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<br /> � �`T° Si����� � �� . � ` � �
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<br /> � paymenis rnay no lon�er be raquired.at the option of I.ender, if morcgage insurance coverage 1 in the amount an3 for the pedod ' • . �
<br /> �, that Lende� requires)provided by an insurer appmved by I.ender again becomes available and is obtaened. Borrower shall pay , �. , � `
<br /> • the premium�required to maintaim m�rtgage insurance in effect,or to provide a loss resene,until the requirement for mortgage : �� .
<br /> �� insurance ends in accordance with any written agreement between t3orrower and Lender or applicable lau. +�3. .
<br /> 9.Inspection. Lender or iu agent may malce reasonable entries upon and inspections of the Praperty. Lender shall give , _��
<br /> Borrower notice at the time of or prior to an inspectioa speciF}+ing reasonable cause for the inspection. _
<br />� � 10. Condemnation. The procceds of any award or claim ior damages, direct or consequential. in connection with any . . � ; '
<br /> con�emnation or other taking of any pan of the Property,or for conveyance in li�a of condemnation, are hereby a�.+igned and _ .A,.�
<br /> shall be paid to Lender. � ' ,.
<br /> [n the event of a total taking of[he Property.the proceeds shail be applied to the sums securzci by this Security Instrument. .
<br /> • whether or not then due.with any eacess paid to Horrower. In the event of a partial taking of the Propercy in which the fair , i':e f
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<br /> market�•alue of the Property immediately before the taicing is equal to or greater than the amount of the swns secured by this c< �,.
<br />" Security Instrument immediately before the taking,unless Borrower and Lender otherwise agree�n writing.the sums secured by ' _ '`-^���:-' ,-
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<br /> • this Security instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total ; �_T.�.__ _�_ _
<br /> amount of the sums secured immediately before the taking, divided by(b) the fair market value of the Property immediately _ 'Y 4�-:'-���
<br /> � before the taking. Any balance shall be paid to 8orrower. In the event of a partial taking of the Property in which the fair �.,;��,>���. --�
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the _
<br /> � taking,untess Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides.the proceeds shall ` "��
<br /> be a p plied to the sums secured by this Securiry I� tru*►ent wh��her or n��t the sums are then due. '' �r�,,'_;�
<br /> If the Property is abandoned by Borrower,or if,after reocu:e by[.c,�dc. to Bo, �wer that the condemnor o f fers to m a ke an , r r�. '�ti . .`:.; „_
<br /> award or settle a claim for damages. Bosrower fails to respond to Lender within 30 days after the date the noiice is given. : ������
<br /> Lender is authorized to cotlect and apply the proceeds.at its option,ei t her to res to r a t i o n o r r e p a i r o f t h e P r o p e r t y o r t o t h e s u m s �,a.; �.�
<br /> . • secured by this Security Instrument,whether or nnt then due. �- � -, -�
<br /> „ ,r Unless Lender and Borrower othecwise agcee in writing, any application of proceeds to principal shall not extend or `3y�1`
<br /> `' postpone the due date of the monthly payments referred to in paragraphs I and 2 or change�he amount of such paymenu. ----
<br /> 11. Borrower Not Released; Forbearance By l.ender Not a Waiver. Extension of the time for payment or modification � ��-,
<br /> �� • of amortization of tkte sums secured by this Security Instrument granted by Lender to any successor in intetest of Borrower shall ''F i
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to _, , :'�.•- �
<br /> commence proceedings against any successor in interest or refuse to extend time for pay�zrent or otherwise medify amortizauon •.. ;c. ;;:..
<br /> � of the sums secwed by this Security Instrument by reason of any demand made b} the original Horrower or Borrower's '''' �. • E_
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<br /> successars in interest. Any forhearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the .� :_
<br /> exercise af any right or remedy. ��� '� �
<br /> . • 12. Suoe�soss aud AsSigas Baund;Joint and Several Liability; Co-si�ers. The covenanu and agreements of this �' �
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<br /> - Secvrity Insttument shall bind and benefit the successors and assigns of I.ender and Borrower, subjecc to the provisions of �` l��•�- __
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<br /> para�raph 17. Borrower's covenanu and agreements shall be joint and several. Any Borrower who c:o-signs this Securiry 'n= �
<br /> t and conve that
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument on�_y to mortgage. gran Y � '"��.`� .�
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<br /> Borrower's interest in the Property under the terms of this Security Inswment; (b)is not personally obligated to�pay the sums �• '.� �,;;_;
<br />• secured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend,modify.forbear or
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<br /> make any accommodauons with regard to the terms of this Security Instmment or the Note without that Borrower's consent. _ _ _ .r .^, __
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<br /> •� 13. Loan Charges•If the loan secured by this Security Instrument is subject to a law which sets maaimum loan charges. ;..,�L_ _
<br />� .. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connecrion with the •--��•����_'-•��
<br /> � loan exceed the permitted limiu,then: (a)any such loan charge shall be n:duced by the amount necessary to reduce the charge �'m"�:_a?���U-�==�;
<br /> • to the�sermitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits wiU be refunded to =_ -- _
<br /> .. Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct " � -; .•=,�-Y
<br /> • payment to Borrawer. If a refund reduces principal, the reduction will be treate� as a partial prepayment without any - i,:�.�'�`�-M:�•--
<br /> � prepayment charge under the Note. .�
<br /> � 14. Nottces.Any notice to Borrower provided for in this Security Instrument shall be�iven by delivering it or by mailing ,�-- •-...:.-`
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Addmss �_._ � �
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<br /> or any other address B�nower desig�ates by notice to Lender. Any notice ta Lender shall be given by first class mail to ��,,,,;;.�a,�
<br /> , Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security tnstrument shall be deemed to have been given to BoROwer or Lender when given as provided in this par��h. _ � :_
<br />� . IS. Govesnin� Law; Severability. This Securit Instrument shaSl be ovem�t b federn! law and t[�e {aw of the ..�
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<br /> jurisdiction in w[2ich the Property is located. Ln the event that any proviscan or clause of this Securiry Instrument or the Na:e ..T+Q;�w. .••�
<br /> �� conflicts with applicable law,such conflict sh�11 not affect other provisions of this Security lnstrument or the Note which can be � i:�•_��:,:
<br /> ' l giden effect without the conflicting provision. To this end the provisions of this Security Instrnment and the No:e are declared � _ � __�
<br /> to�severable. ` ' I •?���'�'� _
<br /> � � 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument. , _,�,,
<br /> ' Furm 3028 9190 •`� . ,�.4--• -t-'r�'`���
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