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<br /> _ ' � payments may no longer be required.at the opdon of ixnder.if mortgage insunance coverage(in the amount and for the period �
<br /> `�,
<br /> �:.v that Lender requi�es)Provided 6y an insurer approvod by Lender again becomes availabte and is obtained.Socmwer shall FaY . ..: 'k• ` '
<br /> • a for mnrt e t :..:
<br /> • the premiums iequu�d W maiataim m�rtgage insurnnce in effect,or to provide a loss reserve.until the reqnir�nne t Sag � . f. . .
<br /> ��t'�' iy �`t iusvrance ends in aocordance with aay written agreement between Borrower and Lender or applicable law. �j < .
<br /> I.ender shalf ve �°,,<,�.� `" `�
<br /> `: ': . . `- 9.Insp�ction.Iander or its agent araY make reasonable entries upan and inspections of the Property. � � �
<br /> ' .:� ' ,- •i-.4a... �. - .
<br /> � •. "�.• eci � reasonabte cause for the inspecbion. �„ .. f
<br /> ,�, ;`. gcsrrower notice at t he time o f or prior to an ins p e c t ion sp fY'n8 ':.t•
<br /><., , �..�.Y 10.Condemnatton.The proceeds of any aaard or claim for damages. dirert or consequendal. in co�ection wiW an� :�;:'.,�,,i:.;: ..:,
<br /> - -- of an art af the ProFertY.or for conveyance in lieu o f co n d e m n a don.are hereb Y asstga�� _
<br /> ` - .� condemnation or ather takit�g Y P � -
<br /> . shali be paid w Leuder. ` � .
<br /> �, f.- Led to the sums secure�by this Security Instrumeat�
<br />- :� Ia thc evert of a wtal taldng ef the Property.the Frocxeds shall 6e app' m which the f' .
<br /> whether or not then dae, with any excess paid to Borrower. In the event of a partial takinS of the Frapeit}+ � � �: a �. �
<br /> a market value of the Property imra�d�ately before the taking is equal to or greater d�an the amount of the sums secured by this .:"s : .,�,,:* :
<br /> �.. �. . ��:� _� <.. �:� :
<br /> , .<• . ,;.° Securitq Insuumem immc�diatety before the taking,unless Botrower and Lender otherwise agree in writing.the sums secured by . � j L-
<br /> ', s'. � � ,� �,.r: this Security Instrument shall be reduced by the amount of the proceeds mulriplied by the foltowing fiaction: (a)the total
<br /> ��..�:' , '-';---
<br />- amount of the sams seivied immediatety before t&e takin8,divided by N)the fair market valae of the Property imrnediatetY ,��`--::-
<br /> ` � before the taking. An}+balance s6a11 be paid to Borrower. In the event of a partial tak'sng of the Praperty in wtac�efare the •'�` �-.`-�
<br /> :. � .'' 'i, market value of the Property immediately before the taking is less d�an the amount of tl�e sums sec�ted imatediatelY ° t _ _
<br /> -�.:r.,
<br /> � . taldng,unless Borrower and i.ender otherwise ag�in writing or unless aPPlicable law otherwise provides. the proceeds shall ;•.,.
<br /> . •,",% be applied to the sums secured by this Security Insnvment whether or not the sunas are then due. . .
<br /> .. �. `. ' - ff the Prnperty is abandoned by Batrower.or if,after notice by Lender w Bosrower that tfie oondemnor offers to make an _
<br />�-,��' � award or settle a claim for darnages,8orrower fails w cespond[o Leader within 30 days after the date the aotice is given, �
<br /> — �--- •- r'� Lender is amhori7cd to wAect and�.Y the pmceeds.at its optie?..either t4 restoratian or repair of the Property or to the sums _� ' - ._—
<br /> ,�} .. .-_ _
<br /> • s e c v m d by t h is Securi ty I n s u u ment,whether or not then due. �I��of raceeds to principa� s1�a11 not exte n d or • �
<br /> - Unless l.ender and Bormwer otherwise agee in writing, anY aPP� p u•�a,�
<br /> � � `. � `.' gostpone the due date of the montlilY payments referred to in paragraPbs 1 and 2 or change the amount of suc''a payments.. .�,?�•�.<-
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<br /> 11.Borrower Not Released;Forbeasance BY�d�'Not a N►a[ver.Extension of the time far payme t.,. ,.,,..,
<br /> ' or in interest of Borrower sball ,��' v
<br /> _.. . ._ � of amortization of the swns secured by this SecaritY Instrument granted by Lender to a�+success __ _-.��_-
<br /> ..'1 ��� � not operate w release the liabiliry of the original B�rrower or Borrower's successors in imerest.I.ender shalt not be require�to . —_ _
<br /> "' . .''�" �'• wmmence pmceedinas agaiiut auy successor in imerest or refuse to extend time for payment or othenu�se modify stnort�non �s:`•��,.�
<br /> {. :•- -
<br /> � of the suu�s secured by this Security Inswment by reason af any demand made by the originai Borrower or Borrower's :N:;y, ;
<br />.'��� �'.' '��.���.�. suvicessors in interesE. Auy forbearance by Lender in exe�ising any right or remedy sha11 not be a waiver of or precletde the '�.i �.;_-_--
<br /> r'r 3;�,
<br /> ",. ,�Y.`'� ..:, exemise of any right or remedy.
<br /> ;•,+ • Bound;Joint and Seveeal U86ility; Co-�igne�s. T�e�oveaants and agreemerrts af tl�is '`�;r,R --
<br /> . � �• 12. Successois and Asstgns : c'°L=-
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<br /> ;::• � ; • gecurity Instrument shall bind aad benefit thc successors and assigns of i.ender and Barrower. subjert to the pmvisions of P!w ��.
<br /> �-�` . � � P�S�Ph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who ¢�ssigns this Security . `,,`: ,' -_—
<br /> �� • � , Instrumeat but does not caecute the Note: (a)is co-signing this Security Instnunent only to mortgage.grant and wnvey that _ _ _
<br /> . . � ` • Borrower's interest in the Property under the tcrms of this Security Instrument:(b)is not Personally obligated to pay the sums �,_-��
<br /> � secured by this Securiry Instrument;aad(c)agrees that Lender and any other Borrawer may agcee to extend,modify.forbear or _
<br /> � ' ' " make atcy accommodations with reSard to the tecros of this Secvrity lnsm►ment or the Note without that Borrower's wnsent• ��=:
<br /> '� 13,Loan Ct�arges.If the loan secured by this Security Instrument is subject to a law which sets ma�rimum loan charges, :`.,' _��
<br /> .;��.�.:� .'. ,' and that law is finally interpreted so that the interest or other loan charges wllected or ta be collected ia connection with the �z,��{L,,-
<br /> • `�' [oan exceed the pertnitted limiu,then: (a)any such loan charge shall be t+educed by the amarnt necessary to reduce the charge .^�.
<br /> �. � • to the pennitted limit:end(6)any sums alreadY wlle�d from Borrower which exceeded(a..';mitted 1imits will be refunded to _ ,,; --_—__
<br /> �_ . � -
<br /> � _ .: Borrower. l.ender may chaose to make this refund by reducing the principal owed under the Note or by making a direct �;�_�-s;
<br /> ?L • ent without an ' -'==-
<br /> ;-� • : payment to Borrower. If a refuad reduces pricecipal. the teduction will he treated as a partial prepaym y - .;:,�'<�� �
<br /> ` ' prepayment charge under the Note. ;.�:'�°-_'"-
<br /> r;:. : _ _ ..
<br /> `•.; ... � • 14.Notices.Any notice to Bosower provided for in this 3ecurity Inshument shall be given by dellvering it or by mailing
<br /> �;• � lt by first class mtil unless applicable law requires use of anot��tnethod.The notice shall be directed to the Properry Address ��•�T'.�
<br /> � � ' or any other address Borrower desi�nates by notice to Lender. Any notice to Lender shall be given by first class mail to .
<br /> e�>��, ' ' Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this .. � . �:'
<br />.11�.\• . . ''�it ��Y ..: .._J�. :
<br /> . � , Security lnstrument shali be deemed to have been given to Borrower or Lender when given as provided in this paragrapri.
<br /> • ' 7S.GoverNng Law; Severability. This Security Instrument shall be governed by federal law and the law ofthe ��--+-::` ;
<br /> -� .. . ' . jurisdiction in which the Property is tocated. In the event that any provision or ctause of this Security Instrument or the Note .
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> , - given effect without the amflicting provision.To this end the provisions of this Security lnstrument and the Note are declazed ' 4f4.'m. .
<br /> • • . • • to be severable. � �;
<br /> 16.Bosrower's Copy.Bonower shall be given one conformed copy of the Note and of this Security Instrument. .. ��'�
<br /> ,'��;::• Form3028 9190
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