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<br /> �. . payments may no longer be required.at the apiion of Lender.if mortgage insurance coveaage(in the mnount and for the periad . ;•.. '
<br /> • that I.�nder requires)provided by aa insuner approvetl by Ixnder again becomes available and'u obtained.Borrower shali pay � ";"-; .
<br /> . '<.� � e insurance in effect.or W provide a loss seserve.until the requiremert for mortgage� •.�"-;``.`: ` F<_ ' "
<br /> . ,.. the premiums required ro maintain martgag � . .
<br /> ' inswas►ce ends in accordance with anY wr'tten aB*eement between Borrower and Lender or applicable law. � . ,,, .� . .
<br /> .-=-�`���„�„�..., 9.lnsp�cttoa. Lender or its agent may m�ce reasonable entries upon and inspaxions of the Praperty.Lender shaq giv� �.• : . ,. .
<br /> _ -° -- Borrower aotice a t t h e t i m e o f o s p r i o s to aa i n s P e c una s Pecifying'�asonable rause for the inspection. `' ` _`,`
<br /> , ` " 1 0.Co n d e m n a R i o n. T h e praceeds of au y awazd or ctaim for damages. direct or conse4uential, in connection wi t h� t . • .. . ` ;
<br /> �.,�•.� ~-
<br /> - ' ° ooa demna t i o n o r o t h e r t a k i n g o f a n y p a rt a f t h e Pro P e rt Y•or for oc�nveyance in lieu of wndemnation, are here by assign e d � ` � ' ;�
<br /> - - shall be�aid to Lender. - � , .
<br /> - � - In Wc event of a tnta!taking of the Property.the procx:eds sfiall be applied W the sums secured by this Security Instnuaen t� '.•. , _ �' c
<br /> • �vheiher or not then due. with any excess Paid to Bor�wer. In the event of a partial talang of the Property in which the fair �
<br /> , .� � _
<br /> y`. � y ta or than We amount of the sums secured hy this , <_ '-
<br /> , market value of the Propercy immediatel before[he taking i�equal �� iII��n the sums secured by ""�'
<br /> . . Secucity Instrument immediately before the taking,unless Borrower and Iznder othenvise agree� 8• • ., _..,:.
<br /> ` . this Security Inshument shall be reduced by the amount of the pmceeds muttiplied by the fullowing fraction: (a) the total ,,,�y•.-
<br />� ' ' amount of the sums secured immed�ately before the taking.divided hy(b)the fair market�alue of the Property immediately > X____
<br /> � before the taking. Any balance shall be paid to Bomnwer. In the event of a partial taking of the Property in which the_fair � �
<br /> _` , -.
<br /> � . � maricet value af the Property immediately befare the taldng is less that►the amount of the sums secured immediatelY 6efore the _
<br /> , . • . ' taking,uniess Borrower and 1.ender otherwise agcee in writing or unless apglicable law othera�ise provides.the pmcePds s6a1! ., _,_-' .
<br /> � • . . be applied to the sums secured by this Secutity lnsuument whether or not the sums are then due. :-:a_
<br />- � • If the Property is abandorted by Bormwer.or if.after notice by Lender to Borrower tt�at the crord"�nor offers w make an ^V-��—
<br /> --� -,- award or settte a cfaim for damages, Borrowcr fails to respond to Lender wit}un 30 days after the date the nodce is giveu, . .'�.�Y
<br /> � • ' i,ender is authorized to coltect and apply the proceeds.at its option,either w restorntion or repair of the Property or to the sums __
<br /> � � secured b,y this Security Insuument,whether or not then due. �.�Y�, ��. ��"T-
<br /> . �-�;1..,
<br /> • ' .� Unless I.ender and Borrower otherwise agree in wciting, anY aPPlication of procr.eds to principal shall not extend or . E,`=',E
<br /> ����'. �� one the due date of the montWy paymenu referrea co in paraSraphs 1 and 2 or change t6e amount of such paymenu. �'' -:�� � � =�
<br /> - .. . P�P ._.�._.._
<br /> � � Il.Borcower Not Reieased;For6earance By 1.e n der No t a W a iver.E x t e n s i o n o f t h e t i m e f a r p a y m e n t o r m o d i fi c a t ion .E.�� -.,5,��-
<br /> ' �,. .. . _
<br /> ��� � of amortization of the sums secured by this Security lnsirument gTanted by 1.ender to any successor in interest of Borrower shall ,::'}. .. .__---
<br /> � not opernte to release the liability of the original Borrower or Borrower's successois in interest.Lencle:shall not be required to , �.; .;r���
<br /> f � ����pmceedings against any successor ia interest or refuse to extend time for payment or otherwise moctify amortization _
<br /> of the sums secured by this Security Insm►ment by reason of any demand made by the origi n a l Borrower or Borro we r's ;`=�
<br /> � � . successors in interest. Any forbeazance by Lender in exercising any right or remedy shall not be a waiver of or preclude the � ' •' ,,;•t�.
<br /> . •�F:i
<br /> � exercise of any right or remedy. •��- �
<br /> ���' ' 12. Succ�ssots and As4gias Bound;Joint aad Severa! LiabiHty; Co�signers. The cavenants and agreemenis of this � •�.��. , �"�*�
<br /> .�-�`�--� `-, '' , Security Ynstrument shall biad and ben�fit the suceessors and assigns of Lc.mder and Borrower.subject to the provisions of �n`:��•,, , -,__
<br /> ` paragraph 17. Borrower's wvenants and agreements shalt be joint and several. Any Boaower who co-signs this Securiry ,.„�
<br /> � ' Instrument but does not exec�te ihe Note: (a)is co-signing this Securiry Instrument oniy to mortgage,gcant and convey that ��`
<br /> -�:.�-:
<br /> . � � ' � Borrower's interest ia the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums .; .���:_
<br />- securcd by this Securiry Instrument:and(c)agrees that I.ender and any other Borrower may agree to extend,modify.forbear or ;: . ___
<br /> - . ' ' � make any accommodntions with regard to the terms of dus Security Instrument or the Note without thnt Born�wer's consent. , _. _r ..K- _
<br /> � � 13.Loan Charges. If the loan secured by this Secusiry Instrument is subject to a law which sets maximum loan charges, , �.. , __
<br /> . • and that taw is fina[ly interpreted so that the interest ar other loan charges collected or to be coliectxd in connection wi t h t h e — _
<br /> ' . loan exceed the permitted limits,then: (a)any such loan charge shall be seduced by the amount necessary to reduce the charge , . . __
<br /> to the permitted limit;and(b)any sums already wllected from Borrower which exceeded permiaed limits wilt be refunded to
<br /> � '' Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direc't _.'
<br /> � � . " payment to Borro�ver. If a refund reduces principal, the reduction will be treated as a partial prepayment without any --��;,�,�;=
<br /> � prepayment charge under the Note. . � �. ..
<br /> � ,- ' 14.Nottces.Any notice to Borrower provided for in this Security Instrument sha11 be given by deliverin� it or by mailin� '.:ti� �-�.
<br />_ � � it by first class mail unless applipbie law requires ust of another method.The notice shall be directed to the Property Address
<br /> ' or any other address Borrow•er designat� by notice to Lender. Any notice to Lender shall be given by first ciass mail to ��•� .
<br /> ,.'"•. " I.ender's address stated herein or any other address Lender designates by notice to BoROwer. Any notice provided for in this .
<br /> � Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph• . •�,;, .
<br /> "•' � 15.Gorerning Law; Severability. This 5ecurity Instrument shall be govemed by federa't law and the law ofthe
<br /> � �� jurisdiction in which the Property is lacated. In the event that any provision or clause of this Security lnstrument or the Note � .
<br /> , conflicts with applicable taw, such canflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> _. given effect without the conflictin�pravision.To this end the provisions of this Security Instrument and the Note are declared .
<br /> '••� • " to be severable. � .�.
<br /> � . 16. Borro�er's Copy.Borrower shall be given one confarmed copy of the Nate and of this Security Instrument. .
<br /> ' ' . Form 3028 9190 '.
<br /> . . Pa90 4 018 . .
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