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� 200000932 payments may no longer be required, at the option of Lender, if mortgage insurance coverage(in the amount and for the period that Lender requires)provided by an insurer approved by Lender again becomes available and is obtained. Borrower shall pay : the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve, until the requirement for mortgage : insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. : 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give : Bonower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. : 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any : condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. : In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Bonower. In the event of a partial taking of the Property in which the fair : market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this : Security Instrument immediately before the taking, unless Borrower and Lender otherwise agree in writing, the sums secured by : this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately : before the taking. Any balance sha11 be paid to Borrower. In the event of a partial taking of the Property in which the fair : market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the : taking, unless Borrower and Lender othervvise agree in writing or unless applicable law otherwise provides, the proceeds shall : be applied to the sums secured by this Security Instrument whether or not the sums are then due. : If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an awazd or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, : Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. : Unless Lender and Bonower otherwise agree in writing, any application of proceeds to principal shall not extend or : postpone the due date of the monthly payments referred to in pazagraphs 1 and 2 or change the amount of such payments. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payrnent or modification : of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to : commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization : of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. : 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of : paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security : Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums : secured by this Security Instrument; and(c) agrees that Lender and any other Bonower may agree to extend, modify, forbear ar : make any accommodations with regard to the terms of this Security Instrument or the Note without that Bonower's consent. : 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, : and that law is finally interpreted so that the interest or other loan chazges collected or to be collected in connection with the : loan exceed the permitted limits, then: (a) any such loan chazge sha11 be reduced by the amount necessary to reduce the charge to the pernutted limit; and (b) any sums already collected from Bonower which exceeded pernutted limits will be refunded to : Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct : payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 14. Notices. Any notice to Bonower provided for in this Security Instrument sha11 be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Bonower designates by notice to Lender. Any notice to Lender sha11 be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. 15. Goveming Law; Severability. This Security Instrument sha11 be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrwnent and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. Form 302 91 �•BR�NE) 192121.04 Pape 4 ot 8 .. itials: _ � ' I_ i_