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<br /> p�ymean m�y no ionger be requirod.et the opttan nf Lenckr► if mo*t�e Irwur�i�co coverage(in the�maunt and fnr tha priod
<br /> thxt IRixter requirc9) pravid�d by an insurer upprcrvc�l �y t.�ixitc aguin becAmes uvailable and 1s obtminod. Horr�w�r�h•►!pry
<br /> the prc.mlumy rcyuireti ta ij»intain nxmg�gc insurance ia effeat,or ta pruvidu it fass r.:sc;vc,until thc rcyuirenteut far ni�rcguge
<br /> insarn�7ce er�ls in accc�rdenncn v�lth uny writirn egi��emeut b,twccn B.�rrUw�er arn!Li:i�dec ar npplicaule IAw.
<br /> Si.iniputlan.Lender or it�Agent may malcc�ta�nihio en�Ties upun nnd inspcctions of thc Propc:rty. Lender shYli giva
<br /> �rrower naticc at the ttme of ur prlor to an inspection spocifytng reasonable cause for tho in��xxHon.
<br /> 10.Condemm►tlote. The pcncaods af any uwnnl ar cl�im far darru�ges.dircct or consequent�al, in oalu�o�Non with u:y
<br /> c��ndemnotion ar other tuking of any part uf the Propeety.or for conveyance in lieu of condemnation,ure heretry aasigned and �
<br /> shaU be p�}d ta Lender. `
<br /> In tho cvent of a wtnl taking of th$Proparty.the pmaods shall be applled ta the sums secured by thls Secudty Instrument,
<br /> whetha�or not thcn due. v�idt qny eacess paid ta Somower. ln the event of n puRlal taking of the Property in which the fair
<br /> marlcct vnlwe of the PmpeAy lmmedintcty before the taking is e�uui to or greater than the amount of the sums secured by this ;
<br /> Security Instruntent Immediately bcfore the takin�,unless Borrower nnd Lender otherwise agcee in writins,the sums r�ecurai by �
<br /> this Security Insttument shall be reduc.�d by the nmount of the proceeds multiplied by the foUawing fraction: (a) the wtal �
<br /> amount of the sunu secumai immedtately before the taking, dlvided by(b)the fair market vafue of the Properly inwxdiately
<br /> before the taldn�.Any bs►ic►nce shall be pa�d to Borrower. In the event of a partial talcSn�of the Property in wh3ch the fuir
<br /> murket valuo of the Pcoperty immediausly before tha taking is less than the asnount of the sums secured imme�intcly before the
<br /> taking. unless Borrower and i.ender otherwise a�ree!n writing or unless applicable law atherwisa provides. tne pmcetds shall
<br /> be upplied to the sums secure�i by this Se�udty Insuument whether or not the sums are then due.
<br /> If the Properry is ubandaned by Borrower,or if,after notice by I.ender to Butrower that the condemnor offers ta.make an
<br /> award ar scttle a claim fnr damages. Borrower fnits c� respond to l.ender within 30 days aRer the date the nodce is given,
<br /> Lender is authoriud to cotlect and apply the prooeeds,at its optlon.etther to restarntion or repair of the Property or to tha sumy
<br /> secured by this Security Instrument.whether or nat then due.
<br /> Unless Lender and Borrower otherwise ascee in wdting, any apptication of pmceeds to princfp�l shal! nat eFtcrid or
<br /> postpane the due date uf the monthly payraents referred to in parn�mphs i and 2 or change the amaunt of such payments.
<br /> 11.Sorrower Not Released;ForM�arance By Lender Not a Waiver.Extension of thc ttme for puyment or madification
<br /> of amortization of the sums secured by this Securlty Instrument granted by Lender to any successor in interest of Borrower shafl
<br /> not operate to rele�ue the liability af the original Borrower or Borrower's aucxessors in interest.I.crtder shall not be requln�d to
<br /> rnmmenoe proceedings ugainst uny successor in interest or refuse co entend time for payment ar atherwise madify umortf�ntIon
<br /> of the sums securaS by this Securlty Insnument by reason of any demand nwde by the orlginal Borrower or Borrower's
<br /> successors in intenst. Any forbetuunce by [.ender In�xercising any right or remedy shull not be a wuiver of or preclude the
<br /> s�at�+ci�of xny right er u�m�y.
<br /> 12. Suceessors nnd Assigns Bound;doint and Several Ltability; Co-signers.'fhe covenantg and agreements of this
<br /> Security InsUUment shaU bind netd benefit the successors and assi�ns of Lender und Borrower. yubjcct to the provisions of
<br /> paragmph 17. Borrower's covenants and agmements shall be joint und several. Any Horrower who co-signs this 5ecwity
<br /> Instcument but does not execute the Note: (a)is casigning.this Security Instrument only to mortgage.gmnt and rnnvey that
<br /> � Borrower's interest in the Property under the terms uf this Security Instrumenr. (b) is not personally obligated to pay the sums
<br /> � s�ured by this Security Instniment;and lc)agr�s that Lender and uny other Borrower rtuty agcee to extend. modify.forbesu or
<br /> I make any accommodnttons with regard to the terms of this Security Instniment or the Note wlthout that�orrower's consent.
<br /> 13.Loan Charges.If the loan secured by this Security Instrurnent is subject to a law which sets mnximum loan char�es.
<br /> und thut law is fnally inte�preted so that the interest or other i�an churges collected or to be collected in connectic►n with the
<br /> loan exceed the permitted limits.then:(a)uny such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted Iimlt;and(b)any sums ulready collec.Ked from Borrower which exceeded permitted limits will be refuaded to
<br /> ' Borrower. Lender may choose to make this refund by reducin� the principal owed under tho Note ar by makin� a dimrt
<br /> - I payment to Borrower. If n refund mduces principat, the reduction wilt be treatesl as a partiul prepayment withuut miy
<br /> i prepayment charge under the Note.
<br /> � 14.Notices.Any notice to Borrower providod for in this Security Instrument shalt be given by delivering it or by mailing
<br /> +; it by frst ciass mail unless upplicable law reyuires use of another methud. The notice shall be directed to the Proparty Address
<br /> ,,: �• , or any other address 8orrower dwsignates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> '� " r;� ' �.ender's uddress stated herein ar any other addresr '�nder designates by notice to Bornower. Any notice provided for in this �_
<br /> ��.'-�; i
<br /> „�,�:,�;`. Security]nstrument shall be deeme�to havc been given:o Borrower ur Lender when given as provided in this parngruph. ;;:;
<br /> '•:�i?:•s•� I5.Governfng Law; Severebility. This Sereurity Instrument shall be �avernod by federal law and the law of the ,�,`
<br /> r^�;i .'-,.
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<br /> � .��-- ; jur�sdiction in which the Property is loc:ited. In the event thut any provisian or cluuse af this Security Instrument or the ote h:
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<br /> r?��•:t,{ � rnnflicts with upplirable law,such conflict sha(l not nffect other provisions of this Secudty Instrument ar the Note which can be : ��'
<br /> :�-`'�: � given effect without the rnnt]ictin�provision.To this end the provisions of this Secudry Instrument and the Note ure declared
<br /> ,i��;:�.``�;��� to be severabie. �
<br /> a�='�=;��.��::�� 16.Borrower's Copy.Honower shall be�iven one conformed copy nf the Note and of this Security Instrument. r+�
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