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<br /> ',.� menu may no tonger be required.at the aption of Lender.if mortgage insurance coverage(�n�e amo�nt and for the period '`ti(',Y
<br /> . PaY Y.
<br /> . � ' that I.ender requires)provided by an insurer a p pro v e d b y L e n d e r a g a i n b e c o m e s a v a i l a b l e and is obtained.Bor�a�ser shall pay
<br /> • ' the premiums*eqll�red to maintain mortgage insarance in effect,or to provide a loss seserve.unril the requirement for mortgage ' . r���,� �.;�„� `
<br /> � •' °: .� insurance ends in accordance�v��h anY written agreement between Borrower and Lender or applicable iaw_ �
<br /> �- � =--= q, Inspedion.Lender or iu agent may make reasonable entries upon and inspections of the Property. I.ender shall give ._ k, , .;�.r .
<br /> � ; � �; .
<br /> — `"�'°'�`` Borrower notice at t he t n nc a f o r p c i or to an ins pecdon s p e c ifying reasonable catue for the inspection. y.;-- - ,—
<br /> _ 10. Condemnat�on. The proceeds of any award or claim for damages. direct or co�uequerrtiat. in rnnnectiun wi t h anY f c�. .,. --�f,"
<br /> `" ` � condemnation or other taking of anY Pari ef the Property.or for conveyance in fieu of condemnatiun,are hereby assigned and •.����,. •
<br /> , �.. - r .
<br /> ` shall be paid to Lender. • . ;.` . :
<br />- �I r,� In the event of a total taking of the Property,the praceeds shall be applied to the sums secured by this 5ecurnt���fair � `� ` �
<br /> whether or not then due. with any excess paid to Borrower.In the event of a partial taking of the Property ' . . ;'� ,°"�,;�..
<br /> ' ' market value of the Property immediately before the taking is eclual to or greater than the amaunt of the sums sec�►red bY this •'•. '` �.;__
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<br /> '�: Security instrument immecl+ately before the taking.unless Borrower and I.ender otherwise agree in wridng.the sums secured by _ ___
<br /> ' this Security Instrument shaU be reduced by the amount of the praceeds mulnPlied by the following feaction: 'a��a�� , �_ ,i
<br /> � ' amount of the sums secured immediatelY before the taking.divided by(b)the fair market value of the PropertY � y __�__
<br /> balance shall be d to Borrower. In the event of a parcial taking of the Property in which the fair . ,
<br /> . - before the tatdng. Arry P� .'�.: -
<br /> � market value of the Property immediately before the taking is less than the a�nount of the sums secured immediately before the
<br /> �,�'}; rocaeeds shall
<br /> _ � taicing. unless BorroweT and Lender otherwise agree in writing or unless applicable law otherwise provides.the p ,�-f '.`
<br /> � . �'�� b e a p p l i e d t o t h e s u m s s e c u r e�b y t hLs Securi ty Insaument whether or not the sums are then due• . ___
<br /> � . � � [f the Pc�nperty is abandoned by Borro�c�r.or if,aRer notice by l.ender to Borrower t h at t be con demno r o f f e r s t o m a k e a n ��'`� `
<br /> �•-�:.,:,...:;.. ..
<br /> ' - - auard or settle a claim for damages. Bonow�er fails to respond to Lender within 30 days after the date the notice is given. ---
<br /> � � Lender is authorized to collecc and apply the proceeds,at iu option.either to restoration or repair of the Property or to the sums �4 !�:'.��,��
<br /> ,;� �,;.: .��_
<br /> � . � secured by this Security Instniment.whether or not then due. llcation of roceeds to principal shall not extend or �� `��."
<br /> � ' � Unless Lender and Borrower othern�ise agree in writing. any app' P :� .�,:" A=t�
<br /> `_� " " ' .t, postpone the due date of the manthly payments referred to in pa:agi'dphs 1 and 2 or change the amount of such payments• '�Y_: t•:?;_:r.�.�.
<br /> , . _ :_;>:
<br /> I l.Borrower Not Iieleased;Furbear'ance BY I.euder Not a Waiver.Extension of the'dme for payment or modifccaiion ^�.
<br /> . of amartir�tion of the sums secured by this Security Inmument granted by Lender to any saccessior�n�eit�l n L 6e required to :'�:•;f t;��
<br /> •% not operate to release the liability of the original Borrower or Bonower's successors in interest ,.„i,`�. p�`
<br /> . ,f:��—, .__.
<br /> . "� : ' ' -;:;? commence praceedings against any successor in inte�est or refuse to extend time for payment or otherwise modify amortizadon 4.��
<br /> . �; ,;« of the sums secured by this Security Instn�ment by reasan of any demand made by the original Borrower ar $orrower's
<br /> . �`, successors in interest. Any forbearance by 1-ender in exercising any right or remedy shall not be a waiver of ar preclude the '�"�
<br /> ' ' exercise of any right or remedy. � ' ���"�"`'
<br /> � � 1Z. Succe.ssois and Asslgas Bouad;Joint and Severa! Liability; Co-slgne�s. The covenants and agre�nents of tlus
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<br /> �` �� - -°��`r;: Secvrity Instrument shaU bind and benefit the successors and assigns of Lender and Borrower, subject co the provisions of �,.,.,.',_
<br /> ` . "`� paragraph 17. Borrower's covenanu and agreements shall be joint and several. Any Borrower who �i�a�n ��a , �•,,`�,�,'
<br /> ' Instrument but does not execute the Nate: (a>is co-signing this Securiry lnstrument onty to mortbage,g Y ' .�:�,�..:_:
<br /> • � � Botrower's interest in the Property under the terms of'this 5ecurity Instrumen�(b)is not personally obligated to pay the sutns ,:•.z3-rr
<br /> � � � ' secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or .. •: ��_
<br /> __ � make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. i ,_
<br /> : . ' . 13.Loan Charges• 1f the loan secured by this Serurity Inswment is subject to a law which seis maximum loan charges, ;.��,.
<br /> = � and that law is finaliy inurpreted so that the interest or other loan charges wllected or to be collected in wnnection with the �
<br /> loan exceed the permiaed limits, thetr (a)any such loan charge sha{l be reduccd by the amaunt necessary to reduce the charge . ���_�
<br /> • �. � to the permitted limit;and(�)any sums already callected from Borrower which exceeded permitte.i limits wil!ba refunded to �,.;�•"=,�-_
<br /> � � • ' Borrawer. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct � j '�= .�:
<br /> • � payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment withaut a� :� .�__._'
<br /> � . � ' . prepayment charge under the Note. ��
<br /> . .. ' . 14.Nofices.Any noticc to Borrower provided for in this Security Instrumcro shall bc given by delivering it or by mailing : , �r, • .
<br /> • � it by first class mail unle�.s applicable law recluires ace af another method.The notice shall be directed to the Property Address , _
<br /> : • � or any uther address Bonower desi�nates by notice to Lender. Any notice to Lender shall be given by fint class mail to
<br /> . ' L.ender's address stated herein or any other address Lender dcsignates by notice to Borro�ver. Any notice provided for in this : !`
<br /> , , : �• Security Instrument shail be deemed to have been givcn ta Bonower or Lender when given as provided in this paragraph.
<br /> 1�.Goveening Law: Severability. This Sccurity Instrument shall be governed by fedcral law and the law of the
<br /> , • � . . . j�risdiction in which the Praperty is lacated.In the event that any provision or clause of this Security lnstrurr.ent or the Note .
<br /> ' . � ' conflict+with applicabte law.�uch canflict shall rtot affeet other provisions of this Security lnsttument ar the tiote whieh can be
<br /> �_ . . given effect without the rnnflicting pravision.To�hi�end the provisions of this Security Instrument and the tiute xre�Ieciared
<br /> ' to bc severable. •
<br /> � � ' 16.Borro��er's Copy.Bnrrowcr shall He given onc wnfinmed copy of the Nate and of this Security Instrument.
<br /> � � Form 3029 9190
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