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<br /> ' pnymenta mn�r no longer be required,a�eFie option�f I.a:nder,if mortBnge insuronce cov�raIIe(in the nmount nn far tha periasl �
<br /> '� � ' � • that Lender' requfres)provtded by ua inaurer approvcd by l,ender ugnln becomes avnilttble nnd is obtnlned. 8orro��rer ehntl pny �.
<br /> , � the premiuma requlred to malntnin mortanIIo inaurunca in offect.or to provfde u loss reserva,unttl tho requlrement far mortQuge -�
<br /> � � insurnnco oads ln accordnnco wtth nny wdttan agreeenent benveen Horrotiver and Lender or npplicnblo Inw. :.
<br /> 9. Inspccitun. Lcnclet or 1ts uBent mny mnkc mnsonablo entrlca upon nnd inapecdons of th� Pcpparty. L,cndor ehatl give '
<br /> Barrower nottce nt the timo oP ar prlor to nn lnapcction opecifying reusonablo cause for tho tnapcction. �,
<br /> ` 10. Condemnutlan. Tho procecde of nny awnrd or claim for dumagea. dlrect ar wnRequentinl. in.wnngctlon with nny -
<br /> , ,, candc�nnatton or othcr taldng of uny ptut of the Property,or for conveynnce in Iteu of eonAemnntinn,nre herehy n9stBrted ond ;
<br /> „ 3�� shnll be paid to Lcndcr. -
<br /> � �� In tho evcnt of n total taktng ot tho Propany,tP�o proceeda ehull be npplied to the suma aecured by thie Securlty lnsttument, _
<br /> ����^'�' �vhothoc or aot then duo. wfth cuty exceas p��id to�otro�vet. In tde event of n purtial tuking of tho Property !n which the fair -
<br /> �' •"'"""�`� markct valuo of tho Propeny imraediately before the taking Ia equnl to or Brenter than the arnount of the sums secured by thie _
<br /> :.f Secudcy Instrument immcdintely before the taking,e�niess Borrower and Lender otherwisa ngcee ta w�dting.the sums secured by -
<br /> l g this Securlty lasttument shall be redaced by the amount af the praceeda muldplied by the following fructlon: (a)the total
<br /> � � umuuat af tho sums securcd immediutely befores the teking.divided by (b)tha fuir market value of the Property imraediutely
<br /> beforo tha taking. Any balance shull be patd to Bormwer. In the csvent of a partial takl�g of the Properry in which tbe fnir _
<br /> � market valuu of the Property immediutely before the IakIng is less than the nmount of the aums scsumd immediately befare the
<br /> t�ng. antesa Borrower and Lender othenvise agree in writing or unless applicable law otberwlse provtdes,the proc�s shall
<br /> .;; b�Applied to the sums secured by this Security Instrument whether or aot tho suma nre then due.
<br /> If the Property is abaudaned by Borrower.ar it,ufter nodce by I.ender to Borrower that the condemnor offers to make an
<br /> • '`''� uwurd ur setde a claip�fnr dsmages. Borrawcr faile to respoad to I.cndcr vsrithin 30 days uRer the date the notice is glven.
<br /> Lender is authorIzed to wllect aad apply t&e proceeds,at its optton,either to restoratioa or repalr of the Property or to t�te aums
<br /> .���,;. secured by this Securtty Insttument,whether or aot then due.
<br /> Unlesa Lender and Barrowor otherwise agree in writing. aay applicntion of pmceeds to priacipal shall not eatend or
<br />��' ;`�`�'' postpone the due date of the montbly payments refernd to!n parngrapha 1 azcaIl 2 or cLaage the amount of such payments.
<br /> ����,�.,y�, i Y.Borro�ver No!Rele�sed;Fprbearunce B�+Lender Not a Wniver.�tensIon of the time for payment or modification
<br /> ,. � of amaatizAtion of the eums seCUred by thla Secwiry lnatrumen2�ranted by I.ender to uny successor ia lnterest af Borrower ehall
<br /> ,:��� not operate 1to release the liability of the origiasil Borrower or�arrowcr's successors in Wtereat.Lend�r sball not be nec�uimu to
<br />: -.ti,�,�,-:t" commence pmceedings againat aay successor in laterest or�t1�s�e to extend tlma far payment or otherwise modify amor�ia.atioa
<br />:•er�:.�.,;
<br />:.•.r<ti•ti••., of the sums secured by thia Securlty Iusuument by reason of any demaad m�We by the originai Borrower or Horrower s
<br />•=mx.�';`� successors iia lat�rest. Any forbearuace by Lender in exercisfng any dght or remedy ehatl not be a wutver of or preclude the
<br />_'_^�,x .. � e�eccl�af ss�;sf;hi ur reu�sl;.
<br /> �:"��'����' 12. S�ccessors snd Assi Bou�tdt Jaint aad SevernU Q.9flbf11 i CasJ ers.'E9�e covenants aad reemxnts of this
<br />::;�!,._' `� 8ns tY � a8
<br /> `-`''�`y`'� Secudty Instnuaent aball bind nnd beneflt the sucagsors and assigas of Lettder and Bornower. subject to the pmvlaioAs oY
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<br />__.�,;;�,,,�..� parngraph 17. Borrower s covenants ead agreements shntl be jolat and se�ve:al. Any Bon+ower who co-signs thls 5e�'urlty
<br /> �- ��"-� Iastnunent but does not exe�ute the Notc: (a) is ca•signing thia Security lnsTnunent only to mortp�ege. grant and oonvey that
<br /> =="W°�'?�� Borrower's iaterest in the Pmperty under the temis of this Securlty Ipstrumeut;(b)ia not persoaaily obllgated to pay�tce suma
<br /> -_:_Y�+�;���� securcxi by this Security lantrument;aad(c)agrces tbet Leader and w�y other Bon+ower may agree to eatend,modity.forbear or
<br /> -�:.-�;� muke a�s�y accommodatioas�vitb regard to the terrt4s at thia Securiry Insuument or the Note without that Borrower's consent. _
<br /> :��a�.,� 13.Y.onn Chnrges. If the toan secured by tbia SecurIty Ibsm�ment ie subject to a Inw whtch sets maaimum�loan charges.
<br />=-'=s'"�-?� And that law Is finully interpreted so that the interest or other loaa charges coilected or to be wllected in connection with the
<br /> -���ro� laan ex�eed tbe peruijttcci limite.then:(a)aay such loan charge shall be�duced by the amount n�cessary to reduce tha charge
<br /> ---�.;.; to the pem�itted timit;and(b)uny sums already caliccted firom Borrower�vhlch eaaseded permitted limita wW be x��nded to
<br /> -`�=�`�� fimrrower. I.eader may chooSe to m�ake this retLad by reducing We principal owed uQder the Note or by mnking a dtrect
<br /> �-_--- payment tp Borrower. IY a refund reduces prtncipat. the redacdun wllt be created as a purtiai prepaymcnt withaut aay
<br />.__._v_�_�.� prepuyment cherge undar the Note.
<br /> --- 14.Plotices.Any nntice to Borrower provided for in thia Seciulry Instrument shall be given by dPlivering it or by maillng
<br />-__--�- -� �t by first class mail ualess appiicable law requites use of tutother method.Tha notice shall be directed w tha Prog�r�y Addness
<br /> �� � � — or any �ther addresa Borrower designates by notico to Lender. Any nodoe to Lender ahall be given by firni clt�s mail to
<br /> -=�.�.�,:,� Lender's address stated herein or eny other uddress Lender desigaates by notice to Borrower.Aay aotice pmvided fot ln thia
<br /> — Secudty G►strument shall ba dcemed to duve been givea to Borrower or E.ender when given�a provided in this paragrnph.
<br /> - --= - 1S.Guvcra�ug Luevi Severebiifty. ihis Sec�ricy Inscrument :haii tsa governed by fakrat Iauv aad ttce ta�� of e1:e
<br /> °"'�"��"'�'- juri:diction in wbich the Pcaperty ia located. In ttte event Wat any provision or clause of this Secudiy Iasaumeni or thc Note
<br /> °-`i'.:,,�'�+,'`�� contlicts with uppUcabie law.such couflict shaU not affect other prnvisiona oP thia Secw�Ity Ipstruaaent ur the Note r.�hlch can be
<br /> "''��� given cffect without We conflicting provision. To tLis end the provisions of th[s Securlty Insttwaent and the Note are�erinrec!
<br /> to be severublo.
<br /> =`�";�.� 16.Iiorrowcr's Copy.Borro�ver shall be gtven oue oonformed copy of tha Note and of this Secudty Inanument.
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