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<br /> - • pnyments nmy�ioZ� r q thc��ption of tx:ndcr� if mcx�gabc insuruncc a�vcrugc(in thc umuuut:►nd f.��ihc periud '
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<br /> �. thi�t I.endcr rcquires) pmvided by nn insurcr approveJ by Lcnd�r ugnin hccomcs avnifublc ttnd is obtnined.l3orrower shull puy
<br /> _ tl�e premiunn required tu nmintuiu mur�guge insuranceln e(fcct,or t��pr<wide a loss r�serve, until tlic reyuirenun� lix ru�rt�age
<br />- -;�''� insuranee ends in accordance with uny written Agreement benveen Burruwer nnd Lender nr upplicuble Ic►w.
<br /> ;' 9. InspecUun. l.ender or its ugcnt may mnke rr.isonable entrics up�m und inspections of the Propeny. Lender stuill givc
<br /> Borm�ver natice nt the time uf or prior to an inspection specifyinS reusonuble cause for tlie inspection.
<br /> ;�.. '. 10. Candemnutlon. The proceeds of uny awurd or clnim fix damages, direct ar consequential, in connection with nny
<br /> eondemnution or other taking of nny part of the Property,or far comeyance in lieu of condemnntion. are hereby assigned iind �
<br /> . shall bc paid to Lendcr.
<br /> - • In die event of a totul tnking of the Property,the procecds sh�ll be upplied to the sums secured by this Security Instrument,
<br /> �,� � wliether or not then due, with any excess paid tci Borrower. In the event of a partinl taking of tNe Property in whicl� the fair
<br /> .. , market value of the Praperty immediAtely before the taking is equal to or srqter than the amuunt af the sums secured by this
<br /> . ::.:•�•� Security Instrument innnediately bcforc the taking,unlcss Horrower nnd Lender otherwlse agree in writing,the sums sccurcd by
<br />_�X"`-'�.u"�� this Security Instrument shull be reduced by the anwunt of the praceeds multiplied by the following frnction: (n) tlie total
<br />-'�`''�' " amount oC the sums sccurcd immedintcly before the takimg,dividcd by (b) the fuir market vuluc of the Property immediatcly
<br />-''` ".' .� before the takins. Any bulunce shall be paid to Borrower.In the event of a puctinl taking of thc Property in which the fair
<br />-'�-'��?°?�;'� tnurket value of the Property immediutely before the�aking is Iess than the nmount of the sums secured immedintely beFarc t��••
<br />"� � � taking, wiless Barrower and Lender utherwise agree in wri�ing or unless applicable law otherwise providcs, the procccds�h:dl
<br />�����,,�� ' be uaplied to the sums secured by this Security Inswment ahether or not the sums ure then due.
<br />�r�" .;r If the Pmperty is abundoned by Bc�rrower,or if,after notice by Lender to Borrower that the condemnor ofFers to m�ke tu�
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<br /> -"":•����,� awnrd or settle u claim for dnmages, 8orrowcr fails to rapond to I.ender within 30 days after the d�te the notice �s g�ven,
<br />-:�'�',:.-: •' L.ender is authorized to coll�ct and apply the proceeds,ut iis option,either to restoration or repair of the Property or ro the sums
<br />=`'•�'�'' secured by this Security Instrument.whether or not then due.
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<br />:~;t�:� ,,, Unless Lender and Borcower othenvise agree in writing, any applicution of proceeds to principal shull not exten or
<br />=���z.�r postpane the due dnte of the monthly payments referred to in pumgraphs I and 2 or chunse the mnount of such payments.
<br /> -- I1. Borrower Not Rcleased; Farhearance ay l.endtr Not a Waivcr. 8xtension of the time for payment or modification
<br />--�'»,x,� of amortlzution of the sums secured by th9s Security Instrument grumed by Lcu�ie�i�aay oucccs�ar in iniert�i^f�^frower shull
<br /> '�"�'�� not ope�ate to releuse the liability of the original Barrowerar Borrower's successors in Interest. Lender shnll nat be requireci to
<br /> —n--- commenee proceedings asainst any successor in intercst or refuse to extend time for payment or otherwice inodlfy amortization
<br />--=- - of the sums secured by this Sccurity Instrument hy renson of any demund made by die original Borcower or Horrowe�'s
<br /> --.,:,� successors in intcre•st. Any forbearnnce by L.ender in exercising any right or reniedy shall not be u waivcr of or preclude the
<br /> —=— exercise of any right or remedy.
<br /> 12. Successors and Asstgns Bound; Joint und Several Ltability; Casigners. The covennnts and agrcements of this
<br /> Security Instrument shall bind nnd benefit the successars und ttssigns of l.ender and Borrower, subject to the provisions of
<br /> --�-- '; pnragrnph l7. Barrower's covennnts and ngreements shall be joint anJ several. Any Borrower who co-signs Ihis Security
<br /> — � instrmnent but does not execute the Note: (a) is casigning this Security Instrument only to mortgage,grant and convey thet
<br /> '._� Borrower's interest in the Property under the terms of this Security Instrument: (b)is not personally obligated ta pay thc sums
<br /> ,i secured by this Security instrument;and(c)agrees that Lender and uny other Borrower may ngra to extend, modify,forbear or
<br /> � make any eccommodations with regard to the terms of this Security Instrumont or the Note witho�rt that Borcower's mnsent.
<br /> y 13. Loan Charges. If the loan secured by this Security Instrument[s subject to a law which sets maximum loan charges,
<br /> ` and that Iaw is finally interpreted sa that the interrst or dher luan charges collected or to be callected in connection with the
<br /> � loan exceal tha permitted limit�,then: (a)uny such loan charge shall be reduced by the umount necessary to rcduce thc charge
<br /> to the permitted limit;und(b) any sums nlready collected from Borrower which excaded permitted limits will be refunded to
<br /> } Borrower. I.ender may ¢hoose to make this refund by reducing tlie principnl owed unsler the Note ar by making a d[rect
<br /> payment to Borrower. If n reFund reduces principal. the reciuction will be treuted as a purcial prcpa}�nxnt witf�out eny
<br /> ' � prepayment charge under thc Note.
<br /> t4.Nottces.Any notice to Borrower provided for in this 5ecurity[nstrument shall be given by delivering it ur by mailing
<br /> , it by ftrst clau mail unless appllcable law requires use af another metliad. The notice shull be directcxl to the Property Address
<br /> • or uny other nddre.ss Borrower designates by notice to Lender. Any notice to Lender sl�all be given by first clt�ss mail to
<br /> ' L.ender's address statod herein or nny other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> - Security Instrument shull be dcemed to have becn given ro Borrc►weror Lcnder when given es provideci in this parag%ph.
<br /> � _ 15.Governing Law; Severabflity. This Security Instn�ment shall be governed by fedcral law �nd the taw oFthe
<br /> - jurisdictton in which tlie Property is located. in the cvent that any provisian or clause of this Security Instrument or the Note
<br /> ----_ , conflicts with Applicable luw. such conflict tihall na affect other provtsions of this Security lnstrument or the Note which can be
<br /> w�— given effect without the conflicting provision.To this end the provisions of this Security instrument and the Note xre declared
<br /> _;�� to be severnble.
<br /> _____— 16.Borrower's Copy.Borcower shull be given ane conformed copy of the Note und of this Security Instrunxnt.
<br /> - - Form 3048 9180
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