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<br /> paynx:nts mny i�o longer be rtyuirod,at the optfon af Lenclee,if mo�agago insuran�e caveruge{�n the o+nount and for the pertod
<br /> thrat I..citider rcquirts)provided by an insurcr nppravc�l by I.�;ndcr aguln U�:comes avuilablc uncl is obtaincd. t3orrowcr shaU pay __
<br /> thc prcmiums rcquired to rnaintaln mortgage iiisurancc in cffcct,or to provide a loss reserve,unti! tlie requircn�nt far mo�tgege
<br /> iifsurruc::,ci.ils ia sccordanc�t�itii any t�ritten v�s�.r.ment between Rorrower and Lender or upplicnble Inw. - .
<br /> 9.I�pecQion. Ixnder or its agent muy make reasonable entries upon and inspoctlons of the Property. l.ender shall givc
<br /> Bormwer notire at the time of or prtor to an inspection specifying reasonubte cuusz far the iaspectian.
<br /> 1Q. Condemnatlon.The proceeds of nny uward or cluim for dama�es,direct or consequential, in com�ection with uny =_
<br /> condemnatian or other taking of any part of the Property, ar for conveynnce in lieu of condemnation, are hereby nssigned and __
<br /> shxll bc patd to Lcnder. `:;=.¢`�`
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<br /> In thc cvcnt of a total ts►king of the Ptoperty, the procceds shall be applied to the snms sccared by this Security lrstn►ment, �,-
<br /> �„�....
<br /> whether or not then due, with uny excess pald to Qanowcr. In d�e event of n partiul tuking of t}�e Prope�xy in which thc fair ,,-__
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<br /> ►narket value of the Property immediutcly bc:fore the takin�is equal to or greater than thc m►to�nt af the sums secured by this Y„•_,_
<br /> S�ecurity Instrument immediately before the taking.urdess Borrowcr and Lender othenvise aII�ce in writing.thc sums secureci by ;,__
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<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fmcuon: (a) the towl �:,�_.
<br /> umount of the sunis securcd immaiiately before the taking,divided by(b)the fcur market value of the Propeny immediatcly �;�;;v�-
<br /> before thc caking. Aay balance shall be paid to k3orrowcr. [n the event of a parti�l tnking of the Property in which thz fair �°�_
<br /> market value of the t'ro�►er[y immediately before Qie tuking is less than thc amount of the sums s�cured immediately hafore the �'�`���
<br /> takiug. unless Borrower:uid Lender othenvise agree in wciting or unless applicable law otherwisc provides, thc procceds shall
<br /> ��,��
<br /> �c uppiied to ihe sums srcueed by thiF Sec.uriry instmrnent whether ar not the sums are then due. �°�-
<br /> �� �----•:-...ti••���.±a.r„unnowrr thar the condemnur offers to make an
<br /> lt the Yraperry is aounaonr•i oy nuiiuwc�,vt i�. au�.� �w���..�..� f-=ry�,
<br /> awucd or setde a cluim for damages. Borruwcr fails to respond to Lcnder within 30 days aRer thc datc the notice is given. �s•�i:
<br /> Lendcr is authorized to rnilect aad apply the proceeds. at its aption.either to restoration or mpair of the Property or to thc sums
<br /> secured by this Securiry[nstrument,whether or not then due. ��`�
<br /> Unless i.ender and Borrower othenvi�,� agree in writinb, any application of proceeds to principal shall not extend or ���L;.
<br /> postpone d�e due date of the monthly payntents referred to in paragraphs l and 2 or change the amount of such payments. �'._,'
<br /> 11.Borrower Not Released;Forbcarance By Lender Not a Waiver.Ex¢ension of the time fot payment or modification �5r.
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any success�or in interest�f Borrower shall .�,`::
<br /> not operate to retease�tee iiabiiiiy oi ii�c utibir�a� �����u::r ar Lam�er'� sL w..`:AS'�in!ltLt'rr.t. T rnder chall not 6e requited[O
<br /> commenoE procec�dings against any successor in interest or refttse to extend time for payment or atherwise ceiodify amortization �',
<br /> of the surns secuced by this Security Instrument by reason of any demand made by thc original Borrower or Bonower's ;.�:
<br /> successors in interest. Any forbearance by I.ender in exercising any right or remedy shall n�t be a waiver of or preclude the '�.�;:'
<br /> excrcise of any right or mmedy. '_:
<br /> 12. Successors and Ass�gns Bound; Joiat and Several Ltubllity; Co-signers. The covenants and agreements of diis
<br /> Security [nstrument shall bind and benefit the successors and assi�ns of Lender and Borrower, subject to the provisions of _`�
<br /> paragraph l7. Borro�ver's covenants and agreements shall ba joint and several. Any Borrower Svha co-signs this Securiry
<br /> Instiwnent but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> Borrower's intemst in the Property under the tcrnis af this Security [nstniment; (b)is not personally obligated to pay the sums '
<br />.. secured by this Security instniment;and(c)agrees that Lender�nd any otiter Borrower may agree to extcnd, modify, foxbear or ,
<br /> makc a.ny accommodations with regard to thc terrns of this Sccurity Instrument or the Note�eithout that Borrower'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 /> a�xl thut Iaw is finally interpreted so that the in4etest or other loan charges collected or to be collected in connection with the
<br /> loan exceed the permitted limits, tl�en:(r�) any such loan charge shall be reduced by the amount necessary ta reduce the charge ,
<br /> to the permitted limit; and(b)any sums already collected from Bc►rrower�vhich exceeded permitted limits will be refunded ta
<br /> Borrower. Lender may choose to mnke this refund by reducing the principal o�ved under the Note or by making a direct
<br /> payment to Bonower. If a n:fund reciuces principal, the reduction will be treated as a partial pmpayment without any
<br /> pmpayment charge under the Note.
<br /> 14.Notices.Any notice to Borrowcr providcd far in this Security Instrument shall be given by dciivering it or by mailing
<br /> it by first class mail unless applicable luw requires use of another method.The notice shall be directed to ttie Property Address
<br />_. or any oiher address Borrower designates by notice ta Lender. Any notice to Lender shall be given by first cl:sss mait to
<br />__ l.cnder's address stated herein or any other address Lcnder designates by notice to Borrower. Any notice provideci for in this
<br />- Security Instrument shall be decmed to have been given to Borrower or Lender when given as provideci in tliis paragraph.
<br />_- 15.Governing Law; 5evernbility. This Security Instrument sh:ill be governed by federal law and the law of the
<br />-' jurisdiction in wltic}�the Propeny is located. In the event that:uiy provision or clause of this Security [nstrument or the Note
<br /> conflicts witii applicable law,such conflict shall not affect other provisions of thic Security instrument or the Notc�vhich can be
<br />,; given effect withaut the conflicting provision. To diis end th�provisions of this Securiry Instrument und the Note aR declarcd
<br /> ' to be severable. i
<br />��'- 16.Borro�er's Copy�Bonower sl�all be given one conformed copy of the Notc and of this Security Instrument. �
<br />- Form 302II 9190
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