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<br /> {. payments maq no tonger be requi�ed,at the option of Lender,if mortgage intivzance coverage(in the amount and for the period :� ..``
<br /> that i.ender n q u i�e s)Pmvid�d by an ins[uer appmved by L.ender agai.n becomes available anci is abtained.Boaower shall pay . �� 4:�, .`. ,
<br /> ` �P��I��ma;nra;n�rtgage iasvr.uu�e ia effect,or w pmvide a lo�iesenre.until the�quirement far m�rtgaSe C� . . .
<br /> =-� insuiaa�e ends in accordance witb aay written agreemeat becareen Bomnwer and Leuder or applica6le taw. � f� . - .��`'ti: . ,.;:
<br /> ' ,_.----ss. 9.Iaspedton.l�nder or its agent maq make reasonable enuies e►pon aad inspecdons of the Property.Lender sha11 give � • ` .
<br /> � . ,
<br /> . �. Boaower aatice at the mne of or paar to an inspection specifyiung reasoffible cae�se for the insp�ction _ ...--
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<br /> _• "__ , _.__ _ 10.Coud�un.The proceeds of a�r avrard or claim for damagPS,direct or re�equearial. in connecdon with an�p� --- -- -, -----';
<br /> � �.. .. . ..
<br /> � " condeu�mnatian or other tak�g of aay part of the Paoperty.or for comreyance in li�of condemnation,are 1�etehY a�iSned _ <'� � �`
<br /> na
<br /> ' . " shall be paid to Lender. . ,.�.
<br /> ' . , In the event of a toral takin8 of the Propeny.the pmceeds sLall be applied w die sams se�red by this Seauity Instmment, .
<br /> - ' . - whether or not then due.with any eacess paid w BaTrower. tn tLe event of a partial taldng of the Prope�ty in wluch the fair .�-4;`'
<br /> � , market vatne of the Ptoperty im�ediately hefore the taking is equal w or gceater tLan tbe amaunt of the sams s�b9 tLis _ � ` ,.._'�..:
<br /> � � Se�rit�►Inst�eni immediatelY befaie the taking,�mtess Boaawer and Lender otherar�se agree in writing,the sams s�by �:�•.� �•"''.�`''"'
<br /> `<��� this Secnrity Insonuneni shari be�educed hy the amnunt of tBe pmceeds molriplied bp the foltowing fracdon: (a) the total � ..r`�``'.:_:..:;
<br /> amonni of the sums secaced�lY before tbe�ng,d'ivided by(b)the fair markee valne of the Ptoperty immediately �;,
<br /> ' � 6efo�e the ta�n8. Any balance sball be paid to Borrower. In the event of a pa:tial takinS of the Propertq in wtrich the fair ; -� _- �
<br /> . ��: market vatae of d�Prnperty immediately bef�e the tatdng is�ss 1Laa the amo�t of the sums secared�mmed3ately before the �,;_� .• `': ..
<br /> , ,� ,. £ takia8,tmle�s Borrower and Ixnder otheiwise agee in writing or ualesc applicable law otheiwise piovides.the pmcee�s shall � _ •..�
<br /> `'` be applied ta the sams secared by this Secarity inst�vment whether or nnt the s�ans are then due. �� r��''
<br /> . _ ' If the Progerty is abandoned by Boaawer,ar i�after nattce bp Ixnder to Hormwer that ti�e condemrmr offers w make an �- � s �;�
<br /> � =r award ar setde a daim far cTamages. 8orrower fa�s to respnad to Lender within 30 days after the date the nodce is grven, :'-4�r:�:.°,. _ -
<br /> Lender is antho�ized to collecx and apply the pmceeds,at its option,either to�estoration or repair of the Pr�operty or to ttte sam� ---
<br /> . secared by this Sec[uitq I�arent,whethei or not then dne. -. .�• ��-.-
<br /> • � � � Unless Lender and Boaower atherwise agiee ia writinS, anY aPPlicatioa of pmcceds w principal si�all �ot extend or . .�T
<br /> postpone the due date of the mnntbly payments refer�ed w in pazagiaphs 1 and 2 or cl�ange the amauni of sach payments. �_� ^�`
<br /> 11.Bormwer Not Relcase�Forbearance By L�d�Not a Waiv�.Bgte�sian of the dme fnr payment or modification '���'�
<br /> eas
<br /> ' of amortizadon of the sams sec�nred by this Secnrity lnsc�ent granted bY L�ader W anY succe�or in interest of Boaower s6all � r�
<br /> `�`� not opeiate ta rclease the liab�itp of the original Bosowes or Boirower's successors in interest.L.eader shall nnt t�e r��ired t° ��;�_.*"-• _
<br /> � ' counmence pmceedings against any svcces�br in interest or iefnse to eatend time for payment ar otiseiwise modify awortt�tion ,..i -
<br /> � �� of the sams seamed bp this SecariCq Inst�ent bY r�son of a�r demand made by the original Barnower oi Bomnwer's -��= - _
<br /> � � saceesso�s in in�mst. A�forbearance by Lender in�ercising any right or�medy shall ns�t be a waivet of or pretlnde ths ' :.`.���_
<br /> .� • e�[e�ise of at►y right or remedy. '--. '�..,.-�-,.
<br /> ► ,�
<br /> YZ.Successors and Assignc Bo�d;Joint and Several Liabvityi Co-signers• 7he covenauts and ageemeats of this � �..:,; : , r ._,
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<br /> , � Ser�ity In.�tmment sLall bind and benefit the svccessois and assi8ns of Lender and Bomower, sabject to the provisions of ; ;,�-� � . .: .v..-.
<br /> .. ?,,:.. ;,:.�.�`�
<br /> . . . P��Pb IT. Boaower's covenants amf agnements s b a U b e joint an d seve r a l. A ny B o r m w e s v u h o c o-s i g n s t b i s S e c a r i t Y ; , ":_. �,._4
<br /> . Imsuument but does not execute the Note:(a)is co-signing this SeQUity Insuan�eens only to mortg�qe. Szant and comrey that , . . `'"";.�--
<br /> • . Bormwer's interest ia the Properry under the terms of this Security Insaument:N)is not personallg obIigated ta pay tbe sams .. . ,�`.
<br /> forbear or `��
<br /> " • seia�red by tLis Secariq+Insauraent:and(c)agcees that I.ender and any other Borrower maq ag�ee to extend,modifY, r.-�;
<br /> . make any aceommodatioas witb regard w the cerms of tlus Securiry Inst�ent or the Nqte withaut that Borrower's wnsent. �„�:r
<br /> 13.I.�oaa Chaeges•If the loan secared by this Seciuitq Insuu�ent is sobject to a law which sets maximum Iaan cLarges, . .,. "
<br /> and that taw is 5na]Iy iateipseted so tLat the interest or ot�er loan charges collected or to be collected in connecdon artth ttie .' �`
<br /> ` � toan eaceed the petmiued limits,then: (a)any such loan cbarge al�all be reduced by the amount necessary w reduce the charge , _ -
<br /> . . � . to the pesmisted limit;aad(b)anY sams a]readY collected from Hasmwer wLich exceeded peimiued limits wiU be refuaded to � . •
<br /> . . Bonower. Lendes may chaose w make this refand by reducing the principal owed under the Note or by maldn� a dinct
<br /> . , � � a ent w Bonower. If a refand redaces principal. the reduction will be treated as a partial prepayment wlthwt a�► . . . .. �
<br /> . P Ym �.�L,
<br /> : . . � .; P�Y���Se under the Note. �, ..
<br /> ' • 14.Notices.Any notice to Borrower provided for in tlus Security Insuument sbali be given by delivertng it or by mailing ,.
<br /> . • �� it by first class mail vnless applicab2e law requires use of another method.The nodcc shaU be dlrected to the Propetty/�ddress �"
<br /> • ^� ar any other address Bosower designates by nodce to Lender. Any nodce to Lender sha11 be given by first class mail to � � •.,:
<br /> • . '; Lender's address staced herein or aay other address Lender designates by aotice to Borrower.Any notice pmvided for in this . � .. •
<br /> ' � � gecuritp Insuument shall be deemed to have been given to Borrower or Lender when glven as provided in tfiis paragr�ph.
<br /> 15.Govprniag Law; Severabiiity. This Security Insanment shall be Soveraed by federal !aw and the law of the . .
<br /> • jurisdicdoa in wt�ch the Property is located. In the event that any provision or clause of this Secarity Ins�ument or the Note � �. •
<br /> • conflias with applicable]aw.such conflict shall not affect other pravisions of this Securiry Insuument or the Note which can be ..
<br /> � � given effect a+ithout the confltcdng provisIon.To this end the provlsions of this Secority lnsuument and the Note are declared . , .
<br /> to be severable. ' � • ''
<br /> 16.�nrrower's Copy.Borcower shall be given one conforated copy of the Note and of this Security lnsuument. • :
<br /> � Form 3 28 0 � �
<br /> . . � ��8RWE1 ts�ta�.ot vafyuaof s �nusti• . .
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