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<br /> at the oPtton of Lender, if mort�a�e irnuanoe covenae (in the imaunt and tor the partod that I,,ander requiros)
<br /> provlded by an iruuree'�pp�aved by I.�nda apIn b�ooma avail�ble�nd is obtained.Horro�va s��ll py the promium�
<br /> requtrod w m�intain mort�e in�urance in dfeot,or to provide �toes raetve, until the raquiroment tor mort,�e
<br /> inurana er�in a000rd+nce with ati}wdtten�reement betMeen BorwMer md Lender or tpplfwtble ItM.
<br /> — 9.Ins tion.Londer or it�a i msy mrkn tn:�t',��itt�snuica and i �unsof th�P
<br /> — _ _ —- p�a �,n ugan nspect roi»rtY. der ehell �—
<br /> =Ive BorroMer notioe at the ttme of oc prior w an in�peation specityin�raeonable cawe for tha iruspeadon.
<br /> 10.Coademoation.The pcoceods oi any aw�rd or claim for d�m�Qes,direct or conevquantid,in connoction with
<br /> �ny ccmdemnation or other t�kin�of any p�rt of the Propercy,�x tor wnvayance in liou of condemmtion,�ro horoby
<br /> �iEned and�f�all be patd to Lender. --
<br /> - �� tn the evmtt ut a totol takin�ot tha Pmperty,the pra•,ands�tall be applied w th�sums s+:curGd by thia Securlty «
<br /> Irutcurr►ent,Mhether or not then due,Mlth any eYCas pid to Boreower,ln the event of a�rtl�l ukln�ot the Propecty in
<br /> Mhieh the fair m�rket wlue of the Property immedJauly beforo th�ukin�ia oqtul to or Qrexter th�n the amuunt of the �
<br /> `" euma eecuted by this Security Inetrument Immedtuely betoro tha ukin�,unleas Borrower and I..ender otherwiae aYree
<br /> — in MrItin��the sums eeaurod by this Secudty Instrument efull be�educed by the amount of ttta proceeds multipljed by —
<br /> the followIn�fractton:(a)the total amount of the sume exured lmmediauly before the u�:in�,divided by(b)the isir
<br /> - m�rket wlue of the Property Immedtataly betoro the takin�. Any b�lance shall be paid to Borrower.In the event oi a _
<br /> putisl takin�of the Propetty in which the fatr markat value of the Property immediately beforo the takin�ie lass than
<br /> -- the amount of the auma exured immediauly before the taki��,unle�s Borrower and Lender otherwise a�rce in writin�
<br /> or unless appllcable law otherwise provides, the proceeds ahtll t� �pplied to the aume aecurod by thia Seaurity ___
<br /> --'� Instrument whether or not the aums are then due. _
<br /> It the Property is absndoned by Borrower,or if,dur notice by Lender to Borrower thst the condemnor offera to
<br /> make sn axnrd or settle a clsim for damegea, Borroaer fails to respond to Lender within 30 d�ya�iter tha date the —
<br /> nodce is givan,Lender is authorized to collect and apply the proceeds,at its option,Mther to.t+eetocuion or mpiir of the `
<br /> Property or to the aums secured by this Socurity Inatrument,wluther or not then due.
<br /> Un(ess Lender and Bonowet otherarlse agtee in writing,any application o[proceeda w principal ahaU not extend or
<br /> postpone tho due date of the monthly payments referred to in p�ra�raphs 1 and 2 or attan�c the�mount of suah
<br /> :����;','.� MYments.
<br />"���..�'� I 1. Borrower Not Relwsed; Forbear�nce By Leader Not s Waiver.Extension of thc time for payment or
<br /> maliticat�on of amortization ot the sume secured by this Security Inatrument gcanted by Lendvr to any successor i n �--
<br /> _� �. •�•��',� inurest ot Borcoaer shall not operate to rolease the liability ot the original Borrower or Borrower's succeseors in
<br /> , �, interest.Lender ah�ll not be requirod to commence proceedings against any succes,sor in interest or refuse to exund
<br /> ' y �'"""''_ ' time for ptyment or otherwis�modify amortization of the sums secured by thie Security Inatcument by rcason of any
<br /> = demand made by the od�inal Borrower oe Borrower e sua.�essors in interest. My torbearance by Londer in exerciein� "
<br />• •��^�'•.��. any right or remedy shall not be a waiver o!or preclude the eYercise of any right or nmedy.
<br /> _`� ` �,"'y` � _— 12.Succeccors and A�ignc Bound;Joint�nd Several LisbiHty;Co-:itaers.Ths coven4nta and agrxments
<br /> -� �'t"'''`�'` �• of this Sxurity Instrument shall bind and benefit the successUrs and assi�ns of Lender and Bormwer, subject to the :_
<br /> �:•.�!�V�.. .
<br /> ��°-��� -� -� provis�ons of paragraph 1�.Borrower's covenanta�nd agreEments shall be joint and sevenl.Any Borrower who co-signs �•"`
<br /> :o;'.` •. '`� „ this Sr.cut3ty Instrument but doea not exocuu the Note: (�) is co-signing this Security Instrument onty to mortgaga,
<br /> ;' ' • grant and convey that Borrower's int�rest in the Pro�erty under the terms o[ this Security Instrument; (b) is not —_
<br /> •• . . pecsonally obligated to pay the sums secured by this Security Instrument;and (c)agreea that I.ander and sny other ��
<br /> ' Bonowa may agree to extend.modify,forbeer or make sny accommodations with regerd ta the terme o!this Seaurity � ��
<br />__ � .� ��`. Instrument or the Note without that Borrowec's consent.
<br /> - 13. Loan Char�es. If the loan secured by this Security Instrument is subject to a law which sets maximum losn '�
<br /> ;,_. ., chargea, and that law is finally interpreted so that tha interest or other loun charges colleoted or to be coUected in ����
<br /> =z:: connection with the loan eYCeed the permitted licttits,then; (a}any such loan charge shall be reduced by the amaunt �
<br /> ,�'� � nxessary to reduce the charge to the permitted limit; end (b) any sums alreudy colleoted from $orcower which �
<br /> ; ; � exceeded permitted limits will be refunded to $orrower. Lender may choose to make tttia rcfund by reducing the
<br /> • . , principel owod under the Note or by making a direct peyment to Borrower.If a refund reduccs principal.the reduction ��-�-
<br /> ' �• will be treated es a partial prepayment without any prepayment chergc under the Note. �'°
<br /> ' i, � `" •� ' " 14.Nottces.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by '
<br /> . ":'"'�'''' . mailing it by ficst class mail unless applicable law requires use of another method.The notice shall be directed to the
<br /> � Property Address or any other address Borrower designat�es by notice to Ixnder,Any notice to I.ender shall be given by �r
<br /> - fi:�st class mail ta I.ender's address stated herein or any other address Lender designates by� notice to Borrower. Any 4_ ;
<br /> ,.,�.. . �,.,', nutice provided for in this Security Instrument shell be d�eemed to heve been given to Borrower or L.endec when given �
<br /> `�- • . • ,,;�.;.• as provided in this paragraph. � •
<br />'` • � ; •`''•• 15.Governiag Law;Severability.This Security Instrumrntshall be governed by fedaral law and the law of the � '
<br /> }� � jurisdictian in which the Property is located.In the event thut any�ro�•ision or clausr�f this Sccurity Instrum�nt or the
<br /> � " � , �'1 tiote conflicts with applicable law,such conflict shall not affect other provisions of this Securit��Instrument or the Note
<br />�t�..,.. +:S(},. . ,; ..
<br />_ �•�,. which can be given effect without the conflicting pr�vision.To this end the pro�•isians of this Security Instrument and i
<br />= ' the Note are declared to be s�verable.
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