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<br /> - __i� ��aynic.hts n�ay no lnnger be tequired,nt the aption af Lc.nder. ntiortgago insuciqnce�ver o(in the r��r
<br /> -- thst l.cn+l�r raquire�)provkbd by on insuru eQprc�veG by La►der a�in bocomes avwilabl��qd is obtained.Borruwcr st4aq{�ry ti�
<br />- "���a������ prertiiums required tn maintair� mortgage insurance in cffe�t,or to provitle�loss re3ervo,undl If�e requ�tement for rtw�tgaBe
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<br /> — ==-v insw�nce e,nds in accordAnc�wf.th enY written agroetnej�t beiwea�Sornowa and I.ei��ee oe sy.�lic..a�,.L.�. ���8tve =_
<br /> - :���:�= 9.Inspecibn. Lcndcr or iE�agent rtu�y rnalce reasonabk cnuie.�upcm ond inspoctbny o4'the PropatY• _
<br />.�-:�� Borrower noti�c at the dme of ar prior to an inspxtion specity�ng rc,a�nabk cause for tho insPccteon. �_:
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<br /> _-_:,�.;,; 10.C�demnatiun. 'tl�a procads of r�ny award or eWm for dama�es� diroct os conso4uential.in connxtion with any -
<br />-- conc3emnatlan or othu taldng�f eny part of tho Pmpeny�a for co�nveyance in Iku of wndemnadom�are hr,reby assignad and E��-�-.-
<br />--=`��' :;,r��':�:" shall be p�id t�o I.endu. �'�-
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<br /> - ,r.. � In�he event af e tota�taking of�he Property.the praaxds sha(1 6o appliod w t�suns securd by this Se.�urity Insm�mecit, �:`?'---
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<br />--.-�;t,L£;.��., m which dk feir marica _.
<br /> --�_� ,�� whether or not then due,wiSh any excess paid to Boirowtr.In thc event of a{�aetial taking uf the Propaty�
<br />�t"Y':�`.,� ,�� � velue of thc Pmperty immodL•i3ely before ihe talcing is cqual co or greater than she simount of tha sums sccured by this Sccurity �,
<br />'-'�'r�';,�•'�.�' Insuument immaliately before ihe takiui8, ur.less Borrower tu�d Lender othuv+ise c�gnxs in wridng,�he sums secured by this �
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<br />.- "��` ' Sacurity Insuumcnt shaU be reduced by the wnount of the pcnceecls mWdplied tsy the fallawing fracd�n:(a)the total a�wunt of �-��.�,
<br /> ...�;,�i,w',''' <" the sums sxuctd immaliately before�he taking.divided bY(b) th:,fair madcet value of�he Psaperty immedlately befoco tho n�-.-,.
<br /> '. •.'i" '_ ta'�,�g.As-�y��sha!!ltr p�{d to Bosrowe�r.in Ihc event af a paitlal taicinA of the PtoPatY In whieh tha fait madcet valtte of the �.__
<br /> ''y'�"`'1.' � ' F'aop�xty Lumedlatcly beforc thc taking is less than the omaunt of the sums secured immcciiately before the taking�unless ���:.»
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<br /> °�>��r,�"�;��, Bonowrr and Lender othe�wise egrce in wrlting or unless epplicable law othetwise Provides.the procecds shall be appli�Q to the �
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<br />•---. . w.. e sums are U�en due. ��'- �
<br /> . .�, ... ,.,., suns sr,tc:nd by thls Scxiuity Insmsment�rhetttcx or not th
<br />'-��;�;F%�:::;�. If the Property is abandoned by Bonower.or if,after notice by I.endu to Borrower that the conde�unor offers W mzlce an � �:__
<br />' ��'` �' nward or seuie a claim f�r damages.Borrowei fails to respond to Lender within 30 days after tha date the nodce is givEn.I.endu
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<br />"`+.-'����'; is authorized ta collect and apply the proceeds,ut its opdon,either to restoradon or repair of thc Pcoperty or ta the suirs secured -
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<br />-_ ..• .-��+,�-'..;. by thas Se�:nrity Tnsm�meitt,whether or not 1het�due. ��»`;•
<br /> � ��� Uakss I+ender and Borrowci othetwise agree�n writin8.�Y aPPllcadon of proceeds to principal shall not eatend or postp�na .:;,;
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<br /> the due date of the monthly payments refeaed to�►paragraphs 1 nnd 2 or chnnge the amount of such payments. :;;�_
<br /> - 11.Bormwer Not ReleaSed;Forbearsnce By Lend(er Not st Wa(ver. Extension af tha time for payment or modification ,,.4.,_
<br /> ' �` af��;,,,ai��f thr_.cnmc secwrd by this SeCUritY I�ts�ttme�lt greniCCl by I.endc,�to euy sucee.�,so[iit'itsic�est of Bo[ruwl't shall �
<br /> . . �; -
<br /> ° not aper�le ta rclease 1he Liabtlity of the original Borrower or Honower's successots ia int,eres�Len�er shait�noi be c�yu+rcu i� � ""'-
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<br /> • . s'r. commence proceedings afi�inst eny success�r in interest or refuse to eatend time for payment or otherwise modifY amoni7ation of �,,,�
<br /> : the sams secured by thi.q��curity Ins�ument bY reason of a��y demand made by ih�original BoTrower or Borrower's saccessors �_�'�
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<br /> - `� in enterest My forbr�unnce by Lende�in exercising any riBht or manedy shall nnt�Se a waiver of or precluc}�the exercise of any r.;;--_
<br /> "���;...:';i:., .� right ot rcmedy.
<br />'y a,a�': •:•,-,,' '� 12.Suocessors And Assigas Bound;Joint and Severnl Lda6ility;Co•si�nera. The caver�unts �+nd ugteementa of thfs ,,�`
<br />'��`'�'`''"'" � � ' Securily Inswment shall b[nd end be�nefit the successoi's and assigns of Ler�der and Borrowet� subject t�the provislons of 1
<br /> �q,�,,,.,,r,:i„�., para�uph 17. Bocrower's covenants and a�reements shall be joint and severu9. My Borrower who en-signs this Security -t=
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<br /> Instrument but does not eaecute the Nou;: (a)is co-signing this Security Instrument only to mortgage�,gr�1 and wnvey t2�at ..,,,
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<br /> �onower's inuxesc in the Pmpucy under the terms of this Security Instcuument;(b)is not personally obIIgated w pay thr, sums ,
<br /> � � secured 3�iy this Sccurity Instiuumen�and(c)agrces that Lender and any other Borrower may agrce to cxtend,marlify,forbeur or
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<br /> �'-°K���'' �'� mate any accommada8ons wid�regard to the terms of this Security[nstrument or the AIote without t}�at Bocrower's consenG ;
<br />-�",;:.._' ,`.• �" 13,�.oan Charge�. I�f the loan secured by this Security Instrument is subject to a law which sets mauimum loan chacges. .
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<br /> :T..: .� and that law is finally i�Ta�r�prcted so t1►at the interest or othcr loau ctwrges collected or to bc collected in conns�cdan with the loan .,
<br />.:-;�:.:-�.;,.-�',� ' eaceed t�e Qermiued limits,then:(a)any snch loan charge shall 6e reduced by the amount nxessary�to reduce the charge to the .
<br />� �. ' pecmiaed limit;and(b)aay sums alre�ldy collected from Borrower which eacceeded permittecl Girnits will be refunded to Bomower.
<br />� - Lender may choose to maka this refLnd by reducing the principal owed undee ihe Note or�y making a du II��Pc�mcharge ��
<br /> _. Borcower.If a refund r�duces prnncipal,the reducaon will bc ueated as a pa:tial pcepayment without anY P�P Y�r� .
<br /> . �s �y, , under ttne Notc.
<br /> :;.� . �; 14.Notices. My notice to�anoweic provided for in this 5ecuriry Instcument shall be given by dclivering ic or by mailing{t
<br /> - „ °... . :: by�irst class mail unless applicable I�w requires u:�:of another mest►od.The nodce shnll be ciirected to the Properly Addnss or
<br /> ` � �� , any othes eddress Bonmwer dP,signutes by nodce to Lender.Aery nodce to Lender shall be gie+.r.n by first class mail to Lender's
<br /> �•• • address stated herein a�any other address i.�ender d�signates by netice to Boirower. Any notice provided for in this Security
<br /> � a Instrument shall t�e deemcd w have boen givcn to Barrowec or Lender whea given ax provided in this parag�aph•
<br /> :? . 15.Govern[ng Law�Severabi�ty. 'Iliis Secmrfty Instmment shall be govcmetl by federal luw and the law of the �
<br /> „ � � •ri� juri,;dicdqn in which the Propeny is located.In the event that any provision or clause af thi.g Security lnsuument or the Note
<br /> .. ` conflicts with applicable law,such conilict shall not affect othec pnc�visions of this Security Insuument or the Noto which cac�be i�
<br /> ,,�; „:� . given effect without lhe cnntlictinng provision.To this end the provisions of lhis Security Insuument aad the Note are declamd to �
<br /> I
<br /> . i�e scvesable.
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<br /> , . ::,� �, Form 3J28 81A0 �
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