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<br /> psymenta msy no IonQer bo roquired.u tho option of l.cnder.if manga�o inw�rance cc►vera�o(in the+inwunt a�d for the paial
<br /> tFyt A.ender nequircr)provldod by An in.wrcr approved by Leider�grin becomes Available u�d is oMained. Borrowu rhall pny
<br /> thp promiums roquired to m�i�paln mortgage inauruwa in effect,or to provide a locr r�eserve,urNil the ra�uinanera for mort�e
<br /> inwnnoe ends in�oourd�x with�ny wrltten agroemait betwan�orrower�nd I.e�der or applicable law.
<br /> !. Ia�p�ctiwi. Lender or itr agent rtay mnke r�awanAble entries upon ond inspections af the Property.Lender ctulC�ive
<br /> Horrowu twtioe at Ihe time of ar prfor w an inspoction specifyin�rearo�wble cause for the inspoction,
<br /> 10. Cwwkmnatbn.The proceaJc of any award or claim for dwrwges, direct or consequentirl. in connection wit1�nny
<br /> candem�Wion or other takinQ af u�y pnrt of the Property.ar for vonvay�noe in liou af condemnatian. are hereby assiQnod�nd
<br /> � -�- chal!be pa[d to Lender.
<br /> ln tho event of p total tdcing of the Praperty,the procYOda shall be appliod ro the sums aecurod by this Securlry Instrument,
<br /> whether or aat then due.with any exccws�raid to Anttower. In the event of a partial taking of the Property in which the fair
<br /> rtwrket v�lue of�he Pmperty immodiAtely befon!he taking is eq�wl to or g�eater than the anwunt of thc sums securai by�his
<br /> Socurity Instrument immediately befc+rc the talcing,wilass Barrower and Lender athenvise agree in writing,the sums secuned by
<br /> -- - this Securiiy i�wtiuuK��t alwii i,c��xiuced by the a�nount af thc �rocccds rtiultiplicd by the followirsg fruction: (a) the taal --
<br /> amount of the sums secured immediately before Ihe taking, divided by(b)the fair market value of the Propeny immediately
<br /> befarc the taking. Any btilen�e ahall be paid to Borrower. In the event of a panial tnking of ehe Property in which tl►e fair
<br /> market value of the Property immodiately before the�aking is Icss than the amount of the sum�secured immediately befo�r the
<br /> _ telcing,unless Borrower and Lender otherwise agree in wrfting or unless applicnble law acAerwise provides.the proceeds shall
<br /> - be applied to the sums secured by this Secudty Instrument whether or nat the sums ure then due.
<br /> _ _ If the Property is abandoned by Borrower.or if,nfter nMice by I.ender to Baruwer that the condemnor ofPers to make an
<br /> - awud or settle a cleim fo�dartwges. Borrower fa�ls to respond to L.ender within 30 days ARer the date the notice is given,
<br /> [.ender is autharized ta collect and apply the proc�ls,at it�uption,C1U�er tu restoratiun ar repair of�he Property or ta:he sums ---
<br />-- secured by this Securily�nstrument,whether or not then due.
<br /> Unless I.ender ond Borrower otherwise agree in writing, any upplicntian af proceecls to principal shall not extend or
<br /> postpone the due date uf ihe monthly payments referrod to in parngrnphs I and 2 or change ihe amount of such payments.
<br /> �.� -k 11. Borrower Not Released;�orbearance By I.ender Nat a Waiver.Extcnsian af the time for payment or modification
<br /> , of amortizntion of the sums secured by�his Secudry Ins�rument granted by I.ender to any successor in interest of Borrower shall —
<br /> not operate to r�elease the liability of the originu!&►rrower o�BoROwer's 4uccessor�in interest. Lender shall not be required to
<br /> commence proccedings against any successor in interest or refuse to extend time Por payment ar otherwise modify amortization �_
<br />:• • of the sums secured by this Security Instrument by reason of any denwnd made by the original�Aarcawer or Borrower's _
<br /> = successars in interest. Any forbeamnce by Lender in exercising any right or remedy shall nat be a waiver of or preclude the
<br /> exercise of any rfght or remedy.
<br /> ':;° ------ l2. Suecessor�s and Assi��s f3ound;Jatni aAd �esa! Llab�lliy: Co-slgncrs. Thc covcr�ants and agr�ment:of this
<br /> ,,, ;r�,,.., . 5ecuriry Instrument shall bind and benefit the successors and assigns uf l.endcr and Borrower, subject to the provisions of
<br /> ;,'�. :''•;,'� :;�.;,; parugraph 17. Datrower's covenents and agreemems shull be jaint wid severul. Any Dorrower who co-signs this Security
<br /> �;�;r ,�""� Instrument but dces not execute the Note: (a) is ca-signing this Security lnstrument only w mongage. grant and convey that
<br /> �-` dF`,'
<br />-_ . ,,t�;�. :;;;�;.�,{�t Borrower's interest in the Praperty utxler the terms uf this Security Instrument;(b)ia not persanally obliguted to pay the sums -•-
<br /> ' y� � �rr :: -.�?« secured by this Security lnstrument;und(r)agrees tlwt Lender und any other&�ROwer may agree to exteixl. modify.fiirbear ot --
<br /> f�''� '• •�- ���`� ' mAke uny accommodations with regard w the termti of this Security Inst�ument or the Note without that Borrower's consent. _-_
<br /> " -,��.•��'";•,' l3. L�wn Charges.If the loan secured by Ihis Securiq� Instrument is subject t�a Inw which sets maximum loan charges,
<br /> '�'�'`��}'�`•` and thnt law is finally interpreted so that the interetit or uther loun churgcs collected ur t��be collcYted in connection with the �.•.
<br /> c ��.�-�fi
<br /> v� : ';,�'�,;���� ;•;.:-�l� loan exceed the permitted limi�s,ihen: (t�)nny such loan charge shall be recluceJ by the umuum neceswry to reduce the charge _,
<br /> w�' �' , �.'- ; ��;;;;:rc to the permi�ted limit:and Ib)any sums ulreudy collected from Borrower which ezre��lcxi pern�ival limits will be rePunded to a•
<br /> �` 'Afr:,=,'i��`� Borcower. L.ender may chcx►se to muke this refund by rMluring the principal uwed under the Note or by mukiog a direct ����
<br /> ��� i
<br /> k •- ��•� ? pAyment to BoROwer. If a refund reduces prinriprL �hc reduc�i�m will be treated a� u p:vtinl prepayment without eny _
<br /> � �i�����.�][}.. �_
<br /> __ ,�;e,,..,;:;,,_..,,,,, prepayment rharge under thc Nate. �:�-
<br /> _ •`�`:.:i�:;,;.�. '.''`t':�. l4. Notices. Any notice to Burrower pruvided fiir in�hi�Serurity Instrumen�tihall t►c given by dclivering it or by mailing .�__
<br /> � . �.:Y,,�N'.
<br /> ,,�y�,u;. :ji• . it by Prst clu�s mail unless applicable law•require� ux of uno�her method. The noticc shall be directed to the Property Add�ess �
<br /> ''"•''"� � or any other addrexs Hortower designatc.by notice tu Ixnder. Any noticr lo Iw:nder shull he gi��en My first class mail to
<br /> - 'C'k`b�. . .
<br />- ''`'�' L.ender's uddress stuted hercin or any othcr uddresx Lender Je+ignales hy notice to Borrmver. Any aritice provided for in this ='�`='
<br />-- ... .
<br /> Securiry Instrument shnll L►e deemed to huve hccn given t�i Borruwcr or Lcnder when givcn ati providcJ in thiti paragrnph. �_`_�
<br /> ' �"'� h• � 15.Coverning LaN�; Sevet�bility. Thiti Security Imtrunxnt shull t�c g�n�crn��l B�� f�ierul luw und the luw ofthe �
<br /> _ ��. ... ..
<br /> ° jurisdiction in which the Property iti Ic►r•rt��l. In the evrnt thal unJ�prm�isi�m ar cluu�r of thi.Securiry In�trument or the Note �-
<br /> , � conflicts with upplicablr Inw, �uch conllict shull not ufl'cct othcr pro�•i.iom ol'thi.Sccuri�y Ins�rumcnt or thc N�itc whinc�an be
<br /> "'' ""��:i�;� given effect withaut the canflicting provisinn. To thi�cnd thr pro�•i�iom of thiti Seruriry Ins�rumem and the Nnte are derlarod �``
<br /> .,: �_- _
<br /> �' ',"� ` , ' to be severuble. �`
<br /> ��' ' ,, • 16. Borrower's Cop�•.Burmwcr�hAll bc givcn nnr cnntiirnkd copy�if thc Notc und oC thi.S�wurity Instrument. �'.,'
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