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<br /> 98-�izb�2
<br /> ' paymcnts may no longcr be rcquirul,at Ihc option of Lendc�,if manqngc insurancc coveragc(in the amount and for the period
<br /> that Lcndcr requires)providcd by an insurer approvcd by Lcnder agaln bccomcs avuilablc and is abtuincd. Borrowcr shall pay�ha —
<br /> prcmiums rcc{uireci w maintain mongagc iosurancc in cffcct, or to providc u loss �rscrvc, until thc rcquircmcnt for mongagc
<br /> insurancc cnds in t�ccordancc with any wriucn agramcnt bctwccn Borrowcr and Lcndcr or applicublc law,
<br /> 9.Inapectbn. Lcndcr or i�s agcnt may maka rcusonablc cntrics upan su�d inspcctions of ihc Yropcdy. l.cndcr shNl givc
<br /> sorrower notia at the time of or prior to an inspection specifying rasonable cause for the inspection.
<br /> 10,Condemnwtion. The proceeds of any award or claim for dnmages,direct or conseyuentinl, in connection wilh any —
<br /> condemnadon or olher udcing of any part of the Propeny.or far canveyance in lieu�f condamnation,ure hereby assigne�l and
<br /> shall bc paid to Lcndcr.
<br /> In thc cvcnt of a total taking of thc Property,�he procceds shall bc applicd to thc sums scdurcd by�his Scxurity lnsvument, '
<br /> whcther or not thc:n due,with any cxccss p�id to Borrowcr.[n thc cvcnt of a partial taking of thc Pra�cny in which the fair market
<br /> valuc of the Property immedistely before thc teking is cc{unl to or grcatcr than the sunoum of thc sums securcd by this Security
<br /> Insuumcnt immecilatcly bcforc the taking, unlcss Borrower and L.endcr otherwisc agrcc in writing,the sums sccurcd by this
<br /> Sccurity Inst�ument shall bc rectuc,�d by the amount of the proca�.ds multiplicd by the following fractian: (a)the total amount of
<br /> ihe sums securcd immediatcly bcfarc �hc �alcin�,divided by (b) 1he fair markct valuc of the Property immcdiatcly bcforc Ihc
<br /> talcing.Any balance shall bc paid to Borrower.In Ihe cvent of a pareial taking of thc Property in which the fair market valuc of the,
<br /> Pmperty immediately bcfore the taking is less lhan Ihc amount of the sums sccured immcdiatcly befaro the t�lcing, unkss
<br /> Borrower and Lcnder othcrwise agrcc in writing or unless applicable law othecwise providcs,lhc procceds shall be applied w thc
<br /> sums sccured by this 5ceurity Instrument whelher or not the sums are then duc.
<br /> If thc Property is abandoned by Boaowu,or If, aQer naticc by Lcndu ta Borrowcr thAt the con�Cmnor offcrs to make an
<br /> award or settle a cloim for clamugcs,Borrowcr fails to respond w l.cndcr within 30 days aftcr thc date ihe notice is givc�,Lender
<br /> is authorized to collect and apply the procoeds,et ics option,cither to restoration or rcpair of the Property or w the sums secured
<br /> by this Sxurity Inswment,whethu or not then dua
<br /> Unlcss Lendu and Boaower othc,�wise axree in writing,er►y applicadon of proceeds to principal shall nol extend or postpone
<br /> thc due date of the monthly payments rcfcncd to in paragrt�phs 1 and 2 or changc th�amount of such paymen�s.
<br /> 11.BorroMer Not Itekased;ForbeArance By[.ender Not a Waiver. Extension oF the tim� for payment or modification
<br /> of amortization of 1he sums socured by this Sxurity Insuument granud by I.ender W any successor in int�erest of Borrower shall
<br /> not operat�to release the liabiliry of the original Borrowu or Borrowcr's successors in interes4 Lender st�all not be tequired to
<br /> commu�cc procoedings against any successor in inlcrest or rcfusc to exu;nd dmc for paymcnt or othcrwisc modify amortizapon of
<br /> the sums socurcd by this Sceurity Insuument by reasan of any demand made by the original Borrower or Borrower's successors
<br /> in intcrest.Any forbcarance by Lendcr in cxcrcising any right or remedy shall not bc:a waiver of or precludc tl�c oxercisc of any
<br /> right or remexiy.
<br /> 12.Successora and Assiqns Bound;Joint Rnd Several Linbility;Ca•signers. The covenanis end agroements of this
<br /> Sceurity Inswment shall bind and benefit ihe successors end assigns of Lencler anu ttorrower, suujece b the provisions oi °
<br /> paragraph 17. Borrowcr's covenants and agrocments shall bc joint and severnl. Any Borrower who co-signs d�is Security
<br /> Instrument but does not exxute the Note: (a) is co-signing this Scxurity Instrument only w mongege. gru►t and convey that
<br /> Borrowcr's interest in thc Property under thc tcrms of this Security lnswmcnt;(b)is not personally obligeted tn pay the sums
<br /> secural by this Security Instrument;a�►d(c)eBras that Lender and any other Bormwer may ugroe eo extend.modify,Forbr,�r or
<br /> make ar►y accommodadons with rcgard to ihe terms of this Securiry Insavment or the Note without that Borrower's consen�
<br /> 13.Loan Clu�rqes. If thc loan sccurai by this Sxuriry Instrumcnt is subjec:t w a law which scts muimum loen charBas.
<br /> and that Iaw u CmeUy interpreted so that ihe interest or other loan charges wUxted or to be colbcted in cow�ection with the loan
<br /> exceed the pamitud limits,thea:(a)eny such loen cherge shall be ralucxd by the amaunt necessary to reduce the charge to the
<br /> permiued limi�and(t►)any sums already collccted from Borrowcr which cxcccded permiued limits will be rofunded W Borrower.
<br /> Lcnder may choose to make this refund by roduc:ing the principal owed undcr the Note or by making a diroct payment no
<br /> Hortower. If a refund reduccs principal, the ceduction will be treatal as a par[ial PrepaYment without anY pre�aYma�t cherge
<br /> under the Note.
<br /> 14.Notka. My notia to Borrowa providal for in ihis Socurity Insuumcnt shall bc given by delivering it or by mailing it
<br /> by Cust class mail unlcsa applicabk law requires use of anothu method.Thc nolice shall be diroctod lo tttc Propctty Addrass or
<br /> any othu a�ldress Borrowec designates by notice w Lenda.Any notice to Lender shall be given by Cirst class meii w l.ender's
<br /> address stated herein or any other oddress Lcnder designatcs by n�pce to Borrowcr. Any notice provided for in this Security
<br /> Inswment shall be doGmecl to have been given to Borrower or Lender when given as pcovided in this paragraph.
<br /> 15.Covernin`Law;Severability. 'Il�is Securiry Insuumcat shall bc govcmcd by fcdcral I�w end the law of the
<br /> jurisdiction in which the Property is locauxl. In�he event that eny provisi�n or clause of this Securiry Inmwnent or the Not�e
<br /> conflicts with epplicablc law,such coMict shall not aftcct othcr prbvisions of this Sxurity Inswmcnt or thc Note which can be
<br /> given effcct without the contlicting provision.To�his end the provisions of this Security Inswment and the Note are dxl�rod tc�
<br /> be seveiable.
<br /> FotM�02t 9IO0
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