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<br /> p�yment9 may no longer be roquiraf,ae the aption of I.ender,if mortg�ge i�sumnce covc�wge'(in the smount anci f�r the period
<br /> tivt Lender rayuircs)provided by rn insurcr approvod by Lender�gain becomes uvaiiablc and is obtafnal.Borrawer shall pay
<br /> the premiums roquired co maintain mortgage in�urance in effat. or to provide a loss rcserve,until the requirement for martgago
<br /> inaura�ce ends in Accordunce with any written ttgrren��it beiwcen Borrower and Lcnder or npplicnble Inw.
<br /> g,Irupectbn,Lender or it�agent mny make r�ason�ble cnlries upon u�ci insptrti�ns of the Prnperty. Lender shal!give
<br /> Borrower notice et the time o.or prlor to en inspection specifying reasonable ca�c�e for the inspection,
<br /> 10. Cosdemndloe, 'fiu Proceeds of any award or cldm for damages, direct or cansequential, in connection with s►ny
<br /> condemnation or other taking of ai�y part of the Propeny, or for conveyanee in lieu of condemnation, uro hereby assigned and
<br /> shall be paid ta i.ender.
<br /> In tA�event of a total taking of the Pro�rty, the pr«:eeds sha11 b�aPP��ed�a�he sums securod by this Security Instrument,
<br /> whether or not thcr�due, with any excass{utid to Borrower.in tM: evcnt uf a parti�l eaking of the Propercy in which the fair
<br /> tcuuk�i V&iilC GA ttsc Pro�ny immed�ately l.+efore the taking is equx2 to or grcut�r.than the amount of the sumv secured by �his
<br /> Securiry Icastrumenr.immediat�ly before ei�e taking. unless Bortower and L.end�r otherwise agrce;in writing,the sums serrred hy
<br /> this Security lnstrnment shuq be roduccd by the amouot of t�►c prceo�:ds muldplied by the following fr�ction: (r�i t1►e total
<br /> amount af the sums socured in�nediately befon th� taking,divideci by (b)thc Cxir market vulue of tha Property immediately
<br /> E�fore tt�e t9kipg. My halance shal! b.c paid to Borrower.In t�e cvent of a partial taking of the Prapeny in which the fsdr
<br /> �narkat.vsi�f i��of the Propeny immediafely before tbe teking ie Ie:s th�n ttie unounc oi ihe Swiu�rA;ura� immecti;.tcly�.,fo::Ghe
<br /> taking,ui�4esa Borrowor and Lender uthorwise egra in writing or unlas applicAble law otherwise provicks, the proceccjs.shail
<br /> be applied►o the sun4v secureli by tlds Security Instn�rmnt whtther or not the reums are thcn duc.
<br /> If the Propercy is abarEdoned by Borrower,or if,after notice by Lcnder tc�Bonower that the condemnor�ffers to make an
<br /> award or r,ettlo a claim for damages. Borcowcr faiis to respond to Lencier within 30 days after the date tl�e notice is given,
<br /> L,ender is authorizod to collect and apply the procc+eds,at its option, either to restoration or repair of the Property or to the sums
<br /> securod by[his Security Instrument,whether or not then due.
<br /> Unless Lender and 8orrower oth�rwise agreo ip writing any QppHcation of prcexds to�princi�8l shall rat extend or
<br /> postpone the due date of tfie monthly payments refcrrGti�to in p�u+graphs 1 xnd 2 or change thc amount c�f such paymenu.
<br /> 11. llqrrowtr Net Rdessed;Forbaraaoe By I.ender Ivd a �'Ywiver.Eatansian of the time for �lnyment or modiTication
<br /> nf amoctization of the sums srcural by this Security Instnammt granud by Lender to any succeswr in interest of Barrower shsdll •
<br /> rat operata to release the liability of the originil 13orrower or �orrcawer s succcxwis ii i��ter::5t. Lcndt::!'w!1 ss�t!+e r_�!t�m�!�
<br /> ;;;,,;u;�nco, rGC�.�lings agai^�:s.ny su'-c"ss"r in inmrest ot reFuse ib extend time for payment or otherwise modify amortizution
<br /> ot the sumpa �secum! by this Securiry Instrument by rcason of any demend, muJe by the original Bormwer or &orrowCr'y
<br /> sucxesavrs�in�lnterest. Any forbearance by Lender[n eaenising any right qr remedy shnll not be a waiver of or prcclude the :.��
<br /> exece[se nf any right or remedy. � '�' '"�
<br /> . 1Z. Succe�ors �nd Asslgas Bound; Jant �od Serecawl Liabflity;Co-si�ners. Thc cavenants oncl'agreementti of this
<br /> Security inetrument shall bind and benefit the successors uid usigns of E.endCr and Borrower, suhjat,to tha provisicina of
<br /> �. . � persgraptt 17. Borrower's wvenents and agreements shall be jvint and sc�ecal. Any Aorrower who co-signa this Seaurity
<br /> In�trument but does not execute the Note: (�)is co-signing thfe 5ccurity Instrument only to mortgage,Qrsnt and canv�y that
<br /> Horrower's interest in the Property under the temu of this 5ecurity lnstrument;(I1)IH llOt�1C[SOItAJ�y 0�1I�B��IO pfly tF1C 9LL1118
<br /> securoif•tiy tljis Security Instrument;and(c)agroes th�t Lender and any other Borrower muy egroe to extei�d,modlfy,fori�enr or
<br /> t;,r,;�t any ycxommodutions with ngard to che terms of this Secudty Yn�trument or thc Note without that Herrower's c�nuent. ,
<br /> 13.Lo�s Clr�rgss.if the losn serared by thia Secuary Instrumont is.subjocc to a Iew which sets m�cimum loAn chuges,
<br /> and tlwt l�w is fit�lly,interpreted so that the interest or dh�r loan charges collectal or to be coUectdd in�connxtion with the ,
<br /> ' ' �oan oa�Yed the pamittdl fimits,then: (i)any such lwn char'ge atlall be reduced by the amount necessuy to reduc�the charge
<br /> to the permittod limit:9nd(b)aqY su�uirexiy collated trom�3arrower which exceodal°pcnnitted limita will be nft�nded to
<br /> Borrower, T..�nder muy choose ro make this refund by rcducing the principal owod undor the Nate or by making a dirxt
<br /> , � payment to Borrower, If a rofund ceduces priix:ipal, the rafuction will be treatal as a parti�l prepayment without nny
<br /> prepaycnent charge ur�iler the Notc.
<br /> 14.Notices.Any notia to Borrower providod for in this 5a.urity Instrument shall be given by delivering it or Dy nwiling
<br /> it by fitist ciass►n�il unless applicable law requirts use of�►oth4r mmethod•'I'he no��a s�l�be diroctod to the PropertY Addresa
<br /> or any :oti�et address Horrower designates by notia to Ler�der: Any notice to Lender §liatl be given by first clas�:qttiil to
<br /> Lender's�ddress stat�d hercin or any other ddtrss Lendcr daignates by notice to Borrower. Any notice provida!for in thia .
<br /> Security Instrument shnl!be deemed to have been�givcr.ta Borrower or Lencter when given as providod in this paragraph.
<br /> IS.Qoverning'I.aw; Severab[Uty. 'Chis Security 1nstNment sh�ll �be governed by foderal law �»d the lAw of the ����:� .
<br /> - juriscliction in whlch tha Property is lncatcd.in the event that acty provislon or clause of this Security Instrument ur thc Note
<br /> conflictx with applicabie law,such con�lict shell not efiect other Qrovisions of thie Security Instrurtxnt or the Note whicti can be
<br /> , given effc�ct without the conflicting provision. To this end the provisions of this Security Instrumnnt and the Note are declarod
<br /> to bc sCVerable. �
<br /> _ 1{,Bowrower's Copy.Borrower shall be given ona coriform�l copy o�'the Note anci of this Security lnstrument.
<br /> _ ro.m ao2e s►�o
<br /> ' •n«r+oi e
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