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<br />- at the option of Lender, i4 mortgage insurance coverage (in the amount and for the period that Lender sequires) _ _ ,
<br /> provided by an insurer approved by Lender again becomes avaitable and is obtained.Borrower shall pay the premiums
<br />. ` � ' '''. , s� � re�uired to maintain mortgage insutance in effect,or to provide a loss reserve, until the requirement for�ortgage . , . .
<br /> � � . `�� l insurance ends in aocordance with any written agreement betaeEn Borrower and Lender or applicable law.
<br /> - 9.Inspe�tion.Lender or its agent may make reasonsble entries upon and inspections of the Peoperty.Lender shall • •
<br />_ ' � � ; giive Borrowet notice at the time of or prior to an inspecKion specifying reasonable cause for the inspectian. � , ;
<br /> j 10. Condemaation.The proceeds of any award or claim fot damages,direct or consequential,in connaction with •
<br /> �� - ,� any vondemnation or athet taking of any part of the Property,or for conveyance in lieu o4 condemnation,are hereby :- , , �� ,
<br /> :� --= '-,---- _= - assigned and shall be paid w Lender. `.
<br /> '...`-_.-.----
<br /> �s . � � .. In the svent of a toisl taking of the Ptoperty,the proceeds sball 6e applied to the sums secured by thas Security , ' `�.
<br /> _ `. . Instsument,whether or not thsn due,with any escess paid to Horrower.In the event of a partial taking of the Property in
<br /> `�' � which the fair masket value of the Property immediatelq before the taking is equal to or gceater than the amount of the �
<br />-":< � sums secured by this Security Instrument immediatelq before the taking,unless Borrower and Lender otheravise agee � �._,,
<br /> ;:� ' :_ � in wsiting,the sums secused by this Security Instrument shall be reduced by the amount of the procaeeds multiplied by �' ��� . ' .
<br /> s'� . ;, ,j the following fnction(a)the total amount of the sums secured immediately before the taking,divided by(b)the fair ,
<br /> `�2 � ' :�;? market value of the Property immediately before the tatcing.Any balance shall be paid to Borrower.In the event of a � `. �
<br /> ;i ' .
<br /> ,' 1 partial taking of the Property in which the fair market value of the Property immed�ately before the taking is less than .`�,:'`
<br /> the amount of the sums sec�red immediatelq before the taking,unles�Borrower and Lender otherwise agree in writing ;,:`'�;;;
<br /> ri: • . _ ' or uWe� applicable law otheraise provides, the proceeds sha11 be agplied to the sums secured by this Security • -
<br />';;� ' _� Instrument whether or not the sums are then due. , .
<br /> -.3: ' It the Property is abandoned by Bornuwer,or if,after notice by Lender to Bosrower that the condemnor offeis w _
<br />-��= � •� make an award or settle a ctaim for damage�. Borrower fails to respond to Lender withia 30 days after the date the ° �
<br />.�;� •r .''`' notice is given,Lender is suthorized to collect and apply the praceeds,at its optian,either w reswraEion or tepair of the '. ,' .�
<br /> Property or to the suma secured by thia Sec�mty Instrumem,wheth�r ar not thea due. �'�—
<br /> `� � Onless Lender and Bottower otherwise agree in writing,any application of proceed�to principal shall not estend or -- °; `
<br /> �a�r� • . ' ��' postpone the dve date of the raonthly payments refened to in paragraphs 1 and 2 or change tha amount o f suc h , -- �=�
<br />- ;�, "•�:_
<br /> . �, �'" payments.
<br /> � 1I. Borrower Not Released: Forbearance Bq Lender Not a Waiver. Eatension of the time for payment or �', ':
<br />_;:�' , ' madification oi amortization o4 the sums secured by this Security Insirumeni granted by Lender w ang suc�or in _ �-�•-
<br /> � , � interest o4 Borrower shall not operate to release the liabilitq of the origina] Borrower or Horrower's successors in � . -
<br />_ - ' � interest. Leader shall not be required to oommence proceedings against any successor in interest or refuse to estend � ,;�"�
<br /> time for payment or otherwise modify amoriizetion of the sums secured by this Security Instrument by reason of say '.' �i`'��
<br />''.'i:. � demand made by the original Borrower or Bonower's successors in interest.Any forbearance by Lender in eaercisiAg ' � " '`���
<br /> . any right or remedy shall not be a waiver of or preclude the eaercise of any right or remedy. . '�`'r•`' 'f+�
<br /> �' •. � � . � 12. �ucxessors and Assigns $ouad;Joint aad Several Liability;Co-signers.The covenants aad agreements _ :��'�-
<br /> ° � of this Security Instrament shatl bind and bene�t the successore and assigns of Lender and Bonower,subje�t to the '�.� .._
<br /> � ` " provisions of paragraph 17.Bonowe�s covenants aad agreements shall be jo�nt and sevaral.Any Borrower who co sigas . ����
<br />� .. � , �;:,:.�,
<br /> _ . ��.; this Seaurity Instrument but does not esecute she Note: (a) is co'signing this Security Instrument only to mortgage. . --�:.
<br /> - . . - � gcant and convey that Bonower's interest in the Property under the terms of this Security Ins6rument; (b) is not � � '' ' =_�
<br /> ' • ' personally obligated to pay the sums secured by tlus Security Instrument;and (c) agrees that Lender and any other ' �''�'""'
<br /> '� . � Borrower may agreE to estend.modifq,forbear or make any accommodations with regard to the terms of this Securitq " _
<br /> r:, Instrument or the Note without that Bonowe�s consent.
<br /> - � �` t !3. Laan Charges.If the loan se�ured by this Security Instrument is aubject to a laN which sets masimum loan ' "�•>F
<br /> • � , . "s°charges. sud that law is �nally interpreted so that the interest ar vther loan chatges coliected or to be collected in � ' ; -
<br /> connection with the loan esceed the permitted limits,tAen: (aj eny such loan charge shall be reduced bq the amount � �
<br /> . ' n�ry to reduce the charge to tlie permitted limit; and (b) any sama already collected from Borrower which _
<br /> .' . ' asceeded permitted limits wi11 be refunded w Borrower.Lesider may choose to make this refund by reducing the � • �
<br /> . . principal owed under tAa Nots or by making a direct payment to Bosrower.If a refund reduces principal,the reduction � - � -�'
<br /> ' � will be treated as a partial prepayment without any prepaymant charga under the Note. : _. ,
<br /> �` , . . 14. Notices.Any notice to Bonower provided for in thia Security Instrament shall be given by deliverin�it or by
<br /> - mailing it by first class mail unless applicable law requirea use o4 another method.The notice shall be directed w the . •
<br /> ' � • ' Property Addsess or any other address Borrower designates by notice to Lender.Any notice to Lender sha11 be given by •
<br /> • • - :� first class mail to Lender's addre�stated herein or any other address Lender designates by notice to Honower.Any �. ': �
<br /> � � '. notice provided for in this Secutity Instrument shall be deemed to have been given to Botrower or Lender when given :.'. . �
<br /> � . as provided in this paragraph. .
<br /> ' � � 15. Governing Law;5everability.This Security Instrument shall be governed by federal law and t?:e law of the
<br /> � jurisdiction in which the Property is lacated.In the event that any provision or clause of this Security Insttument or the � �. =
<br /> � Note conflicts aith applicable law.such conflict shall not affect other provisions ot thia Security Instntment or the No2e .
<br /> . whicti can be gi�•en effect without the conflicting provision.To this end the provisions of this Security Insttument and . , _
<br /> the Note are declared to be severable.
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