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<br /> �� i� I I II � ( �t the �ption ot Lendar� it mort�aRe insunnce coverage (in the �mount and tor the period th�t l.ender requira)
<br /> u provlded by an imurer�pproved by L,ender�ain bacoma avail�ble�nd i�obtained.BomoMer rhail p�y the promium�
<br /> roquired w m�inain mortQa�e ineuance in eiteat,or to provide �las�ve, until the requiremant toe mortp�e
<br /> �� inwnnce ende in�ccor�lance wlth�ny written��eemcnt between Hamowar md I.ender or�ppliaable IaM.
<br /> .,, .��,,,,;: . 9.IA�QOCtIOA.Lender or its��ent m�y m�ke re�ean�ble entrler upon�nd iiupootlons ot the Property.Lender�hall
<br /> ', �,�, �ive Bon�ower notica�t the tjme ot or or w sn it�epection epecifyin$raeon�ble cauee tor the inepoation.
<br /> �� ' ;,, 10. Coadema�tion,The p ot my award or cl�im Ior d�m��,diroot or coru�equondal,in aanneotion wlth
<br /> ,�;�����' �ny amdemnition or othor takin�oi�ny psrt ot the Property�or iur conveyat►ae in lieu of oondemn�tion,aro heroby
<br /> s a,:�.�,,�;:� ad�nod md ehall be p�id to I.ondor.
<br /> �� `• �'';�`�._�.'�!�� In the event oi�toal uking of the Property.the proceede elull be applied w the eums seoured by thie Seourlty
<br /> - ��-� �ri Instrument,whether ar not then due.with sny exc�ss psid to Borrower,ln the event of a partid ukin�ot tha Praperty in
<br /> „ �� which the tur m�rket v�lue ot tha Proporty im modistely beforo the takin�is eqwl to or�ter th�n the�maunt ot the
<br /> ' j � sums aecured by thia Socurity Inatrument tmmodiately betoro the t�kin�,unlese Horrower and I.ender otherwiee�Qroe
<br /> -�' ' in w�tin�,ehe suma sxured by this 3ocurity lnstrument eh�ll be reduixd by the smount of the proceeds muldpliad by
<br /> `�?.. ... . xd
<br /> _ the tollowinB traction:(a)the total amount ot tho sums eocured immediately betoro the tskine,divided by(b)the fair
<br /> ° market v�lue of the Property immediately beforo the ta�in�.Any bdanoe slwl)be p�id to Borrower.Tn the event of a
<br />�y;�.,u' ' � . � ��u psrtial taldng ot tha Property in which the tair market valua of the Property immodi�uly betore the tskin�ie lesa thsn
<br /> ''��.: .,, ,,; the amount ot tha sums secured immedietely before the talc�ng,unlass Borrower and[.ender otheralee e8ree in writing
<br /> i���f'�' '° ' or unles9 applicable law otharwise provides, the proceeds etwll be applied to the eums eecurad by thie SecuriLy
<br /> Y•..;.� r , ....
<br /> ::.�.� , �
<br />����-.,•. �b,' , ` Instrument whather or not the sums are then due.
<br /> ' '� �� , , - z' ° � � �� :�•�� It the Prnperty is abandoned by Bottower.or it,after notice by Lender to Horrower th�t the condemnor oilera to
<br /> i _. �' ... _ ; .'Y. make en award or settle a claim tor damagns, Borrower tails to rcapond w Lender within 30 daye after the date the
<br /> •• notico is given,Lender is authorfzed to collect aed apply the prceeeds,at ite option,either to�eswration or rop�ir ot the
<br /> �' , Property or to the sume secured by this Security lnstrument,whether or not then due.
<br /> , Unless Lender and Borcower otherwise agree in writing,any applicstion of proceeds to principal ehell not ertend or
<br /> . •..• postpone the due date oi the monthly payments ra[ened to in psra�nphs 1 and 2 or ch�n�e the �mount oI such
<br /> ;' r��,;:i. .. �.� .�. payments.
<br /> ' ''�'"' 11. Borrower Nat Relo�sed; Forbeanace B Leader Not a Waiver. Extension of the time tor '
<br /> • �t;�l(�`,� � Y PaYment or ;x
<br /> � :�� '� • modiPication oP amoMization ot the sums secural by this Security I�strument granted by Lender w any auccessor in
<br /> : ,.,'r, ' � ' •� interest of Barrower ahall not operata to release the liability of the original Borrower or Borrower's auccessore in
<br /> �'" '� interest. Lender shall not be required to commence proceedinp egeinst any successor in inter�t or re�use to extend
<br /> ,;,,: ,;� �•�•`,��,� , .
<br /> •� • � time for payment or otherwise modity amortization af tha sums secured by thie Security lostrument by reason ot any
<br /> s�:�,.;::r, .
<br /> � `�' demand made by the original Ho�rower or Borrowar's successors in intereat. Any torbearance by Lender in ezercieing 'a.,� '
<br /> __ ' ___- any right or remedy ahall tmt he n warver�l or�r�l�ule the exerciae ot npy right nr romedy.
<br /> � � 1Z. Suceessors aad Assi�os Bauad;Joiat snd Soveral Liability;Co-si�ners.The covenante and agrcernonts
<br /> of this Security Instrument shall bind and benetit the successors and sssigns o[l.ender and Borrower,eubject to the
<br /> ; .��;�:.�, provlaians of paragraph 17,Horrower's covenants and agreemente ahall be joint and several.Any Borrower aho co signs
<br /> : ,�;;•.:,,; this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument anly to rnortBege,
<br /> �°�.�,, grant and convey that Borrower's intrrest in thn Property under the terms of this Security Instrument; (b) is not
<br /> r• �� � personally obligated to pay the sums secured by this Security Instrumont;end (c) agroes that l,ender and any other
<br /> f�� Borrowar ma a ree to extend,madi[ ,forbear or make an accom modations with re erd to tha terme of this Securit
<br /> ��'•: � Y 8 Y Y � Y "
<br /> X�; . Instrument or the fJote without that Borrower s consent. ,r . ;
<br /> i`:�' , 13. Loan Char�as. It the loan secured by this Security Instrument is subject to a law whioh sets maximum loan � ,. ,,.;
<br /> .�, charges, end that law is Pinally interpreted so that the interest or other laan charges collected or to be collxted in Il
<br /> '" connection with the luen exceed the permittod limits, then: (a) any such loen chargo shell ba reducod by the amounx F��
<br /> "�� necessary to reduce the charge to the permitte� limit; and (b) any sums already collectod from Borrower which < •°• •
<br /> . I 4 .. r''.:.: _
<br /> �
<br /> � exceeded permitted limits will be refunded to 8orrower. I.ender may choose to make this refund by reducing the �•..'`
<br /> r principel owed under che Note or by making a direct payment to$orcower.lt a refund reduces principal, the reduction ���'.���•������
<br /> ! will be treatedas a rtial re f :' '';'
<br /> , . . pa p payment without any prepayment charge under the Nottl. �: . ,; .
<br /> 14. Notices.Any notice to I3orrower provided for in this Security Instrumentshall be given by delivering it or by �?��. �'�
<br /> �� '�` mailing it by tirst class mail unless appliceble la�v rc�quires use oP another method.The notice shall be dit+ecud to the �
<br /> ,..,�;r���. .
<br /> , , , Property Address ur any other address Anrrower designates by notice to Lender.Any notice to Lender shell be given by '
<br /> tirst cless mail to I.ender's addrrss stated herein or any other address l.ender designates by notice to Borrower. Any j
<br /> � notice provided tor in this Sei:urity Instrument shall be deemed to have been given to Borrower or Lender when given j
<br /> " `';�'';; ae provided in this paragra . `
<br /> • I5. Governing Law Severability.'1'his Security Instrument shall be governed by[ederal law end the law of the
<br /> jurisdictian in which the Yroperty is la;ated.In the event that any provision or clause of this Security Instrument or the
<br /> . , 1 ' Note conflicts with applicable law,such conflict shall not atfect other pro��isions of this Security Instrumentor the Note
<br /> which can be given et�e�:t uithout the canflicting provision.'I'o this end the provisions ot this Securiq�Inetrumentend
<br /> � th�s Note are declered to be severable.
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