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<br /> puynxnts may iw Imigcr bc rcquircd,nt thc option af Lc�xlcr. if niungugc insuruncc covcragc(iu ttu amaunt ctnd for thc perlod
<br /> that Ixixler rcquires)provided by nn insurer npprovcd by I.enJer nguin bccomes availubic mxl is obiaincJ. Borrower shall puy
<br /> the p�'emium�,r�qui►cd tu n�iintaitt mort�agc insur;s��cc in effc,ct,or to pmvidc x Inxs rescrvr.,until q�e rcquircment fur ntortgugc
<br /> insurance ends in acci�rdance with uny written agreenxnt betweeu Borrower u��d Lender or applicat►Ie luw.
<br /> 9. Ins{xctfon. l.a�der or its agent may mi+kc reusunable entrics upon uixi inspcction�of ttic Pr�perty• Lcndcr shall givc
<br /> Borcower notica ut the timc uf or prinr to an inspection specifying rcasonabte causc for the inspa:tiun.
<br /> 10. Condcmnatlon. The proceecls of nny »ward or claim fat damag�s, dircct or con�:qucntial, in cannection with any
<br /> condemnation or ather taking af any pan af the Prapeny,or for canveyunce in lieu of cundcmnation, :irc hrreby a�.cigned and
<br /> shull be paid to Lendcr.
<br /> In the event of u tot�l taking of the Property,the proceeds shall be applied to the sums s�xured by this Security Instn►ment.
<br /> whether or not then due, with uny excess pald to Borrawer. ln the event of a partiul taking of the Pr�perty in which the fair
<br /> market value of the Praperty immcdiately b�:fore the taking is equal to or greatcr thnn tl�e amount of the sums sccurcd by this
<br /> Security Instrument immod�ntely before the taking. unless Borrower und Lender otherwise agree in�vriting,the sums secured by
<br /> this Security Instrument shall be rcduced by the amount of the proceeds multiplied by the follo�ving fraction: (a) the total
<br /> amount of the sums secured immediately before the taking, divided by (b) thc fair market value of thc Propeny immediately
<br /> before the taking. Any balance shctll be paid ta Barrowcr. In t{i�event of u partial tal:ing of the Property in which the fRir
<br /> market value of the Property immediately before the taking is less than thc amount of the sums secured immediately before the
<br /> taking,unless Bonower and Lender otherwise agree in writing or unless applicable Inw otherwise providrs. the proceeds shall
<br /> be applied to the sums secured by this Security lnstrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower,or if,after notice by I.ender to Bonower that the condemnor offers to malce an
<br /> award or settle a claim for dumages, Horrower fails to respand to Lender within 30 days after the date the notice is givcn,
<br /> L,er►cler is authari•r.ed to collect and upply the proceeds, at its option,either to restoration nr rcpair of the Property or to the sums
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unless L.ender and Borrower otltenvise agree in writing, any application of procced.s to princip�l shall not extend or
<br /> postpone thc due date of the monthly payments rcfernd to in paragraphs 1 and 2 or change thc amount of such payments.
<br /> 11. Borrower Nut RetcASed;ForbearAnce By I.ender Not a Waiver.Extension of the time for payment or modificadon
<br /> of amortization ot tne sums secured by chis Sauriiy i�����������t g.-prt::��y L,.^n�cr ta any suct�r i!t!!lt?ltct�f Rnrmwe.r chall
<br /> not operate to release the(iability of the original Bortower or Borrower's successors in interest. Lender shall not be required w
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortiz�tion
<br /> of the sums secured by this Secarity Instrument by reason of a��y dems�nd made by the original Borrower or Botrower's
<br /> succassors in interest. Any forbearance by I.ender in exercising any right or rcmedy shall not be e waiver of or preclude the
<br /> eaorcise of any right or remedy.
<br /> 12. Successors and Assigns Aound; Jotnt and Sevenl Liabillty; Co-stgners. 'I'he mvenants and agree�nents of this
<br /> Securiry Instcument shall bind and benefit the sucassors aad assigns of Lender and Bosrower. subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall 6e joint and several. Any Borrower who co-signs this Secarity
<br /> Instnt►nent but does not execute the Note: (n) is co•signing this Security Instn�ment only to mortgage,grant end conve�that
<br /> Borrower's int�rest in thc Property under the terrr�s of thi�Security Instrument; (b)is nut per�onally obligated to pay the sum4
<br /> securtd by this Security inst�umenr and(c)agrces that Lender and any other Borrower may agree to extend. modify,forbear or
<br /> make any accomtnodations with regar+d to the term�of this Sc:curity Instrument or tht Note without that Borr�wer's consent.
<br /> 13. Loan Ctuirg�s.If tha lann secured by this Security Jnsttument is subject to a law which scts maximum loan charges.
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be co[lated in connection with the
<br /> loan exceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reAuce the cherge
<br /> to the permittrxl limit;and(b)any sums alreacly collected from Borrower which exceeded permitted limits will be refundal to
<br /> Borrower. Lender may choose to make thls refund by reducing thc principal owed ander the Note or by mxking a direct
<br /> payment to Borrower. If a refund reduces principal, the raluction wiU be treated as a partial pnpayment without any
<br /> prepaymcnt chazge under the Note.
<br /> _ 14.Notices.Fl,ny noticc to Borrower provided for in this Security Instrument shafl be given by delivering it or by mailing
<br /> it by first class tnail untess applicable law reyuires use of anothe�•method. The notice shall bc dirated to the Properry Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lendcr shall be given by first class mail to
<br /> l.ender's address stated herein ur uny other address L.endcr designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument shall be decmed to have be,en given ro Borrower or Lcndcr when given as provided in this paragraph.
<br /> I5.Governing I.aw; Severabfllty. 7'his Security Instn�mcnt shall be governed by fc:deral law and the law of the
<br /> jurisdiction in which the Properry is located.In the event that any provision or clause of this Security Instrument or the Note
<br /> conflicts with upplicable law,such conflict shall not uffect other provisions of this Security Instrument or the Note which can be
<br /> given effect without the conflicting provision. To this end ehe provisions of this Security Instrutnent and the Note are declared
<br /> to be severable.
<br /> 16.Borrower's Copy.Borcowet shall be given one confortncd copy of the Note and of this Security Instrument.
<br /> Foem 3028 9180
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