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<br /> iit thc optiun uf I..mdGr, it martgege insuranre coverage (in the amaunc and for the peric�d that i.ender r�:quirrs)
<br /> �rnvided hy�n insurer approved by l.�ndrr again berc�mes available and is abtained. I�orrox•er shall pay thtl premiums
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<br /> fCyuticU i��Itu�{fIC&{f1 �iiui i�a�c iitniiidin.i: fi'i C���� :.��:. t.iiie�uu a iVa'� ic:cl vi., lSiiiii iii�iCa�Uil':ytiiCilt OP fl'ii11't�Tw�
<br /> �I�SIIP7111��CIl4J4 1118CCA1f'(IiI1CC{Y1tIl 8ily WfILSCTIB�PCCti1CI1S�LWCtS11 AQPfC)Wt;P 8R(I I.enderus app!icablrlaw.
<br /> 9.InKpection.l.nnder ur its agant may make rr-0r�onable entrieH upun and ina�xrtions oi tha 1'rupercy.Ixndcr ehall
<br /> givn Iiurruwrr not�ccat thtl time at or prinr to an inspectia�sF,ecifying reasc�n»ble cau.s�forth� ins�ection.
<br /> 10. Cundemn�tion.'I'hn prcx.ecx9n otany swsrd or cleirre for damages,dirert or consequCntini,in connection with
<br /> nny c�mdomnatian or othor taking aP any part of the Property,ur for ronveyance in lieu ot candernnation, are heroby�
<br /> assi�neJ and ehatl ba paid to l.ender. "
<br /> In�he averit�f e total teking ut the Property, the prc►ceedx shall be applied to tha sums s�x��red by thia Se�:urity
<br /> Instrument,whather or nat then due,with any excess paid to�anawer.ln the event of s partial taki ng o�the Property in
<br /> ��•hirh thr fair market value af the 1'roperty immediately betare the uking is equal to or great�r than the amuunt oi the
<br /> si�ms s�:cured by thie Sexurity Instrumcnt immediately betare the ta�ing,unless Borrow�r anc�l.end�r otherwise agrea
<br /> in writing,tha sums secured by this Security Instrument shall t�e reduc.r.d by the amounc c�t thG proceeds multiplied by
<br /> t3�u 4��floti�ing fnciion: (e) thr notal amount of the sums�ureci immediately befare the tel�ing,divided by (b) the fair
<br /> m�ir.�'et value uf thn Prope�rty immediately befare the taking.Any balance shall be paid to Rc�rrower,ln thr event oi a
<br /> �:irti�l r.akinq��f t�ho Nro�rt,y i.n vihich the fair market value oi tha Property immediately before the taking is less than
<br /> t]�a�.r»ue►nt wf: the sums s�:cured�i.m,mR:dPmtely befare the talcing,unless Borrower and Lender axhervrise agree in writing
<br /> or ��nle�ss sp�li.cable law otherwise �rovides, the proc�eds shall be applied to the s�sms secured by this Security
<br /> I.��ar.rument whether or not t9ie G�tng are r�yen due.
<br /> li the Property is abandnnr�i by Horrawer, or if.aftcr notico by I.enckr ta�acrower tt�at the condemnc�r of.PerF to
<br /> meke an award or settle a claim for damages, �orroHer iails ta respand to I.ender wlthin 30 days aftcr the date the
<br /> notice is given. Lender is authorized to r.ollect and spply tho proceeds,At i�c option,either to restoration or sepai r of the
<br /> 1'roperty ar to the sums aocured by thia Sexurity Instrumant,whether or not tAon due.
<br /> Unl�s I.ender nnd Bonower otherwise agre,�in writing,any Application af proceeds to pri ncipal ahall not extend or
<br /> �x�.5tpune thc due dete of the monthly paymenta refferrod to in pata�rnphs 1 and 2 os change the smount of such
<br /> pay mCnta. •
<br /> 11. Borrower N�t Roleased; Forbearance By Lender Nat a W�iver. 8attension of tha time for payment or
<br /> moditication af amortization af thc sums securod by thls Security instrument grented by l.ender to any successor in
<br /> intor�st of Bormwer shall not operate to release the liebility of the otiginal Barroker or Bore�ower e successors in
<br /> intar�st. Lend�r. �hall not be required to commence praceodings sg�inst any successor in interest or retuse to extend
<br /> time for peyr�a�tt or atherwiso mudify amortizstion of the sums sacured by this Security Instrument by reason ot any
<br /> demand mad�•by the otiginal Botrower or Borrower's�succes9ore in interest.Any forbesruice by Lender in eYercising
<br /> any ri�����,o,�ip chaQ r►ot be a waivar of or precludt the exerci�se ai sny ri�ht or remedy.
<br /> 12.�u�c�ssors snd Assiaas Bound;Joiat and Several I.iability.Co-sitaara.Thc covenants and ag►�eements
<br /> af this.S�r.�ur.ix��v►-,�trument shall bind and benetit the succes�orA and ass�gns of Lender and Borra�er,subject to the , .
<br /> �i,r�.visint�n oP p�r�,geaph 17.Borrower's covenants and agteementa shull'oa joint and several.My$ormwer who co'signa . �,.
<br /> iJtiis S�uriry Instrument but does not execute the I�Ipto: (a)is co-s�sr�ng this Security Instrumentonly to mortgFRe,
<br /> gra��t and convey thst Horrower's inurest in the Proparty und�sr the terms of this Securi�y Instrument; (b) is not
<br /> personally oblignted to pay the sums secvred by this Seaurity Tnstrurnent;and (e) agr�as that Ixnder and nny other
<br /> Borrower may agree to e�tcnd,modify,Corbear or make any socammocltttiona witfi regard ta the terms oi this Security
<br /> Instrument or the Note without that$orcower's consent. '
<br /> 13. Loan ChuEea. If the loan socured by this Security Instrumettt ie sub�eot to a law which sets maximum loan
<br /> chargcn, and thnt lew ie finally interpretod eo that the interest ot other lonn oharges callected or t�be onllbated in
<br /> cannection with the loan exceed the permitted limitu,then: (a)any such loan charge ehall bo redtx�cl by tho smount
<br /> necessery to reduce tho chargs to the permitted limit; and .(b) Any�mums atready collected tram Horrower �hieh
<br /> exceeded pernnitted'limits will be retunded to Borrower. Lende,r may chooae to meke thi�rbfund by reducing the
<br /> �- ` principal owcd under the Note or by making a direct payment to$orrower.Jf a nfund reduces principal,the reduction
<br /> will be treated ns a,partiel prepaymBnt without any prepayment charg�under the Nate.
<br /> - � i4. Natices.•�lny notice to Botrower provided tar in this Security Instrui�nent shnll be gi ven by delivering lt or by
<br /> � �'�.mnili,nb it by'tirst class miil•unless applicable law requires use of another mothod.The noticq shall bo dirccted ta the
<br />��� . � ,��'rop'erty Adc��ess.or any other address Borrower d�ignatts by notice to Lender.My notice Lev I,ender shal l bc givcn by
<br /> - � ' first class mats to Lender's address stated herein or af�y other address Lender designntes by notice to Borrower. Any
<br /> ��ntice provided for in this Security Instrumont shall be deemed to heva been givcn to Borrower or Lender when Yiven
<br /> ;.;��provided in this paragraPh.
<br /> • IS. Guvemin=Law;Severabitity.This Security Instrument ehaU be goe�ernr.d by fedCtal!aW and the lsw of the
<br /> � jurisdiction ix� wfuch the PropeRy is located.In the event that any pru�ision or alai�.se oi this Security Instrument or the
<br /> Note conftiecs���-xaA applicablo law,such conflict shall not attxt other provistons of this Secur,i ty Instrument or the Not�
<br /> � wAich can be��%��r►effect without the conilicting�aavislon.To th{s end the provisions of this Security Instrument and
<br /> � .tl�'�Note are declated to be Aevecable.
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