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<br /> � � . ,; payments may ao longec be required.at the option of Leader,if mortgage ins�rance covetage(in Ihs amo�mt aad for the period � , - : ,
<br /> " ' that Leader reqt�es)Pm�ided by an insurer approved by I.�der again beoomes ava�abte and is obtamed.Borrower shall pay the � ,�� '°.
<br /> , . `�t � : premiums zequued to maintaiu moitgage insurance in eSect.ar ta pmvide a loss rese�ve,until the rcquiremei►t for mortgage . -s � �� .
<br /> �' � insivanse ends in accArdance with any wriuea ag�eemem beiween Boimwer and I.aedea oz applicable law. ,
<br /> : i 9.Iaspedian. Leader nr its ageai may make reasonab2e entries upon aud 'aispec�ions of the Pcoperty.Le.ader shall give - -. _.
<br /> �.. � � RoAO�+er notice at the qme of or prior to aa inspection specifying masonable cause for the inspecaon. • �<`�•. �`
<br /> � . `� I0.Condemnatton '!be proceeds of aay award or ctaim fur damages. direct or cansequential, in coanecrion with any _ .
<br /> . . , •? wademnarioa or other tatm�g of any part of the Propedty.or for oonveyanoe ia lien of condertenation,are hereby a�gned and ,
<br /> ° shall 6e paid to Lender. . . .
<br /> : ? In tlie evEUt of a tntal takin8 of the Propem►,the proceeds sl�all be apQlied tn We s�uns secured by this Security Insaumeat, , ; ;, ,
<br /> - whether or not thm duc.arith any excess paid to Borrower.Tn the eveat of a partial taking of the Pmperty in whic6 the fair markct ,
<br /> - -•- - - vatue of she Piopat�►i�mediatel]►befare the taking is equal to or greater than the amount of the sums secured by this Security - -. - _ -
<br /> . ` ; i Jnsuume�t unmediaiclY before the�Sing, untesg Bosmwer and Lendei otherwise ag�ee in writinng,the sums setured by this .:_��•�. - •``- ,
<br /> . i g��y�����by the amount of the proceeds mnitiptied by the following fiacdnn:f a)the total amount of
<br /> .� �'. _ , -�
<br /> - tic�sums se�ued�mediaLely isefoie the talaing,divided by(b)the faa market value of the Property immediateh►befare the ` _.
<br /> �on g,pn y hata�e shafl be�id tn Bonower.In the event of a partial�iag of the Property in whic6 the fa'u market valuc of the �
<br /> - � ` p�opeaty immadiatelY before the taking is less tHan the amonnt of the svms secaued immediately before the t a k i ng, w l e.s c ... _ .
<br /> . B o r r ower ffiul Le�d�r oth�wise a g r o e in w�ing or unless applicab2e taw o1h�s�ise prnvides,the pmceeds s4all be applied w the �. - ',.,:,`. :.
<br /> ' , soms s�by this Sacauity Insonunent whet�►er or not ihe swns are thw dae. . ..w.�": :`:"�
<br /> • If the Propeaty is abandoned by Bormwer,Qr if,after notice by Leada m Bmmw�that the condemnor offers w make an � .. ,.;;y`r�-.�`.
<br /> " _ - ::1..` award ar setde a claun for damages,Boimwer�s to zespond to Lender withui 30 days after the dare dis notice is given,I.e�der ' <-�--�:v�:
<br /> � : ; is amborized tn col�Ct and apply the proceeds.at its option.either to restoraiion or repaior of the Prop�ty or w die sums seaued � ,.v._
<br /> • ' ,, by this Saauiry Iasoramen4 wheth�or not theu due. ,.:�� ._—
<br /> � Un2es4 I.eadea and Baimwer olhaarise agre�in wrising.m►Y dPP�cation of pmceeds to principal s d a ll not exte�d or postpone ; �•, _�
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<br /> the dne date of the monthly paymeats refeAed to ir►pa�ag�apbs 1 and 2 or change the amo�t of sach payme�ts. ` . ;`;�.yo; .�.
<br /> ` ll.Borsovrer Piot Re[eased;Forbearance By 1.ender Not a Waiver. Factension of the time for payment or madification . � =�.'�
<br /> " .. : "; :��.'� b I.euder to any succcssor in intecest of Bamuwer shall _ _._:_ �`'�'
<br /> of amordzation of the sums sec�aed by dus Seaaity Iasuament gianted Y ccc ',:��;:�� �
<br /> , `t:'. � nat opeaate w release the liab�ity of the origmal Boirowea or Borrower's successors in inteaest.Leacder shaU not 6e requiced w �'�_;��.:
<br /> �.'' j camu�ence pioceedin8s agannst any successor in interea-t or refuse w ext�nd 6me for payment or othe.rwise madify amortir�tion of � �,:_�:�=r�
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<br /> � ihe sucns secaaed by this Se�asrity Instruraeut by reason of any demand made hy the origu�al Boirower or Barrower's successors '.• , �_�. '•,�,.;;;;;.
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<br /> :-_ i u�inierest.AnY foib�ce by L�eatder is�ex�cisiug any right ar remedy shatl not Ue a waivea of or preclude the exeaeise of any . _;+�::�;,,_:
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<br /> � : .�.,� right or remeay.
<br /> �; 1Z.Sncoessors and Assigns Bound;Joini and Several Liab3Gty;Co-signers. 'IDe cove�ants and agreemenis of this ' •:';",�Ar
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<br /> . : , ( S�r Instrum�t sbaII biad aad benefit the succe�so�s and assigns of I.eudea and Bomnwer. subfect w the provisions of ,.-)f;:..,.�.;.,
<br /> . ' .. . paragraph 17. Bo:rower's covenffiuv and agcee�ents shall be joint and several. Any Borrowea who co-signs this Securiry . ;�,;��?:
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<br /> • � Instrument but does not executc the Note: (a)is co-signin8 this Se�ritY Instrumeat only w mostgage.grant and convey tvat ::�_-
<br /> . Bormwea's interest in the Pmpeaty ander the tams of this Secvrity Instrumen�N)is not personaily obligated to pay the sum4 ;;4�.�;��'
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<br /> sectued by this Secudty Inslsumenfi and(c)agrees that I,eaider and anY other Bormwea may agree w e�ctead,modify,forbear or --- :�r::�•
<br /> -. make any accommadations wifh regard w the tertns of dus Secarity lnstmment or the Note wifhout thal Bomower's consent -- - : `:�:��
<br /> . - 13.Loan C6argea If the loan secured by tLis Secvrity Instrument is subject to a law which sets maximum loan charges, '::=;4,:,,�
<br /> ;4" and tbat law is fmariy interpreted so that the interest ar o�her loan charges collected or w be ooile�xed in connedion with the toan � �;;���
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<br /> ; � • � exceed the penniucd Wsrits.tdea:(a)any such 1oan charge shall be reduced by the atnount necessary w redace the charge to the = � -'_- �:, ::
<br /> � pemdtted limit;and(b)any sums alrea�y collected from Borrower which exceeded pan►iued liraits will be refunded to Sosowe�. �;'�+;+q;�:
<br /> • ' � Leaid�may choose w malce this refund by reducmg the principal owed und�the Note or by makiag a duect gayment to :. �,� ' ���.:
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<br /> � • Borrower. If a refund reduces principal,the reduction wi11 be ueated as a partial prepayment without anY PlePayment cha:ge , . '.;;:;�:�.
<br /> ! � und�We Note. _���,�
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<br /> _ . � �. �:� 14.Nottces. Any notice to Bormwer provided for in this Security Instrument shall be given by deliveaing it or by mailing ii '*:�"_:
<br /> '• by first�lass mail�miess appllcable 1aw requires use of anothe,r method.'Ihe notice shall be d"uec�2d to ihe Properiy Address or ,
<br /> -� � any ottnea address Boirower desigaates by notice w I.ender.My no�ice w I,ender shall be given by first class mail w Lender's
<br /> , address stated herein or any other address Lender des�a�s by notice tn Borrower. Any nofice provided for in this Securiry - ,
<br /> Instrnment shaU be deemed to have been given w Bosrower or Lender when glven as provided in this paragraph. , � �
<br /> . � 1S.Coverning Law;Severa6ilIty. This Securiry lnstrument shall be govcmed by federal law and the law of the ��� � .:
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<br /> • . .� j�risdictiioa�which the Prope�ty is located.In the event that any provision or clause of this S°.,curiry Inswment ar the h�ote _ �,. � .
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<br /> cpnflicts with applicable taw.such conflict shall not affect other provisions of this Security Instra�^aent or the Note which can be
<br /> given effect without the cQnflicting provision.To this end the provisions of this Security Inswmcat and the l�mte are declared to � ,'�� , :• .
<br /> be severable. ' ..
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