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<br /> _—_��_�_��..,� paymenta muy no langer be required,at the optjon of I,ender.if mortgago insuraace caverage(In the amount and for the perlod
<br /> that l.ender requires)provided by an insurer npproved by Lender again becomea nvaitable and is abisined. 8arrow�r shal[pay
<br /> _ — the pt�en�ium.s mquired to maintain mortgage insurance in effect.or to provide u loss reserve, until the requiremeni for mortguge —
<br /> _.�f:�;`r� insutaace ends in accordance with any written agreement betwc�n Borrower artd I.ender or applicable inw.
<br /> -���� 9. Iaspectton. I.ender or its agent may muke rensflnable entdes upc.n arid inspections of the PrapErty. Lender shnll give
<br /> :_Y,-��,=:�,� Borrower notice ut the Nme of or pdor to an inspection specifying reasonable cause fbr the inspectian.
<br /> '- =`-:----��°'``^� 10. Condemnatinn. The procee�s of any eward or claim for damages. dircxt or consQquential. in connection wlth ur►y
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<br /> _----=-- condemnation or other taking of any part of the Propecty.or for conveyartce in lieu of condemnation.are hereby assigrted end
<br /> '.��'�.�^�'r,'=.�°' shalt be puid to Lender.
<br /> '� '^�°`-'����y� In the event of a total teking of the 1'roperty,the proceeds shall be applied to the sums secund by this Security Insttument,
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<br /> —''��-`� whether or noi then due. with any excess paid w Borrower. In ttse evrent of a partial eakin�of the Property in which the fair �
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<br /> _`: •,. ,;,� � •;,. merket value of the Property immediately before the taking is equal to oc greater than the amount of the sums secured by thie
<br /> � •i`� � Securiry Instrument immedlatety before the takins,unless Borrower a�d Lender otherwise agrea in wdting.the sums secured by `
<br /> �" � '' ' this Securiry Instrument shall b8 reduced by the amount of the procetds multlplled by the fallowing fraction: (a)the wtal
<br /> � .� amount of the sums sesured immedistely befors the taking, divide�by(b)the fair market value of the Property immediately
<br /> before the taking. Any balance shall be paid to Harrower. In the event of a partial taking of the Properey in wb.ict�the fair
<br /> markct value of the Property immediately beforc the taking is less than the amount of the sums secunod imuttodiately befo�Ci�e _
<br /> , taking,unless Barrower and I.ender othenvise agree in writing or unless applicable law athenvise prc�vides,the prc�reads shall =°
<br /> • � be applied to the sums secured by this Security Instrument whether or nat thc sums are then due. _-:=_
<br />:.:,:;°�Y{� � , tf the Praperty is abandoned by Bonower. or if,after notice by Le,nder to Borm�ver that the condemnor offe*s to make an �>
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<br /> ' ; � ��t: . . award or settle a clsim for damages, Borrower fails to respond to L.ender within 30 clays after the date the nutice is glven, __
<br /> �' '`� ''' Lender is authorize�to colle�t and apply the proceeds,at its option,either to rrstoration or repair of the Property or to the sums '
<br /> ?ti�;s;•yt; ,.
<br /> '�`r''��` secured by this Security Instrument,whether or not then due.
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<br /> �"�' Unless Lender and Borrower othetwice agree in vvriting, any appliption of procePds to principal shall not extend or }��:�
<br /> � % postpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of such pnyments.
<br /> � � � �••'' Il.Borrower Not Released;Forbearance By I,cnder Not a Waiver.Extension of the time for payment or maiification �"'-
<br /> .. of amortizution of the sums secured by this Security Instrument granted by I.ender to any successor in interest of Borrower shall
<br /> not operate to release the liability of the ariginal Borrower or Borrower's successors in interest. Lender shall not be required to
<br /> ' commence proceedings against any successor in interest or refuse to exund time for payment or otherwise madify amortization f
<br /> of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's
<br /> succcssars in iniere�t. Any forbesrsnce b� Lere�ler in ex�rcising any righ* �r remedy shall not be a waiver of or preclude the = _
<br /> . •�t� exercise af uny right or remedy. '�
<br /> � •4j�f 12. Successots and Assigns Bound; Joint and Several L[ub�lity; Co-signe:s. The wvenants and agreements of this
<br /> ' Security Instrument shall bind �nd benefit the succe.�u�rs and assigns of Lender and Borrower, subject to the provisions of
<br /> ' „ paragraph 17. Bonower's covenants and Agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> � Insttument but does not exeeute the Note: (a) is co-signing this Seeurity Instrument only to mortgage, gcant and eonvey that
<br /> .`��'' garrower's interest in the Property und�r the tern�s af this Security Instru ment;(b)is not personally obligated to pay the sums
<br /> ' secured by this Securiry Instrument;and(c)agreec that Lender and any attier Bnrrower may agree to extend, modify.forbear or ,
<br /> , make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
<br /> 13. Loan Charges. If the loan secured by this Security Instrument i s subje�:t to u law which sets maximum loan charges.
<br /> ' , and that law is finally interpreted tio that the interest or other loan chargcs collectecf or to be collected in connection with the •
<br /> ' loan excced the permitted limit,,then: (u)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> ' to the permitted limit;and (b)uny sums:+Iready collected from Borrower which exceeded pemtitted limits will be refunded to
<br /> � Borrower. I.ender may chcx�se to make this refund by raiucing the principal owed under the Note or by making a direet
<br /> ' ti;�;�;'.-`�� payrnent to Borrower. !f a refund reduces principal, the reiluction �vill be treated as a partial prepayment without any '
<br /> �"} ,repayment charge under the Note.
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<br /> • . t;:.:�;, 14. 1m4iees.Any notice to Borrower pnrvided for in thiz Security Instrument shull he given by delivering it or by mailing
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<br /> , .. "�`•�K;;:� it by fir�t ria<�mail unless applicable lew reyuires uu e�f nnother method. The notice shall be directed to the Property Address
<br /> �� or any other address BorF�wer dc�ignate� by notice tu I.ender. Any n��tice to i.ender shall tx given by ftrst class mail to
<br /> `�>'..�` I.ender's address stated t�erein or any other addretis Lcndcr dcsignates by noticc to Bonower. Any notice provided for in this ;'•.�
<br /> �'k�°',, Security lnstrument shalf I�e d�emed to have been given to Borrower or LenJer when given as provideci in this paragraph. `" `
<br /> •;,��� 15. Gma�rr�in� Laev; Se�•erabilite+. This Security Instrument shal! be govcmed by federel law and the law of the
<br /> '!'� . jurisdiction in which the Property is locxe�;:l.D�th� event that uny provisian or clause of this Serurity Instrument or the Note
<br /> i;s;;�f mnflicts with applicable lae, such contoect st�a�I not af(ect other provision�of this Securiry Instrument or the Note which can be '
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<br /> '..�. � given effect without the cun:iecting pnwi:ion. To t6ri.eTd the provisians o(thiti Sccurity Intitrument and the Note are declared
<br /> to be severable. {ti`''
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<br /> � 16. Bon'roµ•er's Cop��.Borre,wcr.hait he�i�•rn�,ne«�ntar.r.:d e4,p} of thr Nutr anJ of this Serurin G�:�cn::aienc. '�'^''.�:
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