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<br /> puycaents rn�y e�o longer be required.tu ttte opiion of Lertdtr.if mortg�a insursnce ooveregz �n[he amount a�!fox the peri� �
<br /> tii�i L.CflQCt f�QU1i�5)Pt6vid��y a71 idsi�rct ap�v�#�y i�-�r sgain�avs'sl�le�es�:,.sued.�.*�c�er shall�Y =-
<br /> tIiz premiums required to mtintain mortgnge iasurance in effect.or to provide a loss resarve,until the requarement for mortgage �
<br /> insurance er.ds in us�ordanee�vith at►y written agreement behveen Borro�rer and Lende.�or applicabte law. �,:-
<br />: 'F� 9.In�p�3toa.Lcn�r or iis ageat may m�ice rea�on3bte entries upon aad inspections oE the i'roperty. Lender shall give '
<br /> Borrower notice nt the dme of ar prior to an inspect�en specifyia�re�sanable caus�for thQ inspecdon. �"�`
<br /> `,s� 10. CondemnatIoa. 'Tiie praceeds af any awurd or claim fos da�es. direct or cons�quential. in connection with any �
<br /> conQemnatian or other taking of any part of the Property.or for oonveyance in lieu of condemnation. are hereby assigned and �'
<br /> : �� shaI1 ise paid to Lender. `
<br /> In the event of a totn!taking of the Praperty,the proceeds shal be appGed to the sums secured by tSvs Securiry Instrument, �
<br /> whether or not then duc, with any excess paid to Borrower. In the event af a partial taking of the Property in which the fair —"�
<br /> marka value of the Progeary immediately before the tatdng is equal co ar greater thau thc amount of the sums secuted bp tbis �
<br /> ' Security Instrumens imm�iiately before the takIng,untess Bnrrovret and Lender ot�ienrrise agree in avriting,the sums sec�ued by
<br /> this 5ecmiry Instrument s6all t�reduoed by the amount of t6e pr�eeds mulrip{ied by the following fiaction: (a) tite total �""•'
<br /> `',:�' amauqt of she sums secured immediately before the taldag,divided by (b)the fair u�arket value of the Praperty immediately �
<br /> '� before the t�[cing. Any balance shall be paid to Borrower. In the event of a partial ta&ing of the Propexty in whlsk the fair �;
<br />.,..�, raarket v�lue of tha Property im�ediateIy before the txlring is less than the amoum of the sums s�immedi¢tely before the
<br /> saking,unless Borrower and L.ender otherwise agree in writing or unless applicable law otherwise pmvides, the procseds slaall
<br /> ' �`- be applied to the sums secured by this Security Tnswment whether or not the sums are then due. --
<br /> , f: If the Property is ahandoned by Borrower.or if,a43er notice t�y Leader ta��orrawe:that ctte cattdemnor offe�to�Ice.�
<br /> ,•;. award ar seule a claim fos�mages.Borrower fails t� �saad cm IIr�wi�,^sn�€E�ays��r,t�e dais�e nctice as�i�: . .. �
<br /> :r; �r rs a���tr��id��3ad a�ply the pracec�9s>�r its c�s��s,�tu ar�iaar.�si�,-�mr m�.���flts 1at�u��*t�¢�e�tss ,, �'f`
<br /> ` � �3ry��....'�-�',.��!',�ant,whe�er or c��r�i�. . ; ... . � . � � ;.. ." . , ..':
<br /> ,s `' td�rl�s>
<br /> '- �'�?�.c;.��a�:•.,..:.j�'rowetr osl:�vsz'se a�s.� a�n+�,��.Ssat[on of procee�s tta;�v��i-��L�I(l.�aac cr.��r
<br /> ,-�x�;�e�r;�s!.�i�au;�of the a.nnthly��s�r�f�aa��iu:�a:u�p2r�1 and z or change the�."����'��c� '.: . �
<br /> '.f�:�5'u�mg�?j�'�Iot�leased;Fn�l*�r,�1�t�s�'��i�:�s�ritc•.�r.Extension of the t�re t'x:�ay�mtc t��;.ads��(trrtrm
<br /> ;,c`;.�'��i�i�=�c�:,�r�e s.�;��ured by aw�s�ec�r-�L��;"�ut'�'='y t.en�a tsi any see�scre m interest of 8orrower svaTf �-
<br /> __.�. �r�t:�ge�t�nc,�ir�z:+a'�Iq;�.�*f of ru�a��a1 Boriawei oi L4icc:�u�ar'�spu:.��a�ia�r�.,:��B.�nder shai!nat be reqal;ec!to ___.
<br /> = cammersc��tra��i�.fi.�"i��Y Se�r in interest or tefus�to�exte�J time ror�ay-ment ax o t herwise m o d i f y a m o r t i z a t lo n
<br />_:��:;= of the sums se�ired 'oy 3'bi Security Instrame�►t by reason of auy�emuud made by the or�g[nal Borrower or Borcower's
<br /> :. ;' successors ia interest. My forbearance by Lender in exercising any dght or reraedy shaU not be a waiver of or preclude the ----
<br /> `.�t excrcise of any right or cemcdy. = -
<br /> ' 12. Saocessors and Asstgns�Bouad;aoint snd Severnl LIabUIty;Co-slgaPas. The covenants and agreements of this
<br /> '��:� � Securiry Instnament shall bind s�nd 6enefit the�succesrors attd assigns of Lend�r and Burrower. subject to the provisions of �,�
<br /> par��rapfi 17. Borrawer's covenauts and agreements shall be joint aad seversil. Any $orrower who casigns this Stcurlry
<br />".!�,�;: Instrument but does nai execute the Note:(a) is co-signing this Security Insttument only to martgage,grant and oonvey that . —.
<br /> '� ', ' Borrawer's interest in tfiw.Fraperty vnder the tetms of tt�is Security Utstrumrnt:(b)is not porsonally obl�gatod to p�g+tht su�na �
<br /> • secured by this�r,cur�ry Inswmentr and(c)agrees that Ler.dee,and any other Borrower a�uy agree to extettd.modify�fo�be�r or � ��
<br /> � , ; rnalce any accammodations with re�ard ta the termg.of this Securiry Instrtunent or the Note wlthout that Borrower's wnsem. _
<br /> �r. 13.l.oan C�asges.If the loan se�ured by this Security Insuument is subject ta a law which sets rnaxlmum[osm charges, '
<br /> � an4 that law is fivaUy intetpreted so that the interest or oihet loan chs�ges collected or to be collected in connection witP�the
<br /> " ' lvaa esceed the permiueQ limlta,then:(a)at►y such lonu churge shall be reduced by[he umoum nxesgary to indu�o the charge
<br /> � so the permitted lunit;afld(b)anY snms already collectQd frnm Borrower whicb oxeeeded permitted limits wlll be refunded to
<br /> � -$osrower. Lender mxy c3aose to maice th3s refund try redvc'sng the principal awed undeT the Note or by making a direct =•�``
<br /> E�r.3'�'eat t��:stower. If a refund re8�ces principa}, the reduc�9n will be treated a� a putial prepayma�t wlthout aoy • -
<br /> ' g�y�r.::;t�:`�T&e nnder the Note. . ' � �-=
<br /> .:',:'; • 14.1��3c+es.Any notice to Boaower provided for i��;.,`5ep'�--sty instniment shall be given by d�liverinb i�or by u7ai19ng . —
<br /> ;±s��y first ctass mail unless appiicabte law requires use�f anotnez raethod.The norice shail.6e 6irected to t�.:1�fia'�erty Address .
<br /> -- ••'�ax aay othe�address Borrower designxt�s by notice to Lender,.,4�V notice to Lender shall be given by tiest class r�»?i to
<br /> - Lender's a'_li.�ss stated herein or any other address T.endcr design:�.�by notice to Borrower. Any notice provided for im:'t�Fis
<br /> `�����`••� � Security Instaument si:�l�e de�med to h�ve beea given to Borrowet or Lender when givenas prqvidcd in[his�nra�a�'a. .
<br /> t. ' 15.Gov�rning I.z�a•�.s SeverabWty. This Sccurity Instn►ment shall be govemed by federal law arv ttv; taw Gf the. _
<br /> � ,j, . 3urisdictiaa in wluch ui 1F'�ropetty is locuted. In the event that say provision or clause of this Secvrity Instra�ztent or tI-,�:�tote• _
<br /> � ��' wnflicts cr^�,appllcable law.such wnflict shall not affect other pr�Ylslons of this Secvriry Instrument or the Note which c�n be
<br /> � �{.� given eEf�t�6thout the conflicdng provision. To this end the provis�uns of this 5ecurity Instrument and the Nate are deeiwted �
<br /> to be severable.
<br /> � ! .� If�.Barrawe�s Co�3+.Bomncver shall be given oa�oonformed copy of the Noto and of tbis Security 1nstNment. �._
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