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<br />, '�: p�ymenu[nay tto longet be rec;uired,at thc oytion of Lcnder.i4'mongage insurance rnvernge(in thc amount and for the periad _
<br /> • that L.er.der requicesl providcxi by an insumr apAmved by Lender agasn becomes avail�le and is obtained.Borrower shall pay �
<br /> �_"�o� the premiums requircd to mtintain mortgag�insurance in effect.or to provide a luss�escrve,unti!the requiremcnt for mortgage =_.
<br /> __ insurance ends in�c:ordarece�+ith any written agrecment betsreen Borro�rEr and Lender or�pplica6te law. �
<br /> ut ` 9.Ins�ecdon.Lensler or its agent may make ru�sonable entri�upon and inspectiuns of the Pra�rcy. i.ender s€�al1 givc _
<br /> � ' Eorrotver trotice et the time of or prior to an inspection spacifying reasas�able cause for the inspecKion. �_
<br /> ` `�" IQ.Condemastton_ The proceeds of uny award or cR�im for dama��s.diccxt or consa�uential, in wnnection with any _-_
<br />"��' '" condemnatian at ottter taking uf any pv't of the Pivpeaty,os for canveyance in lieu of condemnztion, are he�eby assigned an� �
<br /> � shall be paid to Len+der. _
<br />,,��.,, In the event of a total taking of the Property.the proceeds shall h�aPP��ed�o the sums secumd by this Security]nstrument. ��
<br /> whether or not then due. ivitE�any excess Qaid to Borrower.In the event of a partial taking of the Property in which the fair �-
<br /> - market vatne of the Prop�ty �mm�i�ately isefare tite taking is equa!co or greater than the amount of the sums secured by this --
<br /> Security Instrumesit i[nmediately bzfore the taking,unless Bc�rrower and Lender othenvise agree in writing,the�serasred bY —
<br /> this Securiry lnstre�m�nt s6al1 be red�ced by the amaunt af the proceeds multiplied by the follawing ftaction: (a) the tatal _
<br /> amount of the sums secured imm9diatesy before the taking.dividad by(b)the fair market value of the Property immediately
<br /> ` '��� before the taking. Any ba�ance sha11 he paid to Sorro�,sr. In the event of a pastiai taking of the Property in vrhic� the fair
<br /> � �.-ket vaiue of the Prop�rty immediately before[he taking is tass than the amaunt af the sums securcd immgdiately before t'�� i'�
<br /> taking,unless Bomower a�Lender ot6enuise agree in writing or unle�s auplicable law othenvise provides, the praoeeds�lu,il
<br />`''��',�`�' 6e applied to the s�ams seevred by this Security Insuuraent whether or not the sums are then due. �-
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<br /> � ''�� If the Propert3l is abandoned by Banon•er.or if, after notice by Lender to Sormwer tPtat the condemnor offeas to m e an _.,
<br /> award or seitle a claim for dam�ges. 8nrraw'er fails to respond to Lender within 30 days after the date th�notice is given.
<br /> . '�`� Lenle-is anihorized ta c:ollect and a�pply th�ptoceeds.at iis option.either t�rescoration or repair of the Propeaty or to the sums _
<br /> ;•":._,� secureu by.his Sc�..-iry Instrumment,wf�er or not then due. _
<br /> Unless Lender and Borrower otheivr��rce in cvriting. any applicatian of proceeds ta pr'rartpal shall not extend ar
<br /> � pos+tgone the due date of the�onciily pay►ncnt-.s mfemed to�n paraSra�hs[�d 2°r change the amonni of such pa}rme�s.
<br /> � �. . �l.Borrower AIot Relea..�ed:�orbea.'s,uce By I.euder Hat a�Ysiv�.Extcnsion of the time for paymer!t or�odifccatiacc __
<br /> `�' cE��rtization of the sums sa:..��by this Security Ins'itument g�aated by Ixnder to aa�y saccessor in interest of L�urrewet sb.a!t. __
<br /> � r .., nor agerate*.o release the liability o€the or�s,a!Borrower or Borrawer s successo�s ia interest• I-ender shail c,ot L*n�ired to �,
<br /> : _.`t� wmmence proceedings aguinst any succes�s�n interesc or refuse ta ext�d rime for pzyment or otEterwise modify amorti�.
<br /> ��:��'• of the snms secured by this Sr�curity Ir�ent by reason of any dcrrnand �nade by the oei�°in:a1 �orrawer or Horrovv��.•
<br /> ���:f ' s•s�ssors in interest. Rny for¢c_rdnce hy Lender in exerrising any righ�or remed;,� �aal1 aot be a waiver of or areciude the
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<br /> ' � A� �e�;zc'sse of any right or seme�dy. —
<br /> , : .,:�. 2�. Succcssois uud Asstgns Boand:�•�int aud��al Liability, Co-sigae'�.-'3'he covenants and ag�ents of tlus
<br /> � �;,��, •. S��uzitiy instrument shall bind and benefit�:�z svoc:ss�is.an� assigv�ef Lender and Borrower. suUject to the provisions of
<br /> . '.��,i�t � �E,,-�ph 17. Sorrower's covenanu an3 a�ez.w:�ts s�ai1 be joint�.mb several. Any Borrower who co-signs this Security
<br /> � ���:'•'`� �5�JL'^.:t�dlt bIII dOCS QOi C7IG�idfB v18 1VOtC:�a;as k�=;�:.:"r�this Sec��'"mstrument anly to mortgage. gcant aad convey thnt
<br /> �� Ii�..r�s4�r's intetest in the Fm�� under������ci ta;;.�s�ecurity Insnvment; (b)is r.ot personally obligflted tz�,pn�the st�ms
<br /> � `;,f� . •. secured by this Sr:.:�ity L►s�-�.r�s�,and{c"�,;."e�S�:e�:n;ter and any aaher Borrowe��ay agree to extend,mo�i�j,forbear ar _-
<br /> �;r•. ,-.;, matce any acca�c►e�c��ations wita regard to dae;�s af this Secariry Instc�.�t or the Note without s�r�,z Eorrowei's consent. .
<br /> . ''.;;�;' � 13.�.aan Cbarges.If the loan se�cvrc��3r:his Security Insnumeut%s subjed to a taw which s�«maximum loan etu�rges� _
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<br /> and that law is inally interpreted so that the interest or offier toan charges collected or to be co}lected in connecdon with tlie
<br /> �� loan exceed the pe:mitted limits,then:(a)any such Ioan charge shall be reducecl by rLax amowu necessary to reduee the charge
<br /> • to the p:nnitted limit;and(b)any sums nlready collected from Bonower which exce-.doa pennittad limits wi}16e refunded to
<br /> � �`� Bonov�er. Lender may choose to make thiE refvnd by reducing the principal owai under the Note or by making a direct
<br /> • ;�`fk� payment to Borrower. 1f a refund reduces�srincip�l. the reduction will be arateG as a partial przpayment withouc any
<br /> : �.:'�?��.` prepaymznt charge uoder the riote.
<br /> °"-`�• ' 14.Natio¢s.Acry nodce ta Borrawer pr4vided for in this SeGUity instrument shz!!be glven by delivering it;�r by wailing
<br /> � :�1b32 first class mail unless applicable aaw requires use of another method•'I7�e nouat:sflnl!•be directed to the Prc}����Address
<br /> � �'�� � � or any othes acl��ess�ortower designates b�r notice to Lender. Any notice co Ler�'t�r shall�be given hy firsr��l�mail to
<br /> Lender s addre�a::ated herein or any other address Lender designat���nodce to Borrower. Any norice provided far in�`tes. .
<br /> � �..{:���•. 3ecuriry Instn�m�rit shall be deemed to have been given to Borrawer or Q�r.der when�i•ren as provided in this paragraph.
<br /> °�,�, . 15.Go�ers�ng Law; �rr.+v�erabillty. This Security Instrument shatl be g4���'� by federal law and the law of the• __
<br /> � , .';�• jurisdlrtion in wriich thQ Property is located. In the event that any provlsion or c:�ut�:�f this Secutity Instmment or the Note _
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<br /> •:d conflicts with applicable law,such conflict eSiall not affect other provisinns of this Securiry Instrument or the Note which can e
<br /> ���:�� ; given eifect without the contlicting provis;r�n.To this end the pmvisio:rs of this Security Iastrutnrnt antl the Note ace declara� _
<br /> .• .'`'±/�!+ to 6e severable. �
<br /> ,'���`�!', 16.Borrower's Capy.Borrower shall be given one confor►ned wpy of the Note and of this Security Insuument.
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