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<br /> paymentR mny no lonBer be requieed. nt the option of l.ender,lf rnort�ags insurunce coveraBe(in the nmount cuid for the period "
<br /> ..' �� that L.ender �quites)psovided by nn insurer agpmved by I.ender nguin becomes pvAilable und ie obtnlned. Sorrawer ahsilt pay E.....
<br /> ". the peemia�ms eequired to maintain mortgnBe lnaurnnce!n effect. or to pravido u loss r�eserve,utitil the requirement Wr mortBaIIe
<br /> ineurance ends in uccordance wlth uay�vritten n�reement betwcen Barrower and l.ender or npplicable law. ••
<br /> 9, It�y�ectlon.Lendcr or its aIIent mny mnke reasonubic entdes upon nnd 1nspECtions c�f the Propeny. L.ender ehull aive .
<br /> ° Bomo�vee notice nt the time of or prior to nn iaspection apecilylnB ce.sonnblo cauae foe the i�apection. � :r�,:
<br /> ' 10. �mtdenenation. The proceeds of nny nwnrd or cicim for dtunnIIes. direct or consequential� 11i connection wlth any
<br /> � �� condemuution or other wking of any pan of the Progerty. or for conveyance in lieu of conder�uiation, ore hereby assigaed nnd '�}.::
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<br /> `„�_. _� ahall be pald to Lender.
<br /> � --. -• In the event of o tot�l taking of the Propecty,the praceeds shall ba applied to the sums secured by this Sfcurity Instcument, .,;
<br /> � evhetber or not then due, wlth ttny eaces�paid tu Borro�a+er.In the ovent af tn partittl talcing of tho Proparty �which tds fuir "`v:i
<br /> merket value of the Proparty immedintely before the taking ia equal ta or gtepter thstn the nmount of the suma secured by this
<br /> Securiry instrument immediately beforE the takiag,ualcss Borrower and Lendee atharv�ise aQree ia wddnB.the sums secured by
<br /> thls SecurIry Iastrument shall be reduct;� by the antotutt ot the pr+nceeds muldplied by the following fractton: (o)the totnl
<br /> � � amouat uf�he sums seaured immediateiy before the �akin�,dtvided by(b)the fair market valua of the Propetty immediately ,_;�.;.
<br /> , ; � _
<br /> ' bafoxo the talcing. Any balaace ahall be paid to Borrower.Ia the av�nt of a partinl taking of the Property in which the fnlr •,�`;ti.:
<br /> •� �� ' market value of the f�roperty iinmediately before the takin�Is less thnn ttee aaeouut of the sucns aecured imuied[atoly before the �
<br /> " � � aaking,unless Borrower and Lender ot�eiwise agree in wridng or ualess applicable law othen�vise pmvides. the proceeds ahall �•_�
<br /> 0e applied to the sums secured by this Security Instru�aent whethet or not the sums are thea due. ����
<br /> � � I[t1�e F,�opefty 1s abandoned by Bormwcr.or if,after aodrx by Lender to Borrowsr that cho condemnor offers to mnlse an _.��
<br /> ° ,•, � awanl or senle a claim for damages, Borrawer faUs to respond to Lender within 30 days after the date the notice is Biven, �-.�:
<br /> Lender is uuthorized to collect and apply the proceeds.at its option,either to restoration or repair of the Property or to ttte suias
<br /> gecured by this Secudty Insxrunasnt,whetlier or not theu due, ��_°
<br /> • �' Unless I.ender a8d Sorrower otherwise agree in wrltin8. enY application of proce�ds to prfacipal shall aot entead or -
<br /> � s one�he atue date of tAe monthI a menta refe r r e d to i n aragrap hs 1 an d 2 o r c h a a g e t h e a m o u n t o f s u c h p a y m e n t s. �-�`_=-
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<br /> 11. �rrovrer Not Releused;Fozbeara�ce By Lender NoY n Watver.Factension of the ttme for payacent or modifc�un _
<br /> of emonization of the sums secured by tbie�Security Iastrument�ranted by I.ender to any successor iu iaterest of BorroweY shall _
<br /> ° a nut operate to release the liabiliry of the original Borrower a Borrower's successois in interest. Lcader shall aot be required to �
<br /> � �`, oommence proceediage against any susxessor in ipterest or refuse to extend time for payment or othenvise modiPy t�nortizr�tlon _
<br /> 4t` of the swns setw+ed by this Secura�j Lnstniment by reason nf any demand mad�e by the oriBival Borrower or 8orrower's _
<br /> .- - �,,= y��.,;Q;��; ,,���. pA; fQ���y 1,��iPr in exe�cisina any dght or remedY s1►aU not be n wuiver of or preclude the —
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<br /> . ,, ea�ercl�e of any dght or remedy. _-
<br /> � " • �' 12. Successors and �igns Hound;Joi�►t und Severnl LlabWty; C�i��m�. The covenaats and agreements of thia
<br /> `'�:!},, � �enurlty Yastrument shaq bind and benefit the successors and asai�ns of Lendee And Borrower, subject to the provlsioas of
<br /> . pAragrapb 1,�. Borrourer's covenants aad agceements shall be jotnt and several. Any Bonower who co-sigas thls S�curlry
<br /> ,� Insuument but does not exesute the Note: (a) fs co-signiag this Sacurlry Iasuuuient oNy ta mortga�e. gcant and convey e�."v�t _
<br /> � �omower's interegt ia the Progerty under che terms of tPzis Security Instruraent;(b)is not petsonally obligated to pay the s��s
<br /> sscured by thia Secudty Instrument;and(c)a��ees thnt Lender and any other 9orrower may agree to extead.��ii'y+.forbear or
<br /> � make any accomrtu�dations with resard to the terms of this Security Instniment or the Note without that Borso�ver's con�ent.
<br /> - 13. Los�n Chnrgee9.Yf the losu►saured by this SecurIry Instrument ia subject to u law wbich sets maximum loan charges,
<br /> � ' i nnnd that law Ia fmaqy inteipreted so t6at the intemst or other loaa charges collected or to ba coltected In conneetion with tLe -_
<br /> -_ . loaa exceed the peraiItted limits.then:(a)aay such loaa cherge shall be reduced by the amount necessary to reduce the charge
<br /> :.-'«;,�''. �'a� w thepermitted Itmit:and(b)any sums alreudy coltected ftom Borrower which eaoeeded permitted iLnita wW be reti�aded to
<br /> �?j'",`` ���'"�� Sorrower. L+euder may choose ta raake ttua reflind by reducing ttte pdncipal owed wcder the Note or�Sy Qnaking u direcc
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<br />-;- - . ���,.., payment to Borrower. If a neetlwd reduces principai, the reductioa vs�ill be treatod as a partial prepoyment without any _
<br /> � �. �, prapuy�ent cherBe undsr the Note.
<br /> �:,�k`��f,t 14. Noijces.Any notice to Eor�wer pmvided for in thia Securlry Instnuneat shall be giv�n by detivering it or by maiting __
<br /> - ' it by first class maU ualess applicable luw requires use of another method.The notice shall be directed to the Preperty AddrBSa _�
<br /> ' „ .: �, or any other address Botra�ver designates by uotfc�to Lender. Any notioe to Zmder shaU be given by �rat class mail to -_
<br /> -- . � Lendet's add�ress stated herein or any other addn�s Yxn�ler designates by notice to Borrower. My notice provided for W thta ---
<br />����:�;�.���i��� Secteriry lr�strumeat shall�deeme�to hAVe been given to Borc�ever or Lender when pt{ven as provldal ia this paraRraph. 4_
<br /> - ^.�''r;���s�t� IS. Gaverning E.aw; 3evernlr9D13Y. 7'his Securlry Imtn�mcnt ahail be govemed by faferal law and tho law of tRo --
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<br />,';;,,„, . :_ , � jtuisdiction fn whtch tbe�roperty is locate�. Ia the event that any provjsioa or clause of this Srxurity Insttument or the Note __.
<br /> ;:���' .• '" confllcts with applicable iaw,such conflict shell not affect other provlsions of t�ls S�cudty Instrument or We Naie which can be � -
<br /> � . � given effect without the conflicting pxovision.To this end il►e pmvistons of this Se�urlty Instrument aad the Note are dec l t u e d ��__
<br /> " . 1' to be seexrable. �,.
<br />_� � fi lb.l�ur.rower's Copy.Borrower shall be g{ven oae oonformzfl�opy of the Note and of tP��s S2curlcy Iasuument.
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