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<br /> - - ..-. ....,.� v.............a..,U�.a��P crn•erare�in the amaunt and for thr period
<br /> - -. payments ma}�na tonger be reyuirea.ai u�c��•�••.• •.••••.....:.--..�..�--�._.. — --_—
<br /> ' that Lender requiresl provided by an insurer appm��e+1 by Lcader again become+acailable and i+obtained. Aormwer,h:ill pay , ,
<br /> � �� . the premium�nquired to maintain mongage insurance in effect.ur eo provide a luss r��seRe.until th�re�{uirement fur nt��rtgage .
<br /> � insurance ends in acwrdance with any written agnen�ene between Bacm«er and L.enaer or applirable lan�.
<br /> ,..r. 9.Iaspection. Lender or its agent may malce rea,anablr entries upon and inspection�af the Propert}. Lxnder.hall gia� . , ; .
<br /> - __ - Borrower notice at the time of or prior to an inspettior�specifying reasonalsle cause for the in.pection. _- ^ �-�__.
<br />-. • ' � , 10. Condemuatton. 'Fhe proceeds of any award or claim for damages. direcc or coasequential.in conne�nion with any ,_ ` H� .•:�
<br /> � . ' .� condemnarion or other taking of any part of the Pmperty.or for canveyance ia lieu of condemn3tion,are hereby assigned and ' }` •::
<br /> shall be paid to IYnder. -���
<br /> - , [n thc event of a total taking of the Property.the proceeds shall be applied to the sum.S secared bY this Security lnstrusnent. r :- •- �-:. :
<br /> �n whic!►the fair -- -'- �`
<br /> ' whether ar nat then due, with any encess paid tu 6orrower. In the event of a parcial taking uf the Property � • .
<br /> . market caluo of the Pcvperty immediately before the taking is equal to or geater than the amount of the sums uxumd by tbis .�,;i.._ :.'
<br /> � -`•' Securiry Instrument immediate{y before the taking,unless Bormwer and Lender otherwise agree in�L�riting,the sums secured by
<br /> .� . .,,, . � this Security Instrument shali 6e reduced by the amount of the proceeds mulriplied by the foflowing fraction: (a> the total .
<br /> �•.,� amount of the sums secured immediately before the taking. divided by(b)the fair market value of the Praperty immediately t :
<br /> ��� before CG�talcing. Any balance shall be paid to Borrower. In the event of a partial taking of the I'roperty in�vhich t�e fair -� � ,r : ~.
<br /> ' .� market�aiue of the Property immediately before the taking is less than ihe aznount of the sums�ecured immediatelY befRrr the ,`, .>.s:� ':•'"•
<br /> . ..,. ., ,�.
<br />. • • .� taking,unless Borr�Rer and Lender oiherwise agree in writing or unless applicable law utherwise provides,the pmceeds sha11 .- ',,-j.
<br /> ,. - .:� be applied to the su�s secured by this Security Instrument whether or not the�:�s are then due.
<br /> .. �.:..� tf the P�aperty is abandozed by Borrower.ar if.after nouce by Lend_^r taz Bono�cer that the condemnor offer�ta make an ,-. .'.: �:' `,':
<br /> _�_..s �,•. _ •.�.{ ... �::.;;..:,:;,
<br /> ; .� award or settle a claim for damzges. Borrower fails to respond to L.ender F�a:�a�Q dar�s after the date the notice is given. �u;,_
<br /> °,.,� Lender is authorized to collect and apply the proe�eis.at its option.either to res:4ra:�.7a or repair of the Property or to the sums 7�- r.
<br /> , secured by this Sec�:rit:�Instrument,whether or not then due.
<br /> � ' Unless Lenda and Barrower otherwise agree in wRting. any app1ic�on of proceeds to principal shall not extend or , � :�
<br /> . ,�,� � � +� postpone the due d�e of the monthly payments refened to in paragraphs!�uf 3 or ehange the amoont of such payments• ,;- �'�.-:� -^
<br /> ` •'�� 11.Borrowes Not Releaged:Far6ea�ance By Lender Not a Walver.Extension of the timc for paymeat or tnadification , •f,�.y„E .,-, ,•. ; .g
<br /> ',� ,: �
<br /> � � of ama�tiration of the sums secured by this Securiry Instrument granted by Lender to any successor in interest of Borm.n+er shall {�� .. t�_
<br /> • not operate to reL:.�the liability of the original Borrower or Borrower's sc�.ssars in interest. Lender sha11 not be required to 1 � '� :
<br /> 1'. _. )... "'��;�'); r`.''�"•.
<br /> • � cammence pro�i:;;�.,.'�against any successor in interest or refuse to eztee•S:rs�e for payment or othenvise modify amortization . .. j,,� ,.;.
<br /> of the sums secur�i'�s this Security lnstrument by reason of any der.�a�,al made bp the original Borrower or Borrower's `� , ', ' •�:
<br /> .:r'� � successors in interest_ �ny f:.fiearanee by Lender in exercising any right or remedy s�not be a waiver of ar preclude the ;+���i`,�fr ,, ;:
<br /> ,�;.t�•.� . '_
<br /> , .,Y••`� :�� e x e r c i s e o f a n y ri g h t o i t e m e d�. 1.'"°,z"��;;:``; �,'
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<br /> � �. 12. Sacceswcs aad Assigns Bound; Joint and Severel LiabiNty; Co-sigaers.The covenants and agre,ements of this , ,, �;' f�,r? _
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<br /> � �. , Security Instrum:�.x �ha11 bind and benefit the successors and assigns uf t�:nder and Borrower, subject to the provisions of , ,.. �';� -
<br /> . � paragtaph 17. Borrower's covenan�s and agreements shall be jaint, and several. Any Barrawer wt�a :o-signg Nis Sec�rity , , .=��:-��_
<br /> � Instc�msnt but daes not execute the Note: (a) is co-signing this Securiey instrument only to mortgage. grant and oa^_vey thas . �'� ;�,,,'_:''
<br /> � .. ,...
<br /> � � • . ��. Borccu�r's interest in the Property under the terms of this Seca*tity Instnimenr.(b)is not personally obligated to�+ay'��..R sur.ts . •�:;'�'..-:a,;.f;
<br /> . ��i secured by this Security lnstrument;and(c)agrees tnat l.ender and any osher Borrower may agree to extend,modify.:��~Seat ar � :,•Y.='y�^
<br /> • • . � make any accommadations with regard to the temis of this Security Insmuas�.'at or Ihe Note without that U�i>rrower's cansent. , . "`""`
<br /> !3.Loan Chatges.If the loan secured by this Security Instru�ne*.t�:s.sbject to a law which sets c:�ximum toan charges. "��,.��:� `
<br /> �, ' and that.law is finally interymted so that the interest or other loan charb�collected or to be wlte�e� :n connection with the f ': � - •'
<br /> ,,:s� . � a
<br /> ��; '.� loan exceed the permitted limits.�izen: (a)any such loan charce shall be red�iceil by the airount necessary to reduce the charge ';�q,,�(, ���
<br /> , t�rv �,;��i. ' r�.` . -..
<br /> , . _ ,�;., to the permitted limit:and(b)any sums already collectea fre�Borrow�which excea��.i:rermittat:imits will be refunded to ; �Mt�� .�, �;�
<br /> � •�,•:i� Borrower. Lender ,ray chaose to make this refund by reducing the�r:a:pal owed under the �,r,t or by making a direct "+'�y°`
<br /> ' � •- • payment to Barra�.er• If a refund reduces principal. the reduction �.Llt be treated as a parti�i �repayment without any ��'� }_
<br /> . � ,� �` prepayment charge under the Note. � •
<br /> . . , • '''�' 14.Nottces.Any notice to Borrower pravided for in this 5ecurity Instrument shall be given by delivering it or by mailing , ';y��a�
<br /> •• ce .
<br /> .;..,: :� � it by first class mail unless applicable law requiies use of another method.The notice shall be directed to the Property Address . . .. .
<br /> � : � '�� or any other address Borrower designates by notice to L.ender. Any notice to Lender shal! be gic�en by first class mail to .
<br /> � � "�t Lendet's address�.ed herein or any other address Lendet designates by notice to Borrower. Any�vati.�e provided for in this ;
<br /> ..l: . �.:� � ,
<br /> ���i Security Insttumer.t shall be deerRed to have been given to Borrawer ar Lcnder when given as provided in this Qaragnph. .. .
<br /> .`: .. { . . ,
<br /> " '.':�4•'��`•,. �:�, ' � t5.Goveming Law; S�tnw'abtlity. This Securiry Instrument xhall be gavemed by federal law and tLie aw ot ths ,f,�Y�,,�1;,`;;• •':.
<br /> �� �'?'�.',! � ::�� juPw�iction in a•hich the P�vpery is lacnted. in the event that any provisian or clause of this Security Inslrumecte�r the Note ` `it':�
<br /> '`-{ ` ° •� conf,iets with a��tiablo I�w,suah conflict shall not affect other provisions of this 5ecurity Instrumem or the Note which can 6e '`
<br /> -.x. . ...,.•.
<br /> `_��'�� . •. ' given effect wid7out :ho cuntlicting provision. To this end the provisiaay of this Serurity Instrument ar�d the Note are declared � �°�,
<br /> � to 6e severable. . '��
<br /> , ,.i,:",:;.r � � • ��.Borrower's Copy.B�rrower shall be given ane�a�f�r'med copy c>f the Note and of this Security Instrument. �
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