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<br /> puyments may no longcr bc rcquiecd,nt thc option of Lcndcr.if mongagc insuruncc covcragc(in thc amount and or thc pcnod
<br /> thnt Lcndcr rcquires)providc�by an insurer npprovcd by Lcnder again bccomes avnilablc�nd is obtained.Borrower sh�ll pay the
<br /> prcmlums requlted to malntttin mongage insurance in effect,or to pruvide a loss reserve, undl thc requirement for mortgage i - -
<br /> ' insuranca ends in t�:cordance with any wrltten agreement between Borrower and Lender or appllcable law.
<br /> 9.Iaspectlon. Lender ar its agent may make rcasonabic cntries upon and inspecuons of the Praperty. Lendcr shall givc �
<br /> . Borrower nodce at the time of or pdor to un inspecdon specifying reasonable cause for the insp�ction.
<br /> 10.Condemn�tbn. 'Ihe prnceeds of any award or claim for damages, dlmet or consequential, in connecdon with any �
<br /> condemnadon or other taking of any part of the Property,or for conveyence in lieu of condemnadon,are hereby assigned and ' �_.;�
<br /> shall ba paid to Lcnder. ��= .
<br /> In the cvent of a total taking of thc Properry,the procceds shaU be applied to the sums secured by tt�s Securiry Ins�rument, I ,,��z, _
<br /> wheiher oT not ihen due,with any eacess paid tc�Bonower,In ihe event of a partial taking of the Property in which the fair market ;�;�.. _
<br /> value of'the Property immetiietely before the taking is equal w or grcatcr than the amount of the sums secured by this Security .=-�'-���
<br /> Instrument immcdiatcly before the taking, unless Borrower pnd Lender othenvise agree in wridng, the sums secured by this =
<br /> Security Instrument shaU be reduced by the amount of the proceeds mnldplied by the following fraction: (a)the tatal amount of � —
<br /> the sums secured ir►'►mediutelY bcfore the taking, divided by(b) the fair market value of the Property immediately before the _
<br /> taking.My balance shall be paid to Borrower.In the event af a partia]takLig of the Property in which the fair market value of the _�
<br /> Property immedlately befores the taking is less than the arnount of the sums secured immediatelY before the taking, unless '" _
<br /> Borrower and Lender otherwise egree in writing or unless applicable law otherwise provides,the proceeds shall be applied to the �-_.
<br /> ' sams secured by this Securlty Instnunent whether or not thc sums are then due. --
<br /> If the Pronerty is abandoned by Bonower,or if,after nodce by Lender to Borrower that tlie condemnor offers to make an ,
<br /> awazd or seWe a clalm for damages,Borrower fails to respond w Lender within 30 days afcer the date the notice is given,Lender "
<br /> is suthorized to collect and tipply the proceeds,at its option, either to restoradon or repair of the Property or to the sums sccured ���
<br /> �+ by this Security Insirument,whether or not then due.
<br /> �.
<br /> , Unless Lender and Bormwer othen:�se agree in wridng, anY apPlication of proceeds to principal shell not extend or postpone ,, i�
<br /> b the dae date af the monthly payments refeaed to in paragraphs 1 and 2 or chenge the amount of such payments. • �
<br /> il.Borrower Not Released;Farbearaace By Lender Not a Waiver. Extension of the ame for payment or modificadon � ':>; :�
<br /> of emoxtizadon of the sums secured by this Security Inswment granted by Lender to su►y successor in interest of Borrower shaIt
<br /> not operate to release the llability of the original Borrower or BQrrower's successors in interes�I.ender shall not be required to :�i' � � �
<br /> commence proceedings against any sucaessor in interest or refuse to extend time for payment or otherwise modify emortizadon of , •� ��•
<br /> the sums secumd by this Security Insuument by reason of any dsmand made by the original IIorrower or Bonower's successors °' L�� '` ���
<br /> in interesG Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any �;;e i � "�=
<br /> rightorremedy. ,;y�' �
<br /> � 12.Successors and Assigns Bound;Joint and Sevenl Liabil[tyi Ca-signere. The covenants and agreements of this � ,
<br /> : Security Inst:ument shall bind and benefit tho successora and assigns of Lender and Borrower, subject to the provlstons of
<br /> K; paragraph 17. Boxrower's covenants and agreements shall be joint and several. Any Borro�ver who co-signs this Security .�_
<br /> � Insuument but does not execute the Note: (a)is co-signing this Securiry Instrument only w mortgage, grant and �onvey that -
<br /> Borrowet's inurest in the Property under the terms of this Se�urity Instnunent;(b) is not personally obllgated to pay thc sums �'��`- ;�-
<br /> �, secumd by this Security Instmment;and(c)agrees that Lender and eny other Borroww may agree co extend,modlfy.forbear or +'.�' �—
<br /> � � ''� make any sccommodations with regard to the tcrms of this Security Instrument or the Note without that Borrovrer's consenG ��'"�"-�•"T'`
<br /> ": 13.I.oAn C6arges. If thc loan secared by this Security Instmment is subject to a law v�hich sets maximum Ioan charges, ���'°�s`_``
<br /> � and that 1aw 8s fmaily intr,rpreted so that the interest or olher loan charges collected or w be collect�d in connecaon with the toan __e
<br /> . � eaceed the pennittrd Wnits,then:(a)s�nY such loan charge shall be reduced by the amount necessary to reduce the chtuge to the ;��,~-�-V
<br /> permitted limit and(b)anY sums already collected from Borrower which exceeded rmiued limits will be refunded io Boaower. �'� �•��
<br /> pe w.,:►}u:;-
<br /> �' Lender may ehooss to make this refund by mclucing t6e principal owed under the Note or by making n direct payment to � _t��_��'
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<br /> Borrnwer.If a refund reduces principal,the reducdon will be treated as a paroial prepayment without any prepayment charge '<_��_°=...
<br /> ' ,, ._....v.
<br />- ;�� � under the Note.
<br /> t :���e�t'..���
<br /> • 14.Notices. Any nodce to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it � _' `—�'�
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<br /> by fust class mait nnless applicable Iaw requires use of another method.'Ihe nodce shall be dircxted w the Property Address or •.?�••"•`i�:.
<br /> � i any other eddress Borrower designates by noace to Lender. Any notice to I.ender shall be given by first class mail tn Lender's ' � ":i �F;:,�
<br /> � address sisted herein or eny nther address Lender designates by nodce to Borrower.Any notice provided for in this Securiry � ;'�':-�s
<br /> • { Instrument shall be deemed to have been given to aorrower c�r Lender when given as pmvided in this paragcaph. � •• � �
<br /> i IS.Governing Law;SeverabWty. 'R►is Security lnstnunent shall bc govemed by fedcral law and the law of thc : ;
<br /> jurisdicttan in which thz Propesty is located. In the event thnt any pmvision or clause of this Securiry Instrument or the Note
<br />� � conflicts with epplicable law,such conflict shall not affat other provisions of this Security Insaument or the Note which can be
<br /> � given effect without the conflicting pruvision.To this end the pmvisians of this Security Instrument and the Note are declared to .
<br /> � be scverable. , ,
<br /> 1 Fo�m soxe eioo ,
<br /> � �•8R(N�)192t2).ot P�p�4 018 InIt1aU:
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