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<br /> paymcnts may no longcr bc rcquircd.at thc opdon of Lcndcr,if mortgagc insUrancc covcragc(in thc amount and for thc period
<br /> :�, thet Lendcr rcqulres)provided by an Insurcr epprovcd Ly i.ai��ic�ugat-�tu.amcs av�llabla.:ssd!.°.obtssslL�.gotT�wn!sh�l��y th� .
<br /> premiums rcquired to meintain mortgagc insurance in cffcct, or to providc a loss rescrvc,undl thc requucment for mortgagc
<br /> '<<.,,. insurance ends in accordance with any wriuen agreement betwecn Bonower und Lender or appUcable lu��r• �nder shall give -
<br /> 9.Inspectton. Lcndu or its egent may makc rcasonable enMcs upon and inspecdons of thc PropercY• _
<br /> Boaowcr notice at the time of or prior to an inspocdon spccify�ng rcasonable causc for thc inspocdon. �;--
<br /> � , 10.Condemnwtbn. The proceeds af any award or claim for damages, direct or consequential, in connecaon wlth eny .-t�-
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<br /> condemnadon�r other taking of any part of the Propecty, or for comeyance in Ueu of condemnat�on,arc hereby assigned an _
<br /> ° shall be p�id to Lender. :�
<br /> In the event of a wtal takfng of the Property,the procccds shaU bc applied co ihc sums sccured by this Securlty Instrument, _..
<br /> ' ~� whether or not then due,with any eaccess paid to Borrowcr.In the evcnt of a partlal tekin8 of the Property in which U�e fair market � -_
<br /> �"-
<br /> , value of the Property immediately before the taking is equal co or greater than the amount of thc sums securcd by this Sccurlty =
<br /> � Insuument immedie,tcly bcfore��e taking, unless Borrower and L.ender otherwise agree in writing, the sums securcd by this =:
<br /> - Securiry Insuument shall be reduced by the amount of the proceeds multiplied by the fallowing fraction:(a)the total amount of :,
<br /> � � the sums secured immedietely before thc taktng,divided by (b)the fatr market value of the Property immedlately before thc =-
<br /> ' "� � taking.Any balnnce shall be patd to Bottower.In the event of a psutial taking of the Property in which the fair market value of the �-�
<br /> � ' property fmmediately before the taking is less U�an the amount of the sum� secured immedlately beforc the taktng. unless �_
<br /> • ' Borrower and Lender othuwise agree in wrltlr►g or unless appHcable law othernise pmvides,the proceed.s shaU be applied w the _
<br /> ° si►ms sectued by this Securlry Instnunent whether or not the sums are then due. ��,
<br /> ��� : .� If the Property is abandoned by Borrower,or if,after nodce by Lender to Borrower that the condemnor offers to make an -
<br /> � ; award or seWe a claim for damage,c,Bottower fails to respond to L.ender within 30 days after the date the noflce is given,I.ender �
<br />= . is authorized to collect and apply the proceeds.at its opdon,either to mscoration or repair of the Propert}+or to d�e snms secured
<br />-.-�*�`-•;. by this Security Instrument,whether or not then due.
<br /> � Unless Lender and Bo;rower otherwise agree in wridn8�anY aPPllcarion of proceeds to pru►cipal shaU not extend or postpone
<br /> � "7� �`;°°� the due data of the monthly payments referred to In paragraphs 1 and 2 or change the amount of such payments.
<br />-.��h.:i� : 11.Borrower Not Rekased;Forbearance By Lender Not A Waiver. Extension of the time for payinent or modificadon
<br />- of amorttaadon of the sums se�ured by this Securiry Instrument granted by I.ender to any successor in interest of Bonower shall
<br />�'�•�``."'r`'� not operate W release thc IiabUity of the odginal Bo�rower or Borrower's successors in interes[.Lcnd�r�iu+u��at�rcqulrc�i us
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<br /> _,-�.c ,:.:• . commence proceedings against any successor in interest or refuse to extend tims for payment or othetwlse modify amo ' n of
<br /> `���'�:'i: �' the s�uns secomd by this Security Insunment by reasan of any demand made by the odginel Borrower or Bomnwu's successors
<br /> —c-
<br />---""�R•^`TZ� � in intec�est Any forbearance by Lender in eaercising any right or remedy shaU not be a waiver of or preclude thc ex�rcise o any
<br /> ';��•..
<br /> . .,v;,:;:;'n right or remedy.
<br /> -�r : 12.Successors Aad Assigas Bound;Joint and Several Ltability;Casigners. The covenants and agn�emeats of this
<br /> �.,�cr_.���.: .
<br /> _,;:,,,,� Security Tnstrument shall bind and bencfit the successors end assigns of Lender and Borrower, subject to the provisions of
<br />__��;:-;n-.�•;� � paragraph 17. Borrower's r,ovenants and agreEments sha11 be jo'nt and several. Any Borrower who co-signs this Se�urity
<br /> sr�:-:�:-:-� Insuument but does not execute the Note: (a) is co-signing d►1s Secur►ty Inswmcnt only to mortgage,grant and convey that
<br /> =�;;<,�' Botrower's inurest in tbe Property under thc terms of this Security Instn�ment; (b)fs not pusonally obligaud to pay We sums
<br />��"------�--�=`—'�� secured by this Securlty lnsuument;and(c)agrees that L.ender and any other Borrowu may ag�ee to extend,modify,forbear or
<br /> __.�_���,�� make any accommadet+ioos wi�h regerd to the te�ms of this Security Instrument or the Note withaut that Bomower's consent
<br /> :;�y;�:� 13.Loan Charges. If the loan secured by this Securiry Insuument is subject to a law which sets maximum loan charges.
<br /> - and that law is finally inteipreted so that the i�►unst or otha loan charges collected or w be collected in connection witb the loan =
<br /> --`�=�� exceed the pumtu,ed limits, then:(a)any such loan chazge shall be reduced by the amount necessary to reduce the charge to the
<br /> --y ��.. �miued Wni�and(b)any sums already collected from Borrower which excceded permiuc4llmits will be refunded to Borrower.
<br /> '�Y�'�� L,ender may choose to make this refund by mducing the principal owed under the Nou or by msking a direct payment to
<br /> �-`��� Boirower. If a refund reduces principal, the reducdon will be treated as a parrial prepayment without any prepayment charge
<br /> -==��.s� under ihe Note.
<br /> _..,�.,,,�„�� 14.Notioes. My notice to Borrower provided for in this Security Instrument shall be give�by delivering It or by mailu�g it
<br /> -_�.:"��..�.'� by first class majl unless appUcabk law requires use of another method.'11ie notice shaU be direcced to the Prope,rty Address or
<br /> _=`��-� any otha address Borrower designates by notice to Lcnder.Any notice to L,ender shall be given by first class mail to Lender's
<br />- '�;�.,�..:
<br /> =�k`,.'•,t,��,5": address stated hereIn or any other addmss Lender designates by nodce to Bomower. Any notice provided for in this Security i
<br /> `:: .:. ._. Instrument shall be deemed w have bcen given to Borrower or Lender when given as pmvidcd in this paragraph.
<br /> = � � 15.Governieg Law;Severabil�ty. 'Ihis Security Instrument shall be govcmcd by fedcral law and the law of thc _—
<br /> jnrisdiction in which the Property is locatsd. In the event that any provision or clause of this Secnriry Instrument or the Note --
<br />-- wnflicu with applicable law,such conflict shall not affect other provisions of this Security Insttument or the Note which can be --
<br /> � , given effect without the conflicting provision.To this end the provisions of ihis Security Inshument and the Note ane declared to ___
<br /> lsc sevcrabte. �:-
<br /> � Form sOZd 9il0 �r W;;.
<br /> �-6R(NE)�a2+21.0� aaa•�oi e initiau: �,'��
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