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<br /> Myrr,ents nwy�x�lc►nger bc reyuired,nt thc optian�1f l.e�uler,if�nortgagt in�urance covcmge(�n the nrix�unt�or d�
<br /> that Le�xler rcquiess)pruvi�ei{by ai lusm�cr appr�vtd{�y f�cn�icr again hcr,�mcs uv.�iu'viu cuid iy aS;ta�a��. ��rca�v�r:.'�s"••;:r.a �--
<br /> th�pzCmiwns r�yuired ic�maintut�i martgage insurance in effa;t,ur tcs pravtde u lass reservo.until tl�e requirrment for rnan$ugo
<br /> insurnnce encis in accordanro witb uny written Qgrecment betwcen Borrawcr c►nd Lraxter ar applicu6le low.
<br /> 9.i��,SpecUoa.t.cnder esr Its agent may malce rcusonable entrles upon und insp�ctionv of the Propeny. Lende�shall gEve
<br /> 8orrawcr ndtice ut thc.�ime of or pr[or to an inspcctian specifying rcasonable ruusC f�r thc f�ispcction.
<br /> 10.Condem�raitan. 'fi�e prc�ccods nf any uwnrd ar clalm for dam�ges. direct ar cansequentlat. in conn�ction with any
<br /> oondemnation ur othcr tuking at uny part of the Praperty.or for conveyunee in iieu uf cotxfemnatiun. ure i�eceby sssigncJ a�ul �- -
<br /> ehall be puid to i.cndcr.
<br /> ln thc oveat of o total takin�of the Property.the protecds shall be applic�to the sums sexurerl by this Socuriry Instn�meiU,
<br /> whcther or not then due. with any exccss p�id to Aorrower. In the evcnt of a parttul wking of the Froperty in which the fair
<br /> mnrkct valua of the Property immedistely before the taking is equut to or sreater ihan the umount of the sums seclued by this
<br /> Socurity instrument immediately before the taking.unless Borrower nnd Lender otherwise agree in wdting.the sums secuted by
<br /> this Securlty Msttument shall be reduce� by the umount of the proceeds muldplied by the faltowing fractlon: (n)the tota!
<br /> omount of the sums secura!immedIately 6efore thc caicIng,divided by (b)the fsiir market value af the I�npeny ImmedIatoly
<br /> before the tulcing. Any bnlunce shull be paid to Borrower. In the event of a pnrtlnl taking of the Property in which the fair
<br /> marlcet vatue of the Property immediately before the tuking js tess than che amount af the sums securod immediately befors the
<br /> tnking. unless Borrower und Lender otherwise Agree in writing or unless applIcnble law othenvise provides.the proceeds shall
<br /> be applied to the sums securai by this Security Instntnient whether or not the sums are then dua.
<br /> If tfie Prcrperty is abaodnned by Borrower.or if,after notice by Ixnder to Sorrower that the condemnor offers to maTce an
<br /> uward ar settle a cluim for damages. Borrower fails to respand w I.�nder within 30 duys after the dute the nodce fs glven,
<br /> i.eiatet in uuti�witut to�oft�it a�1d app3y thc Froctx�l:,.;�t Iw option,etther�o re9torntion or repair of the Property or to the suma __
<br /> secured by this Secudry Instrumenc,whether or not then due. =
<br />� Unlesa Lender und Borrower otherwise a� in wrtdng. uny applicution of proceeds to principal shall not extend ar
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. _
<br /> iI.Borrower Not Released;Forbeacance By I.ender Not a Waiver.Extensfon of the time for payment or modificttt�nn
<br /> of amorttwtion of the sums secured by this Secur�ty Instrume�t�ted by Lender to any successor in interest of Barrower ahall
<br /> not operate to release the liubility of the originul Borrower or Boaower's successors in Interest. Lcnder shull not be required to
<br /> commence proceedings against nny successor in interest or refuse to extend time for payment or otherwlse modify amortlzution
<br /> of the sums secured by this Secudty Instrument by mason af any demand made by the original Borrowar or Bonower'e —
<br /> suczess4rs !n �nterecc. Any forbearnnce by I.ender tn exercisin�any ri�ht or remedy shull not be a waiver of or precludc the
<br /> exetcise of uny dght or remedy.
<br /> 12. Succes.4ors vnd Asstgas Bound; Joint und Stveral Liabillty; Ca�signers. The co��enants and agrecments of thia
<br /> Security Instrument shall bind and benefit the successars and assigns of Lender and Borrower, subject to the pmvisions of
<br /> parnsruph 17, Borrower's covenants and agreements ahall be joint and several. Any Borrawer who cn-aigns this Securiry
<br /> Instrument but does not execute the Note: (a) is co-signin�this 5ecurity Instrument anly to monga�e, grnnt and convey thet
<br /> Borrower's inter�.ct in the Property undec the terms of this Securiry Instrument;(b)is not person�lly oblx�ated ta pay the sums
<br /> secured by this Security Instrs�ment;and(c)agrees that I.ender and any other Borrower mny agree to extend,modify,forbear or
<br /> make uny uccommadations w8th regard ta the terms of this Securiry Instrument or the Nate without ti�at Borruwer's consent. f
<br /> l3.Loan Chacges. Tf the loan seturai by this Security Instrument is subject to u law which sets maximum loan charges,
<br /> und that law is finally interpmted so that the interest or other loan chsuges collecuci or to be cotlected in connection with the �`=-
<br /> loun execed the permltted timiu, then: (a)any such loan charge shail be reduced by the amount necessary to reduce the churge �,�
<br /> to the permitted limit;and(b>uny sums alrendy caUected from Borrower which exceeded permitted limits will be refunded to �•--
<br /> Bormwer. Lender may chcwse to muke this refund by �aiucing the principal owed under the Note or by making a direct � `�-"
<br /> payment to Borruwer. If a mfund reduces principul, the reduction will bc treatcd as a partial prepayment without any ��"�
<br /> prepnyment charge under the Note. �;-�-
<br /> 14.Notices. Any notice to Borrower providai for in this Security Instrument shall be given by delivering it or by maiting
<br /> it by first cluss mail unless upplicable luw requires use of another method. The notice.r•hall be directed to the Property Address `Yx
<br /> or uny other uddress Bnrrower designntes by nottce to Lender. Any notice to Lender sholl be given by first class mail m "��.:.
<br /> Lender's address stated herein or uny othcr address Lender designates by notice to Bonower. Any not[ce provided for in this , -
<br /> Sexu�ity Iu�tiuu�eui,i�uii L�deeni�i to Iwvc been gitcn tu Bortnwer or Lender when given as proviced in thic�+i��;►orarh. _ ;;
<br /> IS.Governtn� LA�Yt gevernbflity. This 5ccuriry Instrument shall be �ovemed by federal luw nnd the law of tlx ,a`
<br /> jurisdiction in which the Property is lacated. In the event thut any provision or rlause of this Security Instrument or the Note
<br /> confllets with applicable law.such canftict shatl not affect other provisions of this Security Instrument or the Note which cun be
<br /> given effect without the contlicting provi�ion.To this end the provisions of this Security Instrument and the Nate are declared ,.
<br /> to be seven;ble. �`..
<br /> 16.Borroaer's Copy.Borrower shall be given one conformed copy of the Note und of this Security Instcument.
<br /> Form 3028 9/!!0
<br /> Pago 4 W 8
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