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<br /> ��� {'� ��= .•�• e y o aager be rcyulred,�t thc optioa of Loader,it mo�C inrur+u�cc covCr�c(ia thc Ymouat and tnr thu p�riocl
<br /> th�tt�naddr'tie�u�CS)provided by an taaurcr�pprovedby Lendar�ia becomesavall�blc wd ir obtaiaed.Bnrrcnver��U pay `
<br /> °^*P���+.,�.• Ihe prcmiumuequiredto maiat�in mortgage iruuraocein effect,or to provldc R loc�rescrvc,uatil tl�rcyuiremcadbr aia�a�o
<br /> .,;.,;,�<,,„,.�,;,�p, iiuuraacc cn�uu in accixdstncc with any wriu�n agrecrnent betwecn Borrowcr aad Lcndcr or applfcablc I�w.
<br /> �,� �'. � �;'. p 9. lu�pectiw� Lendcr or its�gcat may makc re�soa�bleentrfes upon and t�pectioas of thc 1'roperty.LCptIOf tIlt1II�IV4
<br /> = � • }- � � • �� Borruwcr n�Kice at t�e timc af ur priar to xn inspccttoa ap:r�ng res�c+�rhle canRr fi►r the in��cction.
<br /> �.{'�•�� � , f; 10. CoodeawUo�. The proceods of any awud or cl�im for damage�,direct or consr.qucntiwl.in coanecti�n with any -
<br /> �• � �• ��� condcmneti�nor othc�taking of any part af thc Propccty�or for coavcyaacc ia Ucu of condompativa,arc 6crebyabslgand snd r
<br /> • `°� ►ha1!bc prid to Lcndcr.
<br /> ,, s ,��••��• � � � • In thc evcnt of�total t�.4iag of the Property,the:proceedsahall be applied to thc sums a�:curcdby this Secur�ty Instrumont,
<br />--_�. , � whcther or not thcn duc, with any cxcess paid to Bortower. In the event of a partial takiag of the Properry in which iba fair
<br /> -- markct valuc oC thc Properry ia�mediately before t6e takiag is equal to ar grcatcr than the amount of the�ums securcd by t6is
<br />_.= ° `. Sccuritylnstrumc�timmedis�tciybeforethetaking, unless8orrowerandLcnderotherwiseagre�inwriting, tdesumsaecuredby
<br />�TM��' • this Security Instrwneat shall be reduccd by the amount of' the praceeds multiplied by the foUowing fraction: (a)tha tc�tal �
<br /> '�-"`•� � t�, �. .� '�� amouat af thc suros secured immediately before the takiag, dividcd by (b)the fair market value oi thc Properry immodiately
<br />��s�� ' beforc Wc taking.My balance s6aU bc paid to Bonowcr.Iu the cvcnt of a partial taking of the Property in whjch the fair
<br /> � �' �' markct valuc of thc Property immediatelybefore the te{cing is less tban the amouat of the sums sccured immediatcly bc:fore tbc __
<br /> �!`'-�'�� taking, ualess Borrower and l.cader otderwise agree L►writing or unless applicable law otherwisc provides,tha praceeds shall —�
<br /> , �� t� be applied to thc sums secured by this Sccurity Instrument whether or aot thc sums are then duc. -
<br /> . If the Property is abandoaedby Borrower,or�, aftcraotice by Lender to Borrower t6at the condemnoroffurs to rnake an _
<br /> • award or settle a claim for damagcs,Borrower f�ils to rapamd to Lcnder within :;0 days after tbc date the notice is given, �___
<br />' • . Lender is authorizedto coUect and apply the procecds,at its option,eithcrto restorationor repair of the Property or to tha sums —
<br /> secured by this Securiry Instrument,whcther or not then due. �a-;
<br /> Unlcss Lcader and Borrower othenvisc agrec in writing, any appGcation of proceeds to principal s6all aoi cxtend or
<br /> '• postponc the dnc date of the monthly pa,aneats referred to in paragraphs 1 and 2 or change thc amount of suc6 pAymontr.
<br /> " � ' 11. Boaower Nat Rele�sed; Forbearaaa By Lender Not x WAiver. Extcnston of the timc for paymcnt or modific�tion
<br /> � ,. . �, of amortvationof the sucns securedby this Security Instrumentgrantedby Lenderto any successor ia interestof Borrower s6all
<br /> �� �� not operatcto releasethe liabiGty of the original Borroweror Borrowcr's successors ia iaterest.Lendershall not ba requiredto --
<br /> •, � commence proceedingsagainst any successor in interest or refuse to extend time for payaaent or atherwise modify amortizutioa ---_
<br />. of thc sums secured by tlus Security Instrument by rcason of any demand madc by tbc original Borrowcr or Borrower's ��-
<br /> � successors in iaterest.My forbcaranceby Lender in cxercisiug any right or remcdy shall not be a waiver af o�preclucle the '—�
<br /> . exercisc of an;right orssmedy.
<br /> . 12. Snccessors pnd Assigas Bound; Joint And Several LJability; Co-slgners. The covcaants and agrecmentsof thia
<br /> Sccurity Insuua►ent shall bind and benefit thc successors and assigns of Lender and Barrower, subject to tho provesions of �+'-t
<br /> . paragraph 1'7. Bottower's covenants and agreements shall t�e joint and several. Any Barrower who co•signs thls Security �---
<br /> Instrumeatbut does not execute the Note: (a)is co-signing this Security Instrumentanly to mortgage,grs+nt and convoy that � :
<br /> � • ,• � Borrower's interest in the Property undcr thc tcrms ot this Security Instrument;(b)is not personally obligatcd to pay tha sums t`
<br /> + '. � � � secured by this Securiry Instrument;and(c)agreesthat Lcnderand any other Borrowermay agrec to cxtend,modify, forbearor �'-'
<br /> t• • • ' make any accommodations with regard to the terms of this Security Instrument or the Note without that Bonower's cons�:nt. -
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<br /> 13. Lo�n Clwrges. If thc loan securcdby this Sccurity Inatrumentis subject to a law which scts maximum loan charges, �;,
<br /> �.' � and that law is finally intcrpretedso that the interest or other loan charges collected or to be collected in connection with the �^
<br /> ,'" loan excecd the permittedlimits, then:(a)any such loan charge shall be reduced by the amount necessary to reduce tho cHarge
<br /> " ' to thc permittcdGtait;and(b)any sums alrcadycollcctedfrom Borrowcrwhich cxceededpermittedlimits will be rcfundcdto `N�
<br /> Borrower. Lender may choose to make this refuad by reducing the principal owed under the Note or by making a direct `
<br /> payment to Borrower. If a re[und reduces principal, the reduction will tx: treated as a partial prepayment withaut any ��
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<br /> prcpaycnent chargc undcr thc Notc. 6��'••,
<br /> �• 14. Notices.Any noticc to Borrowcr provided tor in this Sccurity lnstrumentshall bc:givcn by delivering it or by mailing
<br /> � it by first clas.s mail unless applicable law requires use of anather method.Thc notice shall be directed to the Propc.rty Address � ,,,�
<br /> .. ; or any ather address Borrowcr dcsignatcs by noticc to l.cndcr. Any naticc to Lcndcr shall bc givcn by first clasti mnil to (;' ;.
<br /> . � Lendcr's nddress statcd hcrein or any other address Lendcr dcsignatcs by noticc to Borrowcr.Any notice providcd for in this
<br /> " . Security Instrument shall be dccmed to havc 6een givcn to Borrowcr or l..c;�dcr when given as provided in this paragraph. �-`'
<br /> � ' 1S. Governing I.�w; Severability. This Securily Instrument shall be govcrncd by fcderal l�w and thc law of thc ��F�-
<br /> y ' � , jurisdiction in which the Property is located.ln the event da�t any provision or clause of this Sccurity Instrumentor tha Note ���'�
<br /> � •i � ; conflicts with applicablc law, such conflict shaU not affect othcrprovisians of this Sccurity Instrumcntor thc Notc whicb ran bc '
<br /> �-� ! ''`� ' given effect without the conflicting provision. To this cndthe provisions of this Security Instrumentand the Nate;arc dcclared
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<br /> _ , to be scverable. � -
<br /> ' �� 16. Borrowe�'s Copy. Borrowcrshall hc sivcn onc confotmedcopy af the Nate und of this 5ccurity Instrument. .
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