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<br /> �]�, 1�1°?°g� . . � . .�.`:: 'r.::�
<br /> ' paymenti may no longer be nquired,at the option of I.ender, if mortgage insurance coveraee!in th��nount and for the penod , .` . . �'��'"`
<br /> -�` that Lender requires)pmvided!�y an insurer approved by Lender again becomes avaitable and is ubtained. Borrower shall pay � � " _��-
<br /> , the premiums reguired to main[ain mortgage insurance in effect.or to pmvide a lotis reserve, until the requirement for mortgage . ' . �_
<br /> ` insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. ` , • • . _,
<br /> 9. ins[►ection. Lender or iu agent may make reasonable entriec upon and inspections of the Pmperty. Lender shall give � � � � -
<br /> • Borrower notice at the time af or prior to an inspection specifying reasonable cause for the inspection. : -
<br /> 10. CandemnatEon. The proceeds of any award or claim f�r damages, direct or consequential, in connection with any • , , -
<br /> condemnation or other taking of any part of the Prop�.rty,or for rnnveyance in lieu of c.ondemnation, are hereby atisigned and . , .
<br /> shall be paid to Lender. _ _ _ ` _-_
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Icestrument. �` `
<br /> ` � whether or not then due, with any excess paid to Borrower. In the event of a partial caking of the Property in which the fair ' � , , '�'•'
<br /> mazket value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this ' ' ' �
<br /> Securi[y Instrument immediately before the taking,unless Banower and l.ender otherwise agree in wn_dng, the sunu secured by ' __ � _=r� �
<br /> this Securiry Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (n) the total . - �` '�_"^v`' �� ' -
<br /> amount of the sums secured immediately before the taking, divided by (b)the fair market value of the Propeny immediately � •. � •` �'
<br /> . ':;:._�,r�,._.;
<br /> before the taking. Any balance shall be paid to Borrower. in the event of a partial taking of the Property in which the fair •� 'i:-m.:_�_-_
<br /> . market value of the Property immediatety before the taking is less than the amount of the sums secured immediately before the .'`` `��''`'��°=
<br /> taking, unless Borrower and Lender othenvis�agree in writing or unlesy applicable law atherwise provides,the proceeds shall .--__�.__--
<br /> �:�,.,--{,-_
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due. ;., ;,.,��
<br /> If the PropertY is abandoned by Borrow�er,or if,after natice by Lender to Borrower that the condemnor offers to make an �:.'�;,-=;;; � �'��
<br />.. award or settle a claim far damages,Borrouer fails to respond to Lender within 30 days after the date the notice is given. ��'�`' ` '�
<br /> �.:�:,
<br /> Lender is authorized to collect and apply the proceeds.at its opuon,either ro restoration or repair of the Property or to the sums �'F�'`;� '"���`-_--
<br /> secured hy this S�urity Instrument,whether or not then due. ;�..
<br /> � - Unless Lender and Borrower atherwise agree in writing, any application of proceeds to principal shal! not extend or _-*^�r�.�.•�-
<br /> pastpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> --�-��-�t���r�r:'.
<br /> - - I1. Borrower Nat Released;Forbearance By Len��r Not a Waiver.Extension of the time for payment or modificadon ...'1:,�!�
<br /> '�.-, :•
<br /> of amortization of the sums secured by this Security instrument granted by Lender to any successor in interest of Borrower shall �„�:t, • �-� �.
<br /> . nat o erate to release the liabilit of the ori inal Borrower or Borrower's successors in interest. Lender shall not be r uired to _ s �'�`f�'. � -
<br /> P Y g eq ' �;,:�. -
<br /> ,- commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti7ation
<br /> of the sums secured by this Securiry Instrument by reason of any demand made by the original Borrower or Bonower's ' � ,�'
<br /> r. �
<br /> � successors in interest. Any forbearance by [xn�er in exercising any right or remedy shall not be a waiver of or preclude the � � �';'�`
<br />�. exercise of any right or remedy. ��,��,
<br /> . �::;.�;•'�'�j,�:'�, ' '�
<br /> -._.,..'�� f .,�;��,.i�::
<br /> � 12. Suoce�ors and As�gns Bound; .�oint and Several Lia6ility; Co-signers. The covenanu and agreements of this ' -{;. • -
<br /> , Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of ';?•�'�; '
<br /> pa.�agraph 17. Sorrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security ;;��� •
<br />. L.srument but does not execL:e the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that _ V,r.=� -
<br /> Earrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated ta pay the sums '� �''
<br />• secured by this Security Instrumenr,and(c)a„�rees that L.ender and any other Borrower may agree to extend,modify,forb�r or . ��` ��-
<br /> � '! �l_..��':��..-
<br /> .:�".ti• make any accommodations with regard ta the terms of this Securiry Instrument or the Note without[hat Borrower's consent. �' ''�•7� '
<br /> � 13. Loan Charges.If ti�e loan secured by this Security Instrument is subject to a law which sets maximum loan charges. T�>;,:��"
<br /> --=' and thai law is finally inierp:eted so th�t the interest or othec loan charges collected or to be collected in connection with the ' ��as�:���.�;�;.:;_""--"�
<br /> `�� loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge `.��-�-� =`•'r`'�°��=yJ
<br /> �
<br /> �:;f to the peemitted�:mit:and (b)any sums already collected from Borrower which exceede�J permitted limits will 6e refunded to � """ �y?�
<br /> . z Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct _
<br /> `{ payment to Borrower. If a refund reduces principal, the reduction will be created as a partial prepayment without ar.3 ..,.
<br />. �
<br /> • F_�ayment charge under tC�e Note. . .
<br /> 14. PIotfces. Any notic=:�Borrower provided for i�,ihis Security Instrnment shall be given by delivering it or foy mailir.g ` ,. .'�' ,: .'�;
<br /> �� it by first class mail unless applicable law requires use of anothet method.The notice shall be directed to the Pr�operty Address -,-!° - _- _
<br /> '`:',s, or any other address Borrower designa:� by notice to l.ender. Any notice to Lender shall be given by first class mai! eQ ' A���-��---� �—
<br /> ,.,.... • r''�i,�. .�'
<br /> •�,•. Lender's address stated herein or any oz4er address (.cndcr designates by notice to Borrower. Any notice provided for in this . .. �r_:�,
<br />��- Security Instrument shall be C°emed to have been given to Borrower or Ixnder when given as provided in this paragraph. �•,. � .' •--
<br /> � 15.Governing Law; S:vera6iiity. This Sccurity lnstrument shall be governed by federal law and the law of the :,� ,.,���"
<br /> ... ,y..•._ .
<br /> jurisdicpon in which the Property is located. In the event that any provision or elause of this Security Instrument or the Note fi�fl*r!w:oi�wsis��,_� =-
<br /> , conflids with applicable law,such conflict shaU not affect other provis:o:s of this 5ecurity Instrument or the Note which can!-z �° •=��iy��•'��_
<br /> given effect without;he conflicting provision. To this end ihe provisions of this Secarity Instrument and the Note are decla;a; � t �,,,,� �;-�=�-—
<br />• ' to be severable. '. �"-�"�"----
<br /> `•'';,3�i-
<br /> +�...
<br /> • 16. Borrower's Copy. T�:rower shall be given an�conformed wpy of the Nc,:e znd of this Seeurity Instru,:�ent. :�_�-
<br /> ±.�u__��-
<br /> Form 3028 9/90 '?�='��'
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