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<br /> ` `�T'`' at t�e�option of t�ender.if mortgage ins�naac�caversge(in the�uunt aad for tfle ptdos!
<br /> -_ =•- =---=�_�, pay�uenu may no tonger.be reqnire�. ��
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<br /> _-i��� '��' that Leisder re9nires)pmvided by aa insurec approved by Le�der again i�mes avaitable and u obtaia�d.�r�Orrer s�halt gay
<br /> :-:Mr.�;=_
<br /> _=�-:4`°.••. s . the premiumc requiied to maintaia mortga�e insucaaoe in effecc,or to pmvtde a loss.reserve.until the requite�ei�¢fot mort�agE
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<br /> �— ;, -� r:�;;,�:;t` iasUrance ends in aocordaace witb any writtea ag�em�n�betweea Borcower and I,ender�or appliaable tativ.
<br /> -���s�,,, "�%���:: r� . 9.iasped'eon.lender or iu ageat may make rea§onabte entries upon and inspecrions of the Progerty.L.ender s6all git�
<br /> �: r':�:��'�: reaso�bte cause for the inspection.
<br /> '� ..: Borracver notise at the wae o€or pri�r to an inspectian specifyinS •
<br /> u_;`,`;� . ,`�'� � 10. CondemantEon.T�e proceeds of any award or claiia for damages, d'uzct or canseyeientiat. in con�estioa�+rith acry � �
<br /> °~ . - . . condemnation or other tat�ng of any part of the Progerty.or for conveyance in lieu af cundernnation,arz hereby assigaed� ,
<br /> ' shal[be paid to I�ndet. •
<br /> -`- �._.� r., tnctmmene.
<br /> ., � tn the event of a wtal taking of t6e Property,the pmoeeds shail be apQtied to ti�e saxrs seccu�by tt�is S�ctuity �-
<br /> ,,.;, •. :.
<br />'-,:�;..� . whether o:crot then dus, erith any exc�ss Paid to$orrawer. In the evem af a partial taking af the Frvperty in which the air
<br /> ;.j;.,,r� ,�°•�,• ' � market vafue of the PropertSr immediately 6efore the taking is egaai to or gc�ater than the amonnt of the snms seaued by this
<br />-Y'.... _,,-'�-=.��-`� " Securi Inununeut im•nP�;at� befoie the taking,untess Borrower and I,e�ader athervrise ag�ee in writiag,the sams secur�d by
<br /> :��; -.....'-_,�. ., , ty Y
<br />`°� ,. . . � this Sec�rity Instrnment shall be red�c�l by the amonnt'of the proreed� muttiplied by We foilocving fYac�on: (a) the mtal
<br /> �.• amaunt of the snms secured immediately before the tatdng,divida�by(b)the fair market value of tI�Pmperty immediateIy .
<br /> .�-'�`":".44.`•.'c•V},• —
<br /> '' r " � before the taldng. Any balanee shall be paid to Bor�oti�rer. In the event af a partial talQUg c�i tI�ProPatY in a'h�t��
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<br /> �.���.`�'' � �r • market value of the Property im,4, ;arp�y 6efore d�t�taug is less than the amoumt of the surr�secured im�.�iatelY befo�e the
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<br /> ;�- ., _ caking,unless Borro�rer and L[+nder otherwise agn�e in writing or untess applicab2e law othec�ise pm�ri�.":�he procez�s s6all ,.
<br /> �: x ';. . `:.
<br /> ' 6e applied to the sums by this Srcurity Insh'umeat whether nr not the sums are then dc�::. >�:�<.•
<br /> ��-'�.. � ��-�-� . If ttte Property is ab .bned by Barrower,or if,after nntiCe��:�ender to Borrower thu Le condemaor offers to make an .
<br /> �� ' ' "�� awu+d os�settle a claim fot`damages.Borrower faiLs to respond tQ�ender within 30 days af�er ths date tue aotice is g+ven.
<br />�--�,-•��;�:.•;, ;F� . . .I.ender is sutharized to coltect a�appIy the praoeeds,at its option,eFt6er to r�'.�ration or r+�sair of the Pragerty or to the sums
<br /> � 4� 1:• . secuied by this Secasriry Instrament.whether or not then dae. .
<br /> .
<br /> � .; . _ ;.; . -- - -Untess,Lender and Horrower otherwise agr� in writing,:� agpfica�nu of prooeeds to priaapal shall.aoi eate�d os
<br /> _, .. . . . . ..._ ._... - ----- - -...._..
<br /> :° : ' postpone the due date of ti�'monthly papments refe��io in pai�i:�=..�:hs 1 aild 2 0�ch8ng�the�amo�nt.of such payments-
<br />: .;;' � � � ' 11.Borrocver Not Released;Fo�eaa-ance By Lender Not'a:.v�aiver,,�xt�easion of tlie time for payment or modificativa
<br /> '�` ` �i . ' of amortization of the su�secured by this Security inswment granted by Le�%�to any,succ�ssor in interest of Boirower shall
<br />_______�___, _ not operate to release the liability of the original Barrower or Bon'ower's succ�5rs in interest.L•endet s1�a1�not be required,to
<br /> ' '�. � � mmmeennce pmceedings against any saccessor in interest or cefuse to extend tinae for payment or otherwise madify mnorti�tion
<br /> •• � of the sums secured 6y this Security Instrument.by reasan of any deiirand made by tht originai Borr�rer or$onower's�
<br /> . � suaessois in interest. Any forbearamce by LeY►dec in exercising.�+�right or remedy shaU not be a waivcr of or precte�tfle.
<br /> � ' . � ' ��.::r�%rse of.any right or remedy.
<br /> . � �• . 12: 5accessQis and Assigns Bonnd:Joint �Seve��iabi16t9; Co-signeis. The c�venants t�;�'eements of tTois .
<br /> � ,,:� . � Security Iflstrument shall bind and benefit the successors and�•-� ^� of Lender aud Borrower, subje�ct r;�th$ provisir.ns of
<br /> ' � � paraigraph F7. Borrower's covenants and agreemenu shall 6e jc��t and several. Any Borrower who co-signs this �'ity
<br /> °- , • Instrument but does not execute the Note:(a) is co-signing this Security Insmiment only to mortgage, grant and wa:scg.�hat ,
<br />'_ -� ' Borrower s intenest in the Property under the terrr�of this Security Instrument;(b)is not personally obti��tu pay the sums
<br /> � � . ' sernred by this Securiry Inst[uruent;and(c)agrces that I.ender and any other Borroaer may agree W extend,�ofafy.forbeat or
<br /> y:�'' . , ` make any accommadations with regard to the terms of this Security insuument or the Note wilhout that Borr�wer's consent.
<br /> ,:,F;�::,,..�:.,:'..', � 13.Luan Charges.lf the loan secured by this Security Instrument is subject to a law which se�s maximum loa�charges,
<br /> '_- azid that!aw is finally interpreted so that the interest or other loan ciLarges wll�or to be collected in cannection wit�the
<br /> -;�-�'! - �,::,�' � toan exceed the permitted limits.then:(a)any such toan charge shall be reduced by the amount neces5ary to mdace tfie charge
<br /> - -� - -• . to the pem�itted limit:and(b)any sums already collected from Borrower which eaceeded permitted limits will be refuaded to
<br /> :'_'� A
<br />;'�L:::;i`�'�._.' Borrower. Lender may choose to make this refi�hy reducing the principal owed under the Note or Ly makin�a dlrect
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<br /> =���':�;.`�'`�',•'::,�� .` payment W Borrower. If a refund reduces princtipal, the redaction will be treated as a partia) prepayment with�t any
<br />:s-, • . .�<�t:��,-: • prepaym�:�charge under the Note. . '
<br /> � � ' "�.�'� � 14.Noiices.Any nouce to Eorrower provided for in this Security Instrument shall be given by delivecing it or by�ailing _
<br />.�-:;;,'�����;;``�;�,:'_. it by first class maii unless appficable law requires c�of another method.The notice shaU 6e directed to�Property Address
<br /> or any other address fi;,rrower designates by noticx to Lender. Any notice to Lender shall be given �� �ist class mai! to •
<br /> .'`��'- L.ender's address stated herein or any cc��er address Lender designates by nodce to Borcower. My notice rrovided for in this -
<br />`��.'� • �• �'� � Security instrument shall be deemed to t:ave been given to Borrower or Lender when given as provided In this paragraph.
<br /> ' . '. . ' 15.Goveraing I.��v. Severabfllty. This S�.urity Instrument shall be govemed by federal law and the law of the
<br /> �#��.,.', � • jurisdiction in which the Property is located. In t:��=event that any provision or clause of this Security I�str�ment or the 1Vofe -_
<br />-����� � � conflicts with applicable law,such conflict shall nai affect other provisions of this Security lnsttument or un:.Note which can be ==
<br />- �' �� . given effect withaut the conflicting provision.To this end the provisions of this Security Instrument and[!:e Note aze declared �_
<br /> to be severable. ��
<br /> . �+.�: ' 16.Eorrower's Co�ry.Borrower shall be given one conformed copy of the Note and of this Security[astrument. ;,
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