _ ; :� before the taking. ' . —
<br /> _- � { market value of the PropeRY immediately before the takin&is less than the amount of tfie snms secured immediatel�b�s shal! .. _-
<br /> - ` tatcing, unless Borrower and Lender otherwise agree in wriring or unless applicable law otherwise rovides.the p ..:<�,
<br /> - �:� nt whether or not the sums are then due. . • —
<br /> ��- . r ;. . � be applied to the sumc secured by t�is Seeurity InStcume �_�-
<br /> '`` � If the Propercy is abandoned by Borrower.or if,afser notice by l.ender to Borrawer that the oondemnor offers to make an
<br />_._ : ,� ,�. ond to Ixnder within 30 days after the date the norice is given. �'� - , ,�__
<br /> award or settte a claim for damages.Horrower fai ls to resp �, ,. �:,•,r�
<br /> ' ` '`' l.e n d e r i s a u t h o ri z a d t o c ollect and a p pl y the proceeds.at iu oprion.either to restoratian or repair af the Property or ta tbe sams + � �_
<br /> �� secured by this Secc:Yry Instrument,whether or not tl�en due. � �-
<br /> . -- � lication of roceeds to principal shaU not extend or ��`=j.
<br /> Unless L.ender and Borrower otherwise agree in writing. any aPp P p � < :i `4,,.�
<br /> _ . .� �. ...:'._:;;. postpone the dne date of the monthly paymenu re fe r r e d t o i n p a s a g r a P h s 1 a nd 2 or chan ge the amount of such a ents. ,�
<br /> � -� 11.Borrower Not Releas e d,Fu r bearance B Y�n d e r:�a t a W a lver.E�ctension of the amc for payment or modificasion . i.:,�
<br /> � of amortization of the sums secured by this Security Instrument granted bY Lender to any successor in interest of Borrower shall ..�„p�,�
<br /> • � � �� not operate to release the liability of the original Borrowec or Borrower's successors in interest.Lender shafl not be required to , :�
<br /> r=,�,�_,.
<br /> �. ' � comm�.ce proceedings againse aay succ.essor in interest or re�ase to eatend time for payment or otherwise modify amortizauon _—_
<br /> - t ; of th� �s se�vred by this Se�:.'ity Instrum ae bn erxercisi�any Shma�nd r m Y sh�enot bena warver of or preclude the •'�{�,� _ —
<br />- - � . success.:s iu interesc. Any forbearsnce by `� ''` � "�'�
<br /> .. .. .°:_?-
<br /> • czercis:of any rigI*.e or remedy. e�, �� �ovenanu and agreements of this . y ,�
<br /> � � � 1�,Succe�ors anil Assig�s Bound;Joint and Several LiabWty;Cn-sign .
<br /> � ��:•.y Instrument shall bind and beaefit the successors and ass�g�s of Lercder and Borrower, subject to the provisions of • i�:-
<br /> ' . .., . - .. parr:�caph 17. Borrower's cover:anu and agree►nents shalt ba joint and several. Any Borrower who co-s',g�d Sn ��t ;-�~�..,�,-;—
<br /> ' ' � :, Insaament but does not execute the Note: (a) is co-signing 'zh�s Security Instrument only to mortgage. gran Y �:*.�,�
<br /> � � Borrower's interest in the Property under the tem�s of this Security Instrument;(b)is not personally abligated to pay the sums , • ;;..�,'l
<br /> ,�; : secured by this Security Instrument;and(c)agrees that i.ender and any other Borcower may agree to extend.modify.forbear or `' g a
<br /> '' • �. � ' make a�sy accammodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. _
<br /> � 13.Loan Charges.If the loan secured by this Security Instrument is subject to a latv which seis maximum luan charges• : _—
<br /> , : . � - and that law is finally interpre[ed so that the inte h i���r e shaU be redu'ed by the amountonecessary�w�ace ehe haz�e 1. � ._ '-�
<br /> • loan eaceec!the permitted limits.then: (a)any suc 8 ��`
<br /> . � to the permitted limit• and(b)any sums already collected fram Bonower which exceeded permitced limits wil!be refunded to ' _ _.-
<br />- ` Borrower. Lender may choose to make this refund by reducin� the principal awed under the Note or by making a direct ; t�.:
<br /> _- � � . � • ` paymem ta Borsower. If a refund r e duces principal. the reduction will be treated as a partial prepayment witfiout any
<br />- .�. . prepayment char�e under the Nate. • • . .
<br /> , . ,� 14.Nottces. A�ry notice ta Borrower provided for in this Security Instrumem shall be given by delivering it e:�y mailing
<br />� � � it by firct class mait unless applicable law requires use of anather methad.The notice shall be directed to the Properey Address
<br /> . � or any other ad-�r�x_. Borrower designates by notice to Lender. Any notice to l.ender shall be �:en by first class mail to
<br /> ' � 1 Lxnder's address �tated herein or any other address L.ender designates by notice tn Borrower. Any notice provided for in this ,. ` :, •
<br /> : �.� , ., ,`�,<<
<br /> � �tity lnsttument chall be decmed to have been given to Borrower or Lender when given as provided in this paragrapb•
<br /> . • : 15.Governing I.aw; Severability. This Sccurity Instrument shail bc governed by fedcral law and the law of the .•,,,a'�. , :
<br />_ ` . i jurisdiction in which ihe Property is tacatcd. ln the event that any provision or clause of this Security lnstrument or the Note .
<br /> - 1 conflicts with applicable law,such conflict shall not affect other provisions of this Security lnstrument or the Note which can be
<br /> - ' � � given effect without the conflicting provi�ion.To this end the provisions of this Security lnstrument and the Note are declared
<br /> - • � i� to be scverabta � ..
<br /> � 16.Borrow•er's Copy.Borrower Shall be g��en one conformed copy of the Note and of this Security Instrument.
<br /> . �� Form 3028 9►90 • .
<br /> . - . -t� Pa90 4 0l 6 �� ' � .
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