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<br /> payments may no l�nger be required, at the optiun of l.ender, if mortgage insurance coveraFe(in the amaun[and for the period
<br /> thut l.ender requires) provided by an insurer approved by l.ender again becomes available and is obcained. Bonower shall pay .
<br /> the premiums required to main[ain mortgage insurance in effect,or to provlde a loss reserve,until the requiremem for mongage _
<br /> , insurunce ends in accardance with any written agreement between Bonower and Lender ar applicable law. . .
<br /> 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lxnder shall give , ,�,�
<br /> Borrower no[ice at the time of or prior to an inspection specifying reasonable cause far the inspection. �..j�,, ''"� -
<br /> 10. Condemnadon. The proceeds of any award or claim for damages, direct or consequential, in connection with any , :•f,,�;�°�t�ttl�
<br /> condemnation or other taking of any part of the Propeny,or for conveyance in lieu of condemnation,are hereby assigned and . . ���-�,.,�:_�
<br /> shall be paid to Lender. °,-��'-.��~= —
<br /> In the event af a total taking of the Property,the proceeds sliall b$applted to the sums secured by this Securiry Instrument, �
<br /> whether or not then due, with any excess paid to Rorrower. In the event of a partial taking of the Properry in which the fair �;�:-
<br /> markct value of the Property immediately before the taking is equal to or greater than the aniount of the sums secured by this !��{a��
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<br /> Security Instrument immediately before the taking, unless Bonower und Lender otherwise agree in writing,[he sums secured by •. �. _
<br /> this Srcurity Insti�ument shall be reduced by the amount of the proce�ds multiplied by the following fraction: (a) [he total
<br /> amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Properry immediately �•`
<br /> before the taking. Any balance shail be paid to Borrower. In the event of a partial taking uf the Property in which the fair � ".�'��:."-
<br /> market value of the Property immediately before the tal:ing is less than the amounc of the sums secured immediately before thc •.
<br /> taking, unless Borrower and L.ender otherwise a ree in writin or unless a licable law otherwise rovides, the roceeds shall �'�t��
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<br /> � be applied to the sums secured by this Securi[y Instrument whether or not[he sums are then due. :, .
<br /> If the Propeny is abandoned by Borrawer,or if,after notice by Lender to Bonower that[he condemnor offers to make an �t;,,'
<br /> �• award or settic a claim for damnges, Bonower fails to respond to I.ender within 30 days after the date the notice is given, , .°'�
<br /> l.ender is authoriud to collect and apply the proceeds,at i[s option,either to restoracion or repair of the Properry or to the surns '�' .¢___
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<br /> � � sccured by this Security Instrument, whether or not then due. !��'
<br /> � Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or -
<br /> — �stpanc ths duc datc of t}:�monsttl3 payment� refermd to in paragraghs 1 an��or change che amount of such payments. � ��==
<br /> � 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification '3 ��i�
<br /> • of umortization of che sums secunci by this Secudty Instrument granted by l.ender to any successor in interest of Bonower shall �`�°-
<br /> not operate to release the liability of the original Borrower or Bonower's successars in interest. Lender shall noc be required to �'�-
<br /> .�•. commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization ��'
<br /> V of ihe sums secured by this Security InstNment by reason of any demand madc by the original Bonower or Borrower's s�.`
<br /> successors in interest. Any forbearance by Lender in exercising any rtght or remedy shall not be a waiver of or preclude the ,;;;
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<br /> " exercise of any right or mmedy.
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<br /> �,: 12. Successors and Assigns Bound;Joint and Severel Liabllity; Co-signers. The covenants and agreements of this
<br /> y. Security Instrument shall bind and benefit the successors and assigns of l.ender and Borrower, subject to the provisions of _
<br /> paragraph 17. Bonower's covenants and agreements shall be joint and several. Any Bonower who co-signs this Security o_
<br /> i� Instrument but dces nos execute the Note: (a) is co-signing thts Security Instrument only to mortgage, $rant and convey that =:
<br /> .. Bonowcr's interest in the Propeny under the terms of this Security Instrumenr (b) is not personally obligated to pay the sums ��
<br /> . secured by this Security Instrument; and(c)agrees that Lender and any other Bonower may agree to extend, modlfy,forbear or r�
<br /> make any accommodations with regazd to the terms of this Security Instrument or the Note without that Borro�ver's consent. N
<br /> Y13. I.oun Charges. [f the loan secured by this Security Instrument is subject co a law which sets maximum loan charges, _ --
<br /> �u►d that law is flnally interpretcd so that the interest or other loan charges collected or to be collected in connection with tLe _,__
<br /> � �. loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge _ _
<br /> to the permitted limit; nnd (b)any sums already collected from Borrower which exceeded permitted limits will be refunded to -
<br /> � Borrower, i.,ender may choose to make this refund by reducing the principal owed under the Note or by making a direct _ _
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any `'-,�:
<br /> � y prcpayment charge under the IVotc. '�``•""4 .
<br /> � l4.Notices. Any notice to Borrower providcd for in this Security Instrument shall be given by dclivcring it or by mailing J�ry.
<br /> � it by first class mail unless applicable law requires use of another method. The notice shall be direcced to the Property Address "� ,. ;f:�.,:;�:'•;._.
<br /> ! or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to �
<br /> �� Lcndcr's address statcd hcrcin or an other address Lender desi nates b notice to Bonower. An notice rovided for in this � � ��`..V .
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<br /> I 5ccu�ity Instrumant shall bc decmcd to havc bcen�iven to Bonower or L.ender when given as provided in this pazagraph. •� . "��•• ".
<br /> � l5.(�uvernin�; Luw; Sevcrt�bility. This Security [nstrument shaU be �ovemed by federal law and the law of thc
<br /> �uritiJiction in which ttie Propeny is lucated. In the event that any provision or clause of this Security Instrument or the Nae
<br /> � cuntlicts with applicable law, such contlict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> givcn cffec� withuut the contlicting provision. To this end the provisions of this Security Instrument and the Note are declared `
<br /> Iu bc srvrrahlc. '
<br /> 16. Rorro�ver's Copy.Bvrrower shall be givcn one conformed copy of the Note and of this Securiry Instrument.
<br /> Form 30��9�9� L _. _..
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