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<br /> �� p�ymcnw may no longcr t�iaquirecl,at�ho option of Lender.if mortga�o in�urwkc cuvcraQc(in�hc wnuunt end Par the perfad
<br /> .:•�'ii_�_ that Lender roquirca)provide�l by an insurcr approved by l.cnder ugain bec�imcx uvwil,�ble uxl is nbtYinod. sorrc►wer ctwli pay
<br /> = tho prcmiums requircd to maintain mortg��inRUrancc in efioct,ar t�pmvido u low��awcrvc,until�hc royufromcnt for mort��a
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<br /> --.+� inw�ranco cnds�n eccardance with uny wri�[en ugn�ncn► ixtwecn&�uuwc►���xi L.crxtcr or appll�ab c aer. -
<br /> `�f 9. In�pectlon. Le�tder ar it�ugent may ma�c rcayanublc entrfca upnn ond in�pectiunx�►f 1he Pr��rty. Lendcr rholl�ivo
<br /> . Borrowcr notice at the time of or prior to an fnRpecti�n spccifying rear�►nublc cuu}u;fi►r thc inxpcctiun.
<br /> 10. Cond'mtu�tlon.The puxeodR oP uny award or claim far dumagex. Jir�tit ur conr;cyucnlial, in conncction whh any
<br /> , . •�� condemnatinn nr other taking of pny�wA aY the Propeny.ar fbr convcyunce in licu af randcmnatinn,arc hcrcby ussiQned and �
<br /> ' � �twll be p�id to L.ender.
<br /> - In the event of a tatal taking of�he Prnperty,the prac�xlx ahall he upplied to the sums uxun.�l by ihis Secu�lty Instrument.
<br /> -ti,�:�,�.�,_, whether or nw then due. with eny excess paid ta Bonower. In thc cvent of u purtial mking oP thc Property in which the fair
<br /> 1-- market value of the Property immediutely befare the tuking ia cquul to nr grcuter than the amount af the xums securod by this
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<br /> �;�• • � Security.lnatn�ment immediatcly before the tnking,unless Barrower and l.cnder othenvixe ugrce in w�iting,the suma secured by -
<br /> - �,�-_ -�'�—'�• � • this Security lnatn�ment shall bc reduced by the amount of the proceals multiplied by the fallawing fraction: (u) the total _
<br /> L°--'•:�•:��i �.•,� � amount of the sums secured immediptely beforc the taking, divided by(b) the fair market vulue of thc Property immediatcly —..
<br /> `"—`"''a- ��~��� before the taking. Any balance shall be paid ta Borcowcr. In the cvent of�partiul taking of the Property in which the fair
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<br /> �....,�r"•`.�;;:�•,. . market valuc of the PropeRy immediatcly before the taking is less thnn the amount af thc sums r�xured immediatcly before the
<br /> --—��'``�� � takfng,unless Bartawer and Lender othcrwise agrce in writing or unleas appliceblc Inw othcrwisc provides, the procecds shell -�_
<br /> •�-��m:.�`�'•��`• be applieJ[o the sums secured by this Security Instrument whcthcr or not the sums are then due.
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<br /> --"�•;,�;,. If the Properry is abandon�by Borcower,ar if.after notice by L.ender to Barmwer thut the condemnor offers to meke an __
<br /> -- -�,,f;=:�•�'.�,� � award or settle a claim for damugcw, Borrower fails to respond m L.ender within 30 dnys ufter the dAte the notice is given. �_
<br /> ""�" Lender is authorixed to colfect and apply the pracceds,at its option,either ta restoration or rcpair of the Properly or to the suma __
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<br /> ���_�;, , secured by this Securlty Tnstrument, whcther or not then duc. _
<br />-��`�` �� 'f • i Unless l.ender and Bonower c►thenvise agree in writing, any application af praceeds to principal shnll not extend or ----
<br /> '.�•; � • ,: .
<br /> '"-"� ' postpone the due date of the monthly payments refcned to in parngraphw I nnd 2 or change the amaunt of such pnyments.
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<br /> a 11.Borrower Not Released;Forbearance By I.ender Not a Waiver.�xtension af the time for puyment or madification
<br /> .-�'�' ��'�"'' of amortization of the sums secured by this Securiry instrument granted by l.ender to any succe�sor in interest of Horrower shall =
<br /> ' � w not operete to rcleasc thc liability of the original Borrowcr ar Borrower's succcssorr in intcrest. Lendcr shall not b�required to —
<br />'-.�.��� � '• � � ' commence proceedings against any surccssur in interest or refusc to cxtend time for payment or othernise modify amorti�ation � ,,,_
<br /> -- ; e of the sums secured by this Security Instrumcnt by rea.son of nny demand madc by thc originul Borrower or Borrower's �,-�
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<br />_ N�_�._ .�,;;•, successars in lnterest. Any forbearance by I.cnder in excrcising any right or remedy shwll not he a waivcr of or preclude the
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<br /> - -.,�.- . .: exercise of any right or remedy. __
<br /> 12.Suocessors and Asslgns Bound: Joint and Several Liabillty; Co-slqners. The cover�ants and agreements of this __
<br /> � �� Security Instrument shull bind und beneFit the tiuccessors and assigns af Lender unJ Borrower, subject to the provisions of __
<br /> �. . paragraph 17. Borrower's covenants and agreements shnll be joint und xeverAl. Any Borrower who co-signs this Security
<br /> . •�': .•., • Instrumcnt but does not ezecute the Note: (a) is co-signing this Securiry Instrument only w mortgagc. �rant and comey that
<br /> . Barrower's interest in thc Property under the temis of Ihis 5ecurity Instrument: (b)is not penonully obligated to pay Ihe sums
<br /> � - �, .t secured by this Security Instrument:und(c>ugrces thut Lendcr und Any other Borrower mAy agrce to extend, malify,Porbear or
<br /> ` " ` """' ' "' " make uny nccommodations with regurd to the ternis oi'this Securiry Instrument or thc Note without thut Borrower's consent. �_
<br /> •� 13.Loan Chargww.If thc loan securcd by�his Sccurity Instrumem is subject to a law which scts muximum loan chargcs.
<br /> �� ' ;t� �y ..1, und thut luw is finully interprcted so that the interest ur athcr loun churges collected or to be collected in connection with the _
<br /> � , � �,.; loan exceed thc permittcd limits, then: lu)any ,uch I�iun churgc xhull he rcduced by thc umount necessary to reduce the charge �,;:
<br /> • . �� to the pemtith:d limit: und (b)uny sum�ulrcady rollccteJ t'rom Borrowcr which cxcceded permiucci limits will bc refunded to
<br /> V��''�S" �. Borrower. Lender muy chane ro muke thiti refund By rcducing the principul oweJ under the NiKC or by making u direct
<br /> � payment to Borrower. If u refund reduces prinripul, thc reJuction will be treated us u punial prepayment without any �
<br /> ��`"` � prepayment churgc undcr thc Notc. _
<br />:�,. ' , . 14.Notfces.Any notice to Borr�iwcr provideJ for in this Security Instrument shall tx�given by dclivering it or by mailing �
<br />��• . : ., it by first elass muil unless upplicuble law reyuirez use of unother methal. The n�►ticc,hull Ix:Jirectecl to the Property Address
<br /> �., "- or any nthcr uddress Barniwcr dcsigna�c. by n�nirc t�� l.�ndcc Any n�xirc t�� lw�nJcr +hull Mc givcn by first class mail to ���_
<br /> - ' • ^ Lender's uddress stuted herein or,iny athcr uJJress l.�:nder designutes hy m�ticc a�&irrowcr. Any notice provided for in this �='-
<br />��� . . Security Instrumcnt shall bc dccmeJ t�i huve Ix�n givrn to Burci�wcr or I�nJcr when giv�n as provided in this paragraph.
<br /> ' ' ' l5. Governlns Law; Severability. Thi.Security instrumcnt shall t►c �!overncJ by federul I•rw And thc law of the �_,
<br /> � ,,, o jurisdiction in which the Property is I�xatcJ. In the ev�ni thut �ny provisian or clau+e of thir Security Instrument ur the Note ,.
<br /> � • conflicts with upplicuble law.�ueh c��n0ict�hull no�uffcrt uthcr pmvisian�uf thi,Securi�y Instrumcnt ur the Note which rc►n be �
<br /> • given cffcct without �hc rimtlicting provitiion. Tu thi,�nd thc proai+ionx ot thi� S�rurity Imtrumcnt•rnd thc Note urc dcclared �r
<br /> � ' to t►c ticvcrablc.
<br /> � 16.B�rrower's Cnpy.Bormwer+hulf tn�iven onc cunli�rmcd rup��ul thc Note•rnd ol this Scrurity Instrument. �;;_
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