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<br /> _ _ — •
<br /> 98- 1�b
<br /> at the o�tion o� f.,endor, i� mortga�e ineurance cover�g� (in the �mount snd for the period thet Lendec raquiras)
<br /> proviJed by en insurer spproved by Lender e�ein becomse availsble end iA obt�ined. liorrower ehell pby the premiumA
<br /> reqi�iral to meintAin rrnortQeg� insurence in effect,or to provide e 1� reservo, until the reyuirement tnr mnrt���e
<br /> insurence�nd9 in�ccardanco with any written agreement betwan Aorrower and I.endar or e�plicsble lew.
<br /> 9. In9pection.Gender or ite egent mey make reesoneblo ent.ries upon end inspectione c�t tho 1'm�rty,I.onder�hall
<br /> gi vr,fiorrawer notice et the time of or prior to an inspection sF+ecifying reanonable cause tor tho inspecticm,
<br /> 10. L'ondemn�tion.'fhe prc,ceeds ot any awerd or cleim for deme�es,direct or conseqi�entiel,in conn�ctian with
<br /> any condemr��tion or other taking of any ��►rt of the Property,or for conveyance in lieu of c�ndemnetion, are hcrahy
<br /> assigned end shell be paid to l.ender.
<br /> In the event af e tot�l taking of the Property, tho proceede ehall be �pplied to ttie sum�s�c:ured hy thiA Security
<br /> Instrumert,wheti�or ar not then dutl,with nny excrss peid to Aorrower.In the avent of a partial tekine of tho Property in
<br /> which the fair m�rket value of the Property immediately betore tho ukinQ is equal to of�naater th�n tho xmaunt of the `
<br /> st�ms sxuraf by thie Security Inetrument immodiately bofore the takin�,unla�e Borrower and l.ender otherwiise agrw
<br /> in writing,the eums secured by this Sxurity Inetrument shall L•e raluced by the amount of the�roceeds multiplied by
<br /> the[ollowing trection: (a)the total amoune of the AumA secured immediately before the taking,divi�ed hy (b)the(air
<br /> market value ot the Property imme:liately beforo the teking. Any belance ehall be paid to Dorrower. In the event of a
<br /> partisl taking nf the Property in which the feir market velue of the Property immediatefy befora the taking is less than
<br /> che amount of the sums sec;ured immedintely before che tnking,unless B�rrowcr end Lender otherwise egree in writing
<br /> or unless applicable lnw oth�rwiae provides, the procceds shell be epplied to the eums securrd by this Security
<br /> Instrument whether or not the sums are then due. -
<br /> It the Property is abandoned by$orrower,or it,efter notice by Lnnder to Borrower thet the condomnor otfere to
<br /> make an ewerd or settle a claim for damages, Iiorrower fnils to respond to Lender within 30 days atter the date the
<br /> notice is given,Lender is authorized to collxt and epply the prceeeds,et its option,either to rastoration or repair ot the
<br /> Property or so the sums secured by thie Socurity Inatrument,whether or iiot then dik.
<br /> Unl��i,ander dnd H�rrower otherwix agree in writing,eny applicstion o�prceoeds to principal shall not cYtend or
<br /> postpone the duo dato ot the monthly payments referred to in paragraphs 1 and 2 or chan�e the amoiint of such
<br /> payments.
<br /> 1 I. Borrower Not Released; Forbe�rance By Lender Not� Wdver. Exteneion of the time for payment ar
<br /> mcxlitication of smortization of the�ume sxured by this Security Inatrument granted by L.endor to any euccessor in
<br /> interest of Barrower shall not operate to release thc liability oi the ariginal Bo�rower or Bottower's s��ccessors in
<br /> interest. Lender shell not be reyuired to commence procezdings against eny successor in interest or refuse to extend
<br /> time tor payment or otherwise modity amortiution of the sums secured by this Security Instrument by reaeon of any
<br /> demnnd mada by tho original Borruwar or Borrower's succesAara in interest.Any torbearance by Lender in oYercising
<br /> any right or remcdy ehell not be a waiver of or preclude the excrciso of any right or rernedy.
<br /> 12.Succeasoro and As�ijas Bound;Joint�nd Several Liability;Ccr�i=nera.The covenants and apreemertts
<br /> of thie Security Instrument shell bind and benetit the succeseors and nseiens ot' I.ender and Bonower,aubject to the
<br /> rr�v�a;nna nf�rA�rAnh 17.Iiorrowe�'s covenante and agreements ahdl be inint and se��eral.My Borrower who co-sifms
<br /> this Security Instrument but does not exxute the Notc: (a) ie co-signin�this Sxurity Instrument only to mort�a�e,
<br /> grant and convey that Iiorrower's interest in the Property under the terma of thie Security Inatrument; (b) is not
<br /> personally obli�eted ta p�y the aume secured by this Security Inetrument; and (c) a�ras that Lender and any other
<br /> IIorrowor may�gra to eYtend,modity,forbear or make eny eccommodations with re&ard to the terme ot thie Security
<br /> Instrument or the Note aithout tliat Borrower's consent.
<br /> 13. Loan Char�es. Tf the loan socured by this Security Instrument is subject to a law which sets maximum loan
<br /> charges, and thet law is {inelly interpretad so that the intarest or oth�r loan chargea collxted or to be collected in
<br /> connection with the loan oxceed the permittecl limits, th�n: (a) any such loan cherge Qhe11 be ralucod bp the amount
<br /> necessery to reduce the char�e to the permittal limit; and (b) any sume dready eallxted trom Borrower which
<br /> exceeded permitted limits wiU bc rafunded to Borrow�r. Lender m�y choase to m�ke this retund by reducing the
<br /> principel owed under the Note or by msking a direct paymont to$orrower.I{�rG!und reduces principal,the reduction
<br /> will ba treatai aa a partiat prepayment without any prepsyment chsrge uncier the Note.
<br /> l4. Notices.Any notice to Bottower provided for in thie Security Instrumtnt Fhall be gi��en by delivering it or by
<br /> mailing it bf first cless meil unless npplicable lew requir�s use of another method.The notice shtll be directed to the
<br /> Property Address or any other addresa Borrower des�gnetea by notice to Y.ender. Any nutice to Lender ehall be given by
<br /> tirsc cless mail to Lender's addrese stated herein or any other addreQS Lender dcsignatea b�� notico to Borrower. Any
<br /> notice provided[or in this Security Instrument shall be deemed to have been�iven to Narrower or L.ender when�ivcn
<br /> as provided in this paragraph.
<br /> IS. Governint Law;Severability.l'hie Security lnstrumentshall be governed by foderal law and the law oi the
<br /> juriediction in which the Property ie located.In the event thet nny provision or clause ot this Sacurity Instrument or the
<br /> Nota con[licte with appliceble lew,such conflict shatl not atfxt other provisions ot this Security Instrument or the IVote
<br /> which can be given effcet without the conflicting provision.To this end the pruvisions nf this Security Inatrument and
<br /> tha Note are declared to be severable.
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