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<br /> payrnenis may no longcr be requireci,at the aption af l.ender,if mortgagc insurancc coveragc(in thc amount and for ttic period
<br /> that L,ender requires)provided by an insurer approval by I..tnder again becomes uvailable and is obtained. Horrower shell pay
<br /> the prer�iums required to maintain mortgdge insurance in effect,or to provide a loss rescrve,until the reyuirement for mortgage
<br /> insurunce e�ufs in accordanc�with nny written ugreemcnt betwcen Borrower and Lender or applicable la�v.
<br /> 9. InspecNon. l.encier or its ngent may make rcasonablc cntries upon nnd inspcetions of thc Property. [.endcr sliall give
<br /> Rorrower notice at the time of or prior to an inspection specifying reasonabie cause for the inspection.
<br /> 10. Condemnatlon. The proceals of any award ar claim for damages, direct or consequential, in connection with any
<br /> condemnation or other taking of any part of the Property, or for canveyance in lieu of condemnation, are liereby assigned aad
<br /> shall bc paid to C,ender.
<br /> In thc cvent of a totnl tnking of the Property,the proceeds sh�ll bc applied to thc sums secured by this Sccurity Instrumem, -
<br /> whether or not then due, with any excess paid to Borcower, In the event of a partial taking of the Prop�ny in which the fair
<br /> market value of the Property immediate.ly before the taking is equal to or greater than the umount of the sums secured by this
<br /> Security Instrument immediately before the taking, unlcss 13orro�ver and Lender athenvise agree in writing,the sums securecl by
<br /> this Securit,y Instrument shalt be rexluced by the amount of the proceeds multiplied by the following fraction: (a) the total
<br /> amount of tho sums secured immediately before the taking, divided by (b) the fair market vulue of the Property immedi�tely
<br /> beforc the teking. Any balnncc shall be paid to Borrower. In thc cvcnt of a partial tnking of the Property in which the fair
<br /> inarket value of the Property immedistely before the taking is less than the amount of the sums secural immediatcly before the
<br /> taking, unless Borrower and Lender otherwise agree in writing or unitss applicablc law otherwise provides. the proceeds sliall
<br /> be applied to the sums secured by this Security Instrument whether or not the sums nre then ciue.
<br /> If the Prop.,rty is nbandoned by Borrower,or if,after notice by Lender ro Borrower that thc cuixlemnor offers to make an
<br /> award or scttle a claim for dam��ges, Borrower fails to respond to l.cnder within 30 Jays uRer thc d�te the notice is given,
<br /> Lender is authoriud to cnllect und apply the proceeds,at its�ption, either to restoration or repair of the Property or to the sums
<br /> secural by this Security Instrunxnt,whether or not then due.
<br /> Unlcss Lender anJ A�xrowsr otherwisc agra in writing, any application of proceeds to principal shall not extend or
<br /> �xistpone the due datc of Ihe monthly paymenls referred to in puragruphs I anci 2 or chunge thc amount of such payn�ents.
<br /> 11.Hom►wer Nol 6�tdrn�ed;Fort►a�rnnce By l.ender Nat w W�iver. Extuision af thc time for�aymcnt ur mcxlification
<br /> af amortization of the sums sccural by this Securiry Instrument grantM by Lendcr to any succesu�r in interest of Bo�TOwer sMall
<br /> not operate to release the liubility of the c�riginal Borrowcr or Borrower's successors!n interest. Lender shall not be requirod to
<br /> commencc wroceedings against any successor in interest or rePusa to extend time for payment or otherwiu madify amortizution
<br /> of thc sums securec! by this Security Instrument by reason of any demand made by thc original Borrower or Borrower's
<br /> successors in interest.Any forbearance by I.ender in exercising any right or remedy shnll not be a waiver of or preclude the
<br /> exercise of any right or remedy.
<br /> 12. Successors �nd Assigns Bound; Joint s►nd Several LiAbility; Co-slgners. The covenants end agrecments of this
<br /> L._.�
<br /> Security Instrument shell bind and benefit the successors and essigns oi I..endcr uud BorrowC�, su��e«io tiic p�oYis�ons o
<br /> paragraph 11. Borrower's covenants and agreemsnts shall be joint and several. Any Borrower who co-signs this Security
<br /> Instrument but das nnt execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that
<br /> Borrowa's interest in�he Property under the tertns of this Secutity Instrument; (b)is not personally obligated to pay the sums
<br /> secural by this 3ecurity Instrument;and(c)agrees that Lender and any othcr Borrower may agree to extend, modify,furbeiu or
<br /> make any accommodations witb regard to the tenns of this Security Instrument or the Note without that Borrower's consent.
<br /> 13.Loon Ciwirges. If the loan secured by this Security Instrument is subject to a law wt�ich sets maximum loan charges,
<br /> and that law is finally interpreted so that the intorest or other loan charges collected or to be collectod in connectiun with the
<br /> loan excxd the permittal limits, then: (a)any sucl�loan charge shall be nxiuceci by the amount necessary�to redua the cl�arge
<br /> tu the peirnitted limit;and(b)any sums already collected from Borrower which excceded permitted lirnits will be rcfui�dod to
<br /> Borro�ver. I.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a panial pttpayment without any
<br /> prepayment charge under the Note,
<br /> 14.Notices.Any notice to Borrower provided for i�i this Security lnstrument shall be given by delivering it or by mailing
<br /> it by first cless mail unless applicablc law requires use of another method. The notice shall be directod to the Property Addras
<br /> or any other addre�ss Borrower designntes by notice to Lender. Any notice to I.ender shall be given by first class mail to
<br /> Lender's address statal herein or any other address I,ender designates by notice to Borrower. Any netice provided for in this
<br /> Security Instrument shall bc deemed to have been givcn to Borcower or Lender when given as providad in this paragraph.
<br /> 15.Governtng I,�w; Sevembility. This Securiq� Instrument shul! be governed by federal taw and the Iaw of th�
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security lnstrument or the Note
<br /> cont�icts witli applicable law, such conflict shall not affect other provisions of this Security instruittent ot thP Note which can be
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrurnent and the Note are declared
<br /> to be sevenible.
<br /> 16.Sorrower's Copy.Barrower shall tx;given o��e conformed copy of the Note and of this Security Instrument.
<br /> ' Fwm 3028 9190
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