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<br /> payanents may no IoaQer be roquired.at ihe option of L.ender,if mortga�e inauranca covc�e pn tho omouni and for the period
<br /> =- Ibat I.endu requirw)Pmvldad by an lnw�er Approved by La�da again bocomw Av�ilable ared ir obtainod. Bon+nwar dull p�y
<br /> s- the pmnivau roquired to maiatain mortg�ya inruranoe in effat.or to providc a lors�ererva,untfl thc requinement for mort�a�a
<br /> �, : inwranca endr in accord�nce with any wrltten a�reanent betwecn Burrower wnd l.ender or applicable law.
<br /> !. I�pecdua. Lender or ib q�ent may make nea�onAble entrles upon and inspectionr of tt►c Property. Lender�hall pivo
<br /> Borrower notbe u the time of or prior to an inapoction cpocifying r�enco�wbb cau�e for the inrpocdon.
<br /> " 16. Coodawribir. Tha praoeeda of su►y awud or cl�im fur danwgea,direct or wnceyuendal. in connectiun �vlth any
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<br /> conde,rnnAtioa or other wldn�of ony pait of the Property� ar for comayarKx in lieu of condemaation. aro Mereby awiQued aad
<br /> . . . �dl be paid to Lender.
<br /> ._ f, :-�^' Ia the event of a total taking of the Property.the proceeds siw11 bo applied to the�ums secured by thia Security Instrument,
<br /> ������-'� whether or not then due. with any exces�paid to Borrower.to the event of a partial taldng of tho Pmparty in which the fair
<br /> ��•.�:;� , miulcd value of the Properry immodiately before thc wkiag ic equal to ar gmatcr thoa the amouAt of the sum�securod by thi�
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<br /> �--° � ,.;- - • Security lastNment imu�ediately before�he wking,unless Borrower end L.ender othenvise agree in wdtinQ,the wms ceeurod by
<br /> ' ��='�� '�;'-�t thio Socudty lnstrurtient slwl! be reduced by the �r+wunt oP the proceeds multiplied by the following fraction: (a) the wt�l
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<br /> '�•:r:,��.�'•';; amount of the swns secured immedietcly•beforc the tekin�,divided by (b)the fair mazket value of the Property innmodiwtely
<br /> ,�:t:'�k��..l,;•• befoe+e tha ta�in�. Aay baloacc shall be paid w Bomawer. In the event of a partial taklag of the Pmperty in which the fdr
<br /> —��� � '� market v�lue of 1he Prope�ty immediately before the taking ia less than the anwunt of tha suma cecured immediately before tha
<br /> � • taking,unles�9orrower and Lender otherwlse agrca in writing or unless applicable law otherwlca prnvides.t6e procoeds�IWI
<br /> �_,�_, be�pplied to tha auma secu�d by thia Security Instrument whether or aot the wms are then due.
<br /> --- �• " �.�4. . IP the Praperty is abandoned by Borrower,or if, s�fter notice by Lender to Borrower thstt the candemnar offc�x to amlce an
<br /> _ ' d .. , aword or seule a claim for d�mages. Borrower fails to respond to Lender within 30 days after tue dote the�tice �¢Qivm,
<br /> -,-�,�^,_'�__, �_ Lender is authorized to collact and apply the proceeds. at its option.either w nstoration or repair of Ute PropeRy or W the wm�
<br /> • •��. • . -, � tecund by this Secunty Iostniment,whether or not then due.
<br /> — : ., � �a Unless I.ender and Borrower otherw3se agree in wciting,any applfcation of proceeds W pdncip�l sludl not extend or
<br /> �-_- " ne the due date of the monthl a ments referrecl w in hs 1 and 2 or chaa e the amount of�uch mente.
<br /> -_� ,::;:1..:�r��,.:' P�Po Y P Y P�B�P � PAY
<br /> _.-� :�.' 11.Borrower No�Aelenced;Farbear�noe By Lender Na a Watver.Extcnsion of the dme tor payment or modifk�tton
<br /> :;Q=�,' "� ' ° ` b�""` . of amortizatian of the sums secured by this Security Tnstniment granted by Lender to auy succa�or in iaterest of Borrower�tt
<br /> �i��� „ „. ,, not operate w release the liability of the original Borcower or Horrowcr's successors in iaterest.L.uider rhall aot be reqttined w
<br /> � " ' comrnence pm�ealings egainst any sucxessor in intemst or retLse to extend time for pAyment or otherwice modify�
<br /> ��' "'`a'� � " �� of the sums cecured by this Security Instrument by trason of any demwnd made by the odginal Borrower or Hortowu'e
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<br /> _,,.� � � .- cuocesso�s in interest. Any farbearance by I.ender in exer+cirin�any ri�hc or remaiy sinil aot be a wai�er of or prodaia fba
<br /> r;� . exa+clse of any dght or remedy.
<br /> __,6-= „ 12. Successora and Asei�� Bouad; Joint and Several Us�bllity; Co�tgaera. The wvenants smd Agrzement� ot thit
<br /> . • Security Inatmrnent ehall bind and benefit the succescors and assigns of I.en�ler and Horrower, wbjecx to the provi�ioss of
<br /> � ""�. °, paragraph 17. Borrower's covenants end agreements shall be joint end severel. Aay Bomower who co-rf�ns tWs Soc�riry
<br /> �� �:f�� � Instrument but daes not execute the Note: (a) is co-sfgning this Secudty Instrument only to mortgage,grant and coavey tb�t
<br /> � ,�„ Borcower's interest in the Property under the terms of this Se�:udty Instcument;(b)Is not personally obligated to p�y tha wmt
<br />___� •�-�''-:�'. secured by this Security Instrument;und(c)agrees Ihal Ixnder atKi tu�y uUier Burruwer may ugroe lu Cxlntul,muJify. foiikar ur
<br />�{•� �.::.,�s-,.-.. m�e any accorrunodations with regard to the terma of this Security Instruroe�n or the Notc wiUwut that Borrower'a coas�at.
<br /> �.� • 13.I.oan Chtu�cs. If the loan secured by this Security Instrument is subjat to a low which sets maximum lo�n clut�ea, _
<br /> �� ' � '� and that law is finally interpreted so that the interest or ather loan charges collectod or to be collocted in connxtion with tLe
<br /> '"' `""''"' " loan exceed the permiaed limits. then: (A)any such loan charge shall be reduced by the wnount naxssary to rodua the�e
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<br />� :�;� ;,�... _ ., to Q�e permitted limit;and(b)any sums already collected from Borcower which exceeded permitted limits will be refunded W
<br /> � ,� .• . ' Borcower. Lender may choose to make this refund by reducing the princip�l owed under d�e Note or by makiog a diroct
<br />' ° ,.•T"�_ •, payment to 8orrower. If a refund reduces principal. the reduction will be treated as a parti�l prepayment without any
<br /> �� '� prepayment charge under the Note.
<br />�.�:�• , �Y�' 14.Notk�.Any notice to Borrower providod for in this Socuriry lnstrument shall be given by delivering lt or by mailing
<br />� it by firszt claas mail unless applicable law requires use of another method. Th�notice shall be directed to the Properry Addness
<br />�' or any other address Borrower designates by notice to l.ender. Any notice to L.ender shull be gfven by first class mail W
<br />:�"'"� w`'�_ I,ender's adJress stated herein or any other address L.ender designates by notice to Borrower. Any notice provided for in this
<br /> �"-;� ° - Security Inatrurnent s6a11 be deemed to have been given to Borrower or Lender whcn given as provided in this paragraph.
<br /> '' � 15.GoverolnQ l.aw;Severabllity. This Security Instrument shnll be govemed by fcderal law and the law of the
<br /> }. , • � judsdiction in which the Property is located. In the event ttwt any provision or cl�use of this Security Instrument or the Note
<br /> , ' conflicts with applicuble luw,xuch conflict shull not uffect uther provisions of thi�:Securi�y Instrurnent or the Note which can be
<br /> . - " given effect without the contlicting prov�s�on. �fo�his end the provisions of[his 5ecunty In�trument and the Note are declared -
<br /> * to be severnble.
<br /> • .� •• 16.Borrower's Copy.Borrower shsll be given one confornied capy of the Note und of this Security instrument.
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