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<br /> - �-� ` ments may,no tonger 6e rcquired.at the opt�o��Lender.if mortgage insurance ooverage(in the atnou P �. -
<br /> .-:`�• � ' paY
<br /> • . . . that Lender c�equires)pmvided by an insurer appmved by Lender a�beco�rces available and is obtained. Borrower sha41 pay : t ,��`.
<br /> ' �. ` � "�, +(. �e p�niums required to maintain murtgage insurance in effect,or tR provide a toss reserve.isn�che�uirem�nt for�ort8age �,
<br /> : � :. • - insur.�nce ends in ascordance with any written agreement between Borrower mad Lendes or app� �nder sha}t giv.e "
<br /> �-. 4. ��n.LQnder or i�c agent may malce.reasonabte enuies upon aad inspections of the Property. �,a,
<br /> � ' ' ' gorrocver noricg at the time of or prior to an�inspection specifying reasonabte canse for ti�e i�se�ian• ��
<br /> • ` ' ' 10.COIIdCIIlII3tI0A.'I'he pmoe�ds of any award or claim for damages. direct or consequential. in connection atith any . , . ` . �
<br /> ". ,°: . ' a rt o f t A e Pro pe rt y,or for conveyance in lieu of condemnation,are hereby assiSned and �•�� _ _
<br />- "_�i �, candemnadon or other taking of anY P . ` :_
<br /> .�; �(, . ' . . shali be paid to Lemder. . �_;
<br /> " - In the event of a total taldng of the PropertY.tt►e gr°ceeds sfiall be applied tR�sums secut�ed by this Security InSUUrneat. .;` - �,,,Y. --
<br /> of the Pruperty in which the fair -�;:•'_�y� _ „y^_;�
<br /> � whether or not then due.with at►Y excess pai d t o B o a o w e r. In the evert of a partial taldnS , ,:� •, -
<br /> ' uiun e d i ate l be fo r e the takin g is equal ta or greater than the amount of the sums s e c u re�l bY t h i s •� =
<br /> � :n .. market value of the 1'roperty' Y �
<br />� Security I n s t r u m e n t i m m e d i a t e l y b e f o re t h e t a k i n g;u nless Borrower and Lender otherwise agree in writing.the sums s e r u r e d bY ��,�---v-^
<br /> , � � this Security Insaument shall be reduced by the amount of�the���6)the fais�martcet valae ofthe Property(aunmediate r l�y - _�
<br /> ��Y amount of the sums secured immediately before the taking, Y �-.A�:=--
<br /> . ' before the tahing. My baIance shall be paid ro Borrower• In thc event of a partial taking of the Properry in which the fair �.__r._--
<br /> .� : . market value of the Property immediately before the taking is I o ��he amo�e law othetwtse Prnvid�.�e p�t°�S shall ---..—.
<br /> am
<br /> taking, untess 8onower and Lender otherwise agree in wnung aPP , � -
<br /> - ._,,..i-'-.-- 6e applied to the sums secured by this Security Instrument whether or not the sums are then due. �;;%��;_,:���_�,�
<br /> � [,-. : . Sorrawer that the condewnor offers tn m�ice an �:--_
<br /> :. � . .• . : � : -- --------��---. _ if-th�Properry.is abandonedby-Boanwer,_nt if..after notice bY-- - der to ----
<br /> L.en
<br /> ' ' � � award or settte a claim for damages. Borrower fails to respond to Lender wit�fi'in 30-�ay��fter-tlie"date-the n°tice-is given: - - �_, ���
<br /> - � �. <'�' Lender is authorized w colled and apply the proceeds.at its option,either to restorauon or repair of the Property%or to the suims t`
<br /> "R '' ' ' � ' secured by this Security Instniment,whether or not then due. ��'=���F`
<br /> �' � ' Untess I.ender and Borrower otherwise agree in wciting. any applicatian of proceeds to principal shall not extend or �.� - � �
<br /> `.,_._; :: • .-,: .. �
<br /> � nt f such paymems.
<br /> , _ . e amuu
<br /> .. �. • -.- .. - . l and 2 or chan e th . . .._
<br /> o ,
<br /> • " � . postpone the due date of the month]y payments refemed to inparagraphs S _
<br /> i a.Borro�ver Not Reteased.Forbea*ance BY�der Noi a��aiver.��tensiun of the time for payment or modif`ication
<br /> . , . a -
<br />_ • � , of amortizadon of the sums securec!by thonS�n$�ernor Bor�rowe�rbs sucAcessais n nterest.s��ler shall not be requued ta
<br /> � . �- _�_ not operate to retease the lia6ility of the g :
<br /> � � � � commence proceedings against any successar in interest or refuse to extend time for�payment ur otherwise modify amor�ation *.,: ._
<br /> 4 �. � . � . �' o f t he sums secured by this Security Instnime��t by reasan of any demand made by t�e original Borrower or Borrower's
<br /> � successors in interest.Any farbearance by I-ender in exercising any ri g h t o r r e m e d y s h a l l n o t 6 e a waiver of or preclude the �; �
<br />- . . •� �exercise of any right or remedy. �, -�e�venants and agreements of this � �
<br /> ----- 12. Successors and Asslgas Bound;Joint aad Several Liability; Co-sign .;.t. _
<br />- _'�. . ' • Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject co the provisions of , . �„�
<br /> - P�graph �7, gorrower's covenants and agreements shall be joint and several. Any Borrower who �S�t and conv�at �� � _
<br /> -'�. � ' Insuument but cloes not execute the Note: (a)is co-signing chis Security Instrument oniy to mortgas,e, g Y _ _
<br /> �.�`,
<br /> " �� � � Bonower's interest in the Properry under the terms of this Security Instrument:(b)is not personally obligated to pay�e sums . • ' �.�
<br /> '' "- ' secur e d b y t h i s S e c u r i ry I n s[r u m e n t:and(c)a grees that L.ender and any other Borrower may agree to e�tend, modify.forbear or .��;:;�% -�=:,,
<br /> '� . � temis of this Security Instrument or the Note.wi t hou t t ha t B o r r o a r e r's c o n s e n t. �.3�,. -;
<br />� � � make any acrommodations with regard to the .'' .�' .�=
<br />_ � `�•� ' �3,Logn Cha�es,lf the loan secured by this Seturity Instrument is subject to a law which sets maximum loan charges. .; �; ,.
<br /> � ,,,��. , �. .. �~.
<br />- � ^Y; . , , and chat law is finally interpreted so that the interest or other loan charges collected or to be co�lected �ntp T�ucc t�he charge � • �
<br /> � loan exceed the permittad limits•then: (a)any such loan charge shal{be reduced by the amount necessary
<br />_ ..� `
<br /> �..,�_. ,._..
<br /> � �r • to the permitted limit;and(b)any sumc already eollected from Bonower whieh exceeded permitted limi�s wil! be cefunded to �•.': '
<br /> ' ' � ��" Bonower. Leader may chaose ta make this refund by reducing the principal owed under the Note or by making a dire.�t •��., ;,:
<br />_�.' _.. • �'�; ,
<br /> � • � payment to Barrower. If a tefund reduces principal. thc reduction wil! be treated as a partial prepayment without any
<br /> - � • ' _ prepaymcnt charge underthe;Note.
<br /> • � 14.Nottces.Any notice to Bor.rower provided for in this Security Instrument shall be given by dctivering it or by maiGag
<br />- .,' � . it by first class mail unless applicable law requires use af another method. The notice shall be directed to the Property Address
<br /> _ �•'• ' • ' or any other address Borrawer designates by notece to Y.ender. Any notice to Lender shali be given by fir�t class mail to
<br /> . . � �r Lender's address stated herein or:ury other address Lender designates by notice to Borrawer. Any notice provided for in this ,
<br /> ' � � Security lnstrument shall be dcemed to have 6een given to Borrawer or Lender when given ac provided in this paragraph. • •
<br /> � ; . . 15.Goveming I.a�v: Severabllity. This Sccurity instrument shall be govemed by federal law and thc law of the
<br />- • �jurisdictian in which the Prooerty is located. in the cvent that any provision or clause of this Security lnstrument or the Note
<br /> ` � ��'' conflicts with applicable law,such conflict shall not affect ather provisions of this Security Instrument or the Note which can be
<br /> x" • . .
<br /> � ' given effect without the mnflicting provision.To this end the nrovisions of this Security Instrument and the Note:ue declared
<br />- . • to bc severable. of the Note and of this Security tnstrument.
<br />�.: •� � 16.Borro�ver's Copy.Borrower shall be given one conformed copy . •
<br /> . ��;
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