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<br /> e�0'� "�����t�a •' . � ' �, ��7
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<br /> payments may nn longer be required. at the opuun of Lender. if m��rtgagr insurance coverage lin the amount and f��r the periud •• j • - . y.
<br />' thst Lendtr require�)pn���ided by an insurer approved by Lender sgain become�availahle:►nd i+ubtained. Borrouer sh:ill pay - �_
<br /> the premium�requireJ to maintain mort�,:age intiursnce in eff��t.ur to pruvide a loa,rc�+en•e,until thr requireme�n fur mortgage —
<br /> in.tiurance end+in ac�urdance with any w�ritten agreement between 8nrru«er and L.ender ur applirable IaN. , �:
<br /> 9. Ia�pectlon. l.�nder�tt it,agent r►tiy make res�unabie entn��. upon and intipcctium of the Prupert�'. Lender�hall give 4 ;.'.. . .
<br /> ' Borrouer�tice st the tiene uf or pnor to rn m.pncion+pe�ifying r�a�onable cau�e fur the impt�tiun. , _, '.—.
<br /> . �� -•_`_.�---
<br /> 10. Condemuattop. The proceedti uf;uiy award or claim for damage.. direct nr rumequenti3l, in conne�.-tian with any , _ „
<br /> •-tk�.-���--
<br /> condemnati��n ar ather taking of any� part c�f the Pruperty.or for com�e>�ance in lieu uf rundrmnatiun,are hereby a�.�igned and . . .�. � _
<br /> shall be paid to Lender. �. � -- _ - _
<br /> In the event of a total taking of the Proper[y.the proceeds,hall be applied to the tiums secured by this Securiry Instrument. _ __
<br /> �vhether or not then due. with any excess paid to Borrower. In the er•ent of a partial wking of the Property in which the fair - ` ,�_��,�_,_
<br /> markei value af the Property immediately before the taking is eyuxl to or greater than the amount of the�ums secured by this - �.-: � •:,�
<br /> � :•�c::....�.
<br />. Security Instrument immediately before the[aking, unless Borrower and Lender otherwise agree in writing,che�ums secured by .,, ..��.,�„;.,,_ -
<br /> this Security Instrument shal! be reduced by the amnunt of the pro��eeds multiplied by the folto�ving fraction: (a) the total . . -�,v-�. ,' �
<br /> �'. �.v[..•>'�,` ,
<br /> v..
<br /> amount of the sums secured immediately before[he taking, divided by (bl the fair market value of the Property immediately `L��. _ .
<br /> before thr taking. Any balance shall be paid co Borrower. In the event of a partial taking of the 1'roperh;•in which the fair • ��•. ��_,_��
<br /> i,,,',. _
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the ,� .�
<br /> . taking, unless Borrower and Lender otherwise agree in writing ar unless applicable law otherwise provides,the pracceds shal� • . . �?`::";�:
<br />- be applied to the sums secured by this Security[nstrument whether or not the sums aze then due. - �.:`�. . �_.,• 4, _�
<br /> If the Property is abandoned by Borrower.or if,after notice by Lender to Borrower that the condemnor offers to make an '�.h,'. ;: v
<br /> - award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date tlte nouce is given. .� _ „i_�
<br /> L.ender is authorized to collect and apply the proceeds,at its opuon,either to restoration or repair of the Property or to the sums j�.yf1?i• '�'� '� "' ,��-� ��
<br /> 0.,��5i�� .Y .
<br /> ' secured by this Security Instrument,whether or not then due. ' ""`� X "
<br /> `�fii'�•.:.:.�..� �.� _ .
<br /> Unless L.ender and Borrowcr otherwise agree in writing. any app�ication of procec�ds to principal shall not e�ctend or �•;.:�__ � .�.;.,_
<br /> .a• ":�riz�.Y
<br /> postpone the due�te of the monthfy payRtenu referred to in paragraphs 1 and 2 or change the amount of such payments- �� �
<br /> `•' I1.Borrorrer\at IZeieased;Forbearance By Lender Noi a Waiver.Ex[ension of the time for payment or modification . � :.� ' .�::_
<br /> of arrr,�*tization of�he sums scr�cred by this Security Instrument granted by Lxnder to any successor in interest of Borrower shall � y��
<br /> :,`� : ,,. _
<br /> .. +�r,,*„�,.,�
<br /> not ep�rate to re�ease the liabiC=:y of the original Borrower or Borrower's successors in interest. Lender shall aot�;e czyuired to ,�:; ?�"
<br /> commence pracee�;ngs against any successor in interest or re.'use to exte�:�time far pa}ment or othe��ise modify �.-nortization -�;_:•;�.�, .:__
<br /> ±'� �c;;
<br /> of the sums secured by this Security Instrument by reason of any dei-�.and made by the origina.� Borrower or Borrower's _ ,f�k�+i:�.';__
<br /> saccessors in intetest. Any forbzarance by L.ender in exercising any right or remedy shall not be a waiver of or preciude the # ` '
<br /> ec�cse of any right or remedy- �� . �,'.��
<br /> 12. Successois and assigas Bound;Joint and Se���ral Liability; Co-signess. The covenants and agreemenu of this f,Y,,• ; ; � :;r�,° _
<br /> ,=�t Security Insnun znt shall bind and benefit the successors and assigns of Lender and Borrower. subject tu the pmvisions of ����'� � � =*%�i
<br /> �_ .._ ._
<br /> r:-r• -
<br /> paragraph 17. ��rower's coventmts and agreements shall be joint and several. Any Borrower who co-signs this Security .,,,�� ; _
<br /> n
<br /> ' Instrument but does not execute the Note: (a) is co-signing this Securiry Insuument only to mortgage, grant and convey that •-.;. �i_4y��
<br /> Bosrower's interest in the Property under the terms of this Security Instrument: (b)is not persanally obligated to pay the sums ,��
<br /> secured by this Security Instrument;and(c)agrees that Lert3�r and any other B�rrower may agree to extend.madify,forbear or 4 _..� �- ==_�_
<br /> �� make any accor:�odations with regard to the terms of this Sxunty In.strument or the Note without that Bonower's consent. , , �. '�
<br /> ,,ti�,;, 13, I,oan Ci�arges. If the loan secured by this Security Instnimer.:is subject to a law which seu maximum loan charges, �� � _
<br /> an�that law is finally interpreted so that the interest or ether loan charges collected or to be wllected in wnnection with the ? _ -�y,��` • • .-__
<br /> $ _ .
<br /> Ie:r.sxceed the permitted limits,then (a)airy such loa*�dt:;rge shall be reduced by the amount necessary to reduce the c:�arge "' '�t. '� . _.
<br /> . ��. . -'�.,�,. .. .. ,•_ . `
<br /> to:::t permitted limit;and(b) 2ny sums already collectati tT3m Borrower which eaa�ded pertnitted limits will be refunded to ;��,���� , ,! y ' �-
<br /> �..�� Borrower. Lertdes may choase to make this refund by reducing the principal ow�] under the Note or by making a direct ,�,..,,�?�, , t , .
<br /> payment to Bc^uwer. If a refund reduces principal. the reduction will be treated as a partial prepayment without any f' �f`�,`�k` � ,.�-+y;.`��'
<br /> . Frenayment charge under the Note. .�����.
<br /> , �+�y�r��,—�� T� �
<br /> 14.Notices.Any notice to Borrower provided for in titis Security (nstrument shall be given by delivering it er by mailing ��. .�.•
<br /> it L�first class mail unless aF��=:cable law requires use cf a�other method. The notice shall be directed to the Pr't�rty Address . : ' `-
<br /> �• � or a�y other address Borrower designates :�y notice to Lender. Any notice to Ixnder shall be given by first class mail to :��;.�;,�:,�,..
<br /> �� Lender's address stated herein or any otL��-.,3dress l.ender designates by notice to Borrower. Any notice provided for in this ��Zh'`-�
<br /> ti{C;�,"a �
<br /> Security Instrument shall be deemed to ha�e oeen given to Borrower or Lender when given as pra����!.�d in this patagraph. ± , _
<br /> 15.Goveming Law; �erability. This Sewr.n Instrument tihall be governed by fe::::...1 law and the law of the ;�.�, •..����.�'�'' •��;,__
<br /> i•�risdiction in which the Pc�;9.:-�s�ty is located.In the e�•°nt that any provision or clause of this Securi Instrument or the Noie ;:{�{%°ry. c� :.;`��:`'• :
<br /> �Y ,z��,,.,.r•., i,,,.�� ..
<br /> a:�flicts with applicable law. such conflict shall not afre✓other provisions of this Security Instrument or the hc:.�h�ch can be i�;ti���.. "."`�;�Y��:�Y.. :
<br /> gi�en effect Wikhaut the conflicting pro��isir.. To thi�rnd the provisions of this Securiry Instrumer..t and the ho:e are declared �.�i;e�;_��;�i•,:����;;,'.,
<br /> co be severable. .• . ;::ftifi�r��. •
<br /> � 16.Bnrro�ver's Copy.Borrower shall be gi�en���ne cunformed copy of the Note and of this Security Instrument. . �. .� :..'�d.��.'�
<br /> : ��;: ,-...:• .•
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