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<br /> payments moy no lon�er be rc�uired.at 1hc option of Lender.lf mongaQe insuraiKx coverage(i�th�amount w�d for the perlad
<br /> that Lender requirta)pmvlded by an iruure� approved by Ixndcr agafn bocomcs avoilablc and is obt�inad.B�mnwer ihall p�y
<br /> the pr�emiwnc roquirod to m�intain mortgage insurvux in effixt,or to pravide o loca ro�crvc,until tho requiremcnt for mort�a�a
<br /> inw�n�x ads in a000�e with ony written Agrxment betwan Borrower and Lender or ap�pNc�blo I�w.
<br /> 9. lutpecdon.Lendcr or its ugent may malce rcasonable entrfes upon ond lnspectians af the Properiy. Lender�11��ve
<br /> Borrower not ia at�he time of or pr�or to an inspoction specifyin�rcasoru�ble cause for the inspoct�on.
<br /> - 10. Condannallon. The proceods of any�ward or claim for dan�ages, direct or consequential. in connectlon with any
<br /> condamnatlon or othBr tAking of any part oF tho Propeny,or for conveyance in lieu of condemrwtbn, are hercby nsxiQned w�d
<br /> shell be pald to Lender.
<br /> In theevent of a total taking of the Propeny,the proceeds shall bc appiied to the sums cecured by thia Se�:urfly lnstrument.
<br /> whether ar not then duB, witl►aqy escess paid to Borrower. In the event of e partiul utking of the P�aperty in which the fair
<br /> market value of the I�roperty immediutely 6eforc�he taking ia equel to or gresiter than the amount af the sums secured by this
<br /> Security Inurument immediately bcfore the taking,unless Barrowcr aod[.cnder otherwise agree in writing,the aums setured by
<br />_ _`_ _ __ this Securily Instrument shall be reducat by the amount af the proceed,� multiplied by the following fraction: l�) the total
<br /> � amount of the sums secured immediutely before 1he taking, divided by(b)the fuir market value of the Property immediately
<br /> ---�-�°���� before the taking. Any balance shall be paid to Borrower. In the event of a panial taking of the Property in which the fair
<br /> market value of the Pruperty immodiately bnfvre ihe taking is Icss than thc amount of thr sums secured immediately before the
<br /> -.�;.�_—_ taking, unkss Borrower and Lender otherwfre agree in writing or unless Applicnble law otherwise provides. itie praceeds shall
<br /> v`��'��' be epplied lo thc sums secured by this Security Instrument whether or not the sums are thcn due.
<br /> 'k��1� If the Property is abaodoned by Borrawer,or if,after notice by l.,ender to Borrower�hat the candemnar ofPe�a to make an
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<br /> -'��".'�� awud or settle a claim far damages. Borrower fails to respand to Lender within 30 days after the date�he naice is given,
<br /> '-�" � I.ender ig�uthnd�ed tn callect and apply the praoeeds,at its option,either ta restarntion or repair of the Property w to the sums _
<br /> ;''.`� , �•�":���� secured by th is Security Instrument,whelher ar not then due.
<br /> � �'����v Unless I.ender and Harrawer otherwise ag�ee in w�iting, uny application of proceodA to principal shnll not extend or
<br />`��r''•'��" ��_'�%"�d���.?', ne�he due date of the nwnthl a ments referred to in ara ra hs I und 2 or chun e the a�nount of such yments.
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<br /> ;�°- .�;�_r�='�=�1�'YAs�;� ;+''.;�� 11. Borrower Not Relea4ed;Forbearancr By I.ender Not a Waiver.Extension of the time for puyment or madification
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<br /> ::3��?�;;': ;^ ; ,� of emortira�ion of the�ums secured by this Security Instrument granted by l.ender t�uny successor in interest of Horrower shall
<br /> - ;,�;;�vi�:�::`- .:'.,:,r,' not operAte to reles�se�he liability af the original Borrower or 8orrower'x successors iii interest. Lender shall nat be required to
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<br /> -.�_• �, ,'.,;:�4, commence prc�ceedings againat t►ny successor in interest or refuse to extend timB for pnyment or athenvise modify wnortiTation
<br /> ����� of 1he sums secured by this Security Instrumem by reuson of any demand made by the original Borrowcr or Borrowcr's
<br /> • ���.::,;,;_ ' �'' ��- � successors in imerest. Any farbenranc�by l.ender in exercising uny right or remedy shall not 6e a waiver of or preclude the
<br /> �'.'`'":,i ' `k{'"�''r"'"` exercise of any rig6t ar�medy. .
<br /> • _ .�,_t�, �.i "' 12. Successors �na Ascigns Bound:JoiM and Several Liability: Co-si$ners. The covennnts and agrcementa of this
<br /> . "II.,�.`� .. . � ..
<br />: �r;";,•;•�., ,-.,.,.•,� �� Security Instrument shall bind and bene�t�he successors und assigns of Lender and Bc�rtower, subject lo the provisionc of
<br /> '''t��^` ;''a° parngraph 17. Bonower's covenants And ugreements shall t+c joint and several. Any Borrower who co-signs this �rity
<br /> .. .��}�4:o,.� '' �ci:.��i
<br /> ., '��y;�i;•.,, �,.� �? InwrumeM but does not execute the N�HC: (u) is co-�igning thix Security Instrument only to mortgage. grant and convey that
<br /> "'•�'���� " � Borrower's interest in the Propeny under thc terms uf this Security Instrument;(b) is not petsonally obligated to pay dte sums
<br /> ,�'`;1;�` 4� � secu�ecl b th is Securit Instrument: and Ic)u�rees thut Lei�der nnd un�other Borrawer mn a ree to extend,modi forbear or
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<br /> - - make any nccommadationc with regard to the ternis of this 5ecurity Inr�tn�ment or the Note without that Borrower's consrnt.
<br /> s .. 13. I.oan ChA�es.If the loan secured by ihis Security Instrument is subject to u law which sets maaimum loan charge9.
<br /> °-- �• and that law is finally interpreted yo th•rl the interc:st iir iither loun chnrges collected or to be collcrted in connection wlth the
<br /> -�� ' `'''' ��' � loan excced the permitted limits.�hcn: lu)any wch loun churge shull be reduced by the umount necessary to reduee the charge
<br /> �o- ' ,'�`, ��. to Ihe permitted limit: and (b)uny sum�ulreudy cc�lle�tcd frum BoROwcr which exceeded permitted limits will be refundod to
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<br /> ' �;�� t &xrawe�.L.a:nder muy choi�se to make thiti refund by reducinR the principal o►�.:d under the Note or by making a direct
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<br /> • • - .���`�,• puyment io Borrower. If u refund reduces prin�ipal, thc reJucti�n will be treated As a parlial prepayment without any
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<br />� � -- �,.�--^;>,�,�,, prepaymem churge under the��xe,
<br /> ' •���''' 14. Noticcs. Any noticc t�. &�rrowcr pnwided fbr in ihiti Security Instniment tihull be given by delivering il or by mailing
<br /> „ ` it by first class mail unless upplir�bl�law reyuin+ use of on��ther method. The no�icr shall be directed to the Propercy Address
<br /> , .• . or nny othcr adJreti, l3�rr��wcr detii�!na�r. by i�rticc tn Lcndc�. Any notice to Lender shull bc given by first class mail to _
<br /> � , I.ender's aJdresx s�utecl herein ar any othcr uJdre�� l.ender drxignute�hy nutice to Bnrrower. Any notice provided for in this
<br /> '���V'���' • �- Securiry Instrumcnl shull t►c JecmeJ to liave hrrn gi ven t�i Borruw�cr or L.cnJer when given a.provid��1 in thi�paragraph.
<br /> - ,.•� I5. Gnverning I.aw; 5everrbility. Thi, Security In.trumcnt tihull lk govrrned by federnl law nnd the law of the
<br /> �';�^h?i�., � jurisclictinn in whirh the Propeny i� I�xut��l. In ihc r�•cnt�ha� un�-pr�wi+i�m or cluu�c oi'�hi�Scxurity lnstrument or the Nate
<br />;�� x;�;``Y„��' • con0ic�s wi�h upplicablr law•.�uch ronllirt+hall ixu affer�uthrr provi.iun,of'thi.Seruri�y In�irument�ir[he Nute which cun be °_
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<br /> ,�; �;?�);y,�tSf7:,�r,+,'��!°.�,,,• Siven et'fect wiihout the c�mllicting pr�witiion. Tn thi�enJ ihc pru�•i,iam uf thi.Seruriry In�trument and thc Note ure declared -
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<br /> F • to be,evenb le.
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<br /> s : «�� , � ''�' 16. Borrnwer's Cnpy.Borrow•cr xhull be gi�•en onc r�mti►rnicd cop� of Ihc Nutr und ot this Sccurity lnstrument. -
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