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<br /> � � = � - _-- . _ . - _ - =----. :__ --- � - -- 9 . . _ _�_ �
<br /> , � 9 ��S�.o��
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<br /> . payments may no longer be required.at the optioa nf LRnder, if mongage insurance coverage (in the azaount and for the pPriod
<br /> • that lxndet requires)pravicied by tsn in�urer approvcd by Lender agaia becumes available and is obtained. Horrower shall Qay y=;
<br /> � .� the premiums res�uimd co maintain mortgage insurance in effeci,or to provide a loss reserve,until che rzquire�nt far ctton�age
<br /> iasurance ends in accosdance vlith eny written ndreement bgt�veen Borro�ver and Lendet or applicable law.
<br /> ,, � 9. Ins�on. L,e�cder or its agent may make reasonable entries upon and inspections of the Property. LendeT shall give
<br /> Battower notice at the titnc of ur pdor to an insp�tion eRecifyins reasoaable caus�for the ins�section.
<br /> . ! 10. Caad2mttattan.'fhe prac�eds of.ny �watd or cleim fot dama�es,d'arecc or consequential,in wnnection with any
<br /> � condemnation or other taking of any pan+af the Proaerty,ar for c:onveyance in lieu of condemnatien,are hereby assigned and
<br /> .- ; shall be paid to Lender.
<br /> - ' --� � Jn the eveat of a tutal taking of the Pro�erty.the prateeds shail Iss applied to the sums secured by tGis SPCUrity Instrument.
<br /> -• ' j whether or aot then due, �vith any excess paid to 8orrotver. In the event of a partial takin� of the Prop$rty in whtch 4he fair . ,�
<br /> market value of the Progerry immediately before the takin�is equal to or greaier than the atuouat af the sum�secured by th3s _
<br /> � - - � � � " � S�utity Instiument immediateiy before the taking,unless$orrower aad Lender otherwise agree in writing,the swns secured by
<br /> . . ? this Securiry Insm�m�nt shall he reduced by the amount of the praceed4 multiplied by the following frattioa: (a)the total �;���-'_
<br /> i amount of the sums sxured immediately lsefoce che taking,divided by(b) the fair market value of the Pro�ny immedi�tely ---�
<br /> � t�°.fore tti�e t3king• A►y balaar,�sh�ll lse��?d tu �rro1ver. ta the event of a partial taking of the Prop�ty in which the fair �°-._'_
<br /> �� m3rke3 value of the Property imn►ecliately befare t�e taking�s 1¢s�than the amount of the sutns secured immediatQly before the =_
<br /> � taking,r,:nless Borrower and Lender otherwise agree in writing cr ualess aPPlicable law ath�awise pmvides,the pr¢ceds shall _ _
<br /> � � be applied to the sums s�cured by this Sewr'sry I�smiment whether or s�ut rhe sums are chen due. `�
<br /> 1f the Propeity is abandoned by Borrower,or if.after notice by Tixade�to�orro�var thas the ooade�or offers to mase an �=°�°
<br /> �,.:
<br /> .. f awazd es setde a claim for damages, Borrnwer fails to respnad�o Leada:�ithin 30 da}s after che date the notic�i�given, _E,;�'__
<br /> ���'::� � Le�tder is authorized to collect and apply the proceeds,at its optian,either:�rastoratian cr r�air of the Praperty or t�eees sums �,-_._
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<br /> . secured by this Securiry Instrument,whether or not then due. `'� --
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<br /> - .__=1`4 Unless 1.eQ3e,:�d Borrower othecvris2 a�e in writing. anY a�ii,.:�on of pror�eds[o prics�:=1 shall not extead ar �_�:
<br /> -- ��::.,.,.. Postpone dte due cFz�E:f the montinly payme�rs rz`'�to in paragag�s I-�2 or change the amouac rr s.tch paymems. _
<br /> • , • :_�- 11.Borro�r�,r I�oY Released;�'orbeaa��IIy Lender Noi a WQa�c�rxtension of the time fnr�f�ent or modifitxtia� � _..
<br /> ;�` of amortization of t�x sums secured by this Sea:r.ry Iastrumeent�anted by Leader to a�+successor in iaterest of Ha:cu.ver shalt _
<br />. :::�.zj��-f" not operate to rel�se the liability of the original�orrower cr Lurrower's successors in interest•Lender shall not�e�-�ired to _
<br /> ..��':;`�;;; �,,�`� commence p��s against any successor in-u:.�rest cr:�s.�:,:o e�:�sime for payment or otherwise modify�:tizadon _
<br /> : � of the sums �..�.•��y this SECUriry �n�,m ...2 �y re�c� rr�.tJ w�j made by the original �orrower or �orrawer's
<br /> : '•'t7;+:', �' .;} s:�ccess:.:s�a��. Any forbearaace by Ler.�r:ia e.e*=.s��,�4^;;:�_�1 �:remedy sball aot be a w-�iver of 9r�rxclude the
<br />. ' �•;,;,`,,;;�" � :� e�~..�.�ci zcy r;T�s or r2medy.
<br /> %���`��.,• �.,���zs and Assi�ns Bonnd; Ja�:�.� �e�r�'�: �a.`.�.:; �'-.�='^�. �= covenants and a�:�s�f this
<br /> as
<br /> � ������• ::.sm:..�--�::shall bind and benefit th: �;.cxssois�assig� r` �.;�:r and Borrowxt, subyz�t t�the��n::;�o�s cf
<br /> paragraph IT. B��uwer's covenants and agn�srn�ts shall be joint w�. ���.al. AA}I BOtlOWC[ G$� c3�—S1�i1S t�llS SCQ1AY�f
<br /> :: �. �ment but do�not eaecute the Note: (a)c�•:o-signin�this Sec�riry Lr..��trument only to mnrt�a�e, grant and coavey that
<br /> � Barrower's interest in che Propeny under the terms of this Se�curiry Instruutent;(b)is not personaily obligated to pay the sums
<br /> sec�ue$by this Securiry Iastrument;and(c)agrees that 1.ender and any other Borrower may agree co extend.�adify,forbear or
<br /> �any atcommudatians with regard to the arms of this Securiry Instrument or the Note wi[hout that Bormwer's consent.
<br /> � 13.Loan Charges.If the loaa secured by chis Sesuriry lnsuumEnt is subj�et to a law which sets ma�cimum loan charges,
<br /> and thaz law is fin�lIy interpzeted s�n that the interest or other Ic~an charges oollected or to be collected in carmectioa with th�
<br /> � loan exce�d the perenitt�limits.then:(a)aaY suds loan charge shall be reduced by the aznouat necessary to reduce the charge
<br /> to ths permitted liaui;and(b)any sums alrexdy collected from Boaower which excxeded peimitted limits will be tefuaded to
<br /> Borrower. Len3er may choose to make this refund by reducing the prindpal o�ved under the Nate or by making �dic�ect
<br /> . payment to Ba�rov:er. if a refund reduces principai, the reduaion will be a+eate� as a partiai PrePayment wIthout any
<br /> �. prepayment charge under the Note.
<br /> 14.Noi[ces.Any notice to Borrower prov'ui�1 for in this Security I��ument shall�e given by�.se�ering it or by maitir.�
<br /> _,.,: it by ti�st class ma91 naless applicable taw requires use of another met'rtad. ihe notice shall be directed co the Prayern�Addr�,s
<br /> =- or any other address Borrawer designates by natice co Fr�sri�r.An}� �c�ce to l.ender shall b� given by fir�t cL� ��i cv
<br /> Leader's addres�stated herein ot any other�s Leat�:i:s:�=w is�: r�rice to Borrower.Any¢cti:E prov�Sc��r"=r i.tbi.:
<br /> �j� . „ �srity Instrume�L�hall be deemed to have v�ns L:ven to Ecr..rNer cr L,�rs when given as provid3d i.��bis g�4 r.�;5. _
<br /> 'V Y5.Gove.�a=rt, Law; Seve�abllity. This �ecuria}r Lz:avment <<���1 !� govemed by federai t�w aac7 dsie (;c:.+ of 4:�
<br /> _ � jcsisdi�tlon in which the Property is locate�.In the event c�at any provision or clause cf Wls Seeuriry Iasrn�.:m:��;:e Nc� __
<br /> � cun�i:ss wit����eable law.such conflict shall not affert other pmvisions of thls Security insuument or the Nat.�viir.h c�n�s� _
<br /> . : given effect wiUsnur:he conflictin�provisian. �'a this end the pmvisior.s�s f rhis Securiry Inst�umsat a�r y t9e Noie are dec:ar�
<br /> to be severable.
<br /> .� t�,gerao�,r°s Copy.Borrower shall bz�:ven one canformed copy a:the Note and of this Securiry Instr�me�t.
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