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<br /> paymcnis may nn Icmgcn c�rcyuircd,ut thc uption uf l.cndcr, if murtg•rgc insurancc rovcragc linThc amuunt and fur thc�xri��l
<br /> that Lcndcr rcyuires)pruviilcd hy an inyurer:tpprovcd by L.cndcr uguin berometi avuilablc and iti ubtained. Borruwer xli:dl pay
<br /> the premiums required to maintain mortgage insurance in ef(ect.or to pruvidc x lu+, re+erve,until the requirement (or man�;agc
<br /> insurancc cnds in accordanrc wid►any writtcn agrecmcnt hctwc�:n Bormacr anJ Lcndcr ur applicablc law•
<br /> ' 9. Insg:.itlan. l.cnder or its ngent may make reasonable entrics u{nm .+ud in+Fxctiun.uf the Propcn}•. Lcndcr ,fiall vivr �
<br /> � � Borrawer notice ut the time uf or pric�r to an inspection specifying rea�rniublr r:wse for�he inspechon.
<br /> � l0. Condemnation. The pnxeeds ��f any a�vard��r cluim for damages. direct nr ronsequential, in connecti�m with any _
<br /> �"'"�� condemnation or othrr takinb of any part of�he Propeny,ur fur con�eyance in licu of rundemnatiun, .irc hereby as�igned and
<br /> �"""A shall bc paiJ to I�ender.
<br /> � In the event of a rotal wkinc of the Property,the praceecis sh;�l be applied to the sumti secured by this Security Instrumcnt,
<br /> ' whether or not then duc, with any excess paid to Borrower. in the event uf a partial tuhing uf the Prc�peny in �vhich the fair —
<br /> market value of thc Propeny immediately befnre the t�king is equul to or grcater than the amount of the sums sccured by this
<br /> , .;� Security Instrument immediately before the t:ilcing. unle.ti Barrawer and LenJcr otherwise agree in�vriting,the sums secured by _
<br /> • . this Security Instrument shall be reduced by the amount of the proceeds multiplied by the folle�wing fractian: (u) the total
<br /> 1,• nmount of the sums secured immediately beiore[he taking, divided by (b) the fair market value nf the Property immediately —
<br /> � before the taking. Any balance shall be paid to Borrower. In the event of a paniul taking of thc Propeny in which the fair
<br /> � �` murket value of the Propeny immeciiately before the taking is less than the amount ��f the sums secured immediately before the
<br /> taking, unless Borrower and L.endcr othenvise agree in writing or unless applicable luw otherwise provides, the proceeds shall _
<br /> ' .,,,�'.; be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> ••,•;,;.;;::z., If the Property is abandoned by Borrower, or it,after notice by l.ender to Bona�ver that the condemnor offers to makt an =
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<br /> v. � -: uward or settle a claim for damages, Borrower fails to respond ta L.ender within 30 days after the date the notice is g�ven.
<br /> � l.ender is authorized to collect and apply the proceeds,at its nption,either to restorution or repair of the Property or to the sums
<br /> secured by this Security Instn�ment,whether or not then due.
<br /> Unless Lender and Bonower othen�•ise agree in writing, any upplication of proceeds to principal shall not extend or
<br /> , �„�� postpone the due date of the monthly payments referced to in p:uagraphs I and 2 or change the amount of such payments.
<br /> - 11.Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment ur modification
<br /> ' of amortizution ot'the sums secured by[his Security Instrument granted by Lender to any successor in interest of Borrower shall
<br />_:_._.:��_� n�t os,ernte to release the liability of the ori�inal Bonower or Borrower's successars in interest. Lender shall nat be required to
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<br /> • ,;•,;�r:w commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amon�iauon
<br /> �'"` of the sums secured b this Securit �r�strument b reason of an demand made by the original Borrower or Borrawer's
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<br /> -_ :i i1.;;;,;;,, � successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the _
<br /> �±���,� �`�' exercise of any right or remedy.
<br /> '�'�•��i; 12. 3uccessors and Assigns Bound; Joint and Several Liability; Casigners. The covenants and ugreements of this
<br /> -'-.=:"•����f' Security Instrument shall bind and benefit the successars and assigns of Lender and Borrower. cubject tn the provisions�f
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<br /> - � �i;;'+�;+'^, paragraph !7. Borrower's covenant� and agreements shall be joint and several. Any Borrower �vho co-signs this Secunty
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<br /> •;;.��(,: Instrument but does not execute the Note: (:�1 is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> —�'''f�,;;. • Borrowcr's interest in the Property under the terms of this Security Instrument: (b) is not personally obligated to ppy the sums
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<br /> '�:;*l,Y,'L, •� secured by this Security Instrument:and(c)agrees that Lender and any ather Bonower may agree to extend, modlfy, or or
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