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<br /> puyments may no longer be requfred.at the optlon of Lender. if mortgage insurance coverage(in the am�unt and for the perlod
<br /> that L.ender requires)pravided by an insurer approved by Lender again bccomes avuilable and is obtained Barrowcr ehall{aay
<br /> the prcmiums required to maintuin mortgage insurana in cffect,or to providc a losg reserve.until thc requirement fi�r mortgage
<br /> insurance ends in accardance with any written ugreement between Bottower und Lender or applicable law• ,
<br /> 9.inspection. Lcnder or ita ngant may make reasonable entries upan and inspections of thc Propercy. L.endcr shall givc ,
<br /> Borrawer notice at the time of or prior to an inspoction specifying reasonuble cause for the inspecttan. :
<br /> 10. CondemnAtion.The pcoceals of uny uwarJ or claim firr damages, direct or conse�nentieil,in connecdnn with uny _
<br /> eon�iemnutian or ather taking of nny purt af the Propecty,or for canveynnce in lleu of con.demnatton,nre hereby awsignal und .
<br /> Kball bc puid ta l.endcr. ,
<br /> In the cvent of u total taking of thc Praperty,thc praoecds shall be apptiod ta the sums secured by this Sccurity Instrumcnt,
<br /> whetl�er ar not then due,with any excess paid to Barrawer. in the event uf a purtial tuking af the Property in which the fair
<br /> markct value af the Property immediately bcfarc the tuking is cqual to or greater thun the amount of the sums sccural by this
<br /> Security Instrument immediutely before the taking. unless Borrower and Lcnder othenvise agree in writing,thc;sums aeeured by ;
<br /> thls Saurity Instrument shall be reduced by the amount af the proceeds multiplled by the following fraction: (a)the total :
<br /> umaunt of the sums secured Immediatcly before thc taking. d[vided by(b) the fair market value of the Property immediately
<br /> before the taking. Any batance shull be paid to Donower. In the event of a partlal taking af the Propeny in which the fair
<br /> rnarket value of the Property immediately beforc thc taking is less than the amou�t of the sums secured immediatcly before thc
<br /> taking,unless Borrower and Lender otherwise agree in wdting or unless applicable law otherwiise pmvides, the procxds shaU
<br /> bc appliecl to the sums secured by this Securlty Instn�ment whethcr or not the sums aze then duc.
<br /> !f the Property is abandoned by Borrower,or if,after notice by Lender to Borrower that the candemnor offers to makc an
<br /> award or settle a cla�m for dumages. Horrower fails to mspond to Lender within 30 days after the date the notice is gtven,
<br /> I.ender is authorizod to collect and upply the proceeds,at 3ts option,either to restoration or repair of the Property or to the sums
<br /> sxured by this Securlty Instmment.whether or not then due.
<br /> Unless L.ender and Borrower otherwise agree in wrlting. nny upplication of proceeds to prjnctpal shall not extend or
<br /> postpone the due date of the monthly payments refenod to in paragraphs 1 and 2 or change the amount of such payments. ;
<br /> 11. Bocrower Not Released;Forbearance By Lender Not a Waiver.Extension of the time far puyment or modificatton
<br /> of amortization of the sums secured by this Secur�ty Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the odglnal Bonower or Bonower's successors in interest. T.ender shall not be required to
<br /> wmmence procadings egainst any successor in interest or refuse to extend time for payment or othenvise modify amortization
<br /> of.the sums secured by this Security Instrument by reason of any demand made by the origlnal Borrower or Horrower's
<br /> succasors in interest. Any forbeurance by Lender in ezercising any right or remedy shail nvi b:. a wziiver of or �clude she
<br /> exe�ise of any right or remedy.
<br /> 12. Successors and AsslBns Bound; Jotnt aad Sevecel Liebllity; Co-signers. The covenants and agreements of this
<br /> Securiry Instrument shall bind and benefit tlie successors and assisns of Lender and Borrower, subject to the provisions of i
<br /> paragraph 17. Bonower's covenants and ugrcements shall be joint and several. My Borrower who co-signs this Securiry
<br /> Instrument bnt doos not execute the Note: (u) is ca-signing this Secudty Instrument only to mortgage. grant and convey thac
<br /> Borrower's interest in the Property under the terms of this Serurity Instrument; (b)is not personally obligated to pay the sums
<br /> secured by th9s Secur[ty Instrument;and(c)agrees that Lender and any other Bonower may agree to extend.modify,forbear or
<br /> muke any accommodatlons with regard to[he terms of this Security Instrument or the Note without that�3onower's consent.
<br /> l3.Loan Charges. If the loan secured by this Security Insnument is subject to a law which sets maximum lou► chacges,
<br /> and that law is finally interpreted so that the lnterest or other laan charges collecte�or to be collectad in connection with the
<br /> loan excecd the permittod limits,then: (u)any such loan charge shall be reduced by the amoant necessary to reduce the charge
<br /> ro the permitted limit;and(b)any sums already collectal from Borrower which exceeded permitted limits will be rcfunded to .
<br /> Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a dlrect
<br /> payment to Borrower. If a refund reduces principal, the retluction will be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.NoNces.Any notice to Bonower provided for in this Securiry Instrument shall be given by deliver�ng it or by mailing
<br /> it by first class mail unless npplicable law requires use of another method. The notice shall be directed to dis Property Address
<br /> or any other acldress Bonower designates by natice to L.ender. Any notice to I.ender shall be given by first class mail to
<br /> Lender's eddress stated herein or any other address I.ender designates by nottce to Bonower. Any notice provided for in this
<br /> Security Instrument shall be deemc:d to have been given to Bonower or I.ender when given as providcd in this paragreph.
<br /> 15.Governing Law; Severabfltty. This Sccurity Instrument shall be governed by federal law and the!aw of t6e
<br /> jurisdiction in which the Property is located. In the event that any provision or clause ot this Security Instrument or the Note
<br /> conflicts with appllcable law. such conflict shall not affect other provislons of this Security Instrument or the Note which can be
<br /> ! given effcct without the con8icting provision.To this end the provisions of this Security 1nst�vment and the Note are declared
<br /> to be severable.
<br /> 16.Borrower's Copy.Borrower shall be given one conformed wpy of the Note and of this Security Instrument.
<br /> Form 3028 9180
<br /> � Papo 4 ot 6
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