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<br /> - payments may rc�loager be required.at ehe oprion of Lender, if mor�,age insurance coveragg(in the am�oucet an�l for the periad --
<br /> �t,�i 11e�der reaviresl Drovided by aa insurer agproved by Lendet again becorues available and is obtained.Borrotver sttall�ay
<br /> ��,'
<br /> __- the pmmiums required to maintain tnortgage insvrance in et�ect.or to provide a toss���e.a;st'sl t��f€"n�ti�t�'L'�fQ''��o''�- �,�-=-
<br /> • insurance ends sn accardance witi�any written a�t�ement bet�reen Borrotiver and lxnder or applicable lgw. �`
<br /> ' 9. tnsgetYton.L.ender or its agent may make reasonuble e�ies upbn and inspecdons of the Propercy• Lender shall give �_-
<br /> � � gotrower notice nt the time of or prior to an inspecaon specifying reasonable cause for the inspection• - -
<br /> �. IQ. Condeffinatian.The proceeds of any award or claim�for damages, direct ur consesluential. in connection with any
<br />��;.� oomlemnaiion or dther taking of any part of the Property+.or for conveyance in tieu of candemnation, are hereby assigaed and �
<br /> ��,=:�.
<br /> .:` shall be paid to Lender. •
<br /> �'�..
<br /> � In thc event of a toral caking of the Property.the proceeds sha11 be applied to th�sums secured by this Securiry Inscivrtteat• __ __
<br /> '�* �vhether or nat then due.with any excess paid to Bormwer. In the eveat us a partial taking of the Propert} in wluch the fair ---
<br /> � umrket value of the Properry immediatelX before the talang is equal to ar�sr t6a.*�the amount af[he swms secured by this ---
<br />, • Secusiry Inshument immediately before the taking.unless Borrower attd Lender atherni3x agret�n ar��ing,�s����3`
<br /> " this Security Instrument shaU be reduced by the amwnt of the proreeds multiplied by�ttse follnwing fiaetioa: (a) tI�tota4 �:�_:
<br /> amount of tke sums secur�d imniedaateIy 6efore the taldng, divided by(b)the fair mat��3 value of ti��Property itnmzdiately m��;�;•
<br /> ' �4 iKfore the ta�ing. Ar►y batance s�al! be paid t,�Barrawer. In the even*.of a Fartial ta�in8 of the Prpp;.rty iA�vhich ihe feir —_��
<br /> � ' market vatne of die Propecty isnmediately before the taking is less ttnan the anaount of the sum�se�rEd imm�iately before tha �,T
<br /> talcing,unless Borrower and Lend�r othernise agree in writing or u��applicable law otheswise piavides.the prace�ds shnll ��;__.
<br /> • 6e appliPd to the sums secured by this Seeuriry Insvument�rhether ar nut the sums are then du�. �__.
<br /> d
<br /> If the property is abaadoned by Barro�er,or if,at'�..,xr'�by L�nder to Borrower that the coaclemnar offers to make an
<br /> � award or settte a claim for dam�ges, Sorro�zr fails to resp�zd t��a1es wittun 3�daYs after the date th�notice is given, �„_.
<br /> �' :.�' Lender is aathor'szed to collect and apply th:.�ccee�s.��cg�.ion,e�<�to restoration or repair of the Property or to tlae sutns
<br />• • scxured by this Security Instmment,whether or not then�t�. � ��•_
<br /> Unless Lender and Bc�raaer othenr�ise agree in�.u�'�n8, aay aPptic�rion of proeeeds co prinaiFal shall ua�e�ctead ei
<br /> postpane the due date of tFce��ly payments referred to in paragraphs 1 and 2 or change the amount of such payments. �.�.,
<br /> �:
<br /> 11.Borrower Nat Seleased;rorbea�tnce By I.ender Not a Waiv�.Extension of the time for payment or madific�s.Qn ��
<br /> of amactization of the sums secured by thia Secarity In.+'�uument g►anted by Lender to any successor in interest of Eorrower 's�3� �_,
<br /> .ums
<br /> ' Qot operate to release the liabiliry of tAe original Borrower or Borrower��successurs�n interes�Lender sball aot be requi�t Eo-
<br /> c.c�smence preceedinP,s against anY success°r in interest Q��e�use�o emend time for payment or otherwise modify�ortizati�n �
<br /> �s
<br /> �a�'ht sums secured by this Seeuirity Insuument by r�sra of any demand made by she ori�inal Bort+�wer�B�rrower's ��.
<br /> � `,:�, � su�cxessoYS in interest. My for6earance by Le�der in er.�cising any riSht or remedy sttsill not b$a waiver of oz�gseclude the �
<br /> ' Z exercise of any right or remedy. � r �.•-•
<br /> �_N,
<br /> ,;,�.�;. 12.Succ�ors and As53gns Bouad;�`aint and Severa! I.�..�.7.�,,`,.Co-sigaers. The cove�ais an�agmements of� --
<br /> Security Instrument shall bin¢and benefit the successQn and assige3 ofi�ender and Borrower, subject to the pmvisions bf . �.,_
<br /> •� .� � paragcaPh 5�7. Bnrrower's o�:nants aad agreeeruents �z�1 be joint�several. Rny Borrowee who co-sigas tius Securiry . �;,°�
<br /> 8
<br /> ynstrament bui does not execute the Note: (a)is co-sign,�g this Secvzf'.y Insuument oniy to mortgage,grani and convey thxt
<br /> ca
<br /> ��-., Borrower's interest in the Property emder the tenas of this Security I��unent;f b)is irot personally ob�igated ta pay the stupus.`: .. "
<br /> � secured�y this Secoriry Instrument:and(c)agrees thae Lender anil any ather Borrower may agree to extend.modify,forbeat pr, �
<br /> . make any accomutoda3ions with regerd to the terms of this Security Insuumem or the Hote�vithout that Baaower's consent• �..
<br /> �,:-
<br /> � 13.Lo�u l.'hyrges.If t3�e t�an s�cured by this Security Iastiument is subje�t to a law wIuch sets maximum loan charg�s: �.-_._
<br />. ... `. a�d that law is finaliy int�rpnted so thai the interest or c�ther loan chnrges collected or to be colt�in oonnection with the
<br /> i al
<br /> toaa exca�the permitted limits,then: (a)any s�ch toan charge shall be reduced bq the amount necessary to roduce tt:e chasge •.__
<br /> , . �to�the perm3tted limit:and(b)acry sums alreacly colle�xed from Borrower w}uch exce�ded petmitte�limits will be refuadrA to �-
<br /> gorrawer, i,eader may chaose to make this refund by reducing the priACipal awed uader the Note or by malcing a direct
<br /> puymeut m Boaower. If a refund rednoes principal, the reductimn cvill 6e treased as a partia! prepa�ent.viithout any . a:_..-.
<br /> ", prepayment charge under tht:Note. �
<br /> 1�.Natices.Atr�r aorice to Borrower provided for in this Security Insuument shaU be given by delivering it or 6y mailing
<br /> . iY Isy first ciass mail anless applicable law requicrs use of another tnethod.The notice shall be directed ta the Pc.operty Address � .—..,�.
<br />� .��.,' . or any ather address Borroaer designates by noltice to Lender. Any notice ta.Lender sha11 be 8iven by first class mail to ��•
<br /> ' � ' L�:�der's address stated herein or asry otner address Lender designates by notice to Borrower.My notice provided foz�n this �
<br /> Security Instrumene sha1l be deemed to have been given to Borrower or Lender when given as provided in ttus�:�xgaph. �.�
<br /> � �$.Go�e�ing Luw; Ses�erabiiity. '�'his.5ecurity Instrument shaU 6e govemed by feder�i law ana ihe !aw of ttise � ��
<br /> `j����• • jurisdiction in wbich the Prcrperty is 1�. In the event that any ptovision or clause of ttus Security Iasmtment or the Note ___ -
<br /> :�' .�f�;;�:'' confticts with appiicable law.such con�li�c��11 nat affect other provisions af tivs Security Instrument or the Note which ran 6e —
<br /> "�`.'"� givea effect without the canfii:ciing prov'ss.�z.To this end ttte provisions of this Security Instniment and the Note are declarod __
<br /> `�:-::
<br /> � n�,be severable. � � � �=_
<br /> �'�:�`r�:�. . 16.BorroWer's Copy.Gorrower�h;l,[��;e gi�en�?=conformed copy of the I�iate and of this Secur�ty Instwnent.
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