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<br /> paym;:nts may no longer be requircd,at the option of Lender,if mortgAge insurance covera�e(in the amount and for the period ..
<br /> that Lender requires)provided by a�i insurer approvcd by i.ender again hecomes availablc and is obtained. Borrower shall pay
<br /> the prcmiums required to maintain mortgage insurance in effect,or to provide a loss rescrve,until�he requirement for mortgage
<br /> insurance ends in accordance with any written agreement between Bonower and L.ender or applicable law. ,
<br /> 9. Inspect[on. Lender or its agent may muke reasonable entries upon and inspections of the Property. L.endcr shall give _
<br /> Borrower notics at the time of or prior to an inspection specifymg reasonable cause far the inspection. . �
<br /> � 10. Condemnation. The proceeds of any award or claim for damages, direct ar cansequential, in connection with any � �;•�;�; �=
<br /> ti condemnation or other taking of any purt of the Prop�:rty, or for conveyancc in lieu of condemnation, are hereby assigncd and
<br /> ' shall be paid to Lender. ;�..�:,�•*�'it� .
<br /> In the event of a total taking of the Property,the proceeds shall be upplied to the sums secured by this Securiry Instrument, .: .: : t,•_..
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<br /> � :�v, whether or not then due, wlth any excess paid ta Bonower. In the event of a panial taking of che Property in which thc fnir ,�� :;��,���.�_, `:
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<br /> market value of the Property immediately before the takin�is equal to or greatcr than the amount af the sums sccured by this ••' .t s��,�r_,:_
<br /> Security Instrument immediately before the taking,unless Borrower and I.endcr othcrwise agrec in writin�, thc sums sccurcd by ,.s,�;_��,�„r
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<br /> this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total � ` .�._�,�.��.
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<br /> ' amount of the sums secured tmmedtately beforc the taking, dividcd by (b) the fair market value of thc Ptopctty immedi�tcly ,;_,
<br /> ' before the takins. Any balance shall be paid to Borcower. !n thc evcnt uf a partial taking of thc Prapcny in whlch thc fnir . .1M_°
<br /> market value of the Propcny immediatcly beforc thc taking is less than thc amount of thc sums sccurcd immcdietcly hefore thc ;�:�__
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<br /> ', taking.unless Bocruwer and l.ender othecwise agree in writing ar unless applicable law otherwise provides, the pruceeds shall _,.�_
<br /> , � be applied ta the sums secuted by this Security Instn►ment whcthcr or nat thc sums are then duc. ;'•:,�-- .
<br /> ]f thc Propcny is abandoncd by�ottower,or If, after notice by Lender ta Borcowcr that the condemnor offcrs to malce an : ;�_.
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<br /> a..ar. or sc� ^ a claim for damages, Borrower f.�ils to respond to l.cnder wi[hin 30 days after tlte date the noticc is given, _. -
<br /> �: � I.ender ts nuthoriied to collect and apply the pra:ceds.at its uption.cither to restoration or repair of the Property or to the sums ,.�_;?�_,
<br /> secured by this Security Instrument,whether or nat then due. �'�»�':�
<br /> � � Unless L.ender and Bonower otherwise agree in writing, any application of proceeds to principal shall not e�tend or �u�i=
<br /> � postpone the due date of the monchly payments refened to in pazagraphs i and 2 or change the amount of such payments. ��.
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<br /> I1.Borrower Not Relensed; Forbearance By Lender Not a Watver. Extension of the time for payment or modification � ti;,
<br /> of amortizacion of the sucns secured by this Security Instrument gran[ed by L.cnder[o any successor in interest of Bonower shall �'.�J,;..
<br /> ,�• not operate to release che liabiliry of the original Borrower or Bonower's successors in interest. Lender shall not be required tu �:� .�
<br /> • commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modity amortization ,�.
<br /> � of die sums secured by this Security Instrument by reason of any demand made by the original Borrower or Bonower's ��
<br /> . successors in interest. Any forbearance by L.ender in exercising any right or remedy shall not be a waiver of or preclude the •q.,
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<br /> exercise of any ri$h[or remedy. """`
<br /> • 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this n,
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<br /> - Security Instrument shall bind and beaefit the successors and assigns of L.ender and Bonower, subject to the provisions of ___ �..
<br /> . pazagraph 17. Borrower's covenants and agreements shall be joint and several. Any Bonower who co-signs this Security �
<br /> Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and wnvey that _ �f
<br /> :� Borrawer's interest in the Property under the tern�s of this Security Instrument; (b) is not personally obligated to pay the sums -- ��..
<br /> �+ secured by this Security lnstrument;and(c)agrees that Lender and any other Bonower may agree to exten�,modify,forbeaz or �-
<br /> t� make any accommodattons with regard to the terms of this Security Instrument or[he Note without that Bonower's consent. 1�
<br /> �'. 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan chazges, —
<br /> �� �y and tha[law is finally interpreted so that the interest or other loan chazges collected or to be collected in co�ection with the —
<br /> '4 . loan exceed the permitted limits, chen: (a)any such loan charge shall be reduced by the amount necessnry to reduce the charge _
<br /> �. to the pernutted limit; and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> = Borrower. Lender may choose to msilce this refund by reducing the principal owed under the Note or by making a direct _
<br /> ' 4 payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any R.
<br /> , � prepayment charge under the Note. �� -- -
<br /> r 14.Notices.Any nodce to Borrower provided for in this Securiry Instrumenc shall be given by delivcring it or by matling �_
<br /> it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address
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<br /> or any other address Boaower designates by notice to I.ender. Any notice to Lender sh�ll be given by first class mail ro Eo ,�,,,,._.�
<br /> • Lender's address stated herein or any other address [.ender designates by notice to Borrower. Any notice provided fvr in this IV:_'
<br /> � Securiry Instrument shall be deemed to have been given to Bonower or Le�,der when given as Qrovided in this paragraph. k- �;_
<br /> 15.Governing I.aw; Severability. This Sccurity Instrument shall be govemed by federal law and the law of the �`::;"-�
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<br /> jurisdiction in which the Property is located. In the event thac any provision or clause of this Securicy Instrument or the Note �,• � : .
<br /> conflict�with applicable law,such cvnflict shall nat affect other provisions of this Security Instrument or the Note which can be x.��}-�,r,.,{'}.,
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<br /> given effecc wichout the conflicting provision. To this end the provisions of this Security Instrument an d t he Note are declared , ��. ' ,
<br /> to be severable. - ��� '' �
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<br /> 16.Borruwer's Copy. Borrower shall be given one conformed copy of the Note and of this Securiry Instrument, � .„ � �;�+, �
<br /> Form 302$ 9190 '
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