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<br /> payments may no longer be required. at the aption of I.ender, if mortgagc inaurance wverage(in ths umount and for the perlod , .5,,_ .
<br /> that I.tindcr requires) provided by nn insuror npproved by Lender again hecomes 1vnllablc and it�obtained. Bonower ah�ll[►ay -
<br /> the premiums rcguired to matntain mortgaxgc insurence in effecc,ar co provtde u loas rescrve, unt�l thr.rcquiremera for m�ngaBe
<br /> � insurance ends in accordance with any written agrecn►ent between Sorxowor and I.,ender ar applir.able law.
<br /> 9. Inspoctton. Lender or ita ngent may makc reasonablc cntrtes upon and inRp�tionb of the Property. l.cnder shall give � !'_
<br /> � Borrower notice at the time of or prior to an inspection apeclfying reasonablo ca��i or�conseq►umtial, in connectian with any �
<br /> 10. Condemnatlon. The proct:ede af any award or claim for dnmages,
<br /> � condcmnation or other taking of any pa►-t of the Property, or for conveyanct in lieu of condatnnntion, are hereby as�igned and �
<br /> �.� ' shall be paid to L,ender. � - ;:-=
<br /> In the event of a rotal taking of che Property,the procecda shnll be applied to the sums securcd by thia Security Inatrument, J;__
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<br /> ,..:..•:�-- V whethcr or not th�n �ue, with any excess puid to Barrowcr. In tha event of a psu�tial taking of tha Propeny in which the r ----
<br /> •- "�' markct vulue of the Property immediately bcfore the taking in equni to or greater tlia�i tbi: atnaunt af thc sums sceurcd hy this
<br /> Secudty Instrument immedietely before the taking,unless Bonowor and I.cndcr othenvise aRcce in writing, the sums securcd by :c--
<br /> this Security Instrumeat shall be reduced by the arnount of tha proceedt� multiplied by thn fol(nwing fraction: ia��aQe�
<br /> atuouat of the sums secured imm�11tbeY�d to Bo wler�.�[nj th c ent of a pcu�ial talcinBvofuchc Prop rtyn which the falr _ _
<br /> b c f o r c t h o t a k i n g. A n y b a l r m c e s h p
<br /> market value af the Property immediutely before the taking is loss than t ha amaun t o f t h c s u m s s e c u r e d i m m e d i a c c l y b e f o r e t h e
<br /> the roceeds sh�ll
<br /> taking,unless Boaowcr and Lender o�henvise agree in writing or unlass applicublc law oth�rwir,e provides, p _
<br /> • be applied to the sums secured by thia Securlty Inauument whether or not the sums a�e then due. ___
<br /> If the Property is abundoned by Borrower,or if,afur notice by Lender to Bonower that the condemnor offers to make an -;�
<br /> � award or setde a c1alm far damages,Borrower fnils tv respond to l.ender within 30 days after che date the notice is given, , ,
<br /> #�, Lender is authortzed ro collect and apply the proceeds�at its option,either to restoradon or repair of thc PropaetY or to the sums �:'_:
<br /> ' secured by this Security Instniment.whether or not then duc. Ei±��
<br /> Unless Lender and Borrower otherwise agree in writing, any applfcation of proceeds to principal shall not eatend or �_
<br /> '�' postpone the due date of ttie monthly payments refened to in paragraphs 1 and 2 or change d�e amount of such payments. ��•?`'
<br /> •��.' 11.Borrower Not Reles�sed: Forbenrance By Lender Not a Walver.Extension of the time for payment or modificatioa �_
<br /> of amortizatloa of the sums secured by this Securiry Instrumenc granted by I.ender co uny succcssor in interest of Bonower shall
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<br /> �� not operate to release t1►e liability of the original Borrower or Borrower's succcssors in interest. L,endcr shall not be requlreti to _—
<br /> �' ��n�proc�edings against any successor i ep�b �on of any denmand �de by the original Borronwe i or Borrow�ir's
<br /> ° of the sums secured by ihis Securlty Instrum y
<br /> _ i� succcssors in interosc. AnY farbcarance bY Lender ia exercising any d8t►t or remedy shall not be a waivcr of or preclude the
<br /> -_.._... _.. .� caen:iae uf auy rlght or rs�:edy-
<br /> 12. �ucc�ssors end Ass�g��s R°und; Joint and SeverAl Liab[Itty; Co-stSaus•Tha co�CU�"ts utd a6��"�°f th.s _
<br /> "'� • �''•'`r'' Security Insmunent shall bind und benefit the successors and assigna of Lender end Borrowcr, subjecc to the proviaions of
<br /> paragraph 17. Borrower's covenants and agramenis shall be joint and several. AnY Borrowcr who co-signs th9s Securlry
<br /> Insuument but does not execute tbe 1vo«�e terms of this Security Ins niment 1(b)is not personalgy obliga�ted o pay the sums
<br /> Borrower's interese in the Property under
<br /> F ' ' secural by this Securiry Inatrument;and(c)agrees that Lender and any othcr Borcower may agree to extend,modify.forbear or
<br /> � �k�any accommodattons with regard to Qie terms of this Securiry Inem�ment or the Note without that Borrower's consent.
<br /> 13.Loan Charges•If the loan sceured by chis Securiry Instrument is aubject to a law which sets maximwa loan chuSes�
<br /> aud that law is finally inurpreted so t1►at the intereat or other loan charges collected or to be collected in connect�on wtt�h the
<br /> toaa excad the p�rmttted limits, then: (a)any such loan chargc shall bc reduced by the amount nccessarY to redua tLe charge
<br />- � � to the permitted Itmit: aad(b)any sums alceady callected from Borrower whtch exceoded permittai limits will be retunded to
<br /> " ' Bonower. Lender may choose to make this refund by reducing thu principal owal under the Note or by making i dltect
<br /> � ���;;tl. , paymeat to Bonower. if a refund reduas prtncipal, thc reduction will be mated as n partial prepayment without anY
<br />�'�. prepayment charge under the Note.
<br />' � <s?� ,• 14.Nodces. AnY notice to Bortower prov(ded for in this Sxurity Instn�ment shall be given by delivertng it or by matlin$
<br /> it by first class mail unless aPPlicable law requires use of another methad.The notice ahall be directed to the Ptoperty Address
<br />- ' ` or aay other address Borrower designates by notice to L.ender. Any notice to Lender shall be given by first class mail to
<br /> • `�'#' Lender's address stated herein or any other address I.ender designates by notice to Borrower. Any notice providal for in this
<br />-,z 5ecudty Instniment shall be deemed to have been given to Bonower or Lendcr when gtven as provided in thia paragraph•
<br /> ; �,;:-•., �• 15,Governing LAw; Severabil(ty. T'his Security Instrument shall be govemed by federal law and [hc l�w ofthe
<br />_ jurlsdiction in which the Property is located.ln the event that any provision or clause of this Securiry Instrument or the Note
<br /> , �` . � conflicta w���out�the confl ting provi i n�To thisf nd the provi ions of thisgSecu tty Instnunenttand the Not d laral
<br /> '` giVCII effec
<br /> - , to be severable.
<br /> � 16.Borrower's Copy.Bonower shall be given one conformed copy of the Note nnd of chis Security Instn�meat.
<br /> • � Form 302 90
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