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<br /> . -... �. ° °�` paym�us may Qa longer be cequire�.at the aption of Leader.if caortgage iasurance cover¢ge(in the amount aad for the periad .
<br /> � �: � � . tbat IcnGer r�uires)Providod by an insumr approved by Lender�gain 6eoomes avaitable tmd is obtained. Bo:rower shall P�Y
<br /> ( '� �� 't� the praniums cequimd to maintaia mortgage instuanoe in effoct.or to pmvide a toss resenre.until the r�nirem�t fpr anoztgage
<br /> insurur�ends in eccordanoe with any written agrrement Detrveen Borrower and l.ender or apgficable law.
<br /> • ` , 9.Icup�ttoa.Lender or it5 ageat may make ceasanable enaies upon azcd iaspections of the Pmpecty.L�nder�hail give ...
<br /> Borrower nodoe at the time of or prior w an inspectioa sp�ifying rea�nnaDte causs for the i�ection. . „•,�
<br /> . ��` �' 10.�ondemnattan.The proceeds of atry award or claim for damages.di�+ec[or wnsequential. in connection with any . .
<br /> ' ;_���� oondemnatian or othet taldng of any part of the Propetty.or for wnveyance in lieu af condemnation.are hereby assigned asid .
<br /> —F �- shatl be paid to lxnder. •�t`
<br /> In thc eveat of a tatai tatcit►g of the Pmperty,the prc�ceeds slrafl be applied to the sumS setured by this Secvrity Instrument. ,. :t'
<br /> . ' -�j ' w4eiher or aot thco due. with any e�ccess paid to Sorrower. In the even[of a paitial taking of the Propesly in whish the fair ',:.
<br /> market vatue of the Pnope�ty immediately before the taking is equal to or gmater than tIie amount of the svms se�ured by tLis •.. =
<br /> . � ge�urIcy Inspument imatediately befote the taking.untess Barnuwer and l�nder oYhezwise agree in writing.the sams seraued by �`'=:
<br /> ` . this Security Instnuneni shall be cedaced by the amuunt of the proceeds mWtiplied by the following fiaction: (a) the total �,�-
<br /> ' . amount of the sams secured�mmediately before the taldng,divided by(b)the fair markd value of the Property immediately �__
<br /> ' ���1� �"` before the taking. My balance shall 6e paid to Borrower. 1n the event of a partial taking of the Property in ar6ich the fais � ti-;
<br /> � � � maricet valne of the Property immediate[y 6efore the talc�a�is less than the amonnt of the spms s�immediately 6efore the �:'''
<br /> �,..--:..
<br /> taking.unless Bonower and l.ender othenvise agree in writing or unless applicable taw otherwiss provides,the prace�ds shall �_.:_
<br /> �;. .
<br /> - . - 6e applied to the snms secure�by tlus SecuritY In-stru�t wket�r or not the sums art t6ea dae.
<br /> ` If the property is abaadoned Ay Somower.or if.after nodce by Lender to Borroarer that the oondemnor offers to make au �`'_-
<br /> • aw�rd or settle�a cisim for damages. Boirower faits to respond to Lender within 30,days atier the date the notice is g�veu. �-_
<br /> .. Ix�er is authori�w ooltect aad apply tlie prnoee�ts.at its apiion.either to mstoration or repair of t6e Pt+operty or to the sams �`_;'
<br /> , < """ :". � secured by Wis Seauity Uistntmert.whdher or not theu dne. � • �-:
<br /> ;;... Untess Lender and Borrower otbe�rise agree in writing, eaY aPPUCadon of praceeds to p:incipat shal! aot extead or
<br /> ' t,,. ..�j.. posepone the dae date d the monthlY PaYmenu referrad w in patagraphs 1 and Z or change the amount of such payme�s. �`� -
<br /> c-_;:.
<br /> 1 1.B o r r o vi c e r N at Iteleased;Fosbearan�e B y Lendec lelot a Waiver.Exteasioa of t6e time for payment or r�diScation �;_,.:
<br /> �.. � ..�"` � {' of amnrti2arion of the svms secared by t1�is 5ecuaty Instzumeut granted by Lender w aay snxessor in interest of Boirower s6aU �`"
<br /> �".4., ..
<br /> - .�!: aot oper.�e to�tease t6e liab�ity of the origi�l Bomawer or Borrower's socoessars in iniece�t.Lender sLaU not tse ir.quired W �_
<br /> ��"_ ,'��".�t apmmen�Pmoe�:�-�.$s agdinst 1t►Y sttocessor in'interest oT refuse[o ea[end time for paymeut oz othetwis�modifj►EmortizalioA r
<br /> <_. .' ; :
<br /> • af the sams s�r�t.G�n;�xhis Seauity Insnumesa by reason of a�r deara�-r� made by the original�ortrower or Botrower's . �;-
<br /> . ` :�= sn�s in iatzre�..�lny forbeaiance by Lendzs in exercisi�g any right or remedy shall not be a waiver of or prectade the -
<br /> . - •;.��';: � `���� exercis��f any rigtu or remedy. '-
<br /> . ,.. � : :��;�;� � �.sII���a a��so�a; aome �a sey� t�a�; c��. The oov�nants and agzeeaneats af this �.
<br />- • Securiry instniment sLaU bind aad benefit the successors and assigns of I.ender and Borrower, subject to the pmvisions of � ..,
<br /> � -- -t� parag�aph 17. Horrawer's cavenants and agreemeats shall be joini and seve�al. My Borrower wko casi�ns tl�iis Sewrity _
<br /> � _:( ' Iastrument 6ut does not execate the Note: (a)is co-signing this Security Insuument oniy to martgage.grant and oonvey that
<br /> � • ' � . �;: Boaun�s s interest ia t1�e Properly under the tenns of this Security Insbument;(b)is not peisonalty obiigated to pay t�e snms �,.,
<br /> � ' � `�t soc�,{�y tlus Sec�vity Instrament;aud(c)agrces that L.ender and arry other Bors�wer may agree to extend,modify.foibear or .--- -
<br /> ��• ��� make asry acoomawdations with regard to the terms of this Securiry Instrument or the Note without that$orrower's oonsent. . � -.
<br /> ° . • .�`�' 13. Loan Ct�g�.If the toan secured by this Sec�uity Instrament is sub3ect to a law whIch sets�aaimum loan ch�ges. =_. .
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<br /> �� � ��s and that law is finally interpreted so that the interest or other loan«�arges coflected or to be oolleae�fin wanecdon with the
<br /> . • '�..� loan e�as�the permitted limits.then:(a)any such toan charge shall be reduced by the ammmt necessary w reduce the c h a r ge
<br /> .� �:r;,�r` .:'• ��� to the perrt►itted lunit:and(b)any sums already colt�from Borrower aRich exoeeded Qermitted limits will be refunded to
<br /> ' Borrower. L�tder may choose to malce this refund by reducing the principal owed vnder the Note or by maktn$ a direcx _
<br /> , � '��. Qaymeat to Borrower. If a r+cfand reduoes �+ir�ipal. the reduction a+iU 6e t�eated as a partial �yment withoat a�►y ---
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<br /> . . ;��` P�P�t charge under the Note:,.. � � --
<br /> � �.'��(' 14.1Vo�oe9.My notice to I�c�ower provided for in th,i�a�uriry Ynsm�meat shall be given by delivering it or 6�r mailing , �-.
<br />- . � it by first class mail unless applicaisIe law requires use of a�tl�ea method.'E7te notice shall be directed to tAe Pcopetij/A�dress @�_.
<br /> . � or any other address Borrower designates by nodce to,I��. Arry notice to Lender shall be g�ven by firat class maii to --
<br />�� .�. .`� :�; Lender's address stated herein or anyr ot$er address Lender designates 6y aotit�to Borrower. My natice provided for in this =
<br /> Securily Instrumett.QI"i:r,'.1 be deemed to have beax given to Bar.ower or�a arhen given as pmvideQ in this paragra�h. , ^ .
<br /> ,�;;,� '.� ; �Gavesning �w; S�u��.bility. 'i9�is 5ecuriry Grsr..r.:vr.�ent shall�be govemed by foderal�taw and the:law of the �
<br /> '. .�lr''?;�' ` �'. :} ; ja�tion in whicit the Prop�is�located:In the event�tttuC:�y provision or clause of this Security Instrument or the Note �=•
<br /> ;:.l��i�.: .
<br /> - • � ' �r�` eanflicts with applieable law,such eonflic�shall aot affect other provisions of this 5�urity inspument or the Note which can.be . �_ �
<br />— " � •`.� given effect without the conflicting provision,Y�this end the provisians of this Security instrument a�the Note are declared �'•
<br /> '' � � F to ee saverabte. � ��
<br /> :c;l.��_,�• ' . :E tb.Borrowe�s Copy.Bormwer shall be given one confommed copy of the Note and of this Secutity Inswment. �' �
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