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<br /> ' pAyrne�u m�y no longer be requlred,at the optlon of Lender.tf mortgege insurance covarage(inUie amount and for che pedod _�±r :
<br /> thnt Leeder requln�)provided by an insurer approved by Lender ag�in bccomea availabla and is obtained.Borrower shall pay
<br /> the pnmiuma rcquired to maintain mortgage lnsurance in effect,or to pmvldc a loss reservo,until tlie requlremen�for mortgagc
<br /> insuranoe enda ia accardinco with any written agrament betwcen Bonower and�Snder or applicable luw.
<br /> 9,lnepectlon. I.�nder or its agcnt may make reasonable entries upon and inspoctions of the Property. L.Cnder shall give
<br /> � Bomower notico�t the time of or prlor to an inspection specifytng reasonable cause for the inapection.
<br /> 10. Condanrtatlon. The proceeds of eny award or clalm for d�uneges, direct or consequcntial, in a�nnectlon with any
<br /> conclemnation or o�her taking of any part of the Property,or for conveyance in lieu of condemnatlon, are hereby assigned nnd
<br /> :� shall be p�ld to Lender. �,':`
<br /> !n the event of a total taking of the Property,the proceeds shall be applicd to the sums secured bv�his Securiry Instrument, 'r�
<br /> wheeher or aot then due, with any excess Qaid to Bonower. la the event of a paniul taking of che Property in which the fair � -
<br /> ,.•�.-�� muicn vslue of the Property immediately before the taking is equal to or greater t4an the amount of the sums secured by this �,�
<br /> • Securlty Instrument immediately bcfore the taktng,unlcss Bonower and l.eader otherwlse agree in writing,tha sums secured by �,�-
<br /> : this Sscuriry Inatrum�nt shall be reduced by tbe amount of the pro�cteds muldplied by tho foUowicg fracdoa; (a)the tot�l _
<br /> amount of tho sums secured immediately before the taking. dlvided by (b) the fair market vatuc of thc Property irnmediately _—
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fatr ,,;
<br /> ' � merketvalue of tho Property immediatcly befora the teking is less than the amount of the sums secured ima�ed.ia�ely befon the F�__
<br /> a' talcing,wiless Borrower and I.ender otherHiso agree tn writing or unless applicable law otherwise provides, the proceeds shnll _
<br /> " be applled to the sums secured by thls Secui'.�y Instniment whether or not the sums are chen due.
<br /> �. It ttio Praperty ie abandoned by Borrower, ot if, efler nocice by Lender to Borrower that the condemnor offers to make an
<br /> � ��• awasYl or setile a claim for damag�s, BoYro�ver feils to respond to Lender within 30 days aftsr the date the nott�:e ls given, �
<br /> Lenderls authorized to collect and apply the procads, at its option,either to restoration or repair of tho Property or to the sums
<br /> secured by this Securlry Instrumeat,whether or not then due.
<br /> llnless Lender and Boaower otherwise agree in writing, any application of proceeds to prtaclpal shall not eztend or
<br /> " postpone the due date of the monthly payments reternd to in pazagraphs 1 and 2 or change the amount of such payments.
<br /> `- Il. Borrower Not Released;Forbe�rance By Lender Not a Wetver.Ex[ension of the time for payuxat or modification
<br /> � . '�' of a�mrtization of tho suma secumi by this Securiry Insuuzneat granted by Lender to any successor in interest of Borrower shall
<br /> , not operate to release che liabiliry of the ortginal Borrower or Bonower's successors in intenst.Lender shdl not be required to
<br />� comrnnce prnceedIngs ageiast any successor!n interest or refuse to extend time for payment or othenvise modify amortization
<br /> oi the swns secured by this Securlry Inscrument by rcason of any demand ma�io by the orlginal Borrower or Borrower's
<br /> • succtuore in lnterest. Any fotbearance by Lendet in exerclsing aay right or remedy shall not be a weiver of or pnclude the
<br /> cxa�cfx af�t�ri;ht or r�mtd;.
<br /> IZ. Succesaors and Assigns Bound; Joint and Several Ltabllity; Co-signers. The coveaanu and agreements oi tiiis
<br /> ' Secuclty lnstn�ment shall bind end benefit the successors and assigns of Leader az►d Boaower, subject to the provisioas af
<br />'=:.. paraBreph 17. Borrower's covenants and agreements shall be joint and several. Any Borrowcr who co•signs t6is Security
<br />�tyr*,,:,�'r:��� ., Instnunent but does not execute tho Note: (a) is co-signing this Security Instrument only to mortgage, grent end wnvey that
<br /> `; .s.,;,'.�• Bosmwer's interest in the Property under the terms of tGis Securlry Insttument; (b)is not personally obligated to pay the aums
<br />�: �� `''`' secuttd by this Security Inauument;and(c)agrea that Lender and any other Borrower may agrce to exund,madiPy,fo�r or
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<br /> �'�•°°�""" uualce�ny eccommodadons with regard to the terms of this Securiry Inatrument or the Note without that Borrower's conaent.
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<br />"'"�''� . 13.Loan Charges. If the loan secured by this Securtry Instrument ta subject to a law which sets maximum low ges.
<br />:,-.vr� aad�6at law Ia fu�ally intecpreted so chat the intcrest or other loan charges wllected or to be collected in con�eccion wittt tho
<br /> ���� �f���'"�' loan excad the permitted limica, then: (a)aay such loaa charge ahall be reduced by the amount necessary to nduce the charge
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<br /> �«�- to ttw permittod limit;and(b)any sums already collectal from Borrower whlch excaded permitted limits will be nfunded to
<br />,;,Y;�3. Borrox►er. Lender may choose co make this nfund by reducing the principal owed under the Note or by maldng a direct
<br />==:`s-T:t� paym�at to Borrow�r. If a nfund reduces pdn�ipal, the reductioa will be treated as a partial prepayment wlthout any
<br /> z_Td��:�I.f prep�ymeat charge under the Note.
<br />=-°��� l�i.Notice�.Any nodce to Bomower pravlded for in thiis Securiry Instrumeat shall be given by deliverfag it or by malling
<br /> --•��• Addreas
<br /> y'�.;�� It by ftrat class mail unless applicable law requins use of aaotber method. The nocice ahall be directed to the Propecry
<br /> or any other acldnss Borcower designates by aotice to Lender. Any notice to Lender ahall be glven by first class mail to
<br />�`�::� Lender'a address stated herein or aay other address Lender designates by notice to Borrower. My notice provid�d for ia this
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<br /> Security Instnunent shall be damed to have been givea to Borrower or Lcnder when given as pmvidal in this paragr+p •
<br /> ----��� I5.Governin� Lsw; Seversb[Hty. This Securiry Insuument shell be govemed by federal law and the Iaw of the
<br /> -`�� � ' JurIsdictton ia which the Property is located. In the eveat that any provision or clause of this Securlry Instrumeat or the Note
<br />�.�:-'r"�_ � contllcts with applicable law,such cantlict shall not afixt other provisions of this Securtty Inseniment or the Note which can be
<br /> " '"'"''�" ' ; glven offect without the�onflicting provision. To this end thc provisions of this Securlry Instrument and the Note aze dxlazed __
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<br />_�°-:;x ��': : to lxaeverable. --
<br />_--. . ' "' 1�5.Borrower's Copy.Boaower shall be given oae conformed copy of the Note and of this Securlty Instrument. _
<br />_ Fam9026 9190 __
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