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<br /> paymenu may no longer be requinad,at the opuon of Lender.if mortgage'snsurance rnverage lin the amount and for the period r..��;,_;:
<br />;.� [hat i.ender requires)pruvided by an iasurer approved by Lend�r again h.xomes available and is obtained. Borrower sball pay t �: '
<br /> � the premiums required w maintain mortgage insurance in effect.or to provide a loss reserve,until the requirement for mortgage �` t .
<br /> e insurance ends in accordance with any written agreement between Borrower and Lender or applicable taw. `J`�'"`"
<br /> 1 ' F!;Y
<br /> x 9. Inspectton.Lender or i[s agent may make reasonable envies upon and inspections of the Property. Lender shall give , _
<br /> � �-�,",;=.�--
<br /> Borrower nouce at the time of or prior to an inspection specifying reasonable cause for the inspaction. . 4.-�
<br /> � 10. Condemnution.The proceeds of any award or claim for damages, direct or conseQ-�ential, in connection with any •.�LLL.
<br /> �� condenu�ation or other taking of arsy part of the Property.or for conveyance in lieu of con�er•ration, are hereby assigned and •.:��.°.
<br /> f =��-��
<br /> : st�all be paid to L.ender. �- -����� '
<br /> ; In the event of a tatal taking of the Property,the proceeds stzall be apptied to the sums sec�.-red by this Security Instrument, _'�
<br /> whether or not then due, with any excess paid to Borrower_ In[Lze event of a paitial taldng aY the Property in which the fair
<br /> market value of the Property immediatety b�fore the taking is eqval to or greater than the a�ununt of the sums secured by ehis K�,rz,`__
<br />'; Security Insirument immediately before the taking,unless�orrower and Lendes eL'*_erwise a�+r�e in w�riting.�e sums securtd by �. _._,_,
<br /> `- tivs Security Instrument shall be reduced by the amount of the proceeds aauitipii�' by the fallowi�fr�ctit�n: (a) the totai ` �3'-;�=
<br /> .., L, -
<br /> ; �mount of the sums secured immediately before the taldng. divided by(b)�z£air market �alae of tt:�Pro�.rty imsnr.�iiately �-__�s„
<br /> ` before the taking. Any balance shall be Paid to Borrawer. In the event of a partial iaking of t�e Propzs�in which t�� fa:r _``=��-"'�' �"-
<br />�! madcet value of the Property imms�diately before the taking is less than the amount of the s.�ns sECUred i��iiately b�fore ti�. _ _
<br /> . taking, unless Borro�.es�d Lender otherwise agree in writing or unless applicabie law othe;a��e providzs,dis proex�ds s�tl ;�:`�=
<br /> ? be applied to the sums sea:red by this Se�;urity Insuument whether or not the sums are then due. _ �----_
<br /> ? If the Propersy is ab�n,doned by Borrower,or if, after notice by Lender to Borrower that the condemnor offets to make an e;f�,yY.
<br /> ; award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date tt�e nouce is given, ���.
<br /> %� Lender is authorized to collect and apply the proceeds.at its option,either to restoration or repair of the Property or to the sums
<br /> � secured by this Security[nstrument,whether or nat�en due. �°�
<br /> � Unless Lender and Borrower othenvise agsee in writing, any apRlication of proceeds to principal shall not eatend or e-�`=
<br />::,� postpone the due date of the monthly paymenu refeaed to in paragraphs 1 and 2 or change the amount of such payments. _----
<br /> + 11_�orrower Not I�eteased;Ferbraraace By Lendes Not a Wafiver.Extension of the time for payment or madification ��F
<br /> of am�ri?ation of the sums securc�by this Securiry Insmiment granted by Lender to any sa:s:....'ssor in interest of Eorrower shall �y"
<br /> not orz-��:to release the liability.i;t�e vriginal�orrovrer or Borrowei s successors in i...*��ra�. Lender shall not be required to
<br /> comme�:proeeedings against any sucoessor in interest ar refuse to extend time i:r Yai�c�eac ar otherwise modify amortizadon ��
<br /> �' o f t h e sems secur e d by t his Sec�s�rN Ins t r u m e n t b y r e a s o n of an y demand �ade b y the ori g inal Borrower or Borrower's = _,.
<br /> successo:s in interest. Any forbe�rar.ce by Lender in exercising any right or remedy shall not be a waiver of or precitsde ttte ����
<br /> exercise o�any right nr remedy. �
<br /> lZ. Successo�s and Assigas Boand; dolut and Several Liability; Co-signers. The cov�;nants and agreements of this ��I'�`�� �
<br /> Security Instrument shall bind and bene6t the successots and assigns of Lender and Borrower, subject to the provisions of �.____
<br /> paragraph 17. Borrower s covenants and a�zments shall be joint and several. Any Borrower who co-signs this Security
<br /> t and oonv ehat �'�°�
<br /> Instn�ment but does noi execute the Note: (a) is co-signin�this Security Instrument only to mortgage,gran ey `.
<br /> Borro��ar s interest in the Property under the terms of this Security Instrument:(b)is not personally obligated tu pay the sums
<br /> ��`' secureC�a3 this Securiry Instrument;=.�*:d(c)agrees that Lender an�z..�y other Borrower may agree to extend.modify,forbear or =--
<br /> �� make any aocommadations with regar��fl the terms of this Securiry instnunent er the Note without that Borrower's oonsenL �
<br /> 13.Laan Chargea.If the loan secured by this Security Instrument is su(s;�x ta a law which sets maximum loan charges. �=�--w-�
<br /> zr.d t��.taw is finally interpreted so that[he interest or other loan charges cuiln.,;:ed or to be collected in connection with tlte ��_`
<br /> ioan er.:,��the permitted limits,then: (a)any such loan charge shall be reduced by the amount ne�essary to reduce the charge
<br /> ,1'���, to the}t�:tted limit;and(b)any sums already wllected from Borrower whicb exceeded;eermitted limits will be refunded to �. _.__
<br /> Eorrower. Lender may choose to make this refund by redacing the princig:l ewed under the Note or by making a direc� --
<br /> payment to Borrower. If a refund raluces principal, the reduciion will i�r �r�ted as a partial pre�ayment without any
<br /> ��:.
<br /> : �'•� prepayment sharge under the Note. —� _ _-
<br /> �,-�.,_
<br /> 14L Noticeg.Any notr:.e to Boaower provided for in this�ac.:rity Instr�:�ent shall be�iven by delivering it or b��.ailing ___ �
<br /> ? � it by fira:class mail unless appli�?.°.law requires use of artothe::rethod. 'IY�e^otice shalE be�Wire�ed ro ths Propem+ A,:�ress ���,,_
<br /> . or any other address f���^ower d::.�;ates by norice to Le.nder. Any noticr� �'ri Lender shit 6e given by first cla� �.ail to P�'�"`
<br /> ` ` Len�er's address st�.a1 i:�wei�er e.�y other address Lender designates by noti�to Sorrower. Any natice �rovided for in this _
<br /> Security instmment s.zl!Ce dee�ed to have been given to Borrower or I.endet when given as provided"en diss paragraph. _
<br /> � I3.Governing Law; Ses�.ilti[uty. This Security insuument shall be govemed 7sy federal law and the law of the = ___._.
<br /> � ' juris�ix.�i���n in which the Proper:,� i.=.tucated. In the event that any provision or clause a��iri:s Security lnstmment or the Note ��•
<br /> oonflias with appli�i�law.such conflict shall not affert other pmvisions of this Security lhsuument ar the 13ote which can be ,
<br /> ' given effect withoat iiie oonflicting provision. To this end the proviseons of eE�is Securiry Instrnment and tii�Note are declared �'`..•� �
<br /> ���_��: --
<br /> to be severable. �;-=_--�.
<br /> , 16.�orrower's Copy.Borrower shall be given one conformed copy of the Note and aFthis Securiry instrument. �_-•-___
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