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� , . . .. _ . -- , .��.�,��.-.�:.s:.�. .-•-_.— -- - - � —. . - - �y ments mxy no lunger be rcquirod,at thc aption uf Lender,if mortgage insumnee cavcroge(in th�wnounti�or t �la�i tlut i.,endcr requires)provided by an insurcr epprove�i by Lender dgain becames availeblc anJ is nbtgined. Ba�rower Rha! pry thc premfums roquirat to mafntain mortgAge inwrance in effect.or to provide a lots reservc,untll the rcyuircment for rtwrtg�c insurance ends in occordance with any written egreecr►ent betwan Borcower and L.tnder or applicable IAw. 9. Inspectlun. 1,ender ar its agent i»sy mni:c rca.o►�al�lc caules npnn xnd inspecHons of the Pc�peRy. Lender shall g{ve -- Aorrower notice�t the time of or pria�to wn i�eccion spccifying re�soiwbte causo for the inspectton. 10. Condemn�t{on. The pmceeds of ar�award or cleim for dame�es.dirat or cwnsoquential. in connecttun wlth any condemnatiun or other teking of any part af tAe�'soperty.ar for conveyar�ce�n Iieu oP w►►Jc�ur�:iEar..arc h:.ttlsy�.sESseed end shall be paid to Le�der. In the event of a total teking of the Property.the Proae�is shaU be appliod to the sums socurod by this Securtry Instniment. wt�ether or not then due. with any excess paEd to Borrower.In the event oi a p�tial tal:ing of the Proporty in which tha fai� market value of the Prope�ty immediateiy bef9ce the wlcin8 Is oqual to or greattr than the ecnount of the sums secural by this Security Insttument immediAtely befon the tald�Z.unless Borrower ard Lender otherwlso a,gree in writing.the sums secured by this Security Instcument shall be reduced by the amount af the procads multiplied by the following fractlon: (a) the total amount of the sums saun�InrunediatelY befon the taking.Jivided by(b) the fair mar/:at value of the Pmpetty immad{ately befon the taking. My halance shall be paid to Borrower. In the avent of a pu�tial taking of the F'�operty irt whioh the fair muka value of the Propeny icnmediately before the taking Is less than the amount of the sums secured icnmodi4cely befare the taking,unless Banower and l.ender othenvisc agm in writin8 or unlcss applicxble faw otherwisc provides, the prooads shall be appliad to the sums secured by thls Security Instcument w6ether or not the sums arc chen due. If the Propercy is abandoned by Borrower,or if.after notice by Lender to Bomower that the oondemnor ofters to make an awerd or settle a claim for damages.Bortower fails to respond to Lender within 30 days after the date the noa'v�e is given. Lender i�authorizzd to oollxt and apply the procoeds.at iu option,either to nstoration or repair of the Properry or to the sttms secured by this Securiry Instrument.whether or uot then due. Unless Lender and Horrower athenvise agree in writing, any applicadon of proceods to principal shall tat extend � postpone the due data of the monthly paym�nts refemed to ia paragraphs 1 and 2 or change the aa�unt of such payments. ll.Bomuwer Not Re�ed:Forbarinoe 1�7�NO��W�vK.Extension of the time for payment or modificadon af amo�tization of the sums secund by this Sea►rlty Inswment grantal by I.ender to any suooessor�n interest of Borrower shall not operate to nlease the liability of the origiml Borrower or Borrower's sucassors in interest. Lender shall aot be required to commen�;cc proceedings agdnst any suoassor in imeresc or niuse io caic��ti�t�;i�Y'�t ar ostzer�i°.��.�;a�st�zA!'^n of the sams secuned by ttns Socurity Instrument by rcason of any demand made by the original Boisower or Borrower's sucoessors in intec+est.A�y forbearanoe by Lender in ezerrising eny dght or remody shall not be a w�iver of ar pnclude the exercise of any dght or nmcdy. �� Ve�� a ats of tfiis 12. Suoc��+ora�nd AssiBn� Bou�d: Jofnt and S�veral Usbiiity: CCo--skuers• 8�M Secudty Instrument shall bind and benefit the snooessors end assib*ns of Le�der and B°m°wer. subjxt to the provisions of pu�agnph 17. Borrower's oovenants and agreements stwdl be jo[nt and sevenl. Aay Borrower who co-signs�th9s Secudty Instrume�t but dc�es not exxute the Note: (a)is co-signipg this Security Instrument only to mortgage.granc and'oonvey that Horrower's inteoest in the Property under the terms of this Security Insaumeat;(b)is aot personaUy obligatod tb pay tha swns serurod by this Security Instiument;and(c)s�gc'ers that Lender and any other Borrow'er may agtee to oxtend.modify,forbw•or m�k�any�coommodatio�s with regard to the terms of this Securiry instniment ar the Note without tt�at Borrowetr's oonsent. 13.I.o�a Chsrtes.If the lou►secured by this Security Inshument is subjat to a Iaw which sets rtw�timum loan chuges. and thu Itw is finally inte�pretod so that the intercst or other loan charges oollected or to be oollocted 3n rnnn�ction with the loan exoeed the permittod limits,tlxn: (a)any such loan charge shall be roduvod by the amount nxessary to recluce tho charge to t,he permittod limit;and(b)anY sums alteady collected from Borrower which caoaedod pertnitted Itmits wiil be nfunded to Bonrower. Lender m�y choose to malce this refund by roducing the principal owed under the Note or by making a direct p�yment to Bomower. If a aefund rexluces principal. thc rcductiu�i 1vllt b:, ttraitcd as a pr.rtisl prepayn�c�t w;tlxwt any .-- ps+epayment ch�rge under the Note. 14.Notteas. Any ratice to Borrower pmvidod for in this Socurity Instcument shall be given by delivering nt or by m�iling it by 6rst class mail unless applicable law requic�es use of arather method.71ie eotioe shall be directed to the Pnoperty Address or uny dher eddress Bon�wer designates by aotice to Lendcr. Any notia to I.�nder shall Ue given by first clus mall to Lender's�ddnss statoct hec+ein or any other eddress Lender designates by notia to Borrower. Any notioe provided for in this Socutity Insttument shall be deemed to have boen gtven to 8arrower or Lender when given as provided in this paragtaph. 15.Goveroing I.aw; Severpbility. This Securiry Iastrument shall be govemed by fexleral law and thc law of the jurisdiction in which thz Property is located.In tbe event that sny pr�ovision or clause of this Securiry Instrument or the Note conilicts with applipble law.such conilict stiall not affect other pravisions of this Security Insuument or the Note which can be given effect wi�fiout the oonflictins provision To this end the provisians of this Socurity Insqument and the Note are declaned efl be severable. 16.Borrower'e Copy.�orrower shall be givcn ane oanfom�al oopy of the Note and of chis Security Instnttnent. r-o�,ao2e s�so v.y.�o�e ,___ -�— �_.��,-�_ ---__�__ —° ---_ -- --=a�#.�caa±Y?i�r;��------ _- -- -- ---