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<br /> if e iasvrance oovezage('ia�amouIIt aztd foz tlle peIIOd r �
<br /> - . ' payments may no Wnger be re�uired.at the opuon of Lender. moc�SaB ' ..., _
<br /> ' � that I.ender requires)Pmvided by an insaiet approo�ecl bY I.euder again becaanes available and is obtainr.d.Borrower sball pay . ��t `c,t.• . ..
<br /> .. . �he p�emimns reqnired w mainiain mortgage insarance ia effiect,or w piavide a loss resenre,antil the requicement for unortgage ` ; • .
<br /> � `� � b�tween Bortowec and Lendee or applicable law. , ",:,
<br /> '�-�=- insa�suce�cLs in accordance with aay wriuea agceement .
<br /> .�--`�- 9.I n s pec�ton.Leuder or its agent may make ieasunable ent�ies upon and'uapeaions of the Praperty.Lender shall�ve .� -��.
<br /> � - --� Bonouter noti�at the ti�of or priar to aa inspearan sPecifSrinS�asonahle ravse for the inspecdon. --= - -
<br /> • � �°: ; t 10. Conde�at[an.The praceeds of any award or claim for damages, direct or soasequential. in conaection with any � ' '� .
<br /> � condemnadon or other taldng af aa9 Pa�of the Property. or for camreysuce ia lieu of condemaation,ace heieby assignell and . -
<br /> � , ,
<br /> � ahall be patd to I.Knder. ` � `: :
<br /> I nder
<br /> .<� ' � . � ' In the event of a toCei ta1dnS of the PropertY.the proc.ee�Js shatl be applied m the sama secured by this Secutity Imuvment. .,
<br /> . v/hether ot nnt then due�witL anY eaoess Daid to Borrower.In tLe event of A partial talrin�of the Property in which the fair ,_��:.�
<br /> -' . . - ,- m a t k e t v a l u e o f t h e P r a p z r t Y i m�i a�el y hefoie the tat�ng Is equal m or gieater th�w tI�amount of the so�ns secared by this • :<, •�,:�m.,
<br /> .. . Seauity Insttument immettiately before the taldng.unless Eorrower and LendCt othernise agree ia w r itir�.t he s u m s�u r�b 9 �� .::-
<br /> � .� ,:-_::
<br /> . . . this Securiry Instrament sl�all be reduced by the asnonnt of the proceeds muldplied by the following f�acdon: (e�iatei� . :`-�.—
<br />. amoant of the sums secated immed�ately b�firr ttte a�ring.divided by @�the fair masket vatue of the Property Y "�,�-.•=�
<br /> . . befoie the tai�• AnY batanoe shalt be pafd w Borrowes. Iu t6e event of a partial takiag of the Property in which the fair . ,
<br /> , ... 1 7. , market valne of the Pmperty immediatcly before the tal�g is lesg rban the amwat of the sums secu:ed immediatelY before the . � � �-
<br /> ' ' ta&ing,anIe�Borrower and Leader otherwLse apee iu wsidng or onless aPPlicable law otherwise provides.the praceeds shall __
<br /> � be aPPlied w the s�s secared 6y this Secarity Insnumeat whettner or not the swns are then dae. �� .�,� �—
<br /> --_ .� . ._ If the Propettq is abandonecl 6y Bouower,or if.after nodce by I.ender to Baimwer that the condewnnr offers w make an r, ,:_..;:` -._
<br /> award or settte a claim for dama8es. Bormwer fails ta zespond to I.eader within 30 days after the date d�e �tice is given, � ,, _—
<br /> � ° � ,. Lender is�to oollect and app1Y the P�c�ds.at im aption,either to iestoration or repair of the Pmpecty or to the sams � �. ``.s�--
<br /> � � secared by this Se�urity Insm�cnt.wttether or not then dne. , ' Ar:�'i»__
<br /> Unless I.euder and Boirower otherwise agcee in writing, u►9 aPPlication of proceeds w principal shall not eatend or :..__
<br />�'. hs i and 2 or cUange the amaant of sach payments• '•''�-.'--�-��_
<br /> ,;:, � � postPone the dne date of the montlily payments�to in paiagap � . t:�,_`
<br /> ' ii.Borrower Not Reteased;Forbearaace By I.aadn'Nat a W�Iver.Extension of the time foi paymem or modificadon _� -
<br /> � �` of mnortirdtion of the sums secuied By this Sewrity Instc�ent granced by Lender to anyr successor in iaterest of Bormwer s�alt '' •���-
<br /> . . ant opeiate W release the liab�ity of the original$oaower or Borcower's svccessors in inte�est.Lender shall nat 6e reqaired to . __ _--
<br /> .";:� commence PmceedmSs aSainst a�P��or in inierest or refnse w extend time for payment or otheiwise modify aaaortizadon , _
<br /> ` = of the sums sewred by tbis Seandty Iasaument by reason of any demand made by the original Boaower or Boirower's • - ____,
<br /> `-: :'''. • saccessors ia interest. Any foibeazancs by Lender in exercising any right or remedy sHall uot be a waiver of or prec�nde the ;• ;.�-r.
<br /> f. , . ' .. , _ �.�
<br /> : ' � •;._, exercise of any right orc�medq. : �.
<br /> . 12. Sacc�'sors and A�lgng Buuudt Joint and Se`ercil Idab�itqi C�Sners. 1�c covenants and agreement4 of th�s
<br /> . ` '- - , Seavrity Instmment sl�all bind and benefit the successo:s and asvgng of I.ender and Bormwer, subject to the pravisioas of ' . :-�:�`_
<br /> . • paragca�h 17. Borrower's covenanss and agceements shaU be joint and sevetal. Any Borrower who co�signs this Secaritq . �=.��-
<br /> onl to mort a e and com�ey that .�.:;,� ';�=s`����
<br /> .'� Insun��t imt daes not execate tt�Note:(a)is co-siSning this Secariry lnstn�ment Y S S • � •
<br /> � ' Boaower's interest in the Property under the teims of this Security Insu�n�:(b�is uat�SOnally obligated W pay t9e sums '�';'.�'' ;�;�'`�_
<br /> se�.vred by this Secaritq Insaument;and(c)agre�that Leader and any other Boaower may agree co extend,modify,forbear or ' � .�:�::
<br /> � make any accommodations wIth regard to the cerms of this Securiry Insunsment ar the Note withont that Boaowes's cansent. � �---
<br /> � , . . 13.Loan Charges.If the loan secured hy this Securiry Insm�ment is subject to a law which sets maxlmma loan charges, . . .,:;,�_
<br /> .. � � • and that law is finally inte:preced so that the iuteresc or other toan cl�arges callected or to be col2�in cormection wi t h t h e • ,,f� �
<br /> �, loan exceed the permiued limits,then: (a)aoY sach loaa charge shall be reduced by the amouttt necessasp w reduce the charge .
<br /> � ,' to the permiued limi.t:an�@?any�nns already collected from Bonower ufiich exceeded pemutted limits wtll 6e refunded w . : - ---_
<br /> • ' � Borc�wer. Lender may choose to make this refimd by reducing the piincipal owed nnder the Note or�bY en�°IIthont�a�ny ..
<br /> _ ° payment to Borrower. If a refund reduces principal, the reducaon will be ueated as a pardal P�P Ya► _
<br /> � prepayment cfiarge under the Note. • .
<br /> • t4.Nottces.Any notice to Bormwer provided for in this Secvrity Iruuument shalE be given by deliveriug it or by mailing
<br /> . , • it by�irst ctass m131 nnless applicable law requues nse of another method.The notice shall be directed N the Property Address • • ,.
<br /> or any other address Boaower designates by norice to Lender. Any noace to Lendsr shall be given by 8rst class mail to .
<br /> • I.ender's address stated herein or any other address Lender designates by notice w Bonower. Any notice pmvided far iu this
<br /> �.��� ' Security lnstmm�ent sLall be deemed to have 6een given to Borrower or i.ender when given as pravided in thfis paragrapB• . ,
<br /> • 1g,Governing I,��v; Sevecability. This Security lnst�rument shall he gavemed by fedeial taw and the law of the .
<br /> jwr�sdiction in whlch the Property is toeated. In the event tLat any provision or clause of this Secutlty Inst�ument or the Note
<br /> � . conflicts witb applicab2e law,such conflict shall not affect nther provlstong of this Security Instrument or the Note which can be .
<br /> given effect wlthout the conflictin�provision.To thls end the provisions of this Security Inswment and the Note are declared `
<br /> � to be severable. �
<br /> ' 16.Borrower's Copy.Boaower shall be given one wnfotmed copy of the Note and of tvis Security lasttument. ,
<br /> � . Form 3028 9t90 � • •
<br /> . .. . ��-BRlNE1�es�a�,o� va9e eei e wudr,�..Lt., . . • :
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