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<br /> ; p,iymcnis onny no longcn c�rcyuired,ut thc npcion of l.cnder, if mongagc insuruncc ciwcrugc(in thc amountand for thc period —
<br /> " ' thut I.cnder rcquires)pruvidcJ by on insurcr upproved by l..ender ugnin becomes uvailubie and is abtaincd. Borrmvcr shall puy �
<br /> tli� prcmiums rcquircd to maintnin mort�nge intiur�mce in effect, ur to pravide a loss rc�erve,until die rcquirement for mortgugc �
<br /> insurunce ends in accordanee with any written ugreement between Borro�ver und l.ender or upplicuble la�w.
<br />�-.�•,�� 9.EnY�xcdnn. Lendcr or its ngent mny makc rcasonuble entrics upon and inspections of thc Property.l.endcr shall give �
<br /> -_'.�� Borro�ver nntice at the time of or prior to an inspection specifying reasonuble cause for the inspection. _
<br />__='"`....� 10. Coudemnutlon. The prnceeds of uny award or claim far damnges, direct or consequential. in connection with any _
<br />��..�� condemni�tion or other tuking of uny purt of the Property, or for conveyance in lieu of condemnution, are hereby assigned und
<br /> _..� chall hc p:iid to l.endcr. _
<br /> ••�`� In the event of a tatu!taking of the Propeny,the proceeds shall be appiied ta ihc sums sec:ured by �hi� Securiry lnstrument,
<br /> ;A• whether or not then due, with any excess paid to Borrnwer. In the event of a partial taking of the Property in which the fair
<br /> • markct value of the Propeny immcdiately before the takin� is equal to or greater than the amount of thc swi�s saured by this
<br /> � Sccuricy Instrumcnt immediateiy before the taking,unless Horcower and Lender otherwise agree in writing, the sums secured by
<br />��wk°:r'� this Securiry Instrument shall be reduced by the atnount of the proceeds multiplied by the following frxtion: (a)the tatal
<br />��:�rrtt�, am�unt of the srms sccured immediately before the taking,dividcd by (b) the fair market valuc of the Property immediatcly
<br />---=;��. bef'ore the tuking. Any bulw�ce sf�ull t�e paid to Borrower. In the event of a partial taking of the Praperty in which the fair f
<br />"-`�'"�'_'� market v31ue of the Property immediately befare thc taking is less than the amount of the sums secured imnxdiatcly before the
<br /> : �• taking,unlcss Boreower und I.cnder otherwise agrec in writing or unless applicablc law otherwise provides,the proceeds shall
<br /> ��;tr� be applicd to the sums securui by this Sccuriry Instrument whether or not the sums are then due.
<br /> --��� If the Property is�bsndoned by Aonower, or if, ufter notice by i.ender ta Borrower that the condemnor offers to make an
<br /> �'''��'A-�'__,,;� nward or settle u claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> ��v�Y�� [xnder is authorized to collect and apply the proceeds,at its option,eit her to restora[ion or re pair of the Property or to the sums
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<br />__:.�� secured by this Securiry Instrument,whether or not then due.
<br /> - � Unless Lender und Horrower otherwise agree in writing. any application of proceeds to principal shail not extend or
<br /> � postpone the duc date of the monthly payments referred to in para�raphs l and 2 or change the umount of such payments.
<br /> _--- 11. Borrower Not Released;Forbearance By Lender Not a Wuiver.Extension of the time far paymen[or modification
<br /> - of amortizuiion uf ii�n suuw s�.u«:�y t�;�S°.cu::s�Ins:stlmer.!gn�rP�1 hy i.ender to any successor in interest of Borrower shall
<br /> _ not operate to release the lisbility of the original Borrower ar Bonower's successors in interest. I.ender shall not be required to
<br /> -- commence procccdings against any succcssor in interest or refuse to extend time for payment or othenvise modify amortiaatlon
<br /> -- of the sums secured by this Security Instrument by reason of any demand made by the uriginal Borrower or Bonower's
<br /> successors in interest. Any forbearance by Lender in exercisin� any right or remedy shall not be a waiver of or preclude the
<br /> �-'�• exercise of any right or remedy.
<br /> 12. Succ:�sors und Asslgns Bound; Joint und Severul Ltabiltty; l:o-signers. The covenants and agreerr►ents of this
<br /> Security lnstrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be jofnt and several. Any Borrower who casigns this Security
<br /> ' Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, �rant anc! convey that
<br /> � Borrower's interest in the Pro�erty under the terms of this Security Instrument;(b}is not persunally obli�ated to pay the sums
<br /> � secural by this Seciarity Instrument;ar.d(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or
<br /> ; makc uny eccommodations with regard to the terms of this Security Instrument or the Note without that Bosrower's wnsent.
<br /> — 13. Loan Charges.If the loan secured by this Security Instrument is subject to a luw which sets maximum loan charges,
<br /> � and that law is finally interpmted so thut the interest or other loan charges collected or to be collectecl imm�nection with the
<br /> loan exceed the permitted llmits, then: (a)any such loan charge shull be reduced by the s�mount necessary io r�uce the charge
<br /> :-� to the permitted limit; and(b)any sums already collected from Borrower which exceedecl permitted limits will be refunded to
<br /> Bonawer. Lc:ader mny chaose to make this refund by reducing the principal owed under the Note or by makin� a direct
<br /> . payment to Borcower. If a refund reduces principal, the reduction will be treated as a partial prepayment �vithout any
<br /> prepayment char�e under the Note.
<br /> 14.Nottces. Any noticc to Borrower provided for in this Saurity[nstrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method.The notice shall be directed to �he Property Address
<br /> or any other address Borrower dcsignates by noticc to I.ender. Any notice to Lender shall be given by Frst class mail to
<br /> — L.endcr's nddress stnted herein or any other address Lcnder designates by notice to Borrower. Any noticeprovided for in this
<br /> _-- -- =� Security Instrument shall be daemul to hnve been given co Bui�rower or L.ender when given As provided in this para�raph.
<br /> - � 15.Govcrning Law; Severn'bil{ty. This Security Instrument shall bc governed by fcderal law and thc law of the
<br /> ,� ; jurisdictian in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note
<br /> - --= ; wnflicts with applicuble law,such conflict shs►II not affect other provisions of this Security Instrument or t�e Note which can be
<br /> - , given effect without the conflicting provision. To this end the provisions of this Security Instrument and� the Note are declared
<br /> "�"'-'i j to be severnblc.
<br /> -`-°°-°-- 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security ]nstrument. ,
<br />--'--'�'� � Form 3028 'JI90 '
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