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, . ..,,; . .. ,.._ :._. "� ��rt�1:. • --- _ _ _� • - - . ' ' 98- �io� p�ymeuu au�y ao lon�er be required, u the apNon of Lender,If mortQ�e ltuur�nce covera�e(in the urwunt�nd for the pedod thu Let�der re�quira)pmvided by�n Ituurer approved by L.eader�Qdn becomes�vdlable uvl i�obt�nod. Borrower�htll paY the premlucn� requirod to maintain mort�a�o iruuruice in effoa,or to provlde�lou raerve,until►ha requlrcment for mon�a�e inrur�uwx mda In aaordu►cc with Rny wdttm��roement betwan Barmwer and Lender ar�ppHc�►ble I�w. 9. la�p�dbsi,Lender or iti�ent tn�y mrke raso�uble enttia upon�nd irupections of the Property. L.ender ahdl;Ive Borrawer notioe u tbe tinx of or pdor to an irupoctlon specifylnA reuon�ble c�we for the irtspection, 10. ConidMqnrtlop, 'fhe procoedi of�ny �wud or clalm tor dam�a, diract ar conrequcntld, in connectlon with uiy condemn�tion or Qthec talcfn�of�ny put of�he Property,or for convey�nce in lieu of candemn�tlon, aro hereby ueignai and �h�li be p�id to Lencier. In the evau ot�totd taklnR ot the Propecty,the proceecii rh�ll be�pplled to the aums accured by this Security Inatrument, whether or not then duG,with any exceu pdd to Bormwer. In the event of�puti�! tAlcln�of tho Property in which the fitr nurket vtlue ot the Propeny lmmodiuely before the alciag i�eqwil to or�reuer thiut the�mount of the iunu iecured by thli Sacudty In�uvment lmmedintely before the uking,unlesa earrower u�d I.ender otherwlu��ne in wdtin�,the wnu�a�tred by tbl� Secudry Imtnima�t �h�ll be reduced by �he ucaunt of�he proceede multiplial by the followin� f�ctlon: (a) the total anaunt of the wa�s Kcured immedi�tely before the t�kinQ. divided by (b) tbe f�lr muket v�lus of the Propercy immodiuely betore t1�e talcia�. My b�l�nce sh�ll be p�ld to Borrowor, In the event of a partid t�kla�of thc Prope�ty in wWch the fair mulcet v�lue otthe Property lmmediatcly beforo the ukins is las than the amount of tbe iums stcured immedlxtety beforo the Wcin�,unleas BomoNer md Lender otherv��i��ra in writin4 or unleu�ppUc�ble law othe�vise provida. the proceodi rhall be�pplied to tbe�ttmt tecured by thl:Security Instrument wheiher or not the cuma u+e that due. lt the Pt+opetty it abu�doaed by Borrower,or if,�Pter notice by L,ender to Borrower th+�t the coademiwr offert to m�ke an •wu�d or settle�cl�im for d�taa�a, Borrower fails to mpoat to l.tnder within 30 daya dter the due the notia is given, LpMer is wthoriud w collect md�pply the proceeds,at it�option,either to restorAtion or repair of the Properry or to the sums secured by this Securiry Lutrument,wbether or nut thea due. UNaa I..ender uid Borrower otherwlse �gca In writing, any applicatlon of proceeds to princip�l sh�11 not eatend or patpone the due date of the moathly p�ym�ats referred to in p�nplu 1 ud 2 or ch�a�a the�mount of tuch paymeuu. 11. Di►�rona- Not Rdea�ed;Forbaur�nce By Lrnda�Not a Waiver.Extension of tbe time for paymeat or tnodlflculop of amoctization of tLe�um�:ecuned by this Secudty Gutrua�ent�raated by Lender to any:ucca�or in interat of Bo�o�rer�hali not operato to rekase the li�biliry of the od�ie�l Horrower or Borrower'�tucceuors in intet�at. L,eader�lull not be requirod to �co4unea¢e pxoaedinp�dnst�ny succe.saor in iaterat or rofuu to extend time for payment or alxrwite modit��mortiration uf the iums socured by this Secudry Instrument by reaan of aay derru�nd muck by the odgin�l Borrowu or Borrower'a sua�eswn ln•.inut+est,Any focbear�nce by i.endu in exareiaing any right or reme�y ahAli not be t waiver of or praclude the exaciu of my ri�ht a naiody. � IZ. �iuoc�oiy�A.�sips Bonnd; Joiat aad Serer�l I.i�Wlitr; Co-elgnere. 'fhe coveanu aad agraameata of this Sncurity Instru�nmt dull bind and beaefit the succe�+ora�nd usigns of I.eridpx,and:Borrower, :ubjeex to.tbe provisians of � 1iu��ph 17.,BorroMer'a ooveaana and �rameau ahall be joiat �nc1 several. iUiy Horro�ver who co-�iQns thi� Sea�ity Inmumaot but dxs not execute the Note: (�) is co-sienin� t}�it Secitriry Inauument only w mort�ye. �rant aud opnvry Wat . BoROwes'i iaterat in the Propaty under the tcrms of thii Securiry Itutnuneat;(b)is not penonally obli��ed to pry tbe amu tavied by this Securiry Inqru�ent�wd(c)�Bra+th�t I.,ender md my other Bormiver maY+iFee to extead� modify,foibar or rz�Jce my�000mmod�dona with re�ud to tl�e teraas of this Secwity Inst:umeat or the Note witbout that Borrowtr'�ooa�arc. 13. I,ow G1�r�a. !f tbe loan�acured by tWs Security Inurtunont u wbject w t law rvhkh�eu muimum lan duRes. aad W�t lnv is finally iatapreted w tlut tLe int�+at or abGr loan chax�et oollected or W be collected in oonaectla�wMh tbe lan ea�oeed tbe permiaed limiu�that: (a)aay wch low ch�rge shall be roduoed by tbe�mouat neoaary w reduoe tbe ett�tfe to the permittod limit;�od.(b?my wmi already ooilaxed trom�Bocmwer which exceetfed permittod limiq rvill be rafiuided to Honow�ar. Leada mry ehoote to malce this nfund by reducing the ptincipal owod under tbe Note or by mal�lu� a direct Prymeat to Horrcwa, If a nfund reduc�s principal, the reduction will be treated u a parti�l p�+epayn�rnt without �ny Pre�ymeat char{e uoder the Nae. , • 14. Notic�Any aoti�x to Bortower provided for in this Security Lutrumait�hall be given by delivaiag it or by m�iliog it by fi�st dw m�il imlea�applicable l�w requica use of�nother method.The aotia ihall be directed to the Arctpaty Addras �oi my other �ddtes�Borrower dai�nates by notia to I.encla. Any naia to Lendu �huU be �ivea by ftst•clw m�il to I.eader'� addres��tated herein or any other�ddress Lender daiec�uas by notia Yo Bocrowu.A�y notia pmvided for W Wis Seadty Iau�umeat shdl be deemed to htve bxn given ta Borrmver or Leader w6en�ivea u pcovided In thit p�runp6. , iS. Cor�ri� l�w; Se�aablUty. This Securiry Inttnuna�t shill be �ovcmed by feder�l Iaw md the law ot.fpe jucudictioa ln whicb t6e Property is icuated, In the evrnt that my proviHOn or cl�uu of thl�Security Insuuatpnt or tbe Note comtlicb with applicabk law. such conflict s6t11 not affxt aher provi�lona of t�if Secutiry In�rurnenc or the Note vvhlch can be �ivea effax�vidaut t6e confliainQ peoviaion. To thia end the provisiona of thia 5ec�riry In:tiu�ent md the Note u+e declued to be sevenble. , l6.�wn+aw�r's Copr.Borrower shall be givrn one confarmod copy of the Note uM of this Socurity Insaument. � . � 'Fam�02 !!O � �•sltfMEl�as��i.o� �.o.�a a _ _