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<br /> ' - • payments may nn longer 6e requiced.at the opuon of I.ender.if mortgage insuzance covetage rn the ataount and fvr the periad .: � �. `'�.�-
<br /> . that Lender requires)Provided by aa iasute�appmved by Irnder again becomes ava�able and is obrained.Borrower shaU pay . - =:
<br /> • � t�_ - the premiums required to mai�tain mortgage insuiauce in effect.or to provide a loss resenre.until the tequirement for mortgage � �.� "t�_°
<br /> . iasu:aace euds in accosdance witt�aay written agreemeat herween Borrow�er and Lender nr applicable law. , ,:, � . ���-�-
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<br /> � ' • ' 9. Iaspedton. L�ender or its agent may make rea�ona6le entries upon and ins�►ecdoas of the Property. Lxnder shall give � `,�r,�-
<br /> - Borrower not�ce at the time of or priar to an inspectian sgecifying rea�naMe cause for the inspecaon. � -- -
<br /> •f+< 10. Conde�nattoa.The proceeds of any award or claim for damages. direct or cnnseqnential, in conneetion with any� ` , :
<br /> ` °. . . c o n d e m n a a o n o r o t h e r e a k i n g of an y pazt of the P m p e rt y.or for cameyance in lien of condemnadan,are hereby assigned and� ...t-:�.�' -
<br /> shall be paid to I.snder. � ~T 7�- ±
<br /> ' ' � In the eve�of a wtal taIting of the Property,the pracexds shall he applied to[he sums secvred by ttus Secority In.mvment,� ,�- =_ „;
<br /> • w wlucii the fair • ' �:�==�'"�`��
<br /> . :. whether or�t dten dne,with auy eacess paid to Borrower.In the eveat of a partial talQng of the Property' T-r-
<br /> • market vatae of the Pmpart9 immediately before the ta�ing is eqaal to or gceater than the aznount of the smns secuied by dns � � s= -
<br /> � - 5ecurity IaSaument immediatety befote the[alung,aatess Borrawer and I.ender othezwise ag'ee in wiiting.the snms seaued bp ,. :.;-�,.:�t__--'_�_
<br /> • tbis SeWCitp tn�ent st�all be reduced by the amount of dte pmoeeds mnitiplied by the following 6action (a) the total �;J��y:.°t
<br /> � . •��.-; amouni of the sams se�vred immed�iat�ly befose che taldng,divided bY(b)the fair market vatae of the Property immediatelY : =��'-�-
<br /> before We taiang• An9 balance shall be paid to Borrower. Ia the event of a parual tatdng of the Property ia which the fair "°s��`�'"_.
<br /> `"�_-
<br /> market valne of the Propetty immediatelY before fhe taldng is fess d�an the amawnt of the sums seaued i.mmediately befone the '��_
<br /> , - q�ng,w�less Bormwer aud Lender otheiwise agee in writing or anless applicable law otherwise paovides. the Pmceeds shall •;����:`�--
<br /> be a p plied w d�sams secvred by¢�is Security Insanment whedier os not the s�ms are then dne. �-=-- .�---
<br /> • • If the Praperty is abandoned bY Boaower,or if,after notice hy Lender w Borrower t�t the condemnar offers to�a k e att . _,.:�, '__ -- ._
<br /> . -r^:� award or seWe a claim for damag�,Borrower fa�s w iespond to I.euder within 30 days after the date the nodce is given, ;-- _ �.�.
<br /> ' Lender is authorized w coltect aud a,�piy the pmcxeds,at iitss option,either to restoration or repair af the Propertq or to the sams ��
<br /> • ' secated by this Sec�ity Ingbrament,w�et6er or nat then dae. :L,�
<br /> � Unless Lgnde�and Boimwer otheravise aeree in wciting, anY aPPlirdtion of pmceeds to p:incipal sl�all not eatend or - ;.�
<br /> _ � � - postpone the dae date of the monilily payments raferced to ia pazagraphs 1 and 2 or chasge the amonnt of suc�paymetus. _ "`'�`""��`
<br /> . li_Borrower Nut Rdeased;For6earance By Lender Not a VPalver.Extensian of the dme fo:payment as madifiration . ,�:��s.�
<br /> �� of amozaration of the sums secared by this Secarity Inst�ument 8za�ted by Leader to any successor in i�e�est of Basower shall :..• . .�":— _-
<br /> , n o t o p e z a t e to retease the liabiiity of the original Bormwer or Borrower's successois in intere�t.L.ender shall nnt be required ro �., k� ,.��,.•,;_�
<br /> ` cummence praceedings againct any saccessor in interest or refnse w estend time for payment or o t herwise mo e ti f y a m o rt�z a d o n .
<br /> � of the sams secared b y this Sesarity Insnnment by reason of any demand made by d�e original Borrower or Bosrower's .l , .��;�;
<br /> � successa�s in interest. Any forbearance by Lender ia exercising any ri g ht or m�n e dy s h a i l n o t b e a w a i v e r o f o r p r e c l n d e t h e , •. �,�.,;.
<br /> mi
<br /> exercise of any right or remedp. ��r� ' • °�
<br /> . .. � 1Z.Snccessoss sud Assigas Bound►Joi�and 3everal i�abjtity,Co-sfgners. The cavenants aad agceements of tids . '; :- .��.:;
<br /> .. " - Sec�ity instr�ent shall bind sud benefit the successors and assigns af Lender and Boaower. subject W the pmvisions of .,"}° �:
<br /> " . ' paragrapL 17. Bormwer's covenants a+nd agreemenis sball be joins and seveial. Any Borrower who co-signs this Secarity . '��`,..
<br /> Instniment but does not execate the Note:(a)is co-signin8 this Securiry lacuument only w mortgage.grane and comey tbat • ;.,,��<,;
<br /> Borrower's interest in the Property under the teims of tHis SaauIty Iastiument;(b)is not personally obtigated¢o pay the sams . .. ..� .�.-
<br /> . secured by this Security Instcament;and(c)aS�es ti�at Lender and any otLer Borrower may apee to e�ctead,modifY�fosbear or . :- ',,R�`=
<br /> � mage stny accommodadong with regard ta the terms of tlus Secnriry Insuumont or the Note without ttiat Borrawer's consent. .
<br /> � ' 13.Loan C6arges.If the loan secured by this Secvrity Insuament is sabject to a taw wluch sets maximum loan cbarges, ` .'�,��
<br /> . .-r__.
<br /> aud that law is finaily inte�preted so tl�at the interest or other loan char�es collecxed or w 8e collected in coanecdon with the . � •�..,�
<br /> ' loan exceed the pem�itied limiu,then: (a)any such loan charge shall be reduced by the amount necessary to reduce We eLarge ° _ _- .
<br /> ' to the pecmitted limit:and(b)anY sums already callected froa+n Boirower wlucb exceeded permitted limits wW be refunded W , -
<br /> Borrower. Lender may choose m make this refund by ceducing the prineipal owed under the Note ar by making a direct • •• , � ..
<br /> . � � . payment to Borrower. If a refund zefi►ces principal. the reduction will be treated as a pa:dal �.repaymeni withaut az►y �"'
<br /> .+ .,••
<br /> , . � `. ::.; prepayment charge under the Note. .' '. �. • `
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<br /> � 14.Nouces.Any notice to Boaower provided for in this Securiry 1,utrument shall be given by delivering it or by mailing . ',�` '
<br /> � ,, i it by fust class mail untess applicat�1e law requires use of another method.The notice shail be clirected to the Property Address .
<br /> � � or any other address Borrower designates by notice to Lender. Any notice ta l.ender shall be given by fitst class mail to
<br /> �; ' Lender's addres�stated hereia or any other address Lender designates by nodce to Boaower. Any nctice provided for in tHis
<br /> ; . � Secwity Instmment sUaU be deemed to have been given to Bonower or Leader when given as provided ia this paragraph. : . . '
<br /> . � 15.Governing I.�w; SeverabilIty. This Security Inswment sball be govemed by fe�teral law and the law of the ;.. ,
<br /> �. , .. : jurisdiction ia which the Property is lacated. In the event[uat any provision or clause of this Security lnsm�ment or the Note
<br /> • conflicts with applicab2e Iaw.such conflict shall not affect other provisions of tlus Security la5trument or the Note which c�n be 4' .
<br /> given effect without the conflicdng provision.To this end the provisions of tl�is Security Insttument and the Note are declared : �
<br /> � to be severabte. - �
<br /> � : 16.Borrower's Copy.Borrower shall be pven one conformed wpy of the Note and of this Securiry InsYniment.
<br /> Form 30 8190 •
<br /> � ��6RINE)ie2�2t.o� vageaol9 i .�
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