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<br /> � ' �� �, , Raymenta muy ns longer De required. nt e optton of lxnder.if mort�uge inaurance cov•�N e(in the nmaunt and for the period ��__
<br /> ;' ' t�at Lendcr requires)ptovided by en inaurer appmved by Lender agnin becomes available ared is obwined.Boerower sliall psty ,-=__
<br /> . tho prcmiams required to aiaiaudn mortQoAe insurnncc in effect,or to pmvide a loss reserve,until the cequireraeat for inonguge E f.__
<br />� - ,:: °:{_�?; insurance enda ia accordance wit�any wrlttea agreement between Dorrower and Lendsr or app�icnble tuw. -
<br /> " 9.Faspcc4do�. Lender or its a�ent muy mnlce mASOnable enules upoa and inspect ions o f t he P r ogerty. L eu der s h a l l�iv e F,.,-
<br /> � • �' Borrower aodce at the dme of or prlor to an insgectlon spccifying reasonable cau�e for the iaspection. `
<br /> `�`�" ��`�'�:� 10.Condemnattop. The p�+nceads of any av�ard or claim for damages,direct or consequential, ia�onnecNon witb any
<br />,.� . cmndemnation or other tekin�of aay part of the Property.or for coaveyaace in lieu of condemUadon.are hereby assigaed and ��
<br /> - shall be paid w Lender. _
<br />=`""� In the eveat of a to�al takin�of the Progerty.ttie pmceeds shall bs applied to tLe sums secured by thie Security Instrument. _
<br /> �� whether or not then due. witL any e�ccess paid W Borrower. In the event of a parttal taking of the Ptoperty in which the fair
<br /> -'�' market value of the Propsrty immediately before the taking is equal tp or gmater than the amount of the:ums aecured by this __
<br />-,. .-:-:�:� S�curlty Insuuffient ianniedIately before tbe taldna.waless Borrower and Lendet atQenvise agree in�vritiag,the suma secured by ---
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<br /> :° 4k .� :: , this Secatity Inspvment shall bc reduced by ths amount of the praceeds mulYlplied by the following fraction: (a) tbe total -
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<br />,:Yh;',.',�i;��c!�i�i,,;'si:` amount of Y6e sums secured immediately before the taking,divided by(b) the fair market value of the Pmpeiry immediat¢Iy
<br /> ::r.'?{�,,`z:,.t:5;;;��is; befot+e We ttildng. Any balance shall be paid to Bonower. In the event of a partiel caking of the Ptoperty ut which the fair
<br />�,��_�����;,�� market value of the Property immediatety before the teking is leas than the amount of the sums aecured immediately before the
<br /> '�'�=';�-' ��= taking,unlesa Born►we,r and I.ender otherwise agre.�in writing or unless appllcable law othe:wise provides, the pmceeda shall `
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<br />---;;,;�,_�,� be applied to the sums secured by this Securlty Instrument whether or not th�aums are then due.
<br /> __r;w;,�-�;;. If the Property is abandoned.by Borrower,or if.after aotice by I�ader to Borrower that the coademnor offers to mak$an
<br />�__.��,_; award or seule a claim for dnmages.Boemwer f�iis to respottd to Lender wlthin 30 dnys utter tho date the aotice ie Biven,
<br /> ----- Lender!s authorized ta calleet aad apply the pmcteda�ut its option,either to rcstoration or rcpalr of tho Pcope�y or to the sums
<br />'_"�_��.�}� ecsured by�hfe Sccority Inetcurrtent,whcther ot noi thcn duo.
<br /> -- llnlcae Lcndcr and Borrowcr othcrwigo agrco in wNting. any apyHcAtl��oP pmtc�da to p�lnclpal ahaii not oxtend or
<br /> ----- - poacpnno tho dua dato of tho monthly paymenta raferrcd to in Qarugruphe 1 and 2 or chango tho nmowta of each paymonce. -
<br />�-�--��� 11.I3arrower Nat lteles�eed�Forbwronee I6y Leader Not o Walver.�xtenstQa of tho Nme for ps�ymcnt or moditication
<br /> -�Y of emortl�ntton of tho euma secured by thie Sceurtty laswment granted by Lcadcr to any succcasor ln iaterest of Borrower ah�ll
<br /> � not operete ro releaso the ItabSlity of tluo adginal Borrower or Borrowar's suaessore in Iatercnt.Lander shell not be aquired to
<br /> -=_� camaneaeo proceeding$agaictst any sucxssor in inureat or refl�sa to eatsnd tirae fur payment or othetwise modify amortizatton
<br /> -�.._— of the sums eecund by thta Seoucity Insmmtent by reasan of any dem�md made by ttee original isormwer or Borrower's °
<br /> -°-_° successora in inunst. Ax►y forbeatance by Lender in exerciaiag any rtght or remedy shall not be a wuiver of or preclude the _
<br /> �— exercise of any rIght or remedy.
<br /> - 12. Succcssors and As.tgns Bot�di dofnt end Seveial Lia6Wty. Co-si�ens.The covenants and agreements of this
<br /> Securlty Insuumens shall bind and benefit the successors and assigns of Leader aad Borrower, subject to cte pmvislans of
<br /> paragraph 17. Bo�awer's covenants and agreements shall be f oint and several. Any Borrower wha co-sfigns this Securlry _
<br /> Insuummt but dces not execute the Note: (a)is co-signing thic�Seeurity Insaument only to mortgage. grant and convey thut
<br /> _�:� Bozrnwer's iaterest ia the Proprrty uader the tcrms of this S�curity Insm►menc: (b)is aoi persoaally obligated W pay the sums
<br /> -----� securefl by thia Socudty Insccument; and(c)agrces Wat L.ender and any other Bonower may agree w extend.modify.farbear or
<br /> malce any aocommodatIons wTiW regard to the terma of this Seeurity Insuument or the Note arlthout that Borrower's conscnt.
<br /> -�" 13.L�nn Charges.If the loan secured by this Secudty Insuuiaant is subject to a law which.sets maxjmtuu�toan charges..
<br /> � and that law is 8nally iateipreted so that ttie interest or other loan char�es collectad 9r to be coliccttQ in conuxtiom with�t�ie.�.
<br /> loan exceed the peraniaed Iiinits,then:(a)any such loan charge ahall be reduced by the amount n�cessary io aeduce the c6arge
<br /> to the peratitt�d 11mit:and(b)anY sums alneady oollected•from Borcower which exe,eeded pera►itted limits w�l�J tie�funded to --
<br /> --_-=-.:a� '�orrowu. Lender may choose to make this cefund by reducing the principal mv$d uader the Note or by nlutdng a direct -
<br /> - .,:'� paYment to Homower. ff a refund re�iuces prlacipal, the reduction will be treated as a partial prepayment withaut any _
<br />- -- --- k� piq,r�jru�at chasg�uada�the Now.
<br /> - - --=`��, ' 14.Notices.Any nodce w Borrower provided for u►.tl�is Se�vrity Instcua�em shaU be given by del�vexing It or by mailing
<br /> --- it by first claas mafl unless applicable law requires use of anoiher method. The nodce shall be directed to the Property Address
<br /> ----;:_.� �o:any other address Borrower designutcs by nodce w Lender. Aay notice to LenTd,,er shaU be given by Srst:class matl to .
<br /> _ ---__-__._�._ �er's a�i�ic�as siat�,t����:a:,:a:�y at3�.,�r�dr�Le�c3er @�i�pas=a b; nas's�p ID L�SP�AtIfPI. A�IIj ae*_{!ue=*_+�vl�c.�fc,r i� �M�
<br /> Secudty Instn�ntsm sha►1 be deemed to have been given to Borrower�r i,�cd�t wLeu givc�av provlded iu tbis paragraph.
<br /> 15.Governing Law; StverebWty. This Sec�►dty Insuvritent s1�a11 ba gov'erned by fedecal law and the It►►w of the
<br />-- —= jwisdicdon in which the Property is lacated.in the event that any provision or clause of this Security L�sutuneAr or the Note
<br /> - conflicta wit�applicable law,such conflict sball not aff�ct other pmvisions of this Securlty Insavment or the NocC whiGh caa be _
<br /> -----�- given effect without the conflicting provision.To tbis�d the pmvisions of ttnna Se�urlry Insuumenc aud the Note are declntad
<br /> - - - w be severnble. . --
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