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<br /> °-- m�r����- pay�ncius muy na ionger be�requir�d.at th�optian of Lender,iP mortgaga insurance coverege(in th3 amount and for tho per}od
<br /> �.,��,�...,..�, that Lender requirex)pmvided by an insurar agprovcd by Lender egain beoomes ayailablo anA ie abiadned,?iorrower sh�ll pay
<br /> -- -- - eha promiums c�equired to meintuin mortgage insurnn�e i»effect.or to provide a t�sa rcse3ve.until the roqairement for mortgegA
<br /> _��:::�;s.:�=;:;:{=.:,;�� insurnnce ends in acoorAance with any writte»agrauaent between Bormwer end Lender o�apy�lic�sble law. -
<br /> �_,��;�';;::=. •:,�i` 9.Inspection.Lendcr or i�s agent may make seasc►nat�le entrfes upon anJ lnspections of tho Propertyr. 1RS�er sh�ll glve ...
<br /> ,`.:'� :;' ` '"`p Botrower nottx at the Nma of or pi�tor to on inspoction specif�ing ceusc►nable cnu�for the inspectIon.
<br /> � � 10.Condemnation. The proceeds af any award or clalm for dumnges. dlract or conseyuentiW,in conrtecdon wists tu�y � --
<br /> ,-`��~�''""'�"~•,,�, condemnation or other taking of nny part of the Property.or for conveyance in licu of coademnation.are hereby sssigned end
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<br /> __ shall be paid to I.ender. L- -__---_ -_ _-
<br /> _, In the event af a total taking of the Property.the praceeds aball be epptied to the sums secured by this SecurIty Instcument,
<br /> � ' � � whether or noi then due, with any excess paid to 8orrowee. ir�tita c�e�u of a par'.sai taklr�g uP the r'rog�rty in which the fuir --
<br /> :.- �...:==- —� --
<br /> • market valuo of the Property immediately before the taking is equal to or g�acer than the r�nount of the sums secu�ed by t6is �,:;:Y:-
<br /> •, - Secudty Instrument immediately befare the taking,tuiless Bortower aad Leader otherwise ugree in writing.the swps secu�ed by �R=,�.;,,�,�;�._
<br /> this Securlty Insnument shall be reduced by the amount of the pmceeds multipGed by the followiag fraction: (a) the towl �eus;:���=__i-_
<br /> . amount of the sums secured Immediately before the takjng.divided by(b)the fair market value of ihe Pcoperty immediately ���_�==-_ .
<br /> ��, • ,+:: :. . ,
<br /> befoie the taking. Aay batance shall be paid to Borrower. In the event of a partial taking of the Prop$rty in wh}cb d�e fair =---:__-
<br /> ',R;••• . • c. :: market value of the Property immedIately before the taktng is less than the amount of the swns s�acuned imme�diazely f=e�tr.e die -�a��-=��1�-;,------
<br /> t c ;� � , taking. unless Borrower and Lender otherwise agrte in wrlting or unless applicable law uttn�n+is�provid,es,the procvods sltall ���„�Y,,-
<br /> �Er "''�• :�' be applied to the sums s�ecwred by this Sonarity inswment whether or not the sums are tlren d.ue. � �~,�°°�°
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<br /> " �`':� If the Property is abandoned by$+oc�v�er,oc if,after notice by Lertder tv Iioz�.vv,er tUaz ch�e coacte�or offers to make sn '-_�
<br /> ''�?� � � award or settle a claim for damages, 13arzvv�ee faits to rESpond to Leader w� 34 d�ys a13er the date the notice is given. :=z+-==-
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<br /> • - Lender is anthorizec!to collcct and�pl f�e proc,eeds,at iu optian.either to n�stoz3,tiun or re�ir of the Pmperty or to the sums - - --
<br /> � ,;;;;;�:. • secured by this Security Insnvment,whether or not then due. "-!�a'
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<br /> , Unless I.ender and Borrower otherwisc agree in writing.any applicativu of p�s to prindpal shall not e�ctend ar
<br /> st ne the due date of the monthl a menu referred to in ara hs 1 and 2 or chan e the amount of such nts. ��===''-��"
<br /> _, � F� P� Y P Y P S*aP 8 PaY� I�T..�:---
<br /> . I1.Borrower Not Released;Fnrbesrance By Lender Not a Waiver.Extansion of the time for payment or modificatioa ,
<br /> " . of amortization of the sums secure�by this Secarity I�strument granted by Lender Ya any sucxessor in interest of Borrower shall ��
<br /> �� , not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to ,___
<br /> +;•.t,'': commence proccedings against any successor in interest or refuse to extend time for payment or othei aise madify amortizatlon
<br /> af the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's �.�
<br /> � succ,�ssors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the - -
<br /> ,..;:;`r�.;:;,.:.,�, � exercise of any right or remedy. �----
<br /> _:: .,, .s'� !3. su�ssu�s snt! !lssigs►.S 1�4►�n�1; Jofnt and �ve�► I.i�Q►ility'y CQ`S�gRP1'S: TI1P (`AVCP?flfC'd,R�Ro�I11P11IC flf�I1�� ---
<br /> ' � •�`� Security Instrument shall bind and benefit the successors and assigns of L.ender and Borrower, subjeci to the provisions of "-y�,,,��-
<br /> + paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who casigns this Security �.Y:�li°�
<br /> ' Instrument but dces nat execute the Note: (a) is rn-signing this Securiry Iastrument only to mortgage, grant and convey that 'j�;;=:=�""'
<br /> '�� �� Borrower's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums -��`":=_
<br /> secured by this Security Instrument;and tc)agrees that Lender and any other Barrower may agree to eatend,modify.forbear or �_--
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<br /> ' make any accommodations with regarci to the terms of this Securiry Instrument or the Note without that Borrower's oonsent. �%�,�_
<br /> ,. 13.I.atn Churges. If the loan secured by this Security instrument is subject to a iaw which sets maximum loan charges, •
<br /> and that law is fnally interpreted so that the interest or other loan charges collected or to be collecte�in connection with the -_-
<br /> , loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge ,�..�`
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<br /> � ,;:! , to the permitted limit;and(b)any sums already wltected from Bormwer which exceeded permitted limitswiU be t+efunded to „ '>�:�:•�s%!�"
<br /> • , � Borrower. Lender may choose to muke this refund by reducing the principal owai under the Note or by making a direct •'•'����`-•
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<br /> , payment to Bonower. If a refund reduces principal, the reductiiin will be treated as a partial prepayment without any �� --%--,,��.
<br /> . prepayment charge under Ehe Note. ' '�°`'�'
<br /> 14.Natiees. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires u�e iif another nmthcxl. The notice ahxll be directed to the Property Address .(f;;iry '
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<br /> or any other address Borrou�er designate. by notice to Lender. Any notice to Lender shall be given by first class mait to .,.,.;., ,,
<br /> . I.ender'c uddresc stated herein or any uther addreti� Lendrr de�ignateti by noticc to Borroa•er. Any notice provided for in this "n';'`
<br /> Security Instrument sh:�ll bc decmeil to hare been given to&�rroucr ar Lender when givcn as pmvided in this paragraph.
<br /> I5.Coverning Law; Severab[lity. Thiti Sccurity In,trument shsll bc govemed by federal law and the !aw of the "
<br /> � jurisdiction in w�hich the Property is located. In the event that any pro�•itiiun or clause of thiti Securit�•Inswment ar the Note �.��,
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<br /> cont]icts w�ei�applicable law,such contlirt shall not uff��t other pro�•i,icmti of thi�Srcurit� lnstrument or the Note which can be
<br /> given effect without the conflicting pru�i�iun. Tu thi.end the pru�i�iun.of thi�Securit� In>rrament and the Note ar�d�cEareci `"'��
<br /> ' �`%' to bc se��erable.
<br /> 16.B�rPn�►e�v s Q'��3.Borroa•er�hall t+e gi�cn onc ronfi�rmed ri,p� .}f t':e`.�:e and of thi.Serurit�• Instrument. ��c:• '
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