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<br /> , at the option of txnder. if mortgage ins�trance coverage (in the amdunt and for ttie QePf�that°[.en���r�h�s) �
<br />. . - psovided by en insuter approved by Ixnder again b�omes availab2e and is abtained.Barro�ver shall pay the premivms _.
<br /> require�to maintsin mortgaga insurance in effect,ar fi provide a tass reserse, until the reyuirrment 4or mortgage �>
<br /> ` - - � �- insurance ends in accardance with any ariuen agreement beitveen Burrower and�xnder or appli,�able la�s. '
<br /> 9.lnspectiaa.Lertdrr or its agent may matce reasonuble enuies upon and ins�ectio�of.the Propeety.I.endec shali . �
<br /> � � � gi�•e Horroa er natice at the time of or prior to an inspectian specify ing reasonable cause for tAe ins{�:tion. .
<br /> . �" 10.Condemnett�n.The praceedg of any acvard or claim for damages.direct or oonse�aential.in amnectian with �
<br /> .�r• .
<br />. � ,,.; any candemnation or otties taking of any part ot the Propecty,or for conveyance in lieu ot eondemnation,are hereby � •
<br />. �, • assigned and shalt be paid ta Lender. .
<br /> ' : :s,;;� In the event aT a totat taking af the PropeMy.the praceeds shatl be applied to the sums secured by this Security �
<br /> �' '� instrumrnt�whether os t�ot thet�due,with any exces�paid m Borroaer.In the event of a partial taking of!he Property in
<br /> _ �:.,;_�,..,;.�,�-., which the fair market value ot tha Pmperiy immediately betore the taking is equal to or greater than the amaunt of the
<br /> �`. �.i sums�aecured by this Security tastrument immediately befare the takiag,unte�Borroa er and I.ender othernrise agree _ .,
<br /> � " � '' in writing,the sums secuted by this Security Instrument sha]!be reduced by the amount of the�proceeds muitiplied�ty � `�
<br /> the�oilowing traction(a)the tora!amount of the sums sYrured immediateiy before the�king.divided by Qb)Me fair • '
<br /> . market val�e of the Property immediately before the taking.Any balance shall be paid to Borro�ver.In the event of a , •
<br /> pattial takiag of the Prope�ty in which the faic mar�Cet value of tAe Propercy immediately before the taking is less than _-
<br /> '--- - -- the amouAt oY tAe sums secured immedistely be4ore the tak'ss1g,unless Borcower attd Leuder othercvise agree ia Hriting �
<br /> - . ' ; or un2� applicable taw othetwise provides. the p� shalt be apptied m the sums setured 6y this Security _'t:.;
<br /> . - -.:�'L lnstru�ent Nhetbet or Aot the sums are then due. =:�:
<br /> . If the Ptiaperty is abandoned by Botrowet.or if.after aatice by t.ender w Bortower that the rnndemnor offevs to
<br /> make an a�eard or settle a elaim for damages,Borrocver fails to r�pond to Letides cvittun 30 days efter the date the - `
<br /> �- ttQtic�s is given,Lender is authorized to collect aad apply the proceeds.at its optian,either to rescoration or repair of the
<br /> , : :;,�,. ' Pr�np�srty or to the sums secured by this Securitp Insmrmeat,whether or not then due.
<br /> � � • �� Unless Lender and Bwrower otherwise agtee in writing,'any applicadon of proceeds to principal shall not extend or .
<br /> �� ;;`.��. postpnne the due date oi the monthly payments reYerned w in para�aphs 1 and 2 or changa the smount of sucb �
<br /> ,` ., v, paYmentv. • �
<br /> � � ;..�{^:_': 11.Borrocver Not Released: For�earance By Lender Nat a �Caiver.Eatension of the time for payment ar �`�
<br />_ " _ :_ _ mod'ificatton of amortizatiou af the sums secuted by tbis Security Iastrument grant�bp Ixndet w any stsc�or ia ;�:_'';�
<br /> ` irltter�st of Boirawer shall not opesate to retease tAe liability oY the original Bortower or Horrocver's successnrs in
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<br /> �`:.,�; intecesK.Lender shall noi be tsequit+e�d to commence proceadings agaia�st any suco�sor in interest�or retuse to eatend - .'
<br /> - , ';;''�� time for payment ar athetwise modify amorti7atian of the sums secured by this Security Insteument by�reason of any � `�
<br /> � �-�� dema�id made by the original Borrower or Borronrer's s►uce�ors in intxsest.Any torhearaace by I.�nder in esercising
<br /> ';.-�� any right or remedy shal}not be a waiver o4 or preclude the esercise oi any righ`t or remedy. --
<br /> "�; ��' " �:' — l�Successors snd Assigns Houud:Joint aad Seveeal Liability;Co-signers.The covenants and egreements
<br /> r��f�� ' =' p
<br /> �•�;;?�,€�:s . �`:� oi this Security Inscniment shail bind and benefit the suq.�ssors and a�signs of Leader and Bormwer.sub�ect ta the
<br /> . _ -..S . ' provisi�ns of�ph 17.Botrower's covenants and agreeraents shall be 1o�nt and several.Any Borrower rho co�ign.s .;�,:
<br /> ���� �:� ` thia Securitq lust�a...ent but daes not egecute the Not�(a) is oo-signing ttns Sec�rity Instruraent only to mortgage. ��:
<br /> r�.w_;-
<br /> '`:-' ` _ . ..__.`�;. grant and con��eY a�t Borrower's interest in the Propetty under the terms of tbis Securit�t Insttument; (b) is not �•,n.
<br /> ;3� , , pe�a�l2s�obligated to pay tt�.e sums secured by tfiis Secutity It�strument;and (c)agr�es that Lende��aad aay other
<br /> .�t� ;;�'��t� : '-. Borrv;�xe�.may agcee to eate�d„rs.zodi�jt,forbeat or mai:e err�accommodatians aith,t�egard to the tetma ot this Sesia�ity ::
<br /> t�'�,q�s�,' :��.a; Ins��a.t or the Note without�iiat Bm�►�wer's oonsent.� : • � '
<br /> , .�:: :' �: '$�:.�,oaa Ct�arges.I�the loan seeured by this Secws�_Iastrument is sub�ect tu a law which sets masimum loan ��.:.:. :
<br /> F `�` charges.and that law is f i n a l ly interp r e t e d sfl t h at t he i�t�r e s t or o t het toan c h a rges co l t e c t e d or t o b e co l l e c t e d i n �, ,-:
<br /> - :���.-.- ` .' oonn�ction witA ihe loan esceed the permitted limits,tl�enr,(a)anp sirch loan charge shaU be reduced by the amount ';:�. � � .-
<br /> • •„�i�. • �"•�.`% nec�rSr.to reduce the charge.w the permitted timi��iiti.(b� any sums already collected trom Borrower which t� '�w.,
<br /> r;��,� °"'• eac�permitted limits wi3I be refunded to Borroa�e�:,�,�.-0nder may choose to make this refund by reducing the �
<br /> princi�al owed under the Note or,by making a direct paymr�t to Borrower.Ii a refund reduces principal.the reduetioa `f .�� ::
<br /> „ . . will be�reated as�:�*astial preFapnisnt witL^�i�aay prepaymem charge under the Note. ;� � -,
<br /> ' ' ' ' .''�' .�' 14.Notices..�s�otice to Borrower. . ����3ed for in this Security Instrument shall be given by delivering it or by � E :-
<br /> ��"�:f �..
<br /> .:�.;;,�'.. '��.,; - mailing it by�tst� diai!. .,a�cr}'�s aPPlicab�'�aw requires,:use of another method The notice shalt be direeted to the �� '�.
<br /> Yt':f�,�� _ Property A d d ress or ariy o t���ress Borcower designar,��b y n o t i ce t o I.e n d e r.A n y n o t i ce t o L e n d e r s h a i t be g i v e n b y e _
<br /> '��,� ,-,: first Ctass mail to Lender's a�;Y S S stated herein or an y o:ner addres5 Lender designates by notice to Bomower.Any
<br /> � '��l` , notice provided 4or in this Security Instrument shall be deemed to have been given w Borroar�r or L e n d e r w A e n gi v e n
<br /> � � .
<br /> '� .: as provided in thia para g r a ph. �
<br /> . ;:._ . I 5.Governing I.a�v;Severability.This 5ecurity lnstrumentshall be governed by federal law and the iaw of the r T>.
<br /> �°'i�yj ::�" ��n ' -
<br /> •':'•;,�,�,;�,�.::j.,., Nrisdiction in which the Pro�w,is tocated.In the event that any provision or ctause of this Security Instrument or the
<br /> ;;�.:,;;;y���'{ IJota coniilcts with a�plicaU��:.1,'4Av;'such conflict shatl nq+��.xfect other provisions of this Security Instrument or the Note �
<br /> � '; '�`�'�: � g'� ��s����e conflicting provi5��an.To thia end the provisions of t1}is,Sesurity Is�stoument and
<br /> - ' ;.,y�tl.i, , . which can be ven etfect.r i ,
<br /> . . the No2e are declared 3a be set��'e. .�. i',
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