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<br /> payments may no longer be required.at the�ption of Lender, if mortgage insurance coverage t in the amount and for the period � `. ;-_
<br /> that Lender requires)provided by an insurer approved by Ixnder again becomes avai{able and is obtained. Born�wer shall pay
<br /> the premiums required to maintain martgage insurance in effect.or to provide a loss reserve.until the reyuirement for mortgage , .; �,
<br /> insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. � .. ' �"�"
<br />., 9. Inspection. L.ender or iis agent may make reasonable entries upon and inspzctions of the Propeny. Lxnder shall give -� ' ,.
<br />'=�` Borrower notice at the time of or prior ta an inspection speci€ying reasonable cause for the in+pe�Kiun. - -._- —_- --__`= _-
<br /> 10. Condemnation. The proceeds of any award or claim for damages. direct or con�equential, in cunner[iun with any . �
<br /> condemnation or other taking of any part of the Property.or for conveyance in lieu uf condemnation, are hereby auigned and - �. . . �� .
<br /> shall be paid to Lender. �� ' �� ':`:=-,�.-
<br /> In the e�•ent of a toial[aking of the Properry.the proceeds shall be applied to the sums secured by this Se�vrity Instrument. �r-- �= . ��=a=
<br /> whether or not then due. with any excess paid to Borrower. In the event of a pazcial taking of the Property in which the fair �•-w����
<br /> ...''��F�.
<br /> market valae of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this !•L�.•-�� _ _ _ _
<br /> Security Instrument immediately before the taking. unless Bnrrower and C.ender otherwise agree in writing,the sums secured by _ __
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: la) the total M .�- _ _ ._
<br /> ' amount of the sums secured immediately before the taking, divided by (b)the fair market value of the Property immediately `' = �,�5��.
<br /> `l� _,__
<br /> � before the taking. Any balance shal! be paid to Borrower. In the event of a partial taking of the Property in which the fair --T--_.4
<br />. ' market value of the Propetty immediately before the taking is less than the amount of the sums secured inunediately befon 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 surtu aze then due. �.��;s'�;"
<br /> _. If the Property is abandoned by Borrower,or if,after notice by l.ender to Borrower that the condemnor offers to make an __ _ ..�
<br /> `�';�:'°�r°_
<br /> • award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date [he notice is given. ---
<br /> L.ender is authorize�i to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums ?.,'�```''`` �.- �`�
<br /> "_;'� --
<br /> secured by this Security Instrumen�whether or not then due. ..,�.
<br /> " ' Unless Lender and Borrower otherwise agree in writing. any application of procecds to principal shall not extend or ;�;--�� ^ _�_;'-��.
<br /> . �.;. -�.
<br /> postpone[he due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of such payments. :: y i:r; __
<br /> 11.Borrower Alot Released;Forbearance By Lender Not a Waiver.Extension of the time for payment or modification _,�� � �i �' � ,
<br /> of amortization of the sums secured by this Security Instrumcnt granted by Lender to any surcessor in interest of Borrower shall y _ "���' �
<br /> 4 � � �{�
<br /> � nat operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to ',� :��;':� �
<br /> .. t.:^. F_--
<br /> � eommence praceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortiTation �...
<br /> � of the sums secured by this Security Instrument by reason of any demand made by the origina) Borrower or Bortower's '� ;;? . �.:._..
<br /> ' successors in interest. Any forbearance by C.ender in exercising any right or remedy shall not be a waiver of or preclude the � � '� ' '_�-'
<br /> as�� � :`E�i��
<br /> , exercise of any right or remedy. ..r�:�:. ' '��' � • �
<br />, . 12. Succ�sors and Assigns Bound; Joint and 3evera! Liability; Co-s3gners. The covenants and agreemenu of this �. � _�
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender rmd Borrower. subject to the provisions of ::'�1t,1;•:-�::;�.
<br /> paragraph 17. Borrower's covenanu and agreemenis shall be joint and several. Any Bortower who co-signs t his Security � .�;:__ _:--
<br /> ' Insuument but does not execute the Note: (a)ic co-signing this Security Instrument only to mortgage, grant and wnvey that �' �����,;,.�_
<br /> Borrower's interest in the Praperty under the terms of this Security Instrument:(b)is not personal{y 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 _� ":: • �•�—
<br /> ,� •� _.;:,_-:,��.
<br /> make any accommodations with regard to tfie terms of this Security Instrument or the Note without that Boaower's canseni. ���•`��•`� _--
<br /> �.� 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges. I'�. --_
<br /> ; i and that law is finally interpreted so that the interest or other loan charges collected or to be coll�in eonnection with the � _ �_'
<br /> • � loan exceed the pertnitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge - ;�i_ _ __
<br /> ' to the permitted limit:and(b)anY sums already collected from Borrower which exceeded permitted limits will be refunded to �"!r� '�"1�='
<br /> � .� �._.-�--- -_=
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct i...
<br /> �; payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any � . __
<br /> � � prepayment charge under the Note. �' � ". ____
<br /> 14.Nlotices.Any notice to Borrower provided for in thi�Security Instrument shall be given 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 Address �..�3"�"''
<br /> • or any other address Borrower designares by notice to Lender. Any notice to L.ender shall be given by first class mail to � ��•..*�.-• • �_
<br /> Lender's address stated herein or any other address Lender designates by notice tu Borrower. Any notice provided for in this '�`�'� - •: -�
<br /> •�;��!'�e"N•"" i
<br /> Security lnstrument shall bc deemed to have been given to Borrower or Lender when given as provided in this paragraph. �. , ,
<br /> ' " 15.Governing Law: Severability. This Security Instrument shall be govemed by fcderal law �nd the law af the �•.�;���i.;�� •:,
<br /> � �' jurisdiction in which the Property is located. In the event that any provision or clause of this Security [nstrument or the Note � ` . '� .
<br /> • conflicts with applicable law,such conflict ahall not affect other provisions of this Security Instrument ar the Note which ran be �=�••���•;:
<br /> iven effect without the conflictin rovision.To this end the rovisions of thi�Securit Instmment and the Note are declared ''•����""""'`'"�" ��
<br /> g S P P Y . :'� ;;-- . .
<br /> . ta be severable. • � . __
<br /> 16.Borro�ver's Copy.Bonower shall be given one confutmed copy of the Note xnd of this Security Instrument. � —
<br /> , Form 3028 9190 . • - -
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