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<br /> p�ym.nt�;may �io I�n�r.r Gc rcquf��ed,et thc up�ion of 6,cnsle�•. if niu�-�ra;c intiurancc caver;ilic (il'�C IUIlOUIlI illl(I ft)i'IB4: �7fi'YO(I .
<br /> tliat I.cnder rcc�ufre:ti)pravidccl by t�n iiisurer upprav��i by Leiider agciin hecomes uvailnble nnd is ubtnined. Bnrrotver shull�:�y
<br /> the prenuums reyuired tn maintnim m�rtgnge insuriuice in effect,ar to pmvide n loss rescrve,until tl�e rcquiremem fiu mortguge �
<br /> intiumn�:c en�is in ncc:ordnnce�vith any writttin ngrcemesit betwcen tiorr��wcr und Lcndcr or apQlicnblc In�v.
<br /> 9. Insprctlon. l,ender or its agent may makc re:tson;tlile r.ntrics upcm nnd insncctions of thc Property. Lcndcr shall sivc
<br /> Uorrnwcr noticC at tha timc of ar priar ta nn inspcction spccifyin};rcast�uablc causc for thc inspactfan.
<br /> !�. Cnn�:mi*:�tio:�. The procccds of any a�vard or claim for damagcs, direct or conseyucnEial, in ronnection v�ith any __
<br /> condcnmatfan ar otiicr taking af nny p�n af the Property,ar for canvcyance in lieu of condemnation, ure hereby assigne�l:tnd
<br /> sh[�11 be paid to L.endcr.
<br /> In the eve�u of a total taking uf�he Property,thc prncceds shall be npplied to thc sunn securcci by this Security Instrument,
<br /> witether or not then due, with�ny excess paid to Borrower. In tl�e event. of a partisd taking of the Praperty in which the fair
<br /> markct value af the Property iminr:diately before►he taking is cqual to or greater than►he amoimt of the sums sccural by this
<br /> Security lnstrument immedintely bc:fore thc takin�,unless Borm�ver mid Lender othenvise ugree in�vriting, die sunu secured by
<br /> this Security Instrument shnll Ue reduced by the umaun► of the praceeds muitiplied by the following fraction: (u)the total
<br /> amount of the sums secured immediately beforc thc taking. divided by(b)the fair market value of thc Proprrty immeclintaly
<br /> before thc takinB. Any balance sl�all bc paid to IIorrower. in thc event of n partial�aking of the Propcny in which ttte fttir
<br /> mnrkct value of the Property immediately befo�the taking is less than•the amount of the sums sccured itnmediately bcfon:tho
<br /> taking. unless Barrowcr nnd L.ender otherwise agrce in wriiing or unless appliu►blc Inw utherwise provides, the procecds shull
<br /> be upplied to the sums secared by this Security Instrument whether or not the sums ure titen duc.
<br /> If rhe Properry is abandoned by Bor��avver, or if, after notice by L.ender to Borrmser that the condemnor uffors to make an °
<br /> aa.,rd or: fde a claim for c�atr.�aes, Borrower fails co respond to Lender within 30 days uftar the date the notic;e is giv�,n,
<br /> L,ender is nudtoriaoc!to coJlecc����:g;��•thc procecds, at its option,either to r,.stora�ion or repnir off d�s Property or to the sux��s
<br /> secured by this Sccurity Insirw��en�.��•T,etner or not then due.
<br /> Uniess I.ender artd Ba�rrower othenvise agree in writing, any application of proceefJs to principnl shall not extend or
<br /> postpone tiie due dnte of��e monthly payments referred to in para�raphs 1 and 2 or clirnge the uniount of sua`,i pvyments.
<br /> 11.Borrower Not �t�}e�sed; For6earance By Lender Not a Wa6ver.Extension of the time for psyment or modifcation
<br /> of amortization of the sums secun:d by this Sccurity[nstrument granted by Lendcr to any successor in intci�st of Borrower sh�ll
<br /> not operate to relcase the lisbility of the orisinal Barrower or Borrowcr's succc:ssors in interest.Lender shall not be rcqu�red to
<br /> oommence praceedings ngainst smy successor in interest or refuse to extend time for payrnent or othenvise malify amortizntion
<br /> uf eho sums securerl by ti;is Securitp Instrument by re�son of any dem:uid mado by the originnl Borrower or Borrower's
<br /> sucr,�ssors in interest. nnv ioroearance oy iender in exeirising nr►y rigl�t or remedy snaii not oe a wuiver of or preclude ene
<br /> oxvnlse of any right or remedy.
<br /> 12. S�tece.s.com and Asslgns Boue�d; �olnt and Several Liutri7ity; Co-signers. 'The cosenrmts iind a�reements of ti�is
<br /> Security Instrumc+nt shall bind and bene6t the successors and assigne af r.ender and�arrower, subject to the pinvisions af
<br /> paragraph 17. $orrower's covenante und agreements shall be Joint and several. Any Borrower who co-signs this Securiry .
<br /> Instrument bvt does not e:cecute tho Note: (a) is w-signing this Security Instrument only to mortgage. grant nnd convey!hn►
<br />, kk�rcower's inl�rest in the Property undcr ti�e terms of this Security Instcument; (b)is not personally obligated to pay the�mm�
<br /> securcd by chis Security Instrument;and(c)Agrees thiit Lcnder and nny othor Borrower mny agree to oxtend, modify.forbear ur
<br /> ma�:e any accoirunodations with regard to tlie terms of this Security Instrument or dte Note without that t�orrawer's cansent.
<br /> �3.l.man�Charges. If the lonn secured by this Security Instniment is subject to a l.aw which sets maximum loan cherges,
<br /> �u�c1 that]aw is finully interpreted so that the interest or athxr loan charges collecceG or ta be collected in conqoction v�ith the
<br /> loan exceed Rhe uermitted limits,then: (a)any such loan charge shnit bo reduced by the amount necessary to reduce tlie charge
<br /> ta the p4rmit.,:�1 llmit and(b)any sums alt�eady collected fram Borcower which excceded pormfteed limits will be refw�ded to
<br /> Aorrower. Lender may choose to muke tl�is refund by reducing the principul owed ur+der the Note or by muking a direct
<br /> payment to Borrower. I.f ;� vefund reduces princ:ipal, the rcduction will bo tresrted as a partiul prepayment wlthout any
<br /> pregayment charge under iL•e Y�lote.
<br /> 14.Notiees.Any natice to Borrower provided for in this Security Instrument shall be given by delivering it or by ntailing
<br /> it by ferst class mail unless npplicab�c la�v eoquires use of another method. The notice shall be directed to the Properry Address .
<br /> or any ather address Bonower designatcs by notice to l.ender. Any notice to L.ender shall be given by Crst class mall to
<br /> Lender's eddress srated herein or:uiy other addcess I.eendor designntes by notice to Borco�Her. Any notice pmvidal for in this
<br /> Sccurity Instrument shail ix:deemod to havc ban given tv l�oaower or Lcndcr whcn given as pmvidcd in this pnragr.�ph. -
<br /> 15.Gaverning Law; SeveraUllity. This Security Instrument shall bc govcmecl by federal luw �nd the law of thc _.
<br /> jurisdiction in tivhtch the Property is located. In tho event tl►at any provisiun or clause of this 5ec�uriry Inscrument�r dic Note
<br /> mnilicts with upplicable law. such conflict shall not nffect other provisions of this Security Instrument�r the Nate which can i�e
<br />: given cffect without the conflictin�provision, To this cnd thc provisinns of this Securiry Instrument and the Note are declarc� __:
<br /> to he sevemble. � -
<br /> 16.Borrowcr's C�ny�y.Borrower shall bc�ivcn onc conformed copy of thc Note and of this 5ccurity Instcumcnt.
<br /> Form 302H SS1�J0
<br /> Papo 4 010
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