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<br /> � • 97" �p66ps �.
<br /> , paymcnts may no longer bc requircd, at U�e opuon of Lcndcr,if mongagc insuronss covcrage n the amaunt ancS for thc period �
<br /> • ' that Lcnder requires)provided by nn inrurer upproved by Lendcr again bccomes available and is obtained.Borrowcr shall pay thc !
<br />_._._ __ �.� premiums rcquired to mainuiin mortgagc insuranr,e in effect, or w pravlde a loss reservc, until the requircmcnt for mongagc ��
<br /> ' • ;• insurance ends in accordanr,n wiih any wriu�n egrcement between Bocrower arzd Lender or appiicubIc taw.
<br /> •;,•� 9.Inspection. Lendar or i�9 agent may malce rcasonable entric,a upnn and inspccdons of U�e Property.Lcndcr shsilll givc
<br /> w r noUca at thc tima of or rbr toan ins pon if In rcawnablc cnusc far the in tion. �.
<br /> ��,Y Borro c P P� � Y S �
<br /> ���� 10.Condemnatiod. Th� proceeds of any award or claim for damagex,dtre�t or consequential, in connection with any
<br /> wndemnation or other takinQ of any pan of Ihe Property. or for convcyun�cc in IYtu of condemnation,are hereby susigncd and
<br /> � shall be paid to Lcndcr. �i:�
<br /> � In the cvcnt of u totstl tnking of the Property,the procecds shqll brs applicd w Ihc sume sccured by this Socurlty Inswmcnt, --
<br /> iwhcthcr or not thcn dua,wi�h any ozccas p�id to Horrowcr. ln thc cvcnt of a punlxl taking af Ihc Prapcny in which U�o fair markct _
<br /> . ;� vnluc ot thc Property immrdiutaly bafore tha tnking is cqunl w or grcutct than thc amount af thc eums�ccurcd by lhis Sccurity
<br /> Instrumcnt immcdiately beforc tha tWcing, unleFS Bprtower and l.endcr�thcnviiso agroa in writing, the sums isecurcti by this �
<br /> t Scctuity Instrumcnt shnll bn rcdur.cd by Iha arnount oP tha pnx;ccJ.r multiplicd by !hc following fraction:(u)tho toLal amount of _
<br /> g� thc Fums sccurcd immcdiutaly boforc Uic taking,dividcd by (b) the fafr markct valuc af tho Propcny lmmcdietcly lx:torc U�c
<br /> } taking.Any bnlancc shal!ba p;�id to Botrowcr.In thc cvcnt uf a nnrti�l talring of tho Propcny in which thc falr markct valuc af Ihc
<br /> gg Property immediatcly be[osc tha teking is Icss thnn tha umnunt ot tM sums uxurccl immcdistcly F�cfurc thc taking,unlcss �
<br /> . � Borrowcr and Lendcr othonvise ngree in wriwtg or unle.ss applIcuble law athcrwi.se providcs,thc proccccls shall be applied to thc
<br /> sums r,ecured by�his Security Insirumeatwhe►her or not Ihe sums ere ihen duc.
<br /> If tho Property is abandanad by Hortowcr, or if, aRcr noticc by L.cndcr to Borrower that thc condcmnor offcrs w makc an
<br />• award or seuk a clalm iac damagca,Sorrowcr fails ta respond to L.e�Jcr within 30 days after the ciate the nodce is givcn.Lendcr
<br /> is authorizcd to coltect and apply Ihc prac.�eds,at iu option,cithcr w restor�etion or rcpair of the Property or to the sums sccured
<br /> by this Security Instrumont,whuther or na�hen due.
<br />-. .� Unless Lcnder and Borrower otherwise agree in writing,any application af praceetls to principal shaU not extend or Postpone
<br /> � the duc date of the mc>nthly payments rekrred w in paragraphs 1 ar�d 2 or change tho amount of such paymenu.
<br /> 11.Borrower Not Relea.ved;For6earance By Lender Nos a WAi��rr. �xtension of the time for payment or modification
<br />;., of amortizadon of the sums secured by�his Securiry Insuument granted by Lender to any successor in interest of Borrowu shall
<br /> ; _ __ ,.�,_i_ n�r�Frfarr tn relen.ce the liahility of theori¢inal Borrower or Barrawcr's successors in interest Lcnder shtill not bercquired W
<br />�{,,... . ;�,�;�:- , commence proceedings agalnst any successor in interest or refuse ta ea�tend time for payment or otherwise madify emortizaGon of
<br /> • ' "' ' the sums secured by this Securiry Instrument hy rea.4on of any demand made by the ori.ginal Boaower or Borrower's successors
<br />-`:�• • � • in interesG Any forboFUar�ce by Lender in exc�cising any right or remedy shaU not be a waiver of or preclude the exercise of any
<br />_�,:,; �.. .:
<br />-:�... ." rightor remedy.
<br />'�`�` ' 12.Sacccasors and Assiqns Bound;Ja�nt stnd Severnl Liabiliq; Co•signers. The covenents and agrcemenis of this
<br />±�''r�'�?��. �•'"�: Securiry Instrnmant shall bind and buneF'it� succ�essors and assigns of Lender and Borrower, subject to the provasions of
<br /> `'"�'� � h 17. Snrrowcr's covenents end ocmems shail be 'oint and several, An Bocrower who co-sl S tI1L9 Securi
<br />���`.;: :ii' P�S�P � J Y 8►� tY
<br />- � Inswment but does not execut� tha No�: (u) is co•signing this Sxuriry Inswment only to mongage,grant and convey that
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<br />'.�.i�.,� ,.{,�,. Borrowcr's lnter�t in the Property uridcr thc tums of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> .;,• .r�.� sectued by this Security Instnunent;und(c)agrecs that Lender and eny othcr Borrower may agrce to extend,modify,forbear or
<br /> �R;sr.,_3,,t mako any accommodati�s wit�regard�n thc tcrms of this Security Instrument or the Note without that Borrower's consen�
<br /> - "�����'��'� 13.Loan Ch�rges. [f�t1n loan sccurcd by ihis Securiry Instrument is subject to a law which sets maximum loan charges,
<br /> +a;ur:`�,i�:;.
<br /> T�:�_��•�� and that law is finalty in:r.rproted so thatthc int�erest or other loan chargcs collocted or to be collected in connection with the loan
<br /> —.:�►�,�'� excced the permiued lir�sis,t1rm:(a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the
<br /> ��`""`'� rmitted limit;and(b)any surns alraad collected from Borrower which exceeded rmitted Wnits will be refunded W Borrower.
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<br /> =���+?�i�;•�.� I.ender may choose to mako this reFund by reducing tha principal owed under the Note or by making a direct payment to
<br />—.::��d�.`` Borrower. If a cefund reduces principal,the reducdon will be treated as a partial prepayment without any prepayment charge
<br /> ----`'"�'��'� undu the Nate.
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<br />— ���`��'�``�'' 14.Notkes. Any nodce to Borrowu provided for in this Security Instrument ahall bc given by delivering it or Uy mailing it
<br />�_ =��'� by fust cla4s mail unless a�plicable law requ'ves use of anothcr method.Tt►e notice shall be directed to the Property Address or
<br /> -"�;.,�,,s:•�.�. . any other address Borrower designates by notice to Lender.Any noucc to L.cnder shall be given by fust class mail to Lender s
<br /> =1.-;�<��� � address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in ihis Security
<br /> . `.`'''�' Insuument shall be dccmcd to have been givcn to Borrower or I.ender when given as provided in this paragraph. -
<br /> _ .�;�,':. 15.Coverning LAw;Severability. This Securiry Insuumcnt shall be govcmcd by fcdersl law and thc law of thc =_
<br /> – • jurisdicdon in which the Property is laated.In the event that eny provision or clause of this Security Instrumetixt or ihe Note -
<br /> : .�• conflicu with applicab:e law,such conflict shell not af[ect other provisions of this Security Instrument or the Note which can be _
<br /> ,� given effect without the contlicting provision,To this end the provisions of this Security Instrument and the Note are declared to
<br /> � bc scvcrablc. _
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<br /> . Y, Form302! 9/�0
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