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<br /> .� , .. , Qayments may na tonger be requized.at tlie uption of lsndcr, if mortgag�imurance��o��cra�lin��amount and for the penacl
<br /> that Lettdcr requires3 p�%��Y�insurer approced by l.�nder again becc�m�a�ailable a�xl is obtaincd� Borru«er shafl pay :.-::_,-
<br /> =:.�:,�.:� - • thr preniiums required to raaiatain mortgagr insurance in effect.�er tn pmvide a l�MS r�serre.until ihe reyairement for�onga&e ��_.;_
<br /> ` insutsnce ends in acrordattce��itfl any a�riiten agrcement 6etRee��8arrawer:ntd l.ertdet ur appliqbk law.
<br /> � ,- 9.inspecttan.f.enaier or its agent nta}ma�e r+�son:ibtc entric�s apon anc!imycctinn�oP►he Propert}. Lender chaf!give `� .�;
<br /> � • 8orrawer notire at ttie time uf ur prior to an insprrtion speciCying rea.�onable��u�c fi�r the impoctiun. '; �,F
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<br /> �..,�• •'� 10.Cand�t�atiun.The prucecd+of u�y at�atd or claim for dumages.din.�ct or ron�equential. in cnnnectian with an� �
<br /> �., : . ' coadert►aation or other tabing af any part uf tt�e Property.or for�t•m•eysnre in ticn of��n�emnati�n.arc hcn.�f+y as.signcd:usd ,_' '.
<br /> � �� shai!be paid to ixnder. •� ! �`
<br /> --- :— In the eveni of s►total taking af the Prupeny.the prareeds shal!be appliQd tu[he+umc secur�vi by thiy Security Tn�trument. !� .,
<br /> �'""�� xl�s cr aet!hen�3�e. �itb any cxce��sid tu Sortaar•�. fn thc evem of a n�ctial takin�;of;tte Propert}in iebi�t3s�fair -_
<br /> `�, � maricet t°alue of the Prope�ty ir►�med�atelY hefi�rc the t�cing is equa!to or greatcr than the amount of che 5ums secured by this �
<br /> .��.:_ __ r. Securiry[nstrument imms°+diateiy before the taking,unless BarcoKer and Lender uthensise agme in�tiriting.the sums.ecun'd by
<br /> � '� � :`:�; this Security Insuument shail be reduoed b� the amount of the prm�ec�ds mnttipliod b� the follaning fractiun: (al the tatal .
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<br /> ..r-�,:� amount of the sums secured imme�iatelg beforc thc taking.divided bp tb►the fair mar[set value of the Property immediatelY -_-'
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<br /> � . `� �' before the taking. Any balance shalt be paid to Borm�er. In the event of a partial tahing af the Property in N•hich the fair � "�._
<br /> " p�arket value of the PrQperty immediatety 6efore the qking is less than the amount of the sums secvred immed'rstely 6efore the :�,.'.;:;�
<br /> � � ,,'`- � � takirtg.unteas Borrawer and Lender othenvise agree in writing or unless applicable law othen�ise provid�,the praoe0ds s�atl
<br /> -�:;�;:. • bc applied�to thr sums secured by this Seruriry Instrument«�Cethar ar not the sutns ate then duc.
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<br /> ----- — EC ti�Pcap�aiy..fs abandot�cd bg Bosiouer.or if,after nalic�e by Lender tn&�rroa•cr tfeat the mndemnar offers to mzice an _
<br /> - . aivaid or settte a rtaim for damages,Bmmwer fails to respond tn Lendcr within�30 days aRcr thc d:►te the narice is given. .
<br /> -, _: ,' ','f Lender is authorized to collecc and apply the pmoeeds,at its opdon.either to restoration or repair of the Property or to ttie sums ^.
<br /> � :. . ' •::;: secured by this Security InsWmeni.whether ar noi then due. licatinn of ro�ds to rinci shall nat extead or `, .-;:
<br /> � . : •�.:'._:; . Unfess l.ender and Bortotiver otherwise a�nee in writing. airy apP P P P� ;_';�';
<br /> __ _._::". . �postpone the due date of the mo�h►y paymenu refernd to in puagaphs 1 and 2 or ct�u ltte antount of such payments. _
<br /> �•�� -,`• 11.Bomoa•er Not Rdeased;Forbearanoe By Leader Not���siver.Eatension of the tiine for payment or mcdifi�aticor+
<br /> . . of amortirrtion of tke sums secured by this Serurity Instrument gfanted by Lender to any succesu�r in interesc of Borrower shafl�
<br /> � not o�etate to release the liability of the originai Burro�ver or Burrower s successois in intemst. Lender shali noi be required to �
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<br />• • - �� co m m�,c e prooeedings against any successor in interest oc riafuse w extend time for payment or otherwise modify amoni7ation �:_f�
<br /> � � � �'".'"^.� of tlm.aiau secured bY this Sa:urity Insttumeat by reason of any demand made by the original Borrower or Borrower s - -
<br /> . • • •'�`� yuccessots it�i�riet�t. A�+•fozbearance by l.ender in exercisin�aay righGar remedy shall not be a�vaiver af or preciude the
<br /> . exercisc of a��hCi7c mmedy "'�
<br /> 12. Saaees�{t�rr nud As�igns.Bound:doit►t and 5e�eeai Liability;Cofi�cis. 'l7te covenants and agreements of this � �
<br /> t � Securfi► Ir�smmt�t►i$hali bind and 6enefit the sucae�sois and assigns of I.ender and Burrower, subject to the provisions of
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<br /> ,. ..` � • •.� paris�iaph ��. 8orrower's oocenants and agreements shall:b�.jQint and sevetal. Any Borrower who co-sigas this Security _
<br /> •< ,�,, , . [nsmiment but dacs �ot execute the Note:Ia) is r.o-signing this Secudry [pstrument only to mongage.gra�st and convey tttat �F :
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<br /> � �•; ��'••• BorFVwer�interest�n the Progerty under the terms of this Security insmimen�(b)is not pe�sonally oblisated co pay the surt►s
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<br /> '.',,;�, ��,},{�,��S�;ty Insuu�ent:and lc)agrees that Lender and any other Bacrow•er muy agree ta eatend.madify.fofiear or �;:,i.
<br /> � • • rtr�i;�ah.�%aooumptadations with eegard to the temu of this 5e�rity Instmment or the Nate without thai Borrouer s rnnsptt: � �_.::__-
<br /> " �� ' 13.Loan�pa�gcs.If the loan secured by this Securit��tustrument is subject to a law�vhich sets mauimum loan charges. �� __
<br /> �'•,, � and that !aw is�fi,anlig•�interpreted so that the.interest or asfi�inat�,churges cropected or to be collected in connection with tha e. -
<br /> + � loan exceed the�ted limits.then:(a)any such loan c h�s s h a l l b�r�.u c a d b y t h e a m o u n t n e c e s s a c y t a r e d u ce t h e c h a r g e , � _
<br /> ������� , t r�� ` , , to the permittecf lunit:and(b)any sums alr�ady eo0eet�d fccan�c�rm�rr�sutii.ch execeded permitted limiu wi l l be re f u n d e d eo : _
<br /> ,`. �;�, •���,�,a�� •, ,,.` 8arrmver. I.ender may chonse-to m�ke this refun d by r e�.i n,a z�;����a�pa l o�v e d a n d e r t h e N o t e a r b y m a k i n g a d i r e c i
<br /> ���- x}`�4t; �, .. pa�liaefit to Borrower. If a.rt��+�.reduoes principal. the.a».i�uttiop will be treated,as a ptutiul prepayment without any � _
<br /> - ,��•..�.S�; ;��, � `�• prePal'rtient charge under tlte Nc��t.� . �;: , . '-,
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<br /> 14.Nottces.Any nasice to Eorrower pn3wiii�zi fot in this Security Instrument shdf 1a�given by deticeting it or by mailing . �,,;,:
<br /> ��� '�'� it by first ctass mail uniess applicable law c�u.i�.s�'e.qf:+:+.�ther method.The notice sh�ti!be direc3�ab:1'r�-the Property Addcess ; :.,:.:
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<br /> � ,':.' or ar�y other address Borrower designates by notice tu�l:ag�i3er. Any notice to Lee�•��a11 be giveni 4�y fttst f.��ss mail w
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<br /> • � Letsr,kas's address stated herein or any other addtess Lecsder,iii.��gnates by notice to 6ta��er. Any notice p�r�:�bd�.'G�r in this �_,
<br /> � � - �� � Se�itiy instrument shall be deemed to have been given to�E;i,�rower or l.ender when�Y��,us pravidod in this pzr��a.�
<br /> .. ' �15.Governing La�r; Severability. �'his Security Instn�ment shali be� govet�e�'tiy fedetal law and the'�aw of the ..� �`•=
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<br /> - ' ' jurisdiction in which the Property is lacated.In the event that any provis�r�n or ctau�+.of chis Serurity Instrument or the Notc �. . �_.-
<br /> ";�'':�F+�'..;.'�'� aonflicts with applicabte law.such conflict shall not affect oth�r�ntovisions of this Sea�i�y instrument or the Note which can be•'� • �:�_
<br /> °' ��'}. - ��. .: giYr�n effect without the c�onflicting pmvision.To this end the provisions of t6is Secu���t;:�nsuun►ent and the Kote are dectared
<br />_ '�'�� . >.� ta be severabte. � ,�:,�
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<br /> F � 16.Harroner's Copy.Borro�ver sha116e given one confomead copy of the Note and of this Secnrity instrument. �
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