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<br /> r `4 t s„` pay�tents msy ao tonger be reqnired.at the optian of Lender.if monBaSe f�wversge(in the suwu�and for the geriod r£`�`}-
<br /> . tttat 1Rnder r�equires)Pravided bY an inwrer appmvcd by Exnder ugain becomes available und is obtained Borrower shall pay � . `.-.
<br /> ' � the premiums►equired to maintain mort�age insurance+n effect.or w provide a loss reserve.unW the requirement for mortgage ;. : ; ,
<br /> ; �.... ' �%' iasurance ends ea acen�dance with uny writteu agreement between Borrower ead Ixndcr or appli�ble[aw. ` ' f '�.�` E' , �c�
<br /> , ' 9. Inspectlun.Lender or its agent may make reasoaabte entries e�on and inspections of the Propercy.Lender shall gve ' `�.;•�,q:,�
<br /> ,' �� Borrower natioe at the time uf or prlor to an ingpectioa specifying reasonable c�use for the inspection. C� � `� , ,K,
<br /> . . - �`�•°�, 10. CaademnatIoa.Ttie pmceed.s of any award or clnim for damages.ditect or cons�qaential.in oonnection wit6 any� . '� <,. .. ` .`:�
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<br /> . � � condemnation or other taking of any part of the Property,or for conveyance in t'tzu of condemnation,are hereby assigned and�
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<br /> �� �`�• shall be paid to l.ender. '
<br /> - In thc cv�t af a mtal taking of the Praperty,the proceeds shall he appiie�to the sums secured by this Security Instnureaat. �
<br /> whether or not then due. with any excess paid to Bocrower. In the evert of a partial taking of the Froperty in wi�ic�the fair�
<br />° -.�` mark�value of the Property imme�iiateiy before the taking is equal to os greater than the aruount of the sums sc�ur�by this� -.�, _ -
<br /> . .. °�;, ,.�`. S e c u r i t y I n s t�m e n t i m m e d i a t el y before the talrin g,untess Borrower and i.ender otherwise agrce in writing,the snms secvred by � . �.,,
<br /> '� ` tins gecoriry In�tmment shatl6e ceduced by the amoum of the pmceads inultiplied by t he fo llowing f r a c t ion: (a) t h e t o t a l� ' -��
<br /> . � . amonnt of We sums se�ured immediatelY before the tatcing,divided by (b)the fair market va[ae of the PropertY�mmediatelY ;;._,.: !.`.S•v;
<br /> '' �`..; � - 6efore the taking. Auy balance sha11 be paid to Boirower. In the event of a partial taidng of the Pcoperty in which the fair
<br /> � cnarket value of the propertY immediately before the taldng is tess than the amnnnt of the sums secured immediatelY before the .,;` �, "�.._
<br /> � hcable law otherwise rovides.We procceds shall �'� `
<br />:: ,: ':,_:':;.. ' taking,unless Borrower and I.ender otherwise agee in writing ur uriless app' P . ---
<br /> - `_ . be applied ta the s�uns.secured by this Security Instiument whether or n+ot the sums aie then due. -
<br /> , ,� ,.'; .:.
<br /> If the prapercy is abando�by Borrower,or if,after natice by Lender to Bormwer that the condemnor offeis to make an
<br /> � • • award or settie a claim for damages. Bon'uwer fails to respond to Lender within 30 days after the date the notice is given, , __
<br /> . .i � :!' Lsnder is authorized to collect and apply the proceeds,at its option,either to restaration or repair of the Pmperty or to the sums _
<br /> _ ..� .• � secamd by this Sec�riry Insnumem,whether or not then due. --
<br /> ..: ,:. :�,�,�',� Untess Lender and Borrower otherwise agree in writin8,any apptication of prace�ds to principai shall not extend or ----
<br /> : '` �� posqwne the due date of the monthty paymeats referred to in pa�agraphs 1 aad 2 or stiange the�nount of sach payments• ' �' _
<br /> ,�j,',. ,-,, _��': ' 1�.BmTOwer Not Released;Forbearauce By 1.ender Not a Waiver.Extension of the time for payment or modificat�ion - -`_-�
<br /> . . - nt ted b L e n d e r to su c c e s s o r i n i n t e r e s t o f r B o r r o w e r s h a A �!=
<br /> .r�1,?��, �, � of amorti�ation of the swns secured by this Sewrity Instmme gran Y a°Y
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<br /> ��r'_" �'" �"r� •` not operate to release the liability of the original Borrower or Borrower's auccessors in iaterest.Lender shali not be reqaire�to
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<br />_�.,'=�-� .. . :-`••}.A. ���p��ingg against any successor in interest or refuse to extend time for paycnent or otherwise modify amortization ��
<br /> �_�;:--_.e._.
<br /> ' of the sums secured by this Secmaty Instrument by reasoa of any demand made by the original Boaower or Bonnwer's ��.R�
<br /> - -- - -- successors in interest.riny forbearance by Lender in e�erc'ssiag anY riShc or�Y shat!nflt be a waiver of ar preclude the ,�`='�_.:�
<br /> `' .�•T e�ercise of any right or remedy. ����
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<br /> .'. }�; ' .:°°.� lZ.Succrsso�s and Assigns Boama�l;;Joint amd Several Liability:Co�s�gae�s. The cavenanu and agree�nents of this �;`;�;';_.x
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<br /> :;��.: � �. Security Insuument shall bind and beneFt the successors and assigas of L.ender and Borrower, subject ro the pravisions of ---
<br /> . paragraph l7. Borrower's covenants aa�zgreements shall 6e joint and several. Any Borrower who co-signs this Security � �s` _
<br /> � 1 `� n but does not execute the Note:(a) is co-si this Security Insuument only to mortgage, graat and convey that�
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<br /> �'f'�• Bo wr[u er's interest in the�ercy ander the terms af this Securitl!Insuument:(b)is not personally obligated to pay the sums ,- ,.
<br /> . � . secured by this Securiry Instnrment;and(c)agrees that Lender and any other Borrower may agree to extend,madify.forbear or 'T ,t.•�^
<br /> � m a ke any a c c o m r rn o d a ri o n s w i t h r e g a r d t o t h e t e m i s of this Securi ty lnstrument or the Note without that Borrower's consent. „•-;,. _��
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<br /> � "' � 13.Loan Cha�gcs•If the loan secared by this Secarity Instnimeat is subject to a law which sets maximum loan r,harges, ___
<br /> � � • � and that law is finally intetpreted so that the interest or other toan charges collected or to be collected in connection with the, :-'};;�_:=:`�,__
<br /> � �• � L�a*�exceed the pernritted lisniu.then:(a)any such loan charge shall be reduced by the amount necessary to reduoe the charge -' � '�-=�=
<br /> ' to the permitted linut;and i�j�y sums already collecteal from Bormwer whicb excePdeA pem�itted limits w111 be refunded to . f±_,,� * _
<br /> . Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct �.�,�_.. '
<br /> 'l • ' • �, � payment�to Borrower. If•a refund reduces principal. the reductian will be treated as a partial prepayment without any - ��___=
<br /> � prepayment charge under the Note. � . -
<br /> �, „� '', ��• 14.l�iottces.Any notice to Borrower provided for in this Secvrity IastTUmrrx shall be�iven by delivetin�it or by mailing _ -
<br /> r• • ' ' it by firs�t class mail unless apPlicable law requires use of another method.The nouce shall be ditected to the Praperty Address _�.� _
<br /> �' . or any other address Borrower designates by notice to Lender. A�zsy'notice to Lender shall be given by first class mail W • r__._
<br /> � : � � Lender's address stated herein or any other address Lender designates by notice w Borrower. A.�y notice provided for in this �--=.:..1.:..4:� .
<br /> � Security instrument shall be deemed to have been given to Borrower or Lender when given as pravided in this paragraph.
<br /> . ;. 1S.Governing Law; Severability. This Security Instrument shall be govemed by federal law and the law ofthe .
<br /> . . ' • nt t an rovisian or clause of this Security I�_uus�ent or the Note � �-;—-
<br /> 1;. ; . � jurisdiction in which the Property is located. In the e�e tha y� : •
<br /> ° contlicts with applicable law,such wnfticx shall not.affect other pro.issons of this Security In:tniment or the Nate whicb can be
<br /> •� �} .� ' given effcct withaut the conflicting pmvi-,ion. To this end the provis:nns of this 5ecurity Instrssment and the Note are dectared . .
<br /> . ' ' to be severable. �. •
<br /> • 16.Boaower's Copy.Borrower shall be given one wnformed wpy of the Note and of this Secarity lnstrument. � •
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