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<br /> p�ymm�ta auy ro lon�a be cequired��t the optloa of L,ader.if mautRa�e Insunu�or oovera�e(ia tbe�mount ard for 1he prr�oQ
<br /> th�t i.ader nquira) ptovid�d by aa inwnrs�pproved by Laydr�in beoome��vdlabfe sad b obtained. B�xroww s�il py
<br /> tbo p�a�niva�s requLed w mdntaia aaart�a�e inwnnoe ia a�Kect.a W provWe a IoM raierve,wkll the nquinm�qt trt a�ei1�
<br /> iawt�noe ad�in�000�dmca wlth�ny wriqen yreement betwan Bortowa and Laider or appliqble lew.
<br /> 9. Irpeetio�,i.eMet or it�a�au atiy m�ke e+a�awnble a�a upon aad impectiotu of thC Pruppty.i.a�dK tlWl�ive
<br /> �orrowu notke at�he time of or prlor w m intpa�tion RpecifylnQ reawnable pwse for the io�pectlon.
<br /> 10.Co�tia. The pmoeed� ot any aw�nd or claim for duruy{a. diroct or ooruequential. in ooirbctlon v►�Ih aoy
<br /> oondeawtion or oder Wcln�uf�uy pvt of tbe Propetty.or for convey�noe ia lieu of oonda�u�tbn.aro h�roby wi�nd aad
<br /> �1WI be paW to L.aider.
<br /> In che event ot�tc+t�l ukiag of the Property.the prooeeds�ludl be r�pp8ed ta the wm��ecund by thia Socurity Irotrumeat,
<br /> — whaLcr or not then due, with any excxss p�id to Bornower. In the event of a puti�l taking of the Propaty in which the fdr
<br /> marlcet value of the Praperty immediuely before the talcing is equal to or greater tlun the artaunt of the wma �acurad by thit
<br /> Security Inctrument immedi�tely before the tal�ing.unlets Homnwer wid Leoder otherwjae agroe in wdting.the sumt ia:ured by
<br /> this Security Inctnuaent shall be roduced by the unount of the prooeods mult�pliad by the follawing fesctlon: (a)the toW '
<br /> � amount of the wcro socvrod immodiately beton the taking, divided by(b)the fiur market v�lue of the Pr�perty imrnediately
<br /> befo�the talcing. Any brlanoe slwll be p�id to Bomnwer. In the event af a pArtial taking of the Propeny in whlch the fair
<br /> market v�lue of the Property immodiately before the t�kfng is less than the ar�wunt of the sum4 secund immodiately beforc tbo
<br /> Wcing. unle�u Borrower and I.ender otherwise agree in wrlting or unless appltcable law othenvl�e pmvida. the ptoc�endt shall
<br /> be apptied to the sumt secured by thi�Socudty Inswment whether or not the aums are tfxa►due.
<br /> If the Property is�ndoned by Bormwer.or if,after noticc by Lender to Bormwer ttwt the oondunnor offers to rn�ce ae
<br /> =4^� eward or xtdc e cl�im for damages. Hormwer fells to r�spond to Leridcr within 30 daya aftcr the datc tl�c notica is�iven,
<br /> " Lender is wthorizod to colloct and apply the proceeds,at its option. either to restoration or repair of the Prnperty or to tl�e cunu
<br /> 'i �ecured by thls 5ecurity Instrument,whether ar not then due.
<br /> - Unless L.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> � postpone the duc d�tc of the manthly payments nferrod to in paragraphs 1 end 2 or clwnge the amount of such payments.
<br />, `� 11.Borrower Not Released;ForbearAnce By I.ender Not A Watvcr.Extension of the time for payment or modification
<br /> _ of amortization of the surtus secured by this Security Instrument granted by I.ander to any auccessor in intenst of Borrower shAll
<br /> - not operatc to rclease the liability of the origina!Borcower or Barrower's successors in intec+est. Lender shall not be roquired w
<br /> wmmence proacxiings�gainst any successor in interest or refuse to extend time for paymtnt or othecwise madify amortization
<br /> of the sums secured by this Security Insaument by reason of any denwnd made by the odginal Borrower or Borrower's
<br /> 7 surcessors in inter�est. Any forbearance by L,ender in exercising u►y dght or remedy shall not be a wa�ver of or pnclude the
<br />---. exercise of any right or rcm�xiy.
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<br /> .��,.r.q,t.� 12. Suoc�s,sors�id Assi�nv Bound;Joint and Several Lis�bUity; Co-signers. The covenants ud agrecments of this
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<br /> ��;,s��°..� . Securiry Instrument shall bind and benefit the successors and assigns of Lender and Bnrrowar, subjr�ct to the provisions of
<br /> ���y�:�:� .. . puagraph 17. Borrowers wvenants and agreements shall be joint and several. Any l3orrowec who co-signs this Security
<br /> '�+��" •.a � Instrument but daes not exewte the Note:(a)is casigning this Security Instrument anly to mortgage,grant and convey that
<br />- r'�.�� � �'r� �� Borrower's interest in the Property under the terms of this Securiry Instrument;(b)is not personally obligatod to pay the sums
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<br /> -�'�. 'r�•= •� • socured by this Security Instrumenr,and(c)agnxs that Lender and�ny ather Borrower may agree to extend,modify.forbear or
<br /> : •••� • nwlce any accammodation.v with regard to the teans of this Security instrument or the Note without that Borrower's consent.
<br />'-- 13.Loan Ct�rges.If the loan securcd by this Socurity Instrument is subject to a law which scts maximum loan charges,
<br /> � ��„r,,,j4.---;�; and thut law is finally interpreted w that the iaterest or other loan charges colleetoci or to be ec�llected in conncetion with the
<br /> �; " loan exceed the permitted limits, then: (a)any such loan charge shal l bc reduced by the amount necessary to reduce the charge
<br /> '"�" to the rmitted limir, ami (b)an sums almad cullected from Bor�ower which exceeded
<br /> i� � Pe y y permittod limits will be refundod to
<br /> • • Borrower. L,e��der may choose to make thi� refund by reducing the principal owed under the Note or by making a direct
<br /> „ payment to Borcower. If a refund reduces principal, the rcduction will be treated ac a partial prepayment without any
<br /> • , " prepayment charge under the Note.
<br /> _ 14.No4ices. Any n�xice to Borrower provided for in thiti Security Instrument shull be given by delivering it or by mailing __
<br /> " it by fint class mail unless applicable Isw require�use:of another method. The notice shall be directod to the Property Address
<br /> or any other adJress Borrower design�teti by notice to L.ender. Any nntice to L.ender shall be given by Frst dass mail to -
<br /> - Lerxier'�address statcci hercin or any other udJres�[.crulrr de�ignatcs by notice to Bnrrower. Any notice provided for in this
<br /> . • Security Instrun�ent shaU be dcemed to havc bcen givcn to Borrowcr c�r L.endcr whcn givcn u+providcd in thic paragraph.
<br /> .:��::.'. I5.GoverninR I.Yw•; SeverabNity. Thi+ Securiry Instrurnent shall he Fovcrned by fcderal luw and the I�w of the
<br /> F . _1j!;�.: juriulirtian in which the Property is kkat��d. In the event th•rt any pmvi,ion or cl:►use��f this Security [nstrument or the Note
<br /> . � . conflicts with t►ppli�able I�w,�unc�onflict�h:�ll n��t affrct other pr�wi,ionti of thi,Scrurity In.trument or the Note which cun be —
<br />- given effitit without the cunflicting provi,ion.To this enei the pruvitiiun���f'thiti Security In+trument and the Note ure declared `
<br /> to bc xverab(c. _
<br /> ; ' � � ` 16.�Or['ON'C��ti C OpY. Born�a•cr shall l�givcn��ne c�mtiirnu�f ropy of thc Notc and af this Security Instrument. _
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