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<br /> ' payments may no longer be required.at the option of I.ender,if mortgage insurance covcrage!in the amount and for the peri�ct - .0 �... .
<br /> � < �`� that Lender mquiresl provided by an insurer approved by Ixnder again becomes available ar.d is obtain w��for mortgage � . :. �`` � ,
<br /> , � the premiumc required to mair.tain mortgage insurance in effecc.or to provide a lass mserve.unril the recl " . '.. t- ..,.,,�.••'.
<br /> written a reement 6etweea Borrower and Lender or applicabte law. y , � .,.
<br /> , ensurance ends in acrnrdance witt►anY g ons of the Pro e Lender shall give . �
<br /> ,' - -,�..�;- g,Inspection. l.ender or its agent may make reasonable entries upon and inspecti P nY• . ;;. : .� � :,•_,
<br /> l_.r..-r_ . _ C 6`� _t.
<br /> ,_�, Horrower notice at tfie time of ai prior to an inspettion sAe�ifying rrasonable cause for the inspection.
<br /> ,` � 10.Condemnatton•7'he Pro�s of any award or claim for damages. direct or conseq�ential, in connection with anY
<br /> ` mndemnauon or other taking of any part of the Property.or for conveyance in lieu of condemnatian. are hereby assigned and -4; s�
<br /> l shall be paid to L.ender. In,-uumeru. `
<br /> • . - -{ In the event of a tatal taking of the Property.the praceeds sha11 be applied to the sums secured by ttus Securi hi��y�� ; : . � ,F, ,_t
<br /> ,�;..
<br /> ' ' ,�� ahether or not then due, witf�any excess paid to Borrower. In tt►e event ortf�a e ��n�unt of trohe sums secured by this ` + • ,`.
<br /> -�`:�-; .. r��•-f;, m a r k e t v a l u e of the Pro p e rt y immediately before the taking is exlual ta or� �',-,::•
<br /> ' � ;� :� Security Instrument immediately before the taking.unless Borrower an d L en d e r o t h e r w i s e a g r e e i n w r i t i n g,t h e s ums sectsred b y ` ` ,��
<br /> � � this Security Instniment shal{ be reduced by the amount of the procceds mulqplied by the fo{lowing fraction: (a) the total . c';`�__��:
<br /> amount of the sums secured immed�ately before the caking,divided by(b)the fair marke9.value of the PropertY immed►ately '` :_
<br /> before the taking. Any balance shafl be paid to Bormwer. In the event of a partial taking of the Property in which the fair � .<.'.
<br /> ��=.�:.
<br /> � • market value of the Propeny immediately bcfore the talcin�is less than the amount of the sums secvred immediatelY before the
<br /> , . :.; taking,unless Borrowcr and l.�nder enhenvise sgroe in writing or unles+applicable law utherwise pmvides.the proceeds shall -- V
<br /> � be applicd to the sum+yc�'urcd by thi+Sccurity In,trument whether or n��t the sums are thzn due.
<br /> • �. ' If the Property i�SbandoneJ by 9��nnwer,or if.alier notice by l.ender tn l3armwer ttwt ti�e condemnor offecs to matce an '�.-�_
<br /> � �'�`� award ur +calc a claim f+�r dar�+gc+• gr�rruwer fails to respond u> Lcnder �vithin 30 dayy aftcr the date the notice is given. �'�L�
<br /> �� • Len dcr iti aut b��riic d w cu l l cct and u P p1 Y the prncccdti.at its�ption.cither w r�wturatinn or rcpair of the Praperty ar to the�ums : �• ���-
<br /> � � sccurrd by thi.Sccurity Intitrument.Nhethcr ur nat then duc• . �`� :++�L=-
<br /> � � -'.� Unlcs. l.cnder and Bnrrowcr uthcrwisc agree in writing, any appliration of proceedy to principal shall not extend or � ;�-,;. .,�
<br /> .�,. ,,.,
<br /> Y p Y �s,r,,.��,.,
<br /> � � �� ; postpane the Jue date of thr monthl a ments mferred to in paragraphs t and 2 or cbange the amount of such payments.
<br /> . r i l.Borro�r•er 1lot Released:For6eacance By Lender Nut a Wa[ver.Extension of the time far payment or madification ,' :�':•�y�- ,�'
<br /> " of amortization of the sums secured by this Security icuwmeeet ganted by L.cn der to any successor in interest of Borrower shall , . ;1 .;j �
<br /> ' ' �!. �t nat operate ta release the liability of the original Sorrower ar Borrower s successors in interest.Lender shali not be required W `' •���
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortilation `°.t. ;.,�
<br /> ,.. �,._.--
<br /> � of the sums secured by this Security Instrument by reasan of any demand made by the original Borrower or Borrower's __
<br /> ' • successors in interest. Any forbearance by Lender in exercising any tiSht or remedy shall not be a waiver of ot preclude the _ _;_
<br /> �i�
<br /> • exercise of any right or remedy. ••i:��J-�'
<br /> � 12. Successotis and Assigas Bound: Joirrt and Severa� Llability;Co-signers. The cavenanu and agreemenu of this �_
<br /> - • � -. � - Securiry Instrument shall bind and benefit the successors and assigns af Lender and Borrower. subject to the provisions of :;_-�
<br /> � paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs tYus Security .: r:,,�;:.-
<br /> y g g t and conve that �. �:�-�
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument onl to mort a e. gran Y .,��f.-;�_
<br /> ���' Borrower's interest in the Property under the terms of this Security Instniment:(b)is not personaSlY obligat�d to pay the sums , •� :�•-_ __
<br /> ' � that l.ender and any other Borrower may agree to extend,modify.forbear or , �'�,
<br /> • • secured by this Security Instrument:and(c)agrees . • ��=:�
<br /> • • make any accommodations with regard to the tem►s af ihis Security Instrument ar the Note withaut that Borrower's consent. �,.���.
<br /> � • �3, Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loun charges.
<br /> - and that law is finalty interpreted so that the interest or other loan charges collected or to be collected in connection with the : ���.
<br /> ';, - ' . loan exceed the permitted limi�s,then: (a)any such laan charge shall be reduced by the amount necessary eo reduce the eharge . v
<br /> • ' � to the permitted limit;and(b)any sums already collected from Borrower which exceeded pem►itted limiu will be refunded to -
<br /> � • . • Borrower. Lender may ch�ose to make this refund by reducing the principal owed under the Nate or by maEcing a direct _
<br /> �� payment to Borrawer. If a refund reduces principal. the reduction will be treated as a part�al prepayment without any -� ^�
<br /> . � prepayment charge under the Note. . '�`� : ""`
<br /> : . �� ' l4.Notices.Any notice to Borrawer provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> ' , it by first class mail unle�s applicabte law requires use af anoiher methad.The notice shall be directed to the Property Address
<br /> � • or any other addte�s Borcower designates by notice to Lender. Any notice to Lender shall be given by first class mail ta •
<br /> Lender'�addre�s stated hcrcin or any other address 1.endcr designates by notice to Borrower. Any notice provided for in this
<br /> • ' Security Instrument shall be deemed to have becn given to Bottower or Lender when given as provided in this parasraph. .,
<br /> � 15.Governing La�v; Severability. This Sceuriry lnstrumcnt shall be govcrncd by federal law and the law of the
<br /> � � ' jurisdiction in which the Property ic located. In the event that any provision or elause of this Security Instrument or[he Note
<br /> � . ' canflicts with applicable law.tiuch co�oV'tiion,To thitif end the pPovis'ions of thi.wSSecur ty Instrumenttand`the Not are d ared . . ' ,.
<br /> . g i v e n e f f e c t w i t h o u t t h e c u n f l u u n g p
<br /> . to hc sevcrablc. � ••
<br /> �., . , � � 16,gorro�ver'�Copy.Borrower�hall be given one rnnfnrmed copy of the Note and of this Security lnstrument.
<br /> � Form 3028 9190
<br /> - - , Pege 4 0�6 .
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