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<br /> psyment�m�y no lon�er ba required,ot tho option of 1.erder.iP nwrt�e insunnce ooveea�e(in the�mount md fcN tl�e period .,
<br /> thu I.ender �Nira)provided by An inwrer opproved by Leoder aR�in beooma�viil�blo md I�obt�ined.Bonnwer�tull P�Y
<br /> t1w prcmium�roquiral w mainWa mort�e lnwrmoe In effax�or to prnvida a(ou raerve,udil the roqui�tor matwt
<br /> ina�ooa mda in�coard�nco avith�ny written�tart�ent betwan Borrower and I.ender or qiplkxbla I�w.
<br /> 9. Iprpecdon.l�ender ur ita�au tn�y melce rasonablo entrfa upan�nd inspxdau of the Property. l.ender�ull oiva
<br /> Honowa notico rt the time of or prior w sn Inspxtion spocifyinQ ra�onAble Gw�e fo�the in�pection.
<br /> 10.Condemaatbo.The pracarods of any award or cl�im for dAnw�es.�liroct ar ooncequentf�l. ia connection wlth my
<br /> condemn�tfon ar other tal�in�of wny pa�t of�he Property.or Por convey�nce fa lieu of oond�nr�tiun. aro benby a�ti�ned�ad
<br /> ehel!be E+a�id to I.ender.
<br /> In tho avent of A towi tal�ing of tho t'mperty,the procaods shell be applied to the aums secured by thfe Serutlry InsqumeM.
<br /> whcthor or not then due,wlth any excess prid to Borcowcr. in the event af a partiol taking of the Propany in which Ihe fdr
<br /> market v�lua of tha Property immaliately beforo tho taking is cqual to or greater than�he amount of the wms secured by 1bi�
<br /> Serurity laurumant immediately beforo the teking,unkss Homower s�nd l.endcr otherwise Agroe in writing,the ruma securod by
<br /> thia Secudty Instrument shall bc reduoed by the w►wunt of the praceoda multiplied by tFio following fraction: (a) the toW
<br /> amount of the suma securcd immediwtely before the talcing.divldod by(b) tha feir market value of the Ptoperty immediAtply
<br /> bcfon the taking. Any balance ahall be paid to Bonawer. In tha evcnt of a parti�l teking of tho Properry In which the ft�
<br /> marlret value of the Property immodiately before the taking ia les.v tFian the anwunt of the sums securod imrnediately befora ttia
<br /> taking. unicss Borrower and Lende�ott�erwisc agree in writing or unless applicable law otherwise provide9,ttic proc�codt�Itsl) �
<br /> ba appliai W tha auma secured by thia Security Instniment whether or not the sums are then due.
<br /> If the Property is ebandoned by 8orrower,or if,after notjce by L,ender to Borrower that the condemnor offera W nwlce an ,
<br /> awerd or setdB a claim for damages, Borrower fails ta respond to Lender within 30 days afler the date�he notice is givcn,
<br /> �- . l.��ulcr ia euthorized to coilect end apply thc ptocecds,at its option.either ta re.storation or mpafr af Utc Properry or W the sut�
<br /> rf` cewrod by this Secu�ity Instrument.whether or not then due.
<br /> ;���'.•` Un1e�s Lender and Borrower othervvise agt�ee in writing, any applfcaUon of proceeds to principal ehall not extend oc
<br /> r� `'�`� postpone the due date of thc monthly payments referred to in parngrapha 1 and 2 or change the amount of such payments.
<br /> 4�����• � 11.Borrower Not Released; Forbearance By l,ender Not w Wplver.Extension of the time ior payment or moditication
<br /> of amortization of the sums secured by this Security Instrument granted by l.encier to any success�r in interest of Bormwer ahall �
<br /> ' ; �� not operate to rel@ase tha liabflity of the orlginal Horrower or Borrower's successors in interest.Lender shall not be required to '
<br /> �'�'� commence proceedings against any succes�or in interest or refuse to extend time for payment or othenvise modify amorti�ation
<br /> !S; of t6e aums secured by ihia Securfty Instrument by reasan of a�y domand made by the odginal Borrower or Borrower's
<br /> '" ;� successors in interest. Any forbearance by Ixnder in exercising any right or remedy shall not be a waiver of or precluda tho
<br /> r � � � exercise of any right or amedy.
<br /> '�' 12.3urrrssara aad Aa�lIIrtg Boand:lnis�!snd Sc�eza! Llsb!!!!y; Co-sl�. Ttse co+res� sssd agmct�nts Qf thls
<br /> � ., .�;, . '.0 ��: '":�' Securiry Instrumant shall bind and benafit the aucces.4urs and assigns af L.ender and Borrower, subject to the provisIons of
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<br /> ° .:�� �.;,,,,.; paragraph 17. Borrower's covenams and ag�eemenis shall be jaint and several. Any Borrower who casigns this Security
<br /> A+;%=:: .,�•����t�m. .;;
<br /> �!.° • ,Y_p�r�,., .,.�„�, „, In�u�ument but daes n�t execute the Note: (a) is co-signing this Security Instrument only to mortgage, gront and wnvey that
<br /> � ': "," � ' Burrower's intarest in tha Propeny under the terms of this Security Instrument;(b)Is not persanally abligated to pay the sums
<br /> ;: �.:;:...' �d��`'. secured by this Security Instrument;and Iri ngrees that l.ender und any other Horrower may agree to extend,modiPy,forbear or
<br /> ��'`j"`�' � {`� � make any sccommodations with rega�d to the ternu of thir Security Instrument or the NMe without that Borrower's consent.
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<br /> 13.Loan Charges.If the loan secured by Ihis Security lnswment ic subject to a law whkh sets maximum loan charges.
<br /> • ' __� und that law is finully imerpreted sn tha� the intere�t or other loan rhurges rulircted or to be collcded in connectian with the
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<br /> ° � loun exceed tho permitted limits,then: (a1 any tiuch loan charge shall be reduced by the�maum necessary ro reduce the charge
<br /> �r+�: ,, �:i�;�� . ' , m the permitted limir and(b1 uny sum�already mllected fmm&irrower whirh exceede�l permitt��d limits will be refunded ta
<br /> �•�j�':; • Burrower. I.en�ler muy chome to mi�ke thi� r�fur�.i by reduring the prinr.ipal �►wcd under the Note ar by making a direct
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<br /> ,� payment ta &�rmwer. If u refund reduces principul. the reductinn will he treated a� o puniul prcpayment wilhout any
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<br /> �'�::,� �.•',�: � ',.,�t,.Y�f.�,;:, prepayment charRe under the Note.
<br /> �'•,,.. �:• � • •� . 14.Nntices. Any natice t��Bonnwcr pruvided fiN in thi.Securi�p Instrumr.nt�hull F►e given by delivering it or by mailing
<br /> � it by first cluss mail unlesti applir.�blc law reyuir��u,e iif uni�ther methai. The notice,hall bc Jirected �o the Property Addre.ss
<br /> " �. ^ or uny i�ther uddres. B��rmwer designate� hy nix�ce to I.ender. Any nc�tice to I.�nJer �huli he givcn by Iin1 clus, uwil tu
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<br /> �;,,,, . , L.ender'x uddresr .tul��l her�in ar t►ny olhcr uJJr�ws LenJer d��ignutcti by notirr �o&irrower. Any naticr prcwided fiir in lhis
<br /> � �'���` . • " Securiry Instrument shull ix;deeni�xi�o havr lxcn gi�•en to B�rrowcr or Lendcr when givrn a+pmvided in this paragraph.
<br /> ' '",. •",;,,x � • , IS.Guverning LaN�; tieverabHity. Thi� Security Instrunknt ,hull be �t��vernal hy (cJer�l law anJ the luw of tlx•
<br /> i,�,.x '..,;�4, ,. � Jurisdiction in which the Prop�ny is lixut��l. In�he cvem that any provi.i�m��r rluu�c of thi�Scxurit�• Instrument nr�he Notc�
<br /> ��f ~ �"� � contlicta with upplicaMe luw•,�uch contlict shall n�u uffert olher pruvi�iun�e►f thiti Sccurity In.wment or the Note w•hich cun be
<br /> »'� �• . iven effect without the cnnllirtin rovitiiun. ?'o this emi the r�rvi.ionm uf thi�Securit• In+trument and th� Nai�are declnred
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<br /> ai�'�� � ; to be�cverublr.
<br /> ('� � ; � . � 16.Borrower's Copy.&muwer ahull t►c given one r�mii�rmeJ copy of the NiNC unJ of thn 5ecurily la,lrunknt.
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