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<br />-- -��_�3�, payate�ats may ao�langer Ee xeqn�ed.at tf�e aption of Lendcr. if atort�a�e insuraace coverag�(in the asnount nJxd for tb.e geriod -
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<br /> —_-:=.:���;.�;� . t�at t�cr xequires)Pmvided bY an insurer approved by Lendee a�aiu beoomes availabte and is oirtainad.Botrower s�all�ay � .
<br /> ��.:�
<br /> 7�'-� 'the p�emiums et�qttired t4 ma;nLn motTgage instu�ce 3tt effe�.or to prnvide a toss reserve.until itee req�sirement for`mflrtgage .
<br /> ._Q fi,:�:���� insaisnce ends`in ucaotdance with ap,�written agcem�n4 between Borrawer and Leader or appiicable law. � �
<br /> ___�.,.,t��� 9.InspecUon.�.ender ar its agent may make�easonable enrries upon and inspe�iona of the Pro�n}r.Lender shall give�
<br /> °=��x�`�� � Bosro�ver notice ut the time of or prior to an ic�sgeqion specifyiag reasoaable esuse fos the insgecaon. � '
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<br /> ' ��: ! • !0.Coaderanmiion. 37ie prasecds of asay award or ciaim for dam.�r�.'dirert or rnnsequencial. in cannertion vvith.smy `
<br />_�.i�=���. �k���r' ' condemnatian oi other taking of nny.part af the Properry,or for convcyance in lieu of condemnatfon.are hereby assi�d su� "
<br /> N�:. � �.
<br /> � , . , .. shali 6c paid to Lender.
<br /> -�.- --�.�_t=.,-<- ' In th�event oi'a tnti�l 1nEcin�of 1he Property.the�raaeeds�hal!!�e applied to the sums sQCUred by this Securityr Instrutt�ent, ��
<br /> �`� Y - , ahether or noi then due. with any eRCess paid to Borrower. Ia ttie event af a partiai taking of�he Property in which the tuir
<br /> � ' " � market valae af the Propeity immQdiately defare the taking is equat to or greater than the amount of the.sums se�vted by+thls :� �
<br />=.x;:��r��'•;��`.� Secu�ty Inswment imfnediately befose the t��Cing.unless Borrowet artd Lender othenvise agree in writing,the sums s�6y ` �
<br />-'.'---�s�.":-;.. � '
<br /> y��.�.• � this Secarity Instrument shalt be reduced by t&e amauat of the gmce�ds muttiplied by the following fraction: (a) th.�tatal
<br /> �;�,,-u,,.�,Y, :
<br /> `--f`� '�� � .. amannt of the sums secuned immediately before the taking,divided by(b)tfie 6ir marFcet vaWe of tlie Prop�rty imme�i�� tiy •
<br />`T�"�����'` ��' •6efore the taking. A�ry balauce shaU be paid ta Barmwer. In the event of a pa�tial taking of the Property w whicb the fait
<br /> J'��r•'�; market value of the praperty immediately,before tho taking is less than the ammint of the sums sciviced'immediately before the. ' �
<br /> ���- � ` tafdng,unless eoaower and I.ender otherwise agee in wriring or unless appiicable law othenvise Qrovides, the p�s shail �
<br /> '-�F.Y::�t7�C[.1_y��-. 1 . � .
<br />'-_'."•,�;�-r�-: 6e applied to the sams secured by ttus 5ecurity Inst�nent whether or not the sums are then du�. .
<br /> -�-,_ ,;���.-
<br /> = ° •�;�.�-� ' � � If the Pmperty�is abandoned by Bono�rer,or if,after notice by Leader tn Eorrower that the condemnar offers tn matce aQ :
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<br />-�p�- awar8 or settle a claim for damages, Borrower fails to respond to L,ender v�rithin 30 days after the date the aatice is givcn,
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<br />:-_:�::�=;�.-;:�_,. �. Leader is auttwrized eo coltesx and apply the proceeds,at its bpdon.either to restoration or repair of the Pcoperty or ta 1$e sums . %
<br />_ ; _ y�`-..: secnred by this Secarity tnstr�ment,whether or not�hen due. . ` ,
<br /> , -_.._;�;;._.,`` . � Unlc�s I.ender and Borrower othera+ise agree in writing,any aFplication of pmce�is ta prin�al shall aut e�[tend or :
<br /> -- -- . - . postpone the�du�date of-the-monthty payments-referfed-to ia PazagraPhs 1 aad-2�ar change�the amonnt df suctt payraea�s.� ` � -, :.�-g;.
<br /> : � � '' 11.Bsrrorier Not ReleasQd;Forbearence Bq I.eades Not a Waiv�.Extension of the time for payment or mndIfica2ion " �
<br /> , .�. ..,. ..
<br /> - -� of amortezation of the sums secuied by this S�curity.Instrum�nt granted by Leuder to any successor in inietest of•Bormwer s�all .
<br />- , not operate to release t6e liabiliry of the oribinal Borrower or Borrower's successors in interesa. Lender shall aot be re�qiured to
<br /> -'-`._`� '�=�-= oommence prooeadings against arry sncoessor in interest or refuse to extend time fos paymem or othefwise madify amorti�tiqn
<br /> == ''- .. . ._ of the sars secured by this Secarity Instrament by reason of any demand made by the origi�al �omnwer or Haer�ta+er's. '
<br /> . ,� 4� �• successQ:s ig interest. Any fotbearance by Lender in exercising any right or remedy shall not be a waiver o�or pteclude the '
<br /> • � exercise of any right or remedy. ' . .
<br /> , , 1Z. Succe�a�and Assffgas Bound;Joia��ud Several I°abilltty;�u�igness. The cavenarlts and�agreemems of this.. •
<br /> ,� '' � �� Security Instrumers �all bind and benefit tke scccessors and assigns of i,�der and Bonower,subject to the provisio$s of � �
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<br /> • ��{. _ •�• paragrr�3. 17. Bonoarer's covenants and agreements shall be joint and•several. �Any I�rrovsrer who co-sigas this Security
<br />„.��'.�=:i�:�. In-�**�_�::but does not execute tL�e Note: (a)is co-signing this Security InSUUment o��ta mortgage,grattt and wnvey tlta2 � •
<br />=""'';�" '' ' Borras.er's interest i�the Property under the terms of this�Security Instru�:«::t;(b)is noi per�onally obligated to pay the sums :
<br /> f� ;`�"''r sewred by this Sece.^?y Instrument:and(c)agrees that Ixader and any Qt��i3orrower may agree to extend,mndify,forbear or ' •`
<br /> ;:::.r::::
<br /> - • ��••' make zny accammc+�.�ons with regard to the terms of this Securiry Instrum�nt or the Note without thai Borrower's oonsem. ;.
<br /> �'';'A;:;"�:`�..�':` i�3.�a�s Charge9.If the toan secured by this Security Instrument is subject to a law wfuch seis maximum loan charges, .
<br />'rl��:°�,�;iK: . . and��t?aw is fic:'1y interpreted so that the interest or other loan charges collected or to be collected in conneciion with tfre � •
<br /> :�;:" "'•� � toan exceed the per�tted limits.then: (a)any such loan charge shall be re�r:,�ed by the amount n �T harg ,
<br /> ,�;:,;;.;,. . ' to reduce the c e �
<br />:"'�'�`?°'.•� :� , to the permitted limit:and(b)any sums already collected from Borrower kC�c�::h eaceeded permitted li..:.�::�s will be refunded to� �
<br /> '�"''•'�'��"�^'�' Bo wer. Lender ma chuose to make this refand b rzducin the nn " al owed under the Note'ar b makin a direct
<br />_:, .F�: ._ np Y Y S P � �P Y S
<br />-�^?=t�;;.'"-��. ��,':�:. payment to.Bormwer: 1f a refuc�,� reduces principal. ttie r�ction wiil be.aeated :�a partial prepaymcnt �itioui any .
<br />���}�`• -- r"•' prepayma�:.eharge under the Note. ' "
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<br /> �'.; •; . . . 14.\olIces.Any nntice to Bflirower provided for in thi�Security Instrument shai'.L.�given by deliverirt�ii cr 63+mailing
<br /> � • it by first class mail unless applicable law requires use of another method.The notice sL:l be dimcted to the Property Address
<br /> `� ' . " or arry othet addresa Bonower designates by notice to I.ender. Any notice to Lender shall be given by fust class mail to �
<br /> . Lender's address stated herein or any other addres9 i.ender�signates by notice to Bomower. Any nodoe provided fas in this
<br /> ' Securir}•1:istrument s6a11 be deem�3 to dave been given to B��ower or Lender when gic��s�provid�in this parag,r�t�.'
<br /> . � 15.Gare�6a� ��v; Seserabillty. This Security lnstrament shall be govem� �y &deral law and the �..zw of the
<br /> • jurisdiction in which the Property is lacated. In the eveat thai any provisia.or clause of this Security tnstrument or the Note
<br /> . - conflicts with applicable law.such canflict shall not affect other provisions of tl:is Secarity Instrument or the.Note which can be -
<br /> : . � given effect without the oonflicting provision. To this end the pravisions ot this Srcauir�IInstrument and the Note are declareA
<br /> �".='�` � ' • �` .to be severable. _
<br /> .'"'�'�� '� 16.Borrower's Copy.Bonower shall be given one conformed copy of the Note and of this Serurity Inscrument.
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