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<br /> •; paymen�+ may no longcn c�required.ut thc nptian uf l.cndcr, if murtgugc insuruncc covcr<<gc(in thc umount and far thc period
<br /> th;it l.cndcr rcyuires)pravidcd by un insurcr,�pprovcd by Lendcr i�gi�in bccumcs uvuiluhlc iuid iti uhti�incd. Borrowcr shuli pi�y
<br /> `,'" "� thc prcmiums rcyuircd to muintain mortgiigc insuruncc in cffcct,or tu prnvidc a�luss rescrvc. until thc rcquircmcnt f��r mnrt�;ngc
<br /> ,.., insuranrc cnds in uccorduncc with uny writtcn agrccmcnt bctwcen Rornnvcr nnd 1-.�ndcr or upplicuhlc luw.
<br /> , .r.�� 9. Ynsp��atlnu� L.�:ndcr ur i��. agau may� makC rCationaNlc C�tti'IC�upim nntl in�[�ciliun� uf lhc Pruperry. I.cnJcr shnll givc ..
<br /> �. x Ilnrri�wcr nnticc ut thc timc uf or prior to nn inspcction spccil'ying rcusimuhlc cuu+c f�,r thc inspertiun. '��.;
<br /> � 10. (:nndentnatlon. Thc prc�cccd�of uny i►wurd or claim for diunugcs, dircct or ranscqucntial, in cunncuion with uny .
<br /> �.�, candcmntttiim ur i�thcr luking of ttny purt ot'thc Propcny, or for convcyunrc in licu uf candemnuti��n, urc hcreby ussigncd und
<br /> � shidl hc paid to l.endcr. �,•`.
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<br /> � In the event of a total taking of the Praperty,the proceeds shull be upplied to die sums sccured by this Security Inrtrument, �.:,,�
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<br /> t; whethcr or nat then due, with any cxccss puid ta Borrowcr. In the evcnt of u purtial taking of thc Property in which the fair �,�,,,�
<br /> � markct valuc of the Property immedintely beforc the tnking is equal to or greuter than the amottnt of the sums sccurcd by this __-_
<br /> ,; Sccurity Instrument immediacely beforc the taking,unlcss Borcower and L�:nder otherwise ugree in writing, thc sums secured by ___
<br /> �� this Securi�y Instrument shall be reduced by the amount of the proceeds multiplied by the fullowing fructinn: (a) the tatal - __
<br /> cunount of the sums secured immediutely before the taking, divided by (b) the fair market value of the Pmperty immediately __
<br />- • before the taking. Any balance shall be paid to Borrower. In the event af a partial taking of the Praperty in which the fair __
<br /> � market value of the Propeny immediately before the tuking is less than the amounc af the sums secured immediately before the �
<br /> � • tnking, unless Borrower nnd Lcnder otherwise ugree in writing or unless applic;nble luw othcrwisc provides, the procceds shall 4=__
<br /> . be applied ro the sums secured by this Security Instrument whether or not [he sums are thcn due. _
<br /> , If the Property is abandoned by Borrower, or if,after notice by Lender to 9orrower thut the condemnor offers to make an !__
<br /> ����� �: A award or settle a claim far damages, Borrower fails ta respond to Lender within 30 days after the date the notice �� given, .�.-�
<br />� Lender is authorized to collect und upply the proceeds,at its option,either to restoration or repair of the Proparty or t� �he sums
<br />_ ; ' secured by this Security Instrument,whether or nat then due. _
<br /> Unless Lender and Borrower otherwise agree in writing, any applicution of proceeds to principal shall not extend or �
<br /> '��� postpone the due date of the monthly Qaytnents referred to in paragrnphs 1 und 2 or change the amount of such payments. _
<br /> �-'�'•: � 11. Borrower Not Released;Forbearance By li.ender Not a Wuiver.Extension of the time for payment or modification
<br /> +,� of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shaU
<br />��•:i.a '?}�, not operate to release the liability of the original Borrower or I3orrower's successors in interest. Lender shall not be ecquired to
<br /> commence proceedings against any successor in interes� or reiu,c tu cxtcr��tirr�e:;r pa��r:cn:c:o:"�r.`•'is='•'•i"�lf;?mnrti�ation
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<br /> :;.y��,.�r,.�. af the sums securcd by this Security Instrument by reason of any demand made by the original Borrower or Borruwer's
<br />,.�;.5�,;;��'��.� ; successors in interest. Any forbearance by Lendet in exercising uny right or remedy shall not be a waiver of or preclude the
<br />"`�;K_ ' � . exercise of any right or remedy.
<br />:"`� �• � 12. Successors and Assi ns Bound; Jotnt and Several Liubility; Co•slgners. The covenants and agreements of this
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<br />� �_-��� Security Instrument shall bind and benefit the successors nnd assigns of Lender and Horrower. subject to the provisions of
<br /> ��u��' paragraph 17. Borrower's covenants and agreements shall be joint and severnl. Any Borrower who ca-signs this Security
<br /> _.a.�.,....9,�,� Instrument but does not execute the Note: (a) is cv-signing this Security Instrument only to mortgage, grant a��d r,onvey that
<br /> __���� Bonower's interest in the Property under the terms of this Se;curity Instrument;(b) is not personally obligateci to pay the sums
<br /> -:. _�� secured by this 5ecurity Instrument;and(c)a�rees that L.ender und any other Borrower may agree to extend,modify,forbear or
<br /> ---'-- make uny accommodations with regard to the terms of this Security Instrument or the Note without that Bonower's consent.
<br /> '� � 13.Loan Chaiges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> ---- and that law is finally interpreted so that the interest or other loan charges collected or to be collected in c,�c��ection with the
<br /> loan exceed the permitted limits. then: (a)any such loan charge shall be reduced by the amount necessa�y to recluce the churge
<br /> �� _ to the permitted limit; and (b)any sums nlready collecteci from Boxror�er which exceeded permitted limits will be refunded to
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> --°"-���� payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without nny ,
<br /> prepaymcnt charge undcr the Note.
<br /> ----- 14.Notices.Any notice to Borrower providai for in this Security Instrument shull be given by deliverin�it or by mailing
<br /> � it by first class mail unless applicable law requires use of anuther metliod.The notice shall be directed to the Property Address
<br /> -- =�� or any other address Bonower desi�nates by notice to Lendcr. Any notice to Lendar shaU be givcn by first class mail to
<br /> ��a- Lender's address stuted herein or any other address Lender dcsignates by notice ta Bonower. Any notice provided for in this
<br /> �---m-�� Security lnstrument shall be deemed to have been given to Horrower or Lender when given as provided in this paragraph.
<br /> -- -- IS.Governing Law; Sever.�biltty. This Security Instrument shall be governed by federal law and the luw of the
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<br /> ;-ry.�:_y jurisdiction in which the Property is located. in the event that any provision or clause of this Security Instrument or the Note
<br /> T��^'{��r+" conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> =�ri;.'•:1���.'�, given effect without the conflicting provision. To this end the provisiuns of this Se4:uriry Instrument and the Note are declare�i —
<br /> :°-i�.::i:�:,; � to be sevcrable.
<br /> ��`��'=�'-"-"� 16.Bormtiver's Copy.Borro�ver shall be given one conformed copy of the Note und of this Security Instrument. `_
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