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<br /> . mrnta ma no lon er f►e iried�,at the ian of d.ender.if mort��c in�unuuxs cover�e�in tha���n�i���P"xwa -
<br /> P�Y Y g � � .
<br /> that i.ender rc�ui�}prov[dad by An lnwrer�ppmved by L.e1fcler i=�in bec�mes avrilabla axi i�obaa[n�d.Darawer�Mlt pq
<br /> �be premiumt�requjrod tu m�inuin mortgage insurence in effa.�.ar�pravide x laas raserr+e.until the ioqu{rcma�t tur mort�r
<br /> , tnsuru�ce�qda ln nctordance wldh�ny wr�tten sgroement betwons Bornawer�rd L,ender or�ppl ic�le i�w.
<br /> 9. IIi.:i::.:�tt:.s�.Lcndcr sr its a�cnt may malce t�ro�l�[AM!y 1!;h�tl.t+rt��nv�.+rrlirtea n?4'thr PmJ+rny. 1_�n!lr.r sh■11�ive • .
<br /> ' &xmwer notia�t tbe dme of or pdor w�q inspoction Fpocii,yia�rcasonabta c�use tar the intipectian.
<br /> 10. Condtmnation. 'Il�e p�+oceeds of any awiu+d or ci�im for ciarr�agns�dira.t or conses�uemi�l,in wnnection with u�
<br /> condemn�don ar other teking of any part of tha Aroperty.or for conveyancs in(ieu of cpndenuiation,src henby�Aasigned and
<br /> sfiatl be pald to Lcuder. �
<br /> 1n tho avent of e tatal wlcing of the Property,tho procecds shall be applied to thc sums securcA by this Secudty Insuumcnt.
<br /> whetficr ar rtat then due. with any excess paid to Aarrower.In the event uf a partial taking�f Iha PmT+e+rty in wbich�hc f�ir
<br /> maricet value af We Pmperry imm�dtately before the taldng is equal to or greater Qwn thc amount of thG svms socuEad by this
<br /> Securiry Ieuwment immedIately before the tuking.unless Borrowrr and 1.eMer otherwise agree in wddttR,tho sums r,ecurod b�
<br /> this Secuairy Instrument shalt 6e rcduced by the amaunt of tbe procecxis muttiplied by.the follow3ng fraction: (a)the total
<br /> amoum of the sums secured immediatcly before the tekit►g.dividod by (b) thc fair market vs�lue of th� Property ittunec�b►tely
<br /> before tha takiag. My batanca sfiaU be pai�i to Borrower. In the event of a partial taking of the Pmperty in which the fair „
<br /> mu�et valuc of the Pmpeety immedintely befare the taking Is less than the amount of tltee sums sccural immediatsty befone the
<br /> talcing,unless�3onrower and Leader othenvise agree in wrlring crr uaIess applicable luw ortherwise pmvFdes. the praraxls si,aft •
<br /> be applied to x.li�aums secured by thts Secudty Instrument whether or not thc swns are then due.
<br /> If thc Property is abandaned by Borrower.�r if.after notice by I.ender to Bonower that the condemnar offers to maice an
<br /> award or settle a claim for damages, Borrower fails to respond to 1.,ender wltlun 30 days after the date the notice is given.
<br /> f,ender Is authorized to collect and apply the�raceeds.at Its opdon. either to cesWiation or repair of the Property ar to the sums
<br /> secured by thia Securiry Instzument,whether or not then duo.
<br /> Unless Lender and Borrower othenvise asrce in writing. any application of praceeds to•qerincipal s�tall not eatend or
<br /> pastpone the due date of the monthly payments refemed to ln pamgraphs I end 2 br chenge the amount of such}�ayments.
<br /> 11. Borrnwer�Iot Released;Forbeat�nce By I.�n@er Not a Waiver.Exttins�on of the time for paymern a�r madificution
<br /> of amortlradon of the sums secured by this Secudty Irtsuument granted by Lender to any successor in interese'o�'�orrower st�all
<br /> not operate ta mleuse the liability of the ori�inai Borrower or Honower'a surcessors in interest.Lender shnli not 6e requlred to
<br /> commertce proceeciings against any succe.gsor in interest or n�e to axie�nt iiinu fur�rayuerni vr utltcrwjsc tmxiii��iti�t�fii,�
<br /> of the sums ser�red by this Sec.urlty Instriumeat by reason of any de,nand raada by the odglnal Borrower or Bonrowrr's
<br /> succ.essors in interest. Any fo�beamnce by Lenaler in exercising any right or remedy shall not be a waiver of or preclude the
<br /> exerc[se of any dght or reme�9y.
<br /> 12. Successors aad Asslgna Bound; Joint end Several LisbiUty; Co-slgners.The covenants and ugreements of this
<br /> Security InstcuraeAt shaU bind and beae'6t the sucexssors and assigns of Lender and Borrower. subject ro the provisions of
<br /> paragrnph 19. Borrower's co�enants and ag�+eemeats shaU be joint and several. Any Bomower who co-signs this Security
<br /> Instiument but dces not execate the Note: (a)is co-signin�this Security Instnunent onJy to mortgage. grant and convey that
<br /> Borrower's iaterest in the Pmperty under tho terms of this Security Instrument;(b)is not personally obligated to puy the sums
<br /> secured by this Securiry Instrument;and(c)agrees that Lendcr and any other Borrower may agree w extend, modif}+.forb�tr or
<br /> make any accommodadons with c�egard to the terms of this Security Instrument or the Note w3thout that Borrower's consent.
<br /> 13. Loan Charges. If the loan secured by this Secur[ty Instrument is subjext W a law which sets maximum loan chargea.
<br /> nnd that law is finally interpretod so that the interest or other loan char�es collected or to be wUected in connectIon wtth the
<br /> laan exceed the pemutted lim[ts, then: (n)any such luan char�e ahall be reduced by the amount necessary to roduce the char�e
<br /> to the permitted lin�ir.and(b)uny sums already wilected from Borrower whtch excee�led permitted limits wIll be refunded to
<br /> Borrower. Lender may choose to make this refund by rc�ucing the principal owed under the Note or by maktnB a dirc�rt
<br /> payment to Borrower. If a mfund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> pmpayment char�e under the Note. --
<br /> 14. Notices.Any notice to Borrower provide�for in thfs Securit�Instrument shall be given by delivering it or by mailing
<br /> it by Rrst class mail untess applicable law requires use uf another method.The nottce shall be direrced to the Property Address
<br /> ur eny other address Burrowcr dcsignatcs by notfce to Lcnder. Any notix to L.ender shall be given by Srst class ms�! to -
<br /> L.eceder's addQ+cas stated herein or any other address Lxnder designates by notice to Borrower. Any natice provided for in this -
<br /> Securiry fnstrument shall be deemed to have been given to Borrower or Lender when given es provided in thjs paraIIraph.
<br /> 15. Goveming Law; Scvernbility. This 5ecurity Instrument sbull be governed by federal law and the law of the ___
<br /> jurisdtction ln which the Property is located. In the event that uny proeision or clause of this Securiry Instrument or the Note _
<br /> conflicts with applicable law.such rnnflict shall not affect other provisions af this Security InStcument or t8e Note whieh can be
<br /> given effect without the conflicting provision.To this end the pmvisions of this Securtty instrument und the Nate are declam.ci --
<br /> to be severable. —
<br /> 16.Borrower's Copy.Bonower shall be gtven one confornied rnpy of the Note and of this Security Instrument. :--
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