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<br /> paym�nts muy no longcr bc requircd, at thc uptian of l.ender, if mongage insurunce coverage (in the amount und for thc period _
<br /> thut l.c:ndcr rcyuircti)pruvidal by an insurcr appr�ve�i hy l.ender again bccomes uvailable and is obtuined. Borcower shall pay
<br /> � the premiums reyuired to maintain mortgngc in�urunce in effect,or ta pravide a loss reserve,until the requirement fur ma��tgubc .
<br /> � ' insurance enJs in accordunce with uny written ngrecment between Borrower und L.ender ar npplicable law. •��
<br /> • - q, Inspcctfan. l.endcr or its agcnt may muke rcasonablc entrics upon and inspections of thc Property. l.ender shall give .
<br /> Borrower notice at the time af or prior to an inspection specifying rcasonable cause for the inspcction.
<br /> 10. Cond�mnntion. The proceeds of any uward or claim for damages, direct or consequential, in connection with any
<br /> • candemnsstion��r�+ther tnking nf any part of the Property,or for conveynnc.e in lieu of condemnation, are hereby assigned and ;,;..
<br /> shnll bc paid to Lcndcr. '-.`
<br /> In the event of u tota!taking of tha Property.the proceccis shall be upplied to the sums secured by this Security Instrument, ';,y.;.'"
<br /> '' whcther or not then due, with any excess paid to Borrower. In thc evcnt of u partial taking of the Property in which the fair :j_
<br /> • " market value of the Propeny immeciia[ely before the taking is equal t�or gre,�ter than the amount of the sums securcd by this •,4t_
<br /> .. ,. Security Instniment immediatcly before the taking,unless Borrower and l..ender otherwise agree in writing. the sums secured by .
<br />_ _ � this Securiry Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: (a) the total �'':_.
<br /> � amount of the sums sccured immediately beforc ►he taking, divided by(b)the fair market value of the Property immediately �
<br /> � � befom the taking. Any balance shall be ptud to Horrower, In thc event of n partial taking of the Property in which the fair !�_
<br /> market value of the Propeny immediately before the tuking is Icss than the amount af the sums secured immediately before the �_-
<br /> ,-r,• ;��Y�. taking, unless Borrower and Lender otherwise agree in writing arunless a�plicuble law otherwise provides,the proceeds shall �,,,,.
<br /> � be applied to the sums secured by this Security Instrument whether or not the sums are then due. �
<br />. �.t„�±�� If the Property is nbundoned by Borrower, or if,aftet notice by l.ender to Borrower that the condemnor offers to makc an
<br /> %�'�,��:r`; awurd or scule a claim for dnmages, norrower fails to respond to I.ender within 30 days after the date the notice is given, --
<br /> '"'�`''�' ` Lender is authoriied to callect and apply the proceeds,at its optian,either to restoration or repuir of the Property ar to the sums —
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<br /> -=" "•� 3 • secured by this Securiry Instrument, whether or not then due.
<br /> "'•"�`` :• Unless L.ender and Bonower otherwise agree in writing. any npp�ication of proceeds to principal shall not extend or
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<br />:,�!v;'; postpone the due date of the monthly payments referred to in paragmphs 1 and 2 or change the amount uf suc payments.
<br /> --°��`•: I1. Borrower Not Hciessed; rorber�raiice Sy Ltr.de=?��'- °-wnivpr.Fxtension of die time for puyment or modification
<br />_��:°:.;,M,�-� . of umortization af the sums secured by this Securiry [nstrument granted by Lender to any successor in interest of Borrower shull
<br /> --;;,�,„;� not opernte to release the liability of the originul Borrower or Bonower's successors in interest. Lender shall not be ret{uited to
<br /> --_-- commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify umortizntion
<br /> = of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's
<br />----- � — successors in interest. Any forbearunce by Lender in exercising any right or remedy shall not be a waiver of or preclude the _
<br /> �� • exercise of any right or rcmedy.
<br /> - 12. Successors and Assigns Bound; Joint and Severa� LluBtllty; Co-slgners. The covenants s�nd ngreements of this
<br /> �` �-�� Security Instrument shall bind und benefit thc successors and assigns of I.ender and Bonower, subject ro the provisions of
<br /> — paragraph 17. Bottower's eovenunts and agreements shali bc joint and several. Any Burrower who co•signs this Stcuriry
<br /> Instrumcnt but does not executc thc Note: (a) is co-signing this Security Instrumcnt only to mongagc. grant und convey that
<br /> Borrower's interest in thc Property under the terms of thls Secarity lnstrument;(b)is not per�onally obligated eo pay the sums
<br /> • secured by this Security Instrument;and(c)agrees that Lender ttnd uny other Borcower muy agree Qu ext�nd,modify,forbear or
<br /> �� make any accommodations with regnrd to the terms of this Security Instrument or thc Note without thut Borrower's consent.
<br /> 13. Loan Charges.If the loan secured Uy this Security Instmrnent is subject to a!aw which sets maximum loan charges,
<br /> and that law is finally interpreted so that the interest or other la�n charges collected or to be collected in connection with the
<br /> �� loan exceed the permitted limits, then: (a) any such loan charge shnll be reduced by the amount necessary to reduce tlie charge
<br /> to the permitted limit; and(b)any sums nlready callected from Borrower which exceeded permitted limics will be refunded to
<br /> Bonower. Lender may choose to make this refund by reducing the principal owed under the Note ar by making a direct
<br /> payment to Hottower. If a refund reduccs principal. che reductian will be treated as u partial prepayment without any
<br /> prcpayment charge under thc Note.
<br /> �� 14.Notices.Any notice to Borrower provided for in tNis Security Instrument shull be given by delivering it or by mailing
<br /> it by first class mail unless applicable law requires use of another method.The notice shull be directed to the Properry Address
<br /> —°°-- or any other address Bonower designates by notice to i.ender.Any not(ce to Lender shall be given by first class mnil to
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