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<br /> t' •.' � � `' pay�ments may no longcr be required.ai the oppon of[.ender,if mort�e insumnce coverdgc lin the amount and far the period �� �t� `,`.,
<br /> ' ,�: • _• that Lender requims3 pm�d e d by an i n s u r e r a p proved b y Lender again becomes avaitable and is obtained.Bonower shall pay � '
<br /> � . ' �''^�` the remiur►u required to n�aintain martgage insurance in effecc.or to provide a loss reser�e.�th�cec[uimment Eor mortgage� , :}� ` . `•..
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<br /> � ._° :�,��, insurance end�in acoordancc with anY wr�tten asreement betweea Borrower�nd Lender or app �nder shall ive�D �� ' •,�
<br /> g, lttsp�oo.Lender or it+age�t may make reasonable entries a�on and inspections of the PropertY• B . , . .L�: .
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<br /> � .,.s., eci tn masonable cause for the inspection. -- — -
<br /> < ' � �
<br /> < ` ' Sarrower notire at the time uf or pnor to an snspecnon SP fY g -
<br /> � - � t0. Caudernnadon. The proceeds of any award or ctaim for damages.direct or consequential, in connecKion with anY t,f/ '
<br /> `• ' of the Pro e or fot conveyance in lieu of condemnation.are hereby assi8ned and � � ;�,;S ....
<br /> 'r '° condemnatian or otfier taking of any part P nY• , d���.
<br /> ` �� , s6a11 be paid to i.ender. � ``•
<br /> ". � �--� �� - In the event of a cotal tatdng of the Propercy.the pmcce�s shalt be agptied to the sums secured by this Security Inscrument, � �_.ti
<br /> � � whether ar not then due,with anY excess paid to Borrower. ln tlie event of a partial taAing of the PropertY in which the fair -
<br /> ''<`° � ' • market value of the Pcoperty immediately before the takir�g is equal to or g�'eater d�che amount of the sums secure�by this : ___ _
<br /> s ��. - � - Security Instniment immediately before the taking.nnless Borrower and Lender otherwise agree in writing,the sums secused bY _,
<br /> ,, �t.�:; �is ge�riry Instniment shal! be �educed by the amount of ths procceds multiplied by the following f�action: (at��a� r f`,'�.'�-
<br /> �� � - amount of the sums secured imme�liatelY befoce the taking,divided by (b)the fair market value of the Progerty�C� �e �r - , .`? �� .
<br />.�4 � before the taking. Any balance shall be paid to Borrower. in the eveat of a partial taking of the ProPettY
<br /> . . . market value of the Property immediately before the taking is less than ttce amount of the sums secured imcrtediately before We ., ,
<br />,.` ' '� taking.unless Borrower and Le►►der othenvise agree in w�iting or unless applicable law otherwise pmvides, the proceeds shall `�4_ =
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<br /> ` , be apptied to the sums secured bY tt►u Sea'nty I"stiume°t whether or not the sums are then due. __
<br /> �`� �. .. -. _ If the pro p ertyr;s abandoaed by Borrower,or if.after natice by Lender to Borrower that the condemnor offers to make an _
<br /> �- � � � awar�or settle a claim for damages. Borrower fails to respond to Lender aithin 30 days a fter t he d a te the notice is g i ven. . ___
<br /> Lender is authorized to coi[ect and apply the pmceeds,at its option,either to restoration or repair of the Property or to the sums �_ _
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<br /> secured by this Security InstrumenY.whether or not then due. "—
<br /> • Unless Lender and Borrower otherwise agcee �n writin8• �Y aPP�i��on of praceeiis to principal shall not eutend or �' r � _�.:
<br /> ,.,:;_;.<`e.°.' r�,_-=-
<br /> +-��- �- - f:. postpone the due dute af the monthly payments refermd ta in Parag'aPhs 1 and 2 or change the amount af such paymeats.
<br /> • -''• � Lercder No!a Waiver.Extension of the time for payme�or modificaUion
<br /> • 11.Borrower Not Released;Forbearance BY ---.
<br /> . � �� � - of amortization of the sums secured by this Sec.�rity Insnument granted by Lender to any successor in interesi of Borrower shall �_ _
<br /> � - �,, not opesate to release the liability of the original Borrower or Borrower's successors in interest• L.ender shall not be required to _ __
<br /> � `,'�� . ,• ,�� commence proceedings againsi any successor in interest or refuse ta extend time for payment or otherwise modifY amorwarion
<br /> � � • � of the swns secured by th�s Security Ins�►�t by reacon of any demand made by the original Horrower or Borrower s
<br /> • � , successors in interest. Any forbearance by I.ender in exer�ising any right or remedy shall not be a waiver of or preclude the � ';�y_
<br /> . . , �.;_°�•�
<br /> '�'_ . . � :r ,� exercise of any right ar remedY•
<br /> ' 12.Successors and Assigns Bouad;Joint and Severa! I.iability; Co-signeis•The covenants and ��menu of shis __.
<br /> �•;. _ .
<br /> �'�. . ' � • Security Instrument shall bind and benefit the successors and assigns of I.ender and Borrower. subject to the provisions of _ _,
<br /> . ' . ��•` paragraph 17. Borrower's covenants and agreements sha11 be joint and several. Any Borrower who co-signs this Securir! - �
<br /> �,4 Insm►ment but daes not execute the Note: (a) is co-signing this Security Iastrument oaly to mortgage,grant and canvey that „��r�-;-
<br /> � - • Boaowet's interest in the Property under the terms of this Security Instrument;(b)is not personally obligatetl to pay the sums . •-:�;,
<br /> ' � ' � `' '". secured by this Security Insuument:and(c)agrees that Lender and any other Borrower may agree to eatend, modify.forbear or .,;•��: —
<br /> ''�r � ' �.� make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. _-
<br /> �� , �3,Loan Charges.If the loan secured by this Security Instrument is subject to a law whieh sets mauimum loan ebarges. —
<br /> �;` '•;, , . a��tiiat law is finaily interpreted so that the interest or other loan charges collected or to be collected in conneccion with the
<br /> n� • '�.. . - loan ex c e e d t he p e r m i t t e d l i m i t s.then: (a)an y such loan charge shall be reduced by the amount necessary to reduce the charge `, ` ;=
<br /> Cr,-' • . ,;.� to the permitt e d limit:and(b)any sums already callec[ed from Borrower which eaceeded pemutted�imits wi l l be re fun d e d to ,.,_„� ___I'_
<br /> • �.•.'<t• Borrower. L en der may choose co make this refund by reducing the principal owed under the Note or by making a direct � .;j ,
<br /> '� ' � payment to Borrower. If a refund reduces princi pal. the reductian will be treated as a partial prepayment without.any _
<br /> :,:: ;. . . .
<br /> :,ti .: prepayment charge under the tiote. .
<br /> -• �" '�'�- - ��'. 14.Notrces.Any notice to Bonower provided for in this Security lnstrument shall be givenr,by deliverin�it or by mailing
<br /> ' .� °. it by first class mail unless applicable law requires use of another method.The nodce shail be directec�to the Property Address .
<br /> , ;,:,�� ,. ,
<br /> • • or any other address Borrower designates by notice to Lender. Any natice to Lender shall be given by first class mail to
<br /> • � ' • Lendei s address stated herein or any other address Lendcr designates by notice to Bonower. Any notice provided for in.w�
<br /> � Security lnstrument shall be deemed to have been given to Borrowcr or L.ender when given as provided in this para$rs+Ph• , :
<br /> . � . � 15.Governing La�w, Severabillty. This Security Inswment shall be governed by federal law and the law of the ;.
<br /> . •� jurisdiction in which the Property is located. In the event that any provision or clause of this 5eturity In�trument or the Note , � .
<br /> ,' conflicts with applirable law,such wnflict shall not affect other provisions of this Security lnstrument or the Note whicb can be
<br /> ' given effect without the conflicting provision.To this end the provisions of this Security lnstrument and the Note are declazed
<br /> � to be seversble.
<br /> . ,. 16.Borrowcr's Coa,v.Bonower shall be given one conformed copy of the Note and of this Security instn►ment.
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