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<br /> paymcnGg may no longcr bc requircd,at the opdon of Lender,if mongage insurance covcragc(in t1[�amount end for the period •
<br /> that Lcndcr requues)providcd by an insurer appraved by I.cndcr again becomcs availablc and is obtitincd.Borrowcr shall pay thc �� � .;
<br /> . 's prcmiums required to maintain mortgagc insurancc in effcct, or to pravide a loss rescrve, until the requircment for mortgagc " „
<br /> insurar►ce ends in accordance with any written agreement between Borrower and i..ender or applicable law. ..
<br /> � i� 9.Inspectioa. Lcnder or its agent may makc rcasonable entries upon and inspccpons of the Praperty.Lcnder shaU givc =�_�
<br /> ��� 3� Borrower nodce at the umc of or prlor ro an inspection specifying reasonable causc for the inspcction. _`�°==-=-
<br /> 10.Condemnation. Thc procccds of any award or Glaim for damagcs, d'ucci or conscquendal, in connccdon with any '
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<br /> � condemnadon or other taking of any part of the Property,or for convcyance in llcu of condemnadon,are hereby assigned and '";�'�;r
<br /> I shall bc paid to I.cnder.
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<br /> ;J In the event of a wtal taking of the Property,the proceeds shall be applieA to the sums secured by this Security Instrument, •='�
<br /> ' whethcr or not then duc,with any c:xcess paid to Borrowcr.In the event of a partial taking of thc Property in which the fair market --
<br /> value of the Propeny immediatcly before thc taking is equal w or grcatcr than thc amount of the sums secured by this Securiry
<br /> Instrument immediatcly before thc taking, unlcss Bonowcr and Lcnder othcnvise agrce in writing, the surns secured by this -_ -
<br /> � Scciuity Inswment shell be rcduced by thc amount of thc procecds mulGplic4 by thc following fracuon: (a) the total amount of =
<br /> the sums secured immediately before the taking, divided by (b) the fsur markct value of the Property immediately bcfore the - -'—
<br /> � taking.Any balencc shaU be paid to Borrower.In thc cvcnt of a partial taking of thc Propeny in which the fair market value of thc ,r���-
<br /> '�� Property immeciiately bcfore the taking is Iess thsn the amount of U�e sums securecl immediatcIy before the taking, unleQs ��--
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<br /> " Borrower wid Lendcr othenvlse agree in writing or unless applicable law othenvisc providcs,thc proceeds shall be applicd to tha �`��'�-�'
<br /> � sums secured by this Security Instrument whether ar not the sums are then due. �:rv:��_�,
<br /> If thc Properry is abandoned by Borrowcr,or if,aftcr notice by Lcndcr w Bonower that the condemnor offers to makc an =
<br /> �_•_
<br /> , awazd or seule a claim for damages,Borrower fails to respond ro L.cndcr withui 30 days after the date thc notice is given,Lender
<br /> '� is authorized to coUect and apply Ihe proceeds,at its optinn,either to restoration or repair of the Property or to Ihe sums secured �,.-__
<br /> by this Sccurity Instrument,whether or not thcn due. - ----
<br /> , Unless Lender and Borrowcr othcrwise agree in writing,eny applicadon af proceeds to principal shall not extcnd ar postponc �'
<br />_� ihe due datc:of the monthly payments rcfcrrcd to in pazagraphs 1 and 2 or change thc amount of such paymcnts. -�
<br /> �` 11.Borrower Nat Released;Forbearance By Lender Not a Waiver. Eztension of the time For payment or modi�cation �
<br /> of amordzation of the sums secured by this Security Tnsvument granteci by I.ender to any successor in interest of Borrower shaU �
<br />— _ . . -._ � n�t��ratr_.t0 fCICBSC LhC IlBt}llli�of stse origin�l aosso�;c.OI BOI'lY3L4�T�S SiIC�SSOiS IIi lA�f�.SL I.,Ctttic[�I�ttII nUi�ICtjUIIC<I[O ��—
<br /> �;; commence proceedings against any successor in interest or refuse to extend time fur payment or otherwise modity amortizauon of `
<br /> !n„� the sums secured by this Security Inslrument by reason of any demand made by the original Borrower or Borrower's successors -
<br /> in interest My forbearance by Lender in exercising any right nr remedy shall not be a waiver of or preclude the exercise of any � __
<br /> right or rcmedy. ___
<br /> 12.Successors and Assigns Bound;Jafnt and Several Liability; Co•signers. 'Ihe cuvenants and agrecmcats of this
<br /> - Securiry Insprument shall bind and benefit the successors and assigns of Lendex and Bonower, subject to the provi3ions af �
<br /> paragraph 17. Borrowcr's covcnants and agrccmcnts shall be joint and scvcral. Any Borrower who co-signs this Security d
<br /> �' Instrumcnt but docs not execute thc Note: (a) is co-signing this Sccurity Inswme�it only to mortgagc, grant and convey that f°'
<br /> ��' Borrowcr's intcrest in the Property undcr thc tcrms of this Sccurity Instrumen�;(b)is not personally obligated to pay the sums �
<br /> secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or �'.
<br />' make any accommodadons with regard to the terms of this Securiry Instn�ment or the Note without that Borrawer's consenG F
<br />-. 13.Loan ChorgeA. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, E
<br /> and that law is finally interpreted so that thc interest or other loan charges collected ur to be collected in connecpon with the loan ���
<br />• excccd thc permitted limits,then: (a)any�u�i�ioan charge sh�il be reduccd by�he amoun�nccessary to reduce thc charge to thc ����
<br /> permiucd Wnit;and(b)any sums already collected from Borrawer which exceedui permitted limits will be refunded to Bonower. =-
<br /> Lender may choosc to make this rcfund by reducing the principal owed undcr Ihc Notc or by making a direct paymcnt to =--
<br /> Bonowcr. If a refund reduces principal,the reducdon will bc trcatcd as a artitil rc a F=� -
<br /> p p p yment without any prcpaymcnt chargc
<br /> __ under thc Notc. -_
<br /> - � 14.Notic�. Any nodce to Bonower provided for in this Security Instcument shall be given by delivering it or by mailing it �'
<br /> by first closs mail unlcss applicable law requires usc of another method.The noticc shall bc d'uccted to thc Property Address or
<br /> � any o t her a d d ress Borrower designates by notice to Lender. Any nodce to L,ender shall be givcn by fust class mail to Lender's
<br /> � address stated herein or t�ny other address I.ender designates by notice to Borrowe�. Any notice provided for in this Security —
<br /> Instrument shall bc d°,emed to havc bcen given to Borrowcr or Lender when givcn as providcd in this paragmph. !� --
<br /> I I5.Governing Law;Severability. This Security Instrumcnt shall be govemed by fedcral law and �hc law of thc .~r�`_
<br /> � jurisdicdon in which thc Propcny is [ocated. In thc evcnt that any provision a clausc of this Sccurity Instrumcnt or thc Notc
<br /> � � conflicts with applicablc law, such coMict shall nat affcct othcr provisions of this Sccariry Instrumcnt or thc Notc which can bc . �LL'-'-
<br /> I given effect without the conflicung pr�vision.To this end the provisions of this Security Inswment and the Note are declarecl to �
<br /> be sevcrable.
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