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<br /> paymentg may►a longer be required,at the optian af Lender. if mortguge insurance cuvernge(in the amc�unt and far the perial
<br /> that I.cndcr reyuires)provided by an insurer approvcd by I.ender aguin beconxg availuble ancl is obtuinal. Borrower shall pay
<br /> thc premiums r�quircd to muintain mortgage insutance in effect,or to provide a lass rescrve,until the rcquirement far martgage
<br /> insurance erniK in accordance with eny wduen agreement between Borrawer and l.ender ar appllcablc luw.
<br /> g, Ingpection.i.ender ar its agent muy make rc�tsunuble enr.ies u�x►n und inspecttons uf tho Prapercy• Lendor shall Bi��
<br /> Borrower notice�t the time�f or pr�or to an inspoctfon specifying reasonabl�cuu�fifr the inspudan.
<br /> !0. Condemn�tbn.The proaeds of any nward ar clnim for damages,dircct or consequential, in connectfon with any
<br /> condemnation or other taking of any pan of the Pmperty,or for conveyance in licu af concl�mnation,are he��eby asslgned and
<br /> shall bc paid tn Lcnder.
<br /> in the event of a tatul tuking of the Pruperty.the proceeds shull be applied to the sums secured by this Securlty Instcument,
<br /> whether or not then dut,with uny cxcess paid to Born�wcr. In the event af a partial taking of the Property in which the falr
<br /> market value of the Property immediately before the tnking is equnl to or gmater tlwn che amouni of the sums securect by this
<br /> Security Insteument immediately before the taking. unless Barmwer and I.ender otherwise agree in writing.the sums sec+tracl by
<br /> this Securlty lnstrument shall be reduced by the amount of t6o proceeds multipliod by the f�llowing fraction: (a) the total
<br /> amount of the sums secured immediately before thd tukins, dividcd by (b) the fair mzrket value of the Property imnxKliately
<br /> before the tnking. Any bnlAnce shall bc puid to Borrower. In the event of a parcial taking of th�Propercy in which the fair
<br /> market value of the Property imrnediately before the tuking is less then the amount of the sums cesured immallately before the
<br /> tu{c(iig,untess Borrower and Lcnder otherwise ngree tn writing or uniess applicable law otherwise provides. the procads shal�
<br /> be applicd so the sums saured by this Securiry Insuumcnt whetlier or not the sums an thcn due.
<br /> If the Property is abandoned by Borrower.or if,aRer notice by Lender to Barrower that the condemnor offers to make an
<br /> award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> Lender is authoriud to collect end apply the proceeds,at its option,either to resturation or repair of the Property or ro the sums
<br /> securcd by this Secudty Insuument,whether or not then due. .
<br /> Unless Lender and Borrower atherwise agra in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to In puagrephs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Released;Furbtarance By I.ender Not a Woiver.Extension af the dme for payment or modification
<br /> of emorttzacion of the sums secun�by this Security lnstrument grantad by Lender to any succxssor in interest of Borrower shall
<br /> not operate to release the liability of the original Borrower ar Borrower's successors in interest. Lender shall nat bc requtred to
<br /> �a�.������nos ygainu any successar iu interest or refuse to extend rime for payment or otherwise modtfy amortizadon
<br /> of the sums secured by this Security lnsuument by reason of any demand made by the ongtnai �sorrowa or isorcuwc�'�
<br /> successors in interest. Any forbearac�ce by Lender in exercising any right or remedy sball not be u waiver of or preclude the
<br /> exercise of any right or rcmedy.
<br /> 12� Suoas�ors and Assigng Bound;Jofnt and Several Liabiltty; Co-signers. 17u a�venanu and agramen�s of this
<br /> Secudty Instrument stiall bind and benaf t the sucassors and asstgns of I.ender and Bomower. subject to the provisions of
<br /> ���:��; :�. ��..�..L.r'� rnve�unts und aArcertxnts shall be jotnt and several. Any Borrower who co-signs th3s Seeurity
<br /> Instrument but das not exerute the Note: (a) is co-signing this Sccurity Insuument oNy co mongage. qiu►�i��t:.ohrcy tts;t
<br /> Borrower's interest in the Property under the torms of this Security Insnument;(b)Is nat personally abligatod to pay the sums
<br /> secural by this Security Instrument; and(c)agoees that Lender and any other Borrower may agree ro extend.modify.forbear or
<br /> make any acwmrnodat�ons wieh re8ard�o the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.Lo�n Chirges. If the loan saured by this Security Instrument is subject to a law which sets ma�cimum loan eharges.
<br /> and that law is finaily interprcted so that the intenst or other loan chargts cvilected or to be collected in connection with the
<br /> loan exceed the permitted limits,then:(a)any such loun charge shall be reduced by the anxwnt necessary to mduce the ct�arge
<br /> to the pemnitta! 8mit;and(b) any sums almady collectal from Bonower which exnoeded permittal limits will te rafunded to
<br /> Borrower. Lender may chnose ro make this refund by reducing the principal owed uncler the Note or by maknt18 a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treatod as a partfal FnPaYment wit}wut any
<br /> prepayment charge under the Note.
<br /> 14.R'otices.Any notia to Borrower provided for in thls Security Instrument shall be givea by delivering it or by mailing
<br /> it by first cla�s mail unless applicable lnw requires use of another mettwd.The nodce shall be directed to the Property Address
<br /> or any other eddress Borrowtr designates by notice to Lender. Any natice to Lender shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice providect.�For in thls
<br /> Security Inshument shall be de,emod to have been given to Horrower or Lender when given as provided in this paragrnph.
<br /> 15.Govcrnin� I,tw; Severabflity. This Sxuriry Instrument shall be govemed by fedcral law and the Iaw of thc
<br /> jurisdicdon in which the Properry is locat�d. In the event that any provision or clanse of this Security inst►vment or the Note
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Securiry Insuvment or ahe Note which can be
<br /> given effxt without the conflicting provision.To this end dx provisions of this Socurity Instrument and the Note nre declared
<br /> to be seve�reble.
<br /> 16.Borrower'R Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 fl1f10
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