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<br /> pymaWs m�y no langer be requirod,at tha aption at i.axla�.if mort,�i!�wranoe oovm�ge(In the�rwwut,�e�d tur tb�pq�bd
<br /> Ifiat�.ender requicts)pmvidal by en�n�u�rr�provcd by I.cndsr�ga�n 6ecames�vailY6le md I�alxained. &►rmwer ah�i!paY
<br /> thr.pncmiumti rcquire�to maintrin mortg�ge inyuranc:e in effoct,or to proufde a lasc res,erve.until tho rcxtuircmeAt fur rnort�{e
<br /> in.�urnsicn eixt�in�rd�r�ec wltl�ar►y wdtten Rgceranent batween Borra�wr,t aM[,ertider or appHcabls law.
<br /> !.Inpeclbn.l.ender or its w�ent m�y nttkc reasat�blo entdes upan end Inspecti6na of t1x I'ropeity. [�sh�ll�ive
<br /> 8orrower nwica i►t the time of or prine to an inspoctian spocifyln�nuanable cause for,the insportion. �
<br /> 10. Condenrewtiod.The prociede af�ny awaed or cl�im tor danuigea,direct or canaequattial, ln connatian witll��ny
<br /> mndemnation or other taking of eny pun of the Property,ar for convey�nce in ltw of cond�ennat3nn.are t�y ussignod end
<br /> st►�II be paid to Letder.
<br /> !n thc event of u total taking of th�Prope�fy.tho pracoods�hall be opplicd to the sums secured by this Socurity Jneuumaft.
<br /> whether or rtot thcn due.with any cxcess paid to Bormwer. In ttte event of s partial t�kiag of the Praperty in whlch the f�i�
<br /> market vcdue of the Property immedtauly before the taking is equal ca or grcater than the amount of the sums securod by thia
<br /> Srcurity Instn►ment lmmodtately before tho taking,unles.s Basower and Le��ier wherwlse agree in writing,tbe sums xorurod by
<br /> this Saudry Instrument sha11 be reduced by We t�mouat of the proeeeds mqldplie� by the following FixctIan: (s) the cotal
<br /> Amount of the sums secund ImmedIately befo�the taking.dIvidod�y(b)the fair auu�ei vxlue of the Pnnperty immodlaWy
<br /> 6efore the wking. My balance shaU be paid to Borrower. I�the evem of a part3�l taking af tho Property jn wh�ch the fur
<br /> market value of the Property imcriod3atcly b�fore the tn{dng is less than the umount of the sutns aeCUra!immod3ately beforc the
<br /> taking,uNess Borrower and I.eader otherwise agrce in wridng or unless applicahte!aw otherwise provides��the praoecds xha!!
<br /> be upplied to the swus serured by thts Securiry Instrument whether or not thc sums arc then due.
<br /> If the Property Is nbandaned by Borrower.or if.after s►oHoe by Lender to Borrower that t&e condemrwr of�'ers ta nu�ks an
<br /> award or settle a ctaim far dsinagts. Barrawcr fails tc� tcspoisd tt�H.c�dct wit6fs� 30 days aftcr th�clata�lft tarst�� Is given.
<br /> Lender is suWorize�w coUect and apply the prooeeds.nt ita apdua,either to restoratton or mpair of the Pmpeny or to tho sums
<br /> secured by this Secwity Lutrum�ent.whether or not then due.
<br /> Unles.4 I.ender and Bomnwer otherwise agree in wddag� any applIcauon uf pmoe0da to principal shall not extend or
<br /> postpone the due date of the monthly paymenta refert+ed w in pata�aphs 1 and 2 or change the amoune of such paya�eats.
<br /> ll. Bornower Noi Released;Forbearance By Leader Not a Waiver.Hxtension of[he time for payaunt or modificattun
<br /> of umortiwtion of the sums�ecured by this Security Insmiraent granted by I.ender to nny suonessor in inten:st of Borrower shall
<br /> not operate to relcase the liability of the original Borrower or Born►wer's�successors In interest. Lender shall not bc roquired t,o
<br /> commence proceedings agaiast any successor in interest or refusc to eutend time for payment or otherwise raodlfy auwrtization
<br /> of ttie s�rns secured by this Security Instiument by reason of. aay demand made by the original Borrower or Borrower's
<br /> suca�sors in interest. Any forbearance by l.ender io exercising any right or remedy shall not be a waiver of or pre�clude the
<br /> exe�ci�aY�ny sight ar�y.
<br /> 12. Suooesso�s aad Assfgav Bound; Joint end Severnt I.inMlity; Co-slgaers. 'Che covenants and ug�nents of this
<br /> Secunty Inst�ument shall bind and benetIt the suocessors and assigns of Lender and Bornower, subject to the pmvisions of
<br /> para�raph 17. Borrower's covenants �nd agreements shall be joint and several. My Borrower who co-signs this Secttdty
<br /> Insnument but does not execute the Note: (a) is co-sjgning this Security Insnvment only to mortgage.grnnt and oonvey that -
<br /> Borrower's interest in the Property un�iea the terms of this Security Inatrumenr.(b)is not personally abligated to pay the suros
<br /> `� secured by this Security Iastrument;and(e)agrees that Lender and any other Borrower may a�ee to extend.modify.fotbe�r or
<br /> make eny accommodattons with regerd to the terms of this Secudty Inswment or the Nate without that Bflrrower's consent.
<br /> 13. Loan Charges.If the loan secured by this Secudty Instrucnent is subject to a law wluch sets maximum Ioan charges.
<br /> and that law is finally intetpreted so that the interest or other loan cherges collected or to be collected in corutection with th�
<br /> loan exceed the permitted limits, then: (a)any such laan charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limIt;and(b)any sums already coticxted from Borrower which exceaded permitted timits will be rePonded to
<br /> Borrower. I.ender may choose to makc this c+efund by rerlucing the pr�ncipal owed under the Note or by makIn� a direct
<br /> puyrnent to Borrower. �f a refund re�luces principal. the recluction will be treated ns a partIal prepaycnent without any
<br /> • -�-� prepayment charge under the Note.
<br /> ` 14. Not�ces.Any nodce to Bortower provided for tn this Sr;curity[nstrument shull be given by delivering it or by malting
<br /> • -�;-��',,.�A, it by first class mail unless applicable law requ�ms use of another method.The notice shaU be directed to the Property Addross
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<br /> ;,,;,7�,:�f� or uny other uddress Borrower designates by notice to L.ender. Any notice to Lender shall be given by first class mail to
<br /> • ,;;:�N,.;. •: Lender's address stated hereia or any other address Lender desisnates by notice to Borrower. Any notice provided for in this
<br /> -�-�"�'•'• ' Securit [nstrument shall be deemed to have betn wen to Borrower or Lender when iven as rovided in this h
<br /> � �i'��` ��- 15. Governi L.aw; SPVerabili This Secud Instrument shull be ovemed b federal law and t�he�w of the
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<br /> ''" jurisdiction in which the Property is located. In the event that any provision or clause of this Secutiry Instrument or the Note
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<br /> •-.,.;;�j. • , mnflicts with applicable lnw,such mnflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> _ ,?" �'� given effect without the conflictin�provision.To this end the provisions of this Security Instcument and the Note are declared
<br /> ', � .. . .. to be severable.
<br /> `�N ° -- •� 16. Borrower's Copy.Borrower shalt be given one rnnformed copy of the Note sind of this Security Instrument.
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