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<br /> ��� paymente may ao longer be required.at the optton of L.ender.if mortgage inauran�e covcrage tin the amount end for the pedod i� . •
<br /> ' t that Lender requires)pmvided by an 1nsucer approved by Lender agaiu becom�uvailable and is obtained. Borrower shall pay ;, . -
<br /> the premiuma required to maintsin mortgage iasurance in effect.or to provide u loss renerve.uncil thc requirement for a�ortgage
<br /> insurarcce ends ln accordance with any wriuen agrecment betwcen Borrowet and Leader or applicable law. �
<br /> 9. Inspection.I.ender or ita agent may make reasonable enuies upon and tuspections of the Property.Lendcr shall aive �
<br /> • Bortower notice at the tlme of or prior to en inspection specifying reasonable cause for the inspection. / _^
<br /> . 10. Cdffidxea�mntlon. '17ie proceeds of any award or ciaim for damagea, dlrect or wnsequential. in connection with any;,� _•' y
<br /> oondemnation or other tatcjng of any part of the Property.or for coaveyance in lieu of coadep�aation, are hereby assigaed and �t. '.:�
<br /> ��:,•:
<br /> ' shall be paid to Lender. �"
<br /> In the event of a total taking of the Property.the proceeds sha11 be applied to the sums secured by thls Security Instrument. ;�.,�_:`=:
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<br /> ��. whether or not then due. with any excess paid to Borrower. Ia the event of a partial taking of the Property in which the fair r:.. _.
<br /> ���,�� �narket value of the Pmperty immedtately before the takiug is equa! to or g,ceater than the amount of the swns secured by thisQ �;.--.
<br /> „ - � Security Instrument immediately before tbe taking.unless Borrawer aad I.ender oiherwise agrec in writing, the sums secured by =-'----
<br /> this Seciuiry Instrument shaU be reduced by the amount of the pr�s muldplied by the foUowing fraction: (a)the total R�
<br /> • � amount of the sums secured immediately before the taidng,divided by (b)the fair market value of the Property iramediately �;,:.
<br /> ; { . before the taking. Any balance shall be paid to Borrower. In the eveat of a partial taking of the Property in which the fair `�:.;�
<br /> , fi� market value oF the Property immediacely before the tatain$is less than the amount of tbe sumv secured Immediately before the '
<br />-^�' taking, unless Borrower and LSmder othecwise agree in ivrlting or ualeas applicable law othenvise pravldes,the proceecis shall ,�:-J..
<br /> � ! :::
<br /> 1 ,t ,�.; ,, be applied to the sums se�ured b�y this Se�udty Iastrument whether ar not the sums ace tben due. � ��
<br />,,n�;h'"' �''_�.,'` If the Property is abandatizd by Botto�vec,or if, after nolice by L�tder to i3onower that the condamaor offers to malce am ,
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<br /> '-�'�:���'� ;�:� awaM or settle a ctaim for damages,Sortower fails to respond to l�ender within 30 days after the date the notice is giveu,
<br />::<i.'°' . '
<br />_z�,;t• I�ender is suthorized to coUect and apply the proceeds.at ics optioa,either w reawratioa or repair of the Property or to the sums
<br />-;i`.'�` se�ured by thts Security Instrument,whether or not then due. _—
<br /> ' � Unless Lender aad Bomower othenvtse agcee ia writing, aaY aPPlic�on of proceeds to principal shaU nat extend or
<br />- postpone the due date of the mAnthly paymenu referred to in paragrRphs 1 and 2 or change the amount o f s u c h payments•
<br /> ��` 21.Bormwer Not Released;Forbareace By I.ender Nmt a Watva.Bxtenslon of the time for payment or axod9fic�uion
<br /> ' � , t of amortizat3on of the sums secured by tLfa 3ecurlty Insuvment granud by Lender to any succeasor in intenat of Borrower shall
<br /> _ not operate w release the liability of the origtaal Borrower or Bornnwer's successors in intereat. L,ender shall ttot be requiecd to
<br /> ' :' commance proceedinga againac aay successor in inurest or refuse to extend time for Qayment or otherwlse modify amortization
<br /> `�''' of the sums secured by ttda 5aurlcy Iaurucaent by reasoa of aay demaad made by the original Borrower or Borrower's
<br /> iR- " -Y __ _ ;ucc��ers fa lsusrsst. Any f4rb!�c�� hy iinder Ia exercisinst sny rlFJit or nmMY shall not be a wetver of or preclude the `
<br /> � • eaercise of any dgbt or e+emedy.
<br />-,;.�;`� � 12. Sucas�ore ond Ass18nv Bound; Jotat and Several LiabiUty; Co-signers.The coveaants and agreernents of[his
<br /> d.•t�: � Securiry Insuument shall biad and benefit the successors and assigas of Leadtr anal Bormwer, subjx3 to the pmvisions of
<br /> •� �• �� paragraph 17. Botrower's covenaats and agreements shall be joint aad several. Any Borrower who co•sigUs this SecurltY
<br />'=��"�;`r::1� in �men
<br /> ---.. �!-•�,-,�,,,� Tr�tn�ment but dces aot execute the Note: (a)is ca-signin,g this Security a�.: t only w mortgage,grant�and convey thet
<br /> ,'�';;�,�`'':.. Botrower's interest ia the Property undec the terms of this Secudry iasm�ment:(b)is noi personaliy obtigated w pay the aums
<br />-�=�'•,7���
<br /> securad by this Security Instcument:aud(c) agrees that Lender and aay other Borrower may a�gCee w eatead.modify,forbear or
<br /> `�,.`-,�±�,`� make any accommodaiions with regard to the urms of this Sec�ulty Insuument or the Note without that Borrower's consent.
<br /> ;�.:�_
<br /> �;„;.Y x�� 13.I.a+n Chae�es.1!the loan sesured by this Secudty Insaument is subject to a law which sets maximwn loan cl�arges,
<br />=-_�:j:�F:��•a5�• and that law is flnaUy inteipretod so thatthe intenst or other loan charges caUected or to be oollected in conaection with the
<br />��'r._�y��� loan eaceed the permitted limits,then: (a)aay such loan charge shafl be redpced Ey the amount necessary w reduce the charge
<br /> L�����.� to the permiued 19mit;and(b)anY sums alna�dy colleaed from&riiower which exceeded permitted limits wiA be reftutded to
<br /> ;,;,R, Borrower. I.euder may choose to make this refund by.m.ducing the princtpat owed under the Note or by malctng a direct
<br />�:_,.... -- payment w Borrower. If a refuad rednoes principal. tbe reducSon will be qreat�d as a partial pcepayment without any
<br />�a��� P�Y�t�e uader the Note.
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<br /> 14.Notfccs.Aay aatice to Borrowu pzovided foi in this Security Instn�ment sball be given by deliverin$it or by mailing
<br />;�� it by tirsc claas wail unless ap�licable laa:+equires use of another method.The notioe aLe11 be directed to the ProPenY Address
<br /> ,,:,W�•:�---
<br />�-t�=" �r� or any other address Bono�+er desigmates by notice to Leader. Any norice to➢�ruder shell be given by first class mail to,,, "-='
<br />`A.�i� - �Lender's addresa sta�od herein or any other address Leader designaus by notice to Borrower. .Any aotice provided for in� ' ��Y
<br />���=��;:� Security Insorument shaU i�dexmed to Lave been given co Borrower or Lender when given as provtded in thts paragraph. ,�.,
<br /> - .�� — 1S.Governing I.aw► SevcraMl6ty. 71�is Security Insuument shail be governed by federnl law aad the law o8 th
<br />__..�.,,,,�� judsdicdon in which the Propeny is located.Ia the eveat that any provlsion or clause of this Secudty Insuument or the Noi�� �
<br />�"''�='�--' °���� conAicts with applicable law,such oonfl�t s1�all not affect other provisions of this SecurIry Instrument or the Note which can b�;,� _
<br />����9 givea effect without the conflicdng Provision.To this end the provtsions of this Security Instrument and the Note ace declazed � , _
<br /> •_,.�;:�ri='•'�:
<br /> �::.:.,::.�'?''��,�� to be severable.
<br />:� , . 16.Bon+ower's Cop�y.Barc�ower s5a11 be given one conformed copy of the Note and of this Se�utity Insuument. --
<br /> - � Fom18o28 8180
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