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<br /> paymenta may no longcr be roquircd.at the option of I.endcr. if martgagc insuranoo covere��in�he e�nount�nd Eo�r the�xricxf
<br /> that i.ender rcquirc�)pravlded by an innurer approved by L.ender ugain becomcs a�uilablo and iA obtained. &�rrower shuli�pey
<br /> thc prcmiums rcquired to mainto3n mort�ugo insurunca in effect,or to pmvide n lass reserv�,untll the rcquir�:mcn4 t�r mortgago
<br /> insurance ends in accordance wfth nny writtcn ugrecraent betwa;en Borrawer and Lendec or nppticuble law.
<br /> 9.lnspoction. I.ender or lts ugcnt mny makc reusonable entrteg upon cu►d inspectlons of the Praperty.L.ender sh�l1 give �
<br /> Borrowsr notice at the time of ar pr[ar to fu►inspection specifying reuse�aubio cnusc for the inspectton.
<br /> 10. Condemnallon.Thc proceeda of ur►y uward ar claim for damages, direct or cansequential. in canrzacxion with any
<br /> coad�tnnadon or othor tuking nf�ny�art of the Aropert�. or for canvcynncc in lieu of condetnnatton, are hereby assigtsed aild
<br /> ehal!be paid to Lender.
<br /> In the event of a total taking of the Property,the prucc€ds Rhull be Applie�!to the sums secured by thls aecudty InstNment.
<br /> whether or not then due� with any excess paid to Borrower. In the event af a psirrtinl wking of the Proper¢y in which tho fair
<br /> market vulua of tt►a Property immediutely before the taking!s equal to or greate:thnn the su�ount of the sums secured by this
<br /> Security instrument immediately befaro the taking.unless Borrower nnd Lender othenvise ugc+ee in wridng. the suins securod by
<br /> this Security instrument ahaU be ralnced 6y tha uraount of the proceeds multiplieci by the following fraction: (a)the totnl
<br /> amount of the sums secured iauae�iniely before the tnking.divided by(b) the fair market value of the Property imtnediately
<br /> before the taking. Any balance shafl be puid to Borrower. In the event of a partial takiag of the Propesty in which the fuir
<br /> market vulue of the Property immediately befare the teking is less than the amount of the sums secueed immediately before tho
<br /> taking. unless Borrower and I.ender otherwise agcce in wr�ting ar unless applic�ble luw otherwise provides.tha proceeds slwU
<br /> � be applied to the sums secured by this Secudry Insuument whether or not the sums are then due.
<br /> If the Property is ubandoned by Borrower.or if.after notice by I.ender to Borrower that the condemnor offers W make an
<br /> nward or settic a ciaim for damages. Borrower feils to respond to C.ender within 30 duys after the date the noGce Is given,
<br /> I.ender is authoriaed to collect and apply the proceeds.at Its option.either to restoration or repair of the Praperty or w the sums
<br /> secured by this Securtty Instrument,whether or not then due.
<br /> Cinless Lender and gormwer otherwise agree in writing, any applicutton of proceeds ca princtpal shail not extend or
<br /> � postpone the due date of the monthly payments referred to in paragraphs l and 2 or change the a9nount of such payments.
<br /> 11.Borrower Not Released;Forbeaeencc By Lender Not a Wsiver. Extensian of the time for payment or modification
<br /> of amorti7atIon of the sums securesl by this Secudty Instrument granted by Lender to Any successor In lntetest of Borrower shall
<br /> noi operate to release the liability of the original Borrower or Horrower's successors in interest. Lender shail not be required to
<br /> rnmmec�ce prncF.edings against any successor in interest or refuse to extend time for payment or othenvise modify amort[�ation
<br /> '� of the sums secureci by this Security Inst�ument by reason of any demand mtide by the original Borrower or Borrower's
<br /> "� successors tn interest. Any forbearance by Lender in exerciaing any right or remedy shall not be a wa{ver of or preclude the
<br /> '.. '' .. � �.Y�rcisc uf any�right or remedy.
<br /> ,� 12. Successors and Assl�ns Bound;Joint and Several Liubiltty; Casigners. Tha covenants and agreemenu of thls
<br /> ,�,•'� � `��� +�� Security Instrument shall btnd and benefit the successors and assf of L.ender und Borrower, sub ect to the rovialons of
<br /> �',�itiF. •�,.��•' � l P
<br /> �t�.;:t i:�;,�;��.� paragraph l7. Borrower's covenants and agreements shall bc joint and several. Any Borrower who co-signs this Security
<br /> � `.�4��.`� �� Instrument but does not execute the Note: (a) is co-signin�this Security Inanument anly to mort�age.grant and convey that
<br /> �:.
<br /> ;.�; �� y :�,;��; Borrower's inte�+est in the Property under the temu of this Security Instrument;(b)is not personally obligated to pay the sums
<br /> `• �• {�r'•` �•' secured by this Security lnswment;and(c)a�cres that Lender and any other Borrower may a�ree to eatend. madify. forbear or
<br /> :�;
<br /> ,,,:.;�;� ,.,,. �- malce any accommodations with regurd to the terms of this Security instrument or the Note without that Borrower's consent.
<br /> t .:��• .'�'•�; 13. Loan Charges. If the loan Secure�by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> ' :��,�, and that law is finally interpreteci so that thc intemst or other loan charges capected or to be collected !n connection with the
<br /> •��;¢.�;., loan exceed the permitted lfmit�.chen• (a)uny such loan char�e shuU be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit;and(b)any sums almady collected from Borrower which exceeded permitted limits wip be refunded to
<br /> �i Borrower. L.ender may choose to make this refund by reducin� the principal owed under the TTote or by making a direct ..
<br /> ���'�'±�� payment to Borrower. If a refund reduces principal, the reduction wiU be treated as a partial prepayment without any .;�
<br /> �a_��'�'�> � prepayment char�e under the Note.
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<br /> t 14.Notices.Any notice to Borrower ptovided for in this Secudty Instrument shall bc given by detivering it or by mailing . ,
<br /> �.t,:��-�`'`�'���1'.`•".� it b first class ma�l unless a licuble luw r uires use of nnother method.The notice shall be ditecteat to the Pro Address � ''`
<br /> Y PP e4 Pe1'�Y �,s�-
<br /> ' � -• or any other address Borrower designates by noticc to Lender. Any notice to Lcnder sh�l1 be �iven by first class mail to ' ��
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<br /> ''`•° Lender's address �tated hemin or any other address [.ender designatcs by notice to Borrower. Any noticc provided for in thIs
<br /> „ ,,:;�•,=�� � • Security Instrument shall be deemed to have bcen given to Borrowcr or Lender when given as provided in this paragraph.
<br /> 13.Goveming Law; Severability. This Security Instrument shall be governed by fcdcral law and the law of the •
<br /> , jurisdictian in which the Propeny is located. In the event that uny provision or clause of this Security Instrument or the Note
<br /> Y•��,�..�., , mntlicts with applicuble Inw, such rnnflict shall not affect other provisions of this Security Instrument or the Note which can be ;
<br /> :,, .�, given effect wjthout the conflIcting provision. To this end the pruvisions of this Security Instn�ment and the Note are declared
<br /> °�::. to be severable.
<br /> _ . 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security instrurnent.
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