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��i�"`;��.��:°,�'�ri�'?E:."1��ss.�-. ;t�`sar�. �:�...� `��- - paymenis may r.o longer be requiraci, at the option of Lender, if moRgage insurasx�coverage(in the amount an�±\for the period ` - ihat Lender requires) provided by an insarer approved by Lcmler again becomes available and is obtained. Barro�cr shall pay : the premiums rcquired to maint�in morigage insurance in effcct,or to provide a loss res�rve,untit the requirement fc�r'mortga.ge insurance e�ds in accordance with any written agreement b�tween Fk�rrower ant9 I.ender or applicable law. 9. Lupertion. Ixnder or its age�t may mxke reasonahle entries upan F,nd insp�tians af the Property. I.ender sh211 give Borro�ver notice at the time of or prior to an inspectioa specifying r,�sonab]e cause for the inspection. 1�. Cnnde�nation. The proceeds of a.�y award or claim for,damages, direcc or consequential, in rnnnec2ion with any condemnation or other taking of arsy part of ti�e P:�operty, or for rnnvf;yance ir lieu of condemnation, are hereby assigned and shall L�e paid to Lender. 1n Zhc event of a total taking of the Property,the proccecls shall be applied to the sums�ecured by this S�.curity Instrum�nt, whether or not then due, with any excess paid to Borrower. In the ev�nt of a partial taking of ehe Pmperty in which Gtie fair marl:et vaiue of the Property icnmeciiately befo:e the takinc is equal to or greater than the amoant of the su►ns secured by rhis Szcurity Instrument imrnediately before the taking,unIess Bormwer and Le►3der otherwise agree in writing, the sums secured by —9 this Secnrity Instrvrnerrt shall be reduced by the amount of the proceeds m:�itiplied by the fall�wing fract;on: (a} the total '� amount nF the sums secured immediately before the taicing, divided by (b) the fair market value of the Property immediately }.� before the taking. flny balance shalt be pairl to Fiorrower. In the event of a partial t�tking o£ the Property in which the fair � mar}:et value of the Pmperty immcdiately before the taksng is less than the amo�►nt of the sums securcd immediately before the O taking, unless Borrower and Lend�r othe-w�se agt�e in writing or unless applicable!aw otherwise provides, the procecc3s sha11 U� � tae:appliad to thz sums secured by this Security?nstrument whether or not the sums are then due. � 1f the Propeny is aband4ned b}•Borrow�er, or if, �Rer notice by Ixnder to Borrower that the condemnor offers to mal;e an '� award or settle a c)aim for damages, Borro�ver fails tQ re,epond to Lerrcier within 30 days �fter the data the notice is given, L.ender is authorized to collect and a�ply the proceeds,at its option, either t�restoration or repair of the Property or to the sums secured by:!:is Security Instrument, whether or not then due. Unless Lcr�u�r and Borrower fltherwise agrcc in writing, any application of pro:;�;; to ptincipa� shall not extend or �ostpone the due date of the n�onthly payments referred ro in paragraphs ! ancj 2 0;change;he amount of such payments. 11. tiorro��er Nat Released; Forbearanre�y L,ender Not a P�aiver. Extension of the time for payment or modification : of arnorti�ztion of the sums secereci by this Security Instniment grznted by I.ender to any successor in interest of Eorrower shall not operate to release the liabil'sty of ti�e original Borrower or Borrower's surcessors in interest. Lender shail not be require�to commence procsedings against any sticcessor in i�terest or refuse to extend time for payment o:otherwise modify amortization of the sums secured by this 5ecurity Inswment by rcason of any der,iand made by the original Borrower or Borrower's successors in interest. Any forbearance by L.ender in exercising an;� right ar remedy shall not be a w4�ver of or preclade the exerci�of any rignt or remeriy. : 12. Sucec:ssors and Assigns $aund; JoEnt and Severa� Liabif�� asigners. The covenants and agreements of this Security Ir.strUment shal! bind and henefit the successors and assigns of Lender and Borrower, subject to the provisions of pa�agraph 1"l. Borcower's �covenants and agreements shall be joint and severaL Any Bor,ower who co-signs this Security Instrument but does not execute the No:e: (a) is co-signing this Sec:urity Instrument only to mortgage, graot and convey that 6orrower's interest in the Property under the terms of this Security Instrument; (b) is not persnnaliy obligated to pay the sums secured by this Security Instrument; and(c)agrees that Lender and any other Borrower may agree to extend, modify, forbear or make an}•accommadatians with regard to the terms of this Serurity Instrument or;he Note without that Bonower's consent. ' 13. Loan Cha�es, if the loan secured by this Security Instrument is subjcct to a law K�hieh sets maximur,a loan charges, and that law� is (inally interpreted so that the interest or ocher loan charges col(ected or to be collected in connection with the (oan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reciuce the charge ro the permitted limit; and (b) sny sums already colleete� from Borrower which exceeded pern�itted limits will be refundcd to Borrowcr. I.c:nder may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to fiorrowcr. [f a refund reciuces yrincipal, the reduction will be ueated as a partiat prepaymeni without any ' prepayment charge under the Note. 14. Ne�tices. Any notice to Borrr;�aer provided for in tttis �xurity lnstrument shsfl be given by delivering it or by mailing it by first class mai[unle�s applicabie law requires use of another method. The notice shali be directed to the Property Address ' or any other address $orrower designases by no;ice to Lende;. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provid�� for in this ' Security Instrument shall be deemed to have been given to Bomower or L,ender when given as pr4vided in this parag;aph. 15. Governing Law; Seve%biiity. This Security Instn►men. shall bc governed by federal law and tfe �aw of the jurisdiction in which the Property is !ocat�ci. In the eveni that any provision or dause of this Security Instrument or the Note cont7icts with applicable law, such conflict shall not affect other provisions of this Security Instrutnent or the 1Vvte which ean be �iven effect without the conflic!ing provision. To this end ihe provisions of this Security Instrument and the Note are declated to be severable. , 16.Borrower's Copy. Be**ower shall be given one conY'ormed capy of the Note and of this Securiiy Instrument. � Fom,aoaa s�so # . Pagp 4 4:8