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<br /> paymenu moy ra lon�cr be rcyuirod,xt the aption of I.en�kr. if mort���e incurxnce cover�e(in��niount r�nd for the parlod
<br /> thu l.ender requires)provWai by ar►i�u►urc��pproved by Itnder a��in besomef�vxitpbie and ic ubtrjned. BurrUwrr�Fwll p�y
<br /> the pr+emlums roquirod to maintaln mort��ge 1nwcAnoe in effxt,or to provide w locs reRerve,untii tt�r+e�uiament for mort�e
<br /> inwranoe endc in�ccardance with any wriuen�rameot betwan&rrrower w�d L.cncfer or oppllcable IKw.
<br /> 9.Inpectlw►.Lcnder or it►�cnt may m�ke ruuon�i+lr entriex upon w�d incpectionc of the Property.Lender�lull �ive
<br /> - - -� Borrawer notice�t the time uf or prior to rn inspa;tfnn�pocifyina reusrnwble cyuse for thc inspection.
<br /> 10. Condemnatlon.7'he pnx:oeds of Qny awAt+d ar claim for danu�gex,Jircet o� cansequentinl. in wnncxtion wlth my
<br /> _ — condenuwtion ar other wkin�of Yny part af the Property. or fur convcyancc in lieu af rundcmnatlon, arc hcrcby acyi�ned�nd
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<br /> --- -- - �twll be paid to Lender. —
<br /> � in the event of a towl taking of the Property.the proceads shall be uppNod tc�the sumx secured by this Security lnstrument.
<br /> -- —.----•-__= whether or ru�t then duc. with�ny cxcess paid to Borrower. ln the event of u partial wking of the Property in which d�e fair
<br /> ����� muket vAlue of the Property immediutely before the taking is cquul to or grea►ter thun the amount of tho sums sxured by this
<br /> ,.:��a,,,�Y� Security Instcument immediatcly beforc tlu taking,unicss Borcower and l.cndcr�thenvise agrec in wrlting, thc sums sxurod by
<br /> _ -__--'� tMa Securiry Instrument shall be rcduced by the amount of the proceeds multiplied by the following fraction: (a)the total
<br /> � ' - -�j� amount of the sums secured immediately before the tnking,dividcd by (b) ihe fnir market vulue of the Property immediately -
<br /> - befor�the taking. Any balance shall be paid ta Botrower.In the event of a partiel taking af the Property in which the fair
<br /> '� market value of the Property immecliately befom the takin�is Iess than the nnaunt of the sums secured immodiately before the
<br /> --,��'-�'.;'-3�— taking.unless Borrower and Lender otherwise agree in writins or unless applicable law otherwise provides,the proceeds shall
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<br /> -�'�"""'''=� '" be applicd to the sums secured by this Security Instrument whether or not the sums ore then due.
<br /> "`,' , a''��'"`. '` If the Property is aband�ned by Bonower,or if,after notice by L.ender to Borruwer that the condemnor offers to make an
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<br /> .���:• .''• • �' - award or setde a claim for damages, Boaower fails to respond to Lender within 30 days after the date the notice is given. ��
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<br /> . • ' C.ender is authorized to collect and apply the prciceeds,at its option,either to restoration or repair of the Property or to thc sums
<br /> . ���F,'�y!�' �� '- ^,r'-� �red by this Securiry instrument.whether or not then due.
<br /> '• �" � � Unless Lender and Borrower otherwise agree in writing, any application of proceccls ta principal shall not extend or
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<br /> :'...,�:.:•,; � , postpone the due date af the monthly payments�eferred to in paragraphs 1 and 2 or change the amount of such payments. -
<br /> � • '`'� ' ll,Borrower Not Released; For6earance By[,ender Not a Wuiver. Extension of the time for payment or modi�cutian
<br /> ' • �. .r� - �= �� of amortizatian of the surns secured by this Security Instrument granted by L.ender to any successor in interest of Borrower stwll
<br /> - ; ,�',!�;,.:•;� not operate to release the liability of the original Bonower or Borrower's successors in interest. I.ender shatl not be required to .�.�
<br /> commence procecdings ugainst any successor in interest or refuse to extend time fur payment or�therwise modify Amortizcition
<br /> ' ,,,a,.,_,?µy,,}. o�'the sums secured by this Security Instrument by reason of any demand made by the orisira�l BoROwer or &irrower's
<br /> �•� r � �•� successors in interest. P.ny forbearnnce by L.ender in exercising any ribht or remedy shall not br a waiver of or preclude the
<br /> � fY��,::,ti°;:' exerc�scof anv riAht or remudv.
<br /> �`'T •�` " '� ' 11. Successara wnd ActiiRns Bound; Joint ond Several i.iAbllity; CasiRners. The coven•rnts orxi ugreements uf this
<br /> �- , Scxurity Instrument shall binci and henefit the succetiwrs and a+signx uf Lender und &xruwer, whject to the provisionx of
<br /> para�raph I7. &rr�owcr's rnvcrwnts und agn:cments ,hall tx joint •rnd scvcral. Any Bor�owcr whu co-signs this Sccurity -
<br /> � In�trument but daes�u�t ezcrute the Notc: (3) iti co-tiigning this Security Imtrumcnt only tu mortg•rgc,grrnt urul convcy thut ���
<br /> Barrowcr'x interest in thr Pm�x:rty undcr thc tcrms uf this Security Instrumenr, (b)iti not perumally obligated tn pay the sumti �.-
<br /> • � , s�xur��d by this Sccurity Instrumcnt:and tc)ugrces that L.cndcr and;�ny othcr Borrowcr may ugrcc ro cxtcnd.modify, forbcar or 6��'
<br /> _ °-��° - � � make any accommodatiorn with regard to the termc of this Securiry Instrument or the Note without thut Borrower's consent,
<br /> - 13.I.oan Ch�rges. If the loan secumd by this Security Instrument i�subject to a law which tietti maximum loan charges. __
<br /> � , , and that law is finally interpretcd zn that the intcrcxt or othcr loan churges collerted or to be coUectod in connection with the
<br /> -�:T loan exceed the permitted limitx,then: (a>any+uch loan charge tihall be reduced by the umount necessary to reduce the charge �_�
<br /> ,�` to the permitted limir,and(b)any sumti already collected fmm Borrower which exceeded permitted limits will be retunded to
<br /> Borrowcr. Lender may chcx>se to m:ikc this rcfund by reducing thc principal owed undcr the Notc ar by making a direct ��
<br /> payment to Borrowcr. If a refund reduccs prinripal, the rcduction will be treated as u pnrtial prcpayment without eny -
<br /> prepayment charge under the Notc. `
<br /> ; ; 14.Notices. Any notice to Borrowcr pmvided f�r in this Sccuriry Instrument shall he given by drlivering it or by mailing =�--
<br /> it by first class mail unless applicable law requires use oF unother methcxl.The notire shall be Jirected to the Property Address �_
<br /> or any other addretis B�rrower dctiignate� hy notice to Lender. Any notire to LcnJer ,hall he given by first class n�uil to I'
<br /> Lcnde�s address statcd herein or any c�thcr xJdre,s Lender Jeyignates by notire to Borrowcr. Any notice provided for in this ;: �
<br /> • . , Security In�trument shall bc dcemcd to huve bcen givcn to Borruwer or I.cnder whcn givcn a.pru�•idrd in thix p�ragraph. �'=
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<br /> 15.Governln� Law; Severubility. Thi, Securiry Inserument �hall tx gu��crncd by fcdrral law anci the law of the �
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<br /> . • jurisdiction in whirh the Propeny i,l�xated. In the event that any pruvisi��n or rlause of this Security Instrument or the Note
<br /> _ '� confiicts with applirablc law,such ranflict shall nut aftcrt uthrr provi�iom of thi�Scrurity[ntitrununt or thc Notc which can be
<br /> _ ' given effect without the contlicting pruvision. Tu thi.end thc provisionz nf thiti Security Instrument�nd the Note are declarcd -
<br /> ` to be sevcrable.
<br />��.� : � 16.Borrower's Copy. &�rrower shall be given�mc ronfiirm��d copy of the Notc and of thi�Sccurity Instroment.
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