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<br /> p�ryttents may no tunger be required.at che option uf Lender,if mortgage insurance covetagr!in the amount and t'or the period ._ : '
<br />!•�`� th�t Lender requir�:s?p�vided by an int�amr ap�muod bY Len�er again becomes acailable and is obtairte+d.Borrower shaU pay
<br /> ;'.�: thQ�reminms.m�qa»r�i to ataintain mart(�ge ins,�rat►Gr u►effcct•°r to providc a los..reserve,untif the requirement for mon�;age Y _
<br /> insurance endf:in•r,�c.�anlance with any+Mittca a$rirament between Borrower and ixnder or applicable law. �:;�;,'r`
<br /> q, [nspect�n, Lendar ar ita again ma7� ma3tQ►zasonable entries upon and inspections of the Property. Lender shall give �
<br /> Borrower notice at the[imx o�os Prior t�t an inswtiscion sFecifyino reasonable cause for the inspection. � �-�-
<br />__''=r�: 10. Concl�tm?fua. 'T'�� }�m►�eds,af an}�ut�ar.t or claim for�'+m?�oes. direet or consequential. in connection with any �;�:;:-_,.;
<br />. wndemnaiion a:cr+l�er ta�:ing c►t'nn�'¢��f��£�T�P��3'• or for conveyartce ia lieu flf candemnation.are hereby assigned and
<br /> � sh211 be p°.�d�tn[.emdrr. lied to the sums secured by this Security Instru�ent, -�.;-":�
<br /> ` In thc event of a total tu4ung of"Q�a PtrrpcTty.the Pr°ceeds shall be app .
<br /> ` ��ettier or not then dae, with any excess paid to Barrower• In the event of a panial tal�ag of We Property in which the fair __,'.
<br />� - � m•aticet value of the Property immediately before the tal:ing is eqita! to or greater than the amount of the sums secured by t9iis '�
<br /> " � Security instrument i m r n e diate ly before the takin g,unless Horrower aud Lc:nder atherwise agree in writing,the sums secured bY � .�
<br />�'..�: this Security Instrument shall be reduced by the amount af the praceeds multiPl►ed by the following fraction: (a) the to t a l —_—
<br /> antount of the sums sccured immediatelY before the talcing.divided bY (b)the fair market value of the �'°Pn whi b the fa�i =-
<br /> ; ;.ti'� before the taking. Any(saMance shali be paid to Borrower. [n the event of a partial taking of the Propeny �L'`�-'
<br /> market value of the Property immediately before We takiRg is less than the amount of the sums secured immediatety before the
<br /> taking, unless S�2rmwer and Lender otherwise agree in writing or unless app�icable law otherwise provides. the pmc�ds sha11
<br />-� '.'.F be app�i�d to s�suans secured by this Security Instniment whettter or not the sums are then due. __-
<br /> �:`i If the pro�ty is abundaned by Borrower,or if,after no'tice by C.ender to Borrower that che condemnor offers to make an
<br /> -�= award or seule a ctaim for<tamages. Barro�uer fails to respond ta Lender within 30 days after the date the notice is given. �._�.,
<br /> `• f Lcnder is authorized to collect and apply the proceeds.at its oPtion,either to restoration or repair of the Property or to the sums �° �.,-
<br />._`.;.,�f secvred by this Security Instrument,whether or nat then due. ` _
<br /> Un1�s Lender and Borrower othervrise agnee in writing, any application of proceeds to principal shall not extend or _
<br /> , postpone the due date of the monthly payments referred to in paraSraPhs 1 and Z or change the amount of such payments• 6�_r
<br /> Il.Bosrower Not Released;Fosbeprance BY l.e�der Not a Waiver•Extensior�of the time for payinent or modification
<br /> of amortization of the sums secamd bY�his Secu°�Y�S��nt grattted by Lender ta any sucoessor in interest of Borrower shall
<br /> not operate to release the Is.ubility of the original Borrav�%er.co Bonou�er s successors in inteiest. Gr.�►der shall not be requirc�w `
<br /> `'.�, oommenoe(��ings against any successor in interesc or refuse ta exiend time for payment or otherwise modify amorcizaiiou
<br /> .•��i ti`.; of the sums s�r_uured by d►is Security Insuvment by reason of am� d�:snand made by the original Barrower or Borrawdr ___ _
<br /> ' ` '' �uccessors in interest. Any farbearanze b;�L.ender in exercising any rigiit or remedy shall not be a waiver of or predu��t7rr�
<br /> { �,�zertise of any right ar remedy.
<br /> ers. The wvenants and ag��nu of this �'�`,
<br /> : 1Z. Su�ece�ors and As�gas Baund; .lafat aad Sevw�al Ltabil�ty; Co-siSn __.
<br /> ``�"'� Ser+trity Insaivmant shall bind and benefit the successors and assigns of Lender and Barrower. subject to t�e��•��of �-� �._
<br /> :-t��� e..,..,..-
<br /> ' palagrsph 17. $orrower's wvenants aud.s�reemenu shnll be jaint and sevecal. Any Borrower who co-sig� 4'�r�tY
<br /> t and com� that � '�'`
<br /> Instrument but does not eaecute the Note: ��a1 is casigning this�urity Instrument only to mortgage,gran eY __
<br /> Borrowei s interest in the Pinpert3+under the terms of this Security Instrument:(b)is not personally obligated to pay the sums
<br /> � secured by this Security insuument:and(c)agrees that Lender and any other Borrower may agaee to extend.modify.forb�ar or !
<br /> ,. make ar►y ao;ommodutians�rith regard to the terms of this Security Instrument or the Note without that Borrower's consent. __
<br /> � 13. �^ _�sue$�s•If the loan serr,.n�.3 by this Sec1►rity Instrumeni is subjec�to a law whieh sets maximum loan citz�r:.�, ��
<br /> mad that l��s+���ally interpreted so t►�,-.�i:��r.2 interest or other loun charges wllected or to be collected in conneciion wittt�f� �{;��
<br /> . . Ir��eua�;3.r�.�p2rmitted timits.then: d•:.'•any such la-xa cbarge shall tse reduced fsy the amount necessary to redace the charge = -
<br /> t�s ti;.��sr►�limit:an�rJ�)any sur�s a�ready collected from Borrower which er:�a:�ded permitted limit�wiil.j�e refunded to
<br /> •.,�:s!' �r:ower_ �3er may choose to m�:?e»'�is refund by reducing the prirtcipal oued under the Nar�e or by m�king a direct
<br /> ;�t,;�., � payment :�.r f�*az'Gwer. If a refund +�r�w:es principal. the reduction will be treated as a guxti�l prePayment without any �,_,—
<br /> . prepayr�er,i��sarge under the Note. �
<br /> • 14.Natices.Any notec:tu Borrower provided fa�r in this Security Instmment shall be given by d�livering it or by mailing _
<br /> ' � it by first ctass mail unless::��licable law requires use of another methad.'I4ie notice shall be ditected to the Properry Address �
<br /> . , or any oth�s-��dress Borro�ver desigr",::s:s by notice to Lender. My notice to Lender shall be given by first class mail to
<br /> � Lender s zdai�rv:s stated herein or an}� �:�i»r address Lender designai� by notice to Borrower. Any notice provided for in a'r�s
<br /> _ . Security Instr�ment shsill be deemed ta L:.w�been given to Borrowc-��x Ivtndor whcn given as pra�ided in this parngraph. �
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<br /> � � 1�.Governing I.aw3 Se�'erabiftt3'• This Secvrity Insuucaess saall be govemed by federal law and the law a�che
<br /> j;�risdiction in which the t'roperty is lacated.ln the event that any provision pr clause of this Security Instrumcnt or the Note � _
<br /> ,::,r'�;;� conflicts witl��Zplica6le la�v.such confYict shaq not affect other pzu��isions of this Secvrity Instniment or tf�c Nutr.which can be
<br /> _�, given effec�:��;�Izout the rnnflicting prrsvisian.To this end the provi.si.c�•ns of this Security Instwri�nt and[i:e tiete are declared —
<br /> "::''°� to be sev�r�.�i�..
<br /> �.:.;,r;>o�,i��
<br /> � 16.Borroiver's Copy.Borroa•er shsill6e given one conformed oopy of tho Note and af this Securiry lnsuucctent. _
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