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<br /> payments may no longcr bc requircd.at the option af Lender, if�nortgn�c insuruncc covcrwgc(in thc umount��for p�oci
<br /> that l.ender requfrcs)pr�vidcd by an tnsurcr approved by Len�ler ugai� txcameg avn�luble und is obtAincd. Barr�wer shull pay ,
<br /> the premium�rcquired ta maintuln mortgage insurance in effect,at to provide a loss reserve.until the re.quirement fur mortgugc
<br /> insurance ends in accordance with t�ny w�itRen agreement between Borrower aixi Lender ar applicuble IAw.
<br /> 9. InSpectian. Lcnder or its Agcnt may maks rcasanable cntrtes upon and inspcctions af the Property.Lendcr shnll�ivc
<br /> �arrower natice at the time of ar prior to un inspection Epeci'tying reusonable c�ause Fur the insp�tiun.
<br /> 10. Condemnation. The praceeds af any awnrd ar cluim for dnrnuges,direct ar cansequcnttul, in cannectian with any
<br /> c�ndemnation or other tuking af uny pun of[he Propeny,or for canvey�nce in Iteu of condemnution,ure hercby assigned and
<br /> shall bc patd ta L.ender.
<br /> In the event of u total taking of die P�operty,the procced�shall be applicd to the sums secured by ttds Security Instrument,
<br /> whether or nat then due, with nny excess paid to Borcowcr. In thc cvent of a partial tnking of the Property in which the fair ,
<br /> market vnlue of the Property immedlately before the taking is cquul to or grcatcr than the umount of A�e sums secured by Uus
<br /> Security Instrument immedintely before the tnking,unless Barrower and l.eixler otherwise agree in writing, the sums securod by
<br /> this Secu�ity Instrument shall be reduced by thc umount of the proceeds multiplied by the foltowing fraction: (a)the total
<br /> Amount of the sums secured immediutely before the taking. divided by (b) tho fair msuket value of thc Property immediately
<br /> before the teking. Any balance shall be paid to Borrower. In the event of a partial teking of the Property in whtch the fair
<br /> market value of the Property immed3ately beforc the tekjng is less than the amount of the sums secured imrnediatcly beforc the
<br /> taking, unless Borrower and I.ender othenvise ugree in writiag ar unless app(icable low otherwise prov(des,the proceeds shall
<br /> be apptied to thc sums secured by this Security Instrument whether or not the sums are then due.
<br /> if thr Properry is abandoned by Borrower,or if,after nodce by Lcnder to Borrower that the condemnor offers to make un
<br /> awurd or settle a claim for damages, Aorrower f�ils to respond to l.ender within 30 days uRer the date the nodce is given,
<br /> Lender is audiorizal to collxt and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums
<br /> secured by this Security Instrument,whether or not then due.
<br /> Unless L.ender und Borrower otherwise agree in wdting, any applicatton of proce�ds to prfncipal shell not extend or
<br /> postpone the due date of the manthly payments referrcd to in puragraph� 1 and 2 ar change the amount of such paynxnts.
<br /> 11.Borrower Not Reles�sed; Forbearance By Lender Not u Ws�iver. Extension of the time for pnyrnent or modification
<br /> of sunortization of the sums secured by this Securiry Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the liabiliry of the original Borrower or Borrower's successors in inte�est. L.ender sha11 nat be rc�quired to
<br /> commence proceedings ag�inst nny succcssor in intemst or refuse ta extend time for payment or othenvise modify nnwrtiaatlon
<br /> of the sums secured by this Securiry Instrument by reason of any demnnd made by the original Borrawer or Borrawer's
<br /> suocessors in interest. Any forbearance by I.ender in exercising any right or retnedy shall not be a waiver of or preclude the
<br /> eaercise of any r�ght or remedy.
<br /> 12. Sucoessors and Assigns Bou�; Jaint and Several Llability;Castgners. The cavenants and agrcements of thi9
<br /> Security Instrument shall bind and berte�t the successors and assi$�s of Lender and Borrower,subject to the provisions of
<br /> paragreph 17. Borrower's covcnants and agreements shall be joint und aeveral. Any Bornuwer who co-signs this Security
<br /> ?nstn�cntnt but does not execute the Note: {n)}s co-signing thls Securlty�Tnstnnnent only to mortgage.grant and convty tltat '
<br /> Horrower's interest in the Property under the terms of this Security Insuument; (b)is not personally obligatod to pay the sums
<br /> securod by this Securiry Instrument:and(c)agrees that L.ender and any other Borrower rtlay agree to extend,modify. forbear or �
<br /> make any accommodations with regard to the terms of this Security Instrument or the P1ote wlthout that Borroa�er's consent.
<br /> 13.Loan Chs�rges. If the loan secureci by this Socmity Instrument is subject to a law which sets maaimum loan charges,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collectod fn connecdon with the
<br />. loan execed the permttted limits,thon: (a)any such loan charge shal!be reduced by the amaunt necessary ro reduce the charge
<br /> to the permttted limtt;and(b)uny sums almady collected from Borrower which excee�ed perntitted limits will be refundod to
<br /> Borcower. Lender may chaose to mnke this refund by reducing the principal owed under the Note or by malcfng n direct
<br /> payment to Borrower. If a refund neduces principal, the reduction will be treated sis a partial prcpayment without any
<br /> pnpayment charge under the Note.
<br /> 14.Notices.Any notice to Borrower pmvided for in this Security Instrument shall be given by delivering h or by roailIng
<br /> � it by Crst class mail unless applicable law requires use of another method.The noticc shall bc dirccted to the Property Address
<br /> or any other address Borrower designutes by notice to I.ender. Any notice ro Lender shall be given by first class ma�] to
<br /> Lender's addc+ess stated heniri or any other addr�s Lender designates by notice to Borrower. Any notice pravidai for in this
<br /> Security instrument shall be deemed to have been given to Borrawer or I.cnder when given As provided in this paragraph.
<br /> 15.Governfng Law; Severabillty. This Secudty Instrument shall be governed by fcderal law and the law of the
<br /> jurisdiction in which the Propeety is located. In the event that any provision or clause of this Security Instrument or the Notc
<br /> , conflicts with applicable luw, such conflict sh�ll not affect other pruvlsions of this Security Instrument or the Note which can be
<br /> given effect without the conflicting provision.To this end the pn�visions of this Security instrument and the Note are declared
<br /> ' to be severable.
<br /> . 16.Bortower's Copy.Borcower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> Form 3028 9�80
<br /> PkM4o1B
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