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<br /> .. � . • at the optioa of I.ender, if martgaSe insurasce ooverage {in the amou�t and for the pEriod that�nder sequIres) �.�" _ �. � �
<br /> . . �� .� • provided by an insurer approved bY 1�en+�er agaia beoomes available aad is obtained Borrower sha11 gap the premiums � t�
<br /> eat for motc�age� •. ' `,`.
<br /> � `;, required to maintain mortgage insurauce in effect.or to provide a lass reserve.uatil the requirem `. � '� ; '� �
<br /> _ , . :c iflsuraaoe enda ia s000rdaace r�ith aQy writtena�ceementbeYCCeea Borrower and Ixadet ot applicable taw. � s�.,4; ,_,.�..,<<� „`��_..
<br /> z,� • � 9.Inspection.Letider or its agent may make c+easonable entriea upoa a a d inspectians o f t h e P r o p e r t y.L e nder shall � :
<br /> • � give B o r t a w e r a o tice at the time o4 or prior to an insLaeetion apecifqing reasonable cause tor the iaspectian. ` " � .`. .`� a�;_':�
<br /> �=� 1 0.Condemnation.The proce�s of aay awa�d or claim for damages.ditect or von,ecluenual,in°°naecti°n wi t h � �
<br /> � � aay wndemffition or other taksag of anY part Qf the Proi�ert9�or fos ooaveyaac+e�n lieu o�condem�ation,are here bq �
<br /> ..,' ` ` ` � assign�d and shail be�id to Len�eer. q� i - ` '�
<br /> � ._ ,. �.: `'� � In the ewent of a toml takingof ihe Propeny.theProceeds shall be'applied to the sums secured bp this Sect�ritp 4�b ,,.`�., , ;ry 4_
<br /> `�. �. ' }:•� Instrumen�.cvhether or not then du�,with any es�peid to Bornnwer.In the eveat of a partial taking of the P1r�operty in � - ` -- _
<br /> .�3 wtuch the fair market vatue oi the Property immediateiy before the takipg is equal to or greater thaa the amaunt of the �
<br /> � 'i�` stsms sec�red bp this Secusitp Instrusaent imrnediaLelq be€ore the taking.unles�s Borcower and Lender otberwise a�ee . � ' � __ _.
<br /> � " 4 in writiag,the sams sscured 6y tbis Sewritp Insw:rteat shall be reduced by the amotmt of the proceeds muttiplied by . � �-.
<br /> . � � } the following iraction:(a}the total amount of the sums secut�d immediately before the taking.divided bp(b)the fair � _._-
<br /> � �'��` � • '''�. market value of the Prapert9 immeaiately before the tektng.An�balauce shaU be paid to Bosrower.Ia the event of a ` r� --_ --
<br /> ` � . . gaztial tekiag of'the P�perty in which the fair market value oi the Praperty immediateIy befote the taking is les�s thaa - -
<br /> � 't the amount of the sums secured immediately before the takiag.unless Borrower and Leader otherwise agee in ariting � - —
<br /> .` �`' ar unless applicable lavr otherwise provides, the Prucceds shall be applied w the aums secuied by this SecuritY _--
<br /> ; '. Instru�nentwhether or not thesutns are then due. — -
<br /> '`' If tk�Propezty is abandoned by Horrower.or iiF,after aotice by I.eader to Bormwer that th�condemnar offesc�tu � __._._
<br /> � ��F inatce aA award or settte a claim for damages.Borrower fails to respond to Leod�..�r within 3fl days afGer ti�e date t6e _
<br /> ' at its o tx�.either to testaratioa or�aair of the
<br /> � -� notice is given.Lender is autharized to collect sud apply the proseeds. Pt� , __
<br /> � .�`"%�W Pruperty or to the sums secured tSY thisS�urity lasan�meat.whet�er or aot thea due. -- ��-
<br /> ; •;'.;� U n t�L e n d e r a a d B o r t o w�o t h e r w i s e a g r e e i a w ri t i a g,a a y a p p l i c a t i o n o f p r o c e e d s to p�i�!ci p a l shall not extend or T r�_
<br /> . . � .r•' Postpone the due date oi the raonthly paymeats referred to in paragcaphs 1 aad 2 or c h a age t he amoum of such �:�;..���
<br /> ..��__
<br /> ' .5`.� PaYments. ��"'�'�' -
<br /> _ �:° :;•. � 11. Honower Not Released; Forbearance�y Lender Not a �Vaiver.Fatension of the time for payment or _
<br />- � mo�cation of amortization of the sums secured by this Securit�►Instrumeat�anted by I��er w aay succ�ssor iu - -
<br /> ' � - iaterest oq gorrower ahall aot operat�tQ releasa the liabilitp af the original Borrower.or Tdorrower's successors in --
<br /> . '' .� :��•.<�. iaterest.Leader shall aot be required to rommeace pmceedings agais�st aay succe�r in intere.et or refuss w eatend _-
<br /> . �r.�E;: . ' . < t: time for paymeat or otherwise modifp amortizetian oi the sums secured•by ttua Security Inst�umeat by reason of aay ���i;
<br /> . �,,�, ,. _s�° demaud'made by the ori�i IIorrower or Bomower's successors ia interest.Aay forbearance by Lendet in eaetcising .�;�;--
<br /> � �: :y:, sup rtght or remedq sbaU na��a waiver of or preclude the esercise of auy riF,ht as temedY• .'�''�, y`,'�`d.,,;
<br /> �� f�. '•. . 12.Successorsaad.Assigp►sHoand;JointandSeveralLia�ilitq; Casigners.Theoovenantsandagreeraeats . •: `�r��='`�
<br /> � � of this&ecurity lnstrameat shaU bind and benefit t,he successors a�d assigns of Lender and Barrower.subject to the �'�.-
<br /> ' e -
<br /> � �,?, visions of h 17.Bono�serrs c,drenarits end agreements shait be 1amt sad several.Any Borrower who co-signa .:,'=.. -�...-n
<br /> . . . � ps� P��P : � °_--
<br /> .. � . •� �g��tp�ent but�2aes Aat eaecute tha Note: (a)is co�ig�ing tbis Sec�uity Insttument onIy ta mortgage. ,:,;��`.;_-,;-
<br /> " �� "� ;� grant and convey that Borrowes's interest in tAe Prapertq tutder the terms oi this Seevritq Instrumen� (b) is not ,_.;��._
<br /> � � t� personallp obligated to pay the sums secured bp this Securitq Instrumeat;aad(c} agrees that Lender and aay other . ; _�i �
<br /> }�. . � . a-•�-
<br /> . Borrower may agrea w estead,modify.forbear or make asiy accommodations with segard to the terrns ot this Seeurity ::��•r:.,',`�.:_-
<br /> . .. � �� lnstrument or tha Note without that Borrower's wnsea� '._��_'=�%'. =---
<br /> . ..� .' 13. Y.o�a Charges.If the loan secured by this Security Instrument is subject to a law which sets masimum loaa . ';._�;,_ -_
<br /> . .�'�'� '. , charges. and that Iaw is finally interpreted so that the interest or other loaa charges collected or to be colle�te0 in � �'��',`.. .'��-_--
<br /> ` ?• connection with the loan esaeed.the permitted limita,then:(a)aaY such loan charge sha11 be reduced by the amount �::.���. -°-
<br /> � r. f� — —
<br /> neces�ary to reduce the c�arge to the permittod limit: and (b) any sums already collected from.Borrower whicb � _
<br /> „`�: .' . .. ��.':t: excaded permitted timits will Ue refundad w BortoWer. I.eader raay chnose to make t.�is xefuad by reduciag the . -t ;�.-�-.
<br /> -- ' . priacipal owe�uader the;�ate os bp makiag a direct paYment to Barrower.If a refund ted��rincipal,the reductior� , {,_.--- --�=�
<br /> � ' will be treated as a partial g�payment without any prepayment charge undes the Note. � , .��„
<br /> � 14.Notices.Any notice to Borrower provided for.in this Security Instrument sball be�iven by de�i�eci��it or by f , _
<br /> •� = mailing it by first class mail unless applirable law requires use oi anoth•r method.The notice shall be&t+�ted W the ,
<br /> ,� � . Property Address or any other address Barrower desigaates by notice to Lender.Any notice to I.ender sha13 t�e given by . � �.�.: � . :
<br /> � � �irsc clsss mait to Lender's address statr;�f�►erein or any other address Leuder d�ignates by notice to Borrower.Any ,�•��,�.-:, �-
<br /> notice provided for in this Security InsWment sha11 be deeraed to have been given to Bonocves or Lender when given �� _. _
<br /> . as provided in this paragraph. ''�+�. � • .
<br /> , � . 15. Governinffi Law;Severability.This Security Instrument shall tse governed by federel law and the law af tha �. ��'`����� .
<br /> . • ,�:, , jurisdiction in cvhich tha Property is located.In the event that any ptovision or clause of this Security Insttument or the . ,. ..
<br />-- . Note con4licts with applicable 1aa,such cm�flict shall not af iect other provisions of this Securi�3 Instrument or the Note .
<br /> � which can be given eifect xvithout the casrflicting provision.To this end tha p.rovisions of this Security lastrument and � . � �
<br /> . � � the Note are declared to be severable. � .
<br /> � . , . • , '
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