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<br /> paymcnts mny n��lun�;r,r he required, ut thc uptic�u nf I.,ender, if murtgi+ge insurunce�nvcrage(in thc mnuunt and�i>r tl�e period �.
<br /> �hnt l.ender rcuuires)prnvidcd by vu i�isurer appruvcci by I.endcr uguin bcc�mcs u��nilnblc and is obtaincd. Barrowcr shiill pay
<br /> thc premiums required tu m,iintnin martgage imurunce in cfTcct,or to providc u luss reservc, untii thc reqt+ircm�ut f��i i�ic���gag�
<br /> insurance endr in uccardance with any written+�greemcnt l�etween Borrower and Lender or applicuble lu���.
<br /> 9. 6�specUon. Lender or it:�ngent may mukc rensnnablc entries upon und inspections of the Property. l.ender shull givc
<br /> Bu�•�•uwcr nuUcc at thc timc af ar prior to�m inspcction spccifyi�i�rcasonublc cuusc for thc inspcction.
<br /> 10. Coiidemnptton. The proceccls of any award or claim for dmnoges, direct or consequentiul, in connectiun �vitl� uny
<br /> cnndemntuion or uther taking of any purt of the Prope�ty,or for conveyancc:iu lieu of condemnation, arc hereby ussigned and
<br /> shull bc pnid to L.cndcr.
<br /> In the event of u a�tnl t:�king of the Prc�peny,the proceeds shnll be applied to the sums secured by this Securiry instrument,
<br /> whether or not thcn duc, with any excess plid to Borruwer. In tlie event of a partinl taking of the Prope�-ty in wliich �he fnir
<br /> markat valuc of thc Property iinnte�iutcly befnre thc taking is equai to or grcatcr thnn thc amount of thc sums secured by this _
<br /> Sccurity Instnunent immediatcly beforc tlic tuklnB,unless B�rrowcr and I.ender otherwise a�ree in writing, thc sums sccurecl by
<br /> this Security Instniment shall be reducal by the amount of the proceeds multiplied by tlie following fruction: (u) the totKl
<br /> amount of tha sums secm•ed immediat�ly beforG tha takins, divided by (b) tha fair market value of th4 Propeny immediately
<br /> before tha takin�. Auv bulnnce shall be paid to Bon•u�ver. In the event of a pnrtinl taking of the Pro��erey in which the fair
<br /> mnrkct value of the P�uperty immecliately before the taking is Iess thun the amount of ehe stnns secumd imntediutely beforc tl,r
<br /> taking, unless Honower and l.�nder otherwise agree in writing or un(ess upplicuble laav nt(�erwise provides, the proceecls shall
<br /> be applied to the sums secured by this Security Instruiuent whether or not the sums arc tl�en due. �
<br /> If the Property is abandoned by�orrower,or if.after notice by Lender to Borrower thut the condemnor offers to mnke nn
<br /> award or settic a claim for dumages, Bnrcower fuils to respond to L.ender within 30 days after the date the notice is biven,
<br /> L.ender is aut►torized to collect and apply the praceeds.at its option,either tu restoration or repair of the Property or to the sums
<br /> securr.d by this Security Instrument,wlicther ar not then duc.
<br /> Unless L.ender and Borrower otherwise agree in writing, any application of proceeds to principal sliall not extend or
<br /> postpone the due dute of the monthly payments referrecl to in paragraphs 1 and 2 or chnnge the amount of such payments.
<br /> 11.Borrower Not Releused;Forbearance By Lender Not n Wa(ver. Extension of thc time for puyment or modifiantion
<br /> of amortizution of ehe sums secured by this Security Instrument granted by Lender to any successur in interest of Horro�ver xhall
<br /> not operate to release the liubility of the original Borrower or Borrower's successors in interest. Lender shall not be rec�uire[I to
<br /> conunnnce proceedings ugainst any successor in interest or refuse to extend time for paymsnt or othetwise modify tunorilaation
<br /> of tht� sams securea oy cois Su:uriiy Inai�u�iic�d �y r::a��r �f�;n� �'�x"as:� :�-°-�=~; '•�`-' ^T!o!�'�! R�rr�wer or porrower's
<br /> suc�essors in interest. Any forbe�nrance by L.ender in exercising Any right or remedy shall not be a wAiver of ar preclude the
<br /> exercise of any right ar eemedy.
<br /> 12. Succ�ssots and Assigns Hound; Joint und Several Llabiltty; Caslgnets. The covenants and agreemeats of tliis
<br /> Security Instrument shall bind and benefit the successors and assigns of L.ender and Borrower, subject to the provisions of
<br /> paragraph l7. Rorrower's covenants and agreements sliall be joint and several. Any Borrower who co-signs this Security
<br /> InserumGnt b��t dces not execute the Nate: (a) is co-sfgning this Security Instrument only to mortgage, grant and wnvey that
<br /> Borrowcr's interest iu the Property under the terms of this Security Instrument;(b)is not personally obligatecl to pay the sums
<br /> secured by this Securtty Instrument:�nd(c)agrees t1�at Lender and any other Borrower may agcee to extend,modify,forbear or
<br /> make uny accommodattons with regurd to the terms of this Seeui3ty Instrument or che Note without that Borrower's consent.
<br /> 13.Loan Charges.If the loan securect by this Security Instrument is subject to a law which sets maximum toan churges,
<br /> and that law is finally interpreted so thut the interest or other loan charges collected or to be collccted in conneceion with the
<br /> lonn cxcecd the permitced limits, then: (a)any such loan charge shall be re�iuced by the amount necesstiry to reduce the charge
<br /> � v_ ._ n__..,.....�...r:`w `�w a�..a.�..,:rrwl limirc urill hr mfimrletl Y(� _
<br /> �o cne permiucxi iiwii; aiPJ�uj W�y DUwa aitCa�y wiiu.iL:. uQu.uv......... .. r.. ------- °•°
<br /> Borrmwcr. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Hottower. If a refvnd reduces principal, thc reduction will be trez.!ed as a partial prepayment withoat uny
<br /> prepaymen!charge under the Note.
<br /> 14.:Votices.Any notice to Borrower provided for in this Sccurity Instrument shall be given by deliverin�it or by mailing
<br /> it by first clatis mall unless upplicable law requires use of another methcxl.Thc notfce shall be directed to the Property Address
<br /> or any other uddress Borrower designates by notice to Lc:nder. Any notice to Lcnder shull be given by first class mail to
<br /> I,�nder's adclress staterl herein or any othar address C.ender designntes by notice to Borrower. Any notice provided for in this
<br /> � Security instrument shall be deemed to hnve been giveu to Borrower or Lender when given as provided in this paragraph.
<br /> 15.Governing Law; Seve'rabillty. This Security Inst►ument shall be govemed by fedcral I�w and thc law of the
<br /> jurisdiction in which tFe Propeny is located. In the event that any provision or clause of this Security Instrument or the NoYe • •
<br /> conflicts with applia�ble law,such conflict shall not affect other provisions of this SecuriYy Instrument or the Note which cun be
<br /> given effect without the conflicting provision. To this end thc provisions of this Security Instrument and tlie Note are declared
<br /> to be severuble.
<br /> 16.Borrower's Copy.Bono�ver shall be given one conformed copy of Q�e Note and of this Security Instrument.
<br /> Form 3t►28 9/9U
<br /> Poqo 4 of 8
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