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<br /> , F�. at tho option of I.ender, it mortgaga iasurance coverage (in the am�unt ead tor the period that Lender requires) �;
<br /> pravtded by an insurer appraved by I.ender again becomea available and is obtained.Bonoaer shall pay the premiume �T
<br />' . ��=��. required to maintr+in mortgage iesumn��in etfect,or to provide e los9 reserve, until the requirement for mortgege -_:-
<br /> inaurance ends ln accordance�vith any written ageement b�tween Borrower end I.eader or applicable law.
<br /> ��>� 9.Inepection.l.ender or its egeat may muke reasonable entriea upoA and iaspectiona of the Property.I.ender shall �,�:
<br /> � F give Dorrower notica at the time oP or prior to en inepection specifying reasonable cause ior the inspection.
<br /> ' '�� 10.Condemnation.Thc procecd.g oi any award or claim far damages,direct or cansequential,�n connection wlth ---
<br /> � any condomnation or other tekeng ot any part of the Pmperty,or for convoyanca in lieu of condemnation,are hereby �'"
<br /> � p� assigaed and ehall be paid to I.ender. =
<br />� In the event of a total taking at the Property.the proceeds shall be applied to the sums secured by this Security -_
<br /> ='=���• Instrument,whether or not then due,Nith aAy excess paid to Bortawer.In the event of a partial taking of the Property in -
<br />-�."=�
<br /> which the feir market value of the Property immediatelp before the teking is equal to or gceater thaa the amount o f t he
<br />-�....�_--�,. " suma secured bq thta 3ecurity Instrument immediately before the takiag,unless$orrocver and Lender otherwisa agree
<br /> u . �� ip,writing,the sums secured by this Securitq Instrument shall be reduced by the amouat of the proceeds multiplied by
<br /> ,. the followiag fraMion:(e)tha total emouat of the sums secured immediately before tize takiag,dtvided by (b)the iair �
<br /> .. '*-:�v�-' market value of the Property immediauly before the taking.Any balance shall be paid to Bortower.In the event of a
<br /> � 'l��'" ol teking of the Pro in wtuch tha isir market value of the Pro �mmsdiatel beforo the takiag is less than
<br /> ..,. `. ;_�;• ,: P� PaKY� P�9� Y
<br />.;,:}.;;:,; the amouat of the sums secured immediatsly before the taking,unless Hortower and Lender othernise agree in writing
<br /> � , : or ualess applicabta law otherwise provides� the proceeds ehall be applied w the suma secured bp ttus Securlty
<br /> " ` � `'�� Iastrumaat whether or aot the aums ere then due.
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<br />,;._;,;t�;s.�, . If the Praperty is abandoned bp Bortower,or ii.after notice by Lender to Bonower that the condemnor ofiers to
<br />"`°`��:='' . make an award or settle a claira fa damages, Aorrovrer faits to respand to L.eader�ithia 30 daye after the date the .
<br />'-"�=F-"`!� ` notice ia given,I.ender is authorized w collect and apply the proceeda,at ita option,either to rzstoration or repair of the
<br /> Y��'{"'''� Property or to the sums secured by this Secwitq Instrument,whether or not thea due.
<br /> � Unless I.ender aad Borrower otherwise agrea ia writing,aay applicauon of proceeds to principsl shall not axtend or
<br />�-=t;�:r�!�; poatpone the due date oi tha monthly payments referred to ia paragraphs I ead 2 or change the amouat of auch —
<br /> ' ..c;;.'�l, paymenL9.
<br /> -�L..,,,,,,�;':; 1 t; �orrower Not Released;Forbearance By Lemder Not a Waiver. Bxtension og the tima for psiyruen2 ar
<br />_°�:,�,` ;`'�� ` modiiication oi emorti7ation of the aums secw�ed by t�is SECUrIty Instrument granted bp I.ender ta anp successor in
<br />�:�� �� interest of Borrower s,'�all not opetate to release the IiabiPity of the origina! Borro�ver or Borrotves's successors ir►
<br /> �1 interest.Leader shali a�at be requ'uod �to commence proceedings against aay successor ia interest or refose to extend -
<br /> -�;t:;;�;� time for payment or otl�erwise modity amortizstion of the sume secured bq this Security Instrumeat by rcmacon of any -
<br /> -�'�� demand made by the original Borrower or Borrower's successors in interest.Any forbeataace by Lender in exercising
<br /> '- auy rigtu.vr remix�3�ahritt nc,t be a sveivet af r,i p�eciu3�the bserciav of any rtght or r;�a3�,. °
<br /> .�,,, ;'`e"� � 12.Successors aaed Aseigns Bound;JoiaB attd 5evenl I.iability; Co-signore.The covenante and agceements , ._�=
<br /> �'=�='��'' � � `of this Securitq Iastru�nent ehall bind sad beaefit the successors and aesigns of Lender and Borrower,subject to tha a
<br /> -- � �`' ..'pmvisions of paregraph 17.Borrowa's covenants and agreemeats ahalt be joint and several.Any Borrowet who co�signs
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<br /> "��-�� ' ' this Security Instrument but does aot eaecute tha Note: (a� ie co-signing thie Sxurity Instcument onlp to mortgage. -
<br /> _-_.,:;>::���,;� Srant and'c�s�vey that Bortower's interest in the Property under the tortns of thia Securitq Instrumeat: (6) is npt ,
<br /> _-�v;;m personally�obligated ta•pay ihe sums secured by this Sectisity_lnstrument;and(c) sgtees that Leader aad an,y other _
<br /> _---- - Borrower may agres to�xtead,modi[q�,torbear or make any accommodxtione wlth tegard to the terms of this Security -
<br /> -�:� Insttument or tha Note wi4hout that Borrower's.cotuent. ' .' �
<br /> 13. Loan Chu$'es:If th�loan secured bq this Securltq Instrumeat is sub}xt to a faw which sets maximum loaa
<br />---___-2���� chargea, and t�at law ie finally intterpreted so that the inter�t or other loaa charges collected or to be colleated in
<br /> -.--.::::�,,;fe>"
<br /> __-- c o a n e c ti o n w i t h t he loan exceed#9ae p e r m itted limits,then: (a) an y such loaa char g e�f sa1.1 be reduxd by the amouat
<br /> f� neixssary to reduca the charge to the permi,tted limit; aad (b) any sums already colleated fmm Borrower whieh
<br /> exceeded permit4ed limits will be nfunded ta�Brnrower. Lender may choose to malce thia refuad by reducins the
<br /> pri.nclpal owed uader the Nota or by rnaking a d3rect payment to Borrower.II a refund reduce�s princIpai,the rednction
<br /> ---°����°� wi11 be treated ea a partial prepayment withaut anq prepaqment Chsrge under the Note.
<br /> ____L-��%7?� 14.N!otices.Any notica to Borrower provided for in thia Security Instevment shal�be given by delivering it or by
<br />--�`"'�� mailing it bq first claes mail unlesaapplicable law requires use of aaother method.The nbtica e1iP11 bs directod to the -
<br /> - Property Addres�or aqy other addrers Borrower desigaates by notice to Lander.Anq not�ce w Lender ehell be given by
<br /> -- -- fitst clsss mail to Leader's address stated herein or anq other address Lender designates by notice to Borrower.Any -
<br /> ,.-,,;� notice provided for in this Security Instrumeat shatl be deemed to have beea givea to�oirawer or Leader whea given - -
<br /> _•:A� ea Provided in this P�B�Ph•
<br /> —= 1S. Governing Lsw;Severab�lity.Thie Security Instrumeat shall be goveraed by Yederal law and the law of the
<br /> � � jurisdictioa ia wlrich tha Property is located.In,.ttie event that aay provisioa or clau5e of tdis Secudty Instrument or the
<br /> — Note coaflicts with applicable Isw,such conflict ehail not affect other proviaions�o4 this`S�curity Instroaneat or the Nots
<br /> ------- which can be given effect without tha conflicting proviaion.To this end the.provisio�a.ti af thie Security Instrumeat and
<br /> _ ��� the Note are declared to be severable. , ,
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