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<br /> p�Yments may no lon�er be royuired,at the option of Lende�. if mort�aQc inwrance cover�e(in�yitwu�fo�r�dod
<br /> ttyt Lstder requirc.�)provided by m inwrcr upproved by L.ender a�afn baomes availoble and i�abWinal. Borrower shail py
<br /> the premlwru rcquirod to main�iln rtart��e insuruuc in effcet,or to provide a lo�reserve, until the roquirement far mact�µa
<br /> inwnnce end�in sccor�d+uxe with a►y written�raement betwan eiorrower ud i.endcr or�ppiicabie law.
<br /> !. Iqspection.Lender or tt��ent may nuke rcawnwble ontrira upoe and inspoctions aP thc Prapecty. [.ende��hall�ivo
<br /> --- Borrower noticc at the time af or prlor ta an Inspati4n�pocifyfng res�wnablc awse far the innpection.
<br /> --�--- ---^-^- 10. Coadem�utlon. The pnxeeds of nny �wacd or claim for dturwget, diroct or conroquential. In connixti�n with any
<br /> condemnation or other t�kin�of any part of the Property.o�far conveyana in lieu of condemnation. aro hercby assi�ned w�d
<br /> -�=__=--�=�'� ct�ll bc paid to Lender.
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<br /> —. In the event of a total taking of the F�roperty,the procoeds shall be appiiod to ti�eun►��x;ureJ by U►ix Scx:u�ity lt�strument.
<br /> whether or not then dac. with any exceu paid to Borrower. In the event of a partial taking of the Praparty in which the fair
<br /> market value of the Propeny imrr�odiutely before the taking is oqual to or greater than the amcwnt af the sums socural by this
<br /> Sacurity Instcument immodiatcly beforc the taking,unlcss Borrower and Lendcr otherwise agra in writing.thc surr�r sxured by
<br /> � - this Socurity In�trument shall be rcducai by the amount of the prceeods multiplial by the following fraction: (u) the total
<br /> - - � --"'-"-'s' amount of thc sums Eocured immediately beCore�he taking, dividcd by (b) tFic fair murket value of the Property immcdiately
<br /> before the taking. Any balance shall be paid to Borrawer. In the event of u parcial taking of the Property in which the fuir
<br /> market vuluc of the Propeny immediately befare the taking is less than the umount of the sum�secured immedi�tely before thc
<br /> �°�^°�'°���� taking, unless Borrower And l.ender atherwise agree in writing or unless applicable law oth�erwisa provides,the proceeds chall
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<br /> — bc appiied to the sums secured by this Security Instrument whether or not the sums are then duc.
<br /> --- - if the Property is aburKlunctil by Borcuwer. or if.aCter nutice by Lender tu Surruwr�that the wndem�wr offers to muice wi
<br /> - award or setde a cluia�for damagcs. Borrawcr fails to respond to I.ender within 30 days after the datc the notice is given,
<br /> I..ender is authorizod to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sums
<br /> secural by this Security Instrument,whether or not then due.
<br /> • y. �:�;., . Untess l.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> poatpane the due date of the nanthly payments referred to in paragraphs 1 and 2 or changc the wnount of such payments.
<br /> 11.Borrower Not Released;F�rbeurance By I.ender Not n WAiver.Extensian of the time for payment or modification
<br /> of amorti�ation of the sums secured by this Security Instrument granted by I.ende�to any suc�essar in i�te�est of Borrower shall
<br /> � • not operAte ro release the liability af the original8arrower or Borrowcr's successars In interest. Lcnder shall not hc reqaire�to
<br /> , .p,,;..�. cammence proceedinss against any successor in interest or refuse ta extend time for payment or otherwise modify amortlzation
<br /> ,�:, - of the sums secured by this Security Instrument by reawn of any dcmand made by the original Borrower or Borcower's
<br /> -_• ;y successors in intercst. Any forbearance by Lender in exercisin� any right or remaiy shall nat be a waiver of or preclude the
<br /> ::; � ` excrci.cc of any right or remedy.
<br /> `' �:;;!. � 12. Succe.csors And Assigns Bound;Joint and 5everal Lipi►iiity; Co-siRners. "i'he cc�ven;mt� an�i ug�cro���e��t, oi iliis
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<br />. i�x4K,�.,;g��^,..,�, Securiry Instrument shall bind and benetit the succexson and assigns of Lender and Borrower, subject to the provisians of
<br /> ���'��� � •'t"'•�' ` p�ragraph 17. Borrower's cavenants und agreements shull bc joint :ind scveruL Any Harrower who rn-signs this Security
<br /> . 1'�.ly'4, lir{t�=`�.vl'(:Y�
<br /> �'ir.�;..,,;a��r,,,.,_, Instrument but dacs not cxecutc the Notc: (u� i.r co-signing this Sccurity Instrument only to mongage,grant and c�nvey that
<br /> � ��'" ���, „•�`�'a' Rorrower's interest in thc Property undcr the trrms of this Security Instrument;tbl is n�n personally obligated to pay the sums
<br /> �'," '" secured by this Security Instrument:and(r>asrc��thut Lender aad auy other Barcower mny aigree to extend,mc�dify. forheur or
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<br /> , ::..; ..� . , .., make•rny acmmmi�dutions with�ega�d to the terms�►f thia Se:curity[ntitrument�r tl��Nute wiihout that Borrower's c:onsant.
<br /> + • l3. i.own Ctwrgcs. 1f thc loan secur��cl by this Scrurity Imtrumcnt i,subjcct to a law which�cts muximum loan chargc6.
<br /> �• � �' and that law is finally intcrprcted u� thut thc intcrest or uthcr I��an churgc�collcrted or to ix cuUected in conncctiun with the
<br /> - '`�"`' loan exeeed the permitted limits, then: (a) any such loan eharge shall he reciuced hy the amcwnt neceswry t��r�duce the churge
<br /> �` �1'`'�`��•'� ' to the rmittud limit; and(b)an tiumti alreuJ �ullccted frum Borr�iwer w•hirB exreedcd permitted limits will he ref'undeci to
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<br />'/�� '�a"""."'"�'•" �'' Barrnwer. Lcnder muy choo�c ta makc thi. refund by reducing thc princip•rl owcd under thc Note or by makeng u diroct
<br /> ;. ,,�:.�=.� j:-� p•ry►nent to Borrower. If a refund reJures principal, the reduction will br treuted uti a partiul prepuyment withc�ut any
<br />-- Zy,�r;_�'M�: prcpayment churgc u�ulcr thc Nnte.
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<br /> • ��: � ` "°' � 14.Notices. Any noticc to Borrowcr providcd far in this Security lnstrument shall t►e givcn by dcli�ering it or by m;iiling
<br /> ��°i � ' it by first clutiti mail unlcss applicablc 1;►w requires u.+e of ancxher methoJ.Thc nutire shall tx dircctcd to the Pmperty Addresti
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<br /> �--,<-.r , or any othrr :uidress [iorrower designntr, hy nntice to Lrnder. Any nc�tice tu LcnJe�shall tx� given by flrst class mail ta
<br /> � ,, � Lender's uddresti stnted herein or any o11�er address Lender de�ignutes by nutice tu Burrower. Any ni�tice provided fc�r in this
<br />-.-ny': �, �"'",�•, ' ' Socurity Mstrun�ent shall be decmcd t�Iwve heen given tc�&�rn�wcr��r Lxncicr when�.i�•cn ati ptuvidcJ in this paragruph.
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