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.. _.,_. . �� . . . _ —� . - • � .. . . .,, .•. .. �. , .. .. .� . ti. . . .. _ ,. „. .. ,. . , ,. . ,. w . . . ��9�--lolo3� payments ma�� no l�nger be r�yuired, at the c:ption of(.end�r, if mongAgc irr�curancc ev��ern�e(in the amounc ui�d-ioi �hc perincl that i,r;ndcr require�) prnvided by ;sn insurr.r approved 6}• Y..enci�r ugain bcca�rni availab1e ar�d is obtaincci. Snrrower shall pay d7e prCmiums rcquircd (o rttaintain mertga�C in:aranrt in cffzct,nr ta providc a lo�s restrve,until chc rcquircmenc tor mnrtgage in;urancc cnr��in aeeord�ancc wit}7 any��ritten Aprecrrxnt txtween Barrawer und Lender�r applieablc law. 9. 9nsxxction. (.cnder or it� :r�e.nt m.•►y makc mu.a�nable entrits u(rern a►x1 inspcctican� nf thc PmpeR�'. I..cncicr shall gi�'t Barro��cr noticc:�t thc tima�pf or prinr t�an insf?r.ctinn��ccifyin�ren.ccmahlc rau�c fnr the inc�cction. lU. Condcmn:�tinn. Thc prcxctdc r�t� any awarct i�r claim fnr dacn,�gcs, direct or rnnscqurntial. in connectian with any condcntn;ttic�n or other takin� of any paft crf�he Property, or Cor convey�ncc in lieu �f rnrxicmn�tian. arc hcrrhy assignecl nnd shall bc paid to Lender. !n the cvcnt of a cotal tahin�nf thc Pmperty, the pr�acccds shull be appliecf ta the s��ns sccured by this Securiry In�trum�nt, whethcr or not thcn cfuc, ��ith any cxcetis paid to Dormwcr. In thc evcnt o(a partial taking of thc Pmprrr ;n ��•hich thc fuir markct valuc of thc Pr��perty immrdiatcly befc�re thc taking is equal to or �.rratcr than the amount of thr su«:� �c•urecl b}• thic Security Instrument immrdiately be(orc the taking, unles5 Burrawer ancf Lerxicr c�thrr��i:�c agrce in writing, lhe tiums sccured by this Securiry Instrumenc shall be teduced b}• thc umount of the procceds multiplicd by the fallnwing fr�ctian: (a) ttie• t��t:�l amount of�he sums securcu immecliately bcfore the taking, divided by (b) the fair marktt value of the Praperty immedia<<t� tcfore the taking. Any balance shall 6e paid tn B�rrowcr. In the erent �C a partial taking of tht Property in which the fair market value of the Property immediately before the taking is less than the amaunt oC the sums secured immediately bcfore the ta�cin�,�unless Borrower and I.et�der othcrwise agree in writing or unlcss appiicable law othervvisc pmvidts, tha procctds shali be applied to the sums secured by this Security Instrument wheth�r or not the sums are then due. If the F'roperty is abandoneri by Borrower, or if, after notice by I..tnder to Barrawcr that the condemnor offers to make an awarci or setUe a claim `nr damages, Borrawer fuils tv respond to L.endcr wichin 30 days sftcr the datc the notice is given. Lender is authorized to collect and apply the proceeds.at its optian,cither to rrstoratinn or repair of the Property or to the sums securcd by this Sesurity Ins!rument, whcthcr or nat thcn due. Unlcss Lender and Borrvwer othenvise agree in writing, any epplicAtian nf proceeds to principal shall not extend or post�mnc the due date of the monthly payments refcrced to in paragrapt�c l and 2 or et�ange the amaunt of such payments. 11. Bormw•er Not Released; Forbestrsance By I,ender Not a��'aiver. Ex�ensian of the timt for paymcnt or madificution of amortization c�f the sums seeured by this;ecurity Instrument branted by Lencier to any successor in interest of Barrower shall not oper�te to releasc the liabiiity of the nriginal Borrower or Bormwer's succcssors in intcrest. Ixndcr shall not be required to cammenec proceedings nFainst any �uccessor in interest or refuse to cxtend time for payment or otherwise modify amartization of the sums secumd by this Security lnslrumtnt by rcason of nny demand made by thc original Borrower nr Barrower's successars in intcrest. Any forbearance by I.ender in exercising uny right or rcmedy shall not be a waivcr of or preclude the exercise of any right or remedy. ' 12. 5ucressors und AsSigns Bound; Joint and Se��eral LiAbility; Co-signers. The covenants and agreements of this Securitv Instrume�t shaL' bind and benefit thc succe.tsors and assigns of l.ender arid Borraw�r, subject to the pravisions of paragraph 17. Borrrnver's covenants and a�reements �hall be ioint und several. Any Borrowtr who casigns this 5ecurity Instrument but does not execute the Note: (a) is co-signin� this Securiry Instru►nent only to mortgage. grant and convey that ' Borrower's irterest in thc Properey under th� terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument: and(c)agrees that L.ender and any nther Borrower may agree to ex:end, modify, farbear or make ar.;a�comniodations with regard ro the terms of this Security Irvitru�ent er the Note withaut that Borrower's eonsent. I3. Loan Charges. If the loan secured b} th�s Security InStrument is subiect to a law which sets maximum lpan charges, ar.:i ."at law is fislall}• interpreted sp that the interest cr other loa� eharg;s �ollected pr to be collected in connection with the loan exceed the permitted limits, thcn: (a) any such loan charge shal! be reduced hy the amount neressary to reduce the charge to the permitted iimit; and (b} any sums already collecicd from Borrower whieh exceeded pern?itted limits will be refunded to Borrower. I.encier may choose to make this reFund t�y reducing the principal owed under the Note or by making a dirert papment to [3orro��cr. lf a refund reduces principal, the reductian �vill be ireated as a partial prepayment without any prep�yment charge under the Note. 14. Nutices. Any nntice to Borrow�er provided for in this Security Instrument shall be given by delivering it ar by mailing it bv first class mail unless applicable law requires use of another rnethod. The not�ce shalt be directed to the Property Address or anv other address Eiorrower designates by notice to l.ender. Any notice to I..ender shall be gi�en by first class mail to Lender's address stated herei�� or any other address [.ender designates by notice tp Borrower. Any notice provided for in this Security Inscnimcnt shall be deemecl to have been given to Borrower or Lender when given as provided in[his paragraph. 15. Governing Ltt�'; Se�'erabitity. This Security Instrument shall be governe� by fecteral law and the law of the jurisdiction in w�hich the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with appiicable la�v, such contlict sha:: r.ot affect other provisinns of this 5ecurity Instrument or the Note which can be given ef(ect without the conflicting provision. To this end the provisions of this Security Inswment and the Note are declared tn be sevcrable. 16. Rorrorti•er's Cnpy. Borrnwer shall be given onc confornxed copy of the Note and of this Security Instrument. Form 3028 9/9U p,ge a or a 1