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<br /> ' nnymr.nts muy n+�longcn c� rcquircd, ni thc option o(Lendcr, if mortgagc intiurancc cuvcragc (in thc amount unc ur t�c pcnod
<br /> thnt I.cndcr rcyuires)providal hy�m insurcr npprovcci by iw:ndcr again hcrumrs avuilnblc��nd ir obtuined. Bi�rmwcr shull pay �,
<br /> thc prcmiums rcquired tu muimnin mortgugc insurancc in cffcct,or tu pri�vidc i� Ins4 r��servc,until thc rcquircntcnt fi�r moriga�c '
<br /> I insurn�ice ends in urcardiinre with any written agreement hetween Borruwcr und L.�nder nr up��licublc law. `;
<br /> '. 9. It�� ctlan. I.endcr ur its ii cnt ma makc rcasonablc cntrics u cm nnd im cctiuns uf thc P�ro c.rl L.cndcr�hcd 1 ivc �
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<br /> Bvrrcxvcr nutirc nl�I�c timc uf w�ptiur tu an inspectiun ,pccifying r�a::onablc cautic f'or ihc in,pcc:tian.
<br /> `' 10. Cnndemnutlon. The proeecds of any uward ctt cluim for dumuges, direct ur ransrquentiul, in connection with any
<br /> � �.� condemnution or othcr tuking of any part nf thc Prnperty,or for convcyance in lieu cif rondemnatic,n,arc herehy ussigncd and
<br /> ��a�� shull bc p�+id to[.cndcr. �
<br /> ;,�.�►� In thc cvcnt i�P u totul taking uf the Propeny, thc prixeeds shall be applied tc�thc+umti sccured by this Security Instnanxnt,
<br /> ; whcther or nc�t then due, with any excess puid tc� Borrower. In the event of a partial tnking of the Property in which the fair �_
<br /> markct vuluc uf the Property immediately befnre thc taking is cqual ta or grcater than the amount of the sums secured bythis --
<br /> Security Instrument immcdiatcly before the taking,unless Borrower and L.ender otherwise agree in writing,the sums sccured by
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<br /> •• �. this Securiry Instrument shall be reduced by the amount of the proceeds multiplied hy the following fruction: (a)the �otal _
<br /> •. F� � amount of the sums secured immediately before the tuking, divided by (b) the fuir market value of the Property immediaiely �
<br /> `"' before the tuking. Any bulance shAll be paid to Borrower. In the event of a purtial taking of the Praperty in which tt�e(air --
<br /> ' �•.� market value of the Property immediately before the taking is less than the amount of the sums securecl immediately before tt�e
<br /> taking, unless BoROwer and Lender otherwise ngree in writing or unless upplic�ble law othenvise providcs, the proceeds shall
<br /> � be upplied to the sums secured by this Security Instnment whether or not the sums are then due. `
<br /> � �• If the Propeny is abandoned by Borrawer,or if, after notice by Lender to Borrower that the condemnor offers to make an
<br /> N award or settle a cluim far damagcs, BoROwer fails to respond to Lender within 30 days after the date the notice is �ivcn,
<br /> •-_r� .: Lender is authoriud to collect and upply the procecds, at its option,either to restoration or repair of the Properry or to the sums
<br /> �� "• secured by this Security instrument,whether or not then due.
<br /> =.=-.g�? Unless Lender and Bonower otherwise asree in writing, any applicntion of proceeds to principal shall not ext�nd or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the umount of such puyinents.
<br /> 11. Borruwer N�t Released;Forhearance By Lender Not a Wniver.Extcnsion of the time for payment or modi�cation
<br />'�'` .',; of amortization of the sums securecl by this Security Instrument granted by L.ender to any successor in interest of Borrower shall
<br /> ;;:,;;• • not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be requir�d to —
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<br /> commence proceedings against any successor in interest or refuse to extend time for payment or othenvise modify amortilation
<br />--"a•;'F�. of the sums secured by this 5ecurity Instrument by reason of nny demand made ny tne originul Borrower or Burrv�rrr'�
<br />''''`�"' '`�'` successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
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<br /> '` '' :�'� exercise of any right or remedy.
<br />�:;�_;N��'. 12. Successors and Asslgns Bound; Joint and Severul Liablllty; Co-signers. The covenants and agreements ofthis
<br /> 5ecurity Instrument shall bind and benefit the suaessors and assigns of Lender and Borco�ver, subject to the provisions of
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<br /> - __`,ti�� paragraph 17. Borrower's covenants and a�reements shall be joint and several. Any Borcower who co-signs tl►is Security
<br /> Instrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mongage, grant nnd convey that
<br /> _ �- Borrower's interest in the Propeny under the terms of this Security Instrument; (b) is not personally obliguted to pay the sums
<br /> -'`-A'`�"�'� secured by this Securiry Instrument;nnd(c) agrees Ihat Lender and any other Borrower may agree to extend, modify,forb:ar or
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<br /> - _-_- - muke any sccommodations with regard to thc:terms of this Securiry Instrument or the Note withu�lt that Banower's consent,
<br /> _----_-- 13.I.oun Charges.If the loan secured by this Secu�ity Instrument is subject to n law which sets maximum loan churges,
<br /> und that law is finally interpreted so that the intercst or other loan charges collated or to be collected in com�ection with the
<br /> loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the churge
<br /> to the permitted limit;and (b)any sums already collected from Borrower which exceeded�ermitted limits will be c�funded to
<br /> - —° Borrower. Lender may choose to make this refund by reducing the principal ov✓ed 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 />,__,�;Y3„�.�„�� prepayment charge under thc Note.
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<br /> ,,,� 14.Notiees.Any notice to Borcower provided for in tl�is Securiry Instrument shall be given by Jeliveriug it or by niailing �
<br /> --_—° it by first cltiss mail unless applicable law requires use of another method. The notice shall be directed to the Property Address
<br /> _"'-.-"�= or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first class ��ail to
<br /> ---__= Lender's address stated herein or any other address Len3er designates by notice to Borrower, Any notice provided for intt�is
<br /> 'y�;��� Security Instrument shnll be deemcd to have been given to Borrower or Lender when given as provided in this para�raph.
<br /> _..�,��,�� 1S.Governing Law; Severabllity. This Saurity Instrument shall be govemed by fecleral law and the law of the
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