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<br /> - - ;�.�i •'' payments m�y no loager be reqs��red.at!he aption of Lcuder.i mortgage insurauCC cbveragE(in the ffin6unt and for the p�rit� � • .
<br /> — ;�``ze`".�'`' fhat Le�er tequires�ino IIPP Y �
<br /> __;� ��.�;,�.:.,: vid�d by aa ivsurer roved 6 �Yxnder a baaotaes�vailable and is•abtaiaed. Borrower sbal!•pay _
<br /> --= ,�.<�,,,< "'/� ' tlie premiums mquired to m�intain mortga�insyraace in effect.or to provide a toss reserve.untIi th�rec�nirement fdr mortgage —
<br /> _w, _
<br /> _ �-y_. ^�J�a`i� ._._._"___..—_'
<br /> -�"=`��;-',�-;�''�-' 4nsurance ends in ar.corctance arith any�vritten agreemeat bemoza Borrower and I.enQer pr aPPlIcable taw.
<br /> 'r�='��`;L . q,aas�eetton,Liender or its ageat znay make reasonable enuies upoa and inspectioas of the F�mp�rty.Lender shall give'
<br /> ' " � Borrower notice at the time ofosprior to an ins�►ection specirying masonahle caus�fotthe insgection. ` ----.-------
<br /> �'�:'.�`: `.,; ' i13.Condemnattan The proceeds of any aw�d or claim for ciamages,direci or consequeutial. in connection with any , --_--
<br /> ' �':4'-•, — _ .
<br />- �• . • coademnation or osher taking of any part oF ih�Pro�serty,or far conveyance in lieu of condemn�tioa,aae herzby sissigned and
<br /> .��. .. • , .
<br /> � sfial!6e paid to i.ender: �
<br /> • . : • � in the event af a mtal tala�g of the Pcoperty,the pmceeds shall 6e applied to the sums secured by this S�curity Insuumu;nt, ----
<br /> whether or IIat then d�e.�vith any exce�s paid to Barrower.In the sveut of a partial tatdng of tfie Pioperty in whicb the fair '
<br /> '"xf z:'`� !�:��...-�e�;_ � ma�set valu�of t6e Pr6perty immediaiely before tLe talQng is equal to or gneater t4�an the amnuat of t2�e sums secured by.th9s
<br />--;.�� ; • - x g�urity 1nst�ument imme�iatetY before the taking,unless Borrowec and Leuder ot$erwise agree in writimg,tha sums secated bY
<br /> �:T` ' � a-=-�lied b the follov fraction: (a) the mta!
<br /> ,� � ;(,..,; . tfitis Securicy Instratnent shall be r+edaced by th��wrt of.tI�e proceeds si�-� Y �S
<br /> ' �amo�t�.t�se.sams secured immediatetp���.�:s^..�isi�by (b)t��.-,market yzlue of��: ,1'rrc��erty i�r,�.i:;:ely
<br /> �'} ` � �s'.� ' .;�f�t�t�Yaag. Any bala.nie shall ix�Q::�c�L���r Er�L���rent of a�,�t ^t�Iau�'c�tT:X r. ���'iv�:c�.��ais _
<br /> f r ,; a f,.,';,; y 6efare the
<br /> ,,��r,r:�. . '� .:c�..'�s-�due of ths Praperey immediately 6efare the r:s�..-~g is L�s tlfan the amonut of the sums secured�rr-�•�r,^�?�
<br /> .�""•`?�,. tak�ng, unless Borrower and l.endes otheraiise agree in wri6ng or isnless applicable law otherwise�rovides,the pmce�ds shait
<br />_l d.,,��� -.?..� be applie�d w the sums secured by this Security InstnuQent whether or nat the sums are then due.
<br />._�; . .�.
<br /> • If the Property is abaadoned isy Borrower.or if.after notice by I.endsr co Borrower that the wade�annr offeis to u��.°_an
<br />�::��_�,�.'� ''� " :.,.F,' award or settie a claim for damages. Borrowet fails to respond tu Irender within 3D days after the date the notice as giveti,
<br /> . L,ei}der is sutborized to mltect and appty the proceeds,at its option,either w restota�tion or repair of the Pro�erty or ta the s�s •
<br /> c�''='°--`--`.-�--� secvred•by this Scxucity Tnsaurrient.whether or not then duc. —
<br /> __._ .
<br /> y� � "- . � . . ��tes.g f:endcr and BorroNe��atsic�nvise�ugree in writinS:-any-applicaiion�-of pmec,zds to principal sltalJ nat catend or
<br />. S=�•`• . , pa�spnnc U�e due dasc of the manthiy paymems refcrrc4 to in para�aphs 1 and 2 ar change thc nmount of sac�payments.
<br />.- , � . . 11.Borco«er Nof Reteused:Forbenrnace By l.Qndee Noi o Wnlver.Extensian o(the time for payment or muc111iration .
<br /> ' of amortiration af the sums scrureA by�hiy Security instrument granteQ by Lender to any successor in interrst oi B�nativer shall
<br /> � ' ��� � nni pper�te to releasc thc liabiliry of tho origirwl Burrowcr or IIorrovvrz's suecessors in interest. Lender shal!not be rr.quired to
<br /> , � commence pruceedin�;s against any successor in intcrest or refuse tu extend time for payment or otherwise modify amoRiuttion
<br /> � ' of t11e sums securrd by thia Securiry [nstrument by rcason uf arty demand made by the ortginal 8arrower or Botrower's
<br /> � ' � successors in interest. Any farbearance by L.ender in exercising any right or remedy shaU not be a waiver of or preclude the � -
<br /> .• eaetcise of tury rigM or rem+e�y.
<br /> . � • " 12.Successoss and Assigas Bound; Joini and Seversl Uabftity; Co-sfgaess. The covenants and agreements of this
<br /> Securityr Instrument shall bind and benefit the successors and assip�s of Lender and Bonower. sabject ta the provisions of .
<br />_ , . . ,' . paragraph 17. Borrower's covenants and agreements shalt be joint and several. Any Bnrrower who co-signs this Security
<br /> • ' - � � Instnunent but does not execute the 1Vote: (a)is co-signing this Security Iastrument only to mortgage,grant and camey that _-
<br /> � ' ' . Bonower's interest in the Property under the temLS of this Security Insaument;N)is not personally obGgated to pay the sums __
<br /> � secured by this Security Instrument:and(c)agrees�at I.ender and any other Boaower may agree to extend.modify,forbear or �:�:
<br /> • � make a�y accommodations«�th regard to the terms uf this Serurity Instrument or the Note without t6at$orrocver's consent. �'`�—
<br /> � 13.Loan Ch�t�es.IE'thr le:�`i�c.vred by this 5ecurity Insuvment is sub}ect to a law R+hich sets maxim�m loan charges, --,��
<br /> '" and thai law is finally interpreted sa:aat the interest or other i��z,�charges collected ar to be collected in connectiar�Nith the �
<br />'�� � � loan exceed the permi¢tad limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge �"`
<br /> .-,�.�;:-•`•., .'�, co the permitted limit:and tb)ar►y sums already ai:ected from Boaower which exceeded pertnitted limits will be refunded to -"�
<br />-_ - -'---'- Boaowet. Lender may chaose to make this re�:d by reducing thc principal.owed under the Note or by making a direct , '����_-_-__--��
<br /> , ..'` +` � � payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepaynient without any � ==-"
<br />- .. _' • prepayment chazge under the Note. � 't'�_
<br /> '�, . ' � . I4.Notlae9.Any notice to Bonower provid�for in this Security Instrument shall be given by delivering it or by mailing
<br />�•-:} � ' , it by first class mail unless applicable law reyuires wse of another method.The notice s h a l l b e direc t e d to t he Prope rt y Address d,�__
<br /> ,;i,�.�� . or any other address Borrower designates by no,:re to Lender. Any notice to Lender shall be geven by first ciass mail to •��;�_
<br />
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