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<br /> payments may no longer be required, at the optian of Lender, if martgage insurnnce coverci�e(in the wnount and for the perlad
<br /> that Lendcr requires)provided by an insurer uppraved by Lender aguin becomes available and iR obtuined.Borrawer shull pay
<br /> thc premiums rcquired to muintain mortgage insurnnce in effect,or to pravidc n lass reservc,until the rcquirement for martgage
<br /> insurance endc in u�roordanc�wtth any written ngrecmcnt between Borrawcr cnd Lendcr or applicnbte law.
<br /> 9.lnspect�an. Lender or ite ngent may makc rcusonable cntries upan and inspecd�ms of Uic Praperty. i.cnder shull give r
<br /> Borrawer notice at the time of or prior to an Inspection specifying rcasonable cuuse fur tlie inhp.:ction.
<br /> 10. Condemnwtlon. The proceals of uny award or claim for dunagex. direct or conK:quentiul, in connatton with any
<br /> condemnation or other taktng af any part of the Prope*ty.or for convcyance in I{eu of candcmnation,are hereby assigned And
<br /> s6nll be paid to L.ender.
<br /> In th�event of a total taking of the Property,the procads shall lx:applied to the sums secured by thi5 Security Instrument.
<br /> whether or not then due, with sny cxcess pald to Borrowcr. In the event af a purtisl taking of the Propertv in which the fair
<br /> market value of the Property immediately before the taking is cquul to or greatcr thwi Qie wnount of the scros sccurcd by this
<br /> Securlty Instrument immcdiately beforo th�teking,un(ess Bonower and Lender otherwlsc ugraa in wr�ting.the wms secured by
<br /> this Securlty Instrument shall be mduced by the amount of the proceeds multiplied by the follawing fraction: (a) the total
<br /> amount of the sums secured immaliatcly before the tsking, divided by(b) the fair msrket value of the Properry immedtately
<br /> before the taking. Any balance shaU be pald to Bonower. In the event of a partial taking of the Property in which the fair
<br /> market value of the Property immaliutely before the taking is less than the amount of the sums secural immediately br,fore the
<br /> taking, unless Horrower and Lender atherwixe agree in writing or unless epplicuble law otherwise provides, the proceeds shall
<br /> be applied to the sums secured by this Security Instrumcnt whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower. or if,after notice by Lender ta Bonower that the condemnor offers to make an
<br /> award or settte a claim for damages, Honower fails to mspond to Lender within 3Q days after the date the notice is given.
<br /> Lender is authorized to collect and apply the proceeds.at its option,either to restoration or repair of the Property or to the sums
<br /> secured by this Security lnsuument,whether or not then due.
<br /> Unless L.ender and Boaower otherwise agree in writing, any application of proceads to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of sucli payments.
<br /> Il.Bomower Not Relewsed;Forbearance By I.ender Not a Wa[ver.Extension of the time for payment or modl�cation
<br /> of amortizatlon of the sums secure�by this Secudty Instcvment grnnted by Lender to any successor in interest of Borrower shall
<br /> nat operate to release the liability of thc original Borrower or Borrower's successors in interest.L,ender shall nat be required to
<br /> cQm�n�p grxexxiin�s egainst any successor in interest or refuse to extend time for payment or othenvfse modify amortizatIon
<br /> of the sums secural by this Security Instiument by reuson of any demarni made by the originai Borrower or tiorrowcr's
<br /> successors in intenst. My forbearance by Lender in exercising any right or remedy shall not be a waiver of or precluda the
<br /> exercise of any right or romedy.
<br /> 12. Succe.ssors aad Asstgng Bound;Joint and Several Lt�bWty; Casigners. The covenants and agr�xments of this
<br /> 5ecurity Instrument shall bind and benefit the successors and assigns of Lender and Bonower, subject to tlie provisions of
<br /> paragraph 17. Bortower's covenants and agreements shall be joint and several. Any Borrower who w-signs this Secur[ty
<br /> Instrument but doss n�t execute the Note: (a) is co-signing this Secudty Instniment only to mortgage. grant end convey that
<br /> Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> sccurod by this Securlry Insuument;and(c)agrces that Lender and any othcr Borrower may agra to extend,madify,forbear or
<br /> make any accommalations with regard to the terms of this Security Instrument or the Note without thut Bonower's consent.
<br /> 13.Loan Charges. If the I�an secured by this Secudty Instrument?s subject to a law which sets maximmn loan cherges,
<br /> and that law is finally interpreted so that the interest or other loan charges wllected or to be collected in cormection wttlx the
<br /> loan exceed the permitted limtts,then: (a)any such loan charge shall be reduced by the amount necessary to reduce tha charge •
<br /> to the permitted limit;end(b) any sums already collected fr�m Botrower which exceeded permittal limiu will b�refundal to
<br /> Borrower. Lender may choose to make this refund by reducing the pdncipal owed under the Note or by making a direct
<br /> pAyment to Bo�rrower. If a refund reduces principal, the ceduction will be treatal as a partial prepayment without any
<br /> : prepayment charge under the Nate.
<br /> 14.Nottces.Any notice to Bonower provided for in this Security Instn�ment shall be given by deyivering it or by muiling
<br /> - it by first class mail unless applicable law requires use of another method.The nottce shall be dircxted to the Property Address
<br /> or any other address Borrower designates by notice to Lender. Any notice to I.ender shall be given by first class mail to
<br /> � Lender's address stated herein or nny other address Lender designates by notice to Borrowcr. Any notice pravided for in this
<br /> � Security Instrument snall be deemed tu have been given to Borrower or L.endcr when given as provided in this paragraph.
<br /> i iS.Governing Law; Severability. This Security Insuument shalt be governad by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of tf�is Security Instivment or the Note
<br /> ' conflicts wIth applicable law,such conflicY shttll not affect other provisions of thls Security instrument or the Note which can be
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are decla�ed
<br /> � to be severable.
<br /> ; 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Secudty Instn�ment.
<br /> Form 302B 9190
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