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<br /> p�Ynicnts may na lang�r be requireai,at thc apltvn uf t.etxlxr.if mmcrrrtgsgc i�x�urwtioo caven�o(in the�mouM And far tha pGric�i
<br /> th�t Le�xi�� requires?Pmvided by s�n fiuurer ap�►rovcd by�.ender ag�in becamas avxllAbl�uid is c�lned. �orrow�r sh�ll p�Y
<br /> the pnmiuins reyuire�to rneint�in mongaae fnsuranc�in eflect.or to pmvide a lixa r�zenra.untit the roquirnna�t for mortp�e
<br /> Jnwnovo enda in aceo�dac�ce wjth any�vdlten�[a�mrU beiv►'t�n Barrower and[.etder nr applic�ble tuw.
<br /> 9. inspe��tion.Lender�r its agent nwy m�ko rca�or�ble rntda upnn nnd tnspocciana of tha Proptrty. Letxlor slull�Ive
<br /> .. HoYrower natice at the time of o:prior m�n ins�ectiojz��ifylizg r�asoa»ble sau�*�fer��la,xeiion. . .._.
<br /> 10.Caidemnttto�.'IT�e P�s of any award or claim for dam�ges,�imt ar cot�soquenttal. ia cannectiw� vrlth my
<br /> condwrmation or other taking af any part of t�e Pmp�ertS!•pr for conveyance in lieu of condemnwt[an.are hereby asai�nod+ud
<br /> shall be p�id to Lepder.
<br /> In the event of a totat taldng of tho Properey.the AroctedS shal�be ePP�iod to the fiums saxtred by this Socurity(nsins�m�t.
<br /> whether or aot then due,with �►Y excas paid to Borrower. Yn the event of a Qartial taking of the Prope�iy io which the fi�r
<br /> aiarlcet value of the Peaperty immediately before Ihe tAki�►S is c9ua1 to or greater than the am�unt of the sums secuned by this
<br /> $ecurity Instrumcnt immediately before the tektng.unless Borrower and Lender otherwise ngnx in weiting.the sums sccuced by ,
<br /> this Secnrity Instrument shull be reduced by the amount of the prosxeds mvltlplial by thc fallowtng fractian: te) th� wtal
<br /> mnount of the sums secured Imn►�dlately before the tnking.divided by(b)the fair rctiaricet value of the Property iramediatelY ;
<br /> befare the taking, My balan�e shaU be paid to Borrower. In the event of a partlal ta�ing of tho Property in which thc fair
<br /> mar{cct vaiue of the Property Immed�ntely beforc the tnking is less tbun the a U�le aw o erwi�m des�aplmceod.shxit
<br /> taklog. unt�.4 Bormwer and Lender otherwise agree in wdttng or unir_ss app P L
<br />� be apglied to the sums sccured by t61a Securtty dnsmiment whetlter or not the sums aie thea due.
<br /> [f the Pmperty is abundoned by Borrower.or if.after aottee by L.ender to Borcower that dte rnndemrior offern to make c+n ,
<br /> awatd or settle a claim for dtimu�es. Bomower fails to respond to Lender wtthin 30 duys atter the date the nodce is gtven.
<br /> Lender ig authorized to collect and apply the proceeds.at its option,etther to restorutian or repalc of the Propedy or to the sums
<br /> secu�d by this Security Insuument,whether or not then due.
<br /> Unless Txnder and Sorrower otherwise agme in wdting, any application of pmceeds to pria�ipal shall not eutend or
<br /> postpanB ttte due date of the monthly payments referred to i�paragraphs 1 and 2 or change the amount of such payments.
<br /> il.Borrower Not Released;Forbearance By I.ender Not a Walver.Bxtension of the time for payment or modlfic�tion
<br /> of emortization of the sums secured by this Security Instrument granted by Lender ro any successor in interest af Bomnwer shaU
<br /> not operate to mlease the liability of the ortginal Borrower or Borrower's successors [n interest. I.ender sliall not bc requiied to
<br /> �a,mmencc procee�iln�s aAainst any successor in interest or rafuse to ea�tend time for payment or otherwise modlfy amortiuttlon 4
<br /> of the sums secured by this Secudty Instniment by e+e�son of any demand macie tiy ihe 8rig�� ��°`�� ��4��'pr'`
<br /> successors In interest. Any forbearance by Lender in exercising any right or remedy shatl not be a waieer of or pr+eclude the
<br /> eaerci�e of any right or remedy
<br /> 12. Succe.ssors and Assigns Sonnd;Joint and Several �.fabiUty; Casignere. The covenants and agreemenu of this
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender aped Borrower. subject t�the provisions of
<br /> pangraph (7. Borrower's covenunas and agreements shali be jafnt end several. Any Borrower who co-signs this Security _
<br /> Insuument but dces not execute the Note: (a) is c�slgning this Securiry Instrument only to mortgage, grant and convey that
<br /> Boaawer's�nterest M the Property under the terms of this Secuciry Instrument:(b) is nut personally obli�ated to paX the awns
<br /> secttred by this Security Instrumenk and(c)agrees that Lender and any other Borrower may agree to extend.modify,forbear or
<br /> �ake s�ny uccommodations with regard to the terms of this Security Instrument or the Note wtthout that Borrower's cansent.
<br /> 13.Loan Chnrges. If the loan serured by thts Securiry Insuvment is subject to a iaw which sets maximum loan charges.
<br /> Rnd that luw is finally interpreted so that the interest or other loan charges collerted or ta be collected ln conneedon with the
<br /> toan exceed the p..rmitted limiu. then:(a)any such loan charga shull be reduced by the amount necessary to reduoe tl+$¢hurge
<br /> to the permitced limir,und(b)nny sums alerAdy collected fram Borrower which exceeded permitted Iimits will be refuaded to
<br /> Borrower. Lender msy choose to make thls refund by reducing the principul owed under the Note or by makiag a direct
<br /> payment to Borrower. if a refund reduces prjncipal, the ceduction will be urated as a partial prepayment without any
<br />_ prepayn�ent chsuge under the Note. _
<br /> 14.Nodces.Any notice to Borrower provided for in this Security Instcument shsill be given by delivering it or by mailing
<br /> it by �ir�t class mail unless applicable luw requires use of another method. Tlie notice shall be dim�tted to the Property Address
<br /> or any other address Borrower des�6nates by notice to Lxnder. Any notice to Lender shatl be given by first cioas m�il to
<br /> Lender's address statc�d herein or any other address L.ender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument shall be deemed to have been given to Borrower or f..ender when�iven�provided in this parugraph.
<br /> 15,Governing Law; �everubSlity. This Securlty Insnument shull be governed by federal Iaw and the law of the
<br /> j�uisdiction in whtch the Property Is located. In the event that any provision or clause of thia Securlty Instrument or the Note
<br /> contlicts with appiicuble luw.such confltet shall not uffect otl:er provistons of this Secudty Instrument or the Note which can be
<br /> given eft'ect without tbe conflicting pmvision.To this end the provislons of this Security Instrument and the Note are declured
<br /> to be severable.
<br /> Ifi,Borrower's Copy. Borrower shall be given one conformed copy of the Note and of thts Secur[ty Instrument. _
<br />_ Fom,sozs 9lso
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