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<br /> at d9C option of I.rnder, if mortgsge insurancC coverxgc (in th� amount and tor the ��eriod that I.ender reyuires) .
<br /> rrovicled by en insurer approved by I.ender again becomes availahlC and is ohtuineJ. llorrawer Fhall pay tha premiums , ,•f ,
<br /> reyuir�d to mxintain mortgage ineurancc in affect, or tc� prc�vidn u Ic��.ti reserv�, until thr reyuirement for mortgaga
<br /> , i nsuranrc cnJs in accurdance �vith any written agrcemrnt henvc;cn l�c�rrowr:r und I.endc:r or�i�plicabl�law.
<br /> �I. Infipcction.l.ender c�r its agcnt ma5'make reasonahle entries u�n and inspe�:inns of the Ymp�rty.Lender shel� :
<br /> �;i�•r.}�cirrower noeicG at the tim�of ur prior to an inspectiun tipe�ifying rCasonabl�cuuse Par the inspection. _
<br /> 1Q. C�ndemnation.'l�he proce�ds of any award or claim for damages,direct or consryuential,in connection�vith��i ,�,
<br /> any�condemnation or other taking of any part c,f thC f'roprrty, or for con�ryan�e in lieu of condemnation, are h�rehy p
<br /> � � ussigned tund shall br paid to lxnder. , 4"``'}�A�'i
<br /> Iil �IIC CVCIIL�,f a wtal taking of thc !'rapert}•, thr rr��rr�ds sh�ll hc�Prlied ta the sums secureJ by this tiecurity -.
<br /> ' I nRtrument,whethcr or�ot then due,with any excess peid tc� IiorrowGr.In the event of a purtial taking of the Yroperty in . :,f+��__�. ,
<br /> ,,:,.: �vhich the fuir market value of the 1'roperty immediately}+cfc�rc the taking is eyual to or greater than the amount of the .,� '�*;�L;�..>..�,�.
<br /> '�� ;��r, , sums secured by this Security lnstrument immediatcl} hrfore the taking,unle.�.s Horm�ver and I.ender otherwise agree :....�y���ti,j�,�
<br /> in�+•riting, the sums secured by this Security Instrument shall hr reduced by the amount of the proceeds multiplied by ..Lv��-°_��_'
<br /> the following fraction:(a)thetotal amount of the sums securrd immediatcly before the taking,divided by (b) the fair ,�.v -__
<br /> rnerket value of the Yroperty immediately before the taking. Any balance shall be paid to Borrower. In the event ot a , _a:�.,_��—�-
<br /> ,� partial taking of the Yroperty in which the fair market value of the t'roperty immediately bcfore the taking is less th�n --- — -
<br /> �
<br /> 1 the amount of the sums secured immediately before the taking,unl��.s Harrow�r and I.ender otherwise agree in writing �r„`
<br /> or unless epplicable law otherwise provides, the procerds shall t+e applied to the sums secured by this Security �^y„^
<br /> � Instrum�nt whether or not thesiims are then due. :::•
<br /> If the Property is abandoned by Borrower, or if,after notice by I.ender to I3orrotiver that the condemnor offers to ;�,�__=_
<br /> make an a�vard or settle a claim for damages, Borrower fails to respond to I.rnder within 30 days after the date the :��-
<br /> notice is givan,L.ender is authoriaed to collect and xpply the proc�eds,at its option,either to restoration or repair of the = _ -
<br /> � Property or to the sums secured by this Security Instrument,whether or nut tl�cn doe. -�-_
<br /> Unless Lender and Borrower other�vi�e agree in writing,any application of proceeds ta principal shall not extend or '°�'=
<br /> � postp�ne the dtie date of the monthly paymcnu referrrd to in paragraphs 1 and 2 or change the amount of such -,.-'T.Kri�T-
<br /> payments. ;`�
<br /> ' �. 11. Borro�ver Not Released; Forbearnnce By Lender Not a Wai�er. Extenaion of the time for paymettt or •.,���
<br /> modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in _
<br /> � interest of Borrower shall not operate to release the liahility of the original Borrower or Borrower's successors in '`�'�
<br /> interest.Lender shall not be required to commence proceedings against any successor in interest or refuse to extend .'°�°"°.1
<br /> � time for a ment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any ;�!
<br /> ;� p y �
<br /> demand made by the original Borrower or Borrower s successors in interest. Any forbearance by Lender in exercising ��
<br /> �� any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 'ki�
<br /> _ _ __ � 12 Successars and Assigns Bound;Joint and Several Liability; Co-signers."l'he covenants and agcevments ;
<br /> of this Security Instrument shall bind and benetit the successors and assigns oi Lender and Borrowcr,�ubj�>� t�irie ° ,
<br /> ;� provisions of paragrapt► 17. Borrower's covenants and agreements shall be joint and several.Any Borrower who co-aigns �:
<br /> � this Security Instrument buc does not exe:cute the Note: (a) is co-signing this Security Instrument only to mortgege, ,ti
<br /> grant and convey that Borrower's interest in the Property under the terms of thia Security Instrument; (b) is not
<br /> � personally obligated to pay the sums secured by this Sec�irity Instrument;and (c) agrees that I.ender and any other _.
<br /> Borrower may agree to extend, modify,forbear or make an�•accommodations with regard to the terms of thia Security
<br /> Instrument or the Note without that Borro�ver's consent. �
<br /> 13. Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> . charges, and that la�s is finally interpretcd so that the interest or other loan charges collected or to be collected in _
<br /> conneetion with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount —
<br /> � necessary to reduce the charge to the permitted limit; and (b) any sums already collected fram Borrowec which —
<br /> exceeded permitted limits �vill be refunded to Borron•er. Lender map ctioose to make this refund by reducing the s�
<br /> principal owed under the PTote or by making a direct payment to Borrower.If a refund reduces principal,the reduction
<br /> will be treated as a partial prepayment without any prepayment charge under the Note.
<br /> �� 14. Notices.Any notice to Borro�ver provided for in this 5ecurity Instrument shall be given by delivering it or by `
<br /> mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br /> �� Property Addreas or any other dddress Borrower designatrs by notice to(.ender,Any notice to Lender shall be given by ___
<br /> .!� firyt class mail to I,ender's address stated herein or any uther address Lender designates by notice to Borrower. Any �_
<br /> f notice provided for in this Security Instrumrnt shall be deemed to have heen given to Borrower oc Lender when given �::-
<br /> . ; as provided in this paragraph. E�:�.
<br /> g' 15. C:overning Law• Severubility. This So�:urity Instriiment shall be governed by federal law and the law of the � ,�-.
<br /> jurisdiction in�vhich the PropCrty is located.In the event that any provision or clause of this Security Instrument or the .�.��
<br /> Note conflicts with applicable law,s�ch conflict shall not affect othrr provisions of this Securitp Instrument or the Note �;,��`����'";''��`
<br /> � which can be g�ven effect without the conflicting provision. 'I o this end the provisions of this Security Instrument and ���°^t
<br /> � the Note are declared to be scverable. 't ' '•t'�
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