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<br /> paymcnts may no Inngcr be reyuired, ut thc option of Lendcr,if mortgagc insurance cavcri+gc(in thc amount and for thc pericxi
<br /> that Lc;ndcr rcquires)pmvided by un insurcr approvcd by Lcnder uguin becomes availnble and is obtuined. Aarrawcr shidl psy
<br /> the premiums required to mAiniain mortgage insurance in effsct, or to provide a loss reserve.�°cable�A�uirement for mortgage
<br /> insurartce end9 in accordAnce with any written agreement betwcen Borr�wer and Ixnder or app'
<br /> 9. Inspectlon. Lendcr or its ugent muy make reasona6le entries u�on and inspections of the Property. I.ender shall gfve
<br /> i Honower notice at the time of or prior ro un inspection specifying reasonable cause for the inspection. _,_
<br /> 10. Condemnatlon. The procceds of any award or claim far dumages, dlrect or consequential, in connection with any
<br />:� condemnution or other takin�of any part of the Property,or for conveyance in lieu of condemnation, ure hereby aFSigned snd
<br /> � shall bc paid to Lcndcr.
<br /> , In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Secun;h+ch he fair
<br /> whether or not then due, with any excess paid to Borrower.In the event of a partial tak�n8 of the Property �
<br /> market value af the Praperty imrned�ately before the taking is aqual to or greater than the amount of the sums secured by this
<br /> Sacurity Instrumenc immediately before the taking. unless Barrower and I.ender otherwise agree in writing,the sums secur�d by
<br />' this Security Instrument sliall be resluced by the umount of the proceeds multiplied by the following fraction: (a) the tot�f
<br /> ` umount of tbe sums secueeti immediately before the taking,divided by (b) the fsar market value of the Property immedintely
<br /> before the taking. Any balance shall be paid to Borrower. In the evem ��f a partial takin� of the Property in which the fair
<br /> �` market value af the�operty immediately before the taking is less than t�e amount of the sums securcd immediately before ths
<br />-�;i talc9n�,unless garcawer und 4ender otherwise Instrun ent wh ther or not the su ns`are th n du��se provides. the proceeds shall —
<br /> ; be applied ta tha sums secured by th�s Sec ty
<br /> � If the Propecty is abandoned by Borrower,or if, after notice by Lender to Borrower that the condemnor offers to make an
<br />` award or settle a claim for demages, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> L,ender is authorized to collect and applY tha Proeeeds. at its optian.elther ta restorution or repair of the Property ar to the sun�s
<br /> sc,�ured by this Security InstNment,whether or not then due. ����ion of rocce�is to principal tihall not extcnd or
<br /> Unless I.ender and Bortower otherwise agca in weiting, any app P
<br /> ._ postpone thc duc date of the monthly payments refened ro in paragruphs 1 and 2 or chnngc the amount of such payments.
<br /> 11.Ibrrower Nut Rele�sed;Forbenrsnce By LenderNot�Waiver. Extension of the timc for paymcnt or modi8catiun
<br /> • of nnwrtiwtion of the sums sxured by this Security Instrurnent grnnted by l.ender t�uny successar in intcrest of 8arrowcr shall
<br /> " not operato tu release thc liability of the original Borrower or Borrawer's Fur.cesson in intcrest. l.ender shall not be reyuhal to
<br /> . ���,mence procxdinQS eBa��n�any successor in interest or rcfu�e to extend time for paynxnt or otherwise modify amoctiwtion
<br /> of the suma socurod by this Security Instrument by rcs:son of any cfcnarini itlatle by tlte oslSl�a! R`-'�r^"'er or Barrowcr's
<br /> ; successors in interest. Any forbearance bY L.ender in exercising a��y right or remedy shall not be a wuiver of or preclude tho
<br /> �xercisa of any right or remedy•
<br /> ".� : 1�� �m �nd Assigns Bound; Jo[nt und Several Liabtlity; Co-signers. The covenancs and agree►nents of this
<br /> ! Security Instrument shall 6ind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of
<br /> pnragreph 17. Bonower's covenants and agreements shall be joint anci �scveral. Any Borrower who co-signs this Security
<br /> Instrument but does not exaute the Note: (a) is co-signing this Security Instrument ohly to mortgage,grant end convey that
<br /> - Borrower's interest ln the Property under the ternu of this Security Instrument;(b)is not personally obligated to pay tho aums
<br /> � secured by this Security Inshument; and(c)agrees that Lender and az►Y ather Borrower may agree to extend.mddify, forbear or
<br /> �` make any accommodations with regard to the terms of thi�Security Instn►ment ar the Note without that Borrower's consent.
<br /> -� 13�I oa»Clwrges. If the loan secured by this Securiry Instrument is su6ject to a law which sets maximum loan charges,
<br /> - and that law is finally inte�pretal so that the interest or other loan charges collected or to be collectod jn to reduce�he ctuuge
<br /> loan excced the�parmitted limits,then: (a)any such loar► charge shall be reduced by the amount necessary
<br /> � to the Qermitted limit;and(b) anY sums already collected from Bonower which exceeded permitted iimits will be r�fundad to
<br /> Bornowtr. Lend�r may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If a rcfund reduces prir.cipul, the reduction will be treated as a partial prepayment without any
<br /> . prepayment charge under the Note.
<br /> 14.Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by maaling
<br />-- it by first class mail unless applicable law requires use of another methad.The notice shull be directed to the Property Addrecs
<br /> or any other address Borrower designates by notice to Ixnder. Any notice, to Lender shall bc given by first class mail to
<br /> Lender'c address stated hetein or any other address Lcnder de.gignates by noticc to Bonbwer. Any notice providai for in this
<br /> � Security Ins�rument shall be deemed to have been given to Borrower or I.ender when given as provided in this paragraph,
<br /> 5 15.Governing Law; Sevenability. This Security Instrument shall be governed by faleral Isw and the law of a:h�
<br /> � jurisdiction in which the Property is located. In the event that any provision or clause of this Socurity Instcument or thn Note
<br /> conflicts with applicable law, such conflict shall not aNect other provisions of this Security[nstrument or the Note which can be
<br /> — given effect without the conflicting provision. To this end the provisions of this Security Iastrument and the Note are doelared
<br /> co be severable.
<br /> 16.Borrower's Copy.Borrower shall be given one canformod copy of the Note and of this Security Instrument.
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