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<br /> payment�may no longer be requimf. at the option of Lertder, if mortgage i►uurance ruverage lin the amount and for the period : ��`�`� �'
<br /> :..;;�
<br /> � that Lende� requiresl provided by an insurer appro�•ed by Lender�gain be�rome.r available und i�<�btained. Borrower shall pay � v:,� —
<br /> -- thz pr+emiums reyu�red to ma�ntain mongage insurance in effect,or to Provide a tua�rr�er�r.utuit the r�:quiremeai for rrtort�sge -,- --. - - _—_: -
<br /> insuranre ends in accordarnr with any written agreement betwoen Barrow•er and Lender or applicable I.►w. , . . - _
<br /> ` 9, Inq�tlan. Lender c�r ia agent may make reasonabie entries upon and mspection�of tlhe Property. Lender shall give ,
<br /> Borrower natice at the time of or prior to:in in,pe�tion specifying reasnnable cause fur d�e inspeccion. �.:�:�,�.-;-:;_;�.� �-�.
<br /> 10. Condemnntion. The proceeds of any a�►•ard or claim for damages. dircrt or�Ymseyuemial, in connection with any . • ° � -•
<br /> a+ndemnauon or other taking uf any part uf the Prnperty.or for convey:uice in lieu of condemn:ttian. are hereby assigned and �;�`�� �
<br /> • shalt bc paid tu Lcnder. � . "-�-"`�'y`-`°�'__
<br />-� In�he cvent uf a wtal takmg u[the Propeny. tbe proceeds,hall be applied to the sum.ti,erured by this Srcurit}•lnstrument< - '"""""`•'-�'=-----�-- -.
<br /> wh�ther or not then dnc, with any excess paid tn Horro�ver. !n the ecent of a partia! taking ot the Pr��pe►ty in which the fair ___ _ ���
<br /> . markc� value of the Propeny immediately before the taking is equal to ur greater than[he acnount of the sums secured by this , ',�' '�--
<br /> Security Instcument immediately 6efore the taking,unless Borrower and Lender atherwise agree m writing,the sums secured by �,y,�?-_`;
<br /> this 5ecurity Instrument shall be reduced by the amount of the pracceds a�uttiptied by the foHowing fraction: la) the total ."_, :: ,�. = � ���•�,�=.
<br /> �:r;,�. - -- �
<br />• amount of the sums secured immediately before the tatcing. divided by (b)the fair market value of thc Property immadiately ,Y,-t,;�«=�'�__�"-'"
<br />• before the taking. Any halance stiall be paid to Borrower. In the event of a partial taking of the Propeny in which Ihe fair ' '"-'�"_�`�''
<br /> � ' market value�f the Praperty immediately before thc taking is less than the amount of the sums�ecured iminediately tsefore the '�"��..'�""°""'°°"—
<br /> taking. unless Borrower and Lender othemise agrcx in writing or unless applicabte law athenvise provides,the proceeds shall �- -�.'`.! -���_:_,...
<br /> �;'�. ,;.;4.::-'--;a...-.�;-.-, �..��
<br /> be applied to the sums secured by this Security Inswment whether or not the sunu are[hen due. - �-- __ ___.�
<br /> ; If the Property is abandoned by Horrower,or if,afrer notice by Lender to Borrower that the condemnor offeis to ma4ce an � '� � _" ' �{•�"��
<br /> award or settle a claim for damages. Borrower fails to respond ta Lender within 30 days aher the date the nodce is given, •� __ -_-�
<br /> LeRder is authorized to collect aRd apply the proceeds.at iu option,either w restoration or repair of[he Property ot to the sums ����%�`°___--
<br /> r..-----
<br /> X a:::�y i�tf'���,r.
<br /> _ . secured by this Security Instnunent,whether or not then due. ''*,•.��_'_��
<br /> Unless Lender and Borrower oiherwise a�ree in writing, any appliration of proceeds to principal shall not extend or ,..�• _
<br /> st one the due date of the monthl a ments referred to in ara hs 1 and 2 or chan e the amount o f sac h a menu. •��.•.'�• ��"��"���
<br /> po p Y P Y P 8mP S P Y _ ..u.=.`�st�::.���_
<br /> . I!.Borruwer Not Reteased;Forb�arunce�y I.ender Not a Waiver.Extension of the time for payment or aeodification `� - ��
<br /> � ' of amorti7ation of the sums secured by this Security Instrument granted by I.err�er to any successor in interest of Bflrrotver shaU � ..
<br /> . • l ',�,°ri„�,.s ��"�'�
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to �* �Y_
<br /> commence praeedings against any successor in interest or refuse to extend time for payment or othenvise modify amorti7arion `'�?
<br /> "" of the sums secured by this Security Instrument by reason of any demand made by the original Horrower or Borrower s � •� ,-, ,
<br /> successors in interest. Any forbearance by L.ender in exercisine any right or remedy shall not be a waiver of or pmxlude the "'��¢� -'y•
<br /> exercis�of any right or remedy. � ,.�-. a� , �
<br /> .::,Y •�-��,.r — --' ,.�.. J
<br /> �•, 113.Satcessmts and Assi� Bound;Joint and Several LiabU[ty; Co-signers. The covenants and agree�of this • '�'r" ;__.;,
<br />' Security Instrument s3ia11 bind and benefit the successors and a�signs of Lendec an� Borrower, sub�iect to the provisions of '��`��`��:'_�r
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and seveial. My Borrower who co-signs this Sewrity �.���`'
<br /> Instrument but does not eaetute the Note: (a) is co-signing this Security Instrument anly to mortgage, gtant and oonvey that "• � -
<br /> � ' --
<br /> Borrox•er s interest in the Property under the terms of this Securiry Instrument;(b)is not personally obGgated to pay the sums 4='�"� ���� '
<br /> �����
<br /> s�d by this Security InstrumenC and(c)agrees that I.ender and any other Borrower may agree to extend,modify.forbear or ,ti_ ,,;�,. �6� '�'S,=
<br /> . make any accommodations with regard w the terms of this Security Instn�ment or the Note without that Borrower's coasent. _;��..;�:-.-
<br /> 13.Loan Charges.If the loan secured by this Security Instntment is subject to a law which sets maximum loan charges. .:•:� . . _-
<br /> . �,� :
<br /> and that law is finally interpreted so that the intemst or ather loan charges collected or ta be eolletted in connection with the �. ��"
<br /> loan ezceed the permit�ed limits.then:(a)any such loan cfuwe shall be reduced by the amount necessary to reduce the charge �-?y
<br /> � ������-
<br /> � to th�permitteA limit:and(b)any sums already collected from Borrower wGich excceded pemrittcd limits will be refunded to • __
<br /> Borrower. Lender may choose to make this refund by reduciAg the principal owed under the Note or by making a direct "" -•�:�:Jv�:y_
<br /> ' payment to Borrawet. If a refund reduces principal. the reduction will be treated as a partial prepayment without any ��—�-g=.=
<br /> prepayment charge under the Note. �—=��- --
<br /> �. . ': Il4.Notices.My notice to Borrower provided for in tfads Security Instrumeat shall be given by delivering it or by mailing • `� =�:
<br /> it by �f^.rst class mail unless appIl�rable law requires use of anc:har method.The norice shs.�6 be directed to the Property Address r�` 7��:�,^;`` '��„
<br /> �Y;r
<br /> � or an other address Borrower desi nates b notice to Lender. An notice to Lender shail be rven b first class mail to ��•-• ��•�• •� �1,;�
<br /> Y g Y Y g Y ,s.,.` . •:.�! �.
<br /> Lender s address sta•,zd herein or any other address Lender designates by notice to Borrower. Any notice provided for in this •{" .::; .7.. • .:�,;
<br /> Security instrume:�t�.�:all be deemed to have been given ro Borrower or Lender when given as provided in this paragraph. " _-_- __ ��_.���
<br /> � 15.Governing Law; Sey�rability. This Security Instrument shall be govemed by federal law and the law ofthe .::''��r��� .•�
<br /> uris�;r ion in which the Pro � is located. In the event that an rovision ar clause off this Securi [nstrument or the Note i� �"°
<br /> � l D '-�J Y P �3' �::.:,_�•_ ,.r.�rrz -.._
<br /> •• cor.`.';:s with apr�ecable law,sucn conflict shall not affect other provisions of this Securi�y Instrument or the Note which can be ...'''""'�'•'.;`�
<br /> • �•�;s given effect witt�L^,the conflicting provision. To this end the provisions of this Security Instrumenr��sv the Note are declared �' ;<Y%�t;,.==•_
<br /> .. ,,,:
<br /> ''��{ to be severable. ��'' • "^" "' '�' '
<br /> .�t !6.Bosrowes's Copy.Borrower shall be given one cos�6ormed copy of the Note and of this Security Insirument. ^ � { �,`"-��
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