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<br /> ''� paymea�s may no longer he re�uired.at the op6on of Leader.if mortgage insuranse coverage(in the ainount nnd for dce peaiofl E°, . �`: •` � � �
<br /> .� t i�a t L e n d e r r e q u i r e s)p r u v i d e d b y a n i n s i u e r a p p r ov e d b y L,ea�der a g a i n bec�nes ava�table and is obr�ined.�oirower s�a11 p�ay th: `-;=_ - ` ' -
<br /> �miums required to maintain mortgage insurance in effect,or m provide a loss reserve, until the m,qWremeut for ffioitga�c . ,
<br /> insurauoe ends in aocardance with any writtea egre�rat br�weea Hatrower and L.eader or a�plicablE law+. � . _
<br /> 9.Insyectton. Lender or its agent�ay matce rea�osable eniries upoB a�d in�ns of the Propeaty.Leader shnll giv�: '
<br /> Bonower notice ai thx tirne af or paot to an is�specti�n specifying reasonable caus�e for the inspectian. ' � ,, '. �
<br /> l0.Coa�e�asetIaa. 'lZte pms�s af any aw2rd or cLasm for�amages,dire�t ar consequenrial.in cflnaection wih asay ; _.. .. � _: �� -- - -
<br /> cond�u�ation ar other m�sing of any part of ihe Propercy,or fQr conveyanse in tieu of ooudemnEtion,are heieby assi8aed av� ' �
<br /> s�all be paid m Lendes. ` � , ''
<br /> In the eveat of a tntal t�king of the Fmperty.the proceeds shall be applied tn the sums secv:ed by this Security Instrum,ent, � - ,
<br /> - w h s t her ar no t t h e a d u e,w i t b a a y e x c e s s p a i d t u B o i r o w e r.I n t h e e v e a t t af a g a r a a l talan g of the p c o p e c t y in whic�the fair ntarYx2 r • _ . . i.::'
<br /> vaiue of the Properiy immediately befoie ths�g is equal ro or gceateJ than the amouas of the sums s�amed by this Seauiry ; - • _
<br /> • 1ns�umeut unraediately bedore the talc�g, imless Borrowel and I�der othe�wise agree in writing.the sums sec,vmd by this . • ;�;�„�;�.�•-,
<br /> '• SerACity Instrumant shall be iedncxd by the amount of the proceeds mal2iplied by tke foltowing f�action:(a)the wtal amaons of . .4,-
<br /> the sums seaued immediarely before the taking,�ivided by(b)the fair market vaLae of ttte Pmpeihy immediately befone tme ; � • , . ; ,_._:
<br /> ==`, alcu►g.Any balaare st�all be paid ro Bormwer.In the event of a partial taking af the Pro�rty m w2�h the fair�•1alue of tt� - _.- -. :.,��
<br /> � � �P�Y ���Y befare the mlcing is �ss than the amonnt af the sums seciued immediarely before the ta1�g, unb�s � -� - --:�;,�_
<br /> " Baimwea aad Leacier othenvise a�ee in writing or unless applicable law otheawisc pmvw�;s..:ie praa��1s shall �e a�fie�t tM •�x.���
<br /> � � snms secured by this Sec�uity Instrume�st whetha or aot the su�s aie then due. ` ; �+'?��
<br /> : , If the Propeity is a6andoned by Borrower�or if,aftei notice by I.e,nd�to Bo:rowea that the cond�mnos offezs w mat�as� -
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<br /> �•; award ar settte a cNaim far damages,Bonower fails to respand tn Le�dca within 30 days afw the date the notice is giveA.I.e u� • ; . �.,
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<br /> :� is a�uhQrized ro wl�ect�d appiy dcQ pmceeds,ai its optifla.either w resw�arion or mpair of the Pmpeny or ta the suv�s secar� . : �.�`�""'�.;;,:��
<br /> �-: by this Security Ins�ument,whether or no1 the�due. ' _ ' '• �.� —
<br /> -� UnIess Lender and Borrowrd othernise ag�ee in writing,any applicarion of p:ocex.ds w principal shall not eaueud mr postpvn: I'=. :- . `• ;� ^-
<br /> , f the d��date of the montbtY PaYmeats refeaed w in pa�agraphs 1�d 2 or cl�ange the amount of s�nch payments. 1t. ���,i .
<br /> 1L Borrawer No!Rdeased;Forbwrana Sy I.ender Not a�VVaiver. Fa�teasion of the pms far paym�t or modi6qtr�ow t� ' �' .
<br /> .,i ag amo:tir�tion of the suu�s s�by this Seaaity Instrumeat granted by I.ender to any suoce�sai m�te�st of B�aowe�si�l . .!':.R
<br /> • � �at o��release the liab�7ity of the ori,ginat Boaowea or Hamuwer's sur.c�s�a�zs in�L,eudea shtill aot be re�ire�d to , , : _
<br /> ' ���tTa��Bs�1�Y��m inteiest oz refuse w exteud time far payiaeat or oth�modify am�nn o� ' "`q°.� .
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<br /> � . ti�sums sacured by this Seauity In.�ument by reasoa of any de�and made by the ariginal Boaower ar Boirowa's sa�ssois '�� '`; �
<br /> . �interest Any faibea�ance by I.eudea in exercising aay rig6t or rcmedy shal!aac t�a waivea of ar p�de thc�xec�ise of any .=::'.�'r� ,a+. _..
<br /> ` . rightorremedy. ��•• . � �;� , .
<br /> C�a'ILe cove�ntt at�d a,greanea3s of t�is
<br /> . 12.SIIOCessors and Assigas Bound:�ouit and Se°era!Llab�ity. '' �,���;y. , t .
<br /> Sec�inr Instr�unent shall bind and be�efit the suocessors and assi�s vf L�a�ri and Baamwea,subj:,ct ta the paavisi�of ' :.:-� , r�`�•;.�
<br /> para�aph 1T. Baaower's wva�ants and a�gnements s h a ll b° joi�L�d s:v a a� A ny Boirowea w bo co�s7gns t h i s Secasi ry _ -��,;
<br /> �- ;nsuume�t but does not eaecute t he Noi� (a)is co-signing t h i s Sec�y i���t o Wy o o m o�a g�,g i a n t a a d c o m�y t L a Y . •�,:�;. •
<br /> t3naower's mtemst in the Pro�ty under�he teims of this Sec�rity L:strumen�(b) is not peisonaUy obligtued w pay t�s�a� `��`°^_
<br /> ••.�.,; �;sed 6Y t�ris Security Listrumc�C and(c)agrees thst L,�da and�.g oil►ea Bosowea may a�ee w extend.mQdi£Y.fvrir�r ar '�:�'-°
<br /> �'' ' c�:e auy�a..�^^�adations wiW re�ard tn the t�ms of this Security Iu.nremeni or the Note wc�f�t Boauwer's o�as�E. -�'
<br /> . ,� 13 Y�c r:.�asg�v. if the Ioan secured by this Setauiry Instr�ea�t is snbject tn a law�sets maxim�lc�an ctcu�'�, _ _ _
<br />� ,m.�i thai laa c�finally ml�eted so�that the intaest or other loan charges colleeted cz to be coIlected in connflttian ari�th�ic,am � {�~ " -�
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<br /> ��ceed the pamitted limu:,.t�en:(a)any sucb toan chuge shall be reduced by dte�ars�t necessacy m mdu�e ci�e c,i�ge to t�o �_ .,
<br /> � t�and @)�'sams almadp collected from Bmmwer which exceeded pe�mitted lim�s w�l be r e f a ndsd tfl Barmaver. T� .
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<br />-:`.:;�, I.eaid�r may chaose ta�ake ihis refivrr�;Try rcducing the princi�al a�.�ed undea the Note or tz�,� maYing a d'aPC[�tu
<br />.`�,.,� � Bomower.If a refund cr��ces PrimciF:l�,dse red�ctinrs w�l be trr�E as a par�al piepayment wirh�ni anY P�Y�t� '��`�'"'�'°���
<br /> �mder the Note. '�
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<br /> 14.Notkes. Any rnsti�.;w Bosower provida.�fior in��is 5eturnty Instrumeat shall be give�by de9ivecsu�it.or by�i3i��g it� . ;��,,�,�,��.�--
<br />' by fust cL�s ma��ci�a�plicable[aw requues use uC�aoth�me�r.rd.7tie notice shall be direcced tn the Fmpcaty Ad�rrrs aa =T -z.-.`._
<br /> any other ad���s�.r-osra���designates by noace w Lendec.AIIy aaara:to Iender shall be givea�by fust clasg mail ta LEad�r's � � . ..
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<br /> address s•-�t.e�eui�r r,�y other address Lender design�tea by c4t�,x tn Boimwer Any notice provided fmr m this Ssasisj� -.,;.,�3a. .
<br /> . lnstrmn�t stiall be d�i it�have been giv�w Boimwer or Leader when given as provided ir►tLis p2rag�aph. _. ,;.� ; -
<br /> 15.Governing Larr��vera6iL'ty. 'Ih}s Sec+uiry Insm��t shall be govemed by federal iaw and the !3w of d.e ,� . •. -
<br />. . jurisdicflon in which the Progerty is locared.In the event th�t any provision or clause o4'this Secu�ity Insav�aent ar tEe N�tr� . ''�°�.f�,..,� . . -
<br /> �. cont]icts with appticab2e 1aw.such wnilict sball not affect other provisions of this Security Inswm�nt or the Note wh:ch�be � .�y�p�,���,.~*t;..
<br /> en effect without the contlictin v�sion.To this ertd the v�sions of this S tnsuumeai and the NoCe anr dectars�d ec� � �;;."'`r�i�
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