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<br /> t L.endcr,i!murtgngo insuraaicc covcmgc(in ihc omount und for thc period ` � .--
<br /> � payments muy no longcr bc rcquucd. nt thc option o ` :�_
<br /> j that Lcndct requires)providcd by on insurcr appravcd hy Lcndcr agn�n tx;comcs uvailnblc und is abtnined.Borrowcr shall pay thc `
<br /> �
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<br /> � premiums raquircd w mNntnin mortgage insurance 1n eifcct,or to provide a loss rescrvc,undl thc rcquiremcnt or mortgt�gc __
<br /> insurm►vc cRds in accordancc��ith any rrrittcn egrcemcnt bctwccn Bonowcr and I.�:ndcr or nQplicnbtc law. '��..
<br /> � 9.InspectMn. Lendcr or its agcm may makc rcasonuble entrles upon and inspecaons oi Uic P:operry. I.cndcr shnll aivc i . ��T,
<br /> ;.r�:,,
<br /> � Borrower naUce�t tho Ume of or prior to stn inspecdon spe�ifying reASOnnblo cause far tha inspecdon. :,z�.;_
<br /> � 10.Condemnatbn. 'Ihe proceeds of any award or clnim for dnmaEcs�direct or consequential,in connecdon �vith su►y :_.� —
<br /> � condemnadon or other tnking of any part of the Propecty.or for conveynnce in licu of condemi�adon,ore heretsy assign;d and , �,. L.
<br /> shall bc paid to Lcndcr. ,���'�a.
<br /> Ued bo Uic sums secnrcd by this Sec�uiry Inswmcnt, <,,,,a=—
<br /> In t1►e event of a tottil wking of the Property,ihc pmceeds shall be app �f������Which the fair markct -----��--
<br /> whcther or not thcn due,with anY excass Paid to B°�r°WEr.In tho event of a partia1 takin8 _
<br /> valuc of the Properry immediatcly before the�s aonower andrL.ende rotf►end�se aBrcetinf w'ting.nth�sums securedSbY this -
<br /> dnsirument immediately beforc the taking, ur►
<br /> Security Instrument shall be recluced by the amount of the proceeds muldplied by tho following frnction: (���u�l�fo etthe
<br /> � the siuns secured in►mediately before ihe taking, divided by (b) the fair market value of��hich�he fair market value of the
<br /> ttticing.My balance shall be paid w Borrower.In the event of a parpal taki►►8 oF the PropertY .
<br /> ! unmediately before the taking is less than the amount of t�e sums secured immediately before the takin8ed to thc . � -_
<br /> ��� in writing or u�less applicable law otherwise provides,the proceeds shall be app
<br /> � Borrower and Lendcr otherwise e8re8
<br /> t sums secured by this Security Inswment whether or not the sums are ihen due. __
<br /> If the Property is abandoned by Boaower,or if.after notice by Lender w Borrower ihat the condemnor offers co�n�
<br /> � award or settle a claim for damages.BorroWer fails to respond to Lender within 30 days after the dete the o°��egums secured ' [, —
<br /> ' is authotlzed co collecc nnd apply the proceeds,at its option,either to restoradon or repair of the PropertY ��—
<br /> by this Security Insuument,whether or not then due. li�on of proceeds to Principal shall not extend or postpone
<br /> �'� Unless Lender and Horrower otherwise agree in wrianB.anY aPP '•`r
<br /> • � the dua dat,e of the monthly payments referred to in psuaBraPhs 1 and 2 or change the amount of such payments. ,n
<br /> � 11.Borrower Not Rele�sed;Fort►earance BY Lender Not a Watver. Extension of the dme for payment or modificadon ,c. .�.
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<br /> of emortizaflon of the sums secured by thls Socurity Instrument granced by Lender to any successor in interest of Borrower shall �
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<br /> — not operate to release tae liaoilitr�f ih�or'sgin�2 Hozro or fuse to extend time foPaYme��otherwisesmod'uY amcatra�uon v �:;�. �. �•
<br /> commence proceedinBs agatnst any successor in interesc Borrower or Borrower's sucr.essors �
<br /> the sums secured by this Securlry Instcument by reason of any demand made by the odginal ,, s-
<br /> in interest Any forbearance by Lender in exercisin8�Y�8ht or remedy shall not be a waiver of or preclude the exercise af any ;: �s ,*
<br /> right or remedy. �
<br /> 12.Successore+end Assigns sound;Joint end Sevtral Liability; Co-signers. The co�enanTS end ageeements of this ' ,.
<br /> � Sec�rity Insuument shall bind and beneCit the successors nnd assigns of Lender and Borrower, subject to the provisions af ,
<br /> ��
<br /> ' • #� . pa�agiaph IT. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-st�s�nve that i-
<br /> "���-�' *; Insuument but does not execute the Note: (a) is co-signing this 3ecuricy Instrument onty to mortgage.gran Y
<br /> Borcower's interest ia the Property under the terms of this Security Insnument;(b) is not pecsonally obligated to pay�he sums
<br /> secured by this Security u►strument;and(c)agcees that Lender and any other Borrower may agcce to extend.modify,forbear or .
<br /> , malce any accommodadans with regard to the tenms of this Securlry Instrument or the�a�w�which�sets maxtn►nm loan ehaeges, - - - 1��
<br /> �� �;. 13.Loaa Chsuges. If the loan sec�red by this Secariry Instrument is subject =A=.__=-
<br /> �+ end that law is Cuielly incerPrencd so that the interest or other loan charges collectcd or to be collecced in connecdon widi the loan ='��
<br /> Y� �x��e p��q,��imits�ttlen; (a)sny such loan charge shaU be reduced by the asnount necessarY w rulace the charge W we __
<br /> `�, pe,�mitted limit;and @)any sums alceady collected from Borrower which exceeded per�r►iued limits will be refunded co Borrower. m -
<br /> choose to muicG ihis refund by rcdacusg tt:e princip2l ewe!� nnder the Note or by making a direct payment to �:;__ _ --
<br />_ ' � Lendcr may _
<br /> Borrower. If a xefund reduces principal,the reducdon wil�be treated es a parual prePayment without any prepaYment charge ,r;;���
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<br /> ' �• under the Notc. -a,r,_---
<br /> J � 14.Notkes. Any notice W Bnnower provided for jn this Securlty Instnunent shall be given by delivering it or b A�B�J __�
<br /> by first class mail unless applicnble law requfres use of another method.The nodce shall be directed to 1he ProPerty' � :�•
<br /> � eny other address Borrower designates by nodce to Lec►der. Ai►y nodce co Lsnder shall be given by fust class mai1 to Lender's ` *- -
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<br /> acJdress stated herein or eny othe,r address Lender designates by notice to Borrower. Any nodce provided for in this Security R+f•'..r''� y..:` r
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<br /> Instrument sha11 be deemed to have been given to Borrower or Lendcr when given as provided in this paragraPh• ,;,,::;+x;;;,W:.:�,,,}>:.:
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<br /> ' 15.Governing Y.aw;SeverabWty. 'Ihis Securiry Insuument shall be governed by federal law and the law of the .
<br />_ .s jurisdiction in which the Propeity is locatecl• In the event that any provision or clause of thjs Security Instrument or the Note ... .
<br /> - , •� conflicts with applteable law,such conflict shall not affect other provisians of this Sec:urity Instrument or the Note whicl►can be , ,
<br />_ � given effect without the cantL'cdng provision.To this end the provisions of ihis Security Insuument�and the Note are declared to
<br /> ; be severable. •
<br />� k Form ao2e oi90 '.
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