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<br /> ,r• paymenu may no langer be required at the option of Lender,if mortgage insarance coverage(in the amount and for the pe�iod ; , " :
<br /> . . '''••` that Lender requires?pmvided by an insurer approved by Lender again beoomcs available and is obtained.Borrower shall pay , .� •<.
<br /> �, : � the premiums required to maintain mong�e insurance in et�ect,or to pro�ide a loss reserve,unal the requirement for mortgage .� '�-•.
<br /> ' , insurance ends ip accardance with any written agreement 6etweea Borma+er and Lender or applicable law. •�,� , •
<br /> ;;�-�--�-'-,�,,.� 9.Inspecilon. Lender or its agent may make reasonable entries upon and inspections of the Property.Lender sha{i give � ;,
<br /> -'=�"T±" Borrower notice at the time af or prios to an inspectiou specifyin8 reasonablE cause for the inspettion. r_ � _
<br /> —�- , �:ti,..:'..,-.
<br /> .' ; IQ. Condem��oo. The proceeds of any award or claim for damages, direct or cousequential. in connection with any , �.
<br /> �"'4..'ti :.
<br /> � condemnation or other talcing of any part of the Property.or for cnnveyance in lisu of condemnation,are hereby assigned and .
<br /> � - ° shall be paid to l.ender. ' � '.
<br /> : -� -� in the event of a tota!taldng of the Property,the proceeds shalt be applied to the sums secure�by this Secxrrity Inspumeat. • :.. ,, . •. �
<br /> y ,;.�.��. whether or not then due. with any excess paid to Borrower. In the event of a partial taldng of the Froperty in which the fair : .�,�._'`,� ����
<br /> .. � market value of the Property immediately before t6e taking is equal to or greater than the amount of the sums secure�by this . •;���c�_�
<br /> . _�.�:.�
<br /> ' ���... . Security Instrument immediately 6efore the taking,untess Borrower and Lender otherwise agree in writing,the sums secured by �.. 4 ,• '.'s�,_�:
<br /> : this Security Instrument shall be reduced by the amount of the ptoceeds multiplied by the following fracrion: fa) the total _ y =
<br /> ' . - amount of the swns secured iminediately before the taking,divided by (b)the fair market value of the Property imraediately
<br /> . ` before tfie taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair �-'" - �
<br /> ` market valae of the Property immediately hefore the taking is tess than the amoant of ihe sums secured immediately before the �. _
<br /> , � . . �� taking.ontess Borrower and Lender otherwise agree in writing or unless applicabte law otherwise provides,the proceeds shalt _ ' �.:.r,.n.
<br /> � � be applied to the sums secumd by this Security Instntment whether or not the sums are then due. � • �:'`��z.�-
<br /> : � If the Property is abandoned by Borrower,or if,afier notice by Lender to Borrower that the condemaor offers to make an � `. : '' = _ _
<br /> r•,_ ...:..,;--.'- ��
<br /> . ' - award or settle a claim for damages, Borrower fails to respond to I.endes within 30 days after the date the notice is given. .•
<br /> Leader is authorized to collecc and apply the prooeeds.at its option,either to restoration or repair of the Property or to the sums :�•. ��t
<br /> .:'_�fc.-:. -.
<br /> secured by this Security Instrumen�wheiher or not then due. :t`�:r-,^_�,°:
<br /> � � ' � - iJnless Lender and Borrower otherwise agree in writing, any application of praceeds to principal shall not extend or �
<br /> .. • •� '"_ _ postpone the due date of the montUty paymeau referred to in pasagraphs 1 and 2 or change the amount af such paymenu. ;... '=.'�i`��-��;'
<br /> . . ' 11.Borrawer No!Released;Forbesrance By Lender Noi a Waiver.Extension af the time for payment or modifir�ttion
<br /> . � of amortization af the sums secured by this Security Instrumem gTannted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the original Botrower or Borrower's saccessors in interest. Lender shall not be required to ;�.�fl
<br /> ,'•� - � "� . commence praccedings against any successor in interest or refuse to extend time far payment or othenvise modify amortization :,_ �
<br /> of the sums secured by this Security Instrument by reason af any demand made hy the original Borrower or Borrower's . • •��: �" �
<br /> • successors in interest. Any forbea�ance by Lender in exercising any right or remedy sha11 not be a waiver of or preclnde the , ';;��:`��:'�.�,,, �;
<br />- . exercise of any cight or remedy. •
<br /> ` ._ 12. Sucoessors and Assig�ts Bound;Joiat and Several Liability; Co-stgneis. The covenanu and agreemenu of this .- •.�' �.���:
<br /> --- - Securiry Instrument shall bind and bene�it the successors and assigas of I.ender and Borrower, subject ro the provisions of • •���:, ,�.
<br /> � � paragraph 17. Boaower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security F�+�
<br /> • • Insnvment but does not execute ihe Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey that � • �,�+��''�`�'
<br /> �. . • Bonower's interest in the Praperty under the terms of this Security Inscrument:(b)is not personally obligated to pay the sums ' �-.�•
<br /> ,;.�i., :.
<br /> � , ' ' secured by this Security Insuument:and(c)agrees that Lender attd any other Borrower may a�ree to extend.modify.forbear or �
<br /> , make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrawer's consent. :� f.�;•: ,
<br /> � � �� 13.Loan Charges.If the toan securcd by this Security Instrument is subject to a law which sets maximum loan charges. ��: �{'�'.`
<br /> '' and that taw is finaliy interpreted so that the interest or other loan charges callected or ta be collected in conneciion with the ,� �`
<br /> � _ .:...� :�-.�°..
<br /> _ . � loan caceed the pertnitted limi�s, then: (a)any such loan charge shatl be reduced by t he amount necessary to r e duce t hQ c h az g e "'��-
<br /> � • � �• .�� to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to -,:.:_?
<br /> , � •' � Borrower. Lender may choose to make this refund by reducing ihe principai owed under the Note or by m a king a dir e c/ .'^-'•:'
<br /> � "• payment to Borrower. If a refund reduces principal, the reduction will be treated as a Qartial prepayment without any :�_:.
<br /> . prepayment cbarge under the Note. , °'r`--
<br /> • • � '.' 14.Notle.es.Any noticc to Borrower provided for in this Security Insuument shall be given by delivering it or by mailing • • •
<br /> . .. ' it by first class mail unless applicable law requires use of am�ther methad.The notice shall be directed to the Property Address . , •
<br /> ' • - or any other address Barrower desi�nates by r.otice to Lender. Any notice to Lender shall be given by first class mail to •
<br /> • � Lender c address stated herein or any other address l.ender desigpates by notice to Borrower. Any notice provided for in this
<br /> ' � ' 5ecur�?y Instrument shall be deert:r,d to have been given to Borrower or Lender when given as ptovideA in this paragraph. : �
<br /> ` � : , 15.Governing Law; 3e�erabllity. This Security Instrt�ment shail be govemed by federal law and the law of the .. •
<br /> � �• jurisdiction in which the Property is located. In the event that any provisian or clause of this Security lnstrument or the Note � .
<br /> . � ' conflicts with applicayle law,tiuch conflict shall not affect other provisions of this Security Instrument or the Note which can be ,_ . • . ,
<br /> � ;_ given effvct without the conflicting provi�ion. To this end the provisions of this Security Instrument and the Note are declared � .
<br /> � to be yevcrablc. ' .
<br /> � 16.Bormwer's Copy.Borrower shall be given one conformed copy of the Nate and of this Secutity lnstrument. � •
<br /> ' Farm 3028 8190
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