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<br /> � 96� � _
<br /> payments may no longer be required.at the optitin ot'Lertder,if mortgage inslll3flgL'e rnv��t�the amount and for the pertad __
<br /> • thst Lender requires)provided 6y nn insurer approved by Lender ao:iin becomes avaidabte and is ohtained. Borrower shall pay
<br /> the pt�emiums requiced ta maintain martgage insurance in effect, ar to provide a loss r�senre,uate9 the requiremznt for mortgage _
<br /> � �nsurance ends in ecoordanc�e with any written a�err�nt between Borrower and Lender or applicable ta�v. _
<br /> 9.Iaspectton. Lender or its agent may make rqsonable enuies upon and inspectinns af the Property. Lcnder shall give
<br />' • Borro«er notice at the time of or prior to an inspection sp�ifyic�reasona�le cause for the inspectian. _
<br />_ � � 10. Coademnatfon. The proceeds of any a�vard or claim for damag�.s. dir�ect or conse�laen�ial• in curutection wnth any �
<br /> =-�"'�� condemnation or other taking of any part of the Property. or for conveyance in lieu af condemn3uon, are heeeby assigned and �
<br /> �` shal!be paid to Lend�r. � —
<br /> In the event of a tatal taking of the Property,the�roceeds shall be applied to the sums secured by this Security instrumenG __
<br /> whether or not then due, with any eacess paid to Boaower. In the event of a partial taking of the Property in wfiich the fair
<br />- ` market value of the t�roperry immediately before the taking is equnt to or greazer than the amount of the sums secured by thes
<br /> Securiry Inmument unm�diately before the ta3ang,unless Borrower and Lender otherwiss agrec in writing.the sums secured by ---
<br /> ;�.'p, . tiiis Security InstramEm shull be reduc�c! by the aznoum of the prooeeds multipl@ed by the foltowing fractian: (a)the tatal
<br /> amount of the sums se,cured immedisc�ely before the taking,d'nvided by�b)the fair market value of the Property immediately —.
<br /> ' befoc�the taking. Any balanc�shall be paid w Bor6ower.Ln the event of a partial taking of t�!e Property in wtuch the fair
<br /> maFket ralue of the Pmperty immediately befnre the taicing is less than the amount of the sums secured imarediately before the _
<br />. � ��. talsing,untess Borrower and I.et�der othera+ise ab�in wr[ting or unless applicable law athenvise provides, the proceeds shall _
<br /> , be applied to Me sums sectued by this Se�rity Instrument whether or not the sums are then due.
<br /> If the P►nperty is abandoned by Borrower,or if,after aatice by Lender to HorroMer that the condemnor offers to make an ___
<br /> .' award or settle a claim for damages. Borrawer fails to resporid to Lettder c++�hin 30 days after the date the notice is given, _
<br /> ' Lender is aathorized to callect and apply the proceeds,at iu option,either to restoration or repair of the Property or to the suats -_
<br /> � • secured by this Sewriry[nstiumeat,whether or not then dae. E
<br /> • ' 1'i.la�less l.eader and Borrower otherwise agree in wriun�. any application of prac.�cfs to principal shall aot 2�tend or
<br />� � posE��3he due date of ihe monthly paym�nts referred to in paragraphs 1 and 2 or change dte amonnt of suct►paycu�s;�s.. �=
<br /> 3I.Borro�er Noi Ideleated;Forbearnnce By Leieder No!a Waivea.Exteasion of the rime for payment or rn�xiifuation �
<br /> � of ammU7atian of the sums secured by this Security Instnament granted by I.ender to any successor in interest of Borrower shall
<br /> , not agerate ta release the liability of the original8orrower or Borrower's successofs in interest. I.ender s[*,alt not be tequited to _
<br /> oomu�ence praceedings against any successor in interest or refuse to extend dme for payment or otherwise�¢todify urttartiration
<br /> � of the sums secured by tliis Se��rity Iastrument by re�son of any demand made by ttce original Borrower or Bonower's =
<br /> � , successors in interest. A�+for6earance by L.�cier in exercising any right or remedy shall aot be a c+rs:.�ar of or prectude the
<br /> .:'� � exercise of any right or remedy. _
<br />• .K- flY. Sacce�soss and Assl�s Baund;3oi�ti�e�Sgvera! Liabfllty; Co-signess. 't'� covenaxs a�d agreements of thi3
<br /> 5ec4:e't:} �strument shall bind and benefit the successors and assigns af Lender and Fscram.xu:r. sd;,j�t to the gmuasions of
<br /> '' Pa�t���k i7. Eonrower's covenants and agrreemenls shall be joint and several. Any Ea.-vwer w�o ro-si�ns r�i� �n.curity
<br /> �• ' In.,,.�*n:m�`�:t�� aot execute the Note: (a)is cersigning this Security Ltsirument only to mortg�;�,:�anc and coavey that
<br /> Borru�r•er's i~v.-�a�,��a�rys Property w�der the terms of this Security Instrument;(b)is noi personally�n3�;ated to pay the sums =
<br /> ,� ' securesiL?f_�-s�os;7;c��Insqument;and(c)agrees that Lender and any other Borrower masy agree to ex�:nd.modify.forbear or
<br /> ,. ' make�►arxa��ltioras wIth regard to the terms of this Secvrity tnswment or the Nate��i�out that Borrower's��onsent. ■
<br /> !3.Loan�es. If the laan secured by this Seivrity Inswment is subject to a¢�a�r�r5ich sets maximum toan charges,
<br /> � � and that law is firr�i::�in:Qrpreted so that the interest or ather loan charges wllected or E�►hz collected in connection witD the =
<br /> Ioan eaceed the peanitted limits.then:(a)aay such laan charge shall be reduced by the amount neeessary to reduce the charge .
<br /> „� , ta the permitted limit:and(b)any sums already oollected from Borrower which eaceeded permitted limits will be refunded to
<br /> Borcv�,ar, Lender may choose to make this.refund by reduaing the principal owed uad�r the Nnte or by malcing.a direc�i
<br /> �. pay�r> to Bormwer. If a refund reduces prineipal, 4ha cr,�tetion will be treated zs a parti�! prepayment criiit�out azry
<br /> prcpayment charge�der the Note. • —
<br /> ' � 14.Nofices.r���r notice to Boaower provided for in this Securiry InsC*�nent shai�be given by delivering it or by mailing _
<br /> � it by first class mail uniess applieabte law requires use of another method.'I1ie notice sUalt be direcied ao the Property Address
<br /> or any other address Borrower designates by notice to Lender. My aatice to I.eader a�all be pven by first class mail to _
<br />� � Lender's address stated herein or any other address Lender designates by notace to Socrrau.�er. Any+notice pravided for in this
<br /> Security Instrument shaq 6e deemed to have 6eQn given to Borrower or Lertde,�when g"r:�:r�,provided in this paragraph. _
<br /> 15.Gmver�ilng Law; Severabiltty. Ttils Security Instrument shall �:�e gavemal cy federsi I:i�w and the law of the
<br /> � jurisdiction in which the Proyerry is tocated.In the event that any provision or clause of this 5�;�tyr.r,�ument or the Note =
<br /> • • conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or�e Nore a�efi can be
<br /> . �.ivr.xs�!'fect without the conflicting provesion.To this end tiie provisions of'this Security Instrument and the Nct��.��eclared
<br /> � t�L'�severable.
<br /> ' 16.Borra�+•cr's Copy.Borrower shall 6e given one conformed copy of the Note and of this Securiry Instru�rtent.
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