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<br /> payments may na lon�cr be requircd, at the option of I.ender,if mortga�e insuranc vera c I lmuun and for ihc peria� ,.
<br /> . that Lender requires)provided by nn Insurer approved by I..cnder again becomes available and is obtained. Barcovrer shall p:�y i i�.
<br /> the pmmiums mquircd to maintain mortgnge insur.lnce in effect,or to provide a loss reserve,until the requiremcnt for rrioregage ,
<br /> insuranee ends In accordance with any wrinen hgreement between Horrower und I.cnder or:►pplicable la��. ,..w,-_
<br /> 9.Inspectfon. Lendcr or its agent may m.�kc rcasonable entries upon and inspe�etions of the Property. Lender shal! give ,. .'j�=
<br /> . •'`� Bonower notice at the time of or prior to an Inspection specifying reasonable cause for the inspection. � ' r
<br /> ��0 10.Condemn�tton. The proceeds of any award ur claim for damages, dlrect ar consequential, iu connecdon with any ; , ''_°:%:__
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<br /> candemnation qr other taking af any pan of the Peopeny, or for conveyance in lieu oT condemnation, are hereby assi�ned and ; . •-t:..-
<br /> sh�ll be paid to Lender. � "'°'-�'-°''='?;�
<br /> In the event of a tota!taking of the PropeRy,che proceeds shall be applied to the sums secured by this Security lnstrument, ; ;�.�;.-=�"°- :--
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<br /> whcthier or not dien duc, �vith any excess paid to Dorrowcr. In the eve��t of a panial taking of the Propetty in which the fair ; . � ,,�;,, �_
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<br /> mazket valne of thc Propeny immediat�ly before the taking is eqval to or greater than the amou„t of the su;ns secur�d by ttiis , �: -�--•- - ---
<br /> Security Instrument iramr,diately befare the taking, unless IIorrower and Lender othenvise agree in writin�,the sums secured by
<br /> � this 5ecuriry lastrument shall be redueed by the :unount of the pcoceeds multiplied by the following fraction: (a) the total :', � -��
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<br /> � amount of the sums secured immediately befare the taking, divided by (b) the fair mazket value of the Pro�►erty immediately fc:;�.;N,
<br /> hrfore the taking. Any balance shall be paid to Bonower. In the evenc of a partial [aking of the Property in which the fair :%rt`.'���;_, _
<br /> market value of the Propercy Imme�fiatel;before the taking is less than the amount of the sums secured immediately before the �' .;.,-
<br /> taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise pmvides, the proceeds shall -.��;��'�
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<br /> be applied ta the sunas secured by this Secuiity Ins[rument w�hether or not the sums are then due. • �_.�.
<br /> - �. If the Property is abandoned by Borrower.or if.after notice by I.ender to Bonower that the condemnor offers to make aa ,r.�-_:.^_
<br /> f awazd or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is giv�n, ��J�,��.,��y�ti,„�— "v
<br /> `�' Leader is authorized to collect a.zd apply the proceeds,at iu optiou,either to re:storation or repair of the Properry or to the sums r��`'•�� �,�:
<br /> secured by Wis Security Instnunent,�vhether or ttot then due. t','��Y��� ,-
<br /> '"° Ualess I.ender and Bormwer othenvise ugree in writing. any application of proceeds to principal shall not eatend ot •' �
<br /> " � postpone[he due date of the monthly payments referred to in paragraphs 1 and Z or change the amount of such payments. i•:;;;
<br /> � 11.Raa�+ower Not Rele9sed;Forbearauce By Lender Nat A Waiver.Extension of the timne for payment or moclification , 1 �, �"�
<br /> �f amr,ni�at;on of�he sums secured by [his Security Instniment gru►ted by L.ender to any successor in interest of Borrower shall � �;,,;
<br /> �` aot operate to celease the liabiliry of the original Bonower or Boaower's successors in intemst. Lender shali noc be requircd io --
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<br /> •, commence proceediugs agatnst any successor in interest or refuse to eatend time for payment or othenvlse madify amortization ; ":r_;
<br /> � of the sums secured by this Securiry Instnunent by reason of any dem.and made by the original Borrower or Bonower's �!
<br /> � �1 ,..;:.
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be u waiver of or preclude the .i�Y
<br /> � exercise of any right or remedy• h5
<br /> . 12.Successors a»d Asstgnv Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this ,,'_-
<br /> • . Security Insm►ment sha�l bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of ��"=
<br /> �. .
<br /> pazagraph 17. Borrower's covenants and agreements shall be joint and several. Any Bonower who w-signs this Security _ .:
<br /> � � ' Instrument but does not execute the Note: (a) is w-signin�this Security Instrument only ta mortgage, grant and convey that ���i
<br /> ' � Bonower's interest in the Property under the terms of this Security Instrument;(b)is not personaliy obligated to pay the sur►u �;���„
<br /> . . securcd by this Securiry Instrument;and(c)agrees that Lender and any other Bonower may agree to extend.modify,forbear or — .:•��-
<br /> ' make any accommodations with regard ro the tern�s of this Security Instrument or the Note without that Borrower's consent. `�
<br /> � ' 13.Loan C6argss. If the loan secured by this Security Instrument is subject to a Isw which sets maximum loan chazges, �`:,
<br /> ' ' T and that lmv is finally interpmted so �hat the Interest or other loan charges collected or to be collected in connection with the �°°
<br /> - . ;,,i;n� loan exceeci the permitted limits,then: (A)any such Ioan charge shall be reduced by the amount necessary to reduce the cha�ge �:N�--
<br /> • to the permitted limit;a�id(b)any sums already collected from Bonower whlc6 exceeded permitted limits will be refunded ta :s-
<br />�' Borrower. Lender may choose to make this refund b reducin the rinci �l owed under the Note or by making a direct " _ _ _
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<br /> . � payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> _ � . prepayment charge under the Note. �-�__
<br />- ' . ' 1�.NoNees.My notice to Bonower pcovided for in this Security Instrument shall be given by delivering it or by mailing �„�����_�
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<br /> it by first class mail unless applicable law requirrs use of another rnethod. The notice shall be alirected to the Property Address � _— _,�
<br />_ , , or any othet address Bonower designatea by notice to Lender. Any notice to Lender shall be given by first class mail to ���=��-��-
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<br /> � � ,; I.ender's address stat�cl herein or any odier address Lender designates by notice to Bonower. Any notice pTOVided for in this °_�„A_
<br /> � � Security Insuument shall be deemed to 6ave been given to Borrower or Lender when given as provided in this pazagcaph. :;;.� � -,�-��
<br /> •'�',�� � '�� 15.Governing Law; Severabil3ty. This Securiry Ins[rument shall be governed by federal law and the law of t�e ;.x����,;; �?�;�_�
<br /> - ''��', '9i judsdiction in which the Property is locaced. In the cvcnt chat any provision or clause of this Security Instrument or the Note ';;'°. .'y. '':.�':=
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<br /> •�I conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be .,.:..�., 3:,;.� __
<br /> '� given effect without the conflicting provision. To this end the provisions of this Securiry Instrument and the Note are declared � _;,,_;,.
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<br /> ;j to be severable. ' "" ~"� �� �
<br /> i 16.Borrov�er's Copy.Bonower shall be given one conformed copy of the Note and of this Security Instrument. ' •°",5'f+'��
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<br /> ' �';.::�: i Form 30 .. _..
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