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<br /> pnymenta rtwy no IonQer be requirod.ut tha optl�n of Lendcr, jf mortgago inaurance cavcrage(!n tha a�noum end for Ihe perlad
<br /> — th�t L,ender roquiroo)providad by Rn Incurer rpproved by Lender a�ain beaomos available and is obtained. Bon'ower et�all pAy
<br /> the pr+emiunu roqpirod to rt�aliudn mat�a�o inwrance in efFoct.or to provide a loes Trserve,ant11 the requinemau fm awet�{e
<br /> inwnu�oe end�in acoordance with u►y w�i�len�rament t�etwoen eorrower an(i Lender or applicable law.
<br /> 9.ln�pectloa. I.ender or it���ent nu�y mako rea�conable enMea upon And inspections of the Property.L,ender�all�ive .
<br /> —_-- = Borrower notice�t the timn af ar priar to�n lncpectfon�pecifying reasonable cause for the inspection.
<br /> — 10.Coadann�tbn.The proca�s of anY ow�r+d or cloim for damages. direct or copsequential, io wnnedlon wfth any
<br />`-= condemnption or other takiry�of M►y part oP tha Pruperty. or for conveyancx i�lieu of candemnetion,sro heneby asai�ned a�d
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<br /> Nwll be pAid to l.ender.
<br /> -- in the event of a tot�l talcin�of�he Propedy,lhe proceode shal�be applied ta the suma secured by this 3ecurity lnstrumetU,
<br /> whether or not then due, wlth any czcess paid ta Bormwer. In the event of a partia! taking of the Property in which the fair
<br /> =—=— muka value of the Property immaiiucly before the taking is oqual to or greater than the amount of the sums secured by thia
<br /> Secudty Inatrumcnt immedi�tely beforc thc taking,unleas Aorrower and Lender otherwi�e agree in writing,the sums sxured by
<br /> this Security ]nsnument ehall be roducod by Ihe omount af the proceeda multipliod by tha following fi�ction: (a)the tc�tel
<br /> ___ �.,�_�_�.__—_ �unt of�he suma secured immodiatzly befnre the taking,divided by(b)the fair merket value of the Property inunedietely —
<br /> '�°��..�'�"��
<br /> before the wking. My balence ahail be p�id�a Borrower. (n the event of a pertial taking af the Property in which the fair
<br /> market value of the Property imme�iately befote the taking iR less than the amount of the sums securtd immed ate y ore
<br /> � taking. unless Borrawer end Lender atherwise agrx in w�iting or unless upplicable law otherwisa provides.the pracoods�ftall
<br /> °°�4`�"'� be opplied W the sums eecured by this Security Inatrument whether or not the sums are then due.
<br /> ���j `�4 if the Praperry is ubandaned by Borrower, or if.after noti�by l.ender to 9orrawer that the condemnar offera to meke an
<br />-- �?!�:: ' sward or setde e claim for dArtwge.g, BoROwer f�ils to respond to I.ender within 30 days after the date the nocice is given,
<br /> - ��`�=�=��� T..ender is authorized to cdlect and apply the procads,ut its option,either to nestoratian or repair of the Property or to the wims
<br /> ,_,�:_�-��;�:� cecurod by this Secur{ty Inatrument. whether or not then due.
<br /> �'�"`°- Unless Lender end Sarrower othenvise agrce in writing, any application of praceeds to principal shall not extend or
<br /> ,������ postpone the due date of the monthly payments rcferced to in paragraphs l end 2 or change the amount of such payments.
<br /> _ .,.,-.T_.:... 11.Borrower Not Releasedi Forbea�nce By I.ender Nol w WAlver.Eatension of the time far payment or madiFcation
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<br /> �-- u�,;;�;;;��?'�+�i:���+. of amortization of the sums secural by thls Saurity lnstrument granted by[.ender to any succeasor in interest of Borrower shall
<br /> �;�_�=��-�-� not operate to release the liability of the origin4l Barrower or Horrower's successors in interest. Lender shall not be required to
<br /> ;�',`,`•-.:�:- commence proceedings a�ainw uny suceessor in inrerect or refuse to extend time far payment or otherwise modify amortizetion
<br /> • � of the sums zocurcd by this Security Instrument by reaxon of Any demand made by the orlginal Horrawer or Borrower's
<br /> +� � successors in iourest. An forbearance b Lender in exerclsing any right or remedy shall not be a waiver of or preclude the
<br /> ' _�`�'•;°:'`,�" exer+cise of any�ight or rernedy. y
<br /> '�`'"�'''�"'`.""y��� 12. Successora wnd AcsiQnv Bound; Jolnt and Several I.Iability; Co-signens. The cavensnts and agreements of this
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<br /> • . �!=r�K Security Instrument shall bind nnd benefit �he successors and nssigns of l.ender and Borrower, subject ta the provisions of _
<br /> pa�agrnph 17. Borrower's covenants and agreements shall be joint und severul. Any Borrower who co-signs thia Securiry
<br /> Instrument but dces not execute Ihe Note: (a)ix co-xigning this Securily Instrument anly to mortgage.grant and convey that
<br /> ,`�'.'��. !" "� !", Horrower's interest in the Propeny undcr the terms of this;Security Inatrument;(b)is not personally obligated ta pay the sums
<br /> — r�i�`���_ .
<br />— ' � '' �� secured by this Securlty Instrument;and(c) agrees that i.ender und uny nther Borrower may agrec ro extend.modify,forbear or _
<br />-=� � ,�� . �''� make any acrnmmodations with rcgurd to the�ermx of this Secudry Instru.ment or the Note without that Borrower'a consent. -
<br /> �� ,"� � "•"`�'- 13.Loan Cho�ges.if�he loan secured by thix Security Instrument ix subject ta a law which sets maximum loan charges. _
<br /> ' •� and tl�at law is finally interpreted so that the interest or other loun chur�eg collecled or to be collected in connection wlth the
<br /> ����"�,�a"•: loan eaceecl the permitted limits,then: (a)s�ny tiuch loan charge shall be ralucal by the amount necessary [o reduce ihe charge
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<br />�•� �:,,.;�.y.. • � to the permitted limit; and (b) any sums alreudy collected from Ronower which exceeded permitted limits will be refunded to
<br /> � +��.��� Borrower. Lender may choose to make this refund by ralucing �he prinripal owcd under the Note or by meking a direct
<br /> _ --=�`'~"""" payment to Borrowcr. If e refund reduces principal, the reduction will be treuted as a partial prepayment without any
<br /> � u�.!".�"R`.`��'�"`�;'` ' prepayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shull be given by delivering it or by mailing
<br />_ — ����• � ! it by first class mail unless epplicable law requires use of anothcr mcthai.The notice shull be directod to the Property Address f
<br /> ��' .:�f,�.:.;._. or any other address Borrower designates by notice lo I.enJcr. Any nrnirc to I.enJcr shall be given b}� first class mail to _
<br />_��� ` ,, I.ender's address statod herein or nny other address Lender dcsignutc�by nntice ai&mower. Any notice provided for in this -
<br /> r .� Security Instrument shall be deemed to have been given tu&►rrowcr ur Lcndcr when given us pmvidal in this pangraph.
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<br />� ',.',� , I5.Governing I.aw; Severwbllity. This Security Instrumcm �hull he govcrnod by faieral law and �he law of the
<br /> —,,�y�. . .,,,,� jurisdiction in which the Property is located,In the event ihL�uny pruvi.ion ar cluu�c uf this S��curity Inswment or the Note
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<br /> — ,,,; ,;;:,` :.:. contlicts with upplicable law,such conflkt shall nut nfl'crt�Nher pr�rvi+iun�uf�hi�5ecuriry Inx�rument or the Note which can be
<br /> . given eifect without the conflictfng provision.Ta this erxl th�pru�itiiun.�N'Ihi�Serurity In�trument unJ the Nate nre declared
<br /> _- �'� � ' to be severAble.
<br /> i�.:�, • ^ 16.Borrower's Copy.Borrower sl�ell be given one rw�tiirm��l«�py ul th�Nuic ui�l uf thi�Sccurity Instrument.
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