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<br /> payments muy no langcr bc required,at thc uptian of Lender, if mortgage insurnncc covernge(in thc wn�unt and for thc perind
<br /> that Lendcr requires)pravlded by an insurer nppmved by L.tixler again becanes avuilable and is obta�ned. Aorrawer shall pay
<br /> the premiums rec�uir�d to maintnin mortgage insurnncc in effect,or to provido A lass re.scrve.until thc requinnknt for mortgage
<br /> insurance cnds in accorda�ice with any writtcn agreemcnt bctwecn Borrower and i.ender or applicablc la��v.
<br /> 9.Iruspe�ctlo�a. I.ender or its agent muy makc rcasonable entries upon and inspections of the Praperty.Lender shall give
<br /> Sorrower ncxice at the tA�►e af or prior to an inspection specifying reasonnble cause for the ins{►ection.
<br /> 10. Condemnati��e. The proceeds of any award or claim for damages. direct or consequential, in co�u�ection with a��y
<br /> condemnation or other taking of any gan of the Praperty.or for comeyance in lieu of condcmnation, are l�e�eby assegc�eci ancl
<br /> �hall be paid to Lender.
<br /> [n the event of n tata!taking of tkse Property,the praceeds shall 6e upplieci co the sums scrured by this Security lnstn�ment.
<br /> whether or not then due. with a��y excess puid to�orrower. Tn the event of a partial takin�of the Property in which the fair
<br /> market valuc of the Property immediately before th�e taking ts eyual to or greater than the amount of the sums secured by this
<br /> Security Instrument immedistely before the tnking,unless Bonower and Lender atherwise ugree in writing, the sums secured by
<br /> this Security Instrument shall be reduce�i by the nmount of the procceds multlplicd by the following fraction: (a) the total
<br /> amount af the sums secural immediately before the taking, divided by (b)the fair market velue of the Property immediately
<br /> tx:fore the taking. r1a:; t�lunce shsll be paid to Aorrowcr. In the event of a partial taking of the Property in which the fair
<br /> market value of the Pscarcrty immediately before the tuking is less than the a�ri+ount af the sums secured immediately before the
<br /> taking,i+nless Bonower and T.tinder otherwise agree in writing or unle�s appl+cable luw othenvise provide�,the proceeds shall
<br /> be appiicd to the sums securc;d b�¢h�s Socuriry Instrument whetB�e•r or not the sums are then due.
<br /> Tf the Property is abnndone�l by ?Borrower,or if,after nnuce by l.ender to Borrowcr that the r.ondemnor affcrs aa makc an
<br /> uward or settle a claiir for dnr�ages, Bo[rower f:►31s to respond to I.ender within 30 daya ufter the date the nrnice :�s ;iven,
<br /> Ixnder is authuriud to callect ancl ap�ly the procecds,at its option, ei�her to aastorntion or repair of tFe�P�rs,perty or to the surns
<br /> Secured by this Securitv Instnime�i.�vhether or not tl�en due. ���t�on of incceds to principa� shall not extend or
<br /> 'Untc�s Lcnder and Borr�wer o�fierwisc agrae in writing, any epp' P ,
<br /> g►cK;�+one°die due date c��f the ma�n'tbly pnyments refernd to in paragraphs 1 and 2 or change the�unc of such payn�ents.
<br /> &�, iBorr�weR N�Z dte.tlea�e�l:�'mrbeArst�nce�3y I.ender Not.a W�l�ea'. Extensian of the time fo�r pny.rnent ar modificatian
<br /> �A u�u•N„�.;���f,�n��,��.�c����L�rI hy this Security�nstrumcnt Fsar.aed by Lender to any successor in imcrest of Borrower shal!
<br /> not vpernte ro release the liability of the orlginel Borrower or Borrower's successors in interest. L.cnder shaii no�be reyuimt io
<br />° comtnence proceodings against any successor.in interact or refuse to extend time for payment or otherwise modify amonization
<br /> of the sums securod by this Sxurih� Instcument by reason of any demand made by the original Borcower or Bonower's
<br />_ successors in interest. Any forbearance by L.ender in exerci5ing any right or remedy shall not be a woiver of or preelude the
<br /> eaercise of any rigM or remedy.
<br /> 12, Succrssor�and Aesign+ Bound; Jolnt and Several Liabllity; Co-slgncrs• The covenants and agraments of this
<br />- Security Instniment shall bind and benefit the sucassors and assigns of Lender and Borrawer, SubJat to the provisions of
<br /> paragraph 17. Borrower's covenents and agraments shall be joint and several. Any Bc9rrower wha co-signs this 5ecurity
<br /> instniment but does not oxecute the Note: (a) is ca•signing ihis Security Instrument only to mortgage,grant and convey that
<br />= Borrower's incercst in the Property undcr the terms of this Security Instcumenr(b)is not persona�ly obligated to pay tt�e sums
<br />= sxnrod by this Securiry Instrumenr, and(c)agras that Lender and any other Borrowcr may egrce to extend,modify.farbear or
<br /> make any accomnx�detions wlth rcgard ro the terms of this Security Instrwnent or the Note without that Borrower's consent.
<br /> r 13. Loan Ctu�red�If the loan securcd by this Sccurity Instrument is subjxt to a law which seis maximwm loan chazges.
<br />�
<br /> . and ttiat law is finally inte�preted so that the interest or other loan charges collected or to be collocted in rntu►ectian wtt t
<br /> : Icwn exceed tho permitted limits,then: (a)any such lo�ui charge shall be roduced by the amount necessary to reduce the charge
<br /> to the pecmltted limir and (b)any sums already collactal from Borrower which excaded permitted limits will be r�fundal to
<br /> Sorrower. Lender may choose to make this refund by roducing the principal owed under the Note oe by malcing a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prcpayment without any
<br /> prepayment charge undcr the Note.
<br /> 14. Notkes.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> ° it by first class mail unlsss applicable luw requires use of atwther methud.The notice shail be dirocted to the Property Address
<br /> , or any other address Sorrower designates by notice to Lender. Any notice to [,ender shull be given by first class mail to
<br /> Lender's address stated herein or any other address Lender desiguates by notice to Borrower. Any notice provided for in this
<br /> i Security Instrument shall be deemed to have bcen given to Borrower or I.ender when given as provided in this paragraph.
<br /> 15. Governfng Lxw; Severabtlity. This Security Instrument shall be govcmed by federal law and the law of the
<br /> jurisdiction in which the Property is locatod. ln the event that any provision nr clause of this Security Instrument ur the Note
<br /> conflicts with applicable law,such cdnflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> � given effect without the contlicting provision.To this end the provisions of this Security Instrument and tlie Note ane declared
<br /> � to be severable.
<br /> ` 16. Bocrower's Copy.Borrower shull be given one conformecf copy of the Note and of this Security Instrument.
<br /> Form 3028 9180
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