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<br />-u`�� paymcnts muy m� longcr bc required,ut thc uptiun��f l.endcr, if mortgugc insuruncc covcrugc(in thc umount und for thc periai
<br /> that I.cndcr rcquires) providcd by un insurcr uppn�vcd hy Lcndcr ngi►in hccomcs uvnilablc und is �ib�uincd. linrrawcr shull puy
<br />.'l.,�u� e
<br />-� �� Ihe premiums rcquirccl to muintuin nt�irtguge insuriutcc in effcrt,or to provide u lu„reservo, until thc rcyuircmcnt for m�rtbo��
<br /> insurunce endr in uttardunce with i►ny writtcn i►grcenunt bctwecn Borrowcr und I.ender or upplia►ble law.
<br /> '..�.....r� 9. I�npecNon. I.cnder�ir its iigenc mxy mukc rcusonublc entries upcm und inspcctions oP thc Property.Lender shull give
<br />-=�� Born�w�er notice. ut the time of i�r priur to nn inspectiun spcciPying reusonable cuuse for the inspcctian.
<br /> �' l0. Condemnatiun. The proceeds of i�ny u�vard or cluim for damages, direct or consequentiul, in connectian with any
<br /> �''��� condcmnation or o�her taking of nny purt of the Aroperty, or for conveyunce in licu of condemnatiun, ure hereby Assigned und
<br /> '•y,,.
<br />-;��A�,; shall be puid to Le�der.
<br />:'�t;�;�' In the e�ent of n totnl tuking af the Property,the proceeds shall be uppliec!to thc sums secured by this Securiry Instrument,
<br />'���=�� whethcr or not then due, with uny excess paici to Bonowcr. In the event of�pani�l taking of the Property in which the fair
<br /> RLL� market vuluc af the Propeny immediatcly bcfc�rc thc taking is cqual to or greater than the umount of the sums secured by this
<br /> `��� Securiry Instrument immcdiatcly before thc taking, unles�Horrower and Lender otherwise agree in writing. the sums securcd by
<br />--=� this Securiry InstNment shall be reduced by the amount of the proceeds multiplied by the fallowing fractiun (a) the total
<br />'°"`"° umount af thc s�nis sccured itnmedintcly hefore thc tuking, di��idcd by (b)the fair markct value of the Property immediately
<br />'°`=='�"� before the taking.Any balance shull he paid to Borrower. In the event of a partial ta};ing of the Praperty in which the fair
<br /> :��+� markct vulue of thc Property immediutcly before thc tuking is less thun the amuunt of the sunu secured immediately before the
<br />=__.= taking, unless Barrower and Lender otherwisc ugree in writing or unless applicable la�v othenvise provides,the proceeds shall
<br /> bc applied to the sums secured by this Security Instrument whcther or not the sums are then due.
<br /> — - If the Property is abandoned by Borrower,or if, uRer notice by Lender to Bottower that the condemnor offers to make an
<br /> — nward or settle a claim for dnmages, Borrower fails to respond to L.ender within 30 days after thr date �he notice is given,
<br /> L.erder is authoriud to collect nnd apply the proceeds, at its option,either to restoration nr repair of the Property or to the sums
<br /> secured by this Security Instrument,whethcr or not then duc.
<br /> -- Unless Lendcr and Sorrower otherwise ngree in writing, any application of proceeds to principal shall not extend or
<br /> � postpone the due date of the monthly payments referred to in puragraphs 1 and 2 or change the amount af such payments.
<br /> 1!.Barre�fr Ne!RelPaced: Forbearance Bv Lende�Not e Waiver. Extension of the time far payment or modification
<br /> of a��orti�atian of d►e sums secured by this Securiry Instrument granted by i.�nder to:�ny successar in interest of Borrower�i,uii
<br /> not uperate to release the liability�f the originul IIorrower or Borrower's successors in interest. Lender shall nat t►e required to
<br /> cornmence proceedings ngainst uny successor in interest or refuse to extend time for payment or othenvise madify amortization
<br /> of the sums secured by this Security Instrument by reason of any demand mude by the origina! Borrower or 8orrower's
<br /> � successors in interest. Any forbearance by Lender in exercising any right or remedy shall not lx a wuiver of or preclude the
<br /> --= cxcrclsc of acsy rlght or reme�l;. �
<br /> 12. Suocessors and Asstgns Bound; Jolnt and Several Lis�bility; Casigncrs. The covenants and a�reements oi this
<br /> Security Instn►nxnt shull bind and benefit the successors and assigns of l.ender nnd Borrower,subject to the provisions of
<br /> paragrnph lT. Barrower's covennnts and agreements chall be joint und severnl. Any Borrower who co•signs this Security
<br /> Instrument but das not execute the Note: (a) is co-signing this Security Instrument only to mortgage, granR and convey that
<br /> Bonuwer's interest in the AropetYy under thc terms of this Security Instrument;(b)is not personnily obligated to pay the sums
<br /> secured by this �auriry Instn►m�nt;und(c)3grecs that Lender und uny other Borcowcr mny ngrce to extend,madify,forbeur or
<br /> make any accor�miociations with regard to the terms of this Se�urity Instntment or the Nate without that Borrower's consent.
<br /> 13. l.oan ChRrges. If the loan secured by this Security Inst�vment is subject to a law which sets maximum loan charges.
<br /> and that luw is final ly interpreted so that the interast or other loan char�es collected or to be collected in connection with the
<br /> - loan exceed the permitced limits, then: (a)a�����uch loan charge shall be reduced by the amount necessary�o reduce the charge
<br /> - to the permitteci limit;and(b)any sums alr°ady colleeteci from Borrower which exceeded permitteii limitswill be refunded to
<br /> Bonower. Lender mny choose to make this refund by reducing thc principal o�ve,d under the Note or by making a direct
<br /> - p�yment to Bonower. If a refund reduces principal, the reduction will be treuted as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> = 14. Nodces.Any notice tu Burrower provided far in this Sccuriry Instrument shall bc given by dclivering it or by muiling
<br /> it by�rst class nu�il unless applicable law requires use of another method.The notice shnll lx directed to the Property Address
<br /> or any other address Barrower designates by notice to Lender. Any notice to Le:nder shall bc given by first class mail to
<br /> Lender's address stateci herein or any other address Lender designutes by notice to Borrower. Any notice provided for in this
<br /> � Sccurity Instrumcnt shall be dcemed to have becn given to Born�wer or Lender when givcn as provided in this paragraph.
<br /> ____ _ 15.Governing Law; Severabil(ty. This Security Instrument sh:�ll be soverncd by federal law und the law of the
<br /> jurisdiction in which thc Propeny is located. [n the event that any provision nr clause of this Saurity Instrunxnt or the Note
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