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<br /> �' p�ymcnts may �o[angcr bc rcquircd,ut thc opuon oF l�nder, if mo»gugc insurancc covcrugc(in thc emount nnd for thc pc�iod '
<br /> � that Lcndcr rcquires)pruvidcd by an insurcr approvcd by Lcndcr again bocomcs avuilablc ond is obtnincd.Bonowcr shull pay thc
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<br /> premiums roquircd ta muinttin mongugc insurancc in clfat, or lo providc A loss rescrvc, undl thc requircmcnt for mongagc ��
<br /> ` � insurancc cnds in accordancc with any writtcn agrccment Fx:twcen 8ormwcr und Le�idcr or applic;ablc law. _.. . _
<br /> I 9.Inspection. Lcndcr or its ngent mny makc rcasonablc cnvics upon and inspcctions of thc Property,Lcndcr shall gwc ' ,����::
<br /> �_,,,..� Borrowcr nouce at thc umc of nr prior lo sn insRccqon specifying rcusonublc causc far ihc inspocuon. ,.�'•��
<br /> .,. ; lO.CondernnAtion. 'Ihc procccds of any uward or cluim for dnmagcs,dircct or conscqucnunl. in connecpon with any .• . . ;,•1:��•
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<br /> condemnation or other tn4:ing of any part of the Property,or for conveyance in licu of condemnation, ore hcreby usslgned and r.. .. ,, ��-�_:;�_
<br /> 1 shall bc paid w I.cnder. ..•.• �,;�m.
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<br /> 1 In the cvent of a tatal taking of thc Property,tho procads shall bc applied to thc sums sccurcd by this Sccuriry Instrument, . '��,^W;� .
<br /> � whether or not then due,with any excess pvd to Bonower.In the event af a paztlal taking of Ihe Property in which the fair market �,: �y c�
<br /> vulue of the Property immediately before Uie taking �s cqual co or greater than the amount of the sums secured by this Security ��;a,:-=`
<br /> � -��•.
<br /> Instrument imrnediatcly before thc taking, unless SoROwcr and Lender otherwise agrce in writing, thc sums securcd by this �,�.�:;,
<br /> Security Insuument shall be reduced by the amount ot the proceeds multipUed by the following fraction,(a)the cotnl amount of �J._--
<br /> ihe sums saured immediatcly before the teking,divided by (b) the fair market value of thes Property immediatcly beforc the =���
<br /> taking.Any balance shaU bc paid to Borrowcr.In thc event of a partial�aking of thc Property in which thc fair mazkct value of Ihc �•<_-�=_
<br /> .., __.
<br /> property immediat,ely bcfore thc taking is lcss than ihe amount of ihc sums sccurerl immcdiatcly before thc taking, unless :i;�.�i___
<br /> Barrower and Lcnder otherwisc agrec in writing or unlcss applicable law otherwise provides,the procecds shall be applicd us the ,�,_--
<br /> sums securcd by this Security Instrument whcther or not thc sums are thcn due. •�_`�:":
<br /> � If the Prope�ty is abandoncd by Borrower. or if,atter notice by Lendcr to Borrower that the condemnor offecs to make�n ,� __.,�s;
<br /> '4•� awa��d or saUe a claim for damagcs,Boaowcr fails w respond to Lendcr within 30 days after ihe date the noUCC is given,L.e:nder :'r,`
<br /> #. is auUarizcd ta coUect and apply thc proceeds, at its option,eithcr to restoration or repair of the Property or w thc sums secured ;�:,�`
<br /> � � .� by tliis Security Instrument,whether or not then due. ,:::-*=--
<br /> Unless Lender and Borrower otherwise agree in writing,any applicadon of proceeds w principal shall not extend or postpone .�;�„�
<br /> : ihe due dateof the monthly payments referred to in paregraphs 1 and 2 or change the amount of such payments.
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<br /> � 11.Barower Not Released;Forbearunce By Lender Not A Waiver. fixtension of the pme for payment or modificaaon —
<br /> of amorti�uon of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall _
<br /> � not operate to release the liability of the original Botrower or Borrower's successors in iniensi. I.eri�ei�itui r�ot tsc rcquired Ss� _ --
<br /> commenceproceedings against any successor in interest�r refuse to extend time for payment or otherwise madify emortuation of
<br /> the sums secured by this Security Instrument by re�.son of any demand made by the original Borrower or Borrower's successors
<br /> � in in�est My forbearance by Lender in exercising any right or remedy shell not be a waiver of or preclude the exercise of any —_ _
<br /> � . � rightor reme�y. �
<br /> . :;.:��;.;;1�;;. 12.Successors And Assigna Bound;Joint and Several Liability; Co•signers. The covenants and agrcements of this �.�
<br /> . ' ���''� Security lnsnvment shall bind and beneCt the successors and assigns of Lender and Borrower,subject to the provisions of
<br /> ' ' paragraph 17. Bonower's covenants end agrcements shall be joint and several. Any Borrower who co-signs this Security :�.
<br /> ';,''::,;ti :t Inswmentbut does not execute the Note:(a) is co•signing this Security Insuument only to moctgage, grant and convey thac _
<br /> ',t,.:,;4� Bonower's interest in thc Property undcr thc temis af this Seturity Insuvment; (b)is not personslly obligated to pay the sums
<br /> secured by this Securiry Instrument;and(c)agrces that Lcnder and any other Borrower may agree to extend,modify,forbear or
<br /> ' . make any eccommodations with regard to the terms of this Security Instiument or tho Note without that Borrower's consenG
<br />- 13.I.otn Charges. If the loan secured by this Security Instrument is su6ject to a law which sets maximum loan chargcs,
<br /> ' ' � and ihat lew is Cmaily interpreted so that the inurest or other loan chorges collected or to be collectetl in connecdon with the loan
<br />-� ,;: j_ ' excced thepem►itted limits,then:(a)any such loan charge shall be reduced by the amount necessary m reduce the chazge to the
<br /> ���; . permitted 6mit;and(b)any sums silrready coUected from Borrower which exceeded pennittetllimits will be refnnded to Bonower.
<br />- Lender rnay choose tc� make this refund by reducing the principal owed under the Note or by making a d'aect payment to _
<br /> J Sorrower.If a refund reduces principal.the reducpon will be treated as a partial prepayment without nny prepayment charge _ .-
<br />-� under theNote.
<br />`- . '. 14. Not[ces. Any nouce to Bonower provided for in�his Security Instrument shall be given by deGvering it or by maiWg it _
<br /> by fust clacs mail unless applicable luw requires use of another method.'Ihe notice shall be directed to the Property Address or _` _
<br /> - stny othcr eddress Borrower designates by notice to Lendcr. Any nodcc w Lcndcr shall be given by first class mail to Lender's `___
<br /> � address snted herein or nny other address I.ender designates by natice to Borrower. Any notice provided for in this Security _. �-
<br /> Inswment shall be deemed to have been given to Borrower or Lender when given as provided►n this para�raph. �����:.
<br /> ` I5. Coverning Law;Severab3lity. 71iis Security InsWment shall bc govemed by federal law and the law of the „ �;�-�
<br /> ' . junsdiction in which the Property is locAted. In the event that any provision or clause of this Security Instrument or the Note ��,
<br /> � , confliets witl�epplicable law,such conflict shall not affect other provisions of this Security Instrument or the Note wh�ch ean be ~:�;°'°'—"�•3A��
<br /> given eficet without the conflicting provision.To this end the provisions of this Securit Insaument and the Note are declared to t' ti
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<br /> be severable. . •`�.. �*..�j.
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