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<br /> , _ '� at the opuon of Lendet. if mortgage insuraace covetage (in the amount and�os �e penod that Lender tequirrs) . ;
<br /> .$ provided by an insurer approved by Lendet again becomes availabte f►nd is obtaintd.Borrower shall pay the premiums �,
<br /> _, ` �� � r e q u i r e d to maintsin mortgage insw'ance in effect,or to provide a loss resene. until the requirement for mortgage
<br /> � � j insurance ends in aa�rdance with any written agreement b e tween B o r r o w e r a n d L e n d e r o r a p p l i c a b l e l a w. �d�shalt - � .
<br /> � � 9.Inspection.Lender or its agent may make reasonable entries upon aad inspa.Kions of the ProgertY-
<br /> . -. .�� give BarroRer nntice at the time oi or prior to an inspection specifying reasonable cause for the inspection. � _
<br /> - 'u-� t0.Coademaation.The proceeds oi any a�+rard or claim for damages,direct or wnsequential,in connection with ` -- - - - .
<br /> a n y c o n demnation or other taking of any part of the Property,or for conveyance in lieu of condemnatinn,ace hereby
<br /> _ ' assigaed and sha11 be paid to Lender. . .. ,.
<br /> ' In the event of s total taking of the Property,the praceeds shalt be applied to the sums secured by this Security . .
<br /> ' ` `� Instsument.�vhether or not then due,�vith any escess paid to$ortower.In 4he event of a partiai taking of the Ptoperry in . . _ ..
<br /> � which the fair market vaiue o4 the Property immediately before the taking is equa!to or gteater than the amount of the
<br /> � � sums secured by this Security Insttumeat immediately before the taking.unless Borrowe�'and 1.eader othernise agree - � ��
<br /> . � . in writing,the sums secured by this Security Instrument sl�all be reduced by the amount oi the proceeds multiplied by � ,�.�
<br /> ` . the follo�ving fnction:(a?the total amount of the sums secured immediately befote the taking,d�vided by (b)the fair ;�4`; .µ.,
<br /> � • ' market value of the Property immedistely before the taking.Any balance shall he paid to Borrower.In the event of a ,,_Jt
<br /> , partiat taking oP the Property in which the fair matket value of the Property immediately before the taking is less than ���_�rt_,.
<br /> ' � the amoui}t ot the sums secured immediately before the taking,unless Borrower and Lender otherwise agree in writing • '°�:�-
<br /> � , :� or u n less app licab le law otherarise provides, the proceeds shall be applied to :he sums secured by this Security L `;� ,� .
<br /> : � Instrumeat whether or not the sums are then due. . � � �s
<br /> If the Pcoperty is abandoned by Borrower,or if,after notice by Lender to Horrower that the condemaor offers to .. � `;�,
<br /> . � :..,.� make an awatd or settle a claim fot damages, Horrower fails to respond to Lender within 30 days afcer the date the - _� . _t—_
<br /> n otice is g iven.Lender is sutharized to collect an d app 1y t he pra c e e d�,at its o p tion,either to restosatioa ar repair oi the :.
<br /> ' . . .�`•' property or to the sums secured by this Security tnstrument,whether or not t hen due. • , .-°,�_�
<br /> - U n less L e n d e r a n d Borrower otherwise a g r e�in writing,any application of proceeds to principal shall not extend or :�.—
<br /> ' .. ��� pastpone the due date of the monthly payments re4erred to in paragraphs 1 and 2 or change the amount o f suc h • `�.'=�._;
<br />-. � ` �Ymeuts. ..�._ �.�-ti;:`..'.;
<br /> - ; E��.4_._.-al:
<br /> I1, Bonowet Not Released• Forbearance By Lcnder Not a Waiver.8sten.�ion of the time for payment or �:-�; f.
<br /> `� modifcation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in , �,,,_
<br /> ; interest of Borcower shali not operate to telease the liabilitp af the ori nal Borrower or BorrowePs successore in ; �„
<br /> • ' � interest.Lender shall not be required to commence proceedings against n y suxe�or in intetest or refuse to estend . � �,��` ^
<br /> � time for payment ar otherwise modify amortization of the sums secured by this Security Insttument by reason of any 5.::,.�=,_
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<br /> � demand made by the original Borrower or Borrower's successors in interest.Any foYbeatance by Lender in esercising ,��-.__..
<br /> ���,
<br /> � any rigt►t os remedy shall not be a waiver of or preclude the exercise of any right or remedy. ;��-__•.
<br /> 12.Successors and Assigus Bouad:Joint and Several Liability;Co-signers.The covenants astd agreements ,;:-�.��;�
<br /> of this Se�urity Instrument shall bind and ben�t the successors and assigns of Lender and Horrower,subject to the _�_;r;r.;., ,.,�
<br /> , � � provisions of paragraph 17.Borrower's covenantsand agreements sha116e joint and several.Any Borrower who co'signs _ ...�+;'�:
<br /> this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only w snortgage. ,°•;��=.
<br /> ' grant and convey that Borrower's interest in the Property under the terms of this Security Insttument; (b) is not ,::.��`_
<br /> . personally obligated to pay the sums secured by this Security Instrument;and (c)agee.s that I,ender and any other �;�f�
<br /> Borrawer may agree tn extend,modify,forbear or make any accommodations with regard to the terms of this S�curity , . . � yx�-...
<br /> �• Instrumentor the Note without that Bonower s consent• .' �'����'
<br /> :.;��.,
<br /> 13. Loan Charges.If the loan secured by this Security Instrument is subject to a law ahich sets maximum loan .;�:
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<br /> ,;• � • chatges, and that law is finally interpreted so that the intesest or othar toan charges colle�ted or to be collected in • . ,,. :
<br /> -, � ' �� connection with the loan esveed the permitted limite,then: (a) any suah loan charge shall be reduced by the amount ��. �
<br /> �.�s_.
<br /> ,} n�ry to reduce the charge to the parmitted limit; an d (b) any sums a l r e a d y c o l l e c t e d i r o m B o n o w e r w h i ch ' : :r
<br /> . � escceded permitted limita wiU be tefunded to Borrower. Lender may choose to make this reiund by reducing the �- - - I
<br /> principal owed under the Note or by making a direct payment to Borrower.I f a re Yun d r e duces princi p al,the reductian
<br /> � • ' � will be treated as a partial prepayment without any prepayment charge nnder the Note. ,
<br /> � � i4. Notices.Any notice w Borrower grovided for in this Security Instrumentshall be given by delivering it or by , .
<br /> � ; ,� mailing it by �rst class mail unless applicxsble law requises use of anather method.The notice shall be directed to the •
<br /> � Property Address or any other address Borrower designates by notice to Lender.Any notice to Letrder shall be given by
<br /> Prst ciass mail to Lenders address stated herein or any other address l,endes des'sgnates by notice to Horrm�er.Any ,� .
<br /> � �� notice provided for in tAis Security lnstrument shall be deemed to ha�'e been given to Borrower or Lender when given ,
<br /> - � as provided in this paragseph.
<br /> '. . 15. Governiag l.aw;Severability.This Security Instrumentshall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located.In the event that any provision or clause o4 this Security Instrument or the ,
<br /> Note canflicis with appliceble law.such conilict shall not affect other provisions of this Security]nstrument or the Note
<br /> which can be given ef4ect without the confliccing provision.To this end the ptovisions of this Security Instrument and .
<br /> ' the Note are declared to be severable.
<br /> � Form 302 9 .
<br /> � �� V�p�4 e1 B . .
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