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<br /> � n er be re uired.at the uptiun uf L.rnder. if mc�rt�age in�urance��u�'erage iTnThe amount�"d tvru��p�riod � � � . l
<br /> paymrnu may nu io g 9 � .. , , `, •' p:�
<br /> that lxnder reyuire�►providexl by an ►tuurer approveJ by Lender again become.r available and i.ubtained• Bortow•er.h�ll pay :��
<br /> the premiu�TU reyuired to mnintain mortgage insuranre in eff�xt.ur to provide a loa�re+erve,unul�he rryuiremenc fvr mongage ,
<br /> in+urancr rnd.in aaurdanre�vith ang w'ritten agreement brt�veen Borruwer:ind Lender ur apphcable Is+v• _
<br /> 9, �nsRectton. Lrnder ur it.agent may make r�a+unable entrir,upun and impectium uf thr PrupeRy• L�nder.h:sll g�ve �
<br /> .� Burn��tier nutirc at thr ume uf ur priur tu an in�pntion+pc�ifying re.�wnable rauae f��r the in,pctitiun. - ., . . ..
<br /> 10. Cundemnatiun. The prucc�cd,of:�ny aaxrd ar rlaim for danrdgc�s•direct ur�vn+ecjuential, in cunnection wit}►anY _ _ _ __`_: . _-`v
<br /> r�� wndemnatu►n or other taking uf any pari��f thr Property,or for runveyance in tieu vf rondemnntiun, are hereby asaigned and __
<br /> S shill be paid to Lender. ` ' ` ' `4...._,�.-
<br /> � In the e��ent of a totai takina vf the Property.the proc�is shall be applied to[he sum+secured by this Security la,trument. � �r�.q- .' �
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<br /> whether or not then due, wich any exces�pa►d to Borrower. In the event of a partial taking of the Property in which the fair �. _ _ ,� �T_ _
<br /> market value of the Property immediately before the taking is equal to or grrater than the amount of the wm�secured bY this � :;;" . - • —_
<br /> Security tnstrument immediately before the taking,unless Bocrower and Lender athenvise agree in writing, the sums secured by _,��T:
<br /> this Security Instniment �hal� be reduced by the amoum o� t�'�t pr�:.�s m�Zs=F�t� hY the foltowing fraciion: (a) the total _ __ _ ` _ '_-
<br /> amount of the sums secured immed�ately before the taking, dividcxi by (b)the fair market value of the Propercy immediately �':,��_�_. .
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<br /> before the taking. Any balance sha11 be pvd to Borrower. In the event of a partial taking of the Propercy in which the fair ��___ .
<br /> y �` �z�=.,o��
<br /> mnrket value of the Property immediately before the taking is less than the amount of the sums secured immediatel before the
<br />� taking,un2ess Borrower and Lender othenvise agree in writing or unless applicable law otherwise provides, the procceds shall ����.
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<br /> � be applied to the sums secured by[his SecuritY lnstrumen�whether or not the sums are then due_ , „_�g—___��_ _
<br /> • If the Property is abandoned by Boaower,or if,after notice by Lender to Borrower that the condemnor offers to make an :Px a,—`y �
<br />` award or serle a claim for damagc�s. Borrower faits to respond to Lender within 30 days after the date the notice is given. � �__� _
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<br /> � Lender is authorized to collect and apply the proceeds.at iu option, either to restoration or repair of the Pvo ert or to e sums � -!,
<br /> secured by this Security Instrument.whether or not then due. �i�tion of roceed� to principal shall no[ extend or ` `. —��"
<br /> -�y' Unle�;s Leader and Borrower o3herH+ise agree in writing, any app� P 4 °� �' --
<br /> 4 postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amnunt of such paymenu. :�
<br /> , 11.Borrowee�lot!telPased:Foe�arance By L en dPr No t a W a i v e r.E x t ension of the time for payment or modification : :,�L...,` ;�
<br /> . ; •.
<br /> of amonization of the sums secured by this Security Instrument granted by Lender to any auccessor in interest of Borrower shall . .
<br /> � not optrate ro retrase the liability of the original Borrower or Borrower's successun in interest. Lender shall not be reyuired to ,,��,.: • `:�,... : --
<br /> • � commence proceedings against any successor in interest or refuse to extend cime for payment or otherwise modif}+amorti�ation ;�
<br /> � '� of the sums secured by this SecuriYy Instrument by reason of any demand made by the origina1 Boaower or Borrower's i .
<br /> � successors in interest. Any farbearance by Ixs►der in exercising any right or remedy shall not be a waiver of vr preclude[he _ •�` , _
<br /> � exercise of any right or remedy. ��, �e covenants and agreemenu of this
<br /> 12. Successots and Assigas Bound;Joint and Several Liability;Co-Si� s- , , ...'� ' .t-_
<br /> :- ��• :
<br /> - Securiry Instrument shall bind arul benefit the successors and assiSns of Lender and Boaower, sub,ject to the provisions of .�,��'
<br /> , paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who cTo-�s�ig�d conve that "�'��� __�
<br /> Instrument but does not execute the Note: (a) is co-+igning this Security lnstrument only to mortgage. g Y ,•;. `
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<br /> � gorrower's interest in the Property undec the ternu of chis Security lnstrument: (b)is not personally obligated to pay the sums '., �' ��
<br /> • secured by this Serurity Instrument; and(c)agrees that l.ender and any other Borrower may agree to extend,modify,forbear or ��:,._*,�,,,�
<br /> make any aceommodationc with regard ro the tEmu of this Seeurity Instrument or the Note without that Borrower's consent. . ,;�;r.: � - .
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<br /> 13. Loan Cbarges•If the loan secured by this Se�;urity instrument is subject to a law which sets maximum loan charges. ;.���,V� �
<br /> � • and that law is finally interpreted so that the interest or other loan charges coltected or to be colleeted 1°to reduce the charga _ ____----
<br /> loan exceed ttie p�rmitted limzu,then:(a)any such loan charge shall be redaced bY the amount nece.cSary _ __��,_
<br /> ' to the permitted limit:and lb)az►y sums already collected from Sorrower which excceded pernutred limits will be refunded to �
<br />• Borrower. Len.der may choose ro make this refund b�• reducing the principal owed under the Note ror by�malCiNn hpudir�t _ _„ i_ �
<br /> ''� payment to Borrower. li a refund reduces principal. the red�ction will be treated as a partial P epay Y �� �u� _:,.
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<br />� �• DreDaY�nt charge under the Note• __�_"'°"�` "'
<br /> l 4.1 V o t i c e s.A n y n o t i c e t o B o n o�v er provided for in this Security lnstrument shall be given by delivering it or by mailing
<br />• �, • it by first ctass mail unless applirable law►�equires use of another method.The notice s h a l i be direc t e d to t h e P r o p e n y A d d r e s s
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lendcr shall be given by first ctass mail to `��`, ,��,- .Q-- '
<br /> Lender's address stated herein or any other address Lender designates by notice to Eorrower. My notice provided for in this �`��
<br /> _.
<br /> � Security Instrument shall be deemed to have been given to Bortower or Lender when given as provided in this paragraph• =�:- _:
<br /> � ' 15.Goveruing Law; SeverabUity. This Security lnstrumem shall be govemed by federal taw and the taw of the ' YY �
<br /> juresdietion in which the Pcoperty is located. In the event thal any provision or clause of this Security Instrument or the Note :H
<br /> contliets wt h'�Pou`a hte contlict ng provision�Tot hi f nd the pPov sion of this Se uriry ln[.c�trumeni�and he rIut are d�ed . .. � .
<br /> given effex. �.�'d.� �
<br /> � to be severable. `'��
<br /> �� �' 16.Bor�o�rer's Copy. Bonower shall be given one confom�ed copy of the Note xnd of this Securiry In�trument. ___��:y^+ ,';�:
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