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<br /> ' sub.r•tantiulty equivulent mortgnge insurunce caveruga is not availnble. 8ormwer shnll pay to Lender each mnnth u num eNuul to �
<br /> ' �one-t�•!fth of the ycarly martBuge Insurunce premium baing pxfd by�ormwer when the insurance cover:�ge lupred ar ccused t�+ —
<br /> be in c�fect. Lender will accept.use and retain thetic paymcnth as a lo�s mscrvc in licu uf murtguKc ingumncc. l..oss rcrcrvc �-
<br /> • pAyments muy no tonger be uircd.at theaption of Land�sr,if mntt��ge insurunce covcrugc(in thc nm«unt und fi�r the perind �„
<br /> ' that l.ender rcquires)pmvid�by an insurcr�p{�ruved by Lender aguin bcromes avuilable und is�btnitt�i.&�rrower�hull pny �,_.
<br /> the prcmiun�s rcquircd ta maintuin mortgugc insurunce in effec:t,or to providu u Inss rescrvc,until thc rccguircment fur mortguge � __
<br /> � insurance endw in occordnnce wtth uny writtcn Ugreement bctween Borrrower c�nd I..tndcr or appficnble luw. � �,
<br /> 9. Inspatton. C,ender or its agent mmy m�kc rcasanablo entriar u�n and inr{nxtiuns of thc Pmp�ny. [.cndcr shull givc �.;
<br /> ' Borrower notice mt the time of ar prlar ta nn inspection speciiying rea�mnnblc cause far the impection.
<br /> 10. Conde�nntf�n. The pmeeeds �f uny uwurd or cluim fi�r dctmn�;e+,dircrt ur cunsequential, i a�connectiun with any� �"
<br /> condemnatian or other inking of nny part uf the Property,or fur conuayunce in licu of candemnatian,ure hereby u.+.iguc�{un --..
<br /> . � '•` shall be paid toLender. —
<br /> In the event af u totnl taking af the Property, tha proceedx shull t�applied to the�ams�ecurai by th i+Security lnxtrumen �
<br /> ;;;;� whether or not then due, with any exces�paid to 6orrower_ In tho evont of a purtinl tuking of tlie Pmpeny in whtch the f�
<br /> • .,,�.;�. market vulue of the PropeRy immediutely befom tha tuking ia equnl ta or grcutcr thnn the amount of the sums tiecured by th.
<br /> • Security Ins[rument immediately before the taking. unless Borrowpr and L.endcr atherwise ugree in w�itin�,the sum,xe�:ured by _.
<br /> this Secudty Instrument shull be rcduced by tha amnunt of the pmoeeds multiplied by the followin� iraction: (u) thc totul
<br /> amount of the sums secumd immedtntely Ncfore tho taking. dfvtdcd by(b) the fair market v�luc of th� Properiy immediutcly _.
<br /> b�fore the takin�. Any bnl�utce shall be paid to Borrv+ver. In the event of a parUnl tnking of the Prapeny in which tlie fair
<br /> ' �• market value of thc Prapev¢Y immediately before tho whing is lass then the Amount of thc sums secured immediately before thc
<br /> taking, unless BUrrower und Lender othemvis�agnee in wdting or unlass upplicable Inw othenvise provida, the pracec:ds shall
<br /> , .r•.,� be upplied to the sums secured by this Seruritv Instrument whether ar nut the sums are then due. —
<br /> If the��perry is nbandoned by Bornaker,or if,aftor natice by Lcnder to Barrower that the condernnor offers to make an
<br /> ' awArci or secde a cinim far damages, Borrower fAiIN co raspand to L.ender within 3Q days ufter thc date the notice is given,
<br /> � P.�nder is uuthorized to colle�t and nppty ehe prooeede.ut itu option,either to restoratian ar,repair of the E�roperty or to the sums
<br /> • sc;,ured by rt'his Security Inssuument.whcaficr or not then due.
<br />- � Unles� Lender and Bornower oth�r��i5e egreti; in wdting. Any applicadon nf proceeds to princi�sal shutl not extend or
<br /> postpone the due date of the monthly pnyments referred to in paragra hs l and 2 or chunge the amount of such payments. `
<br /> 11.Borrower No!Beleosed;Forbeararcce�ly I.ender Not a�uiver.Extension of the time for payment or moditicut�on
<br /> - ��f amartiration of the sums secured by thiR Security Instrument granted by i.eader to nny successor tn lnterat of Eorrower shnil
<br /> .� �•� aot operate to release the liabiltty of the ori�inal Borrower or Hurrower's successors in interest.L,ender shull not be required to Y=
<br /> commence praeedin�F againss any successor �n interest or rcfuse to extend time for payment ur othenvise modify cunortizudon _
<br /> � w;��K: of the sums securcd by this Securiry Lr.asuument by reason of uny demand made by the origin�l Borrower or Borrower's "�
<br /> , y�.,�,
<br /> � �,-.� successors in interest. Any forbearance �y Lendsr in exercising any right or remedy shall not be a waiver of or preclude t �
<br /> .t� exerctse of any right or remedy.
<br /> ., r;� 12,guocessors and e�ssigas Bound;Jolnt and Several Y.iabiltty; Co-sigaers. The covenants and agreementa of this
<br /> :=i�.• �ecurity InstNment shait 6ind and bertefit Qie successors and ttssi�ns of I.ender and Born►wer. sub}ect to the provistons of
<br /> �� p�rsgrsgh !?. gorrQ�cr's rovPnent� end agreementy shall be ioint and severnl. Any Borrower who cas3gns this Sectulry _
<br /> - � `� Inshument mu�does rtat eaecuto the Nua�:(a)is co-signin�this Secaarity Insdvment only to mortgage. grant and wnvey that
<br /> Borrower's imerest ln the Property und�:r the tcrms of this Security Uau�irument; (b)is not personally obligated to pay the sums
<br />���"�r�Iri�"' secure�by this Securiry Instrumert;enct tc)a�rees that Lcrtder and Ar�y�other Borrower may agrce to extend, madify,forbear or
<br />=�'e'.�:{�r"'� make any accanmodattons with regard ta thc terms of this Security Instrume�rt or the Note wtthout that Horrower's consent.
<br /> '=-�-r� 13.I.oan Churges.Yi'ahe loan secured by this 5ecur�ty Instn�ment is subje�t to a law which sets rnaximum loan charges,
<br /> "��^'°�:'���:%' and that Inw is tinnlly interpreted so that�he interest or other loan cBarges coltected or to bo collected in connection with the _
<br />���'�ztr`'fi''� loan exceed the mutted limits,then:(s)en such loan char e shalS be re�duced by the amount a ryto reduce the charge -
<br /> -�R��s�•;:s��' Pe y 8
<br />__s�,�.ty4�`__ to the pe�mitted I�rr�r nnd(b)any sum�already collected from Borrower whEeh exceeded permitted�lir�mits wil!be refu�ided to
<br /> ..��,�r;:� Borrower. Lender may choose to ninke thts refund by reducing the principal owed under the Note ar by making a dlrrct '
<br />:_,,:.;;_t�,;,� payment to Borrower. If a �+efund reduaw principal. the reduction w�ll be t�+eated as a partiel prepayment without �u►y �
<br /> --� pmppyment charge under the Note.
<br />--T�''�.�� 14.Notic�.Any notice to Borrower provlded for in this Security Instrumcnt shult be�iven by del ivering it or by mailing
<br /> "`""""�"" it by f:rst cisus mail unless upplicabie Inw rea�uires use of another method. The notice shall be directed +to the Property AddrPSs
<br /> ��� or uny otlne�addmss Borrower designates by nodce to Lender. Aay nottce to Lender shull be given by first class mail to
<br /> - ,�� Lender's Fddc�s stuted herein or any othcr eddress Lender designue¢s by nadce to Borrowor. Any notice pmvidod for ira this
<br /> �,�,,; Securtty Insi�ument shall t�deemed to havc been given to Borrowcr os I.ender when given as provided i n this parasraph.
<br />- --_---- 15.Goveruing Lao�; Sevembiltty.This Securlty Insuument shall be govemed by federal 13�v and the !aw of the
<br /> � jurisdiction in which the➢°toperty is located. in the event that siny pmvision ar ct�use of this Secudty lnstrument or the Note _
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<br /> ����rq,{�; confiicts u+'s�fi appltcable It�w,such oontiict shall not affect other pmvisions of this Securlty Instntment orthe Note whtch cun bo,
<br /> _. j;_�� given effect without tho oonflicdng provisfon.To this end the prorisions of this Secudry Instrument actdthe Note are declaresl
<br /> __�'°'°'��'"� to be severable.
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