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<br /> paymcnts may no longer bereyutred,at the optEon uf Lender.lf mortguge insurance covcrago(in the Am�unt end for¢he period —
<br /> '�� that I.e�rder reyuires)providcA by an ln�urer npprov�ct by I.endrr og�in bccames nvnituUlo�nd!s ot�taln�d. BpPf6tVCi.6}IRII pRy
<br /> the pnmiuma rcquired to maintaln mo:tgAgc insurancc in af'fect.or to provlde n toss r�etve� unUil tiie requirernent fot martgego
<br /> insurance ends!n accordaaao with aay wdtten agreement betwan Bomow�or and I.endtr a:applicahlc law.
<br /> 9.Inspection. Lender or fts ageM n�ay make reasonable entd=�upon nnd inspxtions of the Propsrey.I,ender sb�ll$ive
<br /> Borrower notica at the timc of or prior to an inspection bpocifying ra�sonablo cause for the inspec�loa.
<br /> - -�-�--__ -
<br /> 10.Condemnatton, The procaxis of any nward or claim far damages, direct or consequential. in connoctlon wlth any
<br /> --- ---- -' condemnation or other taRing�f any part of'the Pmpe�ty.ur for conveyeuce in lteu oF wrrdenu�adon.&f�I1C[GSDj�iLti;I�i^ s.act
<br /> BflB��bC�d IO�1ldEY.
<br /> ., _ In the event of u total taki��g of the Peoperty,the proceeda shall be Appliod to tha sums securtd by thia Securiry Insuument.
<br /> -- whcthez or not then duc, wlth any excess paid to Borrower. In tha eveat of a partiel takt�g af the Property in which the fair
<br /> market value of tha Property it►uns�iauly befora the taking is equal to or gGater than the amouat of the eums secura!by this
<br /> "' Security Insttument immodlately before t}w tetcjng,unless Borcower and I,ender othenvise agree in wriHn�.the suuss secutesl by
<br /> . t6ia Security Inmument shall be re�uoed by the amount af the proceeds muldplted by the following frac�on: (a)Yho tata{ --
<br /> ;� amount 4f tha swns secured imaiedlately�before the taking. dlvided by(b)the fair market value of the Property immodiately
<br /> befora the taking. Any balance shall be paid to Horrower. Iu the event of a partfal takin�of the Pnoperty in which the fair
<br /> ��' market value of tlus Pmperty iiamediately beforo the taking is less than the amount of the snuns secured imme�Iately befort the
<br /> „
<br /> �, taking.unless Bom►wer and Lender otherwisc s�gree in writing or ualess applicable Iaw othenvisc pmvides,the proceeds sbaU
<br />_- be applled W tde sums secured by d�is Secudty Instrument whettier or not the surns an then due.
<br /> if the Property is alssndoned by Borrower.or if.after notice by Lender to Borrower that the condemnar offera to ma{ce an
<br /> award or settle a claim for damages. Be�rrower falls to respond w Lender wjthIn 3D days after the date the natice is given,
<br /> i.endex is auWorized to colloct aad upply the procx�ds.at its option,elther to restoration or repair of the Property or to Ct�o sums
<br /> sec�red by this Secarity Insuument,whether or not then due.
<br /> Ualess I.ender and Borrower otherwiso agi+ee in wrlting, any application of proceeds to prlucipal shell not ea�tend or
<br /> postpatte the due date of the raontWy payments referred to in paragraphs I and 2 or chenge the amount of sach payments.
<br /> ' '��',' li.Bonower Not Released;�orbearaace By I.euder Not a Waiver.Extension o2the tlme for payment or madiGcation
<br /> of amortiaation of We sums secured by this Seciuiry Insuument granted by I.ender to any successor in iaterest of Borrawer sball -
<br /> not operatc to release the liability of the ori�Inal Borrower or Borrower's suocessors in interest. Lender shall not be required to
<br /> commence proceedings ageiast any successar fn Interest or refuse to extead dme for payment or otherwise modify amordzatlon
<br />= of the swns secured by this Securlty Instrument by reason of any demsud made by the odIIinal Borrower or Borrower's
<br /> successo�s tn interest. Any forbearance by Lender in eaercisln�any dght or rem�dy shall not be a weiver of or preclude the --
<br /> '�� exerclse of eny right or reme�ly.
<br /> 12. Suoce�ors aad Assigas Bound; JoInt and Severnl LiAbility; Co-stgners. The wvenanu and egreements of this
<br /> Secwity Iastrument shall bind and beaefit the successors and assigns of Lender and Borrower, subject to the pmvisions of
<br /> parugreph 17. Horrower's covenants and agreements shall be jolnt and severel. My Borrower who co-sigus this Seturity
<br /> - Instrument but does not ezectete the Note: (a) Is casi�ning this Security lnstrument only to mortgage. grant and convey d�at
<br />- Borrower's interest in the Property under thB terms of this Security Insuument:(b)is not personally obligeted to pay tho sums - --
<br /> : securod by this Seauriry Instrument;and(c)agrees that L,ender and any other Borrower may agree to extend,modlfy,forbear or =
<br /> malce any accommodations with regard to the ternu of thIs SecurIty Instrument or the Notc without thai Borrower's conseat. ---
<br />- 13.Loan Chat�es. If the toan secured b this Securl Instrument is sub'ect to a law which sets meximum loan char es. F"uLL
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<br /> _ nnd that law is finally intecpreted so that the interest or other loan charges collected or to be collected in connectian with the ���_
<br /> loaa eaoced the pera�itted limits, then: (a)any such loan charge ahall be reduced by the amount necessary to roduoe the charge �;�
<br /> • to the permitted Itmih.ac�d(b)anp sums already collected frnm Borrower which exce�ied pemittted limits will be refunded to �'=�-
<br /> Borrower. Lestder may choose to make this refund by reducing the principal owed under the Note or by making a ditect �'
<br /> - payment to Borrower. If u refund rodnces princfpnl. the reductlon will be tceated as a partial prepayment whhout any � s-�`
<br /> -' prepayment.charge under the Note. �;-
<br /> 14.1Vottces.Any notke to Bomowec provided for in this Securlty Tnsteument shall be given by delivering it or by mailing ;:�-�,;.
<br /> '� it by first class mAil unless applicable law requires use of another method. The notia shall be direcced to the Propeny Addnss __=
<br /> or any other address Borrower desi�nates by notice to [.ender. Any notice to Lender shall be given by first class mail to .•-S':'
<br />- Lender's address stated herein or any other address Lender designutes by notice to Borrower. Any notice provided for in this
<br /> Security Instn�ment shall be deemed to have been given to Borrower or Lender when givea as provided in this paragraph. '
<br /> 15.Governing Law; Severability. This Security Instrument shall be govemed by federal law s�nd the law of the
<br /> � jurisdiction in wMch the �roperty is located. In the event that any provision or clause of this Seturity Instrument or ehe Note �
<br /> conflicts with applicable law, sueh contlict shall not affect other pmvisions of this Secucity Instrument or the Note whieh can be
<br /> �a given effect withaut the cantlicting pmvision. To this end the provisions of this Security Instcument and the Note are declared „
<br /> `'�` co be severable.
<br /> ' � •.w'�,"��`` 16.Boreower's Copy.Rorrower shall be glven one conformed copy of the Nate and of this Secudty Instrument.
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<br />' : �'.ts�•�L Form 3028 9180
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