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<br /> payrncni.s may no langcr ba m,�7uin,�f,nt the option of Lenderr,if mortgaAe insuiance coveroge(in tho nmaunt nnd for the perlod
<br /> U�at L.e;idc:r rcqui�es)p�ovided Uy an i���'urcr c�proved by I.ender ngnin�ecomes avnilt,ble and is obtained.�orro���er shall�:►y the
<br /> � � prcmiams requircd ito maintni.n mortgage lnsuranco in effc:ct,or to prov�do n loss reserve,until the requlrcmcnt for mortgago `:
<br /> ;;'�. inyusance ends in accocdanco with ony writttn agreement betwoen Bonower and Lender or applicablo law. �
<br /> :'N� 4.Inepectbn. Lender or its egent tnay ronlce rcasonabte cn�ies upon ar►d i�sp.,cdans af the Propr�t f. i.ender sh�ll give e=
<br /> Bomw;:no�ce at t2:�dmo of or prlor to an inss►ecdon apecifying rtasonable causo for the insp�ctlon. ���
<br />��:.,�} 16.Cor�dennnptlon. The ptoceeds of�ny awtud or claim for damag�s, dircxt or consequend�al, in connecdon with eny -'_-
<br /> __ -- wr,�.,�r,g'i^^^r�ih�.rakia�nf anv nart o€Q�e�ioae+YV.or for co;�vcyancc in lieu of eendemnation.�re hereby PSSi�ned end �'
<br /> _� shall be paid to L,ender.
<br />_�� In thc event of a total taking of tho PrQperty,lhc proceeds shall be applIed w the sums sGCUrrd by�his Securlry Insuumcnt, -
<br /> whethu or not then due,with uny eacess paid to Borrower.In tho event of a pattiel talcin8 of the Property in which the fair m:aket _
<br /> •`..� value of the Property immediatcly before�the taking is e.qual to or gre,tsur than the amount of the sums secured by�his Secudry
<br />-.�,� Instrument immediutcly before the taking, unless Sorrowcr nnd Lcnder othcrwisa sgree in wdting, the sums securcd by this
<br />--`g Sec�uity lnsuument sha11 be reduced by the amount of�he proceeda multiplicd 6y the follotving fracdon:(a)thv rotnl amount oF � _
<br /> '��_� tha sums secured immedlately before tho taicing, divlded by (b)tho feir mnrket value of the Property immediately bcfore the
<br /> -- eaking.My balance shall bc pald w Boaower.In the event of a parcial taking of the Pcoperty in wldch the fair mtuket velue of Ihe
<br /> ___= Propecty immedlntely before tho taking is less than the a�nount of ths sums sccured immediately beforo the taking, unless
<br /> - - Boaower and L�ndcr oiherwise agree in wdting or unless appUcuble law othenvise provides,tho pmceeds shall ba applied to tl�e
<br /> sums secured by this Sccurlty Inswment whether or not the sums are then due.
<br /> `� If the Pcoperty iy s�a��do�ed�y Bonower,ar if,aftcr nodce by Lender to Borrower thnt the condemnor offers to make an ,
<br />-°�=� awerd or seule a cl�im for damages,Burrawer fails to respond to Lender wi.thi��30 days after ihe date thc notice is givei►,I.eade: -
<br /> is euthorized to collect end apply the proceeds,ai its opiion,eithec to mswratton or repair of the Prope�ty or to the sums socured
<br /> •=-�� by d►is Security Instrument,whether or not then due.
<br /> '" Unlsss I�ender and Borrowu otherwjsa agrea in wrldng,any eppllcation of proceeds to princlpal shall not extend or postpone
<br />- � the due date of the monthly payments re�'erred to in paragraphs 1 and 2 or change the amount of such payments. _
<br /> '�'� 11.Borrower Not[tek�ed;Forbesrana By Lender Not o R►�iver. B�ctension af the time for Irayment or moditicadon -
<br /> � of omortizazntion of the sums secured by this Securiry Inswment gcanted by Lender w eny successor in intemst of Borrower shall
<br />-- not o�►erate to releases the IiabWty of the odginal Borrower or Bocroaer's euccessors in interesG L.ender shall not be required to _
<br /> -"=� cammcnce procealinga egainst eny successor in inte,rest or refuse to axtend tiRa►e for payment or othecwise modify tunotdzation of
<br />"�'-- tho sums secured Ly this Security Instrument by reason of any demnnd made by the original Borrower or Borrowu's succ.essors
<br /> -- = in interesG My forbe,arance by Lender in eaercising any riglu or remrdy shall not ba a waiver of or preclude the oxercire of any
<br /> .-� dght or remody.
<br /> - 12.Successors and Assigns Baw�d;Jm�t and Severxf LlstbU(ty;Co•signere. 'IUe covenants and egroemenis of this
<br /> Security Insm�mcnt shall bind And benefit the successors snd �ssigns of Lender end Bomower. subject to the provisions of
<br /> - patagraph 17. Borrowu's covenants and agrtements shall be joint snd sevaal. Any Borrower who co-signs this Socurity
<br /> Insuument but does not execuu the Nou: (a)is co•signing this Sceurity Inswment only w martgage,gcant and convey that
<br /> = Boirowcr's interest In the Pn�puty under the terms of this Secwity Instrument;(b)is not pusonally obUgated to pay the sums
<br /> securod by thi9 Secuiity Instrument;end(c)egroes that Lendu and any other Borrowes may agcx eo�xtend,modify,forbear or
<br /> mA1ce any eccommodadons with regard to the terms of this Security Instrument or the Note without taat Borrowei's cansent
<br /> i3.Lam Cbar�a. If the loan socured by this Sucurity Instcument is subject to a law wh�:h sets maximum loan charge.s.
<br /> and that law is finally Intccpnced so that Ihe int�reat or othu loan charges coUected or to be colkcted in wnnxtion with ihe loan
<br /> euaed tho permiucd fimits,then:(a)any such loan charge shall be reduced by the amount necessacy to reduce the charge to the
<br /> - permined limit;and(b)anY sums already collected from Bo�rowa which excoodeii peimttted U,mits will be refunded eo Bomowu.
<br /> L�nder may chooso to m�1ce this refund by reducing the princtpal owed under the Note os by maicing a diroct payment w
<br /> Bomawu. If a refund reducss principal,ihe roduction wiU be treeated as s pardal Ac+�f►yment witlwvx anY prepaYmcnt chatge
<br /> under thc Note.
<br /> 14.Noticea. Any noucc to Borrowct providerl fa in ihis Sxwity Insttument shall be given by deliverIng it or by matling it
<br /> by fust class mail unkss applicable law reqn�res use of another method.'lhe notice shall be direcud io the Pmperty Address or
<br /> e��y uii�ni aGd;�u��.�wa d:Ni�atcs by r.odce t�Len�:.P�y�oi�rn tq T r�rlPr ghull b�aivcn hy fitdt C1a44 mell t0 Leridei's
<br /> � address stated buein or any othu address Lcntk�r designates by nodce to Borrower. Any nodce provided for in this Socurity
<br /> � Inswment shaU be deetu�ed to hava becn given to Borrower or I.endcr whcn given a9 provWed in thia paragraph.
<br /> - � 15.Governing Law;Seve�abtiity. 'Ihis 5ecuriry Instrument shall be govemed by federal l�w and the law of thc
<br /> - jurisdiction in which the Property is located.In the event that any provision or cluuses of triis Secwity Instrument or the Note
<br /> --= conflicts wlth applicable law�sucl�confllct shall not effect other provisions nf d�is Securiry Instrument or the Notc which can be
<br /> � given eKect without the conflicdng provision.To this end thc provisions of this Security Instrument and the Naie arc dxlaretl ro
<br /> - -= be savcrablo.
<br /> -— Form 3026 oJOO
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