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<br /> I paymcnts may no longcr bc rcquircd,at tha opUon of Lendcr,if mortgngc insurnncc covcragc(in thc sunount and for ihc period
<br /> . , that Lendcr rcyuires)provtdcd by un insurcr approvc�by Lendcr ngain bccomas aveilnbta and is obtaincd.Borrowcr shall pay thc
<br /> � prcmiume rcquircd ta meintain rno�zguge insurancc in cffcct, or w providc u loss reserve,nnpl the requiremcnt for mortgage .
<br /> insumnce ends in accardnnce with eny written agreement betweea 8arcower and Lender or appUcnble law. �nder shall give
<br /> 9.Inspeetton. Lcndcr or its agent may mA,ce reasonable entries upon and inspections of thc Properry•
<br /> � Borrower notice at the dme of or prior to an inspection specifying reasonabla cuu�e for tho inspection.
<br /> 1 10.Condemnation. 'The proceeds of uny award or claim for damages, direct or consoquent�nl, in connecaon with any
<br /> � candemnation or oiher teicing of any part of the Pcoperty,or for conveyance in lleu of condemnation, are hereby assiBned and
<br /> � shall be paid to L.crtdcr. � �
<br /> I In the evcnt of a total taking of the�roperty.thc procecds shall be applied w tha sums seaured by this Sccurity Inst:ument, � , . ..: .:.-.
<br /> whether or not the�n due.with any axcess paid to Bonower.In the event of a partial taking of the Property 1n which the fair merket
<br /> value of the Pcoperty Imm�diately beforc the takin�is cqual to or greater�han thu amount of thc sums �ecured by this Security . ...`.-�,`Y°'��.`'
<br /> Insuument immediately l�ef�rc the wking,unless Ba�wcr nnd I..�nder otherwise agrecs in wddng,the sums secured by[h�s „ '.. '
<br /> � Security Instcument shall be reduced by the amount of ths procceds multiplied by the Q'ollowing fracdon:(a} the total amount of .•x��_�_�-�'���
<br /> � the sums sc�ured immed3ntely beforc the taking, divided by (b) the fair market value of�he Pcoperty i�►unediately before the
<br /> '� � ut�cing. Any balance shall be paid to Borrower.In the event of a partial taking of the Properiy ui whicp the fair markee value of the �. '�—__�
<br /> Properiy ir•�iiic�Ia�ly lxfur� thc t^.,�ing !s less thPn the amount of �he sums secured 'ur►mediat,ely before the taking, ui►less ��.,,,` . r;a„�.^._.
<br /> Borrower ar►d l.ender othenvise agrec in writing o•unless applicable law otherv�ise provides�the proceeds shall t�e applied ta the ,��,.,,��,:: ;.��,;!�;�;{���<.
<br /> sums scxured by this Security Insmiment whed�er or not the sums sue thcn due. `��''f` `•-�-•��j,�j"'"'"'
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<br /> ' If the Property is abandoncal by Borrower,or if,after notice by Lender ta�orrower ihat the wndemnor offexs to make an ' '�� ;,`�:SS,,�:ar�.� -..:f.,
<br /> �' award or seule a ciaim for damages,Borrower fails to respand to Lender within 30 days afcer the date ihe notice is given,Lender �•
<br /> ,y is authocized to collect and apply the proceeds,at its option,either w resu►ration or repair of the Property or to die sums sexured .. ,,,����.�..
<br /> �l'. by this Security Insuument,whether or not then due. • �'`�' -
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<br /> Unkss Y.ender and Bosmwet otherwise agcee in writin&�Y dPPlication of proceeds to principal shall noi ext�nd or p�st�artC , {;�M"
<br /> the due date of the monthly payments refeared to in paregraphs Y an�2 or change the amount of such payments. �r y�
<br /> '� 11.Borrower�Vot Relen.se�;ForbtarAace By Lender Not a Waiver. Bxtension of the time for payntent or mod�rr,ntion ..F�
<br /> -_-- - of amortization of the sums socwr�d by this Secunry ins�umanc g�ann�ed by I.cnurr w��y sv�cr in:nter�:af Borr�wer shHu
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<br /> not opeaate co release the liability of the ori�insil Bo�rower or Borrower's successors in interesG Lender ahall not be rcquired to
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<br /> commence proceedings against any successor in inte,rest or refuse to oxtend time far payment or otherwise modify amorU�tion of ,
<br /> • . � Ihe sums secured by this Security Inswment by reason of any demand rrtade by the originel Borrower or Borrower's successoes ��
<br /> " in interesG Any forbearunce by L.ender in exercising any right or remedy shall not be a waiver of or preclude the cxercise of any ; . :
<br /> � right ar temedy. ! :
<br /> �. !2.Successors ond Ass[gns Bound;Joiat nnd Seve�al Liabilfty;Co•sigtecrs. Tt►e covenants a.zd agrcxmcnts of deia .,: ' �
<br /> � gocurity[nsuument shall bind and benefit the successass and assigns of Lendcr and Horrower, subjact to the pzovtsions of ��.,;
<br /> • pardgraph 17. Borrower's covenants and egraemr�►is sha11 be.Ioint and several. Any Borrower who co-signs this S4c�r3ty
<br /> Ins�t but does not e�cecute the Note: (a) is co-signing this S�urity Instrument only to mnrt�go,grant and convey t��t ,�
<br /> Borcower's inu,r�st in che Proputy undcr the teims of this Socurity I�strumea�(b)is not personatly obllgated to pay the sums ,�.
<br />-. . .'. aocured by thls Security Instcumen�end(c)tigrees that Lender and eny other Bormwer may a�to extend.modify,for�xar or -- - -"-�
<br /> �,..`° mako any aecommodati�ns with regaTd eo the terms of this Securi.ry Instwnent or ihe Notie without that 13orrower's consenY. �-�-
<br />_ < .b..,'�':l;,;• �,. 13.i.wn Char`es. If the loan socured by this Security Inswmen3 is subject to a law which seis maxinium ivan charges, �
<br />- and that law is t'inally inte.cpreted so that the interest or other toan charges oollected or to be collected in connection with t ha loan �,.-�_ --
<br /> -� ; ' oacc�cl the pe�mitted limits.then:(a)ony such loan charge shall be reduced by the amount nece.s.cary to reduce the charge w the R
<br /> permitted limi4�d(b)eny sums alretxiy callected from Bc;mnwer which excectled permiusd limits will be refunded to Be�rrawer. Q•=�'m��r
<br />'� Lender may choase to make this refur.d by �educing �ho principal owed �nde� the Note ar by making a direct paymeat to �;.:�_;___--�-�-
<br />- ' '•�,�' Borroaea. If a rcfund reduces principal,the reduction wlll�e treated as a QarUal prepayment without any prepayment charge r:•:�'-
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<br /> _ _ , imder tfie Not�. �ry-.—.__._
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<br /> _ � ` 14.Notioes. My notice to Bocrower provided for i�n this Security Inswu�ent shall be givcn by dellvering it or by mailu►g it .• ,�
<br /> • -� by First class mail unless applicable law requires use of anothar sr►ethod.The norice st�all be directed to the Property Address or �Y�
<br />- ! any m1�er address Borrower designates by noqce to Lender. Any notice to I.ender shall ba given by first class mail w Lcade�•'s ��, . �
<br />- addre.°GS stated herein or any ather addmss Lender dcsignates by nodce to Borrower. Any notice provided for in thfs Security '"'�`°°'��"`
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<br /> � Inswment shall be deemed to have been given to Borrower ar I.ender when given av provided in this paragraph•
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<br /> 15.GovernEng Lawi Severability. '[his Security Instrument shall be govemed by fedecal !aw and thc law of the �.�':�.�:..:�,�
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<br />� jurisdicdon in which the Propeity is located. In the event that any provision ar clause of this Securixy Instrument or the hote .,,._...�. _"; ,
<br /> •�`�'��� • conl�;icts with applicabte law,s�s�conflict shall not affect other provisions of this Securiry Instrument or the Note�vhic�can be �� ,'.����•���:+{'•-',
<br /> " �!�-<;�,'' ' give��.`fect without the conflac¢i��:prpvisinn.To this end the�.rovasions of this 5ec�uit IaSrr�ment and the Note arc declared W `'��;�"''�� ��`
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