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<br /> payments may no longer 6e roquir�esl,at tbe opdnn of Lctsder,if mottgsge tnauranoe covernga(in the�unourtt anxi�Ynr tbe per#e�d
<br /> - thnt L.cnder reyuires)pmvided by �n insurcr npprovcd 6y[.endcr ugnin bcoomes avaflabl�e��d fa obtained. }'ion�iwcr shalt pwy
<br /> " '�"�'"°'��"�" tha premfums requirai to n�aintnin cnortgu�c infiurance in effect.or to provide a lass i•eserve,unlil the requir.°anent fo�'IADYt�Ug..
<br /> jnsurance ends In uworMnce wtth any wduen agcecment bsiwctvt Burrower and Lender or ap�licable lnw.
<br /> 9.Inspxttun.l.ender or!t� ugent may make reASanable entriva upon and�nsnectiuns of the Y�soperty.I..orxler shall givo
<br /> Aorrower notice c�t the time of or p�ior to nn ins�ectlpn specitying r¢usonsible causc for the inspectlon.
<br /> 10. Condannatlon. The procads of any awarcl or claim for dam�es.dire�t or oonsequential,in conaec�ion witb�ny
<br /> __ ___ ,�� c�mdcarmation or othcr taking c�f nny p:ut oP the Property.or far umveyuncc in Ilet�of cundtmnndon,are hcrdby ass3gned ar�d
<br /> shall bc paid to l.endcr.
<br /> �n tha event of c�total wking af the Pmpeny.the proceeda shall be nppliod to the Eums rocunod hy this Secudty Instcumant. . _
<br /> whethcr ur nat then due,wtth a►y eaccss paid to Bormwer. [n tha cvcnt af a�art�ui tnking of the Property in whlch tho Eair �
<br />- mutket vAlue of tt�a Property immediutely bofore the tnking is cqunl to ar greater thun the amaurtt uf tha sums lsecurud Iry this
<br />— — Security lnstn�ment immediately before tho taking.unless Harcowcr and[.ctKler aahcrwlra t�gt�o in writln�,the sN�ns secureA by
<br /> �_ _ _ thid Sccurity inytrumcnt Ahult bc rMucal by thc umaunt of thc pracccds multipiied by thc following fractina: (a) �he total
<br /> nmount nf thc sums ticcurcd imm�diately baforc thc taking,dividcoi by !b> tho fair market vaiue uf the Property f�nmodiately
<br /> bcfi►t�e tho tnking. Any halunce st�ull Ix pnid ta Borrawcr. in the event of u purtiul tuking of thr. Property in whlch the fair
<br /> marke,t valu.o nf thc Praper�y immcdintciy Ecfare the wking la tc.ga than the umouat af tho sums cccund immedlutely beforc thc
<br /> - takfng,untess Barrower nnd L cnder�therwtso ngreo in wdting or unless applicublo Inw athcrwise provides.the proceads shail
<br /> = be applicd ta the sums secur�d by chi�Secudty Instrument whether or nat the Kums uro then due.
<br /> -v If the PropcKy iti ubuadoncd by Horrower,or if. nfter noticc by Lender to Borrower thut the oondemnor offer�ta mako cin
<br />__ Awurd or r,ctde n claim for damages, Horro��er fsile to respQnd to[.ender ��r[d►in 30 days after che clnte the notice ia given, ._
<br /> °- I.ender is authorized to rnllest und apply the proceoda.at its optton.either to restomtion or repair of the Propeity or ta the sums
<br /> �»�� secured by this Security lnsqument,whether or rtot then due.
<br /> Unless Lender Artd Borrower otherwises a�rec in writing. any application of pmreeds w.principal shall rtot eatend or
<br /> - posttwne the due date of the mnnthly paymenta referred w in parngrnphs !and 2 or chanse the amouut of such payments.
<br /> 11.Eorro�ver Not Released;Forbearanoe By L.ender Not a Waiver. Hxteneion of the time for paymcnt or modfficadon
<br /> of amonizntion of the sums secured by this Security Insuument granted by Lender w any successor.tn•interest of Borrower shall
<br /> �ot operate to release the liabiliry of the orlginal Bomnwer or Borrower's successora in interest. Lendbr�shaU aot be requit+ed to
<br /> commence proceedinss agaInst any successor in interest or refuxe to extend time for payment or othenvlse madlfy amottizatIon
<br /> - of the sums secured by this Secudry Instrument by reas�n of any demand made by the original Bornower or Borrower's
<br /> suceesso�ra in interest. Aay forbearance by I.ertder in exercising any right or remedy shnll not be a waiver of ar preclude the
<br /> ' : ., _ - • �,sers�ssf any r�ght Qr remedy. . ,
<br /> ' 12. Suecessore and Assigns B�s��: .Dofra4 an�3everal Lia6ility;Co-si�ners. The wvenaate aud�agreements af d�is
<br /> Security Insnument shall bind end henefat t9ie ::accessors and assigns of L.endec and Aamower..subjoct to the provis[ons of
<br /> paragrnph 17. 8oaowea's covenants and agceepments shall be joint and several. Any Borrowar who w-signs this Sacurity
<br /> Instrument but does c�2�xecute the Note: (a)is �w-si�ning this 5ocurtty Insuument oNy to mortgage. grant and convey that
<br /> . �. ill Borrower's interest in e.3e�Property under the teruns off this Securlty instrurrtent;(b)is not peraoaally obligated to puy the sums
<br /> � se�ured by this�ecuri�lnstn�ment;und(c)agmxs that I.ender and any ather Borrower may agree to extend.modify,fo�bear or
<br />° make any acco�mod.:�.ons with regerd to the terms af this Security Instrument or the Note without that Borrower's rnnsent.
<br /> l3.Loan CQfa�zs.If the loan secured by this 5ecur[ty Instrument is subject to u luw which sets maximum loan charges,
<br /> - i;��� and that law is finally�.c.::;rpreted so that the interese or other loan churges collected or to be collected in connection with the
<br /> ,'; �,5�`;:,,:r loan exceed the pertniued limits, then: (a)any such loan charge shall be reduced by the amount nec�.gary to reduce the charge
<br /> • �:�; to the permitted limit;and(b)nny sums already wllected from Barrower which cxcce�ed permItted limits w➢II be refundcd to
<br />• t•`• ,?.��, Borrower. I.ender may choose to ms�ce this refund by reducin6 the pdncipal owed under the Note or by making a direct
<br /> _ Jh��� y�l payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without uny _-
<br /> '�• -f prepayment charge under the Note. -
<br /> s� 14.Nottc�es.Any notice to Bonower pmvided for in this Security Instrument shull be given by delivering it or by rrwiiing =
<br /> " _ ;'��i''�;,,._,:, it by first class mail unless appticabl:luw requires use of su�other mcthod.The notice shall be directed to the Property Addresx
<br /> s
<br /> . '•" �""f`�-%-'� or any ather address Borrower designates by notIce to L.ender. Any notice to I,ender shall be given by first class mail to �
<br /> � �i�`�� i.ender's address stated herein or any other addres.g Lender designates by notice to Borrower. Any nottce provided for in this =
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<br /> Securtry Instrument sh�ll be deemed to have been given m Bonower or Lender when�iven as provided in this paragraph.
<br /> '�:'.�'��f.��'� IS.Governing Law; Scvetability. This Security Instrument shall be govemed by federal law and the luw of the �"
<br /> � "`' '' ' jarisdtction in which the Property is located. In the event that uny pmvision or clause of this Security Instniment or the Note
<br /> ,.
<br /> ��'�h'%-��.��t. conflicts with applicable law, such wnfltct shalt not affect other provisions of this Security Instrument or the Note which can be
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<br /> t�,_'��.��� given effect without the mnflicting provision.Tn this end the provisions of this Socurity Inswment u►d the Note are derlared
<br /> � �'`� '���'�``" to be severable.
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<br /> �"'"""°'"u' 16.Bomower's Copy.Borrower shall be given one confotmed copy af the Note and of this Security Instrument.
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