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<br /> payments may no longer he required,at the uptiun of lxnder, if mortgage i��.tiurance ci�vrrnge(iu the�unuunt nnd for t6e pednd .. �___
<br /> � that Lepder reyulrrs)provided by un iatiurer approved hy lxnder aHain becumes avidlxble ciixl is��ba►ined. B�srrnwer�hall pay I :�:."�
<br /> die premiums required to maintxin mortaage iacun►nce fn effect,c�r t��provid�a loss reserve, until the requirrment ti�r murt�;uge� ;
<br /> •j insurance ends in uccardunce wld�any writtrn abreement hetweeu Borrowcr xnd LxnJer or xpplIcable I�iw. �p
<br /> ,w ..� 9. Inspection. I..e:uder or its xgent n�ay make re�G�u�u�ble entr�es upon and i�.+{�ectluiu uf tlie Pruperty. L.ender shHll give � ;
<br /> , Borrower nadce at the t�nie af nr priar to xn L�.specdan speclfying rea,onuhle cause fc�r the ii�.tipectfi�n. �1 _,
<br /> 10. Cond�nnatton.The prcxeedti of any award ar clxim for dxmages, direct or cat�.�equrntixi, iu cotinection witft auy C __
<br /> condetpnadan or other takiag of any part af Q�e Property, ��r for cunveyauce in lieu of wndeainati�m, xrc hereby xssigned anJ�
<br /> shall be p�id ta L.ender. ,_ ___
<br /> Ia the event of a total tnking af the Property,the proceeds shxll b�xpplied ta the sun�s securrd by tl�is Secur3ry lntitrument,�"� �'
<br /> whether or nat then due, with any exce�s paid to Borrower. In the event nf a part{sil taking af the Property in which the fair�
<br /> market value of the Property immediately before�he taking is equxl ro or greater than the unwunt uf the s�m�secured by thls �
<br /> Securlry Instrument irainediately befare�he taking,unless Barrowsr and Leader atherwts�agree in wddng, the �m�securecl by . �-
<br /> tlils Securlry Instniment shall be mduced by the umouat of the �roceeds muldplled by die fallawtng fracd�n: (a) die tatal -
<br /> amount of the sums secured iuunecUasely before the wking, dlvided by (b) the f�ir mxrket vxlue of the Property immedIately �,;;
<br /> before the taking. Any bal:tpce shall be pttld tn Bonower. In the event of a pxrtial takin� af the Property in which the faIr �
<br /> market value of the Pcoperty immediately before the txking is less than the amaunt of the sixtn.9 secured immedlarely Uefure the �-
<br /> talcing, unless Bonower and I.ender otherwlse agree in wridn1s ac ualess appltexhle law otherwise provIdes,the proceeds shall
<br /> be applied to the swna secured by this Securiry Instniment whether or not the suros are then due.
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<br /> If the Praperty is abundoned by Borrower. or if,xfter nodce by L.epder to Barrawer that the condemnor offers ta make an - __
<br /> award or setde a claim for damages, Borrower fails ro re�pond to Lender withln 30 clxys after the clate the notice i� given, '--
<br /> ' Lender is authorized to collect and apply the proceeds,at its opdon, either to restoradon or repair of the Praperty or to the sums
<br /> � • secured by this Security Insuvraent,whether or not then due. _
<br /> U n less L en der ua d Bonower o t he r w ise agre e i tt w r l d n g, a n y a p p H c a d o tt o f p r o c e e d s t o p ri n c i p a l s h u l l n o t e x t e n d o r _
<br /> + postpone the due date of the montWy payments refened to in psuagraphs 1 and 2 or change the araount of sucL payments.
<br /> I I1. Borrower Not Released;Forbearance By I.ender Not a Waiver. Extecuion of the tUne for paymeat ar malificudon
<br /> .. .. � of ssuortizsd�u of the s�?ms s�cared by ch{s Securtty Insa�ument grantect by Lender to any a�uccessor in intemst uf Honower shall �
<br /> not operate to release the liability of the originxl Bocrower or Borrower's successors in interest. Lender shall not be requind to �`
<br /> commence proceedings against aay successor In iaterest ar refuse to extend tirae for paytnent or otherwIse mvdtfy amort�xtion
<br /> of the sums securcd by this Securlty Iasuvment by reason of uny demaad made by the odsinal Bonower or Borrower's
<br /> successors in ittterest. Any forbearance by Lender in exercisiag dny right or remedy shall bot be a wulver of or preclude the
<br /> exercise of uny rlght or remedy.
<br /> 12. Successors and Assigns Bound; Joint and Several Uabtlity; Co-signers. The covenants and agreements of this __
<br /> Secnrtry Instn�ment shall bind and bene&t the successors:wd assigns of Lender and Borrower� subject to the provislons of ����
<br /> paragraph 17. Borrower's covenants and agreements shall be joittt uud several. Any Bonower who co-signs this Seciuity
<br /> Iastrnmeat but dces not execute the Note: (a) is co-slgnfng this Se�urity Insuument only to mortgage, graut and convey that �e'�
<br /> Borrower's interest In the Property under the tecros of tlus Security Iasmunent; (b)Is not persoiwlly obligated to pay the swns _
<br /> • secured by this Securlty Instrument;and(c)agrees that Lender and auy other Bonower may agree ta extend,modify,forbear or
<br /> make any accommodaHons wItL regard to the tern�s of this Securiry Instrunient or the Note wlthout that Borrower's conseut.
<br /> 13. Loan Charges.If the loan secured by this Secur�ty Instrument is subject to a law which sets maxirrivm loan charges,
<br /> and that law is 5nally interpreted so that the interest or other loan chxrges collecced or to be coflected in conuecdon with the _
<br /> loan exceed the pem�Icced luuits, then: (a) any such laan chxrge shall be reduced by the amount necessary to reduce the char�e
<br /> ° to the permitted limit; and (b)any sums xlmady collected fram Borrower which exceeded pemtitted limfts will be refunded to --e
<br /> � Bonower. Lender may choose to make this refund by reducing the principal owed under tlie Note or by making a direct _
<br /> payment to Borrower. If a refuud reduces principal, tt�e reduction will be treated as a partial pre�ayment without :wy __
<br /> � I prepayment charge under the Note. .
<br /> � 14.Notices. Any notice to Bonower provided for in tlris Security Instrument shall be given by deliverins it or by mailing _._,__,_
<br /> ; it by first class mail unless applic»ble lstiv requims use of xnother mrthod.The nntice shxll be directed ta the Property Address ;r�__ __
<br /> � or uny other addmss Borrower desigvare� by uutice tu Lxuder. �1uy iiutiu; to Lcnder sti�ll be given by f rst cl:iss mail to ^;,�;;._:
<br /> Lender`s adclress stated herein or any other uddress Lender designares by notice to Bonower. Any noace provided for in dils t=•=----.
<br /> Security Instrunient shall be deemed to have been given to Bonower or Lender when given as provided in this paragrapli. �,.�::;"w';,`
<br /> 1S.Governing Law; Severability. Tltis Security Instnunent shall be governed by federal law and th� law of the >;�,:j',_
<br /> ! jurisdiction in which the Property is located. In the event that�ury provision or alxuse of this Security Insuument or the Note :�;
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<br /> conflicts widi applicable law,such contlict shall�wt affect other provisions af this Securiry Instnin�ent or die Note which can be
<br /> � biven effect without the cnnflicting pravision. To this end d►e pravisions of d�is Security Iiutniment and d�e Note am declared
<br /> ro be severable.
<br /> � 16.Borrower's Copy.Borrower sLall he given one conformed copy ot the Note and of diis Securiry Icutrument.
<br /> IForm 30�
<br /> ��6RINE)�uz�z�.oi P�g�4 of 8 io�a.��: � I
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