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<br /> '-�.'''��:`. .. � poyment�may no longar bc reqnlred,at the option of L.endel�lf mortgago insurance covcmgo(in the amount and for the period
<br /> -' • d�at Lender rc.��Ues)pravidcA by un insurer o�ppiovcd by l.ender agn�n bcc�mes avuilablc nnd is obtained.8orrnwzr sha11 pay tha �, . � � '''
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<br />_: r.�,.:, .,•:°�! ptcmlums required to maintein mo�7gego irtRUranca in effect,or W provldo a loss reserve. until ti�a requue�ent Ca7 n�artpa�c �;
<br /> -- � insuranca cnds in�ccordanco with uay written aareGment betwan Borrowu and Lcr,dcl ar epplkab3e law. _.�,r,.
<br />-�- " ,_,,: 9.Iaspection. Leatdu or its ugent muy►naka teasonable e��ttles upon end inspecdons of tho Pcopecty.Lender shall givo ;•
<br /> �4'''.-�-�'�" Borrower�odcs st thc time of or prtor to an inisPcct�on specityln6 reasonabk cause for the insj►ocdon.
<br /> � � t� ,•'"'`"�"' !0.Coademnatbn. The proceeds of any awcud or clalm for da�t�ages, dirc�t or consequendal. in cannecUan with any
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<br /> - conde�cumiion or other taklnR of eny part of the Pcoperty.or for conveystnce in licu of condemnation.are hereby essigned and
<br /> shall bc paid to Lender. � .
<br /> In the event af a total taldng of the Property�tha proceeds sball be epplied w the sums securul by this Sec�uity Inswment, � �,;;"..f
<br /> whcthcr or not then due.with eny cxccss pald to Horro�vcr.In the cvcntof u p��rdal talctng of the Prope�ty In whk:h the fair mazkct �`:, ;.,_
<br />-� .,. r�luc of the Ptoputy immc�diately before the tnking is oqual to or greater t!�thc amount of the sums secured by tlds Security ,_�,,;^ . .� �,�.�t;_.._'
<br /> -- -- �. Instrumcnl immedlauly beforn tha taking, unlcss Bocmwer ancl Lender otherwLse agroa in wridng. the sums sccurai by thfs ., , t :•_,:;.�
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<br /> -- � ' Sec�ulry Inswment shall be reducecl by�he amount of the proceeds multiplkd by Ihe following frnetion:(a)the rotel umaunt of '-��-_� -
<br /> ,st � the su;ns sccnr:d immedLZtely lrfore the t�4cing, diviclr,�l by(b)the teir marlcet value of the Propeaty immedintely bcfore the � 3--�=--
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<br />�` � tak}ng,pny batance shall!�e p�id to Bo�rowcr.In the evcnt of a�Sartial mkinS of the Property in which¢ho fnir m�rkct value of the �`�:_
<br />�-«' Froper�y immr,djately beforc u�c taking is less �hv. the m,�unt of ihe sums sccured immediately l�efore thc caldng, unle.c� _—
<br /> - . . Bom�wer and Lec►der othenvise agr'ee in writinB or unle.cs a�plicable law otherwise provides,the proceeds shall be ug[,iied W the �'�� f--
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<br />�-=� sunis secured by this Sc:curiry Instrument whethe�or not the siuns ere ihen due. ='-
<br />-"�'�� , . If the Propecty Is abaztdoned by Borrowcr.or ff.eftcr noGce by Lender to Barrower that the wndemnor oSfers to make an �:.��-=.,�r--
<br /> - award or stttle a claum for clumages�Horrowcr fails to respond to Lender within 30 daya efter the date tha�otke is B�ven,�d� " _
<br /> -- � :°;= is authori�.td w col1ect and apply t�►e proceeds,at its opdon,either to restoradon or repair of the Property or W the sum9 secured �,�,.
<br /> `� '� by this So�urir�Instrument,whether or not then due. '°"'��
<br />_' " .,� Unless Lender end Domnwer oth�erwise agree in wridng,any aPPlka�ion of ptoceeds to principal shalt not eutend oY po.aqnone -
<br />-- _, F the due dau of the monttilly paymernts rcfeircd to in pareBraFhs 1 and 2 or Ghange the emount of siach payments. — _
<br />- � �� a��.�.�_.NQt g.t�A..1;F'�r6earance Sp Lender Not a Wwiver. Satansion of tha dme for peyment or modif"kation —
<br /> = � .:, af omo¢tlzution of the swns secured by this Security Instnunent grented by Lenda w any successor in intaract of DoRawa sn�ti
<br />_ �=� ., . not o�erate to releaSe!h�liabiliry of the original Borrow�r or Horrowu's successors in interest.Lender shall noi be mquirod lu
<br /> .;� commence procoedings against any suGCCSSOr in ince,rest or refusa w eat�nd time fur payment or otherwise modify Arnarti��on of -_
<br /> � the sums secured by this Securiry Instnuncnt by.reason of any demand rtiade by ihe original Bonowcr or Hcnrowcr's successors ___ _
<br /> __ ' . i�e intcres�Any forixarance by Lendra�in exarc�sing any right ur rcmedy st�all not be a waiver of or prExiu3e the axcrcise of any =---�_�,�:
<br /> right or remody. , �-
<br /> - 12.5uccessors and Assiga7 Bound;Joint Rnd Sevcral L[s�bOfty;Co-signere. Tite covcnants and u�eemcnis of thLv ;',,��`
<br /> � Security Insorumci►c shall bind nnd benefit tho successors nnd nssigns of Lender and Borcower, subjact co the �rovL�lons of t�
<br />- pa�ph 17. Borrower's covcnants and t�reements sbn11 be jaint and several. Any Borcowet who r,o•sigins this Security -
<br /> - Instcument but daes not execute thu Note: (�)is co-signing this Sec�uity Instiument only w mortgage,grsnt and convey that
<br /> Socrower's interest in [ha Pmpercy under the terms of this Sec�uity Insuumen�(b)is not person�lly obGP,�ted to L�ay tha sams �..E-- —
<br /> �� � " s�,�ured by this Security Instrument;ond(c)egi�ees thnt Lcndcr and ony other Borrower may agrce to eatu�d.modify,forbear or . .� �
<br />-.- make any accommndations���ith regflid ro the trrma of this Security Insuument or the Note without that Boteower's consent � �:���.��
<br /> - 13.Loan Chxrges. If the loan sec;ured by this Securiry Inscrument is s�ibJect to a law which sets mauirnum loan cfiuges. _-;;,q�;�__a��
<br /> _- �'• :;,' and that law is Gnally inte,cpreted so that thL interest oP other loan charges collected or to be c�llocted in connection with the loen ;�l�a� ��
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<br />+- , ."'.,: exceed the Fetmitted limits,then:(a)any si�e9�loan charge shall be reduced by the amount noce.� 7o teduce the charge to the .:��- ,
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<br /> -- .�,,.,. � pcanritted limit;and(b)eny sur:r�s tilre,�dy colleceed frnm Bo�rower�vhich excecded petmitted limits will bts refundod to Sorrower. _
<br /> - Lender may choose to make thls rcfund by reducing tt�e principal owed und�er the Nou or by ma{cing a dircet paymeM co ��.,�,�!."��
<br /> - :��F'�', Bocrower. If a refund reduces principal,tf�e aeducdon will be treated as a pardal prepayment wld�out any prepaymtm charge ..'. x. xf`Y`s"'
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<br />-,� �•���''� 14.Notkes. Any nouce w Borrower�rovided for in this Securiry Instwnent shall be given by tlelivering it or by mailsng it ,.' ;�:;��?��--
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<br />�, . �_,,.. � by First cL3ss mail unless appllcable law requires use of another method.The nodce shal!bc dircxttxl w the 1'roperty Address or
<br /> �';?� � flny other eddress Dorrower deslgnnt�s by nodce to Lender.Any nodce to L,ender shall be given by Cust class mail to Lender's ,
<br />�.� � � .;,,�, address stntod herein or nny other eddress L.euder designates by notice W Borrower. Any notice provided for�� �his Security , ;
<br /> •��••. Instcumcnt shall bo decmcd co have 6een gi�cn to Bonower or Lcndcr when givcn as providcd in this paraqraPh. ;;�,�
<br />� � � ���;"'� 15.Governing Law;Severabi6ty. This Soctvity Instrument shall bc govemed by federal law and thc law of the
<br />--- � :•�� • jurisdicaon in which the Pnn�erty is locat,ed. In the event that w►y p�nvLion or clause of this Securiry Insmiment or the Note �
<br />=� ` ' ` ' � conflicts with applicablc law,such conflict shall not affcct otlecr provisians of this Sac�iry Instnunent or thc Note which cun bc �'��•
<br /> _ � i,�. given effect wlthout tho conflicting provision.To U�is end tho provisions of this Securiry Inswment and the IVoto are declaced to I
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