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<br /> paym:.nts�t�y nn langer!ie reqtefned.ci!thz option nf I.ender,if xn�ngagc las�ra�ux covcr�e(In�hc Wr�xwn�end ii,r►he 1�"� , .
<br /> thnt l.e��dcr requires)�r�vidaf d�y an iiiszirc�npproved by[.cndcr ngui�i bcc�on�es uvuilublo aixl 8s ubtat«cc1.&��ruv�e��shu�1�Y
<br /> thc pre►�,lun�s required to nu►intuin nwrigagn insurar�rc!n ot'fect,nr to prc�vfde a loss resc:ve,until tho�t�ufrement far�n��rtgaga
<br /> insurAnee end9ln aucordance with any wdtten agrament betwaa Barrower snd Lender or epplicable taw.
<br /> 9.Inspection. I.ender ar ita agant may make reasanablo entdea upon and inspecttans af the Pmperty. I.,ender�slwll�ive .
<br /> Borrower nwieu at the dme of or prfar to an inspection spocifying ra�aonable awse fos the inapectian. �
<br /> 10.Condemnatlon.The proceeds of nny nwtud or. clutm far dumages.direct ar consequential. in cc►nnxtian wlth any
<br /> wndemnation ar other tukin�of any part of the Property.or for conveyance in liw of condemaatlon.sre het+eby a�sigtbd n�d
<br /> shall be pnid ta Gender.
<br /> In the event of u touti wking of ttie Property.the procceda ehnii be applied to the sums secvred by thEs Scaurlty instrument.
<br /> whether or not then due. �vith nny exc�s pald to Borrower. In die event of a partial toking of the Pmpecty in which tf�e fair
<br /> market valuo af the Property immedtuteiy befot+e the ttt{dns is equal!o�r ge�uter than the umount of the sums aecurcd by thia
<br /> Securlty Instnunent tmmedtately before the wkiag,unl�ca Barrower wid L.ender otherwlse agree in writing,the sums securbd by
<br /> this Security Inst�ument shs�ll be reduced by the amount of die proce�s multiplied by tt►e followtng fraction: (a) the totai
<br /> amaunt of the sums secured immediately before the taking. dlvided by (b)thc fuir market value of the Property immediauly
<br /> before the taking. Any balance shall be paid to 8orrower. In the event of a pattiN wking of the Property in which the fair
<br /> market vnlue of the Property immedisuely before the tnlcing ls less than the amount of the sums secured Im�r�ediately before the
<br /> taking. unless Borrower and Lender athenvlse ugreE in wriHng or unless applicable law otherwisa provldes.the prooeeds shull
<br /> be applied to the sums secured by this Se�urity Instrument whelher or not the sums a�then du�.
<br /> If thc ['roperty is abarMorted by Horrower.or if,aRer nolice by Lender to BoROwer that the candemnor affers to make an
<br /> awurd or settle a clnim for da�nages. Borrower fails to respond to I.ender wtthin 30 days after the date the not�ce is given.
<br /> I.ender is uuthorizod to col(ect and apply the proceeds,ut its option.either ta restoratton or repair of the Property or to the sums
<br /> secure�by thIs Secudty Instrument,whether or noi then due.
<br /> Unless Lender and Borrower otherwise agnee In writing. any application of proceeds to principal shall riot exund or
<br /> postpone the due date of the monthly payments referred to In paragraphs 1 nnd 2 or chnnge the emount of sucb payments.
<br /> 11.Rarrower Not Releasedi Forbeartutce By I.ender Not a Weiver. Bxtension af the time for payment or modification
<br /> of umortlzaUon of the sums secured by this Security Instrument�anted by Lender to any successor in interest of Borrower shall
<br /> not operate to releacQ the liability of the original8onower or Barrower's successors In interest. Lender shatl not be requlred to
<br /> commence pmceedings against any successor in interest or refuse ro eatend time for payment ur otherwise modify tunorti7ation
<br /> of the sums secured by this Securiry Instniment by reas.on of any deman�i made by the original Borrower or Borrower's
<br /> succ�,or� 3n ias�cr�t. An� forliesrsnce by Lxrsder in ex�rsi�Ing eny ri�ht nr rem�cly shall not be a waiver of or preslude the
<br /> exercise of any right or remedy.
<br /> 12. Successo�s aad Assi�nns Bound; Jolnt and Several Ltabptty,Co-stgners. The covenanu and a�reemenu uf this
<br /> Socurity Insdument shall bind and benefit the successars and assigns of I.ender and Bormwer. subject to the provislons of
<br /> paragraph 17. Borrower's covenants and asreements shall be joint and savernl. Any Borrower wha co-signs this Secw�ity
<br /> Inswment but does not execute the Note: (a) is co-signin� this Secwity Instrument only to mortgage, grant and convey that
<br /> �.:. �,, , Boaower's interest in the Praperty under the temu of this Security Instnimenr, (b) is not personally obiigated to pay the sums
<br /> serured by this Secur�ty Instcumenr,and(c)agrees that L.ender s�nd any other Barrower may�gree to extend.modify,forbear or
<br /> � w • make uny acwmmodations with regard to the terms of this Security Instrument or the Note withoue that Borrower's cansent.
<br /> 13.I.oan Charges.If the loan secured by this Serurity Instrument is subject to a law which seta ma�cimum loan charges.
<br /> and that law is finally internrcted so that the interest or other loan char�es collected or to be coUected !n rn�ection with the
<br /> loan exceed the permitted limits,then:(n)su►y such loun charge shull be reduced by the amount nesessary to reduce the charge
<br /> to the permitted limit:and (b)any sums alreudy collecte�from Borrower which exc.eeded permitted limits will be refunded to
<br /> � ' Borrower. Lender may choose to make this refund by reducjng the principal owed under the Note or by makin� u dlrect
<br /> payment to Bonower. If a refund reduces principal, the reduction wilt be trcated as a partial prepayment without any
<br /> � �:�: prepayment char�e under the Nate.
<br /> �:�:��•"• :,�`'• 14.Notices.Any notice to Horcower provided for in this Security Instrnment shall be�iven by delivering it or by matling �
<br /> `'���,A•�{�; ��� it by first duss►nail unless applicable!aw requires use of anaher methc�d.The rtotice shall be directed to the Property Address
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<br /> fi_�;.:,�,�,;���: or any other uddress Bonower desi�nates by notice to Lender. Any notice to Lender shall be given by first ciass mail to i
<br /> - •�x�� I.ender's address stated herein or any other address Lender designates by notice to Borrower. Any nodce provided for in this _
<br /> -�_'�: :"'' Security Instrument shall be deemed to have been given to Borrower or I.ender when given as provided in this paragraph. �n
<br /> � . 15.Governing Law: Severnbtlity. This Security Instrument shall be govemed by fcderal law and the law of the +'',
<br /> ����. jurisdictian in which the property is located. In the event that any provision or clause of this Securlty Instrument or the Note
<br /> , � L'`"`-��' conflicts with a l�cable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be
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<br /> .rr ,;, �iven effect without the confli�ting pmvi�ion. To this end the provisions of this Security Instrument and the Note are dectared
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<br /> ��--;.. ;•��;=w;�•.. to be xverabic.
<br /> �°-`"�.:�f�':"::r`• . 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument.
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