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<br /> payments may no longer De r�quir.d.at the epti�n of L.ender.if mortgage insuranse cove�ra e(in the��od`n��b�the period ���.
<br /> • th33 Lender ceqaires) provide�by nn insn�epproved by Lender again becomes available and is obtainod. Berrower s[uill pay
<br /> the pr�miums requirec3 to maintaim m�rt�age iasarance i�effecx.or to provide a Ipss reserve.until the reqs�irement for martgage --_
<br />'`-�F�-_ iossfansa�eeds in acoQSdance with any written agneQment bera+een Borrotiver und L.end�r or appticable la�v. �-:
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<br /> � ' 9.Inspection.�.ender or its agent may make reasontr4ste envies upon and inspectio.�s of the Property. Lertder strall give ��":_
<br /> Bornower aotice ai the ame of or prior to as�insp�ction syecifyin�rrasonable cause for the inspection• �
<br /> Y0. Conde�matSfln.The pzoseeds of any award or cEaim for damages, direct or cansequential, in eonnection with any
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<br /> �•� mndemnarion or other taking of any pait of the �roperty,or for conveyance in liea of condemnation,are hereby assigned and _
<br /> . shall be paid to Lendea. �.
<br /> : In the event af a total talcing of th�z Praperty,the prac�ds shall be applied to the sums secured by this Securiry Instrum�nt. �_
<br /> ��� whether or not then due,with any excess paid co Borrower. In the event of a partial caking of the Property in whicfi ti� fair ,�
<br /> market vaIue of the F�roperty imrned'satetY 6efar ahc t�cin8 is e�ual t�°t�Qr t h a n t he amaunt o f t h e sums secu r e d b y t h i s :__"
<br /> .,„ , geturi,ty Instrument iiaunediately before the t3kin�,unless Borrower and I.ender othervrise agres in writing,the s�ms secvred by ___
<br /> this Security Inshv�ent sball be red►la� by the amanmt of the proceads mulaplied by the followiug fracsioa: (a) the total __
<br /> hv
<br /> ' acRannt of the sums s�ecured immediately befare the taking, divided by(b)the fair market valu�of the Property immediai2ly ---
<br /> . _, before the taking. Arsy balar.ce sball be paid to Borrawer. In the event of a partial tatdng of the Froperty in vrhich the fair ���'-
<br /> market value of ths C�operty i��liately before the ta� is less than the amount of the sums seaued immediately before the —_-
<br /> tal�ng. unless�or:�x+�and Lender atherwi��in writing or uniess applicable law athenvise pravidea.the proceeds shall Y
<br /> be applied to the swns secured by this S«urir��'v.-�tNment whether or aot the sums are then due. '�''
<br /> ,' • If the Property is abandnaett by Boaow�,vr if,after n.n6ce by L.endcr to Borrower that the oondemr:or offers W make an =='
<br /> � award or settte a claium for ? �;es. Borrower fails.y�'-.d to 1-ender within 30 days after the date the rtotice is g'sven. —,
<br /> . Lender is autitcrized w collec�.�..�3 apply she proc�eds. a2 iiu-�°�nn,either to restorar.+s�vr.repair of the Property c*r rn the sutns ;�_--
<br /> �. secured 6y this��.�:.�-�.y I�t-::�ent,whether or noi then�. ,-
<br /> ,;� .` U=I� �er-a�.Hc�:ower ot�erwise agree i� •rr 'n�, anY �PPlie:3ion of�r�c�eds to pr��.:Z �ii�l �a:zxteeuB cr ---
<br /> � t' pa.��a�a z3e due da�of the•�,.-�ly payments referrr� to;r r��ap�s is�2 or change the amot.^.t��t,.�1?�-����s• _
<br /> �4.Bosrower 14�ot Re��Fo�ht�ranse Bp I.��'t�Ya:a i�v��r.Extension of the time fai.�ct or i�.iiftc�tion =._
<br /> of am4rti7arion of the sums secured by this Security Insdwnent grar�3 bg I.ender to any sucxessor in i�serest of i�ctirrawer shall �:_.
<br /> not opetate to release the liability of the original Boaower or Borraw�'s successors in interest.Len�zr shall not ba required to �
<br /> commezece proceedings against any successor in interesi or refuse to ex^�nd ti�e for payment or othe�uise modifyr amorti�tiam °�N�_
<br /> •'�• � of the svms secnred by this Security Is�strument by reason of any c�Pmand made by the original Borrower or Boaower's '
<br /> � - successors in interest.Any fiubea�ance by Lender in exercisin�any right ar remedy sha11 not be a waiver of or pt�ecluda the R. ,_:
<br /> exercise of any right or remedy. _
<br /> �r IZ. Sutces�ois and�slgns Bouttd; Joint anri Severat Lia6iLib;p;Co-slguers.The cove�ants and ageemc�ts of t�sis �o��
<br /> � ,;�; Security Instrumern shall bind and benefit the successors and assi�a+i Lender and Borrowes. su'oj�t to the prov'ts�eQSrs af
<br /> : "'.,,. pazagraph 17. L�orrawer's covenants and agreements shall be jaint ant�`several. My Borrower who co�signs this Ser^.�.-�� ' . .�
<br /> : � , , I�ament tsut dces not execute the Note: (a)is cosignin„this SecaritY Instrument only to mortgage, grant an+�canvey�hat •
<br /> • ^ � Su*ro�rer's interest in the Pr+operty under the terms af chis y�czn'iry Instrument;(b)is not personaily obligated to pay the sa�s .
<br /> � sec�red by th�s:�r�ry Instruacent;and(c)agrees that I.enaer and any other Eorrower may agree w exteicd,modify,forbear or '�
<br /> �.���.� m�1ce any ac:o�adations with regard to the terms of thie Security Instru�nent or the Note cvithau�that Borr+ower's ronsent. ��
<br /> 13.Loan Charges.�f the toaa secure�by this�CUrity 1n�urRent is subject to a laa which sets maximum loan char�es, .�
<br /> � an��i€�ia't law is fmally interpret,ed so that the interest or ouier loan charges coltected ot to be collected in conneciIon with the Y ,
<br /> loa.��•reed the pemutted limi�,cyen: (a)any such toan charge sfiall be redaced by the amount necessary to cieduce the char�e
<br /> , to the pemutted limit;aad(6)any s�ms already collected from Borrower which exceeded perm9tted Iimics wi!!he refunded to
<br /> � . Boaawer. Len�'.may choose to make t*�s tefund by reducing the ��in�cipal owed under the Note or by maldag a direct
<br /> ' paymeat tu Iie��es. If a refund redac�p'3nciptil, the reductio� �vi�t be treated as a partiai prepayment widtout any • :
<br /> '� ptx�r.t�snent chasge undet the Note. •
<br /> .�Z�.Notic�s„An�notice to Borrawer pravided far ir!rda;is Security�.strument shal�86�ivras by deiivering it ar by�aitm$ �'
<br /> it by fizst class�sa;l�n2as applicable law re�a�r.ee use cv.�r,��er�:'�c�.The notice aha116e di�s�sd to the Property Address =_
<br /> • or any other a�ess Bonower designates �by±^�6ce 4o I�eder. Ar:r� nu�ce to Lender s.ti.�t!ic��+�ven by first cls�ss mail ta. ,
<br /> � � Lende�'s addres3 ssa2cd herein or any othea�,;�=t-`�ess Lendsr desig�2:.�a by notice to Bors��r.r�.�y norice provided for in this
<br /> . � Security Instrument shal!be dcemed to have bee�givern ta��:rawet ar Lender when given ar�O:-avided 9n this paragraph. _
<br /> � 15.Governing 1aw; S�.�era6i11ty. This Security �.�.��tniment shail be gove>ne� by federal law and tAe law of the �'_�:
<br /> • jnrisdFct�on in wwi:�z the Properny is located.In the event that any provjsion or claus:of this Securjty Instrumenl or the Note �==�-'_
<br /> ' conflicts with G�ble law.sueh cos�fliet shaU not a�fect other pmvi�:;r�ci5 of this Secudty Instrument ar the Note whieh can be . . �""'
<br /> �G'1?" - -
<br /> given effect witi�but tt►e conflicting provision.To this end ttw provia:.a�s�of this Security Instnuntnt aod the Note are declared r�-
<br /> to be severable. =
<br /> ' 16.Borrower's Copy. Borrower shall be given ane ac*.�!fcmnd copy of the Note and of this Secutiry Instrument.
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