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<br /> _ paymenu rtuy no lon�er 6e roquirod,at the option of Lcnder. if moAga�e Inwranx covera�e (in the wn.�nt nnd for 1he period =—
<br /> _ ______ ____ tl�t Le�xler rc�ulr.,r)providcd by un i�surcr�sFra��cd by i,ender�ain becames availa6le and is abiajned. Borrowcr ehell p�y r
<br /> ___-- _ �hn pmniurro required to maintain mortaegc inwrnnce in cffoct,or to provide a la�ncscrvc,undl the roquirunent for mort�e =
<br /> �. �r.� inwrance enda in acxordance with any wrltten agreement betwecn Bnrrower and L.cndcr or applicablc law.
<br /> - 9. lnopeelloa.Lender or ita agent may matce masonable ent�ies upcm and inspa.iiom of�he Property.Lender�Iwll�va
<br /> ' Borrower notice at the time of or prior to an inspection specifying rcaconable cauxe Por the in:poction.
<br /> - 10. Coadtmruttbn.The proceeds of nny awnrd or cluim for damages, dircct or consequemlul, in connection wilh any �_ -
<br /> oondemnation or other tolcln�of any pa�t of tho PropeRy,or for conveyanco in lieu of condemiwtion.ore hereby�ri�nod aad
<br /> '':"-' ' tlw116e paid to Lender.
<br /> {�;,�;� in the evcnt of a totol taking of the Propetty,the proceods shall bB applied to the sums secured by thia Savriry lostniment,
<br /> • ` u` whether or not thcn due, with ony exress paid to Borrower. In the evrnc of�paztial taking of the Property in which 1he fair
<br /> �i�,ou,._', °�'+t� mAtket value oP the Property immodietely before the teking ia equai to or grepter thpn[he amount of�he sums secured by thi�
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<br /> -- - .. . . 5ecudty Instn►ment immediutely before the talcing.unless Borrower and L.ender othcrwise agree in writing,the sums socurod by __
<br /> �^ •� - ••�i�' thia Security Inatniment ehall be reduced by tho emount of the proceeds muUiplied by Ihe follawing frxtion: (a) the totnl
<br /> � �-'� � amount of the sums cecurcd iaunediately before the taking, divlded by(b)the fair market valuc of the PropeRy immodiately
<br /> ��' � n• befor+e thc tWcing. My i�lancc shall be paid to Borrower. ]n�he event of a partial taking of the Property in which the fair
<br /> ��''� .�""��.,�•,,`� market valua of the Property immediately bofore the tel�ng is less then the artwunt of the surns secured immediately beforo tha
<br /> ��:.'.�'�.�:.=i:x^:. `� taking.unlesQ Horrower and Lender otherwise agroe in writing or unless appiicable law otherwise pmvides,�e prooada rhall -
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<br /> �;.t�� ' �`�':� � be opplied to the cuma securod by thia Secur�ty Instrument whether or not the sums ere then due.
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<br /> - � �,;,-`,;;;.�.,�,� If the Prope�ty is abandoned by Bornower,or if.aitcr noticc by i.ender to Borruwer lhwt the condemtar off�ra to nu►ke an �_
<br /> —�',-; � awerd or setile a claim for dwnpges, Borrower f�ils to respond to Lender within 30 deys after the date the notice is given, -
<br /> —�•'• - '''�'�'� . L.ender is aulhorized to collect end apply the proceeds,at its option,either to restoration or repair of the Property or to the oums
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<br /> ^,•:�.�• • _, ;�;,; cecured by thia Sxudty Instrument.whether or not then due. �==�
<br /> '�'' " '��'�� Unless Lender and Borrower otherwlse agrce in writing, arry application of pracceds Io principol sh�ll nat eztend or
<br /> =�� • ' �'''"' postpone the due date of Ihe monthly payments referced to in paragraphs 1 and 2 or change the Amount of such payments. "
<br /> ,�.;� � ����� 11.Borrower Not Released;Forbearance By I,ender Not a Walver.Eatension of the time for payment or modificatioa
<br /> •,� � • „� of amortizatian of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shpll
<br /> '� � � not operate to release the liability of the orfginel Borrower or Borrower's successors in interest.L.ender shall not be required to
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<br /> cummence procealings�ofnst any successor in interest or refnse to extend time for payment or otherwise modify tunoRizAtion -a--.
<br /> �J'�` ,��;+•.d.��°,. t ' of the sums secured by this Sec�arity Instrument by reason of any demand made by the orfginpl Borrower or Borrower's
<br /> _ �°'.. �- -��..-�"_."'°_ �u�xxasu,� iu i��to�t. A�Ir Iuf�iCi�rlult,e�y L.�ik�f {B dR�PCIb{iig aiiy f��Iii 8f iZiii�y SIiSII i�8i I3f:i LL'alYCi 8F OT}'3iCCIi7�C 1�IC f:;'"
<br /> • ° ezercise of any right or rcmedy.
<br /> • ' `' ' . IZ. Suooesso�s And AsslQns Round;Joiat wnd Several Lipbility; Co-slgners. The covenonts end agreements of this
<br /> . . .2Y, Security Instrument shell bind and benefit the successors and assigns of Lender and Bonower, wbject �o the provlsions of
<br /> � �''''' paragraph 17. Borrower's covenams and agreements shall be jaint and sevcral. Any Bor�+ower who co-signs this Seturity
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<br /> _ ;}� ; in�trument but does nat execute the Note: (a) is co-signing this Security Instrument only to moAgage.grant and convey that __
<br /> .� '` � Bomower's intercst in the Property under the terms of this Security Instrument;(b)is not personally obligated ta pay the sums �---,_
<br /> ''� ~'�A secured by this Security Instrumenr,und(c)agrees that L.ender and any othcr Bonower rtwy agree to extend,modify,forbear or -
<br /> "_ � ' . � �p . m�lce any accommodations with regard ta the terms of this Security Instniment or the Note without that Borrower's consent.
<br /> _ • ' • 13. l.o�n Charges.If the loan secured by ihis Security Instrument is sabject to a law which sets maximum loui charges,
<br /> �� �°°�'"�"� and thnt law is finally interpreted so that the interest or other loan charges collcxted or to be collected in connection with the --
<br /> '��:f 'b � •� loan eaceed the permitted limits, then: (a)s�ny such loan charge shall be reduced by the amount necessary to reduce the ctiarge
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<br /> �'' •' ' � . ° to the pertnitted limit: and (b) any sums already collected from Borrower which exceeded permitted limfts will be refunded to �•'^
<br /> - �� � � Borrower. Lender may rhonse to nwke this refund by reducing the principul owod under thc Notc or by making a direct �_..
<br /> j �'""�`�. payment to Borrower. If a refund neduces principal, the reduction will be treated as a partial prepuyment without any =--
<br /> � .� .��� prepayment chorge under the Note.
<br /> ' �.•• 14.Notiees. Any notice to Borrower provideJ for in this Security Instn�ment shall be given by delivering it or by mailing �
<br /> it by first class mail unless applicablc law requircs usc of another mcthod. The notice shall be directed to the Property Address e���
<br /> or any other address Borrower designutes by notice to L.ender. Any n�Hice to l.ender shall be given by first class mail to
<br /> �' � ° Lender's address swted herein or any other Address l.ender designates by notice to Borrower. Any notice provided for in this
<br /> � � Securiry Instrument shull be Jcemed to have been given to Borcower or IL�ender when given as provided in this paragraph. __
<br /> ' '" ` IS. Governfng Law; Severabllity. This Security Instrument shnll be govcrncd by federal law and Ihe law of the
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<br /> r• jun.,.!'.cticn in which the Property is IacateJ. In the event thut uny provision or rlausc of this Security Instrument or the Note -
<br /> ' canflicts wUh applicuble law,such conflict shall nut uifect other provisions of this Security Instrument or the Note which can be °
<br /> . given effect without the cunflic�ing provision.Tu this end�hc pmvi�ions uf this Security Instrument nnd the Note are d�cclaned
<br /> to be severol►le.
<br /> - ' � . , , 16.Borrower's Copy.Borrower shull be givcn onc coni'omnYi copy of the Note And of this Socurity Instn�mcnt. �
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