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<br /> � ..'.�' payraents aiay no tonger be required.at the opiioA of Leader,if mongage iasuiance oovernge(in the amouat aa¢for she Qeiiod
<br /> . that Lender requires}Pmv,ided by en insurer approved by Leader again becoaies availabie an�is o6tssinad. Bormwer shajl pay
<br /> . .. tt�pt�emiums requiied w mainraia mortgage insurance in effect.or to pmvtde a luss mserre.unu'1 the�eqairement for ntortgage
<br /> _ , .,�� Y. u�sura�se eads in aocordanQe witD any wriu�agrceraeni between Ennowee and i.ender or apatic�ble law. � ',4
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<br /> �4,'� 9.Ims�on.Lender or its agent may make reasonable enuies ugon and inspections of the Pmperty.Lender shaU give� .
<br /> , " Bwmwer antice at the time of or prior.ta an iaspecdon specifying reasonabte canse for tfce intipection. �
<br /> � � ' � � 10.CondemmaBon.The prncee�ds of any nwffid or ctatm for damag�,direct or conseque�tiat.in w�ctian with anyr� 1'!j`
<br />. ' ` c cond�mnation or�iher taking of atry part of ttie Property,ar for wm+eyance in lieu of ooadeinnation.are her�y assigned aad� ��. :
<br /> `..� sha11 be paid W Lender. � _ � � �
<br />_ �F . In thc evem.af a tatxt taging of the P�p�ty,die proceads sbaII i�e apglied to the soms s�iry dris Secarlty�nstrnmeat. ; .
<br /> � ��. �:<�'.�'�.�;� whether vr not tlren Qae,wii6�y ex�ss paid to Borcower.Ia t8e e�rent of a gartial taking of the PraQerty ia which We fair ,
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<br />- _ . - - `m�rIce,t value of the Prap�rtp�tediately befiase the taldng is equaJ to or greater than the amount of the su�s secured by ti�s� "�
<br /> ' T,,'`.r J^ Securiry Tasuument iunmediately before the taking,unless Bormwer aad Leader othe�wise agree in writing,the sua�s secvred[ry . '�:'�:
<br /> this Seairity Instrument sllall be reduoed by the amount of the pmceeds muttiplied by rhe following fra�ion: (a)the tfltal • '
<br /> - �' .: amuunt of the sums sQCUred imt�sediatety 6efore�he tatdng,divided by(f�}the fair mflrket value of the Pcoperty immediately ����
<br />� . � .
<br /> " 6efore the�lriag. i4ny balaace stmU be paid m 8otrower. In the event of a partial taldng of.the Property in which.the fair �
<br /> � " � market valae of the Property immediatety before the taldn$is Iess than die anwvnt of tT�e saans secured immediately befaxe tbe ��,�-
<br /> �''.. ��.;� taking;uaIess Bormwer and Lender otherwise agree in writing nr ualess applicable law otherurise pnovides,the pmceeds sball
<br />_ , be applied to tl�e sams serured by tbis Security Insonunent whether or not tlie sums are ttien dile. .
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<br /> . ` �If th�Property is a6aadoned by Boriuwer,or,if,aRer notice by Lender to Borcower tGat t�se condemnor flffers to make aa �;�'°_-
<br /> r , `y`_� awaxd or settte a ctaim fo'r d.amages,Bomower fails w respond to i�der within 30 days after the daie the aotice is givea, 1°"-":
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<br /> . : ' -�;-3 Leoder ts ant�orized to collect and apply�he groceeds,at its optlon,eith�r w restoiation orYepair.of the Properry or w tLe sn�s •e•-,.
<br /> .`"� �� . 'r secored by this Sewritp Insbumenf,whether or not then d�. � '
<br /> 1� ' iTntess l.ender aad Borrower othe�a�isc ag�ee ui�writing, any applic�tion of proceEds to pmicipat s1�a13 uoE exte�id or ,� �
<br /> " ;_`y`'�r postpone the due date of the monthty paymeuts refe�d to in p�ragraphs I and 2 or change the amonm of such payments. . .
<br /> ' , �°:.,�`_': � il.�armwer Ntot Retease�Fos$�ataace By Lpcder Not_a�1Vaiver.Exteasion of We ta�ne fos payment t�r mudifrration � -
<br /> '••.`�; L:•.. of amortirauan of the s�uns seaired 6y ttris Secmity Instiament graated by I.eader w aiiy successor in ufterest of Bortower shalI .- _
<br /> � ' not sate to mle�se the tiab'' of d�e ori ' Boirower or Borrower's successors in inreces� I.endet shall not he �� '
<br /> ._. ,. �.:..'r�.��: � . �ri+ � ��� -��_.
<br /> . .. � co�nnenoe pmoeedings against arry suocessor in interest or iefuse�w exteud time for payment or otherwise modify amorti7ation '�::��'
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<br /> � � ;< ; of the sus�s secuc�ed by this Security Insavment by reasoa of any demand made by the original Borrawer or Borrower's -
<br /> � �f suceessors i�uuerest.Any forbearaace by Lender in exerc�siag any right or remedy shall not be a waiver of or preclade the '.'a="..
<br /> . _ .;.� exercLse of airy right or cemedy. .
<br />- : . ' �� ;'? . 18. Sacces�ss and A.sdgas Soamd;Joint a�d Several �.iab�iitY, Co�oa'Qaers. The coveaa�us and agreemeuts of�ttds �-
<br /> , •: �;},; :S�urity Instrument shall bind and beaefit the suaa�sors and assigns of Lender aad Borrower, sabjea to the provisiona of ' _
<br /> ' `:�� . .�•; � ' paragraph 1?. Borrower's covenants and agneein.,°nts shall be joint and several. Atry Borrower who co-signs this Securiry �
<br /> - • ..'?;��`� s ? _ �Instrument but does not execute the l�e�'�::(ay is co-signing tttis Seairity Instrament onty to�ortgage,grant and convey that
<br /> ' ' . .. i Borrower's interest in the Property under the tem�s of this Security Instra�nent;(b}is aot p�sanally obligated to pay the si:ms �- -
<br /> = ��,�{ sec�ed by dus Sec�iry Instmmeni;and(c)agrees that Lender and any other Borruaer may agree to extend*modify,forbear vr
<br /> make arry accommodatlons with regard to the terms of tl$s Secnrity Inshument or the Nate without that Bo�wer's consem. � �.":._
<br /> .:. . . �.�:� l3.Laan Cdarges.If the loan secured by tt�iis Security Instnunent is sub;ect to a!aw which seis maximam toan charges,
<br /> �. .�,z and that I:.�is f naliy interpreted so that the intc7est or other toan charges collected or to be collected in connec�nion wia�the '�;�:.'
<br /> , �. , , loan exceed the permitted limiu,then: (a)any such loan charge shall be reduced by the amount necessary to ndure the c*arge �-:-.
<br /> . . '. i.� to the permitted limit:a��{b)any snms already colleaed from Borm�ver whicb eaoee�ed permitted Iimits will be refunded to • �
<br /> �- :� t Borrower. Lender may choose to make this refund�by reducing the principal owed under t6e Note or by making a direct a` �
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<br />��� ;�. ., . :: #:�' payment ta.Borrovrer. If a refund reduces principal. the mduction wil} be ueated as a A�� P�A�ns without anjr �..
<br /> €... . ',,;;'i��. .,�; prePayment'cbarge under the Note. • �-`'.
<br /> �� -�.�F,, � _
<br /> r �<.,� : f4.INottces.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing ' �.`
<br /> � .� �� � � it by first class mail unless applicabae 1aw requires use of aaother method.The notice shnll be directed to the Property Address .
<br /> *. , ��- '� � or any other address Borrower deslgrtates by nodce to Lender. Any notice to Lender shaU bc siven by first class�nail to
<br /> � � '° . Leffier's address stated Aerein or aay other.address Lender designates by notice to Bon�wer. Any notice provided for in tlils
<br /> �,.._ - ' � �Security Instrument shaltbe deemed to have been given to Bonower or Lender when given as provided in this paragraph.
<br /> - � � lS.��vemtng Law; Severability. This Security Instru�ent s1ia11 be govemed by federal law and the law ofthe
<br /> - . � i jurisdiction in which the Property is lacated.In the event that_any provision or clause of this Security Instn�meni.or the Note
<br /> . , ; conflicts with applIcable law,such conflict shall nat affect other provisions of ti�i�Security Instniment or t�e Note which can be '
<br /> _ ' ', � f given effect without the conflicting provision.To this end the provisions of this Security Instrument and tF:�Note ure declare8 �
<br /> � � to be severabte.
<br /> • :��t: '• ; 16.Berrawer's Copy.Borrower shall be given one wnformed wpy of the Note and of this Security instrument. '
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