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<br /> , payment�may no longer br rryuired.dt the option of Lcndcr, iC mureFage snsur.�nce rnvcragc�in thr am��unt and Fur the pe�i�x1 � . _ _ __y_ .
<br /> that I.ender require�!pro�ided by an insurer approved by L.cnder again hecumc�a�aQablr and �.ohtained. Barrower�hall pay ,
<br /> " � the premiucns myuired tn maintain martga�e insurance in effect,or to providr a lu.�rc�.cn•r, unt�l thr reyu�rement li�r mortgage , � _
<br /> insurance ends in accordance with any written agreement between BorruN•er;uid I.ender ur appliwblc law. , , .
<br /> " 9. Inspection. Lender or its agent may meke rrasonable entries upon and ia+peruon.oF thr Pruperty. L.ender,haU give ,
<br />�r� Borrower notice at the time c�f or prior to an inspectiun�pe�:ifying reasonabfe rauu Cor the�n,pectiun. ' • ��
<br />�� ,.3 la. CondemnatIon. The proceeds of any a�vard or claim for damage+. direct ur cur�ieyuential. m ronne�tion with any �: � -,-' --'`T '° "�
<br /> ' condemnation or other taking of any pan of the Property,or for r�mveyanre in lieu ot�rundemnation. are hereby s+signed and .
<br /> ' shall be paid to Lender. '. • .�
<br /> � In thc event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Instrument. • . —
<br /> whether or not then due. with any excess paid to Borrawer. 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 equal to or greater than the amount of the sums secamd by this • � -
<br /> � Seceirity Instrument immediately before the taking,unless Bonower and I.ender otherwise agree in writing,the sums secured by . .'"�`''`�"_
<br /> �5 this Security Instrument shall be reduced by the amount of the procceds multiplied by the following fraction: (a) the total ,�»,'�-
<br /> amount of the sums Secured immediately before the taking, divided by (b) the fair market value of the Properry immediately '.�'�_s_-<�=�
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<br /> � before the taking. Any balance shall be paid to Borrower. !n the event of a partial taking of the Property in which the fair � �•w---�
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<br /> � market value of the Property immediately befare the taking is less than the amount of the sums secured immediately before the , . -_-�
<br /> , taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall �� ��-;
<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 Borrower,or if,after notice by Lender to Borrower that the condemnor offers to make an �,��=w-
<br />%�^�-� - - -�---
<br /> award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given. �-�r.�-�*�T"
<br /> :;; Lender is authorized to cotlect and apply the proc.eeds,at its option,either to restoration or repair of the Property or to the surtu �.�.;
<br /> secured by this Security Instrument,whether or nat then due. ,
<br /> �• Unless Lender and Borrower otherwise a ree in writin , any applica[ion of rocceds to rinci al shall not extend or `�"'{��
<br /> g g P P P . a�: , :
<br /> ..� postpone che due clate of the monthly paymenu refetred to in paragraphs 1 and 2 or change the amount of such payments. , � `�
<br /> 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or modification =•� �-.._�
<br />� ' af amortization of the sunu secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall ••' �"�' ''f-`'•!: •��
<br /> nat operute to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be requir e d to • "'��`'' ' � .
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti7ation y�
<br /> of the sums secure.d by this Security Instrument by reason of any demand made by the original Borrower or Borrower's - r�;''"'.-� �,
<br /> . successors in interest. Any farbearance by Lender in exercisins any right or remedy shall not be a waiver of or preclude the � µ �,�^
<br /> exercise of any right or remedy. �•3 -� '
<br /> 1Z. Succe.csois and Asstgns Baund: Joint and Several Liability: Co-signers. The covenants and agreements of this ;�� ��.�
<br /> Security Instrument shall bind and benetit the succe5xon and as,igns of Lender and Bonawer, subject to the provisions o[ °=`�• L�'�
<br /> ' paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrawer who co-signs this Security - �� [ _�
<br /> . Instrument but dnes not execute the Note: (a) is c�rsigning thi,Security Instniment only to martgage, grsnt and convey that ��•
<br /> :��:--
<br /> Borrower's intcrest in the Property under the terms of thi,Security Instroment:1b)is not personally obligateJ to pay the sums =��•. - -
<br />�� secured by this Securiry Instrument;and(c)agrces that Lender and any other Borrower may agree[o extcn d, mo di fy,fur bear or _ ��°.
<br /> make any acwmmadations with regard to the terms of this Securiry Instrument or the Note without that Borrowcr's wnsent. -___-__ � --
<br /> 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> - and that law is finaUy interpreted so that the interest or other loan charges coilected or to be coUected in connection with the .""°'�" "`�`��'--"--
<br /> loan exceed the permitted limits,then: (a)any such loan charge shali be reduced by the amount necessary to reduce the charge �� �- ����'� �
<br /> :, to the pernutted limir and (b)any sum.�already collected from Borrower which exceeded permitted limits will be refunded to _ -- �.���.���
<br /> Bonower. Lender may choose to make this refund by reducing the principal owed under the Note ar by making a direct I ="� ��� ��
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a panial prepayment witf�out any .::�
<br /> prepayment charge under the Note. . -- --R`
<br /> � 14.NotEces.Any notice to Bonower provided for in this Security Instroment shall be given by delivering it or by mailing '"-�-'*�`� —�-
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<br /> it by first class mail unless applicable law requires use of anather method. The notice shall 6e directed to the Propeny Address _' -.�'°'�=.
<br /> or any other address Borrower designates by notice to I,ender. Any notice to l.ender shall be�iven by first class mail to ���-- �'`
<br /> 1�t7�r.a'7��if4'�—
<br /> . Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this - � --
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<br /> Security Instrument shall be deemed to have bcen given to Borrower ar Lender�vhen given as pr�vided in this paragraph. �_'��,r T:.::'
<br /> 15.Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the ��+�►- �--�, .�.. �' -
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<br /> jurisdiction in which the Propeny is located. in the event that any provision or clause of this Security Instrument or the Note �"'"'�'""`'''• `
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<br /> conflicts with applicable law,such canflict shall not affect other provisions of this Security Instrument or the Note which can be •�__.>_,..,_a�: �'
<br /> • 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 /> 16.Borrower's Copy.Borrower shall be given one confarmed copy of the Note and of'this 5ecurity Instrument. : � -_. . __
<br /> Form 3028 9190
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