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<br /> , .;`; . . ' . F�Y���Y no ionger be ieqnir�;at the aption of Ixader,ilF inartgage insurance wverage{in tRe amount and for the periad � . ,�_
<br /> .,-�r_ , that Ltadez c�.�es)pmvi �3+ PaY __. ,
<br /> . ., =F, i deQ au Iasu►e�r��d hy I�agaln he�mes availaDle 2+a4 is obtained.Bomnwer shall � --�------. .
<br /> . . . . � tne premiums�aired to mainiain rnflagage insurance ln effea,or w pmvide a Iass resetve.until tIIe requi:ement for zuoicP,a'ge i'' �. . . .
<br />_ ��• .. . i � insuranoe mds in acaor�anse with a�r cvriuen agreem�nt t�twoca Bo:roerer and L�des ot applicab2e 1aar. . 1. . ' �
<br /> _ � . : 9.Laspeetlfla.lxader or i�s ageat may ma�e reasonab2e enuie�npan and iaspecdons of t�s Property.l�endEr sball give � . - ....
<br /> 4' ,. � Botrower aotiee at ths time of or prinr to an in�ian specifyiag t�sonable cause€or the iaspociion. . � -- .----.- - ,
<br /> speci yi
<br />� 10.C�tion. '!he gmc�ds of a�t awani or claim for damages.dire�x or cansequearial.ia wnneaion arith any � . . . . . .
<br /> � oondemnatian or othsr tatdng of a�r patt bf the Pmperty.oT fac eoaveyaIIOe iII li�l of �1�*!!"arroD,2tL W:[eby as�Ig�Gea m�d �. ' . , �. .. "
<br /> " � sha116e paid m Lender. ( ' .
<br /> thC I�S S�I 6C 3��t0 tliC SIlmS SOC11IEd�Y t�S�IILI�t inctmment, !. � .. .
<br /> In the event of a totat taldng of the Pmperty, p ;• ° ; �
<br /> • whsther or not then due,wit�any exeess paid to Boicower.Ia t�e e�►ent of a�sitial talcin8 of ths Pcoperty+in wtnch the fair , ,
<br /> ' msrYet value Pf thc pc�openy i�telY befare the taYing is equal to o:gcearer tliaa the amount of the sams se�.�by this � . - <
<br /> . � � � ��ty�immrdiarPty befon the taldng,unless Boirawer and Ieuder otheta►ise agree in wtitFng,the sums se�ced by
<br /> . tbis�CUrit}r 1as�t sLall be reduoed by the a�mt of the proeeeds multiplled b3►the follawing fiaction: (a)the wtal � � , . .
<br /> _ ` � . amu�t of the sums seaued im�ia�iY 6efore the taYinB,divided 8Y(b)the fais market valne of the Pmperty immediaz�Iy ` -
<br /> erty
<br /> --- � before the.t�Icing. A�►bal,aace sball be paid to Bo�wer. Ia the event of a pazaal taYing of tbe Fmperty ia which the fair � .- . � : .
<br /> • ._ _.
<br /> r , .,� . . � . . ----..----.-ma�ctwalueo�iltePi+�eriy�iatelYbefoie�heta�ng-is-tesg-thaa�the��o�mt-ofthe-sumssae�md-immedialelY�be€oresLe.. -. -�- -.. .----_.. •.
<br /> ! �
<br />' taidn8.uates9 Bomower�d I�ender aihetwLse a�ee in wrlung or unl�applicable law otheivvise prov'sdes.the pmoee�s shall ,. .�
<br /> e � , . . . . �..
<br /> � . . � he applied to the sams sgaued by this Seauiry Inso�i arhether or not the sums�e then due. . . '. ,.;i_;_
<br /> If the Fmpecty is abandoaed by Bo�wer,or if,aRer notice hy Lender to Boicower tbat the oonde�or offers to make an f. ,'=-
<br /> ._ . � . . - _._ award or seate a claim for damag�s.Homower faits to.r�spond to I�acter arithin 3D days aftec the date t he natice is given, . -=���.
<br />- �. � Leader is anthori�d to colbect aad apply the pmceeds.at its option,either to tesmration or repair of the Property or m the sums � � '
<br /> s�ued by this Secuiity Iasunment.whether or nnt tl�n due. . . � `,
<br /> . Unle�I.ender aad Boaower otherarise agcee in writing, anl►aFPlicazioa of psoceeds to priacipal si�all not exteBd or . . . .
<br /> :. ' Postp�ne the dne date of the month�l►FaYments zefe�d to in paiagraphs 1 aad 2 or cLange tIie am�ouat of s u c h payments. � . . • __ ' • _.
<br /> ' 11.Horruwer Not Rrls�sed;Forbe�ranae By Lender Not a Waiver.Bxtension of the time for payment or modification : '`�
<br />� • , of amo�osz of the sums seaued by thfs Seauiry lnstmment granted bY L�ender to a�r s��croessor in inteiest of Borrower s�all _.
<br /> o. .:� .'
<br />- . ' .. not opetatc w:elease tIIe liabiln'y of the original Boirower or Bonower's s�mia in intet�est.lrender sHall not be required to • _ ;
<br /> . �. � . ��P��BS���Y suocessor in m�t or refuse to exteud time for payment or othenvise modify amorttratian . • '•-���
<br /> . of the snma�by tbia Sec�icy Insaumeut bY reason of any demanrl made by tL� ariginal Bozrower or Sormwe�s � ..-.---.---.:_{:, ,{
<br /> J , . • suocessots in interest. Ac►Y forbea�anoe by l�endec in exercising a�►right or reaQedy sball aot be a waiver of or pmclude the ' ;; '
<br /> �_�� �. � ' exencise of an ri or � � � .
<br /> Y 8� �Y• ' .�.
<br />=�'�� lE. S�s an� Ass-tgng Bo�d;doint ead Sevsal Idability;Co�sfgnPls.The oovenants and agceements of this � .4,,`
<br /> } Secnriry Instramcat shaU bimd and beaefit tlte suocessois and assigas of lender aad Bormwer. subject to the pmvisions of � .. . . ` ',;;-,'
<br /> p�B�Ph 17. Bon»wer's covwants and agreem�ntts shall be joint and several. llay Banower who co-signs this S�urtty , . ` �'�
<br />=�� ' . :' � ,� agrcem s
<br /> �: .. .
<br /> `'r Insuument but does not execute the Note: (a)is co-signing this Security Iasm�ment o�l y to mortgage.grana and canvcy tbat
<br /> °� ' ' � •:':�;� Bo�mwer's interest in the Propeny andea the terms of this Securiry Ins�ent;(b)is not pezsonalIy obligated to pay the sums _ . � .
<br /> r �` �d by this Security inswme��;and(cD a8�that lcnder and any other Bomower may agtee to extend.madifj+,•forbear or ; : � ,
<br /> _��,. _
<br />' , �.. mabe aay aooammadations with zegazd to the te�s of this Ser�uity In4aument or the Note arithout that Eonawer's coasent. . '
<br />-:� . I uument
<br /> .�y; 13.Laan Chaeges.If the ioan secvred by this Secnriry Insuuu�eent is su6jecc to a laa which seta maximum toaa ehazges, � . . .�.�.
<br /> • aad that law is finallY intetPieted so Wat the intenst or other Ioan cbarges aollecxed or to be colIeaed in connection with the { ,: . .
<br /> .. � • ; 2u�eaooed the permitted limits,then: (a)anY sacb loan charge shall be reduoed Dy the amaunt aeoessary to teduce the ebarge � � �
<br /> ._ ' ,� w tLe pamitted llmit:aad(b)anY sums a1�adY wlIeaed from Borrower which exoeeded permitted limits will be refunded to !
<br /> . - Bo�ower. L�der may choose to uEake tl�is refumd by �educing t�e prIncipal owed�der the Note or by maYiag a di�ect I
<br />-- • : . ' payment to Borcawer. If a :efuad redaces pr�cipal, the reduexion will be tceated as a partial prepayment withaat a�► � .. .
<br />� P�PaYment ctiazge�mder the Diota ! . •
<br />-} ' �. � " 14.Noti�.Any narice to Borrower pmvided for in this Securiry tn iment�]be�jYCfl b}I dCI�YBt�lt O!13j/ID31�IDg � •. ' �•
<br /> � it by fust class mail imlesq appitcabl�taw req�ims�se of another methad.'ihe norlre sbaU be dir�ted to the Properry Ad&ess i .
<br />-�_' or auy ot�er address Barmwer desigaates by aottce to l�eader. l�ny aotice to laader shall be given by first class mail to t
<br /> �` . Lender's addnss stated henin or any other addnsg Latder decigaates by aotice to Bosower. Anyr noace provided for in this � . .
<br />-`��. ��'. � � Secmity Insuumeat&hall be dees�d to have beea�given to Eamnwer or Leader when given as pmvided In this paragtapL. . � . .
<br /> � IS.Gflve�ntng Ilaw; Seve�bflIty. '1�3s Securit3► Instcument sha11 be gm►emed D3► federal iaw and the law of the i .
<br /> '` jwisdi�tion 9n whic�the Property is lacatad.In t�e event that anY provlsion or clause of this Security rn�n„me±+t or the Note F ' .
<br />��`l'� . 'cabie Iaw sueh oonflicx shall am affe�other provisions of thts Secutity Insuument or the Note which can be �
<br />���... . � ,
<br /> oonflkis with�pi�
<br /> -a� �� :�f , given effoct aritdaut the oonflieting prnvlsion.To tLis ettd t�e provisians of tbis Securiry Inst:ument and the Note are declazed �
<br /> ��::.._. _� • ; .
<br /> �, ; *"�`;� .1 to be severab2e. .
<br />�� � �'� . � 16.Borrn�s Copry.Bairower shall 6e�iv�one aonforme�aopy of the Note aad of this Secutiry insttumeat. ; ' .
<br />-.�.�`-'. . . . Farm 8028 190 i .. .
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