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<br /> paymeats nny no tanger t.+c required.gi the aption of Ler.der,if mort�age insurance coverage(in the umnnnt and for the�eriod '�
<br /> � that Lcr.der requires)provid�.d by an insurer approved by L.cnder a�ain trzcomes available and is obtained. Sorrower shal!pay i
<br />• F, ° the Qremiums required to maintain mortgage insurance in effect.or to provide a loss resQrve,until the requirement for mortgage ;�:
<br /> insu�tce euds in ascordance�rith any wtiaen a�reement between Borrovrer and Lead�r or agplicable taw.
<br /> ...,�,= 9.•Ius.nectFu�t.Lender ar iis agent may make reacnna6te eniries upan aud iasp�cdons af the Property. Lender shall give I�-
<br /> • �ctrrawer nouce at the time of ar prior to an inspection specifying reasonable caus�for the inspection. ��"`�
<br /> .�� 10. Cond�ation.'ihe pmceads of any award or claim for damages, disect or conseqaenaal, in wnneaian with any ;
<br /> � co��n or c�r tariag af any Far!of the FroFerty.oz for runYeyance in lieu of mndQmnarian,are[�eneby as�ign�and --
<br /> shall be paid to i.ender. .
<br /> � ln the event of a touil talsing of the Property.the Qraceeds shaU 8e applied eo the swns secured by this Sesurity Inswment. —_
<br /> _ , wtcetiier or not then due, with any excxss paid to Borrower. In the event of a partial talcing of the Property iz►wtuch the fair ;�-.,
<br /> ma�3cet value of ttce Pmperty iaunecliately before the taking is equal to or greater than the amount of the su�s secured by tbis i
<br /> Security tnsUument immediately before the salsing,unless Borrower and Lender otherarise agree in wr�ticg,the sums secured by ��
<br /> "�° � this Security insttu�ent shall:be redured by the amount af the pror�eeds multiplied by tt►e failowing fraction: (a) thy total � �='`
<br /> a�r .
<br /> _°�.F amount o€the sums seruied immediately hefon th:taking� divided by(b)the fai[ma[ket v3tue of the Property imme�iatPty '.�
<br /> - before the taking. Aoy l�aiance shali be paid to Borrower. In th�event oY a partial talarzn of the Property in which tc.e�� �f'
<br /> . h . �,
<br /> "`�,'' marlcet vatue of the Pcoperty immediately befoie the taking is tess than th�azaovat of tfir sums seenred immediately hefor�r-s �`.;:.
<br /> talrin8, unless Borrower and Lender othen�vise agreQ in writing or untess applir�'e Lsw otherwise provides,tf�e proceeds sit;::L ',�:�.-
<br /> .• �" 6e applied to the sums securai by this Securiry Insnn�ent whether or aot the su�c:..-e then due.
<br />�',.�' .. If the Property is abandoned 6y Borrower,ar i�after_netice by Lender to Eorrovier t6at the condemnor offers to make an
<br /> `:. ` award or settle a claiIIa for damages. Borrovver f�s w respond to L.ender aritf�in 30 days��r the date the notice is given, ��;
<br /> °= Lender is authariz�d to callect and app3y dte prACee3s,at its option.either to restoration or re�,t�of the Progerty or to the sums ��
<br />- secared by tltis Securiry Instrument,whether or aot tLen due. . � _.
<br /> '` IJnlcss Lender and Bosrower othe�arise ag�m wri6ng, any applicarion of proceeds to principat �I! aat extend or
<br /> �` _-
<br /> " postpone the due date of the monthly paymenis refctced w in paragrapbs 1 and 2 or change the amount of su�pay-ments.
<br /> � � 11..Bosrawer Not Relwased;Foci�ranoe By I,ender Not a Watr�.Extensinn of the time for payment ar tt�adi6cation ��
<br /> .. . �= of amortiz�ion of the sums szcvred b cEis Sec�ui Tnst:umena ed b Lender ro �'�.:
<br /> y ty �t y any sarcessor in interest of Borrow�r.�a!!
<br /> �• �� nnt aperat:�co release the[iability of t�e original$orrower os�e�¢vwer's successors in interest.Lender shafl not he requi:;:,�to .�:•
<br /> • commeIICC praceedings a�ainst an}+successvr iti i�.er�or tEft�e to exbend time for paynsent or otherarise modify amortizaiion •
<br /> � of the suffis secured by tI►is Seciuity lnstrume� �.��..�on of any demand made by the original Borrower ar Borrowes's
<br />'•:::.��_ saecessors ia interest.Any forbearaac�6y l.endee in eRe�eisia;at�y �ig6t or remedy shali aot be a waiver o�f or grectudc°the �,..
<br /> _�
<br />'�.uyr, :� exercise of any right or remQdy. _
<br />;::,;, •: q2.Sr�c�c5so�s And AssIgns Bai.-�4;Jaint aad Sevesa! I3ability. Co-s�nezs. The aovenants and agreemenu of tivs '
<br /> ' Securi It�strument shali bind and beneSt the succe.s5ois and assi '��
<br /> „'�. ty gns of l�ader and Boaower,subject to the provisioas af
<br /> .:; `. paragrap8 17. Borrower's covevants aad agreeme� shail be joir�t and several. Any Borrower who co-signs this Security �'
<br /> , •� Instrumeat bat d�es not eaecute the Note: (a)is oo-signing this Secanity Irun�umcr.�onty co rnortga�.°,giam aad wnve�tir�t
<br /> . • . �3orrawer's interest in the Property under the ternis of this Secn�ity Instrument;(b)is not Felsoaally obligat�to pay t�sr�s
<br /> � i secured by this Security Instrument;aad(c}agn�s that Lc.mder and�}r other Barrower may agree to extend,madify,fora.,�r or . �
<br /> ` make aa acsommadations with re �
<br /> �� y gatd to the tem�s of this 5ecurity Inshument or the Note withont that Horrower's consent. �
<br /> ' !3.Loan Clu�rges.If the loan secured by t6is Security Insunment is subject to a iaw whtch sexs m�ximum loan charges,
<br /> ` ` as�d thai!aw is�naliy iraerpreted so that the iaterest or other loan charges colIecsed or to be colleded in com�ion with tlse r".
<br /> �:;♦�.` � Ioan exceed the p�imItted limits.t6en: (a)any such loan ct�a�ge shall be reduced 6y the amaunt aea�ssary to reduce the charge �
<br /> •.1: to the permiued limit;and(b)arry su_�aiready coltected from Borrarwer whic6 exceeded per�3ted limits will be sefunded to. � �
<br /> .`="{ ' Borrower. Lender.may chnose to malre this refund by redacing the principal owed under tP:e Note or by.making a direct
<br /> _� , payment to Sorrower. If a refund reduces pricxi�„S. the reduction wial 6e treated as a parrtiatat prepayer,�nt �viUtout �ny • °-
<br /> , pxepaymen�charga uadcr tfie Mote. .—
<br /> • I4.Notices.Any notice ta Borrower provided for in this Se�c;.�Ity Instrument.shall 6e gi�r.rt by delivering it or.by maiiing •
<br /> '•:` � it by flrst ciass tnait unless applicable law Tequires use of aaotiter�zhod. The not[ce shall be directed to the Prope�y hcl�ir�ss . -.--
<br /> :':.t � or aay other address Borrower designates by aotice to Lender. ::ny notice to I.ensier shall be given by first class mail to —
<br /> �' ' ' : . � Lendtr's ad�ress stated�c�:3 or uny other address Lender designaxes by norior to Borrower. Any norice�ruvided for in tf�is '�
<br /> . Security instrument shall£e deemed to have been gi���::�.w Barrower or Lerrder when given as prc�vided in Svs paragrr�ph. ' _____
<br /> �' ''��. l�.Governiag LaW; Severabllity. This Security Instrument sball be goverrts:d by federal taw and the law oY We
<br /> � ;:; . jurisdietion in wiucb the Froperiy is i�ted. In the event that any provision or clause of tfiis Ser,urity Instcument at the NAte �
<br /> % ' conflicts with applicable taw.such co�".icR shall nei affect other provisions of tfus Security Instrumeat or the Note wfiich can be ��'
<br /> �.,
<br /> ;'�.,I. � �iven effect witihout the wnflicting ptovision. To t3r;;end the provisions of thia Security Instrument and the Note are decla:ed =�
<br /> � � � . to be severable. �
<br />.,.. � 16.Bomower's Copy.Borrow.r sha11 be glven one confoim,ed copy of the Note and of this Securiry Insttument.
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