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<br /> `_------ payntents may no Ion�er ba requuw.ui tuc Oaitu�O�LtTi�c�.if a�stgage ia�aast�ca�:,rage:ia tha amauct:ad f�r the��io� !;
<br /> "•� � : ' � that Lender requises)provi d e d b y an insu�r sppmv e d by L e n d e r a g a i n b e c o m e s a v a i l a b t e a n d i s obtained.8orrower shall pa y �'_
<br /> , -� the premiums requirzd to maintain mortgage insurance in effect,or to pmvide a loss raerve,until the req�irement for mortgage
<br /> .. �� ; � insurance ends in r.ccordance��ith any vnitten agreemsnt hstwzgn Eormwer and l.ender or applicable law. hall ive �� �,'
<br /> �' .• � 9.Ias�sectiaa.I.sndBr or its ageat may make teasonable enuies u�on and inspectiuns of the Property. Lender s g �,_
<br /> �onovrer notice ut the da:e of or prior to an inspection specifying reasonable cause for the inspection. (� _ _
<br /> ` ' � - 10.CondetaaaRPan.The prcceeds of any awazd or claim for damages. direct or consequential, in connection�aith any (� =:.
<br /> � wademnation or othee talcjn;of any Fart of the Progerry.or for canveyance ia lieu of condemnation,aze hereby assigned and � ��'
<br /> . ''' shz111s�paid to l.ender. � �`
<br /> .. =T� In dte eveut of a tatal takin�of the Properry,the piucee�Ss s�ati k�apg}{����styms sec�red by thas S�c�rity Instrnment. � ``
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<br /> •. _�_ ; wh�h�or aoi then due,ivith airy exc�.ss gaid to Boao�rer.In the e�ent of a parti�l taking of the ProgECry in which the fair � !::
<br /> . �f�.,,�: } market value of the Propagy imace�iateiy hefore thE taking is equal to or greazer than the amount of the sums setured by this �'`'
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<br /> � s � Security Instrument irnmed�ately befora the tai:ing,unless Borrower and Lender othenuise agree in writing,tlie sums secvred by � ��.
<br /> � th�s Sc.curiry Insuument shall be teduced by tlie amouat of the prooceds multiplied by [he fallowing &action: (a) the total _
<br /> >�� k affiount of the sums seturad immediately before the talsing,divided by (!�)the fair market value of the Progerty imme�iiatelY -
<br /> . ' � � hQfore the taking. Any balance sha11 be paid to Borrower. In d�e event of a partial takiag of the Property in wluch the fair
<br /> . • m3rk�t valus of the Property imasediately befoie the taking is less thaa the aiaount of the sums secured immediately before the
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<br /> � �� � ta9ng,unl�s Borrower and I�d�r otheswise agrce in wciting or unless applicabte law othera+ise provides, the proc�eds sh�11
<br /> f be applied to the sums securrd by this Security Instrument wh:t�zr or not the sums are then due.
<br /> �' �.� If the Properry is abandoaed tsy Bosower,or if,after natice by Leader to Borraaer ei�ax the condemnor offecs w make an
<br /> � . . �� aEVard or settle a claim fo-damages, Bormwer fails:a resgond to I.eader vrithin 3�c�w-_s after the date the notice is given,
<br /> � . l.ender is authoriz�d to coiL:ct aad apply the pmre�ds.at its option.either ta r.c-�taraiion or repair of the Property or w the sums
<br /> • seaued by this Security I�.trument,whether or not then due.
<br /> � '�'�`� " Unle�s Ixnder and B�aawer Rtheiwise agree in writin8. aay app�i�ton of���eds to principal shall noi extead or
<br /> --a';��;�_a.. " go�tgoae the due date of t�e mntWsl�payments referred to in psrr,grapLs 1 and 2 or c,hznge the amount of such payments.
<br /> • . ;� 11.Borro�er Moi Rdea�d;�rosbeasanre BY�.euder Mn�a�YaIv�r. �Ltteasion of the time for paymeat or modificatioa
<br /> of anaorti7ation of the su�s sec�ued by this Security Instruraen�granted bY L,cs`'..er to any successor in iaterest of Borrower shall
<br /> � not operate to releass the liability of the origiral BQ�tawer os Borrower's suwessois ia interest.Lender shsll not be m�ui�d co
<br /> - c.�m�ce proc.�dings agaiast aay successor i�iu�rest or ref�:se to extend rime for pay^.+ent or othernrise modify aznortization
<br /> r_;�.�,''''' of tlte sums seeined by t�.�s Securiry Insm�ment by rea�na af any demaad made by [he original Borcower or Borrower's
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<br /> `', suocessors in interest. Any fo:bearance by I.snder in exercising any ri�kht c�remedy sha11 not be a waiver Af or precinde the
<br /> �:ni�:.�;.`�<_�. ezercise of any right or rzsedy.
<br /> '�;=X.;r,.:a�.::_ 12. Saoccsso3s ane5 Assigns Boamd;datat and Severa! Liub�itY:�r���s. The covenants and a�reeme�us of thi�
<br /> `"`''�',;�1�t; Security Instrument shall h•;ad and benefit the successors and assigns of Lender aad Bonower, subject to the pmvisions of .
<br /> „�..jy
<br /> -.':;G�'�;;4�.� parngraph 1T. Bonower's ooveaants and agreements shalt b�joint and several. Aay Borrower who co-signs this Securtry
<br />~�'''=�'��"'``�'�` Inmument but daes nos execu*�the Note: (a)is co-signFng tt:is Sea�riry Insau�:nt only to mortgage. grant and canvey that
<br /> ::�"'--:��':". Boaatives's interest in the Feo�etty under the term�of this 3ecurity Instrument;(b)is not p2rsonally e�ligated to pay the s��mc . .
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<br /> ___ __ •�,• secured by this Securiry Irsteu�ent:and(c)aZutr��at I.c�der and any otlaer Bormwer may agree to criznd,modify,forbear or
<br /> - m=:��;— �e any accammodati.aas wit�.regard to the terms of this Sccur6ty Insm�raent or the Note without thaz Borrower's oonsent.
<br /> --�l''�'" 13.Loan Charges.if t�e lc3n secured by this Securily In�trument is subj�t to a law which sets maximum loan charges,
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<br /> -K�_�:�:�• � aad that!aw is fmally intetpreted so that the interest flr other laan chazges colleczed or to be colle�ted in conn.ction wi e
<br /> -,:,�=�';;;r� . IoEn exC�Od the pem�itted li�iLS,then:(a)a�such loan��arge shall be red�aced by the amnunt necessary to reduce the c�arge
<br /> -- _ to the petmitted lirnit;and ib)any suias already collecte�fro�Sarmwer v�hich exceeded permitted limits wiU be cefunded to
<br /> ---= --°�=� Barrower. Lender aiay chaoss to make this refund by calncing the principal awed under the Note or by making a dimct
<br /> -____,-_— puymzut to Borrow�r. if a n:fuc� reduces priacipal, t�� ...ducdon rrill bs treated as a partial prepayiae�t without any
<br /> = pnpayment charge under t�e Na:e.
<br /> --== - 14.Na�tces.Any naziee to Boaower provided for in tt�is 5ecurity Insuumeni shall be given by delivering it or by mailing
<br /> ��°i� it by first cl�s mail unless applicable law ret�ues use af another method.The nmice shall be dir�to the Propeity Address
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<br /> -_„�N�� or any other addt�.,s 69zrower desi�ates by cotice to Lender. My aatice to l.ender shall be given�y first eiass mail to
<br /> ___ I.cs�,�a's address stateci�erein or any ather address l.ender dPSigaates by rmtioE to Bonower.My notioe provided for in this
<br /> __.���;��,�.��� �ua:rit�Insuucaent shal!ize dceined to have be�n given to Ba:ro�ver or Lead�r ahea given as provided in this Paragraph.
<br /> ±�"'"''-�"� a5.Govemiag Ls�; Severability. This Socurity It►�trument shall be govemed by fedcral law and the law of ths
<br /> �������-,m jtuisdiction in which t�.e �'roFerty is located. In the event that any provisian or cl�se uf this Securiry Insttum�ent ur ttce Note ,
<br /> �"=�'=�="`��':� confliets with applicarble law,suc�conflict sha11 not affect uther pravisions of tfiis Securiry Instrumens or the hoie which can be
<br /> -::::,:�F;:�ea" give�effect without t�e coafli��mg provision.To this end th�provisions of this S�urity InswmQnt and the Note are declared
<br /> -r�=:.r�� to bs severuble.
<br /> -���'*�=�,�r___ 16.Bormwer's Co�.y.fiur.ower shall be given one cautormed copy of the Note and of this Seturity Insuument.
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