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<br /> _ �t the opefon o! Lender. iI mortp�e inwranoe uovera�e (io the amount and ior tho period tlt�t Lender requiree)
<br /> provided by an inwra�approved by LaKfer spin beooma�vailablo and i�obtatnad.Bon�ower ohall p�y the pramiuma
<br /> roquirad w mdntdn mort�a�e innuanoe in e[teot,or w provide a lar raerve� until tho requircmont ior mort�a�e
<br /> inaua�ve a�d�io�ooardsnce�it!►�ny Mritta�a�nroement between RortoMer ind 1.e+�de�or appltcable law.
<br /> 9. Iaspectiaa.l�endie�or(ts�ent may mdce ra�on�ble anWa upon�nd inspectiom ot tho Property.Y.en�er ahall
<br /> �ive I3�irmMer natice at the time ot or prior to an inepxdan rpeciiyinQ reaeonsbla c+use tor the inspectton.
<br /> 10.Condemnatioa.The pr+oceed�ot any award or cl�im tor damtRee,diroct or cotuequential,in connection Mith
<br /> any oondem�satian or othet ukin�o[any put o[the Property,or tor convey�nce�n lieu ot eondemnat{on.aro herohy
<br /> '. �iQnnd�iK1 alwll bn pytd w Lefuier. ---
<br /> �� ln tta event oI a total qkin�ot tho Property.the proceeds shall lx applted to the sums exured by thia Security
<br /> Instrument.Mhether or not then due,�vith any eYCess paid to Borrower.In the event of a p�rtisl takin�of thc Property in
<br /> ----= Nhich the fair ma�ket value ot the Property immedi�tely beforo the ukin�is eqwl to or�ceater than the amount ot the _
<br /> ��� auma aecured by thia Secudty Inatrumrnt immediately before the ukin�. unless Borcowec and Lend�r otherwise a�roe
<br /> _._M.....:..:�:;,� i�writina,the suma eecured by thia Socurity Instrument ehall be redwxd by the amount af the proceeds multiplied by
<br /> _ ___ - , .,..,,� the talloMin�itaction:(a)the toal amount of the sums secured immediauly beioro the ukinQ,divided by (b)the iair `
<br /> ��°�'' �°"� m�rket v�lue ot the Propetty immediately beforo the akin�. Any bal�nce ahall be psid to Bnrrower. In the event of a
<br /> ��:�"'��Y;;.�;� puti�l ukin�of the Property in which the fair market v�lue of the Property immedistely betore the caking is lesz than
<br /> ��,;-� , the amount ot the sums sxured immediately be[ore the u{�in�,unless Borrower and Lender otherwis�agree in writin�
<br /> or unlaes �pplicable Itw otherwiee provides, the proceeds shall b� applied to the sums sxuted by this Security _
<br /> __ .----T-�,��.,:p.,., Inatrumrnt whether or not the sume are then du�.
<br /> '`.;_:� I[the Property is ibandoned by Horroaer,or if,afur nottce by Lender to Borrower thst the condemnor otiers to
<br /> _� � • �,. m�ke an axard or aettle�claim for dama�es. Borrnwer fuls to respond to Lender within 30 days afuc the dau the __
<br /> noticx ie�iven,l.encier is authorized to collect and apply the proceeds,at its option,either to restoration or repair ot the —
<br /> Ptoperty or to the sums sxured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Bomower othetwis�agroe in wciting,any application of proceeds to principsl shtll not extend or
<br /> • postpone the dut dau ot the monthly paymonts refecred to in para�caphs 1 and 2 or chanee the amount of such ��'
<br /> • payments.
<br /> I 1. Borrawer Not Raleased; Forbearance By Lender Not a Waiver.Extension of the time tor payment or �
<br /> ' moditication o4 amortiution of the sums socurod by this Security Instrument gnnted by L.�nder to any successor in `•
<br /> ' intereat of Borcower shall not operate to relase the liability of the ori�inal Borcower or $orrower's successors in �%
<br /> � interest.I.ender shaU aot be cequired to commence proceedings against any successor in interest or refuse to extend ��
<br /> � time tor payment oc othera►ise modify amortiution of the sums sxuced by this Security Instrumrnt by reason of any �:,,.
<br /> demand made by the ori�inal Borrower or Borrower's successors in inurest. Any forbearance by Lender in exercisinE �;;_�:
<br /> __ � any riQht or remedy shall not be a waiver of or proclude the exercise of any right or remedy. `N':
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<br /> --- ---- — 12.Successors aad Assisa�Bound;Joint and Seve�al Ltabliity;Co�isaers.The co�•enancs and agcccmc��t� � ••
<br /> of this Security Instrument shall bind and ben�lit the sixcessors and assigns oi l.ender and Borrower,subject to thr �
<br /> pmvisions of patagraph 17.F3orcower's co��enants and agreements shall be joint and several.Any$orcower who co-signs F'`°"
<br /> ' this Socurity Instrument bot dces not execute the hou: (a) is co-signing this Sect�rity Instrument only to mortgage, �'-'
<br /> gc�nt and convey th�t Borrower's interest in the Property under the terms of this Security Instrument; (b) is not ,
<br /> personally obligated to piy the sums secured by this Security Instrumenr,and (c) agrces that Lender and any other
<br /> Borrower may agree to extend,modify,forbear or make any accommodations with reQard to the terms of this Security� �
<br /> Instrument or the Note without that Borroa•er's consent. ��
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<br /> 13. Loan C6ar�es. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> ��°, � chargcs,aucl thst iaR is tinalty intcrprctcd so that the inter�t or other loan charges collected or to be collected in �^
<br /> ` connaction with the loan exceeci the permitted limits, then: (a) any� such loan charge shall be reduced by the amount �
<br /> ��, necessary to roduce the charge to the permitted limit; and (b� anl sums already collected from Borrower which
<br /> exceeded permitted limits wil) be refunded to Borrower. Lxnder may choose to make this refund by reducing thr �
<br /> . principal owed under the Note or by making a direct payment to Borrowcr.If o retund reduces principal,the reduction �r
<br /> :: � will be treated as a partial prepayment without any prepayment charge under the�ote. b-
<br /> � � 14.Notices.Any notice to Bocroaer provided for in thisSecurity Instrumentshall be gi�'en by�deli�•ering it or b�•
<br /> � mailing it by first class mail unless spplicable law requires use of anothrr mathod.The notice shall be directed to the
<br /> . Property Address or any other addres4 BorroNer designates b��notice to Ixnder.?►ny noticr.to I.ender shall be gi��en by
<br /> ' first class mail to Lenders address stated herein or any other address Ixnder d�ignates b�• notice to $orrow•er. �n}•
<br /> notice providad for in this Security Instrument shall be deemed to hace been gi�•en to}3orrow�er or(.ender when gi�•en
<br /> . , as pro�•ided in this paragtaph. '
<br /> 1 S.Governia�Law;Severabilit�•.1�his Securit�•Instrument shall Ue go�•rrned b�•ic�ieral law and the 1aW of the �
<br /> , •'��•' jurisdiction in a hich the Property is located.ln thr r�•ent that anp pro�•ision�r clausr of this�urit��Instrument or the
<br /> .. •. � Note conflicts with applicable law,such conflict shall n�t affect other pro�•isic�ns c�f this Sc,;urity Instrumenc or the\ote
<br /> ,: � � which can be gi��en effect x•ithout the conflicting pr���'ision.�lb this end thr pro�•isions ot this Srcurity Instrument and
<br /> { ' the Note are declared to be severable.
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