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payments may no longer be required, at the option of Lender, if mortgage insurance coverage(in the amount and for the period
<br /> that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained. Borrower =hail pay
<br /> the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve, until the requirement for ;noYtga€;e
<br /> insurance ends in accordance with any written agreement between Borrower and Lender or applicable law.
<br /> 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender snal l give
<br /> Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. �
<br /> 10. Condemnation. The proceeds of any awazd or claim for damages, direct or consequential, in connection with ar_y �
<br /> condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assi:;n�a a.�
<br /> sha11 be paid to Lender. �,;,,
<br /> In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security I �:.tru:r,��;3., n
<br /> whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in wl-ich tl-.e fa r �
<br /> mazket value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this �
<br /> Security Instrument immediately before the taking, unless Borrower and Lender otherwise agree in writing, the sums secured by �'i'
<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a} the to�ca.l "'�
<br /> amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property _rr:r�ec:iat:'.y
<br /> before the taking. Any balance sha11 be paid to Borrower. In the event of a partial taking of the Property in wl-Sct�. tt•.e f.�ir
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediatelv :;::f�,e �.'�e
<br /> taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proce::ds sha'1
<br /> be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to m;�ke �n
<br /> award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notic� is biver,,
<br /> Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to :1:; sun�s
<br /> secured by this Security Instrument, whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall nc t �:.e-� � r
<br /> postpone the due date of the monthly payments refened to in pazagraphs 1 and 2 or change the amount of such paym°r,!.;.
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or rnac.ifieati;;n
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Bo�r;,we: sna'.!
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender sha11 not be :�c;ui e:3 t.:�
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify �i�:c:�i:��i;:l
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or �orro�vei's
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy sha11 not be a waiver of or p_�::�_:u:.e t.�.�
<br /> exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreem�n:� cf th�s
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the prov�s:c,n, c,f�
<br /> paragraph 17. Borrower's covenants and agreements sha11 be joint and several. Any Borrower who co-signs th:� �e:urit;
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and c-;� �e� �.h:��
<br /> Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pa� .he suir�s
<br /> secured by this Security Instrument; and(c) agrees that Lender and any other Borrower may agree to extend, modiFy, :' r';�:; c :•
<br /> make any accommodations with regazd to the terms of this Security Instrument or the Note without that Borrower's co.�:en�.
<br /> 13. Loan Charges. If the loan secured by this Securiry Instrument is subject to a law which sets ma�cimum loa:� cn�rbes,
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connecti�.; �,�;,�, t";:�;
<br /> loan exceed the permitted limits, then: (a) any such loan chazge sha11 be reduced by the amount necessary to reduc� �}.� c'r:wrc�
<br /> to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be :;:f_::::eu t:,
<br /> Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by makir� �_ :�i:e�:t
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment �,r�t: :,.. :�,:;-
<br /> prepayment chazge under the Note.
<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument sha11 be given by delivering it ar ',� n:ai_i:;;
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Prop�r:.�� ,{udre�s
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender sha11 be given by first c:a�� :�.�i: :,�
<br /> Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice providec: ��: ..; .h;s
<br /> Security Instrument sha11 be deemed to have been given to Borrower or Lender when given as provided in this parag�.b ;�..
<br /> 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the I.� , .�f:} �
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument o: .he Nete
<br /> conflicts with applicable law, such conflict shall not affect other provisions ofthis Security Instrument or the Note v.l�:ci� ;:a;_ ��
<br /> given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note :�;,� d�:;��r,.�
<br /> to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrumer..
<br /> Form 9�;�' !�?�J
<br /> �-s�N9�9212).04 Page 9 of 6 lrtr;ra
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