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r �9- 1no8��1 payments may no!onger bc required, at thc option of Lender, if mor?ga¢e insu!-ance coverage(in the amount and for the neriod that Lender requires)provid�d�y an insurer approved by Lender agair:becomcs available and is obtained. Borrower shall pay the premiums required to rsaintain mortgabe insurance in effect,or to provide a los�reser�e,until ehe requirement for mortgage insurance ends in accordance wi�h any written agreement between Borrower and L.ender or applicable law. 9. Inspection. L.ender or its agent may make m.asonable entries upon and inspections of the Pro�erty. Lender shall give Borrower notice at the time of or prior to an inspecctior.specitying reasonable cause for the inspection. l0. Condemcaation. Tl�e prcceeds of ,any award or ciaim for damages, dL*ect or consequential, in connection with any condemnation or other taking of any pan of the Froperty, or for conveyance in lieu of�ndemnation, aze hereby assigned and shall be paid to L,ender. , in the event of a cota:taking of the Property, the proceeds shall be applied to the sums secured by 2his Securiry Instrumcnt; whether or not then due, with any excess paid to Borrower. In the event of a partial taking of tt�e Propeny in which the fair �arket valuc of the Property immediately before ttxe taking is equal to or greater than the amoun: of the sunu secured by this Security Instrument inunediate3y before tfie taking, uniess Bor�ower a:.d Lender otherwise agree in writing, th�sums recured by this Se�uriry Instrument shall be rcdur:d by the azr.ount of the proceeds rr�ulriptied by the following fraction: (a) the total amount af ehe sums secured immediately before the taking, divided by (b) ihe fair market value of the Praperty immediately hefore the taking. Any balance shall be paid to Borrowet. In the event of a partial tak:ng of the Property in which the fair market.value�f the Property immediately before the eaking is less than the amount of the suxns secured immediatzlv Isefore the taking, unless Borrower and Lende�otherwise agree in wr3ting or unless applicable law othcrwise providea, the proceeds shail be applied te the sums secured by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, afder no:ice by Len�ier to Bonower that the condemnor offers to make an award or setde a claim for damages, Borrower fails to :espand to L,ender wFthin 30 d�ays after the �ate :he notice is given, Lender is authorizeu to collect and apply the proce�ds, at its ogtian. either to restoration or repair uf the Property or to the sums securcd by this Se�urity Instrument,w�ether or not th�n due. Unless Lender and Borrower othetwise agrte in writing, any application of proceeds to principal shall not ex�en� or postpone the d�e da;e of the monthly payments referred to in paragraphs 1 and 2 or�hange the amount of such payments. 11. Borrewe:Not Released; Forbearance By �Leoder Nat a Waiver. Extension of the time #'or payment or modification of amortizatio�of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to refease the liability of the original Borrower or Bonower's successors in interest. Lender si:all not be required to commence proce�dings againat any successor in interest or sefuse ro eztend ticr.�for p3yment or otherw•ise modify amortEzation of the sums secured t��y this Security Instrument hy reason of any demand made by tha original Borrower or Borruwzr'$ successors in interest. Any forbe::rance by Ixn�+er in °zercising any right or remecly shall not t�e a waiver of or preclade the ezercise of any rigl�t or remed�. 12. �LCCessocs mnd As§igra.s Baund, ,doint and Severat Liabillty; Co-�igners. The cavenuits a�d agreements af this Security lnstrument shall bind and benefit :he successots and assigns of L�nder and Barrnwer, subject ro the provisions of paragraph 17. Berrower's covenants and agreements shall be joint and several. Any Borrower who ca-signs this Security Instrumenc but daes no� cxecute the Note: (a) 9s co-signing this Securiry instrument only to mortgage, grant and convey thac Borrower's interest in the Property under the terms af this Sec��rity Instrumenr (b) is not personally obligated to pay thc sutTu sxured by ztais Securiry Instrument; and(c)agrees that Lender and any other Borrower may agree to extend, modify, forbear or snakt any accommc�d�tions with regazd to the terms of this Sec�rity Instruinent or the I3ote without that Borrower's:onsent. 13. Lnan Charges. If the loan secured by this Security Instnunent is subject to a law which sets ma�cimum loan charges, and tha: law is finally interpreted so that ehe interest or other loan charges collECted or to be coliected in connection with the loan excecd the peYmitted limits, then: (a) any suc� lAan charge shall be reduced by the amount necessary to reduce the charge to t2:e permittec� limit; and (b) any sums already c�llected from Borrower whicb ezceeded permitted litnits will be refunded ta Borrower. Lender may choose to make ihis refund by reducing the principai owed undzr the Note or by making a direct payment to Borrower. If a refund reduces principal, che reduction will h�e treated as a putial prepayment without any prepayment charge under the Note. ld.Natices. Any notict to Borrower provided for in this Security Instrument shai!bc given b�delivering it or hy mziling it !�y first class n�ai! anless applicable law requires use af another method. The notice shall bc directcd to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's addross stateci herein or any other addr�s L.e�der designates by notice to Borrower. Any notice provi�ed for in this ;�ecurity Jnstrument shall be deecr�ed to have been given to Borrower or I.ender when given as provided in this paragraph. i5. Governing Law; Severability. This Securi!y Instrument shald be governed by federal law and the la�v of the jurisd�ction in which the Property is located. In the �vent that any provision �r clausc of this Serurity lnstrument er the Note conf�icts wi�h applicabie law, such conflict shall not affec!other provisions of this Secu;ity Instrument or the Note wt�ich �v�be given effect without the confiicting provision. To this end the provisions of this Securiry tnstrument and the Note are declarcd ; to be sevcrable. l6. Borrower's Copy. Sorrower shall be given one conformed copy of the Note and of this Security Instrument. F��m 3029 919d ��BV�NE)t3z�zi.o� Ppe 4 0l 6 y) Idllnb� F�' I�fl,°�'�. yr. �� 1 �