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<br />`��; ;� • 9, Ins(�ection, l.ender or its agent may make reasonable entries upon and ins�ections of the Property. Lender shall
<br />- • - � glve Borrower notice at the time of or prior to an inspectlon s{�ecitying reasonable cuuse for the inspectian.
<br /> T�,i�.'� 10. Condemnatlon. The pr o c e e ds o f any award or e[aim for damages, direct or consequential, in co�ection with
<br />-���. ' any condemnation or other taking of any part of the Property, or for c:onveyance in lieu of condcmnation, are here by
<br /> _:-=Yg`�='�. assigned and shall be paid to Lender.
<br /> � In the event of u total taktng of the Property, the p:oce�ds shall be applied ro the surns secured by this Security
<br />`_�"��� Instrument, whether or not then due,with any excess paid to Borrowcr. In the event of a partial caking of the Property In 2
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<br /> _'� whlch the fair market value of the Property immediately before the taking is equal to or. gfeater than tlie amount of the
<br /> sums secured by this Security [nstrument lcrunedlately before the taking, unless Bonower and Lender otherwise agree in
<br /> writin�, t he sums secur e d b y t h i s S e c u r i t y l u s t r ument shall be reduced by the amount of the Qroceeds multiplied by the
<br /> �.,�'. followmg fraction: (a)the total aznount of the sums secured immediately before the taking,div�d e d by (b)t he fair m a r k e t
<br /> � vdue of the ProQerty immediately before the taking.Any balance shall be paid to Borrower.ln the event of a partial taking
<br /> � �� �•�•� of the Property�n which the fair market�alue of the Property imn�ediately before the taking is less than che amount of the
<br />���'�Yf� ` � aums secured inunediately before the taking, unlese Borrower and Lender otherwise agree m writing or unless applicable
<br /> '-`'�"��'r''_` law otherwise rovides, the procceds shall be applied to the sums secured by thls Securtty Instrument whether or not thc
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<br />--==A���•, sums are then ue.
<br />.-:•�;"�`-;;� If the Property ie abandoned by Borrower, or if,after notice by i..ender to Borrower that the condemnor o ers to
<br />•`;�'��S'r,'t�: make an award or settle a claim for damages,Borrower fails to res�ond to I.ender within 30 days after the date the notice
<br /> ..��'�.� � is given, Ixnder is authorized ro collect and apply tl�e procceds, at rts option,either to restoration or repair of the Propeny
<br />;p=�:�;ivb ar to the sums secured by this Security Instrument,whether or not than d cation af roceeds ro principal shaU not extend or
<br /> ;Y��C • Unless Lender and Bonower otherwise agree in writing, any pp P
<br /> ;s.-r��:;:., postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change�he amount of such payments.
<br /> -�" �• 11. Borrower Not Released; Forbe�xrance By I.ender Not a Waiver. Extension oF the time for payment or
<br /> '`"` modification of amortization of the sums secured by diis Security Instrument granted by Lender to anY successor in interest
<br />-^';�t, of Borrower shull not operate ro release tlie llability of the origmal Borrower or Bonower's successors m interest. l.ender
<br />-°��-�?:� '.e.� shall not be required to commence proceedings against any successor in interest or retuse to eatend time for pa ment or
<br /> -.��,``;:�-= otherwise modify amortizution of the sums secured Uy this Security Instnunent b� reason of any demand �e by the
<br />"•;-,�,�-rR� original Bonower or Borrower's successors in interest. Any forbearance by L.ender in exereising any nght or remedy shall
<br /> - not be a waiver of or preclude the exercise of any right or remedy.
<br />•-•�:��-�a 12. Successore and Assi�ne Bound;Jotnt end Scveral LiabUlty; Co-slgners• 'Ilie covenants end agreements of
<br />:_�:�=-=-• this Seeurity Instcument shall bind and benefit the suecessors and assigns of I..ender end Bonower, sub ee[ ro the
<br /> � . 5.'�' s
<br /> __���: provistons of paragraph 17. Borcower's covenants and agrcements shell be�oint and severd. Any Bonower w o co-signs
<br /> �-=�'.'��� this Security Instrument but dces not execute the Note:(a)is co-signing this Security Insuument only to mortgage, grant
<br /> v---��"� wd convey that Aonower's interest in the Property under the terms of this Security Instrument (b) is not personally
<br /> .7t�� obligated to pay the sums secured by this Secunty Instrumenr and(c) agrees that I.ender and any other Bonower may
<br /> -- ogrec to extend, modify, iurucne or na;:�any awom.m�'!�'•�"n-`w��h reaard to the temis of this 5ecunty Instrument or the
<br />__��j Note without that Boaower's consent.
<br /> 13. Loan Charges. If the loan swured by this Security Instcument is subject to a law which sets maximum loan
<br /> W .--� charges, end that law is finally interpreted so that the interest or other loan charges wllected or to be collected in
<br /> -,;�x�e,�s wnriecuun wUh the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br /> ,vyv,�_��� sums alread collected from Bonower which excecded
<br /> necessary to reduce the charge to thepe rmitted limit; and(b) any Y,
<br /> -=Y"'�'�; permitted limits will be refunded to Borrower. Lender may choose to make this refi�nd by reducing the principal owed
<br /> ___w=�r�� under the Note or by making a direct payment to Borrower, If a refund reduces principal,ihe reduction will be treated as a
<br /> __;---x��-- partial prepayment wtthout any prepayment charge under the Note.
<br /> ,r__�^�.��� 14.Notices. Any n�tice to Borrower provided for in this Security tasttument shall be given by delivering it or by
<br /> mailing it by first class mail unless applicable law requires use of another method• 'I'tu notice shall be direc�ed to the
<br /> ��"""""�� Propert�Addres�or any other address Bonower designates by notice to Lender. Any notiue to Leader shall be given by
<br /> � --°' first class mail to Lender's address stated herein or any other address Lender deslgnates by notic�to Borrower.Any notice
<br /> - provided for in this Security Instrument shall be deemed to have been given to Borrower ar I.ender when given as provided
<br /> ' m this paragraph.
<br /> �"�"��a 15. Governing Lew;Severability. This Security Instrument shall be governcd by federal law and the law of the
<br /> '- --=_� urisdiction in wbich the Property is located. In the event that any provision or clause of thle Security Inetrument�r thc
<br /> - .__���j �ote conflicts with appflcable law,such conflict shall not affect other provisions of this Security Instnunent or the Note
<br /> - _��,^��, which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> ���,�.�� Note are declared to be severable. of the Note and of this Security Instcument.
<br />�-;�;.� 16.Aorrower's Copy. Bonower shall be given one confornxd copY
<br />_.:,�;:�rW� 17. TYansfer of the Property or a Beneficial Interest in Horrower. If all or any part of the Property,or any
<br /> -="3-=�'� � interest in it is sold or transferred(or if a beneficial intecest in Borrower is sold or tcvisferred and Borrower �s not a
<br /> --- —_� natural person)without I.ender's prior written consent,Lender may,at ets option,require immediate payment in full of all
<br /> ="'-s"�`"'•�.+ aumv secured by this Security Instrument. However, this option shall not be eaercised by L.ender if exercise is prohibited
<br /> ����;;� ; by federal law as of the date of this Sec:urity Instrument. •
<br />,:t���i.•�-;; If Lender exercises this option, L.ender shall give Bonower notice of accelerution.'Ihe notice shall provide a period
<br />_:;�...�.n,.r� of not less than 30 days from the date the notice is delivered or mailed within which QonoweFo mu 3o2e 9/so I�e a ot s
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