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<br /> , . . � 98- ����.`�'40 .
<br /> �' ; ` ' payments may no longer be re�luired.at the oPtion of i�ender.if mongage insurance ooverage(in the amount and for the period \. � . .
<br /> ' �;,endet requires�pmvided by an ins�rer apProved by Ixuder again becomes available and is obtainea. Borrower shatl pay ,
<br /> to maintain mortgage ic�surance in effecc.or w Rmvide a 2oss reserve,uatil the coqairemeat for mortgage
<br />- , • .•°` the picmiums required �� ucabte law. � '" ' •
<br /> ' ;:�°`"'"�<. insurance ends ia accordance with any written a ent between Borcower and I ender or app' . " .. . ."
<br /> ` :, ` ' _ .� 9.Inspedion. Lender or its ageut may make reasonable eatries upon and inspections flf the Property. Lxnder sha11 gi�+e - - _ ' _
<br /> , - - - Borrower notice at the time of or prior ta an in�xion specifYinB reaso n a b 2 e cavse for t he i n s p e c t i o n.
<br /> � . . 10. Coademnatiaa. The pmceeds of aay award or claim for damages. ditecc or consequential. ia connection with any
<br /> � . oo�emnation or other taldng of aay parc of ttee Property.or for conveyance ia lien of coademnation. are hereby assigned and . ,
<br /> ` • , , `� shall be paid to Leuder. '
<br /> ' � .�; In the eveut of a mtal talang of the Property.the pmceeds sLall be applied to the sut�s secaued by this Seturity Insuument, ' , .��e._
<br /> w h e s her or nat then due,with anY excess Pai�ta B°Tr°wer. Ia the event of a partial taking of the PropertY in a+hich the fair
<br />- ` � ' . market value af the PropertY inamediatetY before the taking is equal to or greater than the amount of the sums s e c u r e d b y t h i s :: �-
<br /> ,- . ,. ., • �"'�:�� .:
<br /> Securiry Insuvment immediately befoie the taking.unless Borrower and Lender otherarise agree u►writing.the sums s�cured by
<br /> . this SeQUiry Insuuanent shaU be reduced bl+ the amount of the proceeds multiplied by the following fracaoa: (a) the total � �,
<br /> . .. amount of the sums secured immediatel3+before the taking,divided by(b)the fair m�rket value of the Property immedia�elY . - . ;___
<br /> ` • before the taking. Any balance s6a11 be paid to Borrower. In the event of a par[ial t�in8 of the Propert3► ia wIuch the fair •, , .
<br />.` • ,. `�' market value af the PropertY immediately before the taking is less than the amouat of the sums secured immediately before the . .,`:4.,: -
<br /> � taldng,unle�s Bomawer and Leader otheswise agtee in writmg or uatess applicable law othecarise provides.the pmceeds s6a11 , , .'-:`s�_
<br />" be applied to the snms secured bY this Security Insuument whether or not the sums aie then due. `,-:,Y.�--
<br /> � �. -
<br /> .. ' • . . . •:c`::. If the Pcoperty is abandone4 by Borrower,or if,after nodce by Lender to Bormwer that the condemnoz offeis to make an ;.. ,., ':i�—
<br /> . - award or settle a claim for damages, Borrower faiks to n�sPond t°Lenaer within 30 days af3er the date the aotice is givea. _ �;�:�„�-
<br /> � ' ' l.ender is aathori�d to oollect aacl aPPjY�e F1O�•���opdon,either to restoration or repair of the Property or to the sums -
<br /> � . �r>'���:-.
<br /> ' �• secured by this Security Instrument,whether or not then dus. . %'�-�_
<br /> •� Unless Lxader and Borrower otherwise agree in writing, anY aPPlication of pruceeds to princlpal s1�a11 not extend or � ���r�;,�_-
<br />- _ _ _,,.. .�__ po�oas the due date of the monthly payments ceferred to ia paragraphs 1 and 2 or cbange the amount of such payments. ..- .'_,-�-�.�.
<br /> Il.Borrower Not Releasedt Forbesrance SY Lende�'Not a Waives•Exteasion of the time for payment or modification �_--
<br /> Lencterto an successor in interest of Bomuwer shaU � �;--_
<br /> � of amornration of the swns secured bY tbis SecuntY Insuument granted 6'Y Y : :•r.,�:-
<br /> � . • � �,:% not operate to retease the liabiliry of[he original Borrower or Borrower's svccessors in interest.Lender shall not be reqnired to , : :�w-
<br /> .. '4.-
<br /> , ��P��ings against auY successor in interest or refus�to extead time for payraent or otheiwise mudifY unortizauoa , _
<br /> .. . of the sums saa�red by this SecuritY Instcuaunt by reason of any demand made by the asigtnal Bormwer or Borrower's . . ---_
<br /> ' � successots in interest. Any forbearance lry Lender in exercising any right or remedy sLaU not be a waiver of or prechide the _;�-.8�
<br />°'� � • �. . exercise of an}r right or remedy. ers.The covenanu and ageemenis of this ' ���__-
<br />;�.�. 12. Successors and Assigag Bound;Joiat and Sevecal Uability;Co-stgn . --
<br />, ,,_ g ,�s��
<br /> � - ,- -- - �rity Insuument shall bind aad beaefit the successo�s and assigns of Lender aad Borroa+er. subject to the provisions of i__
<br /> ts shall be oint and sevenl. Any Borrower who co-sigas this S�ty �:�•=L
<br /> ' paragraph 17. Borrower's covenants and agreemen 1 • • • "'�'-_
<br /> � �� Insm�ment but does not execute[he Note: (a)is co-signing this Securit3+ Insuument only to mortgage.graat and convey that _
<br /> ' BormwePs inierest in tiie Pcoperry under the tetms of this SP.curity lnsmimeat;(b)is not personaUy obligated to pay the sums , _
<br /> ' � secured by tlus Security Insuument;and(c)agrces that Lender and anY dther Bosrower may agre�to extend,modify, forbeaz or _ _
<br /> �. ,.. . . . � malce any accommodations wnth regard to the temjs of thss Securiry IaStrtement or fie Note without that Borrower's consent. - . . . __ -
<br /> 13,Loan C6aiges.If the loan secured by this Security lnstmmeat is subject to a law which sets maximum loan charges, ; ��i
<br /> � and tls�t law is finally intetpreted so that the interest or other loaa charges collected or to be collected in connection arith the : :-,___
<br /> :..:•� ••, �'� loan exQeed the pemritted limiu,then: (a)any sucb loan chazge shall be reduced by the aaount necessary to reduce ehe charge . . , __
<br /> ' � to the pern»tted limi�;and(b)anY swns already collected from Borrower which exceeded permitted limits will be refanded to .- . - .
<br /> � Boaower. Lender may choose to make this refund by reducing the principal owed under tUe IVote or by making a direct , _
<br /> . • � • , payment to Borrower. If a refund reduces principal, the reduction wi11 be treated as a partial prepayment without any
<br /> � . prepayment charge under the Note. : .� '
<br /> 14.Nottces.Any notice[o Borrower provided for in tinis Secwiry Insm�ment shall�e given by delivering if or by mailiag
<br />. � it by first class mail unless applicable law requires use of ano�ez method.The notice shall be direaed to the Property Address :. . . .
<br /> � or any other address Borrower designates by catice to Lender. My not:ce to Lender shall be given by first class mail to
<br />� ; Lender's address stated herein or any other address Lendet desi�nates by notice to Borrower. Any notice provided for in this • ,
<br /> 5ecurity insuument shall be deemed to have been given ro Borrower or Lender when given as pmvided in this paragraph•
<br /> '' 15.Goveming Law; Severabllity. This Security Insuument shall be govemed by federal law and the law of the
<br /> � . • jiuisdiction in which the Properry is located. ln the event chac any provision or clause of this Security lnstnunent or the Note ..
<br /> , � . wnflicu with applicable law,such conflict shall not affect other provisions of this Securiry]nstrument or the Note which can be .
<br /> � given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note aze deelared
<br /> • to be severable. �.
<br />: . ' '� 16.Burrower's Copy.Baaower shall be given one conformed copy of the Note and of this Security Instrument. . . . '
<br /> I Form 3028 9! 0 .
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