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<br /> . • gayments may no longer be required.at the opUon of l.ender.ndetr a ain ebecomes availab e and i abtair.edn Borro'�'e sh�11 p y
<br /> � ' = that L e a der requires)p r o v i d e d b y a n i n s u re r a p p���b y� � �
<br /> << � -
<br /> '. the pren►iums re9uired�°ma�ntau►mortgage insurance in effec�or to pmvide a loss reserve.unti l t he require m e n t f o r m o rt g a g e
<br /> '� . insurartce ends in accordance with any written ag�eement between Barrower and Ixnder or applicable 1av�• �nder shall ive �
<br /> ` � g,Inspection. Lender o:its agent may make�so�3e entries upon and inspections of the Property. � � __
<br /> � ,;':�� Borrower notice at the time of or prior to an insFection sFec�``�'I°S reas°�I�a��oT��ent al, in connection with any Q
<br /> •. . • .� 10.Coa�2mnaHan• The Prece�°f any a�''�°r p�f rfco�veyan�n��eu of condemnaaon,are hereby assi�ned and � _
<br /> -- _ _ _= condemnation or other taking af any part of the Pro�SertY. , � �_:
<br /> ' r- shalllse d to I.ertder. �
<br /> '•��" In thc event of a total takin8 of the Properry.the Proce�s shall be appl'sed to che sums secured by this Security tnstrusne�t• �.-,:
<br /> �-�—'' whether or not then due, with any excess paid to Borrower. In the eveat of a partial takin8 t�f the Pr°F`rt!' in which the fair
<br /> '"�g market value of the Property immediately before the taking is equal to or greater than the amuunt of tlie sums secured by this _
<br /> :�-�-;
<br /> .�;:. S 5 Security Instnunent imsnediately hefore the taking,unless Borrower and Lender othetwise agree in writin8•the sums secured by
<br />- �• this Security Inswment shall be red¢ced b� '�e amount of the procceds mulaplied by the follawing fiaction: 'amm�iately
<br /> � . ,� amflunt af the sums Secured imme�iately i�efcr:,the ta'iing. dirided by (b) the fair maricet value of the PropertY �
<br /> t'�s• -.�� before the taking• AnY balance shall be g�d:�Borro�ver. Fn the event of a partial taking of the Prope:ry in which the fair
<br />'_;;;,`'�'��<'':;,_.
<br />:=..,t 9; , market value of c�'�:.�'openry immediately befa�the taking is less than the amaunt of the sums secured immediatety before e
<br /> n ��,.. ;
<br /> ���'���::; takin g.unless Bc�'a�'-'i'and Lender other�:.s��=��n wriYsng or unless�licable law otherwise provides. chE Pmc�shai
<br />�.>�� :
<br /> `,�A''�r•;• be app:ied to the�'���►�by chis S�cL;.ribti =nstru�nent whether or not u�suns a r e t h e n d�e•
<br /> .�:�•;� _ If ths Properry is abar:�cu�i by Bor►vtiti�sr, ar if.after notice by Lender m�orroKer that the c4�'�emnor offers to make an
<br /> � award or settle a claim for d:.-""�, B�"r°wer fails to respomd to L.ender within 3'1 c�;s after t�==��e n op����'v�
<br /> s'r�;i . BQ ,
<br /> � � I,ender is authorized to collecc and apply tI e��cceds.at its a afln,either to restorauc:e c.re air ef t_e Pro erty
<br /> lv`• ,� : ' secured by tlsis SecuritY Instmment,N��-2rar not then due. liration of proceeds to F'-ar�ipal sha11 not e�cte;id or
<br />. .. ,,:. Unless Lender and Borrower othe:��se agree in writing. anY aPP
<br /> =- -� � - pos�one tlie due date of the tn�u�.iy paS'ments referted:o in QataSraPl�s 1�d 2 or change the amoum of stich payments.
<br /> •.'J.':�,�� �
<br /> ' ~•� � I l.Bflrcower Noi R¢_�aset7;Forbearance BY Lender Not a Waiver.Extensioa�f the time for payment Q r�edifirdtion
<br /> _ �,�r:.
<br /> =-=i���"� ... � of amortization of t�he sums securad by this Serurity Instniment granted bY Lender to any successor in int�nst of lSox+,��wer s
<br /> f�.-.•., .
<br />'.,'' , .� ` not operate to rel�e�.::!'-�=��=.y of ths original Borrower ar Borro�er s s,.:xessfl�s in interest.Ler.�er shall not�a��uu to
<br /> :Y�7•''._. �s� ��n�p���os���r�y successor in intsrest or refuse to ext��1 cune far payment or c�r-.�+�se��fY�Q�='�
<br /> ':.';�s'.r<�: � - of the sums sezured by cTM�s S��srity Instrument by reason of any deman d m a de�y the ori g�.�?Borrower or Borrower's
<br /> ___,ya, ..: � y ` ri t or remed!� sr.all not be a waiver of or preclude the
<br /> � successors in interest. An �z'���s'��bY�nder in exercising any P,�
<br /> ��: ;__.;'
<br /> �.a-wA� exercise of any right or rema�J• �. �� �ti�,�u and agreemenu of ttus
<br /> 12. S�tocessors aad Assign.S BOU��:Joint and Several Littbility; Co�i�n
<br /> ��'-"`��'„��., Security lnstnunent shall bind and beneF:���successors and assigns of Lender and Borrowe:• �ubject to the provisioas of
<br /> --- +� ;`�%� paragraph 17. Borrower's coven�►ts and�"��n� shall be joint and several. A.�^+ Borrower who co-s'i�� V���
<br /> __ i��x=.,;•_• •
<br /> -`'�'�rs> � Insuument but does r�t execu te t he N o t e:(a) i s c o-si U r_:�g this Security Instrumenl. _r�y to taortgage.Sran
<br /> .s=-��=,;:� Barrower's interest in the PropertY under the terms of t�is Security Insuument; (b)i.���t psrsonally obligate�es�'`g�t'
<br /> =-=�Y„__ secured by this:��;.usity Instnunen�and(c)agrz�s t2^�at Lender and any otherBorro:r:�Y�to extend. mod��'
<br /> --_ make any accos�=odatians«+ith re8ard to the temis o€this Security[rz:-�'�=�er��e Note�vithout that Borrower's consent.
<br /> —�:::i�
<br /> - - 13.I.oan Charges.If t`.loan secured by chis Security Insmime�-�,�s-b1�:�`a law whicb seu maJCimum loan c ges.
<br /> ��---�T`��� �,�3 thai law is finally inter(�-s-=d so that t8e inrer�t or other loan charges colIex�i��r to be collecte3 in oonnecrion with the
<br /> �_=�'� loan exceed the permitted�i��. then: (a)any such loan charge shall be reduced @;ti��=amoant necessary to reduce the charge
<br /> -- __� to the permitted limit;and(b)anY sums a1��dY fO�lected from Borrower which ez;.eaded permitted limits will be refunded to
<br /> - Borrower. Lender may choase to make r:�is refi:r�d by reducing the principal owed under the Nate ora Y e�°�out�any
<br /> payment to Borrower. If a refund reduces PnnciPal� the refluction will be treated as a Partial P�P Ym
<br /> prepayment charge under the Noie.
<br /> - Y4.Not�c�s.Any nouva co Borrower provided for i�t}us Security Insuurnent s:�all be given by deGvering+.�or by Am��s
<br /> - - it by first class mail unless a�plicable la�v requires use of another method.The nodce shall be dire�.�ted to the�rm�rcy
<br /> or any other address Borro�ver designates by notice to Lertder. A*w r�rice to Lender shall be given by first clsus mail to
<br /> - Lender's address stated herein or any other addr•�s l.enderdesignaces by notice to Bor�uw2r.Any notice provided for in u�:s
<br /> -- -�' Securiry Instrument shall be deemed to have been g'sven to Borrower or Lender whe�given as provided in this paragraPh•
<br /> ��� 15.Govern9ng Law; 5+�verabillty. Thia Securiry Instrument shall be ga�.zrned by federal law and the law of the
<br /> -�����+�� jurisdiction in which the PropertY is Iecated. ln the event that any provision or clause of this Seturity insttutnem or ttte Note
<br /> .___' conflicts with applicable law,such conf'.5a:•:�all not nffect other provisions of this Security Instrument or the Note which can be
<br /> ��s_-� �iven effect without the wnflicring pron�.on.To this end the provisions of this Se�uriry Insuument and the Note are declared
<br /> v�-=�� to be severable.
<br /> -��••�� 16.Borrower's Cc�.:�3orrower shall be given one canforme�copY of the Koc:and of this Security InstnJment.
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