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<br /> �^ at the option oi'Leader. i��uort�age ins�e�nce wvera$e(in the amount aad fcr the�esiod thut I.ender re�ires) ---• —
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<br />.�:.-°,.�:��&:~ ` ,�� prov��by aa it�surer approve8 by I.ender agaia becomes evailable aad is alstsined:Battowet ehall gay ihe p�emiums • •�_�
<br /> . ��< � ' requir�d du maintsin mortgage 3asurance 3n e�feck ar to provide a toss sPServ�uatil the req�irement for mor=gage
<br /> r i� imsuraaceea�'s ia accordance witb aug�vrittea agrcement between Borrower gnd Leader or applicabte law. �
<br /> �,�::�-�--� 9�spection.Leader or i4s agent may make reasonable entri�s�gon sad iaspectia�af the Property.Lender shall �' -
<br /> =- .r-- � give E�ro�ve�nntioe at the time af or prior to an iasp$ctioA specif�inS r�sonable cavse for the insgection � -
<br /> *�_: , ' 1Q Cond�etioa.The pmce�ds of aay awatd ar cyaim for damages.d'u�t or consequential.�t ooanecEioa witb �
<br /> �- •. '� � anp condemnatioa or oiher takiag of anp gart of the ProgertF,or for convepance in lIeu o�condemuation,a�hereby
<br /> : � � � assigned and sl�ll be paid to Lender. , `' `�_.
<br /> : a,:
<br /> • _ �, �,�, In the event o#a iotal takipg of the Property.the Praceeds shall be applietl to.tbe susns se�ued hp tbis 3ecuritq •. ,
<br /> , .. � :• ;. ., r�m�;�n�ner�not��au�,���y���a�a���.Iu the event of a parcial taking of the Propertp ia � `. '�w�_:
<br /> . ' which`ttie fais inasket value of the Property immediatetp t�efore the taking is equal us.ar greater than the sinouat of t h e
<br /> '•+ : . � � sums secured by thie Secvritq Instrument9mmediately before the taking�unlese Borrower and I.ender ot&erwise agte�s �,�-�;_;<;
<br /> ,,�`�� , i�vmtiag,the aums secured bp ttus Security Iastrument shal!be reduoed b�r the amouat of ihe proceeds multip]ied bp ..��
<br /> � the foltowing fiaation:{a�the tutsl amount pf the sums secured immefliatelq before the te�ing.divided by(b)the fair ��
<br /> ' � market value of the Frnperty iaimediately befare the takiag.Any balance shell be paid-w Borrower.Ia�he eveat bf a —
<br /> ;.�.� ' gastial taking of ihe Properly ia whic�the fair market valua of the Pmperiy immeidiately 6�for`�tDe tatoing is tesa thaa. �, _
<br /> � �. Y the amount of the sums s$cur�i�mediateip be4ore the Yakin�unfess Bosrower and Leader otherwise agcee in writing. � r..� ..
<br /> - , _��.'� ar �r�agplicahte Iaw othervrise ptovid�. th$ pruceeds shalt tte appfied w the sums'secured by this Securitp -
<br /> Iasiti�ment whether or not the sums are thet►due. ,;..
<br /> "€ �I�the Pr4PertY is ab�ed bg Bormwer,or if.after notice tsy Lender ta Hmr+awer that the conde�mor offers to -
<br /> _..... . :..�.�-. - -
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<br /> . � .h 5 maTce aa eivsrd ar settte a claim for darriages.Bosroner fa�s to respond w I�ender withia 30 dape after�itie date the , ,
<br /> r � nQtice ia g►vesi,Leader is suthasizea to coltecE sud appip�he proc�tds,at its option.ei�er to restoration or r�pair of the � . .
<br /> ��":.�; � Properiy ar to the aums secured by thia Secarit9lns�umene.vrhether or nos then dus. � . . ::_ ;
<br /> � .` � Unte�T:eader azcd Bostawei otherwise agrEe in writing,et►Y applicatioa o€proceeds to priacipal shall not eatend or ` r___:
<br /> t .� � �.: ��: .,pastpone the dtra dats of tk�taonthlY PaYmeata refemed to ia ParagraPhs 1 aad 2 or change the amouat of sucb -_
<br /> ": , payments. ' -_-
<br /> .'t..` . 1 Y.HoYSOVSes Not Aeleesed:FoYbearaace By I.ender Not a Waiver.F.atensiog of the time for gaymeat or . _ . '�--
<br /> ' ` ��.,� madificasioa of r;martizatioa of tha sums secured 6q t�ia Security Instr�ment graated Tsp I,ender to any sua�ssor ia -°--
<br /> ,� . �
<br /> �C; inLeresx of Basr�wer aha12 aot aperate to release the liabiliry of the otigtnal Borrocver ar Balrocvei's aucc�ors in . --
<br /> ; intenest.I.euder sbaU nat be r�uired tv commeace.praceedia�against a�y aucc�sor in interest or refuse to esiead i._
<br /> ��•�? time for payment or otherwise madify emorti��tion of the sums secured by this Seeurity Inawmeat bp zeason of any _ ,;;:.
<br /> . ;'� . ` � demau�made bp the originat Borro�er or Borrower's succ�ors ia iater�st.Any forbearance by Lender is�eaercising � ��"='
<br /> , � �`? aap right or temedq sball aot be a waiver of os pre�lude the esercise of anp right ar remedq. � � ^;.
<br /> - ::,•;; 1Z.3uecessora�d Assign�Houad;)oiat ead Sevesa!Liability;Ca�sigaers.The coveaaate and agreemeats .
<br /> �.'���.,:�_
<br /> : � of this Sec'�uity Iustrument ehaU biad and berie�t the auccessors aAd asaigns oi Lender eud Horrawer.subject xa the �_::�.,
<br /> ����° : , provisioas o4 garagraph l7.Bortower's coveaants and agree�ents eball be joiat sud several.Any Bonower who co-signs . _
<br /> . ` this Security Instrument but does aot esecute tha Note: ta) is co-signing xhis S�cunitq Instsument only to mortgage� , _�,°
<br /> . .. � � grant and convey that Borrowe�s interest in the Propertp under the tetms af this Security Iastrumen�lb� is not ' . . .._�.�
<br /> . � � ; personaily obligated to pay the seims secured by this SecUritp Instrurnent;and (c)agre�that Leader eud any other
<br /> � Bortowet may agree to extend.modify,forbear or make any acco:smodations with regard to tt�a terma oY this Securitq _ � _
<br /> - � Instsu:aentor the Note withouttl�t Borrower's c�nsen� . � � ---
<br /> . • . ' ' � 13.Loan Cherges.If the loan sec�ued by this Sec�uri�q Insstnrment is subixci to a 1aw which sets masimuni loan , . :
<br /> � charges.attd that lew is finaltq iaterpr+eted sv that the intsrest or other toan charges cbliected or to be collected in :.-
<br />- ' conaection with tAe toan esceed the permitted limits,then: (a)any such loan charge shall be redaced bp the amount . .'''
<br /> - . . � '�� necessarq to redu�e the charge to the germitted limit; and (by any sums slready collected Ymm $orrowet which .�', ,,.'_
<br /> � • ' esceeded permitted limits will be refunded to Borrower.Lender may choose m matce tLia refund by reducing the . .. ,
<br /> . .. principal owed under the Note or by making a direct payment tu Borrower.If a refuAd reducea priacipal,tha reductioA ��: ., :
<br />_ .' - � wiU bo treated as a partisl prep�Yrnent without any prepayntent charga under the Nots.
<br /> •• � 14.Noticea.Any�otice w Borrower provided for in this Security lnstrument shari be�iven by delivering it or by, - �
<br /> � :. � :�; mailisag it by fiist class mail unless applicable law requires us�e of auother method.The natica ehall b,e clirected to tha. .. ;
<br /> � � Propertq Address os anq other addresa��rower designat�by noEica to Leader.Any aotioa to Leader sl�aell ba given by ..
<br /> � � first ciass mail to I.enBer's address atated herein or any other address Lender designates by notice w Bonower.Any .
<br /> . � : "'.� notice pravided 4or in this Security Instsument shaU be deeined to hava been given w Bosrower or Lender when�iven . :
<br /> . . , ;, � es psovtded ia thie paragroph. .
<br /> � , .s�� 1�5.t3overniug Low;Sevetability.'Fhis Security Instrument ehalt be gover�ed by Pederal law and tha law o4 the
<br /> �, .., ' . ..7�: jurisdietion in which tha Property is located.In the event that any provision or clause of tLis Security lAStrument or the �'.`
<br /> � ' Note canPlicts with applicable 1aw.such Fonflict ahall not effect other provisions of this Serurity Insttument or tfle Note
<br /> }�'� - � � � . � which can ba given effect without the conflicting provision.To tlria end�the provisions of this Secnrity Instrumesrt and
<br /> � . • � the Note are declared to be�verable.
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