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<br /> � payment�m:sy:►o longer be requireci.at the option uf L.ender. if mortgage in�urance cu��erage+in the amount and ti�r the perial � .`� ' •° � ` '��
<br /> that Lender reyuire�) pravided by an insurer appruved b}• Lender again becomc.�.a��ailable and i,obtained. Burruwer shall pay •
<br /> sthe premium.reyuired to maintain mortgage in+urance in e:fect,or to provide a lo++reser��e.until the reyuirement for mnrtgage ` _
<br />`��� in�ursu�re rnd�in accordance with an} w�ritten agreement between Borrow'er and Lender or applicabte lau�. + y
<br /> � i 9. Inspection. Lender or its agent rrtay make reasonable entries upon:u�d in+pection,uf the Pmpert}•. L.ender sh:ill give , ,u_ ,
<br /> , BorroNer notice at the time of or prior to an inspec:tion spe�:ifying reasonable�ause for the in�pection. `
<br /> ' 10. Condemnation. The proceecis c�f any award or cl3im for dxmegc�. dircti:t ur runseyucntial. in cannection with any L
<br /> rondemnation or other taking of any part��f the Property. or for com•eyanre in lieu of condcmnation, are hereby a>.igned and _^ �r_ _ _ _y_ _ -
<br /> �hall be paid to Lender. � ' •�•�
<br /> {n the event of a total taking of the Property.the proceecis shall be applied to the,um,secured by thi�Sec:urity Instrument, , .
<br /> whether or not then due. with�y excess paid to Borrower. In the event of a partial taking oi the Property in which the fair . ,: ,,;`�,.=.:..Y
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums secureci by this . . . _.... . ,�.i wY i;..¢
<br /> Security Instrum.nt immediately before the taking,ualess Borrower and Lender otherwise agree in writing.the sums secured by -- ��
<br /> '� this Security Inswment shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total _� 'r _-'�'--
<br /> amount of the sums sc�r:ured immediately before the taking, divided by Ibl the fair market value of the Property immediateiy :t ' '_�,,,�,F =
<br /> befare the taking. Any balance shall be paid to Borrower. In the e�ent 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 . �K�
<br /> - ��• '-,,
<br /> taking, unless Borrower artd Lender otherwise agree in writing or un less a p p l i c a b l e l aw othenvise provides,the proceeds shall „ , ,,�,..,�,r�:.,: �.,
<br /> ,r'.•:c�„�'�°=�•�."G
<br /> be applied to the sums secured b�•this Security Instrument whether or not the sums are then due. x r�'*�_�
<br /> If the Properry is abandoned by Borrower.or if.aFer notice by Lender to Borrower that the condemnor offen to make an : ,'�F:`1 .—_
<br /> award or settte a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given. �=
<br /> ;�. �(-ti- •-�
<br /> Lender is authorized to collect and apply the proceeds,at iu option,either to restoration or repair of the Property or to the sums , .,
<br /> � secured by this Security Instrument,whether or not then due. �l��ion of roceeds to principal shall not extend or �'�= -
<br /> Unless L.ender and Borrower othenvise agree in writing. any app P ��` .�..�. --
<br /> postpone the due date of the monthly paymenu referred to in paragraphs l and 2 or change the amount of sach payments. �"f{'""�`'"
<br /> 11.Borrower Not Released;Forbearance By Lender Noi a Waiver.Extension of the time for payment or modifiration :: ' �„,: ,,;r��; :f_
<br /> of amortization of the sums secured by this Security Instrumen[granted by Lender to any successor in interest of Borrower shaU � :� � �y�•-•
<br /> ` not operate to release the liabifity of the orisinal Borrower or Borrower's successors in intere.ct. L,ender shall not be required to ' �°'`•� � f � � `
<br /> ' commence proccedings against any successor in interest or refuse to extend time for paymen[or otherwise modify amodization �.;1,_- ; � .,-;.
<br /> :;a ., �
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's _ _ ;•,
<br /> .' successots 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 /> 1Z. Successors and Assigns Bouad; Joint and Several Liability; Co-signers. The covenants and agreements of this •;e�"�1� '% _�,
<br /> Security Iactrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of '��;f . �-
<br /> _ paragraph 17. Borrower'� covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage, grant and convey that �� �� ;� �
<br /> .- _ - �:. .
<br /> Bonower's interest in the Property under the tertns of this Security Instrument:(b)is not personally obligated to pay the sums �4 f•;�-
<br /> secured by this Securiry Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify, forbear or � --°`_
<br /> make any accommadations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. �,?!�.�•
<br /> ' � " �--
<br /> ' 13.Loan Charges.If the toan 5ecured by this Security Instrument is subject to a law which sets maximum loan charges. "1�_::�.+�:__
<br /> and that law is finally interpreted so that the interest or other loan charges collected ar to be collected in a�nnertion with the : � •. .• ,• � -
<br /> loan exceed the permitted limits. then: (a)ar�y 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 Borrower w hic h exc e e d e d permi t t e d l i m i t s w i ll b e t ti f u n d e d to "'�__.: ���� -
<br /> • Bottower. Lender may choose to m a ke t his re fund by reducin g the principal owed under the Note or by making a direct ��__._ � _ _ _.___
<br /> � payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment withaut any _ �� -- _:__
<br /> • prepayment charge under the Note. Y.�� • _--
<br /> ' 14.Notices.Any notice to Borrower pravided for in this Security Instrument shall be given by delivering it or by mailing __ _ _ _
<br /> it by first class mail unless applicable law requires use of another methnd.The notice shall be directed ro the Property Address , ' � �}
<br /> � or any other addsess Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to : �
<br /> � L.ender's address stated herein or any ather addre�s Lender designateti by notice to Borrower. Any notice provided for in this .. �
<br /> . Security Instrument shall bc deemed to have been given to Borrower or Lcnder when given as provided in this paragraph. y �;--•YY4••�
<br /> b��.`�•`.••_
<br /> 15.Covemin� Lativ; Severability. Thiti Sccurity Instrument shall be govemed by federal law and the law of thc �. i: . .
<br /> jurisdiction in which the Property is located. In the event•�hat any provision or clause of this Security Instrument or the Note '': ' . .
<br /> � conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be -��:--��,�.�,::�•�. �.-
<br /> � given e:fect without the conflicting provision.To thiti end the provisions of this Security Instrument and the Note are declazed � :..�,.��, ��
<br /> �• ta be severable. � ,�•�`. . '�� �`
<br />� 16.Borro�ver's Copy.Bonower shall be given ane conformed copy of the Note and of this Security Instrument. . 'v��;.. .
<br /> Form 3028 9190 '
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