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<br /> a menta muy no longer 6o requi�ed.at the option of Lendcr. ff mortguge inaumncc ca��emga(i-n tha umourtt artd for the period
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<br /> thut[xnder requir�s)pravidsd by nn insurer appruved by Lendcr tignln becomes nvailablQ a�id iR obtained. Borrowrr shull pay
<br /> the premiums reyuired to malntaln martgage insurance in effcct,ar to pmvide a lass rcscrvc,until the requiremcnt for mortgage
<br /> insumnce ends in accoManco with uny wdtten ngreement betwecn Harrawer und Lender ar appllenblo law.
<br /> 9. Ingpeetton. Lender or its agent may n�ake reasonnblc�cntrlcs upan and 1nsp�ctlons of the Property. I.ender�ha11 glve ,_
<br /> Borrower notico at the dme of or prtor to an inspatian specifying reasonable cauge for the inspection.
<br /> 10. Condemrwtion. The procee�s of any award or claim for dnmuges.direct ar consequenUui. in connectinn wlth any
<br /> candemnation or other taking af any part of the Property.or for conveyunce in lieu of candemnation. are hereby assigned nnd
<br /> shail be puid w I.ender.
<br /> In the event of A totai taking of the Property,the proceeds shall be applied ro the sums secw'ed by this Secur�ty fnsm�ment.
<br /> whether or not then due.with any exces�paid to Rorrower. In tho cvcnt of a partial taktnII af the l�rnperty in which the fnir
<br /> market value of the Proporty immedistely before the taking !s equal to or greuter than the amaunt of the swns secured by this
<br /> 3¢curity Insuument latmedtately before the tnking,uniess Borrower and Lender othcrwlse agree in writing,the sums secured by
<br /> thia Security Insuument shatl be reduced by the amonnt of the proce�ds multiplied by the following fracdon: (a) the wtal
<br /> amount of the sums secured immediately before the tekjng. divided by (b)tho fair murket value of the Property immediately
<br /> before the tskiag. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market valua of the Property immediutely befone the takiag Is less than the amount of the s►ims secured immedtately before the :
<br /> �ekIng, unless Borrow�r end ixnder othecwise ugree in wrIting or unless applicable law otherwise pmvI�es.ttze proceetla sha11 -
<br /> ba applied to tho sums secured by this 3ac�uiry Instrument whether or aot the sums ar+e then due.
<br /> If the Property is abandoned by Horrower.or if,after nodce by L.ender to Homower tiiat the condemnor offers w make an
<br /> awrud or settle a claim for damages, Borrower fails to�rspotx! to Lender wlthi�►30 days after the date t,tie nodce ia glven,
<br /> L.ender is authorized W collect and apply the proceeds.at Ite option.either to restomtion or repstir of the Property or to the stuns
<br /> secyrod by this Security Instrument,whaher or not then due. .
<br /> Unless Lender and Borrower othetu+lse ag�ee in wrItiug, any applicadon of proceeds to principal shall.pot extend or
<br /> postpone the due dute of the manthly payments nfernd co in para�rapha 1 and 2 or change ths amount of such payments.
<br /> 1�5.Bortower Noi R�lepsed;Foi�Uesran�x By Lender Not a Wafver. Bxtensiun of the time for payment or modificatioa
<br /> of amortlzation of the swus setured by th[s Securtty lnsnum�nt gramed by L.euder to any successor la interest of Borrower shali
<br /> tlot oDerate to�+elease the liabiliry of the orIginal Borrower or Borrower's sucassors in Interest. Lender shaU not tse teqnired to
<br /> comanence praceedtngs against any successor in interest or retuse to extend time t'or payment or ofhorwtaa riuct#fy�r��ss
<br /> � of the sums securecl by thIs 5e�urlty Insuument by mason of any demand made by thc original Borrower or Borrower's
<br /> � ansoessors in interest. Any forbeatance by Lendear in sxerclsing eny right or remedy shall not be a waiver of or preclude t]�e
<br /> exercise of any dght or remedy. ' �
<br /> 1�.Suaxssors sutd Assigns Bound;Joiat $nd Stvernl Uubfl[ty;Co-s[gners. Tha coveaants and agroements of this
<br /> Secut�ty lnsfrument shall bind and beaefit the successors and assigns of Leader and Borrower, aubject to the pruvisions of
<br /> paragraph'1'l. Bormwer's covenants and agc+eements shall be joint and s�veral. Any Borrawer who co-signs this 5eeurity
<br /> Instiument but does npt execute the Note: (a) is co-signing this Security Instrument only to mortqage,gcant and oonvey that
<br /> $orrower's intenst in tha Property under the temGS of this Security Instrument; (b)is not personaUy obltgated to pay tke sums
<br /> se�ured by this Security Iastrument;and(c)agc+aes that Lender and any other Borrower may n�ree to extend.modify,forbear or
<br /> malce eny accom�r►adations with regard to tha terms of this Secudty Instn�ment or the Note without that Borrower's ooa�sent.
<br /> 13.Loan Cha�ges.lf the laan secured by this Securlty Insuument is subjeet to a!aw w�iCh sets mauimum loan charges,
<br /> and that law ia finally interpreted so that Ne iaterest or uther loan charges wAected or w be¢ollected i�connaction with the
<br /> toan exc�ed the pamtitud timits.then: (n)any auch loan charge shall be reduced by the amouut aecessary to reduce tite charge
<br /> to the pGrmitted limlt:and(b)any sums elready collecu.d from Bomnwer which exceeded perniitted limtts will be refuredod to
<br /> Borrower. I.ender may choose to make this ceflind by reducing the principal owed under the Note or by makMg a•dlrect .
<br /> payment fo Bormwer. If a refund c+educes pdncIpal. the reduction will h, ueated as a parttal pr�payment without any
<br /> pzepaynient charge under the Note.
<br /> , 14.Nottces.Any t►otice w Borrower providad for in thia Securiry Instrument ahall be given by delivering it or by maiUng
<br /> it by first class mail unless applicable taw requires use of another method.The nodce shall be directed to the Property Address
<br /> or eny other eddress H�orrower designates by notice w Lender. My nodce to Lender s1�All.be given by first class mait to
<br /> Lender's eddress stated hcrei��or any other address Lender designates by nodca to Borrower. Any notice provide,� for in this
<br /> ' Security Instrument shali be deemed to have been given w Rotrower or I.ender when given as prnvlded in thls paragraph.
<br /> � 15.Gov�ning I.aw; 5everabUlty. This Serurity Inswment shali be govemed by federal lew and the luw of the
<br /> Jurisdictlon in which the Praperty fs tocated. In the event that any provision or clause of this Securiry Instrument or the Note
<br /> conflicts-with applicable taw.such coutlict shall not effect other pmvIsions of thiA Secudty Tnstn�ment or tt�e Note which can be
<br /> given effect wlthout the oonflicting provislon. To this end the provis�ons of this Securlty Inshument und the Note are deciared
<br /> w be soverable.
<br /> 16.Borrower's Copy.Borrower shbll be gtven ona conformed copy of the Nots end of this Socudty Instrument.
<br /> � Form 3028 8180
<br /> Pape 4 of 6
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