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<br /> aaYmerus may no longu be nquired,at tho option of Lcnder,if rna�tgego insur:►nce coverage(in�hc amnitnt onr!f�r dEC�mric►d QV �
<br /> _• that I.t��Cr requires)Provkkd by en insuru e�pproved by Lender agai"b°c°mes avaUablo and is obtained.Aarmwer shsll pay tha �;;�:'
<br /> pcemlums required to mafntalt►mort8a8e insurance�t���Borrowu end L.ender a epplicabla lnw.R�i�r^mcnt for mort�;a�;a ,-�,
<br /> -� insurence en�s ln accordance with any wdttet�agtoe L c n der s h a l l �iva
<br />:.� 9.Ins�ection. Lei��er or its agent may meka rcasonable enuies upon and inspecdona of the Pre�rcrty. ,
<br />.;'� Borrowa notice at the time nf or pdor to ar►inspxdon specifp�ng reas°nabk cause for tha inspection. ��;
<br /> 10.Coodemoatbn. 'It�e proceeds of any sward or ciaim for damages,dircct or consequentu�l, i�connr,ction with any
<br />��� condemnation or otha taklnE of any part of the Property,or for conveyance in Gcu of condemnadon,ru+e hr.reby assigncd and
<br /> - shall be paid t�Lendet.
<br /> In the event of a total takL►8 of the Pro�1Y�the PraceedS shall be applied tc�tho sums secumd by ttu3 Security Instn�me�it,
<br /> whctha or nnt�!►en due.with any excess paid w Borcowa•In tho avent of a pa�tlel talcing of thc Fropercy ui which ihe fair mtaci:et
<br /> — value uf the 1'roperty immediately befare the tellcing is equal to o�Breatu►he��0�1QUnt of the sum�seaued by this Socttriry
<br /> Instcumtnt immediateiy befon ahe ta]dng, unless Borrowu end Lenda othawi�e a�x in wriqn8� du%sums secured by this
<br /> Security Instr�ment shall be reduced by the amount o�'�lu proceods muldplied by tho foUowing frectia�: (a)the eotal amount of y .
<br /> unmeufiately befom the
<br /> � the sums sccuted immediatelY befae ihe tafcu�g, divided by (b) tho fair madcet valuo of the Proper3y '
<br /> -� talting pny balanc�shall be paid to goirower,Tn the event of a partial taking of tho Property in which�r fair market vci]us of lhe _
<br /> prop�ty immcdiateJy before the taking is less ihan the amount af ihe sume socurcd 'ur►mWiately hefoc+e the talcing, unlc.ss
<br /> Boe�owu end LenQer at�erwise agree in writing or unles,9 applicable law othwwl.se provides,lI1C FfOCCCdii SGAU bC B�IiCd IO QIC
<br /> sums socured by thls Security Ins�ument whetha or not the sums are then duo.
<br /> If the Yroputy is abandoned by Barrowu,or if,aftu notico by I.ender to Boaower that the catck�mnor offers tn roa1:a en
<br /> awacd or sctQe a claim for dart►a8es.Borrower faiL9 to respond to L.cndu within 30 doys after thc date thc:notice is givcn,Landcr
<br /> --, �y�����oUec�end apply the proceeda,et its opdon,either to restoration or repair of the Propecty or tn the sums sociucd
<br /> by this Socnrity Instcumene,wtK.tl�er a not then due.
<br /> — t t��c Lrndri and Bormwer othawiso agra in writing,anY apPlication of procoeds w principal s!»ilA not extead or{wstpone
<br /> the due date of the monthly payments refaral to in paregrapl►s�and 2 or changa tho xmouni oi suci��ri,yriaa�.
<br /> 11.Borruvrer Not Rek�ucd;Forbearana Ny Leeder Not A W�lver. Eatansion of the t[ma fc�'p�Ymeat a modiC�cadon
<br /> � o��xti�ti�on of the sums sxured by this Socwrity Inswment grancod by Lcndar eo any succes.qoi'i�t interest of Bomower shell
<br /> ��p�n{��liability of tho original Borrowu or Horrower's successors in intoresG LenrA:r shnil aot be requirod to
<br /> comn�ence proceodNSs against any s�cessor in inkrest or refuse to oxtend timo for payment or otherwiue►naclifY amordzadon of
<br /> the sums socurod by this Se�curlty Instrument by reason of eny demmd ma�lo by the odginal tiarrasucr or Borrower's succossora
<br /> . �Ny�t,p�y gabearx�ce by I.endcr in exerctsing�u►y right or remody sha11 not be a waivcr of or�srecludc the cxcrcLve of any
<br /> , right a rcmodp.
<br /> 12.Succe�er�re and Assi�os Bound;Joint Rnd Seversl Lt�bility; Casigaero. Thn covenanm and agaxmei►is of thi�
<br /> gecurity Insuuma�t shall bind and benefit the succeyscxs end acsigns of Lender end Borrower, sub,{�ct to the proviFians of
<br /> pareg��qrh 17. Bamwa's covenants artd agcee+nents st�all be Joint and 9averal. Any Barower who co-s�gns this Soc►uity -
<br /> In.stcument but dnes noc eaocuta the Noso: (e)is co-signing this Securiry Instiument only w monQgage,grant and convay thx
<br /> Borcowu's intaest in tho PropacY under the tem�s of this Security Insttumont;(b) i�not personolL�ob)lgaoed oo pay d�o sums
<br /> socurod by thi9 Sxurity Instrument;and(c) a8rees thac 1�da und eny othar Scxrowci may agroe m eaU:nd,malify.forb°mr or
<br /> �n�ke any�cpnmodsdons with re�gacd to the tams of this Sec�ulty Instrumant or tho Nwa without thut I3arower's conse��
<br /> E3.Loa�C6ar�es. If the 1oAn secured bY this Seciulry Instcuma►t is subject to a law which ae.u►maximum loan charges,
<br /> ���w���y��prCt�d so thae the interest cx ott►er loan ehargas calleetod or to be collxtaE ut connxtion wiih t��loan
<br /> excad the pam�ttcd limits.then:(a)any sach loan charga shall be roduad by the emount necessacy to reduce the charge to the
<br />_� pamiued timlt;and(b)u►Y sums alceady collected from IIocrower which exceedod pamiucd llmits will be refonded tn Eoirowa.
<br /> T,e�{er may ¢hooso to make this refwid by roducing the pr�ncipal awed undcr tho Note or by muicing u diract paymcnt w
<br /> Bamwer. If a nfnnd roduces principal,the reduciion will be vcated as a partial prepaymcnt withcut eny p�epatyment charga
<br /> � �ndet the Note.
<br /> 14.Notias. Any noHce to Borrower Pr'ovlded for in this Security Inswmont shall be given by d�slivering it or by mtiiIlng it
<br /> by first class mail unless appl3cable law requires use of anothu method.'ll�o nodce shall be di�cuxl tc�the Pmlxity Adt►ress or
<br /> -- �y otl�er addreas gortowu designates by natice to I.ender. Any notice to I.ender shell be given by fit�t cL�ss rtwil to 1.ender's
<br /> __ , addresa stated herein a any ottxr address Lensler dasignaces by nodoe to Borrower. My noacc pcovidcll fa in lhis Sccurity -
<br /> Ins�n�shall be ckemed to hava bcen given to Borrowcr or I.enda when givon as provtded in this paragiaph.
<br /> --- 1S.Governing Lawi 5everabilil�y. This Security Iastrumem shall be govcmcd by fcde,rgl Iaw �nd the law of the
<br />--•- jurtsdicdon in which the PcopertY is 1oa►ted. In the�vent that any provision or clause of this Sectuity Inatrmnent or t'hc Not�
<br />--— caniticts with epplics►bk law,such canflict shall n�1 affect othei provisians of this Socurity Insttument or the Notc which can be
<br /> -�-� giva�effxt witlwnt the conflicting provision.Tu this end iha provisians of this Socurity Inatrument and the Note are declarc�d to
<br />""— be severable. -
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