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2002 , m 103 200205680 payments may no longer he requited, at the option of Lender mor , if tgage nsuf nce coverage (in the amount and 1'or the period that I ender requires) provided by an insurer approved by Lender again becomes available and is obtainea_ Borrower shall pay the premiums required to maintain mortgage inglurace in effect, or to provide a lose reserve, until the requirement for mortgage insurance ends in accordance with any written agleenhent between Borrower and Lender or applicable law. 9. Inspection. Lender or its agrnt may make reasonable entries upon and inspections, of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cams,, for the inspection. 10. Condemnation. The proceeds of any award or claim Cor damages, direct or consequential, in connection with any condemnation or other taking of airy part of the Property, or for conveyance in lieu of condemnation, arc hereby assigned and shall be paid to Lender. In the event of a total taking oC the Property_ the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property immediately before the Inking is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the taking. unless Borrower and Lender otherwise agree in twilling, the Sums secured by this Security Instrument shall he rebwd by the amount of the proceeds multiplied by the following fraction: (a) the total amoral of the sums secured immediately hefine the taking, divided by (b) the fair market value of the Property immediately heforc the taking. Any balance shall be paid to Borrower_ In the event of a partial taking of the Property in which the fair market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Properly is abandoned by Borrower, or if after notice by Lender to Borrower that the condemnor offers to make an award of settle a claim for damages. Borrower fails to respond to 1 ender within 30 days after the date the notice is given, Lender is authorized to collcvl trod apply the proceeds, at its option, either to restoration or repair of the Property or to the .sums secured by this Security instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date offing monthly payments referred to in paragraphs I and 2 or change the anhount of such payments. 11. Borrower Not Released; Forbearance By Lender Not a Wainer. Extension of Flo time for payment or moditicatinn of amortization of the wars secured by this Security Instrm "tit granted by Lender to any successor to interest of Burrower shall not operate to release the liability of the original Borrower or Borrower's success.', in interest. Lender shall not he required to enmunence proceedings against may successor in interest or refuse to extend lime for payment or otherwise modify amortization of the sums ,coined by this Security Instrument by reason of any demand made by the original Borrower ur Borrower's successors to interest. Any forbearance by I andcr in exercising any right or remedy shall not be a waiver of or preclude the cxecise of any right or remedy. 12. Successors and Assigns Board; Joint and Several Liability; Co- signers. The covmhants and agreements of this Security Instrument shall hard and benefit the successors and assigns of Lender and Borrower, subject to the provision, of paragraph 17. Borroaer's .)variants and agreements shall be joint and several Any Borrower who cc signs this Security Instrument but does not execute the Notc (a) is co- signing this Security Instrument only to mortgage. grant and convey that Borrower's interest in the Property under the terms of-this Security Instrument; du is not personally obligated to pay the sums ,.aural by this Security Instrument; :rod of agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security instrument or the Note without that Borrower's consent. 13. Loan Charges, If the loan secured by this Security Instrument is subject nh a Inw which sets nhaximum loan charges, and that Imv is bridle interpreted so that the interest or other loan charges collected or to be collected in connection with the J,... exceed the permitted fiaaot then: (a) any such loan charge shall be reduced oy the amount necessary to induce the charge in the permitted limit; and (b) any sum, already collected from Borrower which exceeded permitted limn, will be refunded to Borrower_ Lender may choose to make this refund by reducing the principal owed under the Note or by shaking a direct payment to Borrower If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note_ 14. Notices. Any notice to Borrower provided fur it tilts Security last ... annr shall be given by delivering d or by mailing it by Brut class mail unless applicable law requires use of another method. The notice shall he directed to the Property Address or any other address Borrower designates by notice to Lender Any notice to Leader shall be given by first class nail to Lender's address stated herein or any other address Lender designates by notice to Borrower Any notice provided for in this Security hnstrracer shall be deemed to have been given to Borrower or Lender when given a, provided in this paragraph. 15. Governing Law; Severability. This Security Instrument shall be govemed by federal law slid the law ofthe jurisdiction in which the Property is located_ In the event that any provisos or clause of Ibis Security Instrument or the Nutt cola icts with applicable law, such conflict shall not affect other provisions of this Security lostrument or the Note which can be given effect without the conflicting prevision. To this end the provision. of this Security Insbument and the No to are declared to he sevcrahlc. 16. Borrower's Cnpy. Boa lower shall be given one conformed copy of the Note and ofthis Security his 11 Unroof. Form 3018 9190 ® 8 R(N E) rsa' 2, on. sage 4 of a imwi=i -%y� w ��