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<br /> pay�ncnta�nay no tongcr lu requicM,at thc apitun of Lcnder.if mortgnge insurnncc coveruge(in the a�nouqt uml far tt�s paximd _
<br /> ,._ __ tltat I.enAer requires)pr�vid;,it by ii►i h��.ureP npproved by l.�nder ngnin hecomcw avnNable n�td iw ohiaincct, Ronowe!r sh.�1L pay
<br /> ---- the prcmiun�s required tu malnQ�in martgagc insurunce in effecl,ur t�pr.zvide n l�►.r•s rescrve,until�hc rcipiirement far rnQrt�y�Wo
<br /> -- insurunco cnds in uccardanca wlth uny wduet�ugree►nent�ciwcen sorrawcr and I..citder u�appliu+b[o luw.
<br /> 9.inspectlon.Lcnder ar itF ugent may mnkc reus�nablc cntrlcs upun imJ inspections uf the Pru�xrty.I611dt`7'SILtU�,"IV8
<br /> 8nrrower noticx at the time of ar priar to an inspectlon�pecifying reastmuble cause for the inspection.
<br /> 10.Cortdemnatton.'fhc pracoods of any uwanf ar claim For dwnugew,dircct ar runscyucntial,,in cannertian� withlnny _
<br /> -�_ - _--_� w�xleuuwtio�i ur oAler tuking uf uny part uf tbc Pra�city,ar for convcyancc in licu of�bndemn;+tinn,.nre hereby nstiigix�ri nnd
<br /> shatl be paid to Lcnder.
<br /> � in the event of u total tnking af thc Property.tAC t7PO�CCI�S SIIqII BC UppKCIJ t0 lI1C KUfltti SCL'UfLKJ Ify•lF1Ig SCCUCj[y II49ttUiTle'.IIl,
<br />_ whether or not then duc.with any excesY paid to Borrowcr. In the evcnt of u partiu! taking of the�'roperty in which thm falr
<br />_- market vatue of the Property immediotely befiore the taking ig cqual to nr grcater thw�the wnaunt of tha sums secur�J 6)�this
<br /> Secur�ty Instrurnent immediutely before the tnking.unless Borrawer ond Lender atherwise ugree in w�ting. the sums secuttni by
<br /> - �------------°� ti�is S�curity Insirument shnfi be reduccd by the amount of the proceed.g multiQlied by the follo��inQ fr�etion: (al tbt�tatul
<br /> -- amount of the sums securecl immedintely befom the taking. divided by (b)the fuir market vulue uf th�t Praperty imm�ediutoly �
<br />�K:r— before the teldng. My balance sh�ll be paid to Borrower. In the event of a partInl tuking af the Propetty in whtsh tha fair —
<br /> ,�3 mnrket value of the Property immediately before the taking is less than the rnnaunt of tho sums secured;mmedintely� befcrrc the -
<br /> tuking. unless Borrower and Lender otherwlse ngree in writing or unless uppltcable law atherwise provides,the pmL�de�shall
<br /> be applied to the sums secured by this Securtty Instcument whether or not the sums are then due. _•_
<br /> If ihe Property is abandoned by Borrower,ar if, uEter notire by l.ender to Botmwer thut the cc�ndcmnor offers ta mnke un
<br />� award or senle a claim for damages, Borrower fai�s to respond to I.ertder within 30 duys after ttia date thc n4dic�: is,�iven, =-
<br /> Lender is authorized to coltect and apply the pmceeds. at its cption,either to restomtion ar repai�oi che Property or ta thn sums -`�-
<br /> secured by this Security Insnument.whether ar not then due. --�°�
<br />� Unless[�n.der and Borrower otherwise ag[ee in writing. any applicatian of prorePCls to princtpal shall not extand or ���'
<br /> ; postpone the due date of the rreonthly payments referred to in parngraphs 1 and 2 or change the umaunt af such paymenu. -fi=_
<br /> ''�;; 11.Borrower Not Released;Forbearance By i.ender Noi a Waivea Extension uf the tima for paymcnt ar mc�siilicatian ��'y_�_
<br /> �����••� 'of amortization of the sums secuc+ed by this Security Tnstrument grunted by Lender to any successor in interest af BarmKcer shull
<br /> � not aperate to release the liabiliry of the ori�iaal Borrower or Borrower's suviceswrs in interest.I.,r.nder shall not be requited to �'�
<br /> commence procee�iings agatnst any succe.ssor in interest or refuse to extend time for payment or�thorwjse modify+urun�titation „,;.
<br /> �� � � of the sums secured by this Security [nst►vment by reason uf any demand made by the ariginal Bormwer or Bnrcower s •��'�
<br />_ � successats in interest. Any forbeacan�.e by Lender in exerrising any right or remedy shap not b�s a wniver of ot prectude the ' A��
<br /> exercise of uny dght or nmedy. ��
<br /> ^`'. 12. Suocessors and Asstgns Bound; Joint and Severel Uability; Co-si�ners. The covenunts und ag�emea�t�.of this :F=�
<br />`'..`;�; Security Instcnment shall bind and benefit the successors and assig�s of I.ender nnd Borrowcr, subject to th� prm��aians of ����-a
<br /> .�_.,
<br /> paragraph 17. B�rrower's covenants and agrcements shall be joint and severul. Any Burrower who co-signs this.Securjty ;:��::
<br /> Insttument but does not execute the Note: (a) is rn-signing this Security instrument only to martgage,grant und c4nvey that '
<br /> •u:� ,,.
<br /> �%= Borrower's incerest in the Property under the ternu of this Securiry Instrument; (b)is not persvnuUy obligateci to pay►he sums
<br /> secured by this Security Instrument:and(c)agrees that Lender und any other Borrower may ugne to extend,m�ify. forbear or
<br /> .'+ make any acconunadations with rzgard to the terms of this Security Instrument or the Note without that Aurmwer's c�nscnt.
<br />'" 13.Loaa(�hsrges.If the loan secured by this Security Insuument is subject ta a luw which sets maximum Inaxi churges, ,
<br />- and that luw is finally interpreted so that the interest or other loan charges collected or to be�coUexted in conm°ction wfth the
<br />�y loan exceed the permitted limits,then: (a)any such loan ch:�rge shall be reduced by the:unount necessary to reducr the churge
<br /> '�" to the permitted limit;and(b)any sums already cotlected from Bonower which excceded pannitted limits will be rc�funded to .
<br /> Borrower. I.ender may choose to make this refund by ralucing the princip�l owed under the Note or by making a dtrect
<br />�'��� payment to Borrawer. If a refund reduces principal, the reduction wilt be trcutcd a� a p:uticil prepaymcnt w°ithaut any
<br /> ,
<br /> prepayment charge under the Note.
<br /> �� 14.Notices.Any notice to�orrower pmvided for in this Security[nstrument shall be�iven by delivering it ar t�y mailing
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<br /> • 4. �'.. ', it by first cless mail unless appiieable law mquires use of another method. The notice shull l�o dirccted to the Prn�Ty Address
<br /> ��'F f+;�F or an other ad.dress Borrower desi ates b notice to Lender. An notice to t.xnder shWl be: given by first c{aus mail to �
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<br />:�.�.; u�;:tn^+� Lender's address stated herein or any other address Lender designates by notice to eurrow.:r. Any notice pravidec# for in chis
<br /> � `�='�-� Securi Instrument shall be deemed to have been rven to Borrower or Lender when iven as rovidcd In this ato i h '
<br />._'�i�' -•v,.Y ty 8 S p P" 8�P •
<br /> _•; '�� 1S.Goveraing Law; Severability. This Securiry Instrument shall bc �ovemed by federul law und tta:• Iaw of the
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<br /> �'°�'Y"�i';� jurisd�etion in which the Property is locuted. In the event that any provision or clause of chis Security Instrum¢rs:nr the Note
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<br /> �r• conflicts with applicable law. such conflict sh�ll not affect other prnvisions of this Security tnstrument or the Not¢►�tihich can be
<br /> �� � given effect without the wnflicting provision.To this end the pmvisians of this Security Inst�ument and the Note are derlared
<br /> �� :`''''" to be severable.
<br /> � r ` `"�u�' 16.8omower's Copy.Borrower sUall be given one confortned copy of the Note and of this Scwrity Instcumfnt. •
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