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<br /> at the opt�nn ot I.ender� if mort�a�e f�unranon coven�e (In tt►e smount�nd ior th� pedod that Lender requira)
<br /> provided by�n inwroc approved by Latider�pin beooma avdl�ble and i�obtained.Hocmwer ehdl py the premiums
<br /> rtiquired to m�inuin mortpRe i�uranoe in eKeat,or to provide a lor re�ve, u�til the requiroment tor mo�aje
<br /> irounnoe end�in a000td�na with any wdtta►ap�m�nt betMeen Bocm�er and I.e�b�or�pplicable I�M.
<br /> 9.III��NCt�Op.I,ender nr iU a�a►t m�y milce rauon�blo ontriea upon and inspecttona of the Property.I.ender atwll
<br /> �tve Aorrower nadoe�t the t�me ot or prior to�n i�tion specifyin�raeonable cause tor ehe inepection.
<br /> - 10. Condemnatioa.Thn prooeecb ot any award or claim tor damaQee,direct or con�equenti�l, in connection�vith
<br /> �ny oandemnttion or other taltln�of any part at the Property,or for conveyance in Iteu of oondemmtion.ue hereby
<br /> �i�ned and ehall be p�id to I.ender.
<br /> - In the event of a wul ukin�ot the Property,the pro�eals ehatt be applial w the aume eecuced by this Socurity ' �
<br /> lnstrument,whether or not then due,Mith my excess patd to BorroMer.In the event of a p�rtlal takin�ot the PropMy in
<br /> which tho iair m�rket value of the Property immedi�tely befote the t�kinY ia eqwl to ar greater th�n the amount of the
<br /> __— _ auma securod by this Socurity lnatrument immedi�tely befare the ta�in�,unloes Borroaer and l.ender otherwise��ra
<br /> in Mritin�,the sums secuced by this Security Inauument shall be redu�xd by the amount of tho proceeda multipliod by
<br /> the tollowtn�{raction:(a)the toul amount of the eums aecurod immediately beforo the takin�,divided by (b) tho fair
<br /> __—__�-- --�-�� market velue af the!'roperty imntadiate�y before the uking.Any balance shall be p�id to Borrower.In the event of a ___
<br /> partial talcin�oi the Property in which the fair market value ot the Property immediauly betore the Ukin�is less thm
<br /> � ---� the amount of the sums secured immodisuly beforo the ukine, unless Borrower md Lender otherwise a�roe in writine
<br /> or unlese applicabte law otherNisc providea, the proceoda ahall l�e applied W the sums sxured by this Socurity
<br /> — - Insttument whether or not the aums�re then due.
<br /> '"-'' If the Property is abandoned by Bonower,or if,atter aottoe by Lender to Borrower thit the co�demnor offers to
<br /> -w�y��.
<br /> make sn award or aottle� claim for dam��es, Borrower fails to respond to L�nder within 30 days i[ur the date the
<br /> ' ' ^ notta is given,Lender is authorized to collxt�nd apply the pcoceeds,at its option,cither w testontion o�reptir of the
<br /> °"r�V='�"`�'r •' Property or to the suma sxured by this Security Instrument.whethcr or not then duc. �
<br /> ��:�a,"•.;if'��� ''`� Unless Lender and Borcower otherwise a roe in writin .�n • lication of roceeds to rinci 1 shall not eYtend or �''
<br /> :,. � 8 Y PP P P Ps —�-
<br /> � , , postpone the due date of the monthly payments reterced to in para�raphs I and 2 or chan�e the amoUnt ot euch
<br /> � � • .� Paym�nts.
<br /> ' • ' 11. Bonower Not Relea�d;Focbearaace Hy Leader Nnt a Walver. Extension of the time foc p�ymrnt oc
<br /> , ;+ ,
<br /> modification of amortiution of the sums sxured by this Security Instrument�ranted by I.ender to any succes�sor in
<br /> � � �� �`'� inurest of Borrow�r shall not operate to relase the liability ot the original Borrower or Borrawer's successorg in
<br /> ' interest. Lender shall not be rcquired to commence proceedings against any auccessor in intoroat or refuse to extend
<br /> teme for payment or otherwise modity amortization of the sums securod by this Security Inetrument by reason of any
<br /> demind made by the ori�inal Borrower or Borrower's successors in interest. Any torbearance by L.endec in exercisin� �_.
<br /> '"���"���� tny ri�ht or remedy shill not be a waiver of or preclude the exerciae of any right or remedy.
<br /> _ _ �.��_•_—_ _._a 12.Succesaors aad AssiEns Bound; Joint sad Sevenl Liability:Co-siRners.The covenints and aRrcements �`
<br /> of this Security Instrument shall bind and benefit the successors and assigns of I.ender and Borrower, subject to the ��..
<br /> provisions of pangraph 17.Borrower's covenants and agrcements shall be joint and several.Any Borrower who co-signs —°
<br /> this Security Instrument but dces not execute the Note: (a) is co-signing this Security Instrument only to mortgage,
<br /> �.�
<br /> grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not
<br /> personaUy obligate�d to pay the sums secured by this Security Instrument;and (c) agrers that Lender and eny other
<br /> Borrower may agree to extend,modify,forbear or make any eccommudations with regard to the terms of thia Security ""''
<br /> Instrument or the Note without that Borrower's consent.
<br /> � 13. Loan Char�es. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> �y charges, and that Iaw is tinally interpreted so that the interest or other loan charges collected or ta be collected in Q--
<br /> �y conneetion with the loan exceed the permitted timic5,then: (o) any such ioan charge shall b� rr.�Iuce1 by ti►c amuunt ""
<br /> � + necessary to reduce the charge to thc permitted limit; and (b) any sums already c�llected from Borrower which ►,�1'»�
<br /> exceoded permitted limits will be refunded to Borrower. Lender may choose to make this refund bp reducing the 1 '�
<br /> • principal owed under the Note or by making a direct puyment to Borrower.If a refund reduces principal,the reduction ��-_�
<br /> . � will be treated as a partial prepayment without any prepayment charge under the Notr. f
<br /> ,, 14. Notices.Any notice to Borrower provided for in this Security Instrument shall be gi��en by delivering it or by
<br /> ' mailing it by first class mail untess applicable law requires use ot another method.'I'he notice shall be directed to the
<br /> �, Property Addre.ss or any other address fiorrower designates by notice to I.ender.�ny notice to I.endrr shall be given by �
<br /> first class mail to I.ender's address stated herein or an�•other addre�s I.ender designatrs by noticr to Borrower. Any �. `
<br /> � � notice provided for in this Security Instrument shall t+e deemed to ho��e been given to}3orrower or Ixnder when given � �•
<br /> ., , ss pcovided in this paragraph. �
<br /> , � 1 S. Go�•erninE Law;Severabllity.This Securit}� Instrument shall br go�•ernrd by�fedrral laa�and thr lavv of the '
<br /> �� � jurisdiction in which the Property is located.[n the e��ent that any pro��ision e�r clause of this Scti:urit�•Instrument or the ���•
<br /> ' Uote conflicts with applicable la�v,such conflict shall not affect other proeisions of this Scwurit�•Inst�ument or the[`otr �'���
<br /> t� whieh can he given effect without the conflicting pro��ision. 'I'o this end the pro�•isicros of this Securit�• Instrumant and �� '�
<br /> .�;
<br /> • the Note are declared to be severable. .
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