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<br /> nts ma no lon er be required.ut the opiion of Lender.if mortguge fnsumnce c�.ov�crage(in���u�n��for the period
<br /> paY� Y 8
<br /> that I.ender requfres)provide�by an insurer approved by L,ender a�ain becomes nvailable and ia obtained. Borrawer sha:l pay
<br /> the premiums requie�d to maintain mortgage insurance in effect.or to provide a loss reserve,until the cequt�+ement Por moetguge
<br /> insurnnce cnds in nccordance with anY wdtten a�reement between Borrower and Lender or upplicable law.
<br /> 9. InspecHon.Lender or its agent may make reasonable entr�es upon�uid inspections of the Property. l.ender shatl give
<br /> Sorrower nottce at tho ti�e of or prior to an inspection specifying reasonable cause for the inspectton.
<br /> 10. Candemnatlon. The procecds of any aivurd ar elaim for demages,direct or cansequendal. in connection with any �_
<br /> condemnation or other taking of s�ny part af the Praperty,or for conveynnce in tieu of condemnation. are hereby assigned and
<br /> shall be paid to i,ender.
<br /> in the eveat of n tatal taking of the Property,the proceads shel[1�e applie�to the sums secured by this Security Instrument,
<br /> whether or noE then due. with any excess paid to Borrower. In the event of a partial taking of the Property in which the falr
<br /> murket value of the Property immediately before the taking fs equal to or greater than the amcunt of the sums secured hy ttil�
<br /> Security Instrument Iu�medlately before the tAkIng,atiless Borrower and Lxnder otherwise agrec In writin�.the sums secured by
<br /> thts Secudry Instrument shall be reduced by the amount of the proceeds mult�plled by the following fractfion: (a)the totel _
<br /> amount of the sums setured immediately before the taking,divided by(b)the fe[r market v�lue of the Property immediately
<br /> before Nie teldng. Any balance shall be paid to Borrower. In the event of a partial tekIn�of the Property in which the fair
<br /> rparket value of the Property immediately i�efore the teking is less than the amount of the sums secured immediately before the
<br /> taking� unless Horrower and I.ender otbtrwise a�ree in wrItins�or unless applicable law otherwise pravides.the proceeds shall
<br /> be appliecl to the sums secured by thls Security Instnia►ent whether or not the sums are then due.
<br /> If the Property Is abandoned by Borrower,or if,after notice by i.ender to Sormwer that the condemnor offera to make an
<br /> award or settle a cle[m for damages. Bornnwer fails to respond to Lender within 30 days after the date the nodce is given,
<br /> Lender is authorizefl to collect and apply the proceeds,at its option, etther to restoration or mpair of the Praperty or to the sums
<br /> secured I�y this Securiry lastrumeut,whether or not then due. �i�on Of ��S � � � shall not extend or
<br /> Unless Lender and Borrower otherwise agree ln writin�,anY aPP P P p
<br /> postpone the due date of the mflntlily payments referred to In paiagraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Released;Forbearaace By Lender Not a Waiver.Bxtenston of the dme for payment or modification
<br /> of emortization of the sums secured by this S�urity Instnunent granted by Lender to any successor in taterest of Borrower shall
<br /> not operate to release the liability of the original Borrower or Homower's succeswrs in intcrest. I.ender sha11 not be required to
<br /> commence procee�ings against any suocessor in interest or refuse to excend time for payment or otherwise raodlfy amortization
<br /> of the sums secured �y this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br /> successors in interest. Any torbeazance by i.emier u�cxeictsing an3r rigtst ar ress�ed; slsa!!n�t be A waiver of or preclude the =
<br /> exercise of aaiy right or remedy.
<br /> 12. Suc�essors and Assigns Boundi Joint and Several LiabiHty; Co-signers. The covenanu and agceements of tbis
<br /> Securlty Instrument shall bind and benefit the successors and assigns of I.eader and Borrower, subject to the pnovisions of
<br /> paragraph 17.Borcower's covenants and agreements shall �e joint and several. Any Borrower who oo-signs thls Security
<br /> Instrument but does not execute the Note: (a)is c�}signing this Security Insuv�r►ent only to mortgage, grant and convey ttiat
<br /> Borrower's interest in the Pcopercy ur►der the terms of this Security Instniment;(b)Is not personally obligated to pay the sums
<br /> s�ured by this gecurity Instniment;aad(c)a�that 1-ender aud any other Borrower may agc+ee to extend,modify.forbear or '
<br /> make any accommodatiuns witf►reSard to the tem�s of this Se�urity Insuuaient or the Note without that Barrower's consent.
<br /> 13.Loan Ct�arges.If the loan secwed by this Se�urity Instcument ts subject to a law which sets mauimum loan charges.
<br /> and that law is finally Interpmted so that the iaterest or other ban charses col(ected or to be collected in connection with the
<br /> loaa exoeed the permitted limits•then:(a)any such loan charge shsill be reduced by the ainount neces,ssary to reduce the chtugo
<br /> w the pemutted Iimlt.and(b)anY sums alreadY coll�from Bbrrower wh�ch exoeeded permittad limits wiU be refunded to
<br /> Borrower. Lender may choosc to make this refund by reducing the princiPal owed under the Note or by maldng a direct
<br /> payment w Borrower. If a refuad reduces principal, the reduction will be tieated as a partisl PmPayment without any
<br /> pnpayment charge under tiie Note.
<br /> 14.Notices.My notice w Borrower pmvided for in this Security Inswment shall be given by dellvering it or by mailing
<br /> [t by tirst class mail unless applicable taw requires use of another method.The notice shall be dlrected to the Property Address
<br /> or any other adtL�ess �arrower deslgnates by notice to Lender. My notice to Lender shall be given by first class mail to
<br /> i,ender's address stated herein or any other address Lender designates by notice to Borrower. Aay notice provida!for in this
<br /> Securtty Insuument shall be deemed to have been given to Borrower or Lender when gtven ns pmvided in ttua ParaSraPh•
<br /> �g�Governing Law; Severabil[ty. This Security Instrument shall be governed by federal Iaw and the law of the
<br /> jarisdictioa in which the Property is located.In the event that any provision or clause of tlus Sacudty Insuument or the Note
<br /> oonflicts with applicable law,such conflict shall not affect other pmvisions of this Security Instn�mant or the Note which can be
<br /> given effe�t wichout the contlicting provision.To this end the provisions of tlus Security Instrument and the Note are declared
<br /> to be severable.
<br /> lb.BorrowEr's Capy.Horrower shall be$iven one confamed copy of the Note and of this Secnrity Insa�tunent•
<br /> Wrm 3026 8190
<br /> Pepet ot 8
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