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<br /> payments may no longer be requ'ved,at the option of I.ender, if mongage insurance coverage lin the amonnt and for tfie pzriad : �•-� �•
<br /> �. : _ .,...�,
<br /> that Lendcr requires►provided by an insurer approved by Lender again becomes available and is obtained. Borrow�er shall pay �� _., ` t. �:._
<br /> the pmmiums requir�to maintain ntortgage insorance in effect,or to provide a loss reserve.unti!the requirement for mortgage ^�`�°,'-: ��•� � �'�� '=
<br /> insurance ends in accordance witfi any�vritten agreement between Horruwer and Iznder or applicable law. • ,• f�' ;. ,:.�•:;^��a�
<br /> 9. Inspecifon. Lender or its agent m�y make reasonabte enuies upon and inspections o f t he P roperry. L en der s h a l l g i v e °. -. _jy_�-.-.
<br /> Borro�ver notice a[the time of or prior to an inspeciion specifying reasottable cause for the inspection. � •� �z:�� ...Y,. -.
<br />- 10. Condemnati4n. The proceeds of any award or claim for damages. direce or mnsequential, in connection with any .-. . .-�-.� -...�__. -_
<br /> condemnation or other taking of any pan of the Property,or for conveyance in lieu of condemnation, are hereby assigned and ='�—=�—`� _ _
<br />� shall be paid to Lcnder. .-:��'=`�`-���,:��'.��
<br /> .. �..�;�•°•=.__ .
<br /> In the eYent of a total taking of the Property,the proceeds shall be applied to the sums secured by this Seeurity Instrument, ;.:s'y� _„�__, •
<br /> whether or rtot then due, tivith any excess paid to Borrower. In the event of a partial taking of the Properry in which the fair °• �-.�i�'��i�—.°"��:
<br /> market vai¢e of the Property immediately before the talcing is equal to or greater than the amount of the sums secu r e d by t h is �'�`"�''�'�="
<br /> Y`.�;'_.'.:"'^�...� n. ..
<br /> Security Instniment intmediately before the taking,unless Borrower and Lender otherwise agree in writing.the sums secured by :�. . . :... _,_s,,,
<br /> • this Security lnstrument shall be redaced by the amount of the proceeds mulqplied by the following fraccion_ (a) the total :�-4� '� ` `
<br /> . ..�;��.",,,m.,�
<br /> ^ amount of tAe sumti secured immediate{y before the taking,divided by (b)the fair market value of the Propertg�immediately �j���„��,�,�-;__
<br />. ,, before the taking. Any balance shall be paid to Borrower. In the event of a partial taldng of the Property in wlich the fair ��� -
<br />; market value af the Property irmnediately before the taking is less than the amount of the sum,securer3 immedia.e;y before the � _ ..�-
<br /> taking, unless Borrower and Lertder otherwise agree in writing or unless applicable law otherwise provides,the proceeds shall - �;;;�,�_-..
<br /> be applied to the sutns secured by this Security Instrument whether or not the sums are then due. I `'"�� _
<br /> �'�, .
<br /> If the Property is abandoned by Sorrower,or if,after nouce by Lender to Borrower that the condemnor offers to make an �-�.�, �`Y`
<br /> a;�_:`. .'"�
<br /> award or settle a claim for damages. Borrower fails to respond to Lender within 3fl da s after ihe date the re�:;.e is ven. - � �'�� ^{"�
<br /> Lender is authorized to callect and apply the proceEds,at its oprion.either to restoration or repair of the Proper[y or to the sums �v��_--�
<br /> secured by this Security Instrtuneat,whether or not then due. •' �_----`
<br /> Untess L.ender and Borrower othenvise agree in writing, any applicarion of proceeds to principal shall aot eatend or ��.,�� '•'��;,�,'
<br /> postpone the due date of the monthly payments r�feme�io in paragraphs 1 and 2 or change the a..•noa�m of such payments. �•. '• � �;�� ��;fi.;�`r_:�
<br /> , ls.Borro�ver Not tieleased;Forbearance By Lender Not a Waiver.Extension of the tune for payment o.*.mndification � .;.��;;.:�'� ,�;;, . ,
<br /> of amorti7ation of the sums secured by this Security Instrwuent granted by Lender to any succes5or in interest of Borrower shall - .:•;,��'� ��
<br /> not o erate to release the liabili of the ori Horrower or Borrower's successors in interest. L��zr shall not be required to ',r.,•�%"�i�I�` ��•,,
<br /> .� � p ty � ,�T•;��ti�,,f� '. . , ..
<br /> �� commence roceedin s a ainst an successor in interest or refuse to extend time for payment er er.��wise modify amortization � _.',�;.s'�`�'
<br /> P g g Y .s;1��• ,
<br /> � •5 of the sums secured by Wis Security Instrument by reason of any demand made by the original Borrowr4 ur Borrower's � ' .�; .�
<br /> •�#_ successors in intetest. My forbeuance by Lender in exerasing any right or remedy shaU not be a waiver of a:prerlude the •.•,�-� ��•' � �
<br /> eaercise of any right or remedy. .''k ., � �
<br />�::�','`. 12.Successors and Assigns Bound; Jolat and Several Liabil4y; Co-sigaers. The covenants and agreements of this ...:�'S _
<br /> :u; . ,.�'�
<br /> , Security lnstrument shall bind and benefit t�e successors and assigns of Lender and Borrower, subject to the provisions of ,
<br /> � parag�aph 17. Borrowet s covenanu and agreements shall be joint and several. My Borrower wha co-sigr►s this Security .'�R..=
<br /> Instniment but does not execute the Note: (a) is co-signing this 5ecurity Instrument only to mortgage. grant and convey that � tl' �� ` -?:�:�...'.�
<br /> Borrower's interest in the Property under the terms of this Secwity Instrument:(b)is not personally obligated to pay the sums •��`*d%' ••
<br />„f,�:: secured b this Securi Insuument;and(c)zgrees that Lender and any other Borrower may agree to extend,modify.farbear or ;r. ;.. � � ���'•� .
<br /> `,`, y � ' }I�f�`C;.y�'�i•.—_ _?••
<br /> �'�• make any accommodations with regard to th�terms of tlus Securiry Instrument or the Note without that Borrower's consent. � . __...
<br /> 13.Loan Charges.If the loan secured by this Security Instrument is subject to a!aw which sets maximum loan charges. _ _
<br /> � t ausi that law is finally interpreted so that the interest oe other loan charges coilecie�or to be cotlacted in connection with the -----_=-�--����_���•
<br /> � G?an exceed the pemutted limiu,then: (a)any such lo�eharge shall be reduoed by the amount necessary to reduce the charge � � ••, ;-
<br /> to the permitted limit;and(b)any sums already co]lected from Borrower which exce2ded pemutted limits wiU be refunded to ��� ��
<br /> • .� : ,.:,x. �,. ,_.._:• '�
<br /> �,;;,;:� Borrower. i.e�n3er may choose to make this refund by reduciag the principal owed under the Note or by making a direct x.�'=:,�
<br />`!;�;;1'7 payment to 8ocsower. If a refund reduces principal. the reduction will be ueated as a p�ti�1 prepayment without any _-..;�1;;,��;�'+'''
<br /> :'�•r prepayment chazge under the Note. � : ,��,
<br /> � ''� 14.NoEie�s.Any notice cr�Borrower provided for in this Security Instn�ment sha11 be given by delivering it or by mailing ", ��'`"``
<br />;�y�,�.�, it by first cta`s mail unless applipble law requires use of anosher nielhod.The natice shall be diT�ted to the Pcoperty Address - "��'..�
<br /> {k`'�~•�_
<br />:�;�i,,r or any ather adiiress Bonower designate� �y notice to [.ender. Any notice to Lender shall be g'►ven by first class mail to :' i � ��
<br /> �• °-
<br /> +'• �.er.dei s addr�ss stated herein or any otte:a:aress Lender designates by notice to Borrower. Any notice provided for in this ,��'`•,k` �
<br /> � ''� ave been 'ven to Borrower or Lender when iven as rovided in this parngraph. `�' .�`,_;;
<br /> r Sr•�„_rity lnstrument shall be deemed td h gi � P =,.
<br /> . �#� 1S.Governing Law; SevesabiliRy. This Security Instrtiment shall be govemed by federal law and ¢he law of the :. �^r"{___
<br /> �'.` t jurisdiciion in which the Property is located. in the event that any provision ot clause of this Security Inswment or the Note ��;,�,� �•-
<br /> `��;;���� conflicts with applicable law,such conflict shall nat affect other provisions of this 5ecurity Instrnrnent or the Note which can be ,..�.��_ _��-' ��
<br /> :�•���
<br /> �+�" given effect without the conflicting provis:�n.To this end the provisioc;s of this Security Instru.-r►ent and thc Note are declared - :�a: :
<br /> _. ��� to be severable. • . ;. . =_�
<br /> � 16.Borrower's Copy.Borrower shall be given one conformed copy of the No�e Fi^3 of this Security Instrument. �s..��ti���„,., _-,,,..-�:�,
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