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<br /> pay�nents may no loa�er be requia�ed.at[he option af Lcader,if ittortgage insurancc coverage(in the amount and fmr the period •x.f,o�
<br />` tfiat Lender rquires)provided by an insurer approved by l.ender again becortte�available and is obtained. SorroH'er shall pay �.;
<br /> the premiums reyuireci to maintain martgage insurance in effect,or to pmvide a loss reserve,until the requirement for mortgaga - ,,...
<br /> _� i�up���d�iss acrosd�ce+:itts any writteo agreemer►t 6et���een Botro�ver and L.ender or appiicable law. ��; :
<br />- 9. Inspectton. Lender or its agent may make reasanable enuies upan an�inspections ef the Property. ixnder shali give ��
<br /> Borrowei notice at the time af ot prior to an inspection specifying re�mnabie rause for the inspectian. ���,�:,
<br /> 10. Condemnation. The proceeds of any award or claim far d�mages. direct or rnnsequential, im m�n�ction aith any `i���;:;��,
<br /> � condemnation or other taking of any part of the Property.or for rnnveynnce in lieu of a�r.demnation,are h�seby a.csigned and ' :},T�E�_
<br /> shall be paid to Lender. ;•�"�.-6
<br />' .� In�hc event of a total taking of the Propeny.the proceeds shall be applied to th�sums secured by this Secw'sry Inscn�ment. �:oa:
<br /> '�, whether or not then due, with any excess paid ta Borrovser.In the evcnt mf a partial taking o1f the ProPeriY in which the fair �..
<br /> maricet value of the Property iu►mediate�Y before the talcing is eclusal to ar gm-ater than the amount of the sums secured by this �_,�;;__
<br /> , Seeurity insmiment immediately before the taldng,w►less Borrawer and Lender oWerwise agree in writing,the sums secwed by �--
<br /> tGis Security Instrument shall 6e reduaed by the aawunt of the pmceedf� multiptiecl by the follon+ing fraction: (a) the total .�:_
<br /> amn�nt of the sums secured immediately before the taking,divided by(bD the fair market value of the Properey immediately
<br /> before ttie taking. Any balance shal! be paid to Bonower. In the event o�a partial taldng of the Property in which the fair s -
<br />` marlce2 value of the Property immed�ately before the taldng is less than the amount of the sums secured imn�ediately before the ��;��
<br /> �ilnR!
<br /> • ta�ciag,nnless Sormwer and Lender otherwise a�ee in�vriting or unless applicxibte law otherarise provides, the proceeds shall S�y:��t
<br /> �+�.;:.�..:.
<br /> be applied to the sums secured by this Security Instrument whether or nat d�e s�uas are then due. ¢�i:;:F:�:�r:.
<br /> rc.tiA e:.V�� �atia,�.+���_i hy Rnrmkes. or if.after notice bv Lendcr to Borrower that the condemnor offers to make an �'.,�.��i��+�;'
<br /> award or settle a claim for damages. Borrower fails to respond to Leader within 30 days after tl��date the notice is given. �r��;F`�:.
<br /> � Lender is authorized to coltect and apply the proreeds.at its option,either co restoration or repair of the Property or to the sums ��,,,�'�
<br /> ' secumd by this Security instmment,whether or not then due. ���'�•-
<br /> Unless i..ender and Bnrrower otherwise agree in writing. any app{icution of proceeds to principal sh�ll not extend or �:'.
<br /> �� ' postpone the due date of the monthly payments referred to in paragtaphs 1 and 2 or change the�unount of such paymeats. �r•�s�
<br /> 1�� ;� ll.Borr�m�rer Noi Fte2eas�d;Forbeat��BY Lea�Noi a Wztiver.Exteasion of the time for payment or modificxaon • �;
<br /> of a�orpzarion of the sums sec�s�bY ttfis Security InsuumEnt granted by Ixader to�s,�r successor in interest of Barroaer shull �..
<br /> �� noi rate to reiease the lia6ilit}�c,F the original Borrower or BorrowtK's suocessars iu i3�t�est. Lender sha11 not tze e�equired to '%��°,
<br /> � �
<br /> wmmence praceediss�s again�Y�::i s:cvesscr.i�interest or refuse to eFt�nd[ime for y�j�ent or otherwise modify amort�ation �;��u->
<br /> ' :'.+,� of tAe sums s�cur�od� by 4his Seauity I�qx¢-�nt by reason of any demar_d made by the original Borrower or Borrower s �+`��
<br /> successors in inter,°�sst.Any forbearance by L�der in exercising any rigl�l'^r remedy shall nat be,3��u:si�er of or preclude th��
<br />-• ''.; exercise of any right or rem�y. s�;;��
<br /> ': i 12. Snooessors and As�sigos Bound;Joint an�!Several Liahility; Co-slgners. The covenanu snd ag��nts af this ��'°
<br /> � ; Security L�strument shall bind and benefit the successors and assigns af l�ender and Sorrower, su6ject W the �tuvisions of �
<br /> � - paragraph 17. Borrower's covenanu and agreemenu shall b�joint and several. My Borrower s�;i�o co-signs this Security �,-
<br /> ' �! Insavment but does not execute the Note: (a) is co-signing this Securir� Insvument only to mortgage,grant and convey that __
<br /> � Z Borrower's interest in the Propecty under ihe termg of this Securiry In..�twment;(b)is not persoaally obligated to pay the sums
<br /> � secured by this Security Ir�uument;and(c)agrees that Le�.'�r and any ather Borrower may agree to extend.modify.forbear or ��: ,.
<br /> �� make any aocammodations with regard to the terms of this Se�uity Instn�ment or the Note without that Eorrower's eonsent. P.�.—��-
<br /> : �;,
<br /> .�.;(��, i3,Loan�arges.If the loan secured by this Securiry Instrument r.s subject to a law which�s ma�cimum ioan charg�., �•��-°
<br /> �„s
<br /> � � and that law is fir.aily iaterpreted so that the interest or other loan d�aes coUecaed or to be colt,�u�s3 in oonnection with the
<br /> �• �% loan eaceed the permitted limits,then: (a)any such loan c*�e sh�ll be reduced by the amount necessary to reduce the charge �T
<br /> ��_`�.{• to thc pemtitted limit;and(b)any sums already collected fram Borrower which exceeded permitted limiu wi11 berefunded to ;`u!?{N,
<br /> rfky��
<br /> � Borrowe,r. Lender may choose to make this refund by reducing the principal owed under the Note or by m�lcing a direet �:•
<br /> • � ; payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without an�- ��_
<br /> � • prepayment cha�c+:under tfie Note. --
<br /> � 14.Nottces.Any nouce to Borrower p:avided for in tlus Securir�Insuument s"a:!be given by delivering it or by maiting �a^
<br /> � it Ly�arst class mail unless applicable law requires use af a��ther methad. The noti,�e•firrell be directed to the Fr.u{=r:rry Address ���,�??,e::.
<br /> `, or:ft.y olher address Bortower desi�nates try notice to Lender. A�y natioe to Lr��..i�_r shal! be given by fint �lass mail to �,�';;`;'`.-.
<br /> ':� �U��
<br /> I.Pnder's address stated herein or any othc�zr3dress Lender designat�by nouce to Borrower. Any eotice provided for in this --_
<br /> :�, �`., �;
<br /> ;:;'�i Security Iasuument shall be deemed to have 2r�n given to Borrower or Le,zder when given as provided in this paragraph.
<br /> k��.
<br /> ,:?,± �S.Governinb Lavr; Severebllity. This Secuaty lnstrument sh�Si be govened by fedem] law and the law of the
<br /> ��i j�:�;vii��lion in which the Property is located. In the event that any provision or claa::�of this Securiry Insuum�t or th9lVote �t,;s��=
<br />.;,�,� '.i co:cl��zcts with applicabte law,such conflict shall not affect other prov3sions of this Seci:s�y lnstrument or the Note�ti�Voi�can bs �"n,:•
<br />�.,�f;;�% gi•a:er�effect vlith,��the conilicGng provic�:�.r. To this end the provi�:ors �f this Security Instrument artd the Nate are decl�:rod �
<br />'�5��t`�i tc it�.severable. �--•
<br /> �"�°� 16.Sorrovler's Copy.Bonower s%aJ•4�f',�:given one conformed coFy of the Note arxl of this Sec�rity Insmament.
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