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<br />_ � � :' RE•R�COROE,� �� �- ��y�$��1 =
<br /> -4 , paymeuta may no longer bs required, at the optio`n�oY Len/d�e�rGfa�mortg g�e insur�nce covernge t�►�e tu�aount and for the per od _
<br /> ��,� that Lender requirea)pmvided by an iusurer opproved by Lender agAin becomes av�ilablo�nd is obteined.Borrower shall pay u
<br /> � the preruiumq t�uired to malntain mortgagc inaurance in effect,ar ro provide a losa reserve,until the requirement for mortgage =
<br /> � � .,� :; insurance enda fa a�cordance with any wdttea agreement between Borrawer and I.ender or applIcnble lnw. _
<br /> 9.InspecHon.Lender or ite agent may make reasonable entrles upon and inspections of the Ptoperty. Lender sh�il glve
<br /> _.. R��.. Ba:rower notic�et the time of or prior to an inspectton specifyiag reasonable cause for the ltupdcdon. �
<br /> 10.Cottdemnatlon.'Ihe pmceeda of uay award or claim for damages. direct or coasequenti�t, ia connection wiW aay -
<br /> � �,±:'.�� oondemnatioa or other taking of any part of the Property.or tor conveyaace in lieu of condemnation,are hereby assigneil and :
<br /> . � ahatl be paid to I.ender.
<br />- - In We event oY a total tekiag of the Property.the prac�ds shall be applied to the sums secured by this Secudty Instrument,
<br />- .w� wttether or not then due,with aay excess pa�d to Borrower. la the eveat of a partial taking of tha Property ip which the fair
<br /> } market value of the Property inomediately before the taldn�is equal w or greater than tbe acnount of the suras secured by this _
<br /> Secudty Instrumsnt immediately befon the taking,uuless Borrawer and Lender otherwise agree in writing,tt►e s�►ms secured by =-
<br /> u this Secudty Instsument ehaU be reduced by the amount of the proceeds muldplled by the following fractIon: (a)the totei =
<br /> � . amount of the sums secured immediately before the taking,divided by(b)the fair caarket value of the Property iramediately _
<br /> �� ' �. , before the taking. Any balance shall be paid to Borrower. In tke event of a partial ta�Clag of the Property in which tt�e fa9r
<br /> cparket value of the Property immediately beforc the taking Is less than tbe amouat of thc sums secured imraediately before che
<br /> � taking,unless Borrower acul Lender otherwise agree in wrlting or unless applicable law othetwise provides,the proceeds shall
<br /> ::::'i�' "�• be apPlfed to the swns se�.,ut+ed by this Se�urIty 1ns[rument whaher or not the sums are then due.
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<br /> -ti=� �. � ` If the Properiy is ab2ndoned by Borrower,or if,after nodce by I.cader to Bormwer that the condewnor offers to make an
<br />'_?i`;.•.�"' award or settle a claim for dama$es, Borrower fails to respond w Lender within 30 days after the dme the noticc is$iven,
<br /> �'"����' �"� '� I.ender is authorized to caUect and 1 the mceeds,at its o tion,either to restoratioa or repair of the Property or to We aums
<br /> :,.,. � aPP Y P P
<br /> secured by this Secuclty iasuument.whether or not then due. lication of roceeds to princi al shaU aot extend or
<br />=�.;,:;,5;�;�;; UNess I.ender and Borrower otherwlse agree in wdtin8, �Y aPP P P
<br /> ' ' ,.�� posipoae the due date of the monthly payazents referred to in patagraphs i and 2 or chaage the amount of such paymeats.
<br />��^-;"`V� 11.Bon+ower Not Released;Forbesrance By I.ender Not a Wuiver.Extension of the time for payment or modification
<br />� . `� i of amortjzation of the sun�s seaued by this Secur[ty Instnuaent granted by I.eader to aay successor in interest of Borrower ahall
<br />��'�`'�. aot operate to release the Iiability of�he orlginal Borrower or Borrower's suxessors ia interest.I.ender shall aat be reqnired to
<br />�.,_,,_,-,�
<br />--;� .��, comm�znce pmceedIngs against any successor in iaterest or reft�se ta extend tlme for paymeat or otherwise modifyr amortizatioa
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<br /> ���:f� of the sums secured by this Securlty Insmuaent by reason of any dewand made by the orlginal Boirower or Borrower s
<br />'•-`-�����_':� - , �ssors in lnterest. Any forb�rance by Lender in exercising any right or remedy shaU not be a waiver of or preclade the
<br />�_�:. '¢�dS�-
<br />�:;f;�S�..,� e�cercise of aay right or remedy.
<br />.�^�. :' t iZ. Sttcoessore and Assigas Houndi Joiat and Several LlabWty;Co-signers. The covenants and agceements of thls
<br />�;;� � Security Iasuument shall bind and beneSt the successors and asslgas of Leader And Borrower, subjoct to the provisions of
<br /> -=�--'� Paragraph 17. Borrower's covenants aad agreernents sha�1 be joint and several. Any Borrower wha oasIgas thia Security
<br />�.��c�� Instzurnent but ciaes aot exewte the Nate:(a)is casigaiag this Se�udty 1t�strumeut on1Y w mortgage. graat and convey that
<br /> ---- - Borrower's interest ia the Prop�ty nnder the terms of this Secnrlty Inatrument;(b)ls aot peraonally obligatad to pay the sums
<br />�,,;�„��,� secured by thia Secudty Insuument:and(c)agrees that Yxnder sad any other Boirower may agtee to eMead.modifY.forbear or
<br />__-���_--- malce any accommodations wlth resard to the temas of this Secudty Instniment or the Note without that Boaower's eonseat.
<br /> __..,.:,��y�,� 13.Loau Cbarges.If the loan socus�ed by this Security Insuument is subjoct to a law which sets maximaim loan chaxges, .
<br /> °°_��''� aad that law!s�inaUy laterpreted so thai the Interest or other loaa charges ooUocted or w be o�llected in connect�on with the �
<br />`":�,�� loan exceed the pern�itted limits.then:(a)any such loan charge shall be reduoad by the amount necessary to reduce the charge
<br />_.�� _ to the permittod liaait:and tb)anY sumg alreadY ooAecxed from Hormwer which exceeded penaitted limits wiU be refi�aded to
<br /> =��� Borcower. Leader may c�oose to malce this refimd by reducing the principa►owed under We Note or by mattng a dine�t
<br /> __.�._ payment w Em�rowex. If a reR�ad reduces principal. the reductioa wUl be treated as a Qartial PreP8Y�t without any
<br /> -w Prepayment,ch�rge under the Note.
<br />��� 14.Idoticcs.Any aotice w Borrower pmvided for in this Securlry Insuument shall be givea by deliverla,g it or by uosiling
<br />- -- ---� It by first elass mail unless applicable law requires use of another method.'�e no2tce shall be dlrected to the Property Address
<br />-� or any other addcess Bomower designates by notice to Lender. Any aodce to Leader shall be given by first class maii to
<br /> _ - Lcadcr's�d�stssed hereiu or any other address Lender desi�ates by aotice to Bo:rower.Any notice pmvided for in thls
<br /> �m Sec+u�ity Instnuneat shaU be desmod ta have been given to Bon+ower or Lender when given as pmvidod in this paragraph.
<br />_:�.�� 15.GovermJng Law; SeverabWty. 1!i!s Secudty Iasttument ahall be govecaiad by federal la.w aad the law of the
<br /> i�� � jurisdiWon in which the Property is located.In the event that aay provision or olaase of this Secadty Inshunwnt or the Note
<br />� conflicta with epplicable law,such conflid shall not affect other pmvlsions of this Security Iasuument or the Note wl�ch can be
<br />--�����.� givea effect wtthont the wnflicdng pmvision.To this end the provisions of this Security lnsuument and the Note are de�laced
<br />� _i��.�- to be sovera4�le.
<br />�:�a:_i};�~ 16.�azrosyer's Copy.Bormwer shall be given one confo�ed wpy of the Note aad of this Secudty Iastn�ment.
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