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<br /> _ .. -._��.J � � 94-io�.s��
<br /> � � p�ymtnts r►ny no IunYer bc roquired,at the option of L.ender, if m�rtgzye insurance coveragc(in thc amount s�nnd for the pericxl
<br /> that Lender requires)provided by w►insurer npproved by Lender again bocomes xvxilablc+�nd is obtYincd. Borrower shall pwy
<br /> the prcmiums requirod to m�int�in mortgaQe imurAncc in effect,or to providc r luss reserve, until thc requirement for nwrt�e
<br /> incurancc ends in uccordance with any written w�rcemont lxtween Borrower and Lender or applicablc law.
<br /> 9. [tty�ectioo. Lender or its agcnt rr�ay malce rwsanable cntries upon And inspections of the Property. I.cnder ciwll�ive
<br /> Horrowe�notice at thetime of or prlar ta wi inspution specifyin�reuonable cAUSe for ihe inspection.
<br /> - --- --"'� 10. Condemruitfon. Thc pracer,ds of any award or cluim furdamages, direct or consequentiut, In conncetian with any ___
<br /> condcmrwtion or othcr taking of uiy part of'the Proporty.or for ranveyunce in lieu af condemnatian.arc hereby sisssignecl and
<br /> � shall hc�paid to L.ender. _._
<br /> - � In the event of a tatul taking of the PropeRy,the procceds shall be applial to the sums secured by this Security lnstrument.
<br /> � whether or not then due, with any excess paid ta Borrower. In the event of a purtial tuking of the Prape�ty in which the fair
<br /> — market valuc of the Propeny immodlately bcforc the tuking is equul to a�grcuter than the amount ot the sums secured by this _ f
<br /> --- Secut3ty Instrutnent immediatcly before the tuking.unless Bonower and lxnder othcrwise agree in wrlting, thc sutns secured by
<br /> ---_= this Security Instrument shall be reduco� by the amount of the prc►ceeds multiplied b,y the following frxtion: (a) the rotal _
<br /> r� - -- - — -_�=-� umount of the sums secured immediatcly before the tnking, divided by(b) the fuir markct vulue of thc Property immediatcly
<br /> � before tha tuki�g. Any balance shall be paid to Borrower. In the cvent af a partial taking of the Propeny in which the fair
<br /> �`` "`�� � market value of the Property immediatcly beforc the taking is less than thc amaunt of the sums sccured immediatcly befare the
<br /> �t„�.�„ic��'� taking. unless Borrawer and Lcnder othcrwisc ugrec in writing ar unless applicable law otherwise provides.the praceecls shall
<br /> - .. � ��:+:;�,r -- be applied to the sums secured by this Sccurity Intitrument whethcr or not the sums are then due. _
<br /> �y�+�'!`�"y If the Praperty is nbandoncAi by Borrower,ar if,atter notice by L.ender to Bnrrowcr that th�condemnor offers to makc an
<br /> '( �..yi"�,.��.1i -_'-
<br /> ••� � �~� ,. uward or scttle a claim for damuges, Borrower fails to rr.spond ta I.ender within 30 days nfter the date the notice is given. _
<br /> -� -�, ,••. .. . . .,.
<br /> �� • �;� Len�ler i+authorized to catiect and�pply the pr�x:eeds,ut!ts optiun,either to restoration or repair af the Property ar ta the�ums �_
<br /> . secured by thiti Security :nstrument,whether ar not thcn duc. �'�^
<br /> " Unless Lender and Honower otherwise ugree in writing, any application af proceeds to principal shall not extend or --
<br /> ' postponc thc Jue dnte of the monthly paymcnts refcrrcd to in paraFraphti I und 2 or changc thc amount of such p•ryments. _
<br /> - � ' ' - . I1.Borrower Not Rcicascd; ForbearAnce By I.ender Not a Waiver. Extcnsion of the timc for payment or modificntion --
<br /> • of amortization of the sums secureci by this Securiry Imtrument grunied by L.ender to :�ny successor in interest of Horrower shall —
<br /> ' not oper�te to release the liability of thc originul 8ormwcr or &irrower'x�uccesrors in intcrr�t. Lendcr�hull not be requircd to
<br /> :�,.. :. .. ��•r�,�3 commcnce pc�xecdings aguinst uny successor in interest or rcfusc tu cxtcnd time f'or payment or otherwise mcxiify amortization ��`
<br /> , of the sums secured by this Securiry (n,trument by re:��on of uny dcmund mudc by thr nriginul Bor�uwer ur Borrowcr's
<br /> . . . successors in interest.Any forbea�ance by Lrndcr in exercising uny eight ar remcdy nhall not be a waiver�f or precludc the _
<br /> , : • exerci+e of any right or-remedy.
<br /> - --=- -- 12. Succ�:•:nt's an�! :�sslgn.4 Bonnd; d�int ,+nd ticveral I.ipbility: Casigners. Thc covcnant+ and uFrcementti of thiti
<br /> Security ln+trument shall binJ und benetit the �uccc,yor. and u��igm of I.ender und Borrower, tiubject to the provitiic�ns uf
<br /> , puragraph 17. Bormwer'x covenants und ugreements shall lx juint and ,everat. Any &�rrower whu co-,igns this Securiry __
<br /> � ln.trumcnt but d�x�s not exccutc thc Nutc: �•r) iti c��-+igning thi� Sccurity Instrument only to murtgage, grant uud wnvey that =_
<br /> ' &►rruwcr's intcrest in the Pmperty undcr thr term+ut thiti Scrurity Instrument: (h1 iti nut pertiunally ohligatcJ to pay thc.rum, F
<br /> .ecurcd by this Sccurity Instrurucnt:and(r1 agrce.that Lrndcr and any uthcr porr��wer may ugrcr to cxtcnd,modify,fcirbcar or F .,
<br /> .� make any acrunmiociations with rc�ard to the tcrmti of thi.Scrurity Imtrument or thc N�Hr withuut that Borruwrr's rimsent. �
<br /> � 13. I.�an CMarges. It'the I��un srcured Ny thi+Security Intitrumrnt i�subject t��u law which,etti muximum loan charges, �
<br /> r� � und thut law iti tinally interprcted +o that the imeretit ur uthrr luan charge+ cullerted or tu tx c�illretrd in ronnertion with thc --
<br /> �`F loun exceed the permiued limitti.then: lal any tiucl� I��an rhargc�hall he rcduccd hy thr amuunt nccetisury to reduce thc rhargc �' .':
<br /> 'l'� t<r thc pcmiittcJ limit:snc!(H)any �utn+•rlrcaJy cullerteci frnm B�+rn��ver whi�•h�•r�•�•�drd �x•rmittcd limitti will he refundeJ to �f
<br /> ; ' Bnrrowcr. L.cndcr nuy cha�sc tu makr thi� rrt'unJ by resurin� thr prinripal �iwed unJcr thc Nutc or by making a Jircrt
<br /> ,� ment to Bnrr��wcr. If a refund rrdures principal, thc reduction will tx trcated v. a purtiul prepaymcnt without any
<br /> ' . P'Y �,�?:
<br /> . prep:+ynunt ct�argc unJcr thc Not�. ^'``'
<br /> -• 14.Notic�w.Any noticr tu Rorr��w•cr prc��•idcd li�r in thiti Scrurity Imtrument tihall hc givcn hy dclivrring it��r by mailing
<br /> " ' it hy fint clas+mmil unlc,�applicablr law reyuire�u+c of an��ther ni�thc�J. Tlir nnticc+hall Ix dirrrtcJ tu the Pmprrty AdJretiti
<br /> or am• �nhcr aJdre��Borrower dc,ignatrti h� nutirr G� Lcndcr. Any notirr tu LcnJcr ,hall br �ivcn by tir,t clatiti mail to
<br /> Lendcr',udJress +tc�tcd hcrcin ur.iny othrr aJdre,� Lcnder dc.ign•rir� by n�nirr lu Bnrru���rr. Any nuticc providrJ tiir in this
<br /> ., Serurit� In�trum�nt shal l hc decmcd tu ha�•e hecn gi�•en t�i BurroN cr ur I.rnJrr w•lirn �i�en:��pro�•ided in thi�paragraph.
<br /> � 15.Gnvernin� I.ua•: �a�•crubilit�. Thi. Scrurit� Imtrununt .hall Ix �:u���rnrd hy tcJcral law and thc law ufthc <
<br /> � � �. � juriui�rtion in a•hich ihr Pro}krty i+ loratrd. In thr�rrnt th.0 any pruvi�i�,n ur�lautir uf thi, Srrurity In>trumrnt ur dic Nutr
<br /> r�� ' ' j ronflirtti with applirabl�lau•. �uch cuntlirt.hall nut allcrt othcr pru�•itiiun.ul thi,Srrurit� In,truro�nt ur thc Nut�Hhirh�an he '
<br /> �; . � given rffect withi�ut�he cuntlirtin� pru��itiiun. To thi,rnJ thr pre�ei.i��m uf thi,Securit�• In.trununt anJ the Nuto ure Jrcland �
<br /> .� i tct ltc x�•rrahle. �
<br /> � �` •. 1 � l6.Borma•er's('up�•. Burru�vcr�hall tk givcn anc runtimn�dr��p�•uf the Nutc and ul thi.Sccurity ln.trununt.
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