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<br /> : '�� ,.,;� , . ; 95- �.0��26 ` � -
<br /> �`:i; �:,rt=���� Q � at the aption of Lendar, if martgaga ineurance coverage (in the amount and for the period thut I.ender requires) ; t
<br /> - — provided by an insurer approved by I.ender egsin becames available and ie abtainerl.13orrower ehull pay the�ramiume � o-�
<br />� r.� ' required to maintain mortgage inaurance in effect,or to pravidp e loss reserve, until tha requirament Por mortgaga -
<br /> �' -•-` insurence ends in accardance with nny written a�reement bet�veen Borrower nnd Lender ar applicable law. ��
<br /> ,.•�a�+'Y7i 9.Iaspection.Lender or ite agent may make reasoneble entries upon and inspections of the Ptaperty.Lender ehaU ''
<br /> ' '�'•'" •• ""'" give Borro�ver notice at the time of or prior to an inspection specifying reasonnble cuuse for tlie inapectian. � r
<br /> � ' �, 10. Condemn�tion.The praceede of any award er claim for demages,direct or consequential,in connection Nith •
<br /> any condemnation or other taking of any part of the Property,or Por conveynnce in lieu of condemnation,aro hereby
<br /> - assigned and shall be paid to Lender.
<br /> ' In the event of a totul wking o4 the Property, the proceeds shall be applied to the sums secured by thes Security ,
<br /> Inatrument,whether or not then due,�vith any excess paid ta Borcower.In the event of a partial ta}cing of the Property in • .
<br /> � which the fair market value of the I"roperty immediately before the taking ia equal to or greater than t}te amount of the • ,
<br /> �',: sums secured by this Security Instrument immediately before the taking,unless Borro�ver and Lender otherwise egree ,__
<br /> � in writing,the sums secured by this Security lnstrument ehall be reduced by the nmount of ihe proce��d� multiplied by I .�;� •
<br /> � .. . .. .�!�w'y_
<br /> � • the following fraction:(a)tha tatal amount of the sums secured immediately before the taking,divided by (b)the fair
<br /> � markat value of the Property immediately before the taking. Any balance shap be paid to Bflrro�var. In the event of a • '�'��`��•'.
<br /> _' .� partial taking of the Property in which tAe fair merket value of the Property immedintely beFore th�tnkrng is less than '�, � :,
<br /> the amount of the sums secured immediat�ly�fore!he tekin�,�mlass Borrower and Lender otherwise oQree in writing "� :�,f:1:�.
<br /> �� . or unless applicable law otherwise provides, the proceeds shall be applied to tho sums secured by this 5ecurity �'
<br /> -� � Inatrument whether or not the sume are then due. .: .> �`:`}c' ``'}"`.
<br /> �. . . f4. •a.+�.---
<br /> If the Property is abandoned by Bonower, or if,after notice by I.ender to Borrower that the ca�na�cnnor offers ta j,: .;�.,�,_w��=_
<br /> -• ,•:�. meke an award or settle a claim for damages, Borrorver fails to respond to Lender�vithin 30 day� after the date the �1�� •�� '_' �:
<br /> WJ ��I�
<br /> ;i� notice is given.Lender is authorized to collect and apply the proce�s,at its option,either to restorution or repair of thE � �
<br /> . Property or to the suma secured by this Security Instrument,whether or not then due. r�� '
<br /> Unless Lender end Borrotiver ot.herwisa egree in writing,nny application of proceeds to principal st�ll not extend or ,r'. ���
<br /> • postpone the due date of the monthly payments referred to in paragraphs 1 and Z or chango the ar.�nount or sucn •�.;
<br /> , � payments. ,
<br /> • 11. Borrower Not Released; Forbearance By Lendor Nos a Naiver. Extension of tho time fc�r payment or �� '".
<br />' modification of amortization of the sums secured by this Security Instrument granted by L.ender ta any successar in . ';;`;�"`
<br /> interest nf Borrower ahall not operate to release the liability of the originnl Horrower or $orrawcr's suscessors in ':;.�;"t;,
<br /> � interest. Lender shall not be required to commence proceedings aguinst any successor in interu�t or rofusa to ex4end ;f,�s;�,;
<br /> time for payment or othernise modify amortization of the aums secured by this Security Instrument by reasan of any .��;;�r�:
<br /> ' . " demand made by the original Bonower or Borrower's successors in interest.Any farbearance by I.�ndcr in exercising �,.
<br /> " � any right or remedy shall not be a waiver of or preclude the exercise o4 any right or remedy. � � �
<br /> 12. Successors and Assigns Baund;Joint and Several Liability;Co-signers. The covenan8s and agreemer.4s "`'''�
<br /> �.-�4�E�:. .�
<br /> � of thie Security Instrument shull bind and benefit the succ�ssors and assigns of Lender and l�orra�ver, subject to the '�;�.:�„ ?^�j�
<br /> �� provisions of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Bormv�er Nho co-signs �•�'•���� ��
<br /> .«:'ah�
<br /> this Security instrument but does not execute the Note: (a) ie co-signing this Security Instrument onl}•to mortgage, _ ---
<br /> •- grant and convey that Borrower's interest in the Property under the terme of this Security Inotruvnent; (b) ie not -
<br /> � �...�.--.
<br /> � ' � personally obligated to pay the sums secured by this Security Instrument;and (c) agrecs that I.�nder and any other . 6;�l'''
<br /> .��s�.=_
<br /> � � Bonower may ogree to extend.modify,Porbear or mnke any accommodationa�vith regard to th�tecn�,s o4 this Security . =n i
<br /> � Instrument or the Note nrithout that Bono�ver's consent. ' �'�
<br /> - Loan Char os. If the loan secured b this S�curity Instrument is suUject to n law which suts mnximum loan � �'�f
<br /> .. � . 13. g Y ;:: :;�;W.�,��._
<br /> churges, and that law is finully interpreted so that the interest or other loan charges coUected or to be collected in y;y�,��,r;
<br /> �.� connection Ncth the loan exceed the permitted limits, then: (a) any such loan churge shall �o reduced by the amount • : ..?���rrs�
<br /> _ ,.�;,,� �"� necessary to reduce the charge to the permitted limit; and (b� any sums already collectud frorn Dorrower wiiicl� • -
<br /> . esceeded permitted limits will be refunded to Bonower. Lender may choose to makc this rofund by reducing tha "� `^ .
<br /> „ � principal owed under the Note or bp making a direct payment to Borro�ver.If n refund redua;s principal,the reduction �T�Y�.i'•
<br /> , will be treated as a partial prepayment�vithout any prepayment chnrge under the Note, , -
<br /> 14. Notices. Any notice to Borrower provided for in thia Security Instrument ehall bo given by delivering it or by
<br /> "' , mailing it by first class mail unless applicable law requires use of another method.The notice shull lx:directed to tha .
<br /> , Property Address or any other address Bonower designntes by notice to Lender.Any notice to Letidc:r shall be given by .
<br /> first class mail to Lender's address etated herein or nny other�ddress I,ender designutes by notice to Aorro�ver. Any �•;;•:.; „
<br />- � notice provided for in this Sec:urity Instrument shall be deemed to have been�iven to�orrocvec or I,euder�vhen given � >
<br />- • • ',;,, as provided in this paragraph.
<br />- • � .��1��� I5. Go�¢rning La�v; Scverability. This Security Instrument shnll be governed by federul lnw anci tl�e law of the �
<br /> ' jurisdiction in Hhich the Property is located.In the event that any provision or clause of thie 5ecurity Instrument or the ,
<br /> •� 1Voae conPticts Nith applicnble law,such conflict shall not affect other provisions of this Security In�trumet�t or the Note �
<br /> � �•_?. w}�nch can be given effect without thes conflicting prodssion.To this end the provisiona of this Security Instrument and
<br /> ,�� tha Note are declared to be severnble. �� -' -
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