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<br /> , paymente mny no longcr be rcquired,ut the option of Lender,if mortBuQe lnsurnnce coveraBe(in thu nmaunt nnd for thc perlod �_
<br /> � tbat L,ender require.g)provtded by on insurcr approved by L,ender oguin becomes uveilnblc nnd is abtalncd. 8ona�vcr shall pay
<br /> the premluma requlred to maintain mortgege inauranco in effect,or to provide u los.g reserve,until tha requirement fi�r manIIc+�e •
<br /> inaurance ends in accordance�vlth any written ugreeraent between Dorrower and I.ender ar nppllenble law•
<br /> 9. ingRectlon. Lender or its ngent mny make reasonable entrles upon nnd lnspectiana of tho Propony.l.endcr ehnll Qive "
<br /> Bonower notice at the dme of or prior to nn tnspect3on specif�ing rensannble cuuse far ehu inapection.
<br /> ° „ 10. Condemnatton. Tha proceeda af uny aw�rd or clnim for dAmages, dircct or cansequentinl, in connection with nny
<br /> • ,. . wndemnativn or other tak3ng of w�y purt of Qhe Pcoy�erty,or for conveyance in lieu of condcmnation,are 6ereby assl��i�J:utd
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<br /> • ahall be pald to Lender.
<br /> In the event oP a totel taking of the Property,the proceeda shull be upplied to tha sums secured by thiA Security Instrument, "
<br /> :.�;,;.;::�� whether ar aot then due, with any excess paid to Borrawer. In the event of n partial taking of the Property in�vhich the fuir ,_-_.
<br /> � "••�•. market value of thc Praperry immediutely before the taking ia equat to or grenter than the umount of the sums secured by this '�'".
<br /> Securiry Ittsttument immediately before the taking,unless Borrower nnd Lender othenvise ag[ec in wridng,the sums securnd by �?•�
<br /> � • tliia Secw•ity Insuvment ahali be reduced by the amount of tho proceeds multiplicd by tho folluwing fraction: (a) thg total =
<br /> amount of the sums secured immediately bofore tho taking.divided by(b)tha fair miuIcet value of the Property taun�iiately -
<br /> . � before tha teking. Any balance shall be paid to Borrower. In the event of a punial talcing of the Property iu which the fnir '
<br /> ;, market value of the Property immediately befo�e the taking ls less than the amaunt of tha sums secured tmmediately hefore the �.::
<br /> , �� taking,ualess Borrower and Lender otheiwise agree in writing or ualess appllcable law otherwise pmvtdes,the procee�s shall 16;::=
<br /> ,, . . be applied to the sums secured by this Securtry Inatrument whether or not the sums are then due. --
<br /> 'r.' If the Property(s abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to mak�e an -
<br /> ' . award or settle a claim For damages, Bortower fails to respond to Lender withW 30 days after the date the noiice is�tven, `_—
<br /> "fl rv Lxader Is auWorized to collect and apply the pmceeds,at tts aption,eithar to restoration or repair of the Property or to the swns =��•�
<br /> " secured by this Securi.ry Insuument,whether or not then due. [
<br /> • ' UNess LendEr and Borrower otherwis� ngree in wrlting, any application of proceeds to pdncipal shall not exten�or E -
<br /> �, p os t pone the due date of the monthiy payments refernd to in paragraphs 1 and 2 or chaage the amount of such paymenu.
<br /> � � 11.Borrower IrTot Reles�sed;Forhearance By Leudcr Not u Wotver.E�ctension of tlie time for payment or modiScatlan �'`-
<br /> ,. ;,,�. s�s __.
<br /> �'>'��" of amortizadou of the swns secn�ed by this Security Instrument granted by L,ender to uny successor ia l�terest of Bormwer shaU -
<br /> �'�''f` aot nperate to relcASe the liab9lity of the orig�nal Borrower or Borrower's successore in lnterest. Lender shall not be required to ����?
<br />. , commence procee��ags against any successor in interest or refuse to extend tlme for payment or otherwise modify aaaortlzation F'`'v
<br /> . of the sums secured by t6is SecurIty Iastrument by ceason of any demaad made by the origival Borrower or Bormwer's `_
<br />- . � succesaore in Wterest. Any foi�earance by Lender in exercising any right or remedy shall not be a waiver of or preclusle the =
<br />- ,; 5� " exercise o�eny right or remedy.
<br /> " � 12. Succe�nrs and Asslgns Bound; Jaiat end 3evernl LinblD9tyt Co-slgaere. The coveaants and agreements of this ��°-
<br />��• '��� Secur[ty Instrument shall bind ead benefit the successors end assigas of i.ender and Borrower. subJect to the provietans�R' --
<br />'_ � ` pazagraph 17. Barrower's covenaats aad agseements shall be joint anci aeveral. Aay Borrower who co-stgns this Security :
<br />_;<;.`
<br /> •' .,••. : inanumont but does ttot ezecute tAa Noto: (a)is co-signing tdis Security lasuuraent only to mortgage, srant aad wnvey that
<br /> ;�.s�. . Hanav�er's intarest in the Propcsty under We cerma of this 5ecurity Instnuaent;(b)is nat personally obligated to�a�y the sums '°'..:_
<br /> �:. esrsl,:;;
<br /> ;�, . � securcd by thls Securlty Insuument;aad(c)agrees that I.cnder azcd any other Boiruwcr may agree to eatend�modi�'j+. forbear or
<br />�. , make any ascommodadons with regazd to the terms of thls SecurIry Insuument or the Note without that Borrower's oonaent.
<br />__- �•-. ' 13.I.oaa Chnrges.If the loan secured by this Securlty Insnvmeat is subject to a luw which sets maxlmwn loru�charges,
<br /> � - ° • , nnd that law Is finally Interpreted so that the i�terest or other loan charges collected or to be collected in con��ectton with the
<br /> _� ' _,.�,� loan exceed the permttted limits.then: (a)any such loan c3x�rge shatl be reduced by tAe araount necessary to mahr�z the charge
<br />��-��=,_ . to the per�aitted tia�it;and(b)eny sums already colie�ted from Borrower which exceeded permitted limits wfll be reti�nded to
<br />-���r.':'.;'�:�7� Borcower. I.eader ivay choose to make this refund by reducing the p.rlacipal owed uader the Nate or by making a direct —
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<br />-��r,,,,:,._ payment to Borrower. If a �flund reduc� principal. the reducdon will be treated as a parti�l prepayment wlthout any
<br /> �``'=� ="� ' prepayment chcuge uader the Note.
<br /> �' _'�`�• � 14.Notices.My notice to Borrower provided for im tl�1s SECUdry Instnunent sball be given by delivering it�r�y mailing —_
<br />�:„'-.�.'"�:.li.� -.:
<br />-��� it�y ftrst ctass mail unless applicable law requires use of uaother method.Tha nottce shall be directed to the P%perty Addresa �:::,:
<br /> - ���"`" or any other�ddress Borrower designates by notice to I,ender. Any nodce to Lender shali be given by fust ct�ss ma�l to �
<br />—:�.-�-a i�� L,ender's address statcd herein or eny other address iendee designates by aotice to Borrower. Any notice providad fur in thia _ _
<br />��_�;___M:: � Secudty Iasttument sha11 be deemed to have been�iven to Borrower or Lendec whan given as provided in thia purugmph. --
<br />-:�;�:,,�' 1S.Goveriilng E.aw; 3everabfUty. '!'hls Secudty Insaument shall be govemed by fedcral law aa� s.fi�a luw of the _ .
<br />�;,,.;�.,.,,�; jurisdictioa in which the Pmperty is locsued. In the event that any proviston or clause of tbis Securlty Insttwn�ni or the Note
<br />�_;,;�.�:,,- � oonflicta with applieable taw,such oonflict shall aot affect other pmvisioas of this Securlty Instruinent or th¢Nate which can b$ -
<br />-_ �"`'""'° �• ' given effoct wlWout the oonfltcting provision.To this end the provislons of thia Security Insuumen4 and the Note are declated =_-
<br />_= �' ; to be severable. E� -
<br />''__� ,_� _ 16.Borro�ver's Copy.Borrower shall bc given one oonformed copy of the Na2e and of this Securiry Iruttu�t�n2nL �_�
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