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<br /> psymeats m�y no IonQer be reyuired.u the c�pllon ot l.erder.if mort�rge irnwnnce coven�e(inilx��rrau� or pedod
<br />- - — -- tl:et Lttx!_t reejuira)��vkied by an Inwroc y�rovai by L.e�xler�gain beconte��vxflable and i�obuined. Borrowa stWl py ,_
<br /> the praniums requiral w malnWn mort��e inunuice in ef�'oct,or to provlde�lac�raerve.until the requinme�M farnai�a�e
<br /> inwn�xY end�in accorda�ice with�ny w�itten�roen�ent betwarn Borrower and Lendcr o��ppHc�bte 1aw.
<br /> 9. Urpectton.Lender or it��ent rruiy make rea�wnable enMes upon uid incpoctians uf the Property.Lender�t�ll�tve
<br /> 8onower�wtice�t the time of or priar to an i�upa:don epxiFyin�rca�wn�ble cwse for the inupoction.
<br /> 10. Co�wl�mn�Uon�Tho proceed�of any awud or cl�im for cWru�es,dierct or wnsequential, in cwu�oction wl�h any
<br /> --_=--=--==� cundemn��iE�n�x�ulxr taking of rny pntt of the Pn�prrty,ur for conveywue i�ti licu of condeiitnatian. are hereby assirned and `
<br /> shdl be puid ta l.ender.
<br /> - In the event of a toW taking of die Praperty, the procoods shall be spp�iad t�the sum�securod by this Securlty In�trument,
<br /> ` whethcr or not then due,with nny cxccss p�id to Bormwer. In the event of a p�rtial tAlcing nf thc Property in which the f�ir
<br /> — rr�rkot value of the Property immediately 6efore the taking is eyu�l to or grwter than the anxwnt af the cum�securocl by this
<br /> Socurity instrwnent immediately bcfarc the taking. unless Barrower�uxi I.ender athenvise agrce in wdtinQ,thc sums se�urod by
<br /> �--- ` -- - -_' this Securiry Instrument shall be reducal by the unwunt ot the proceeds multiplicd by the following fraction: (e) the total —
<br /> � amount of the sums secured inunediately beforc the taking, dividai by (b) the fair market valuc of the PropeRy immediately
<br /> before the tnicing. Any b�lance shall be pnid tu Borrawer. In the event of a psirtial taking of the Property i� which the f�ir
<br /> mnrket value of the Property immediately before ttm tuking is less than tiu amount of the sums secured imirkdiately before the
<br /> Wking,unless Borrower and l.ender othenvitie ugrce in wdting or unless applicable law othenvise provfdes.the prqr�oc�ds shaU
<br /> _ be applied to the sums xcured by this Securicy Ir►strument whether ar not the sums arc then due.
<br /> ��°g" If the Property is abandotwd by Borcower,or if,after notice by Lender to Barrawer that thc condemnor offers to rneke an
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<br /> - ' award or setde a claim for demages, Borrower fails to respond to Lender within 30 days �i'ter the ciate the nocice is given, -
<br />_ ' "�'�`��� Lender is uuthorized to collect and apply the proceeds,at its option,either to rcstorsuion or repair of the Property or ro the sums
<br />- �';�~a' "�"''"' secured by this Security Instrument,whether or not then due. —
<br />- ���'�>��.=: ... Unless Lender and Bon•ower otherwise ngree in writing, uny application of procceds ta prineipal shall na extend or
<br /> � �'��';`.� ••' postpone the due datc of the manthly payments referred to in parugraphc i and 2 or change the amount of such payments.
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<br /> � � �`•�`�''"'�;�`� 11. Borrower Not ReleASed;ForbeArance By I.ender Not a WAtver. Extension of the time fur payment or modificution
<br /> �'� �����^� of amonization of the sums tiecured by this Security Instrument grAnted by L.ender to any succesu�r in interest of Bc,rrower shall
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<br /> �' ���•�''�� �° ' '' t►ot operate to release the liubility of the originel Borrower�r&�rrower's successors in interest. I.ender shall not be required to
<br /> •4:r%�' .�''"' �• .��� commence rocecdin s a ainst an successor in interest or refuse to extend time far ment or otherwise modify amorti•ration
<br /> _ Y.,,.�„;.,; .. . : P B B Y PaY
<br /> �.;i::'��:!:s�'���;`;,r�• of the sums secured by this Security I�strument by re�.�n of any demand made by the origin�l Borrower or Borrower's --
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<br /> successors in interest. Any forhearunce by Lender in exercising any �ight ar remeciy shall not be a waiver of ar preclude the
<br /> ' „���;•::�ar�s=4.:��> ' exemisc of any right or remedy.
<br /> ,� 12. Successors und Assigns Bound; Joint and Sever�l Liability; Casi�ners. The covenants and agmemcnts of this
<br /> Securiry Instrument shall birxi und benetit the succetisors und astiigns�if l.ender arxi Be�rrower, wbj��t to the provisions uf
<br /> � paragraph 17. Borrowcr's cuven•rnts anJ agnemenis ,hall bc juint and scvcrnl. Any Borrower wfio co-tiigns this Sec�rit�•
<br /> � � Instrument but does not execute the Notr: (a)is co•signing thiti Securit} in�trument unly tu mortga�;e, grant und mnvcy� that _
<br /> "� �� Borrowcr's interest in the Praperty undcr the termx of thiti Sccurity ln.rtrument; (bl is not pc:rsonallp obli�atcd to pay the sums
<br /> . , secured by this Security instrument: und(c)ugrees that I.cnder und uny uthrr&�rrower msy agrec to extcnd, modify,forbcar or �"`
<br /> � � nwke any accommcxlutioas with regard to the terniti uf thiti Sccurity Imtrument ur the Nate withuut that Borrower's cun.rent.
<br /> , ••• � � 13. Loan Cha�es.If the loan�ecured by this Security Instrumcnt i�wbjrrt ta a 1•rw which setti m•rximum lo�n char�es, --
<br /> t� . � and thut law is finaUy imerpreted���that thr intuest ��r uthrr loan chargc. collrrted ur tu t+e coliecte� in connection with the �
<br /> =. .. laan excced the permitted limit�,thcn: la)any xurh loan rhurgc tihall t�c reduccd by thr•rmuunt neces�ary tu reduce ihe ch:uge
<br /> t. ' �=,. � to the permitted limit; and (b)•rny tium�alrcady rollecteJ fcom Burri�wer whinc �xrcrd��J permitt��l limits will bc mfunded to _
<br /> Borr�wer. Lsnder tn:►y chootic to mukc thi. refunJ by rcducing thr principal uw�J under the Note ur by tttaking u direct
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<br />' � . •.. payment tn Burrower. If u refund n�duce� princip:�l. the rcductic,n will t+c trcatcd ati a parcial prcpuymcnt withcwt any
<br /> . 1' - prepaymcnt rhArge undcr thr Notc.
<br /> ,:%..� I . � 14. Notices. Any noticc to Borruwcr priwideJ li�r in tt�i.Sc�urit} Instrumrnt +hall tx given h� dclivering it urby nwiling
<br /> � � it by fint clas�muil unless applicablc law rcyuirc.u�c of unuther meth�xi. The n��tice shall tx directed to the PrapeAy AJdreti+ �
<br /> . ° or any othcr addre.+ E3�ttrowcr dctiignatcs hy nuticc tu Lcndcr. Any natirc to I.cndcr shall hc givcn by 6r�t cla�ti mail tii � �
<br /> "`_ �zi. • Lendcr's addrezs stutcd herein��r uny othcr addretis LrnJcr dcsignates by notirr to Bc�rruwer. Any notice provid�-�i tor in this 4�
<br /> _�:.��'. �� •� ;, , Securiry Instrument shull tx;deemed ti�huve hccn};i�•cn tu Burzow•cr or Lrndcr wh�n given u+providcd:n thiti para�nph. _
<br /> �� � , ,. , ,� 15. Governing Law•; Sever�bility. Thiti Sccurity Instrument �hall Ix gu��rrncd by fcdcral law u�xl the law o!'the j� _
<br />_ , n jurisdiction in which the Property i��cxatcd. ln thc event ihut any pru�•i,iun or rlau.c��t'thi+Sc�urity In+trumcnt ar[hc Notc
<br />_, �.. . conflicts with upplicablc law,sunc�anflirt.hall nut aficrt othrr proviyionti��f thiti Srrurit� In+uumrnt ur thc N�itc whinc�un bc �
<br /> ����' �'"��Y"' ''� given effect without the conflicting proeitiion.To thix end the provitiii�rtm uf thi+Srcurity Imtrumcnt anJ thr Nate are declared �-
<br /> � 4��. . to be wvrrublc. "
<br /> � � '. �=-' Ib. Borrower's Copy. &rrruwer tihall Y+e givcn onc ccmtbrmeJ�upy ot�thr Nutr unJ of this Secu�ity Intitruttx:nt.
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