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<br /> paymenta muy no longer be reguired.at the opiin i of�nde�n�t i aBu�n becomenvailab e cucd+is obtn ncdn Bordco ver�ahnRll pay � �`
<br /> t hu t L e n d e r ce q u i m s)p r o v i d e d b y u n i n s u r e r a p p Y
<br /> , the premtunis re9ulred to mnintnin monguge imurnnce in etfcct,nr to provido u loss reserve. un t i l �h a r e q u i r e m c r t f i�r m o n B n3 G _
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<br /> ►nsurnnco ends in accorduace or tts aYe�m y make reusonnbleenul s upon�a�►d inspectlons o�f�e Pr vpeny. L.cnder�hall nivo � _
<br /> 9. inspection.l.k 8 � -
<br /> Rorrower notice ut the Nine of or pdor to on iropection specit�ring reaso�►nbte cnusa for the Mspection.
<br /> ? 10. Coudempatton. t�he�f�°f tte Property.ur torf oonvoysnce�in lieu of oondemna lon. are hereby�nssigmed and
<br /> � condemnation or ott�er taldng Y P �
<br /> -.���'i shnll be paid to I.ender. lied to the sunis serut+edby th1R Security laetn�ment.
<br /> �;-�;�'� In the eveat of a totd taking of the Propeny�the pmceeds shall be apg �wbtah the fnit =
<br /> ^ , �vhet6er or aot then due.with anY excess P�d�°B°n'°wer. In the event of a pnrtint tnking of tha Pnnperty ;';i
<br /> ' ' ; murket value of the Propeity immed�ately�efor�the wkiag ia equal to or Breater than the amount of the swns sccuced by thia
<br /> � + Secudry Instrum�nt immediately befare the ta+kluug.unies�Bormwer and l.ender othe�wise t�tee in�vriti�iQ.the auma secuc�ed by _
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<br /> ,,;� �t►iB Securtty insuument shnll be reduced by thP amount of the proceeda mulitpfied by We followinQ fmctton: (a��iutel� _
<br /> amouat of the sums secured�mmediately bc:fore the tuking.divtded by (b)the fair uaarket value of the Propertl► Y
<br /> � ` before the taklnE• Acry balance ehall be paid t� Boreow+er. 1n the event of n partlnl tokinB uf tbe property i°whi.ch thc inir __
<br /> � market value uf the PropertY imiaediately before the tatc�►g ia tess than the°m�le law othetwis�pt��ovid�a,the Pcoc�ds shrJl -
<br /> taldug,unless Eorrower and Leader otherwise agree ia wciting or ualess aPP
<br /> . ,.. h�applied to the sums secuted hy thig Securiry Inswme�t whether os aot the swns are tt►en due. -
<br /> . ,t If the PmpeKY is�b�doned by Boirower. or it,after aoiice by i.endcr to Borro+ver that the a>ndemnor offers to m�ke an
<br />� award or settle a claim for damages. Barrawer faila to cespond ro l.ender within 30 days aft.er the dnte the natice is�iven, -
<br /> � Lender is a�e9eu�zed to coUect and aPply the pt°c�ds.at its option.either to restoratioa or repaia of the ProperiY or to th�sums -.-
<br />. `'�'v, �u�ed by this Securit}+Instrumeat.wheth�=o�not then due. _
<br /> • •, '��r Ye,;� in writing. enY aPPlication of pmceeds to principal sttaU not eatend ot
<br /> ..:.,�. ; pnless Lender and Barrower othervise a8cee �1�d 2 or change the amouat of such puym.ents. _
<br /> • pnstpane the due date of the mnonthly paym�nu refeiTed to i�n paraBraP
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<br />�� ; � `' il.Bon»wer Not II+i�e9�sed.Furbeatr�tce By Lender Not n Watver.Extension of the dme for payment ax modifi an
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<br />� - •��( af atnortizadon of the suas secuced bY this Securlty Inst�nt granted by Lender to any successar in interest of Borrowea shall
<br />�������.' �� aot operate to release che llability of the original Hoirower or Borrower's successora i�►interest. I.eader shall nat ba reqwicad w _
<br /> `-:�;:,�.,�;' • oammeace pmceedjngs a8ainst any sucoessor in interest or reflise w extend tirae for payment or otheiwise atodlgy tuworti�atian
<br /> � '��.' of �he sucas secured by this Securlty Iasuuaient by ceason of any demend made by [he origiaat Borrower or Bomawer'o
<br /> ^,�,�• ..�_ , ,��Qr�,,,ady shall not 6e a aaiver of or precludo the
<br /> . sttccessors in interest. Auy foibearaace by I�dcr w��rc1slAg su; °
<br />�. . .; ,� � exerc[se o�arny rlght or remedy. �,� ere.The c�venants and agte�ments of thia
<br />�;;.,..; �F�•'•' ,
<br /> � Y.�, ��;;'` 12. 5uocessuxs and Asstgns Bo�;lolnt stnd Severel Llt�99i Co-s1IIn
<br /> �:`��,�;� �f � Security Insttumeat shall bind aad bene�iZ the st►ccessors and assigas of Len.der and Sonrowet,subject to th�provisioag af
<br /> t.:�:x,:��`, P�B�Ph 17. Borrowe�t's �vvenants aad agre�ments shaU be joint and sevetni. Any Bono�vu who co-sigas this Secuciry
<br /> 4„�,.�.: , Y and conve that
<br />'���1�"-'� , Iasm�ment but doea nttt exz�ute the Note:(s) is co-signing this Securiry Insu�mcat oNy to moRgage. gcare Y
<br />�'!•',.'��`� • usder the tern�of this Secud�Y Insuument; (b)is not personnlly obligated to pay thc awns
<br />=�r;�`"��� B�rrower a interest in tY►e�'ropertY
<br />__.;,r,_„•� ��by���ty��nent;and(G)agr�s that Lender and any other Bonower may agreo to extend,madiPy.fa�beat or
<br />"'L''=-"'.` to�I►eterma of thia Securiry inacnunene or the Nou,wtthout that Borrowar's consent,
<br />�Kr+"s'i;�; �ake a°Y A°�°�°°�O����� Insuument is subJecc w a la�v whi�h sete maximum loan cliosges�
<br /> <<,i�}.' 13.Logn Charges.If the loan secured by thta Security
<br />�";%`-4?t`�;._ and that luw is tinaily iatetpreted so that the interest or other loan chargea collecced or to be collected in connect�on wltb th�
<br /> -':,'"""� such loan charge sha11 be reduoed by the a�aount aecessRtY aa r�duc,ct the c�arBe
<br /> toan exoeed the permitted Uiaita.then:(a�a�Y
<br /> `. eo the pessa��IUd liwit:sud N)�Y sums a]nadY coAected from Borrower which excadod permitted timite avUi be rc+fwyded to
<br />.,�*s�c,�,�:;;c,"'.�
<br />— _ :.%�.,� Boirawer. Y�nder may chooso to mak�e thts reti�nd by redusing tbe priacipal owod under �ha Note or by�making�d1�Y
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<br /> ---_-- -- P�Y�t to Born�wer. Df a refund �duca principal. tha redu��ivn will be trrated as a .�acdial prtpaYman u
<br /> �;i-� prepayanent ctiar8e un���o Note.
<br /> --�:���'� 14.Noifcxs•AnY nfltice to Borrower pcovide(1 ffmT in thls 3e�udq+�suumont shall be given by deliver3�eg it or by tn�flLoB
<br />---°.r�,��i� it by flrst class mail unless aPPlicable law requires msa of anot�er meth°d.Ttie notice shall be directeti ta shu�ropertY Addresa
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<br />- ��.� or any oth�r nddmss Bomnwer deslgnates by notice w 1.ender. A�ny notice to Lcader shuil bo given by-fuac a1a.u'us mxil to
<br /> -_����_� [�►der's aii�tress atated herein or any oiteer addm,�s Lender c1c�lgs�ast�bj�nodct to Mrrowe,�.Any natiee ptovlded fot ou�this =
<br /> __ — �uairy Instn�ment shall be deEmed w ha►ve been g�d�en to Borrower or Lcndcr when given�s Pfederal a�►nd th�t�+ t�f the
<br />-'""""';°`� 15.Gov�autng IIma; Sev¢rabiUty. '14iia Seciirity Instam:.m shalt be governed by .
<br /> -������'°�'�' jurisdicdop in which t1�e PmpertY is located. In tbte event that any pmvision or clauae of thi�Se�urity lnstrument or�he Note
<br />```'�'"`�,'°; licable law,sush conllict shall not affect othet pmviaions of thia Security Ins�rmnent or ttta Noto whic'm�n be
<br /> .•.:��:<<r, ' oonfl{cts with aPP
<br /> 4���;'��' ''' given effect wlthout the contltcting pmvision.To tbis ead ttee provisions of thia Security Ias25uraent and tb�e Note are decinre�d
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<br />=y;u:.s�,�,,�,, to be ceverable. of the Note and ot this Sccurity qastn�ment,
<br /> u � .�• ��:; � Horrower shall be ives►one oonfoimed ooPY
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<br />���:,•... � ,,:� 16.Borro IP3• Fo:m 8�28 eteo
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