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<br /> ired ut thc o tian oF Lender, it'mortgugc insuruncc covct.�gc(in tl'C u nount und fbr thc peri��d
<br /> payments niuy no I��ngcr bc requ , P
<br /> thut l..cncicr rcquires)providcd by nn insurcr uppmvcd by Lendcr aguin lxcomes nvi�iluhlc uixl is obtninca. Dc�rr�wcr shall pi�y
<br /> tl�c premiums rcquired to mulntain mortgagc insuruncc in et'Pcct, or to providc u loss rescrvc,until chc rcyuirement for mc�rtgu�c
<br /> insurance ends in arcordance with uny written agrcenxnt between Borrower c�nd I�rnier nr applir�ble luw.
<br /> 9. I�ispctllun.L.a:ndcr or its agent m��y mnkc re��son�blc entrics upan and inspcctions af the Property. I.cndcr shull givc .�
<br /> Borrower notice ut the ume of ar priar to an inspectian specifying reasonuble cause for tl►e inspectiun.
<br /> 10. Condemaatlon. The praceeds of any awurd or clnim for dnmages. direct ar co�sequcntial, in connectii�n with uny
<br /> condemnation ur ather taking of any part of the Property,or for canveyunce in lieu of condemnution, ure hemby atisign�a��d
<br /> shnll be paid to l.ender.
<br /> In thc event of a t�tal t:iking of the Property.thc procee�s shall bc uppliod ta the Emms sccumd by this Security instrunxnt,
<br /> wlietlier or not thcn due. �vith any exress paid to Barrower. in the event of a partiul tuking of the Praperty in which thc fuir
<br /> market valuc of the Property immediatcly befare the tsking is equal ta ar greater than the amount af thc sums secured by this
<br /> Sxurity Instrument immedintely beforc the tuking,untess Boaower unsl l..ender otherwise agree in wdting,chc sums securcd by
<br /> this Security Instnrment sha11 be reduced by the amount of the procceds multiplied by the following fruction: (u) the total
<br /> amount of the sums secured immediately before the tnking, divided by(b) the fair mwket value of the Property Immediatcly
<br /> before the taking. Any balance shall be� to Bo�TOwer. In the event of u partial tuking of the Property in which t�e fair
<br /> market value of the PropertY immediatelp D:fore the talcing is less thnn the umount of the sums secured immediately before she
<br /> taking, unless Borrower and Lxnder othen�•ise agree in writing or unless applicable law athenvise provides, the proceeds shall
<br /> be upplied to the sums secured by this Security Instrument whether or nat►he sums are then due.
<br /> If the Property is aba�idoned by Borrower,or if,after notice by Lender to Borrower thnt the condemnor offers to make un
<br /> award or settle a claim for damages. Bon'awer fails to respo:�d to I.ender within 30 days after the date the n oT o thcsunu
<br /> Lender is authorized to collect stnd apply the pc�oceeds,at its option.either to restoratlon or repalr of the Property
<br /> secured by this Security Instrument,whether or not then due. �l�tion of roceeds to principal shall not extenct. or
<br /> Unless Lander and Borrower otherwise agree in writing,any app' p
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Released;ForbeArance BY I.ender Not a Waiver.Extension of the t�me for paymenc or modification
<br /> of amortization of the sums secured by this Security Instcument granted by I.ender to any successor in interest of Borrower stwll
<br /> not operate to release the liability of the original Borrawer or Borrower's successors tn interest.I.ender shall not be reyui�ed w
<br /> - mmmence proceedings agains�any�ui:��r tn issic:�t or ref�i�exten��ime for aayment or otherwise modifJ+amortirauon
<br /> of the sums sceurai by this Security Inswment by reason of uny demand m3de bY the original Borrower or Bc�rnower's
<br /> successors in interest.Any forbearence t�y I.ender in eaercising any right or retaedy shall not be a waiver of or prxlude ihe
<br /> ; exercise of any right or remedy. '� covenants and agreements of thts
<br /> � 12.Succasors and Assign9 Bound: Joint and Several Liability; Co-si6nas.
<br /> { Security Instcument shall bind and benefit the successors and assigns of I.ender and Borcower. subject to the provisiats of
<br /> r paragraph 17. Borrower's covenants and'sgreements shall be joint and several. Any Borrower who co-signs this Security .
<br /> 4
<br /> L�stniment but does not execute the Nate: (a) is co-signtng this Security Inst�ument only to mortgage.grant and oonvey that
<br /> � Borrower's interest in the Property under the terms of this Secur�ty Insnum�nt;(b)is not personallY obligated to pay sums
<br /> � secuted by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend.modify,forbear or
<br /> 1 make any aocomxnodations wtth regard to�he terms of this Security Instntment or the Note wid�out that Borrower's consait.
<br /> � 13.Loan Charges.If the loan sceured by this Security Instrument is subject to a law which sets mauimum loan chu'ges.
<br /> * and that law is finally interpreted so thnt the interest or other loan charges oollected or to be collectod in connecaon witta the
<br /> � loan exceed the permltted�imits.ther►:(a)any such loan charge shul! be reduced by the amount neassary to n�dua du charge
<br /> 4 to the perm+ttc�limtt;and(b)any sums almady collectad from Bomower which exceedod pemuttod limits will be refunded to
<br /> ' Bonower. Lender may choose to make 'inis refund by roducing the principal owod utder the Note or by malang a direct
<br /> � payment to Borrower. It' a refund reduces pri►k:ipal, the raduction will be tctate� as a partial prcpayment witt►aut aqy
<br /> ` prepayment charge undcr the Note.
<br /> 14.NoNas.Any notice to Bonrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> f it by first class mail unless applicable iaw tequires use of another method.7'he notice shall be clirectal to the Property Address
<br /> � or eny other address Bornower desigaates by nodce to Lcnder. Any notia to L.cnder shall bo given by first class mail co
<br /> ' Lender's address statod herein ar aeay other address Lender daigr�ates by nottce to Borrower.Any notice provided for in this
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<br /> c 5ecurity lnstrument shall i�e deemed to huve been given to Borrower or Lender when given as provided in this paragrap •
<br /> � 15.Govecning I.aw; Severability. Thic Security Instrument shttll be govemad by foderal law and the law of tha
<br /> r judsdiction in which the Property is located. In the event that any provision or clause of this Socurity Instrument or the Note
<br /> conflicts with cipplicable law.such conflict shall not affect other provisions of this Securiry Instrument or the Note which can be
<br /> � given effect without the oonilicting pmvision.To this end the provislons of this Security Instniment and the Note are deelnral
<br /> • to be severable.
<br /> � 16.Borrower's Copy.Bonower sluill be given one confomkd copy of the Note and of this Scxuriry Inswment.
<br /> Form 3028 9180
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