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<br /> paymenu may no longer be requir�•1,at�hc option of Lcnder. if mongage lnsurunce covcragc(In thc amaunt and far the periai
<br /> that I..ender requlrts)provided by nn insurcr approved by Lerider s�galn becomes availabfe �nd is obt�incd. Borrower ehali pay
<br /> t�he premiums nquired to maintain mortgage insurance 1n effect,or to provlde a luss reserve,until the requl�ement for mortgage
<br /> insurance cnds in eccordance with any written agrament betwan Borrower and Lender or appllcable law.
<br /> 9,inspectlon,Lender or It�agent may malce reasonable entrie� upon end inspectlons of the Property, Lender shall givc
<br /> Borrnwer notice At thn time of or prior to an inspectlon speclfying nasonable cause for the tnapec[lon.
<br /> 10. (:ondemnation.The prceeeds of any award or claim for damages,direct or consoquenttal, in connectian with any
<br /> condemnation ot other tyking of any part of the Propeny,or for conveyanco in licu of condemnatton, are hereby essignat end E _
<br /> shxll be paid to Lender.
<br /> in die evcnt of e total taking of the Property,the proceeds�hall be appiied to the sums seoured by thia Security In�trument,
<br /> whether or not then due,witli any excess paid to Boaower. ln the event of a partial taking of the Propeay in which the fair
<br /> rnarket value af the Property Immediately befote the taking i�equal to oe gnater than the amount of thc suma sxured by this
<br /> Secudty Insttument lmmediately befon the taktng,unless Bonower and Lendar otherwise agree in writing,the sunu secured by
<br /> thia Security Instrument shall be reduced by the ainount of the prncceds multlplied by the following frnetion: (a) the total
<br />` amount of the sums sccurcd lmmedlately beforo the taking, divlded by(b) the fair market value of the Propeny immediately
<br />- before the taking. Any balance shall be paid to Bottower. In the event o:a partial taking of the Propecty in which the fair
<br />_ market value of the Property immailately before the teking is less than the amount of the sums secured imme�lat�ly tkfare the
<br /> taking,unless 8orrowor and LenJer otherwise agra in writing or unless applicable law othenvise providea, the procads shall
<br /> be appliecl to the sums secured by this Security Instrument whe�her or not the sums azc then due.
<br /> If the Pruperry is abandoned by Bonower,or if,after notice by Lender to Borrower that the condemnor offers to make an
<br /> award or uttle a cleim for damagas, Rorrower fails to respond to Lcnder within 30 days aCter thE date the natice is given,
<br /> Lender i�au¢horized to collect and apply tho proceeds,at its option,either to restoratlon or repair of the Propeny or to the suma
<br /> sxured by this Security Instrument,whether or not then duo.
<br /> Unless Lender and Borrower otherwise agrce in writing, any application of proc�ed+ to princlpal shall nat eatend or
<br /> postpone the due date of the monthly paymcnts refernd to in pazagraphs 1 and 2 or change thc amount of auch payments.
<br /> 11.Borrovrer Not ReleASed;Forba�rance By Lender Not �Walver.Extcnsion of the time for payment or modification
<br /> of amortizatian of the sums secured by this Security Instn►ment granted by Lender to any succ,�ssor in interest of Borrower shall
<br /> not operate to reloase the liability of the original Borrowcr or Borrower's successors in interest. Lender shall not be requi�ed to
<br /> commence procee�iings against any successor in interest or refuse to extend time for payment or othenvise modity amortization
<br /> of the sums secured by this Security Instrument by reason of any demand made by the orig[nal Borrowee or Botrower's
<br /> successors!n interest. My forbearance bY �ender in exercising any right or rem�dy shall nat be a waiver of or preclude the
<br /> exercise of any dght or remedy.
<br /> 12. Successore sad Nsigns Bound; Jo[nt and Sevenl Llability; Co-signera. The cavenants and agreements of thi�
<br /> Securiry Iastcutnent sTnall btad and benefit the successors and assigns of Lender and Borrower, subject to the pcovisions of
<br /> paragraph 17. Borroveer's covcnants and agreements shall be joint and sevaral. Any Borcower who co-signs this Security
<br /> Instrument but does not execute the Nota: (a) is co-signiug�hls Secudry Insuument only to mortgage. grnnc ued convey that
<br /> Borrower'a interest ln die PropertY under the terms of this Security Instcument;(b) is not pecsonally obligated to pay tha sums
<br /> sxured by thia Security Instiument; and(c)agrees that Lender and any other�otrower may�gra ro eztend, modify,forbear or
<br /> make any accummodations with reBard to the terms of this Sccurity Instn�ment or the Note wlthout that Borrowet's consent.
<br /> 13. I,oad CMrga. If the loan secured by this Securiiy Instmment is subjxt to a law whicti sets maximum loan charges,
<br /> and that law is finelly interpreted so that thc interest or other loan chuges collxted or to be collxted in connxtion with the
<br /> �oan�xc�ad the pemutte3 limits,then: (a)any such loan charge shail be reduced by the amount necessary to raiuce the chuge
<br /> to the permittod ltmit;and(b)any sums already collected from Borro�ver which excaded pern�ittod limlts will be refunded co
<br /> Borrower. Lender may choose to make this refund by rcduc�ng the principal owed under the Note or by malcing A d[rxt
<br /> payment to Borrower. [f a refund reduces principal, the rcduction will be treated a� a partial pnpayment without any
<br /> prepaym�nt cherge under the Note.
<br /> lA.NMices.My notice to Bortower pravided for in tht�Sceurity Instrument shall be given by del(vering it or by mailing
<br /> it by first clatis mail unlr.ss applicable law requires use of azather method.The notice shall be directed to the Propercy Address
<br /> ar any other addnss Borrower designates by notice to Lender. Any notice to I.ender shall be given by first class mail to
<br /> Lcndor's address stated henin or any other address L.ender designates by notice to Borrower. Any notice pmvidal for in this
<br /> Security Instrumcnt shall be deemed to have been given to Bortower or Lender when given�s providcd in this paragraph.
<br /> 15. Governiag I.aw; Severabllity. This Security Instrument shall be g�verned by faleral law and the law of the
<br />—" jurisdiction in which the Propeny is located. In the event that any provision or clause of this Security Instrument or the Note
<br /> confliets with applicable law,such conflict shall nat affect other provisions of this Security Instcument or the Note which ean Ue
<br /> -- given effect without the conflicting provision. To this end the provisions of tlils Sxudty instrument and che Note are declared
<br /> to be severable.
<br /> " 16.Borrower's Copy.Bonower shall be given one conformed wpy of the Note and of this Security Instrument.
<br /> - Fom,ao2a aiso
<br />.__ �BRINE)�e��s�.oi /p�4 of B INUMt�
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