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<br /> -at the option of i.endcr. ii.�ortp�e iasuranoe covera�e(ia t1�e amouat at�fbr t�t paiod�that I�ender requitee}
<br /> provided�by sn ineiu�er spprovad 6y I.ender apin beoomes avaitabte and ia obt�i�ted.$ormMer ah�tl py the precniums ;
<br /> , .e�equited to mait�iain mort��i�uranoe•ia attect,or ta pe+�vide s loes re�e�rv��until the requiremeat for mortPt'�
<br /> . , i�tMx tade ia aocordance�rith any Mritten ap�eement btt�veen Borto�rer uM I.ender or applicable laar. � � -
<br /> - 9.tASpectIon.I.ender or its a�ent n�sy m�te rpaimabte tnuiea upon and inspxtions of tha Property.Lender shait -
<br /> --- - -_— �ive Borroker notice at tt�e time ot or priot to u►i�rectioa spxifyin�rasonaMe cause ior the inspecaon. ' _- ---
<br /> - __ , 10 Coadennaatiou.The pruceeds oi any aNUd or clsim for d�ma�es,dircct or canseqaential,in su�siiaxion witl, ==�-
<br /> -� any ooademnstion or ather ukin�oi any ptt oi tt�c Property.or for cot�vaysnce in iieu oi condemmtion�are hercby , i��- "��-
<br /> : ' affii�ed at�afnl!ba pid to�,ea� ' ,.. � �� -
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<br /> - � Ia the event ot a mtal takin�ot the Pmpert�r,the proceeds ahal!be applied to tde sums sxttt+ai by this Secunty � .�.}-14 .
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<br /> �� �."' instniment,xhether or not the�i d�te,wich-any excoes�+iid ta Borro�rer.1�fhe event o?s p�raa!talung�the�i�aperty in � ��.,,��Y.z--
<br /> . . +vhich the isir muket wlue of the Pnopertq immediately before the tiiring is eqw{to or�rester than the amounc of the ==�'�``"�'`"
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<br /> � � anms exurod by this Seewity tttisttt�ment immediauly betae tha t�kia�,uatess Borm*nr uEd Lender otherRrisc sgra �•_= =��t;_�;:
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<br /> - in xritin�,the sums sac�md by this Securitg Instrunient shall be red�ced by the amount ot the proceeds mukiptied by . . ...
<br />_ `� tlu following fraction(a)the wt*1 amount ot the sums sxu�ed,immediately before tha hking.divided by'(b)die idir . �`�1�`�
<br />_ '` . ' mactcet value of thc ptoperty immediately betore the nlrin�.Any 6iluroe sbsU l�e paid to Bonower.In the event af a . -
<br />-`' S� ' '=' ` '� a1 takiA of tt�c Pm �n�vhich the fair market value af the Pro tmmediatei be[ore the takin is le�than "
<br /> . -�::�4�� . � e r�*�s►' �v' x s' � � : � ,° ;
<br /> 7!. -_ � '�•';��±'-_ - the amount oi the sums sxured immediauly before the t�king.unless Bonnxer snd Lender otherwise agre�in Nritiag ` ��,; . ,:'"
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<br /> �_�� or untess applicable laN otherNise provides, the proceeds sh�ll be applied to thc isums sxured by this Sxuritq ��� �
<br /> :� .' �,�.�..:=.4;°=���-- . . � �: . .� � �
<br /> . -�. Instrumeat whether or nnt the sums are th�n due.
<br /> _�;�;��.�..;:'=:;�K'� If ttie Property is abandoned by Bocrower�or if.afut norice by Lender to Borrower that the condemnor offec�s to
<br />• �:. :-•,�:. - � ��� : make sn awatd ar.settle s claim for damages„Borrower fsifs to respond to Lender within 30 days after tAe date the e ' �.;��
<br /> " „•.,: notice is given.Lender is authoriud to collect and apply the praoeeds.at its op'tion.either w restoration or repair of the � � - - � �.�;�
<br /> , _ - :;,� -' , Pmperty or to the sums sxuted by thisSeeurity Ingtruma�t,xnathec or not tAen due. °-.� . _- -,:
<br />_ �=.:':,,.,,�- ^��' �S. Uniess Lender snd Borroxer othenvise agree in�vsiting,any application ot proceeds to principal shall not erttea3 or .' .._:�T''
<br />- . �^ti;�,., . ,•;� _' postpone th+e due dau o!the moatWY psYments refened to:ia peragraphs 1 and 2 or change�the�mount of sc�ch ��_ � f..�":
<br /> ,._.... .:. - y .. payments. ' f , � �'', .
<br /> . � , ll. Bonower Not Release�l;Forbearance Bq Lender Not a Waives.�xteasion of the time�for payment or � - ,.
<br /> '. . � �. :.:T`�..:_.� ;,�� modircation of at�tortizstion of the soms socuted by this Socurity Instrumet►t gcanted by I ender to any suecessor in !• ' -- -_.-
<br /> -- ' . � -- , interest of Hotrower shall not operate to telease the liability of the original Borrower or Borrower's suaaessors in � - - ��
<br />_ . . � intensc Leader shall not he required to commence proceeding�against any succ�or in interest or refuse to extend i - ,_;=;�;y.
<br /> _ � . . ' .• time for payment or otherwisa modify amortization of the sisms sxured by this Savria�Instnsmcnt by reason ot any � ��.;rt'i;�
<br /> � . dema�nd mad�by the original Bonower or Bomower's sttccessors in interest.My forbearance by Le�tder in exetcising �. :" . '
<br /> -- - - --any rightsr remedy shait nat be a wai�er o!or preclude tha erercise olany right or remedy. ;=-��--�-'
<br /> � � ' 12.Soccessors and Assi=ns�Bound;Joint and Several Lia6ility;Co-si=nera The covenants and agreements : '�� .-
<br /> • . '. . : '' of this 59,,-urity Instrument shali bind and beneCt the successors and as�signs oi Lender and Borrower.subject to the � � i�
<br /> . '. . provisioiu of psragvaph 17.Bornowar's covenants and agrcements shall be joint and sevecal.Any Bonoarer who cm;.;;,gns � ' '
<br /> - � . '- . . . this Sxurity Instroment but daes not esecute the Note: (a)is co-signing tt�is Security Instrument oniy to riioctgage. � � ' ':�. ',
<br /> _:.:,.. grant and �n��y that Borrower's iuterest in the Praperty uuder the urms of this Security lnstntmen�(b):��s.;tlot t.-.--,-.----..-._.:-_
<br /> -�- .. -�.- --��. peisonalty.obligated w pay the sums secured by this Security Instrument;as►d (a)agrees that Lendet�and�any�;ot�ter •' � �
<br />_ . Borrower�ay agroa to estend.modify,forbear or malce any accoramodations with.regard m the u�s�ot tl�i$Securlty�
<br />'° � Instrume�Qar the Note without that Barrower's consent. ��
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<br /> - - 13. Losn C6ar=es.If the loan secured by thia Security Instrument is subject to a law whiah Qets maxi�u�n laan ... ��
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<br /> :� � . ` charges._and that law is tinally interpreted so that the interest or other 4aan charges coll�cted.orrto:be oolieoted in • .
<br /> -?`' - � connection with the loan exceed the permitted limits,then:(a)any such��an chatge shsll be reduced by�tAe�mount ', �
<br />�=�. •' , necessary to reduce the charge to the permitced limit; and (b) any sums already'collected trom Borrqwer which '
<br />=t' , � �, eYCeeded permitted limits will be refunded to Borrower, l�ender may choose w'make this refimil'by�ii�di�ng the •� . . .
<br /> :" , '. � .: principal owed under the Note or by making a direct payment to Bonower.If a refund:reduces prin0ipel;tijet�aduetion °
<br /> i��:'' ' : will be treated as a partial prepayment without any prepayment chatge undee the Note. � • ��� '•
<br />- ` "� �"" � " �:?-��� 14.Notias.dny notice to$orrower provided for in this Security I�su�ment shall be given by'delivering tt or by �
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<br />"; ; - � mailing it by first eYas�mail unless applicable Iaw requires use of another method.The nosice shall pe'dire�tecl to the .`
<br />_ � . ' Property Address or sny other addtess Borrowet designates by notice to Let�der.Any natice to Lender shall ba given by ! �
<br /> ' � first ctass mail to I.ender's address stated herein or any othec address l.ender designates by notice to Borrower.:Any � , ,�
<br />"�� �� • � � � - �-� noticse provided[or in this Security Instrument ahall be dcemed to have been given to Horrower or Lertder wheii glven • � �;;i:
<br />.i�' ` :�'��', . . as provided in this paragraph.
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<br /> � � ;��:_ �. � • � 15.Governin=Lsw;Seversbility.This Security lnstrument shall be governed by federal!aw and the law of the ,
<br /> ,: jurisdiction in which tha Property is located.In tlie event that any provision or clause of this Security Instrument or the -
<br /> '( . j ` Note conflicts with applicable 1aw.such contlict shall not affect other provisions qf this Security Instrument or the Note � '. .
<br /> � �� r�. � � � �� �- - ahich qn ba 'ven effect without�he conflictin rovision.To thts end the rovisinns of this Securit Inst um t :
<br /> � , _ 8� 8 P . P . Y r en and
<br /> � �� the Note are declared ta be severahLe. �i::..•� . �
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