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<br />�n ,. �� paymcnts may no longer be requirecl,at the opQon of L,ender, if mortgage insurancc coverage(in the amount and for the period ��
<br /> that I.�nder requires)provided by an insurcr approved by Lender again becomes availablc and is obtaincd, Rorrower shuil pay
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<br />-•'''0"s•" �'`'� thc promiums requlred to main[aln mortgage insurar►ce in effect, or to proviJe a loss reservc,until the requirement for mortgagc —
<br /> ' •' � insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. _.
<br /> 9. inspection. Lsndcr or its agent may make reasonable enuics upon und inspections ot' thc Propeny. l.cndcr shall givc
<br />_� :� . Borrower notice at the time of or prior to a��inspection specifying re.son�ble cause for the inspection. ^_
<br />�-:-•�'�. ' 10, Condemnatlon. Th�proaeds of any award or claim f'or damages, direct or consequential, in connection with any
<br /> ". `' condcmnation or other takin� of any part of the Property, or for conveyancc in lieu of condemnation, arc hcT•eby assigned and ��.
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<br />��:';"�.';' :t" shall be paid ta Lender.
<br /> •`'' "� In the event of a rotal taking of the Propeny. the proceeds shall be applied ro the sums s�cured by this Security Ins�rument,
<br /> ".��` whether or not then due, with any excess paid tc� Borrowcr. In the event of a partial taking of the Property in wt�ich thc fair —
<br /> tnarket value of the Property immediately before tlic taking is equal to or grcater than the amount of thc sums secutcd hy this
<br /> s _ Securiry Instrument immediately be(ore the taking,unless Borrower and I..cnder ochcrwise agree in writing,the sums secured by
<br />"' this Securiry Instniment shall be r�duced by the ama�nt of the prceeeds multiplied by [he �ollowing fraction: (a) the total _
<br />_ , , . ., amount of the sums secured immediately before thc taking, divided by (b) the fair mazket value of the Propeny immediately
<br /> before tl:e taking. Any balance shall be paid to Eorrowcr. In the event of a partial taking of the ITropetty in which the fair
<br />�:.:•;�'; , market valuc of the Property immedlately before the taking is less than thc amount of the sums secureci itnmediately before the
<br />.� :� , taking, unless Borrowcr and Leader othcrwise agrec in wrtting or unless applicable law othenvise provides, the proceeds shaU
<br />_• � ��' - be applied ro the suma secured by this Security Iiis[runient whether or not the sums are then due.
<br />�'.' � "'���' If the Property is abandoned by Borrowcr, or if, after notice by Lender to Borrower the[the condcmnor offers[o make an
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<br /> t� - .' award or settle a claim for damagcs, Borrawer fails to respond to Lender within 30 days after thc date the notice is given, _
<br />_��•�•?�;:�•,;; Lender is authoriud to collect and apply the proceeds, at its option, eithcr to restoration or repair of the Property or to the sums
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<br />_}�• secured by this Security Instrument,whether or not then due.
<br />_;,,, ,. �,�. Unless Lender and Borrower otherwise agree in wricing, any application of proceeds to principal shall not extend or
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<br /> �rT�;;;.•�;�' post}+one the due date of the monthly payments r�ferred to in paragraphs 1 and 2 or change the amount o suc payments.
<br />�';•x �' Il. Rorrower Not Rele.�s e d;Fo r bearance By L en der N o t a W a i v e r. E x tenston of the time for payment or modification
<br />�1° , of amortization of the sums secured by this Security[nstrument granted by Lender to any successor in intei�est of Borrower shall
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<br /> yr;`-;..��`, not operate t�releue the liability of the original Borrower or Honower's successors in interest. Lender shall not be require [o
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<br />�,;'�,. „ commence proceedings againsc any successor in interest or refuse to extend time for payment or otherwise modify amortization
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<br />�:�•;,:•• of the sums secured by this Security Instrument by reason of any detnend made by the original Aorrower or Aorrower s
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<br /> 3�,. .f. successors`in interLest. Any forbearu�ce by L.ender in exercising any right or remedy shall not be a waiver of or preclude t e
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<br /> • b:��•�.,��:: 12. Successors wnd Asslgns Bound; Joint and Several Liabiltty; Co-signers.The covenants and agreements of tnis
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<br />�:..�`..;"""{`" Security lnstrument shall bind und benefit the successors and assigns of[,ender and Bonower, subject to the provisions o
<br /> �"r'""'�"�`` paragraph 17. Botrower's covenants and agreernents shall be joint and several. Any Borcower who co•signs this Securiry
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<br /> :k�-,�;;t;�;��{dA Instrument but does not execute the Note: (a) is co-si,ning this Security [nstrument only ro mongage, grant and convey t at
<br />"T�^=�"� Borrower's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
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<br />''d"""""` secured b this Securit InstrumenC and(c)agrecs that L.ender and any other Horrower may agree ta eztcnd, modify,forbear or
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<br /> --�� make any accommodations with r�gard to the cerrns of th?s Security Instrument or the Note without that Borrower's consent. _
<br />�� 13. Loan ChArges. [f t6e lozn sceured by this 5ecuriry Instrument is subject to a law which sets maximum loan charges,
<br /> �'�=-`.'�'�^'� and that law is finally interpreted so that the interesc ar other loan chuges coll�cted or to be collxted in cunnection with the
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<br /> _�_:��� loan excad the permitted limits. then: (a)any such loan charge shall be reducul by the amount necessary ro reduce the c azge
<br /> —°��'�'�'°� to the permitted limit; and(b)any sums already collected from Borrower which exczeGed permitted limits will be refunded to
<br /> ��:�,,,F=;::�;� I3orrower. Lender may choou to make this refund by reducing the principal owed under the Note or by making a direct
<br /> _-.-�-s�sr��c;� payment to Borrower. If a refand reduces principal, the reduction will be treated as a partial prepayrnent without any
<br />—_��_��� prepayment chazge under the Note.
<br /> —R�,,.;;�:�� 14.I'dotices.Any notice to Borrower provided for in this Securiry Instrument shall be:given by delivering it ot by mailing
<br />�+�+":�":. ic by first class mail unloss applicable law requires use of another method.The notice shall be directed[o the Property Address
<br />;�;,;.'=a;j+4;^••' or any other address Borrower dcsignates by notice to Lender. Aiiy notice to I.ender shall be given by first class mail to
<br /> ����- � L.ender's address stated herein or u�y other address I.ender designates by notice to Borrower. Any notice provided for in this
<br />''30�''�=�'� 5ecurity Instrument shall be deem�d to have been given to Borrower or L,ender when given as provided in this paragraph.
<br /> ���i�:�:�_''' 15.Governing LAw; Severobtlity. This Security Instrument shall be governed by federal law and the law of thc -
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