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<br /> � at the option of Lender, i! mortgage insuranca coverage (in the amount and for tho period thet Lendcr reyu�rea) � �,•yr ,:.;_:
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<br /> provided by an insurer approved by L.onder agein bccomea evaileble and is obtained. Borrawer ehall pay tho premiume :'��,r:;�, �j,
<br /> required t� maintain mortgage insurance in effect,or to provide a lass reserve, until tha requirement tor mortgage �•,��_".�'��• H•
<br /> �f ' sn:cf.i�,.
<br /> insuranco enda in accordance with any written agreement betwan Borrowor and I.endor or applicable law. .�;::_�._�_
<br /> •• " 9. Inspection.Lendcr orits agent may make reasonable entries upon and inapectione ot the Property.I.endar ehall „:��w�;�---�°-_
<br /> givo Bonowor notice et tho timc ot or prior to an inepoction apecifying rcasonable cause for the inapection. .='��===°=
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<br /> 10. Condemn�tion.The procaeda of any award or clnim{or damagas,direct or consoquential,�n cannection with ,-
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<br /> any condamnation or othor uking of any part of tha Property,or for conveyance in lieu ot condemnation, are hereby •.L,�.-
<br /> assigned and shall ba paid to Lender. �',�:
<br /> In the event of a total taking of the Property,the proccede shall be applied to tha sums secured by this Security :�:__
<br /> Instrument,whether or not then duo,with any eacess paid to Borrower.In the event of a partial taking of the Property in
<br /> ' which the fair merket vslue ot thB Property immediately before the taking is equal to or greater than the amount oi the _--
<br /> ;�, sume secured by this Security Inatrument immedistely before the taking,unless Bonower and Lender otherwise agrce
<br /> '" in writing, the aume sccurrd by ttuo 3ecurity Instrument ahall be reduced by the amount of the proceeda multiplied by : -_;_
<br /> ��- " the tolloNing fcaction:(a)thetotal amount of the sums secured immediately before the taking,divided by (b) the fair � •�=.Q:
<br /> '•���� market velue of the Propertyimmedietely before the taking.Any balance shall be paid to Horrower. In the event of a :?��._.____
<br />' �� - partial taking of the Prapartyin which the fair market value of the Property immediately before the taking ie less thon ,''.(;r�,,;��,,
<br />- - � '�' th�amount oP the aums secured immediately before the taking,unleas Borrawer and L.endcr otherwisa agree in writing ��.;�;=--
<br /> or unless applicable law aiherwise pravidea, the proceeds shall be applied to the aums secured by this Sxurity : .�;^�:.::___
<br /> ''`', � Instrument whether or not theaums are than due. -
<br /> � If the Proporty is abandoned by Borrower,or if,after notice by Lender to Borrower t6at the condemnor offers to =
<br /> � ' make an award or settle a cleim for damages, Bonower tails to re.qpond to L,onder within 30 days after the date tha �� _
<br /> , notice ie given,Lender ie authoriacd to collect and apply tha proaeeds,st its option,eithor to restoration or repnir of the t �
<br /> —� Property or to the sums sccurcd by thie Security Inatrument,whother or not thcsn due. -'-
<br /> Unless I.ender and Borrower otherwise egreo in writing,any application of procada to principal sh411 n4t estcnd nr �`:_
<br /> . --- - P�P4no c ho duo d aie of tiro rnoi�e►�;y w�y���enis r�fu:�3 ta ':n psrsgraghs 1 an� 2 Qr !'hsllgee th� Ar+?�w�+ of euch - _
<br /> paymcnts.
<br /> I i. Sorrower Not R�lascd; Forbe�r�nco By Lender Not• Waivor. Extenaion of the time for peyment or
<br /> modificetion ot emortiiatianoi tho sume secured by thie Security Inet.rum�nt grented by Lendor to any successor in
<br /> i»tereat of Borrower shell not operato to releeso tho liebility of the original Horrower or Borrower's succeseore in
<br /> � interest.Lender sh�ll n�t be roquirod to commence proceedinge against any successor in interest or retuen to extond
<br /> timd[or psyment or otherwiso modity amortiution of the sume secural by thie Security Instrument by reaeon of any _
<br />'�•'' • demtnd mede by the origind Borrawer or Bottower's successors in interest.Any forbearince by Lender in exerci�ing
<br /> '' ' � , sny rlght or remedy ehall not be a wsiver ot or prxlude the exerciea ot any right or romedy. _
<br />-;��'�' ': ''` 12.Succea��re�nd Asd�ne Bound;Joiat�nd Severd Li�bitity;Co-si�n�rs.The covenanta nnd agrc�oments �
<br /> o!thia Security Instn�ment ahal!bind and beneftt the successors ead aseignc�oi Lender end Borrower,eubject to the
<br />"�,...�:,. '" provisionn ofporagcaph 17. Borrower s covenants and agreements ehnll bo joint and several.Any Bonower who co-signe
<br />=�"•Y�'�'"T��'���� thie Secucity Instrument but does not oxecu•.e the Nou: (a) ie co-signing this Security Instrumcnt only to mortgnge,
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<br />_°•'�:, j grent end convey ttwt Borrower's int:c�est in the Pcoperty under tho urms of thie Securtty Instrument; (b) is not
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<br />;,,_-�� pereonally obliEatcd to pey the sume securod by this Security Inetrument;and (c) agrees that I.ender nnd any other
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<br />_;�•.:•.ir�:,; � Sarrower may agcee to extend, modity,forbear or make any accommodations with regi+rd to the terms of this Socunty
<br />'°"=%'��� Inatrument or the Nota without that Borrower's consent.
<br />;':� 13.Loan Ch�r�ea.If the loan secured by thie Security Instrument is subject to a law which sete maximum loan
<br />- -";;,�� cherges,and that law is tinally interpreted so that the interest or other loan charges collected or to be collxted in �
<br /> :_,;,�,,;��y,�:` connxtion with the loan exaed the permitted limits,then: (n) any such loan charge shsQ be reduced by the amount
<br />�__� _•,�,d.,,.;, neassary to reduce the cherge to the permitted limit; nnd (b} any sums already collxted from Botrowar which
<br />�;�,;�;.b`y exceeded p�c�mitted lirnits will be retunded to Bonower. Lender may choosa to make thie refund by reducing the ' �
<br />:���;°;_.: principel owed under the IJoto or by making n direct payment to Borrower.If e refund reduces principal,tho reduction
<br /> -, ,�,.�� Y • will b�treated ea a partial prepayment without any prepaymant charge under the Note.
<br />�`' �:=,�::� 14.Notices.Any notica to Borrower providod for in this Security Instrument shall be given by delivering it or by
<br /> � ` mailing it by firet cless mail unless applicable law raquires use of another method.The notice shall be dircetal to the _ �`'�
<br /> �"� . Ptoperty Address or any other address Borrower designates by notice to L.ender.Any notice to I.ender shall be given by
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<br /> first cless mail to I.ender's eddress stated herein or any oth�r address I.ender designates by notice to Bonower. Any
<br /> notice provided for in this Sccurity Instrument shall be deemed to hava besn given to Borrower or L,ender when given
<br />_' as provided in thia paragraph. '
<br />-: 15.Goveraina Law; Sovarsbility.This Security Instrument ahall be governed by iederal law and the law oi tha -- �
<br />� jurisdiction in which the I'roperty is located.In the event that any provieion or clause of thie Security Instrumem�r tha '�;�- _ _
<br /> . Note conflicts with applicable law,such conflict shall not affect other provisione of thie Security Inetrument or tho Noto -
<br /> -. which cnn be given eflect without the contlicting provision.To this end the provisions ot thie Security Inetrument and '��•'=_--�_
<br /> theNote aro dxlared to bo severable. ;.`.'��;=;�b�„
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