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<br /> -- .-�-n,'-;,`�.. p�ymaus mwy no lon�er be roquirod.u thc opti�M nf I.er�ier. if morlga�e inwrance�bve�e lin 1hc wn�unt arKl far the poriod
<br /> __.;����drt.i`ro Ihat[.eoder roquires)provided by�n insurcr approv��1 by Lcnder agai�becomes availablc�nd is ol+tainoJ. &�rrowcr r�hall psy
<br /> - -�--- the promiutn�roquirod lo m�nl�in mc�qga�e incururce in e�'ect,or to pmvidc a loss rescrve,until�hc royuircmeat fiu mwt��a
<br /> _- --°� inwranca ends in acconiance wi�h Any writtcn u�roenxnt bctwan Borrowcr and l.endcr or�pNc�ble law.
<br /> ==•?�a'�"r'�'�` 9•laspeetloa. Lendcr ar ita�gent may�twke reascxwble entria upan and inn�puliunc af�he Property. lxMkr slwll�ivo
<br /> �_.�µ` � ' " ,, t...�' Born►wer notice at the time of or rior to an in lon i In aasorwble cause for the in uon.
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<br /> .r.�-. !�.`'� 10. CondeanWiou.Tha p�s of any award or claim for d�nagea, diroct or consequential, in cannatik�n wHh�ny
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<br /> d�._ ... ca n d a n n a tion o r o t h er t a l c i ng of any part of the Piroperty,or for conveyance in lieu of cw�demn�ion,err herel+y in,iQned and
<br /> �,.�.___._ ttuJl6e paid to I.en�ler.
<br /> !�-R , In the event af a total Ipl:ing of tho Property.lhe pnxoods shall be applied to thc wm�r secured by this Security Ins�rument.
<br /> �'�_"�:t;;,;;w :?- whdher or not Ihen duo, with any excas paid to Borrower. In the evuN.of a p�ilal taking of the propeny in which the fair
<br /> , a�arket value of the Prope�ty immediately before the takiag is equal ta ar gn�ter than the amcwnt of the sums securcd by thii
<br /> __.`��", �..' � Security Inst�ument immodiat�ly befare the taking,unless Borrower and l.encler dhorwise og�in writing,the sums securod by
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<br /> _ `..,,�;,�,�p,�,--- this Securiry Inst�ument.shaJl be roducad by the amount of the procads multlplisd by the follawing frxtion: (al the total
<br /> -_--'s�.��.., „. amount of the sums socumd tmmediately before the wking. divided by(b) the f�i� muket value of the Pc+openy imme�diately
<br /> �'�mr`,-�r:'. S 9 P partial wlcing of the Property in which the fai�
<br /> �,,;• before the takin . M balaoce shall be aid to Borrower. !a the event of a
<br /> �� = ; market v�lue of the Propecty immediAtely beforc the wking is Iess than the arnount of tht sums sccured Immediately before the
<br /> `�-� � - taking.unless Borrower and L.ender otherwise agree ia writ�ng or unless applicable law aherwisa provides. the praceeds shall
<br /> ='='cr�=;,,�i o be applied to the sums secured by thic Saurity lnstrument whether or not the sums tue then due.
<br /> ,�.�;��o:"°"� If the Property is abandoned by Borrowa.or if,after notiee by Lender to Bomuwer that the condcmnor offerc to malce an
<br /> - �:LL-�;�.. :rt• ",.' award or settle a claim for damv�s. Bomower fails to respond ta Lender within 30 days aftcr thc datc thc naticc is givea,
<br />-:��;;,�.�,.. ° Lender is authorized to calloct end ppply the prooaeds.at its option.efther to restoratian or repair of the Property or w Ux sums
<br /> =-��'G';�.. ., : �ecured by thia Secudry U�strument,whether or nw then due.
<br /> '_:,�, ' Unless I.ender aad Borrower atherwise Agrec in writing, any application of proceeds to principal shall not eztend or
<br /> -�`�.':�.,_ .,,; . postpone the due date of the montldY Pa9�nta tefer�+ed to in
<br /> T �,� paragraphs 1 and 2 or cl�ange the amount of such payments.
<br /> 11.Borrower Nat Rde�snl;Forb�e By Lender Not a Ws�iver.Extension of the�ime fa�paymenc or modification
<br /> ,���7'� .� t".. q' of amonizatioa of the wms secured by this Security Instrument granted by Lender to any successor in intemst of Borrowcr shall
<br /> °''��M1. . � �;, aot aperate to rekase the liobilily of the original Borrower or Borrower's suaessors in intemst. Lender shall not be rcqui�ed to
<br /> .� �."' conunenee proceedings a�ainst any suoassor in interest or mfuse to estend time for payment or othenvise modify wnortization
<br /> '��., "*-" ;; of the sums securad by thir Saurily Instn�ment by m,ason of any demand made by the original Borrower or Bomower's
<br /> -'� •�! ' � sucoesso�s in iatemst.My forbearw►cc by l,ender in axercising eny right or remedy shall not be a waiver of or preclude the -
<br />.�_-,.�• � .''�L�•-,. __ exercise of anv ri�tht or remedy.
<br />- _ , - `:�— • 12. SuccessorR iutd AssiQns Buund=Join1 and Seversd l.iAbility; Co-sigpers. The covenants and agre�Knents of this
<br /> �+""� Security Instn�ment shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> �` � � ' parag�h 17. Borrower's covenanls and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> ;,;�� .���-. .
<br />_ ,;�," .,,� Instn�ment but does not exocute the Note: (a) is co-signing this Security lnstrument only to mongage, grnnt and convey that -
<br />- -�� , . Borrower's interest in the Property under the terma of this Security Instrument; (b)is not personally obligated to pay!he sums
<br />`;. 2 .� . secured by this Secu�ty Inatrumem;and(c)ngrees that Lender and any other Borrower may agree to extend,modify,forbear or
<br />-�- �,�° � , rt�ake any aaommocletions with regard to the terms of this Securiry Instniment or the Note without that Horrower's consent.
<br />_ �� •� 13.L.osn CbAtges. If the loan s�xured by this Securiry Insttument is subject to a law which sets maximum loan charges.
<br /> � • _ and that law is 8nally interpreted so that the interest or aher loan charges collected or to be collected in connection with the
<br /> . '�•� . loan exceed the permiped limits,then: (u)any such loan charge shall be reduccxl by the umou�il i�cessary�o reduce the charge
<br />:_.;� _ •;�.; � , to the permined limit;and(b) any sums alrendy rnllected from Borrower which excceded permittc;d limits wlll be refunded to
<br /> ? „' „ '� Borrower. l.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br />'��, • � payment to Borrowcr. If a refund reduces princlpal, the reduction will be treated ac a panial prepayment whhout any
<br /> `•!' • , ' prepayment charge under the Notc. _
<br /> _ • ,P �-• . 14.Notkes.Any notice to BoROwer provided for in this Security Ins�rument shall be given by delivering it or by mailing
<br /> �;• �+� it by first class mail unless applicable luw requires use of another method. The notice yhail be dimcted to the Propeny Address
<br />-�.'��15�• � `�'' or any other address Borrower designates by notice to Lender. Any notice to Lender shnll be given by first class mail to
<br /> ; '� ' I.ender's address stated hcrein or any othcr address Lender designates by notice to Barrower. Any noticc prvvided for in lhis =
<br /> `;,;:"'! ' �� . Serur�ty Instroment shall be dcemed to have been given to Borrowcr or Lendcr when given as provided in this paragraph. -
<br />- _ .;��. . „ 15. Gnvernl� Law•;Sevet�bility. This Security Instrumcnt shall be gaverned by federal law and the law of thc -
<br />_-''��- �° � jurisdiction in which the property is located. In the event that any provision or clausc of this Security Instrument or the Note -
<br /> .. �' rnnflicts with applicuble law, such con8ict shall not affect other pravisions of this Security Instrument or the Note which can be
<br /> , � 4 given effect without the confliding provision. To this end Ihe provisions of this Security lnstru►nent and the Note are declu+ed ;
<br /> . to be severable. �
<br /> ' 16.Borrower's Copy.Bnnower shull be given one conformed copy of the Note und of this Security lnstrument. ��
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