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<br /> payments may no langer be required,Ht the option of I.ender,�f mortgage lnsurauce coven►ge(in the nmouut and fnr tlte period
<br /> , tl�at I.ender mquires)provided by an insurer xpprovcd by Lender again bec:omes available and is abtalned.Horrower shall pay
<br /> d�e premiunis requlred to malatnin mortgage insurance in effect,or to provide a loss reserve,until dre requlrement fox mortgnge
<br /> �, .� Insurunce ends fn accordance�vith uny�*muen agreement h:.trreen�onov�er and Lender or applicable law.
<br /> 9. Inspectton. Lender or its agent may inake reasanable enMes upon aad Iaspections of the Property. Lender sh�ll give "
<br /> 8orrower nodce at the time of or priar to an inspecdon specifying reasonable cause for tlie iaspecdon.
<br /> ��;,,,,� 10. Condemnatlon.'[.ie proceeds af any uward or claim for damages, dlrect or consequendal, in counecdon witU any
<br /> „ .. condemnadon ar other tal�qn of any part of the Prop�rty, or for conveysnce in Ileu of condemnadon, are Lenby assigned and
<br /> chall be paid to I.�nder. .
<br /> In tbe evect of a total ttslting of the Pcoperty,the proceeds shull be applied to the sums secured by this Security Instrumettt, ::
<br /> whether or not then due, wish any eacess paid to Borrower. In tlie event of a pazdal taking of the Property in whicb the Ealr :={�Y�N
<br /> muket value of the Proyxrty i�nmediately before the taking is eqw�l to or areater dian the amount of We sums secured by this ��.'
<br /> � . ., Security Instrument imraediately befare the talting,unless Borrower and I.ender otherwfse agree ln writin�,ttae sums secured by �����_
<br /> ' thls Security insuument sha�l be reduced by the amount of the proceeds muldplied by the following fraction: (a) the total �`
<br /> ;:
<br /> ��,�,� aniount of the sums secured immediately before the taldng,divided by (b) the fair market value of the Property immediately --- `
<br /> before the taidng. Any balance ahall be paid to Borrower. In the event of a parda! taking of the Prop.rty iu wlilch the fair
<br /> � mazket valie of the Pro�etry immediately befare the talring is less than the aYnount of the sunis secured immediately before the •��"�
<br /> . �' .�'i.i:
<br /> taking, unlcss Barro�rer and Lender othehvIse agree Ln wrlting or unless appli�;able law otherwise provides, the praceeds shall �',_--�-
<br /> be applied to che suws securecl by this Security Instrument whether or not tLe sun�s are then due. ' _
<br /> " If tLe Paoperty is a6andoned by Hornower,or if, after notice by Lender to Bonower that the condemuor offers ro make an '�'"`"
<br /> award or settl�a claira for damages, Borrower fails to respond to I.ender within 30 dnys ufter the date the nodce is given, � -_
<br /> I.ender is authotized to collect and apply the proceeds, at its oFdon,either to restorsrion or npair of the Property or to the sums
<br /> secured by this Security Yn�trument, whether or not then due.
<br /> ., ; Unless Lender anci Borrower othe�wise agree in writing, any apulicadon nf proceeds to principal shall not extend or = .
<br /> ` postpone the due date of the monthly paymeuts referrecl to in paragr.iphs 1 and 2 or change the amount of such payments. �
<br /> ",�s;,�;� 1 1.B o r r o w e r N o t R d e a s e d;F o r b e a r a n c e B y L e n d e r N o t a�V a i v e r. B x t e n s i o n a f t he t i me for payment or mo d i fica�on
<br /> �;%.��•"� of amortizadon of the sums secured by tl�is Security Instn�ment granted by Lender to any successor in tnterest of Botrower shall
<br />. noc opeiate w ceIease[he liabiliry oi ihe origiaal BorrowCr or Bomowcr's successots in interest, i.ender sbaU not be t�ulred to F:`-`..
<br /> commence proceedings agalnst any successor in interest or refuse to extead time for payment or othenvise modtfy amordzadon �
<br /> . '°• , of the sums secured by this 5ecurity Iasuument by reason of any demxnd made by the original Bo:rower or Bonowet's ��_'.
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<br /> • successors in anterest. Aay forbearance by Lender in exerclsing any dght or remedy shall not be a waiver of or preclude the ��_
<br /> ._.. " .. exercise of any right or remedy. K�
<br /> . . 12. S�ccessore and Asslgre Bound; Joint and Severa! UabWty; Co-signers. The covenants and agreements of this �
<br />:-_.�:;•;,,:,.
<br /> Secuxlry Inacturaent sria11 bind and bensfit the sucsessors and assignv of I.eader and Borrower, s�bject ro the provisions of `"`'
<br />"�'-4;:,f,:_;J`r,�, paragrapl� 17. Banower's cave�uts a�cl agreements sl�all be jauu auQ several. Auy Borrower who co•sigas this Security ��
<br />" :;�,�,;.,;:t;r'.`, Ynsnument but does not execute tho Note: (a) is co-signing this Security Instrument only to mortgage, grant and coavey that �`�
<br /> - "` '`�'�'�' ' PenY �Y N)� personall obli ated to a the sums
<br /> �,. Borrower s inkrest in thc Pro wider the teims of this Securl Iaspn�ment; is not
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<br /> ,.;}�,�� secured by this Security Insuumenh, and(c)agrees that Lender and any other Horxnwer may asree to extend,modify,forbear or
<br />��'�-�„i;�:� make any accomm.odadans with ngard to the temas of�ix Security Iastrument or the Note without that Borro�ver's consent.
<br /> :.�:`,_�;i�=;� . 13.Loan Char�es.If the loan secured by thts Security Insuument is subJect to a law Rhich sets maximum loan charges, _
<br /> _ and that law is finally intetpreGd so tLat the interest or other loati charges colle�ted or ta be coll�cted in connecdon with the
<br /> �-�'`� loan exceecl the permttted limits,then: (a)any such loan charge shall be reduced by tue amount necessary w nduce the charge
<br /> _=���.�.',,�. to the pem�itted lIanit;and(b) any svms already wliected from Borrower which exc�eeded pemutted limits cvnll be refundal to
<br /> -= °-�• � 8ortower. Lendes may cLoose ro make thIs refund by reducing the piincipal owed under the Note or�y makin� a dirxt
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<br /> ° `•- •�- paymeni to Bonower. If a refund reduces principal, the reducdon will be treaoed as a partial prepayment without any ---
<br /> ;,,,4_�`�. prepayment cl�arge und,r the Note.
<br /> -� ""`` 14.N�tices.An nodce to Borrower rovided for in tlil.,Seci�ri Instrument shall be ven b deliveri it or b maili
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<br /> _•���:,,. � it by first class uiail unless applicable law requires use of another method.The notice s:�all be directed to the Progerty Address
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