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<br /> pt►ymentx may no Icmger he reyuired,at die npdon of Lender, if�nangage ii�.surn��ce coverage(in tliC amount ftnd for tl�e pericxl "
<br /> di�U Lxnder requires)provided hy un iatiurer��pprc�ved by Le;nder agxici hecomes availahl� nnd isobtnined. �orruwer hhall pay .
<br /> the prentlums requlred to nminttdn mortgxg�insurHncG itt effect,or to provide x loss reserve:,unul Air requlrentent fc�r ntartg��ge -�
<br /> iusurauw cnd:�In acccirdai�ce wiA�:�ny vrritten:�green�ent hen��een Borcov�er and L.t:ndcr nr applicablr law. ;
<br /> 9. Inspeitlon. Lender c�r iGti agent miiy make reatiouable entries upon xnd inspectioi�.ti of d�e Propeay. Ixnder shnll glve
<br /> Qorrower notice xt the timenf ot pdor to;tn itLS}�ectlon specifying reasonxble cause for the inspecaon. ' _
<br /> l0. Condemnatlon. Tli� prcxeeds of any xwxrd or clf►im far�nages. dlrect��r c;onsequential, in conne�:tion with any
<br /> coudem��atton or other utking of any part af the Pr�perty,or for conveyxnce in lieu of condema�Gon, ure hereby asslgned uud .
<br /> sh�ll bc paid tu L.cnder.
<br /> In the event of a tatal laking of the Prnperty,the proceeds shall be applied to the swns secured by thLs Security Insuument. � � f
<br /> whether or not then due. with aay excess paici to fiorruwer. Iu the event of a partial taYing of�he Property in which the fair ' , ,,
<br /> market value of die �ropeny unmediately is�fore the taddng is equal to or greater than the amount of the sums secured by this ` •_:�,v�.::Y'
<br /> Security Inswment imaiediately befare the taldng,ualess Borrower end L,�nder otherwise agree ia writing, the sums secured by ,. _ �•�=�-_-
<br /> this Securlry Iastcument s4a11 be reduced by the amount of the proceeds muldplied by the followins fracdon: (a) the total . *�L�?:`'=::-=
<br /> amount of the svms secured immediately before the taldng, divided by (b) the fair market vulue of the Property immediately �`' `
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<br /> before the taking. Any balance shall be paid to Borrower, In the event of a partial taking of t6e Property in which the fair ��
<br /> market value of the Propeity immediately before the taking is less tUan the amount of the swas secured immediately before t�e ' :�, �:�- --
<br /> � taldng,unless Borrower and I.eader otherwise agree in wridng or unless appllcable law otherwise provides, the proceeds sliall �--�'�
<br /> � be applied to the sums secured by this Security Instrumeat whether or uot tLe sums are then due. � '�•�•-
<br /> • If the Praperty is abandoned by Boaower,or if,after nouce by Lender to Bonower that the condemnor offers to make an �;�, `
<br /> award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the nodce is given. • �;�:�:-
<br /> Lender is authorized to collect and apply the proceeds,at its oprion,either to restoraaon or repair of the Property or to the sums �
<br /> securc.d by this Securiry Instcuument,whether or not then due. -� •
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<br /> �' Unless Lender and Borrower otherwise agree in wrldng, any application of proceeds to pxincipal shall not extend or ..��:• �`L �
<br /> " postpane the clue dute of tLe mont}ily paymenu referred to ui paragraphs 1 and 2 or change the amount of sucL payments.
<br /> 11.Borrower Not Releaszd;Forbearance By Ix,�der Not a Waiver.Bxtension of t6e time for payment ar modificadon
<br /> . �' of amortizadon of the sums secured by this Security Insuument granted by Le�der ro xny successot in interest of Bonawer sball - '�
<br /> - --- not opentte to reiease the Iiabiiiry o[the original Borrower or Borrower's succxsso�in iuicn�i. icudcr �;,uI1 iloi Y,c ic�i;i�cd io -- � �`"-
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<br /> commence proceedings against aay successor in interest or refuse to extend time for payment or athenuise modify nnaordzarion
<br /> of the sums secured by t6is Security Iasuument by reason of xny aemand made by t3ie original Borrower or Bonower's ,,;; -
<br /> � successors in interest. A,ny forbearance by Lender in exercising any dght or remedy shall not be a waiver of ar preclude the , :� : '
<br /> exercise of any right or rewedy. "
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<br /> 12. Successors end Assigns Bound; Jotnt and Several Liabtlity;Co-signers. The covenants and agreements of tl�Is �., .
<br /> Security Insmiment shall bind and benefit the successors and assigas of Lender and IIorrower,subject w the provisions of �
<br /> paragaph 17. Boaower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Securlry c , '
<br /> Insaument but dces not execute the Note: (a) is co-signing tl�s Security Iasuument only to moctgage.grant and convey tl�at _
<br /> Borrower's intemst in the Property under the tetms of this Security lastivment(b)is not personally obligated to pay the sums ��
<br /> secured by this Securiry Instn�ment;and(c)agrces that Lender and any other Bonower may agree to extend,modify,forbear or �'����
<br /> '. „ • make any accommodadons with regard to the terms of this Security Instrument or the Note without that Borrower's consent. __�`—
<br /> �,;.. : 13.Loan Charges.If the loan secured by tlris Security Insuvment is subject to a luw which se�s meximuni loan charges. - --.�...
<br /> and tl�at law is finally inte�preted so tl�at the lnterest or other loan charges collectecl or to be collected in convecdon with the +=�u'
<br /> . loan exceed the pe�itted limits, then: (a)any such loan cUarge shall be rectiiced by the amount necessaiy to reduce the charge _ -
<br />- - to the permiued limit;and(b)anY sums already collected from Bortawer which exceeded permitted lIffiits will be refunded to .,
<br /> � Bo:mwer. l.,ender may choose to make this refund by reducin� t6e principal owecl under the Note or by maldng a d+'irect �. . W.saeear.�a..�,�a�
<br /> - �.- pay�enc w Bu�wrr. If u c�iw►d rraiu�s p�iw:ipni. iLC ,c�Iu�ti�u w�lt he ueau:d as a partiat p�epaymcnt wit2�out nny _____ -__
<br /> _; prepayment charge under t6e iVote. -,
<br />'��� =' � - • 14.Notices.Any nodce to Bomower provided for ia this Securiry Instcument shall be givenby deliverin�it or by mailing = .
<br /> ° ° �� it by first class mail unless applicable law requims use of anotLer method.The nodce sUall be directed to the Property Addmss �""""�'�'
<br /> or any other address Rurrower designates by natice to Lender. Any noace to Lender shall be given by first class m�il to ' �"—���
<br /> � '� Lender's address stated herei.n or any other address Lender designates by nodce to Borrower. Auy notice provided for in this �'i;� -
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<br /> Security Insmiment shall be deemed to have been given to Bonower or Lender�vhen given as pmvided in tliis paragraph. ��';�' � -
<br /> 15.Governing Ilaw; Severnbtl[ty. T6is Security Insuument st�all be govemcd by federal law and the law of�he �•�`�`"'"�'`' '�'��,.
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<br /> jurisdicdon in whlch the Property is located. In tlte event tbat any provision or clause of tlris Security Inst�ent or the Note '°�-=:':� •� " -•-
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<br /> conflicts with applicable law, such sonflict shall not affect other provisions of thia Security instiument or the Note which can be _ r
<br /> given effect without the coatlicting provision. To tlris end the provisions of this Securiry Iastzument arsd the Note are declated
<br /> . to be severable. � � .
<br /> _ 16.Borrower's Copy.Borrower shall be given one confor�ed copy of the Note aud of this Security Instn�ment.
<br /> Form 3028 9I80 �
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