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<br /> � � :. ` � at the option of Lender. if mortgage insurance wvecags (in the amount.and for the penod �t I.ender requires� ��� i
<br /> , � . f provided by an insurer approved by Lendes again hawmea available and is obtained.Borrower sha11 pay the premiums _ . ,
<br /> required m maintain mortgage insurance in effecc,or w provide a toss reserve, untit the requirement far mortgage � ,
<br /> ' � � � � insurance ends in accordance with any written agreement betaeen$orrower and Ixnder or applicable law. ( �� ` .,�. .
<br /> _� � �� � 9.Inspectioa.Lender or its agent may make reasonable entries upon and inspections of the Property.Lender shatl c • . ' ,
<br /> give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the iaspection.
<br /> 10. Condemnation.The proceeds af any award ar claim for damages,direct or consequential,in cunnection with
<br /> , - �—```���- � any condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation.are heceby - • .� , �,
<br /> _ . a s s i gn e d a n d s h a 1 1 b e p a i d t o L e n d e r. • '. �
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the suma secured by ttus Secwity . `Y'. �
<br /> �+ . � Instrument,whether or not then due.with any egcess paid w Bortower.In the event ot a partial taking of the Property in � �
<br /> � • which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the . `
<br /> ', ' sums secured by this Security Instrument immediately before the taking,unless Borrower and Lender otherwise agreE ' � '
<br /> � j in wriring,the sums secured by this Security Instrument shall be reduced by the amount of the ptoceeds m�uttiplied by ° � '
<br />_ � �:i the foliowing fraction:(a)the toial amount of the sutns secured immediately before the taking,divided by(b)the fair , �
<br />�� . : � <�i market value of the Property immediately before the taking.Any balance shall be paid to Borrower.In the event of a -,
<br /> _ � . ' '`� partial taking o4 the Property in ivhich the fair market value of the Property immediately before the taking is les4 than -• :: .�.
<br /> - ��<<� the amount of the sums secured immediately before the taking,unless Bonower arcd Lendet otherwiseagree in writing .. ' :,�'. . �
<br /> • � or unless applicable law othervrise provides, the proceeds shall be applied to the sums secured bq this Se�urity � -
<br /> < Instrument cvhether or not the sums are then due. • ''�
<br /> - . If the Property is abandoned by Borrower.or if,after notice by Lender to Barrower that the condemnor offeis to ' _
<br /> � make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the ` =-
<br /> - notice is given,Lender is authorized to co}lect and apply the proceed.s,at ita option,either to restoration or repair of the ���-
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<br /> ` . . ' -; ' Praperty or to the sums secured by ttus Security Instrument,whethet or not then due. "�"-� �;�:.�'s;
<br /> _ . , : 4 ,: Unless Lender and IIurrower othernise agrce in writing,anY aPPlication of proceeds to principal shall not eatend or r ��;
<br /> � � " postpone the due date of the monthly payments referred w in paragraphs l and 2 or change the amount of such ' � _
<br /> "� paqments. ' t"` —
<br /> � -� i l. Banower Not Reteased; Forbearaace By Lender Not a Waiver.Estension of the time for payment or ��'.�--'�'.;-�"
<br /> � . . modification of amortization oi the sums secured bq this Se�n�ity lnstrument granted by Lender ta any successor in � _�-
<br /> ' ; interest of Botrower sha11 not operate to release the liability of the original Borrower or Borrower's saccessors in � � �-'`�?
<br /> interest.Lender shali not be required to commence proceedin�against any successor in interest ar refuse to extend � ` T-�
<br /> `' �'� time for payment or otherwise modify amortization of the sams secured by this Security Ir�sttument by reason of any • � ---
<br />''; � < �'t'�� demand made by the original Borrow�r or Borrower's succes�rs in interest.Anq forbearaace by Lender in eserc'ssing , `�-a�__
<br /> ""`� any right or remedy shall not be a�aiver o f or psec lu de t he exercise o f any ri g ht os rem e dy. • - ��
<br /> ,��.� . � 12,Successors and Assigus Bouad;Joint and Several Liability;Co-signera.The covenants and agreements ,��; �:. .�.�:.�;� �
<br /> `�;• • of this Security Instrument shatl bind and ben�t the successors and acs�gns of Lender aad Borrower,subject to the ' `�.'-•�:
<br /> �``� provisions of paragraph 17.Borrowei's covenants and agreements shall be joint and several.Aaq Bormcver who co'signs �� � �`��:�
<br /> . j this Securitq Insttument but does not esecute the Not�(a) is co sign'sng this Sectrrity IrLmument only to mortpge, � � .-%=:��'
<br /> , . gcant and convey that Borrower's interest in the Property under the tesms of this Security Instrument; (b) is not � "'S�;=
<br /> • personally obligated to pay the sums ser.ured by this Security Instrument;and (c)agcees that Lendet and any other ` `�•'���:��
<br /> Bonower may agree to extend,modify,forbear or make any accommodations with regard to the terma of this Security ����'�'�"'
<br /> ,.' . Inatrument or the Note without that Bonower's consent. •_ . �'��`
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<br /> �<, 13. I.aan Charges.If the loan secured by this Security Instrument is subject to a law which sets masimum loan . �.�'."'�
<br /> '. . charges. and that law is finally intesp-eted so that the interest or other loan charges co3lected or to be collected in ' ""�`
<br /> ' connection with the loan eaceed the permitted limits.then: (a)any such toan chatge shall be reduced by tha amount � u��.:
<br /> • , necessary to reduce the charge to the permitted limit;and (b) any sums already collected from Borrower which .�, ' ''"'
<br /> �'��' exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by seducing the � :�• � .'
<br /> ���'� � • principal owed urtder the Note or by making a direct payment to Bonower.If a:efund reduces princlpal,the reduction � � T
<br /> � ` t wi11 be treated as a partial prepayment without any prepayment chatge under the Nots. � --;..-:.
<br /> � 14. Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by • '
<br /> .:'; � • . � mailing it by firet clas9 mail unles9 applicable law requires use of another method.l'he notice shall be directed to the , . .
<br /> ' • Property Addresg or any other address Borrower designates by notice to Lender.My notice to Lender shall be given by - � • •
<br /> • � iirst dass mail to Lender's address atated herein or any other address Lender designates by notics to Botrower.Any �
<br /> � • notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given • •
<br /> � ' as provided in this paragraph. '
<br /> ;�.; . , ' 15. Governing Law:5everability.This Security Instrument shall be governed 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 Security lnstrument or the - • ��
<br /> Note conilicts with applicable law�such conflict shall not affect other provisions of this Security lnstrument or the Nots
<br /> `�y'•.. � which can be given effect without the conYlicting ptovision.To this end the provisions of this Security Instrument and ' � � . �. •
<br /> ° the Note are declared to be severable. .
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