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i � . � ( ► 90.riao24� It Lender roquirod mortgage insurance as n condition ot maki�g the �oan secured by this Security Inslrument, 8arrower shAll pay the premium9 requ�red to maintain the insurance in otteCt until such lirne as the requirement for Ihe ineuranCe tarminates in accordance w�lh Borrpwer's and Lender's wrilte�agreement or applicable law. ' �. lntp�ctlon. Lender or�ts agen!may make reasonab!e entnos upon and inspections o!!he Properly.l.ender shall give Bortowor not�ce al the tima of or prio►to an lnspection specifying reasonabte cause for the inspection. � �• �ond�mnaftpn. The proceeds ot any award or c►aim t�r�iama��e,dir�?Cf or con��qucntiat,in connaciian with �, ' any condemnaUon o�other laking ot any part ot the Property,or for conveyance in lieu oi condemnation,are hereby assigned and sha110e paid lo Lender. � In the event of a total taking o}the P�operty,the proceeds shall be applied to the sums secured by this Secu�ity , Inst�umenl,whether or not then due,with any excess paid to 8o�rowor. In the event ot a partial taking ot the Property. unless Borrower and Lende�otherwise agree in w�iti�g,the sums secured by this Security Instrument shall be reduced by � the amount ot the proceeds multiplied by the followi�g iraction: �a)the tolal amount of the sums secured immediately befo�e the taking,divided by(b)the fair market value ot the Property immediately before the taking.Any balance shall be paid to 8orrower. If the Property is abandoned by Borrower,or it,after notice by Lender to Borrower that the condemnor offe�s to make an award or settle a claim for damages,8orrower fails to respond to Lender within 30 days aiter the date the nolica is given,Lender is authorized to collect and apply the proceeds,at its opt�on,eitherto restoratio�or repair of the Prpperty or to the sums sacured by this Security Instrument,whether or not then due. y Unless Lenderand Bor�ower otherwiseagree in wnting,any application o1 proceeds to principal shall not extend or � postpone the due date of the monthly payments referred to in pa�agraphs!and 2 or change the amount of such payments. ; 10. Bor�ow�r Not R�Nas�d; Forb�aanc� By L�eder No! a Watv�r. Extension of the time for payment or , modification ot amortlzation of the sums secu►ed by this Secu►ity Instrument g�anted by Lender to any successo►in • interest of Borrower shall not operate to�elease the liability of the original Borrower or Borrower's successors in inte�est. ' Lender shall not be requlred to commence proceedings against any successor in interest or reiuse to extend time for payment br otherwlse modify amortization of the sums secured by this Security Instrument by reascn of any demand made by the original 8orrower or Borrower's successors in interesi.Any fo►bearance by Lender in exercising any right or remedy shall not be a waiver of o�preclude the exerclse o1 any right or remedy. � 11. Sucessorsand Asslg�s Bound;Joint and Seve►al LiabiUty;Co-signen. The covenants and agreements af this . ' Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions 01 paragraph 17. Borrower's covenants and agreements shal! be �oint and severaL Any Borrower who co-signs;his � Security Instrument but does not execute the Note:(a)is co-signing this Secunty Instrument only to mortgage,grantand � ; convey that Borrower's interest in the Property under the terms of this Security tnstrument:(b)is not personally obligated � " i to pay the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to ; t� . ; extend, modify,forbear or make any accommodations with regard to the terms oi this Security Instrument or ihe Note r