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<br /> w payments moy na lon�er be requirod.at Ihc aption of I.endcr,if mortgaQ�insurance coverage(in the amount und for�he period
<br /> - th�t Lender rcqui�e�)providcd by an insurcr�uppravcd by Let�der agAin ts;comes avuiinble ond in obtained. Borcawer aha!!pay
<br /> - the p�amiurt��quirod to m�intrin martQ�te insurarice in affect.or to provhic�loss recerve,until the requirement for mort�a�e
<br /> ,__ �.___- insunnue end�in cca►rdance wi�h qny written A�troement betwcen Barrdwer and Lender or oppiicoble law.
<br /> - -- i' 9. ��cllup. Lender ur it�agent may malce rcasonable enirics upnn r►nd inspectians of ihe Pmpeny. Lender shell�ive
<br /> '�` '� Borrower n�►tice ot the dme of or prior to an inspectlon specifyin�re�.wiwble cause fiir the intipection.
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<br /> - -- 10. Condemtwibn.The proceedr of Any uwurd or claim for domages, di�ect or conxequential, in eannectiun with uny
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<br /> �-� cnnclemnatinn or�ther�Wcing af any p�rt af the Property,or far canveyance in lieu of condemnetian,are hereby a►si�ned And
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<br /> �� �Iwll be paid to l.ender.
<br /> !n the event of a totnl�aking of�he Property,the praceeds shall be applied ta the suma secured by this Securlty Instrument,
<br /> __ .____ _____�..._ W�thcr or nat then due. with any excesa paid to Barrower. In the event of u partial tuking��f the Prnperty in which the fuir
<br /> _ --- - - ,,,_;�,;, market value of the Pa►perty immediately before the takiog is equal to ar greater than the amount of ihe sums socured by thia
<br /> '!�fY�fYYCY�� Secu�ity Instrument immediutely befare the taking,unless Borrower ctnd l.ender otherwise agree in wrlting,the suma secured by
<br /> -- this Security lns�rument shall be reduced by the amount of the proceeds�multiplied by the following fractian: (a) the rotal
<br /> amount of the suma securcd immediataly before the laking.divided by(b)the fair ma�ket value of the P�operty immodiately
<br /> ��r�� before the taking. Any balance shnll be pajd to BoROwer. In the event of a partiul taking of the Pmperry in which the fair
<br /> - market value oi tho Property immediately before Ihe taking is less than the umount of the sums�ecured immediutely before the
<br /> —_-____ ___ taking, unless Borrower sind Lender atherwise agree in writing or unless applicable law atherwfse provides, the pracc�ds shall
<br /> �� -- bo npplied to the sums secureci by this Security Instrument whether or not the sumR ure then due.
<br /> _ If the Praperty is abandone�by Borrower.or if,after notice by l.ender to Bonower that the condemnor offers to make an
<br /> - pward or scttic a claim for damnges, Borrower f�ils to respond to l.ender wfthin 30 days ufter the date the notice is given,
<br />`�; y � �� ' ' ��.t�;� Lender is authorized to collect end apply the praceeds,ut its option,elther w restoretfon ar repair af the Propeny or to the sums
<br />-_ , �`�t•��,,�,..- securod by this Security Instrument.whether or not then due.
<br /> " � Unless L.ender and Borrower othenvise agree in writing, any npplication of prceecxls to principal shall not extend or
<br /> , ��w-��t postpone the due date of tha monthly payments referred to in paragraphs l and 2 or change the amount of such payments.
<br /> i*�'� �°� ` � 11.Borrower Not Released;Forbearance By I.ender Not a Waiver. Extension of the time for payment or modification
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<br /> -_, :;,� �,+,...•�.'�` . of amonization of the surns secured by this Secu�iry Instrument granted by Lender to any successor in interest of Borrower shell
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<br /> :;:� ••N:?t�i-;,•;�;���• not operate to rclease the liability of the originul Borrower or Barrawcr's successors in interest.l.ender ahall nat be required to
<br />_- • ::�,«�'�.`•�+_ .,:�ri+rr,::� commence proceedings aaainst eny successor in interest or refuse to extend time for payment or othenvise madify amortization
<br />-- �';:"";:':�,`+,„'`"'�' of the sums setured b this Securit instrument b rcason of an demend made b the ori inal Borrower or Bonower's
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<br /> �t;�� ��•`�`•=" �'-'° successors in interest. Any forbearnnce by Lender in exercising any right or remedy shell not be a waiver nf or preclude the
<br />--- .� � eaa+clse of any r�ght or remedy.
<br /> �`�"'' ' ,, 's� • 12. Successors and Assi�nr Bound: Joint and Several l.ipbility; Co-signens. The covenunts and ugreemcnts of this _
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<br /> ` -�-- i• . --,-�,; Security Instrumen[ shall birsd And [�cnefit the successars und a4signs af I.ender unJ Burrower, subjecl to the pn�visionx ui -
<br /> � � .` parngrnph 17. Borrower's crncnunt�; und agreements shall be jaint and severul. Any &irrower who ro-zigm this S��curity
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<br /> ' �' ' � Instrument 6W d�xs nrn a;xecu�e the N�Ne: (u) ix cc�-signing this Securi�y In�trument anly a� mongage, grant und convey th�[
<br /> �° `� � c Barrower's intcrest in thc Propcny under thc�ernn�►f thix Sccuri�y Insirument:(hl fs n�►t perzonally��bligalcJ��i pay ihc tiumti -
<br /> ' , �;�.:. ` s�ecurod by thir Sc��urity Instrun�cnt;und Ic)ugrces thut Ir.nJer anJ uny uther &�rruwcr muy ugrec tu cxlcnd, m��lify, ti�ihcar c�r
<br /> ' ' """'"'"""" •�� make any Accomm��iutinns with regLrd lo the terni.r uf thi,S�tiurity Insln�nknt��r the Nutc withuut thul Hurruwcr'.r•coment.
<br /> �' l �•� � �� 13. I.�wn ChwrR�w. If thc loun +ccurrd hy �his 5rruriry In.lrununt i,�uhjrci �o:i law whirh,et�m•rzimum loun chArgcs,
<br /> �; ' ,.�.', ,, �,, �,• unJ thut luw is lin•rlly interpret�vl ,�� that the interext�ir other loun chur�se+cullrca�l ur tu Ix� cullrcteJ in r�mnecd�►n wlth the
<br /> J." , • ,ibl�r:,:.:'':, loan exceeJ the pcm�ivai limits, then: (u)tmy �uch loun churgc,hall Ik rcJurcd by Ihe unwunt nccc�sury t�i reduce thc charkc =
<br /> 'F�� ' :`'.��??'� � to thc permittod limit;and(b)uny sums ulrcaJy collertcd t'rnm &rrrti►W�rr wl�ich cxrccJ��i �x:rmin�Ki limits will bc rcfundcd to
<br /> //`' � ' '"�'if°'`"ri0''' •��� Bormwer. l.i:nder muy choose to makc this refLnd by rcJucing thc prinripal uwcJ unJcr the Notc or by making u direct
<br />/ ' '� "�`� payment to Barrower. If u refund reduces principul, thc rcdu�ticin will lx �rca�cd as u partiu! prepayment without any
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<br />};' � „ ,•� •� ' ;�� . prepayment churge under the N�Ne.
<br /> '. =`"� , 14.NoNces.Any ni�tice to Borrowcr provided tiir in this Securily Inslrunxnt�hvll he given by delivering it or by nwiling
<br /> � ''�!"�'-� . it by first clwss mril unless upplicablc law reyuir�s use uf anothcr methal. The n�itice.hall bc directed tu the Property Address
<br /> " �'' a�''" '•' or uny wher addresr Bnrcowcr dcsignules by noticc tu I.enJcr. Any nu�icc w L.�ndcr tihull be given by first clatis mail tu
<br />'�'a,, � '� �' [.ender's nddress stAtrd herein or any o�hcr aJdress l.endcr Jr�ignutc.by n�uice to&�rrowcr. Any notice provided fix in this
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<br /> � �-+ Security Instrument shall hc deemeJ to have lxen given ta Borrowcr cx I.�:ndcr when givcn•rs provided in this paragraph.
<br /> •� ,r,�:�•-.• 15.(',overoing law; Severability. 'i'his Secu�ity Instrumcnt tihall he gnveme�l hy tcdrrul luw und the I•rw ofthe
<br /> > �° jurisdiction in which the Pmperty is Icxat��1. In the evem that •rny prnvision or rlau�c of thi+ Sccuriry In�tn�mcnt or the Note
<br /> � ��'•��• canflicts with applicuble luw, such conflict tihall nut affect othcr prnvi�ion���f thi+Srcurity Intitrumem or the Note which can be
<br /> •, ' given cffcct without thc conflicting provician.Ti�thic cnd thc provixion. of thi�5rcuriry Instrumcnt and thc Note vre derlure.i �-:
<br /> • to be severablc. -
<br /> 16.Borrower's Copy. Borrower shull he given on�wiiti►rnkJ cupy ul thc Nutr�nJ uf�hi+Srcurity Instrument.
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