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<br /> PaY��Y no longer be required,at the opdon of Lxnder.if mortgage insuiance coverage(n the amount and for the period k . ,;. `-
<br /> " . `� that Ixnder requires)Pmvided by an insucer appioved by Lender again becomes ava'sla6(e azul is ohtained. Borrower shall pay .. .
<br /> ` � j to maintain mortgage insviance in effect,or to provide a loss resenre.until the requirement for mortgage �� �•• �'
<br />_ • the premiums required . „ -.
<br /> �• ' with any wriaen a ent between Borrower and Lender or applicable law. ,
<br /> i insivanne ends in acrnrdance Sr� - .- ':
<br /> . - ----- • -j 9.Inspection.I.ender or its agent may make reasovable enuies upan aad inspections of the Propercy. Lender shall give . _<------�-.-_r�
<br /> • � Borrower notice at the time of or prior w an inspecdon specifying reasanable cause for the incpection.
<br /> i 10. Condemnation. '17ie pmceeds of ar►y aarard or claim for damages, direct or conseqaential. in connecaon with any �F,
<br /> . _ ', �.;^
<br /> • � wndetnnauon or atber talan8 of any part of the Property, or for comrepance in lieu of oondemnation.are hereby ass��ed and --. —. c.:.
<br /> • `` ' si�ail be paid w Lendes. �`. .
<br /> ' `i In the event of a wtal ta�ng of the Prapeity,the Pmceeds shall be applied to the sums secured by thi�Security Inswme�, � . ;`.
<br /> � whedur or not thea due, witt►any e�paid to Boaower. In tl�e event of a partial talowg of the�ropertY in which the fair _ • � • ��
<br /> , `< market value of the PropertY irnmediately befoie the�n8 is e4aa1 to or gteater tban the amouIIt of the snms secoted by tbis 4.;<r.-`r:, �:
<br /> Secority Iast�ament immediately before tLe taldn8,anless Borrower and Ixnder otheTwise agree in vuriting,the sums secuied by � .4.,. .; .. �;�.
<br /> this Sec�uity lasuament sball be reduced by the amount of the pracceds multiplied by the following fracxion: (a) the total ;';,,. �'.
<br /> .x amaunt of the sums secated immediately befoie the tatdn8,divided by(b)the fair market value of the PmpertY immediatelY .::�,• .;:,,.��.�.:
<br /> ` � before the taking. Any balance s5a11 be paid w Borrower. In the event of a partial tatonS of the Property in whicJ►the fau' • ,-_
<br /> " � market value af the Propertq immediately before the talnng is less than the amoant of the sums secuced immediately before die ,,; �_
<br /> ' ' taking,unless Bomnwer and Ltinder othecwise agree in writing or unless applicable law otherwise provides.the pmceeds sba11 �.�;,;:��_},�._-
<br /> . , he applied to the sums seeured bq this Security insaramenc whether or noi the sams ace then dae. _� a°-__.---
<br /> If the Property is abandoned by Boaower,or if.afrer notice by l.ender w Boaower that the coademnor ofiecs to mage an � �;_
<br /> award or settte a claim for damages, Bottower fails co respond w Lender within 34 days after the date the notice is given, , .•.:__ _.
<br /> ' �. Lender is sutlwrized to collect and aPPly the pr°ceeds.at iu option,either to mstoradon or repair of the Pmperty or to t�e sums ',� �~_ �
<br />- �. secured by this Secuiity Insaument,K+hether or not then due. ��ian of mceeds to principal shall not extend or -
<br /> Untesg Lender and Boirower othe�vise agree in writinS, �Y aPP P � �
<br /> , •. postpone the due date of the montWq paywents refened to in paiagrapbs 1 and 2 or change the amount of such payments. � ,,,���-�
<br /> � il.Borrower Not Released;Forbearance BY 1.ender Not a Waiver.Extension of the time far paymeat os modificadon ___
<br /> � . of amortizarioa of the su�sec�red by this Secucity 1n.smmient Srsnted by Le°der to anq successor in interest of Borrower sball �-,�
<br /> � . , not opetate to release the liability of the original Borrower or Borrower's successois ia inieresY.Lender shall not be required w �.�,.;,::�_
<br /> ���pmceedipSs against aay successor in interest ar refuse to extend time for payment or otheiwise madify amortization _ �' �, ,
<br /> � of the sums sec�ued by this Security 1►u'uament by reason af aay demand made by the original Boaower or Bonower's �••'.. • <;I:�:,�;
<br /> . . yucc�ors in interest, Any forbeardnce by Lsnder u►exercising any righc or remedq shall not be a waiver of or preclude the . `.:��_
<br /> � exercise of any right or temedy. .�'
<br /> ; '';1 12. Successors and Asslgns Bound;Joint and Several Liability; Co�igners. 'fhe covenan�s and ap,reements of this �:
<br /> . ge�auity Iasuument shall bind and benefit the successors and�ssiSns of Lender aad Barrower. subject w the provisions of ,�;r,,--,;,
<br /> .� P�B�Ph 17. Bomnwer's covenan�s and asree�nents shall he joint and sevetal. Any Bormwer who co-signs this Secucity . ':..:;;�;.;-
<br /> ,e,;, ,.
<br /> � insm�ment but does not execute the Note: (a) is co-signin8 this SecuntY �n�n�ent oNy to mortgage, graat and comey that .;;_.�p
<br /> � • • Boim�rer's interest in the Properry under the teims of this Security Insttument;(b)is noi personaUy obligated to pay the snms ' • '. ?�w�-
<br /> , � secured by this Security Innmmen�and(c)agrees that Lender and any other Burrower may agree to extend,modify,foibear or :�-:
<br /> make any aocommodadoas with regard ro the terms of this Serurity Insunmenc or the Note without that Borrower's consent. �° .. ���..
<br /> 13.Loan CLarges.If the loan seca:ed by this Security Insuument is subject to a law wtrich sets maximutn loan charges. . �� ;'"�z_
<br /> . , and that law is finalJy interpreted so tbat the interest or other loan charges callected or tn be coll�in connectlon with the �" ��
<br /> ' � toan excad the permitted limits,then:(a)any such loan ct�arge shall be reduced by ti�amount necessary to reduce the chazge , ._
<br /> • to the permitted limlt;and N)anY su�s�dY�llected&om Borrower wfuch exceeded pemiltted lirnits will be refunded to ; _ , . ,
<br /> Boaower. Lender may choose to make this refund by reducing the principal owed under the Note or by malQng a direct . ,
<br /> ' payment to Borrower. If a refund reduces principal. the reducdon will be treated as a partial prepayment without any • , . . .
<br /> " , . prepaytnent charge under the Note. ' - �
<br /> 14.Notlees.Any nodce to Bonower pravided for in this Secwity Insuument shall be given by delivering it or by mailing
<br /> ' it by first class mail unless applicable law requires use of another method.The norice shall be directed to the Property Address , •
<br /> or any other addtess Boaower desi�nates by notice to Lender. My notice to Lxnder sha11 be given by S�t class mail to
<br /> �:; � . Lender's address stated herein or any other address Lender designates by notice to Borrower. My notice provided foi in this
<br /> • Security Inswment shall be deemed to have been given to Borrower or Lender when gven as providecl in this paragaph. � . . _
<br /> 15.Governin� Law3 Severabillty. This Security lnsuument shall be govemed by fecierel law and the law of the
<br /> ' jurisdiction in which the Properry is located. In the event that any provision or dause of this Security Inswment or the Note � . •,
<br /> , conflicts wlth applicable law.such canflict shall not affect other provisions of this Securiry Instrument or the Note which can be .
<br /> given effect without the wnflicting pravision. To tLis end the provisions of this Seturity lnstrument and the Note are declared
<br /> •• � to be severable. � �
<br /> . l6.Borrower's Copy.Bonower shall be given one wnformed copy of the Nate anci of this Security Instrument.
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<br /> Fotm 3028 190
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