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<br /> payments m�y na lon;er be required,at the opdon of I.e�er,if mortgage insurance cove�e�(in the amount and for the perind =
<br />' - t}sat I.eader requires)provid�cl by an insurer approved by Leader aga9ie becomes available and is ofotained. Borrawer shall pay —
<br /> the premivtns�equir�to maintain Qeortgage insurance in effect,or to provide a loss reserve,uatil the requirement for mortgage =
<br /> ��e¢�S in a�ordance�vith�ny tvren.en agreernent between Borrower and Lender or applicable law.
<br /> 9.Ins�tlpn. Lender or iu agent may make r�asonable euuies t�soa aad iaspections of the Praperty. Lender shall�ive
<br /> ;� Borrower rtotice at the time of or pr►or ta an inspection s-pecifying reasanable cause for the inspection.
<br /> , 10. C�ndemnntlon.The pra�eds of any award or claim for damages, direct or corwequential, in connection with any
<br /> �. condemnadon or other taking of any p3rt of the Propert�,or for mnveyance in lieu of condemnadon,are hereby assigned and =
<br /> - '- shait bc p�d to Lender. -
<br /> ';� In the event of a total takicg of the Pra�erty,the procee�is shaU 6e applieci to the sums s�cured by this Security Instntiment.
<br /> _ � whether ar nnt then due. with any excess paid to Borrower. In the event o�a partial taking of the Praperty in which the fair
<br /> �uukct value of tiie Property immediately before the taking is equa!to or greater than the amount of thc sums secured by this
<br /> �•�� Stcurity(nsteument imr�scdiatefy bcfor�the tuking,unless Bosrower and Ler►der osherwise asree in writing,the sums sccurcd by
<br /> this Seeurlty InsWment ahall be reduccd by the nmount oi'the proceeds muitiplied by the folto�ving fraction: ta; the total �
<br /> nmount�f thc sums sccnr'�•d immediatcly befora the tukin�, divided by (b)the fair market value of the Property immediately
<br /> l�efore the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> " muket value of the Praperty im�ediatel�6efore the tsilcing is less than the amount of the sums secured immediately before the _
<br /> � = taking. �niess Borrower and Lender otherwisc agme in w�riting or unlcss upplicable law otherwise pmvides.the prooeeds shall
<br /> � ` be apptied to the sums secured by this Security Iastrument whether or not the sums are then due. =
<br /> �! If the Pcoperty is abandoneA by 8orrower.or if.after rtotice by Lender to Borrower that the condemnor offers to maite an
<br /> awaid or settte a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> - Lender is authorized to callect and appty the proceeds.et ets aption,either to reswraaon or repair of the Prnperey or to the�*mc
<br /> ::� secured by this Secority instNment.whether or not then due. -
<br /> . r Untess Ixnder and Borrawer otherwise agree in writiag. any appli�ation of proceeds to principal shall not extend or
<br /> ' ;, postpone the due date of the monthly Qayments referred to in paragraphs 1 and 2 or change the amnunt of s¢c6 payments. ,
<br /> �� 11.Bnreower Not Reteased;Forbeaiance By l.ender No!a Walver.F�cension of the time for payment or madific�tIon
<br /> �,� of amortiration of the sums secured by this Security Inswment granted by Lender to any successor in interest of Hormwer shall -
<br /> ''�`•� aot operate to release the liability of the original Soreower or Borrower's successors in i�res� lender shall nat 6e required to
<br /> •:, ; cummence praceedings against any successor in interest or refuse to extend time for pay�rent or othernrise modify amortiTation
<br /> � of the sums secured by itfis �ity instntment by r�san of�y d�.^�taaci maQc �-� � ori�ircaI &orrawer oz a'�urrower's
<br /> successois in interest. Any forbeazance by Lender in exenising any right or remedy shall not be a�vaiver of or pr�xlude the
<br /> � "� exercise of aay right or remedy.
<br /> .•';
<br /> 12. Sucsessors and Ass� Bonnd;Joini aad Several Llabiltty; Co-slgners. The covenanrs and agreements of this
<br /> ' � Security Instrament shall bind a�d benefit the successors ass�assigns of Leader and �orrower, subjsct to the provislons of .
<br /> '��' paragraph 17. Borrower's covznapts and agreemenis shall �,joint and several. Atrr �rrower who co-sigas t�ii�Securiey
<br /> � Instiament but does not execnte the Note: (a)is co-signing this Security Instrument or:�ta mortgage,grant and wnvey tbat
<br /> . '�-� . Sottower's inte.rest in tEie Propetty under the terms of this Security Instrument;(b)is emt�ersonally obligated to pay the sutns
<br /> ` secut+ad by this Secusity Instrumeri:ead(c)agrces that Lec�er and any o4her Borrower may agree to extend.modify.forbear or
<br /> � ���' ma�ce,�ny accomniadations with se+�,3rd to the terrns of this�:curity Insuument or the Ks,�aithout that Sorrower's consent.
<br /> - �'�? 1t3.Loan Charges.If tt►e:r.�n secured by this Security Instrumem is subject to�.Law wirich sets maximum toaa charges.
<br /> � • and thet law is firarly interpreted so that the interest or other loan charges collecte3 or to be coltected in connectIon with the _
<br /> , '?:r� loan excad ttie pe.:�:.:ced limiu,then:(a)any such loan charge shal!be ra��d by tL�e amount neoessary to reduce the chaige
<br /> i�' to tiie termitted limit;and(�)�wy sums already collected from Borrower n•Iucb ea„ae�ed gemritted limits will be refunded to
<br /> --�`� Btm���:i. Leade;aay c�'s:..s�:.�:, mak$this refured by r�ng thP gri�eipal o�� �+er t� Note or by malciog a dimct
<br /> �", . paym�: to Borrower. If a r',�w.3•reduces principal. the reductian vrill be treate2: ;� a partial pregayment wit6out any
<br /> . : '. prepayme�nt charge under the Na::. �
<br /> .�. ,: 3�.Notkes.Any notice to Ba-rower provided for in this Seeurity Instruatent shall be given h,cCelivering it or by m�iling .
<br /> �: t� it by�tat class mail unIes.s apgIi:,zhle law requires use of another method.The notice s�l Be directed to the Property Address
<br /> .W;-: or�x•nther address Bor.ow�+;�ignatcs by notice tu L��:. Ilny naric�tv Ler.��hal1 bs given by fust class mai! to
<br /> • '�) �. Lender's addre�s stated herein o:any other address I.ender��i�.�axes by notice to Fu�inawer. Any notice provideQ for in this
<br /> Seturiry Instntment shtill be deemed to have been given to Borroc.c�c or Lender whea given as provided in this paragraph.
<br /> 1S.Governi�ng Law; SeverabiHty. This Security Instrument shAll be govemed by federal law and tlie law of the
<br /> �,, �• jurisdiction in which the Pronerty is located.In the event that any provision or ctausr of this Securiry Insuument or the DTote
<br /> • �� coMicts with applicabie law,��wnflict shall not affect other provisions of this So�..rcy Instnunent or the Note which can be �
<br /> �� givea effect without the coc�f:i:la��,y provision.To this end the provtsions of this Secr:r:�r_:instrument and thc Note are declared
<br /> to 6e severable.
<br /> ' ; 16.Borrower's Copy.Borrower shall be given one canfnrmed co�•of the Note and of this Securiry Instrument.
<br /> � fotim 3028 8J9D
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