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<br /> � payments may no longer bc reqaired.at the option of Leader,if moneage in+urantr roveragc in e:c�o t and Far�he period __ . .`:ti;�;.n__
<br /> ,.,.:< •Y .�_.��
<br /> that I.ender �equiresl provided by:sn insurer approved by l.ender again becomsw available and is ebtained.Borrower�hall pay _
<br /> thc premiurtu required to maintuin moRgage insur•u���in effect.or ta provide a IWS mservc,until the requirement for mort�age � . , A:�,��•r=��
<br /> .- `;�,�ttf.,�_;-.
<br /> insurance ends in aecordanee with any written agr+eement between Borro�ver and Lender ar applicable la�v. - �,
<br /> 9. lns�tion.Lender or its agent may makc reasonable entries upon and inspections of the Property. Lender shall give ._-; ..`. _ ,.�
<br /> Borro�ver notioe ut the time af or prior to an insprecion specifying rr.asonable caus:fer the inspertion. . � y
<br /> 10. Condemret►tion. The proceeds of any award or claim for darnages. direct or consequential. in connection with any , �k,, .,_, ` _
<br />,.. condemnation or other taking of any part of the ProPerty.or for conveyance ui �ieu of condemnacian, are hereby assigned and .."' � ti ,��s� :`
<br /> - �= ..
<br /> , � shall be pai d to L en der. ` "'�""`.. �.` �
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums sect►red by[his Security Instrument. � �...�. ..,.
<br /> r- "��P=:�,—
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<br /> whether or not then due, with any excess paid ta Borrower. !n the event of a partial taking of tEtie PropertY in which the fair '•.:�;N��:'�.>'`
<br /> .�1',• is ual to or cr than the amount of the sums secured bY`•'.u� �:����""�►`�.
<br />`j�"� market value of the Property immediately before the taking e� � `••;�:;._:,.�,��--.— ---
<br /> Security Instrnmeat immediately before the taking.unless Borrower and Lender otherwise agre�e in writeng.the sums secured:n� F' ,r•--K-�-^�.-�3-�
<br /> �mme�iiatet `��"�`�"�';`
<br /> .�� this Security Insdument shall be reduced by the amount of the procceds multiplied by the following fraction: (a) the total �`��
<br /> ' . amcunt of the sunu secusecl immediately before the taking. divided by IbJ the fair market value of the Propeny � Y ' '' -:��'-'�'� °
<br /> �, before the taking. Any balance shall be paid w Borrower. In the eveat of a partial taking of the Propecty in which the fair �_��q�=rr___.-.`'"
<br /> � martcet value of the Property imm�diately before the taking is less than the amount af the sums secw�ed�mmediately before ihe ��.
<br /> taking,unless Bornower and Lender athenvise agree in wrianS or unl�s applicable law otherwise provides. the proceeds shall ` �,-�
<br /> be applied to the sums secured by this Secwity instrumeat whether or not the sums are then due. �...,.,.m,
<br /> =T;. If the Property is a�andoned by Borrower,or if,after notice by Lender to IIorrower that the condemnor offers to make an
<br /> ��--�!_y:`�:
<br />�'�' award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the n o o��sums . ----
<br /> � L e n d e r is authorized to collect and apply the procee8s,at its option,either to restorarion or repair of the PropertY _r.,;.,���-.`
<br /> secvred by this Securiry Instrument,whether or not then due. ���tion of roceeds to principal shall nat extend or
<br /> Unless Lender and Horrower otherwise agree in wriang. any apP' P "--�`.� ":,i�� 'Y--
<br /> , postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amoant of such payments• f. .Y:s�..
<br /> l l.Borrower Not ReleasYd;Forbearance By Lender Not a Waiver.Extensian of the time for payment or modificarion
<br /> - . of amortization of the sums secured by this Security Inswment granted by Lender to any successor in interest of Barrower shall 3_ :� �
<br />. .,� ;..
<br />���y�r� � not operate to release the liabiiity of the original Borsower or Borrower's successors in interest. L.ender shall not be required to , '�,: : —
<br />•.`;�Yf•'.� oommence pmecedings against any succ°.asor in interest or refuse s.�z�tend time for payment or othenvise modify amorti:r.ut'sQn , .Y, .;_:: ,-�•
<br /> ��f the sums secured by this Security [nstrument by reason of zry demand made by the original Borrower or Borrowar's .'. ;:�', '
<br /> ,,. •, ,:.� ,
<br />' e"�;;;% scccessors in interest. Any forbearance by I.ender in ezercising any right ar remedy shall not be a waivee of or preclude the r • .• �.�::.; `
<br /> , . .
<br /> ;;-li?�2, exercise of any right or remedy. �
<br />~'•���� 12. 5uocessors and AssiSns Bound; Joint and Seveisl Llabllih, Co-signers. The covenanu and agceements of this
<br /> '�t'••.�.
<br /> S �
<br /> . Sec,vrity Instmment shall bind and benefit the successurs and assigns of Lender and Borrower, subject to the provisions of • s- �,i.�'..�._
<br /> • paragraph 17. Boaower's wvenants and agreements shall be joint and several. Any Borrower who co-signs this Securitl' �� � • �-
<br /> � Instrument but daes not ex2cute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that ;�.�,,,,:
<br /> Borrower's interest in the Property under the terms of this Security Instrument:(b)is nat personally obligated to pay the sums ( : '';..�•..:`. .
<br /> � ees that Lender arn±any other Borrower may ag:�:ta extend,modif}+,forb2ar or _ •• �-��_��,�.,_:. _
<br /> ± ' secured by this Security Instrument:and(c)agr - --
<br /> '� make any accommodarions with rer:rrd ta the terms of this Securi!; C:tism►ment or the Note withaut that Borrower's consem. ���, •'
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<br /> • 13.Loan Charges•If the laan secured by this Security Instn�ment is subject to a law which sets maximum loan cir�rges. -. �
<br /> . and that law is finally irtterpreted so that the interest or other loan charges coll�or to be colleaed in cxmection w'tzh 1he .�T. : � ,� ��_;. _.N;H,,
<br /> loan exceed the permitted iimits,ther►: (a)any such loan charge sh311 be reduced by the amount necessary'�o�dnce the c��e ' _.. . ,_
<br /> to the permitted limit:and (b)any�s alreadY collected ftom l��cower which exceeded permitted lim:�`s�"�l be refi�.rr,i°..�•xo �rX��:
<br /> � Borrower. Lender may choose to make this refund by reduci:� �a�e principal owed under tL-,; Note or�y making 4 �•:r ct �,_: �
<br /> � ' • ' payment to Borrower. If a refund reduces principal. the reda�i��� wiU be treated as a panial pre:a=�."�ent witho'�z anY —�----__�:;
<br /> • prepayment charge under the Note. =;�':=�`,`�E:�--_
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shaU be given by deli��r.~;;it or by mailing - :
<br /> ; �.� it by fi�t slass mail unless applica6le 1aw requires use of another m.thod.The aotice shall tre�:rected to the Property Address __ ' � ,
<br /> or any vir�r address Borrower desi�ntes by notice to L.ender. .�ny noiice to Lender sh�I2 Ue given by first class uta:l to ,,.�,�
<br /> Lender's address stated hesein or any other address Lender desi��tes by notice to Borrower. Any notice provided fec in this �_._�.:y:;;r y l J•-'-
<br />. Secarity Instrument shall be deemed to have been gi�•en to Borrower or Lender when given as provided in this�aragraph. �,��__:�,
<br /> � 15.Goveming Law; 9everebllity. This �ueetY lnstniment shali be govemed by federal lavr ;.T,� thc law of the �.��,���,,,,
<br /> '"�,'",'�' jurisdiction in which the Property is locate�. In the event that any provision or clause of tii�s Sacurity Instrument or the Note �:-.._.T,:��. . ,;
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<br />''°'��'�'��`''• conflicts with applicable law.such con�lict shall not affect other provisions of this Securit Inst.r�:nent or the Note whia`:ran be
<br />� � '. given effect without the conflicting provision. To this end the provisions of t6is Security Instrument and the Note are declared �?iyiry.�:�;y;�:
<br /> :��.
<br /> • to be severable. : —
<br /> ,; 16.Borrower's('o7�y.Bonower shall be given one conforir,cd copy ai the\ote and of this Security Inr;t'r�ment• ������ .:
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