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<br /> pa}•ments tnay no lunger be reyairul.at th�optian uf L.cndcr, if mortgage in.urance roversge�in the amount and for the period ' � ` �
<br /> �..-_._..
<br />� that Lender req�ciretil pra�•ided by an in�urer appraved by 1xr,der ag:un become+available and i+obtained. Bormwer.hall pay . -
<br /> thc premiutn+reyuired u�maintain mortgage intirtrance in effect,or tu prervide a te�,r��en•e,until the reyuirement for mortgage . . ,
<br /> in.surance ends in•rcrnrd:uice with sny written agreement between Bocrower:►nd Lxnder ur applicable law. : � � , ..��
<br /> 4. Inspectfon. Lender or it�agent may rnake rea.tionxble entric+upon:uid inspections of the Property. l.endes tihall give �. , � -�:
<br /> Born�wer notire at the time of or prior to an inspection.rperifying rra�onable cause fnr the inspection. ; , .
<br />-- 10. Condemnation. 1'he proceeds of any awani or claim for dumageti.dirert ar �un.equentiel, in cunnection with any . � , `,�
<br /> V� cvndemnation or other taking of any part of the Propeny.or for cum•eyance in lieu of condemnauon, :ue hereby �signed and _ _`:, ._ _:,
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<br /> In the event of a total taking uf the PropeRy.the proceed,shall be applied to the�ums�ecured hy thi�Security Instrument. `
<br /> � whether ar not then due. with any excess paid to Bnrrower. In the event of a partial taking of the Property in which the fair � �, �_
<br /> .�;..,_. .,.-�;... ,_:.. . •:
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<br /> � market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this - � � �_
<br /> Security Instrument immediately before the taking,unless Born�wer and Lender othernise agree in writing,the suttts securea by `�+�_r�.L„,
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total • `.�'"_.___ _
<br /> • amount of the sums serured immediately before the taking, divided by (b)the fair market value of che Property immediately � °��":===-"�'-'����-
<br /> before the taking. Any balance shall be paid to Barrower. In the event of a partial taking of the Property in which the fair ` ��'� � "��.-
<br /> market value of the Properey immediately before the taking is less than the amount of the sums secured immediately before the . `a��;�,---•
<br /> taking, unless Borrower and Lender otherwise a ree in writi or unless a licable law otherwise mvides,the roceeds shall . °���-
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<br /> be applied to the sums secured by this Security Instntment whether or not the sums are then due. � • ��'=�
<br /> . If the Property is abandoned by Borrower,or if,a�er notice by Lender to Bonower that the condemnor offers to make an ' �-`'""°""°_.__
<br /> �• .r��-��--T-r.�E,_
<br /> awazd or settle a claim for damages. Borrower rails to respond to Lender within 30 days after the date the notice is given, � = '�°��'r. ,�,,.- .�
<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. _.�-. ° �°��
<br /> ,_;, U n l e s s L e n d e r an d B o r r o w e r o t h e r w i s e a g r e e i n w ri t i n g, an y a�p l i c a t i o n o f p r o c e e d s t o p ri n c i p a l s h a ll not extend or ����� ,
<br />- 'i postpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of such paymenu. � ,„-.� �
<br /> I1.Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment or madificauon � - � �
<br /> - of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest af Borrower shall ' {'" �'+�'
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to ��`,� �- -P-_
<br />' commence proceedings against any successor in interest or refuse to extend time for payment or othenvise modify amortization '�� "�� �• �
<br /> , �����.:••. --
<br /> of the sums secured by this Securiry Instrument by reason of any demand made by the original Bocrower or Borrowei s , `-
<br /> successors in interest. An forbearance b Lender in exercisin a� ri t or remed shall not be a waiver of or reclude the _ . ,_ � '� �•`
<br /> Y Y S Y €t► Y - P ,!: ;_
<br /> �, exercise of any right or remesiy. ��'� S:
<br /> .� 12. Successors and Acsigns Bound;Joint tutd Several Liabllity; Co-si�ers. The cavenants and agreements of this '
<br /> t Security lnstrument shall bind and b,.nefit the successors and assigns of Lender and Borrower. +ubject to the provisions of � �.i� ,
<br /> �' paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who ccrsigns this Security �3.
<br /> on a e rant and conve that • '�i'��'` �
<br /> j Instrument but do�s not execute the Note: (a) is casigning this Security Instrument only to m g g . g y . Zf._ .
<br /> �� Borrower's interest in the Property under the terms of this Security Instcument; (b)is not personally abligated to pay the sums _:{��.• ,«�'��
<br /> ° �• secured by this Seruriry Insirument:and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or '' :�
<br /> make any accommodations with regard ta the terms of this Security Instrument or the Note without that Borrower's consent. -
<br /> • ' 13.Loan Char�s. If the loan secured by this Security Instrument is subject to a law which seu maximum loan charges. � '"""`
<br /> �_.1 �•/�,'., .f
<br /> and that law is finally interpreted so tD�at the interest or other loan chazges collected or to be cflllected in connection with the _ _
<br /> ��r loan exceed the permitted limits, then: (a)any such loan eharge shall be reduced by the amount necessary to reduce the charge ��--� .;:
<br /> to the perntitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will 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 :�,,,`�� � - -
<br /> ;y payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any ;�——<
<br /> � . 4 prepayment charge under the Note. '� '�"
<br /> .� 14.Notice5.Any notice to Borrower provided for in this Security Instrument shall he eiven by delivering it or by mailing =:_ __ � f
<br />. , it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address � -'•^'�;;;,•:��,
<br /> �. � or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> , Lender's address stated herein or any othcr addresti Lender designates by notice ta Borrower. Any notice provided for in this , �,.F, �'
<br /> � Security Instrumenz shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. `' � " `=�-
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<br /> . � I5.Coverning Law; Severability. This Security Instrument shall be govemed by federal law and the law of the � .: _ :� . ��_
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note � ; �'"
<br /> conflicts with applicable law,such wnflict shall not affect other provisions of this Security Instrument or t he Note w hic h can be �����ro ��
<br /> -a=�?v��s�3,�;-. -_
<br /> iven effect without the conflictin rovision. To this end the rovisions of this Securit instrument and the Note are declared • '-'�"""""'""":'°"'���
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<br /> to be severable. '�! "'j
<br /> 16.Borro�ver's Copy.Borrower shall be given one conformed capy of the Note and of thi�Security Instrument. `�.i����',+°' __
<br /> Form 3028 9/SO . .. ,::,.:r;.-,.�. �
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