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<br /> 'payment�mi1,v nA longer be roqutrod,�t thc aption of A.ender.�f mangage ineunfrcc c4ver�ge i��►the�mount�nd toc tha pariod ' �
<br /> �hat[.citdcr requires)provtded'�y nn i�i�;urer nppr�ved by I,end�r a��{n hCCC►mcs�►vAitnb►C orxi l�i ahlainGd. �omuwrr tihall pny
<br /> the prtmfums requirod to nu�ir�tain ntartgaga ir.surancc In o47ect,or to ptav�dc a loss tc!�trve.untf I Ihe Ycyuircm�nt fnr rnaK$age
<br /> iaouranee cnda€n acc:nrdiunoo with�ny written agrrxment betwan Born,wer And ixncler ar s�ppllcxble law. .
<br /> 9.Inspection.I.endor or ite Kgent muy m�ke reasorssbte entrisa upon and lnspectians af the l�operty. l.ender shall give
<br /> Bornower notfc�e at the Hme uf ar prior to an lnspectfon eprcifyfng rcason�ble caasa for tho inspoatIon. ��
<br /> 10. Condemn�tlan. The pmaocds of any award or c[sim fcfr damages,direct or consequer►t{a1.in oonnxtlorl wlth any
<br /> co�i�.ni�u►2tou ur otikr takl��g�f w�y prf7 of the Peop:rty, or t'ar oanvey�nce ti�Ilr:u of condcnuiation,arc her�by u:sisr�:d�d
<br /> shall be peid to Lei�er.
<br /> 1n the evcnt of e total taking of the Property.tho pn�ceods shall bo applied to the sum.q secured by this Securety Insuurn�nt,
<br /> whether or nat then due. v+lth any exoess paid co Borrower. In the event of a partia! taking of the Fmpc�ty� in whicla the fair
<br /> market vulue of the Pro�rly immeciistely before tho takirng is equa�to or greater thun the naiount of the sunn�.y securod by thts
<br /> Secudry Instcument immcdlutely befon the ts+king.unless Barrowcr and Lendcr otherwIse ugre�in wtiting.the sums s�xurod by
<br /> th�s 5ecurity Instruaicnt shall bc rcduced by the amaunt of the proccxds multiplicd by thc following fraction: (o) the totol
<br /> amaunt of the sums seau�l immediately.bafore the takipg;divided by(b) the fair a►arket valu�of the Propetty irnmedlately
<br /> before the taking. My balance shall be paId to Bomnwer. In the event of n partial wking of the Property in whlch the fair
<br /> mnrket value of the Property immediately before the takins is less than the nmount of the sums secu�ed immedlately 6eforc 1fie
<br /> taldng,unless Borrower s�nd L.ender othanvIse agreE in writiag or ualess applicable!aw otherwlse provides, the proceeds ehall
<br /> be nppliod to the sums secur�t by this Secudty Instrument whether or not the sums arc then due.
<br /> If the Property is abandoned by Borrower.or if.aRer notice hy Leader to Borrower that the coademnor offers w�aake aa
<br /> � award or settle a claim for dnmages,Borrower fuils to respond w Lender within 3U days after the date the noNce ia given,
<br /> . icnder Ia authoriud to coll�cct and alsply the p�s,at I�s optfon,either to reswratFon or repair of the Property or to the sums
<br /> s�curnad by this�ecurity Instrument, whether or not then due.
<br /> UNese L.ender and Borrowel othenvise agree In wridng. any application af p�s to principa!shall Roi eatend or
<br /> �postpone the due date of the monthly payments�eferred to in paragraphs 1 and 2 or change 4he amount of such payments.
<br /> 11.Borrnwer Not Releasedt Forbearance By Lender Noi a Waiver.Bxtension of the t�me for paymem or mudiHcation
<br /> flf amortizatIon of the sums secured by this S�cudty Instcument granted by L,ender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the ori�Inul Borrower or B�orrower's succes.cors In intemst.L.ender shsU not be reguired to
<br /> aommence prnceedings agaiast any successor in interest or refuse to extend time for payment or otherwise modiFy aznortizatlon
<br /> of the sums secured by this Security Insuument by reasan of any demand made by the odginal Borrower or Bo�rmwer's
<br /> successors in interest. Any forbeazance by Lender in exercisins any �ight or remedy shall rtot tse a waiver of or prerlude the
<br /> ex�rcise of any rlght or remedy.
<br /> 12. Suocessors and Asslgns Boand; Joint and Several Liability; Co-signers. The covenants and agreements of this
<br /> Secudry instnunent shall bind and benest the sucxessors and assigns of Lender and Borrower. subject to the provisions of
<br /> paragraph 17. Bonawer's covenants and agreements shall be joint and several. My Borrower who casigns this Security
<br /> Instrument but dces not execute the Note: (a) is co-signin�this Security Insaument only to mortgage, grant and convey tBat
<br /> �Borr�ower's interest In die Propecty under the terms of this Securfey Insteucaent; (b)is not personally obligated to pay the eums
<br /> socuned by this Secudty Inatrument; and(c)agrees that Lenderand any other Borrower may agree toextend,modlfy. forbea�or
<br /> mahe any eccommodatlona wlth regard to the terms of this Security Instrument or the Note without that Boirower's consent.
<br /> 13.Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> and that luw is finaily interpretei!so thut the interest or other loan charges collected or to be collected in connection wlth the
<br /> loan exceed the permitted limtts.then:(a)any such loan churge shal!be reduced by the a�nount necessary ro roduce the charge
<br /> to the permltted limir. and(b)any sums already collected from Borrower which exceeiied permitted limiu will be refunded to
<br /> Borrower. Gender may choose to make thls refund by reducing the principal owed under the Note or by making a diract
<br /> payment w Borrower. If a refund reduoes principal. the reduction will be treated as a partial prepayment without any
<br /> prepayment ch�trge under the Note.
<br /> 14.Notices.Any notice to Borrowor provided for in this Security Instrument shull be given by delivering it or by malling
<br /> it by first dass mail unless applicable law requires a�e of unother method. The notIce shall be directed to the Property Address
<br /> or any other address Bonower designates by notice to Lender. Any notice to Lender shalt be given by first class mail to
<br /> Lender's address stated herein or any other address Lender desjgnates by notice to Borrower. My notice prov[ded for in this
<br /> Securiry Inshument shall be deemed to have been given to Borrower or Lender when�iven as provided in this paragraph.
<br /> IS.Governln�; La�v; Sevezabiltty. This Security Instiument shali be governed by federal law and the law of the
<br /> jurisdictlon in which the Property is located. In the event thnt uny provision or clause of this Secudty Insuurnent or the Note
<br /> conflicts with appltcable law.such conflict shall not affect other provisions of this Security Instrument or the Note which cen be .�=;
<br /> given eff�t without the confltcting provision.To this end the provisions of this Security Instrument and the Note are declared � "
<br /> to be severable. 's'
<br /> 16.Borrower's Copy.Borrower shall be given one oonformed capy of the Note and of this Securiry Instcument. ;:;
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