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<br /> - " paymcnts may no longcn c�rcyuired.at thc option of Lendcr,if mortFagc insur�mcc covcragc(in thc amount and for thc period
<br /> • thut Lender rcquires)provideci by an insurer approveci by Lcndcr ugain becomcs uvailablc and is obtuincd. Borro�vcr shAll pay
<br /> � thc premiums rcquircd to maintain mort�;age in,urancc in ef'fcct, or to provide u loss rescrvc, until thc reyuirement for mortgage
<br /> '' insurancc cnds in acwrduncc with uny written agrcement betwecn Borrowcr and l.cndcr or upplicuble luw.
<br /> � 9. InspccNon. Lcndcr ur its ugent may nu►kc reusimublc entricy upon and inspections of thc Propcny. [.ender +hull give
<br /> Barn�wcr n«ticc ul thc timc i�f'or prior t��.ui in+pectiun spccifying rcusunablc causc for thc inspcction. � �
<br /> ;����"�`' 10. Condemnutl�►n. Thc procecds of'uny uward or claim for dumagcs, dircct or c�nticqucntiul, in conncciion with uny�
<br /> �' rundcmnatiun ur othcr taking uf any piu•t of thc Property. �tt f��r ci�nvcyuncc in licu��f'condemnution. nm hcrcby ustiigncJ und �
<br />_•�:�''� tihull bc paid tu l.�ndcr. N
<br />�.�" In thc cvcne oF�i tutul t;iking uf thc Property.thc pn�rccds shall hc�ipplicd to thc sums sccurod by tlii� Sccurity Instrumcn4 p
<br /> whcthcr ur not thcn duc. with uny cxcc�s paid to B��rrowcr. In thc �vcnt uf.i parti;d taking uf�hc Pro�xrty in which thc fuir �
<br /> ° � murkct vatuc ut' thr Pr��perry immcdiu[cly bcforc �hc tuking is cyual to nr grcatcr than thc amuunt uf the sums secured by this� _
<br /> � Sccurity(nsu•ununt immcdi.ncly hefarc thc tuking,unless Borrowcr und l.cndcr othcrwisc agrcc in writing, thc sums sccured by�
<br /> �� thiti Scrurity Intitrumcnt shall hc rcduccd hy thc umount o(thc procccds multiplicd hy thc foliowing fraction: (u) thc total
<br /> amt�unt i�f thc tiums ,ccured immediatcly befarc thc tuking. diviJed hy (h) thc fuir murket value of thc Prnpcny immeciintely
<br /> • bcti�rc thc taking. Any bularre shall bc paid to Hormwcr. In thc cvcnt of u partial taking of thc Property in which thc fair
<br /> �� , nturkct v,due of the Pmperty immcciiately befare thc tuking is iess than thc umount of the sums secured immediately beforc the
<br /> . taking, unless Bnr�o�ver und Lender otherwise ugree in�vriting or unless applicable luw otherwise provides,the proceeds shall
<br /> be applied to the sums secureci by this Securiry Instrument whether or no[the sums ure then due.
<br /> ? if thc Property is ubandoned by Borrowcr, or if, uftcr noticc by Lcndcr to Borrowcr that the condemnor offers to makc an
<br /> " uwurd or sctdc a claint for dumages, Borrower fnils to respond to I.ender within 30 days after the date thc noticc is given, _
<br />- ' Lender is authori•r.cd to collect and apply the procecds,at its option, either to restoration or repair of the Property or to the sums �
<br /> " secureci by this Security [nstrument, whether or not then due.
<br /> � UnleSS I.cnder nnd Horrowcr othcrwisc agrec in writing, any application of procceds to principal tihall not extend or
<br />_ postpone the due date c�f the monthly payments referred to in parngraphs I and 2 or chunge the amount of sueh payments.
<br /> I 1.Borrower Not Rcleased; Farbearance By Lender Not u Walver. Extension of the time for payrnent or modifcution
<br /> - � , of amorti7ation of thc sums secured by this Sccurity Instrument granted by Lcnder to any successor in interest of Horrower shall
<br /> � ti not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> �'. commence proceedings against any successor in interest or refuse to extend time for payment or otherwise mudify amactization
<br />. � " of thr, sums secured by this Security Instrument by reason ot any tiemand made by [he originai Surrower or Borrowcr'a
<br />' • ; successars in interest. Any forbearance by L.ender in exercising any right or remedy shall not be a wAiver of or preclude the
<br /> ' cxcrcise of uny right or remedy.
<br /> 12. Successors and Assigns Bound; Joint and Several LIublBty; Co-slgners. The covenants and agreements of this
<br />_ Security Instrument shall bind and benetit the successors und assigns af Lender and Rorrower, subject to the provisions of
<br />-" � , paragraph 17. Barrower's covenants and ugreements shall be joint and several. Any Borrower who co-signs this Security
<br /> � Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortguge,grant and convey th�t
<br /> Borrower's interest in the Propcny undcr the tern�s of this Security Instrumenr(b)is not personally obligatrd to pay tlic sttms
<br /> y ' secured by this Security Instrument: and(c)agrees that Lender and any ott�er Borrower may agree to extend,modify, forbear or
<br /> muke any uccommodations with regard to the terms of this Security(nstrument ar the Note witliout that Borrower's consent.
<br />�' ''• 13. I,oan Charges. If the loan secu�rd by this Security Instrument is subject to a law which sets maximum loun charges,
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<br />" and thut law is finally interpreted so that the interest or other loan rharges collected or to be collected in connection with the
<br />- ' • ' , loan excced the permitted limits,then: (a) any such loan charge shall be reduccd by the amount necessary tu reduce the charge
<br /> ='. 'A ' to the permitted limit: and(b) anv sums already collected frrnn Barrower which exceeded permitted limits �vill be refunded to
<br />- � Borrower. Lender may choose tn make this refund by reducing the principal oweci under the Note or by making a direet -
<br />-• ° • payment to Borrower. If a refund reciuces principul, the reduction will be treated ay u partial prepayment without any
<br /> :s,:.• prcpayment charge under the Note.
<br /> � 14.Notices.Any noticc to Borrowcr provided for in this Sccurity Instrumcnt shall bc given by delivering it or by mailing
<br />'c.u. � it by first class mail unless npplicuble luw rcyuires use of another method. The notice shall be directeci to the Property Address
<br />- • � or any othcr address Borrower dcsignutcs by noticc to Lendcr. Any notice to Lendcr shull be given by first class mail to _
<br /> L.cnJer's uddress stated hcrcin ur uny othcr address Lender dcsignutes by noticc to Borrower. Any noticc provided for in this _
<br />:" Sccurity Instrument shall lx dcemcd to havc becn given to Borrowcr or Lender when givcn as provided in this paragraph. _
<br /> 15.Governing I.aw; Sevcrnbility'. This Securiry instrument shall bc govcrnul by fccicrul law and the lsw of thc
<br /> jurisJictiun in which the Property iti located. In the event that xny provision or clause ot this Sewrity Instrument nr the Note �`
<br /> y ronflict.with applirable law, such canflict shxll n:n affect uther provisions of this Securiry Instrument or the Note which can be _
<br /> given effect withuut thr r�mtlicting provision. To this end the provisions e+f this Securiry Instrument and the Note are declared _
<br /> to bc scvcrahlc. -
<br /> 16.I3orrcnr•cr's Copy. Burrowrr�hall hc givcn onc ronfortned ropy of'thc Notc und uf thir� Sccuriry Instrumcnt.
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