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<br /> Qaymenu mry ro lon�er bc roquired,at the aptiun uf'Lender. Ii mort�aye insuranco covera�e(in thc�uraunt and for the per:od
<br /> th�t lxnder reyuire9)provided by an insurer spproved by I.crder ug�in ba�nxs avuil�ble wwi is oblainal. Bormwcr�Fwll pwy
<br /> thc premium�royuitad to maintatn nx�rtQ�ge insurance in ctfxt,ar to proclde A loss rescrve,until the requircment for mon�a�e
<br /> iesunnoe enda in aabrdor�ce with any written a�roement betwan Borrower rrd Lender ur ypplicabk law.
<br /> 9.Iaipectba.Lender ar Its�ent may rtwke reisonable enc�les upon w�d inspoctions i�f the P�operty.Lender�h�ll�ive
<br /> Borrower notire u the time of or prlor to pn inspoc�ion spacifyln�n�sc�nabl�uux for the inspectton.
<br /> 10.Ca�de�an�tloo. 1't� procroods of any award or claim for dartwQes. direct or consequentiul. in connoction wfth any
<br /> co�xlemrution or other WcinQ uf any pan of the Prnperty.or for conveyxnce in lieu of��ondemnrtian.yrc hercby usi�rbd and
<br /> �—— — --' stwll be paid tu Lerxier. '"-
<br /> I�the event of�tWal takin�of the Propeny,the pmcads shall be appliod to the wnu socurai by this Security Instrument,
<br /> whether or not then due,with any excess puid to Borrower. In the event of u p•rrti•rl taking of[he Propeny in which the fsd� _
<br /> market value of thc Property immodiatcly bafurc the taking is eqwl to ar grcater th•rn the anxwnt af thc wms saurai by this
<br /> _ __ Security Instrumcnt inunodiatcly bcforc the taking,unless Bormwer�xi l.e�er othcrwise agrec in writin�, the sums saured by
<br /> this Sa:urity Inuniment stwll be raiucod by the wnount of the pnxeais multiplied by the follawing fraction: (a1 the total
<br /> —�- -° °-"�—°- anxwnt uf the swtu se��urod inmxxliately befure the wking. Jividcd by lb)the fuir market value of thc Propcny immodiately
<br /> beforc the ulcing. Any balance shall tx paid to Bormwe�. In the event of a p:►rtiul taking of the Pmperty in which the fair
<br /> market value of the Property irtunediutely before thc taking i�less ttwn the amount of the sums secured immaii•rtely before the
<br /> t�lcing.unless Borrowe�and Lender otherwise agrec in writi�g or unless applicable law whe�wise provide�,the pra�eeds st�all
<br /> be applird to the sums securod by this Security Instrument whether or not the sun�.,am then due.
<br /> If the Property is abwxlonod by Borrower,or if,after nc�tice by L.encicr to 8ormwer that the condemnor offers to make an
<br /> award or settle a claim for darn�ges, Borrower fuils to nes�wnd to l.ender within 30 days after the date the notice is given.
<br /> Lender is authorizod ro colloct�nd s+pply the proreods,at its option,eitber to�+estorrtion or rcpair uf the 1'�operty or to the wmc �
<br /> securai by this Security instrument.whether or not tlxn due.
<br /> ti. �,.,,;;; Unless LxKder and Borrower otherwise s►gcee in writing, any application of procceds to principal ahall ncx extend or
<br /> postpotx the due date af the monthly payments�efemed to in puagraphs 1 and?or change the anxwnt of such payments.
<br /> _ 11.Bormwer Hot Released;Forbearance Bv l,ender Not��Vaiver.Extension of the time for payment or modifiration
<br /> � ��.�
<br /> of�nonization of the sums securod by this Securiry Instrume��t graotcd by Cende�to any successor in inrerest of Borrower:;twll
<br /> � �.,��- not ope�te to release the liability of the original Borrower or Bormw�er's succeswrs in interest. I.ender shull not be requinxf to
<br /> �'�'�'�'r.^. commence procoedings against any wcoessor in intemst nr refuse[o extend time for payment o�otherni�e modify;unorti�ation
<br /> ..- , �� ....
<br /> of the sums secured by this Security lnstrument by reason of:�ny dennnd made by thc origirwl Borrower or Borruwer's
<br /> " f .,,;r. ti succxssors in intercst. Any forbwr�ce by Lender in exercising otny right o� remedy shall not be u w:tiver of or pnxlude the �r
<br /> . . .. �,. _
<br /> . �;,�y,}.,...,: . exercise of any right or�emedy.
<br /> �; �t�t•:•�,:;�., 12. Sweeescors and Assigns Ilound; Jaint And SeverAt I.is�bitity:l:o-signers. 7he a��•emmx anci �greemen[s of this a_
<br /> ��'��•� •' �•'• Securiry lnstrument shall bind and benefit the sucressors and astiigns of'l.ender and Bortuwer, subject to the provisions of `f�'
<br /> . ' paragraph 17. Borrower's covenants and agreenxnta shall be joint �nd several. Any Borcower who a�signs this Securiry
<br /> �" Instrument but does not exccute the Note: (u) is cc►-signing thia Security Instrunknt only to nxirtgage,grant and comey that
<br /> :�' ' .�:�,a,� � Borrowcr's intcrest in the Property undcr thc terni�of thi.Se*curit�• instrument:(b)ir nat perr�ma�ly obligated w pay tt�.umy :°�
<br /> , •,`: „': , secured by thi�Security Ustrun�ent;and(c1 agrees that Lcnder�nd any other Borrower m:►y ag�e to extcn�i,nwdify.furt+ru or ``�'
<br /> ;��,y3.,,,�.�,w�„�,,... make any accommodations with mgard to the tercns��f thi+Sccurity Instrumcnt or the N�xe with.w�tiwt Bormwe�s wnzent.
<br /> ' 13.I.aa►n Charges.If the Icun xYUR�i by this Securiry In+trun�ent i.subject to a law which sets maximum Iwn charges, �
<br /> u �����- and that I:�w is finally interprctai`o that the interest or aher I�wn ch•rrge�rull�tihd nr t��lx culh�cted in conne�tion with the � �
<br /> ""�"'^" �"'w�"` loan excced the rniitted limits,thrn: lal un wrh Iwn cha� e.hall he n�iur�d b the am�wnt necesw • to reduce the cha e
<br /> ��r. ,, .• P� Y F Y 4 B �',.
<br /> - �t,�"}:.', � ". � m the permittod limit: arki lb):u►y sums al�wdy collect��i frum Bormwrr which exr�tid�Yi pern�iani limits will be refu�xic*�!to -
<br /> ''µ�;,;1;y;v,J,��_,� Borrower. Lender may chc�se to make thi� refuixi by� miucing the principal ow���1 utxler the Note or by m�king •r direct
<br /> -�.,... _. .•. payment to Borrowcr. If a rcfund ralures principal, thc reductiun will be treat�xi :u a p:irci�l prcpayment without �u►y _;
<br /> •,�••b��.. ,. .•',: P�Yment charge under�he Nota �•.�--
<br /> :. ,r:,.-. -..� ���`''+,,r 14.Notices. An notice to&irrower ro�•idcd ti�r in this Serurit Inurunxnt+h•rll t+e iven b dclivrrin it ur b m�ilin �`
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<br /> {�u�`'- i `�,r it by first clus m:iil unle�s applicable law requirc.u��if anauhe� methai.The nutire>hall be dirctitc�i to the Propeny Addn�s �����
<br /> s�:-��.•.�:: :.. .
<br /> '1'��, or any other address Borr��w•er de.ig�►te. by nutirc ti� Lerxicr. Any rxuir� tu l.rixier ,h•rl! tk given by fic,t cl;us mail to
<br /> :��:` �d..L.; -
<br /> - � Lender's address stated lkrein or any cxhcr:Kidres. Lrixlcr.lc.igna�cs by�x�ticr tu&�rcuw�cr. Any nuti��; pruvid�til fi�r in this °_--
<br /> �� t,..� Secnrity Inslrument shal{be deemctii tu have been gi�en to&�rruwer ur l.r�xir�whcn givrn a�pn,vidcd in thi�p;�ragr.iph. �'
<br /> "4 �� ''�. � I5.Govrmtng I,s�w•; Se�embility. Thi� S.�c�urin ln.trunknt .nsn � ��,���� ny r���.►i i�w :u�i t}►e 1.►a uf the i,_
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<br /> - ��9,'/.•,,; .� jurisdiction in which the I'eoperty is Icxated. In th; eti�nt that am pnn•i�ion or rlau.r uC�hi�S:tiurit}� Imtrunxnt or the l�iote �.'=`.
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<br /> -���'r�,;�;.s�'.;�'.�; conflicts with applicable law,such��nfli�t xh•rll trx afftct uther priwisium uf thi,S�tiuriq•Imtrunknt or the Nutr whirh r;ui be
<br /> z� :�'� '.� . given effoct without the mnflicting provision.Tu tA�>cnd the pruvisions of this S�tiurity In�trunxnt�uu!the N�te am decl:tred _n,
<br /> - ,� _ ` , to be xvcr�ble. �,W�
<br /> :.y'�;�:._ 16.BorroN�er's Copy.Bornower�11 be given one�rontiirt►k-J ropy uf the Nutr a►xi of thi.Se.urity In�trument. �`�
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