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<br /> —- ' _ • � , • .. � . _ . . _ . � . ' . ' • � ' _ , �-' .. ' ` , '—
<br /> �'�'__—__ .�..._-I�_ ' . ..�_—..�•..�___.�.�"�_,—_���.�—..._—__J._,�_.. � __." _ ' . . �`.._•' . . ..._.`.. �._ .. . ...._.___....._.i.... ` � t� ' • `� `.ft =
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<br /> payment�may nu longe�be n:yuireti.ac the upnun uf[.�nder. if mungage in.ursnrr cu<<r�Fe�in thr unuunt and ti�r che periud � ' y ,..� � ��
<br /> that L.ender reyuirt�f pmvidt�i by an insurrr appru�ctii bq Lxnder s�,a�n h��umr�a�ailaMe:�nd i�ubtained. Burn�w•er�nail pay�
<br /> .� the premium,n;yuirai to maintuin nwrtgage in+uranre in effc�ct.��r t��pr�n►de a lu.�rc>enr. un�il the rcyuinmrnt fur murtga�e y
<br /> in�urance enJs�n accordance uith:ui} «ntten agrcemrnt brntieen Borre�arr and L.endcr ur appficabk!aa• � , .
<br /> 9. IaSpectton. Lendet or it.agent may m�kr rea�onahle entri�h upun and �mp�rtwnti c�C thr Proprrty. Lender�hall give . ,
<br /> Born�w�er nuti�e st the ti►ne of ur priar t��an in,pection tiperifying rc.:i,unable rau,c fur the inapertiun. ' -
<br /> 10. Cundemnation. Thc procex.�l.of:uiy a«ard ur ctaim for ci:uiwgc�. d�rect ezr um,eyaenl►sl. in runncYtiun with any ______�:____ .�
<br /> condemnation ur other taking��f any part of thc Pnspeny, or for runveyanre in lieu ul'wn�iemnatiun.are hereb}•a.+��gneJ:uid 6
<br /> shall be paid to Lender. � . � ._ .,_ _
<br /> In the event a[a toial taking of the Property.the proceeds shall hc•appliesi lo the�um5�erured by this Serurity instrument. '- :.,,4' .� ` � �'
<br /> whether or nut then due, tvith any excess paid ta BarroH+er. In the event af a partial t:skinL= of the Pmpeny in which the fair _T._,�.,�r.-_--__,`�._..,___
<br /> . y4
<br />. .I _'�34��
<br /> market value of the Property immediately before the taking is eyual to�>r greater than the amount i�f the aums securcxi by this _
<br /> "' f Serurity Instrument immediately before the taking.unless Barrawer and Lxnder otherwise agree in writing.the sums secured by �.�'� _ � _
<br /> ;-`�"�":_:- :
<br /> � ' this Securiry Instrumen t shall be reduced b y the amount of the procecxis multiplied by the f��llowing fraction: la) the [otal �_
<br /> ' amount uf the sums secured immediately before the taking, divided by Ib)the fair market value of the Property immediately �,
<br /> before the taking. Any Nalance shall be paid to Borrower. [n the event of a partial taking of the Property in which the fair . 4.Y�_�
<br /> ...''� market value of the Property immediately before the taking is less tfian the amount of the sums+ecured immediately before the � �f.�:�---�
<br /> '�.'i. taking, unless Borrower and Lender otherwise agree in writing or unless applicab!e law otherwise provides,the proceeds shall �.,•�=,_
<br /> ; be applied to the sums secured by this Securicy Instrument whether or not the sum,are then due. � - --- _
<br /> � '� If the Propeny is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers ta make an . . -�.y� ' _
<br /> ;-�,'�
<br /> � award or settle a claim for damages, Horrower fails to respond ta i.ender within 30 days after the date the nocice is given, ___ _ sP:�••,,
<br /> •! �-f Lender is authorized to collect and apply the proceeds,at its option, either to restoration ur repair of the Property or to the sums . ,
<br /> secured by this Security Instrument,whether or not then due. J^..�
<br /> �r,�,-
<br /> • Unless Lender and Borrower otherwise agree in writing. any application of proceecis to principal shall not extend or -:r�'t=. ��,,; _
<br /> ,;S postpone the due date of the monthly paymencs referred to in paragraphs l and 2 or change the amount of such payments. .
<br /> ��' ' ...���:...
<br /> - 11. Borrower Not Release�l;Forbearance By Lender Not a Waiver. Exten�ion of che time for payment or modification - .,,
<br /> of amortization of the sums secured by this Security[nslrument granteti by Lender to any successor in interest of Borrower shall i.':��
<br /> �� not operate to release the liability of the original eortower or Borcower'+�uccessors in interest. L.ender shall not be required to � _
<br /> ' • � commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization ��
<br /> of the sums secured by this Security Instrument by reasan of any demand made by the original Borrower or Borrower's �. ;
<br /> � saccessors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the �,,. . ..�; ;
<br /> � exercise of any right or remedy. . ,
<br /> 12. Successors and Assigns Bound;Joint and Several Liability; Co-slgneis.The covenants and agreements of this ,�;t., :�,t�j.:`_�� `
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of ,` ..,.� ;,,�::.
<br /> paragraph 17. Borrower's covenancs and agreements shall be joint and several. Any Barrower who co-signs this Seeurity 'r.�+�� ,,. . _
<br /> ' Instrument but does not execute the Note: (a) is co-signing this Security lnstrument only to mongage, grant and convey that �i,���i,r�'
<br /> • Borrower's interest in the Property under the terms of this Security Instrument:(b) is not penonaily obligated to pay the sums �`�
<br /> secured by this Security Instrumens: and(c)agree�that Lender and any other Borrower may agree to extend,modify,forbear or ����._
<br /> make any accommodations with regard to the terms of this Security(nstrument ar the Note without that Borrower's consent. .,.�.:��
<br /> 13. Loan Charges.If the loan secured by this Security Instrument is subjecc to a law which sets maximum laan cbarges. � �n, y�.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or ta be collected in connection with the �: �,�.:��--�_�
<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 Borcower which exceaded permitted limits will be refunded to �-".�_;._- _�".".
<br /> • s;, Borrower. I.ender may chouse to make this refund by reducing t he principa l ow e d u n d e r t h.. N o t e o r b y m a k i n g a d i r e ce _ -- �� - �_
<br /> payment to Borrower. If a refund reduces principal, the reduction wiU be treated as a partial prepayment without any
<br /> ��= .1._,..,.s��.-
<br /> prepayment charge under thc Note. i��
<br /> 14.Notices.Any notice to Barrower provided for in this Security Instrument shall be given by delivering it or by mailing ���' _
<br /> �-�....��.
<br /> ' it by first class mail untess applicable law requires use of another method.The notice shall be directed to the Property Address �-,;_,.,,.:.` _
<br /> --_ or any �ther address Borrower designates by notice to Lender. Any notice ta Lender shall be given by first class mail to �,�� ..,_ _�
<br /> I ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice prnvided for in this ���� -
<br /> �—.�.._.:,_______
<br /> Security lnstrument shall be deemed to have been given Yo Borrower or L.ender when�iven as provided in this paragraph. ,�=l,-a�.f��,_
<br /> 15.Governin� daw; SeverablUty. This Security Instrument shall bc governed by federal law and the law of the ' �f•� ,.,.�
<br /> • � jurisdiction in which the Property is located. In the event that any provision or clause of this Security lnstrument or the Note :� -�:,;�._
<br /> conflicts with applicable law,such wnflict shall not affect other provisions of this Security Instrument or the Note wl�ich can be ..'i:+x' :' _
<br /> given effect without the conflicting provision. To this end the provisiom of thi�Security lnstrument and the Note are declared _ � .. •,- ,�
<br /> � :':'r..::�
<br /> ,�� i to be severable. • - -����=° -
<br />' ' 16.Borrower's Copy.Bnrrower shall be given one conformeci copy of the Note and of this Security Instrument.
<br /> . j Form 3028 9180 _
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