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<br /> * payments may no langer be rc�uired, at the option of i.ender, if mortgage iatsurancc co�eragc(in the amount and foc the period
<br /> that Ledder requiresj providc:d by an iasurer appmve�by Lender aaain becarzacs available and is obtained. Bdrrnwer shall pay
<br /> the premiums re�uire�i to maintain morcgage insurance in effect, or to prczvid.e a[oss reserve,until the requiretnent fos mortgage
<br /> insurance ends in accardance with any writt�n agreement F,etween Borro��er and �nder or applicable law.
<br /> 9. Ins�tion. Lender or its a�ent may make reasonable entries upon anci inspections of the Property. L.ender shall give
<br /> Borrower notice at the time of or prinr to an inspection specifying reasonable. cause for the inspection.
<br /> ]0. Conr�emnmt�on. Tha proceeds of any award or claim for damages, direct or consequential, in connection with any
<br /> condemnatipn ar othec taking of any part nf the Property, nr for conveyance in li�u of condemnation, are hereby assigned and
<br /> shall be �aid to Lznder.
<br /> Ir the event of a toial taking of the Pr�perty, the prnccc.ds shalI be applicd to thc sums secured by this Sccurity Instrument,
<br /> whether or not then due, with any excess paid to Borrower. �r� the event of a partial taking of ttae Pmpe�ty in which the fair
<br /> rr�rket value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this
<br /> 5ecurity Tnstrument imrnec3iately before the taking, unless Borrower and Lender otherwise agree in writing, the sums secured by
<br /> [his Security Instrument shail be :educed by the amaunt of the procecds muldplicd by the following fraction: (a) the total
<br /> amount of the sums se�ureti immcdiately before the taking, divided by (b) the fAir market value of the Property immediateiy
<br /> ' before the taking. Any balance sha11 be paid to Borrower. In the event of a partial taking of the Property in which the fair
<br /> market value of thi Prcj.yerty immediately before the taking is less than the amount of ine sums secured immediately bcfore the
<br /> taking, unless Borrower ar�d Lende,r otherwise agree in writing or unless applicable law otherwise provides, the proc�ds shall
<br /> be applied to the surns secured by this Securi.ry Instrument whether or nat the sums are then due.
<br /> If the Property is abandone�4ay Bprrower, or if, after notice by Lender to Bonower that ihe condemnor affe:s to make an
<br /> award or settle a claim for damages, Bonower fails tp .*espand to I..ender within 30 days after the date the notice is geven,
<br /> L.ender is authorized to collect and apply the proceeds, at,its optipn, either to restoration or reF. r of the Property or tc�the sums
<br /> secured by this Security Instrument, whether vr not then due.
<br /> tJnless I.ender a,u Borrower othct'wise agree in writing, any applicatinn of proceeds to principal shall not extend or
<br /> postpone the due datc of the monthly payments referrcd tn in para�raphs t and 2 or change the amount of such payments.
<br /> 11. Borrow�r Not Released; Forbear�nce By Lender Not a Waiver. �xtension of thc time for payment or modification
<br /> nf amorcization af the sums secured by this Sccurity Instrumem granted by L.ender to any successor in interest of Borrower shall
<br /> not operate to release the liability of thc original IIorrower pr �torrower's successors in interest. L.en�icr shall not be required to
<br /> commence proceedings against any successor in interest ac refuse tv extend time for payment or other�visc mpdify amortization
<br /> of the sums secured by this Security Instrument by rcasan of any demand made by the original Borro��er or Borrower's
<br /> successors in interest. Any forbearance by [.ender in ezercising any right ar remedy shall not be a waiver qf ar preclude [he
<br /> exercise of ar.y right or remedy.
<br /> j 12. 5uccessors and �,ssigns [Sound; Joint aasd Several Giability; Co-si�ners. The covenants and agrcernents of chis
<br /> ; Scc���+ty Instrumcr� sh�11 hind �nd benefit the successors and assigns of C.ender and Borrower, subject to the provisions of
<br /> � p�ragraph 17. Borrowcr's cnvcnants and agreements shall be joint and several, Any Borrower wfin cp-signs this Security
<br /> Instrument but does not execute the Note: (a) is co-signing this Securiry Instrurnent nnly to mortgage, grant and convey that
<br /> Bnrrowcr's interest in thc Property under the terms of this Se�urity Instrume,nt; (b) is not personally obligated to pay the sums
<br /> securcd by this Security lnstn�ment; and (c) agrees that L.�nder and any other Borrvwer may agree to extend, mc�dify, fnrbear or
<br /> makc any accommcr.lations with rcgard ro the tenns of this Security Instrument or the Note without that $orrawer's consent.
<br /> 13. Loan Char�rs. If thc loan ;ecured b}� this Securiry Instrument is subject to a la«� which sets maximum loan charg�s,
<br /> and that law is finally inter�reied so that the interest ar vther loan charges collectecl or tp be collected in cpnne�tion with the
<br /> loan exceed the permitt.:d limits, then: (a) any such In�r_ charge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted liniit; and (b) any sums alrcady cpllected from Borrower which exceeded permitted limits will be refunded to
<br /> }3orrc7v,�er. I.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment ctaarge under the Note.
<br /> lA. ',�otice�. Any nntice to Borrowcr provided for in this Securiry Instrument shall be given by delivering it or by mailing
<br /> it by �rct class mail unless applicable law requires use of another method. The notice sha�l be directed to the Prpperty Address
<br /> or any other address I3orrower designates by notice to [..ender. Any noti�e to Lender shall be given by Frst class mail to
<br /> I.ender's ad�iress stated hcrcin or any othcr address �.ender designates by notice to Borrower. Any noticc provided for in this
<br /> 5ecurity Instrument shall be deemed ro have heen given to Borrower or L.ender when given as provicied in this parasraph.
<br /> 1�. Gor�erning Law; Severabilit�. This Sccurity Instrument shall be governed by Ccderal law and the law of the
<br /> jurisdictior, in whictt the Property is located. Tn the evec�t thnt any provision or clausc of this Securiry Instrument or the Note
<br /> conflicts with upplicable law, such�onf7ict shall not affcct other provisions of this Security Instrument or che Nate which cun be
<br /> given cffect without the conf7icting provision. Ta this cnd the provisions of this Security Instrument and the Nofe are declared
<br /> to be scvcrablc.
<br /> 1.G, k3orrower's Copy. Borr�wer shall be�iven one confc�rmed copy of the Note and pf this 5ecurity Instrument.
<br /> Fwm 302i !f/�0
<br /> Pepe 4 of N
<br /> M C-3C 19-PV E/4
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