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<br /> paymenu may no longer be required.at the option of Lender,if mortgage insurance coverage(in the amomu and for tde period , ` t• +�
<br /> that Lender requires)provided by an insurer approved by Lender again becomes available an�i is obtained. Bonower shali pay � . �• .
<br /> the premiums required to maintain mortb ge insurance in effect,ar to provide a luss reserve,until the reyuirement for mortgage �' °' '=�1'
<br /> , insurance ends in accordance with any written agreement bet�+•een Bormwer and Lender or appiicable law. . • ,.T �
<br /> 9. InSpectlon. Lender or its agent may make reasonable entries upon and inspections of the Property. I.ender shall give • � � '"; '�
<br /> _F -�— �
<br /> ' Borrower nopce at the time of or prior to an inspection sperifying reasonable cause for the inspection. _ ; _:S-- . .-. .-
<br /> _- 10. Conttemnatinn. The proceeds of any award or claim for damages, direct ar consequential. in connection with any � -- � .- --� � � ' —
<br /> �.."..JY_•Ia'_is+.r..-'�---�.'-.__
<br /> j condemnation or other taking of any oart of[he Property, or for canveyance in lieu of condemnation, aze hereby assigned and - `: t T , .=�T�°�" _
<br /> ,. shall be paid to Lendec �','-:- � �
<br /> ' In the event af a total taking of the Property,the proceeds shall be applied to the sums secured by this Security Instrument. ���`#:y:�''.-�}
<br /> : .,�,_,,_���_. �..�. _
<br /> whether or not then due, with any eacess�paid to Borrower. In the event of a partial taking of the Property in�vhich the fair ,,,a,�,�W---�'�_�-m---�=--�•
<br />. market value of the Property immediaiely before the taking is equal[o or greater than the amount of the sums secured by� this ��-��=-`: —
<br /> Security Ins[rument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums securec!by Y�"����;�
<br /> � this Security Instrumeat shall be reduced by the amount of the proceeds multiplied by the following fraction: (a)the total :��:'-��=��
<br /> amount of the sums secured immediately before the taking,divided b}� (b) the fair market value of the Fn��erty immediat�ly _ _ - -- — _
<br /> ' before die taking_ Any balance shall be paid to Borrower. In the event of a partial taking of the Proper�. :r.which the fair --�-�= -- ___
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the r�L��r�
<br /> taking, unless Borrower and L.ender otherwise agree in writing or unless applicable law othenvise provides, th$pmceeds :,�all ��"�� �
<br /> • m nt wh ther or not the sums are then dae. �����,�., �„__,
<br />. be applied to the sums secured by this Security Inspu e e �_-_ _'°��?'"""" __
<br /> If the Property is abandoned by Borrower, or if.after notice by Lender to B�rrower that the condemnor offers to make an ��_' ::._`_
<br /> � aat3rd or settle a claim for damages. Borrower fais to respond to Lend�er witlun 30 days after the date the notice is g�ven. •`'�`Y�°�`'.:.-•x �"``=-
<br /> :^��
<br /> ��- Lender is aethorized to collect and apply the proceeds,at its optioo,either to restoration or repair of the Property or to dce�ns � �—��-"
<br /> secured L�F;+�:s Security Instrument,ahether or not then due. ` '
<br /> ' � Unless Lender and Bonower otherwise agree in writing, �ay application of praceeds to principal shall not extend or T-.-e,.-r , , .'• .�'�i,�fi�
<br /> � ' po.5tpone the due date af the monthly payments refecre�?to in paragraphs I and 2 or change the amount of such payments. _ ��:•
<br /> - 11.Borrower No.�xleasetl;Forbearance By Lercder DIot a Waiver.Extension of the time for payme�t or modification �,�� �,, .' � ',�,,;;; `,,�_
<br /> of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall i"'�-°"�-
<br />`" `'� not operate to release the liabitity of s�e original Borro�ver or Borrower's successors in interest. Lender shzll not be required to •�.,�' .
<br /> commence proceedings w��inst any successor in in[er.�st or refuse to extend time for payment cr otherwise modify amorti�ation '`"i�;.';:��.
<br /> of the sums sec�+red b} +��is Security Inswmen: �? reason of any demand made by the original Borrcwer or Borrower's :, . ,' .;�5,;,?��.��:,.4_
<br /> ' successors in interest. :�m forbearance by I.ender in exercising any right or remedy shall not be a wait�:•of or preclude the ;:.;y �:`�!�.•�,�',�I:'•
<br /> '. exercise of any right or remedy. � .�.�.s-�? `.;� ;;';.rr,�;`
<br /> • �.r" ;�':'; •..:T.
<br /> 12. Succes�ors and Assigns Bound;Joint and Sevei� II�billty; Co-sigrters. The covenants and agreements cf this :� '�;1 .,. • �. • ,.:.
<br />_�v �.� Security Inswment shail bind and benefit the successors and�:+-igns of L.ender and Horro�ver. subject to the provisions of jE��''�=-=
<br /> �.i.:��
<br /> ara ra h 17. Borrawer s covenants and a reements shall be 'oint and sereri. An Borrower who co-si this Securi - � �`{`
<br /> P S P 8 J Y 8� LY .�,:'``;f,�
<br /> � �� .� Tnstrument but does not execute the Note: (a) is co-signing this Security Ls-as:�ent only to mortgage,grant and convey that �
<br /> , � - ���.�.
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<br /> ,{ Boaower's interest in the Property under the tecros of this Security Instrumer.t;(b�is not personally obligated ta pay the sums ___r-;�.�,..r.=�'�
<br /> secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to exEend,modify,forbear or ������--
<br /> � make any accommadations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. '•• � '��` -
<br /> . � —. ��,�.,�,�__�•...�._..
<br /> '�`< 13.Loazt Charges.If the loan secureA by this Security Instrument is sub;ect to a law which sets maximum loan charges. __
<br /> � � and that taw is finally interpreted so that the interest or other loan charges callected or to be collected in connection with the �'`'��s.:.., ,.
<br /> �+ loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge ii��'->-��•'"I'•�- _ -
<br /> ' ro the permitted limit;and(b)any sums already collected from i�aazrower which exceeded pernritted limits wiU be refun�ed to _
<br />:��, ' �i Bonower. Lender may choose to make this refund by reducir.; ::5e principal owed under the Note or by making � atirect __ ��.��"' ;_�
<br /> , , � payment to Borrower. if a refund reduces principal. the reduction will he treated as a partial prepayment without any �*���u���
<br /> - � prepaymetrt chazge under the Note. " � �:;-
<br /> ,;,,,��.-_.-- ,
<br /> ' ' lg.Notices.Any notice to Borrower provided for in this Securiry Instrument shall be given by d�livering it ar by mailing , _ � � _---
<br />.;',`;"��•. � it by first class mail unless applic2S�te�aw requires use of another method.The notice shall be directed to the Property Address ;�r:'.:��...��=-
<br />:��'. ' � or any other address Borrower desc�tes by notice to Lender. Any notice to Lender shall be given 6y first class mail to ' � t•.,��' .
<br /> Lender's address stated hemin or any other address Lender designates by notice to Bonower. Any notice provided fot in this � �'����� `� --,
<br /> � 1 Security Instrument shall be deemed to have been gi4�en to Borrower or Lender when given as provided in this paragraph. -�=r:�.;y;.,
<br /> � 15.Goveraing Law; Severability. This Security Inswment shall be governed by fedeml law and the law ofthe %�%�:'
<br /> � � �` jurisdiction in which the Pmperty is located.In the event that any provision or clause of this Security Instrument or the Note �
<br /> . conflicts with applicable law,such conflict shall not affect other�provisions of this Security Instrument or the Note whica.can be -�•_
<br /> - - '�� •__
<br /> given effect without th�canDicting provision. To this end the�rovisions of this Security lnstrument and the Note are d�lared - —
<br /> ' � � to be severable. -u�T�-°
<br /> 16.Borrower's Copy.Borrower shall be given one wnformed wpy of q;he Note and of this Security Instrument. __ _� ;"`�''" —
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