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<br /> g� � " . �. . � , paymems may no longer be reqnired:at the option of Lender,if mortgage insurance coverage tin the uun o he p�riod � � '.
<br /> - ' that Lender requires)provided by an insurer approved by�.ender again becomes available and,is obtained. Borrower shall pay ��` ` _
<br /> ' _• -� -'--- � tfie py�emiu�ts required ta maintain mortgage insurance in effect,nr to provide a toss reserve.until the require�teat for mortgage
<br /> x„- � ' ` .�. insnrance ends in accordance with any writtem agreement between Borrower and Lender os applicable taw. ` -
<br /> �� . 9.Inspeltion.Leuder or its agent may make reasonabte entries upon and inspections of the Pro�serry. L�endcr shall give , , f
<br /> '' � . ` Bormwer noflce at the ame of or prior to an inspection specifying reasonabte cause for the inspect�on. •
<br /> � . 10.Condemnatlon.The prooeeds of any awand or claim for damages, direct or conseqaenaal, in conriectian wittt anY �
<br /> . i4 •.- r:.. . ...
<br /> � • cond�mnadon or other taldng of any part of the Property,or for conveyance in lieu of condemnation,are hereby assigned and .:t ; :2, .
<br />_� . ..��t` .`:•. shall 6e paid to Ixnder. �, � �� '� • :
<br /> . • °:�.' � . . In the event of a wtal taking of We Froperty,the proceeds sha11 be apptied to the svms secured by this Seturity Inscrument, �r���'�"'� '`
<br />�T � �' ' �� � whether or nat then due.a�ith any exc�s paid to Borrower. In the eveat of a partia!taking of the Property in�vhtch the fair �;.._,.. _
<br /> ' _. '_ .. .'_.. ... market valae of the Property immediately 6efore the taking is eq�al to or greater ihaa the amowtt of the sums secured by ttus '�•���°'#=.�
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<br /> • . '-. Secdriry Insaument nnmediately before the taldng,utiless Borrc►wer and Lender othenvise agree in writing,the sums set�red by c: •
<br /> ; • ' � this Security Instrument shall be reduced by the amovr�of the proceeds muttiplied by the following fraction: (a)the total =� ----:
<br /> � , amount of the sums secured immedi�l}� 6efore the taking,divided by(b)the fair market value of Ihe Property immediately ' °`��'�'�'"`
<br /> =. • � before the taldng. Any balance shai� be paid to Borrower. In the event of a partiai taking of the Pmperiy in which the faIr �
<br /> � � warket value of the Property immediazely before the taking is less than the amount of the sums secured itn�nediately before the a:=----- —
<br /> .. � :..• . � -
<br /> � ' ' � � �` ..__.taldng._unle.ss.�arco�ve[and._L._ender othenvise_agree in writin _or unless applicable!aw atherwi�e pruvides,the proceed�_shnii
<br /> -<-• --. _. - - -. . -------.- -
<br /> . � .' � be applied to the sums secured by this 3ecuriry Instniment whether or not the sums are tiien d�ue.-�- �- �`--�----�--�- _-
<br /> - � If the Property is abandoned 6y Borrower,or if,after nouce by Lender to Borrower that the condemnar offecs to make an ___
<br /> � � award or settle a claim for damages. Borrower fu'ls to respond to f.ender within 30 days after the date the notic�is given.
<br /> � '' . Lender is authorized to coUect and apply the proceeds,at its option,either to restoration or repair of the Pcop:rty or to the sums
<br /> � _:� - •� -• :. •. ; - secured by this Secariry Instrument:whether or not then due: - - '
<br /> �. � lJnless Lender and Borrower otherwise agree in writing, any appfication of praceeds ta prineipal shall not extend or �_
<br /> : � . � ., _ _ ' postpane the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. �-�,��„
<br /> :�_--==-
<br /> . . << � , , � 11.Borrowe�Not Retea�sed;Foroearaace 83-Leader Not a Waiver.Extension of the time for payme.nt or modific�tion ��
<br /> .�� � � . � � of amoiCuation of the sums secured by this Security instrument granieii by Lender to any saccessor irt interest of Bprrower shall � ��
<br /> + ' not o erate to release the iiabili of the ori inal Borrower or Borrower's successors in interest. Lender shall ttot bC�equired to ��'�^�'
<br /> s. � �� • commence pmceedings against any successor in interest or refuse to extend time for payment or otherwise modify a.mortization �:�"�
<br /> = • ~ of che sums secured by this Security lnstrument by reason of any demand made by the original Borrower or Borrower s � .,�_ =
<br /> � ' ' successors in interest.Any for6earance by Lender in exercising any right or remedy shall not be a�vaiver of or preclude the . �.}.�
<br /> ° � � eaercise of any right or�emedy. • ;-----
<br /> ' � � 12. Successors aad Assigns Bound;Joint and Several Lia6ility; Co-slgaess. The covenants and agreements of this - �•�_
<br /> • , • � Security Instniment shall bind and benefit the suecessors and assigns of I.ender and Borrower, subject to the pmvisions of '`__ ---
<br />- ' � �� � - ' paragcaph l7. Banowes s covenants and agreementc shall be joint and several. Any Borrower who co-si�ns this Security ,'`
<br /> - • '• Instrument but does not execute the Note: (a) is co-signing this Security instrument only to mortgage.grant and oonvey that .',?.,��
<br /> '"`� • � ' Borrower's interest in the Propercy under the terms of this Security Instrument;(b) is not personally obligated to pay the sums �!�_ • � .
<br /> • � �. . secured by this Securiry Instmment:and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or ��
<br />�. • . , ' make any accommodatians with regard to the terms of this 5ecurity Iastrument or the Note without tha:Borrower's wnsent. �.--'— _
<br /> . ' - 13.l.oun Chatges.U the!oan secured by this Secusiry Instrument is subject to a Iaw which sets maximum loan chatges. '""---_-a
<br /> � " and that!aw is finally interpreted so thai the intereat or other toan charges collected or to be wllected in connection with the
<br /> ,.a.•;.,
<br />'�.z. - .'". . . loan exceed the permitted limits,chen:(a)any such laan charge shall be reduced by the amount necessary to redace the charge ,��`T��,aa�r
<br /> � ' ta�he permitted limir.and(b)any sums alrcady collected from Borrower which exceecled permitted limits will be mfuacled to �Y`'��-•
<br /> .. :_ra ;
<br />--� • .. Borrower. Lender may choose to make this refund by reducin�the principal owed under the Note or by making a dir�xt ���'�;��•`
<br /> • ' � �� payment ta Borrower. if a refund reduces priRCipal. the reduction will be treated as a partial prepayment without any . . �
<br /> prepayment charge under the Note. � • ��4�
<br />�,��. � . ��.
<br /> - !4.Notices. Any notice to Borrow•er provided for in this Security Instrument shall be given by delivering it or by mailing ,
<br />—. ? �� • it by firse class�nail un:ess applicable law requires use of anothes method.The notice shall be directed to the Property Addtess . '" �
<br /> ," ' _ �. or uny other address Sorrower designates by notice to L.ender. Any notice to l.ender shall be given by first class mail to y�
<br />- � � � � • � I.ender's address stated herein or any other address Lender designates by natice to Borrower. Any notice provided for in this � =.y�`��
<br />._. • :j'��� � Security Instrument sha11 be deemed to have been given to Borrower or Lender when given as provided in this paragraph. .
<br />-= � � ' •" IS.(ioverning Law; Severa6ility. This Security Instrument shall be govemed by federal law and the la�v of thc � _
<br /> ° � ' � � ' itiJiction in which the Pro e is located. In the event that any provision or clause�f this Securiry [nstrument pr the Note ; �
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<br /> T..: � , . canilicts with applicable law, such conflict shall not affect other provisions of this Security instrument or the Note which can be : :y=..�
<br />- '. � given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are dcclared ��� .
<br /> _ to hc scvcr�iblc.
<br />—° �4:• � � . � • • , . 16.Borro�ve�'s Copy.Borrower shall be given one conform�ed copy of the Note and of this Security Instrumcnt. ��.�
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