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<br /> paymenGs mey no Innger tse required, at the option of Lxnder, if mortbxge ii�tiuranc�covcnige (in the+unount and for di�period �• _
<br /> tliat Ixnder teyuires)providrd by xn ia�urer xpproved by Ixnder again becont�s available ansl is ohtnined. Hi�rruwer slu�ll pay �
<br /> the premiurns required ro mxintuin ninrtga�e insurs►nce in effect,��r to provide f�li�ss reserve,until the requirrment far murtgage �
<br /> insurance enJs iu aci<uckuice wich any written agrrement hetween Borrower xnd L.ender ur xpplicable la�uv. i
<br /> 9.Inspection. Leader ar iGC agent may n�ake reasonable entrles upon and tnspectians uf the Propeny. Ixnder shull give T
<br /> Borrawer�c�eice at the time of or priar to an iati�ection specifying censanable cause for the inspectiun.
<br /> 10. Condemnatlon. The praceeds of any award or claim for damages, direct or con,eyuential, in connec:tion wid� xny .
<br /> ' condewnation or other talcing of any part of the Praperty.or for wnveyance in lieu uf condemnntion, are liereby nssigned nud �
<br /> , shull be paid to Lender. � -
<br /> In the event of a total taking of the Property,the proceeds shall he applied to the svms secured by dus Security intiwment, !
<br /> whether or not then due. with any excess pald to Bonower. ln the event af a partial taking af the Praperty in w6ich die fair I _
<br /> macket value of the Propeny immedlacely before the tt�Cing is equal to or greater tbaia the amount af the sums secured by thls
<br /> Security Insuument immediately before the taking,unless Bonower and Lender otherwise agree ia writing,the sums secured by :�_�_�,�
<br /> ' this Secnrity Insaument shall be reduced by the amount of the proceeds wultiplied by the followiag fracdon: (a) the total � --=-,;,,.,
<br /> amount of the sums secured Imuiedlately txfore the taking, divided by(b) d�e fair market value of the Property immediately , _,�.
<br /> • before t�e wking. Any balance sha11 be paid to Borrowec In the eveut of a partial taldr� of the Property in wluch the fair � _-,:�
<br /> . market value of the Properry immediately before the taking is less thau the amount af the sums secured imniedietely before the `'�______
<br /> the roceeds shall
<br /> taking,unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, p 4 ..�___
<br /> be applied to the sums secured by this Security Instniment whether or not the sums are then due. �� '�'-
<br /> ' If the Pcoperty is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make ac►
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<br /> ' award or setde a claim for damages, Borrower fails to respond to I.eader witbin 30 days after the date the noqce is given. ��� �
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<br /> •• Lender is authoiized to coUect and apply the proceeds,at its option,either to restoradon or repaix of the Propeny or to tne sums ..� -
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<br /> � secured by Qus Securiry Instivment,whether or not thea due.
<br /> �� Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly paymeuts referred to in paragraphs 1 and 2 or change the amount of such payments. •�'._ :
<br /> �'. • 11. Borrower Not Released;Forbearance By Lender Not a Waiver.Hxtension of the time for payment or modificadon
<br /> � � � of atnortizadon of tlie sums secured by this Security Instrument granted by Lender to any successor ia interest of Borrower shall '
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<br /> -- � not operate to release the Iiabilicy of[he origival Bu«o�%�r ar Gorrarer's�u�.�.ots in i�rest. LQnde*5ha11 not he required to L_—�• _. _
<br /> commence proceedings agaiast any successor in interest or refuse to extend time for payment or otherwise modlfy amortizadon :�.,� _; `
<br /> of the sums secured by tlus Security Insaument by reason of any demand made by the original Bonower or Borrower's . �;r,���
<br /> successors in interest. Any forbearance by Lender in exercising any ri�hht or remedy shall not be a waiver of or preclude the ,;+,��; ;
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<br /> exercise of any dght or remedy. '" ' •
<br /> 12. Sucecssors and Asslgt►s Bound;Jolnt and Severai LlabilIty; Co-signers. The covenauts and agreements of this ��""��- r'
<br /> � Securlry Instrument shall bind and benefit the successors and assigns ot Lettder and Borrower. subject to the provisions of �
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<br /> paragraph 17. Bonower's covenants and agreements shall be Joint and several. Any Horrower who co-signs this Securlty `� � �.
<br /> Instrument but does not execute the Note:(a) is co-signing this Security Insuument only to mortgage,grant and convey that
<br /> Borrower's tnterest in the Property under the tecros of this Security Insuument; (b)is not personally obligated to pay the svms ��__ ,
<br /> secured by this Securlty Tnsuument;and(c)agrees that Lender and any other B�rrower may agree to extend.modify. forbear or _ �--�-�-_ �
<br /> make any accommodadons with regard to the teims of this Securiry Instrument or the Note without that Botrower's consent. ' �'•
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<br /> . 13. Loan Charges.If the loan secured by this Security Insnument is subject to a law which sets maaimum loan charges, .
<br /> . , and tl�at law is finally intecpreted so tLat the interest or other loan charges collected or to be collected in connecdon with the "::�::.,,;;
<br /> loan exceed the pe:mitted limits,then: (a)any such loan charge shall be reduceci by the amount necessary eo reduce the charge �,,-�:��=._�_ _
<br /> ro the peainicted limit; and(b)anY sumx already collected from Borrower wlrich exceeded permitted limits will be refunc�ed to __-__.
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<br />- Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct ..__.
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<br /> payment to Bonower. If a refund reduces principal. the reduction will be tmzted as a partial prepaymant without any - ___
<br />__ p�epayment chac�e under the Note. °_____ ==
<br /> „ 14. Notfces. Any noace to Bonower provided for in tYris Securiry lnstcument 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 t�e directed to the Property Address =��s�u f- --
<br /> or any other address Borrower designates by notice to Lender. Any noace to Lender shall be given by first class mail to :.�, •����.�._.
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<br /> Lender s adciress stated herein or auy other address Leuder designates by notice to Bormwer. Any notice provided for in this -,`�'Y{`,;�,,:,:.,,;�
<br />� � Sec:urity Instrument shall be deemed to have been given to Borcower or Lender when given as provided in c��is pazagraph. iz�-K: ' ..-��;
<br /> l I5. Goeeming Law; Severabiltty. This Security Inswment shall be governed by federal law and the law of the : • ;� �
<br /> jurisdicdon in which the Property is lacated. In the event th2t any provision or clause of tbis Security Insuument or the Note '
<br />' °� conflicts with applicable Iaw, such conflict shall not affect otl�er provisions of this Securiry Insuument or the Note wluch can be ,
<br /> given effect without the conflicdng ptovision.To this end the provisions of this Security Instcument and the Note are declared
<br /> 1 to be severable. �•
<br /> j 16. Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 • .
<br /> ,. �-6RINE1 tes�2�.oi v,y.aoeo inre+�r.
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