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<br /> � payments rr�ay no�on�er bc rcquired, at the ny+ti�r��?f[xnde�r, if riaortgug,e ir.suran�:coveca�e(in tl�e amount and for the periocf
<br /> tttat i..e��der reyuires? pravided 'oy �n insurer aFprc�ved by Leneier agaiti nce�mes a�v�iiable and is�btainecl. Borrower shall pay
<br /> tbe�remiums ;cyuired tn maintpin mc�rtgage in.�urance in effect,oir ta providc a loss resei"ve, until the requirement for martgag�
<br /> insu►�anc�ends in accorda�ce with any �vritten agreennemF between itorrower aexl [.rnder ar appli��ab(c law.
<br /> ' 9. Cnspecti�n. L�nder or its n��.nt may makc reasona6lc enh�es upan and inspections af the �roperty. Le�►dcr shall give .
<br /> ]3arra�yer nntice at thc time af ai°priar ta an inspectivr:��ecifying re-�,aonable c��,�e fnr th��inspeetinn.
<br /> � 1fl. Co��dernnat3nn. The prvicer.ds af any arvard ar claim for dama�e�, �!is�t or a�onseqGential.� in connertion with any
<br /> condcmnaxi�c� or�th� takin� of any Fart z+C the Propert.y, or far��nveysr��� ir li�u of Condem.eHtion. aro hcreby assigned and
<br /> snall t�e paid to i.�r ._r. .
<br /> In ihc event nf a total taking of the Property, ehe proc�ds shall be ap�li�d:��c}re�ums sccured by this Serutity Instrument,
<br /> whe!her or noi clien d�n, with anv exccss paid to Borrowcr. In thc event Af mm pastial t�king nf tP;s Prqperty in which tt�e fair
<br /> market value of tlie F'ro�crt,y irrzrnediat�.�_; before the. taking es ec�ual to or grea2ar than t�te�mount of the sums secured by this
<br /> Secur;ty Instcumene immediatcly before thc;.�.ki�7�, unless Bo,`rower aruj l.er►dcr otherwise agi�e in writing, the surns se�ured by
<br /> th'rs S��c�irity Instrument shall b� r��ciuced by th+� aunount ot the procceds mvltiplied by the follnwing trnction: (a) �the tntal
<br /> ;rmount of the suras s�cured imme�t:atcly before 4iie t�lcing, clivided by (b) the fair rnarket valuc af thc Froperty immediat�ly
<br /> b�fpre the taking.. �iiy halance shall be paid to Bo�rower. in the event a�a gartia! taking af ti�c Propecty in which the fair
<br /> m�rket valu�.of tlt�Prpperty imrrsediately before tt�c iak_ing is 1cs5 h;�an the arnounr of the sums scxur� immec',iatefy t►efare the '
<br /> caking, unle_;s Rnamwer a�id Lender�therwise agre� in wri�:r.g ��z unless appli�b�e law otherwise provi�ies, the proce�ds sixail
<br /> he srplied to the sums secured by this Sccurity Instrum�e�t wh�t'trer ar nnt the surrss ure th�due.
<br /> ?f�hc �'rr�pert}� is abarad;�ned by isorrvwer, or 7f, aft�r nr.tic^bv T��=�der to fkorrower tf►at the ca�dem�o����.rs tn make an
<br /> award ar sett�e a d�:in� for damag�. 'Borrower faiir to .:��„Yr^'?v �r:.?�r �vithin'30 days �ft�r the �atc the natice is given,
<br /> [.e!�der is�athorizcri to c_�llect anr3 apply the pra�s,a?i�:,v�'iqr:, ei��er:u rescora4on or r°p:�ir a:�.�e Property or to t'_:e sums
<br /> secured by chis Sec��rity Instrurnent, whether or nat ta�en due;.
<br /> Unless Lendr:r and F3orrower �atherwisc agrc,:. in t:'^.:���;. a^y appliratio►� of prch�Ss tr. prinL�R�aI ;{-�r�4; not ezte�id or
<br /> poscpone the due date:of the mondily payments referred tc�3n pawagraphs l ar�d 2 or change the.�ma�nt vt suc�paym,�nts.
<br /> il. �nrrn�vr:r ',vat Released; �'orlr urs�ce By i.,R:nder Nnt a Waiver. �xtensi�n of�he ►in�� �nr pay:nent ^r modification
<br /> af amortizatian o'i tlie sums securcd by this S�curity Instrutnent granted by Le�i�sr tc,any su4r�sx►r in i�ti.e�esi.c;i�nrrower snal�
<br /> not operate to re',ease the I:abi!ity of thr orip:��al ��rrower pr�:�rrower's successors in inter�K, 1..endPr a:ea�l nnt !�r �;��ircd te
<br /> cor.rmenc�:procr:eding� aga.inst any successor in �:iterest �r r�,�.c;se tq exte:�d ��::c `�r p�ym.�-nt or other�visc r���di€y ^r���ix,«tin�
<br /> of the siicns sc;;a�:ed hy this 5ecurity Instrume.�t by re:�;.n�c ;� a;.y deman� rtza.j° by th� er�ginal Flnrrowtr z>r �3oct'�?�a'��''�
<br /> sucCessr�rs in i�.itcrest. A,ny f��rbear-�7ce 6�y Len�l�tr �s� exey;'i5�ng, any ri�ht or retn��iiy ti.,�i1 raot he a ��a�v�r c�f a: preclud�� t;tz
<br /> exercise o('ar.} ri�nt pr re:nedy.
<br /> 12. Sucr��ors and As�i;�ns Bound; Joint and �vernl Liability; Co-slg�sers. 'I'he cavcnants �nd a�r�°mer.ts nP this
<br /> Security lnstrurient s}aall bind �ind bene�it the successrrs and assi�;ns a: Lpnaer and �rrawer, subject to t�� rro�isians of
<br /> para�raph 17. f3c�r-rower's cav_nants ar�d agrcements shal! be jo���c and several. Any Borrow�r who �o-s��ns tliis Serurity
<br /> Intitrurncnt hut docs �ot execut� the Note: (a) is co-signin� this Security Instnz:nent only to mortgage, grant an�i conv�:y that
<br /> �rrower's int�rest in the Propi:rty under the te�ms a�'tP�is Secur�!;� ir�serument; (b) is�ot personatly obligatecl tcr �uy the sum�
<br /> securerl hy this Security Instrumcnt; and(c)agree,<that I,er�d�r and uny other Horro�vet may agree ta extend, maiify, f'orbear�r
<br /> �nake any 7ccnmr*�odations with regard to the terms af tF�is Sccurity Tnstrument�c�r th�e l.+lote wit��cat that Borrowsr's cc;nsent.
<br /> 13. l,c>an �;harg�. If thc laan secured by khis Security]nstrument �s subject rr,a law wt�ieh sets marim�am la�n eharges.
<br /> and that lzw ic {if13IIY 111�CYjlCCIP_LI SO i�la1 �F1C 1[!tC]'�Sf Cr1'dC�C!' IASR c:hargcs cofler,ted or io be evllectcd in cnn�ection with the
<br /> Ic�an exceed che permittcd limits, then: (a) any such lcaar chargo shall be reduced by thc amount necessary io reduce the charge
<br /> to the permittec� limit; and (b) any sums alrc�dy ���lle�ted �rom Barrowe:which exceede�i perm::2ed lir-�its wili M:: r�•Cunded to
<br /> Finrcower. I�nder may choose to rnake this refiin� �y re.�iacing the principal owed nnder the Note or by making a direct
<br /> payment to $orrawer. If a r�fund reduces prin.ip8l, the rr:duction will be treat�d as a partial prapayment �ithout any
<br /> �repaymeht�harge under the Note.
<br /> 14. Noiices. Any notice to Br�rrower prrrvidr� tar in eh9s Sccurity Tnstrurnent shall be�%ren by deliverin� it or by mailing
<br /> it by f r-st ctass mail unleys applicablc law requires usc of an�ther mathod. 'X'he natice shal) be directed ro the Praperty Address
<br /> . or any other address Borro�ver de.si�n�te� by nc�tica to f.cr►der. Any notice to Lendtr shall be given by first class mail to
<br /> Lender's �ddress statcd herein or xny other address L.en�ler design.ates by na43�e to Borrov�er. An,y notice pmvided for in this
<br /> 5ecuriry instrament shall be deemcd to hps�e been given 40�arrawcr or Lende�wh�n given as pinvided in this paragraph.
<br /> ' 15. Governeng Law; Severabiltty. Tl�is Secu�zy Ir�stnimenc shall be govemcd by R'erierxl (aw and the law af the
<br /> jurisdictinn in which the Property is located, in the event that any provision cr c4auye of ti:is Secur;ty Instrument or the hote
<br /> cont7icts with �pplicable law, such confli�t shall not�ffect other provisio�ss ef th�s�nrity Ihstrument ar the�i:�te which can be
<br /> givcn effect without the conflicting provision. `fo this crtd the prpvisions of this Secticity ►n.atrument and the Note ure dccl:�red
<br /> to be scveruble.
<br /> l6. �iorrowcr's Copy. Borrower shall be giver.an�conformcd copy a�'tlte Notc and of this Sccurity Instrurt�ent.
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