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<br /> �t the option ot Lender, if mort�Qe ineunnce coven�e (in the amaunt md fnr the period thtt I.ender cequires)
<br /> provided by an Inauror approved by Lender a�ain beooma awilsble�nd is obtained.BorcoNer ahall�y the premtum�
<br /> � required to m�intain mort�Qe tneuance tn effxt,or w pravide s lor reeerve,until the requtrement for moct�a�e
<br /> it�wtanoe enda irt acaordtnoo wiiit any wriiic�i��.��:ient t�ta�r P.3;crs�cr.ssd L,.-nder or apg4�cable le�.
<br /> � 9.Inspectton.Lender or its a�ent may make cwotuble entriee upon and inspeattons ot the Property.Londer thall
<br /> �� �ive Boctoxer notico at the ttme ot or prlor to an inapection specityln��aeon�blo cauae tor the inapeatton.
<br /> __ T '� 10. Condemnation.Tho pcoceede ot any award or cl�im ior damapas.direct or conaequentlal,in ccmnxtion with
<br /> � any condemnation or other uktn�of any p�rt of the Property,or tor conveyance in liou ot condem�utlon.are hereby
<br /> ' �•.� aoti�ned and shalt bo pdd to I.ender.
<br /> ' �'''�'�" � In the event of a tc�tal ukln�ot the Propecty.tho procoeds aitall be applied to the e�ums eocured by thie Secunty
<br /> ,. �,.' [nstrument,whether or not then due,with�ny excaes paid to Borroaer.In the event of a parttal ukin�of the Property in. -
<br /> — ,,;i�4•• • which the fair market value ot the Property immedtauly betoro tho ukfnQ is equal to or Qrater th=n the�mount ot tho
<br /> --_.��� ` � sums eacurod by this Securlty Instrumont immediataly boforo the takin�,unleee Borrower and Lender otherwiae a�tee
<br /> _ �;; ,„� x � tn writin�,the suma exured by thia Securtty Instrument ehall b�rodaced by the amount ot the procoeds multipliad by
<br /> _��'-��--=-�-r�-- � tha followInQ tcaction:(�)the wul amount of the sums eecured imrnodiately betoro the takin�,divided by (b)tha fair
<br /> — �°�'`��-'--�'=_�_ m4rket vilue ot the Property Immediately be[ore the taktng.My bitance shall be paid to Bomower. In tha avent af t
<br /> ' `�,;n►,Y " p�rtial takine ot the Propert}In which tho f�ir market v�tue ot the Property immodiately before the taking is lass than
<br /> the amount of the eums�ecured immediatdy befotr the ukinY.wilese BorroWOr and Lender otherwiso aEree in w ritin�
<br /> '� , ��.;,�L,..d;.�. -; or unlsss applicable law otherwise provides. the.proceeds shall be applied to the suma sxuted by tlus Socutity
<br /> �� ��'' �°'�' ' ' Instrumont whetha or not the sums are then due.
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<br /> -- "•T.•�`"`-r;�,%: 1f the Property is aMndoned by Borrawer.or if,sftec not�ce by I.ender to Borrower that the condemnor offers to
<br /> �y Y a/4 �aiy1�
<br /> � -��W�`'��'`'�'' '°= m�lce u►award or aettle a claim for damagos, Borrower fails to respond to L�nder aithin 3a daya atter tho&te tho °
<br /> '';������'� `T' aotice is veo,I.ender is nutl�orized to collxt and�pply the rroceeds,at ittz optian,eittiec to rmtontion or repair of the =
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<br /> t ,� 6 j� Y' Property or to tho sums seaured by this Security Inatrument�ahether or not tt�n due. _
<br /> , ,� � � Unlees Lender and Botrower otheratse sgroe in aritin�,any applic�tton ot proceeds to princip�l sh�ll not extend or _
<br /> ���.� . '`+�� the monthl m�nts n[ernd w in ra hs 1 and 2 or chan�a the amount of s�rh
<br /> , �..,.� , poetpone the due dau o{ y piY P�� P
<br /> �.•,,, ri p,tyraents.
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<br /> ' ll. Borrower Not Roleased; Forbearsnce By Leader Nat e Waiver. Bxtenaion of the time for payment or �.
<br /> � ,:-,•,::� .�" madification of amortizatlon of the sums secured by thie Security Instroment granted by Lender to�ny auccessor in
<br />:-.,�,�.. _';;. ,,;;.,..,:. ,�.. interest of Bnmower sh�ll not operate to relesae the liability oi the original Borrower or Borrower's auccesews in
<br /> , • -� :�'�� intarest. Lender shall not be requirod to commonce proceedings against any s�x�ssor in intercst ur retuse to extend
<br /> ��-:, . time tor payment or otherwise modity amortizatton af the sums aecured by this Security Insttument by reason of any
<br /> �•��'� demand mado by tho orieinal Bortower or Borrowers sucoessore in interest.Any torbear�nce by I.ender in execcisin�
<br /> �'�`�"`�`{ � ' any rI�ht ar remedy ahall not be a aeiver of or precludo the exerciae of any right ot remedy. -
<br /> --_ :•i;,�lt;.�:•���i,x�s=-_.a !2. �ucccscors astd li�i�s nauad:Ialat aad Seetsa! !iabtllty;C���!3e.'�'!x+�w?n�ntn And e�reema�u
<br /> • of this Security Inatrumem st►�ll bi�d and benetit the successors and �esi�ns of Lender and Bonower,subjoct to the
<br /> � provieions of paraLrcaph 17.Bocrowa's covenants and agnxmants shttl ba joint and several.Any Borcower who co'signs
<br /> � this Security Instrument but does not exxute the Note: (a)ia co�signing this Security Instrumont only w mortgage,
<br /> . �nt�nd convey that Borrawer's intereat in the Property under the terms of thia Security Instrument; (b) is not
<br /> ,, porson�ily obligated to pay the sums exured by this Security Instrument;�nd (c) agreea th�t Lender and any other =
<br /> . �- . Borrower may agtee to extend,modify,torbear or m�ke any avcom modttions with re�ard to tha terms ot this Security
<br /> � Inetrumr.►t or the Not6 without that Borrower's conaent. -
<br />- � � .. 13. Lwn C6ar�es,If the loan secured by this Security Instrument is subject to a laa which sets maximum loan -
<br /> ;�i r!: -, ch�r�es, and th�t law is tinally interpreted so that the intecest or other laxn chirgea collected or to be collected in -
<br /> , : connection with the loan excoed the permitted limits, then: (a) any such loan ct�erge ehall be reduved by the amount _
<br /> +°" � • necasstry to roducC the charge to the permitted limit; and (b) any sums alreedy callxted irom Borrower which
<br /> exceeded permitted limits will be retunded to Borcower. Lender may choose to make this retund by re�iducin� the -
<br />= .� . �� • principal owed under the Note or by making a direct payment to Borrower.If a refund reduces principel,the reduction
<br /> ��•'�" � will be treated as a p�rtial prepayment without any prepayment charge under the Note. ..
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<br /> ;:;�, 1 4. Not ices.A ny notice to B orrower provi de d for in t h is S o curi ty Ins trumen t s ha l l b e gi v e n b y d e li v e ri n g i t o r b y
<br />• :•`�•'` ; `' . mailing it by first class mail unlesv�pp)icable law requires use of another method.The notice shall be directod to tt►e -
<br /> "�','�'• • Property Address or any ather addres.w Borrower designates by notice to I.ender.Any notice to Lender sh�ll be given by
<br />:Y4;- �. _ °', ��� tirat class mail to Lender's address stated herein or any othcr address Lender designates by notice to Borrower. Any ;
<br />- 1',� • notice provided for in this Security Instrument sh�il be doemod to have boen Eiven to$orrower or Lender when Eiven
<br /> .`,`�: �� .;:: . as provided in thia paragraph.
<br />`? . , ,. 15. Governia�L�w;Severabillty.This Security Instrument shall ba governed by tederal laa and the law oi the =
<br /> � urisdiction in which the Property is located.In the event that any provision or clause of this Socurity Instrumant or the
<br /> ���rt'� Y ' �ote conflicts with applicable law�such contlict shall not dfect other provisions ot this 3ecurity Instrument or th�Note
<br /> �" �.��,y.,,�r.„ � .� ahich can be�iven effect withaut the contlictinQ provision.To this end the proviaions of this Security Instrument and .
<br /> �e, . ,..,;f�+«•. the Note are dectated to be severablo.
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