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<br /> payments muy no longee is�required.at the option af Lender,if mongnge insurnnce covera�e(in the iunount und fur the p�rdad _
<br /> • thut Lender eectuires)provided by en insurer upproved by l.ender again bs;comes nvailable und Is abtnined. Borrower shnll pny
<br /> . ,_,,� the pmmiums required to maintain mort�age insurnnce in effect.or to providc a lass mservc.until the requirement for mart�u�o
<br /> ���f°����� insurunce ends in accordn�xe with uny written agreement betwecn Horrower and I.ender ar appiirnble Inw.
<br /> 9. Inspectio�. Lendcr or its ugent may make raisanuble entrles upon and inspections of th�Pmperry.Lendcr shall IIivo �
<br /> •�`:--'-"�-`��•� Borrower notice itt the time of or pdor to un inspect�on specifying reasonnbie cuuse fur the in�pection. �
<br />-� � •� • 10. Gondemnntton.The proceeds of any award or claim for damagea, direct or consequential. in eonttection with any
<br />__._��._ condemnation or other tnkin�of any part of the Propercy.or for conveyance tn lieu of cottdemnation, are hereby'aSSiIIne�and
<br />:_,;.��=s" shall be paid ta L.ender. —
<br /> In the event of u total taking of the PcopE�y.the Preceeds shail be applied to the sums secured by this Security Instrumant.
<br /> _--t._—-.M�+w whether or not t#►en due. with any excess pald to Borcower. In the event of a partial takin�of the Property in which tha fuir
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<br />__ y':,.r a: market value of the Property immediately before the talcii►g is equai to or greater than the amount of the sums secur+ed by t s _
<br />': �.�;,� ' Security Instrument immediately before the taking, unless Borrower and Lender otherwise a�ree in writing.the sums secured by
<br />,_#c�,� � this Security Instn+ment shap ba reduced by the amount of the prc�s multiplied by the following fraction: (a) tho taWl
<br /> �rs�� amount of the sums serure�immediatelY before the taking, divided by(b)the fatr roarket value of the Property immedlstalY
<br /> '��'�`"`4-��-- before the taking. Any balance shall be p�}d to Borrower. In the event of a partial taking of the Ftvperty in which tha fair
<br /> -• - - market value of the Prnperty immedlately before the taking is less than the amount of the suau secured imraediately befone the
<br /> - ��� (n writing or anless applicable law othetwise pr�nvides,the praceeds shall
<br /> _�_la��� taking,usdcss Borrower and Leacler otherwise agree �_
<br /> -"`=��+� be 8pp��ed to the sums securefl by this Security Insmiment whether or not the swns are then due. _
<br />,;;,r:�;�� If the Property Is abandonecl by Bornower,or if,after notice by Leader to Borruwer that the wademnor offers to malce an
<br />_`�� � uward ar settle a claim for damages. Horroarer fails to respoad to Lender within 30 days after the date the notice is given.
<br /> L,ender it suthorized w collect and apply the pr�x�ds,at its aPtion,either to reswration or repair of tD�e Property or to the sume
<br />�•�"'�..�� secured by this Secudty Insnument,whether or not tLeeu due.
<br /> _ Unless L,ender and Bomower otherwlss agre�in writing• anY $PPlication of proceeds co princiPal shall not extend or
<br /> =�.�,�,� postpone the due date of the mornchly paYments referred to in para�raphs 1 and 2 or change the a�nount of such pay�mnts.
<br /> iL.�ornntis•ra Not Released;Forbesrance By Lend�er Not a Waiver.Extension of the time fos payment or madifccadau
<br /> of amortization of the sums seatred by tbis SECUntY Inst�ent gtanted by I.ender to any suocessor in iaterest of Bornn�ver shpi!
<br /> not operate to release the liability of the origi�al Hocrower or Bomower's successozs in interest. Lender shall not be requinmd to
<br />- -�� ��g��t��g�a�ainat�ny successor in interest or refuse to extend ame for payment or othecwise modify amoRia�tion
<br />"���� of the sums secured by this 5ecurity Instrument by reason of any demend made by the originai Bvrn►w�� ui �c�w�''s T
<br /> � suooessors in interast. Any forbearar►ce by L.ender in exercising any right or remedy shall not be a waiver of or precludu t&e
<br /> "� exercise of any rigfit or remedy.
<br /> 1Z. Suao��rs and Assfgas Bound.�otut and Severai LIabSUty;Co-stgQers.The covenanis and agreemente o8 tf�is
<br /> "� Security Inswmetrt shall bind and benefit t@e sucassors and assigas af Lender and Borrower.s��ject to the pmvisioao of
<br /> --- partt�G[aph 17. Aorrower's covenants aitd agreemeou sh�71 �e joint and several. Any Borrowet who co-signs thia Security
<br /> lnstrument but dues not execute the Note: (a)is ro-signin8 tlils Securit3'Iast�ment only to mortgage, grant and conuey�•that
<br />�� Borrower's interest in the Property under We tem�s of this Security u►strument;(b)is not personally obiigated Eo pay th��sums
<br />-------- secumd by titis Securit3+Inswment;and(c)agrees that Leader and any other Bomower may agree u►�aaend,modify,foc�oar or
<br /> �any a�mm�da�ons,xit,h regac�d to the terms of this Securlcy Instr�ment or the Note without that Borrower's canesnt.
<br /> .;� �3�Loan Chaig2s.If the loan secured by this Secudty Instrument is subject to a law which sets maaimum ioan charges,
<br /> and that law is finally interpreYed so tl�at the interest or other loan charges coll�or to be collected in connesRton with the
<br /> • loan exoeed the penuiued limits,then:(a)RnY su�h toan charge shall be reduced by the amount nocessary to reduce the c6atge
<br /> - - to the permitted limit;aad(b)any sums already oolle�ted from Borrow�r wtuch exceeded permitted]imits wlli be refunded to
<br /> Borrower. Leader may choose to make this refund by reducing the principal owed under ttze Note or isy mokln$a dit+e�¢
<br /> payaneat to Borrower. If a refund �duces principal. the �ductian wiU He teeated as a part[aI prepaYment �vithout an�
<br /> �� preguoyment charge under the Note.
<br /> --- ' 14.No�ic�v. My not3ce to Borrower provided for in this Secur��nj 3nstrument shall be given by deiivering it or by�.a�uiliag
<br /> it by first class mail unless applicable law raquires use of aaother me�od•'Ct►e notice shall be directed to the Pnoperty/�ddress
<br /> ---� - or aay �ther a��*�a Bnrmwer designates by notice to Lender. Any notioe to Leuder shnil i�given by firsi ctas�utui! ta �
<br />.:_.-.� Lender's address stated herein or any other address Lender designates by Qorice w Borcower. Any notice p�vided for in this
<br />:'�� Security Instnsment shall ba cleemect to l�ave been given to Borrower or I.e�►cter when given as provided in th[s pamgtapb�.
<br /> 15.Goveraing I.a�v; 9everability. This Security Instnunent shall be govdrned by federal law and tha Ina. of the
<br /> �n jurisdlcdon im tivl�i�h the P¢�operty is located. In the event that any pra�vision or clause of tl�is S�rily InstrumEnt•or iha Note
<br /> - wnfliets vwlch ngpllcable Iaw.such conflict shall not affect other pmvisiaws of this Sfcurity Ins3�umsnt or the Note wiilati•can Ts¢
<br /> p,jv.en¢ffect without the contlicting pmvision.To this ead tKe provisions of this�ecurity Instrument aad the Nota am declamrrT
<br />_�-_"� �eo�ie'severable.
<br /> — - 16.$oaav�aver's Copy.Borrower shalt be given oae ooafonaed cwpy of tiia Note attd of�s Sxudt�;���
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