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<br /> . � payments may no longer be required,at the opdon of Lender. if mongage insurance coverage(in the amount and for the peiiad - ; ' '.'
<br /> . that Lender requires)Provided by an insarer appmved by Lender agaia becomes availabte aad is obtained.Bomower shall paY
<br /> �e p��nmc�q�¢d to maintain martgage insurance in effect,or to pmvide a loss reserve,until thc recluirement for mortgage . . ,
<br /> � . _.� ���nds in accordance with any written agreement between Bomower and Lender or applicable law. __.
<br /> � -=-;"�' 9.Iwpedion.Lender nr its agent may make reasoaable entries upon and inspecdons of the Property. Lender shall give - _--
<br /> , � Borrower notice at the time of or prior to aa inspecxion sPecifying reasonable cause for the inspection. " ,•E:T �
<br /> ` . 10.Caadennadon.The proceeds of any award or claim for damages.direcc or oonsequential, in wnnection with any • . .<- ..s :���.
<br /> � � condemnation or other talang of any parc of the Property,or for conveyance in lieu of conde�atioa,are heneby assigaed and . _ , _
<br /> . . shall be paid co Lender. - .. �..i;�;�'_
<br /> ' Iu the event of a total taldng of the Properry,ihe prooeeds shall be applied co the sums secured by this Seauiry Instiumeat, , _ •... ,'�,-
<br /> ' ' whether or not thea due,with any excess Paid to BOn°a'er. In the event of a partial taldng of the Property in which the fair ` -Y.;�,_
<br /> ,- , .'�; market vatue of the Pmgerty immediately before the taldng is equal to or gceazer than the amount of the sums secured bY this . ;. �,�.,.
<br /> Securiry Instrument immediately 6efore the takmS,unless Borrower and I.ender othenvise agcee in writing,the sums serured bl► ._�:_-,: :
<br /> : { this Security !� �m t shaU be reduced by the amaunt o f t he p r o c e e d s m u l t i p li e d b y t h e f o ll o w i n g fr a s x i o n: (a) t h e t o t a l •, :s,�_:.�
<br /> � amount of the snms secvred immediately before the taking,divided by(b)the fair markec vatae of the Property immediazely . � � _ -
<br /> • � before dihe tatdng. Aay balance shall be paid to Borrower. In the event of a partial talung of the Propert3+in which the fair -s:'` `•.
<br /> . • markec valus of the Property imm�diately before the taking is less than the amount of the sums secured immediately before the _: ;.: .: `,;-
<br /> - taking,unless Borrower and I.ender otherwise agrce in writing ar nnless applicable law otherwise pmvides,the pmceeds sha11 `
<br /> � . . be agplied to the sums secured 1+!►this Securiry Instrument ahether or not the svms are thea due. ..� ` _ -_-
<br /> ecu i
<br /> ' . - If the Pmperry is abandoned by Borrower,or if,after notice by Lender to Borrower tbat the coademnor offecs to make an __ .�-�'.��,�:�c,
<br /> � .�''.�� award or settte a claim for damages, Boaower f a i l s to respo n d t o L e n d e r w i t h i n 3 0 d a y s a ft e r t h e d a t e t h e n o t i c e i s g i v e n. � ':: _�._.'-_
<br /> . . .. ; Lender is authorized to collect and apply the pmceeds,at its op6on,either to ceswration or repair of the Property or to the sums � �"�':
<br /> �-_-
<br /> � . ` sectued by this Securiry Instiument.whcther or not then due. � •• 'r-�;"��
<br /> ' lication of mceeds to principal sLall not eatend or •• .S.:; •':�.-_
<br /> . : ITnless Lender and Borrower otherwise agree in writinS, a�►Y aPP� P ',
<br /> • '�.�,; � �•-
<br /> . postpone the due date of ttte monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. . -:: .;".:'�.:v_
<br /> � � 11.Borrower Not Released;Forbearance Sy 1.ender Not a Waiver.Factension of the time for payment or modificatioa �.=�:��_.
<br /> . I.euder to an successor In Interest of Borrower shall ''':,'=�1.-` :�'`.
<br /> . of amortization of the sums secured by this SecudrY Instrument granted bY Y , ,r;;�y�_
<br /> ��,..
<br /> � not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shail not 6e reqnired w : ,,,�`��:,��',i�.-�
<br /> , . . commence ploceedings against any successor in inteiest or refuse to extend dme for payment or otherwise modify amortiratlon ;� �;T;
<br /> - � � of the sums secnred by this Securiry Inswmeiu by reason of any demand made by the original Borrower or Borrower's �r:r
<br /> , � successoss in interest. Any forbearance by Ixnder in exercisin arry rig6t or remedy shall not be a waiver of or preclude the � ;:��.�-
<br /> 8 ��.�_
<br /> ' � ' ` exercise of any rlght or remedy. , � ',�.'tl�'.
<br /> -- • . It. 3uscesso�s and Assigus Bound:Joint and Several I.iabiUty. Co-stguess. The wvenaats aud agreemenu of this _���' ;
<br /> ' . ' .� gecuriry Iustmment shall bind and benefit the succesgors and assigns of Lende; and Bonower, sub}ect to the provisians of �,,.: .
<br /> •:..;:.�,.
<br /> . ' � ,'; paragraph 17. Borrower's covenaau aad agreements sha11 be joint and several. Aay Sosower w�o co-signs t�is Seauity , ��
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<br /> • , �'� Instrument but does not eaecute the Note: (a) is co-signing tbis Security Insuument only to mortgage,grant aad coavey that ;�._��`.`.:
<br /> . �.��� Boaower's interest in the Property uader the terms of this Secarity Instrumeat;(b)is not personally obligated to pay the sums . ' ,:�i
<br /> .. ,� _ s����g�riry���t;and(c)agrees t�at Lender and az►y other Borrower may agree to extend,modify,forbear or , • , �.�
<br /> I � make u►y acsommodations with reP,ard to the terms of this Security Insccument or the Note without that Borrower's wnsent. �, `;., i��.
<br /> 13.Loan ChargPS.If the loan secured by this Security Iastn�►ent is sabject to a taw which sets maximum loaa charges, .' •�-
<br /> � '�. ,� and that law is fmally interpreted so that the inteiest or other loan charges coUected or to be collected in conaecaton with the ... ,;_
<br /> loan exceed the permitted limiu,theu: (a)any such loan charge shall be reduced by the amonnt necessary to reduce the chazge •:Y .`' '
<br /> - 7 to the pertnitted limit;and(b)any sums already collectcd from Borrower which eaceeded permitted limits wiil be refunded to , • . , •
<br /> � � �� Borrower. l.ender may choose to make this refuad by reducing the principal owed under the Note or by making a direct � . . __
<br /> . � payment to Borrower. If a refnnd reduces principal. the reductlon wiU be ueated as a partial prepaymeat without any • ,
<br /> prepayment chazge under the Note. . ` . �
<br /> � 14.Natices.Any notice to Bonower provided for in this Security Instrument shall be given by delivering it or by mailing . _
<br /> � � it by first class mail unless aPPlicable law mquires nse of another method.The notice shall be directed to the Property Address .
<br /> � � or any other address Bonower designates by notice to Lender. My notice to Lender shall be given by first class mail to . . �
<br /> `� � Lender's address stated herein or any other address Lender designates by notice to Borrower. My notice provided for in this . ,
<br /> � Security insttument shall be deemed to have been given to Bonower or Lender when given as provlded in this paragaph. �
<br /> � : ! � 15.Gaverning l.aw; Severabflity. This Security Instrument shall be govemed by federal law and the law of the . , . • .
<br /> • � jurisdiction in which the Property is located. In the event that any provision or clause ot this 5ecurity lnstrument or the Note .
<br /> � : �� conflicts with applicable law.such conflict shall not affect other provisions of this Security lnswment or the Note which can be . ' ..
<br /> given effect without the conflicting provision. To this end the provisions of this Securiry lnstrument and the Note are declared
<br /> : � to be severable. , • , '
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Securiry lnstrument.
<br /> � Form 30 � .� . .
<br /> : . . ��VtNE)i9zss�.o� vaq000es mina�
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