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<br />. , � payments may ao longer be required.at the aption of l.ender,if mortgage insurartce coverage lin the amount and for the period `,� (�L',�,
<br /> - "� ` thac Lender mquires)Provided by an insurer approved by Lender aga�n beaomes available and is obtaiaed.Borrower shall paY .
<br /> ; t,� , . �e p���r e q uir�fo u�aintain r�ortgage insursnce in effect.or to provide a iass resen+r.until the requirement for martgage� � .• �
<br /> . ' � ��ce���rdanoe with any written ageemeni between Borrowes aud Lender or applicab le law. a .� .
<br /> . , g.Insp�tion,Lender or its agent may make reasonabfe entries upon and inspections of the Property. i.ender shall give �, � , .. .
<br /> .�S, .. . .�.
<br /> ,�r � Borrower notice at the time of ar priar to an inspection specifYu►S reasonable cause for the inspection• a ' _
<br /> __ ----�-��._--. 10.CoademnatFon. The proceeds af auy award or c!a'sm far damages.d'sn�ct or amseq�ential. in connection with any u;_�� �..�-�<<-
<br /> ` , ' condemnation or other taking of atry part of the PropertY.or for conveyance in lieu of condemnation.are hereby assigned and� .. •�� .:
<br /> Q� ``.. �'� ..,
<br /> • . shall be paid to Lender. • . �. � �
<br /> ' In the eveni of a total taking af d►e ProPertl'•the Praceeds shall be applied to the sums secured by this Seeurity Instnuneat. �
<br /> - � :-, - whether or not then due. �vith any excess Paid to Bormwer.In the event af a partia! takinS of ti�e Property+ in wluch the fair �(`ao `'"��.�.. 4.
<br /> � market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this '� �,��°,l �'`. ��
<br /> . Security instrumeat immediatety before the taking.unless BoIT°wer and Lender othemise agree in writing.the sums secured by ;,'� ;. _--_
<br /> � this Security Instrument shall be reduced by the amount of the procx�ts mnitiplied by the following fraction: (a) the total , _a`l.
<br /> - amount of the sutns secared immediately befare the taking.divided by(b)the fair maric�t value of the Property �mmediate}Y • ..,.,s..:f ,
<br /> ` before the taking. My balance shall be paid to Borrower. In the event of a partial taku►g of the Property in which the fair • ., , ____
<br /> � �. ° � market value of the Properry immediately before the takiag is less than tlie an►ount of the sums secuted immediatelY before the : _
<br /> ie ;
<br />. _z; : .� � talong.untess Bartower and Lender otherwise agree in writing or unless applicable law otbe�wise pcovides,the prooeeds shali � = �
<br />- , be appiied to the sums secured by this Secvrity Instrument whether or not the sums are then due. �? .. ;,...:'...,
<br /> ';� ` `V If the Property is abandoned by Borrower,ar if,after nodce by Lender to Borrower thac the condemnor offers to make an �
<br />'-� � award or settle a elaim for damages. Borrower fails to respond to I.ender within 30 days after the date the imtice is given. "...� ,;: .. �:�-
<br /> � I.eader is authorized to collect and apply the proceeds.at its option,either to restoration or repair of the Property or to the sums ,. • , .��
<br /> ;� '�. ' . secured by this Security InstrumenL whether or not then d�e. �;'.�=._
<br /> � • Unless Lender and Sorrower otherwise agree in writing. any application of praceeds to principal shall not extend or i–
<br /> S'uT�`��--�
<br /> , , , postpone the due date of the montfily payments referned to in parageaphs 1 ar►d 2 or change the amount of such paymenu. - •�^ ;,;�r
<br /> 11.Borjaower Not Reteased;Forbea�ance By Le�tder Nat a Waives Emension of the time for payment or mndification � �='-t"��
<br /> . •�.�_-
<br /> ' this Securi Instrument ranted b Lender to any successor in interest of Borrower shall . - . � '��–
<br /> � af amortiration of the sums secured by t3' g y • '�'���-
<br /> ' " not operate to release the liability of the original Botrower ar Borrower's successors in interest. Lender shall not be require�to ,:;,����,
<br /> '� � vommence proceedings againsc anY saccessor in intecest or cefuse[o extend time for payment or otherwise modify amortiTation ,",�_---
<br /> -- � � of the sums serured by this Security InstNment by reason of any demand made by the original Borrower or Borrower's :�;;.� ___—
<br /> � � , � successors in interest. My forbeaiance by I.ender in exercising any right or�edy shall not be a waiver of or preclude the , .�.
<br /> � . •f esercise of any right or remedy. � .��r i�_:�:
<br /> � 12. Snccessors and AsSigas Bound;Joint and Sev�ra! II.iabilltY+ Co-stg�ters.The covenanu and agreemenu of tbis �;�.-: -. �,,,
<br /> ':'��:, : .- --°---
<br /> ' � Security Instniment shall bind and benefit the successors and assigns of i.ender and Barrower. subject to the provisinns of , ;_�,;:
<br /> ; _:..._.._. . ..._. . .
<br /> paragraph 17. Bosower's covenants and agreemenu shall be joint and several. Any Borrower who co-signs th�s Serus�ry . .;,,z�
<br /> ' Instrument but daes not execute the Nate: (a)is ccrsigning this Security Instrument only to mortgage, grant and convey that .::;��.
<br /> • � Horrower's interest in the Property under the tem�c of this Security InsUVment: (b)is noi personally obligated to pay the sums .�; -_
<br /> • - x' secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend.modify,fos�eaz or , '; �
<br /> :�;�'• _ •:.;;t. ;�;;.
<br /> � �• malce aay accommodations with regard to�he terms of Uus Security Instrument or the Note without that Borrower's cons�r3. ?+:_
<br /> � � ' 13.Loan Charges.If the loan secured by this Security lnstrument is se?;ect to a!aw which seu maximum loan charges, __ , , _
<br /> �' � and that!aw is finally interpreted so that the interest or.oiher loan charges tt�'ected or to be collected in cannection with the : � __
<br /> � loan exceed the pern�itted limits,then: (a)any such toan charge shall be redueed by the amount necessary to reduce the eharge �.,. �:, •�—
<br />• '.. ' . •�".::��:
<br /> � � -• ='} • to the permitted limit;and(b)any sums already coll�from Borrower which exceeded perntitted limits will be refu.�ded to �`c.,_.. _
<br /> Bonawer. Lender may choose to make tbis refund by reducing the principal owed under the Note or by makm�a direct _�_ -.
<br /> •• _�.; payment to Borrower. If a refund reduces principal, the reduction will be aeated as a partial prepayment without any . P -_—,
<br /> . � . + prepayment charge under the Note. , ��r'�
<br /> ,.=
<br /> 14.Notices.Any notice to Borrowzr provided for in this Security Insttument shall be givea by deli�•ering it or by mailing
<br /> � it by first class mail unless applicable law requires use of another method.The notice shal!be directed to the Property Address ,
<br /> ' • or any ati:er address Borrower designates by notice to l.ender. Any notice to Lender shall be given by first class mail to ' ,
<br /> � � " Lender's address stated hercin or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> • � 5ecurity lnstrument shaU be deemed to have been given to Borrower or Lender when given as provided in this paragraph. . . •
<br /> • � 15.Covesning Law; Severabllity. This Security lnstrument shall be govemed by federal law and the law of the , •� . _
<br /> , jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrt�ment or the Note .
<br /> , � conflicts with applicable Iaw.such wnflict shall not affect other provisions of this Security Instrument or the IVote which can be .
<br /> �' given effect without the conflicting provision.To this end the provisions of this Security Instrament and the Note are declared •
<br /> ta be severable. •
<br /> . 16.Borroa•er's Copy.Borrower shall be given one wnformcd copy of the Nate and of this Security Instrument.
<br /> � ` Form 3028 9190 '
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