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<br /> � ,+ rc uired,ut thc option of L-cndcr, if mortgagc insurancc covcragc(in�c umount und for the period
<br /> paynic»ts tnay no lo»bcr bc q
<br /> . " ;,-i that Lendcr rcquires>providcd by an insurer upprrncd by I.cnder a�nin hecomes availahlc anJ is obtained. Bonower sha Puy
<br /> '• the premium�required to maintain mortguge insurance in effcct,or to provide u loss rescrve,until the requircmcnt for mortgs��e
<br /> '� insurance end,in uccordance with any written agreement between Borrawer:�nd l.ender or upplicable law.
<br /> �.�:�a��ia� 9. [nspection. L.cnder or its ngent muy malce rcasonablc cntries upon und mspcctions uf the Property. Lcnder shall give �.'
<br /> ,�.• ..r, -
<br /> Borrower notice at the time af or prior to an inspection specifying rensonuble cuuse far the inspectiou.
<br /> +��"�',r � 10. Condemnatton.The proceeds of any award or claim for damuges. direct or canscquential, in connection with any
<br /> ��� condemnution or ather taking of uny part of tl�e Property, ar for conveyance in lie�x�f condemnation, are hereby assigned and .
<br /> �� . �: shall bc paid to l.cndcr. �'
<br /> �,,,•, In tiie event of a totsl ueking of the Property, the proceeds shall be applied to the sums securcd by this Secutriry Instrument. :t�.'�
<br /> � whether or not then due,with any excess puid to Borrower. In the event of u partial taking of'the Property in which the fair
<br /> " t� ' market value af the Property immediatcly before tlx taking is equ�l to or greater thnn the amount of the sums secured by this
<br /> d` '. ;
<br /> Security Instrument immediatr,ly before the tuk'1�•�oun Bofrtheeprocee;ds mult plied'by he following�fracri n�n(a)ethe�tal �.:,'
<br /> � .�i this Security Instrument shall bc recluced by '.:
<br /> "'��: amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately �!_
<br /> ' b e f o r e t hc takin g. An y balance shall be paid to Borrower. In the event of a partiul taking of the Property in which the fair
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<br /> market value of the Property immediately before thc taking is less t han t he a r n o u n t o f t h e s u m s s e c u r e d immediately before the ,.�-
<br /> y . �. �•�
<br />;;.,, .; :;'�c taking, unless Bonower and Lender otherwise agrce in writing or unless applicable law otherwise provides,the proceeds shall -
<br /> be applied to t}ie sums secured by this Secui•ity instmment whether or not the sums are then due.
<br /> `�c=r'-�•.i.w.�, If the Property is abandoned by Bonower, or if, after notice by L.ender to Borrower that the condemnor offers ro make an ` i
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<br />_r'�:�.., � -_
<br /> a�vard or sectle a claim for damages, Bonower fuils to respond to Lender within 3U days after the date the notice is grven, _
<br /> ' ' •� Lender is authorized to wllect and apply the proceeds,at its option,either to restoration or repair of the Pra perty or to the sums _
<br /> ��`?}��� ''' secured by this Security Instrument,whether or not then due. _
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<br /> Unless Lender and Borrower otherwise a�ree in writing, any application of proceeds to principal shaU not exten or
<br /> =��r�^�t" postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the umount of such paymerds.
<br /> =::;ta;°".,` 11.Borrower Not Released;Forbearnnce By I.ender Not a Waiver. Exrensian of the time for payment or modification
<br />""�"'` � of amortization of the sums securect by this Security Instrument granted by I.ender to any successor in interest of Borrower shall
<br /> - _..:a�'� � -
<br /> --l• a �` not operate to release ti�e iiaoiiiiy uf ii�e origi��al E�%:'s'�`•`•'er ns Rnrr�wer's successors in interest. L.ender shall not be requir to
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<br /> �°��ri`'�.x.�?�'� commence procecdings against any successor in interest or refuse to extend time for payment or otherwise modi'ty amori;catior�
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<br /> �-_ '�• •j�� of the sums securecl by this Security lnstrument by reason of any demand made by the original Boreower or Bonower's
<br /> -`�'=-'�x`=.� successors in interest. Any forbearaucc by I.endcr in exercising any right or remedy shall not be a waiver of or preclude the
<br /> _�:,.-°`w�.i�r�s�; exercise of any rtght or remedy.
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<br /> _ �� Co-si ners. The covenants and agreements of this
<br /> 12. Successc�rs and Assigns Bouud;Jo[nt and Several Ltability; �
<br /> ���� Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of
<br /> �_.�_��� paragraph 17. Bonower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security —
<br />— -:-=��.n.,� Instrument but does not execute the Note: (a) is co-signing this 5ecuriry Instrument only to mortgage, grant and convey that
<br /> --� - - Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> ,� secured by thts Security Instrument; and(c)agrees that Lender and any other Borrower may agree to extend,madify,forbear or
<br /> ___ make any accommodations with regard to the terms'oSecunt�Inst menrt isesubject o a law wl ich�sets maximum 1 anscharges,
<br /> — ��'�■ 1 3.L o a n C h u r�e s. I f t h e l o a n s e c u r e d b y Y
<br /> �Y and thnt law is finally interpreted so tliat the interest or other loan charges callect e d or to be co l lec t e d i n w n n e c t i o n w i t h t h e
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> _ to the permitted limit;and(b) any sums already collected from Borrower which exceeded permitced limits will be refunded to
<br /> Bonower. I.ender may choose to make this refund by reducing the principal owed under the Note or by makin� a direct
<br /> f payment to Borrower. If a refund reduccs principal, the reduction will be treated as a partial prepayment without any
<br /> --------------- pmpayment charge under the Note.
<br /> 14,Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by cn mg
<br /> --- , it by first class mail unless upplicable law requires use of another method. The notice shall be directecl to the Property Address
<br /> �°;.� or any other address Honower designates by notice to Lender. Any notice to I.ender shnll be given by first class mail to
<br /> = C.ender's address stated herein or any other addmss Lender desi�nates by notice to Borrower. Any notice provided for in this
<br /> -�W;,:�;. Security Instrumcnt shall bc deemeci to have been given to Borrower or l..ender when given as provided in this paragraph.
<br />- --ry-�"-"�'!� 15.Gaverning Law; Severabtlity. This Securiry Instrument shall be governed by federal law and the la�v of the
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<br /> _=T_�,rs, � jurisdiction in which the Ptoperty is located. In the event that any provision or clause of this Security Instrument or dte ote
<br /> -�+r=�=��;e� conflicts with applicable�aw,such conflict shaU not uffect other provisions of this Security Inswment or the Note which can be
<br /> �-`�==f fa�k`.� given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br /> '°'�"�"°"� to be severable.
<br /> y�"n� •� 16.Borrower's Copy.Borrower shall be given one conformecl copy of the Note and of this Seeurity Instrument.
<br /> ;�_}�� Form 3028 9190
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