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<br /> �j,�,� � w li►n�cn c�rc uircd.at thc option of I.,cndcr,if martgage insurancc covcrugc lii�hc umount and tbr thc perind _
<br /> �,►,�iawuti ma5 ► �. q
<br /> thuh�I.eiid�r rcyuires►pruviJcd by:in imurer approvcd by Lcndcr again bccumcs a��ailable anJ is ubtained. Dorr�wcr shall pay
<br /> ti�,r��ir{:miumy re�{uired to maintain mortfiaBe insurance in effect,ar to provide a loss reserve,until the reyuirement for m�ngage
<br /> icectsUa�l��etkls iA��ca�tlu�t�w R'ith»�:y���fritt�n agreement twt�venn F3rn•n,wer uncl I.ender or applicable law. _-
<br /> 9. Inspectlon. l.cndcr or its asent may makc rcusonable cntrics upon anJ intipcctions of Uie Pruperty. I.cnJcr shall give
<br /> 6G.rYrnwcr noticc ut tlie time uf iir prear t�nn inspe�tion specifying reusunablc causc for the iuspcctiun.
<br /> !Q. Ebndemnation. 'fhe procecJs oF any award or clnim for damages, dircct or consequentinl, in co:�r�cetiun with any
<br />_ c�royilcmnutiou ut other taking of any part of the Property, or for conveyancc in lieu of condemnation, are hereby assigned und
<br /> sl�1i'�1 lx paid tu l.tn�fcr.
<br /> Iu tEw event of a tctal taking of the 1'rapeny. the procceds shall 6c upplicd lo thc sums securcd by this Sccuriry Insqvm�nt, _
<br /> wi+untt�er or not thcu duc, wid�ai�y cace:,s paid to Borrower. In the cvent of a partial taking of the Property in which thc fair
<br /> rn.E:rkct valuc of thc Pmperty imm�diately before the caking is equai to or gr�aier than thc amount of thc sums sccured by this
<br /> Ss�,uriry Instrumcnt immediately beforc the tuking,unless BorrowEr and L,endcrothcrwise agree in writin�,the sums securod by
<br /> 1t13x Securiry lnstn�ment shall be r��duced by th� a�nount uf the proceeds multiplied by the foltowing fraction: ia) the tot�l
<br /> ;r.t;v��unt of the sums sccu��ed iinmediately beYore the taking,divided by (b) the fair market value af the Property immcdiatcly
<br /> h���'ure tlte taking. Any balance shull be paid to Aarrower. In the event of a partial takinb of the Property in which the fair
<br /> riaxTkct valuc of the Prope�ty immediateiy before the taking is less than thc s,-zwur.t of the sums sezured immediately t►eforc the —
<br /> tea:�rt,::.^.l:ss Borrowcr and l.ender othenvise agrce en w�iting or unless applicabie law othenvise provides,�he prcx:eeds shall
<br /> t���applicd to the sums securcd by this Sscurity Inst►ument whett;er or not the sums arc then due.
<br /> If the Property is ab;uiAontd by Borrower,or if, after nutice by I.cndcr to Barrower that the condemnor off'ers to make an
<br /> ;is��urd or settic a claim for damages,k3arcower fails to respond to Lxnder wi�hin 30 days after the dat� the natice is given,
<br /> l;�nder is authorized to collect and apply the proceeds, at its option,either to restoration or repair of th�Frop^rty or¢o the sums
<br /> s�a.:urr.d by this Scrurit:Instrumeat,whether ar not then due. _
<br /> Unless LenAer.^n;i.�3orro���er otherwise agree in writing, any application of procceds to principal shall not extend or
<br /> �:r.;tpone the due date of the nwnih�y�payments referced to in paragraphs 1 ac�d 2 or change the amount of such payments.
<br /> 11. Borrower Not Released; Forl�earsnce By Lender Not a Waiver. Extension of the time for payment or modiflc.ltion
<br /> cor,amorti�ation of the sums secured by chis Security Instrument granted by Lender ro any successor in interest oF Borrower shall --
<br /> nait operate to release the iiabitity oi ihe original Suu vwc�or::�ricwcr'o ou^�w.:s i^inierPsr. t.���t�r chall nn�be requaed to
<br /> c�:nnmene.e procaxlings a�;ains[any successor in incerest or refu�e to extend time for po.yc�ent or otherwise modify atnonization
<br /> �f �he sums secu�ed by this Security Instrument by rrasan of any demand made by elie original Borrower or Borrower's
<br /> us�ccessocs in interest. Any forbeaiance by I.ender in exercising any right or remedy s!;sl}not be a waiver of ur prectude the
<br /> �;uccrcisc uf any right or rcmedy. �
<br /> 12, Succissc*�rs And Assigns Bound; Jaio�t and Several i.iability; Co-signers. The cover,a.�+s.nnd agrcements of this
<br /> �uxurity lnstrument shall bind a[�d bene6t the successors a� assigns of Lender and B�nower, s-u'bject to the provisions of
<br /> ;,nragra�li 17. Aorrower's covenants and agreements shai] be joint and severa]. Any Bonower who co-signs this Securiry
<br /> '�t�st►vment but dces not executr tl�e Note: (a)is w-signin$this Security Insuumrnt o-ily to mortgage, grant and convey that _
<br /> • ;3onower's interc�:t i�r�Yhe Pmpr.rty under the terans of this Security Instrumenr,(b)is not personall� c?bligated tn pay the sums
<br /> vacured by this Se..vrity Instrument;and(c)agree�that Lend�r and any other Borrow•er may agree tc�zxtend,modify. forbear or
<br /> tnakc any accommodations with regard to the terms of this Securiry Instrument or ihe l�ois without that Bonower's consent.
<br /> 13.l,o�n Chstrqes.If the loan secured by this Secuxity Inswment is subject to a 1nW which sets msucimum loan chargcs, -
<br /> , acnf rha4 law is finally int�rpreted so that the interest ar other loan charges collected or to be collected in connacion with the
<br /> " lu:�ti cxceed the pern�itted limits, then: (a)any s�uch loan charge shall be rcduced by thc amount necessary to reduce the charge
<br /> to the permitttd]•i•rnit; and(b)any sums alrea3v.collected from Borrower which exce.eded permittec.' limits�+ili tx: refunded to
<br /> Bnrnower. i.ender may choose zo make this r�fund by teducing the principal owed under the No�te.:or by makrng a direct
<br /> pa;:�xnt to 13ormwer. �f a re•fund reduces princiFal, c�.'�e,reduction will be treated as a panial prepayment •�.vithout any
<br /> prepayment charge tmdetaht i3ot�.
<br /> ' 14.Notvices. Any notice��8o$orrower provAded for in this Security Instrument sha11 be given by dclivering it or by mailing
<br /> it by f rst class mail unless 1ppllcablc law requires use of another metho.�?. The notice shall be directed to the Property Addrr.vs
<br /> — or any olher addre� E3unowPS designates by notice to L,ender. Any notice to I.ender shall be given by 6rst class m�il ea �
<br /> i.er�er's aildress stated hcrein or any other address I.ender designates by r.atice to Bfl:cower. Any notica provi�:sl �'ot in this
<br /> Security Instrument shal!be deemed to have been given to Borrower or Lenderwhen g5ven as p►+ovided in this para,�raph.
<br /> 15.Governing I,aw; Sevecabtiity. This Security Instrument shall be governed by federnl law and the law of thc
<br /> � jurisdiction in whicti tite Property is lcxated.In the event that a��y pruvisionor clause of this Security Instrument or the No',,
<br /> � coi�tlicts with uppiicabtc law,such conflicl..s'.ral not affect other provisions of this Security Instrument or the Note which can 1x:
<br /> given effcct�vithdut the conflicting proviy��n.To this end the provisians of this Security Instrument and the Notr .�s�.declur�'J
<br /> � to hi:scvcr.�blc.
<br /> � • l6.Borrower's Copy. Bo:rou�er si:aSl,(x given ane conform�copy of t�e Na!�<md of this Secarity Instrument. ,
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