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<br /> paymcntq may nn longcr bo requirad.s►t the aptton of Lender,if mortgage insurunce sovernge lin tha smuunt and for�ha pedod
<br /> , , - that l.cndcr requires)pmvidecl by mi insurer opproved by I.�ndcr ngain becomeg av�ilable und is obtained.Boaower shull pay
<br /> the preiniums requ3red to msintati�ntongaIIe insurance in cffect.�ir to provldo a loss rescrve,until the requirement far inortgage
<br /> insnranca cnd�in accordance wtth any wdtten up�recmeni t►ctween aurrower and l.cnder ar npplicablo luw.
<br /> 9.iaspectton. Lc�ler ar itA ngent muy mnkc cwsanubles entrics upon and inspections af thc Property. Lender shall give
<br /> Barrnwer natice ut tl�e time of or priar to an inspection specifying r�.usonnble cuuse far the inspectlon.
<br /> 10. Condemnatlon. Th�proceed�af any nwnrd ar cluim far damnges. direct or conseyuenti�l. in conncxtlon with nny
<br /> -�---=_-- -- caudemnution or other tnlcing af any pnri�f Ihe Fm�+erty,or for conveynnco in lieu of condemnntian. Are hemby ussignrd and
<br /> shull be puid to l�ender.
<br /> In the even.t of a totn!tnking of the PrapeRy,the proceeda shuli be applia!to tho s�ms r,ecural by chis Securlcy instniment.
<br /> whzther or not then due, with any exces.g patd to Barro�ver. In the event of u parttal tnking af the Prapercy in which the fair
<br />--= mttrket vnlue of the Propetty immediately before the taking ia equul to or greutcr thun the umount of the sams secured by this
<br /> : -- Secudiy Insuument immediately befare�te taking.unlcws Borrvawer und Lender otherwlse aga�in writfng.the sums secured by
<br /> _-- -- - ---- ---- thls Secur�ty Insuument shall be reduced by the amout►t of the prnceed.K multiplied by tha following fiacdon: (a) the tota! c
<br /> � nmount af the sums secureA immediatoly befare the takjng.divlded by(b)the fair ctt:uket value of tho Prapecty iramed�ately
<br /> ,� before the teking. Any balence shall be pstid ta Bnttower. In the event of a partlal taking of the Pcoperty ln which the fair
<br />'��' market value of the Property immatiately befar�the taking is I�ss thon thc amaunt of'the sums s�cun�d immedIutely befoc+e tho
<br /> �''.'� taking.unless Borrawer und Lender atherwise usree in wr[ting or unlass uppllcable!aw otherwise provides. the proceeds shall
<br /> --- - be upplied to the sums sccured by this Se,;udty instrument whether ar not the sums are then due.
<br /> - - if the Property is abandoned by Bo�rower.or if,ufter notice by Lender to Borrower that the condemnar offers to make an
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<br /> "' - award ar settle u ciaim for damages. Borrower fuiis to �pond to IxnJer within 30 days after the datc tf�o notice is given.
<br /> � l.ender is uuthorizod ta collect and apply the proceeds,at its option.cither to restoration or npair of the Pmperty or to the sums
<br /> secured by this Security Instrument,whetheror not then due.
<br /> Unless I.ender and Borrower otherwise agree in writing, nny npplication of procaeds to prjncipal shall not extend or '='—=,='
<br /> postpone the due date uf the crtonthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. ___
<br /> ,.� 11.Borrower No!Released;Forbearance By Lender Not a Watver.Extension of the time for payment or modificution -----
<br /> _ I of amott�zadon af the sums secured by thts Securlty Instrument grantai by i.ender to any successor in intetest of Horrower shall _
<br /> not operate to r�lrs�se the liability of the original Borrower or Horrower's successors in interest. Lcrtder shnll not be required ta =
<br /> . ioommence proce�clings a�atnst uny successor in interest or refuse ta extend time for payment or otherwlse madify amortizatton �
<br /> � oF the sums secured by this Securiry Instcument by re�son of any demund made by the ariginal Aortower or Borrower's �==`
<br />- � successors in Interest. Any forbearance by Lender in excrcising any dght or rematy shall not be a waiver of or preclude the ��=-
<br /> , ._ _ _ . - `; exercise oi'any right or xmaiy. �F
<br /> � 1Z. Sacaessors aad Asslgas Bound;Joint end Sevcrnl Liabllity; Co-signers. The covenants and agreements of this --
<br /> -<•,•-. � Secu�ity Instrurteent shall bind and benefit the successors and assi�ns of L.ender and Barrower, subject to the provisions of
<br /> .i,,,..
<br /> paragraph 17. Bornnwer's rnvenants and agreements shall be ioint and several. Any Borrower who co-signs this Security �?�
<br /> �:..
<br /> �� Inswment but does not execute the Note: (u) is ca-si�nin�this Securlry Instrument anly to mortgage,�rant and wnvey that �:=w.y
<br /> i��' � � Horrower's interest in the Property under the terms of thia Securiry Instrument:(b)is not personaily obligated to pay the sums f'��''��'
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<br /> secured by this Security Instrument;and(c)ngrces thnt Lcndcr and any other Borrower may agrce ro cxtend, modify,forbear or �;,•���;
<br /> mako any accommodations with m�tud to the terms of this Security Instrument or the Note without that Borrower's consent. E;��;;:.-
<br /> 1�.I.oan Charges. If the loan secured by this Secu�ity Instrument is subject to u law whtch sets maximum loan charges. C"•."Y
<br /> and that law is finally interpreted so that the interest or other loan charges cotlected or to be cullected in cunnection with the ��r.�..
<br /> _:{_ _� loan exoced the permitted limits.then: (a)any such ioan charge shall be reduced by the amount necessary to reduce the charge � �:
<br /> • ta the petmitted timit; and(b)any sums alrcady collected from Borrower which exceeded permitted limits will be refunded to ;:�r:'
<br />`�, ? � Bonro�ver. Lender may choose to make this refund by reductng the principal owed under the Note or by rrwking a direct trt.,
<br /> . paymeasi to Bornower. (f a refund reduces principal, the reduction will be treated us a partial prepayment without any -;�;:
<br />_ prepayment charge under the Note. ''.._
<br />- Y� j 14.Nottces.Any notice to Bortower provided for in this Security lnshument shall be given by delivering it or by mailing
<br /> 1. .
<br /> �t� -,�i; j it by first class msii vnless applicable law requires use of unother method. The notice shsttl be directed to the Property Addmss
<br /> • ,���r� .,� or arry other address Borrower designates by notice to I.ender. Any notice to L.ender shuQ be given by fitst class mail to � ~
<br />;Q-� ''''''''S��"'r� Lcrts�'s address state.i herein or any other address Lender designates by notice to Borrower. Any notice provided for in thIs a .:;.
<br /> �•� Security Instrument shall be deemed to have been given to Borrower or Lender when given us provided in this paragcaph.
<br /> - :�-��?'`� IS.Governtng L.uw; Severubility. This Security Instrument shalt be govemed by fedr.rat !aw and the law of the
<br /> :.•,�.
<br /> `:" . jurisdictlon in which the Property is located. In the event that any provision or clause uf this Security Instcument or the Note
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<br /> ���'�'' ' oonflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be .,
<br /> • ��, a; + given effect without the conflicting pruvision. To this end the pinvisions of ehis Security Instrument and the Note are declared ?,t�.`,
<br /> . �
<br /> � • � to be severnbie.
<br /> •' '�' � �:��•�"' 16.Borrower's Copy.Borrower shall be given onc conformed capy of the Note and of this Securiq�Instcument. �
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