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<br /> paymenlr msy rw bnyec be roquired,at the aption af Lender.if mortga�e insurance coverage(in the amaunt and for the period
<br /> that Lender roquirec)providod by an insurer approved by l.ender Age�in becomes available end is obtained.Borrower sh�ll pay
<br /> - � Ihe premfums requircd to maintain mon�age insurv►ce in effect,or ta provide A loss reserve,unt�l the rtqwrcment tor mont��e
<br /> _ - it�urpnce ends i� accordance with a��y written ag�eement between Borrower and L.ender or npplicable luw.
<br /> 9.Inopectlop. Lender or ip agcnt may maice rrasoiwb�e entdes upon and inspections oP the Properly. l.ender ahwll Qive
<br /> - Bormwer nodce ut tho tlmo of or prior to an inspxtion spoclfying reasonable cause far the inspection. _
<br /> ._� — 10.Condannadon.1fie pracada of any award or clalm for damages, direct or consequential, in co�nection wlth eny -
<br /> l' condemnatiun or oth�r takins of wny part of the Property,or for conveyance in lieu of rnndemnetion,are hereby asaigned end
<br /> �all be paid W l.ender.
<br /> ,i.�' � IR the event of a total taking of the Property,the praceedR shall be applied ro the suma secural by this Security lnat�ument,
<br /> whether or not then due,wtth any excess paid to Bon�ower. !n the event of a partial taking of the Propeny in which the fair
<br /> _ - market value of the Property immedintely before the taking ig equul to ar greater than the amount of the aurns securect by this
<br /> - �_� --`- _°�� -- Securlty Instrument immediatcly before the wking,unless Borrower und Lender otherwise ugree in wrlting.the sums secured by -
<br /> _ this Securlty Instrument shall be reduced by the amount of the proceeds multiplied by the following frnction: (a) the total
<br /> —,���„�a� amount of the sums socured immediately before the taking. dividod by (b) the fair market value of the Property immediately
<br /> � befare the taking. Any balance shall be paid to Hortower. In the event of u partial taking of the Property in which the fair
<br /> market value of the Property immediately 6efore the taking is less than the umount of the sums secured immedistely before the
<br /> taking, unless Borrawer and[.ender otherwise agree in writing or unless applicable law otherwise providea, the procee�s shall
<br /> _---- �d�`-�-�_.��'�"� be applied to the sums secured by this Secudty Instrument whelher or not the sumg are then due. �
<br /> =;��i �;t. If the Propeny is abandoned by Horrower,or if, after notice by Lender to Borrower that the condemnor offers to make an -
<br /> `'�"'�"':� ~ "'��' award or settle a claim for damages, Borrower fails to respond to Lender wilhin 3� days after the date the notice is given, .
<br />_ _,_ ,,�,�,,..;�.__�_.„ ��r is authorized to collect and apply the praceeds,at its option.either ro restorapon or repair of the Property or to the sums
<br /> �,.
<br /> , • '�� �.�• . . , �
<br /> �`�,,,,�,�� ',:��;�;: secured by this Security Instrument.whether or not then due.
<br /> , - '` Unless Lender and Borrower othenvise egree in writing, any application af proceeds to principal shall not extend or
<br /> ��• :�.., ��-�!•��, postpone the due date of the monthly payments referred to in paragraphs I end 2 or change the amount of such payments.
<br /> , � `"t%► 11.Borrower Not ReleASed; ForbearAnce 8y Lender Not s Ws�iver. Extension of the time for payment or mudiAcation
<br /> ..�,..:�; of umortization of the su m�secural by this Security Instrument granted by Lender to nny successor in interest of Borcower shell
<br /> ' �� '�� '`�}�4�, not operate to releuse the liability of the original Borrower or eorrower's successurs in ii�terest. Lender shull not be required to
<br />:., .. ' �� �tm�-;��;�+',;��.•�r::�
<br />�a '•} "•�z°•�:�''•� cnmmence pmcec�ings againqt ciny successor in interest or refuse to extend time for puyment ar otherwi�se m«lify amorlfuttion
<br /> s
<br /> -•�+k- _ n�'�hr +s��m� �er���i hy ih�R Security In.wrumenl by reason nf uny dcmund mude by the original Borrower ar BoROwer's
<br />:(.`:I� "" ".'�e'�r.a:l',a+' .
<br /> ..,,` ' aucce+sc�ns in interext. Any forbeoruncc by L.ender in exercisin� uny right or rcmedy Kholl nnt be o waiver of or prcclude the
<br /> •�����° ° ''"`, exercise of any right or remedy.
<br /> ' " �'�,':� :� 6 -.�.. 12. Succ�s�sonK and AsxiQnx Ibundt Jolnt s�nd Several Llablllty; CaslRncr�. Thc cuvenuntti •rrul Lgrecntcntn of thiti
<br /> . • ,r44t+. ....,. �d . Sccuriry Inetrument shull biiui und benefit thc xurcesswrs unJ u�signs of I.enikr unJ Qarr��wcr, +uhjert �i► the provislom uf
<br /> �'�"'i'.•'`" � ara ru h 17. Borrower', covenan�x und a r«men�s shnll he 'oint uixl severul. An &mower whn co•xi nti thiti Securit
<br /> . �,r:...�,.,,� P B P B " J Y S • Y
<br /> -• . •� Instrumcr�t but J�x.r not exerutc thc Note: Iu1 iti co-signing this Security Instrwnent only to morlguge, grunt und convcy that
<br /> ° ��~'!"""°'"'''° Borrowcr's inlere,t in Ihc Propeny undcr the terms of this Security Inrtrument:(b)is not peruinully obligwed to puy thc tiuma
<br /> , '��'�`""`"''' ' "'` sccured by this Sctiurity Instrument;und(r)ugrees thnt L.endcr and uny othcr Borcower may agrce�o extend,modify,f�rbear ar -
<br /> —• • ;;�_;+._�. ,",'� make uny Accmnmada�ions with regard ta the terms of this Security Instrument or the Notc without thut&irtower's consent.
<br /> # �- '•u�„ d, ��;� l3.I.oan C1wrRes.lf the lo�n secured by this Securiry Instrunxnt ir subject to�law which r�ets muxirnum loan churges.
<br /> j�c;�� .::�;; :"�' �-,�'.: and that luw is finally intcrpreted xo thut tl�e imerest or ather laun churges collectod or tu be collected in cannection with Ihe
<br /> ;�`�` f '7a�o�.��:.. .•,,.:a:�� loan exceed the permilted limits.�hen: (u)any such loan chnrge shull Me reduced by thc umuunt necetisury w raluce the churge
<br /> ��` ` .'�` � ' to the permitted limir,und (b)uny sumti ulreudy collected from Borrower which exceeded pern�itted limits will be refunded to
<br /> j�.. �ISA+�: _� ..� Borrower. L.ender may choosc to mukc this refund by reducing the prinripal owed wxicr thc Note or by m;ilcing u direct _
<br />'-:f', ;.�q.., � . , payment to Borrower. If u refund reduces principal, Ihe reduction will txe treated w u partial prepayment without any
<br /> = ,�:, prepayment charge under the Notc.
<br /> ..:-�...
<br /> ` • ::..:� ... 14.Notkes.Any notice to Borrower pravidcd for in this Security Instrumcnt shall bc given by dclivering it or by m:iiling
<br /> `6�`'" `.� � .; =• it by first cluss mnil unless applicuble IAw reyuires usc of unother me�hal. The notice shull be JircYted to Ihe Propeny Address
<br /> . or any other uddress Borrower designates by notic�e to L.ender. Any �xnicr to LcnJcr ,I�ull be given by first class mail to _
<br /> �� , ti�...{ ��_ Lender's uddress stated herein�x uny ather uddresti Lender designuteti by noticc tci Bnrrower. Any notice provided for in this =
<br /> • '��"'� Securiry Instrurnent shull be dcemed to hnve hecn given to Borrowcr or l.rndcr whcn given us pn►viJeJ in this parugraph.
<br /> . •ti°"�' � ' 15.Governing Law; Sevcr�billty. This Security I�istNment �hull be g��vcm��i by F'cderal luw •rnd the Iaw of the
<br /> . � ,-� � juri�diction in which the Property i,Iocut�Kl. In thc event ihu�uny pruvision ur rlau�c of thiti 5ecuriiy Instrumrnt or the Note -
<br /> • '�.��,;:.-. � conflicts wlth upplirublc luw,sunc�ontlict shull nut affcct uther provi,ionti�it'thiti Serw i�y In�trunxnt ur the Note which can be
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<br /> givcn cffect withaut the conflicting prnvision. To this end the priwixions uf this S�curiry Inatniment unJ the Note ure declared
<br /> ' �,��;•�-: :• ' to be sevcr:�ble.
<br /> � K ` �.'• 16.Borrower's�Copy. &rrruwcr ahull bc giv�n�mc runfixmcd cupy uf the Nuic unJ uf this Security lnstrument.
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