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<br />" . � .'�: payments may no langer be required.at the optlon of Lender,if mortgage inyurar►ce coverage(in th�iurtount�d�for"tFie pe�nud `
<br /> '`�' that I.ender requires)provided by an insurer approvcd by l.ender eguin t�ewmcs avoilablc Lnd is abtuined. Banower shull pay _
<br /> , .�s.•s,l� the premiurr�s required ta rnaintain martgage insurancc in effcct,or to pruviJe a loss reserve.until the rcyuirement far mongage r.
<br /> � ' insurnnce ends!n accordance with any writttn agreement betwccn Bonowcr und 1.enJcr or upplicnble law. �
<br /> . . . �
<br /> t 9. Inspection.Lender ar its asont may muke reasonable cntries upon und inxpections of the Property.l.ender shall give �.
<br /> ° �" Borrawer notice at the time of ar prtar to�n inspection specifying reu�onable cause for the inspation. �
<br /> � �g 10. Condemnation. The proceeds of any award or ¢fa3m fur damages. direct ar mnseyuenttal, in connection with any _
<br /> . '- mndemnatian or ather taking of any part af the Praperty. or for cunveyunce itt lieu of cnndemnation,are hereby nsslgned and �`
<br /> • � i shatl be paid to Lender. �``
<br /> •-�'�.:'�� In the event of a total taking of the Property.the proceeds shall be applied to the sums secured by this Securiry Instrument,
<br /> ��-°"� whether ur not then due, with any excess paid to Borrower. In the event of a partlal taking of the Property in which the fair �:
<br /> market value of the Property immediately before the taking is equal ta ar greater than the amount of the sums secured by this `--
<br /> _ Secudty Instrumens imzn�d,iately befoze the taktns,unless Harrower and Lender otherwise agree in writing.the sums secured by �'
<br /> . .�-
<br /> S this Securiry Instrrxment s3aa11. (�e noducod by the amount of the proceeds muttiplied by the fallowing fraction: (a) the total _
<br /> �� amount of the sums secc�.c�e,d i�z�naedaately befom the taking, divided by (b)the fair market value of the Property immediately �
<br /> . ;:„,F, before t�e taki�c�g. Any ba�i�acc sbaJ.l be pa.+d to Borrower. In the event af a partial taking af the Property in which the fair
<br /> ; '�{ marizet val.ue vf the 1Pr.oper.ty carmediately befare the teking is less than the amount of the sums secured immediately before the
<br /> ` %':� taknng,�,vless U'orroe�es and l.en�ei:otherwise agree in writing or unless applicabie law otherwise provides,the proceeds shal!
<br /> ��'��' be appPied to tEie sucvs secured by this Security Insuument whether or not the sums are then due.
<br /> �;,,�:,,.,,�. ;. ,
<br /> ' 1f the Fropern�r is aUandoned by Borrower.or if.after nattce by Lender to Borrower that the condemnor offers to make aa
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<br /> - � �'�' �t r asvuca or settle a claim for dsmages, Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> �.�r!"•�.�:� L�uc�x is authorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the sttms
<br /> ��{. �_ . s�ce�.n�o7 C►y this Secudty Instniment. whether or not then due.
<br /> � ;:;:.`'•:. Unless I.ender and Borrower othenvise agree in writi�g. any application of praceeds [o principal shall not extend or
<br />� . �, ':'�i `. poatpone the due date of the monthly payments referced to in paragraphs 1 and 2 or change the amount of such payments.
<br /> ' � � 'r � � 11.Borrower Not Released;Forbearance By Lender Not a Waiver.�xtension of the time for payment or modifIcation
<br /> � � ���' of amortixation of the sums secured by this Security Instrument granted by L.ender to any successor in interest of Borrower shall
<br />_ . •,.� �� not operate to release the liability af the original Borrower or Borrower's successors in interest.Lender shall not be mquire�to
<br /> commence prooeedings agstinst any successor in interest or refuse to extend time for payment or othenvise modify amortization _
<br /> " ���° of the sums secure�l by this Securiry Insuument by reason of any deraand made by the original Borrower or Borrawer's
<br /> -�� ,�: successors In interest..Aqy forbearance by Lender in exencising any r�ght or remedy shall not be a waiver of or preclude tbe
<br /> �' �' rxPmice.of any right ar t+etnedy. .
<br /> ���i, � ' _
<br /> ,�� 1Z. Suocc�.�urs aud Ass�gnc �3ound;Joiat and�evern! Liability; Co-signers. The c�venants and agrcements of thts
<br />=�r��i:;`''�.' $ecudty Instrument shall bind and benefit the successors and assigns of L.ender and Borrower.subject to the provlsions of
<br />__-;.:r , paragraph 17. Borrowsr's oove�mnts and agreements shall be joint and sevoral. Any Borrower who casigns this Security
<br /> Instniment but does not execute the Note: (a) is co-signing this Security Instrument only to::iortgage, grant and convey that
<br /> .:�'!.'.�+� � " Borrower's interest In the Pcoperty under the tertns of this Securlty Instrument;(b}is not personaily obligated to pay tha sums
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<br />___:-_;•;;�,w�, secu�+ed by this Securlty Insuument;and(c)agrees that I.ender and any athar Bonawer may agree to extend,modi . orbear or
<br /> - u'' make an aocommodattons wtth re ard to the tem�s of this Security Inst�ument or the Note without that Borrower's consent.
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<br /> �;:,�;��,�� 13.Laan Charges. If the loan secured by this Secarity Instn�ment is subjaet to a law wbich sets maximum loan charges.
<br /> ---�3�---� and that law[s finally lnterpreted so that the interest or other loan charges collectod or to be collected in connection with the
<br /> N "`��"�� loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary w reduce the cfiar�e
<br /> �y'�""'� to the pemutted limit; and(b)anY sums already oollected from Borrower which exceeded pemutted limits will be refLnded to
<br /> Eorsa•�er. Lender ma� choose to malce th':s refund hy reducing the principat owed under the.Note or by makinR a direct
<br /> _ _ payment to Borrower. If a refund reduces principal, the reduction wili be tneated as a pa�tial prepayment without any
<br /> ,„____-��� prepayment charge uader the Nota.
<br /> 14.Notioes.Any nottce to Borrower provided for in this Secudty Instwnent shall be given by deltvering it or by ma[ling
<br /> =.:�;-�, it by first class mail unless appli�.'ble]aw reqwres nse of another method.The notice shall be dlrected to the Property Address
<br />'-'�^f�+°?��� or any other address Borrower�G�signatas by notice to I.ender. My nodce to Lender shall be gtven by firet claes mail to
<br /> -=�j���'� Lender's address stated herein or ausy ather address Lender designates by notioe to Borrower.Any nodce provjded for ia this
<br /> _��±°-��� Security Instrument shall be de¢uc�,to have be�n given to Borrower or Lender when given as provtded in this paragraph.
<br /> --"'� i5.Govern�ng Law; Sever�''oility. 'I�i's:Securlty Instrument shaU be govemed by federal law and the law of the
<br /> ,.���,,,� jurisdiction in which the Pra��,'r• ps)ocated• In the event that any pmvision or clause of this Security Inst�ument or the Note
<br /> -�Y����•;r;_� conflicts with applicable law,sueB�oar�lict shall not affeca m:her provlsions of tlus SecudEy Iastrument ot the Note which can be
<br /> -%�c i�' given effect wlthout the oonflicaiu�i,�.ovision.To this end the provisions of this Security Inswment and the Plote are declaract
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<br />":;,;-,j4`:f - x'` ' 16.Borr�ce�a's��.�r�vrer sh�ll b¢given one oonformed o�py mr*ette Note and of tdis Secur[ty Instrument.
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