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<br /> payments muy no longer bo required.at the opt�on of Lender. if mortgage insura�ce cc�verage(in� amouru axl far the period
<br /> thnt l.cndcr rcquires)pmvided by nn insurcr npproved by Lendcr agnin becomea uv�itablo uad ia obtatn,�l. Barrowcr shall pay
<br /> thc premiunts rcqulred ta malnYnin mortgago insur,�nce in effer.t,or to provldc a loss rescrvc.until tl�e rcyulrement for mostgugo
<br /> insurance enda in axordnnce wlth any weitten ugceement between Borrower and L.ender or applicable tuw.
<br /> 9. U�spectton. L.ender or itx ugont may muke reuso�►uble entdes upcm nrtd inspecttons of the Pusporty.I.CtidtP SIIAII$�Vb
<br /> iHorrower nptica nY thc timc of ur prtor ta an inspcMion spccifying rcasonablc cause fae the ins�Cxtion.
<br /> 10. Condemnallon. The praceeds of any nwnrd or cluim for d�uiwges.dit�ect or cansequential, ln connectton wlth any
<br /> concfemnatinn or ott�er taking c�f nny pan of the Properry,or for conveyance in lieu af condemnadon,are hereby nsslgnod und
<br /> shull be paid to Lender.
<br /> ln the event of n total tnking af the Propecty.tho proceeda shall be applied to the sums secured by thia Securiry Insm�ment,
<br /> whether ar not then due, with nny excess paid ta Borrawer. In the event af u partiai tnking of the Property in which the ff►ir
<br /> murkM vulue of the Pmperty immediutely befare the tnkin�is equal to ar greater than the amount of the suma secured by this
<br /> Securlry Instrument lmmediately before the taking,unless Borrower and Cxnder otherwise ugree in writing,the sums secured by
<br /> tt�s Secudty Instrurr►ent shnU be ee�uced by the umount of the praceeds multiplied by the followin� fracdon: (u)the total
<br /> amount of the suma 6ecured imme�iately�before the taking. divided by(b) the fair mnrket value of the Praperty immediately
<br /> beFore the taking. Any balance shull be paid to Borrower. In the event of a partial taking of the P'roperty in which the fair
<br /> market value of the Property immedintely before the taking Is less than the amount of the aums serured imiuediately befom thc
<br /> taking, unless Borrower tutd Lender atherwise a�ree in writing ar unless applicable law otherwise provides. the proceeds shall
<br /> be apQ(ted to the sums secured by this Secudry Instrument whether or not the sums are then due.
<br /> If the Property fs abandoned by Borrower,ar if,after notice by Lender to Borrower that the condernnor offers to tnalce an
<br /> award or settte a ciaim for damuges. Burrower feiis to respcmd ta Lender within 30 days t�fter the dete tha nndcc Is given.
<br /> I.ender is uuthodzed to collect end npply the procexds,at its aption,either to restoradon or repair of tha Property or to the sums
<br /> � secured by thia Securlty Instnunent.whether or not then due.
<br /> UNess Lender and Hortower othenvise agree in writing, su►y application of proceeds to pdncip�l shull not extend or
<br /> postporte the due date af the monthly payments referred to in paragraphs I and 2 or change the amou�t of such payments.
<br /> Il.Bormwer Not Released;Forbearaace By Lender Not a Waiver. Fuctansion of the time for payment ar madlScation
<br /> of amurtization of the sums secured by this Secudry Instrument granted by Lender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the ariginai Borrower or Borrower's successors in interest. Lender shall not be requ[red to �,
<br /> � �y° cammence pmccedings against eny successor in interest or refuse to extend time for payment or otherwise modify amortizadon
<br /> of the sums secure� by this Securlty Insteument by m,uson of any demand madc by the or�glnal Borrower or Barrower's
<br /> successors in interest. My forbearance by Lender in exercising any r�ght or remedy shall not be A waiver of or preclude d1e
<br /> cac�Li�uf ai�y right or refn�ty.
<br /> ,;, . 12. Suocessors and Asstgas Bound;Joiat and Several Ltabiltty; Co-signecs. The covenunts and agreements of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Hormwer, subject to the provIsIons of
<br /> ��.�� paragraph 17. Borrower's covenants and agreements shall be jaint and several. Any Borrower who rn-signs this Sscurity
<br /> , �u'�'
<br /> , Instrument but does not execute the Note: (a) is co-signing this Securlry Instrument only to mortgage. grant and convey thnt
<br /> r,;•i� � '' Borrower's interest in the Property under the terms of this Security Insuument; (b)is not personally obligated to pay the sums .��,
<br /> •'"�' sccured by this Security Instrument;und(c)agrees that I.ender and any ather Bc�rrower mny a�ree to extend.modify.forbear or `•;;-
<br /> make any accommodadons with regard to the terms of this Secudty Instrumcnt or the Note without that Borcower's consent. "�'• .
<br /> � �+;; 13.Loan Churges. If the loan secured by this Security Instrument is subject to a inw which sets maximum loan charges, `"��''
<br /> and that law is finally interpreted so that the interest or oth�sr loan charges collected or to be collected in connettion with the � �,.h
<br /> loan exceed the pertnitted limits,then: (a)any such loan charge shal!be reduced by the umount necessary to reduce the char�e :
<br /> to the permitted limit;and(b)any sums alreudy coUected from Borrower which exccedecl permitted limits will be refunded to ,;;,';
<br /> Borrower. I.ender may choose to make this refund by reducln� the princtpal owe� under the Note or by makjng a direct �-
<br /> - payment to Borrower. If a refund reduces principal, the reductian will be treated as u partial prepayment without any �•;r�^
<br /> ' �''' prepayment charge under the Note. "
<br /> 14.Not[ces.Any notice to Borrower provided far in this Secudty Instrument shall be�iven by delivering it or by maili�sg
<br /> ••�:�, �; y�;* it by ftrst class mai!unless applicable law requires use of another method. The notice shnil be dimcted to the Property Address .���,;t�:
<br /> `K�°':'�;� or any other addmss Borrower desi�nates by nodce to Lcnder. Any notice to L.cnder shall be given by first cless mail to '�'`'
<br /> . ''' ''`� I.ender'�addmss stated herein or any ather address Lender designates by notire to Borrower. Any notice provided for in this �:;�
<br /> Secudty Inctrument shall be deemed to have bcen given to Borrower or I.ender when given as provided in this puragraph. `�'
<br /> ~ �'`'`'� 1S.Governing Law; Severability. This Securlty Instcument shall be �ovemed by federat law and the law of the
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<br /> �'�;�;'�t Jurisdtction in which the Prope�ty is located. In the event that any provision or dause of thts Secur�ry Instrument or the Note
<br /> � ;v�•�`�,�. conflicts wtth upplicable luw, such conflict shall not affect ather 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 Securiry Instrument and the Note are declared �
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<br /> � ''ra to be severable.
<br /> �=''�"'�`^`'�'; 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrumcnt.
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