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<br /> payrncrtts may no longer be required.at tho option of I.endcr.if mortgege lasurnnoe coverage(tn tho nmount end Por t pCrlod
<br /> -�,�.-,-,�-��,� that i.endar rcAuirc3)pmv[ded by an insurer approvcd by Lend�r aguin becomes uvniluble artd is obtnined. Iinrtower ehnll pay
<br /> '- —_--_ tho prcmiums requim,ct to muintnln moctgage insurance in effcct,or to provtde n loss reserve.urttil tho ncquir�ement far mortgagc
<br /> �� fnsurn�ux ends in uccordance with any wdtten ogceement bc:t�ucen Horrawer nnd I.ender or appticublo Inw. -
<br /> � 9.Ittapection. I.e�der or ita agent may malco reuson3bio�ntrlcs up�n and inspecdons of ths Property.I ender shall give _
<br /> Harmwcr notico nt the dme of or prior to an lnspection epecifj�ing e+easonuble cnuse far the lnspecdon. �
<br /> 10.Contlemnatton.The procesds af uny nwurd or clnim for ds+mmages.diact or rnnsoquentiul. in cann�ctlon with any
<br /> -- ----- -� a�rtciemnntion or nther eaking of eny pnrt af the Property, or for convcyance in Heu of condemnattan. nro hereby ussignod und
<br /> � � – shaA be puid to Lender.
<br /> "° In the event af u totul taking of the Property.the pracee�la ehall be opplied to the sums securod by this Secudry Instrument�
<br />�:,�� whelhor or aot then due. with any eacess paid to Borrower. [n she event of u pi+rtiul tol:ing af the Property in which the fair
<br /> -'' awrket velue of the Property iuuc�edintely before the tisking is equal to or greuter thun the umount of the�;ums secuced by thia
<br />'��� Security Inam►ment immediately before the taWag.unless Borro�ver and Lender otherwise ogres in wdting, the sams secured by
<br />-= this Secudty Instn�ment shall be reduced by the araount of the pmceeda multiplied by the follawing fruction: (a)the total __
<br /> °�; amount of the sums secured immediately before the taking. divided by(b) the fuir murket vulue af the Property imrtzediutely
<br /> j before the taki��. Aay bulsince shall be paid to Borcower. In the event of o partial cnking of the Praperty in which the f�ir _
<br /> market value of the Property itnmediately before the takittg is less than the amount of the sums secured immediately before the __
<br /> taking. unless Borrower artd L,ender otherwise agre�In writiag or unless v.ppllcuble lnw otherwise pmvides.the proseeda shuN �,_,_
<br /> be applled w the sums secured by this Serurity Insaument whether or not che sums are then due.
<br />. If the Property is nbandoned by Borrower.or if. stfter notice by L.ender to Bort+ower thnt the candemnor offera to malc�An
<br /> � award ar settie a ctaim for damages. Borc�wer fails to respond to L.ender wiihin 30 driys after the date the siodre is given. �„r.;::
<br /> R�;��i, Lender Is suthorized ta collect aad apply the proceeda.at iu optioa.etther to restoratlon or repair of the Property or to the sums �±'_
<br /> °i�" .�. secured by thjs Secutlty Insuument,whether or not then due. �p '•:�.
<br /> � '"'°`'��' Unless I.ender and Borrower otherwise agree in writing. any application of procceds to principal shall not extend or _
<br /> 4,_::_•
<br /> <--.. postpone the due dnte of the monthly payments refemed to in paragraphs t and 2 or change the amount of such payments. -�.
<br /> ,,..�,:.,.,.
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<br /> 11.Borrower Not Released;For6earance By Lender Not e Weiver. Extension of the time for payment ur modificatjon
<br /> ' of amortiTation of the sums secured by this Security Instnrment granted by I.ender to any successor in interest of Borrower shall �:�r
<br /> �;..;�',,.`.:, not operate to release die lisbility of the odginal Borrower or Bornower's successors in interest. Lertder shWl not be required to �:��.��
<br /> ,�;, comarence pmoeadings aguinst any successor in jnterest or refase to extend time for payment or otherwise modify amortiration
<br /> �; �
<br /> ��,`�� ��'�;,., of the sums secured by this Security instrument by reasan of any demaad made by the original Borrower or Borrower's "`a'
<br /> � ,:.*r '�a�.�"�';t'' successo�s in interest. M farbearance b I.ender in exerclsin any ri�ht or remed shall nat be a waiver of or reclude the .�':
<br /> � a �'�.c,ia � _ Y � Y g Y P �;•;=
<br /> �s�5�s,R�,yq��' exerciee uf any rigui u:�zwouy.
<br /> �� _+�t'� - -�v�=� 12. Suocessors and Asslgns Bouad; Joint and Several LlabiUty; Co-signera. Tbe covenanu aad agreements of this ��,
<br /> ��:'��, ����
<br /> , L�,�- � Secudty Insuument shall bind and benefit the suocessors and ussigns of L,eader and Borrower, subject to the provisions of
<br /> •� ��Z+�� 1.��::.
<br />- .t; �,o���s•: parag�aph 17. Borrower's covenanu and agreements shall be joint and several. Any Borrower who co-signs this Sacurity �:
<br />- �,_ �•'1r�'��:"��1%"�' `` '-
<br />, � , �.•, Insmiment but does not execute the Note: (a) is co-signing this Securtty Insaument only to mortgage. grant and convey that
<br /> ��%" �+s.ti�F��° Borrower's interest in the Property under the terms of this Serurity Instrument:(b)is not person a l ly o b liga t e d [o pay t he s u m s
<br /> �. ��' = �'��`�r="''�''f�: securod by this Security Instrument;and(c)agrees that Lender and any other Bormwer may agree to extead,modify,forbesir or
<br /> � make any accommodations wIth regard to the terms of this Security Instrument ar the Note without that Borrower's consent. "
<br /> r�'^=�" • 13.Loan Cdarges.If the loan secured by this Security Instniment is subject to a law whIch sets m�ximum loan charges,
<br /> �.� %' and that law is finally interpreted so that the jnterest or other loan charges collected or to be collected in connecdon with the � .�
<br /> ',�s p ��b,,,�. loan exceed the permitted lnmits, then: (a)any such loan charge shali be reduced by the amount necessary to reduce the charge ;�,
<br />- ';�;�.• to the pemutted limit:and(b)any sums already collected from Borrower which exceeded pemritted ilmits will be refunded to �.,..�.,
<br /> Borrower. Lender may choose to make this refund by reducin� the principal owed under the Note or by making a direet ''
<br /> . �;.,�.�,`„�'r�q�;�,. payment to Borrower. If a refuad reduo� principal, the reducaon will be treated as a partial prepayment wtthout any
<br /> �:-;.•�..•_�•;: prepayment charge under the Note.
<br /> � ��•��°-�'�'"'• 14.NoHces.Any notice to 9ornowor provided for in this Secudty Instrument shall be given by delivering it or by majiing
<br /> -F�(. ...... :w'\�.�.�!
<br /> ,., _ it by first class mail unless applicable law requires use of another mettiod.The aotice shull be directe�to the Property Address
<br /> "�"... . . or any other address Borrower designates by natice to Len�er. Any notice to Lender shall be given by first class mail to
<br /> _� � '�'�''` �� Lender's addre.ss stated herein or any other address Lender designates by notice t� Borrower. Any nouce provided for in this
<br />`^*` r-'�"`"`' " Secudty Insuument shail be deemed to have beEn given to Borrower or L.ender when�iven as provided in this paragraph.
<br /> � �"'��, � = 15.Governi n g Law; Severebtli t y. ThIs Security Instcument shall be governed by federal Iaw and the law of the
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<br /> �;•,_:,;.. '� jurisdictIon in which the Property is located. In the event that any provision or dause of this Security Instrument or the Note `-!,
<br /> ° ` •.'.�j�i:�.:; oontl{ets with nppl{cable law.such co»flict shult not uffect other provisions of this Secnrity Instrument or the Note which can be
<br /> ' 3�'�` ' given effect without the conflicting provision.To this end the provisions of this Securiry Instrument and the Note are declared
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<br /> .:��••• � to be severable.
<br /> ~ ''��,�:,.'��' 16.Borrower's Copg.Borrower shnll be�iven one conformed copy of the Note and of this Security Insuument.
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