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<br /> , � �{. �;, �������e:unount and fot the period . . '; " °
<br /> `.° `� • payments inay ao tonger be required.at thc oAdon of l.cnde�.if mortgage 1 � �.'� .� .�f� `°
<br /> '` • that[.ender requires?p�vided by an insurer approved by Lender again becomes available and is obtained. Borrower shall pay -
<br /> ;<.: � . the premiums req�ired to maintain monsage insurance in effect,or to prov'sde a loss reserve. until the requirement for mongage ..,•c`
<br /> _i _..� . , ,
<br /> °�_._� insurance ends in accordance with any written agreerttent between Borrower and Lxnder or applicable law. � �� : :
<br /> _ q,Inspectton.Lender or its agent may make reasonable entrics upon and inspect�ons af the Property. Lender shall give _ -
<br /> Bornower notice at the time of or prior to an inspection speeifying rr,a�onable canse for the is�spection. ` : �
<br /> `.> ` 10. Condemnatfon.The Qroceeds of any award ar claim for damages.direct ar con�Wuential, in conneeuan with any •� •",�.:' `; `i
<br /> Y� `� �. : co n de m n a t i o n o r o t h e r t a k i n g o f a n y part of the Prc�per►y.or for conveyance in lieu of rnndemnarion.are hereby a5signed and , •; _
<br /> h• ,4:
<br /> �`�-=� � � , shall be paid to Lender. . ,�•'� =�
<br /> . � �,� In the event of a total taking of the Property.the Proceeds shall be applied to the sums secured by tfus Security Instnsment. � �;;;,
<br /> � � : 11. < �-.J.'•
<br /> ;�;, '< , , 4 whether or not then due,with any excess paid to Barrower. In the event of a partial talcing of the Property in which the fair � _,f.
<br /> :�� � f matket vatue af the Property immediately before the taking is equal to or greater than the amount of the sums secured by this �. � 1. :,�
<br /> .. . _ � ° f._L
<br /> �• � ` • � Security Instrument�mrnediatelY before the taking,unless Borrower and Lender otherwise agree in writing, the susns secured bY ;,s �
<br /> �' _ , ;{. this Security Instrument shall be reduced hy the amount of the proce�s multiplied by the foUawing fraccion: `a��'a e� _
<br /> i•;�:.� '� � amount of the sums secared immediate�Y before the talsing. divided by (b)the fair market value of the Property ' Y , .
<br /> �:`: . � before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair. -
<br /> _ ° ' '�;� market value of the Praperty immediately before the taking is less than the amount of the sums secured immediately before the
<br /> � ' �.'f taking,unless Bormwer and Lender otherwlse agree►n writing or unless appticab}e law othenvise grovides,the proceeds shalf
<br />='.�� . ,'� �' 'v{: be applied to the sums serured by this Security Instrument whether or not the sums are then due. ;�_
<br /> �. " • • . " ''•" If the Propedy is abandoned by Borrower.or if,afser notice by Lendec to Borrower that the condemnor offers to make an _ ' , �.;
<br /> ._ •_�
<br /> <,:4• � • award or settle a claim for damages. Borrawer fails to respond to Lender within 30 days after the date the notice is given. ,; , �'�
<br /> ": � .� ,. '�. Lender is authorized to coltect and apply the pracceds.at its aptian,either to restoration or repair of the Property or to the sums , . �_
<br /> � • secured by this Security Insuument,whether or not then due. �`�°�
<br />=,���� '` Unless Lender and Horrower otherwise agree in writing, any application of proceeds ta psincipai sha11 not extend or , • •�_.r=
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<br /> � � postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or thange tfie amaunt of sucb payments. _
<br /> 11.Borrower Not Released;Foifiearance By I.ender Not a Waiver.Extension of the time for payment or madification . ;..-4—�=
<br /> =�':.%-.`. . • - of amortizatian of the sums secured by tSus Security instrument granted by I.ender to any successur in interest of Borrower shall �,,? � ,� _
<br /> �`,.'.�t`. :. • noc operate to release the liabiiity of the original Bonowec or Borrower's successors in interest. Lender shall not be required to s' ��
<br /> 'f'..:'�: commence proceedings against any successor in interest os refuse to extend time for payment or othecwise modify amorti7ation `.�.� .
<br />"� . of the sums secured by this Security Instrument by reasan of any demand made by the original Borrawer ar Borrower's . ,"�`
<br /> � � { successors in inferest. Any farbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the � '
<br /> r• = • , - ' '{• exercise of any right or remedy. _
<br /> �' � ' � 12. Succes�ors and Assip,ns Bound; Jolni and Several Liability; Co-signe�s. The covenanu and agreements of this �=..—
<br /> � � � Security lnstrument shall bind and benefit thc successors and assigns of l.ender and Borrower. subject to the provisions of ,:' � •
<br /> � :� paragraph 17. BorrowePs covenants and agreements shall be joint and several. Any Borrower who co-signs this Security ��.
<br /> • Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgaDe. �rant and convey that .�.
<br /> ,�:
<br /> Bosrower's interest in the Property under the terms of this Security fnstrument:(b)is not personally oblisated to pay the sums - ;� ''�..
<br /> secured by this Secnriry Instrument:and(c)agrees that Lender and any other Bortower may agree to extend,modify,forbear or _ . __
<br /> .�1�.
<br /> • make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrowec s consent.
<br /> t . 13. Loan Char�es•If the loan secured by this Security Instrument is subject to a law which sets maximum ioan charges, . _
<br /> � � ,� and that law is finally interpreted so diat thc interest or other loan charges collected or to be wllected in wnnection with the �
<br /> � � . � . ' loan exceed the permitted l;mits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge 4 - ,
<br /> !�`� to the permitted limit:and(b�any sums already wllected from Borrawer which exceedecf penrritted�imits will �c refunded to . _.
<br /> .s�.: � Borrower. Len�cr may choose to make this refund by reducing the principal owe,i undet the Note or by making a direct
<br /> .' . ' `,.;�� payment to Bonower. If a refund reduces principal, the reduction wilf be treated as a pactia! prepayment without any
<br /> '" ' l preQayment charge undcr the Note. • ,
<br /> � � 14.Notices.Any notice to Borrower pravided for in this Security lnstrument shall be given by delivering it or by mailing
<br /> � it by first class mail untess applicable law requires use of another method.The notice shall be directed to the Propeny AddreSs
<br /> � ' ' ar any other addres.ti Borrower designatcs by notice to Lendcr. Any noticc to Lender shall be given by first class mail to
<br /> •� ' • � Lender's address stated herein or any ofher address l.ender designates by notice to Horrower. Any notice provided for i�this
<br /> ' '` Security Instrument shall be deemcd to have bccn given to Borrower or Lender when given a�proti•:9ed in this paragraph.
<br /> ' . : # 15.Governin� Law; SeverabiUty. This Security lnstrument �hall bc govemed by fcd:ral law and thc law of the : .
<br /> ':. �' 1 jurisdiction in which the Property is located. In the event ihat any provision or c6ause of ihis 5ecurity Inctn:rnent or the Note
<br />± , i canflicts with applicable law,sucb rnnflict shall not affect other provisions of this 5ecurity Instrument or the Kote which can be
<br /> °: '; ,.. � � given effect without the conflieting provision. To this end the provisions of this Security instrurnent and the Note are declated
<br /> E �� � 7 to he severable. ' • '
<br /> � � • � 16.Bormtiver's Copy.Brn•rower�haU be given one canformui capy of the Note and of thi.Security Instrument.
<br /> +' ' . Form 3028 9180 .
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