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<br /> , ' � payments mvy no longar bc required,at the optian of Lender, if mortgage insurance coverage 1in the amount und for the perind
<br /> tbat l.ender roquirea)provided by wn insurer appmved by Lender Again hecomes availabie and is obt�inod. Borrower shall pay
<br /> tho prcmiwns required to maintoin mort�oge insurance in effect,or to provide a loss reserve.until the rcquirement for mori�a
<br /> — -- l�uzance ends!n accordence with any written agrcement hetween Borrower and i.ender or applicable law.
<br /> _._ 9. taapection.L,erxler or its agent muy makc rea.conwhle cnlries upan end inspections af thc Property. Lendcr riwU�ivo
<br /> -- -----�"° Borrower notice at the time of or prior to nn inspection specifyfng rcasonebl�rause for the inspection.
<br /> " 10. Condanaadon. The proceoda of any uward or cluim for danwges,direct or consequential, in cannection wilh any
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<br /> °�- ' condemnaAon or ather toking of any pa�t ot the Pmperty.or far conveyence in lieu of condemnalion, are hereby w+xigned wid
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<br /> � �iwU be Ewid to[.endor.
<br /> In the event oP a tota! teking of the Property,the procceda ohall be applied to the sums secured by thix Security Instrument,
<br /> - whether or not Ihen due.with any eacess paid to BaROwer. In tha event of a pnrti�l taking af the Pmpeny in which the fair
<br /> ���"�°"�`� nwrket vu�e of tf�a Property immediately before tho tnking is equal to or greater than the amount of the Rums secured by this
<br /> � • Security I trument imrnediately befar+z the tuking,unless Borrower and[.ender otherwise agree in wrlting,the sums secured by
<br /> --- - �"""""'� this Secudty lnstrument shell be reduced by the amount of the proceeds multiplie� by the follawing frnction: (a) the totel
<br /> �yea� amount of�he sumc secured immediately before the taking,divided by(b) the fair market value of the Property immedietely
<br />��,�, , before the telcing. Any balance shall be paid to Borrower. In the event of a panial taking of the Prapeny in which the fair
<br /> �a+:>;.x=� merket value of the Pro ri immediatel before the takin is Iess than the amount of the sums secure�immediutel before the
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<br /> — taking, unless Borrower and Lender otherwise agrce in wdting or unless applicable law otherwise p�ovides, tha proceeds shall
<br /> �� xr�" 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 BoRawer.or if,after notice by I.ender to Borrowar that the condemnor offers to meke an
<br /> --�-_•�_����''�� �=���`r:;•,' eward or settle a claim for damages. Hotrower fnils to respord to i.ender within 30 Jayx after ihe date the notice is given,
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<br /> = � �;, I.ender is authorized ro collect und apQly the proceeds,at its optbn,efther to restoration or repuir of the Property or to the sums
<br /> - '���:�p . '• :� securcd by this Securiry Instrument,whether or nat then due.
<br /> '� ' ��'-��•� • Unless Lender end Borrower otharwise agree in writing, any upplicutioa of proceeds to principal shull not extend or
<br /> ;' ' ���'�`'•!F s ne the due dete of�he monthl a ments referred to in arn ra hg I and 2 or chen e the amount of such a tnentx.
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<br /> :;; � � ,;r:-t�;:' ��;'� 11. Borrawer Not Reles�l;Forbearance By Lender Net e Walver.Extension oE thc time for payment or modificatfon
<br /> - �• `uj� of amortization of the sums secured by thix Security Instrument granted by L.ender to any successor in interest of Borrower shall
<br /> �+� • • ' ' ,��'; not operate to release tlte liability uf the nriginal Borrower or Horrower's successors in interest. L.ender shall nat be required to
<br /> ,:'.�;;;:?,. •.,,�.;�i' commence proa�edings against uny successor in interest or refuse ta extend time fur payment or otherwire modify amorti�ation
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<br /> � _..��_....,., . •,,�_ of the suma secured b this Secu�it Instniment b reason of an demsind made b the ori inal Barrower or Borrower's
<br /> �';r�.' '° • auccessors in intemst. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
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<br />--- .- -_ _- -_._= Carn,inc uf w�y iight oi rri itix3y.
<br />= � �'• � '� 1Z. Succes.sors and Assl�ns Bound; Joint and Several Liabilily; Co-signers. The covenants and agreements of this
<br />�� • " Security Inatrument shall bind und benefit the successors and asaigns of Lender and Horrower, subject to the provisions of
<br />'� • �,a`.,.' .. ��" paragraph 17. Borrower's corenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />"-'�' ' �:$hi,��. Instrument but does ncx execu�e the Note: (u) is co-signing this Secu�i�y Instrument only to mortgage, grnnt and convey �hat
<br />.,��� � Borrower's interest in the Praperty under the tcrnu of this Security Instrument; Ib) is not perconolly obligated to pay the sums
<br /> Y� ' � � �soeured by this Security lnatrument;und(c)agrees that Lender nnd uny other Borrower may agree to extend, modify, f'orbear or
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<br /> �Ur�• � m�{ce any eccommodations with regurd m the terms�f this Securiry Instrument or the Note without that Bonower s consent.
<br /> �� 13.LoAn Charges.If the loun secured by this Security Iactrument is subject to u law which sets mnximum laun charges,
<br /> �•�. ��:�.� und that law is fitwlly interpreted w thut the interest or otlier lostn charges rnllected or to be collected in connection with the
<br /> * -��•'� . Inan excaal the�+ermitted limilti, then: (01 any �uch loan charge shull he reduceci hy the umount necessury to reduce rhe charge
<br /> •���� ��°^ , to the petmitted limit; And 16►any sums ulreudy collected fmm Borrower whirh exceuied permitted limits wili be refunded to
<br /> '' "'p''' '', F�'�, Borrawer. Lender mny chonse to make this refund by reducing �he prinripal owed under the Note or by muking a direct
<br /> �� � ' �'� � �`�`�' �� ment to Borcower. If u refund reduces rmci al, the reduction will be treated uti a artiul re a ment without an
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<br />�;' � prepuyment chorge under the Note.
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<br /> � , �i���- ' �i�:�.� 14.Notices.Any notice lo &rrruwer prnvided for in this Security Instrument shall be given by delivering it ar by mailing
<br /> ,, it by fi�t class mail unlesti applicable law requires use of:uwther method. The noticc shall be Jirected to the Pmperty Address
<br />' � • or any other addrcss Borrower designatcs by notice to L,ender. Any notice to Ixnder shall be given by first class mail to
<br />� , �:;� .. . • Lender's oddress stated herein or any other address l.ender designutes by natice to Borrower. Any notice provided for in this
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<br /> , -:� �•� Security Instrument shall bc deemed to have bcen givcn to&�rrower c.r Lendcr when given us providcd in this parograph.
<br /> ,��Y:Q` .. l5.Governing l.aw; Severabillty. This Security Instrument shull bc govcmcd by fede�al law and the law of the
<br /> '�, �;;,;,,` iurisdictian in which the Property is lacoted. In thr cvent thut uny provisiem or cluuse i�f thix Security Instrumr,nt or�he Note
<br /> conflict.r•with upplicuble luw,sunc�ontlict shall not afl'ect other provitiiom uf�hi.Security In,trumem�ir the Notc whi�h cun be -
<br /> , . . ' °� given effect without the contlirting provision. To thi�end�he provisi�►ns of'�his Securiry Instrument and the Note ure declared
<br /> � ;s � �� to be scverable.
<br /> ° 16.Borrower's Copy.Borrowcr shall bc givcn onc amtiirtned copy uf thc Ni►tr und qf this.Scwrity Intitnmmnt. .
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