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<br /> , paymcnts may no ton�cr bc required,at thc option oi Lcndcr,iP mortgage Insurnnce covcrego(in the nmaunt nnd far�he pcxiod �-
<br /> � that L.ender requires)providcd by ar►insurcr approvcd by I.ettdcr a&ain becomes availanle and is obtaincd.Borrower shall pay the
<br /> , " premiums rcquircd co muintain mortgagc insurance in cffcct, or to providc a loss rescrvc.until thc rc�uircmcnt for mortgagc
<br /> � inswunce cnds in accordance with any written agrcement bctween Borrowcr and Lender or applicuble luw.
<br /> ��;,a„ 9,Inspection. Lendcr or its ogent may make reasunable cntrics upon and inspecdons of thc Praperty.I.�ndcr shall givc
<br /> ,,,,,,�„ Borrower noflce ai the dme of or pdor to an inspection specifying ceasonnble cause for the inspecdon. ' .
<br /> 10.Condemnation. The proceeds of any award or claim for dumaaes,d'uect or cansequential, in connection wtth �ny
<br /> candemnadon or other lakinE of any part of the Property,or for canveyance in licu of condemnation,flre hereby assjgned and •
<br /> ' shall be paid to Lender. .;;�'
<br /> l�ed to ihe sums secured by this Security Instrument,
<br /> In the cvent of a total taking of the Property.the proceeds shall be app' _
<br /> whether ar not then due,with any excess paid to Borrower.In the event of a panial taking of the Property in which the fait market , __
<br /> _����'�: • value of t�a Property immedlately before the taking is equal to or grcatcr thsu►th�a�naunt of the sucns secured by ihis Security r;`_-'..,
<br /> Insuument immediatcly beforc the talcing, unless Borsower and Lcnder othenvese a�ree in wrltin8.the sums secu*rd by this ,;�-
<br /> Secur[ty Instrumen6 shall be reduced by the amount of the procceds multiplied by the following fracdan:(a)the total amount of _
<br /> the sums secured immedietely before the taking, divided by (b) tne fair markei vatuc of thc Property immediatBly before the -_
<br /> "`��"• t e k i n g, A n y�a l a n c e s h a l l b e p a id to Bo�tower.In the event of a pardial takin8 of the Propercy in which the fair market vulue of the ___
<br /> •,�•�,"� Pro p e rt y immediately befora the t�lc�ng is less than the amount of the sums sccured imm e d l atc ly b e fore t he t a k i n g, u n l e s s _
<br /> Bocmwer and L.ender otherwise agree in writir►B or unless applicable law othenvise provides,the procc�r.ds ahall be app li e d to t he _
<br /> ' sums secured by thIs Sccurity Instrument whether or not the sums are then due. ��;�,_
<br /> -"� • If the Pcoperty is abandoned by Barrower,or if,after notice by Lender to Borrawer ihat the eondemnor offers to ma{ce an
<br /> � awerd or settle a claim for damages,Barrower fails w respond to L.cnder within 30 days nfter the date the notice is given.Lende.r ;:_
<br /> � is authoriud W collect end apply the procce.e�ds,at its oprion,either ro restoradon or re}�air of the Property or to the sum�secured ,,,�,.`
<br /> � • by this Security Insuument,whether or not then due.
<br /> Unless Lender and Borcower otherwise agrae in wriun8.enY aPPU�tion of praceeds to principal shall not eactend or posipone .__.
<br /> the due d��te af the monthly payments referred co in paraBrePhs 1 a►nal 2 or change tlie amount of such paymen�s. _
<br /> - 11.Barrower Not Rekased;�'oruearance ny i.endcr i:vi�Z.a3z�:. yzt�ns��r. ef !!:� Sltsi� fi�r�ayme.nt or mod3flC�Z31on
<br /> . . of amortUndon of the sums�ecured by thi�Securiry Instrument granted by Lender to any successar in interest of Borrowcr shall
<br /> ..- . not operate to rcicase the Ilability of the odginal Bocmwer or Borrower's successocs in intexest I.ender shall not be req�ir�d tu
<br /> ' commence praccedin8s a8einst any successor in interesc or refuse uo extend time far payment or otherwise modify emort�►don of ;'���_
<br /> ����•�''+:��� the sums sxural by this Securlty Insuument by rcason of any demand made by the�riginal Barrower or Bonower's successors ��-
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<br /> ,.,;,.��..,. . in int�re,�t,My forbearai►cs by Lender in eaercising any ri8ht or remedy sha11 not be a waiver of or preclada the exe.r�ise of any E`:_
<br /> `=;?�tit��:� right or remcdy. °:
<br /> _-x�::.�� 12.Succe.ccors�d Assigns�3ouad;Joint and Several Li�billty; Casigners.The covenants and agreements of �his �_
<br /> - Security I►sstrument ahall bind and beneCt tha sucoe.qsor� and assigrts of Lender and Bom�wer, subject to the provisions of �r;
<br /> --��� .,A���� t7 n�rroaer'c covrnants and er,reemerrts shnll be jaint and several. Any Borrower who ca-signs this Security r-•=
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<br /> ��»�• Insuument but does not exocute the Note: (a) is casigning this Security lnsontment muy w m�ii�a�G,g.W'�t:�.3 com�;th:C � -
<br /> •-''""•x� � Borrowu's interest in the Froperty under the te�ms of thi�Seca�ay lnstrument; @) is not personally oblIgaud to pay the swns —
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<br /> � �` •.. � secured by this Socwrity Instrumer►h and(c)a�ees that Lender ae�fl any other Bono�wer may agree W eactend,modlfY�fab�:a a _-
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<br /> ---_;_,� make any accommodadons with regard to the t�em�s of this Security Instcument or tho Note without thai Borrower's consent �
<br />--�'9��r� 13.Loan Cbxrges. If the loan secumd by this Securiey Insuument is subjeci to a!aw which sets maximum loan charges,
<br />�""""`� and that law is fmally interpreud so et�at the intcrest or other loan charges colleated or to ba coilecu;d in connactian with the loan -
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<br /> ��,,.{:`,, . eacaed the pemiiued limits.then:(a)any such loan charge shaU be reduced by tl�e amount nccesssuy to reduce the charge to e
<br />�"���`�:� pcmiittcd limix and(b)any sums alrcady collected from Borrower which cxcced�peimiued limits will be refunded to Bomnwer. __
<br /> ��'-�R„�'' Y.ender may chaose to maka this refwid by reducing the principal owed under the N'ote or by making a direct payment to
<br /> �-'�--',,;� Borrowa. If a refued reduces principal.the reducdon will be treated as a partial gnpayment without anY prcpayment ch�rge
<br />= •�� under the Note. ---
<br /> �,,,,,��:. 14.Notices. ,Any nodce to Borrower pmvided for in this S�curity Inshument shall be given by delive.°ing it or by mailing it �_
<br /> ��-�' by t'ust class mail unless applicable law requ'ves use of anorher tn:.thod.'It�e nopce shall be directed to the Proptrty AdQr,ess or
<br /> '::;a�•::-._ A�y.,�hpf crtdr�cs Borrower desiAnates by notice to Lendar. Any notice to Lencler st�ail bo given by first elass mail to Lender's °`_
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<br /> '1'-':�.:. � address stated herein or any other address Lendcr drsignates by notice to aorrower.Eany notice pn,vi��.a;�n u�i� S�:.i��� r .`
<br /> �'�'� " Instrument shalf be deemed W havc Ueen givcn to Bocrower or Lender when given es providcd in this paragcaph. '_'^.-__
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<br /> • 15.Governing Law;Severubitlty. 'Iliis Sr,curity Inswment shall be governcd by federal law end the law of the `.�.:-•
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<br /> _ . jurisdiction in which the Propeety is located.In the even4 that any provision cn c l ause o f t his Securi ty Ins t r ume n t o r t h e N o t e _• :�.'.
<br /> conflicts with applicable law.such cauflict shail n�t affect other provisions of this Security Instrument or the Note.wl�ch can be ���:_
<br />- . . given effect without the oonflicting provision.To ihis end tha provisions of ih�Security Insuument and¢fi�e I�iots iu+e dec1arod t�o _ --
<br /> btsseverablo. -�°
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