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<br /> puymcnGti muy na longcr bc rcquircd,ut tho opuon of Lcndcr,if mortgugo insuruncc cavcragc(in thc amount and for thc periad _
<br /> Nat Lcndct rcyuirav)prc�vidcd by un insurcr approvcd by Lcnder agnin bcc�mcs uvailabk nnd is�bt�ii►cd.6arUwcr shall pay thc '�_,(��
<br /> prcmiumti rcyuirccf ta muintuin martgagc insurar�ce in c(fcc�,or to providc u 1a�,9 rescrvc,until tl�e roquiremcnt for mongagc •'�F,;�-_
<br /> insuruncc cnds in uccorctuncc with uny writtc►�ugrccment Ix:twccn Borrowcr und l.cndcr or applic,b�e law.
<br /> °� 9.Inspectbn. L.cndcr or it.4 ugcnt muy m:ilcc rcasonablc cntrics upon and inspccUons of chc Propcny. l.cndcr shall givc � . ,' �,:_
<br /> Borrowcr noucc at Uic dmc of or prior to un inspec:pon spccifying rca.wnablc causc ta t1u inspocuun. I`, , %��'��
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<br /> L 10.Cundemnvtbn. Thc pracccds of any uwurd or claim for damagcs,direct a consequcntlal, in connocdan with any , .�,_
<br /> `"""`""�'� condcmnntion or othcr wking of any part of thc Propcny, or for convcyoncc in licu ot condcmnadon.arc hcreby sssigned and � ;__.
<br /> shull be puid to Lcnder. -��':A-7y
<br /> In thc cvent of a totul utking of the Property.ihe procccds shali bc applied to�he sums sccur�ed by this Security InsuwnenG �� .,.Y��--;._ _
<br /> whcthcr or not thcn dua,with any cacess pnid to Borrawcr. In thc cvcnt of a partial talcing of thc Propercy in which the fatr markct • __-•--
<br /> valuc of thc Propcny immediutely beforc thc u+king is cquul w or Srcatci the�th�°M°�ue�of the suma scc:ured by thls Socurity _
<br /> Inswmcnt immcdiately bcfore the taking, unless Borrower und Lender othcrwise agree in wrlting. the sums sccural by thls _
<br /> Security Instrument shuU be reduced by the amount of ihe procecds multiplied by�he foU.owing fraction:(a)the total amount of -
<br /> the sums se:ured irnmedintclY beforc the�aking.dividcd by(b)the foir market valuc of the Pmpcny immcdiutely befoce the
<br /> tsacing.Any balancc shall be paid to Borrowcr.In the evcnt of a pacdal t�kin�of thc Pr�oper�ty in which thc Fa'v market valuc of the _
<br /> propeny immcdiatcly befarc the mkins is Icss than 1ha amount of thc suma scci:s+cd 'amme,Jiately befor� the taking, unlc� __
<br /> Borrower and Lender otherwise agree in wdting or unless appliceble law othecwise provides,ihe proceeds shell 1x ap[►lied tu tha .._
<br /> sums secured by this Securiry Iastrument whether or not the sums are then due.
<br /> " If thc Property is abandoncd by Borrowcr,or if. after notice by Lendcr w Barowcr thet the condemnor offers to moke an
<br /> award or seulc n claim fQr dumages.Borrower fail�tci respund tn 1-cnder within 30 dnys aftcr the dacc thc norice is givcn,I.endcr -
<br /> is authorized to collect and apply the proceeds,at its option,either to reseocation or repair of the Property or to the sums secured
<br />: � by this Scxuriry Inswment,whcthcr or not thcn duc. �;
<br /> Unless I.ender and aorrower otherwise agree in wripng,any application of procoeds to principal shaU not extend or postpone _
<br />= the due dau;of ihe monthly payments refened to in paragTaphs 1 and 2 or cPiange tlie arnount of such payrrknts. °`
<br /> 11.Borrower Not Iteleased;Forbearance By Lender Not a Waiver. Ext,ension of thc time for payment or modif'�cation
<br /> of amortizadon of the sums secured by this Se�uriry Inswment gcaneod by Lend:�to en/ suceessor in interest of Borrower shall
<br /> - ' not operatc to rcleasc the GabiUry of the originai Borrower a �omower's�ucx;cai�s i�i:.zier�si.L�dcs�h:.l!not�zaitsir"-s!t�
<br /> , .t�:`',,`:`� commence proceedings a8ainst any successor in interest or refuse tn extend dme for payment a otherwise modify acnorti�tion of
<br /> � •s • the sums sccured by this Sccurity Instrument by reason of any dcmand made by the origi�al Bocrower or Bocrowu's soccessors
<br />�'� in intetes�Any forbearance by Lender in exercising any right or remedy shall nat be a waiver of or prcclude the exercise of any
<br />�'r'` � right or remcdy.
<br />- " ' '� �• 12.Succecsors and Assigns Bouttd;Joint�nd Several Lia6Uity; Casigners.The cnvenants and agcrements of this 4
<br />�'�`-_=`- ••�- Securlty Insmurecnt s�all bind P.nd t�enafit the �ncce.csars and assigns of Ler�det and Bamnwer. su@ject to tne provision�of
<br />��-'-�° ;:. parag�aPh 17. Borrowcr's covenants and agreements shall be joint and severdl. Any Borrower wt�o casigns thu Security - —
<br />-" " " Insmimertt but does not execute the Note: (a) is co-signing this Security Instra►ment only to matgage,grant end convey that
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<br />��.r•r Barower s intemst in tiio Property under the terms of thi�Socurity Inswment; @) is not personally obligated to pay the soms -
<br /> ,�, secure;d by this Security Instrument;and(c)agrees that Lendee and any other Borrowa nuy agree to eatend,modify,forbear or
<br /> � �t� "' make any accammodations wlth rcgard to the tcrms of lhis Sauriry Instrument or thc Note without thai Barower's consenG
<br />''�r��:• � 13.I.onn Charges. If the loan secured by U�is Securiry Instrwnent is sub}ect to a law which sets maximum loa�►clwrges. -
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<br /> .,...T„�;:',;. and ttiat law is finally intapreted so that the inocrrst or other ban charges wllected or w be collected in connection with th� -
<br /> �;�;:,;=:�•k�� exceed the permiued limits,then: (a)any such loan cherge shall be reduced by tha amount necessary to ceduce the charge to the _Y
<br /> M''�;z�:� pecmitted limit;and(b)anY sums already collected from Bortower which exca�dcd pennitted limits will be refunded to Borrower.
<br /> --_�.:::r,:':� I.ender mny choose to make this refund by reducu�g the principal owed under the Note or by making a direct payrment to
<br />;��;� IIorrower. If a refund reduces principal,the reduction will be treaced as a partial prepaymeat without any prepayment charge �
<br /> �"x*'°". undcr the Note.
<br /> �"�""- 14.Notices. My rtouce to Boaower providcd for in this Security Instrument shall be given by delivering it or by mailing it
<br />��_`�y�� by first class mail unlrss applicable law requires use of anaher methad.'Ilie notice shall be direcuxl w the�'roputy Address or
<br /> -_=�="��==�• eny other address Boaower designates by nouc:e to Lender.Any notice co 1�ender shall 6e given by fust class mail to L.endec's =
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<br />_ ��=7:�.�=,- address stuted herein or any other addnss Lender designates by nodce to Borrower.My notice provided for in this Socurity ��---�
<br /> Y��=�:;.';'� • Instrumcnt shall be decmcd to havc becn given to Bornower or L.endcr when given as provided in this paragraph. •�++�-
<br /> ° � IS.Coverning Law;Severabitity. 'Ihis Socuriry Insuumcnt shall be govrrncd by foderal law and t1►c law of thc `:�
<br />_ � �� jurisdiction in which the Property is located, In thn event�hai any provision or clstuse oF this Sacurity htsGUSUent or the Notc .
<br /> � contlicts with applicable law.such conflict shall not affect other pcvvisions of this Scxurity Tnsuumcnt or tho Note which can be _
<br />~ . given effect withaut the conflicdng provision.To this end the provisions of this Securiry Insnvment and thc Note are decla�+ed ta --
<br /> • be severablc. __
<br /> `' Form�02� 9i00 •
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