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<br /> „t, f payments may no tonger be re�uired,ut the option of Leader,if mortgage insutanoe coverage(in t�ie amount and for the period
<br /> � . � '�f`� tl�aat Lender requires)Provided by an insnrer approved by I.ender again beoomes available and is obtained. 8orrower shatl pay :<<`r;� .;. ;�z
<br /> the premiums requiied to maintain mortgage insurance in effect,or to provide a loss reserve,until the reqnirement for mongage� `.;� :�",.�.., . ..
<br /> ��`<(� , ' � ' insurance ends in aa�or�dance with any written agreemert beiween Bomower and L.ender or applicable law. � - '.°..,
<br /> . �`s• �:� `. -'� 9. Iuspedfan.Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give � .� ,
<br /> :.' <�r� ,..° ` Bormwer notice at the dme of or prior to an uupaction sPecifying reasanabte cause for the inspection. � r`s�
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<br /> 10. Coademnation.The pmceeds of auy award or claim for dan�ages.dired or conseq�ential. in connution with anyQ ..� a ` ti...
<br /> • - �•�`: condemnation or other laking of any part of the Property.or for conveyance ia lieu of oondemnation,are hereby assigned and� " '
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<br /> � t �--=.�- s{tall be paid ta l.ender. � � c V
<br /> • • �4;�- In thc event of a tota!taking of the Property,the pmceeds shali be a�r�Ged to the sums secuzed by this Securiry Insnvment.� , ..+ f���•
<br />_.�� `��, �. , "` whether or not then due.with any excess paid to Borrower. In the eveai of a parpal taking of the Pmperty in whicb the fai�"� �_;;�_t,;.,,.' <.
<br /> � � market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this �`., , �: .•,
<br /> ��� ; S;. Security Insdument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums seaued by � `
<br /> �' tI11S SCQ1ttL}� t^ �m t sh�l! be reduced by the amount of the proceeds mulriplied by the foriowing fradian: (a) the total
<br />, `�f`` ��� ,` `. 4�.�: amoutU of the snms seWred immediate[y before the taking,divided by(b)the fair market value of the Property immadiately � �: :::�(_:_�
<br /> � � • before the taking. Any balance shall be paid to Borrower. In the event of a partial taldng of the Property us which the fair ,� , ��,.�-�;,-,._
<br /> � :,; :� . `�� market value of the Propeny immediately before the taking is less than the amaunt of the sums secured immediately before the .} �` '•-:�-
<br /> � '`'�- • •' "�`� `' taking,unless Borrower and Lender otheiwise agree in wricing or unless applicabte law ctlterwise provides,the proceeds shall �
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<br /> . ' �. .. be ap�lied to the sums secured by this Securiry Ins�trument whether or not the sums are then due• _':.. `:�'`�
<br /> � „ . � If the Property is abandoned by Borrower,or if.after notice by Lender to Borrower t6at the condemnor offe�s to make an -
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<br /> ,. ' awacd or settl�a claim for damages, Barrower fails to respond to Lemder wlt6in 3U days after th$�the na6ce is given, _ _
<br /> ,� I.�nder is autharized to collect and apply the p��eds.at its aption,either to c�esioration or repair of the Property or to the satns � �•�"",�;;�
<br /> � , sectued by this Security Insteument,whether os not then due. � --_
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<br /> --� Onless l.ender and Bormwer e�senvise agiee in wridng. any application of pivc�eds to principal sha11 not extend or 4 .-
<br /> � - postpone the due date of the month3y payments referred to in paragiaphs 1 and 2 or change the amount af sach payments. � `�. '—
<br /> : , " � � �'';, 11.Borrnwer Not Released;Forbearance By Lender Not a Waiver.Extension of the ame for payment or modification . �;�,��;_
<br /> • • � >��: of amortization of the sums secure�by this Security Instrament giant e d by L e n d°:to any successor in in t e r e s t o f B orrowe r s h a l l � `•�.� �'__'- -
<br /> ' "_ - "_'�'�.�'.: not operate so release the liability of the osiginal Borrower or Borrower'SSUCcessors in interest. Lender shall not be mquired to .-_�::�,:_��:
<br /> � . " commence proceedings against any successor in interest or refuse to extend time for payment or otherwise madify amortization .. —.
<br /> ��' .' of tfie sums seaired by this SecuriCy Iastrument 6y reason�€any demand made by the original Borrower or Borrower's " , al:'� ' _--
<br /> '. � � °- successors in interest. My forbearance by Lender in exercising any right or remedy shall not be a waiver of or prectude We =---
<br /> � _ exercise of any right or r�me�y. 4 -
<br /> l ;_ -•r''- 12. Suocessors and Assigns Baund;Jc�..�*t and Sevesaf I.iabilfty; ��signas. The wvenants aad agre�ments of tlus _ �:-
<br /> • Securiry Instrutr�ent shall bind and benefit the successars and assig�s of Ieader and Borrower. subject to the provisions of �� �% �:�`�
<br /> , ;,,:,,.. :��
<br /> . ,t; paragraph 17. Borrower's covenants and agreements shall be joint and ser•eral. Any Borrower who co-signs this Security ' ..%,,,;f4:�h�,.-=-
<br />- - ` • Instrument but does not execute the Note: (a) is co-signing this Securiry ��.strument on{y to mortgage.grani and convey that ;:= ,�.,� : �—.
<br />- � � • - Borrower's Pnterest in the Property under the tertns of this Security Instre-Pnr.(b)is not personally obligated to pay the sums - --
<br /> •' . � • secured by this Security Instrument;and(c)agrees that L.ender and any other Borrower may agree to extend,modify.forbear ar �`,���:,���,
<br /> � ; make any accommodations with regard to the terms of this Security Instniment or the Note without that Borrower's cansent. ��t-
<br /> .. , � � 13.Loan Charges.If the toan se.°ured by this Security Insnument is subject to a law which sets maximum loan charges, . . -
<br /> ` .f ' .� " and that law is finally interpreted so that the interest or other!oan charges collected or to 6e ooliected in connection with the •� =_
<br /> - � � . � • ' loan excexd the permitted IicRits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the eharge ::�����f`_�=_�
<br /> _' • , , � to the pemutted limit:and(b)any sums already collected from Borrower which exceeded pennitted limits wiU 6e refunded to __
<br /> _ � � Eorrower. Lender may choose to make this refund by reducing the principal owed under the Note or by malcing a direct , ,
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