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<br /> � ' payments may no lon�;cn c�requircd,at thc option of L.cndcr. if mongagc insurancc covcragc(in du aunount und for thc period �:.
<br /> C_,
<br /> i thi�t Lcndcr requires)providcci by un intiurer npprovcd by Ln:ndcr aguin bccomes uvailublc and iti obti►incd, Horrowcr shuU puy �.,.
<br /> - ;� thc premiums rcquircd to muintuin mortsugc insuruncc in cffcct. or to providc u Ims rescrvc,until thc rcquiremcnt for murtgagc �
<br /> � insurancc ends in nccordancr with uny wriucn iigrcement bctwcen Aormwcr and t.cndcr ur upplicablc la�v. �_
<br /> .�i 9. Inspection. Lcndcr or itc agcnt may makc rcuwnuble�nuic, upun and in�pcctions of thc Pruperty. l.Cnder shtill glvC �L
<br /> Borrowcr nc�ticc At thc timc of or priar ta an inspcctian spccifyin�rcusonablc cuusc for thc inspcction.
<br /> � �� (0. Condemm�Non. The proceeds of any award or claim for duntages, direct c,r cunsequential, in connectirn�with any _
<br /> crn�dernnution or other taking of any part of tlie Propeny, or for conveynnce in lieu of r�mJemnatii�n, ure hereby atisigned und
<br /> +��+�� shall be paid tu Lender. _
<br /> `' In thc event af u total taking of ihe Properry,the prorecds shall be applicd m d�c sums sccured by this Securiry Instrument, - _
<br /> �ti whether or not then due, with any excess paid to Borrower. In the event of u partial taking of the Property in which the fnir �
<br /> �:; markct value of the Property immediately befare the taking is eyual to or greater than thc amaunt af thc sums securcd by this _
<br /> " Securiry Instrununt immediatciy betore the taking,unless�orrowcr and Lcnder otherwisc agree in writing,the sums secured by
<br /> this Securiry Instntment shaU be reduc:ed by the wnount of the proceeds multiplied by the following fraction: (a) the total
<br /> • amount of the sums secured immediately before the taking,dividcd by (b) the fair murkct value af the Property immediately v
<br /> before the tuking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> ' market valuc of the Property immediately before the taking is less than the amount of the sums secured immediately befare the —
<br /> ���``ri\, taking,unless Borrower and I.cnder othenvise a�ree in writing or unless applicable law otherwise provides, the prcx:c�ls slutll —
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower, ur if, after notice by Lender to Bonower that the condemnor offers to make an _
<br /> -"'"'� ' award or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> ' ' L.ender is authorized to collect nnd apply thc proceeds,at its option,either to restoration or repair of the Property or to the sums �
<br /> -:`ir.�,�'�� secured by this Security Instrument,whether or not then due.
<br /> ,:-•;-:,:;,. ,,,r, Unless Lender and Bonower otheru+ise agree in writing, any application of proceeds to principal shall not extend or
<br />= � postpone the due date of the monthly payments referred to in paragmphs l and 2 or change the amount of such payments. _
<br /> -_ "'" 11. Borrower Not Released; Forbearance By Lender I�iot a Waiver.Extension of the time for payment or modification E
<br />=<<•��'.� of amortization of the sums secured by this Security Instrument grented by Lender to any successar in interest of Borrower shull
<br /> ' �*• not operate to release the liabiliry of die original Borrower or Borrower's successors in interest. Lender shnll not be required to
<br /> - r�'�`'`�"�" commence proceediugs agninst any successor in interest or refuse ro extend ume for paymenc or ocnenvisK mu�Sify u�i�Oi�iZdiivii
<br /> ` '-�`�'� '�'.` of the sums socured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br />_^�,' �,p'�t � successors in interest. Any forbearance by L.ender in exercising any right or remedy shall not be a waiver of or prcclude the
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<br />____:;,.��i�,.,: exercise of any right or remedy.
<br />...,.e,,��� .. 12. Suceessors and Assigns Bound; Joint and Several Llabillty; Co-signers. The covenants and agceements af this
<br /> --=;_,��,�� Securiry Instrument shAU bind and benefit the successors and assi�ns of Lender and Borrower, subject to the provisions of
<br /> _ -_"°'_ paragnph l7. Borrower's covenants and agreements shall be joint and several. Any Honower who co-signs this Security
<br /> LL,:� Instrument but does not execute thc Note: (a) is co-signing this Sc,curity Instrument only to mortgage, grant and mnvey that
<br /> --•-- ---- Bonower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> --.-_= secured by this Securiry Instrumenr,and(c)agrees that Lender and any other Borcower muy agme to extend, modify,forbear or
<br /> ------ make any accommodations with n.:gard to the terms o�this Security Instniment or the Note without that Bonower's wnsent.
<br /> 13. Losn Charges.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 churges collected or to be wllected in com�ection with the
<br /> - Inan exceed the permitted limi4c, then: (a)any such loan char�e shall be recluced by the umount necessary to reduce che charge
<br /> to the permittal limit;and(b)any surns already collected from Borrower which exceeded permitted limits will be refunded to
<br /> Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> _ -- • payment to Borro�ver. If a refund reduces principal, the reduction will be trcated as a partial prepayment without any
<br /> ' pnpayment charge under the Note. "
<br /> ,,, .,_,�„—� 14.Notiees.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailin�
<br /> it by first class mail unless applicable law requires use of another method.Thc notice shall be directed to the Propeny Address
<br /> or any other address Borrower designates by noticc to Lender. Any notite to Lender shall bc given by first class mail to
<br /> ��--- Lender's address stated hcrein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> - �T� Secu�ity Instrument shall be decmed to have bcen given to Borrower or L.ender when given as provided in this paragraph.
<br /> ="'� 15.Governing Law; Severabflity. This Security Instrument shall be govcrned by fedcral law and thc law of the
<br /> —`�� jurisdiction in which the Property is located. Tn the event that any provision or clause of this Security Tnstrument or the Note
<br /> �_���'—a conflicts with applicable law,such mnflict shall not affect other pmvisions of this Securiry Ynstrument ar the Note which can be
<br /> `�=-�� given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared
<br />— .�_:�u-�r.
<br /> -.,.11.;:4 _ to be severable. -
<br /> -"= F•"'" 16.Borrn�ver's Copy. Borro�ver shall be given one confortned copy of the Note and of this Security Instrument.
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