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<br /> paynients may�iu long�r be reqviral.at the option of l.ender.lf martgage tnsuruncc cAVeruge Un the umount and for thc periad
<br /> �hat i.cndcr r�quires)providcd by un lnsurer nppraved by[.znder nBuin becames avnilable and is obtained.Borrower sholl pay
<br /> the premt�tms tcqutrcd to rreafntuin monsuge insuruncc in effcct.ar to provlde a loss rescrve.unttl thc requirement far mortgugc:
<br /> ic�suruncc ends in nccordence with any written agreement betwern 8orrower nnd I.ender ar uppl[cuble luw.
<br /> 9.Inspertlon. l.cnder or lts agent mAy muke reasonnbla entr�es upan and lnspectians of thc Praperty. Lender shall give
<br /> Borrower n�ttce at the time of or prFor to aa lnspectiun spccifyins masonuble causc for the iaspccttan.
<br /> �O. Conakmtwtion.The proceed� aF any nwsud ar clnim far damuges.direet or conscquentiai. in mrtnection wlth uny
<br /> cnndemnation ur utlTei• tc�kking af any part uf thc Proper�ty,or fur canveytutce in Qieu nf condcmnation, ure hereby nasigncx!und
<br /> shall be paid to Lcnder.
<br /> In the evcnt of u toml mking of the Pmperty,the proce�.g shull be upptled tu tho sums secured by thta Secudty Instrument.
<br /> wfietlter or not then due.with any excess p�ld to Borcawer. In the event of u parclnl taking af the PropcRy in which the fair
<br /> merkei vulue of the Property immedintely before the ta.king iq equui to ar g�eater than the umount of the sums secured by d�is
<br /> 5ecurity Instrument immediately before the takins.anless Borrower and I.ender otherwise ugree in writln�.the sums se.cured by
<br /> this Security I�utrument studl be�edu�:ed by tf�e nmount af the praceeds multiplied by the following frnctian: (n) the to¢al
<br /> amount of the sums secured(mmediately befora the wking. divided by(b)thc fair murket vulue of the Property immediately
<br /> before the taking. Any b�lance shsill be paid to Borrower. In the event of a pattiul taking of the PropertY in which the fair
<br /> market vulue of the Property immedintely before the taking ie less than the simount of the sums secured immedintely before the
<br /> taking.untess Borroever end Lender othenvise agtee in wdtin�or unless applicable law otherwise provldes. the proceeds shall
<br /> be appUt�to the sums secura!by this Security Instrument whether or not the sums ure then due.
<br /> If the Property is abandoned by Borrower.or if,after notice by Lender to Borrower that the con�smnor offers to make sin
<br /> award or settle a clairn for ds�nages,Borrawer fuils to respond to l�ender within 30 Jaya ufier the datc thc notice is �iven.
<br /> L.ender is authorized to cotlect and apply the proceedR,at its option.elther to restoration or repalr of the Property ur to the swns
<br /> secvred by this Security Instmment. whether or not then due.
<br /> Unless L.ender and Borrower othenvise agree in writing. any application of proceeds to principul shall not extend or
<br /> postpone the due date oF the monthly payrt►ents refernd to in paragraphs I and 2 or change the amount of sach paymenu.
<br /> 11. Borrower Not Released; Forbeacance By I.ender Not a Waiver. Extension of the ttme for payment or modificatIon
<br /> of amocti�ation of the sums secured by this Security Insuument�runted by Lender to any successor in interest of Horro�ver shal[
<br /> not operate to release the liability of the orig[nal Borrower or Borrower's successocs in interest. Lender shall not be required to
<br /> commence proceectings egainst any successor in interest or refuse to extend time for payrrtent or otherwise modify Amorazation
<br /> of the sums secured by thls Secudry Instrument by reasun of any demand mnde by the originaf Barrower or Borrower's
<br /> successors in interest. Any forbearance by Lender in exercising su►y right or remedy shall not be a waiver of or preclude the
<br /> eaercise of any right or mmedy.
<br /> 12. Suoccssois su►d Asslgas Bound; Joint and 3everul Ltability; Co-signers. The covenants and agreements of this '�+r
<br /> Securiry Inshument shaU bind and benefit the successors and assigns of L.ender and&�rrower. subject to the provisions of •
<br /> ara re h 17. Borrower's covenanu and a reements shall be joint and several. Any Borcower whu co-signs this 5ecurity •�,r�
<br /> P � P S .�.
<br /> instniment but dces not execute the Note: (a) is co-signin�this Security Instrument only to mortgage, grant and convey that
<br /> Bomower's interest in the Property under the terms of this Security Instrw�eenk (b)is not personstlly obligated to pay the sums
<br /> secured by this Secudty Insm►ment;end(c)agrees that Lcnder and any other Horrower may a�t�ee ta extend, modify.forbear ar
<br /> rnake any acsommodations with regard to the terms of this Security Instrument or the Note without thut Borrower's oonsent.
<br /> 13. Loan Chatges.If the loan se�ured by this Secur�ty Instniment is subject to a luw which sets mazimum loan charges.
<br /> and that law is finally interpreied so that the[nterest or other loan char�es wtlected or to be collected in connection with the
<br /> loan exceed the permitted t{mits,then: (a)any such loan charge shalt be reduced by the amount necessary to reduce the chazge
<br /> to the permltted litnit;and(b)any sums tilready collected from Borrower which excceded permitted limits will be refunded to
<br /> Bomower. Lender may chaose to make this refund by reducing the prirtcipal owed under the Note or by making a direct
<br /> payment to Bonower. If a refund reduces principal, the reduction will be treated as u partlal prepayment without any
<br /> �.
<br /> prepayment charge under the Note. ��'
<br /> 14. Notfces.Any notioa to Borrower provided for in this Securiry Instrument shall be given by delivering it or by mailing
<br /> 4 it by first class mail unless epplicable law requires use of another mcthod.The notice shall be din�cted to the Property Address
<br /> ar ttny ather address Bon+ower designates by notice to Lender. Any nottce to Lender shall be�iven by first class mail to
<br /> I.tnder's address stated hereI�n or any other address Lender d�ignates by notice to Bomower. Any notice pmvided for in thts
<br /> Security 3nstn�ment shall be deemed to have been given to Bomower or Lender when given as provided in this paragraph. �
<br /> IS. Governiag Ls�w; Severabili�y. This Security Inswment shall bc govemed by federal law and the !aw of the „
<br /> jurisdicrion in whtch ehe Property is loaued. In the event that any provision or clause of this Serurity Instrument or the Note 's�
<br /> eontlicts with a�pltcable law,such wnflict shnll not affect other provisions uf this Security Insuument ot the Note whtch c�n be •..
<br /> �Iven effeM without the conflicting provision. To this end the provisions of this Securiry Instrument and the Nate am declnr+ed °''_
<br /> to be severable. �'��
<br /> 16. Borruwee's Copy.Borrower shall be given one conformed copy of the Note and of this Securiry Instrument.
<br /> Portn 3078 9/9D
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