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<br /> •� p;�yments muy no lor�gcr bc rcyuired, ut thc�iptiun af[Andcr, if mcirtgagc insurancc covcragc cin thc amount and fiir thc period
<br /> that Lcnder rcquires) providcd hy un insurcr.�pprovcd by Lcnder again becamc,avuilabic��nJ is�,btaincd. Bc�rrover shull puy
<br /> thc prcmiums requirecl�n muintain mortgiigc in.urance in cffcct,or tn pr�rvide u lo,s rcxcrvc,until thc rcyuirement fc�r mi�rtgugc `'
<br /> insuranrc cnd+in acrc�rJancc with any wriu�n a�;rccmcnt hclwr:en Borrowcr and l.cndcr or applicablo luw.
<br /> , 9. luspectton. I.ender or its agent may muke rea,onuble entries upon and inspections��f che Pruprrty. Lender shall give
<br /> Borrawcr naticc at the�imc of ur prior to xn inspcction spccifying rcuscmublc cuusc tiir thc inspection.
<br /> ,. , • " 10. Cundemnation. Thc prc�ceedti uf any aw.u•d ur cl.�im for damages, direct or ronscyuentiul. in connection with uny
<br /> .. : •'► condcmnatiuiz or athcr�aking of any part of thc Pro�crty, or for conveyancc in licu ot'rondcmnation, arc hereby atisigned and
<br /> shall bc paid to Lcndcr.
<br /> •• In the cvent nf a total taking of the Property,the procecds shall be applied to the sums secured by this Securi[y lnstrument,
<br /> ' whether or not then due, with any excess paid to Borrower. !n the event of a partiul taking of the Propeny in which the fair
<br /> „ " market valuc of thc Property immcdiutely before the taking is cyual to or greatcr than the amount of the sums secured by this ji
<br /> • Security lnstrumcnt irnmcdiatcly beforc thc taking,unless Borrower and Lendcr othenvise ngree in writing, thc sums securcd by
<br /> this Security Instrument shall be reduced by th;. amount of the praceeds multiplicd by the fnllowing fraction: (a) the total
<br /> . y amount of thc sums sccured immediately before the tuking, divided by (b) thc fair market value of the Property immediately .o�
<br /> � before the tuking. Any balance shall be paid to Borrower. ln the event of a partial taking of the Property in which the fair
<br /> _� m�rket vnlue of the Property immedintely beforc du taking is Iess thun die emount of the sums secured immediately before the �
<br /> taking, unless Borrowcr and Lendcr othenvisc agrcc in writing or unless applicable law othcrwise provides, the proceeds shall
<br /> „ ,d'�`r, be applicd to the sums secured by this Security Instrument whether or not the sums are then due. —^
<br /> • + ,i If'the Property isabandoned by Borcower,or if, after notice by L.ender to Borrower that the condemnor offers ta make un �:�e
<br /> ' �� � award or settle a claim for damages, Borrower fails ro respond to Lender within 30 days after the date the notice is given, —
<br /> • • Lender is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums
<br /> secured by this Security lnstrument,whether ur not then due.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or —
<br /> postpune the due date of the monthly payments referreci to in paragraphs 1 and 2 or cl�ange the amuunt of such payntents.
<br /> 11.Borrower Not Released; Forbeurance By Lender Not n Waiver.Extension of the time for paymeni or modification —
<br /> of amorti•ration of the sums secured by this Securiry(nstrument grunted by Lender to any successor in interest of Barrower shall �„__.
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<br /> , - not operate to release the liahili�y�f the�rivinnl Rnrcr�w�r nr Rnrm�v�r'c ci,irreccnrc in intrrrct I�ndrr chnll not he reauired to —
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<br />- ,, commence proceedings against any successor in interest or refuse to exiend time for payment or othenvise modify amortization
<br /> - of the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> �
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the —'
<br /> 'v�. •w - �. exercise of any right or remedy.
<br /> _ ' 12. Succes.sors and Assigns Bound; Jaint und Several Liability; Co-signers. The covenants and ngreements of this
<br /> � °` '" Security Instniment shall bind und benefit the successors nnd assigm of Lender and Borrower, subject to the provisions of _
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<br /> �=�'ti'•�'�•�°- '' paragraph 17. �iorrower's 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 Securit�� Instrument only to mortguge, grant and convey that
<br />;;;;", . ; Borrower's interest in ihe Propeny under the terms of this Security Instrument; (b) is not personully obligated to pay the sums
<br /> ,,._ .. . .Qi secured by this Security[nstrument;and(c)agrees that Lender and any other Borrower may agree to extend, modify, forbear or
<br />=��•`?':_ �� make any accommodations�vith re�ard to the terms of this Securiry Instrument or the Note without that Borcower's consent.
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<br /> _ _--- ;_�--�` 13.Loan Char�es. If thc loan secured by this Security Instrument is subject to a law which sets muximum loan charges, _
<br /> �.�,�;.p��,,_-� and that law is finally interpreted so that the intcrest or other loan charges collected or to be collected in connection with the
<br />—=-a° ��-- loan exceed the permitted limits,then: (a)any sucl�loan charge shall be reduced by the amount necessary to reduce the chnrge _
<br /> ---" ��• to the permitted limit;and (b)any sums already callecteci from Borrower which exceeded permitted limits will be refunded to
<br /> -�__',�}�J� Borrower. Lender may choose to make this refund by reducing the principal uwed under the Note or by making a direct
<br /> ��II'1t� payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> �-"-�r'�`� prepaymcnt chnrge undcr the Nate.
<br /> v "�"�-��'� 14.NoYrces.An notice to Borrower rovided for in this Securit Instrument shall be rven b deliverin it or b mauin
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<br /> �"'�'-� it by t`irst class mnil unless applicablc law requires use of another method. The notice shall be directed to the Property Address ---
<br /> :��`� : -
<br /> -,,.,__�.,,. or any other address Borrower designates by ncnice to Lender. Any notice to Lender shall be given Uy first class mail to
<br /> -=��'�h"'� Lender's address stat:.d herein or any other address Lender designates by notice to Borrower. Any noticr, provided for in this --
<br /> .;T�a�,�,� Security instrument shall bc decmed to havc been given to Borrower or L.ender when given as provided in this paragraph. _--
<br /> `1*'�'�`����:� 15.Governing I.nw; Severabllity. This Sccuriry Instrument sliall be govemeci by federal law and the law of the �
<br /> jurisdiction in which the Properry is locateci. [n the event that any provision or clause of this Securiry Instrument or the Note =`�_
<br /> : ' conflicts with applicable luw, such conflict shall not affect other provisions of this Security Instrument ur the Note which can be ° -
<br /> • ' given effect without thc conflicting provision.To this cnd the provisions of this Security Instrument and the Nate arc declared m
<br /> to bc scvcrablc. w ,.
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<br /> • � 16.iiorrower's Copy.Borrower shall be givcn une conformui copy of the Note and of this 3ecurity Instrument. - :
<br /> . Form 3028 9190 '".�
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