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<br /> [! I�:L�mder reqwred rnortgage�nsurance as a condiu�rc..��malung the loan secured by ths Secunty Instru.mcnt,
<br /> E Barrowes shall pay the premiums required to maintain the insuraace in effect until such time as thi:;r,equirement fo�the
<br /> insuraaee tezpainates in accardance a�ith Bonowtr's and Lendez's wriiten agreetrent or app!icabFc ta�.:.
<br /> 8. IespesYtoa. F.cnr3tr or iis agtnt En�y malcc�.sanable caEries up�a aad inspectic-n3�f:4�y�Prcperty. L�nder
<br /> , sh,afl give Bonosvtr notice a4 tht time a�f or prior to an inspecrion specifying reasonable cause far t�:s.i�.4gectioa.
<br /> , 4. CoodemaatioaF The procads of any award or cfaim fot damages,disect or conseqcenti,�T.in conntction wi.h
<br /> - � any condemnation or ather taking of any part of the Praperty, or for conveyance in lieu of con�emnation,are h�reby
<br /> as5igned and.shall be p;ti�f;to Ltnder.
<br /> - In the event�f a��otal taking of the.Property.the proceeds shall be applied to the suffis�stcu�rd��y this,Security
<br /> Instrument,;whether or not then due,with any excess paid ta B�srrower.In ttie e�ent af a partial2�ci�g.of the Praperty,
<br /> unless Barx4��er and Lender otherwise agree in writirlg,the sums sxured by this Security Instrument shall be roduced by
<br /> � the amount a£the procceds multiplied by the following fractioa:(a)the total ameunt of the sums secured immediateiy
<br /> ; ixfore the taking,divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> � ' _ _ If 1he Property is abandoned by Borrower.or if,after natice by Lender to Borrav�rer that the condemnor offers to
<br /> make an award or settle a claim far damages,Borrower fails to respond t¢;Lender within 3C�day s after the date the aotice is r�
<br /> given,Lender is authorezed to cellect and apply the praceeds,at its optian.either ta re�toratian or repair of the Property or
<br /> to the sums secured by tbi,�ecnrity Instcument,wltc��er or noE then due.
<br /> - Untess Lznder aad.�csrrower otherwise agrc-�:i�r tvriring.any applicatiaR of proceecis to principal shall not extend or
<br /> � postpone the dae date of t?�irFnnthly payments rd'cc�bd to ia�s-�.ragraphs 1 sind 2 ar chan�the amour►t of such payments. . � �
<br /> 10. Borrower Not �et� Eorbearance By Le�er_l+�iat a Waiver. Ext��ixm of the time for paysru�nt ar
<br /> i modificatioa of amortization of the su.'r►s seeured hy this Sesnrity Instrument grant�f,ity Lender to any succr�or in .
<br /> inttrest of Bprrower shail noi operate ta�release the liability af the origina}Borraaer or Barrower's s¢ccessors in in�terest. � � '
<br /> . Lender shall not be requirzd to commence proceedings against any successor in interest or refus�to extend time for
<br /> payment or otherwise modify amortizsr.'nn of the sums secured by this Security Instrument by reason crany demand made
<br /> � , by the origina!Borrower or Bonower'�r_uccessors in interest.Any forbearance by Lender in exercising any right or remedy
<br /> � shall not be:��«aiver ufor preclude the txercise of aay right ar remedy.
<br /> . �ii. S�ucetssors a�d Asslgas Bound;aoiats�nd Severitl Lisbiltty;Co-signers. Thecovenanr�..�and agreements of ' ,
<br /> this Securir,%�''strumenL���all bind and benefit the successors and assigns o!l.��st�r and Bonower,su��to the pro�isions �
<br /> of paragraF�:1 Y.Borro�er's covenants and agreements shall be joint and seE��-�1_�ay Borrower who eci-signs this��urity
<br /> Instrument(saxY�does not eaecute the Note:(a)is ca-signing this Security Instn::iient ariti=to mortgage�grant arcc��:.�7vey �
<br /> � tbat Borroa•c.t's interest in the Property under the terms of this Security Instrument;�i"zp i�7oi personalty abligated to pay
<br /> ` the sums secuted by this Security Instrument;and(c)agrees that I.ender and any otttr.r�3orrawer may agrce tn eatend, ' `��:��
<br /> ' rsrc,�dify, forbear or make any accommadations with regard to the terms of this Security lnstrument or the Note without �.�:',;4�;
<br /> �£�t HorrowePs cansent. ,;;:..
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<br /> . 12. Lo�n Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan � —
<br /> . charges, and that !aw is finally interpreted sa that the interest or other loan charge§:�;�rltected or to be collec[ed in - -
<br /> , connection with the loan exceed the permitted limits, then: (a)an�such loan ch���sball be reduced by the amount =—
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums alre3riy aoi,c�::d from Borrower which eaceeded ';.
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