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<br /> � paymen[s may no lunger be required.at the option af Ixnder.if mo[tg:�e insurante coverage 1 in the amount and for ttte period � .. _ _
<br /> � that L.ender requiresl pm�i�ed by an insurer approve.d hy C.ender again becomes available and is obtained.Borrower shall pay ` : .��
<br /> the premiums required to maintain mortgage insurance in effect.or to provide a foss reserve,until the ret�uirement for martgage ;- _
<br />�:`, insurance ends in accoraiance��i[h any written agreement be[ween Borrawer and Lender or apFlicable law. , , , . . -
<br />- 9. Ia�pecuon. Lendcr or iGti agent may make reazonable entries upon and inspections of the Property_ Lender sh311 g'sve , ,,t . _
<br /> e Borrawer notice at[he time of or prior to an inspection specifying reasonable cause for the inspec[ion. _ _
<br /> 1Q. Conde�nation.The proceeds of any award or claim for damages. direct or mnsequential, in connecrion with any �i
<br /> condemn:ttion or ather taking of any part of the Property.or for conveyance in lieu of condemnation.are hereby assigned anai , ;;:w_;.•.. •� .
<br /> : ...�.�.,::..,�.:,
<br /> shall be paid to L.ender. � - -- --�
<br /> ` In the event of a total taking of the Property.the pmceeds si�ail6e aPPlied to the sums secured by this Security Instrument, -�,���r;;, ���J �
<br /> whether or nat then due.with any excess paid to Borro�ver. In the event of a partial takin8 of the Property in N+hich the fair �_._�
<br /> ,�� market value of the Property immediately before the taking is equal to or gr�ater diau d�e anwunt uf tne�um+sec�►red by tius , ,,.;.,�;.:,=;<..'
<br /> '•:J�?,FY'fjf:.�.�.FL:_
<br />:�� Sei:urity Instrument immediately befom the saking. unless Borrowerand Lender otherwise agree in writing.the sums secured bg+ ,l_„Y;�_�:�__ _
<br />' '� this Security Instrument shall be reduced by the amount of the praceeds muluplied by the following fra.cuon: (a) the total _ _- _ -
<br /> s amount of the sums secured immediately before the tal:ing.divided by(b)the fair market valuz of the Property immediately . •• �
<br /> .�'j �-•-�Y--���_�__--
<br /> . , before the taking. Any batance shall be paid to Borrower. In the event of a p�rtial taking of the Property in which Ne fair �:�� ,,_.3 ._
<br /> .-s market value of the Property immediately before the taking is less than the amount of the sums secured immediately before ttae � �
<br /> .:,,.�., . � •.•�
<br /> i taking,unless Borrower and Lender otherwise agree in writing or unless applicable law atherwise provides. che proceeds shall . �_
<br />�. be applied to the sums secured by this Security Instrument whether or not the sums are then due. �,,:..;,;.,;�� -�=��••
<br /> ���
<br /> If the Pcaperty is abartdoned by Bonower.ar if,after notice by Lender to Barrower that¢;_e condemnor offers to�as+e an �+-•�•i�.
<br /> ,�.t,.'.. 3�._�.•_.:�::�f:;.__:
<br /> ' award or settle a claim for damages. Borrower fails to respond to L.ender within 30 days a3�er the date the notice is given, ` ��.�9_
<br /> Lender is authorized to collect and apply the proceeds,at its option,eiiher to restoration or repair of t�e P��erty or to the sums ��-:-�-� __r,,
<br /> secured by this Security Instrument,whether or not ther.due. ���
<br /> Unless Lender and Borrower othenvise agree in wrising, any applicarion of praceeds to prince�l shall nat extend or ''`•�y r� ���`'�.`
<br /> postpone t he due d ate of the monthly p a ymenu referred to in paragraphs l and 2 nr change the�ount of such paymenu. �`7`� j ' ��
<br /> �..
<br /> � 11.Borrower Not Released;Forbearance Sy 1.ender Not a Walver.Exte�uion of the�r-.,;.for payment or modification - ���°�: .
<br /> y�'
<br /> of amorCvation of the sums secured by this Security Inmument granted by Lender to any successor in i^.��t of Borrower shall ;,Y��:._'
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interrst. Len�e-�hall not be reyuired to . ° .
<br /> r' .•• _,�t; .��_-
<br /> ( cornmence proceedings against any successor in interest or refuse to extend time for pay:t►eat�?otherwise madify azno�[i7atian �"�`�i� :,��.,_:�
<br /> '..:i of the s�s secured by this Security Instrument by reason of any demand made by the original Borrower or Bo.r,v::er's .�.-�:� ��'���,�, .
<br /> ,,,�"'^�.;;...
<br /> � successQas in interest. Any forbearance by I.ender in exercising any right or remedy shall not be a waiver of or pred�:,!�the ,�. ,ti.E.i �cc
<br /> , -- �t .
<br /> ;� exereise of any right or remedy. •'-�`:... ,t'4 y';,�;.�"�
<br /> iZ. Snccesso�s and Assig�s Bound; doint a�ad Several Liability; C�aneis. 'I't►e covenants a.�,' agreements of tl�is ..�.:�;};�y;:; '.
<br /> ; -��
<br /> '� Securiry Lnstrument shall bind and benefit the successors and assigns of Lender and Boaower. subjea:'� the provisions of - .]• �
<br /> � paragraph 17. Borrower s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security �1�� �J
<br /> � *� : y.�..: .,_'_
<br /> S Instrument but does not execnte the Note: (a)is co-signing this Security Insuument only to mortgage,grant and convey tleat , �„ "�
<br /> : Borrower's interest in the Property under the tem�s of this Security Instrument;(b)is not personalty obligated to pay the sums � � -s
<br /> � secured by this Secucnay Instrument:and(c)agr�s rI:at L.ender and any other Borrower may agree to extend, modify.forbear ot �- ��- :,.•.y .
<br /> , r• . _.,_.., �__,
<br /> � make any accommodations with regard to the tervr-s of this Security Instrument ar the Note without that Borrower's consent. ,.�_^ ,.,.._____
<br /> ,•'. � 13.g,oan Chaiges.If the toan secured by this Securiry Instrument is subject to a law which sets rnaximum loan charges, ��.zrs?e,r-�_
<br /> �..;-
<br /> and thas�w is finally interpreted so that the interest or ottter loan charges collected or to be collected in wnnection with the �.,�
<br /> '�i loan exceed the perrrstted limits.then: (a)any such loan c hazge s h a 1 1 be r e du c e d by t h e a m o u n t n e c e s s a ry t o r e d u c e the c h a r ge -_
<br /> � to the permitted limit:and(b)any sums already oollected from Borrower which eaceeded permitted limits i+vill be refvnded to - - �.:� _ .
<br /> � Horro�ver. Lender may choose to make this refund by reduring the principal owed under the Note or 6y tnaking a direct n , �..,,�:
<br /> �-� payme�t to Boaower. If a refuad re�uces principal. the reduction will be treated as a parti a l prepaymen t wi t hou t a n y �, �,,""__�_�� '
<br /> � prepayment charge under the Note. __
<br /> ,'` ;� 14.Notlres.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> ; it by first class mail unless applicable law requir�.s use of another method.The notice shall be directed to the Property Address
<br /> •"! or any other address Borrower designates by notice to Lender. Any notice to Lender shall be ��er,•�y first class mail to , -
<br /> t Lender's address stated herein or any other address Lender de�ignates by nctice to BorroKer. Any rr;t:x provided for in this
<br /> } Security Instrument shall be deemc;d to have been given to Borrc�aer or Lender when given as provided in this paragraph. • _" u
<br /> ��`• • 15.Governing I.aw; Severabflity. This Security Instn:�ent shall be govemed by federal law arid the law of tfie • _�_-__ �
<br /> "! jurisdiction in which the Property is located. In ihe event that any provisian or clause of this Security instrument or the Note _�.�,,.*-,.:,.�.d,.._
<br /> .j i3::�.:.
<br /> � � conflicu with applicable law.such wnflict shall not affect other provisions oF�his Security Instrumenc er�ze Note which can be ��=��-:.;�.
<br /> �t�_y-� •_r .
<br /> � . � given effect without the conflictirc provision. To this end the provisions of this Security Instrument ar.0 uie Note are declared _ ,,.,..,.�,,,F_t�
<br /> • to be se�•erable. �
<br /> �•� 16.�orrower's Cepy.Ben;�+er shall be given one confor:.:�d copy of Lhe Note ar�e`this Sea::�ty instrument. _,�r,.,,�, � ,r.;.
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