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<br /> ��,`. paym�ts may ao longer be requind.at the aption of Lender.if mortgage insurance coverage(in the amount and for the period
<br /> - � � t6at Lender requues)Provided by an insurer approved by Lender again becomes available and is obtained.Bomawer shali Pay .
<br /> �_ • '(` - the premiums required to maintaia mortgage insurance in effect.or to pmvide a loss reserve.unt�the requirement for mortgage ._ .,_ •
<br /> . =i:•... � � . .
<br /> --- - ins�uance en�fs ia a:xordance with any writ[en ag�ement baweea Bosrawc,r and L�der or apgticable!aw-
<br /> ��'� � 9.IaspeMIon.Lender or its agent may a�ake reasonadte entries upon and iaspections of the Property. Lender shall�ive „�� -
<br /> � Borrower notice at the time of or prior to aa inspecuoa specifying icasanable cause for[he inspecaon.
<br /> ` 10.Coademnat�on.'fhe pn�ceeds of any awatd or claim for damages,direct or conseqaential, in connection with any .- � . .
<br /> .: �:. � . .
<br /> �, caademnation or other taking of any part of the Fioperty,os for conveyance in lieu of candemnation.are hereDy assigned and . . ,
<br /> shall be paid to Lender. . °,
<br /> ' In the event of a cotal taking of the Prope�ty,the proceeds shaU be applied co the sums setuned by this Se�uity Insttument, , '. F.::�R�
<br /> whether or not then due. vrith any excess paid w Borrower. In the event of a partial tata�►g of the Pmperty in which the fair =-=
<br /> - • � mazket value of the Pmpeny immediagelY before the taldng is equal to or greater than the amount of the sums secured by this � . :r�c�
<br /> � ` Security Instrument immediatety before the taking,unless Borc�wer and Lender otherwise agree in writing,the sums secured by . �- '�
<br /> this Security Instcuraent shall be ceduced by the amount of the praceeds multiplied by We folloaring fraction: (a)the total � ��� -
<br /> � � amouat of the sums secured immediately befoTe the taking,divided by(b)the fair market value of the Pmgerty immediately _ _
<br /> before tlte taldng. Any balance ahall be paid to Boaawer. Ia tlse event of a partial taking of the Pmperty in wl�ich the fair :� �• _
<br /> ` ,' � •''I muket value of the Pcoperty immediately before the taking is less than the amount of the sums secured immediately before the • . :<.�-�
<br /> � - � ` takin S,uatess Boirower and l.�nder othezvvise agree in writing or untess applicable law otherwise provides,the pioceeds s&ali .,; �;�
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<br /> • be applied to the sams se�umd by this Securiry Instrument wflether or not the sums are then due• - •. �;c.�.
<br /> � , - If the Property is abandoned by Botrower.or if,aftec notice by Lender to Borrower that the condemnor offers to make an ..���'�t%:��
<br /> • � award or senle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. �'��•:�-
<br /> Lender is authorized to collect and apPly the pmceeds,at its opdon,either to restoration or repair of the Property or to the sums .. . �;,�,;�`��RT
<br /> � � ���� � • secored by this Securiry Iusuument.whether or not then due.
<br /> UNess Lender aad Borrower othecwise agree in wriring, anY aPPlication af proceeds to principal shall not extend or , . 4��`"
<br /> , - • postpone the due date of the montWy payments referred to ia paragraphs 1 and 2 or change the amovnt of sach payments. � :,,;�?
<br /> � 11.Borrower Not Reteased;Forbearance By Lender Not a Waiver.Extension of the ame for pa}rment or taodification . .;:.�Y�;;�„�„
<br /> � ' of amortixation af the sums secured bl►this Securiry Iastmment gianted by Lender to any successor in interest of Borrowx€shall � ':!;'�_:
<br /> , ' . . not operate to release the liability of the original Bonower or Borrower's successors ia interes�Leader shaU not be required to ' ,. . ,,;:�y
<br /> , „ ' commence proceedings ag8lnSt any successor in interest or refuse to extend time for payment or otheza+ise modify amortiradon , .` ,1.�,�-`
<br /> J . •�::� of the sums serured by t6is Seiauity Iastrument by reasop of any demand made by the originai Borrower or Borrower's .�.
<br /> successors in intecesc.A�r forbearance by Lender ia exercising any right or remedy s1�aU not be a waiver of or preciude the •��•� .� .,'��:
<br /> -- '; i exercise of any rig,ht or remedy. • `'�
<br /> � . . • 12. Successois aad Assigas Bound: Jotnt aad Sevwal LlabilIty; Co-stgners. The covenants and agrecments of this ��:ry,�T
<br /> � Securiry• Instcument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of �. . ; _,—�
<br /> . pazagraph 19. Borrower's covenauts and agreemenu shall be joint and several. My Borruwer who co-signs this Securiry ; , �`�:,•.;:
<br /> ' Insuument but does not eaecute the Note: (a)is co-signing this Security Insuument only to mortgage,grant and convey tiiat .,.,.��
<br /> . :. Boaower's interest in the Property under the terms of this Security Insaument;(b)is not pecsonalty obligated to pay the sums . �._.
<br /> -� �; seciued by this Securiry Insuumen�and(c)agrees that Lender anc!any other Borrower may agree to extend,modify,forbear or �',.`�,�Y�
<br /> - make any accommadations with regard to the tem�s of this Security lnstnunent or the Note without that Bonower's coasent. • T:
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<br /> • � 13.Loan Charges.If the loan secured by tius Security Insnument is subject to a law which sets maximum loan charges, ' '�!'-
<br /> . � aad that law is finally i�terpreted so that the interest or other loan charges collected or to be coltected in connection with the :
<br /> '� � ` loan exceed the pennitted limits,then:(a)any such loan charge shall be reduced by the amount aecessary to reduce the charge . . '°�,r.
<br /> to the pemtitted limit:and(b)anY sums already collected from Borrower whicb exceeded periaitted limits will be refuaded to • _
<br /> ' � ���.:� Borrowes. Lender may choose co make this refund by reduc�.ng the principal owed under the Note or by making a d'uect .
<br /> paymeat to Borrower. lf a refund reduces ptincipal, the reduction will be treated as a partial prepayment without any : ..
<br /> � � prepayment chazge under the Noce. '
<br /> ' ' 14.Notices.Any notice to Bonower provided for in this Security Instrument shall be given by delivering it or by mailing . _ .
<br /> ' � it by fitst class mail unless applicable law requ3res use of another method. The notice shall be directed to the Property Address • ' ` • :
<br /> .� ; or any other address Borrower designates by notice to Lender. My notice to Lender sha11 be given by first class mail to . .
<br /> ''� t Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice pzovided for in this . , •
<br /> "'' ��� Security lnstrument shall be deemed to dave been given to Borrower or l.ender when given as provided in this paragraph. :
<br /> :°�= ' � I5.Governing Law; Severability. This Security lnsmiment shall be govemed by federal law and the law of the
<br /> ' jurisdiction in which the Property is tocated.In the event that any provision or clause of this Security tnstn�ment or the Note .
<br /> . � wnflicts with applicable law, sucb conflict shall not affect o;fler provisions of this Securiry Instrument or the Note which can be .• .
<br /> � + given effec[without the conflicting provision.To this end[he provisions of this Security Instrument and the Note aze declared .
<br /> � j to be severable.
<br /> ! • • •
<br /> : �, I6.Borrower's Copy.Borrower shall be given one canformed copy of[he Note and of this Security Instrument. .
<br /> � � Form 3028 9/ 0 •
<br /> � � i �e 6RINE1�9z+��.o� vaye e o�a imt�a�r.���� .'
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