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<br /> incnran��pYCt2 � ~ �'�
<br /> j payments may no longea be required,at d►e opuon af Lu►der.if mortgage ge(in the amount and for the od I , � ;',t
<br /> { ihat L¢nder reqnires)provided by an insurer approved by Lender again isecomes available and is obtained.Borrower shall pay the � • _
<br /> • p�em;u�ns required to maintain mortgage insurance in effeci.or to provide a loss r�erve, until the reguirement for mortgage . . _
<br /> �f insurance ends in aax:onlance with any wriuen agreement between Bomnwer and Lender 6r applicxble law. f . � . , ;°'� _
<br /> 9.Inspectton. Lender or its agent may make rcasonable enuies upon and iaspections of the Property.Lender shall give � • • ;. _-
<br /> Borrower norice at the time of or prior tn an inspection specifying reasonable cause for t�s inspection. f —
<br /> � 10.Conde�nation. The proce�ds of any award or claim for damages, direct ar consequenval.in connecdon with any j -'.- . , - - -_ _
<br /> condemnation or other talang of any part of the Property,or for conveyance in lieu of condemnation,are heceby assigaed and �,, , `• _ -,�_
<br /> ; shall be paid tv I.ender. G �. " ,
<br /> i In the event of a mtal takmg of the Property.the proceeds shall be applied w the sums secured by this Security Insor�ment, _ _ , _—
<br /> • whether or not then due,with any excess paid w Borrower.In the event of a partial faldn8 of the Property in which the fair market � . .
<br /> I. value of the Propeaty immediarely before the tal�►g is eqnal w or greater than the amount of the sums secured by this Secauity I ' • , , _
<br /> Inshume�t immediaicly before the taking, unless Bormwer and Lender otherwise agcee in writing, the sums seuued by this 4 - , .
<br /> � gec�uity Ins�unent shall be reduced by the amount of the proceeds multiplied by die following�on:(a)the tatal amoiu►t of . - . :,.
<br /> the sums secured immediarely before the taking, divided bY N)the fair market value of the Propeaty ia�mediately before the f ._�:.;.
<br /> taking.Any balance s�all be paid to Borrower.In the event of a partial taking�nf the Property in which the faa market value of the �� , ' f:?���` "''`
<br /> S� p
<br /> property immediately 6efore the tala�►g is less than the amount of the sums secured immediarcly befor�the taldng, uuless ? .:�.
<br /> Bomowea and Lender otheawise agree in wriUmg or unless applicable law otherwise provides,th�proceeds shall be applied to the ' , ,
<br /> sums secured by this Se�urity Instrument whather or aot ttee sums are then dae. � f.'�_ �. . • T
<br /> If ths property is abandoned by Borrower,oa if,after notice by Lender tn Borrow�that the condemnor offers ta make an i •.
<br /> award or seple a claim for damages,Boaower fails to nspond to Lender within 30 days after the datc the notice is given,Lender F •.
<br /> '•� is authorized tn collect and apply the piocee�s,at its opdon,either w restnraiion or repair of the Property or to the sums secared . - a"`�-.�
<br /> � �-_
<br /> ��.:�.�
<br /> ;�. by this S�ecauity Inswmeat,whether or not then dus.
<br /> .,.a��,;�.,.-�.
<br /> Unless I.ender and Boaowez otherwise agree in writinng,anY applicarion of praceeds w principal shall not extend or pos�tpone {� :
<br /> } the due date of ths montWy payments referred to u�parag�aPhs 1 and 2 or cbange the amount of such payments. . . � ���.�; '
<br /> 8�
<br /> 11.Borrower INot Released;Forbearance By Lender Not a�Vaiver. Eatension of the tirne for payment or modification '`° �� '� ` '
<br /> +
<br /> of amoitizarion of the sums secured by this Security Insuument grantsd by Lende�to any successor in interest of Borrower shall , . • ,, _-
<br /> tizari ' .
<br /> not operate to release t�e liability of the original BoTrower or Borrower's successois in interest.Lender shall not be reqnired to , y �, �`. �• '�
<br /> �ommence proceedings agadnst any successor in intraest or refuse w extend dme for payment ar otheawise modify amorti�aflon of � �� � -
<br /> �"*`�'�:; ' :
<br /> the sums secanred by this Security Instrument by reason of any demand made by ihe original Borrower or Borrower's successors �-� - - • ° � : �
<br /> in mterest.Any forbearance by Lender in exeacisu�g any right or remedy suall not be a aaiver of or preclude ihe exercise of any � ' _
<br /> all ,
<br /> right or reme�y. ��,� --
<br /> 12.Scecce.ssors and Assigng Bouad;Joint and Several Liability;Co-siguera The wvenants and agreemenis of this {i•.'�
<br /> Security Insuument shall bind and benefit the successors and assigns of Lender and Borrower,subject w the provisions of � ,. � •
<br /> paragraph 17. Bo:rowFa's aovenanu and agreements shall be joint and sevaal. Any Borrower who co-signs this Security --�-• �- ��.
<br /> Instrument but daes not eaecute the Notc: (a)is co-signing this Security Instrument only w mortgage,grant and convey that �'•;�� ,;,�.�:,��_�-.
<br /> Boaower's interest in the Property under the tercns of this Security Insuuir►ent;(b)is not peasonally obligated to pay the sums • .,��''""'
<br /> �..'�.:.;.�'-�:
<br /> secaued by this Seauiry Inswmen�and(c)agrec�s that Lender and any other Borrower may agree to eactend�odifY.forbear or �,„ ._ �,-
<br /> . �-, . "Slria:_,—
<br /> make any sccommodations with regard to the teams of this Security Instrument or the Note without t6ai Borrower's consenG . ��__
<br /> .��y:YH� ��_.'"'_
<br /> 13.Loan Chuges. If the laan seaued by this Security Iasdrument is subjeci to a law which sets maximum loan chazges. . . .,�s*�°�'=��.
<br /> and that law is finally inte�reted so thai the interest or other loan charges collected or to be wUected in connection with the loan • "•. _ ��'��""-'"'
<br /> °'{`=-�`�,.:�c;�.-
<br /> exceed tbe pennined timits.then:(a)any such loan chazge shall be reduced by the tunount necessary w nedvice the charge to the � - �:
<br /> permiued limi�and(b)anY sums already collected from Borrower whict�exceeded p�mined limits will be refunded to Borrower. _ �''
<br /> Lend�may choose w pnake this refund by reducing the principal owed unde� the Note or by making a direct payment to �°�'i�,�:�
<br /> Batmwea. If a refund reduces principal,the reduction will be treated as a partial prepayment without ar�y prepaymeat charge � _ '� � ��'`�
<br /> under tha Note. .�"�..
<br />� � 14.Notices. My notice to Borrower provided for in this Sec�uity Instrument shall be given by delivering it or by mailing it � ,,'�'L���
<br /> �---,.�_
<br /> by first ctass mail unless applicable law requires use of another method.The nodce shall be directcd to the Propeaty Address or . -. � � • .�� ��-.
<br /> any other address Borrower designat�s by notice to Lender.My notice w Lender shall be given by fust class mail w Lender's � , .
<br /> address stated herein or any other address I.ender designates by noSce to Boirow�.My notice provided for in this Securiry , .
<br /> Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. . � � • •
<br /> 15.Governing Law;Seve�abillty. This Security Instrument shall be govemed by federal law and the law of the
<br /> jurisdicdon in which the Property is located. 1n the event that any provision or clause of this Securiry Insuument or the Not� . .
<br /> conflicts with appficable law,such wnflict shall not affect othea provisions of this Security Instrument or the Note which can be .
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instnunent and the Note are declared to � • ' •�
<br /> be seveh►bte.
<br /> Form 30Z8 9J90 �
<br /> �•8R(NE7(az�2�.o, Papeaofe �nnta�a: ' ° "
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