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<br /> payments may no loiiger be required, at the optlon of I.ender.if martgage insurnnce covorage(in the amaunt and for tha perIod
<br /> that i,ender requires)provided,by an Insurer approved by�.ender agaln beoomes uvailnble and f9 abtuincd. 8arrawer ehall pny
<br /> the premiums�uimd to maintain martgage inaumrtce in effect.or to provIde a lass reserve, undt tt�e requirement for mortgnge
<br /> insur�ce ends tn acwr�an�with any written ns�eement between Borcower and Lender ur applicablo luw.
<br /> 4.Inspectlon.Lcnder or its a�ent may maka reasanable cnuies upcm and inspections of the Prop�rty.Lender Fhnll give
<br /> �onower notice at the time af or prior to un inspectton specifying eeasonablo cun�se for the inspr,ction.
<br /> 10. Condemnattan.The proceeda of aay award or claim for damnges. direct or wnsequenti�l. in cunnection with uny
<br /> condemn�tion ar other takin�of any part of the Property,or for conveyance in lieu of candemnation. ur�hc�eby asslgned und
<br /> shull be paid to I.ender.
<br /> In thc event of a total taking af the Property,the proce�s shall be applied io the surr�sezured by this Secudty Instrumcnt.
<br /> whether or not then due. witb any excess paId to Bonower. Jn the event of a parttal taking of the Property in which the falr
<br /> market vaiue of the Property lmmadistely before the takIng is equal to or greater than the amaunt of the sums securaf by this
<br /> Securiry Instmment immedlately before tha taking.unless Borrower and I.cnder otherwlse agree in wdting. the sums secured by
<br /> this Securlry Inst�umant shafl be re�iuced by the amaunt of the proceeds multiplied by the foltowing fraction: (a)the tatal
<br /> amount of the sums secured immediatoly.before the taktng, div�ded by(b)the fair market value of thv Pcoperty immediately -
<br /> before the taking. Any balance shall ba paid to Borrower. In the event of a partial taking of the Property in which tho fair
<br /> market valua of the Property immadiately before tha taking is less than the amount of the sums secured immediately before the
<br /> taking,unless Bonrower and Lender ocl�erwise a$ree in writing or unless applicabla law othenvise provides,the proc.eeds shall
<br /> bE applied to the sums secum.c!by this Security Insiruraent whether or not the sums are then due.
<br /> If the Property is abandaned by Eonower.or if,afcer notice by Lender to Borrower that the condemnor offers to make an
<br /> award or settle a clalm for damages, Borrower faila to respond to I.ender within 30 days a8er the date the notIce is given,
<br /> Lender is;authori�ed to coltect and apply the proceeda,at its option,either to restoration or repair of the Property or to the sums
<br /> aecured by;this Security Instsument,wh@ther or not then due. •
<br /> Upless Lender and Bonower otherwise agree In writing, eny npplicution of procePds to principa{ shall not extend ar
<br /> postpone the due date.of.ithe monthly payments neferred w in paragraphs 1 and 2.qr change the amount of such payments.
<br /> • 11. Borrower Nce3�eleased;Forbearance�ly Ixnder Not a Waiver,fixtepsion of the time for p��rmenc or modification
<br /> of amocuzadon of the sums secured by this Securitjr Tnstrwnent granted by L.ender to any sucmessor in interest of Borrower shall
<br /> not operate to release the IiabiJity of the orlginal Borrower or Borrower's successors in interes[.Lender shall not be reguired to
<br /> commenee proceedings against any auccessor in iaterest or refuse to extend�icqe for payment or otherwise modify amortizadon
<br /> of the sums secured t*y this Serurity Instcument by reason of any demas�d made by the orlginat Bor�ower or Sorrower's
<br /> suocessors 3n interest,.q,ny forheat�t�oe by Lender in exercising nny right oc reine�dy shell rtot be a walv�r o�or preclude the
<br /> exercise of env rl�ht or remedy: ' . • " '
<br /> 13. $uccesscrrs t�nd A+�sfgns�Bo�nd;Joiot And Severat i.iAbiltty; Co�i�ners. Tfie covenants ami agreemetita of this
<br /> Securlty Inshu�hent shail blrtd and benefit the successors and ass3gns of Lender and Borrower, subjeCt:,to the provisions of
<br /> � paragraph I7. Borrotvex1�covenants and agm,eraents shell be jolnt and severaf. Any Borrower who co-slp�ns this Security
<br /> Instrument but does aqt ezecut�the Note: (a) is co-sigafng tlus 5ecurity I�.vfr�raent orily to mortgage.;grant�'and convey that
<br /> Borrower's interest in the P�+operty uuder the terms of this Security Instntment;.(D)is not personaliy oblig�te�l to pay t�e sums
<br /> serund by this 5ec�uity Instrument;and(c)agrces that Lender and any odier Bonower nnay agree to ezteud.utodify,Purbaar or -
<br /> make eny aaommodations with mgard to the terms of this Security Instrument or the Note without that Bomower's consefit:
<br /> 13. I.oan Cha�es.:If the loan seeured by this Secwity Instcument is subject to a law which sets ma�cimum loan ctiarges.
<br /> and that law is finally?�1t�ipreted so that the interest or other loan charges colfected or w be collected in oonne�tion with the
<br /> loan ezceed the permit¢ed,•Ilmits,then:(a)any such loan char�e shall be reduced by the amoum neoessary to reduoe the cflarge
<br /> to the permitted liuut:��iid(b)any sums already ooUected from�or�ower which exceeded.pernutted limits will be �+efuriited to
<br /> Bormwer. I.endor �aay choose to make thfs refund by reducing the pr�ncipat owed unde��tba�ly,ote or Dy making�.direct
<br /> . paymeat to Borrowei.�If a refund reduces principal, the reducdon will be treatod as a"�aRtal pre�aycnent withoitt gny
<br /> prep8ymeat charge under�tiie Note. . • .�'
<br /> ' � ' 16. Nottces.Aay`hpti`ce to Botrower provided for in this Security Instrumem sball be�ivea by db�ivqring it or by mailing
<br /> it by first class mail unless applicuble law requires use of another method.'Che nofic�shalt be dir�ta the Pmperty Address
<br /> or any other addreas Bor+nwer ctp�ignates by nodce to Lender. My notice..tci�;.�.ender 5h�1 be gi�en by firat class mail to
<br /> • I.ender's address stated,�ere�p or any"other address Lender designates by aqtict��d Borrower.My notice provided for in th9s �
<br /> Seefirity Instre�ment sha1�'fie'Eleemed to have i+ee.n�iven t�Rnrmwer or Lendei whaa given as provide�in this pstagraph.
<br /> IS. GovernSug $.�v�r;f Sever�tbility. Tltis Securiry Instniment ahail b'e�govemed by federal law end the Iaw of the
<br /> jurisdictio�in which ttie Property as lpcated• In t8e event that any pmvision or clause of tltis Security Insm►ment or t&e�Note ' '
<br /> contUcts°avith applicable law.sucfr conflict shall not affect other provisions of thts Se�urity In�tTUment or the Note which'c,an ba
<br /> given eff'c�t without tile,conflicting grovision.To this end the proirisions of this Security In'stnunent�nd the Nota are declared
<br /> . to be severable.
<br /> ' 16. Bon+nwer's'Copy.Borrower shall be given one wnformed copy of the Note and of tt�ia Security Instn�ment.
<br /> ''��"'� Form 3028 9180
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