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<br /> . . . payments may no tonger be raquiied,az the option of Ixnder,if morcgage insuranoe ooverage(in the amount and for the period ° � °
<br /> � • .'�: tbat Lender cequires)Pmvided by an insurer approved by Lender again becomes available and is obtained.Bomower shall pay ,r . .
<br /> ° u'r
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<br /> , the premiums requued to maintain mortgage insurance in effax.or to provide a loss reserve,until the requiiement for moagage ,: �� - �
<br /> - � - �w� insurancx ends in accordance with any written agreement betweea Bormwer and Lender or applicable law. �' ..
<br /> � �=-�- �:'w'� 9.Iaspection.Lender or iu agent may make reasonable entries upon and inspeaions of the Property. Lender shall give , •
<br /> �_ �`: :� .� .�; -� . -- -� ---
<br /> Borrower notice az the time of or prior to an inspection specifying reasonable cause for the inspettion.
<br /> _ , - . -.� �'� 10.Condemnatton.The proceeds of aay award or claim for damages. direct or oo�equendal. in taancaion with any --�-.____ ,
<br /> � wademnasion or other taking of any part of the Property,or for coaveyance in lieu of condemaation, are hereby assigned and , . . .
<br /> `.� ' shall be paid to Lender. � �
<br /> ,z� ' ' In the eveat of a cotal takiag of the Property,t��praceeds shali be applied to the sums secured by titis Securiry Insmunen� . .
<br /> ' ' • whether or not then due.witb any excess paid to Borro+�ver. Isi the event of a paitial taking of the Properry in wiuch the fair -- �
<br /> ' , market vaIue of the Property immediately before the taEcing is equal to or greater tl�aa the amount of the sums secured by this _� , �_�_,
<br /> '` ' . S�urity instrument unmediately before the taking.unless Bormwer and Lender otheivuise agtee in a�ritiag.the sums secuc�cl by �-�w:
<br /> ,' � this Security Instrument shall be reduced by the amount of the pmceeds multiplied by the following fracxion: (a)ttte total • "� � _
<br /> .A,'- . . amount of the sums secured immediatety before the ta&ing,divided by(b)the fair market value of the Property immediately - _-
<br /> f , ° before the talcing. Aay balance shall be paid to Barmwer. In the eveat of a partial taking of the Property in which the fair . . °r—,.
<br /> " ? market value of the Praperty immediately befom the taking is less than the aznount of the snms secared iwmediately be.fore the ° ;`,�-
<br /> '� • . taYing,ualess Bormwer and Ixader othernise agree in writing or uoless applicabte law otherarise provides, the proceeds shall :• ..�;�-
<br /> :• .�. � _ �--
<br />;i�= . ` be apptied to the s�s s�ecured by this Security Instrnment whether or not the sums are then due.
<br /> , ' , �! If the Property is abaadoned by Borrower.or if,after notice by Lender to Borrower that the condemnor offe�s to make an ,.c.! �.`_'��`"
<br /> " � - award or settle a claim for damages,Borrower fails to respoad to Lender within 30 days after the date ttce notice is giveu, :�:��:.;;;;; �-�•T-
<br /> • Lender is aut[�orized to collect and app1y the procceds.at its option,eithet to zestoratioa or repair of the Pmperty or to the sums —'-:'�`..; '`��`�"
<br /> :....,.,•���--
<br /> , . . secuted by this Security lnstrument,whether or not thea due. ';�"'`�',. �`--
<br /> �f,�,,�,�.� . �`�:
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<br /> Ualess Lender and Bortower otherarise agree in writinS, �Y aPP�cauon of proceeds w priacipal shal!not extend or ,:%;...�;'�_.�.__
<br /> �• • • postpone the due date of the montiily payments referred to in paragraphs 1 aud 2 or change ttte amount of snch payments. � `';:•;";.-'°`
<br /> ;.,., ��
<br /> - 11.Borrower Not Reteased;Forbearance By Lender Nat a Waiver.Extension af the ame for payment or modification ° 'r;��r:.,:;:��
<br /> ' • of amortization of the sums secured by this Securiry Insaumeat granted by Lender to aay saccessor in inteiest of Borrower shall .'�"�;�.;,;—--
<br /> , '. .r:�,,;t. _-
<br /> - not opecate to release the liab�ity of the origi�l Borrower or Borrower s successors in interest.Lender shaU not be required to �r r..,.• ,�'.}.�.
<br /> . . commence pmceedings against any successor in interest or nefuse to extead time for payment or otherwise modify amorti7ation =
<br /> � � of the sums secuted by this 5ecurity Instnunenc by reason of any deusand made by the original Borrower or Borrower's � _
<br />..�+.��. , successors ia interest. Any forbearaace by Lender in exer�ising azry right or reme�y shall not be a waiver of or preclude the " .„ -:
<br /> exercise of any right or remedy. __�
<br />.. � . • ;, 12. Sacce�ors and A�gas Bonad,Joint and Sesera! Liability, Co-�ne�s. The covenants and agreer�ents of Wis ' "�
<br /> ' Sewrity Inscrument shall bind and benefit the succe�sors and assigns of Lender and Bono�ver, subject to the provisions of .
<br /> " paragrapb 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security + , • ; �-�-`_'�^
<br /> . , Instrument but daes not eaecute the Note: (a) is co-signing this Security Insuument only to mongage,grant and convey that ��'��
<br /> '. �i}7`,.�
<br /> �' � Borrower's interest in the Property under the terms of this Securiry Instrument; (b)is cat petsonalIy obligated to pay the sums . '_��_;
<br />, :�,.; ' , • � . secured by this Security Insuuur�ent:and(c)agrees Wai Lender and any other Borroa�e:may agree to extend,modiEy,forbear or � ,
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<br /> make any accommodations witb regard to the terms of this Securiry Instrument or the Note withwt that Borrower's consent. • ., ���'�-�-�
<br /> •� ���.� 13.Laan C�iarges.If the loan secured by this Security Instnuneat is subjea to a law wbicR sets maximum loan chazges, .. _-
<br /> �• '� . •� and that law is fmall inte reted so that the interest or other loan char es collected or to 6e collected in connection a+ith the ' �i
<br /> ,. .� . Y rP g `'��-
<br /> �<.�� . . � toan exceed the pennitted li�ics,then: (a)any such loan charge shaU be reduced by c.'*.e amount necessary to redace the charge _-
<br /> to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limiu wiU be refunded to
<br />;'�"' • � Boaower. I.ender may choose to m a ke t his re f u n d by r e ducing t he princip a l ow e d un der t h e N o t e o i b y m a k i n g a d i r e c t ..
<br /> ' '. . '�. payment to Borrower. If a refun8 reduces principal, the reduction will be treated as a partial prepayment without amy � �
<br /> .. , � prepayment chazge under the Note. . ' .
<br /> __ ' 14.Notices.Any notice to Borrower provided for in this Security Instrument sha31 be given 6y delivering it or by mailing - • ,
<br /> �.'',� � • . • it by first class mail unless a;��icable law requires use of auother methad.The notice shall be directed to the Property Address • .
<br /> • or any other address Borrawer designates by notice to Lender. My notice to Lender shall be given by first ctass mail to
<br /> � . � Lender's address stated herein or any other address Lender desigaates by notice to Borrower. Any notice provided for in this •. ' . _.:
<br /> .•�t � � . Security lnstrument shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. � . .
<br /> - � 15.Governing Law; Severabllity. This Security Instrument shall be go�e:*ied by federal law and the law of the . .
<br /> jurisdiction in which the Propeny is located. ln the event that any provisian or clause of this Security instrument or the Note
<br /> :-.,�, conflicts with applicable law,such conflict shall not affeet other provisions of this Security Instnunent or the Note which can be . .
<br /> : � . given effect without the conflicting provision.To this end the provisions of this Security lnstrument and the Note are declazed .
<br /> • � to be severable. .
<br /> � 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security lnstroment. . .
<br /> Form 3028 9190 '
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