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<br /> payments may no longcr Ge required,at the option of'Lendcr, if mortgage insTirance coverugc(in thc amount and for thc period
<br /> that Lender rrquires)providal by an insurer upprovcd by Lender again becomes Avallablc and is obtained. Borrower shail pay
<br /> the prcmiums requirai to maintafn n�ortgage insurance ir�e.ffect, or to providc a loss reserve,until tha requirement for mongage
<br /> insurunce en�is in accordance wilh any written agreement between Borrower and Lender or upplicnble law.
<br /> 4. InapeMlon.Lender or itc agent may makc reasonublc entrics upon and inspections of the Property. Lcndcr shull give
<br /> Borrow�r nodce st the time of or prior tu an inspection specifying reasonable causc for[he inspection,
<br /> 10. CnndtmnAtlan. The proceais nf any award ar cluim for damages, direct or consequentiul, in connection with any
<br /> condemnation or other tuking of uny part of�he Properly,or for conveyance in lieu of condemnution, are hereby assigned and
<br /> shulf be puid ro L.endcr.
<br /> In thr event of n mttd tnking of th�Property,thc procceds shnll bc npplicd to thc sums sccurcd by this Sccurity histrumcnt,
<br /> whcther or nut then due, with any excess paid to Borcower. In thc event of a panial taking of,thc Propeny in which thc fnir
<br /> market vulue of the Propcny immediately before the taking is cquul to or grcatcr than the umount of the sums secured by this
<br /> Security Instrument immediately before the taking,unless Borrower and Lendcr otherwise agrce in writing, the sums secured by
<br /> this Security Instrument shall be reduceci by the Amount of the proceecis multiplied by the following fraction: (u) the total
<br /> amount af the sums secured imnxdiately before thc taking, divided by (U) the fair market vulue of the Property immediately
<br /> beFore the taking. Any balance shall be pa�id to Borrower. [n the event of a partial taking of the Propeny in which the fair
<br /> market value of the Propeny irnmediatcly before the taking is less than thc amount of thc sutns secured immediately bcfore the
<br /> taking, unlass Borrower and Ixixler otherwise agree in writing or u�iless applicable law�therwise provides, the proceeds shall
<br /> be applied to the sums securcd by this Sccurity Instrument whether or not the sums are then due.
<br /> iF the Froperty is abandoned by Borrower, or if,after natice by I.ender to Borrower that the condemnor offers to make an
<br /> award or settle a claim for dumages, Borcower fails to respond to Lender within 30 days after the date the notice is given.
<br /> Lender is authorizod to callect ancl apply the proceeds,at its option, either to restorntion or repair of the Property or to the sums
<br /> secured Uy tliis Security Instrument,whether or not then due.
<br /> Unless Lendcr and Borrower othenvise Agree in writing, any application of proceecis to principal shnll not extend or
<br /> postpone the due date of thc monthly payments roferred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11. Borrower Not Reles�scd; Forbearance By I.ender Not a Watver. Extension of thc time for payment or mcxlification
<br /> of amortizetion of the sums secured by this Security Instrumant granted by I.ender to any successor in interest of Borr�wer shall
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> commence proceeciings against any succ.�ssor in interest or refuse to extend time for payment or otherwise modify amorti�tion
<br /> of the sums sxured by this Security Instrument by reason of any demand madc by the original Boirawer or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising any right or rerncdy shall not be a waiver of or preclude the
<br /> exercisc of any right or remaly.
<br /> 12. Successors qnd Assigns Bound; Joint and Several Liubll(ty; Co-signers. The covenants and agreements of this
<br /> „;:.ur.ty Instrs:�:,cni �ha!! �:si� a:�!ber.e:is the �a�.so:s s::d »..�s':g^� of Lend�r 2r.� !��rrower; sub�ect to the provisions of
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower wbo co-signs this Security
<br /> Instrument but does not execute tlie Note: (a) is co-signing this Security Instrument only to mortgagc, grant and convey that
<br /> Eorrower's interest in the Property under the temis of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> securod by this 5tcurity Instrument;and(c)agree.s that Lender and any other liorrower may agree to exte�xf, modify, forbear or
<br /> make any accommodations with regard to the terms of this Security Instrument or the Note without thut Borrower's consent.
<br /> 13. Loan Charges. If the laan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or othcr loan eharges wllectai or to be wllected in connection with the
<br /> loan excced the pertnitted limits, then: (a) any such loan charge shall be reduced by the amount neccssary to reduce the charge
<br /> to the permittal limir and(b)any sums already callected from Borrower which exceecled permitted limits will bc refunded to
<br /> Borrower. L.ender may choose to make this refund by reducing the principal owod under die Note or by making a direct
<br /> payment to Borrower. If a refu��d reduces principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under tht Note.
<br /> � 14.Notkes. Any notice to Borruwer Qrovided for in this Sec:uriry Instrument shall be given by dclivering it or by mailing
<br /> it by Gtst class mail unless applicable !aw requires use of anothcr method. The noticc shall be directed to the Property Address
<br /> ;. or any other eddress Horrower designates by notice to Lender. Any notice to Lcnder shell be given by first class mail to
<br /> Lender's address stated herein or any other address L.cnder dcsignates by notice to Borcower. Any notice providod for in this
<br /> Sxurity Instsument shall be deemed to havc been given to Borrower�r Lender when given as providod in this parngraph.
<br /> 15.Governing Luw; Scvernbllity. This Security Instrument shall be governed by fcderal law and the law of the
<br /> { jurisdiction in which the Property 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 not affect other provisions of this Security lnstrument or the Note wl�ich can be
<br /> given effect without the conflicti�zg provision. To this end the provisions of this Security Instrument and the Note are dec:lared
<br /> � to be severable.
<br /> . 16.Borrower's Copy. Borrowcr shall be givcn une conformed copy of the Note and of this Seciirity Instrumcnt,
<br /> Fam 3028 9I9Q
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