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<br /> payments may no langer bc required,nt the option of L.ender, if mongage insurance coverage(in the amount and for the pedod
<br /> thut Lender requires)provided by an insuter approved by Lender again becomes avallnble und is obtutned. Borrower sliall pay
<br /> thc prenutuns requlaed to malntnin mortgage insurance in effect,or to provide a loss r�serve,until the requirement far mortgage
<br /> insurance ends in nccordance with nny written agreement between Borrower nnd L.end�:r or appllcable law.
<br /> 9. Ir�pectton. Lender or its agent may maka reasonable entries upon And inspections of the Propeny. Lcnder shall give
<br /> Bonower notice at the time of ar pdor to tui inspection specifying reasonable cause for the Inspection.
<br /> L0. Coude�ii�atlon. The proceeds of any avtard or cinim for damages, direct or consequential, in connection with nny
<br /> � condennnatioa or other taking of any part of the Property,or for conveyance in lieu of condemnation, aze bereby asslgnec!and , _
<br /> • •� shall be paid to Lender.
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Securlry Insenixnent,
<br /> �+�`""� � whether or not then due, with nnY eacess paid to Bonowec. In the eveat of a partial taking of the Property in which the fair , .
<br /> ''"'"" `'w murket value of the Property immediately before the taking is equal to or greater than the au�ount of the sums secund by this .
<br /> Sccurity Insuument im�ne.diately hcfore the taking,unless Borrower and L.ender otherwise agree in wrlting,the sums sceurEd by , :
<br /> • chls Securiry Instrument shall be recluced by the amount of the proceeds multiplled by the following fraction: (a) the total ��_,�:;q
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<br /> amount of the sums sxurtd immediately bcfore the taking, divided by (b) thc fair rnarket value of the Property iinmedia�ely ,,�,;_,
<br /> , " before the taking, Any balaace shall Ue paid to Honower. la the event of a partial taking of the Properr� in which the fair ��__
<br /> mazket value of the Property immedlately before We taking Is less than the amount of the sums secured immediately beforc the 6!��"�
<br /> .�.:�.
<br /> talcing,unless Borrower and Lender othenvist agra in writing or unless appllcable law otherwise provides, the procecds shall �=-_
<br /> � � be applied to the sums secured by thia Security Instrumeat whedier or not the sums are then due. --
<br /> • 4 If the Property is abandoned by Borrower,or if, after uotIce by Lender to Bonower that the condemnor offers to make an �____
<br /> M' award or settle a claim for damages, Borrower fails to respond to L.eader within 30 days after the date the notice is given, _
<br /> � Lender is authorized to collect and apply the proceeds. at its option,elther to restoration or repair of the Property or to the sums �
<br /> - � �, , secured by this Securiry Instrument,whether or uot then due. �"`
<br /> Unless Lender and Borrower otherwise agree in writing, any applic.�don of procceds to principal shall not extend or _
<br /> postpone the due date of the monthly payments refeaed to in pazagraphs 1 und 2 or change the amount of such payments. —
<br /> 11.Borrower Not Itelea�sed;Forbearnnce By I.ender Not a Waiver.Extcnsion of the time for paymeat or modiS�ication _
<br /> - of amortizadon of the sums secured by this Securlty Instntment granted by Lender to any successor in interest of Boaower shall _
<br /> not operate to release the liabiliry of Ehe original Borc�ower or Borrower's successors in interest. 1Lender shall not be requirecl to _
<br /> commence proceedinga against any successar in interest or refuse to extcnd time for payment or othetwise modify amortization
<br /> of the sums secured bY thia Sc�►uity Instcument by :eason of any demand made by the orlginal Borrower or Boa�wer's
<br /> - successors in interesL AAy totbearence by ieudcr ui cxcit�lsfug�ty ri86i os iemM��h2l1 n�t he a waiver of or pnclude the
<br /> �` exercise of any r�ght or remedy.
<br /> 12. Suceesso�aad Assigas Bound; Jotnt and Several LiAbi7ity; Co-stgaers. The covenants and agc+eements of this
<br /> ,: •... ..; Security Insuumcnt shall bind and benefit the suc�.essors and assigns of Lender and Borrower, subjxt to the pravisions of
<br /> '`�»;-����.�`-'� puagraph 17. Barrowar's covenants and agreemeats shall be joint and several. Any Borrower who co-signs thls Securlty
<br /> "�:=�A?'��`�'b�' Instrument but does aot ex�cuu the Nota: (a) is co-sigaing this Security Insuument only to mortgage. grant aud convey that
<br />_ __ :;,.�, Borrower's interest in the Peoperty under the terms of this Secvrity Insuument; (b)is not nersonally obligated to pay the sums _
<br /> secured by this Securiry Insaumenr,and(c)agrees that Lender and any other Borrower may agree to ext�nd, modify,forixar or
<br /> ����r�c��.-` r�aice any aceoma�odations with regard to the terms of this SecurIry Instrument or the Note without that Borrower's wnsent.
<br /> •:��:�:" ,.�.- 13.Loan Chnrges.If the loan secured by this Securiry Instrument is subject to a law which secs maximum loan charges,
<br /> u�-� �.'��l•.�y
<br /> ;,�y, �nd that law is finally intetpnted so that the interest or other loan charges collceted or to be wllected in connection with thc
<br /> --���="f'��' loau exceed the perm[tted limlts.then: (a)any suc h loan c hazge s h a l l b e r e d u c e d b y t h e a m o u n t n e c e s s a ry t o r e c l u c e t h e c h a r g e
<br /> y�T��:�� to the perniltted Ilmit: and(b)eaY sums already collected from Borrower which exceeded pera�itted limits wtll be refunded to
<br /> -. __=:�.� Borrower. Lender may choose to malce this refund by c�educing the principal owed under the Note or�}r making a dlrat
<br /> ���-� — - paymeat to Bonower. If a nfund reduces principal, the reduction wlll be tceated ae a partial prepayrment without any
<br /> .L,Y„� pnpayment chaxge under the Note.
<br /> _ 14.Notices. Any notice to Borrower provided for in this S�curity instnunent sl�all be given by delivering it or by mailing
<br /> L �:'_;;a�� it by first class mail uNess applicable law requires use of another method.The aotice shall be dicocted to the Pmperty Address _
<br /> _—�;� or any other address Borcower desi�nates by notice to Lender. My notice to L,ender shalt be given by first class wail to
<br /> -�- L,ender's addrrss atated herein or any other addnss L.endar desigaazes by notice to Boaower. My uotice provided fnr in tble
<br /> ._,.-- —�3` Secvrtty Insaumeat ehall be deemal to have been given to Borcower or Lender when given as provided in tkis ParagraPh•
<br /> :�_,.,.g,_��;�,� 15.Governing Law; Sevexability. This Securiry Insuument ahall be govemed by federal law and the law of the
<br /> �-'=°""';� jtuisdiction ln which the Pcoperty is located. In the event that any provtston or clause of this Security instrument or the Note
<br /> �'"�`�'� conflicts with applicable law,such coaflict shall aot affect other provisions of this Security Instrumeat or tine Note which can be
<br /> ===���'�`=�� given effect without the contlictflng provision.To this end the provisions of this Security Insuument and the Notc art dcelarul
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<br /> �`• ��f to be stverable.
<br /> ""'"��' 16.Borrower's Copy.Borcower shall be given one conformed copy of the Note and of this Securiry Insmiment. _
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