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<br /> payments may no longes ba eequired,et the option of l.ender.if mortgoge insurance cover�;;e(in ths cunount end for the perlod �'�'
<br /> ' thut Lender cequires)provldest by an insurer approved by Lend�r ag�in becom�s mailable and is obtai�ted Bonower shall pay ��x�
<br /> � . t�►e prcmiums required to maintc�tn rrtortgage insurance in effect, or to provido a loss reserve,umil the requiremem for�nortgage �;.-.:^:
<br /> ., insursttce end3 in sxcordartse i�th eny��ritten egreemr.nt between Boreower and Lender or applisabie law. �- -
<br /> ' 9. InsR¢c3ton.Lend�r or its age�may make reasonable enul�s upon a»d ins�C;dons of the Property. Lender shatl give e�W
<br /> Bonower notice at the tlme of or prior 4o un inspecYion specitjrtng reason$ble c�s�se for the inspecrion. -
<br /> ' ' 10. Coademnetion. Tha proceeds of eny awerd or cleim for damnges, dinct or consequential, u4 cem►e�iion whh any =__
<br /> , wndemnasIon or otber teking of any part of the Property,or for conveyance in lieu of condemnation,are kereby essigned end =-
<br /> '.`��, shall ba paid W L.�nder.
<br /> -!'.�` In the event of a toml tskjng of the Property,the proceeds shall bo applied to the sums secwed by this Se�urity Iasirumen4, �
<br /> ..�°°'"""�`:�� wDsether or not then due,wIth any excess paid to Horrower. In tha event of a pardal taking of the Property In wldch the fair
<br /> _ � � market value of the Property immedIafely before the teking is equal w or gceater thart the emoum of tiie sums seewc�d 1sY tlsis �
<br /> Security Instrument Gamediately before tha taktng,unless Boaower and Lendar otherwise agree in wridng,the swns sacured by
<br /> - � thls Seeurity Insirumem shell be reduc�ed by the amount of the praceeds multiplied by the following &acdon: (a)the Wtal _
<br /> 4 amaunt of the smns secured Immediately before the takiag,divfded by(b)tha fair mazket value of the Property immedletely
<br /> ; � � before the teking. Aay balance shall be patd to Borrower. In tho eveM of a pardsl taking of the Property in which the feir
<br /> � �' market value of the Property immedtately before the teking is less tha�►the amount of the sums secured immedtetely before the
<br /> .,. _. ._. taking,unless Barrorreer aad Lender otherwtse agre,�in writing or unless a�plicable law otherwise provIdes,tho proceeds shall
<br /> �'� be apPlied w the surr�secwed by this Securlty Instrument whether or not the sums ere then dus. �
<br /> � If the Property Is abandoned by Borrower,or if,aRer notice by Lender to Botrower tliat the canQemaor offers to mske en
<br /> award or settle a cleim for damages, Horrower fails to respond W I.ender�vi4bin 30 days aRer the date the notice is given, �_
<br /> Lender is authorized to collect and apply the proceeds,at its option,either w r�toration or repair of the Property or to 4he sums
<br /> '�•,�,' secured by this S�curtty Insuument,wheiher or not then due. _
<br /> � Unless Lender and Boaower otherwtse agrea in writ3nS, enY apPlication of proceeds to princip�l shall not euctend or
<br /> „ �y postpona the dua date of the raomlily payments referred to in paragrapbs 1 and 2 or changa the emount of such payments.
<br /> � 11.Barrower Not Rele�sed;Forbearance By I.cnder Not n W�iver.Extension of the time for payrneut or modific�don
<br /> ' of amortiz�tion of tLe sums secwed by this SxurIty Instrument grented by Len d er w any successor i n t n t e r e s t o f B o r r o w e r s l�l l
<br /> _ � `'�,''� aot operate to release the lisbility of the orIglnnl Borrower or Borrower's suxessors in iatere.st.lxade�'s1�a11 not be required to
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<br /> _ ,_, - !�ma��gr�crr�ing.c against any successoz in interest or reftase W e�dend tima for paymem or otherwisa m emo on
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<br /> � of the sums sec�red by 4bis SacurIty InsWment by rea�on of any demand made by the otigtnal Bonowar or 1FSOrr a °
<br /> �,•� �':. sacoessors In interest. Any for�armtca by Leader in axerclstng eny right or remedY ahall not be a waiver of or preclude tha
<br /> '� -;�" exertise of auy dght or reme�y.
<br /> 's`=�`''"�°�-� IZ. Suc�esaore and Aui�ns Bound; dotat iutd 3everal Llabllttyi Co-slQner�.The covenauts end egeameMa of ehis
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<br /> -�_��:;k::;:�� 5ecurity InStrument shall bind and bene8t the successors and essigns of Lander and Bortower. subject w tha provistona of
<br /> --_�'�!�� P�&8Ph 17. Borrowe�'s oovenanta end egrcements sl�all be joirt and savernl. Aqy Borrower who co-algna �hls Securtty
<br />--��-;,LL;�� Ir�run�►t but doa not execute the Note: (e)is co-sfgning this Security Instrumer�t or+1y to mortg�8e. �t�d oonvoy that
<br /> .-.��:,,. :->� Bonower's interest In the Peo�erty under the terma of this Security Inncumsn��(b)is not personelly obligatad to pay the eums
<br /> -�--�-=;� secured hy thia S�curlty Insttumen�nad(o)egras that Lender and any other Bmrrower may egree to extend.moditY,forbsar or
<br />—��,-�� make any a000mmodatIons whh ngard to the terms of this 5ecurity Yn�trument or tbe No�e without that Bflrrowet's cansern.
<br />-- -- - 13.Loan C6arga. If the loau secured by this Sec�alty InstNmem is subject to a law whtch sets maattmum loan c�arges►
<br />--��;�.s.:.��e and tl�i law is �nelly inoerpreted so tlret the imerest or other loan charges coli�cted or to be oollected in conne�tlon with the
<br /> ..�..�a� loan axce�d the permittod 1lmits�then:(a)any s¢ch loan cl�arge shall be nduced by the amovnt neoasar9 to raduce the ch�rge
<br /> to the parmittod limi�aad(!+)anY surns elready oolleaed frorn Borrower whiob excoeded permitted limits wUl be refwxied to
<br /> ---- gmrrower. Lend�r may choose to make thts retWed by reducing the prinalpal owal�mder the Noto or by maldn8 a direct
<br />—_�---�� payment to Borrower. If a refiuid reduces prIncipal. the reduction will ba trratad as a partial prepayment without arry
<br /> -_Z1��� prepayment charge under the Note.
<br /> =``:��. 14.Nottces.Any notica to Borrower provided for[n this Socuriry Instrwneut shall be given by delivering it or by niailing
<br /> -_-= -- it by&st cl�ss mail unless appl[cabla iaw requires use of anothet method.The notice shall b$d[rected W the Property Address
<br /> -l..��'-'.�-� or any other address Borrower desi�by notice to Lender.Any natice w I.ender shalt bc given by first elass mail to
<br /> --:m-� Lender's address smied hcrout or any other address I.ender desI�by nottoe ta Borrower. Any aoticx pmvided fur in this
<br /> °�=��� Ser�mty Insltum�nt shsll be deeraed to have been given to Borrower or Lendet whea given as provtded in tl�is paragraph.
<br /> -=""��� ls.Goveratn� Law; SeverabWty. This Security Instsuraem shall b� governed by federal law mtd the law Of the
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<br /> =�-__.:r:.F�:�� jurIsdicHon in wlilch the Property is located. In the event thact eqy provisIon ar clausa of this Securlty Iastrument or e ote
<br /> `���^�� canflids witb a}�pllcable law,sueh conAict shsll not affect other provlsions of this S�curlty Instrument or the NoLe whtch can bo
<br /> f�� given effect without the confiicting provisi P
<br /> °`::;;�_;� on. To this end the rovLsIons of this Security Inskument and th@ Note ere declur
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<br /> ;;�=w; ��. to be severable.
<br />=._:��:�y 16.Bon+ower'a Cogy.Bosrower shall be given one conformed oopy of the Note and of thts Securlty Instrumen�
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