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. .. ,,;, . .. --� . .. ._.._.. v � -- --- --_ _.�w,_ - ::.,�,:- _.��...__ ._ — - -- - - _- _ _ n�y � - --_ _ - - -- -- 9��.J/3et7 payments muy no longer be required.ut thc option of Ler�der, if martgugc insurance coverage t�n the amoant and for the period that T.ender rcquires)providcd by w� insurcr approved by I.ender agnin becomes avuilable �nd is obtaincxi. li�rrawcr hhall pay the prcmiunis rcquirod ta malntaln martguge insurance in effect,or to provide A loss nscrve.until the requircmcnt for mortgage insurnnce ends in nrcordence�with nny written a�rcement between Borrower and I.ender or applicablc Inw. _ 9.Inspectton. Lender or its agent may makc rcasonable entries upon und inspectians of the Prapeny. l.cnder shall glve Barrower notice at the time of or prtor to an inspaction spectfying reasotulble cuuse for tho inspection. 10. CondemnAtion. The procoals of any award or cluim for damages. direct or consequcntinl, in connection wlth a�►y condcmnation ar ather taking oF any part uf the Property,or for conveyancc in lfeu of condemnatton,ure hcreby assignal und shall be paid to i.ender. fn the event of n total takins of the Property.thc proceais shnll bc Applied to the sums secund by this Sccurity Instrument, whethcr or not then due, with any excess paid to Horrower. In the cvent of a partial taking af the Property in wltich the falr market value of the Pmperty immediately before the taking Is equal to or greater than the amount of tho sums securod by this Sec�u�ity InsUVment immediately before the taking.unless Borrower and I.ender otherwise asree in writing,the sums secured by thls Security Instrument shall be reduced by the iunount of the procceds multiplied by the following fractlon: (a) the total amount of the sums secured immediately before the taking, divided by (b)the fa�r market value of the Property Immediately befare the taking. Any balancr. shall be paid ro Borrower. [n ihe ev�nt of a partial taking of tha Properry in which tlie fair m�uket value uf U►e Froperty immediatciy bcforc the ta{cing is !as thAn the amount of tlie sums secural immediutely 6cfare the taking, unless Ronower and L.ender otherwise agree la writing or unless appltcable law otherwisP provides, the proceeds shall be applied to thc sums secured by this Securlty Instnunent whether or not the sums are then due. If the Pa�perty is abandoned by Borrower,or if,after notice by I.ender to Borrower that the condemnor offers to mafce an awt�cd or settte a clsum for damages. Bormwer faits ta mspond to Lender within 30 days aftcr the date the nottce is given. Lender is unthorized to collect and upply the proceeds,at its option.either to restoratlon or npair of the Property or to the sums securod by this Securiry Instrum�nt,whett�er or not then duc. Unless Lemier and Barrower othe�wise agrce in wridr►g,any application of proceeds to principal shaq not extend or postpone the due date of the manthly payments referred to ln paragraphs 1 end 2 or change the amount of such payments. 11.Borrower Not Rdes�sed;Forbearunce By I.ender Not a Walver.Extension of the time for payment or moctification , of amortizetton of the sums secured by this Security Instnunent graated by Lender to nny sucxessor in Interest of Borrower shall ��,i a�ate t�rt�a�:,thc l3ability cf ttte ortg3sts!�rto:��r or Hors�+wr's c��MCnrc in intere.ct. i.ender shall not 6e r�uircd to commence proceedings against any successor in intenst or refuse to extend time for payment or otherwise modify amortizat[on of the sums secunxi by this Security Instrument by reason of any demand made by thc origtnal Borrower or Bomuwer's successors in interest. Any forbearuna by Lender in exercising any right or nmedy shnll not be a waiver of or preclude the exercise of any right or remady. 12. Suocessors and Assi$ns Bound; Joint and Severstl Li�bility; C.o-si�nens. The covenants und agreoments of this Secudty Instnunent shall bind and benefit the successors and assigns of I.ender anct Borrower. subJect to the pmvisions of paragraph 17. Borrower's covenants and a�reements shell be joint und severnl. Any Bomower who co-slgns this Securlty Instn►ment but does not cxceutc the Note: (a) is co-signing this Securiry Instrument only to mortgage. grant nnd oonvay that Borrower's intenst in the Property under the terms of this Secudty Instnunent;(b) is pot personally obligated ta pay the sutns socurod by this Security Instniment;and(c)ngrees that Lender end any other Borcawer may agrea to extend, madify.forbear or nwlce any aaomrtiodaaons wIth ngard to the terms of this Security Instrumeat or the Note without that Borrowor's consent. 13.Lo�n Clwrges.If the loan securod by t6is Security Instrument is subjxt to a law which sets maximum loan charges. 3nd that Iaw is finally interpceted so that the interest or other loan charges collxted or to be wllxted in connection wlth the • loan excood the permitced limits.then:(a)nny such loan charge shall be reduced by the amount necessary to reduce the charEe to the permitted Ilmit; and(b)any:+ums already collxted from Borrower which exce�ial permittod limits will be refundal to Borrower. Lender may choose to make this refund by reducing the princip�l owal under the Nou or by making a direct payment to Borrowcr. If � refund reduces princtpal, the raducGon will be treated as a partial prepaymcut without any prepaymerrt charge under the Note. 14.Notkes.My notice to$orrower provided for in this Security Insttutnent sha11 be given by deliv�ring it or by mailing it by first class mail unless applicable law requires use of another mediod. The noCice shall be directed to the Propeny Address or any other uddnss Borrawer designates by notia to Lender. Any notice to Lender shall be given by first class nwil to Lender's s►ddmss stated herein or any other address Lender designates by notice to Borrower. Any notice providod for in thls Secudty Insuument shsill be deemed to have been given to Bormwer or Lender when given us pmvided in this paragraph. 15.Governing Iatw; Severability. This SecuritSr Instcument shall be govemed by federal Iaw and the Iaw of the jurisdiction in whicl�the Property is located.In the event that any provision or clause of this Security fnstcument or the Note conflicts with applicable law,such conflict sh�ll not affect other provfsions of this Securiry Instrumeni or the Note whIch can bt given effect without tt�e conflicting proviston.To this end the provisions of this Security Instrument and the Note are declated to be severablc. 16.Borrower's Copy.Bonower shall be gtven one conformed copy of the Note and of this Sacurity Instrument. fwm 3028 9180 Pep��of E - - �► �� ----�.�--nmxiner�a��uui�.�r�mi�.—_-----.-------_ _. ��{�-r��"�� ——� —�----_ =