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� ��15��44� any reas�n, the mor�gage �nsurance caverage required by Lender lapses ar ceases to be iri effect, Barrawer sha�� pay the prem�ums required ta obtazn coverage sub�stantially equivalen� �� he mor�gage xnsurance pre�zously zn effect, a� a �os� subs�an��ally equ�va�en� �� h� �os� �� Borrower �f the mortgage �nsuranc� prevxausly in effec�, from an alt�rna�e mar�gag�insurer a�pr��ed by Lender. If subs�antia��y equ�va�ent m�r�gage�nsurance coverage is n�� a�az�ab�e, Borrower shall pay to Lender each mon�h a sum equa� to onewtwelfth of the year�y mor�gage insurance premium be�x�.g pa�d by B�rrower v�hen the insur�nce co�verage �apsed or ceased to be �in effect. Lend�r w�x� accept, use and retain these paymen�s as a �oss reserve �n ��eu of moz-�gage �nsurance. Loss reserve payments may no longer be requi.red, at the optz�n of Lender, if mor�gage insurance cov�rage �in �he amoun� and f�r �h� per�od�hat Lender requires�pravrded by an insurer appro�ed by Lender again be�omes ava��ab�e and xs �b�azned. Borrower shall pay the premiums required to maintain mar�gage insurance in effect, or to pr��d� a Ioss res�rve, until the requirement far mor�gage insurance ends �n ac�ordance vv��h any vvr�t�en agreem�n� between B�rrovver and Lender�r Applzcab��Lavv. Inspec��on. Lender ar i�s agen�may make r�asanabl� entries upan and inspections af�he Praperry. Lender sha�� gzve Barravver natice a��he txme of or pr�or�o an�nspectz�n spec�fying reas�nable cause far�he�nspec�i�n. Cond�mna��n. The proce�ds of any award�r c�aim for damages, direct or consequen�ial, �n c�nnec�ion wi�h any condemna�ion or nther taking of any par��f�he Proper�yy flr fflr conveyan�� in lxeu of condemna�ian, are hereby assibned and shall�be paid to Lender. �n �he ��en� of a�o�al �aking nf the Proper�y, the pr�ceeds shal� be ap�lied to the sums secured by th�s Secur�ty Znstrum�n�, whe�her �r na� �hen due, wz�h any exces� pa�d �o Bnrrower. �n �he e�en� �f a par�ial tak�ng af�he Property in which�he fa�r marke�value �f the Properry zmmed�ate�y before the taking is equa��o or grea�er than the am.ount of�he sums secured by this Se�urx�y �nstrumen� imm�diate�y before �he �aking, unless Borrower and L�nder othervwise agree in wr��zng,�he sums secured�y th�s Se�urity Ins�rument shall be r�du�ed by th�amount�f � the�raceeds mu�tiplied by�he fo��owing fraction: �a��he�o�al amaunt of�he sums secured immediately b�fore�he taking, d�vided by �b} �he fair marke� �aiue of�he Pr�perty immed�afie�y before the tak�ng. Any �alance shall �e paxd�o Barrower. �n�h� e�ent of a�ar�ial�ak�ng of�he Proper�y in wh�ch�he fa�r market va�ue of�he Property immed�a�ely before �he taking �s less �han �he amoun� �f�he sums secured �mmedia�ely before �he �ak�ngy L].nIe55 Borrower and Lender otherwise agree �n wr��ing or un�ess Ap��icable Law atherwis� pro�ides, the praceeds shall be appl�ed�o�he sums s�cured by�his 5ecur�ty�nstrumen�whe�her�r no��he su.ms are�hen due. �f the Pr�perry is abandoned by B�rrawer, or if, after natzce by Lender�o B�rrower that�he condemnor offers to mak�an award or se�t�e a claim far damages, Borrower fax�s�o respond to L�nder vvi�h�n the m�nxmu.m number of days estabi�shed�y App�xcable Law aft�r�he date�he n�t�ce �s given,Lender�s au�hori2ed�o�ollect and app�y�he proceeds, at i�s opt�on, either to res�arati�n or repair of t�ae Proper�y flr �o the sums secur�d by �his Securit� �nstrumen�,whether�r not�hen due. Un�ess Lender and Barrower otherw�se agree in writ�ng, any app��cation af proce�ds to principa� shall no�extend ar pastpon� �he due da�e of the paymen�s referred �a �n the sec��on �itled Paym�n� of Princ�pal and Interes�; Prepayment and Late Charges ar change�he amaun�of such paymen�s. Borrower No� Re�eased; Forbearance By Lender N�t a Wai�er. Ex�ensiQn af the tiime far payment or m�d�f�ca�i�n of amor�x2a�ion of the sums secured �y this 5e�uri�y �nstrumen� granted by L�nder �o Borrower flr any successor xn in�erest of Borrawer sha�� no� operate �o re��ase �he �iabzlzty of �he or�g�nai Barr�wer or Borrowerrs successors in int�rest. Lender shall not be requ�red ta commence praceed�ngs agains�any suc�essor�n �n�eres�or r�fuse�o extend time far payment ar��h�rv�ise mod�fy amar��at�on of the sums secured by this Security Instrument �� r�ason of an� demand made b� the origina� Borrower ar BorroW�r`s suc�essors in interest. Any forbearance by Lender in exercis�ng any right ar remedy sha�I no�be a waiver af�r prec�ude �he exercise �f any rzght or remedy. Suc�essors and ASsigns Baund; Joint and SeveraX L�ability; Accammodation S�gners. The cavenants and agreements �f�his Securi�y�nstrumen�shali b�nd and beneft�he su�c�ssors and assigns of Lender and Borrower, subject to �he pr�visi�ns of se�tion �itled Transfer of the Pr�perty or a Beneficial In�erest in B�rrower. Borr�v�er's co�enan�s and agreemen�s shal�be j ain�and several. Any persan vvha ca-s�gns�h�s Securx�y Instrumen� hu� does no� e�ecu�e �he No�e �"Acc�mmoda�ion S�gner"}: �a} is cfl-51�ri�� 115 Secur��y Znstru.men� on�y t� mortgage, grant and convey tha�Accommoda�ion Signer's xn�eres��n�he Property under�he��rms af the Security �nstrumen�;�b� is not persona�ly obl�gated�o pay�he sums secured by�his Security�ns�rumen�; and�c}agrees that Lender and an�o�her Barrower may agree�a extend,modify, forbear or make any accommodatians v��h regard�o the�erms of th�s Security rnstrumen�or�he No�e w��hout tha�A�cammodati�n S�gner's cons�nt. I1�an Charges. �f�he Ioan secured by thzs Securxfiy Instrumen� �s subject to a Iaw whi�h sets maximum Ioan charges, and that�aw is f�.nal�y interpreted s�that the �nteres��r a�her loan charges collected or�a be co��ec�ed �n c�nnection wz�h the ��an exceed �he permitted I�mi�s, �then: �a} any such loan charge sha�I be reduced �y �he amount necessary�o reduce�he charge�a�he p�rm�tted I�rn��s and�b} any sums a�ready collec�ed fram Borrov�er whrch exceeded permitted 1imi�s wi11 be refund�d �a Borrower. Lender may choos� �� make this refund by reducin.g �he pruaci�al owed under �he Nate ar by making a direc� paymen� �o Borrower. �f a refund reduc�s pr�ncipal,the reduc��on v�il�be�rea�ed as a par�ial prepayment wi�hau�any prepayment charge under the No�e. Notiee�, Any notice �� Borrawer provided far in �his 5ecurity zns�rumen� sha�l be given by del��ering �� or by max�ing it by first class mai�un�ess Applrcab�e Law requires use of another meth�d. The no�ice shall b�d�rec�ed�fl �he Prope�-�y Address or any ather address Borrower des�gna�es by notice to Lender. BorrovWer agrees ta provide Lender w��h Borrower's mos� current mai��ng address, as �� may change fram�ime-to-�ime. Any notice �o Lender sha�l be g��en by fzrs�class mail to Lender's address s�a�ed herein or any other address Lender des�gnates by na�ice Q 2dD4-2413 Complian�e Systems,Inc.9F9d-04��-2a 13 Lz.a.72� Cansumer Real Estate-Secunty Instrument DL2036 Page 3 af 5 www.camp�iancesystems.cam