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<br /> ' • `•� �•� , .payaieats may no longer be required,at the optioa of Lender.if mortgage in��.ance coverage(in the amount and for the periad � � , A , ` . .
<br /> .�-: that Lender requir�zs)provided by an insurer appmved by Lender again bewmes available and is obtained. Borrower shall p y n , .
<br /> _��rt ��p�����n,a;nr��n mortgage insurance in effect,or to provide a loss reserve.imtil the requirement fox mongage p _ � � _
<br /> . ins�rance ends in aceordance with any written agreement between Borcower aad I.ender or appllcable law. v � '.: �: .
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<br /> , . 9.Inspedion.I.ender or its agent may make reasonable entries upon and inspec6ons of the Properry.I.eader s6all give�
<br /> Borrower notice at the time of or pri�r to an inspecdon specifying reasonable cause for the inspection. ` ��„
<br /> . . 10. CondQmnat�on.The proceeds of airy award or claim for damages, direct or oonsequential> in wnnection with any� _ ... . .
<br /> ` condemnation or other tairing of any parc of the Prop�ccy,or for conveyance m lieu of conde¢�ation,are herebY assigned and , -
<br /> ' • _ sha11 be paid co Lender. � ..k�•���...`,,
<br /> In the event of a total taking of the Property.the pmceeds shall be applied to the sums secuied bY tbis Securitl+Instrument, � �°s� . .
<br /> � " -� wIsether or not�n due,with aay excess paid to Borrower. In the event of a partial ra.�of the Pmperry in wiucIi the fair� .. °;��-';- .,
<br /> ' - marlcet value of the Propeiry immediatetY before the taking is equal to or greater than the amount of the sums secured by this C11 '�'�-:°=
<br /> the sums secured by� -,'�1�= .
<br /> � � Secutiry Inserumaat innmediately beYor�tiie taking,unless Borrower and Leader otherwise agree in wricing, _ _ ;:;�';
<br />� � g��y, �uument sha11 be reduced by the amount of the proceeds multiplied by the following fraction: (a) the toral� .. _
<br /> � �: amount of the sums secured immediately before the taking,divided by (b)the fair marIcet vatue of the propemy immediate1Y .':,•�-:-•,
<br /> � `�'F before the taking. Any halance shall be paid to Borrower. Ia the event of a paztial talm�g of the Propercy in which the fair ", ;;,•::i.,;_�
<br /> `- � � market value of the Pc�perty im�mediatetY before the talQng is less than the aznount of the soms secured immediateiy before the , ,.•: . '.'���
<br /> � � taking,unless Borrowar and Lender otherwise agee in wridng or unless applicable law othernrise provtdes.the proceeds shall ---. _ . �:_i
<br />' . be applied to the sums secured by thfs Security Instivmment whether or not the sums are then due. �"
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<br /> • : ; If the Property is abandoned by Borrawer.or if,after notice by Lender to Borrower that the wndemnor offets to make an .'":• �---
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<br /> - award or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the date the norice is given, . , s .., ,,f,�,
<br />- . ; '", " ':""t Ixnder is authoriud w coAect aad aPP1Y the praweds,at its option,either to restoration or repair of the Property or to the sums ' �n�•,,
<br /> T � secured by t6is Security Insuument,whether or not then due. :;��`�
<br /> 5 : lication of roceeds to rinci al sha11 not eatend or .. -"°:F�
<br /> ..�. Unless L,ender and Borrower othezwise agce in wciting, anY aPP P P P
<br /> �} . . , � postpone the due date of the momhty payments referred to in paragraphs 1 and 2 or change the amouat of such payments. •.�'
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<br />`,- , . .� 11.S orrower Noi Released;For6earence By Lender Not a Waiver.Extension of the time for payment or modifi�atioa :°��:<��-:
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<br />! �,.' ' 1 of amoniration of the sams secured by chis Securiry Instrument granted by Lender to any successor in interest of Eorrower shaU , :_ ,�--
<br /> • �, not operate to release the liability of the original Borrower or Boaower's successors in interest.Lender shall not be required to •.`',a�=r`-
<br /> ��mence pmceedings against aay successor ia interest or refiue to eatend time for payment or otherwise modify amortization ,'•:.��,,.
<br /> � � - of 1he 5ums secured by Ihis Seculity in �.++. t by reason of auy demand made by the original Borrower or Borrower's ;.:;�
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<br /> , -- successors in iaterest. Aay forbearance by 1.ender in exercising any r�glit or remedy shall not be a aaiver of or preciude the :•;�.
<br /> •• exercise of any right or remedy. . � `°
<br /> ,. . ' � 12. 5accessois and Asstgn4 Bound;Joint and Severa! Liabillty;Co-stgncas. 'flte covenants aad ageements of this ;.'.���-
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<br /> Security Insuument shail bind and benefit the successors and assigns of L.ender and Borrower,subjecc to the provisions of .` �' � -
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<br /> .,` � paragraPh 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Secuttty ..• :�';,ti :'.,��_
<br />• Ins[rument but does not execute the Note: (a) is co-signing ttiis Securiry Instniment only to mortgage,grant and convey that . _
<br /> � . . Borrower's interest in the Property under the terms of this SecurIty lnstrument;(b)is not petsonally obligated to pay the sums '„:::.. :'�«_
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<br /> � � secured by this Security Instrument;and(c)agees that Lender and any osher Borrower may agree to entend.modify.forbear or e :�:
<br /> . . malce any ascommodations wid�regard to the terms of this Security Instiument or the Note wi[hout that Bosrower's consent. ,�; '�;, :���-_•_
<br /> . • ��� 13.Loan Charges.If the loan secured by this Securiry Insnument is subject to a law which seu maximum toan charges, ;'` .
<br /> and that law is finally interpreted so that the in[erest or other loan charges c.ollected or to be coUected in conaection arith the ;''x`•:
<br />�-� ' •`� loan eaceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> ' ' to the pemritted limit:and(b)any sums already collected from Bonower which excceded permitted limits will be refunded to • -
<br /> � ' . Borrawer. l.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 /> � ,; prepaymeat charge under the Note. , ,
<br /> , 14.Nottces.My notice to Borrower provided for in this Secvrity lnstrument shall be given by delivering it or by mailing , :
<br /> � it by first class mail unless applicable law requires use of another metltod.The notice shall be directed to the Property Address .
<br /> • ' or any other address Boaower designates by notice to Lender. Any notice to Lender shall be given by flrst class mail to
<br /> � Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this . . ..
<br /> � . � Securiry Insuumeat shall be deemed to have been given to Borrower or l.ender when given as provided in this paragraph. �
<br />... .: . • 15.Governing Law; Severa611ity. This Security Instrument shall be govemed by federal law and the law of the . .
<br /> •., jurisdiction in which the Property is located. ln the event that any provision or clause of this Securiry lnstsument or the Note ,.
<br /> .. ' conflicts with applicable law,such conflict shall not affect other provisions of thls Securiry lnstrument or the Note which can be
<br /> : given effect without the conflicting provision. To this end the provisions of�his Security lnstrument and the Note aze declared
<br /> ' �. to be severable. � • �•
<br /> � � 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Securiry fnstrument. :
<br /> _.' Form 30 919� . .
<br /> � , �-6VINE1 i92�ai o� Vage4 of 6 m�nai .
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