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<br /> payaknt�may no lon4er be roquirod.u Ihe optian of l.ender,if monyoQc insurnnce caverr�e(fn tho w►�ount�nd for tho perlad
<br /> � tlaq Lender requirea)pravided by an inwror�ppruved by Lender��in becon�availwble and is obu�ined. Borrower�11 p�y
<br /> the promiunu roquirod to m�intAin mort�e inwranco in effect.or to provldc e lo�r+�ervc.untfl tho roquirrment for mort�a�e
<br /> fnwnu�co endi in wccorc�nca wi�h ony written��+cement betwan 8orrower ard l.ender or applicAble law.
<br /> 9.inspectba. Lender or its agent moy make reacorwblo ent�es upon wrd in�pocUona af the Prupcny.Lender Wull�ive
<br /> �_..,:�� Barrower natice at�he time of or p�ior to an inspection�peciiyinR nr�sons�ble awsc(or tho inapection.
<br /> � 10.Caadann�Uon.The proceods oi ony awArd or cl�im far d�tnegea. dircct or consequenti�l. in connec�ian with any
<br /> .�:�• — oondemrution ar other�alcinQ of any part of thc Prope�iy.or for cwmcyancc in lieu of vondomnotinn. aro hercby waoi�ned w�d
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<br /> -;:�j� d�dl be pwid w I.�ender. '
<br /> �. In�he ovent of a tote!taking of the Property.lhe proceeds shall be appliad to tho sums secured by this Socuriry Instrument,
<br />�--Y� whether or not then due. with any excesa paid ta Bottower. In the event af A pnrlial taking af the PmpeRy in which the fair
<br /> — market value of the Property immediotely beforc Ihe talcing ia equal to ar greater than the umount of the cums socurod by this
<br /> ��+°7''��'"`�^ Security Instroment immodiatcl before 1he takfng.unless Barrower and Lender otherwise agree in writin�,the sums securcd by
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<br /> =,5�,"„� .. this Security lnsttument shuli be reduced by �he amount of tho proceeds multiplie�l by the following fraction: (a) the to
<br /> � �..�;.�:te�:s::.,x� anwunt of the sums secured immodiately before the taking.divided by (b)�he fnir market value of the Property imrnadfately -�
<br /> �� � � beforc the taking. Any balance shall be paid to Barrower. In the event of a partial ttiking of the Property in which tho fair
<br /> � 's market value of the Property immediately 6efore the taking is less than the wnount af the sum.�secured immodiately before Ihe
<br /> ...�;�,Y,_ '' �r"�; ;+�' talcfng. unless Borrower and l.ender atherwise agree in writing or unless upplicable IAw otherwise provides.the proceids rholl
<br /> --� �`���'Th �� be applial to the sums secured by this Securlty Instrument whether ar nat the sums nre then due. -
<br /> If the Property is abandoned by Borcawer,ar if,aRer notice by I.ender to Borrower that the condemnar offe�a to make an -
<br /> '�°'�'-�-= ., award or r+etlle a claim for damage.4. BoROwer foils to respond to I.ender within 30 days ufter the dare the natice is Riven, ¢
<br /> � .`, � � " �", Lender is authorized to collect and npply the proceeds,ut its option,eilher to restorwian or repair af�he Property or to the:ums �.
<br /> ..�,"�;�:�-:��.r secure+d by thia Securiry instrument,whether or not then due. -
<br /> �-. .•�.. Unless Lender ond Borrower otherwise ugree in writing, uny opplication oP procoeds to principul shall not extend or _
<br /> }" ` ��� °��� pos�pane the due dpte of the monthly payment�referred to io paragraphs 1 und 2 ar change the amount of such payments.
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<br /> _ ' ���"•,:; 11.Barrawer Not ReleASed;Forbearnnce By I.ender Not a Walver.Extension of the time for payment or madifirwtion
<br /> •����;,�-'�': ' • of wtnonl2ation oithe rums secured by thfs Securfty Instnament gruntod by l.ender ta any successor in interest of Barrower shAll -
<br /> :�:;-� not operate to releASe the liability of thc orlginnl Barrowcr ar Barrowcr's successon�in interest.I.ender shull not be requirod ta
<br /> � ' commerke proceedings against eny successor in interest or refuse to extend time for puyment or othenvise modify amorlization
<br /> �. ,v;,,,�' of the sums secured by this Securlty Instrument by rensan of uny demuncl made by the original Horrower or Borrower's -.
<br /> �: `���• ' successors in interest. Any forbeurance by L.ender in exercising any right or remedy hliull not be a waiver af or preclude the
<br />__ _-_ ����?»t��_ exerciscof any right or remedy. _
<br /> .��j,;,�,,;��.���:;•-.�., 12. Succes.sors and AsgiQn4 Bound;Joint and Seveml Ltabllity; Co-stRners. The covenunts und ugreements of this _
<br /> ,.,+ , �;,, . . � a Security InKtrument shall bind anJ bene�t the tiuccessc��s und assigns of L.ender und Burrower, subject to the provisions of
<br /> . , paragrnph 17. Borrower's cavenants and agrcements sh�ll t►c joint and sevcrul. Any Borrower who co-signs this Security
<br />-`! •�•' � � � " � Instrument but d��es not axecute the Nute: (A1 is co-signing this Security Instrument only to mohguge,grant und convey that
<br /> �� Barrower's interetit in the Property under the tcrms of this Security Instrumant;(bl is not pencxiully obligated to pay the sums
<br /> .�� • '� ' '� " ..���� secured by this Securiry Instrumenl: und(c1 ugrees�hnt I.ender und any atlx:r Borruwer muy agree to extend. maiify,fo�bear or
<br /> : ' •� • " .��"� make any accammcxiutions with regurd to thc tcmis ol'this Securiry Instrument or thc Notc withuut�hut BoROwer's consent. -
<br /> , ~ A' ,Q' � '` !3.I.oan Char�es.If the I�iun secured by thiti Security tnstrument i.whject�o u luw which setz muximum loan charges,
<br /> �k , ,-- , � nnd thut luw is finully inte�prcted so tNnt the imcrest or nther laan churges mUected or to hc collecteJ M connection with the
<br /> ,;� loan exceed the permitteJ limits, �hen: lu)uny+uch loun rhargc shull Ix�rcJuccd by thr umount nececwry ta reduee the churge
<br /> `;n . ��;`� • to the permilted limit;un�i (b)vny sums alreudy coilecicd from &�r�owcr which exrecdeJ perniitted limits will be refunded to
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<br /> : • �'r•c:, •��'. �' .,� Borrower. [.ender may chiwse tu nu�kc thix rrl'unJ by raluring thc prinripal uwcd undcr thc Note or by making u direct
<br />, �� � � � � � payment to Bnrrowcr, If u rel'unJ reducev pri�xipul, thc reduction will be treutccl uti u purtial prepuyment withaut any -°'
<br /> '�',;':-�:'��`"''� prepayment charge under the Notc. _
<br /> ' ` • f �a�S.> 14�Notlees.Any nnticc to&�rrowcr provideJ ti�r in this S��curity Inx�rumcn�shull lk givcn by dclivcring it or by muiling -
<br /> �. �'`�~�� • 'd it by first clacs mail unless upplirublc law reyuirrs u.e ol'unother mcth�xl.The n��tlre shall Ix Jir��tcd tu the Property Address
<br /> • . _ or uny nther address &�rcower dc.ignates by nidirc to I.enJcr. Any nntirc to l.cndcr .hull be givcn by first cl�.ss mail to
<br /> `� `,r�r.• � L.ender's uddress stateJ Ix:rein or uny othcr uddre+� Lendcr dcsi�nute+liy notire ta Horrowrr. Any notice provided for in this
<br /> -��` �� �-� � Securiry In�trument shull be dcemed ti�have bcen given to&�rruwcr�x L.enJrr wh�n givcn u.providcd in�his parngraph.
<br />- � ' `''�' , �. . . lS.CoverninR I.uw; Sever�bllity. This Scruri�y Instrumcnt �liull be gnverned by f'ed�ral luw �nd the luw of the -
<br /> �—'�—��'' - juritidiclion in whirh the Propeny is Ic�cutcd. In the cvent thut uny provitiion or cluu.c of thi�Sccurity Instrument or the Note
<br /> ?��, ���,;:_�,� ,� •�'��. canFlicts with upplicublc luw,sunc�ontlirt shall nut uffcct othcr pmvitiiom uf this Sccurily In+trumcnt or thc Note which can bc �
<br /> '��'""' ��'� �� given effect without thc rnnflicting provitiion.Tu Ihi�end Ihr provisinns o(thi�Security In.trumcnt mxl the Note are dctilared '
<br /> —" { :f`��. . .�. to be severable.
<br /> ,'��-,�: . .°''• ' 16.Borrower's Copy.Borrower shull bc givcn ui�c�onliirnkd c�►py ul'ihe Note unJ��f thix S��curfty lnstrument. �
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